635525032288459684_equity_daily_digest_1125201490440am

8/10/2019 635525032288459684_Equity_Daily_Digest_1125201490440AM

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25 November 2014

E-mail : [email protected]

www.destimoney.com

We are also available on:

Sensex (LHS) Nifty (RHS)

SENSEX AND NIFTY INTRADAY

NIFTY TO TRADE BETWEEN 8480-8580

We expect Nifty to trade between 8480-8580.Nifty could lead towards 8550 spot.

8487

8497

8507

8518

8528

28401

28428

28456

28484

28512

28540

9:00 10:00 11:00 12:00 13 :00 14:00 15:00

IndexCurrent

Value1D

Change1D (%)Change

1M (%)Change

1Y (%)Change

Sensex 28499.5 164.9 0.6% 6.1% 41.0%

Nifty 8530.2 52.8 0.6% 6.4% 42.3%

BSE Mid-Cap 10203.0 7.2 0.1% 5.5% 65.8%

BSE Small-Cap 11318.8 -7.0 -0.1% 6.2% 88.8%

DJIA 17817.9 7.8 0.0% 6.0% 10.9%

FTSE 100 6729.8 -21.0 -0.3% 5.3% 0.5%

Nikkei 225 17424.1 66.6 0.4% 13.9% 13.3%

Hang Seng 23895.2 2.1 0.0% 2.5% 0.9%

INR / 1 USD 61.9325 0.16 -0.3% -1.1% 0.9%

INR / 1 EUR 76.8447 0.10 -0.1% 1.4% 9.9%

Brent ($/ barrel) 78.3 0.2 0.3% -8.2% -30.1%

Gold $/oz 1197.8 0.7 0.1% -2.7% -4.3%

Silver $/oz 16.5 0.0 0.3% -3.9% -18.4%

Indian Indices

Currency

Global Indices

Commodities

NOTE: Stop loss levels mentioned in technical call recommendations represent potential risk involved in the investment/trade idea. Investor/trader should keepin mind stop loss and its own risk appetite before investing. Further, Investor/trader should follow the stop loss in order to limit the losses in such trades.

TCS Ltd has given a bullish breakout. Werecommend a buy above Rs.2665 with thestoploss of Rs.2620 for the target of Rs.2732.

We recommend a buy in Axis Bank Ltd above Rs 482 with the stoploss of Rs 472 for thetarget of Rs 497.

Chart of the Day

TCS LtdBuy above Rs 2665

Technical call of the DayAxis Bank LtdBuy above Rs 482

STOCKS TRADING IN POSITIVE ZONE : RANBAXY, INFYSTOCKS TRADING IN NEGATIVE ZONE : EXIDE INDUSTRIES

Char t o f t he Da y

Technica l Call o f t he Da y

Bu y: TCS L td CMP: 2658

Bu y: Axis Bank CMP: 478

268

316

363

410

458

505

24-Nov7-Oct20-Aug7-Jul26-May

AXIS BANK LTD

MA20 MA50 Bollinger Band

1969

2159

2350

2540

2730

2920

24-Nov7-Oct20-Aug7-Jul26-May

TATA CONSULTANCY SVCS LTD

MA20 MA50 Bollinger Band

0

25

50

75

100

S to ch as ti cs -F as t %K S toc ha sti cs -F as t %D R SI

0255075100

Stochastics-Fast %K Stochastics-Fast %D RSI


2/7

22

DAILY DIGEST

NIFTY TO TRADE BETWEEN 6020-6200

Economic Snapshot

Corporate Snapshot

ttm = trailing twelve months

Dr Reddy's Laboratories Ltd has launched Docetaxel injection, a therapeutic equivalent of Taxotere, in the USmarket. The brand and generic had a sales of $ 218 million in the US for the most recent 12 months.

VA Tech WABAG has bagged an order from Maynilad Water Services, Philippines for construction of 20 MLDSewage Treatment Plant (STP) at Tunasan. The project is funded by World Bank and the order value is approxi-mately Rs 100 crore. After designing and building the plant, WABAG will operate and maintain the plant for aperiod of one year as part of the contract.

Bharti Airtel has sold its 4,800 mobile towers in Nigeria to US-based American Tower Corp for about $1.05 bn

in a move to pare debt. Airtel will be the anchor tenant on the portfolio under a lease with a ten-year initialterm. The agreement has been signed between Bharti Airtel subsidiary, Bharti Airtel International (Netherlands)BV (Airtel) and ATC. At the end of September 2014, Airtel had a consolidated debt of Rs 62,215.8 cr.

Jindal Steel and Power Ltd has shelved a $10 billion coal-to-diesel project, becoming the first big casualty of aSupreme Court decision to scrap coalfields allocated to private firms since 1993. Jindal Steel's 1.5 billion tonnecoalfield in Odisha was among 214 cancelled by the Supreme Court in September, when it ruled the practice ofselective allocation was illegal and arbitrary.

25 November 2014

CMP: 399.5

P/E(ttm): 14.6Impact Neutral

CMP: 149.0P/E(ttm): 7.3Impact Neutral



CMP: 207.8

P/E(ttm): 7.8Impact Neutral

Amtek Auto has posted a net profit of Rs. 743.70 million for the quarter ended September 30, 2014 as com-

pared to Rs. 523.10 million for the quarter ended September 30, 2013. Total Income has increased from Rs.7839.50 million for the quarter ended September 30, 2013 to Rs. 10421.60 million for the quarter ended Septem-ber 30, 2014. It will acquire two Europe-based and one South East Asia-based auto as well as non-auto compo-nent makers through its Singapore-based wholly owned subsidiary.

The Centre has finalised the broad outline for appointing a new super-regulator governing telecom, information technology and broad-cast through a new Bill. The Communication Bill will repeal four existing Acts, including the Indian Telegraph Act 1885 and the TelecomRegulatory Authority of India Act 1997. The new regulator will be given wider powers, including spectrum management. The tenure will

be increased from three to five years. But the Government plans to insert a clause in the proposed Bill that will give it powers to overrulethe regulator at any time.

Sales of residential property in the countrys key cities dropped 21% year-on-year in the three months to September, showing consum-ers continue to shy away from buying homes. In the September quarter, prices rose just 5% y-o-y, a fairly sharp deceleration from the12-16% y-o-y seen between Q2FY12 and Q4FY13. Indeed, the NHB Residex for Q1FY15 shows a significant deceleration in prices withthe average unweighted price increase of just 2.9% y-o-y across 26 cities.


3/7

33

DAILY DIGEST

Technical Outlook

Nifty Overview

MARKET TECHNICALS

We expect Nifty to trade between 8480-8580. Nifty could lead towards 8550 spot.

SENSEX AND NIFTY INTRADAY

Indian benchmark indices rose to all time high buoyed by a rally in global markets andexpectations of more reforms from the government. Sensex was up 164.9 points or0.6% at 28499.5, while Nifty was up 52.8 points or 0.6% at 8530.2.

U.S. stocks remained firm as investors remained confident that stimulus measures fromglobal central banks will help spur economic growth. DJIA was up 7.8 points or 0.0% at17817.9.

In Asia, markets are trading mixed as momentum cooled from the previous session'sChina-inspired rally, while oil was in focus ahead of this week's OPEC meeting. Nikkei225 is trading up 66.6 points or 0.4% at 17424.1, while Hang Seng is trading up 2.1points or 0.0% at 23895.2.

Indian rupee weakened to close at 61.9325 against USD.

TRADERS COMMENT

Sensex (LHS) Nifty (RHS)

25 November 2014

8487

8497

8507

8518

8528

28401

28428

28456

28484

28512

28540

9 :00 10:00 11:00 12:00 13:00 14:00 15:00

6469

6888

7307

7726

8145

8564

24-Nov03-Nov13-Oct19-Sep02-Sep12-Aug23-Jul04-Jul

20D MVA 50D MVA 200D MVA

0

120

240

360Volume (in million)

Index Close S3 S2 S1 Pivot R1 R2 R3

NIFTY 8530.2 8447 8475 8502 8519 8546 8590 8634

SENSEX 28499.5 28247 28331 28415 28479 28563 28710 28858


4/7

44

DAILY DIGEST

EQUITY MARKETS

Nifty Movers & Shakers

Nifty Most Actives Volume Gainers & Losers

FII & MF Net Investments in Equities

GSec & AAA Corp. Yield Curve

P/E Chart for Nifty & MSCI EMs Indices

Top 5 Sector Movers

OIS Curve

FIXED INCOME MARKETS

RBI Auctions

25 November 2014

-5.3% -2.6% 0.0% 2.6% 5.3%

Power Grid

CiplaRILACC

Tata MotorsSesa Sterlite

BPCLONGC

Sun PharmaTech Mahindra

DLF

Jindal Steel & PowerTata PowerHindalcoInfosysTata SteelWiproICICI BankBHELHCL Te chnologies

-2.0% -1.0% 0.0% 1.0% 2.0%

BSE Oil & Gas Index

BSE Healthcare Index

BSE FMCG Index

BSE IT Index

BSE Metal Index

BSE Realty Index

BSE Bankex

BSE Cons. Durable Index

-120% -60% 0% 60% 120%

Tata Power

DLF

Lupin

Sesa Sterlite

Ambuja Cements

Bajaj Auto

NTPC

Tech Mahindra

Kotak Mahindra Bank

Cipla

0

123

246

369

492

615

I n f o s y s

S B I

I C I C I B a n

k R I L

H D F C

T C S

L & T

I T C

M & M

T a t a S t e e

l

-586

-293

0

293

586

879

21-Nov 20-Nov 19-Nov 18-Nov 17-Nov 14-Nov 12-Nov

i n R s .

C r .

FII Net Invst MF Net Invst

8

13

17

22

26

FY2012 FY2013 FY2014E FY2015E FY2016E FY2017E

Nifty Index MSCI EM Index

7.9

8.2

8.4

8.7

9.0

1 Year 2 Year 4 Year 5 Year 10 Year

GSec Indian AAA Corporate Bond

7.2%

7.5%

7.8%

8.2%

8.5%

1M 2M 3M 6 M 12M 2 Yr 3 Yr 5 Yr 7 Yr 10 Yr

Mid - Current Mid - One Month Back

Period ofAuction

Amount(Rs. Cr.)

Term of Security

01-Dec 2 ,000 8 .27% Government S tock 2020

6 ,000 8 .40% Government S tock 2024

3 ,000 9 .20% Government S tock 2030

3 ,000 New 30 y r Government S tock

Nov 24-28 14,000 5-9 Yrs for Rs. 2,000-3,000 crore

10-14 Yrs for Rs. 5,000-6,000 crore

15-19 Yrs for Rs. 2,000-3,000 crore

20 Yrs & Above for Rs. 3,000-4,000 crore


5/7

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DAILY DIGEST

Top 5 Contract Future Volumes

Top 5 Traded Stock Futures

Buy : Cairn Ltd CMP: 318

Nifty Option OI Distribution

DERIVATIVES

Open Interest Gainers Open Interest Losers

Nifty OI Vs Futures Price

Top 5 Traded Stock Options

Bottom 5 Contract Future Volumes

25 November 2014

Stock Open Interest(contracts)

OI Change(%)

Price(Rs.)

Price change(%)

JUBLFOOD 681,000 1657.4% 1450.10 -1.2%

IBREALEST 21,048,000 460.4% 81.40 1.6%

GMRINFRA 96,920,000 428.2% 20.25 -0.5%

POWERGRID 6,440,000 302.0% 141.70 -4.1%

JSWSTEEL 1,797,000 294.3% 1234.35 3.0%

Buy : Cairn Ltd CMP: 318Stock Open Interest(contracts)

OI Change(%)

Price(Rs.)

Price change(%)

IBREALEST 19,916,000 -41.4% 80.85 1.5%

HDIL 19,576,000 -29.0% 82.55 1.2%

M&MFIN 4,650,000 -28.1% 306.05 1.1%

AUROPHARMA 4,719,500 -27.9% 1116.70 0.1%

BAJAJ-AUTO 925,250 -27.4% 2682.20 0.1%

0

69,128

138,257

207,385

276,513

8200 8300 8400 8500 8600 8700 8800

Call OI Put OI

8316

8390

8463

8537

8611

670

743

817

891

965

1 2 - N o v

1 3 - N o v

1 4 - N o v

1 7 - N o v

1 8 - N o v

1 9 - N o v

2 0 - N o v

2 1 - N o v

2 4 - N o v

T h o u s a n

d s

Nifty Fut OI (LHS) Nifty Fut Price (RHS)

StockExpiry Date

No ofcontracts

traded

Contract value(Rs. Lacs)

LTP

SBIN 27-Nov-14 34,771 133,790 309

ICICIBANK 27-Nov-14 28,521 125,818 1774

INFY 27-Nov-14 21,603 114,729 4274

HDFCBANK 27-Nov-14 47,179 111,109 947

RELIANCE 27-Nov-14 37,432 92,644 988

StockExpiry

DateOption

TypeStrikeprice

No ofcontracts

traded

Contract value(Rs. Lacs)

LTP

INFY 27-Nov-14 CE 4,300 9,216 49,809 29.60

INFY 27-Nov-14 CE 4,250 5,331 28,591 52.30

SBIN 27-Nov-14 CE 310 6,494 25,405 2.85

INFY 27-Nov-14 PE 4,200 4,363 23,008 14.90

INFY 27-Nov-14 CE 4,200 4,148 22,109 85.55

Stock Expiry Date No of Contractstraded

Current CashVolume

CashDelivery %

HDFCBANK 27-Nov-14 47,179 1,829,215 5 1.7%

RELIANCE 27-Nov-14 37,432 2,840,424 61.4%

SBIN 27-Nov-14 34,771 18,631,463 50.9%

TATASTEEL 27-Nov-14 34,099 4,342,517 3 0.9%

ICICIBANK 27-Nov-14 28,521 2,468,761 47.3%

Stock Expiry Date No of Contractstraded

Current CashVolume

CashDelivery %

OFSS 27-Nov-14 96 86,114 95.4%

MRF 27-Nov-14 177 6,207 33.4%

MINDTREE 27-Nov-14 526 83,539 49.3%

EICHERMOT 27-Nov-14 564 27,138 29.2%

BATAINDIA 27-Nov-14 789 109,540 59.2%

NOTE: OI Gainers are for Dec 24, 2014 expiry, while OI Losers are for Nov 27, 2014 expiry


6/7

66

DAILY DIGEST

SUPPORT / RESISTANCE LEVEL

25 November 2014

Company Name Closing Price S3 S2 S1 Pivot R1 R2 R3Acc Ltd 1451.25 1418.00 1429.08 1440.17 1458.08 1469.17 1498.17 1527.17Ambuja Cements Ltd 230.05 219.70 223.15 226.60 228.75 232.20 237.80 243.40Asian Paints Ltd 691.10 666.60 674.77 682.93 688.87 697.03 711.13 725.23Axis Bank Ltd 478.15 468.05 471.42 474.78 478.67 482.03 489.28 496.53Bharti Airtel Ltd 399.45 388.00 391.82 395.63 399.92 403.73 411.83 419.93Bharat Heavy Electricals 257.65 245.10 249.28 253.47 256.33 260.52 267.57 274.62Bajaj Auto Ltd 2675.10 2603.00 2627.03 2651.07 2673.03 2697.07 2743.07 2789.07Bank Of Baroda 1040.25 1012.95 1022.05 1031.15 1043.50 1052.60 1074.05 1095.50Bharat Petroleum Corp Ltd 719.40 704.10 709.20 714.30 723.10 728.20 742.10 756.00Cairn India Ltd 274.25 263.20 266.88 270.57 274.23 277.92 285.27 292.62Cipla Ltd 618.15 600.60 606.45 612.30 622.15 628.00 643.70 659.40Coal India Ltd 347.30 339.10 341.83 344.57 347.23 349.97 355.37 360.77Dlf Ltd 147.50 131.50 136.83 142.17 145.28 150.62 159.07 167.52

Dr. Reddy'S Laboratories 3522.00 3455.85 3477.90 3499.95 3527.10 3549.15 3598.35 3647.55Gail India Ltd 475.30 457.10 463.17 469.23 475.07 481.13 493.03 504.93Grasim Industries Ltd 3526.10 3423.45 3457.67 3491.88 3536.27 3570.48 3649.08 3727.68Hcl Technologies Ltd 1673.25 1587.20 1615.88 1644.57 1667.03 1695.72 1746.87 1798.02Housing Development Finance 1136.70 1091.30 1106.43 1121.57 1133.78 1148.92 1176.27 1203.62Hdfc Bank Limited 945.20 906.20 919.20 932.20 941.10 954.10 976.00 997.90Hero Motocorp Ltd 3078.70 2968.75 3005.40 3042.05 3064.65 3101.30 3160.55 3219.80Hindalco Industries Ltd 165.65 155.90 159.15 162.40 165.20 168.45 174.50 180.55Hindustan Unilever Ltd 750.10 735.50 740.37 745.23 750.87 755.73 766.23 776.73Icici Bank Ltd 1773.30 1701.00 1725.10 1749.20 1764.10 1788.20 1827.20 1866.20Idfc Ltd 159.30 153.70 155.57 157.43 158.67 160.53 163.63 166.73Indusind Bank Ltd 720.45 704.00 709.48 714.97 721.58 727.07 739.17 751.27Infosys Ltd 4275.10 4102.25 4159.87 4217.48 4249.57 4307.18 4396.88 4486.58Itc Ltd 374.95 368.05 370.35 372.65 374.30 376.60 380.55 384.50Jindal Steel & Power Ltd 149.00 137.70 141.47 145.23 148.37 152.13 159.03 165.93Kotak Mahindra Bank Ltd 1199.75 1138.05 1158.62 1179.18 1196.57 1217.13 1255.08 1293.03Lupin Ltd 1473.30 1422.50 1439.43 1456.37 1475.68 1492.62 1528.87 1565.12Larsen & Toubro Ltd 1669.85 1616.65 1634.38 1652.12 1667.03 1684.77 1717.42 1750.07Mahindra & Mahindra Ltd 1250.65 1201.60 1217.95 1234.30 1245.65 1262.00 1289.70 1317.40Maruti Suzuki India Ltd 3353.10 3304.90 3320.97 3337.03 3350.07 3366.13 3395.23 3424.33Nmdc Ltd 146.00 140.40 142.27 144.13 147.02 148.88 153.63 158.38Ntpc Ltd 143.05 140.35 141.25 142.15 142.90 143.80 145.45 147.10Oil & Natural Gas Corp Ltd 380.90 369.90 373.57 377.23 382.02 385.68 394.13 402.58Punjab National Bank 986.35 955.40 965.72 976.03 984.92 995.23 1014.43 1033.63Power Grid Corp Of India Ltd 142.45 136.90 138.75 140.60 143.05 144.90 149.20 153.50

Reliance Industries Ltd 985.35 959.25 967.95 976.65 990.40 999.10 1021.55 1044.00State Bank Of India 308.85 302.25 304.45 306.65 308.25 310.45 314.25 318.05Sesa Sterlite Ltd 235.80 223.95 227.90 231.85 238.55 242.50 253.15 263.80Sun Pharmaceutical Indus 835.80 813.00 820.60 828.20 840.95 848.55 868.90 889.25Tata Steel Ltd 476.60 461.20 466.33 471.47 475.63 480.77 490.07 499.37Tata Consultancy Svcs Ltd 2657.70 2579.00 2605.23 2631.47 2648.23 2674.47 2717.47 2760.47Tata Power Co Ltd 91.80 84.40 86.87 89.33 90.67 93.13 96.93 100.73Tata Motors Ltd 526.40 511.35 516.37 521.38 530.02 535.03 548.68 562.33Tech Mahindra Ltd 2661.30 2601.95 2621.73 2641.52 2667.13 2686.92 2732.32 2777.72Ultratech Cement Ltd 2522.10 2406.45 2445.00 2483.55 2513.75 2552.30 2621.05 2689.80Wipro Ltd 579.35 561.75 567.62 573.48 578.07 583.93 594.38 604.83Zee Entertainment Enterprise 385.35 363.20 370.58 377.97 382.48 389.87 401.77 413.67


7/7

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DAILY DIGEST

In the preparation of the material contained in this document, Destimoney* has used information that is publicly available, as also data developed in-house. Someof the material used in the document may have been obtained from members/persons other than Destimoney and which may have been made available toDestimoney. Information gathered & material used in this document is believed to be from reliable sources. Destimoney has not independently verified all theinformation and opinions given in this material. Accordingly, no representation or warranty, express or implied, is made as to the accuracy, authenticity,completeness or fairness of the information and opinions contained in this material. For data reference to any third party in this material no such party will assumeany liability for the same.Destimoney group companies provides finance related product services like distribution of financial products, Portfolio Management Strategies and as such is aprovider of many services like loans, mutual funds, tax & trust planning etc. mentioned in this brochure. And hence Destimoney do not warranty / guarantee aboutperformance of any products and customer servicing w.r.t third party products per se.Third party products are subject to code of conduct to be adhered to by the representatives of Destimoney and Destimoney is not responsible for the losses, whetheractual or notional incurred by any investor.Services assured and expected may vary from actual service and Destimoney does not guarantee about the quality of services. Investments in securities andcommodities are subject to market and other risks and there is no assurance or guarantee that the objectives of any of the Investments/Schemes/product would beachieved. Past performances are only indicative and returns are not assured and guaranteed by Destimoney group companies.The recipient alone shall be fully responsible, and/or liable for any decision taken on the basis of this material.Destimoney does not in any way through this material solicit or offer for purchase or sale of any financial services, commodities, products dealt in this material.

Destimoney and any of its officers, directors, personnel and employees, shall not be liable for any loss or damage of any nature, including but not limited to direct,indirect, punitive, special, exemplary, and consequential, as also any loss of profit in any way arising from the use of this material in any manner. The recipientalone shall be fully responsible, and/or liable for any decision taken on the basis of this material. All recipients of this material before dealing and/or transacting inany of the products advised, opined or referred to in this material shall make their own investigation, seek appropriate professional advice and make their ownindependent decision. Clients are advised to assess their risk profile/ appetite ** before acting on any information contained in this document. Investors should alsorefer to risk tag and compare it with is own risk appetite before taking any investment decision.Information/ opinion conveyed through this document is strictly meant for the registered Clients of Destimoney group of Companies of the respective segments. Thisinformation is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law orregulation or which would subject Destimoney or its affiliates to any registration requirement within such jurisdiction or country. This information does not constitutean offer to sell or a solicitation of an offer to buy any financial products to any person in any jurisdiction where it is unlawful to make such an offer or solicitation.No part of this material may be duplicated in whole or in part in any form and / or redistributed without the prior written consent of Destimoney. This material isstrictly confidential to the recipient and should not be reproduced or disseminated to anyone else.

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Destimoney Securities Private Limited

E-mail : [email protected]

25 November 2014

635525032288459684_equity_daily_digest_1125201490440am

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