Building Wealth Over Generations · 2019-04-08 · Welcome Note Welcome to India Cements Investment Services Ltd works!! The world out there is uncertain. On this backdrop, the market

Disclosures and Disclaimer : This report must be read with the disclosures in the Disclosure appendix, and with the Disclaimer, which forms part of it. This document does not contain any investment views or opinions.

Building Wealth Over Generations...

Daily Research Reports

Welcome NoteWelcome to India Cements Investment Services Ltd works!!

The world out there is uncertain. On this backdrop, the market volatility is bound to increase. Believe us, even the big investors’ sentiment will

oscillate—and that is why it is important for us to safely navigate these difficult times.

To do so, India Cements Investment Services Ltd brings you this daily market commentary which will help you to sharpen your instincts on investments

in equity markets, gold, silver, crude-oil, USD/INR, the Dow Jones index, Hang Seng index, Euro-Dollar, etc. On the next few pages, you can learn more

about the same. We would love to answer any further questions you may have in a one-one discussion.

We are pleased to inform you that this report features contributions from the finest analytical minds in the business and are distinguished by our

proactive consulting approach, timely advice, and specific recommendations. We take satisfaction in seeing clients realize their dreams.

The India Cements Investment Services Ltd team would like to take this opportunity to thank our readers for their support and feedback over the years.

We hope you enjoyed reading this daily newsletter. Above all, we wish that this experience is both professionally and personally rewarding.

If you have any queries please do contact me or any member of India Cements Investment Services Ltd team and we would be glad to assist.

Best Regards,

Team India Cements Investment Services LtdCall Us: 044 - 28572600.www.icisinvest.com

A Legacy of Wealth Building Plan.

Friday16th March, 2018

Title Page No.

Top of the Morning 04-06

Top Picks 07-08

Equity Derivatives 09

Daily Pivot Table (Equities) 10

Compass & Navigator 11-13

Daily Pivot Table (Commodities) 14

Disclaimer 15

CONTENTS

Top of the Morning TOP PICKS

COMPASS & NAVIGATOR

ICISL Invest “Top of the Morning”

ICISL Invest “Top of the Morning” newsletter provides insights and themes for Indian equity markets. We also try and cover international themes for the day. This newsletter is quite popular with traders as it covers the most preferred trading strategy for Sensex/Nifty for the day.

In Chart of the day section, we recommend a stock which is likely to move significantly in the short term, clearly defining the supports, the resistances and bias for the stock.

In a nutshell, ICISL Invest “Top of the Morning” covers themes and insights for the day.

Top of the Morning

Transform your Investments. Elevate your life.

www.icisinvest.comTransform your Investments. Elevate your life.


Nifty Outlook

Intraday

Medium Term

Long Term

Key Levels to Watch

Nifty Support

Nifty Resistance

Pivot Level

Nifty

Outlook for the Day

INDICES

Nifty

Bank Nifty

Nifty Auto Index

Nifty FMCG Index

Nifty Infra Index

Nifty IT Index

Nifty Media Index

Nifty Midcap Index

Nifty Metal Index

Nifty Pharma Index

Nifty Reality Index

Nifty Smallcap Index

Sensex

SGX Nifty

Dear Valued Investor,

Good Morning & Welcome to Friday’s trading action at Dalal Street, dated 16th of March

2018.

Judging by early trends at SGX Nifty, it appears yet another disappointing day on cards for

benchmark Nifty.

Dalal Street also not seen cheering to World Bank’s reports that the Indian economy is set

to revert to its trend growth rate of 7.5% in the coming years as it bottoms out from the

impact of the Goods and Services Tax (GST) and demonetization.

As per the report, India's GDP growth is projected to reach 6.7% in 2017-18 and accelerate

to 7.3% and 7.5% in 2018-19 and 2019-20 respectively.

The report said that services will continue to remain the main driver of economic growth;

industrial activity is poised to grow, with manufacturing expected to accelerate following

the implementation of the GST, and agriculture will likely grow at its long-term average

growth rate,

We are sure, the Goldilocks economy, one with high economic growth and lower inflation,

will be the key catalyst working in favor of the bulls with medium and long term

perspective.

But for the time being, looks like, worries are likely to persist at our stock markets and one

could simply blame it to a potential global trade war, especially after White House

confirmed that it will seek a $100 billion reduction in the U.S. trade deficit with China

Interestingly, Wall Street was seen rebounding in yesterday’s trade, halting its 3-session

skid as worries over President Trump’s protectionist stance against trading partners

outweighed a flurry of solid economic data.

Economic releases on Thursday on jobless claims and manufacturing data indicated the

domestic economy remained healthy.

Now, before we get into detail, let check out the catalysts surrounding Dalal Street:

1. The street will now keep a close eye on the Foreign exchange reserves data for the

week ended March 9 and deposits & bank loan growth data for week ended March 2

on Friday.

2. The trade deficit narrowed to $12 billion in February, its lowest in five months, amid

concern that a global trade war could hit its exports because of US President Donald

Trump's decision to hike import taxes on steel and aluminum.

3. Crude oil prices were receiving support from healthy demand. The Organization of

the Petroleum Exporting Countries (OPEC) said on Wednesday that oil consumption

was expected to grow by 1.62 million barrels per day (bpd) in 2018.

4. Investors focus will be also on the primary market which will be full of action as

around Rs 10,000 crore worth of IPOs will hit the Dalal Street. Prominent amongst

them are:

A. Bharat Dynamics IPOs was fully subscribed.

B. Hindustan Aeronautics will open their IPOs worth Rs 4,200 crore for subscription on

Friday.

C. Bandhan Bank's Rs 4,473 crore IPO which opened on Thursday was subscribed 42%

on day 1.

D.Karda Construction, Rs 77-crore public issue of will open on Friday.

10360 -0.49%

24792 -0.24%

11051 -0.08%

26381 -0.57%

3386 -0.27%

12762 -0.19%

3326 -0.89%

5090 0.20%

3753 -0.31%

8670 -0.36%

320 -0.11%

8223 0.84%

33685 -0.44%

10380 0.16%

Positive session likely

Neutral (10311-10429)

Neutral (9950-10871)

Positive (11201)

10311 & 10241

10471 & 10551

10111

Technical Strategy



Outlook for Friday: Strength on Nifty seen only above 10551.

At the time of writing, SGX Nifty was seen drifting, down 16 points or 0.15% at 10,347.

Our call of the day suggests volatility will continue to be the hallmark of today’s trade,

but stock specific risk-on trades likely to dictate the set-up in today’s session. Aggressive

traders will look for bargain hunting.

Our chart of the day suggests buying Voltas at CMP with interweek perspective, while

Reliance Industries chart patterns are negative at the moment.

Technically speaking, the make or break level for the day is 10551 hurdles. If Nifty is

unable to clear 10,551 mark, it is safe assume that it's just a dead cat bounce.

Judging by early trends of SGX Nifty and yesterday’s struggling action at Dalal Street, it

appears Nifty is unlikely to move past the psychological 10551 mark.

If Nifty holds 10551 hurdles and moves below the 10321 mark, then expect waterfall of

selling, taking Nifty down to 10271 and then finally at psychological 10,000 mark

Bullish stocks: Voltas, Ashok Leyland, Tata Global, Grasim, UPL, Eicher Motors, SUN TV,

Maruti.

Bearish stocks: Reliance Industries, HCC, IDEA, SBI, PNB, Allahabad Bank, OBC, Bank of

India, HDIL, PFC.

SHOW ME THE MONEY: Buy LIC HOUSING FINANCE (CMP 523.20): LIC Housing

Finance after testing supports at 475-485 zone is now seen back in action/momentum.

The stock is likely to enjoy strong bids and most probably will signal a major rebound on

daily charts. Accumulate at CMP, and on dips between 500-505 zone, with medium

perspective, as the stock is likely to run towards its Feb 2018 high at 536 mark. Aggressive

targets seen at 593-600 mark. Place stop below 489. Holding Period: 1 Month.Stocks banned in F&O segment for today: BALRAMCHINI, BANK OF INDIA, BEML,

DHFL, TV18BRDCST. New In Ban: ANDHRA BANK, IDBI, JP ASSOCIATES.Out of Ban: NIL.

Bulls Vs. Bears: Time to Pick a Side!!

For the day, we expect any excessive gains on Dalal Street to fizzle out.

Preferred trade on Nifty: Nifty (10360): Sell between 10401-10425 zone, targeting

10335 and then at 10033-10050 zone with stop at 10651.

Preferred trade on Bank Nifty: Bank Nifty (24792): Sell BANK NIFTY between 24951-

245101 zone, targeting 24101 and then at 23501-23601 zone with stop at 26351. Holding

Period: 3 days.

Daily Chart of Nifty:

HINDALCO

Action

Target

224.9

Buy

245

Hindalco was seen consolidating in

Thursday’s trade, down 0.79%. In last five

trading sessions, the stock was seen

consolidating at lower range.

Hindalco’s stock price is in a bullish position

where it wants to ascent above its major

hurdles placed at 243.

The stock price is signaling a rebound from an

oversold zone on the daily charts. The

momentum oscillators are shifting in buy mode

and recent increase in volumes are indicating a

sharp up move.

Key support to watch in near term is at 217-

221 zone.

Establishing long positions at CMP, and on dips

between 217-221 zone, targeting 233. Above

233, the stock is likely to aim 245-251 levels.

Stop below 215.05. Holding Period: 3 Weeks.

Supports – 221 & 217.

Resistance – 243 & 257.

There are always flowers,for those who want to feel them.

TOP PICKS (F & O) It's like having investment binoculars !

ICISL Invest Top Picks: It's like having Investment binoculars!!

When we want to see what's happening far off, we will reach for the binoculars. The binocular helps us to steer out of danger and also accurately spots our targets.

When it comes to trading / investing, that's exactly how ICISL Invest Top Picks helps us to identify the best five momentum stocks for the week. This daily newsletter introduces to the momentum stocks from the list of Future & Option segment, defining their support and resistance levels, and attempts to forecast their movement with a short /medium term perspective.


R2STOCKS LTP S1 S2 R1 TRADING STRATEGYBIAS

TOP PICKS (F & O) It's like having investment binoculars !


The interweek risk is on the upside with immediate targets at 9125. Momentum oscillators signaling major strength. Interweek Strategy: Buy at CMP, targeting 9001 and then at 9109-9125 zone with stop below 8761.

Tata Elxsi enjoyed a strong session in Thursday's trade, up 2.71%. Key intraday support seen at 1005. Interweek Strategy: Buy at CMP, targeting 1068 and then at 1095-1101 zone. Stop below 1003.45.

The stock has signaled a major rebound from a lower consolidation on daily charts. Interweek Strategy: Establish long positions between 272.50-273 zone, targeting 285 and then aggressive targets located at 290-292.50 zone. Stop below 271.05.

UPL is signaling a major rebound from an oversold zone on the daily charts. Key support seen at 715-717 zone. Key hurdles seen at 735. Interweek Strategy: Buy at CMP, targeting 735 and then at 761-767 zone. Stop below 713.05.

Voltas is aiming to move above its 3-day higher consolidation zone. The sequence of higher high/low still intact on daily, weekly and monthly charts. Interweek Strategy: Buy at CMP, targeting 651 and then more aggressive targets located at 665-667.50 zone. Stop below 629.

UPL: Swing traders get ready, Your favorite stock (UPL) is aiming a major rebound.

MARUTI

TATA ELXSI

TATA GLOBAL

UPL

VOLTAS

8837.5 8809 8677 9001 9125 Positive

1037.65 1021 1005 1068 1101 Positive

279.6 272.5 265 285 292.5 Positive

723.6 715 695 735 767 Positive

640.85 637.5 629 651 667.5 Positive

Changes in Open Interest (OI) in yesterday’s trade.

Nifty Spot

Bank Nifty Future

VIX

Premium

Nifty Future OI

Derivatives Strategies


EQUITY DERIVATIVESLooking into the future from present.

Bank Nifty Spot OI

Major Changes in Nifty Options (OI):


Market Summary:

In Thursday’s volatile & choppy trading session, the benchmark Nifty ended with modest losses.

Weakness in U.S markets and Asian markets weighed on sentiments.

Nifty slipped 0.49% to settle at 10,360.15.

The positive takeaway was that the market breadth indicating health of the market was strong.

Meanwhile, the BSE Mid-Cap index rose 0.49%. The S&P BSE Small-Cap index advanced 0.08%. Both

these indices outperformed the Sensex. Bargain hunting was seen as the preferred theme amongst

momentum stocks.

Amongst the sectoral indices, outperforming the Sensex/Nifty were the BSE Healthcare index (down

0.09%), the BSE IT index (down 0.04%), the BSE Telecom index (down 0.35%), the BSE Auto index

(down 0.01%) and the BSE Power index (up 0.14%).

Meanwhile, underperforming the Sensex were the BSE FMCG index (down 0.52%), the BSE Bankex

index (down 0.49%), the BSE Metal index (down 0.54%) and the BSE Oil & Gas index (down 1.04%).

Going forward, Nifty 10,500 will be crucial pivot resistance level to watch as maximum Call open

interest (OI) stands at that Strike Price, followed by 10,400. Call writing was seen at the strike price of

10,500. Call unwinding was seen at the strike price 10,700

Nifty’ must watch support levels would be 10,000 mark as maximum Put OI contracts were seen at

strike price 10,000 followed by 10,400 strike price. Put writing was seen at strike prices 9,800. Put

unwinding was seen at the strike price of 10,400.

The intraday bias shifts to neutral after yesterday’s consolidation. That said, aggressive traders could

look to buy stocks which are at oversold zone. The crucial support for Nifty is at 10000-10050 zone.

Major hurdles continue to be at 10,551 mark. Confirmation of strength only above 10551 mark.

For the day, aggressive traders can look to buy Nifty on any EXCESSIVE weakness with targets at

10500-10551 zone and then aggressive targets at psychological 10600.

As per Thursday’s provisional data available on the NSE, foreign institutional investors (FIIs) sold

shares worth Rs 705.40 crore, while domestic institutional investors bought shares worth Rs 256.45

crore in the Indian equity market.

Change in Stock Open Interest (OI) in previous day’s trade.

Long Buildup: DLF, ASIAN PAINTS, EQUITAS, SRTFIN, JUBFOOD.

Short Buildup: VEDL, RELIANCE, MOTHERSON, MARICO, TATA CHEM.

Short Covering: ANDHRA BANK, INDUSIND BANK, HEXAWARE, SAIL.

Long Unwinding: CANFINHOME, YES BANK, SUNTV, ACC.

Stocks banned in F&O segment for today: BALRAMCHINI, BANK OF INDIA, BEML, DHFL,

TV18BRDCST. New In Ban: ANDHRA BANK, IDBI, JP ASSOCIATES.Out of Ban: NIL.

Highest OI Nifty: Calls 10500 : 51.13 L - Puts 10000: 46.52 L

Highest OI Bank Nifty: Calls 25000: 7.05 L - Puts 24000: 12.70 L

Future Call: Buy HINDALCO MARCH between 222-224 zone,

targeting 233 and then at 245-247.50 zone with stop at 217. Holding

Period: 3 days. (HINDALCO MARCH FUTURES CMP 224.90).

Option Call: Sell DLF MARCH PE strike price 210 at CMP 1.55.

Maximum profit per lot: Rs. 7,700/-. Loss: Unlimited. Stop Loss: Exit

PUT option if DLF moves below 217. (DLF MARCH FUTURES CMP

226.25).

10360.15 (-0.49%)

24791.85 (-0.24%)

14.33 (-0.23%)

+06 vs +23

2.29 crores (+2.38%)

19.00 crores (-2.43%)

Calls in lakhs (% Change)

10400 43.24 (+3%)

10450 5.96 (+52%)

10500 51.13 (+11%)

10700 41.1 (+5%)

10800 32.6 (+6%)

Puts in lakhs (% Change)

10000 46.52 (-6%)

10250 3.38 (+51%)

10300 34.95 (-6%)

10350 3.33 (-25%)

10400 41.44 (-9%)

DAILY PIVOT TABLE


All level indicated above are based on cash market prices.

Pivot Point

PP : Pivot Point : This is trigger point for weekly buy/sell based on the price range of the previous week.R1 : Resistance one : 1st Resistance over PP. R2 : Resistance two : 2nd Resistance over R1.S1 : Support one : 1st support after PP. S2 : Support Two : 2nd support after S1.

As per the tool, the trader should take BUY position just above PP and keep the stop loss of PP and the first target would be R1.If R1 is crossed then R2 becomes the next target with the stop loss at R1.

Similarly if price goes below PP the trader should SELL and keep the PP as Stop loss and the first target would be S1.

If S1 is crossed then S2 becomes the next target with the stop loss at S1.This is a trading tool. The key to use of this tool is the use of STOP LOSS.

Instrument Close S1 S2 R1 R2 200 Day SMA Reversal Point Trend


NIFTY 10360.15 10330.9 10301.65 10404.7 10449.25 10375.45 10158.38 UP

BANKNIFTY 24791.85 24702.62 24613.38 24910.46 25029.08 24821.23 24814.79 DOWN

NIFTYMID50 5090.9 5069.92 5048.93 5119.17 5147.43 5098.18 4974.78 UP

ACC 1603.15 1593.83 1584.52 1614.73 1626.32 1605.42 1716.95 DOWN

ADANIENT 167.05 163.35 159.65 170.6 174.15 166.9 149.95 UP

ADANIPORTS 382.15 379.5 376.85 385.6 389.05 382.95 396.29 DOWN

AJANTPHARM 1379.8 1365.58 1351.37 1396.43 1413.07 1382.22 1364.32 UP

ALBK 51 49.63 48.27 51.93 52.87 50.57 69.11 DOWN

AMARAJABAT 793.75 783.3 772.85 809.6 825.45 799.15 796.22 DOWN

ANDHRABANK 42.95 41.83 40.72 43.73 44.52 42.62 56.14 DOWN

APOLLOTYRE 266.45 262.73 259.02 269.83 273.22 266.12 254.96 UP

ARVIND 400.4 395.48 390.57 406.38 412.37 401.47 400.25 UP

ASHOKLEY 150.55 149.12 147.68 151.82 153.08 150.38 116.47 UP

ASIANPAINT 1160.8 1140.72 1120.63 1172.32 1183.83 1152.23 1154.3 UP

AUROPHARMA 572.3 567.6 562.9 579.6 586.9 574.9 684.71 DOWN

AXISBANK 529.65 525.53 521.42 536.48 543.32 532.37 526.77 UP

BAJAJ-AUTO 2948.75 2932.87 2916.98 2968.27 2987.78 2952.38 3039.76 DOWN

BAJAJFINSV 5034.5 4989.68 4944.87 5109.68 5184.87 5064.87 4987.55 UP

BAJFINANCE 1726.25 1713.53 1700.82 1739.43 1752.62 1726.72 1687.56 UP

BALKRISIND 1057.55 1045.7 1033.85 1067.2 1076.85 1055.35 926.77 UP

BALRAMCHIN 86.95 85.37 83.78 89.47 91.98 87.88 148.16 DOWN

BANKBARODA 143.75 142.12 140.48 145.82 147.88 144.18 157.67 DOWN

BANKINDIA 103.7 101.85 100 105.7 107.7 103.85 154.55 DOWN

BATAINDIA 710.95 703.18 695.42 717.53 724.12 709.77 686.62 UP

BEL 151.3 149.43 147.57 153.73 156.17 151.87 166.31 DOWN

BEML 1100.3 1080.97 1061.63 1129.87 1159.43 1110.53 1549 DOWN

BERGEPAINT 250.05 247.37 244.68 251.87 253.68 249.18 251.84 DOWN

BHARATFIN 1063.5 1052.62 1041.73 1073.92 1084.33 1063.03 922.15 UP

BHARATFORG 738.6 733.32 728.03 744.12 749.63 738.83 654.12 UP

BHARTIARTL 420.45 417.03 413.62 424.08 427.72 420.67 440.57 DOWN

BHEL 87.05 86.45 85.85 87.7 88.35 87.1 91.04 DOWN

BPCL 462.05 456.93 451.82 466.33 470.62 461.22 486.25 DOWN

BRITANNIA 4868.25 4821.77 4775.28 4905.37 4942.48 4858.88 4379.03 UP

CANBK 264.45 259.03 253.62 268.33 272.22 262.92 345.06 DOWN

CANFINHOME 532.35 521.07 509.78 550.57 568.78 539.28 533.66 DOWN

CAPF 646.8 643.37 639.93 651.37 655.93 647.93 718.77 DOWN

CASTROLIND 205.1 203.73 202.37 207.23 209.37 205.87 195.18 UP

CEATLTD 1606.2 1591.03 1575.87 1617.68 1629.17 1602.52 1762.72 DOWN

CENTURYTEX 1197.05 1184.75 1172.45 1218.6 1240.15 1206.3 1257.17 DOWN

CESC 970.65 963.23 955.82 976.83 983.02 969.42 991.31 DOWN

CGPOWER 82.7 81.93 81.17 83.33 83.97 82.57 84.45 DOWN

CHENNPETRO 356.65 354.03 351.42 360.88 365.12 358.27 404.62 DOWN

CHOLAFIN 1479.2 1462.15 1445.1 1494.1 1509 1477.05 1216.87 UP

CIPLA 571.15 566.9 562.65 577.5 583.85 573.25 582.14 DOWN

COALINDIA 295.5 292.1 288.7 298.9 302.3 295.5 271.55 UP

COLPAL 1042.35 1034.17 1025.98 1048.37 1054.38 1040.18 1070.06 DOWN

CONCOR 1243.25 1236.6 1229.95 1250.65 1258.05 1244 1254.73 DOWN

CUMMINSIND 783 774.37 765.73 790.82 798.63 782.18 887.86 DOWN

DABUR 325.05 323.82 322.58 326.97 328.88 325.73 321.85 UP

DALMIABHA 2869.7 2809.47 2749.23 2922.47 2975.23 2862.23 2802.06 UP

DCBBANK 163.75 161.93 160.12 165.58 167.42 163.77 186.33 DOWN

DHFL 515.45 510.67 505.88 522.57 529.68 517.78 535.63 DOWN

DISHTV 69.35 67.92 66.48 71.67 73.98 70.23 77.46 DOWN

DIVISLAB 1084.55 1058.35 1032.15 1108.4 1132.25 1082.2 880.84 UP

DLF 225.45 220.68 215.92 228.73 232.02 223.97 206.87 UP

DRREDDY 2182.75 2167.03 2151.32 2208.43 2234.12 2192.72 2359.38 DOWN

EICHERMOT 28695.55 28572.63 28449.72 28875.83 29056.12 28752.92 29595.87 DOWN

EQUITAS 145.1 141.9 138.7 148.05 151 144.85 152.63 DOWN

ESCORTS 847.3 838.03 828.77 857.23 867.17 847.97 723.3 UP

EXIDEIND 217.55 214.35 211.15 219.65 221.75 216.45 210.76 UP

FEDERALBNK 93.65 92.83 92.02 95.03 96.42 94.22 109.94 DOWN

FORTIS 160.25 158.37 156.48 162.47 164.68 160.58 153.41 UP

GAIL 450.35 446.25 442.15 456.6 462.85 452.5 421.13 UP

GLENMARK 553.8 549.2 544.6 559.85 565.9 555.25 604.55 DOWN

GMRINFRA 18.45 18.02 17.58 18.77 19.08 18.33 18.37 UP

GODREJCP 1072.9 1063.33 1053.77 1087.18 1101.47 1077.62 944.46 UP

GODREJIND 549.3 545.23 541.17 554.18 559.07 550.12 600.86 DOWN

GRANULES 112.7 110.55 108.4 114.4 116.1 112.25 130.11 DOWN

GRASIM 1107.95 1096.3 1084.65 1125.3 1142.65 1113.65 1123.19 DOWN

GSFC 126.3 124.75 123.2 128.7 131.1 127.15 136.62 DOWN

HAVELLS 520.75 516.87 512.98 526.17 531.58 522.28 505.77 UP

HCC 32.4 32.02 31.63 32.72 33.03 32.33 37.56 DOWN

HCLTECH 959.15 952.07 944.98 969.42 979.68 962.33 880.31 UP

HDFC 1830 1822.37 1814.73 1842.67 1855.33 1835.03 1732.45 UP

HDFCBANK 1880.8 1868.17 1855.53 1890.47 1900.13 1877.83 1804.63 UP

HDIL 43.05 41.47 39.88 44.57 46.08 42.98 64.91 DOWN

HEROMOTOCO 3640.8 3618.53 3596.27 3676.53 3712.27 3654.27 3658.76 DOWN

HEXAWARE 380.25 374.1 367.95 388.9 397.55 382.75 295.87 UP

HINDALCO 224.9 222.9 220.9 227 229.1 225 238.64 DOWN

HINDPETRO 371.55 368.93 366.32 375.53 379.52 372.92 391.48 DOWN

HINDUNILVR 1299.95 1289.47 1278.98 1315.22 1330.48 1304.73 1239.36 UP

HINDZINC 318.45 315.5 312.55 322.55 326.65 319.6 295.3 UP

IBREALEST 209.3 206.25 203.2 214.1 218.9 211.05 217.06 DOWN

IBULHSGFIN 1237.95 1227.17 1216.38 1245.37 1252.78 1234.58 1208.62 UP

ICICIBANK 301.45 299.32 297.18 304.67 307.88 302.53 301.49 DOWN

ICICIPRULI 382.8 380.18 377.57 385.48 388.17 382.87 409.82 DOWN

ICIL 93.9 92.93 91.97 95.43 96.97 94.47 126.39 DOWN

IDBI 78.85 76.03 73.22 80.83 82.82 78.02 59.87 UP

IDEA 80.15 79.2 78.25 81.65 83.15 80.7 89.11 DOWN

IDFC 51.25 50.93 50.62 51.63 52.02 51.32 58.4 DOWN

IDFCBANK 50.25 50 49.75 50.55 50.85 50.3 56.53 DOWN

IFCI 22 21.7 21.4 22.35 22.7 22.05 24.98 DOWN

IGL 298.3 295.55 292.8 301.5 304.7 298.75 281.09 UP

INDIACEM 150.75 149.18 147.62 153.33 155.92 151.77 182.92 DOWN

INDIANB 304.6 301.37 298.13 308.47 312.33 305.23 326.67 DOWN

INDIGO 1265.7 1251.88 1238.07 1281.68 1297.67 1267.87 1192.84 UP

INDUSINDBK 1741.75 1727.17 1712.58 1753.17 1764.58 1738.58 1642 UP

INFIBEAM 151.7 151.22 150.73 152.52 153.33 152.03 141.76 UP

INFRATEL 337.9 334.48 331.07 343.08 348.27 339.67 380.55 DOWN

INFY 1182.5 1173.53 1164.57 1189.93 1197.37 1180.97 986.24 UP

IOC 192.05 189.78 187.52 193.78 195.52 191.52 186.68 UP

IRB 217.8 215.35 212.9 221.1 224.4 218.65 221.96 DOWN

ITC 265.55 263.87 262.18 268.57 271.58 266.88 277.69 DOWN

JETAIRWAYS 721.9 714.77 707.63 730.77 739.63 723.63 635 UP

JINDALSTEL 230.7 228.47 226.23 233.47 236.23 231.23 175.22 UP

JISLJALEQS 112.3 110.53 108.77 114.13 115.97 112.37 109.59 UP

JPASSOCIAT 19.2 17.02 14.83 20.42 21.63 18.23 19.7 DOWN

JSWENERGY 78.95 78.07 77.18 79.87 80.78 78.98 76.19 UP

JSWSTEEL 295.15 292.52 289.88 299.37 303.58 296.73 252.69 UP

JUBLFOOD 2147.1 2101.57 2056.03 2176.32 2205.53 2130.78 1549.93 UP

JUSTDIAL 450.65 443.47 436.28 456.87 463.08 449.68 442.68 UP

KOTAKBANK 1085.65 1078.88 1072.12 1092.18 1098.72 1085.42 1016.14 UP

KPIT 231.3 228.27 225.23 233.37 235.43 230.33 151.78 UP

KSCL 493.95 488.13 482.32 498.73 503.52 492.92 561.06 DOWN

KTKBANK 123.65 121.4 119.15 125.4 127.15 123.15 152.6 DOWN

L&TFH 162.05 161.03 160.02 163.48 164.92 162.47 172.84 DOWN

LICHSGFIN 523.2 516.95 510.7 528.7 534.2 522.45 626.53 DOWN

LT 1295.1 1288.27 1281.43 1305.77 1316.43 1298.93 1213.37 UP

LUPIN 776.65 769.63 762.62 787.83 799.02 780.82 961.1 DOWN

M&M 734.85 730.47 726.08 738.57 742.28 734.18 703.16 UP

M&MFIN 435.5 430.03 424.57 442.38 449.27 436.92 421.76 UP

MANAPPURAM 107.8 105.4 103 109.35 110.9 106.95 102.54 UP

MARICO 301.1 299.73 298.37 303.13 305.17 301.77 315.57 DOWN

MARUTI 8837.55 8800.67 8763.78 8874.72 8911.88 8837.83 8253.06 UP

MCDOWELL-N 3189.35 3139.22 3089.08 3222.27 3255.18 3172.13 2898.45 UP

MCX 825.1 779.37 733.63 852.67 880.23 806.93 984.69 DOWN

MGL 1031.35 1017.8 1004.25 1040.2 1049.05 1026.65 1059.01 DOWN

MOTHERSUMI 314.05 311.18 308.32 318.53 323.02 315.67 341.02 DOWN

MRF 71737.95 71234.29 70730.62 72093.74 72449.52 71590.07 67678.19 UP

MRPL 118.25 117.7 117.15 119.1 119.95 118.55 122.64 DOWN

MUTHOOTFIN 397.6 391.4 385.2 404.9 412.2 398.7 443.6 DOWN

NATIONALUM 65.8 64.27 62.73 66.77 67.73 65.23 75.35 DOWN

NBCC 198.15 196.5 194.85 200.45 202.75 198.8 221.26 DOWN

NCC 126.35 125.28 124.22 127.68 129.02 126.62 104.22 UP

NMDC 124.3 123.45 122.6 125.45 126.6 124.6 127.1 DOWN

NTPC 169.9 168.08 166.27 170.93 171.97 169.12 170.24 DOWN

OFSS 3922.7 3905.13 3887.57 3949.13 3975.57 3931.57 3738.4 UP

OIL 337.7 334.33 330.97 343.03 348.37 339.67 328.08 UP

ONGC 180.3 178.9 177.5 181.55 182.8 180.15 175.88 UP

ORIENTBANK 100.85 99.13 97.42 102.58 104.32 100.87 127.74 DOWN

PCJEWELLER 366.1 361.73 357.37 372.88 379.67 368.52 358.13 UP

PEL 2450.85 2430.88 2410.92 2474.58 2498.32 2454.62 2735.8 DOWN

PETRONET 237.4 235.72 234.03 239.47 241.53 237.78 236.68 UP

PFC 88.05 86.62 85.18 89.12 90.18 87.68 116.78 DOWN

PIDILITIND 909.55 900.92 892.28 917.82 926.08 909.18 838.1 UP

PNB 98.55 97.23 95.92 100.43 102.32 99.12 153.82 DOWN

POWERGRID 194.8 193.82 192.83 195.77 196.73 194.78 204.87 DOWN

PVR 1312.25 1300.53 1288.82 1328.43 1344.62 1316.72 1370.97 DOWN

RAMCOCEM 750.25 746.2 742.15 758.1 765.95 754.05 715.43 UP

RAYMOND 942.1 934.2 926.3 953.35 964.6 945.45 887.75 UP

RBLBANK 476.35 472.13 467.92 479.73 483.12 475.52 514.44 DOWN

RCOM 23.6 23.25 22.9 24.1 24.6 23.75 21.64 UP

RECLTD 128.95 127.57 126.18 130.42 131.88 129.03 154.9 DOWN

RELCAPITAL 445.85 440.63 435.42 453.53 461.22 448.32 540.87 DOWN

RELIANCE 911.8 904.72 897.63 924.17 936.53 917.08 850.6 UP

RELINFRA 449.45 444.1 438.75 457.1 464.75 451.75 483.04 DOWN

REPCOHOME 575.65 561.35 547.05 587.8 599.95 573.5 669.48 DOWN

RPOWER 39.95 39.42 38.88 40.67 41.38 40.13 42.34 DOWN

SAIL 75.3 72.75 70.2 77.1 78.9 74.55 71.84 UP

SBIN 253.7 251.23 248.77 257.48 261.27 255.02 290.83 DOWN

SHREECEM 16815.65 16598 16380.35 17126.65 17437.65 16909 17405.93 DOWN

SIEMENS 1132.6 1120.75 1108.9 1141.95 1151.3 1130.1 1265.16 DOWN

SOUTHBANK 25.65 25.35 25.05 25.9 26.15 25.6 29.46 DOWN

SREINFRA 83.65 81.67 79.68 85.27 86.88 83.28 105.75 DOWN

SRF 1877.75 1866.27 1854.78 1889.62 1901.48 1878.13 1698.8 UP

SRTRANSFIN 1460.65 1398.05 1335.45 1495.3 1529.95 1432.7 1181.02 UP

STAR 711.55 697.68 683.82 724.33 737.12 710.47 865.38 DOWN

SUNPHARMA 516.45 511.13 505.82 525.38 534.32 520.07 533.39 DOWN

SUNTV 920.7 908.88 897.07 940.73 960.77 928.92 855.23 UP

SUZLON 11.65 11.48 11.32 11.78 11.92 11.62 15.89 DOWN

SYNDIBANK 61.2 60.13 59.07 62.08 62.97 61.02 73.82 DOWN

TATACHEM 683.35 678.27 673.18 691.42 699.48 686.33 672.81 UP

TATACOMM 639.3 635.23 631.17 645.78 652.27 641.72 673.61 DOWN

TATAELXSI 1037.65 1015.07 992.48 1054.12 1070.58 1031.53 897.06 UP

TATAGLOBAL 279.6 276.43 273.27 283.58 287.57 280.42 228.85 UP

TATAMOTORS 353.1 350 346.9 357.3 361.5 354.2 415.89 DOWN

TATAMTRDVR 196.15 194.22 192.28 198.67 201.18 196.73 240.49 DOWN

TATAPOWER 80.25 79.77 79.28 80.97 81.68 80.48 84.47 DOWN

TATASTEEL 611.75 606.7 601.65 619.7 627.65 614.65 622 DOWN

TCS 2869.7 2849.35 2829 2896.3 2922.9 2875.95 2628.52 UP

TECHM 631.85 621.95 612.05 646.85 661.85 636.95 474.34 UP

TITAN 872.5 863.08 853.67 878.83 885.17 869.42 690.92 UP

TV18BRDCST 67.4 66.53 65.67 68.38 69.37 67.52 46.93 UP

TVSMOTOR 643.65 638.5 633.35 650.3 656.95 645.15 646.07 DOWN

UBL 1023.55 1014.3 1005.05 1033.8 1044.05 1024.55 942.03 UP

UJJIVAN 352.35 347.43 342.52 357.13 361.92 352.22 351.67 UP

UNIONBANK 101.25 99.8 98.35 103 104.75 101.55 142.48 DOWN

UPL 721.15 716.53 711.92 726.68 732.22 722.07 791.32 DOWN

VEDL 316.95 314.37 311.78 320.17 323.38 317.58 302.7 UP

VGUARD 237.6 234.83 232.07 240.13 242.67 237.37 207.21 UP

VOLTAS 640.35 635.63 630.92 644.98 649.62 640.27 559.42 UP

WIPRO 293.4 289.6 285.8 299.6 305.8 295.8 289.69 UP

WOCKPHARMA 777.65 759.8 741.95 803.75 829.85 785.9 697.87 UP

YESBANK 311.85 308.13 304.42 318.28 324.72 314.57 327.92 DOWN

ZEEL 570.4 566.47 562.53 576.47 582.53 572.53 544.59 UP

Compass & Navigator

Sailing Global & MCX Trendswith ICISL Compass & Navigator

Compass & Navigator is a daily newsletter that provides technical update on all the major instruments of the world like Gold, Silver, Crude Oil, US Dollar Index and USD/INR. We define their support and resistance levels and attempt to forecast their movement with a short / medium term perspective. Also in the report, a trader will find bias for the mentioned instruments.

This newsletter is also quite popular with a market participant who loves to have insight & theme on MCX Gold, MCX Silver as well MCX Crude-Oil.


Instrument TRADING STRATEGYLTP S1 S2 R1 R2 Bias

MCX GOLD

MCX SILVER

MCX CRUDE OIL

MCX COPPER

MCX NATURAL GAS

USD-INR

The Compass …Direction at a glance


MCX Gold was seen trading flat in yesterday's trade despite US Dollar inching up. Interweek Strategy: Establish long positions positions at CMP, targeting 30751 zone and then at 31001-31101 zone with stop at 30111.

Silver was trade rangebound, but with slight negative bias. Bias continues to be positive. Establish long positions at CMP, targeting 39601 and then at 40201-40501 zone with stop at 38451.

MCX Oil was seen inching up in yesterday's trade. Confirmation of major strength now only above 4150. The biggest support level to watch is at 3821. Interweek strategy: Buy at CMP, targeting 4150 zone and then at 4445-4505 zone with stop at 3821.

Copper prices were seen drifting in yesterday's trade. Copper now faces major hurdles at 461 zone. Support now seen at 438. Interweek strategy: Establish long positions at CMP, targeting 472.50 and then at 485-489 zone with stop at 441.

Natural Gas prices were seen slipping in yesterday's trade amid profit booking. Oversold conditions prevail. Key supports now at 163. Interweek strategy: Establish long positions at CMP, targeting 185 and then aggressive targets at 195-197.50 zone with stop at 161.

USD/INR was seen consolidating in yesterday's trade. Key intraday support seen at 64.50. Interweek Strategy: Sell at CMP, targeting 64.50 and then at 63.75-64 zone with stop above 65.45.

30269 30162 29706 30751 31101 Positive

38521 38667 37451 39601 40501 Positive

3978 3821 3601 4150 4505 Neutral

450 441 431 461 489 Neutral

174.10 163.00 151.00 185.00 192.00 Neutral

64.92 64.50 63.75 65.45 66.05 Negative

MCX Copper: Confirmation of major strength only above 461 zone.

Instrument TRADING STRATEGYLTP S1 S2 R1 R2

GOLD $

SILVER ($)

WTI CRUDE OIL ($ )

EUR/USD

Bias

The Navigator …Sailing global trend


DOW JONES

US Dollar Index

Crude-Oil prices were seen rebounding. Major strength seen above 63.05.

In yesterday's trade, gold prices were seen inching down. Major weakness now only below 1301. Interweek strategy: Establish long positions at CMP, targeting 1345 zone and then at 1355-1361 zone with stop at 1301.

Silver too traded with slight negative bias in yesterday's trade amid some weakness in yellow metal prices. Bias continues to be positive. Interweek strategy: Establish long positions above 17.05, targeting 17.75 and then at 18.01 zone with stop at 15.75.

Crude-Oil prices was seen trading with positive bias in yesterday's trade. Bias will shift to positive only above 63.05. Major strength above 63.05. Interweek strategy: Buy above 63.05, targeting 65.05 zone and then at 66-66.05 zone with stop at 58.45.

The EUR/USD was seen trading with positive bias. Technically, the bias continues to be bullish. Hurdles seen at 1.2501 and support seen at 1.2305.

The U.S. dollar was seen consolidating with slight negative bias in yesterday's trade. Technically, bias shifts to negative. Hurdles at 93.50. Immediate downside risk at 87.50.

The Dow Jones index was seen bouncing in yesterday's trade snapping 3 days losing streak. Technically, overbought conditions prevail. Hurdles at 26125.

1318 1311 1301 1345 1361 Positive

16.53 15.75 15.01 17.05 18.01 Positive

61.28 61 58.45 63.05 66.05 Neutral

1.2329 1.2205 1.2061 1.2501 1.2671 Positive

89.95 88.45 85.00 93.50 95.00 Negative

25011 23575 22251 26125 27005 Neutral

Close S1 S2 R1 R2200 Day

SMA Reversal

Point TrendCommodityExchange

DAILY PIVOT TABLE


MCX ALUMINUM

MCX CARDAMOM

NCDEX CASTOR

NCDEX CHANA

MCX COPPER

MCX COTTON

MCX CRUDE-OIL

MCX GOLD

NCDEX GAUR GUM

NCDEX GAUR SEED

NCDEX JEERA

MCX LEAD

MCX MENTHA OIL

MCX NATURAL GAS

MCX NICKLE

NCDEX RM SEED

MCX SILVER

NCDEX SUGAR

NCDEX SOYA BEAN

MCX ZINC

135.1 134.28 133.47 136.58 138.07 133.68 139.15 DOWN

1127.3 1119.87 1112.43 1134.87 1142.43 1088.81 1165 DOWN

4183 4168.33 4153.67 4199.33 4215.67 4388.18 4241 DOWN

3734 3706.67 3679.33 3754.67 3775.33 0 3844 DOWN

454.25 451.7 449.15 457.7 461.15 429.28 460.1 DOWN

20510 20413.33 20316.67 20673.33 20836.67 19478.4 21260 DOWN

3948 3908.33 3868.67 3981.33 4014.67 3472.22 4121 DOWN

30405 30325.33 30245.67 30515.33 30625.67 29337.45 30747 DOWN

9163 9135.33 9107.67 9195.33 9227.67 8255.25 8795 UP

4318.5 4294.33 4270.17 4343.33 4368.17 3830.91 4351 DOWN

14285 14163.33 14041.67 14358.33 14431.67 18937.82 14700 DOWN

155.5 154.08 152.67 157.93 160.37 155.99 161.9 DOWN

1157 1142 1127 1184 1211 1312.66 1280 DOWN

177.4 175.03 172.67 181.03 184.67 189.24 174.3 UP

894.1 886.93 879.77 904.63 915.17 737.51 927 DOWN

4143 4128.33 4113.67 4164.33 4185.67 3843.18 4127 UP

38757 38636 38515 38977 39197 38915.96 38174 UP

3070 3070 3070 3070 3070 3623.08 2651 UP

3782 3761.67 3741.33 3810.67 3839.33 3102.23 3917 DOWN

208.45 206.07 203.68 212.87 217.28 201.56 220.8 DOWN


DISCLAIMER: This is solely for information of clients of India Cements Investment Services Ltd and does not construe to be an investment advice. It is also not intended as an offer or solicitation for

the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and India Cements Investment Services Ltd its

subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and

authenticity of the information contained in this recommendation, but India Cements Investment Services Ltd or any of its subsidiaries or associates or employees shall not be in any way responsible for

any loss or damage that may arise to any person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information.

Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis

and news sources. The recommendations issued herewith might be contrary to recommendations issued by India Cements Investment Services Ltd in the company research undertaken as the

recommendations stated in this report is derived purely from technical analysis. India Cements Investment Services Ltd has based this document on information obtained from sources it believes to be

reliable but which it has not independently verified; India Cements Investment Services Ltd makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or

completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without notice. The information and any

disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The

recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The

information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The

information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be

unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your

entire investment.

POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report)Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.

India Cements Investment Services Ltd


#827, III Floor, DHUN Building, Anna Salai, Chennai - 600002.

Tel: 044 - 28572600. Fax : 044 - 28414583.

www.icisinvest.com

India Cements Investment Services Ltd

Documents

Building Wealth Over Generations · 2019-04-08 · Welcome Note Welcome to India Cements Investment Services Ltd works!! The world out there is uncertain. On this backdrop, the market