Religare Morning Digest - InvestmentGuruIndia

Religare Morning Digest
July 19, 2013
Technical Market View
Recommendation
SYMBOL
UNIPHOS
Buy/Sell
Buy
CMP 143.95
Initiation range 141-142
Stop Loss 138
UNIPHOS: In recent decline, the stock had retraced to major
support zone around long term averages (100,200 EMA) on
daily chart. Around that zone, it has formed inverted head
and shoulder on intraday chart and now is on the verge of
upside breakout from the same. Accordingly, one may
initiate trade as per levels given in table. (Trading period: 3-5
trading sessions)
Target 150
NIFTY View
On the back of positive cues from global front, Nifty opened with positive gap and traded in a narrow range of
5975-6000 for most part of the session. The sudden spurt in last hour resultant upside breakout from that range and
helped index to gain more than one percent by the end. Recovery in Banking and Realty along with rise in
Consumer durables, PSU stole all limelight as majority ended flat.
As we have been upholding our positive view, Nifty will gradually progress towards 6150 level in near future.
Importantly, underperformance of banking sector is currently hurting the most so it’s important for banking
counters to continue its rebound for sustainable market performance. Besides, oversold positions in sectors like
Auto, Metal may also result in technical bounce from current levels; aiding to further rise.
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Religare Morning Digest
July 19, 2013
Technical Market View
TRENDSHEET - INDEX TREND *
INDEX SPOT Close Trend Trend changed on Trend changed at Closing Stop Loss
NIFTY 6083.15 6038.05 Down Up 23-May-13 28-Jun-13 5967.05 5842.20 6200 5800
BANKNIFTY 12961.55 11187.70 Down Up 31-May-13 16-Apr-13 11871.60 12475.65 12630 11620
CNX-IT 6410.95 7306.35 Up 08-May-13 27-Jun-13 6380.15 6587.15 6050 6750
CNXMIDCAP 7914.80 7468.30 Down Up 23-May-13 01-July-13 7802.05 8200 7230
Nifty 50 - Trend Sheet *
STOCKS LTP Trend Trend changed on Trend changed at at Closing Stop Loss
ACC 1245.45 1275.35 Up 08-Jul-13 25-Apr-13 1256.55 1255.05 1190
AMBUJACEM 211.35 185.6 Up 01-Jul-13 16-Apr-13 189.05 180.45 192 175
ASIANPAINT 4826.05 5213.1 Down Up 11-Jul-13 9-Apr-13 4874.5 4531.6 4700 5000
AXISBANK 1478.15 1238.2 Down Up 04-Jun-13 16-Apr-13 1395.45 1363.3 1300 1400
BAJAJ-AUTO 1818.1 1896.7 Up 19-Jun-13 23-Apr-13 1835.65 1805 1755 1730
BANKBARODA 682.25 566.85 Down Up 29-May-13 25-Apr-13 679.45 708.55 600 680
BHARTIARTL 309.15 323.65 Down Up 24-May-13 02-Jul-13 302.85 298.5 297 332
BHEL 196.95 189.5 Up 02-Jul-13 25-Apr-13 183.6 192.55 175 187
BPCL 377.45 343.55 Down 23-May-13 379.9 365 415
CAIRN 286.15 303.65 Down 23-May-13 277.55 305
CIPLA 401.5 413.3 Up 28-Jun-13 08-Mar-13 391.95 391.8 372 390
COALINDIA 313.8 291.1 Down 13-Jun-13 24-Jan-13 298.9 343.65 314 320
DLF 171.25 215.3 Down Up 22-May-13 01-Jul-13 189.1 227.15 164 235
DRREDDY 2090.95 2339.5 Up 4-Apr-13 1889.75 2150 1960
GAIL 324.5 Down Up 23-May-13 01-Jul-13 324.9 324.3 295 345
GRASIM 2991.8 2804.9 Down Up 29-May-13 25-Apr-13 2892.95 2983.2 3000 2900
HCLTECH 858.85 741.7 Up 9-May-13 770.15 790 695
HDFC 829.05 929.5 Up 28-Jun-13 11-Mar-13 879.05 831.65 809 840
HDFCBANK 715.05 684.1 Up 12-Jul-13 16-Apr-13 695.75 663.35 645 675
HEROMOTOCO 1654.35 1731.75 Up 15-Jul-13 23-Apr-13 1573.6 1725 1560 1550
HINDALCO 110.6 104.4 Up 15-Jul-13 23-Apr-13 105.4 96.3 94 100
*Refer Annexure to understand this table
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Religare Morning Digest
July 19, 2013
Technical Market View
STOCKS LTP Trend Trend when changed Rate when trend changed Closing Stop loss
HINDUNILVR 688.05 Up 12-Apr-13 479.05 617
ICICIBANK 984.45 Down 10-Jun-13 1117.8 1060
IDFC 127.9 Up 15-Jul-13 137.85 120
INDUSINDBK 465 Down 17-Jul-13 453.9 500
INFY 2800.75 Up 03-Jun-13 2514.1 2600
ITC 368.65 Up 11-Jul-13 353.4 345
JINDALSTEL 216.25 Down 23-May-13 291.1 225
JPASSOCIAT 50.6 Down 22-May-13 73.4 55
KOTAKBANK 711.7 Up 11-Jul-13 745.8 700
LT 985.3 Down 23-May-13 1418.2 1025
LUPIN 890.4 Up 03-Jul-13 830.45 825
M&M 874.75 Down 26-Jun-13 911.15 950
MARUTI 1445.55 Down 16-Jul-13 1411.25 1580
NMDC 105.45 Up 15-Jul-13 108.35 98
NTPC 146.5 Down 23-May-13 148.5 150
ONGC 314.65 Up 28-Jun-13 331.10 296
PNB 636.9 Down 31-May-13 760.05 675
POWERGRID 111 Down 25-Jun-13 103.10 113
RANBAXY 336.5 Down 23-May-13 394.3 355
RELIANCE 917.25 Up 28-Jun-13 862.6 835
RELINFRA 385.5 Up 01-Jul-13 366.5 355
SBIN 1824.25 Down 23-May-13 2177.6 1930
SESAGOA 149.6 Up 02-Jul-13 151 142
SUNPHARMA 1118.4 Up 28-Jun-13 1011.55 1025
TATAMOTORS 286.9 Up 04-Jul-13 292.3 265
TATAPOWER 93.1 Up 28-Jun-13 86.3 85
TATASTEEL 244.7 Down 08-Jul-13 259.9 268
TCS 1660.4 Up 28-Jun-13 1518.15 1520
ULTRACEMCO 1924.35 Up 10-Jul-13 1841.1 1810
*Refer Annexure to understand this table
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Religare Morning Digest
July 19, 2013
Derivative Market View
Nifty futures opened flat trading in a narrow range of 5980 to 6000 levels, post the results of Axis Bank it
sparked a huge short covering in banking stocks and other sectors. Nifty futures ended up by 81.6 points
at 6052.4 with a premium of 14.0 point to the spot closing of 6038.05.
All sectors ended positive with highest gains in beaten sectors like banking, infrastructure and realty by
3%. The advance decline was good with 124 advances and 20 declines in the derivatives segment.
Banking, Media and Telecom sectors gained the maximum open interest.
Nifty futures have ended near the current expiry high and the trend reversal level will be 5930 on closing
basis. The immediate resistances are placed at 6095 and 6120 while on the downside supports are at 5980
and 5930.
Stocks Futures with Upward Potential
Stocks Futures with Downward Potential
Stocks Price % Change OI
Change
In OI
Stocks Price % Change OI
Change
In OI
SYNDIBANK 112.0 3.7 955 18.6 FINANTECH 681.3 -3.5 2396 12.5
ZEEL 248.1 1.6 4592 19.9 SIEMENS 575.2 -1.3 1490 10.6
GODREJIND 300.8 1.1 565 11.9 STER 85.6 -1.3 7027 7.5
F & O Trade / Strategy Recommendation for today
Stock View CMP Strategy
Recommended
Price/ Initiation
Range
Target Price
Stop loss
SRTRANSFIN BULLISH 656.7 BUY JUL FUTS 650-653 682 633
Today’s Derivatives Summary
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26-Jun
27-Jun
28-Jun
2-Jul
3-Jul
4-Jul
5-Jul
8-Jul
9-Jul
10-Jul
11-Jul
12-Jul
15-Jul
16-Jul
17-Jul
Fundamental Market view
Religare Morning Digest
July 19, 2013
Key benchmark indices surged in late trade with higher European markets boosting sentiment. BSE Sensex
scaled its highest level in almost seven weeks above the psychological 20,000 level, after having
alternately moved above and below that mark in intraday trade. The CNX Nifty also hit almost seven week
high above the psychological 6,000 level. Bank stocks rose across the board on bargain hunting. The
market breadth turned positive from negative in late trade.
Daily Trends In FIIs Investments (Rs Crore)
2000
1000
0
-1000
-2000
-1320.5
-561.6 -842.8
1211.4
-585.5
421
-240.2
167.2
73.4
-1313.3
-176.9
-309.8
-3000
-4000
-5000
-6000
-5110.4
Corporate News
BPCL will invest Rs 900 crore to set up a new LPG pipeline from Kochi to Coimbatore and enhance the
storage capacity at its Irumpanam installation.
Axis Bank posted a 23% growth in net profit to Rs 1,409 crore in the first quarter ended June 30, 2013.
bank had reported a net profit of Rs 1,154 crore in the year-ago period.
IDBI Bank has reported 28.1% decline in net profit at Rs 306.95 crore for the first quarter ended June 30,
2014.The net profit stood at Rs 427.34 crore.
Kotak Mahindra Bank has posted a 43% jump in net profit at Rs 403 crore during April-June quarter of this
fiscal against Rs 282 crore in the year-ago quarter. The profit was driven by a spike in interest income and
robust loan growth.
Results on 19 July 2013: Reliance Industries, HDFC Ltd, Federal Bank, NIIT Ltd, JK Paper, Hindustan Zinc,
Hexaware Technologies, Bajaj Auto, UCO Bank.
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Religare Morning Digest
July 19, 2013
Annexure
How to Understand the Trend Sheet table
When trend changes to up, one can buy & when trend changes to down one can sell.
Resistance is mentioned for stocks which are in downtrend where one can go short with closing stop loss
as mentioned. Support is mentioned for stocks which are in uptrend where one can go long with closing
stop loss as mentioned.
Closing stop loss has to be seen at closing at 3:30pm. All stocks prices refer to spot price.
In this table of trends, it has been observed that if someone tries to take all levels of a stock or index continuously,
the losses are small but once the market catches a strong trend in either direction, one makes
a huge profit that time.
In our trend sheet,
If we underline only the stock name and closing stop loss then it means we have trailed our closing stop
loss.
If we underline the complete line including all fields Stock’s name, LTP, Trend, Trend changed on, Trend
changed at & closing stop loss, it signifies fresh reversal of the trend.
Note – For our running recommendations and past performance, please click here
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