support 9850 market lens - business standardbsmedia.business-standard.com/_media/bs/.../2017... ·...

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NIFTY 9913 IN FOCUS Support 9850 9800 Resistance 9980 10030 Stock in Focus COAL INDIA Positional Pick YES BANK Intraday Pick PC JEWELLER Intraday Pick BERGER PAINTS INDIA Institutional Equity Research MARKET LENS September 05, 2017 1 Exchange Rs Crore BSE Equity 3,396.7 BSE Derivatives 0.07 NSE Equity 24,830.7 NSE Derivatives 4,69,922.2 Indices Absolute Change Percentage Change Domestic Last Trade Change 1-D 1-Mth YTD BSE Sensex 31,702.3 (190.0) -0.6% -1.9% 19.1% CNX Nifty 9,912.9 (61.5) -0.6% -1.5% 21.1% S&P CNX 500 8,700.4 (54.9) -0.6% -0.9% 24.6% SENSEX 50 10,295.8 (67.3) -0.7% -1.5% 22.2% International Last Trade Change 1-D 1-Mth YTD DJIA 21,987.6 39.5 0.2% -0.5% 11.3% NASDAQ 6,435.3 6.7 0.1% 1.3% 19.5% NIKKEI 19,448.8 (59.5) -0.3% -2.5% 1.7% HANGSENG 27,762.0 21.8 0.1% 0.7% 26.2% MSCI Emerging Mkts 1,083.3 (8.0) -0.7% 1.5% 25.6% Last Trade Change 1-D 1-Mth YTD Dr. Reddy’s Lab (ADR) 34.7 2.5 7.7% 0.3% -23.4% Tata Motors (ADR) 30.5 0.7 2.3% -12.3% -11.2% Infosys (ADR) 14.8 (0.2) -1.1% -5.3% 0.1% ICICI Bank (ADR) 9.4 0.0 0.3% 1.7% 38.1% HDFC Bank (ADR) 97.4 (0.0) 0.0% 0.0% 60.5% Axis Bank (GDR) 39.3 0.0 0.0% -1.3% 19.8% Reliance Ind (GDR) 50.2 0.4 0.7% -0.6% 59.1% ADRs / GDRs Key Commodities Last Trade Change 1-D 1-Mth YTD Brent Crude ($/bl) 52.2 (0.2) -0.4% -0.5% -8.2% Silver ($/Oz) 17.9 (0.0) -0.2% 10.1% 12.5% Gold ($/Oz) 1,337.7 3.8 0.3% 6.3% 16.6% Copper LME ($/MT) 6,886.8 82.3 1.2% 8.5% 24.7% Aluminium LME ($/MT) 2,097.5 (18.5) -0.9% 11.0% 23.1% Baltic Dry 1,183.0 (1.0) -0.1% 14.6% 23.1% COMMODITY MARKET Last Trade Change 1-D 1-Mth YTD USD/INR 64.1 64.0 0.0% 0.7% -5.7% EUR/INR 76.3 76.3 0.0% 1.1% 6.4% CURRENCY RATES Last Trade Change 1-D 1-Mth YTD T-Bill - 91 D 6.1 6.1 0.2% 0.1% -1.6% 10 Year G-sec Yield 6.5 6.5 0.2% 0.9% -0.3% RATES Category BUY SELL NET Prev FII 2,203.3 3,077.2 -873.9 -832.8 DII 1,883.0 1,932.1 -49.1 731.7 INVESTMENT ACTIVITY (RS. CR) EXCHANGE TURNOVER YES BANK LTD (PREVIOUS CLOSE: 1,764) BUY Fresh long position can be initiated at Rs1,755 for the target of Rs1,860 with a strict stop loss of Rs1,690. Positional Pick STOCK IN FOCUS EQUITY INDICES Intraday Picks PC JEWELLER LTD (PREVIOUS CLOSE: 356) BUY For today’s trade, long position can be initiated at around Rs352 for the target of Rs362-366 with a strict stop loss of Rs347. BERGER PAINTS INDIA LTD (PREVIOUS CLOSE: 245) SELL For today’s trade, short position can be initiated at around Rs247 for the target of Rs240-236 with a strict stop loss of Rs252. f We believe that CIL’s current stock price has discounted decline in e-auction coal prices. We expect volume and realisations to recover in FY18E. Moreover, valuations of 11.5x FY19E EPS seem to be inexpensive. f Improvement in the policy environment and infrastructure spend coupled with manufacturing activities will aid in reviving the demand environment for the power sector thereby higher coal demand f We believe that likely improvement in off-take from FY18E onwards and improving e-auction realisations augur well for CIL. Further, as full impact of grade slippage seems to be over in FY17, we believe that the FSA realisations will recover, going forward. f In our view, CIL is a good defensive play with estimated dividend of Rs16/share in FY18, which translates into dividend yield of ~6.5% at CMP. f We reiterate our BUY recommendation on the stock with a Target Price of Rs301

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Page 1: Support 9850 MARKET LENS - Business Standardbsmedia.business-standard.com/_media/bs/.../2017... · September 05, 2017 2 MARKET SYNOPSIS f Yesterday, NSE-NIFTY remained in the tremendous

NIFTY 9913 IN FOCUS

Support 9850

9800

Resistance 9980

10030

Stock in Focus COAL INDIA

Positional Pick YES BANK

Intraday Pick PC JEWELLER

Intraday Pick BERGER PAINTS INDIA

Institutional Equity Research

MARKET LENS

September 05, 2017

1

Exchange Rs Crore

BSE Equity 3,396.7

BSE Derivatives 0.07

NSE Equity 24,830.7

NSE Derivatives 4,69,922.2

Indices Absolute Change Percentage Change

Domestic Last Trade Change 1-D 1-Mth YTD

BSE Sensex 31,702.3 (190.0) -0.6% -1.9% 19.1%

CNX Nifty 9,912.9 (61.5) -0.6% -1.5% 21.1%

S&P CNX 500 8,700.4 (54.9) -0.6% -0.9% 24.6%

SENSEX 50 10,295.8 (67.3) -0.7% -1.5% 22.2%

International Last Trade Change 1-D 1-Mth YTD

DJIA 21,987.6 39.5 0.2% -0.5% 11.3%

NASDAQ 6,435.3 6.7 0.1% 1.3% 19.5%

NIKKEI 19,448.8 (59.5) -0.3% -2.5% 1.7%

HANGSENG 27,762.0 21.8 0.1% 0.7% 26.2%

MSCI Emerging Mkts 1,083.3 (8.0) -0.7% 1.5% 25.6%

Last Trade Change 1-D 1-Mth YTD

Dr. Reddy’s Lab (ADR) 34.7 2.5 7.7% 0.3% -23.4%

Tata Motors (ADR) 30.5 0.7 2.3% -12.3% -11.2%

Infosys (ADR) 14.8 (0.2) -1.1% -5.3% 0.1%

ICICI Bank (ADR) 9.4 0.0 0.3% 1.7% 38.1%

HDFC Bank (ADR) 97.4 (0.0) 0.0% 0.0% 60.5%

Axis Bank (GDR) 39.3 0.0 0.0% -1.3% 19.8%

Reliance Ind (GDR) 50.2 0.4 0.7% -0.6% 59.1%

ADRs / GDRs

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

Brent Crude ($/bl) 52.2 (0.2) -0.4% -0.5% -8.2%

Silver ($/Oz) 17.9 (0.0) -0.2% 10.1% 12.5%

Gold ($/Oz) 1,337.7 3.8 0.3% 6.3% 16.6%

Copper LME ($/MT) 6,886.8 82.3 1.2% 8.5% 24.7%

Aluminium LME ($/MT) 2,097.5 (18.5) -0.9% 11.0% 23.1%

Baltic Dry 1,183.0 (1.0) -0.1% 14.6% 23.1%

COMMODITY MARKET

Last Trade Change 1-D 1-Mth YTD

USD/INR 64.1 64.0 0.0% 0.7% -5.7%

EUR/INR 76.3 76.3 0.0% 1.1% 6.4%

CURRENCY RATES

Last Trade Change 1-D 1-Mth YTD

T-Bill - 91 D 6.1 6.1 0.2% 0.1% -1.6%

10 Year G-sec Yield 6.5 6.5 0.2% 0.9% -0.3%

RATES

Category BUY SELL NET Prev

FII 2,203.3 3,077.2 -873.9 -832.8

DII 1,883.0 1,932.1 -49.1 731.7

INVESTMENT ACTIVITY (RS. CR)

EXCHANGE TURNOVER

YES BANK LTD (PREVIOUS CLOSE: 1,764) BUYFresh long position can be initiated at Rs1,755 for the target of Rs1,860 with a strict stop loss of Rs1,690.

Positional Pick

STOCK IN FOCUS

EQUITY INDICES

Intraday Picks

PC JEWELLER LTD (PREVIOUS CLOSE: 356) BUYFor today’s trade, long position can be initiated at around Rs352 for the target of Rs362-366 with a strict stop loss of Rs347.

BERGER PAINTS INDIA LTD (PREVIOUS CLOSE: 245) SELLFor today’s trade, short position can be initiated at around Rs247 for the target of Rs240-236 with a strict stop loss of Rs252.

f We believe that CIL’s current stock price has discounted decline in e-auction coal prices. We expect volume and realisations to recover in FY18E. Moreover, valuations of 11.5x FY19E EPS seem to be inexpensive.

f Improvement in the policy environment and infrastructure spend coupled with manufacturing activities will aid in reviving the demand environment for the power sector thereby higher coal demand

f We believe that likely improvement in off-take from FY18E onwards and improving e-auction realisations augur well for CIL. Further, as full impact of grade slippage seems to be over in FY17, we believe that the FSA realisations will recover, going forward.

f In our view, CIL is a good defensive play with estimated dividend of Rs16/share in FY18, which translates into dividend yield of ~6.5% at CMP.

f We reiterate our BUY recommendation on the stock with a Target Price of Rs301

Page 2: Support 9850 MARKET LENS - Business Standardbsmedia.business-standard.com/_media/bs/.../2017... · September 05, 2017 2 MARKET SYNOPSIS f Yesterday, NSE-NIFTY remained in the tremendous

NIFTY 9913 IN FOCUS

Support 9850

9800

Resistance 9980

10030

Stock in Focus COAL INDIA

Positional Pick YES BANK

Intraday Pick PC JEWELLER

Intraday Pick BERGER PAINTS INDIA

Institutional Equity Research

MARKET LENS

September 05, 2017

2

MARKET SYNOPSIS

f Yesterday, NSE-NIFTY remained in the tremendous pressure post a stable opening, where rise in geo-political risk and weakness in major frontline counters dragged index 127 points down from its intraday high of 9,988 level during the day. Later, with the help of minor bounce backs, NIFTY shut the shop at 9,913 mark, with cut of 62 points.

f NSE Cash segment reported turnover of Rs24,831 crore as compared to Rs27,336 crore earlier.

f Overall market breadth remained negative, where 582 stocks advanced against 1124 declined stocks.

f Negative trend was observed across all the sectoral indices during the day barring Metal and Media indices (advanced by 0.1% and 0.6% respectively), where Realty index emerged as a top loser with the decrease of 1.7%. However, rest of the sectoral indices have reported fall of in between 0.4% and 0.9%.

NSE-NIFTY OUTLOOK

f NSE-NIFTY has breached prior daily up-trend and slipped to three day closing low, as index once again failed to give break-out from 9,980 mark. As mentioned earlier, only a stable move above 9,980 mark (23.6% Fibonacci Retracement level of prior up-move 9,449 to 10,138) will bring the exuberance of recording new high back in trade, but till that time index will remain range bound. On the lower side, index will initially find support around its Medium-term moving average 50-DEMA (placed around 9,815 level) and then at the prior swing low (i.e. 9,686 mark).

f As for the day, support is placed at around 9,850 and then at 9,800 levels, while resistance is observed at 9,980 and then around at 10,030 levels.

Technical Research

Page 3: Support 9850 MARKET LENS - Business Standardbsmedia.business-standard.com/_media/bs/.../2017... · September 05, 2017 2 MARKET SYNOPSIS f Yesterday, NSE-NIFTY remained in the tremendous

NIFTY 9913 IN FOCUS

Support 9850

9800

Resistance 9980

10030

Stock in Focus COAL INDIA

Positional Pick YES BANK

Intraday Pick PC JEWELLER

Intraday Pick BERGER PAINTS INDIA

Institutional Equity Research

MARKET LENS

September 05, 2017

3

f Yes Bank is in the strong up-trend, as it reversed after taking support of its 38.2% of Fibonacci Retracement level of prior up-move (Rs1,402-1,861) and given break-out from the falling trend line, where its short-term moving average 20-day EMA supported that move.

f Due to recent recovery in the price, key technical indicators are also on the verge of positive cross-over.

f As per the current daily set-up, we believe that the stock will soon resume its northward journey and will revisit the life-time-high of Rs1,861.

f In case of any negative surprise, its short-term moving average will continue to work as key reversal point, but major support is placed tad below Rs1,700.

f Fresh long position can be initiated at Rs1,755 for the target of Rs1,860 and with a stop loss of Rs1,690.

Technical Research

Positional Pick: Yes Bank Ltd PREV.CLOSE: 1764 | RECO: BUY | AT: 1755 | TARGET: 1860 | STOP LOSS: 1690

Page 4: Support 9850 MARKET LENS - Business Standardbsmedia.business-standard.com/_media/bs/.../2017... · September 05, 2017 2 MARKET SYNOPSIS f Yesterday, NSE-NIFTY remained in the tremendous

NIFTY 9913 IN FOCUS

Support 9850

9800

Resistance 9980

10030

Stock in Focus COAL INDIA

Positional Pick YES BANK

Intraday Pick PC JEWELLER

Intraday Pick BERGER PAINTS INDIA

Institutional Equity Research

MARKET LENS

September 05, 2017

4

f Nifty reversed its previous day gains with swift selling across the board on geopolitical concerns and profit booking in high beta stocks. Nifty closed down by 61 points at 9,913 levels. Among the nifty stocks 11 stocks advanced and 40 declined during the day.

f Sectorally, negative momentum was witnessed across sectors except for Media which gained by 0.6% while Realty, Auto, and Private Banks corrected by 1% average.

f Broader market indices remained negative with NIFTY 100,200 and 500 to close down by 0.6% average while midcap indices and small cap indices declined by 0.8% and 0.6% respectively.

f Nifty September futures ends with 14 points premium at 9.927 mark, while on other hand, Bank Nifty August futures ended with the premium of 52 points at 24,237 mark.

f Nifty is resisting to give a upward breakout and continued to trade in the range of 9,850-10,000 levels with sharp volatility. On the downside the key trend reversal level will be 9,800 below which the trend would turn negative. Nifty 10,000 and 10,100 CE has seen writing in today’s trade with OI moving up by 8 lakhs shares average.

Sectoral Activity: Amongst sectoral index, Energy and Banks remained in focus with negative momentum.

Stock Activity: IOC and DCB Bank Auto observed build up in short position.

Derivatives Snapshot

TOP 5 PRICE GAINERS

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

TV18 BROADCAST LIMITED 41.40 8.24% 529.63% 13.62% 39 40 43

RAYMOND LTD 859.20 5.86% 252.42% 19.29% 819 842 883

SUN TV NETWORK LIMITED 807.40 5.09% -9.12% 8.36% 770 791 829

SHRIRAM TRANSPORT FIN CO. 1070.80 5.02% 10.48% 3.21% 1021 1050 1100

OIL INDIA LTD 308.45 4.49% 181.84% 24.22% 298 304 314

TOP 5 PRICE LOSERS

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

ADANI POWER LTD 30.85 -5.51% 24.36% 3.16% 30 31 32

JUSTDIAL LTD. 380.70 -4.65% -4.43% 13.70% 369 388 400

INDIAN OIL CORP LTD 429.05 -4.29% 49.18% 17.12% 423 434 440

ADANI ENTERPRISES LIMITED 130.80 -4.25% -43.83% 5.36% 127 132 136

SREI INFRASTRUCTURE FINAN 120.00 -3.88% -20.06% 1.64% 117 121 124

TOP 5 OI GAINERS

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

JSW ENERGY LIMITED 66.70 -0.52% 98.68% 34.31% 65 67 69

OIL INDIA LTD 308.45 4.49% 181.84% 24.22% 298 304 314

TATA ELXSI LIMITED 1727.60 4.08% 537.74% 23.69% 1675 1706 1758

UNITED SPIRITS LIMITED 2570.85 0.81% 333.89% 19.80% 2526 2591 2635

RAYMOND LTD 859.20 5.86% 252.42% 19.29% 819 842 883

TOP 5 OI LOSERS

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

COAL INDIA LTD 246.50 3.29% 276.27% -6.48% 241 244 249

INDIABULLS REAL EST. LTD 238.10 -3.49% -59.37% -5.65% 230 239 247

SHREE CEMENTS LTD 17864.00 0.39% 7.47% -5.29% 17692 17837 18009

GRASIM INDUSTRIES LTD 1170.45 -0.03% -74.01% -4.94% 1157 1170 1184

BAJAJ AUTO LIMITED 2915.15 -0.04% -52.11% -4.64% 2892 2913 2936

Page 5: Support 9850 MARKET LENS - Business Standardbsmedia.business-standard.com/_media/bs/.../2017... · September 05, 2017 2 MARKET SYNOPSIS f Yesterday, NSE-NIFTY remained in the tremendous

NIFTY 9913 IN FOCUS

Support 9850

9800

Resistance 9980

10030

Stock in Focus COAL INDIA

Positional Pick YES BANK

Intraday Pick PC JEWELLER

Intraday Pick BERGER PAINTS INDIA

Institutional Equity Research

MARKET LENS

September 05, 2017

5

TOP 5 “RISE IN % DEL CHG”

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

TATA CHEMICALS LTD 580.55 -1.02% 425.78% 1078.50% 571 580 590

TV18 BROADCAST LIMITED 41.40 8.24% 529.63% 467.79% 39 40 43

TATA ELXSI LIMITED 1727.60 4.08% 537.74% 317.49% 1675 1706 1758

TORRENT POWER LTD 217.25 2.89% 336.23% 257.23% 210 215 222

COAL INDIA LTD 246.50 3.29% 276.27% 241.55% 241 244 249

TOP 5 “DECLINE IN % DEL CHG”

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

DR. REDDY’S LABORATORIES 2195.10 -1.01% -73.79% -84.63% 2167 2202 2230

PVR LIMITED 1310.25 -0.99% -54.80% -84.61% 1294 1312 1329

GODREJ CONSUMER PRODUCTS 921.60 -1.06% -75.43% -83.36% 915 925 931

STRIDES SHASUN LIMITED 916.35 -0.35% -78.91% -82.46% 907 918 928

TATA POWER CO LTD 78.45 -2.06% -73.62% -81.45% 78 79 80

SECTORAL ACTIVITY

Value Average of OI Average of Price Total Average of

Total OI Change % Change % Volume Volume Change %

Consumer Discretionary 485356105 3.78% -0.28% 108187257 31.26%

Consumer Staples 134009600 3.06% -0.91% 18016727 16.78%

Energy 223474939 3.22% -0.36% 40130561 23.93%

Financials 1358561270 2.76% -0.97% 140594506 -5.77%

Health Care 174325500 2.76% -0.53% 20252174 -0.29%

Industrials 142538600 4.64% -1.13% 25869686 0.35%

Information Technology 143926950 5.04% -0.53% 18682830 40.48%

Materials 1139745500 1.65% -1.35% 255845547 -19.52%

Telecommunication Services 221144200 2.94% -1.76% 24528586 7.15%

Utilities 935587600 5.44% -1.26% 103419535 25.79%

Grand Total 4958670264 3.32% -0.81% 755527409 9.94%

Derivatives Snapshot

Page 6: Support 9850 MARKET LENS - Business Standardbsmedia.business-standard.com/_media/bs/.../2017... · September 05, 2017 2 MARKET SYNOPSIS f Yesterday, NSE-NIFTY remained in the tremendous

NIFTY 9913 IN FOCUS

Support 9850

9800

Resistance 9980

10030

Stock in Focus COAL INDIA

Positional Pick YES BANK

Intraday Pick PC JEWELLER

Intraday Pick BERGER PAINTS INDIA

Institutional Equity Research

MARKET LENS

September 05, 2017

6

Pivot TableName LTP Support 2 Support 1 Pivot Resistance 1 Resistance 2 Nifty 50 9912.9 9793.4 9853.1 9920.8 9980.5 10048.2Nifty Bank 24236.9 23981.3 24109.1 24284.2 24412.0 24587.2ACC LIMITED 1771.1 1728.4 1749.8 1786.7 1808.1 1845.0ADANI PORT & SEZ LTD 384.9 371.4 378.1 387.1 393.8 402.8AMBUJA CEMENTS LTD 276.8 270.1 273.5 278.4 281.8 286.7ASIAN PAINTS LIMITED 1197.1 1177.8 1187.4 1201.7 1211.3 1225.6AUROBINDO PHARMA LTD 748.7 724.2 736.4 754.5 766.7 784.7AXIS BANK LIMITED 501.8 494.2 498.0 503.5 507.3 512.8BAJAJ AUTO LIMITED 2915.2 2869.3 2892.2 2912.9 2935.9 2956.6BANK OF BARODA 136.8 133.8 135.3 137.3 138.8 140.7BHARTI AIRTEL LIMITED 416.4 407.1 411.8 418.4 423.0 429.6BOSCH LIMITED 22468.8 21942.9 22205.8 22367.9 22630.8 22792.9BHARAT PETROLEUM CORP LT 531.2 516.3 523.7 534.9 542.3 553.5CIPLA LTD 561.7 546.0 553.8 565.4 573.3 584.9COAL INDIA LTD 246.5 236.0 241.2 244.2 249.5 252.5DR. REDDY’S LABORATORIES 2195.1 2138.4 2166.8 2201.6 2229.9 2264.7EICHER MOTORS LTD 31753.6 31218.0 31485.8 31715.9 31983.7 32213.8GAIL (INDIA) LTD 379.6 373.6 376.6 381.6 384.6 389.5HCL TECHNOLOGIES LTD 860.6 846.9 853.8 863.8 870.7 880.7HDFC LTD 1755.4 1728.9 1742.1 1755.3 1768.6 1781.8HDFC BANK LTD 1750.9 1735.1 1743.0 1754.0 1761.9 1772.9HERO MOTOCORP LIMITED 3978.9 3885.6 3932.2 4008.1 4054.8 4130.7HINDALCO INDUSTRIES LTD 242.5 232.9 237.7 242.3 247.1 251.8HINDUSTAN UNILEVER LTD. 1197.2 1180.8 1189.0 1201.9 1210.1 1223.0INDIABULLS HSG FIN LTD 1235.4 1198.9 1217.1 1237.0 1255.2 1275.1ICICI BANK LTD. 297.1 291.7 294.4 297.2 299.9 302.7INDUSIND BANK LIMITED 1669.5 1641.5 1655.5 1672.5 1686.5 1703.6BHARTI INFRATEL LTD. 377.8 372.8 375.3 377.9 380.4 383.1INFOSYS LIMITED 900.2 877.3 888.8 904.9 916.4 932.5INDIAN OIL CORP LTD 429.1 416.6 422.8 433.8 440.0 451.0ITC LTD 283.1 281.1 282.1 283.0 284.0 284.8KOTAK MAHINDRA BANK LTD 978.1 957.9 968.0 983.3 993.4 1008.7LARSEN & TOUBRO LTD. 1130.7 1113.6 1122.1 1130.5 1139.1 1147.5LUPIN LIMITED 997.6 975.0 986.3 996.4 1007.7 1017.8MAHINDRA & MAHINDRA LTD 1328.3 1309.6 1318.9 1333.5 1342.8 1357.4MARUTI SUZUKI INDIA LTD. 7821.5 7698.8 7760.2 7818.1 7879.4 7937.3NTPC LTD 168.3 165.8 167.0 168.1 169.4 170.5OIL AND NATURAL GAS CORP. 161.8 157.9 159.8 161.1 163.0 164.3POWER GRID CORP. LTD. 217.6 210.1 213.9 216.6 220.3 223.0RELIANCE INDUSTRIES LTD 1613.4 1574.8 1594.1 1615.1 1634.4 1655.4STATE BANK OF INDIA 277.8 274.7 276.2 277.9 279.4 281.1SUN PHARMACEUTICAL IND L 500.7 464.6 482.7 496.2 514.2 527.7TATA MOTORS LIMITED 383.4 371.1 377.3 386.7 392.8 402.2TATA MOTORS DVR ‘A’ ORD 219.8 213.5 216.6 221.8 225.0 230.2TATA POWER CO LTD 78.5 76.7 77.6 78.9 79.7 81.0TATA STEEL LIMITED 646.6 636.4 641.5 646.6 651.7 656.8TATA CONSULTANCY SERV LT 2456.2 2428.7 2442.5 2451.7 2465.5 2474.7TECH MAHINDRA LIMITED 416.1 400.3 408.2 418.5 426.4 436.6ULTRATECH CEMENT LIMITED 4000.4 3971.7 3986.1 4007.4 4021.8 4043.1VEDANTA LIMITED 315.8 303.8 309.8 314.4 320.4 325.0WIPRO LTD 297.3 294.7 296.0 297.0 298.3 299.3YES BANK LIMITED 1764.1 1717.7 1740.9 1760.3 1783.5 1802.9ZEE ENTERTAINMENT ENT LTD 521.6 514.3 518.0 522.1 525.8 529.9

Page 7: Support 9850 MARKET LENS - Business Standardbsmedia.business-standard.com/_media/bs/.../2017... · September 05, 2017 2 MARKET SYNOPSIS f Yesterday, NSE-NIFTY remained in the tremendous

NIFTY 9913 IN FOCUS

Support 9850

9800

Resistance 9980

10030

Stock in Focus COAL INDIA

Positional Pick YES BANK

Intraday Pick PC JEWELLER

Intraday Pick BERGER PAINTS INDIA

Institutional Equity Research

MARKET LENS

September 05, 2017

7

Scrip Name Close Rate 20-SMA 50-SMA 100-SMA 200-SMA HIGH_52WEEK LOW_52WEEK

NIFTY 9912.9 9880.1 9837.9 9637.4 9099.0 10137.9 7893.8BANK NIFTY 24236.9 24304.1 24115.0 23446.1 21509.3 25198.8 17606.9SENSEX 50 10295.8 10261.7 10210.3 9988.3 9406.7 10483.3 8144.6ACC 1771.1 1797.7 1726.2 1672.1 1525.5 1837.6 1256.6ADANIPORTS 384.9 391.0 384.6 364.8 330.0 421.5 245.2AMBUJACEM 276.8 274.5 264.6 254.4 237.5 285.0 191.0ASIANPAINT 1197.1 1152.9 1142.9 1133.7 1052.4 1225.2 849.6AUROPHARMA 748.7 717.6 714.9 661.0 674.9 895.0 503.1AXISBANK 501.8 499.3 509.0 508.3 493.7 638.3 424.4BAJAJ-AUTO 2915.2 2813.2 2806.5 2839.8 2792.7 3120.0 2510.0BANKBARODA 136.8 145.4 155.4 167.5 165.7 202.5 135.3BHARTIARTL 416.4 421.0 408.5 384.7 359.0 438.2 283.1BHEL 131.2 129.4 135.8 147.6 145.0 182.8 116.1BOSCHLTD 22468.8 22593.7 23443.6 23457.0 22409.8 25240.0 17671.6BPCL 531.2 506.4 474.7 476.4 452.0 546.1 366.4CIPLA 561.7 566.5 559.0 554.2 567.1 621.3 480.2COALINDIA 246.5 241.9 247.4 259.4 282.7 337.3 233.7DRREDDY 2195.1 2057.2 2406.4 2505.1 2735.3 3399.9 1901.2EICHERMOT 31753.6 31125.9 29547.6 28598.4 25871.1 32449.4 19530.0GAIL 379.6 378.4 373.5 386.9 368.6 433.7 268.3GRASIM 1170.5 1123.1 1083.8 1014.8 896.7 1238.2 652.3HCLTECH 860.6 871.2 868.3 855.4 842.2 928.0 736.0HDFC 1755.4 1741.0 1695.6 1630.2 1480.9 1799.9 1183.2HDFCBANK 1750.9 1764.2 1728.3 1652.0 1471.0 1809.2 1158.0HEROMOTOCO 3978.9 3947.4 3813.0 3672.8 3418.2 4092.0 2849.5HINDALCO 242.5 232.4 216.6 205.4 192.6 247.0 138.6HINDUNILVR 1197.2 1189.3 1153.1 1081.3 967.4 1222.8 782.0ICICIBANK 297.1 295.5 296.3 285.3 265.1 314.5 217.4IDEA 86.9 89.2 88.7 86.1 86.8 123.5 65.8INDUSINDBK 1669.5 1645.8 1592.4 1524.2 1376.6 1695.8 1036.7INFRATEL 377.8 384.9 395.3 382.7 358.6 425.0 281.8INFY 900.2 941.9 957.6 953.8 969.1 1082.7 860.0ITC 283.1 279.3 297.9 295.2 274.6 367.7 222.0KOTAKBANK 978.1 983.5 981.4 959.4 867.9 1031.7 692.5LT 1130.7 1142.0 1152.9 1156.4 1060.5 1222.6 863.4LUPIN 997.6 968.0 1044.9 1149.7 1310.7 1588.4 917.6M&M 1328.3 1372.1 1379.1 1365.6 1304.4 1500.0 1141.4MARUTI 7821.5 7636.5 7545.6 7179.1 6422.6 7920.0 4765.3NTPC 168.3 171.2 166.3 163.6 164.1 179.2 143.3ONGC 161.8 161.0 161.6 170.1 182.2 211.8 155.2POWERGRID 217.6 220.0 216.4 211.4 202.1 226.6 167.0RELIANCE 1613.4 1580.4 1541.3 1449.1 1283.1 1664.9 930.0SBIN 277.8 284.7 287.5 289.1 277.3 315.3 235.0SUNPHARMA 500.7 481.2 526.2 562.7 615.0 818.5 432.7TATAMOTORS 383.4 389.7 424.2 438.5 459.2 598.4 358.5TATAPOWER 78.5 79.1 81.0 81.6 80.6 91.2 67.0TATASTEEL 646.6 623.0 580.0 528.1 488.3 652.8 355.3TCS 2456.2 2493.7 2455.2 2443.4 2392.6 2709.0 2051.9TECHM 416.1 418.5 400.2 407.4 442.0 515.3 356.7ULTRACEMCO 4000.4 3983.4 4052.6 4120.0 3867.0 4533.1 3050.0WIPRO 297.3 290.3 278.8 268.2 253.2 300.5 204.1YESBANK 1764.1 1748.7 1648.8 1583.4 1459.9 1861.0 1090.6ZEEL 521.6 521.8 520.4 519.9 503.3 589.9 427.7

Simple Moving Average

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NIFTY 9913 IN FOCUS

Support 9850

9800

Resistance 9980

10030

Stock in Focus COAL INDIA

Positional Pick YES BANK

Intraday Pick PC JEWELLER

Intraday Pick BERGER PAINTS INDIA

Institutional Equity Research

MARKET LENS

September 05, 2017

8

Bulk Deals SnapshotDeal Date Scrip Code Company Client Name Deal Type* Quantity Price **4/9/2017 514274 AARVEEDEN BHAVIN Y MEHTA S 163,994 45.17

4/9/2017 514274 AARVEEDEN BHAVIN Y MEHTA B 163,994 45.35

4/9/2017 534064 AIML MANI ENTERPRISE S 76,000 189.49

4/9/2017 534064 AIML MALVI AND CO B 76,000 189.43

4/9/2017 538716 ARYACAPM INDIA FINSEC LIMITED S 175,000 22.75

4/9/2017 538716 ARYACAPM HOLLY ENTERPRISES PRIVATE LIMITED B 175,000 22.75

4/9/2017 539274 BLFL RITESH JITENDRA VASNAWALA B 50,000 6.68

4/9/2017 539274 BLFL TARABEN MAHESHBHAI PRAJAPATI S 60,000 6.68

4/9/2017 539274 BLFL LINABEN JITENDRA BODAR B 40,000 6.68

4/9/2017 533260 CAREERP AMITA PARTNERS S 96,169 123.57

4/9/2017 533260 CAREERP SUNAINA NARESHKUMAR SARAF B 100,000 127.44

4/9/2017 534691 COMCL VINOD VRAJLAL NIRMAL S 97,975 31.1

4/9/2017 534691 COMCL VINOD VRAJLAL NIRMAL B 113,475 31.1

4/9/2017 540268 DHANVARSHA ARJUN LEASING AND FINANCE PVT LTD . S 90,000 22.6

4/9/2017 526735 EXCAST SAMPATI BROKING PRIVATE LIMITED S 208,058 1.14

4/9/2017 526227 FILATEX RAJ ORACLE SERVICES LLP S 282,012 164.97

4/9/2017 526227 FILATEX RAJ ORACLE SERVICES LLP B 217,055 176.91

4/9/2017 540190 FRANKLININD PRATYAKSHYA SHAREBROKERS PVTLTD S 89,200 25.5

4/9/2017 540190 FRANKLININD IMRAN SALEEM KHAN B 44,000 25.5

4/9/2017 540190 FRANKLININD ASIF ABDUL GANI ANSARI B 45,200 25.5

4/9/2017 526717 GOPALA PEARL BROKING SERVICES LIMITED S 39,812 97.86

4/9/2017 526717 GOPALA PEARL BROKING SERVICES LIMITED B 51,514 99.63

4/9/2017 532976 JAIBALAJI FOLLOWEL ENGINEERING LIMITED B 500,000 10.25

4/9/2017 532976 JAIBALAJI JHUNJHUNWALA GLASS LIMITED S 500,100 10.25

4/9/2017 539910 KOCL BASANT MARKETING PRIVATE LIMITED B 150,000 2.54

4/9/2017 539910 KOCL AJAY RAJESHBHAI AKBARI S 100,000 2.54

4/9/2017 539767 MNIL FAITHFUL VANIJYA PRIVATE LIMITED S 36,500 73.9

4/9/2017 539767 MNIL SHREE BHUVANAKARAM TRADINVEST PVT LTD B 35,500 73.9

4/9/2017 517554 NHCFOODS HARJINDERSINGH J SARNA S 120,326 11.25

4/9/2017 517554 NHCFOODS NARENDRAKAUR H SARNA . B 125,000 11.25

4/9/2017 526957 UVBOARDS SHAUNAK JAGDISH SHAH B 345,796 29.45

4/9/2017 526957 UVBOARDS JAGDISH AMRITLAL SHAH B 500,000 29.45

4/9/2017 534741 VIRTUALG SHREE BHUVANAKARAM TRADINVEST PVT LTD S 2,918,455 1.5

4/9/2017 534741 VIRTUALG SHREE BHUVANAKARAM TRADINVEST PVT LTD B 2,000,000 1.51

4/9/2017 509038 VOLLF ARCHANA SURAJ AGRAWAL S 24,950 24

4/9/2017 509038 VOLLF GLOBAL CAPITAL MARKET & INFRASTRUCTURES LIMITED B 24,950 24

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

Page 9: Support 9850 MARKET LENS - Business Standardbsmedia.business-standard.com/_media/bs/.../2017... · September 05, 2017 2 MARKET SYNOPSIS f Yesterday, NSE-NIFTY remained in the tremendous

NIFTY 9913 IN FOCUS

Support 9850

9800

Resistance 9980

10030

Stock in Focus COAL INDIA

Positional Pick YES BANK

Intraday Pick PC JEWELLER

Intraday Pick BERGER PAINTS INDIA

Institutional Equity Research

MARKET LENS

September 05, 2017

9

Monthly Economic CalendarDate Time Country Event Period Prior

5-Sep-17 AU RBA Cash Rate Target 5-Sep 1.5%

5-Sep-17 IN Nikkei India PMI Composite Aug 46.0

6-Sep-17 AU GDP SA QoQ 2Q 0.3%

7-Sep-17 EC ECB Main Refinancing Rate 7-Sep 0.0%

7-Sep-17 US Initial Jobless Claims 2-Sep --

8-Sep-17 IN Trade Balance Aug -$11449.8m

8-Sep-17 IN Exports YoY Aug 3.9%

8-Sep-17 IN Imports YoY Aug 15.4%

8-Sep-17 JN BoP Current Account Balance Jul ¥934.6b

8-Sep-17 JN GDP SA QoQ 2Q F 1.0%

9-Sep-17 CH CPI YoY Aug 1.4%

9-Sep-17 IN Local Car Sales Aug 192,773.0

11-Sep-17 IN BoP Current Account Balance 2Q -$3.43b

12-Sep-17 IN Manpower Survey 4Q 15.0%

12-Sep-17 IN CPI YoY Aug 2.4%

12-Sep-17 IN Industrial Production YoY Jul -0.1%

12-Sep-17 UK CPI YoY Aug 2.6%

13-Sep-17 UK Jobless Claims Change Aug -4.2k

14-Sep-17 AU Employment Change Aug 27.9k

14-Sep-17 AU Unemployment Rate Aug 5.6%

14-Sep-17 IN Wholesale Prices YoY Aug 1.9%

14-Sep-17 JN Industrial Production MoM Jul F --

14-Sep-17 UK Bank of England Bank Rate 14-Sep 0.3%

14-Sep-17 US Initial Jobless Claims 9-Sep --

14-Sep-17 US CPI MoM Aug 0.1%

18-Sep-17 EC CPI YoY Aug F 1.3%

20-Sep-17 US FOMC Rate Decision (Upper Bound) 20-Sep 1.3%

21-Sep-17 US Initial Jobless Claims 16-Sep --

26-Sep-17 US Conf. Board Consumer Confidence Sep --

28-Sep-17 US GDP Annualized QoQ 2Q T --

28-Sep-17 US Initial Jobless Claims 23-Sep --

29-Sep-17 IN Fiscal Deficit INR Crore Aug --

29-Sep-17 JN Jobless Rate Aug 2.8%

29-Sep-17 JN Industrial Production MoM Aug P --

29-Sep-17 UK GDP YoY 2Q F 1.7%

Page 10: Support 9850 MARKET LENS - Business Standardbsmedia.business-standard.com/_media/bs/.../2017... · September 05, 2017 2 MARKET SYNOPSIS f Yesterday, NSE-NIFTY remained in the tremendous

NIFTY 9913 IN FOCUS

Support 9850

9800

Resistance 9980

10030

Stock in Focus COAL INDIA

Positional Pick YES BANK

Intraday Pick PC JEWELLER

Intraday Pick BERGER PAINTS INDIA

Institutional Equity Research

MARKET LENS

September 05, 2017

10

Corporate Actions

Ex-Dividend

Company Name Ex-Date Purpose

New Delhi Television Limited 5-Sep-17 Annual General Meeting

TIPS Industries Limited 5-Sep-17 Annual General Meeting/Dividend - Re 1/- Per Share

Hindalco Industries Limited 5-Sep-17 Annual General Meeting/Dividend - Rs 1.10 Per Share

Asahi Songwon Colors Limited 5-Sep-17 Annual General Meeting

Star Paper Mills Limited 5-Sep-17 Annual General Meeting/Dividend - Rs 2/- Per Share

Reliance Capital Limited 5-Sep-17 Scheme Of Arrangement

Orchid Pharma Limited 5-Sep-17 Annual General Meeting

CARE Ratings Limited 5-Sep-17 Dividend - Rs 6/- Per Share

Castrol India Limited 5-Sep-17 Dividend - Rs 4.50 Per Share

Datamatics Global Services Limited 5-Sep-17 Dividend - Re 0.75 Per Share

Xchanging Solutions Limited 5-Sep-17 Annual General Meeting

Antarctica Limited 6-Sep-17 Annual General Meeting

Jaiprakash Power Ventures Limited 6-Sep-17 Annual General Meeting

Balmer Lawrie & Company Limited 6-Sep-17 Annual General Meeting/Dividend - Rs 7/- Per Share

Beardsell Limited 6-Sep-17 Annual General Meeting

Coral India Finance & Housing Limited 6-Sep-17 Annual General Meeting/Dividend - Re 1/- Per Share

KCP Sugar and Industries Corporation Limited 6-Sep-17 Annual General Meeting/Dividend-Re 0.90 Per Share

Shyam Century Ferrous Limited 6-Sep-17 Annual General Meeting

AksharChem India Limited 6-Sep-17 Annual General Meeting

Star Cement Limited 6-Sep-17 Annual General Meeting

Asian Granito India Limited 6-Sep-17 Annual General Meeting/Dividend - Re 0.80 Per Share

T T Limited 6-Sep-17 Annual General Meeting

Balkrishna Industries Limited 6-Sep-17 Annual General Meeting/Dividend - Rs 2.50 Per Share

Jai Balaji Industries Limited 6-Sep-17 Annual General Meeting

Music Broadcast Limited 6-Sep-17 Annual General Meeting

Banswara Syntex Limited 6-Sep-17 Annual General Meeting/Dividend - Re 1/- Per Share

Godfrey Phillips India Limited 7-Sep-17 Annual General Meeting/Dividend - Rs 8/- Per Share

Nahar Industrial Enterprises Limited 7-Sep-17 Dividend - Re 1/- Per Share

Nagreeka Capital & Infrastructure Limited 7-Sep-17 Annual General Meeting

Nagreeka Exports Limited 7-Sep-17 Annual General Meeting

Indbank Merchant Banking Services Limited 7-Sep-17 Annual General Meeting

Apollo Hospitals Enterprise Limited 7-Sep-17 Annual General Meeting/Dividend - Rs 6/- Per Share

Banco Products (I) Limited 7-Sep-17 Dividend - Rs 4/- Per Share

Control Print Limited 7-Sep-17 Annual General Meeting/Dividend - Rs 3.50 Per Share

Electrosteel Castings Limited 7-Sep-17 Dividend - Re 0.50/- Per Share

Ganesh Housing Corporation Limited 7-Sep-17 Annual General Meeting/Dividend - Rs 2/- Per Share

Hindusthan National Glass & Industries Limited 7-Sep-17 Annual General Meeting

HCL Infosystems Limited 7-Sep-17 Annual General Meeting

NBCC (India) Limited 7-Sep-17 Annual General Meeting/ Dividend - Rs 1.10 Per Share

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NIFTY 9913 IN FOCUS

Support 9850

9800

Resistance 9980

10030

Stock in Focus COAL INDIA

Positional Pick YES BANK

Intraday Pick PC JEWELLER

Intraday Pick BERGER PAINTS INDIA

Institutional Equity Research

MARKET LENS

September 05, 2017

11

Result Calendar

Company Name Board Meeting Date Purpose

Aegis Logistics Limited 5-Sep-17 Results

Gillanders Arbuthnot & Company Limited 5-Sep-17 Results/Others

Orient Abrasives Limited 5-Sep-17 Results

Ortel Communications Limited 5-Sep-17 Results

Revathi Equipment Limited 5-Sep-17 Results

Sharda Motor Industries Limited 5-Sep-17 Results

Skipper Limited 5-Sep-17 Results/Others

Tamilnadu PetroProducts Limited 5-Sep-17 Results

Bliss GVS Pharma Limited 6-Sep-17 Results

Butterfly Gandhimathi Appliances Limited 6-Sep-17 Results

Cineline India Limited 6-Sep-17 Results

DCM Limited 6-Sep-17 Results

Digjam Limited 6-Sep-17 Results

Indian Hume Pipe Company Limited 6-Sep-17 Results

Indo Tech Transformers Limited 6-Sep-17 Results

Jayshree Tea & Industries Limited 6-Sep-17 Results

Kakatiya Cement Sugar & Industries Limited 6-Sep-17 Results

Kothari Petrochemicals Limited 6-Sep-17 Results

MT Educare Limited 6-Sep-17 Results

Paramount Printpackaging Limited 6-Sep-17 Board Meeting Postponed

Precision Wires India Limited 6-Sep-17 Results/Others

S&S Power Switchgears Limited 6-Sep-17 Board Meeting Postponed

Sicagen India Limited 6-Sep-17 Results

The Hi-Tech Gears Limited 6-Sep-17 Results

Zodiac Clothing Company Limited 6-Sep-17 Results

Action Construction Equipment Limited 7-Sep-17 Results

Assam Company India Limited 7-Sep-17 Results

Ginni Filaments Limited 7-Sep-17 Results

Global Vectra Helicorp Limited 7-Sep-17 Results

Kothari Sugars And Chemicals Limited 7-Sep-17 Results

Plastiblends India Limited 7-Sep-17 Results

Poddar Pigments Limited 7-Sep-17 Results

Salora International Limited 7-Sep-17 Results

Shreyans Industries Limited 7-Sep-17 Results

Southern Petrochemicals Industries Corporation Limited 7-Sep-17 Results

Sterling Tools Limited 7-Sep-17 Results/Dividend

Uttam Sugar Mills Limited 7-Sep-17 Results

Vaibhav Global Limited 7-Sep-17 Results

Xpro India Limited 7-Sep-17 Results

21st Century Management Services Limited 8-Sep-17 Results

AI Champdany Industries Limited 8-Sep-17 Results

Alps Industries Limited 8-Sep-17 Results/Others

Ashapura Minechem Limited 8-Sep-17 Results

Page 12: Support 9850 MARKET LENS - Business Standardbsmedia.business-standard.com/_media/bs/.../2017... · September 05, 2017 2 MARKET SYNOPSIS f Yesterday, NSE-NIFTY remained in the tremendous

NIFTY 9913 IN FOCUS

Support 9850

9800

Resistance 9980

10030

Stock in Focus COAL INDIA

Positional Pick YES BANK

Intraday Pick PC JEWELLER

Intraday Pick BERGER PAINTS INDIA

Institutional Equity Research

MARKET LENS

September 05, 2017

12

Result Calendar

Company Name Board Meeting Date Purpose

Consolidated Construction Consortium Limited 8-Sep-17 Results

De Nora India Limited 8-Sep-17 Results

Everest Kanto Cylinder Limited 8-Sep-17 Results/Others

Federal-Mogul Goetze (India) Limited. 8-Sep-17 Results

Fertilizers and Chemicals Travancore Limited 8-Sep-17 Results

Fortune Financial Services (India) Limited 8-Sep-17 Results/Others

Hind Rectifiers Limited 8-Sep-17 Results

Honda Siel Power Products Limited 8-Sep-17 Results

Hotel Leela Venture Limited 8-Sep-17 Results

Integra Garments and Textiles Limited 8-Sep-17 Results

Kesar Enterprises Limited 8-Sep-17 Results

Lambodhara Textiles Limited 8-Sep-17 Results

Linc Pen & Plastics Limited 8-Sep-17 Results

Manaksia Aluminium Company Limited 8-Sep-17 Results

Manaksia Coated Metals & Industries Limited 8-Sep-17 Results

Poddar Housing and Development Limited 8-Sep-17 Results

Rajdarshan Industries Limited 8-Sep-17 Board Meeting Postponed

UFO Moviez India Limited 8-Sep-17 Results

Alpa Laboratories Limited 9-Sep-17 Results/Others

APL Apollo Tubes Limited 9-Sep-17 Results/Others

Autoline Industries Limited 9-Sep-17 Results

Empee Distilleries Limited 9-Sep-17 Results

Golden Tobacco Limited 9-Sep-17 Results

Goldiam International Limited 9-Sep-17 Results

IFGL Refractories Limited 9-Sep-17 Results/Dividend

MIC Electronics Limited 9-Sep-17 Results

S.A.L. Steel Limited 9-Sep-17 Results/Others

Salzer Electronics Limited 9-Sep-17 Results/Others

Salzer Electronics Limited 9-Sep-17 Results/Others

Shah Alloys Limited 9-Sep-17 Results/Others

T T Limited 9-Sep-17 Results/Others

Bal Pharma Limited 11-Sep-17 Results

Century Extrusions Limited 11-Sep-17 Board Meeting Postponed

Dolphin Offshore Enterprises (India) Limited 11-Sep-17 Results

Goldiam International Limited 11-Sep-17 Board Meeting Postponed

High Ground Enterprise Limited 11-Sep-17 Board Meeting Postponed

Keynote Corporate Services Limited 11-Sep-17 Results

KSS Limited 11-Sep-17 Results/Others

Mawana Sugars Limited 11-Sep-17 Results

Neuland Laboratories Limited 11-Sep-17 Results

Niraj Ispat Industries Limited 11-Sep-17 Results/Others

Rama Steel Tubes Limited 11-Sep-17 Results

Schneider Electric Infrastructure Limited 11-Sep-17 Results

Page 13: Support 9850 MARKET LENS - Business Standardbsmedia.business-standard.com/_media/bs/.../2017... · September 05, 2017 2 MARKET SYNOPSIS f Yesterday, NSE-NIFTY remained in the tremendous

NIFTY 9913 IN FOCUS

Support 9850

9800

Resistance 9980

10030

Stock in Focus COAL INDIA

Positional Pick YES BANK

Intraday Pick PC JEWELLER

Intraday Pick BERGER PAINTS INDIA

Institutional Equity Research

MARKET LENS

September 05, 2017

13

Reliance Securities Limited (RSL), the broking arm of Reliance Capital is one of the India’s leading retail broking houses. Reliance Capital is amongst India’s 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 any security, derivatives or any other security through RSL nor any solicitation or offering of any investment /trading opportunity on behalf of the issuer(s) of the respective security(ies) referred to herein. These information / opinions / views are not meant to serve as a professional investment guide for the readers. No action is solicited based upon the information provided herein. Recipients of this Report should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any investments. This Report has been prepared on the basis of publicly available information, internally developed data and other sources believed by RSL to be reliable. RSL or its directors, employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such information / opinions / views. While due care has been taken to ensure that the disclosures and opinions given are fair and reasonable, none of the directors, employees, affiliates or representatives of RSL shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information / opinions / views contained in this Report.

Risks: Trading and investment in securities are subject to market risks. There are no assurances or guarantees that the objectives of any of trading / investment in securities will be achieved. The trades/ investments referred to herein may not be suitable to all categories of traders/investors. The names of securities mentioned herein do not in any manner indicate their prospects or returns. The value of securities referred to herein may be adversely affected by the performance or otherwise of the respective issuer companies, changes in the market conditions, micro and macro factors and forces affecting capital markets like interest rate risk, credit risk, liquidity risk and reinvestment risk. Derivative products may also be affected by various risks including but not limited to counter party risk, market risk, valuation risk, liquidity risk and other risks. Besides the price of the underlying asset, volatility, tenor and interest rates may affect the pricing of derivatives.

Disclaimers in respect of jurisdiction: The possession, circulation and/or distribution of this Report may be restricted or regulated in certain jurisdictions by appropriate laws. No action has been or will be taken by RSL in any jurisdiction (other than India), where any action for such purpose(s) is required. Accordingly, this Report shall not be possessed, circulated and/or distributed in any such country or jurisdiction unless such action is in compliance with all applicable laws and regulations of such country or jurisdiction. RSL requires such recipient to inform himself about and to observe any restrictions at his own expense, without any liability to RSL. Any dispute arising out of this Report shall be subject to the exclusive jurisdiction of the Courts in India.

Disclosure of Interest: The research analysts who have prepared this Report hereby certify that the views /opinions expressed in this Report are their personal independent views/opinions in respect of the securities and their respective issuers. None of RSL, research analysts, or their relatives had any known direct /indirect material conflict of interest including any long/short position(s) in any specific security on which views/opinions have been made in this Report, during its preparation. RSL’s Associates may have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report. RSL, its Associates, the research analysts, or their relatives might have financial interest in the issuer company(ies) of the said securities. RSL or its Associates may have received a compensation from the said issuer company(ies) in last 12 months for the brokerage or non brokerage services.RSL, its Associates, the research analysts or their relatives have not received any compensation or other benefits directly or indirectly from the said issuer company(ies) or any third party in last 12 months in any respect whatsoever for preparation of this report.

The research analysts has served as an officer, director or employee of the said issuer company(ies)?: No

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Copyright: The copyright in this Report belongs exclusively to RSL. This Report shall only be read by those persons to whom it has been delivered. No reprinting, reproduction, copying, distribution of this Report in any manner whatsoever, in whole or in part, is permitted without the prior express written consent of RSL.

RSL’s activities were neither suspended nor have defaulted with any stock exchange with whom RSL is registered. Further, there does not exist any material adverse order/judgments/strictures assessed by any regulatory, government or public authority or agency or any law enforcing agency in last three years. Further, there does not exist any material enquiry of whatsoever nature instituted or pending against RSL as on the date of this Report.

Important These disclaimers, risks and other disclosures must be read in conjunction with the information / opinions / views of which they form part of.

RSL CIN: U65990MH2005PLC154052. SEBI registration no. ( Stock Brokers: NSE - INB / INF / INE 231234833; BSE - INB / INF / INE 011234839, Depository Participants: CDSL IN-DP-257-2016 IN-DP-NSDL-363-2013, Research Analyst: INH000002384); AMFI ARN No.29889.