201408081806096613751-Religare Morning Digest-11th August 2014

8/12/2019 201408081806096613751-Religare Morning Digest-11th August 2014

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Religare Morning Digest August 11, 2014

NIFTY View

The domes c benchmark indices Ni y and Sensex shed more than 1% each on the last trading session of the week.Selling pressure was witnessed across the board as majority of pivots ended in the nega ve territory, CNX Realtyand Metal were worst hit, metal major SSLT lost maximum and se led a er losing 5.78% at NSE. Once again, marketbreadth was inclined in favor of the losing counters, CNX Small Cap index lost maximum among broader indices andse led 2.67% lower. In line with our expecta on, Ni y witnessed steep sell -o . Friday was the third consecu ve session where the indexse led in the red. Going ahead, we expect selling to con nue in the coming sessions, 7510 -7480 are the immediatesupports.

Recommenda on

SYMBOL RELINFRA

Buy/Sell SELL AUG FUTS

CMP 718

Ini a on range 722 -725

Stop Loss 735

Target 675

Ra onale: RELINFRA was trading in a Triangle Pa ern near

its 52 -weeks high form past two and half month. On Fridayi.e. 8th Aug 2014, it has broken down from the abovemen oned triangle pa ern with decent volume, indica ngbearish bias ahead. Accordingly, one may ini ate trade as perlevels given in table. (Trading period: 3 -5 trading sessions)

Technical Market View


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TRENDSHEET- INDEX TREND *

Ni y 50 - Trend Sheet *


STOCKS LTP Trend Trend changed on Trend changed at Closing Stop Loss

ACC 1439.65 Up 13 -May -14 1390.15 1365

AMBUJACEM 203.45 Down 11 -Jul-14 214.50 222

ASIANPAINT 617.95 Up 14 -May -14 556.90 585

AXISBANK 371 Up 16 -Jul-14 1963.80 367

BAJAJ-AUTO 2121.65 Down 17 -Jul-14 2087.65 2260

BANKBARODA 859.25 Up 24 -Jul-14 882.80 825

BHARTIARTL 374 Up 19 -May -14 338.20 345

BHEL 220.9 Down 11 -Jul-14 223.25 242

BPCL 566.55 Down 13 -Jun -14 569.75 605

CAIRN 311.65 Down 11 -Jul-14 342.80 338

CIPLA 436.7 Up 4-Apr-14 404.10 415

COALINDIA 355.65 Down 8-Jul-14 377.40 389 DLF 194.1 Down 28 -Jul-14 225.45 213

DRREDDY 2782.25 Up 27 -Jun -14 2552.95 2560

GAIL 407.6 Down 28 -Jul-14 422.10 448

GRASIM 3261.35 Down 8-Jul-14 3279.85 3500

HCLTECH 1532.8 Up 28 -May -14 1440.00 1460

HDFC 1026.95 Up 7-Mar -14 848.25 980

HDFCBANK 796.15 Up 7-Mar -14 711.45 777

HEROMOTOCO 2591.75 Down 10 -Jul-14 2439.10 2640

HINDALCO 183.95 Up 19 -May -14 152.05 179

INDEX SPOT Close Trend Trend changed on Trend changed at Closing Stop Loss

NIFTY 7721.30 Up 26 -Feb -14 6238.80 7450

BANKNIFTY 15267.60 Up 04 -Mar -14 10929.05 14600

CNX-IT 10304.70 Up 11 -Jun -14 9300 9800

CNXMIDCAP 10838.20 Up 04 -Mar -14 7873.65 10300

INDEX SPOT Close Trend Trend changed on Trend changed at Closing Stop Loss

NIFTY 7568.55 Up 26 -Feb -14 6238.80 7450

BANKNIFTY 14765.75 Up 04 -Mar -14 10929.05 14600

CNX-IT 10318.25 Up 11 -Jun -14 9300 9800

CNXMIDCAP 10644.85 Up 04 -Mar -14 7873.65 10300


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*Refer Annexure to understand this table


STOCKS

LTP

Trend

Trend when changed

Rate when trend changed

Closing Stop loss

HINDUNILVR 702.05 Up 30 -May -14 603.35 642

ICICIBANK 1437.15 Up 18 -Jul-14 1480.45 1360

IDFC 144.45 Down 8 - Aug -14 144.45 160

INDUSINDBK 537.2 Up 4-Mar -14 412.30 530

INFY 3482.65 Up 16 -Jun -14 3244.15 3235

ITC 348.55 Up 11 -Jul-14 345.90 326

JINDALSTEL 276.7 Down 9-Jul-14 297.20 292

KOTAKBANK 931.6 Up 21 -Jul-14 941.20 885

LT 1442.8 Down 11 -Jul-14 1574.35 1580

LUPIN 1160.45 Up 19 -Jun -14 1011.30 1065

M&M 1229.35 Up 17 -Feb -14 934.00 1125

MARUTI 2622.6 Up 7-Mar -14 1735.05 2420

MCDOWELL-N 2325.9 Down 23 -Jun -14 2594.95 2520

NMDC 171.3 Up 24 -Jul-14 178.25 160

NTPC 137.95 Down 11 -Jul-14 149.70 151 ONGC 394.2 Down 20 -Jun -14 417.50 425

PNB 904.35 Up 30 -Jul-14 978.35 880

POWERGRID 131.9 Down 1-Aug-14 129.80 142

RELIANCE 980.5 Down 26 -Jun -14 1011.90 1050

SBIN 2417.95 Down 11 -Jul-14 2425.25 2635

SSLT 267.8 Down 1-Aug-14 281.90 295

SUNPHARMA 760.4 Up 16 -Jun -14 645.35 718

TATAMOTORS 432.9 Down 8 - Aug -14 432.90 475

TATAPOWER 91.35 Down 30 -Jul-14 99.60 100

TATASTEEL 537.7 Up 17 -Jul-14 558.80 515

TCS 2478.7 Up 16 -Jun -14 2269.75 2360

TECHM 2188.65 Up - - 1992

ULTRACEMCO 2474.55 Down 8-Jul-14 2499.95 2650

WIPRO 548.05 Up 12 -Jun -14 532.15 522


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Ni y futures opened lower on back of weaker global cues and con nue to remain nega ve throughout the day trad-ing below 7600 levels. India VIX shot up by 5.1% to close at 14.9 levels. Ni y futures closed down by 78.0 points at7591.6 with a premium of 23.0 points to the spot closing of 7568.55 .

All sectors ended nega ve with the highest losses in banking, infrastructure and realty sectors to correct by 4% av-erage. The advance decline was very bad with 16 advances and 122 declines in the deriva ves segment. Media,Power and Telecom sectors gained the maximum open interest .

We have witnessed fresh wri ng in 7700 and 7800 CE with 18% increase in open interest in todays trade .

Stocks Futures with Upward Poten al Stocks Futures with Downward Poten al

Stocks Price %Change OI

ChangeIn OI Stocks

Price %Change OI

ChangeIn OI

HEXAWARE 145.70 2.28 3825 -0.78 SSLT 270.50 -5.55 11315 7.91

BHARTIARTL 372.95 1.93 9355 11.46 UNITECH 26.05 -5.79 10812 -2.18

AUROPHARMA 728.40 1.44 2078 0.97 IBREALEST 71.25 -5.82 8055 -2.18

F & O Trade / Strategy Recommenda on for today

Stock View CMP Strategy RecommendedPrice/ Ini a on

Range Stop loss Target

Price

PETRONET BULLISH 169.50 BUY AUG FUTS 168 -169 165 176

Todays Deriva ves Summary

Deriva ve Market View


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Corporate News:

Mahindra & Mahindra reported a 5.98% decline in its standalone net pro t at Rs. 881.78 crore for Q1FY14 VsRs. 937.91 crore during the same period a year ago. Net sales on a standalone basis declined marginally to Rs.10,597.07 crore from Rs. 10,607.27 crore.

Chennai Petroleum Corpora on Ltd reported a net pro t of Rs. 510.11 crore for the rst quarter ending June30, 2014 against a net loss of Rs. 377.19 crore during the corresponding period last year.

State Bank of India reported a marginal 3.3% increase in net pro t to Rs 3,349.08 crore for the quarter endedJune 30. Total income increased to Rs 40,739.21 crore during the quarter, against Rs 36,192.62 crore in the

same period a year ago.

Corpora on Banks net pro t declined 38.76% to Rs 231.46 crore on 7.46% growth in total income to Rs5215.02 crore in Q1 June 2014 over Q1 June 2013.

Results on August 11,2014: Divis Lab, GAIL, HPCL, Jain Irriga on, SAIL, Tata Motors

Daily Trends In FIIs Investments (Rs Crore)

Fundamental Market view

Key benchmark indices edged lower on the last trading session of the week as increase in crude oil prices triggeredby unrest in Iraq dampened sen ment. The weakness on the domes c bourses was a part of a weakness in worldstocks triggered by geopoli cal worries a er US President Barack Obama authorized the military to make targetedairstrikes against Islamist militants in northern Iraq. The market breadth indica ng the overall health of the market

was weak. The decline was sharper in small -cap and mid -cap indices. The BSE Small -Cap index was o 2.14%. TheBSE Mid-Cap index was o 2.06%.

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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 men oned for stocks which are in downtrend where one can go short with closing stop loss

as men oned. Support is men oned for stocks which are in uptrend where one can go long with closing

stop loss as men oned.

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

con nuously, the losses are small but once the market catches a strong trend in either direc on, one

makes a huge pro t that me.

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 elds Stocks name, LTP, Trend, Trend changed on, Trend

changed at & closing stop loss, it signi es fresh reversal of the trend.

Note For our running recommenda ons and past performance, please click here

Annexure
http://old.religareonline.com/religareonline/Upload/Research_Call_Tracker.pdfhttp://old.religareonline.com/religareonline/Upload/Research_Call_Tracker.pdfhttp://old.religareonline.com/religareonline/Upload/Research_Call_Tracker.pdf

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201408081806096613751-Religare Morning Digest-11th August 2014