Research Desk – Stock Broking Morning Moves November 13, 2014
Transcription
Research Desk – Stock Broking Morning Moves November 13, 2014
Research Desk – Stock Broking Morning Moves November 13, 2014 March 21, 2014 Market Buzz Global Indices Global Indices , 2012 SGX Nifty* Dow Jones NASDAQ S&P 500 FTSE 100 Nikkei 225* Hang Seng* Source : Bloomberg (Close) (Pts) Chg (%) 8431.50 17612.20 4675.14 2038.25 6611.04 17221.44 23937.01 17.50 -2.70 14.58 -1.43 -16.36 24.39 -1.17 0.21 -0.02 0.31 -0.07 -0.25 0.14 0.00 *(as of 7:30:00 am) IST) Oct CPI inflation eases to 5.52%, Sept IIP stands at 2.5% Aurobindo Pharma set to acquire US nutritional supplements maker Natrol for $133 million RPower to commission Rs 2000 cr solar plant in Rajasthan Tata Steel Q2 profit rises 37% on sale of land in Mumbai for Rs 1,145 crore as compared to Rs 916.8 crore in the year-ago period India Cements posts Rs7.49 crore profit in Q2 compared with a loss of Rs.31.44 crore a year ago Aditya Birla Nuvo Sept quarter net profit rises 56% to Rs 452.05 crore from Rs 290.15 crore IFCI Q2 net profit rises 24% to Rs173 crore Sectoral Gainers/Losers Chg( %) Sector (Close) (Pts) S&P BSE AUTO 18617.56 217.16 1.18 S&P BSE BANKEX 20117.78 223.20 1.12 S&P BSE POWER 2121.32 -29.36 -1.37 S&P ? BSE METAL Source: BSE India 11205.93 -102.29 -0.90 Source: Bloomberg, leading business newspapers & websites Market View * CD consumer durables Nifty : Top Gainers & Losers Gainers %Cg AXISBANK DLF AMBUJACEM KOTAKBANK BAJAJ-AUTO 3.19 2.23 1.84 1.80 1.78 Losers %Cg POWERGRID CIPLA TATAPOWER TATASTEEL NTPC -3.12 -2.86 -2.73 -2.56 -2.43 Source : NSE India Institutional Activity Cash Market Net Value Futures (FIIs) Net Value FII 459.47 Index 179.68 DII -559.44 Stock 556.49 Source: NSE India Value (Rs in crs) Intra-day Recommendations Scrip Code Act Entry SL Tgt MARUTI L 3352-3359 3345 3380 LICHSGFIN L 410-412 407 422 AUROPHAR L 1060-1062 1048 1085 YESBANK L 700-701 696 709 JINDALSTEL S Below 152 155 147 Note: Act=Action: Entry=Entry; SL=Stop loss; Tgt=Target; L= Long; S= Short, BLW= Below.ABV=Above CPI and IIP numbers likely to drive market towards new high: Nifty resolved its 5 days tight trading range on the higher side by gapping up, following the strong Asian cues on Wednesday. Nifty moved higher to make another all time high of 8415.05. Post European markets opening nifty moved southwards to fill the gap, but still managed to close positive at life time high of 8383.30. Going forward, on the macro front, inflation and IIP numbers released post market hours on Wednesday are better than expected might fuel this ongoing rally and nifty might move towards 8500 levels in the coming sessions. Technically nifty gave an upside breakout of 5days tight trading range, and closed above the range indicating its uptrend is resumed and can march higher. However on the lower side nifty moving below 8290, is an indication of caution to the ongoing up move. For the day, we recommend traders to buy Nifty around 8380 levels with a strict stop loss placed below 8350 levels for potential upside targets of 8430-8440 levels. Nifty Option: Sell Nifty Nov 8300 PE @ 38-40, Stop Loss: 8290, Targets: 20-25; TF: 3-4 Days. 1 For more Market updates & Stock Research, visit www.karvyonline.com Research Desk – Stock Broking DERIVATIVES INSIGHT Nifty Tracker Nifty Dynamics Particulars Current Previous % Chg Nifty Spot Near Fut Mid Fut Near Fut OI Near Mid Fut OI COC % Mid COC % Nifty PCR Vol Nifty PCR OI Market OI (Rs. cr.) 8383.30 8418.80 8469.85 2.38 0.18 10.30 8.97 1.05 1.05 203608 8362.65 8395.85 8446.40 2.32 0.17 9.06 8.50 1.10 1.10 196170 0.25 0.27 0.28 2.50 5.61 1.25 0.47 -4.59 -4.59 3.79 8.27 8.42 -1.78 14.43 14.80 -2.50 Market COC (%) India VIX Options Activity (Near Month) Nifty Nov futures premium increased to 35.50 points from 33.20 points. Futures added 6 lakh shares in OI. Nifty Dec futures premium increased to 86.55 points from 83.75 points. Futures added more than 94,000 shares in OI. India VIX ended at 14.43 while Nifty historical volatility decreased to 15.25% from 15.67%. Nifty put options added 30 lakh shares in open interest, while Nifty call options added 10 lakh shares. Nifty call options average Implied Volatility (IV) increased to 15.26% from 14.15% and Nifty put options average (IV) decreased to 13.35% from 13.90%. The average Market COC decreased to 1.78%, with total market open interest increased by 3.79% to Rs 2,03,608 crore. Positional Recommendations CESC Nov Fut: Buy @709-710 levels for targets of 720-722 with stop loss at 704 levels. CESC witnessed closure of short positions in yesterday’s trade. The stock shed nearly 6% of open interest during last trading session. The stock may test 720-722 levels in short term perspective. YESBANK Nov Fut: Buy @ 703-704 levels for targets of 716-718 with stop loss at 698 levels. Yes Bank witnessed addition of long positions in yesterday’s trade. Stock added more than 7% in open interest during last trading session. The stock has made new life time high of 704.70 in last trading session. We expect the stock to test 716-718 levels in short term. TATAMOTORS Nov 540 CE: Tata Motors 540 strike Call option has open interest of 5,29,500 shares. It added 24,000 shares in yesterday’s trade with IVs at 30.23%. Long positions can be assumed in the option between Rs.9-10 with stop loss at 5 (spot) levels, for targets of Rs 18-20. Hybrid Strategy Payoff Hybrid Strategy BEAR PUT IN CIPLA CIPLA Nov 620 PE has open interest of 74000 shares, with shed of 7500 shares in OI in last trading session and CIPLA Nov 590 PE has open interest of 34500 shares with shed of 15500 shares in OI in last trading session. Buy one lot of CIPLA Nov 620 PE @ 15-16 and Sell one CIPLA Nov 590 PE @ 5-6; Max Loss: Rs. 5000; Max Gain: Rs. 10000; BEP: 610. 2 For more Market updates & Stock Research, visit www.karvyonline.com Research Desk – Stock Broking PIVOT TABLE Scrip CMP S2 S1 Pivot R1 R2 28008.90 8383.30 27863.50 8345.07 27936.20 8364.18 28031.34 8389.62 28104.04 8408.73 28199.18 8434.17 AXISBANK BAJAJ-AUTO 481.15 2599.55 460.38 2515.95 470.77 2557.75 476.73 2591.35 487.12 2633.15 493.08 2666.75 BHARTIARTL BHEL 387.30 247.45 381.07 241.65 384.18 244.55 386.62 247.90 389.73 250.80 392.17 254.15 CIPLA COALINDIA 618.30 345.90 598.90 341.43 608.60 343.67 625.70 346.63 635.40 348.87 652.50 351.83 DRREDDY GAIL 3439.70 485.60 3397.77 479.87 3418.73 482.73 3440.47 487.37 3461.43 490.23 3483.17 494.87 HDFC HDFCBANK 1142.70 911.75 1118.57 896.18 1130.63 903.97 1140.07 911.93 1152.13 919.72 1161.57 927.68 HEROMOTOCO HINDALCO 2967.35 151.30 2907.12 148.87 2937.23 150.08 2956.12 151.87 2986.23 153.08 3005.12 154.87 HINDUNILVR ICICIBANK 770.00 1707.95 759.40 1683.62 764.70 1695.78 768.80 1705.37 774.10 1717.53 778.20 1727.12 INFY ITC 4106.00 369.50 4064.33 362.03 4085.17 365.77 4117.93 367.88 4138.77 371.62 4171.53 373.73 LT M&M 1613.50 1253.60 1586.23 1234.13 1599.87 1243.87 1621.93 1258.13 1635.57 1267.87 1657.63 1282.13 MARUTI NTPC 3359.75 142.20 3285.72 139.17 3322.73 140.68 3347.02 143.47 3384.03 144.98 3408.32 147.77 393.65 974.05 388.98 960.95 391.32 967.50 394.88 975.25 397.22 981.80 400.78 989.55 2746.05 241.75 2715.08 233.98 2730.57 237.87 2751.03 242.88 2766.52 246.77 2786.98 251.78 SUNPHARMA TATAMOTORS 906.05 531.85 872.25 515.22 889.15 523.53 907.00 530.22 923.90 538.53 941.75 545.22 TATAPOWER TATASTEEL 91.05 468.35 88.48 455.18 89.77 461.77 91.98 472.23 93.27 478.82 95.48 489.28 2591.75 556.05 2556.58 548.38 2574.17 552.22 2592.58 556.63 2610.17 560.47 2628.58 564.88 SENSEX NIFTY ONGC RELIANCE SBIN SSLT TCS WIPRO Corporate Actions Company Series Ex-Date Record Date Purpose NOIDATOLL EQ 17-Nov-14 18-Nov-14 Interim Dividend - Rs.1.00 PAGEIND EQ 17-Nov-14 18-Nov-14 2nd Interim Dividend - Rs.18.00 Results ALOKTEXT VOLTAS BALKRISIND BOMDYEING CAMSONBIO DLF TATAPOWER FINOLEXIND FORTIS GICHSGFIN HINDALCO HINDPETRO IOC MRPL NBCC CIPLA SUNPHARMA SAIL Sources: NSE India, BSE India, Bloomberg, Karvy Research, Leading Business Newspapers & Websites. 3 For more Market updates & Stock Research, visit www.karvyonline.com Research Desk – Stock Broking References Page 1: FII= Foreign institutional investor, DII= Domestic institutional investor. Page 2: Fut=Futures; COC=Cost of Carry; PCR = Put Call Ratio; Vol = Volume; OI = Open Interest; VIX = Volatility Index Page 3: Pivot Point: Intra-day trading tool that applies stop loss based on NSE prices. Pivot Point: This is a trigger point for intra-day buy/sell based on the price range of the previous day, based on NSE prices. R1 (Resistance 1): First resistance over pivot point; R2 (Resistance 2): Second resistance over R1. S1 (Support 1): First support below pivot point; S2 (Support 2): Second support below S1. As per the tool, the trader should take a BUY position just above the pivot point; the stop loss should be kept at the pivot point 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 the price falls below the pivot point, the trader should SELL, keeping the pivot point as the stop loss and the first target as S1. If S1 is crossed, then S2 becomes the next target with the stop loss at S1. Legends: BPP: Book part profits; BFP: Book full profits; AP: Average profits; EMA: Exponential moving average; SA: Simple average; RVS: Revised stop loss level. KARVY RESEARCH DESK – STOCK BROKING JK Jain Head Research QUERIES & FEEDBACK Toll-Free: 1800 425 8283 Email ID: [email protected] Karvy Stock Broking Limited “Karvy Centre”, Avenue-4, 2nd Floor, Road No: 10, Banjara Hills, Hyderabad – 500 034. India. Tel: 91-40-23312454; Fax: 91-40-23311968 Disclaimer: The views represented here are based purely on Technical studies/analysis and can be at odds with our Fundamental views/analysis. The information and views expressed and presented in this report are prepared by Karvy Stock Broking Limited (Karvy). The information contained herein is based on our analysis and up on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. 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