ICIS Invest (Daily Reports) - India Cements Investment Services Ltd

Building Wealth Over Generations...
Daily Research Reports
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.
A Legacy of Wealth
Building Plan.
Monday
06th July, 2015
Welcome Note
Welcome to India Cements Investment Services Ltd works!!
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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
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www.icisinvest.com
CONTENTS
Title
Page No.
Top of the Morning
Top Picks
Daily Pivot Table (Equities)
Compass & Navigator
Top of the Morning
04-06
07-8
9
10-12
TOP PICKS
COMPASS & NAVIGATOR
Daily Pivot Table (Commodities)
13
Disclaimer
14
ICIS Invest “Top of the Morning”
Top of the Morning
ICIS 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, ICIS Invest “Top of the Morning” covers themes and insights for the day.
Transform your Investments. Elevate your life.
ICIS Invest “Top of the Morning”
Greetings Earthlings,
The numbers are in and the verdict is out…
Yes, the breaking news this Monday morning is that “NO” vote leads in Greece
Referendum.
INDICES
Index
Last
Dow
17703
-0.31%
Change
Yes, it confirmed that it is a big fat Greek no. Based on early counting, at
least 61% of Greeks voted “no” to creditors’ demands on Sunday, an outcome
that confirms that the country on a collision course with the rest of the eurozone.
Nasdaq
4995
-0.36%
Bovespa
53116
0.72%
Sensex
28092
0.53%
The referendum’s result indicate there was a larger-than-expected backing for
the Greek government’s position in its stance against other European entities, as
well as underscore questions about Greece’s future in the euro.
Nifty
8484
0.47%
SGX Nifty
8505
0.00%
After years of living on borrowed money and paying the price with savage
austerity. The voters in Greece have rejected the latest offer of financial help from
Europe and the International Monetary Fund.
So, no to more austerity, no to a bailout deal, and -- quite possibly -- no to the
euro. The vote could lead to the country's exit from the eurozone within weeks.
That's because Greece needs more money from Europe to stay afloat.
On that backdrop, the euro fell sharply against its rivals in early trade. The
Japanese stocks fell sharply out of the open, down 1.5% at the time of publish.
But the message from your research desk is “Don’t panic”. Here is some catalyst
why we say so:
Outlook for the Day
Negative open likely
Nifty Outlook
Short Term
Neutral (8375-8515)
Intermediate
Positive (8050-8725)
Long Term
Positive (9500+)
1) This is a political crisis in Europe, not an economic one.
2) The market value of Greece’s gross national debt was only about $250
billion, give or take. That’s about 1% of the European Union’s annual
output. Its very small a number.
3) Most of the debts are owned by the International Monetary Fund and
European Central Bank, and hardly any Indian banks exposure.
This event will throw out some very interesting buying opportunities. We strongly
recommend staying tuned by following is on our SMS trading Alerts.
Key Levels to Watch
Nifty Support
8382 & 8284
Nifty Resistance
8517 & 8675
Sensex Support
27891 & 27321
Sensex Resistance
28250 & 28650
Stay tuned.
Likely Range for the Day
Outlook for Monday: Nervous open likely at Dalal Street….
Dalal Street is set to fall hard in early trades after Greek trades. Investor attention
will swing back to quarterly earnings this week as another season starts off,
heralded by the earnings report of TCS on Thursday.
Meanwhile, investments by foreign portfolio investors (FPIs) will continue to grab
attention. Also commanding investors’ attention would be the progress of
monsoon. We expect, Dalal Street may remain volatile on backdrop of uncertainty
in rate hikes by the Fed.
Transform your Investments. Elevate your life.
Nifty
8375-8515
Sensex
27871-28250
Pivot Level
Nifty
8505
Sensex
28087
www.icisinvest.com
ICIS Invest “Top of the Morning”
Technical Strategy
Helping sentiments at Dalal Street would be confidence of companies filing for
initial public offerings (IPOs), Three companies --low-cost carrier IndiGo, staffing
firm Teamlease and e-retailer Infibeam--filed papers with Sebi to raise an
estimated Rs 3,000 crore. Plus Cafe Coffee Day, Matrix Cellular and RBL Bank -had approached the regulator last week.
Motherson Sumi
Action
Buy
Well, this shows that there were enough investors willing to put money into India.
Target
551
Keep an eye on Crude-oil Oil futures which fell on Friday, in response to concerns
over resilient U.S. crude production. Well, on that backdrop our preferred bets
continue to be HPCL, BPCL & IOC.
Positive Stocks: Ashok Leyland, Britannia, SKS Micro, Amar Raja Battery, TVS
Motors, Motherson Sumi, Cholamandalam Finance, Balkrishna Industries, SML
Isuzu, OFSS, SRF.
Negative Stocks: Hindalco, Infosys Technology (below 987), Vedanta, etc.
What Technical Tells Us on Nifty: The short term technical landscape of Nifty
shifts to neutral amid overbought conditions. The must-watch intraday level on
Nifty is at 8284-8311 zone. Below 8284, Nifty has supports at 8150 zone. Hurdles
now at 8501 mark and then major hurdles are at 8675-8701 zone.
Preferred trade on Nifty & Bank Nifty:
Nifty (8484): Buy between 8350-8375 zone, targeting 8501 and then 86508701 zone with stop below 8271.
Bank Nifty (18729): Establish long positions between 18300-18400 zone,
targeting 19000 and then 19400-19500 zone with strict below 17990.
Daily chart of Nifty:
527.5
Motherson Sumi ended last week’s trading
session on a strong note, up 2.58%.
The stock price is signaling a break out
from a higher consolidation zone on the
daily charts. The momentum oscillators
are clearly in buy mode and recent
increase in volumes are indicating a sharp
up move.
A larger rebound works on cards as the
stock has spiked from a 38.2% Fibonacci
level on daily charts. Key support at 507.
Confirmation of major strength above
535.
The stock also appears attractive with
long term perspective.
Interweek Strategy: Buy between 517522 zone, targeting 535 and then
aggressive targets located at 550-555
zone. Stop 507.
Supports – 507 & 495
Resistance – 535 & 551
Transform your Investments. Elevate your life.
www.icisinvest.com
TOP PICKS (F & O)
It's like having investment binoculars !
There are always flowers,
for those who want to feel them.
ICIS 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 ICIS 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.
Transform your Investments. Elevate your life.
TOP PICKS (F & O)
It's like having investment binoculars !
Oracle Finance (OFSS): The technicals are aggressively bullish. Targets at 4180.
STOCKS
ASHOK LEYLAND
FEDERAL BANK
MOTHERSON SUMI
ORACLE FINANCE (OFSS)
HCL TECH
LTP
72.75
154.55
527.6
3870
964.9
S1
71
149
512
3829
941
S2
67
140
495
3650
909
R1
77
155
535
4000
982
Transform your Investments. Elevate your life.
R2
81
170
551
4250
1042
BIAS
TRADING STRATEGY
Positive
The recent sequence of higher highs/lows is intact on daily
charts. Momentum oscillators continue to be in buy mode. The
stock is signaling a move above a higher consolidation zone on
monthly charts. Interweek Strategy: Establish long positions
between 71-73 zone, targeting 80-81 zone. Stop below 69.25.
Positive
The interweek/intermonth outlook is on the upside, as long as
140 support zone is held. A larger rebound on cards above 155,
targeting 170 mark. The stock ended on a firm note in
yesterday's trade, 1.52%. Interweek Strategy: Buy between
149-151 zone, targeting 155 and then at 167-170 zone with
stop below 147.50.
Positive
A larger rebound works on cards for Motherson Sumi as the
stock is signaling a spike above its major hurdle at 535. Key
intraday support at 507. A breakout play likely on daily charts.
Interweek Strategy: Buy between 520-525 zone, targeting 535
and then aggresive targets located at 550-555 zone. Stop 509.
Positive
The recent sequence of higher high/low is intact for OFSS.
Momentum oscillators continue to be in buy mode. The stock is
all set to move above its all-time-high at 4180. Intermonth
Strategy: Buy between 3829-3850 zone, targeting 4000 and
then more aggressive targets located at 4225-4250 zone with
stop below 3650.
Positive
HCL Tech firm in Friday's trade as well, up 1.09%. A breakout
play on cards. Major support for the stock placed at 909.
Interweek Strategy: Establish long positions between 945-952
zone, targeting 982 and then 1025-1042 zone. Stop below 936.
www.icisinvest.com
DAILY PIVOT TABLE
Instrument
S1
S2
R1
R2
8484.9
8395.33
8366.52
8542.53
8587.32
8376.07
8318.42
UP
BANKNIFTY
18729.65
18453.05
18370.4
18894.95
19033.25
18064.23
18192.52
UP
CNXINFRA
3321
3292.37
3273.73
3358.27
3372.58
3183.21
3256.53
UP
NIFTY
CNXIT
Close
Monday
06th July, 2015
200 Day SMA Reversal Point
Trend
11198.65
11103.12
11071.23
11262.42
11310.18
11551.54
11325.93
DOWN
CNXPSE
3569.6
3543.57
3523.08
3610.57
3623.58
3552.64
3518.71
UP
NFTYMCAP50
3292.9
3252.57
3229.78
3338.47
3358.63
3320.06
3219.03
UP
ABIRLANUVO
1878.4
1805.2
1783.4
1922
1958.6
1718.01
1778.64
UP
ACC
1480.4
1451.73
1441.27
1501.33
1515.67
1498.11
1423.65
UP
91
88.77
87.03
94.47
95.58
515.71
97.25
DOWN
ADANIPORTS
320.8
315.1
311.2
328.6
331.45
307.93
310.52
UP
ADANIPOWER
28.9
28.07
27.43
30.17
30.58
44.61
27.69
UP
AJANTPHARM
ADANIENT
1587.25
1557.02
1536.03
1629.22
1644.33
1091.48
1526.37
UP
ALBK
88.45
86.55
85.95
89.65
90.6
109.79
91.11
DOWN
AMARAJABAT
880.9
864.9
857.85
895
903
789.82
886.76
DOWN
AMBUJACEM
242.35
237.45
235.9
245.45
247.9
235.19
231.94
UP
AMTEKAUTO
163.3
157.37
154.63
168.77
171.73
172.86
153.33
UP
ANDHRABANK
68.85
67.95
67.35
70.05
70.5
80.57
71.21
DOWN
APOLLOHOSP
1301.1
1263.83
1237.57
1353.63
1372.27
1224.22
1269.53
UP
APOLLOTYRE
170.65
166.32
163.33
176.62
178.78
197.45
173.72
DOWN
ARVIND
272.45
267.08
264.67
277.28
279.97
277.52
256.52
UP
72.7
71.47
70.53
74.57
75.18
60.27
71.66
UP
ASHOKLEY
ASIANPAINT
772.7
749.83
741.27
789.83
801.27
755.57
742.67
UP
AUROPHARMA
1419.1
1379.83
1359.67
1459.43
1479.07
1154.81
1409.9
UP
AXISBANK
585.95
577.65
574.3
592.65
596.8
516.31
563.05
UP
BAJAJ-AUTO
2588
2556.67
2538.33
2624.67
2640.33
2322.06
2500.12
UP
BAJFINANCE
5561.1
5400.5
5345.9
5670.3
5750.6
3783.15
5246.82
UP
BANKBARODA
150.8
148.03
146.97
152.93
154.32
182.64
142.93
UP
BANKINDIA
180.75
174.05
171.8
185.25
188.6
243.51
168.7
UP
BATAINDIA
1083.55
1057.92
1048.78
1101.82
1114.63
1213.52
1036.03
UP
BEL
3417.95
3370.72
3340.88
3477.62
3501.23
2950.66
3305.32
UP
BHARATFORG
1074.55
1035.12
1000.13
1144.52
1164.23
1063.35
1053.65
UP
BHARTIARTL
435.1
429.83
427.17
440.43
443.07
387.75
420.76
UP
BHEL
259.1
254.77
252.03
264.57
266.73
248.46
247.53
UP
BIOCON
473.3
453.23
446.37
487.03
497.07
450.17
455.76
UP
BOSCHLTD
22988.3
22276.9
21843.2
23855.7
24211.4
20923.7
22049.12
UP
BPCL
902.85
886.48
876.42
922.98
931.17
736.44
877.26
UP
BRITANNIA
2770.7
2729.17
2709.33
2810.37
2831.13
1978.71
2663.67
UP
CAIRN
183.2
179.87
176.88
189.17
190.83
241.85
177.6
UP
CANBK
287.25
278.58
275.82
292.78
297.12
387.96
292.52
DOWN
CASTROLIND
434.5
428.17
424.33
442.17
445.33
462.74
438.52
DOWN
CEATLTD
708.65
689.35
673.9
739.55
749.2
795.88
672.98
UP
CENTURYTEX
711.25
680.75
671
730.75
746
587.9
676.9
UP
CESC
551.75
543.12
535.73
566.52
570.83
639.61
540.2
UP
CIPLA
631.55
619.22
612.43
645.12
651.28
647.1
608.83
UP
417.5
409.5
404
428.5
432.5
370.61
408.97
UP
COLPAL
2050.3
2021.43
2009.87
2073.43
2087.87
1896.1
1987.38
UP
CROMPGREAV
165.55
161.32
158.23
171.72
173.83
180.84
160.22
UP
DABUR
285.55
275.12
271.58
292.62
297.83
249.87
273.82
UP
DHFL
419.65
407.62
398.68
437.52
443.53
424.18
417.79
UP
DISHTV
106.2
103.93
102.37
109.33
110.47
74.94
108.57
DOWN
DIVISLAB
1859.1
1837.1
1824.15
1885
1896
1753.32
1796.18
UP
DJIA
17730.11
17609.74
17531.95
17885.68
17945.87
17678.82
17899.34
DOWN
DLF
116
113.8
112.1
119.4
120.5
141.83
111.21
UP
DRREDDY
3587.75
3529.32
3508.63
3629.12
3658.33
3339.11
3474.36
UP
EICHERMOT
20275.6
19315.17
18435.33
22035.27
22515.48
15256.67
20020.96
UP
ENGINERSIN
241.35
234.58
231.07
248.38
251.77
219.63
228.26
UP
EXIDEIND
150.3
147.4
145.25
154.6
156.05
170.07
153.17
DOWN
FEDERALBNK
154.55
150.25
146.65
161.75
163.9
138.56
148.78
UP
GAIL
385.25
379.45
375.75
392.65
395.55
422.06
404.44
DOWN
COALINDIA
GLENMARK
1019.25
1000.28
989.17
1041.48
1050.97
806.79
981.89
UP
GMRINFRA
14.35
14.02
13.78
14.82
14.98
17.41
13.69
UP
GODREJIND
363.25
356.42
352.58
370.92
374.33
323.5
345.16
UP
GRASIM
3506.75
3431.98
3406.67
3557.38
3594.77
3575.11
3395.75
UP
HAVELLS
283.35
277.38
273.32
291.48
294.47
280.53
276.45
UP
HCLTECH
964.9
928.97
917.93
986.97
1004.93
886.83
915.65
UP
HDFC
1316.05
1261.35
1244.2
1350.35
1377.7
1193.08
1254.91
UP
HDFCBANK
1074.25
1046.05
1038.05
1090.25
1104.35
982.33
1034.55
UP
93.2
89.6
88.3
95.8
97.6
95.3
97.25
DOWN
HDIL
2576.65
2508.92
2487.83
2618.82
2652.68
2767.02
2589.29
DOWN
HEXAWARE
HEROMOTOCO
251.2
244.2
239.35
260.9
264.4
241.33
264.99
DOWN
HINDALCO
110.6
108.77
107.88
112.37
113.28
144.52
115.46
DOWN
HINDPETRO
771.9
758.67
748.38
792.47
799.08
594.39
748.25
UP
HINDUNILVR
924.5
911.23
905.42
936.13
942.77
838.95
893.55
UP
HINDZINC
161.65
159.05
157.05
165.65
166.95
168.06
169.04
DOWN
IBREALEST
56
53.9
52.7
58.4
59.45
67.47
50.3
UP
IBULHSGFIN
654.5
635.57
622.13
681.37
690.83
522.11
623.42
UP
ICICIBANK
314.55
309.05
307.2
318.25
321
326.06
305.83
UP
IDBI
62.45
61.65
61.25
63.25
63.65
70.42
60.03
UP
IDEA
181.2
177.87
175.53
185.87
187.53
165.91
175.68
UP
IDFC
150.45
148.52
147.28
152.92
153.88
158.14
153.84
DOWN
IFCI
26.15
25.58
25.17
26.98
27.27
34.57
25.65
UP
IGL
444.8
433.67
427.08
457.97
463.53
424.98
430.98
UP
INDIACEM
95.3
92.5
90.35
99.6
101
97.48
90
UP
INDUSINDBK
893.5
841.47
824.93
926.57
952.58
798.78
838.17
UP
INFY
990.3
977.43
972.87
999.43
1005.87
1028.51
976.89
UP
IOB
37.4
36.7
36.4
38
38.35
50.98
38.35
DOWN
IOC
417.2
403.13
398.62
426.23
433.27
352.77
394.14
UP
IRB
236.15
228.98
222.92
248.28
251.87
246.63
230.09
UP
ITC
315.6
310.4
308.45
319.5
322.1
349.83
306.38
UP
JINDALSTEL
84.55
78.65
74.1
93.65
96.6
152.74
92.58
DOWN
JISLJALEQS
71
69.4
68.15
73.5
74.3
71.37
67.24
UP
JPASSOCIAT
11.1
10.67
10.33
11.77
11.98
24.87
12.13
DOWN
JPPOWER
6.45
5.85
5.45
7.25
7.55
10.98
7.28
DOWN
JSWENERGY
95.55
93.42
91.68
99.02
100.08
100.16
102.68
DOWN
JSWSTEEL
868.95
849.12
831.13
904.92
914.83
1034.4
864.8
UP
JUBLFOOD
1914.05
1870.12
1847.68
1958.92
1980.88
1485.55
1853.85
UP
JUSTDIAL
1250.8
1218.27
1194.03
1299.27
1315.53
1379.2
1216.59
UP
KOTAKBANK
1428.85
1393.42
1368.53
1478.62
1496.33
1265.82
1380.44
UP
KSCL
727.95
713.65
702.05
751.15
758.3
872.03
773.92
DOWN
KTKBANK
149.65
144.88
141.92
155.58
157.97
132.99
141.44
UP
L&TFH
67.05
65.72
64.78
68.92
69.58
66.61
64.88
UP
LICHSGFIN
447.75
437.28
431.17
459.98
465.22
419.24
437.67
UP
LT
1807.3
1775.77
1759.03
1840.77
1856.53
1632.51
1746.45
UP
LUPIN
1900.95
1878.78
1865.22
1928.08
1939.17
1611.61
1835.33
UP
M&M
1312.65
1294.95
1281.9
1338.75
1347.6
1256.4
1273.52
UP
M&MFIN
282.65
273.72
269.43
291.22
295.68
277.67
265.4
UP
MARUTI
3998.9
3955.77
3934.43
4041.57
4063.13
3489.09
3948.07
UP
MCLEODRUSS
222.25
218.72
215.88
227.92
229.68
243.22
237.46
DOWN
MINDTREE
1279.2
1243.73
1231.97
1302.73
1320.47
1279.37
1333.29
DOWN
527.5
517.77
513.68
535.67
540.53
454.82
505.95
UP
MRF
34860.8
34368.34
34076.62
35444.23
35690.47
36097.57
33668.85
UP
NHPC
19.6
19.37
19.28
19.77
19.88
19.82
19.41
UP
NMDC
117.75
116.15
115.45
119.15
119.95
140.32
120.73
DOWN
NTPC
138.85
134.62
133.13
141.82
143.93
143.12
134.94
UP
OFSS
3878
3808
3756
3982
4017
3414.14
3765.86
UP
452.75
448.48
444.87
459.98
462.12
531.05
461.74
DOWN
MOTHERSUMI
OIL
ONGC
309.2
305.67
302.98
314.57
316.33
348.41
318.37
DOWN
ORIENTBANK
180.95
168.12
164.48
188.22
194.63
249.72
165.91
UP
15382.15
15054.05
14848.1
15794.05
15958.1
11835.45
14887.74
UP
PETRONET
192.7
186.77
184.38
197.47
200.43
187.62
182.13
UP
PFC
261.3
256
253.95
265.4
268.05
275.72
270.11
DOWN
PIDILITIND
545.35
538.12
533.43
554.72
558.33
516.86
539.2
UP
PNB
142.3
139.2
138.1
144.5
146.05
176.41
135.67
UP
POWERGRID
141.5
139.2
137.9
144.1
145.25
142.98
143
DOWN
PTC
70.55
68.92
68.23
71.92
72.73
83.31
66.81
UP
PAGEIND
RCOM
63.35
61.15
59.75
66.15
67.25
79.56
60.32
UP
RECLTD
285.25
277.98
275.67
289.88
293.52
308.42
272.33
UP
361
353.73
348.42
371.63
375.27
451.53
349.24
UP
RELIANCE
1007.2
997.27
991.48
1018.77
1023.73
914.99
984.65
UP
RELINFRA
385.05
376.48
370.77
396.48
400.77
497.11
370.03
UP
RPOWER
44.8
43.67
42.78
46.57
47.13
61.27
43.31
UP
S&P500
2076.78
2063.58
2056.14
2091.66
2098.26
2053.92
2094.03
DOWN
SAIL
63.15
61.18
59.77
65.98
66.97
73.96
61.19
UP
SBIN
269.4
265.53
264.27
271.93
273.87
282.29
258.82
UP
SIEMENS
1428.35
1403.65
1391.65
1452.35
1464.7
1123.54
1369.42
UP
SKSMICRO
492.25
478.22
471.33
506.02
513.03
407.6
467.11
UP
24.4
23.5
23.1
25.2
25.65
26.3
23.33
UP
1252.15
1223.78
1206.42
1286.88
1301.07
917.63
1178.38
UP
906.7
881.97
861.63
947.37
959.73
1020.36
870.85
UP
1152.15
1124.38
1106.77
1187.38
1201.27
945.17
1113.13
UP
871
860.87
852.98
886.77
891.83
897.82
849.07
UP
SUNTV
282.65
276.85
273.35
289.65
292.55
362.68
307.32
DOWN
SYNDIBANK
100.9
98.9
98.05
102.6
103.6
115.78
102.63
DOWN
TATACHEM
434.6
428.2
424.9
441.2
444.4
428.84
423.52
UP
TATACOMM
445.4
434.8
428.35
458.3
463.6
418.62
429.12
UP
RELCAPITAL
SOUTHBANK
SRF
SRTRANSFIN
STAR
SUNPHARMA
TATAGLOBAL
136.1
133.3
131.35
140
141.4
152.27
131.53
UP
TATAMOTORS
433.15
427.65
424.85
438.75
441.5
514.74
421.85
UP
TATAMTRDVR
259.85
255.48
253.62
263.58
265.77
327.47
267.87
DOWN
TATAPOWER
74.3
73.27
72.53
75.77
76.28
81.93
72.18
UP
TATASTEEL
301.2
294.53
289.52
311.23
314.57
389.89
295.35
UP
TCS
2603.9
2554.63
2539.27
2634.63
2659.27
2570.79
2523.93
UP
TECHM
471.6
461.2
453.4
487.2
492.4
636.68
502.13
DOWN
TITAN
357.3
345.43
341.37
365.43
371.37
387.44
348.34
UP
TVSMOTOR
257.65
252.28
248.57
265.08
267.77
252.95
247.19
UP
1019.25
888.15
842.65
1110.25
1175.8
884
929.84
UP
53.25
52.28
51.82
54.18
54.67
72.99
55.83
DOWN
ULTRACEMCO
3064.65
3013.05
2993
3104.75
3130.55
2776.61
2939.24
UP
UNIONBANK
161.75
149.68
146.27
168.58
174.62
189.47
146.59
UP
7.9
7.63
7.47
8.23
8.37
16.78
8.57
DOWN
547.4
536.2
528.4
563
568.6
411.66
529.6
UP
170.55
167.15
164.2
176.45
178.15
217.53
179.4
DOWN
VOLTAS
317
309.2
303.1
329.2
333.1
273.04
337.56
DOWN
WIPRO
549.55
544.25
540.5
557.05
559.7
583.04
566.69
DOWN
WOCKPHARMA
1426.3
1380.63
1351.62
1484.33
1507.17
1231.39
1378.78
UP
YESBANK
871.35
857.02
851.83
881.72
888.88
765.95
842.84
UP
ZEEL
369.4
365.53
363.87
372.73
374.67
345.02
354.89
UP
UBL
UCOBANK
UNITECH
UPL
VEDL
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.
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Compass & Navigator
Sailing Global & MCX Trends
with IDBI 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.
Transform your Investments. Elevate your life.
The Compass
…Direction at a glance
MCX Oil . Negative bias to continue. Sell on strength.
Instrument
LTP
S1
S2
R1
R2
Bias
TRADING STRATEGY
MCX GOLD
26352
25854
25191
26550
26901
Negative
MCX Gold was rangebound on Friday ahead of Sunday's Greece referendum. A subdued
USD/INR was seen as a negative catalyst. Intraday Strategy: Sell between 26400-26500
zone, targeting 25854 and then 25200-25500 zone. Stop above 26901.
MCX SILVER
36159
35150
34256
35650
37481
Negative
MCX Sliver traded range bound on Friday, and in a holding pattern ahead of Sunday’s Greek
referendum. Intraday Strategy: Sell between 36250-36500 zone, targeting 35150 and then
34250 zone. Stop above 36650.
MCX CRUDE OIL
MCX COPPER
MCX NATURAL
GAS
USD-INR
3521
370
176.00
63.44
3445
358
169.00
63.05
3350
345
162.00
62.80
3625
382
194.00
63.75
3989
391
201.00
64.40
Transform your Investments. Elevate your life.
Negative
MCX Crude-Oil fell on Friday, in response to concerns over resilient U.S. crude production and
in line with our negative bias. Interweek Strategy: Sell between 3650-3700 zone, targeting
3445 and then 3350 with stop above 3791.
Neutral
MCX Copper inched up in yesterday's trade amid oversold conditions. The near term bias
continues to be neutral. Key intraday support at 358. Intraday Strategy: Buy between 361363 zone, targeting 377-382 zone. Stop 353.
Neutral
Natural Gas was range bound in yesterday's trade. The near term bias continues to be
positive amid oversold conditions. Key support at 162. Interweek Strategy: Buy between
174-177 zone, targeting 194 and then 205 with stop below 169.
Neutral
Surging for the fourth straight day, the rupee gained 7 paise to end at 63.44 against the
American currency on sustained dollar selling by banks and exporters amidst a soft
greenback overseas. Intraday Strategy: Sell between 63.70-63.80 zone, targeting 63.05
zone and then 62.80 with stop above 64.45.
www.icisinvest.com
The Navigator
…Sailing global trend
Negative bias to continue for the yellow metal. Sell on any excessive strength.
Instrument
LTP
S1
S2
R1
R2
Bias
TRADING STRATEGY
GOLD $
1168
1152
1125
1176
1189
Negative
Gold edged higher on Friday, ahead of Sunday's Greece referendum. Key intraday support
seen at 1152. Expect volatile movements. Intraday Strategy: Sell between 1175-1180 zone,
targeting 1152 and then 1125-1130 zone. Stop above 1189. Range 1155-1173.
SILVER ($)
15.69
15.45
14.75
16.20
16.75
Negative
Silver prices traded subdued in Friday's trade amid uncertainty in Greek debt issue. Intraday
Strategy: Sell between 15.75-15.80 zone, targeting 14.75-15 zone. Stop above 16.75. Range
15.25-15.75.
WTI CRUDE
OIL ($ )
EUR/USD
55.52
1.1107
54
1.1045
52.5
1.0895
58.75
1.1309
60.5
1.5565
Negative
Neutral
Crude-Oil fell on Friday, in response to concerns over resilient U.S. crude production and in
line with our negative bias. Interweek Strategy: Sell between 58-58.75 zone, targeting 54
and then at 52.50 with stop above 60.50.
The dollar traded lower Thursday after the June jobs report revealed that the pace of
employment growth has been lower than it was a year ago, even as the labor market has
recovered from its first-quarter slump. The technical landscape for EUR/USD continues to be
neutral/negative.
DOW JONES
17730
17546
17250
18350
19001
Neutral
Wall Street finished lower on the week following a soft jobs reports and investor anxiety over
Greece. The Dow Jones Industrial Average and the S&P 500 Index both declined 1.2%, and
the Nasdaq Composite Index fell 1.4% on the week. The near term bias shifts to neutral.
Hurdles for Dow Jones at 18350.
HANG SENG
26064
25901
25109
27356
28005
Neutral
Chinese stocks tumbled further Friday morning amid a fresh wave of panic selling, as a flurry
of recently released measures by the Chinese government and the central bank failed to
bolster investor confidence. Hang Seng too ended with losses on that backdrop. Technically,
bias continues to be neutral.
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www.icisinvest.com
DAILY PIVOT TABLE
Monday
06th July, 2015
200 Day
SMA
Reversal
Point
Trend
109.9
115.82
106.21
UP
4368.67
4405.33
0
4130.4
UP
9003.33
9240.67
9285.33
10353
8871.8
UP
366.13
362.87
376.53
378.47
388.1
364.25
UP
3520
3432
3354
3676
3720
3806.19
3713.5
DOWN
GAUR GUM
80970
79930
79670
81490
82010
27812.73
72414
UP
NCDEX
GAUR SEED
25080
24760
24680
25240
25400
8730.79
22437
UP
NCDEX
Gold
26352
26148.67
26080.33
26488.67
26590.33
26752.86
26606.9
DOWN
NCDEX
Jeera
15830
15413.33
15101.67
16453.33
16661.67
14448.4
15830
UP
MCX
Lead
112.15
110.92
110.03
113.92
114.53
120.35
114.27
DOWN
MCX
Mentha Oil
1061.5
1040.3
1032.5
1077.1
1087.7
808.66
1038.18
UP
MCX
Natural Gas
176.1
171.43
167.37
184.23
186.57
197.21
184.28
DOWN
MCX
Nickle
761.9
750.37
740.43
781.77
787.53
905.89
739.67
UP
RM MUSTARD
4169
4091
4031
4289
4328
3783.54
4147.3
UP
Silver
35515
35217.67
35038.34
35873.67
36022.34
37227.75
36257.2
DOWN
NCDEX
SOYA BEAN
3552
3450.67
3369.33
3714.67
3765.33
3463.24
3516.85
UP
NCDEX
SOYA OIL
583.9
581
578.9
588.1
589.55
602.06
590.64
DOWN
NCDEX
Turmeric
7160
7033.33
6926.67
7373.33
7436.67
7485.07
7296.9
DOWN
ZINC
128.45
126.98
126.22
129.98
130.72
136
126.32
DOWN
Exchange
Commodity
Close
S1
S2
R1
Aluminium
107.45
106.35
105.4
109.35
NCDEX
Chana
4310
4236.67
4207.33
NCDEX
Chilli
9142
9052.67
MCX
Copper
370
MCX
Crude Oil
MCX
MCX
NCDEX
MCX
MCX
Transform your Investments. Elevate your life.
R2
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India Cements Investment Services Ltd
India Cements Investment Services Ltd
#827, III Floor, DHUN Building, Anna Salai, Chennai - 600002.
Tel: 044 - 28572600. Fax : 044 - 28414583.
www.icisinvest.com
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.
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• Firm interest of the stock / Instrument (s): - No.
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