Published On 04 Dec 2018

Research Analyst Report

04 DEC
2018

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Nifty 10869.50 -14.25 (-0.13%)

Sensex 36134.31 -106.69 (-0.29%)

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 Market Wrap
Sensex closes over 100 points lower, Nifty below 10,900; IT stocks gain-

Market at Close Shares have closed lower, amid caution ahead of RBI’s monetary policy committee
meeting outcome on Wednesday. Uncertainty over US-China trade truce has also weighed on indices.

Among sectors, weakness was visible among automobiles, banks, consumption and infrastructure
names, while IT and pharma index ended in the green. The Nifty Midcap index was lower by around one-
third of a percent.

At the close of market hours, the Sensex closed down 106.69 points or 0.29% at 36134.31, while the Nifty
was lower by 14.30 points or 0.13% at 10869.50. The market breadth is negative as 1154 shares
advanced, against a decline of 1393 shares, while 143 shares were unchanged.

JSE surges 3% led by Sasol and Naspers-

The JSE started off the last month of 2018 on a positive note, jumping more almost 3% in broad-based
gains, as markets cheered easing US-China trade tension.

Risk assets generally were boosted by news of a 90-day truce between the world's two-largest economies,
with commodities also surging.

The all share added 2.79% to 52,079.2 points and the top 40 rose 3.12%. Industrials added 2.62%,
platinums 4.01% and resources 4.89%.

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Buzzing Stocks

Closing Bell: Gainers: BPCL, ONGC (+3%), Indiabulls HF (+2.5%). Losers: Sun Pharma, M&M (-3%),
Grasim (+2%).
Alkem Labs gains as USFDA Issues Form 483 with one observation.
Dr Lal Path Labs stock spurts 3.5%. Trading volume was 16 times its 20-day average.
Mahindra Holidays & Resorts stock up 1%. Trading volume was 11 times its 20-day average.
Shriram EPC jumps 12% on orders worth Rs 226 Cr in Jharkhand.
Shankara Building Products touches 52-week low; Stock down 10%.
Tata Motors rises 1% on strong growth in JLR November US sales.
Nifty Pharma index gains ~1%. Biocon (+2%), Cadila, Dr.Reddy’s, Cipla, Sun Pharma (+1%).

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Market Action

Dec 04, 15:30 Dec 04, 12:00

NEWS NEWS

IDBI Bank 59.80 0.30 (0.50%) Sun Pharmaceutical Industries

442.80 -12.50 (-2.75%)
Govt not to participate in LIC's open .
offer in IDBI Bank. Corporate governance issue hits Sun
Pharma; should you sell or buy on dips?

Dec 04, 11:45 Dec 04, 11:15

NEWS NEWS

Repco Home Finance 358.15 -5.85 (-1.61%) Alembic Pharmaceuticals

615.00 -0.65 (-0.11%)
Pabrai Investment Funds sells 3% stake in
Repco Home Finance for Rs 60 crore. Alembic Pharma's subsidiary gets USFDA
nod peptic ulcer drug.

Dec 04, 11:15 Dec 04, 11:15

NEWS NEWS

Yes Bank 176.55 -1.45 (-0.81%) Yes Bank 176.55 -1.45 (-0.81%)

Yes Mutual Fund receives SEBI nod to Year-end bonanza: These 25 stocks are
launch two schemes. trading below their 5-year avg PE.

Dec 04, 10:00 Dec 04, 10:00

NEWS NEWS

Hindustan Unilever State Bank of India 282.30 -4.70 (-1.64%)

1,808.25 -17.65 (-0.97%)
Podcast | Stock picks of the day: Hold Nifty
What should investors do with HUL after longs with a stop loss below 10,700.
.its deal with GSK; buy, sell or hold?

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Nifty Spot View
NIFTY (Bearish)
10869.50 -14.25 (-0.13%)
Intraday 52 Weeks

Open 10,877.10 High 10,890.95 11,760.20

Previous Close 10,883.75 Low 10,833.35 9,951.90

R2 10,921

R1 10,895

Pivot 10,864

S1 10,838

S2 10,807

JUSTIFICATION AND COMMENTS-

Benchmark indices are trading firm in the pre-opening trade with Nifty is above 10,900 level and the
Indian rupee opened marginally lower at 70.49 per dollar on Tuesday versus previous close 70. 45.
Benchmark indices started the day on the flat note with Nifty is trading below 10,900 due to Asian
shares fell in early trade on Tuesday as a relief rally sparked by a truce in the US-China trade war
gave way to doubts on whether the two countries are able to resolve their differences before a 90-
day deadline & Shares have closed lower, amid caution ahead of RBI’s monetary policy committee
meeting outcome on Wednesday. Uncertainty over US-China trade truce has also weighed on
indices and At the close of market hours the Nifty was lower by 14.30 points or 0.13% at 10869.50.

A day of consolidation for markets Nifty index ended just 14 points down to close at 10,889 on
Tuesday and Nifty index settled almost flat for the second consecutive session. Now Nifty index
look volatile because Nifty formed a bearish candle as the closing level was lower than the opening
level and Nifty continued to face resistance around 10,900 levels but failed to hold the same once it
closes above 10900-10930, it would open doors for 11,000 and The Minor Support for the index lies
in the zone 10838-10807 where short term bottom has been formed. & Resistance for the index lies
in the zone of 10895-10921 & the index manages to close above these levels then the index can
move to the levels of to 10952-11000

As per the pivot table 10838-10807 are The intraday support levels for the Nifty index. The
intraday resistance in the nifty index is seen in the range of 10895-10921.

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 Nifty Spot View
NIFTY BANK (Bearish)
26693.80 -163.75 (-0.61%) Intraday 52 Weeks

Open 26,809.50 High 26,843.80 28,388.65

Previous Close 26,857.55 Low 26,644.75 23,605.60

R2 26,925

R1 26,809

Pivot 26,727

S1 26,610

S2 26,527

JUSTIFICATION AND COMMENTS-

We believe the bank is well on track to return to its past glories. In Q2FY19, the bank returned to profit at
PAT level. Strategy on controlling credit cost and focus on credit quality has enabled bank to deliver
profits despite mark to market provision of Rs 1,749 crore and The bank enjoyed decent domestic credit
growth of 11.11 percent in Q2FY19 across retail and high rated corporate. The bank is expected to
leverage credit growth momentum; CD ratio stood at 66 percent in Q2FY1 and A unanimous status quo
in key policy interest rate is expected on December 5, the last day of the 14th meeting of the Monetary
Policy Committee.

Bank Nifty index settled almost flat for the second consecutive session amid caution ahead of RBI’s
monetary policy committee meeting outcome on Wednesday. Uncertainty over US-China trade truce
has also weighed on indices and Bank nifty index failed to broke the trend line zone 27,100, which
is proving to be an important resistance for it. Now Bank Nifty look bearish now because its formed
a bearish candel stick pattern and RBI’s monetary policy committee meeting outcome on
Wednesday. And The Minor Support for the index lies in the zone 26610-26527 where short term
bottom has been formed. & Resistance for the index lies in the zone of 26809-26925 & the index
manages to close above these levels then the index can move to the levels of to 27008-27050

As per the pivot table 26610-26527 are The intraday support levels for the Nifty Bank index.
The intraday resistance in the Bank Nifty index is seen in the range of 26809-26925.

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Key Indices
Today

Index LTP High Low % Change

Nifty 50 10,869.50 10,890.95 10,833.35 -14.25

Bank Nifty 26,693.80 26,843.80 26,644.75 -163.75

Nifty Next 50 27,599.15 27,773.40 27,561.90 -82.15

JUSTIFICATION AND COMMENTS-
Nifty 100 11,086.40 11,112.65 11,054.65 -16.80

Nifty 200 5,733.50 5,748.75 5,718.85 -9.25

Nifty 500 9,116.45 9,137.65 9,094.85 -10.45

Nifty Midcap 100 17,588.55 17,675.15 17,565.70 -41.40

Nifty Smallcap 100 6,272.20 6,314.40 6,262.55 +3.40

Advance/Decline
Index Advance Decline
Nifty 50 25 25

Nifty Next 50 19 30

Nifty 100 44 56
JUSTIFICATION AND COMMENTS-
Nifty 200 86 112

Nifty 500 226 264

Sector Indices Today

Index LTP High Low % Change

Nifty Metal 3,236.55 3,242.25 3,204.85 +8.70
Nifty Auto 9,212.20 9,276.85 9,199.00 -48.40
Nifty Energy 14,359.10 14,383.80 14,225.80 +25.35
Nifty Media
JUSTIFICATION AND COMMENTS-
2,542.05 2,554.65 2,512.85 +15.25
Nifty Realty 236.75 237.65 234.80 -0.85
Nifty Pharma 9,064.40 9,157.60 9,040.85 +11.00
Nifty Financial Services 11,351.30 11,422.20 11,310.05 -77.55
Nifty FMCG 30,150.70 30,476.45 30,111.10 -197.65
Nifty PSU Bank 2,904.80 2,955.45 2,899.65 -39.35

Nifty IT 14,999.90 15,015.10 14,728.20 +259.50

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 INDEX PULLERS AND DRAGGERS

Index Pullers Index Draggers

Contribution Contribution
Index LTP Change(%) Points Index LTP Change(%) Points

Infosys 685.25 14.90 (2.22%) 13.91 HDFC 1,939.45 -41.30 (-2.09%) -17.22

TCS 2,010.85 28.45 (1.44%) 7.55 HDFC Bank 2,085.55 -27.75 (-1.31%) -15.15

ICICI Bank 357.95 2.45 (0.69%) 3.93 M&M 740.30 -20.75 (-2.73%) -5.00

ONGC 146.15 3.65 (2.56%) 2.52 St Bk of India 282.55 -4.25 (-1.48%) -4.06

HCL Technologies 1,036.25 18.05 (1.77%) 2.48 Reliance Inds. 1,152.30 -4.15 (-0.36%) -3.58

Stock Showing Activity

Top Gainers- Nifty 500

Index LTP Change(%)
Equitas Holdings 124.50 11.20 (9.89%)

Thermax 1,104.20 79.50 (7.76%)

Dishman Carbogen 251.35 17.60 (7.53%)

JUSTIFICATION AND COMMENTS-
Ujjivan Fin.Ser. 231.45 13.20 (6.05%)

Trident 68.60 3.85 (5.95%)

Top Losers- Nifty 500

Index LTP Change(%)
Shankara Build. 562.05 -62.40 (-9.99%)

IL&FS Transport 14.20 -0.70 (-4.70%)

Eros Intl.Media 89.05 -3.85 (-4.14%)

JUSTIFICATION
Elgi Equipment
AND COMMENTS-
229.65 -9.75 (-4.07%)

SPARC 238.80 -9.70 (-3.90%)

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52-Weeks High-Low

52-Weeks High- Nifty 500 52-Weeks Low- Nifty 500

Index LTP Change(%) Index LTP Change(%)
Aurobindo Pharma 823.55 18.70 (2.32%) Shankara Build. 562.05 -62.40 (-9.99%)

Wipro 334.95 6.70 (2.04%) IL&FS Transport 14.20 -0.70 (-4.70%)

Hind. Unilever 1,807.65 -17.95 (-0.98%) SPARC 238.80 -9.70 (-3.90%)

JUSTIFICATION AND COMMENTS-
Time Technoplast 101.75 -3.35 (-3.19%)

Bliss GVS Pharma 145.25 -3.65 (-2.45%)

Global Indices

Index Date Value Change %Change

Straits Times 3,190.62 +73.01 +2.34%

Hang Seng 27,182.04 +675.29 +2.55%

Nikkei 225 22,574.76 +223.70 +1.00%

SSE (Shanghai) 2,654.80 +66.61 +2.57%

Nasdaq 7,330.54 +57.46 +0.79%

S&P500 03/12/2018 2,760.17 +22.41 +0.82%

Dow Jones Ind. Avg. 25,538.46 +199.62 +0.79%

DAX 11,545.49 +288.25 +2.56%

BEL-20 3,553.24 +65.35 +1.87%

CAC 40 5,101.60 +97.69 +1.95%

FTSE 100 7,139.79 +159.55 +2.29%

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 24 Carat Call
Today's Price Stats Moving Averages
Volume traded 1,424,621 30 Day 870.76
Titan Company Ltd. Weighted Avg Price
Face Value
928.41
1.0 50 Day 842.56
923.80 -12.45 (-1.33%) Prev. Close 936.25 150 Day 878.60
(Bearish) Open Price 935.00
200 Day 879.35
Bid Price(Qty.) 923.80 (214)

R2 947.7

R1 936.6

Pivot 929.05

S1 917.95

S2 910.4

JUSTIFICATION AND COMMENTS-

TITAN Looks bearish on daily charts.

- Stock has formed strong resistance level on daily chart & & Its failed to broke resistance level.

- Stock has been consolidated below resistance level and formed a bearish candelstick pattern on daily
chart with good volume.

- If stock will be broke its previous low then further downside movement will be come.

- Looking at the Chart Structure, Technical Pattern, Moving Averages, We are bearish on the Counter and
suggest buying in the next trading session.

SELL TITAN AROUND 925-922 TG: 910-900 SL: 935

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24 Carat Call Performance

Note: Profit is calculated on investment of Six Lacs.

Date Call Target/SL P&L

03 Dec 2018 SELL UPL AROUND 730-728 TG: 728-718 SL: 740 NOT EXECUTED

30 Nov 2018 BUY RBLBANK AROUND 548-550 TG: 560-575 SL: 538 TG: 560 `10,000/-

29 Nov 2018 BUY HINDALCO AROUND 225-226 TG: 230-234 SL: 221 NOT EXECUTED

26 Nov 2018 BUY GLENMARK AROUND 645-650 TG: 660-670 SL: 635 TG: 655 `9,000/-

22 Nov 2018 SELL JUSTDIAL AROUND 495-490 TG: 480-470 SL: 410 TG: 487 `9,600/-

21 Nov 2018 SELL RELIANCE AROUND 1120-1116 TG: 1100-1080 SL: 1035 (QTY: 530) TG: 1100 `10,000/-

20 Nov 2018 BUY TITAN AROUND 913-908 TG: 900-890 SL: 924 (QTY: 640 ) NOT EXECUTED

19 Nov 2018 BUY JINDALSTEL AROUND 179-180 TG: 184-188 SL: 175 (QTY: 3200 ) NOT EXECUTED

15 Nov 2018 SBIN BUY AROUND 282-285 TG: 290-295 SL: 277 (QTY: 2100) TG: 290 `16,500/-

14 Nov 2018 BUY TITAN AROUND 890-895 TG: 910/920 SL: 875 (QTY: 670) TG: 920 `20,000/-

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 Sanjay Digitally signed

Disclaimer by Sanjay Vaidya

Vaidya
Date: 2018.12.04
17:41:31 +05'30'

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