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MSFL Research

Retail Business Group, MSFL, CIN : U65910GJ1992PLC017544

Marwadi Financial Plaza, Nana Mava Main Road Rajkot.

Tel + 91 281 6192818/816/817 www.marwadionline.com

Daily Market Preview

Sensex 337940.30 (0.55%) Nifty 10493.00 (0.50%) Tuesday, Dec 26 2017

F&O Picks HEXAWARE(336.35) Covered Call Strategy Outlook : Positive Payoff

Increase in price couple with decrease in open interest indicates Short Covering of position. The stock is expected to test 350 on daily chart.

Maximum profit is 15.35 at or above 350 levels while loss is restricted to 7.65 at stop loss level.

Strategy – Covered Call strategy Logic Buy a Dec Future @ 336.35 Write a Dec 350 Call @ 1.70 Keep stoploss of 327

Buying a Future alllow one to gain in the Up side move while writing an OTM Call reduces cost of strategy.

F&O - Long buildup / Short covering F&O - Short buildup / Long square up

Stocks Price Change O I change

Stocks Price Change O I change

(`) (%) (shares in Lacs) (%) (`) (%) (shares in Lacs) (%)

RNAVAL 43.25 8.67 3.96 2.80 IFCI 27.20 -5.88 -140.36 -16.38

ALBK 77.45 4.24 1.70 1.32 CANFINHOME 497.30 -2.69 -2.36 -5.51

MINDTREE 601.05 4.10 1.70 10.56 WOCKPHARMA 874.80 -2.30 -5.20 -14.31

VGUARD 239.10 2.42 4.26 14.73 BALRAMCHIN 139.35 -2.18 -14.10 -7.73

PIDILITIND 947.65 2.12 0.54 5.15 IDBI 59.70 -2.13 -10.40 -4.90

Stock CMP Support Next

Target (Down)

Resistance

Next Target (Up)

Intra-Day View

Recommendation

ONGC 193.4 191 189 196 198 Positive

Morning star kind of pattern with average volume action on daily chart indicates strength in a counter. Stock is forming rounding bottom pattern. Stock is trading above all moving averages. RSI has seen with positive sign. buy with sl.

CDSL 366 363 360 369 372 Positive

Doji morning star with above average volume action indicates strength in a counter. Moreover stock has given breakout of descending channel pattern and sustain above it.RSI and SO have seen in positive zone. buy with sl.

BALRAMCHIN 139.35 137 135 141.5 143 Negative

Three black crow followed by big white candle on daily chart indicates weakness. Additionally, it has broken support of all moving averages and given close below it. However, RSI has seen near to oversold zone. so, sell with sl.

Market Indicators Nifty -Techni Views . . .

A/D Ratio (NSE) vvv

26 2 9

2017

16 23 30 6

February

13 20 27 6

March

14 20 27 3 10

April

17 24 2

May

8 15 22 29 5

June

12 19 27 3

July

10 17 24 31 7

August

14 21 28 4 11

September

18 25 3 9

October

16 23 30 6 13

November

20 27 4 11

December

18 25 1 8

2018

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60000

x10000

Volume (143,119,168)

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10700* NIFTY 50 (10,457.30, 10,501.10, 10,448.25, 10,493.00, +52.7002)

FII-Cash (mln)

F&O (mln)

Domestic (mln)

PCR

Crude Nymex

Copper

Aluminum

BDI

CBOE VIX

10 year yields

DXY

Supp. Resist Pivot A white candles followed by couple of small candle on daily chart with the average

volume action indicate probable breakout of consolidation in the market. Though we

recommend to trade in long position with the stock specific approach for the day.

I 10460 10513 10481

II 10428 10534 10530

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MSFL Research

Retail Business Group, MSFL Marwadi Financial Plaza, Nana Mava Main Road Rajkot.

Tel + 91 281 6192816/7/8 www.marwadionline.com

Derivative Strategy Stock HEXAWARE Lot Size/Expiry Date :

3000/28 Dec 2017

Outlook : Moderately Bullish

Strategy : Covered Call Strategy

Stock Price Exercise Price

Stop loss

Break Even

Maximum Profit

336.35 Buy a Dec Future @ 336.35

Write(Sell) a Dec 350 Call @ 1.70

327 334.65 15.35 at or above 350

levels

Option Observation

The stock has

witnessed the

increased of

2.87% in price

with decrease of

9.14% in open

interest suggests

short covering of

position.

Strike Price Buy a Future Write a 350 Call Net Pay Off

327 -9.35 1.7 -7.65 330 -6.35 1.7 -4.65

335 -1.35 1.7 0.35

340 3.65 1.7 5.35

345 8.65 1.7 10.35

350 13.65 1.7 15.35 355 18.65 -3.3 15.35

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MSFL Research

Retail Business Group, MSFL Marwadi Financial Plaza, Nana Mava Main Road Rajkot.

Tel + 91 281 6192816/7/8 www.marwadionline.com

Corporate Upddate

Indian Renewable Energy Development Agency gets ‘In-principle’ approval from

BSE & NSE for listing of equity shares.

Welspun Corp wins order to supply 124k MT pipes.

Coromandel International acquires bio Pesticides business of EID Parry for Rs 338

crore.

Power Mech is going to incorporate a 50% JV Company along with Skipper T&D

in DMCC (Dubai multi commodities centre), Dubai to support its international

operations.

BHEL bags Rs 672 crore order for electrics for 25 kV Mainline EMU Trains.

Corporation Bank approves raising of Rs 6500 crore by various means.

Tata Power wins mining license project in Kamchatka, Far East Russia.

Birla, Piramal-Bain, Shree line up to buy Binani Cement.

Cummins may buy Kirloskar Oil Engines.

Suzlon to sell its stake in Shanay and Saroja to Skeiron renewable energy for Rs

280 crore.

GVK Power unit wins bid for 17,06,300 tonns coal SEBI revokes shell company

status on Prakash Industries.

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MSFL Research

Retail Business Group, MSFL, CIN : U65910GJ1992PLC017544

Marwadi Financial Plaza, Nana Mava Main Road Rajkot.

Tel + 91 281 6192816/817/818 /833 www.marwadionline.com

Daily Technical Report

Dec 26, 2017

Exhibit : BankNifty Daily Charts

26 2 9

2017

16 23 30 6 13

February

20 27 6

March

14 20 27 3 10

April

17 24 2

May

8 15 22 29 5

June

12 19 27 3

July

10 17 24 31 7

August

14 21 28 4 11

September

18 25 3 9

October

16 23 30 6 13

November

20 27 4 11

December

18 25 1 8

2018

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* NIFTY BANK (25,615.60, 25,694.50, 25,560.50, 25,648.55, +94.2500)

A couple of small doji candle on daily chart indicates

some sort of consolidation in the market. On weekly

front, it has a formed big white candle followed by

kind of dragonfly doji which indicates positive

momentum. Momentum indicators RSI and SO have

given positive crossover. So, we recommend to buy

adopt buy on dips strategy.

Index View Support Resistance

Bank Nifty Consolidati

on

25455 25820

Counters Close Support Levels Resistance Levels

I II III IV V I II III IV V

Sensex 33940 33817 33694 33498 33301 33105 34014 34087 34284 34480 34677

Nifty(F) 10505 10469 10433 10375 10316 10257 10528 10551 10609 10668 10727

Nifty(C) 10493 10460 10428 10375 10322 10269 10513 10534 10586 10639 10692

Axis bank 554 549 544 536 529 521 557 560 567 575 583

Bharti 529 522 515 499 484 468 537 546 561 577 592

REC 157 156 155 153 152 150 158 159 160 162 164

L&T 1266 1256 1246 1229 1212 1195 1273 1280 1297 1314 1331

ICICI Bank 317 314 311 306 300 295 319 322 327 333 338

Reliance 920 912 904 891 878 865 925 930 944 957 970

Titan 857 851 845 830 816 801 866 874 889 904 919

SBI 320 316 313 305 298 291 324 327 335 342 349

TCS 2647 2603 2560 2486 2413 2339 2677 2707 2781 2855 2928

Tata Motor 422 420 418 412 407 401 425 429 434 440 445

Tata Steel 711 707 702 692 683 673 716 721 731 741 751

Voltas 659 647 635 614 592 570 669 679 701 723 745

Infosys 1039 1022 1005 976 947 918 1051 1062 1091 1120 1149

Maruti 9700 9595 9490 9270 9051 8831 9815 9930 10150 10369 10589

Bajaj Auto 3329 3270 3212 3109 3007 2904 3373 3417 3519 3622 3724

[Type text]

MSFL Research

Retail Business Group, MSFL, CIN : U65910GJ1992PLC017544 Marwadi Financial Plaza, Nana Mava Main Road Rajkot.

Tel + 91 281 6192818/817/816/833 www.marwadionline.com

F&O Top Pick Dec 26, 2017

Stock Intra view Support Resistance

26 2 9

2017

16 23 30 6

February

13 20 27 6

March

14 20 27 3 10

April

17 24 2

May

8 15 22 29 5

June

12 19 27 3

July

10 17 24 31 7

August

14 21 28 4 11

September

18 25 3 9

October

16 23 30 6 13

November

20 27 4 11

December

18 25 1 8

2018

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DCB BANK - 1 MONTH (193.000, 197.250, 192.900, 195.550, +2.55000)

DCBBANK Buy with sl

(195.55)

192 199

189 202

Green candle followed by couple of red

candle indicates strength in a counter. 7

DEMA acted as a strong support for counter.

Selected momentum indicator RSI has given

posit ive crossover. So we recommend to Buy

with sl.

Stock Intra view Support Resistance

26 2 9

2017

16 23 30 6

February

13 20 27 6

March

14 20 27 3 10

April

17 24 2

May

8 15 22 29 5

June

12 19 27 3

July

10 17 24 31 7

August

14 21 28 4 11

September

18 25 3 9

October

16 23 30 6 13

November

20 27 4 11

December

18 25 1 8

2018

10000

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40000

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x100

Volume (1,832,832)

21002110212021302140215021602170218021902200221022202230224022502260227022802290230023102320233023402350236023702380239024002410242024302440245024602470248024902500251025202530254025502560257025802590260026102620263026402650266026702680269027002710272027302740275027602770278027902800281028202830TCS (2,604.00, 2,663.90, 2,590.20, 2,646.75, +51.0500)

TCS Buy with sl

(2647.20)

2625 2657

2604 2679

Big green candle followed by couple of

small candle with above average volume

action on daily chart indicates strength in a

counter. Daily momentum indicator RSI has

given positive crossover. Therefore we

suggest Buy with sl.

Stock Intra view Support Resistance

26 2 9

2017

16 23 30 6

February

13 20 27 6

March

14 20 27 3 10

April

17 24 2

May

8 15 22 29 5

June

12 19 27 3

July

10 17 24 31 7

August

14 21 28 4 11

September

18 25 3 9

October

16 23 30 6 13

November

20 27 4 11

December

18 25 1 8

2018

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340COAL INDIA - 1 MONTH (269.550, 269.550, 265.500, 266.450, -2.09998)

COALINDIA Sell with sl

(266.45)

262 270

258 274

A couple of black candle with above average

volume on daily chart indicates weakness.

Moreover, it has, formed declining channel

pattern.200 DEMA is acting as strong

resistance. RSI has seen with negative

Crossover. sell with sl.

[Type text]

MSFL Research

Retail Business Group, MSFL, CIN : U65910GJ1992PLC017544 Marwadi Financial Plaza, Nana Mava Main Road Rajkot.

Tel + 91 281 6192816/817/818 www.marwadionline.com

Scrip Name Industry Meeting Purpose

ARVSMART Realty Preferential Issue of shares

BGPL Paper & Paper Products General

CANBK Banks General

ETIL Finance (including NBFCs) General

HANUNG Furniture Furnishing Paints General

INSOE IT Consulting & Software General

PIDILITIND Specialty Chemicals Buy Back of Shares

PSB Banks General

RAPIDIN Misc.Commercial Services General

RELICTEC Other Financial Services General

TATIAGLOB Other Apparels & Accessories General

Scrip Code Scrip Name Ex-Date Actions

531543 JINDWORLD 26-Dec-17 Stock Split From Rs.10/- to Rs.5/-

504340 CONFINT 27-Dec-17 Consolidation of Shares

509874 SHALPAINTS 28-Dec-17 Right Issue of Equity Shares

Board Meetings (26.12.2017)

Corporate Action

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MSFL Research

MSFL Disclaimer: All information/opinion contained/expressed herein above by MSFL has been based upon information available to the public and the sources, we believe, to be reliable, but we do not make any representation or warranty as to its accuracy, completeness or correctness. Neither MSFL nor any of its employees shall be in any way responsible for the contents. Opinions expressed are subject to change without notice. This document does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. This document is for the information of the addressees only and is not to be taken in substitution for the exercise of judgment by the addressees. All information contained herein above must be construed solely as statements of opinion of MSFL at a particular point of time based on the information as mentioned above and MSFL shall not be liable for any losses incurred by users from any use of this publication or its contents. "For information only, not solicitation to trade, refer website disclaimer before trading"

Analyst Declaration: We, MSFL Research Team, hereby certify that the views expressed in this report are purely our views taken in an unbiased manner out of information available to the public and believing it to be reliable. No part of our compensation is or was or in future will be linked to specific view/s or recommendation(s) expressed by us in this research report. All the views expressed herewith are our personal views on all the aspects covered in this report.

MSFL Investment Rating: The ratings below have been prescribed on a potential returns basis with a timeline of up to 12 months. At times, the same may fall out of the price range due to market price movements and/or volatility in the short term. The same shall be reviewed from time to time by MSFL. The addressee(s) decision to buy or sell a security should be based upon his/her personal investment objectives and should be made only after evaluating the stocks’ expected performance and associated risks.

SEBI Registration No.: INH000002186 Key ratings: Rating Expected Return Buy > 15% Accumulate 5 to 15% Hold - 5 to 5% Sell < - 5% Not Rated -

Marwadi Shares & Finance Limited

Registered Office Marwadi Financial Plaza, Nana Mava Main Road, Off. 150 Ft. Ring Road, Rajkot – 360 005. Tel : +91 281 6192833 / 818 / 817 / 816