FIRST MORNING TECHNICAL CALL

Wednesday, November 30, 2016

TECHNICALS
MARKET OUTLOOK
NIFTY (8142) Nifty index opened positive and headed towards 8200 zones but lost by around 50 points from higher levels and closed near to its 200 DMA. It continued its
formation of higher highs higher lows but absence of follow up buying and selling pressure at higher zones has taken a halt in momentum. Recently it has seen recovery of 250
points from 7950 to 8200 zones and now if it fails to deliver strength by holding 8150 zones then it may drift towards 8080-8050 zones while holding above 8200 might attract
fresh move towards 8300 zones in next coming sessions. It formed an Inverted Hammer or Shooting Star kind of candle on daily chart which indicates a pause in bounce back if
follow up supply happens on next trading sessions.

NIFTY 50

COMMENTS
SENSEX (26394) BSE Sensex opened positive but after moving towards 26600
levels it witnessed selling in the last hour of trade. It failed to surpass its 200
DMA and formed an inverted hammer on daily chart. Finally the session
ended on a flattish note with the gains of around 44 points. Now, on the
downside it has support near to 26150 then 26000 zones while on the upside
hurdles near to 26500 then 26800 zones.

S&P BSE~SENSEX

PIVOT TABLE
NIFTY

SENSEX

BANK NIFTY

CNX IT

HIGH

8197

26587

18427

10150

LOW

8129

26355

18189

10043

CLOSE

8142

26394

18224

10060

PIVOT

8156

26445

18280

10084

R1

8183

26536

18371

10125

R2

8225

26678

18519

10191

S1

8115

26303

18133

10019

S2

8087

26213

18041

9978

FIRST MORNING TECHNICAL CALL

Wednesday, November 30, 2016
TECHNICAL CALLS

MARUTI : Rs. 5088

EXECUTION PRICE RANGE
Buy Between Rs. 4985 To Rs. 5035

STOP LOSS
4910.00

TARGET
5210.00

MARUTI has taken support at the rising trend line and is showing the signs of
bottoming out. It snapped the losses of previous two weeks and has turned
from the oversold territory. It gave the highest daily close of last ten trading
sessions and also looks attractive in terms of risk reward ratio. So, one can buy
the stock with the stop loss of 4910 for the upside immediate target of 5210
levels.

GODREJIND : Rs. 383

EXECUTION PRICE RANGE

STOP LOSS

TARGET

Buy Between Rs. 375 To Rs. 379

369.00

394.00

GODREJIND surpassed the immediate falling trend line and snapped the
losses of previous week. It moved above its 200 DMA and is giving the early
sign of bottom formation. The mechanical indicator is also supporting our
positive view in the stock and it also looks attractive in terms of risk reward
ratio. So one can buy the stock to grab the opportunity of attractive risk
reward ratio with the stop loss of 369 for the upside immediate target of 394
levels.

FIRST MORNING TECHNICAL CALL

Wednesday, November 30, 2016
TOP OUTPERFORMERS

INDIAN INDICES
INDICES
SENSEX
NIFTY

CHANGE
43.84
15.25

CLOSE
26394
8142

SENSEX

% CHG
0.17
0.19

SYMBOL
Maruti
Bharti Airtel
M&M
Hero Motocorp
JP Asso.

TURNOVER & MARKET CAP

Rs. (Cr.)
BSE Cash
NSE Cash
Derviatives(bn)

YEST'DAY
3012
18680
2163

PREV.DAY
2608
17896
2184

% CHG
15.46
4.38
-0.93

DII Equity
FII Equity
FII F&O

1234
-1436
2274

998
-373
4227

23.65
285.22
-46.20

INSTITUTIONAL ACTIVITIES

ADV
1581
1026

DECLINES

TOTAL

923
593

2504
1619

SYMBOL
Hindalco
Sun Pharma
ITC
TCS
Tata power

PREV CLOSE
14.5
64.1
9.7
7.7
23.3
46.1

CLOSE
14.56
62.85
9.60
7.46
22.50
46.06

% CHG
0.21
-1.92
-1.03
-3.49
-3.43
-0.13

SECTORAL INDICES
BSE
INDICES
CNX Bank
CNX IT
CNX Reality
CNX FMCG
CNX Infra
CNX Pharma
BSE Auto
BSE Metal
CNX MNC
BSE 500
Nifty Midcap
BSE 100

CLOSE
18224
10060
167
20307
2759
11061
19945
10605
9615
11076
3689
8390

NSE
%
-0.42
-0.46
0.48
-0.58
0.41
-0.44
2.20
-0.17
1.36
0.31
1.36
0.22

INDICES
BSE MIDcap
BSE SmallCap
BSE 200

CLOSE
12367
12174
3520

OTHER IMP.DATA

10 Yr Gsec yield
RS/$
$ Index
Brent Crude ($)
Gold ($)
Silver ($)

5090.9
324.2
1187.0
3160.1
7.7

3.96
2.11
1.98
1.89
1.86

SYMBOL
EICHER MOTORS
IDEA
MARUTI
GAIL
ASIAN PAINT

TOP UNDERPERFORMERS

CLOSE
175.5
706.3
231.2
2258.4
72.2

%
0.53
0.55
0.29
6.32
68.65
101.31
47.40
1187.84
16.55

PE

CURRENT

AVG

NIFTY

19.7

19.7

SYMBOL
CLOSE
OnMobile Global Ltd
92.1
Jai Corp Ltd
64.6
Can Fin Homes Ltd
1658.0
Bharat Financial Inclusion Ltd
734.0
Berger Paints India Ltd
241.2
KPR Mill Ltd
601.1
Titagarh Wagons Ltd
112.3
Texmaco Rail & Engineering Ltd
106.0
Manappuram Finance Ltd
76.4
Eicher Motors Ltd
21343.4
Bliss Gvs Pharma Ltd
146.6
Gateway Distriparks Ltd
232.6
HMT Ltd
36.8
Deepak Fertilisers & Petrochemicals Corp
194.5
Ltd
Alok Industries Ltd
2.8
Dewan Housing Finance Corp Ltd
251.8
Idea Cellular Ltd
79.2
Dalmia Bharat Ltd
1654.8
Biocon Ltd
918.5
Essel Propack Ltd
247.8
Godrej Industries Ltd
382.8
Vinati Organics Ltd
581.7
Bosch Ltd
20188.8
Maruti Suzuki India Ltd
5090.9
Adani Power Ltd
28.2

CLOSE
21294.1
79.3
5088.2
428.0
958.6

%
5.34
4.55
3.97
2.51
2.40

NIFTY
%
-1.74
-1.05
-0.99
-0.83
-0.76

BSE 500

TOP OUTPERFORMERS

INDIAN ADR's
ADR
Infosys
HDFC Bank
Wipro
ICICI Bank
Sterlite Inds.
Dr. Reddy's Lab

CLOSE

SENSEX

ADVANCES & DECLINES

EXCHANGE
BSE
NSE

NIFTY

SYMBOL
HINDALCO
BPCL
ITC
TECH MAHINDRA
TCS

CLOSE
175.4
643.8
231.1
483.9
2259.9

%
-1.82
-1.15
-1.13
-1.12
-1.00

TOP UNDERPERFORMERS
%
14.70
10.06
8.90
7.86
7.03
7.00
5.89
5.58
5.52
5.52
5.32
5.25
5.00
4.99
4.92
4.55
4.42
4.24
4.24
4.21
4.13
4.11
4.00
3.96
3.87

SYMBOL
CLOSE
HSIL Ltd
289.2
GE Power India Ltd
461.0
Himachal Futuristic Communications
12.6 Ltd
Oberoi Realty Ltd
275.6
Shilpa Medicare Ltd
648.2
Cox & Kings Ltd
163.3
Raymond Ltd
497.7
Gujarat Pipavav Port Ltd
141.1
Cadila Healthcare Ltd
398.0
Symphony Ltd
1220.7
Mangalore Refinery & Petrochemicals
98.2 Ltd
Oil India Ltd
415.2
Simplex Infrastructures Ltd
307.0
SpiceJet Ltd
64.0
Indoco Remedies Ltd
267.5
NIIT Ltd
73.5
Lycos Internet Ltd
7.9
CRISIL Ltd
2197.3
Hindustan Copper Ltd
60.0
Redington India Ltd
91.8
Tube Investments of India Ltd 573.8
Elgi Equipments Ltd
175.4
Greenply Industries Ltd
258.1
Shriram Transport Finance Co Ltd
908.1
Nilkamal Ltd
1376.6

%
-4.11
-3.95
-3.52
-3.32
-3.29
-3.26
-3.22
-3.19
-3.16
-3.11
-3.01
-2.95
-2.92
-2.66
-2.62
-2.58
-2.48
-2.45
-2.36
-2.34
-2.34
-2.28
-2.16
-2.03
-2.02

FIRST MORNING TECHNICAL CALL

Wednesday, November 30, 2016

TRENDER+ OF NIFTY 50 STOCKS

SCRIP NAME

OPEN

ACC
1321
AMBUJA CEMENT
205
ADANI PORTS & SPECIAL ECONOMIC ZONE
275 LTD
ASIAN PAINTS
940
AUROBINDO PHARMA
745
AXIS BANK
473
BHARTI AIRTEL
321
BHEL
128
BHARTI INFRATEL
364
BAJAJ AUTO
2641
BPCL
663
CIPLA
573
COAL INDIA
306
Dr.REDDY'S LABS
3174
EICHER MOTORS
20475
GAIL INDIA
412
GRASIM INDS
845
HCL TECH
810
HDFC
1247
HDFC BANK
1185
HERO MOTOCORP
3118
HINDALCO
180
HINDUSTAN UNILEVER
837
ICICI BANK
256
IDEA
79
IDFC
58
INDUSIND BANK
1048
INFOSYS
983
ITC
235
KOTAK MAHINDRA BANK
748
LUPIN
1510
LARSEN & TOUBRO
1360
MAHINDRA & MAHINDRA
1164
MARUTI SUZUKI
4890
NTPC
164
ONGC
284
POWERGRID
191
RELIANCE INDS
987
SAIL
51
SBI
255
SUNPHARMA
720
TATA STEEL
414
TCS
2275
TECH MAHINDRA
490
TATA POWER
74
TATA MOTORS
457
TATA MOTORS DVR
295
ULTRATECH CEMENT
3503
WIPRO
461
YES BANK
1154
ZEE ENTERTAINMENT ENTERPRISES LIMITED
456

HIGH

LOW

CLOSE

PIVOT

R1

R2

S1

S2

1340
207
280
967
747
476
326
130
373
2690
663
574
314
3205
21870
429
853
814
1285
1194
3183
181
841
259
80
59
1070
985
236
763
1523
1370
1201
5119
165
288
192
1004
52
257
722
418
2292
494
74
466
300
3563
467
1164
466

1307
204
268
935
730
463
317
128
364
2635
642
564
306
3160
20327
412
840
799
1242
1177
3074
175
830
254
78
57
1043
967
230
741
1486
1349
1159
4890
162
281
189
987
51
252
702
408
2251
481
72
451
292
3485
461
1141
453

1320
205
277
959
741
465
325
129
370
2664
644
569
308
3188
21294
428
849
805
1256
1179
3163
175
833
255
79
57
1060
973
231
745
1518
1352
1186
5088
163
285
189
998
51
253
707
409
2260
484
72
460
298
3536
465
1145
457

1322
205
275
954
739
468
323
129
369
2663
650
569
309
3184
21164
423
848
806
1261
1183
3140
177
834
256
79
58
1057
975
232
750
1509
1357
1182
5032
163
285
190
996
51
254
710
411
2268
487
73
459
297
3528
464
1150
459

1338
207
282
972
748
473
328
130
374
2691
657
574
313
3209
22000
434
855
813
1280
1190
3206
179
839
258
80
58
1072
983
234
758
1532
1365
1205
5175
165
288
191
1006
52
255
718
415
2284
492
73
467
301
3571
468
1158
465

1355
209
287
985
756
480
332
132
379
2718
671
579
317
3229
22706
440
860
821
1304
1201
3249
183
846
261
81
60
1085
992
238
771
1546
1378
1224
5261
166
291
193
1014
52
258
730
421
2308
500
74
474
304
3606
470
1172
472

1304
204
270
940
732
460
319
128
364
2636
636
564
305
3164
20458
417
842
799
1237
1172
3097
173
828
253
78
56
1045
965
229
737
1495
1344
1163
4946
162
281
188
988
50
251
698
405
2243
479
72
452
293
3493
462
1136
451

1289
202
262
922
723
455
313
127
359
2608
629
559
301
3139
19621
406
835
792
1217
1166
3031
171
823
251
77
56
1030
957
227
728
1473
1336
1139
4803
160
278
187
979
50
249
690
402
2227
473
71
444
289
3450
458
1128
445

TRENDER+
Flat
UP
UP
Flat
UP
Down
Down
Down
UP
UP
UP
UP
Flat
UP
Flat
UP
Flat
UP
Flat
Down
UP
Down
UP
Down
UP
Flat
Flat
UP
Flat
Down
UP
Down
Flat
Flat
UP
UP
UP
Flat
UP
Down
UP
UP
UP
UP
Flat
Flat
Flat
Flat
UP
Flat
Flat

DAILY PROJECTED RANGE

1330 - 1297
206 - 203
285 - 272
979 - 947
744 - 727
470 - 458
330 - 321
131 - 129
376 - 367
2705 - 2650
653 - 632
572 - 562
315 - 307
3219 - 3174
22353 - 20811
437 - 420
858 - 845
810 - 795
1292 - 1249
1186 - 1169
3228 - 3119
178 - 172
837 - 825
257 - 252
81 - 78
58 - 56
1079 - 1051
979 - 961
233 - 228
754 - 732
1539 - 1502
1361 - 1340
1215 - 1172
5218 - 4989
164 - 161
290 - 283
191 - 187
1010 - 992
51 - 50
255 - 250
714 - 694
413 - 403
2276 - 2235
489 - 476
73 - 71
471 - 456
303 - 295
3589 - 3511
469 - 463
1154 - 1132
468 - 455

FIRST MORNING TECHNICAL CALL

Wednesday, November 30, 2016

HOW TO TRADE USING THE TRENDER+

CLOSING PRICES
Closing price is the price at which scrip closes on the date mentioned in the report. Traders may initiate their intraday trade on this level. The stock or index should sustain above or below the pivot else you should exit the trade.

TREND
Trend is the level at which the tendency of stocks can be identified. For best results, you can use the 'trender' to trade. A 'weak' trend denoted by DOWN means that traders can trade with a negative bias. If the trend is 'strong',denoted by UP, one can trade with a positive bias on the
long side. Base price should be the pivot point price.

IF THE TREND IS UP
Ideally, for a buy position, buy at the pivot point and use S1 as the stop loss for a target of levels around R2 and higher.

IF THE TREND IS DOWN

Ideally, for a sell position, sell at the pivot point and use R1 as a stop loss and S2 or lower levels as a target level.
TRENDER + : This is a broad based technical trend of the stock prevailant, may or may not be necessarily for the day.
DAILY PROJECTED RANGE : Projected Daily high and low are indicative range for the day, if the price moves out of the range the trend in that side may accelerate and turn bullish or bearish.

THE TREND AND THE DAILY PROJECTED RANGE IS BASED ON CERTAIN SIMPLE CALCULATIONS WHICH IS PROVIDED BY BLOOMBERG, EXCLUSIVELY USED BY

ANAND RATHI

Disclaimer:-Thisreport has been issued by Anand Rathi Share and Stock Brokers Limited (ARSSBL), which is regulated by SEBI. The informationherein was obtained from various sources; we do not guarantee its accuracy or completeness. Neither the information nor any opinion expressed constitutes an offer, or an invitation to make an
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