MARKET-HUB

After losing more than 4 percent in

the Budget week, the Indian markets

registered a V-shape recovery in the

post Budget rally amid positive global

cues, falling oil prices, earnings from

India Inc and inline Reserve Bank of

India's Monetary Committee

Policy.The market ended on a positive

note for the first four days of the

week, while with profit booking on

February 7 dragged the Nifty below

12,100 level.

Reliance Infrastructure: Vanguard

Energy Fund sold 20,89,713 shares of

the company for Rs 4.6 crore in a bulk

deal on NSE on February 6.

Indiabulls Housing Finance: Credit

Suisse Singapore sold 40,21,973

shares of the company for Rs 127.1

crore in a bulk deal on NSE on

February 6.

Wipro: Company bagged multi-year

strategic IT deal from Marelli.

Adani Enterprises - Airbus signs

aircraft services MoU with Adani

Defence & Aerospace

Bharti Airtel - DOT has conveyed that

the schemes of arrangement w.r.t.

demerger of consumer mobile

business of Tata Teleservices

(Maharashtra) and Tata Teleservices

have been taken on record

BEML Unveils Latest Products at

DEFEXPO 2020

Adani Transmission's subsidiary

Adani Electricity Mumbai has priced

the issuance of USD 1 billion 10Y

senior secured notes

Minda Industries approved the Draft

Scheme of Amalgamation of Minda

iConnect with the company

Aurobindo Pharma: Q3 profit dips 1

percent to Rs 705.3 cr, revenue rises

11.9 percent to Rs 5,895 cr YoY.

United Bank Q3: Net profit at Rs

113.6 crore versus loss of Rs 1,139.3

crore, NII at Rs 819.4 crore versus Rs

380 crore, YoY

US stocks gained for a fourth straight

session on Thursday and Wall Street's

main indexes hit record highs as

concerns eased over the economic

fallout from the coronavirus outbreak

in China.

Shares of Eicher Motors fell almost 4

percent in morning trade on the BSE

on February 7 a day after the

company had reported a 2.5 percent

decline in its third-quarter standalone

net profit at Rs 488.9 crore.

The market cap of state-run Indian

Railway Catering & Tourism

Corporation (IRCTC) has zoomed

past that of its private competitor

MakeMyTrip during the last week.

Data shows that histoically, the

market cap of the NASDAQ-listed

MakeMyTrip, currently at about USD

2.45 billion (or Rs 17,395 crore), has

been higher than that of IRCTC.

NEWS LETTER

Beyond Research,

Beyond Advice

8th February 2020

Issue – 385

Market News

MARKET-HUB

Results & Corporate Action

MARKET-HUB

Nifty Spot in Last Week:-

As we saw the Price Movement in Nifty Spot in last week that In Upside is

12,160.60 and in Downside 11,614.50.

Nifty Spot in Upcoming Week:-

There is strong Resistance is 12,222 if not close above this level then we will see sell

on rise down side target 12,000 to 11,950 if close above 12,222 then we will new

upside rally 12,500 possibility.

Bank Nifty in Upcoming week:-

There is strong support is 30,500 if not close below this level then we will see upside

target 31,500 to 31,700 level possibility.

Market Technical

Page: - 2

BANKNIFTY WEEKLY CHART

NIFTY WEEKLY CHART

Recommendation for next week

MARKET-HUB

COPPER: - Sell on rise with stop loss 452 down

side target will be 418 possibilities, down side 418

level strong support.

CRUDEOIL: - Buy in deep with stop loss

3,510 upside target will be 3,750 to 3,850

possibilities.

.

.

SILVER: - Buy in deep around 45,200

levels with stop loss 44,100 upside target will

be 47,100 to 47,800 possibilities.

GOLD: - Sell on rise with stop loss 41,100

down side target will be 40,000 possibilities.

Commodity Market

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Currency

FUT

LEVEL

DEMAND

ZONE

LEVEL

CLOSE SUPPLY

ZONE

LEVEL

D2 D1 S1 S2

USDINR 71.00 71.20 71.25 71.80 72.20

GBPINR 91.80 92.17 92.55 92.80 93.13

EURINR 77.80 78.20 78.47 78.78 79.00

JPYINR 64.30 64.66 65.21 65.44 65.93

USDINR: - Investors can buy on deep with stop

loss of 71.00 upside target will be 71.80 to 72.00

possibility, sell on rise with sl 72.20 target will be

71.00 possibility.

GBPINR: - Investors can buy in deep with

stop loss of 91.80 upside target will be 93.50

to 94.00 possibilities.

EURINR Investors can sell on rise with

stop loss of 79.40 down side target will be

77.82 possibility.

.

JPYINR: Investors can buy in deep

with stop loss of 64.00 upside target will

be 65.70 possibilities.

-

Currency Market (Future Levels)

MARKET-HUB

Premium / Discount

(USD/ INR) Based on

Forward Rates

Duration Premium

One

month

Forward

0.22

Three

month

Forward

0.42

Six

month

1.22

One year 2.63

RBI reference Rates

Currenc

y

Rates

USD 71.26

GBP 92.52

Euro 78.38

100 Yen 64.82

Currency Corner

MARKET-HUB

How to pick quality stocks using the CANSLIM strategy:

There are many approaches to the investment. For lay man it is difficult to

understand and practice many of such approaches. In that reference it is

important to have an approach which is easy and effective. CANSLIM is

one of them. The detail as appeared on Economic Times is presented here

(Read more at:

https://economictimes.indiatimes.com/wealth/invest/how-to-pick-quality-stocks-using-the-can-

slimtrategy/articleshow/57957480.cms?utm_source=contentofinterest&utm_medium=text&utm_campaig

n=cppst).

With the market hitting new highs, picking stocks has become even more

difficult. Investors also face the eternal dilemma: should they go by the

fundamentals of a company or decide on the basis of technical factors that

help time the market? Putting the two together, say experts, can be a

winning strategy.

“A combination of the two works better. Fundamentals give the conviction

to hold the stock, and technicals provide attractive entry and exit points,”

says A.K. Prabhakar, Head of Research at IDBI Capital Markets. If you

are wondering about how to combine the two approaches, the CAN SLIM

methodology is just the thing for you.

Developed by investor William O’Neil, CAN SLIM is a techno-

fundamental strategy that helps picks quality stocks. This strategy focuses

on companies that show acceleration in earnings because of innovation

and suggests buying them before the stock price witnesses a major spike,”

says Anupam Singhi, Chief Operating Officer, and William O’Neil India

(see graphic). For investors who cannot hold stocks for an extended

period—more than five years—techno-fundamental strategy promises

potentially better returns.

Page: - 3

MARKET-HUB

How the CAN SLIM method works

Focus on both a firm’s fundamentals and market technicals helps pick

quality stocks.

C: Current quarterly earnings of a firm

Growth of at least 25% is a good starting point. Also, look at earnings

acceleration over the last three quarters.

A: Annual earnings growth

Look for annual earnings and sales growth of at least 25% for the past

three years and a return on equity of more than 17%.

N: New product, service or management

The biggest winners of the past had one thing in common: New products,

new services, new leadership, new pricing or a new condition in the

industry.

S: Supply and demandLook for heavy-volume accumulation by

institutional investors, particularly at key moments like when the stock is

breaking above prior resistance levels.

L: Leader or laggard

Buy leading stocks from the leading industry groups.

I: Institutional sponsorship

For a stock to be a top performer, it must have institutional support to fuel

its price movement.

M: Market direction

Three out of four stocks follow the market’s trend, so trade in sync with

the market.

Since its inception three years ago, MarketSmith India Performance Index,

part of William O’Neil India, has been growing at a CAGR (compound

annual growth rate) of 22%. The Nifty has grown by 11% during the same

period—24 March 2014 to 24 March 2017. Like William O’Neil India,

other brokerages, who have relied on techno-fundamental strategies, have

also done well.

CAN SLIM methodology not only helps you pick stocks that have a

greater possibility of seeing a price appreciation, it can help you stop loss

MARKET-HUB

in case a company’s fortunes take a turn for the worse—as was the case

with Satyam. “As advised by CAN SLIM method, cutting losses at 8% can

help investors protect their capital from a huge loss,” says Singhi.

If you want to book profits, especially when a stock you own is up more

than 20% in just a few weeks, but are unsure whether or not to sell, CAN

SLIM can help you make the decision. If the stock is still being bought by

institutional investors, there’s a possibility of further upside to it. In such a

case, say experts, hold it for at least eight weeks, before you decide to sell

it.