Reliance Market Lens 160516

7/25/2019 Reliance Market Lens 160516

1/11

May 16, 2016 NIFTY 7815 IN FOCUS

Institutional Equity Research

Market Lens

Support 7780

7700

Resistance 7860

7920

Stock in Focus INDIAN BANK

Positional Pick BHARAT FORGE

Intraday Pick HCL TECH

Intraday Pick NTPC

1

Exchange Rs Crore

BSE Equity 2,507.8

BSE Derivatives 0.42

NSE Equity 19,337.0

NSE Derivatives 2,90,064.3

Indices Absolute Change Percentage Change

Domestic Last Trade Change 1-D 1-Mth YTD

BSE Sensex 25,489.6 (300.7) -1.2% -0.5% -2.4%

CNX Nifty 7,814.9 (85.5) -1.1% -0.5% -1.7%

S&P CNX 500 6,582.3 (58.6) -0.9% 0.1% -2.1%

CNX IT INDEX 11,030.7 (50.4) -0.5% -2.8% -1.6%

International Last Trade Change 1-D 1-Mth YTD

DJIA 17,535.3 (185.2) -1.1% -2.0% 0.6%

NASDAQ 4,717.7 (19.7) -0.4% -4.5% -5.8%

NIKKEI 16,553.8 141.6 0.9% -1.7% -13.0%

HANGSENG 19,758.4 39.1 0.2% -7.3% -9.8%MSCI Emerging Mkts 796.1 (10.6) -1.3% -6.0% 0.2%

Last Trade Change 1-D 1-Mth YTD

Dr. Reddys Lab (ADR) 43.2 0.3 0.7% -6.8% -6.7%

Tata Motors (ADR) 28.8 0.0 0.0% -7.3% -2.4%

Infosys (ADR) 18.6 (0.2) -0.9% -7.3% 10.7%

ICICI Bank (ADR) 6.7 (0.3) -3.6% -8.9% -13.9%

HDFC Bank (ADR) 63.2 (1.2) -1.8% 0.4% 2.6%

Axis Bank (GDR) 36.7 (0.2) -0.5% 9.7% 9.1%

Reliance Ind (GDR) 29.1 (0.3) -1.2% -9.1% -5.1%

ADRs / GDRs

Key Commodities Last Trade Change 1-D 1-Mth YTD

Brent Crude ($/bl) 47.9 1.5 3.3% 8.9% 31.1%

Silver ($/Oz) 17.2 0.1 0.6% 6.1% 24.2%

Gold ($/Oz) 1,278.1 4.7 0.4% 3.7% 20.5%

Copper LME ($/MT) 4,636.0 8.8 0.2% -4.4% -1.5%

Aluminium LME ($/MT) 1,516.8 (12.0) -0.8% -2.0% 1.1%

Baltic Dry 600.0 21.0 3.6% -5.5% 25.5%

COMMODITY MARKET


USD/INR 66.8 66.6 0.2% 0.2% 0.9%

EUR/INR 75.8 75.9 -0.1% 0.6% 5.1%

CURRENCY RATES


T-Bill - 91 D 6.8 6.8 0.3% 1.1% -4.5%

10 Year G-sec Yield 7.4 7.4 0.3% 0.1% -4.0%

RATES

Category BUY SELL NET Prev

FII 5,590.5 4,096.6 1493.9 24.1

DII 2,213.8 1,546.7 667.0 258.4

INVESTMENT ACTIVITY (RS. CR)

EXCHANGE TURNOVER

BHARAT FORGE (LTP: 751) SELL

For todays trade, short position can be initiated only in Rs765-785

range for target of Rs720 with a stop loss of Rs800.

Positional Pick

STOCK IN FOCUS

EQUITY INDICES

Intraday Picks

HCL TECH (LTP: 721) BUY

For todays trade, long position can be initiated only in Rs708-705

range for target of Rs730 with a strict stop loss of Rs698. Traders

are advised to avoid early morning whipsaw.

NTPC (LTP: 141)BUY

For todays trade, long position can be initiated only in Rs138-137

range for target of Rs144 with a strict stop loss of Rs136. Traders

are advised to avoid early morning whipsaw.

Indian Bank closed 5.6% higher, outperforming benchmark

NIFTY by 6.7%. Despite elevated stress formation, the Bank has

delivered fairly better operating performance compared to peer on

the back of decent growth in operating profit (8.8% qoq & 1.2%

yoy) and relatively better growth in CASA deposits (13.3% yoy

& 6.75% qoq). Asset quality stress is expected to persist for theBank over next 2-3 quarters along with elevated credit costs, which

would keep RoAs subdued at ~0.6-0.7% and RoEs at ~5-7%

over FY16-18E. However, the Bank seems to be relatively better

placed compared to its PSU peers in effectively managing clean-

up of current loan book. Further, it is adequately capitalized (Tier-I

ratio of 12.1%) and will not require any adverse dilution (below

book value dilution) in the near-term, which is positive for the long-

term investors. Hence, we maintain our BUY recommendation

on the stock with a revised Target Price of Rs105, which implies

0.4XFY18E adjusted book value.


2/112



Market Lens

Support 7780

7700

Resistance 7860

7920




Intraday Pick NTPC

MARKET SYNOPSIS

f On Friday, NSE-NIFTY

extended losses post

dull opening amidst

negative global cues and

selling across the board

(except Media counters),

where even narrow

range consolidation

failed to save index fromfalling lower. Finally, after

registering high of 7,881

and low of 7,784 levels

during the day, NIFTY shut

the shop at 7,815 mark,

with cut of 86 points.

f NSE Cash segment

has reported turnover

of Rs19,337 crore as

compared to Rs15,781

crore earlier.

f Overall market breadth

turned negative, where 577 stocks advanced against 967 declined stocks.

f Except Media (gained by 0.5%), negative trend was witnessed amongst all sectoral indices during the day, where Realty & Metal

indices emerged as top losers with decrease of 2.5% & 2.2% respectively.

NSE-NIFTY OUTLOOK

f NSE-NIFTY breached two weeks old falling trend with 1% gain, where index closed in red twice out of five trading sessions. As

mentioned earlier, any stable move above 7,900 mark will bring positivity in the market, but on Friday, index reversed before visiting

that mark and slipped to one week low. Increase in market participation with negative market breadth is signalling lack of buying

interest in the market at this juncture and negative cross-over in key technical indicators-RSI & Stochastic are indicating near-term

weakness in the market. We believe index will remain in pressure till the time it stays below 7,900 mark and on further decline, it

will initially find support around 7,700 mark (50-days EMA) and then at 7,575 level (junction of 100-days SMA and 50% Fibonacci

retracement level of prior fall). However, on the higher side, psychological mark-8,000 will remain key level to watch out for.

f As for the day, support is placed around 7,780 and then at 7,700 levels, while resistance observed at 7,860 and then around 7,920

levels.

Technical Research


3/113



Market Lens

Support 7780

7700

Resistance 7860

7920




Intraday Pick NTPC

Bharat Forge, post giving

breakdown around level of

Rs820 registered a low of

about Rs755 before reversing

back to its short term averages.

Stock continues to find strong

resistance around its 20 and

50 day exponential moving

averages placed in the range of

Rs790 to Rs800. MACD below

the neutral line while RSI below

50 mark indicates inherent

weakness in the stock. We

believe any uptick in short term

from current level provides a

good opportunity to short the

stock for a fresh dip towards

level of Rs720 to Rs700 in

short term.

Thus, for todays trade, short

position can be initiated only in

Rs765-785 range for target of Rs720 with a stop loss of Rs800.

Technical Research

Positional Pick: BHARAT FORGE

CMP: 751 | RECO: SELL | RANGE: 765-785 | TARGET: 720 | STOP LOSS: 800


4/114



Market Lens

Support 7780

7700

Resistance 7860

7920




Intraday Pick NTPC

Domestic bourses ended last day of the week on a weak note with NIFTY 50, ending the session around 7,815 mark down 86 points.

During the session, NIFTY after registering a low of 7,784 registered a high of 7,881 before ending the session. Sectorally, except for the

Media index that gained close to 0.5%, almost all the sectoral indices ended the session on a weak note. Nifty Realty and metal emerged

as top losers down 2.5% and 2.2% each respectively. Broader market indices ended the session on a weak note with Midcap 100

declining 0.4% while the Smallcap 100 lost about 0.3% respectively. Nifty May futures ended with premium of about 18 point at 7,833

mark while on other hand, Bank Nifty May futures ended with the premium of about 26 points at 16,743 mark.

Sectoral Activity:Amongst sectoral index, Nifty Realty adds long position.

Stock Activity: SRF observed build up in short position.

Delivery Action: Based on delivery analysis, distribution was observed in Eicher Motors.

Derivatives Snapshot

TOP 5 PRICE GAINERS

Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance

POWER FIN CORP LTD. 174.5 5.9% 166.0% -0.8% 168 172 178

HAVELLS INDIA LIMITED 359.8 5.1% 450.6% -2.5% 348 357 369

IDFC LTD 49.8 4.2% 489.6% 0.3% 47 50 52

THE SOUTH INDIAN BANK LTD 18.7 3.6% 2.9% -1.9% 18 18 19SUN TV NETWORK LIMITED 391.2 2.4% 132.9% 18.9% 382 390 399

TOP 5 PRICE LOSERS


SRF LTD 1261.2 -9.1% 243.3% 31.6% 1208 1288 1342

UCO BANK 34.0 -6.2% 343.7% 51.6% 33 34 35

RELIANCE COMMUNICATIONS L 51.7 -5.4% 168.8% 8.2% 51 52 54

RELIANCE INFRASTRUCTU LTD 510.8 -5.1% 41.6% 23.9% 499 519 530

VEDANTA LIMITED 98.0 -4.8% 29.0% 2.8% 96 99 101

TOP 5 OI GAINERS


UCO BANK 34.0 -6.2% 343.7% 51.6% 33 34 35

SRF LTD 1261.2 -9.1% 243.3% 31.6% 1208 1288 1342

RELIANCE INFRASTRUCTU LTD 510.8 -5.1% 41.6% 23.9% 499 519 530

EICHER MOTORS LTD 18992.8 -3.8% 2172.1% 21.0% 18397 18975 19571

SUN TV NETWORK LIMITED 391.2 2.4% 132.9% 18.9% 382 390 399

TOP 5 OI LOSERS


INDIABULLS REAL EST. LTD 79.9 -4.4% 4.1% -15.0% 77 80 83APOLLO TYRES LTD 159.8 0.7% -65.4% -9.4% 157 159 162

ENGINEERS INDIA LTD 178.7 -3.9% -13.8% -8.8% 176 181 184

OIL INDIA LTD 328.6 1.1% -17.4% -8.1% 324 327 332

TITAN COMPANY LIMITED 364.7 -2.5% 112.2% -6.9% 357 371 378


5/115



Market Lens

Support 7780

7700

Resistance 7860

7920




Intraday Pick NTPC

Derivatives Snapshot

TOP 5 RISE IN % DEL CHG

Stock Name LTP % Price Chg % Vol Chg % Del Chg Support Pivot Resistance

EICHER MOTORS LTD 18992.8 -3.8% 2172.1% 2689.5% 18397 18975 19571

HAVELLS INDIA LIMITED 359.8 5.1% 450.6% 478.1% 348 357 369

HEXAWARE TECHNOLOGIES LTD 207.7 -3.6% 261.8% 383.1% 204 210 213

RELIANCE COMMUNICATIONS L 51.7 -5.4% 168.8% 326.5% 51 52 54

HINDUSTAN UNILEVER LTD. 831.8 -2.5% 224.3% 304.4% 818 836 849

TOP 5 DECLINE IN % DEL CHG

Stock Name LTP % Price Chg % Vol Chg % Del Chg Support Pivot Resistance

INDIABULLS HSG FIN LTD 716.1 0.5% -67.3% -74.8% 709 718 726

ZEE ENTERTAINMENT ENT LTD 448.9 0.3% -46.0% -74.2% 442 448 455

CASTROL INDIA LIMITED 422.9 -1.3% -47.3% -73.8% 418 426 430

PETRONET LNG LIMITED 278.6 -1.8% -38.5% -69.2% 276 280 283

DIVIS LABORATORIES LTD 1078.6 1.4% -42.6% -69.0% 1063 1072 1088

SECTORAL ACTIVITY

Value Average of OI Average of Price Total Average of

Total OI Change % Change % Volume Volume Change %

Consumer Discretionary 135253150 1.8% -0.8% 23209408 108.5%

Consumer Staples 79950850 0.1% -0.3% 12504085 47.6%

Energy 121725700 -0.2% -0.6% 14469488 -11.5%

Financials 1460019700 2.3% -1.2% 230724080 39.0%

Health Care 69003750 0.9% -0.3% 9526844 19.0%

Industrials 679658900 0.5% -1.4% 108636166 56.9%

Information Technology 71260250 -0.5% -0.5% 13117133 44.4%

Materials 378476775 3.2% -2.0% 48371721 29.8%

Telecommunication Services 214341300 3.1% -1.3% 24192066 58.5%

Utilities 663216000 1.7% -1.1% 43237617 11.8%

Grand Total 3872906375 1.6% -1.1% 527988608 43.5%


6/116



Market Lens

Support 7780

7700

Resistance 7860

7920




Intraday Pick NTPC

Pivot TableName LTP Support 2 Support 1 Pivot Resistance 1 Resistance 2

Nifty 50 7814.9 7729.9 7772.4 7826.7 7869.2 7923.5

Nifty IT 11030.7 10937.6 10984.2 11032.7 11079.3 11127.8

Nifty Bank 16716.9 16437.2 16577.1 16734.4 16874.2 17031.5

ACC LIMITED 1457.1 1431.7 1444.4 1453.7 1466.4 1475.6

ADANI PORT & SEZ LTD 188.55 168.6 178.6 189.4 199.4 210.3

AMBUJA CEMENTS LTD 217.25 213.8 215.5 218.6 220.3 223.4

ASIAN PAINTS LIMITED 943.65 919.4 931.5 939.8 951.9 960.2

AUROBINDO PHARMA LTD 784.25 762.6 773.4 790.9 801.8 819.3

AXIS BANK LIMITED 490.65 481.4 486.0 491.1 495.7 500.8

BAJAJ AUTO LIMITED 2517.7 2487.2 2502.5 2523.7 2539.0 2560.2

BANK OF BARODA 155.1 152.2 153.6 155.6 157.0 159.0BHARTI AIRTEL LIMITED 354.9 347.6 351.3 356.6 360.3 365.6

BHEL 122.75 120.3 121.5 123.8 125.0 127.3

BOSCH LIMITED 20676.15 20170.2 20423.2 20754.0 21006.9 21337.7

BHARAT PETROLEUM CORP LT 927.8 911.9 919.8 927.4 935.4 943.0

CIPLA LTD 531.7 524.8 528.3 533.5 536.9 542.1

COAL INDIA LTD 281.45 276.2 278.8 281.2 283.9 286.3

DR. REDDYS LABORATORIES 2917.2 2856.2 2886.7 2915.2 2945.7 2974.2

EICHER MOTORS LTD 18992.8 17801.9 18397.4 18975.5 19570.9 20149.0

GAIL (INDIA) LTD 379.6 368.7 374.2 380.7 386.2 392.7

GRASIM INDUSTRIES LTD 4251.75 4126.0 4188.9 4225.9 4288.8 4325.8

HCL TECHNOLOGIES LTD 723.15 707.1 715.1 721.1 729.1 735.1

HDFC LTD 1166 1131.5 1148.7 1175.9 1193.2 1220.4

HDFC BANK LTD 1140.9 1121.6 1131.3 1139.6 1149.3 1157.6

HERO MOTOCORP LIMITED 2912.6 2862.9 2887.8 2917.8 2942.7 2972.7

HINDALCO INDUSTRIES LTD 89.3 86.0 87.6 90.5 92.2 95.1

HINDUSTAN UNILEVER LTD. 831.8 804.6 818.2 835.6 849.2 866.6

ICICI BANK LTD. 226.5 219.7 223.1 226.8 230.2 233.8

IDEA CELLULAR LIMITED 113.55 110.9 112.2 113.3 114.7 115.8

INDUSIND BANK LIMITED 1065.2 1049.1 1057.1 1063.1 1071.1 1077.1

BHARTI INFRATEL LTD. 374.9 360.5 367.7 371.9 379.1 383.2

INFOSYS LIMITED 1207.25 1185.3 1196.3 1203.1 1214.1 1221.0

ITC LTD 319.35 312.2 315.8 318.7 322.3 325.3

KOTAK MAHINDRA BANK LTD 708.25 692.8 700.5 714.7 722.4 736.6

LARSEN & TOUBRO LTD. 1286.5 1259.4 1273.0 1294.0 1307.5 1328.5

LUPIN LIMITED 1588.7 1564.9 1576.8 1596.9 1608.8 1628.8MAHINDRA & MAHINDRA LTD 1312.75 1285.9 1299.3 1315.5 1328.9 1345.1

MARUTI SUZUKI INDIA LTD. 3846.25 3800.8 3823.5 3850.7 3873.4 3900.6

NTPC LTD 141 139.3 140.2 140.9 141.8 142.5

OIL AND NATURAL GAS CORP. 203.75 200.0 201.9 203.9 205.8 207.9

POWER GRID CORP. LTD. 144.75 141.3 143.0 144.1 145.8 146.9

RELIANCE INDUSTRIES LTD 978.15 965.7 971.9 981.2 987.5 996.8

STATE BANK OF INDIA 184.85 182.1 183.5 185.7 187.1 189.4

SUN PHARMACEUTICALS IND. 795.05 784.8 789.9 797.6 802.8 810.5

TATA MOTORS LIMITED 389.95 381.3 385.6 389.8 394.1 398.3

TATA MOTORS DVR A ORD 276.95 271.2 274.1 277.5 280.4 283.8

TATA POWER CO LTD 70.35 68.9 69.6 70.4 71.1 71.9

TATA STEEL LIMITED 322.65 316.3 319.5 324.4 327.6 332.6

TATA CONSULTANCY SERV LT 2523.4 2477.3 2500.4 2533.2 2556.2 2589.0

TECH MAHINDRA LIMITED 479.8 472.5 476.2 479.8 483.5 487.1

ULTRATECH CEMENT LIMITED 3151.65 3081.8 3116.7 3169.9 3204.8 3258.0

WIPRO LTD 539.65 534.1 536.9 539.8 542.6 545.5

YES BANK LIMITED 950.55 935.1 942.8 951.9 959.6 968.7

ZEE ENTERTAINMENT ENT LTD 448.85 434.9 441.9 448.0 455.0 461.1


7/117



Market Lens

Support 7780

7700

Resistance 7860

7920




Intraday Pick NTPC

Bulk Deals SnapshotDeal Date Scrip Code Company Client Name Deal Type* Quantity Price **

13-05-2016 539544 ABHIINFRA SAMTA VINODKUMAR CHATURVEDI B 20,000 35.0

13-05-2016 536737 ACFSL SOHAM SECURITIES B 72,000 22.0

13-05-2016 539042 AGIIL E TRICKS ENTERPRISES PRIVATE LIMITED S 60,000 100.0

13-05-2016 539042 AGIIL SAJANKUMAR RAMESHWARLAL BAJAJ B 60,000 100.0

13-05-2016 539872 BAJAJHCARE E TRICKS ENTERPRISES PRIVATE LIMITED B 57,600 172.9

13-05-2016 538576 BHANDERI MATADIN BASHESHWARLAL SHARMA B 14,400 130.0

13-05-2016 538576 BHANDERI AJAY VISHWANATH AGARWAL S 14,400 130.0

13-05-2016 532413 CEREBRAINT VIRAL DINESH SHAH S 614,810 13.7

13-05-2016 532413 CEREBRAINT VIRAL DINESH SHAH B 614,810 13.7

13-05-2016 539786 DUNE NEETA GANPATBHAI DABHI B 103,048 19.013-05-2016 539486 GEETANJ DEEPA AMAR LARAI S 26,000 19.5

13-05-2016 503669 KKFIN HANUMAN FREIGHT AND CARRIERS PRIVATE LIMITED B 500,000 5.1

13-05-2016 503669 KKFIN HRISHIKESH IMPEX PRIVATE LIMITED S 500,000 5.1

13-05-2016 539446 KRISHFAB SAMRAS ORGANISERS B 15,403 31.0

13-05-2016 539408 KUBERJI SANTOSH PANDURANG KATE B 19,000 21.5

13-05-2016 535387 LAKHOTIA SANWARIA VINCOMM PRIVATE LIMITED S 925,000 8.0

13-05-2016 535387 LAKHOTIA GAZI ESTATES PRIVATE LIMITED B 925,000 8.0

13-05-2016 516007 MANGTIMBER FALGUNI DEDHIA S 97,146 25.6

13-05-2016 516007 MANGTIMBER FALGUNI DEDHIA B 900 24.8

13-05-2016 517467 MARSONS SHISHIR MADHAV CHAVAN B 128,125 14.6

13-05-2016 539200 NOBPOL KALPESH ANILBHAI MALVI S 33,000 5.4

13-05-2016 539200 NOBPOL NISHIL SURENDRABHAI MARFATIA S 48,881 5.4

13-05-2016 539200 NOBPOL NISHIL SURENDRABHAI MARFATIA B 58,232 5.4

13-05-2016 530815 REFNOL LOKESH KUMAR AGARWAL S 20,790 18.7

13-05-2016 539760 RELICAB SAJANKUMAR RAMESHWARLAL BAJAJ B 204,000 20.6

13-05-2016 539760 RELICAB KAVITA SHASHI CHOUDHARY S 204,000 20.6

13-05-2016 526492 RISHIROOP ASHOK KUMAR BILGAIYAN S 33,591 39.4

13-05-2016 526492 RISHIROOP ASHOK KUMAR BILGAIYAN B 33,591 37.0

13-05-2016 531699 SUPRDOM RAMESHBHAI VALLABHBHAI PATEL B 40,000 5.7

13-05-2016 531699 SUPRDOM NEERAJ ARORA S 168,909 5.5

13-05-2016 531699 SUPRDOM NEERAJ ARORA B 183,196 6.2

13-05-2016 539402 VAL SAJANKUMAR RAMESHWARLAL BAJAJ B 112,000 26.0

13-05-2016 539402 VAL TIA ENTERPRISES PRIVATE LIMITED S 112,000 26.013-05-2016 539659 VIDLI CHARANDEEP SINGH B 30,000 28.8

13-05-2016 539659 VIDLI EPCOT TRADING LLP S 30,000 28.8

13-05-2016 530627 VIPULDYE LYDIA CONSTRUCTION PRIVATE LIMITED B 34,200 56.0

*B - Buy, S - Sell, ** = Weighted Average Trade Price / Trade Price


8/118



Market Lens

Support 7780

7700

Resistance 7860

7920




Intraday Pick NTPC

Monthly Economic CalendarDate Country Event Period Prior

16-May-16 IN Wholesale Prices YoY Apr -0.9%

17-May-16 US CPI MoM Apr 0.1%

17-May-16 JN Industrial Production MoM Mar F 0

18-May-16 EC CPI YoY Apr F --

19-May-16 US Initial Jobless Claims 14-May --

19-May-16 AU Unemployment Rate Apr 5.7%

26-May-16 UK GDP YoY 1Q P 2.1%

26-May-16 US Initial Jobless Claims 21-May --

27-May-16 US GDP Annualized QoQ 1Q S 0.0

31-May-16 IN Fiscal Deficit INR Crore Mar 40,591

31-May-16 IN Fiscal Deficit INR Crore Apr --

31-May-16 IN GDP Annual Estimate YoY 1Q P 7.6%

31-May-16 IN GDP YoY 1Q 7.3%

31-May-16 IN GVA YoY 1Q 7.1%


9/11


10/1110



Market Lens

Support 7780

7700

Resistance 7860

7920




Intraday Pick NTPC

Result Calendar

Company Name Board Meeting Date Purpose

Apcotex Industries Limited 16-May-16 Results/Dividend

Advani Hotels & Resorts (India) Limited 16-May-16 Results

BF Utilities Limited 16-May-16 Results

Balaji Telefilms Limited 17-May-16 Results

United Bank of India 17-May-16 Results

Voltas Limited 17-May-16 Results/Dividend

Trigyn Technologies Limited 17-May-16 Results

Vascon Engineers Limited 17-May-16 Results

Syndicate Bank 17-May-16 Results/Dividend

Symphony Limited 17-May-16 Results

MT Educare Limited 17-May-16 Results/Dividend

MPS Limited 17-May-16 Results

Motherson Sumi Systems Limited 17-May-16 Results

Mahindra Holidays & Resorts India Limited 17-May-16 Results/Dividend

Prime Securities Limited 17-May-16 Results

OCL India Limited 17-May-16 Results/Dividend

Honeywell Automation India Limited 17-May-16 Results/Dividend

Indian Metals & Ferro Alloys Limited 17-May-16 Results

Hind Syntex Limited 17-May-16 Results

Gujarat Gas Limited 17-May-16 Results/Dividend

Emmbi Industries Limited 17-May-16 Results/Dividend

GlaxoSmithKline Consumer Healthcare Limited 17-May-16 Results/Dividend

Bharat Forge Limited 17-May-16 Results/Dividend

Balkrishna Industries Limited 18-May-16 Results/Dividend

Wanbury Limited 18-May-16 Results

Universal Cables Limited 18-May-16 Results

Torrent Power Limited 18-May-16 Results

Torrent Power Limited 18-May-16 Results/Dividend

Vinyl Chemicals (India) Limited 18-May-16 Results/Dividend

S&S Power Switchgears Limited 18-May-16 Results

Ruchira Papers Limited 18-May-16 Results/Dividend

Tata Communications Limited 18-May-16 Results/Dividend

Spice Mobility Limited 18-May-16 Results

Som Distilleries & Breweries Limited 18-May-16 Results

Skipper Limited 18-May-16 Results/Dividend

Ratnamani Metals & Tubes Limited 18-May-16 Results/Dividend

Kirloskar Oil Engines Limited 18-May-16 Results

Prabhat Dairy Limited 18-May-16 Results/DividendLandmark Property Development Company Ltd 18-May-16 Results/Dividend

JSW Steel Limited 18-May-16 Results/Dividend

PTC India Limited 18-May-16 Results/Dividend

JK Lakshmi Cement Limited 18-May-16 Results/Dividend


11/11



Market Lens

Support 7780

7700

Resistance 7860

7920




Intraday Pick NTPC

Reliance Securities Limited (RSL), the broking arm of Reliance Capital is one of the Indias leading retail broking houses. Reliance Capital is amongst Indias

leading and most valuable financial services companies in the private sector. Reliance Capital has interests in asset management and mutual funds, life and

general insurance, commercial finance, equities and commodities broking, wealth management services, distribution of financial products, private equity, asset

reconstruction, proprietary investments and other activities in financial services. The list of associates of RSL is available on the website www.reliancecapital.

co.in. RSL is registered as a Research Analyst under SEBI (Research Analyst) Regulations, 2014

General Disclaimers: This Research Report (hereinafter called Report) is prepared and distributed by RSL for information purposes only. The recommendations,

if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice for the purpose of purchase or sale of

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RSL CIN: U65990MH2005PLC154052. (NSE - INB / INF / INE 231234833; BSE - INB / INF / INE 011234839; AMFI ARN No.29889). Research Analyst SEBI

registration no. INH000002384

Reliance Market Lens 160516

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