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Alankit Assignments Ltd 1 | P a g e
Alankit Assignments Ltd 2 | P a g e
TABLE OF CONTENTS
1. Coffee With Alankit
2. Financial And Economic Wrap Up
3. Indices Performance
4. Global Markets
5. Equity Market Wrap Up
6. Nifty Top 5 Gainers
7. Nifty Top 5 Losers
8. F And O Wrap Up
9. Trading Turnover
10. Institutional Flows Equity
11. Money Market Wrap Up
12. Policy Rate
13. Daily Rates
14. Mutual Fund And Insurance Wrap Up
15. Liquidity Indicators
16. Top 5 Traded G Sec
17. International Metal And Energies Wrap Up
18. Commodity Market
19. Forex Wrap Up
20. Currency Market
21. Nifty Short Term Trend
22. Technical Picks
23. Bank Nifty Calls
24. Nifty Calls
Alankit Assignments Ltd 3 | P a g e
25. Options Calls
26. Technical Calls
27. Corporate Action
28. News Update
29. International Market Update
30. NSE Support And Resistance
Alankit Assignments Ltd 4 | P a g e
Coffee With Alankit – Your Morning Companion
Dear Institutional Clients,
Bulls come back with vigor – Nifty inching towards 8200 mark !!!
What a phenomenal way to start the week! For the first time ever Nifty succeeded to close above the 8150 mark in yesterday’s session backed by strong buying mainly in front liners. After a gap up opening in line with the steady global cues, Nifty spot consolidated in a narrow range during the initial hours of the session. However, the sideways move was then followed by a huge momentum on the upside in the final hours of the day. As a result, The Nifty managed to close above 8150-level, up 87.05 points or 1.08 percent at 8173.90 while the Sensex was up 293.15 points or 1.08 percent at 27319.85. Midcaps continued to fare better than the blue chips with the index rallying over 150 points. Among the midcaps, Torrent Power, Punj Lloyd, MRF, Apollo Tyres and Max India were major gainers. Tyre stocks rallied 2-20 percent as domestic rubber prices have seen sharpest fall in five years, hitting Rs 126 per kg. Rubber prices are down 25 percent since average of Rs 169/kg seen in January. The move in yesterday’s session reflects that the market is inching higher in line with our super bullish view and might continue to do the same going ahead. Coming back to the previous session, Hindalco, ONGC, SBIN, Wipro and HUL were the major Sensex gainers, while NTPC, M&M, Tata Power and BHEL were the only losers among 30-share Sensex constituents. Overall on the sectoral front; barring consumer durables, all other BSE sectoral indices ended in the green. Among them, oil & gas index gained the most by 1.79 per cent, followed by FMCG 1.4 per cent, capital goods 1.29 per cent and metal 1.25 per cent. Only consumer durables index was down 0.22 per cent. Even the advance to decline ratio was sturdily in the favour of advancing counters (A = 2074 / D = 956). As mentioned in our previous reports, we continue to maintain our stance that markets will react to lots of noises from individual stocks. At the same time, technically markets has closed above 8150 mark and going ahead a close above 8200 will make index away from the bunch of resistances mentioned in our weekly report. This might result in a fresh upside momentum which can strengthen the index to rally towards the higher levels of 8400 and 8500. Meanwhile on the downside, the initial support is at 8105/8060 and hence we advise traders to hold on to their long positions with the mentioned support level as their strict stop loss.
Have a splendid and profitable day with Alankit!
Alankit Assignments Ltd 5 | P a g e
Financial & Economic Wrap Up
• The Finance Ministry on Monday made a case for
international rating agency Moody's to upgrade their
sovereign rating of India, stating that the economic
recovery was strong and efforts are on to keep the fiscal
deficits within targeted levels. Moody's Investors Services
had assigned 'Baa3' rating on India, with stable outlook.
(BL)
• Encouraged by the World Trade Organisation’s
favourable ruling in its steel dispute against the US, India
is bracing for some more fight with the country at the
multilateral forum to get similar tariff barriers imposed
on other products removed. (BL)
• India's economic growth continues to gain momentum
while most major economies are seeing stable prospects,
according to Paris-based think-tank OECD. India's CLI in
July rose to 99 compared to 98.9 in June. The same has
been improving since it stood at 98.5 in March. (ET)
• India is looking for ways in which it can get West Asian oil
and gas producers to cut the so-called Asian premium,
which adds up to more than $3 billion annually, through
collective bargaining. (ET)
Equity Market Wrap Up
• The Sensex has ended with the gain of 293.15 points,
1.08 percent, at 27319.85.
• The 50-share NSE Nifty has closed with the gain of 87.05
points, 1.08 percent, at 8173.90, after making the
intraday low of 8126.15. The SX40 index of MCX-SX ended
with the gain of 171.82 points at 16125.57.
• Barring consumer durables, all other BSE sectoral indices
ended in the green. Among them, oil & gas index gained
the most by 1.79 per cent, followed by FMCG 1.4 per
cent, capital goods 1.29 per cent and metal 1.25 per cent.
• Market breadth was positive on the BSE with 2074
gainers against 956 losers.
F & O Wrap Up
• Nifty September 2014 Future was closed at 8193.10, a
premium of 19.20 points over spot closing of 8173.90.
• Turnover on NSE’s Futures & Options segment decreased
from Rs 169313.68 crore to Rs 146267.84 crore.
• The Nifty Put‐Call stood at 1.1 compared to the previous
day’s figure of 1.15.
• India VIX has decreased by 1.10% to close at 12.7925.
• The open interest on Nifty Futures increased by 5.0 lakhs
to 1.58 crores in the previous trading session.
Financial & Economic Wrap Up
• The Finance Ministry on Monday made a case for
international rating agency Moody's to upgrade their
sovereign rating of India, stating that the economic
recovery was strong and efforts are on to keep the fiscal
deficits within targeted levels. Moody's Investors Services
had assigned 'Baa3' rating on India, with stable outlook.
(BL)
• Encouraged by the World Trade Organisation’s
favourable ruling in its steel dispute against the US, India
is bracing for some more fight with the country at the
multilateral forum to get similar tariff barriers imposed
on other products removed. (BL)
• India's economic growth continues to gain momentum
while most major economies are seeing stable prospects,
according to Paris-based think-tank OECD. India's CLI in
July rose to 99 compared to 98.9 in June. The same has
been improving since it stood at 98.5 in March. (ET)
• India is looking for ways in which it can get West Asian oil
and gas producers to cut the so-called Asian premium,
which adds up to more than $3 billion annually, through
collective bargaining. (ET)
Equity Market Wrap Up
• The Sensex has ended with the gain of 293.15 points,
1.08 percent, at 27319.85.
• The 50-share NSE Nifty has closed with the gain of 87.05
points, 1.08 percent, at 8173.90, after making the
intraday low of 8126.15. The SX40 index of MCX-SX ended
with the gain of 171.82 points at 16125.57.
• Barring consumer durables, all other BSE sectoral indices
ended in the green. Among them, oil & gas index gained
the most by 1.79 per cent, followed by FMCG 1.4 per
cent, capital goods 1.29 per cent and metal 1.25 per cent.
• Market breadth was positive on the BSE with 2074
gainers against 956 losers.
F & O Wrap Up
• Nifty September 2014 Future was closed at 8193.10, a
premium of 19.20 points over spot closing of 8173.90.
• Turnover on NSE’s Futures & Options segment decreased
from Rs 169313.68 crore to Rs 146267.84 crore.
• The Nifty Put‐Call stood at 1.1 compared to the previous
day’s figure of 1.15.
• India VIX has decreased by 1.10% to close at 12.7925.
• The open interest on Nifty Futures increased by 5.0 lakhs
to 1.58 crores in the previous trading session.
Indices Performance
Index 08-Sept-14 Previous Close % Change#
S&P BSE Sensex 27319.85 27026.70 1.08
CNX Nifty 8173.90 8086.85 1.08
CNX Midcap 11726.05 11568.15 1.36
CNX 500 6578.00 6502.30 1.16
S&P BSE Smallcap 10851.83 10627.07 2.11
Global Markets
Index 08-Sept-14 Previous Close % Change#
Dow Jones 17,113.00 17,137.36 -0.14
Nasdaq 4,591.20 4,582.90 0.18
S&P 500 2,001.40 2,007.71 -0.31
FTSE 6,834.77 6,855.10 -0.30
CAC 4,474.93 4,486.49 -0.26
Nifty Top 5 Gainers
Company 08-Sept-14 Previous Close % Change#
HINDALCO 173.8 167.7 4.26
ASIANPAINT 674 647.05 4.17
AMBUJACEM 219.05 212.75 2.96
ONGC 455.3 443.55 2.65
GRASIM 3640.4 3564.7 2.12
Nifty Top 5 Losers
Company 08-Sept-14 Previous Close % Change#
NTPC 140.5 142.85 -1.65
NMDC 183.55 185.8 -1.21
TATAPOWER 87.6 88.35 -0.85
M&M 1396.7 1408.2 -0.82
POWERGRID 133.5 134.45 -0.71
Trading Turnover
Description (Rs in Cr) 08-Sept-14 Change % Change#
NSE 17,787.58 188.11 1.07
BSE 3602.11 -4.42 -0.12
Index Fut 9,692.53 -2,937.31 -23.26
Stock Fut 24,293.62 -3,389.51 -12.24
Index Opt 101,277.52 -14,441.46 -12.48
Stock Opt 11,004.10 -2277.56 -17.15
F & O Total 146,267.84 -23,045.84 -13.61
Institutional Flows (Equity)
Description (Rs in Cr) Purchases Sales Net
FII Flows 4416.57 3253.59 1162.98
DII Flows 1530.08 2038.45 -508.37
# % change is the over the previous days close.
Indices Performance
Index 08-Sept-14 Previous Close % Change#
S&P BSE Sensex 27319.85 27026.70 1.08
CNX Nifty 8173.90 8086.85 1.08
CNX Midcap 11726.05 11568.15 1.36
CNX 500 6578.00 6502.30 1.16
S&P BSE Smallcap 10851.83 10627.07 2.11
Global Markets
Index 08-Sept-14 Previous Close % Change#
Dow Jones 17,113.00 17,137.36 -0.14
Nasdaq 4,591.20 4,582.90 0.18
S&P 500 2,001.40 2,007.71 -0.31
FTSE 6,834.77 6,855.10 -0.30
CAC 4,474.93 4,486.49 -0.26
Nifty Top 5 Gainers
Company 08-Sept-14 Previous Close % Change#
HINDALCO 173.8 167.7 4.26
ASIANPAINT 674 647.05 4.17
AMBUJACEM 219.05 212.75 2.96
ONGC 455.3 443.55 2.65
GRASIM 3640.4 3564.7 2.12
Nifty Top 5 Losers
Company 08-Sept-14 Previous Close % Change#
NTPC 140.5 142.85 -1.65
NMDC 183.55 185.8 -1.21
TATAPOWER 87.6 88.35 -0.85
M&M 1396.7 1408.2 -0.82
POWERGRID 133.5 134.45 -0.71
Trading Turnover
Description (Rs in Cr) 08-Sept-14 Change % Change#
NSE 17,787.58 188.11 1.07
BSE 3602.11 -4.42 -0.12
Index Fut 9,692.53 -2,937.31 -23.26
Stock Fut 24,293.62 -3,389.51 -12.24
Index Opt 101,277.52 -14,441.46 -12.48
Stock Opt 11,004.10 -2277.56 -17.15
F & O Total 146,267.84 -23,045.84 -13.61
Institutional Flows (Equity)
Description (Rs in Cr) Purchases Sales Net
FII Flows 4416.57 3253.59 1162.98
DII Flows 1530.08 2038.45 -508.37
# % change is the over the previous days close.
Alankit Assignments Ltd 6 | P a g e
Money Market Wrap Up
• India's 10-year benchmark bond yield ended down 2 bps
at 8.50 percent. Bonds gained as a fall in global oil prices
raised expectation that inflation would be kept in check,
while hopes persisted that the government would
increase foreign investment limits in debt. (Reuters)
• The benchmark five-year interest rate swaps ended down
4 basis points at 7.98 percent and the one-year rate fell 2
bps at 8.44 percent. (Reuters)
• India's cash rate ended at 8.15/8.25 percent versus
Friday's close of 7.00/7.05 percent. (Reuters)
Mutual Fund & Insurance Wrap Up
• UTI Mutual Fund announced the NFO of UTI Fixed Term
Income - Series XX - I (1099 Days). The scheme will open
for subscription from September 05, 2014 to September
15, 2014. (ValueResearch)
• Birla Sun Life Mutual Fund has acquired ING Mutual Fund.
After the acquisition, all mutual fund schemes and
portfolio management accounts of ING will be managed
by Birla Sun Life. (ValueResearch)
• Tata Mutual Fund has decided to roll over Tata Fixed
Maturity Plan Series 44 Scheme A by 742 days. The
scheme is scheduled to mature on September 16, 2014
whereas now it will mature on September 27, 2016.
(ValueResearch)
International Metals & Energies Wrap Up
• Brent crude fell below $100 a barrel for the first time
since June 2013, as falling Chinese imports bolstered
concern that slower growth will worsen a global oil
surplus. (Bloomberg)
• Nickel climbed to a nine-week high amid concern that ore
shipments from the Philippines will drop. Nickel for
delivery in three months rose 1.8 percent to settle at
$19,930 a metric ton. (Bloomberg)
• Platinum volatility slumped to the lowest in nine years
amid fading investor interest in the metal used in
pollution-control devices for cars (Bloomberg)
Forex Wrap Up
• The dollar rallied to a 14-month high on speculation
financial markets are underestimating the pace of
interest-rate increases and investors sought a refuge
before the Scottish vote for independence this month.
(Bloomberg)
• The pound slid to the weakest level since November
versus the dollar as opinion polls highlighted the risk
Scotland will vote for independence next week,
potentially splintering the U.K.’s 307-year-old union.
(Bloomberg)
Money Market Wrap Up
• India's 10-year benchmark bond yield ended down 2 bps
at 8.50 percent. Bonds gained as a fall in global oil prices
raised expectation that inflation would be kept in check,
while hopes persisted that the government would
increase foreign investment limits in debt. (Reuters)
• The benchmark five-year interest rate swaps ended down
4 basis points at 7.98 percent and the one-year rate fell 2
bps at 8.44 percent. (Reuters)
• India's cash rate ended at 8.15/8.25 percent versus
Friday's close of 7.00/7.05 percent. (Reuters)
Mutual Fund & Insurance Wrap Up
• UTI Mutual Fund announced the NFO of UTI Fixed Term
Income - Series XX - I (1099 Days). The scheme will open
for subscription from September 05, 2014 to September
15, 2014. (ValueResearch)
• Birla Sun Life Mutual Fund has acquired ING Mutual Fund.
After the acquisition, all mutual fund schemes and
portfolio management accounts of ING will be managed
by Birla Sun Life. (ValueResearch)
• Tata Mutual Fund has decided to roll over Tata Fixed
Maturity Plan Series 44 Scheme A by 742 days. The
scheme is scheduled to mature on September 16, 2014
whereas now it will mature on September 27, 2016.
(ValueResearch)
International Metals & Energies Wrap Up
• Brent crude fell below $100 a barrel for the first time
since June 2013, as falling Chinese imports bolstered
concern that slower growth will worsen a global oil
surplus. (Bloomberg)
• Nickel climbed to a nine-week high amid concern that ore
shipments from the Philippines will drop. Nickel for
delivery in three months rose 1.8 percent to settle at
$19,930 a metric ton. (Bloomberg)
• Platinum volatility slumped to the lowest in nine years
amid fading investor interest in the metal used in
pollution-control devices for cars (Bloomberg)
Forex Wrap Up
• The dollar rallied to a 14-month high on speculation
financial markets are underestimating the pace of
interest-rate increases and investors sought a refuge
before the Scottish vote for independence this month.
(Bloomberg)
• The pound slid to the weakest level since November
versus the dollar as opinion polls highlighted the risk
Scotland will vote for independence next week,
potentially splintering the U.K.’s 307-year-old union.
(Bloomberg)
Policy Rates
Key Rates (%) 08-Sept-14 1 Week Ago 1 Month Ago
Reverse Repo 7.00 7.00 7.00
Repo 8.00 8.00 8.00
CRR 4.00 4.00 4.00
SLR 22.00 22.00 22.00
Bank Rate 9.00 9.00 9.00
Daily Rates
Key Rates (%) 08-Sept-14 Previous Close % Change#
NSE MIBOR O/N 7.71 8.09 -4.70
CALL 8.1 7.39 9.61
CBLO 8.01 7.34 9.13
OIS-1Yr 8.44 8.47 -0.35
OIS-5Yr 8 8.03 -0.37
Liquidity Indicators
Description (INR Cr) 08-Sept-14 1 Week Ago 1 Month Ago
Govt.Securities 36,247.34 14,127.26 21,398.02
Call Money 14483 10189 17079
CBLO 75282 69752 78342
LAF 10293 3322 1497
Treasury Bills 2,143.25 2,053.86 1,837.46
Top 5 traded G ‐ Sec
Security Maturity % Closing Yield % Change#
8.60% GS 2028 2-Jun-28 8.6583 -0.36
8.40% GS 2024 28-Jul-24 8.5025 -0.21
8.83% GS 2023 25-Nov-23 8.6652 -0.26
8.27% GS 2020 9-Jun-20 8.5804 -0.19
8.12% GS 2020 10-Dec-20 8.6596 -0.17
Commodity Market
Commodities (INR) 08-Sept-14 Gains+/Loss % Change#
Gold (10gm) 27224 -154 -0.56
Silver (1Kg) 41840 -173 -0.41
Crude Oil (1 barrel) 5592 -50 -0.89
Aluminium (1 Kg) 126.1 0.45 0.36
Copper (1Kg) 429.5 2.15 0.50
Currency Market
Currency 08-Sept-14 Gains+/Loss %Change#
USD/INR 60.2628 -0.1757 -0.29
EUR/INR 77.9439 -0.2514 -0.32
GBP/INR 97.5112 -1.1305 -1.15
JPY/INR 57.3300 -0.0300 -0.05
# % change is the over the previous days close.
Policy Rates
Key Rates (%) 08-Sept-14 1 Week Ago 1 Month Ago
Reverse Repo 7.00 7.00 7.00
Repo 8.00 8.00 8.00
CRR 4.00 4.00 4.00
SLR 22.00 22.00 22.00
Bank Rate 9.00 9.00 9.00
Daily Rates
Key Rates (%) 08-Sept-14 Previous Close % Change#
NSE MIBOR O/N 7.71 8.09 -4.70
CALL 8.1 7.39 9.61
CBLO 8.01 7.34 9.13
OIS-1Yr 8.44 8.47 -0.35
OIS-5Yr 8 8.03 -0.37
Liquidity Indicators
Description (INR Cr) 08-Sept-14 1 Week Ago 1 Month Ago
Govt.Securities 36,247.34 14,127.26 21,398.02
Call Money 14483 10189 17079
CBLO 75282 69752 78342
LAF 10293 3322 1497
Treasury Bills 2,143.25 2,053.86 1,837.46
Top 5 traded G ‐ Sec
Security Maturity % Closing Yield % Change#
8.60% GS 2028 2-Jun-28 8.6583 -0.36
8.40% GS 2024 28-Jul-24 8.5025 -0.21
8.83% GS 2023 25-Nov-23 8.6652 -0.26
8.27% GS 2020 9-Jun-20 8.5804 -0.19
8.12% GS 2020 10-Dec-20 8.6596 -0.17
Commodity Market
Commodities (INR) 08-Sept-14 Gains+/Loss % Change#
Gold (10gm) 27224 -154 -0.56
Silver (1Kg) 41840 -173 -0.41
Crude Oil (1 barrel) 5592 -50 -0.89
Aluminium (1 Kg) 126.1 0.45 0.36
Copper (1Kg) 429.5 2.15 0.50
Currency Market
Currency 08-Sept-14 Gains+/Loss %Change#
USD/INR 60.2628 -0.1757 -0.29
EUR/INR 77.9439 -0.2514 -0.32
GBP/INR 97.5112 -1.1305 -1.15
JPY/INR 57.3300 -0.0300 -0.05
# % change is the over the previous days close.
Alankit Assignments Ltd 7 | P a g e
p
.rend
o
Nifty Short Term Trend
After a gap up opening in line with the steady global cues, Nifty
spot consolidated in a narrow range during the initial hours of
the session. However, the sideways move was then followed by
a huge momentum on the upside in the final hours of the day.
As a result, The Nifty managed to close above 8150-level, up
87.05 points or 1.08 percent at 8173.90.
Inline with our view, Nifty has bounced back sharply after
touching the breakout level of rising channel, which also
coincides with ‘Daily 6 EMA’. Nifty has also given ‘Bullish Flag
Pattern’ breakout in intraday charts, whose targets come to
near 8400 levels. Overall trend is still extremely bullish and one
should go with the trend.
We reiterate our stance that the broader view remains bullish
and nifty can rally towards 8400 levels and thus traders should
hold long positions with trailing stoplosses. On the contrary, for
the time being 8048 remains to be an initial support going
forward for the index. A breach of the same might bring in some
pessimism on the selected stocks and benchmark indices.
Nifty Short Term Trend
After a gap up opening in line with the steady global cues, Nifty
spot consolidated in a narrow range during the initial hours of
the session. However, the sideways move was then followed by
a huge momentum on the upside in the final hours of the day.
As a result, The Nifty managed to close above 8150-level, up
87.05 points or 1.08 percent at 8173.90.
Inline with our view, Nifty has bounced back sharply after
touching the breakout level of rising channel, which also
coincides with ‘Daily 6 EMA’. Nifty has also given ‘Bullish Flag
Pattern’ breakout in intraday charts, whose targets come to
near 8400 levels. Overall trend is still extremely bullish and one
should go with the trend.
We reiterate our stance that the broader view remains bullish
and nifty can rally towards 8400 levels and thus traders should
hold long positions with trailing stoplosses. On the contrary, for
the time being 8048 remains to be an initial support going
forward for the index. A breach of the same might bring in some
pessimism on the selected stocks and benchmark indices.
Outlook for the Day
Positive
Market Indices
Sensex: 27320
Nifty: 8174
Trend
Positive
Short Term Trend Reversal
Only Below 7540
Strategy
Buy on declines
Level to watch
Support: 8088, 8048
Resistance: 8210, 8255
Technical Picks
TV18 BROADCAST
GSK PHARMA
Outlook for the Day
Positive
Market Indices
Sensex: 27320
Nifty: 8174
Trend
Positive
Short Term Trend Reversal
Only Below 7540
Strategy
Buy on declines
Level to watch
Support: 8088, 8048
Resistance: 8210, 8255
Technical Picks
TV18 BROADCAST
GSK PHARMA
Alankit Assignments Ltd 8 | P a g e
Technical Picks TV18 BROADCAST CASH - BUY CMP: 29.70
GSK PHARMA CASH - BUY CMP: 2537.65
If we analyze the medium term weekly charts, stock prices of TV18 BROADCAST are in bull trend as the prices are moving in 'HIGHER TOP HIGHER BOTTOM' price cycle. In addition, stock prices have given a bullish pattern breakout in daily chart known as 'FALLING CHANNEL'. In daily chart prices are well above its short term and medium term moving averages i.e. 20SMA, 50SMA and 200SMA which indicates overall bullishness in the counter. Technically looking on all the above scenario a strong upside from the current levels cannot be ruled out. Recommendation: We recommend positional
traders to go long in TV18 BROADCAST CASH
at/above 29.30 with SL of 28 for TARGETS of
33/35.
If we analyze the medium term weekly charts, stock prices of TV18 BROADCAST are in bull trend as the prices are moving in 'HIGHER TOP HIGHER BOTTOM' price cycle. In addition, stock prices have given a bullish pattern breakout in daily chart known as 'FALLING CHANNEL'. In daily chart prices are well above its short term and medium term moving averages i.e. 20SMA, 50SMA and 200SMA which indicates overall bullishness in the counter. Technically looking on all the above scenario a strong upside from the current levels cannot be ruled out. Recommendation: We recommend positional
traders to go long in TV18 BROADCAST CASH
at/above 29.30 with SL of 28 for TARGETS of
33/35.
As seen in the chart, stock prices of GSK PHARMA for last two months were trading in a range of 2440 - 2530 and yesterday the prices by giving a close above 2530 have completed a bullish 'RECTANGULAR CHANNEL' pattern. Along with it the prices have given a bullish trendline breakout in daily chart which was previously acting as a strong supply line. The above mentioned patterns are supported with good increase volumes and the impact of the same can lead prices to an upside of 2650/2710 in near term. Momentum oscillators like RSI and MACD are in positive zone supporting the buy call. Recommendation: Looking on the entire above scenario we recommend positional traders to go long in GSK PHARMA CASH at/above 2510 with SL of 2470 for TARGETS of 2650/2710.
As seen in the chart, stock prices of GSK PHARMA for last two months were trading in a range of 2440 - 2530 and yesterday the prices by giving a close above 2530 have completed a bullish 'RECTANGULAR CHANNEL' pattern. Along with it the prices have given a bullish trendline breakout in daily chart which was previously acting as a strong supply line. The above mentioned patterns are supported with good increase volumes and the impact of the same can lead prices to an upside of 2650/2710 in near term. Momentum oscillators like RSI and MACD are in positive zone supporting the buy call. Recommendation: Looking on the entire above scenario we recommend positional traders to go long in GSK PHARMA CASH at/above 2510 with SL of 2470 for TARGETS of 2650/2710.
Alankit Assignments Ltd 9 | P a g e
BANKNIFTY CALLS: RANGE FOR THE DAY IS 16180 - 16560
SCRIP SIGNAL ENTRY LEVELS TARGET STOP LOSS
BANKNIFTY FUTURES BUY AT/ABOVE 16226 16450/16555/16700 16198
IF BANKNIFTY HITS 16555 AND RETRACES THEN SELL BANKNIFTY AT/BELOW 16470
BANKNIFTY FUTURES SELL AT/BELOW 16470 16306/16200/16100 16565
BANKNIFTY FUTURES IS STRONG ABOVE 16200
NIFTY CALLS FOR THE DAY: RANGE FOR THE DAY IS 8160 – 8265
SCRIP SIGNAL ENTRY LEVELS TARGET STOP LOSS
NIFTY FUTURES BUY AT/ABOVE 8171 8220/8246/8275 8140
IF NIFTY FUT HITS 8260 AND RETRACES THEN SELL NIFTY FUT AT/BELOW 8238
NIFTY FUTURES SELL AT/BELOW 8238 8190/8155/8130 8266
NIFTY FUTURE IS STRONG ABOVE 8170
OPTIONS CALLS
SCRIP STRIKE
PRICE
SIGNAL ENTRY LEVELS TARGET STOP LOSS
BANKNIFTY 16300CE BUY AT/ABOVE 215 330/385/430 155
BANKNIFTY 16100PE BUY AT/ABOVE 140 250/310/365 105
NIFTY 8200CE BUY AT/ABOVE 65 91/113/138 52
NIFTY 8100PE BUY AT/ABOVE 38 55/69/84 26
ICICIBANK 1600CE BUY AT/ABOVE 16 29/41/53 11
ICICIBANK 1550PE BUY AT/ABOVE 19 33/45/57 13
INFY 3800CE BUY AT/ABOVE 39 57/69/84 28
INFY 3750PE BUY AT/ABOVE 41 59/71/86 30
RELIANCE 1040CE BUY AT/ABOVE 17 31/42/55 10
RELIANCE 1040PE BUY AT/ABOVE 13 22/30/38 8
SBIN 2600CE BUY AT/ABOVE 34 51/62/75 25
SBIN 2550PE BUY AT/ABOVE 29 44/53/65 21
TECHNICAL CALLS
SCRIP SIGNAL ENTRY LEVELS TARGET STOP LOSS
TV18 BROADCAST CASH BUY AT/ABOVE 29.30 33/35/37 28
GSK PHARMA CASH BUY AT/ABOVE 2510 2650/2710/2760 2470
M&M FUT SELL ONLY BELOW 1390 1350/1335/1320 1415
ABAN CASH BUY AT/ABOVE 755 785/800/825 735
LICHSG CASH BUY AT/ABOVE 322 332/340/351 318
HDFC LTD FUT SELL AT/BELOW 1065 1035/1020/1004 1082
Alankit Assignments Ltd 10 | P a g e
CORPORATE ACTION
Company Purpose Date
Balmer Lawrie Ex-date Dividend - Rs. 18 September 09, 2014
GMR Infra Ex-date Dividend - Rs. 0.10 September 09, 2014
Pidilite Ind Ex-date Dividend - Rs. 2.70 September 09, 2014
NEWS UPDATES
Punj Lloyd bags Rs 3,515-cr tank farm order from Petronas group
Punj Lloyd said that it has secured a Rs 3,515-crore ($581-million) RAPID (refinery and petrochemical integrated
development) tank farm order from PRPC Refinery and Cracker Sdn. Bhd., a subsidiary of Petroliam Nasional Berhad
(Petronas) group, Malaysia. (BL)
L& T Hydrocarbon wins orders worth Rs 1,920 cr
L& T Hydrocarbon Engineering, a fully-owned subsidiary of L&T, has secured orders worth Rs 1,920 crore from domestic
oil and gas majors. An offshore contract worth Rs 1,340 crore from Oil & Natural Gas Corporation (ONGC), includes
engineering, procurement, construction and installation of five wellhead platforms at the Mumbai High North field. (BL)
BHEL bags order from NPTI for operating training simulator
Bharat Heavy Electricals Limited’s city-based Electronics Division has bagged an order from National Power Training
Institute for design, engineering, testing, supply, installation and commissioning of Operator Training Simulator for
800MW Super Critical Power Plant, the company said. (BL)
Apollo Hospitals explores partnerships in Bahrain
India’s Apollo Hospitals is exploring partnership opportunities in the super—specialty sector of the healthcare industry
in Bahrain, a top official of the company has said. (BL)
Lanco cuts down workforce by 30% due to slowdown
Lanco Infratech, which has interests in infrastructure, power and realty segments, retrenched 30 per cent of its 5,700
workforce during the last financial year due to slowdown in development of some of its projects amid subdued market
conditions. (BL)
INTERNATIONAL MARKETS UPDATE
US markets
US markets ended mixed on Monday. S&P 500 was down by 0.31%, Dow Jones was down by 0.14% and NASDAQ was up
by 0.18%.
European Markets
European markets ended mixed on Monday. FTSE was down by 0.30% CAC was down by 0.26% and DAX was up by
0.11%.
Alankit Assignments Ltd 11 | P a g e
NSE (SEPTEMBER FUTURES) SUPPORT & RESISTANCE
SUPPORT LEVELS RESISTANCE LEVELS
STOCKS S3 S2 S1 PIVOT R1 R2 R3
ABIRLANUVO 1423.42 1437.93 1460.97 1475.48 1498.52 1513.03 1536.07
ACC 1495.83 1511.57 1534.18 1549.92 1572.53 1588.27 1610.88
ADANIENT 493.62 500.63 509.92 516.93 526.22 533.23 542.52
ADANIPORTS 281.25 285.9 293.6 298.25 305.95 310.6 318.3
ADANIPOWER 49.27 49.58 49.92 50.23 50.57 50.88 51.22
ALBK 112.22 113.48 115.22 116.48 118.22 119.48 121.22
AMBUJACEM 207.3 210.3 215.4 218.4 223.5 226.5 231.6
ANDHRABANK 70.67 71.43 72.47 73.23 74.27 75.03 76.07
APOLLOHOSP 1151.43 1162.07 1177.28 1187.92 1203.13 1213.77 1228.98
APOLLOTYRE 176.5 185 197.75 206.25 219 227.5 240.25
ARVIND 307.83 312.67 316.78 321.62 325.73 330.57 334.68
ASHOKLEY 37.03 37.62 38.18 38.77 39.33 39.92 40.48
ASIANPAINT 627.65 638.8 656.7 667.85 685.75 696.9 714.8
AUROPHARMA 813.57 821.83 834.87 843.13 856.17 864.43 877.47
AXISBANK 406.72 410.73 416.37 420.38 426.02 430.03 435.67
BAJAJ-AUTO 2293.37 2316.83 2340.67 2364.13 2387.97 2411.43 2435.27
BANKBARODA 875.9 881.15 888.15 893.4 900.4 905.65 912.65
BANKINDIA 274.63 278.07 282.28 285.72 289.93 293.37 297.58
BATAINDIA 1296.55 1313.1 1331 1347.55 1365.45 1382 1399.9
BHARATFORG 842.03 848.62 857.68 864.27 873.33 879.92 888.98
BHARTIARTL 395.08 398.62 401.28 404.82 407.48 411.02 413.68
BHEL 214.13 216.32 218.93 221.12 223.73 225.92 228.53
BIOCON 487.9 493.4 497.7 503.2 507.5 513 517.3
BPCL 677.05 683.8 694 700.75 710.95 717.7 727.9
CAIRN 327.53 329.77 333.53 335.77 339.53 341.77 345.53
CANBK 377.73 382.02 388.93 393.22 400.13 404.42 411.33
CENTURYTEX 610.13 616.57 625.48 631.92 640.83 647.27 656.18
CESC 714.63 725.77 742.58 753.72 770.53 781.67 798.48
CIPLA 554.93 557.97 561.58 564.62 568.23 571.27 574.88
COALINDIA 355.37 359.73 367.52 371.88 379.67 384.03 391.82
COLPAL 1509.42 1527.23 1559.17 1576.98 1608.92 1626.73 1658.67
CROMPGREAV 212.97 216.43 221.52 224.98 230.07 233.53 238.62
DABUR 223.6 225.4 226.7 228.5 229.8 231.6 232.9
DISHTV 53.57 54.13 55.02 55.58 56.47 57.03 57.92
DIVISLAB 1620.82 1640.93 1663.72 1683.83 1706.62 1726.73 1749.52
DLF 164.03 167.32 172.13 175.42 180.23 183.52 188.33
DRREDDY 2961.67 2976.83 2996.72 3011.88 3031.77 3046.93 3066.82
EXIDEIND 159.48 161.42 162.73 164.67 165.98 167.92 169.23
FEDERALBNK 121.98 123.27 125.28 126.57 128.58 129.87 131.88
Alankit Assignments Ltd 12 | P a g e
STOCKS S3 S2 S1 PIVOT R1 R2 R3
GAIL 442.1 447.15 451.75 456.8 461.4 466.45 471.05
GLENMARK 747.2 756.75 764.9 774.45 782.6 792.15 800.3
GMRINFRA 23.95 24.2 24.6 24.85 25.25 25.5 25.9
GODREJIND 322.87 331.28 344.07 352.48 365.27 373.68 386.47
GRASIM 3495.7 3540.05 3608.3 3652.65 3720.9 3765.25 3833.5
GSKCONS 4423.63 4446.82 4488.63 4511.82 4553.63 4576.82 4618.63
HAVELLS 256.83 264.37 276.13 283.67 295.43 302.97 314.73
HCLTECH 1618.13 1634.12 1653.88 1669.87 1689.63 1705.62 1725.38
HDFC 1033.3 1042.95 1049.8 1059.45 1066.3 1075.95 1082.8
HDFCBANK 842.52 848.83 859.37 865.68 876.22 882.53 893.07
HDIL 91.88 92.97 94.23 95.32 96.58 97.67 98.93
HEROMOTOCO 2679 2717 2754 2792 2829 2867 2904
HEXAWARE 161.07 165.18 171.07 175.18 181.07 185.18 191.07
HINDALCO 164.37 166.43 170.07 172.13 175.77 177.83 181.47
HINDPETRO 460.25 469.65 484.1 493.5 507.95 517.35 531.8
HINDUNILVR 720.17 726.08 735.87 741.78 751.57 757.48 767.27
HINDZINC 167.17 169.48 171.77 174.08 176.37 178.68 180.97
IBREALEST 66.6 67.5 68.8 69.7 71 71.9 73.2
ICICIBANK 1538.25 1547.15 1560.2 1569.1 1582.15 1591.05 1604.1
IDBI 73.07 73.73 74.72 75.38 76.37 77.03 78.02
IDEA 162.62 164.08 165.42 166.88 168.22 169.68 171.02
IDFC 140 141.7 142.8 144.5 145.6 147.3 148.4
IFCI 31.75 32.15 32.9 33.3 34.05 34.45 35.2
IGL 381.33 385.22 389.33 393.22 397.33 401.22 405.33
INDIACEM 118.48 119.87 121.58 122.97 124.68 126.07 127.78
INDUSINDBK 609.62 613.03 618.07 621.48 626.52 629.93 634.97
INFY 3690.43 3710.42 3744.03 3764.02 3797.63 3817.62 3851.23
IOB 57.93 58.57 59.43 60.07 60.93 61.57 62.43
IOC 377.7 383.45 393.2 398.95 408.7 414.45 424.2
IRB 248.7 255.6 260.9 267.8 273.1 280 285.3
ITC 347.38 349.22 351.78 353.62 356.18 358.02 360.58
JINDALSTEL 226.13 229.82 234.03 237.72 241.93 245.62 249.83
JISLJALEQS 86.33 87.57 88.33 89.57 90.33 91.57 92.33
JPASSOCIAT 30.5 31.7 33.55 34.75 36.6 37.8 39.65
JPPOWER 12.93 13.17 13.53 13.77 14.13 14.37 14.73
JSWENERGY 76.52 77.68 79.02 80.18 81.52 82.68 84.02
JSWSTEEL 1285.77 1298.13 1319.47 1331.83 1353.17 1365.53 1386.87
JUBLFOOD 1303.57 1314.78 1328.72 1339.93 1353.87 1365.08 1379.02
JUSTDIAL 1690.15 1703.05 1718.5 1731.4 1746.85 1759.75 1775.2
KOTAKBANK 1043 1054.25 1065.4 1076.65 1087.8 1099.05 1110.2
Alankit Assignments Ltd 13 | P a g e
STOCKS S3 S2 S1 PIVOT R1 R2 R3
KTKBANK 125.98 127.42 129.63 131.07 133.28 134.72 136.93
L&TFH 65.9 66.5 67.2 67.8 68.5 69.1 69.8
LICHSGFIN 316.58 318.67 322.23 324.32 327.88 329.97 333.53
LT 1607.13 1613.22 1622.13 1628.22 1637.13 1643.22 1652.13
LUPIN 1318.63 1327.12 1334.83 1343.32 1351.03 1359.52 1367.23
M&M 1359.03 1377.07 1389.03 1407.07 1419.03 1437.07 1449.03
M&MFIN 271.7 274.35 277.4 280.05 283.1 285.75 288.8
MARUTI 2816.83 2843.02 2887.63 2913.82 2958.43 2984.62 3029.23
MCDOWELL-N 2187.03 2223.52 2254.83 2291.32 2322.63 2359.12 2390.43
MCLEODRUSS 289.02 291.53 293.72 296.23 298.42 300.93 303.12
MRF 25227.87 26228.93 27967.22 28968.28 30706.57 31707.63 33445.91
NHPC 20.67 20.78 20.97 21.08 21.27 21.38 21.57
NMDC 179.43 181.57 183.13 185.27 186.83 188.97 190.53
NTPC 136.17 138.48 139.87 142.18 143.57 145.88 147.27
OFSS 3548.3 3576.15 3595.4 3623.25 3642.5 3670.35 3689.6
ONGC 441.42 444.98 450.37 453.93 459.32 462.88 468.27
ORIENTBANK 266 269.5 274.95 278.45 283.9 287.4 292.85
PETRONET 178.52 182.08 184.92 188.48 191.32 194.88 197.72
PFC 257.2 259.85 262.4 265.05 267.6 270.25 272.8
PNB 927 932.4 941.15 946.55 955.3 960.7 969.45
POWERGRID 128.7 130.6 132 133.9 135.3 137.2 138.6
PTC 85.53 86.27 87.53 88.27 89.53 90.27 91.53
RANBAXY 646.78 650.62 655.78 659.62 664.78 668.62 673.78
RCOM 109 110.35 111.25 112.6 113.5 114.85 115.75
RECLTD 265.67 268.83 270.87 274.03 276.07 279.23 281.27
RELCAPITAL 514.87 521.73 530.27 537.13 545.67 552.53 561.07
RELIANCE 1023.68 1028.27 1034.83 1039.42 1045.98 1050.57 1057.13
RELINFRA 652.67 666.83 676.07 690.23 699.47 713.63 722.87
RPOWER 73.75 74.5 75.2 75.95 76.65 77.4 78.1
SAIL 82.65 83.45 84 84.8 85.35 86.15 86.7
SBIN 2497 2514.75 2544.9 2562.65 2592.8 2610.55 2640.7
SIEMENS 837.02 849.63 871.77 884.38 906.52 919.13 941.27
SRTRANSFIN 932.35 950.35 962.55 980.55 992.75 1010.75 1022.95
SSLT 278.93 280.82 283.03 284.92 287.13 289.02 291.23
SUNPHARMA 850.82 856.28 862.92 868.38 875.02 880.48 887.12
SUNTV 328.68 339.02 345.83 356.17 362.98 373.32 380.13
SYNDIBANK 108.63 111.07 114.63 117.07 120.63 123.07 126.63
TATACHEM 402.57 407.78 413.47 418.68 424.37 429.58 435.27
TATACOMM 370.67 376.58 385.67 391.58 400.67 406.58 415.67
TATAGLOBAL 158.52 160.68 163.12 165.28 167.72 169.88 172.32
Alankit Assignments Ltd 14 | P a g e
STOCKS S3 S2 S1 PIVOT R1 R2 R3
TATAMOTORS 498.5 502.1 507.7 511.3 516.9 520.5 526.1
TATAMTRDVR 362.17 366.08 370.47 374.38 378.77 382.68 387.07
TATAPOWER 84.9 86.2 87.2 88.5 89.5 90.8 91.8
TATASTEEL 503.62 507.63 513.37 517.38 523.12 527.13 532.87
TCS 2564.2 2582.9 2614.7 2633.4 2665.2 2683.9 2715.7
TECHM 2435.17 2450.08 2475.17 2490.08 2515.17 2530.08 2555.17
TITAN 377.73 381.62 384.53 388.42 391.33 395.22 398.13
UBL 687.92 701.58 719.67 733.33 751.42 765.08 783.17
UCOBANK 81.45 82.65 84.2 85.4 86.95 88.15 89.7
ULTRACEMCO 2623.65 2647.05 2687.2 2710.6 2750.75 2774.15 2814.3
UNIONBANK 203.35 205.35 207.7 209.7 212.05 214.05 216.4
UNITECH 22.2 22.55 23.05 23.4 23.9 24.25 24.75
UPL 359.58 366.07 374.33 380.82 389.08 395.57 403.83
VOLTAS 248.87 252.98 258.37 262.48 267.87 271.98 277.37
WIPRO 566.03 572.47 583.13 589.57 600.23 606.67 617.33
YESBANK 602.95 607.55 615.6 620.2 628.25 632.85 640.9
ZEEL 276.47 278.78 281.07 283.38 285.67 287.98 290.27
Disclaimer : The information contained in this report is extracted from different public sources and does not
represent views/ opinions of Alankit Assignments Ltd or its associated companies. Alankit Assignments Ltd
does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for
any errors or omissions or for its results obtained from the use of such information. All reasonable care has
been taken to ensure that the information contained herein is not misleading or untrue at the time of
publication. This is not a sales literature and all the information is for the information of the person to whom
it is provided without any liability whatsoever on the part of Alankit Assignments Ltd or any associated
companies or any employee thereof. Alankit Assignments Ltd and/ or its directors and/ or its affiliates and/
or employees or any of its affiliates may have interests/ positions, financials or otherwise in the securities or
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manner without the prior consent of Alankit Assignments Ltd. Neither Alankit Assignments Ltd not its
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special or consequential including lost revenue or lost profits that may arise from or in connection with the
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