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Page 1: 1Alankit Assignments Ltd › financialservices › Research... · 2014-09-09 · 4Alankit Assignments Ltd | P a g e Coffee With Alankit – Your Morning Companion Dear Institutional

Alankit Assignments Ltd 1 | P a g e

Page 2: 1Alankit Assignments Ltd › financialservices › Research... · 2014-09-09 · 4Alankit Assignments Ltd | P a g e Coffee With Alankit – Your Morning Companion Dear Institutional

Alankit Assignments Ltd 2 | P a g e

TABLE OF CONTENTS

1. Coffee With Alankit

2. Financial And Economic Wrap Up

3. Indices Performance

4. Global Markets

5. Equity Market Wrap Up

6. Nifty Top 5 Gainers

7. Nifty Top 5 Losers

8. F And O Wrap Up

9. Trading Turnover

10. Institutional Flows Equity

11. Money Market Wrap Up

12. Policy Rate

13. Daily Rates

14. Mutual Fund And Insurance Wrap Up

15. Liquidity Indicators

16. Top 5 Traded G Sec

17. International Metal And Energies Wrap Up

18. Commodity Market

19. Forex Wrap Up

20. Currency Market

21. Nifty Short Term Trend

22. Technical Picks

23. Bank Nifty Calls

24. Nifty Calls

Page 3: 1Alankit Assignments Ltd › financialservices › Research... · 2014-09-09 · 4Alankit Assignments Ltd | P a g e Coffee With Alankit – Your Morning Companion Dear Institutional

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25. Options Calls

26. Technical Calls

27. Corporate Action

28. News Update

29. International Market Update

30. NSE Support And Resistance

Page 4: 1Alankit Assignments Ltd › financialservices › Research... · 2014-09-09 · 4Alankit Assignments Ltd | P a g e Coffee With Alankit – Your Morning Companion Dear Institutional

Alankit Assignments Ltd 4 | P a g e

Coffee With Alankit – Your Morning Companion

Dear Institutional Clients,

Bulls come back with vigor – Nifty inching towards 8200 mark !!!

What a phenomenal way to start the week! For the first time ever Nifty succeeded to close above the 8150 mark in yesterday’s session backed by strong buying mainly in front liners. After a gap up opening in line with the steady global cues, Nifty spot consolidated in a narrow range during the initial hours of the session. However, the sideways move was then followed by a huge momentum on the upside in the final hours of the day. As a result, The Nifty managed to close above 8150-level, up 87.05 points or 1.08 percent at 8173.90 while the Sensex was up 293.15 points or 1.08 percent at 27319.85. Midcaps continued to fare better than the blue chips with the index rallying over 150 points. Among the midcaps, Torrent Power, Punj Lloyd, MRF, Apollo Tyres and Max India were major gainers. Tyre stocks rallied 2-20 percent as domestic rubber prices have seen sharpest fall in five years, hitting Rs 126 per kg. Rubber prices are down 25 percent since average of Rs 169/kg seen in January. The move in yesterday’s session reflects that the market is inching higher in line with our super bullish view and might continue to do the same going ahead. Coming back to the previous session, Hindalco, ONGC, SBIN, Wipro and HUL were the major Sensex gainers, while NTPC, M&M, Tata Power and BHEL were the only losers among 30-share Sensex constituents. Overall on the sectoral front; barring consumer durables, all other BSE sectoral indices ended in the green. Among them, oil & gas index gained the most by 1.79 per cent, followed by FMCG 1.4 per cent, capital goods 1.29 per cent and metal 1.25 per cent. Only consumer durables index was down 0.22 per cent. Even the advance to decline ratio was sturdily in the favour of advancing counters (A = 2074 / D = 956). As mentioned in our previous reports, we continue to maintain our stance that markets will react to lots of noises from individual stocks. At the same time, technically markets has closed above 8150 mark and going ahead a close above 8200 will make index away from the bunch of resistances mentioned in our weekly report. This might result in a fresh upside momentum which can strengthen the index to rally towards the higher levels of 8400 and 8500. Meanwhile on the downside, the initial support is at 8105/8060 and hence we advise traders to hold on to their long positions with the mentioned support level as their strict stop loss.

Have a splendid and profitable day with Alankit!

Page 5: 1Alankit Assignments Ltd › financialservices › Research... · 2014-09-09 · 4Alankit Assignments Ltd | P a g e Coffee With Alankit – Your Morning Companion Dear Institutional

Alankit Assignments Ltd 5 | P a g e

Financial & Economic Wrap Up

• The Finance Ministry on Monday made a case for

international rating agency Moody's to upgrade their

sovereign rating of India, stating that the economic

recovery was strong and efforts are on to keep the fiscal

deficits within targeted levels. Moody's Investors Services

had assigned 'Baa3' rating on India, with stable outlook.

(BL)

• Encouraged by the World Trade Organisation’s

favourable ruling in its steel dispute against the US, India

is bracing for some more fight with the country at the

multilateral forum to get similar tariff barriers imposed

on other products removed. (BL)

• India's economic growth continues to gain momentum

while most major economies are seeing stable prospects,

according to Paris-based think-tank OECD. India's CLI in

July rose to 99 compared to 98.9 in June. The same has

been improving since it stood at 98.5 in March. (ET)

• India is looking for ways in which it can get West Asian oil

and gas producers to cut the so-called Asian premium,

which adds up to more than $3 billion annually, through

collective bargaining. (ET)

Equity Market Wrap Up

• The Sensex has ended with the gain of 293.15 points,

1.08 percent, at 27319.85.

• The 50-share NSE Nifty has closed with the gain of 87.05

points, 1.08 percent, at 8173.90, after making the

intraday low of 8126.15. The SX40 index of MCX-SX ended

with the gain of 171.82 points at 16125.57.

• Barring consumer durables, all other BSE sectoral indices

ended in the green. Among them, oil & gas index gained

the most by 1.79 per cent, followed by FMCG 1.4 per

cent, capital goods 1.29 per cent and metal 1.25 per cent.

• Market breadth was positive on the BSE with 2074

gainers against 956 losers.

F & O Wrap Up

• Nifty September 2014 Future was closed at 8193.10, a

premium of 19.20 points over spot closing of 8173.90.

• Turnover on NSE’s Futures & Options segment decreased

from Rs 169313.68 crore to Rs 146267.84 crore.

• The Nifty Put‐Call stood at 1.1 compared to the previous

day’s figure of 1.15.

• India VIX has decreased by 1.10% to close at 12.7925.

• The open interest on Nifty Futures increased by 5.0 lakhs

to 1.58 crores in the previous trading session.

Financial & Economic Wrap Up

• The Finance Ministry on Monday made a case for

international rating agency Moody's to upgrade their

sovereign rating of India, stating that the economic

recovery was strong and efforts are on to keep the fiscal

deficits within targeted levels. Moody's Investors Services

had assigned 'Baa3' rating on India, with stable outlook.

(BL)

• Encouraged by the World Trade Organisation’s

favourable ruling in its steel dispute against the US, India

is bracing for some more fight with the country at the

multilateral forum to get similar tariff barriers imposed

on other products removed. (BL)

• India's economic growth continues to gain momentum

while most major economies are seeing stable prospects,

according to Paris-based think-tank OECD. India's CLI in

July rose to 99 compared to 98.9 in June. The same has

been improving since it stood at 98.5 in March. (ET)

• India is looking for ways in which it can get West Asian oil

and gas producers to cut the so-called Asian premium,

which adds up to more than $3 billion annually, through

collective bargaining. (ET)

Equity Market Wrap Up

• The Sensex has ended with the gain of 293.15 points,

1.08 percent, at 27319.85.

• The 50-share NSE Nifty has closed with the gain of 87.05

points, 1.08 percent, at 8173.90, after making the

intraday low of 8126.15. The SX40 index of MCX-SX ended

with the gain of 171.82 points at 16125.57.

• Barring consumer durables, all other BSE sectoral indices

ended in the green. Among them, oil & gas index gained

the most by 1.79 per cent, followed by FMCG 1.4 per

cent, capital goods 1.29 per cent and metal 1.25 per cent.

• Market breadth was positive on the BSE with 2074

gainers against 956 losers.

F & O Wrap Up

• Nifty September 2014 Future was closed at 8193.10, a

premium of 19.20 points over spot closing of 8173.90.

• Turnover on NSE’s Futures & Options segment decreased

from Rs 169313.68 crore to Rs 146267.84 crore.

• The Nifty Put‐Call stood at 1.1 compared to the previous

day’s figure of 1.15.

• India VIX has decreased by 1.10% to close at 12.7925.

• The open interest on Nifty Futures increased by 5.0 lakhs

to 1.58 crores in the previous trading session.

Indices Performance

Index 08-Sept-14 Previous Close % Change#

S&P BSE Sensex 27319.85 27026.70 1.08

CNX Nifty 8173.90 8086.85 1.08

CNX Midcap 11726.05 11568.15 1.36

CNX 500 6578.00 6502.30 1.16

S&P BSE Smallcap 10851.83 10627.07 2.11

Global Markets

Index 08-Sept-14 Previous Close % Change#

Dow Jones 17,113.00 17,137.36 -0.14

Nasdaq 4,591.20 4,582.90 0.18

S&P 500 2,001.40 2,007.71 -0.31

FTSE 6,834.77 6,855.10 -0.30

CAC 4,474.93 4,486.49 -0.26

Nifty Top 5 Gainers

Company 08-Sept-14 Previous Close % Change#

HINDALCO 173.8 167.7 4.26

ASIANPAINT 674 647.05 4.17

AMBUJACEM 219.05 212.75 2.96

ONGC 455.3 443.55 2.65

GRASIM 3640.4 3564.7 2.12

Nifty Top 5 Losers

Company 08-Sept-14 Previous Close % Change#

NTPC 140.5 142.85 -1.65

NMDC 183.55 185.8 -1.21

TATAPOWER 87.6 88.35 -0.85

M&M 1396.7 1408.2 -0.82

POWERGRID 133.5 134.45 -0.71

Trading Turnover

Description (Rs in Cr) 08-Sept-14 Change % Change#

NSE 17,787.58 188.11 1.07

BSE 3602.11 -4.42 -0.12

Index Fut 9,692.53 -2,937.31 -23.26

Stock Fut 24,293.62 -3,389.51 -12.24

Index Opt 101,277.52 -14,441.46 -12.48

Stock Opt 11,004.10 -2277.56 -17.15

F & O Total 146,267.84 -23,045.84 -13.61

Institutional Flows (Equity)

Description (Rs in Cr) Purchases Sales Net

FII Flows 4416.57 3253.59 1162.98

DII Flows 1530.08 2038.45 -508.37

# % change is the over the previous days close.

Indices Performance

Index 08-Sept-14 Previous Close % Change#

S&P BSE Sensex 27319.85 27026.70 1.08

CNX Nifty 8173.90 8086.85 1.08

CNX Midcap 11726.05 11568.15 1.36

CNX 500 6578.00 6502.30 1.16

S&P BSE Smallcap 10851.83 10627.07 2.11

Global Markets

Index 08-Sept-14 Previous Close % Change#

Dow Jones 17,113.00 17,137.36 -0.14

Nasdaq 4,591.20 4,582.90 0.18

S&P 500 2,001.40 2,007.71 -0.31

FTSE 6,834.77 6,855.10 -0.30

CAC 4,474.93 4,486.49 -0.26

Nifty Top 5 Gainers

Company 08-Sept-14 Previous Close % Change#

HINDALCO 173.8 167.7 4.26

ASIANPAINT 674 647.05 4.17

AMBUJACEM 219.05 212.75 2.96

ONGC 455.3 443.55 2.65

GRASIM 3640.4 3564.7 2.12

Nifty Top 5 Losers

Company 08-Sept-14 Previous Close % Change#

NTPC 140.5 142.85 -1.65

NMDC 183.55 185.8 -1.21

TATAPOWER 87.6 88.35 -0.85

M&M 1396.7 1408.2 -0.82

POWERGRID 133.5 134.45 -0.71

Trading Turnover

Description (Rs in Cr) 08-Sept-14 Change % Change#

NSE 17,787.58 188.11 1.07

BSE 3602.11 -4.42 -0.12

Index Fut 9,692.53 -2,937.31 -23.26

Stock Fut 24,293.62 -3,389.51 -12.24

Index Opt 101,277.52 -14,441.46 -12.48

Stock Opt 11,004.10 -2277.56 -17.15

F & O Total 146,267.84 -23,045.84 -13.61

Institutional Flows (Equity)

Description (Rs in Cr) Purchases Sales Net

FII Flows 4416.57 3253.59 1162.98

DII Flows 1530.08 2038.45 -508.37

# % change is the over the previous days close.

Page 6: 1Alankit Assignments Ltd › financialservices › Research... · 2014-09-09 · 4Alankit Assignments Ltd | P a g e Coffee With Alankit – Your Morning Companion Dear Institutional

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Money Market Wrap Up

• India's 10-year benchmark bond yield ended down 2 bps

at 8.50 percent. Bonds gained as a fall in global oil prices

raised expectation that inflation would be kept in check,

while hopes persisted that the government would

increase foreign investment limits in debt. (Reuters)

• The benchmark five-year interest rate swaps ended down

4 basis points at 7.98 percent and the one-year rate fell 2

bps at 8.44 percent. (Reuters)

• India's cash rate ended at 8.15/8.25 percent versus

Friday's close of 7.00/7.05 percent. (Reuters)

Mutual Fund & Insurance Wrap Up

• UTI Mutual Fund announced the NFO of UTI Fixed Term

Income - Series XX - I (1099 Days). The scheme will open

for subscription from September 05, 2014 to September

15, 2014. (ValueResearch)

• Birla Sun Life Mutual Fund has acquired ING Mutual Fund.

After the acquisition, all mutual fund schemes and

portfolio management accounts of ING will be managed

by Birla Sun Life. (ValueResearch)

• Tata Mutual Fund has decided to roll over Tata Fixed

Maturity Plan Series 44 Scheme A by 742 days. The

scheme is scheduled to mature on September 16, 2014

whereas now it will mature on September 27, 2016.

(ValueResearch)

International Metals & Energies Wrap Up

• Brent crude fell below $100 a barrel for the first time

since June 2013, as falling Chinese imports bolstered

concern that slower growth will worsen a global oil

surplus. (Bloomberg)

• Nickel climbed to a nine-week high amid concern that ore

shipments from the Philippines will drop. Nickel for

delivery in three months rose 1.8 percent to settle at

$19,930 a metric ton. (Bloomberg)

• Platinum volatility slumped to the lowest in nine years

amid fading investor interest in the metal used in

pollution-control devices for cars (Bloomberg)

Forex Wrap Up

• The dollar rallied to a 14-month high on speculation

financial markets are underestimating the pace of

interest-rate increases and investors sought a refuge

before the Scottish vote for independence this month.

(Bloomberg)

• The pound slid to the weakest level since November

versus the dollar as opinion polls highlighted the risk

Scotland will vote for independence next week,

potentially splintering the U.K.’s 307-year-old union.

(Bloomberg)

Money Market Wrap Up

• India's 10-year benchmark bond yield ended down 2 bps

at 8.50 percent. Bonds gained as a fall in global oil prices

raised expectation that inflation would be kept in check,

while hopes persisted that the government would

increase foreign investment limits in debt. (Reuters)

• The benchmark five-year interest rate swaps ended down

4 basis points at 7.98 percent and the one-year rate fell 2

bps at 8.44 percent. (Reuters)

• India's cash rate ended at 8.15/8.25 percent versus

Friday's close of 7.00/7.05 percent. (Reuters)

Mutual Fund & Insurance Wrap Up

• UTI Mutual Fund announced the NFO of UTI Fixed Term

Income - Series XX - I (1099 Days). The scheme will open

for subscription from September 05, 2014 to September

15, 2014. (ValueResearch)

• Birla Sun Life Mutual Fund has acquired ING Mutual Fund.

After the acquisition, all mutual fund schemes and

portfolio management accounts of ING will be managed

by Birla Sun Life. (ValueResearch)

• Tata Mutual Fund has decided to roll over Tata Fixed

Maturity Plan Series 44 Scheme A by 742 days. The

scheme is scheduled to mature on September 16, 2014

whereas now it will mature on September 27, 2016.

(ValueResearch)

International Metals & Energies Wrap Up

• Brent crude fell below $100 a barrel for the first time

since June 2013, as falling Chinese imports bolstered

concern that slower growth will worsen a global oil

surplus. (Bloomberg)

• Nickel climbed to a nine-week high amid concern that ore

shipments from the Philippines will drop. Nickel for

delivery in three months rose 1.8 percent to settle at

$19,930 a metric ton. (Bloomberg)

• Platinum volatility slumped to the lowest in nine years

amid fading investor interest in the metal used in

pollution-control devices for cars (Bloomberg)

Forex Wrap Up

• The dollar rallied to a 14-month high on speculation

financial markets are underestimating the pace of

interest-rate increases and investors sought a refuge

before the Scottish vote for independence this month.

(Bloomberg)

• The pound slid to the weakest level since November

versus the dollar as opinion polls highlighted the risk

Scotland will vote for independence next week,

potentially splintering the U.K.’s 307-year-old union.

(Bloomberg)

Policy Rates

Key Rates (%) 08-Sept-14 1 Week Ago 1 Month Ago

Reverse Repo 7.00 7.00 7.00

Repo 8.00 8.00 8.00

CRR 4.00 4.00 4.00

SLR 22.00 22.00 22.00

Bank Rate 9.00 9.00 9.00

Daily Rates

Key Rates (%) 08-Sept-14 Previous Close % Change#

NSE MIBOR O/N 7.71 8.09 -4.70

CALL 8.1 7.39 9.61

CBLO 8.01 7.34 9.13

OIS-1Yr 8.44 8.47 -0.35

OIS-5Yr 8 8.03 -0.37

Liquidity Indicators

Description (INR Cr) 08-Sept-14 1 Week Ago 1 Month Ago

Govt.Securities 36,247.34 14,127.26 21,398.02

Call Money 14483 10189 17079

CBLO 75282 69752 78342

LAF 10293 3322 1497

Treasury Bills 2,143.25 2,053.86 1,837.46

Top 5 traded G ‐ Sec

Security Maturity % Closing Yield % Change#

8.60% GS 2028 2-Jun-28 8.6583 -0.36

8.40% GS 2024 28-Jul-24 8.5025 -0.21

8.83% GS 2023 25-Nov-23 8.6652 -0.26

8.27% GS 2020 9-Jun-20 8.5804 -0.19

8.12% GS 2020 10-Dec-20 8.6596 -0.17

Commodity Market

Commodities (INR) 08-Sept-14 Gains+/Loss % Change#

Gold (10gm) 27224 -154 -0.56

Silver (1Kg) 41840 -173 -0.41

Crude Oil (1 barrel) 5592 -50 -0.89

Aluminium (1 Kg) 126.1 0.45 0.36

Copper (1Kg) 429.5 2.15 0.50

Currency Market

Currency 08-Sept-14 Gains+/Loss %Change#

USD/INR 60.2628 -0.1757 -0.29

EUR/INR 77.9439 -0.2514 -0.32

GBP/INR 97.5112 -1.1305 -1.15

JPY/INR 57.3300 -0.0300 -0.05

# % change is the over the previous days close.

Policy Rates

Key Rates (%) 08-Sept-14 1 Week Ago 1 Month Ago

Reverse Repo 7.00 7.00 7.00

Repo 8.00 8.00 8.00

CRR 4.00 4.00 4.00

SLR 22.00 22.00 22.00

Bank Rate 9.00 9.00 9.00

Daily Rates

Key Rates (%) 08-Sept-14 Previous Close % Change#

NSE MIBOR O/N 7.71 8.09 -4.70

CALL 8.1 7.39 9.61

CBLO 8.01 7.34 9.13

OIS-1Yr 8.44 8.47 -0.35

OIS-5Yr 8 8.03 -0.37

Liquidity Indicators

Description (INR Cr) 08-Sept-14 1 Week Ago 1 Month Ago

Govt.Securities 36,247.34 14,127.26 21,398.02

Call Money 14483 10189 17079

CBLO 75282 69752 78342

LAF 10293 3322 1497

Treasury Bills 2,143.25 2,053.86 1,837.46

Top 5 traded G ‐ Sec

Security Maturity % Closing Yield % Change#

8.60% GS 2028 2-Jun-28 8.6583 -0.36

8.40% GS 2024 28-Jul-24 8.5025 -0.21

8.83% GS 2023 25-Nov-23 8.6652 -0.26

8.27% GS 2020 9-Jun-20 8.5804 -0.19

8.12% GS 2020 10-Dec-20 8.6596 -0.17

Commodity Market

Commodities (INR) 08-Sept-14 Gains+/Loss % Change#

Gold (10gm) 27224 -154 -0.56

Silver (1Kg) 41840 -173 -0.41

Crude Oil (1 barrel) 5592 -50 -0.89

Aluminium (1 Kg) 126.1 0.45 0.36

Copper (1Kg) 429.5 2.15 0.50

Currency Market

Currency 08-Sept-14 Gains+/Loss %Change#

USD/INR 60.2628 -0.1757 -0.29

EUR/INR 77.9439 -0.2514 -0.32

GBP/INR 97.5112 -1.1305 -1.15

JPY/INR 57.3300 -0.0300 -0.05

# % change is the over the previous days close.

Page 7: 1Alankit Assignments Ltd › financialservices › Research... · 2014-09-09 · 4Alankit Assignments Ltd | P a g e Coffee With Alankit – Your Morning Companion Dear Institutional

Alankit Assignments Ltd 7 | P a g e

p

.rend

o

Nifty Short Term Trend

After a gap up opening in line with the steady global cues, Nifty

spot consolidated in a narrow range during the initial hours of

the session. However, the sideways move was then followed by

a huge momentum on the upside in the final hours of the day.

As a result, The Nifty managed to close above 8150-level, up

87.05 points or 1.08 percent at 8173.90.

Inline with our view, Nifty has bounced back sharply after

touching the breakout level of rising channel, which also

coincides with ‘Daily 6 EMA’. Nifty has also given ‘Bullish Flag

Pattern’ breakout in intraday charts, whose targets come to

near 8400 levels. Overall trend is still extremely bullish and one

should go with the trend.

We reiterate our stance that the broader view remains bullish

and nifty can rally towards 8400 levels and thus traders should

hold long positions with trailing stoplosses. On the contrary, for

the time being 8048 remains to be an initial support going

forward for the index. A breach of the same might bring in some

pessimism on the selected stocks and benchmark indices.

Nifty Short Term Trend

After a gap up opening in line with the steady global cues, Nifty

spot consolidated in a narrow range during the initial hours of

the session. However, the sideways move was then followed by

a huge momentum on the upside in the final hours of the day.

As a result, The Nifty managed to close above 8150-level, up

87.05 points or 1.08 percent at 8173.90.

Inline with our view, Nifty has bounced back sharply after

touching the breakout level of rising channel, which also

coincides with ‘Daily 6 EMA’. Nifty has also given ‘Bullish Flag

Pattern’ breakout in intraday charts, whose targets come to

near 8400 levels. Overall trend is still extremely bullish and one

should go with the trend.

We reiterate our stance that the broader view remains bullish

and nifty can rally towards 8400 levels and thus traders should

hold long positions with trailing stoplosses. On the contrary, for

the time being 8048 remains to be an initial support going

forward for the index. A breach of the same might bring in some

pessimism on the selected stocks and benchmark indices.

Outlook for the Day

Positive

Market Indices

Sensex: 27320

Nifty: 8174

Trend

Positive

Short Term Trend Reversal

Only Below 7540

Strategy

Buy on declines

Level to watch

Support: 8088, 8048

Resistance: 8210, 8255

Technical Picks

TV18 BROADCAST

GSK PHARMA

Outlook for the Day

Positive

Market Indices

Sensex: 27320

Nifty: 8174

Trend

Positive

Short Term Trend Reversal

Only Below 7540

Strategy

Buy on declines

Level to watch

Support: 8088, 8048

Resistance: 8210, 8255

Technical Picks

TV18 BROADCAST

GSK PHARMA

Page 8: 1Alankit Assignments Ltd › financialservices › Research... · 2014-09-09 · 4Alankit Assignments Ltd | P a g e Coffee With Alankit – Your Morning Companion Dear Institutional

Alankit Assignments Ltd 8 | P a g e

Technical Picks TV18 BROADCAST CASH - BUY CMP: 29.70

GSK PHARMA CASH - BUY CMP: 2537.65

If we analyze the medium term weekly charts, stock prices of TV18 BROADCAST are in bull trend as the prices are moving in 'HIGHER TOP HIGHER BOTTOM' price cycle. In addition, stock prices have given a bullish pattern breakout in daily chart known as 'FALLING CHANNEL'. In daily chart prices are well above its short term and medium term moving averages i.e. 20SMA, 50SMA and 200SMA which indicates overall bullishness in the counter. Technically looking on all the above scenario a strong upside from the current levels cannot be ruled out. Recommendation: We recommend positional

traders to go long in TV18 BROADCAST CASH

at/above 29.30 with SL of 28 for TARGETS of

33/35.

If we analyze the medium term weekly charts, stock prices of TV18 BROADCAST are in bull trend as the prices are moving in 'HIGHER TOP HIGHER BOTTOM' price cycle. In addition, stock prices have given a bullish pattern breakout in daily chart known as 'FALLING CHANNEL'. In daily chart prices are well above its short term and medium term moving averages i.e. 20SMA, 50SMA and 200SMA which indicates overall bullishness in the counter. Technically looking on all the above scenario a strong upside from the current levels cannot be ruled out. Recommendation: We recommend positional

traders to go long in TV18 BROADCAST CASH

at/above 29.30 with SL of 28 for TARGETS of

33/35.

As seen in the chart, stock prices of GSK PHARMA for last two months were trading in a range of 2440 - 2530 and yesterday the prices by giving a close above 2530 have completed a bullish 'RECTANGULAR CHANNEL' pattern. Along with it the prices have given a bullish trendline breakout in daily chart which was previously acting as a strong supply line. The above mentioned patterns are supported with good increase volumes and the impact of the same can lead prices to an upside of 2650/2710 in near term. Momentum oscillators like RSI and MACD are in positive zone supporting the buy call. Recommendation: Looking on the entire above scenario we recommend positional traders to go long in GSK PHARMA CASH at/above 2510 with SL of 2470 for TARGETS of 2650/2710.

As seen in the chart, stock prices of GSK PHARMA for last two months were trading in a range of 2440 - 2530 and yesterday the prices by giving a close above 2530 have completed a bullish 'RECTANGULAR CHANNEL' pattern. Along with it the prices have given a bullish trendline breakout in daily chart which was previously acting as a strong supply line. The above mentioned patterns are supported with good increase volumes and the impact of the same can lead prices to an upside of 2650/2710 in near term. Momentum oscillators like RSI and MACD are in positive zone supporting the buy call. Recommendation: Looking on the entire above scenario we recommend positional traders to go long in GSK PHARMA CASH at/above 2510 with SL of 2470 for TARGETS of 2650/2710.

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BANKNIFTY CALLS: RANGE FOR THE DAY IS 16180 - 16560

SCRIP SIGNAL ENTRY LEVELS TARGET STOP LOSS

BANKNIFTY FUTURES BUY AT/ABOVE 16226 16450/16555/16700 16198

IF BANKNIFTY HITS 16555 AND RETRACES THEN SELL BANKNIFTY AT/BELOW 16470

BANKNIFTY FUTURES SELL AT/BELOW 16470 16306/16200/16100 16565

BANKNIFTY FUTURES IS STRONG ABOVE 16200

NIFTY CALLS FOR THE DAY: RANGE FOR THE DAY IS 8160 – 8265

SCRIP SIGNAL ENTRY LEVELS TARGET STOP LOSS

NIFTY FUTURES BUY AT/ABOVE 8171 8220/8246/8275 8140

IF NIFTY FUT HITS 8260 AND RETRACES THEN SELL NIFTY FUT AT/BELOW 8238

NIFTY FUTURES SELL AT/BELOW 8238 8190/8155/8130 8266

NIFTY FUTURE IS STRONG ABOVE 8170

OPTIONS CALLS

SCRIP STRIKE

PRICE

SIGNAL ENTRY LEVELS TARGET STOP LOSS

BANKNIFTY 16300CE BUY AT/ABOVE 215 330/385/430 155

BANKNIFTY 16100PE BUY AT/ABOVE 140 250/310/365 105

NIFTY 8200CE BUY AT/ABOVE 65 91/113/138 52

NIFTY 8100PE BUY AT/ABOVE 38 55/69/84 26

ICICIBANK 1600CE BUY AT/ABOVE 16 29/41/53 11

ICICIBANK 1550PE BUY AT/ABOVE 19 33/45/57 13

INFY 3800CE BUY AT/ABOVE 39 57/69/84 28

INFY 3750PE BUY AT/ABOVE 41 59/71/86 30

RELIANCE 1040CE BUY AT/ABOVE 17 31/42/55 10

RELIANCE 1040PE BUY AT/ABOVE 13 22/30/38 8

SBIN 2600CE BUY AT/ABOVE 34 51/62/75 25

SBIN 2550PE BUY AT/ABOVE 29 44/53/65 21

TECHNICAL CALLS

SCRIP SIGNAL ENTRY LEVELS TARGET STOP LOSS

TV18 BROADCAST CASH BUY AT/ABOVE 29.30 33/35/37 28

GSK PHARMA CASH BUY AT/ABOVE 2510 2650/2710/2760 2470

M&M FUT SELL ONLY BELOW 1390 1350/1335/1320 1415

ABAN CASH BUY AT/ABOVE 755 785/800/825 735

LICHSG CASH BUY AT/ABOVE 322 332/340/351 318

HDFC LTD FUT SELL AT/BELOW 1065 1035/1020/1004 1082

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CORPORATE ACTION

Company Purpose Date

Balmer Lawrie Ex-date Dividend - Rs. 18 September 09, 2014

GMR Infra Ex-date Dividend - Rs. 0.10 September 09, 2014

Pidilite Ind Ex-date Dividend - Rs. 2.70 September 09, 2014

NEWS UPDATES

Punj Lloyd bags Rs 3,515-cr tank farm order from Petronas group

Punj Lloyd said that it has secured a Rs 3,515-crore ($581-million) RAPID (refinery and petrochemical integrated

development) tank farm order from PRPC Refinery and Cracker Sdn. Bhd., a subsidiary of Petroliam Nasional Berhad

(Petronas) group, Malaysia. (BL)

L& T Hydrocarbon wins orders worth Rs 1,920 cr

L& T Hydrocarbon Engineering, a fully-owned subsidiary of L&T, has secured orders worth Rs 1,920 crore from domestic

oil and gas majors. An offshore contract worth Rs 1,340 crore from Oil & Natural Gas Corporation (ONGC), includes

engineering, procurement, construction and installation of five wellhead platforms at the Mumbai High North field. (BL)

BHEL bags order from NPTI for operating training simulator

Bharat Heavy Electricals Limited’s city-based Electronics Division has bagged an order from National Power Training

Institute for design, engineering, testing, supply, installation and commissioning of Operator Training Simulator for

800MW Super Critical Power Plant, the company said. (BL)

Apollo Hospitals explores partnerships in Bahrain

India’s Apollo Hospitals is exploring partnership opportunities in the super—specialty sector of the healthcare industry

in Bahrain, a top official of the company has said. (BL)

Lanco cuts down workforce by 30% due to slowdown

Lanco Infratech, which has interests in infrastructure, power and realty segments, retrenched 30 per cent of its 5,700

workforce during the last financial year due to slowdown in development of some of its projects amid subdued market

conditions. (BL)

INTERNATIONAL MARKETS UPDATE

US markets

US markets ended mixed on Monday. S&P 500 was down by 0.31%, Dow Jones was down by 0.14% and NASDAQ was up

by 0.18%.

European Markets

European markets ended mixed on Monday. FTSE was down by 0.30% CAC was down by 0.26% and DAX was up by

0.11%.

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NSE (SEPTEMBER FUTURES) SUPPORT & RESISTANCE

SUPPORT LEVELS RESISTANCE LEVELS

STOCKS S3 S2 S1 PIVOT R1 R2 R3

ABIRLANUVO 1423.42 1437.93 1460.97 1475.48 1498.52 1513.03 1536.07

ACC 1495.83 1511.57 1534.18 1549.92 1572.53 1588.27 1610.88

ADANIENT 493.62 500.63 509.92 516.93 526.22 533.23 542.52

ADANIPORTS 281.25 285.9 293.6 298.25 305.95 310.6 318.3

ADANIPOWER 49.27 49.58 49.92 50.23 50.57 50.88 51.22

ALBK 112.22 113.48 115.22 116.48 118.22 119.48 121.22

AMBUJACEM 207.3 210.3 215.4 218.4 223.5 226.5 231.6

ANDHRABANK 70.67 71.43 72.47 73.23 74.27 75.03 76.07

APOLLOHOSP 1151.43 1162.07 1177.28 1187.92 1203.13 1213.77 1228.98

APOLLOTYRE 176.5 185 197.75 206.25 219 227.5 240.25

ARVIND 307.83 312.67 316.78 321.62 325.73 330.57 334.68

ASHOKLEY 37.03 37.62 38.18 38.77 39.33 39.92 40.48

ASIANPAINT 627.65 638.8 656.7 667.85 685.75 696.9 714.8

AUROPHARMA 813.57 821.83 834.87 843.13 856.17 864.43 877.47

AXISBANK 406.72 410.73 416.37 420.38 426.02 430.03 435.67

BAJAJ-AUTO 2293.37 2316.83 2340.67 2364.13 2387.97 2411.43 2435.27

BANKBARODA 875.9 881.15 888.15 893.4 900.4 905.65 912.65

BANKINDIA 274.63 278.07 282.28 285.72 289.93 293.37 297.58

BATAINDIA 1296.55 1313.1 1331 1347.55 1365.45 1382 1399.9

BHARATFORG 842.03 848.62 857.68 864.27 873.33 879.92 888.98

BHARTIARTL 395.08 398.62 401.28 404.82 407.48 411.02 413.68

BHEL 214.13 216.32 218.93 221.12 223.73 225.92 228.53

BIOCON 487.9 493.4 497.7 503.2 507.5 513 517.3

BPCL 677.05 683.8 694 700.75 710.95 717.7 727.9

CAIRN 327.53 329.77 333.53 335.77 339.53 341.77 345.53

CANBK 377.73 382.02 388.93 393.22 400.13 404.42 411.33

CENTURYTEX 610.13 616.57 625.48 631.92 640.83 647.27 656.18

CESC 714.63 725.77 742.58 753.72 770.53 781.67 798.48

CIPLA 554.93 557.97 561.58 564.62 568.23 571.27 574.88

COALINDIA 355.37 359.73 367.52 371.88 379.67 384.03 391.82

COLPAL 1509.42 1527.23 1559.17 1576.98 1608.92 1626.73 1658.67

CROMPGREAV 212.97 216.43 221.52 224.98 230.07 233.53 238.62

DABUR 223.6 225.4 226.7 228.5 229.8 231.6 232.9

DISHTV 53.57 54.13 55.02 55.58 56.47 57.03 57.92

DIVISLAB 1620.82 1640.93 1663.72 1683.83 1706.62 1726.73 1749.52

DLF 164.03 167.32 172.13 175.42 180.23 183.52 188.33

DRREDDY 2961.67 2976.83 2996.72 3011.88 3031.77 3046.93 3066.82

EXIDEIND 159.48 161.42 162.73 164.67 165.98 167.92 169.23

FEDERALBNK 121.98 123.27 125.28 126.57 128.58 129.87 131.88

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STOCKS S3 S2 S1 PIVOT R1 R2 R3

GAIL 442.1 447.15 451.75 456.8 461.4 466.45 471.05

GLENMARK 747.2 756.75 764.9 774.45 782.6 792.15 800.3

GMRINFRA 23.95 24.2 24.6 24.85 25.25 25.5 25.9

GODREJIND 322.87 331.28 344.07 352.48 365.27 373.68 386.47

GRASIM 3495.7 3540.05 3608.3 3652.65 3720.9 3765.25 3833.5

GSKCONS 4423.63 4446.82 4488.63 4511.82 4553.63 4576.82 4618.63

HAVELLS 256.83 264.37 276.13 283.67 295.43 302.97 314.73

HCLTECH 1618.13 1634.12 1653.88 1669.87 1689.63 1705.62 1725.38

HDFC 1033.3 1042.95 1049.8 1059.45 1066.3 1075.95 1082.8

HDFCBANK 842.52 848.83 859.37 865.68 876.22 882.53 893.07

HDIL 91.88 92.97 94.23 95.32 96.58 97.67 98.93

HEROMOTOCO 2679 2717 2754 2792 2829 2867 2904

HEXAWARE 161.07 165.18 171.07 175.18 181.07 185.18 191.07

HINDALCO 164.37 166.43 170.07 172.13 175.77 177.83 181.47

HINDPETRO 460.25 469.65 484.1 493.5 507.95 517.35 531.8

HINDUNILVR 720.17 726.08 735.87 741.78 751.57 757.48 767.27

HINDZINC 167.17 169.48 171.77 174.08 176.37 178.68 180.97

IBREALEST 66.6 67.5 68.8 69.7 71 71.9 73.2

ICICIBANK 1538.25 1547.15 1560.2 1569.1 1582.15 1591.05 1604.1

IDBI 73.07 73.73 74.72 75.38 76.37 77.03 78.02

IDEA 162.62 164.08 165.42 166.88 168.22 169.68 171.02

IDFC 140 141.7 142.8 144.5 145.6 147.3 148.4

IFCI 31.75 32.15 32.9 33.3 34.05 34.45 35.2

IGL 381.33 385.22 389.33 393.22 397.33 401.22 405.33

INDIACEM 118.48 119.87 121.58 122.97 124.68 126.07 127.78

INDUSINDBK 609.62 613.03 618.07 621.48 626.52 629.93 634.97

INFY 3690.43 3710.42 3744.03 3764.02 3797.63 3817.62 3851.23

IOB 57.93 58.57 59.43 60.07 60.93 61.57 62.43

IOC 377.7 383.45 393.2 398.95 408.7 414.45 424.2

IRB 248.7 255.6 260.9 267.8 273.1 280 285.3

ITC 347.38 349.22 351.78 353.62 356.18 358.02 360.58

JINDALSTEL 226.13 229.82 234.03 237.72 241.93 245.62 249.83

JISLJALEQS 86.33 87.57 88.33 89.57 90.33 91.57 92.33

JPASSOCIAT 30.5 31.7 33.55 34.75 36.6 37.8 39.65

JPPOWER 12.93 13.17 13.53 13.77 14.13 14.37 14.73

JSWENERGY 76.52 77.68 79.02 80.18 81.52 82.68 84.02

JSWSTEEL 1285.77 1298.13 1319.47 1331.83 1353.17 1365.53 1386.87

JUBLFOOD 1303.57 1314.78 1328.72 1339.93 1353.87 1365.08 1379.02

JUSTDIAL 1690.15 1703.05 1718.5 1731.4 1746.85 1759.75 1775.2

KOTAKBANK 1043 1054.25 1065.4 1076.65 1087.8 1099.05 1110.2

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STOCKS S3 S2 S1 PIVOT R1 R2 R3

KTKBANK 125.98 127.42 129.63 131.07 133.28 134.72 136.93

L&TFH 65.9 66.5 67.2 67.8 68.5 69.1 69.8

LICHSGFIN 316.58 318.67 322.23 324.32 327.88 329.97 333.53

LT 1607.13 1613.22 1622.13 1628.22 1637.13 1643.22 1652.13

LUPIN 1318.63 1327.12 1334.83 1343.32 1351.03 1359.52 1367.23

M&M 1359.03 1377.07 1389.03 1407.07 1419.03 1437.07 1449.03

M&MFIN 271.7 274.35 277.4 280.05 283.1 285.75 288.8

MARUTI 2816.83 2843.02 2887.63 2913.82 2958.43 2984.62 3029.23

MCDOWELL-N 2187.03 2223.52 2254.83 2291.32 2322.63 2359.12 2390.43

MCLEODRUSS 289.02 291.53 293.72 296.23 298.42 300.93 303.12

MRF 25227.87 26228.93 27967.22 28968.28 30706.57 31707.63 33445.91

NHPC 20.67 20.78 20.97 21.08 21.27 21.38 21.57

NMDC 179.43 181.57 183.13 185.27 186.83 188.97 190.53

NTPC 136.17 138.48 139.87 142.18 143.57 145.88 147.27

OFSS 3548.3 3576.15 3595.4 3623.25 3642.5 3670.35 3689.6

ONGC 441.42 444.98 450.37 453.93 459.32 462.88 468.27

ORIENTBANK 266 269.5 274.95 278.45 283.9 287.4 292.85

PETRONET 178.52 182.08 184.92 188.48 191.32 194.88 197.72

PFC 257.2 259.85 262.4 265.05 267.6 270.25 272.8

PNB 927 932.4 941.15 946.55 955.3 960.7 969.45

POWERGRID 128.7 130.6 132 133.9 135.3 137.2 138.6

PTC 85.53 86.27 87.53 88.27 89.53 90.27 91.53

RANBAXY 646.78 650.62 655.78 659.62 664.78 668.62 673.78

RCOM 109 110.35 111.25 112.6 113.5 114.85 115.75

RECLTD 265.67 268.83 270.87 274.03 276.07 279.23 281.27

RELCAPITAL 514.87 521.73 530.27 537.13 545.67 552.53 561.07

RELIANCE 1023.68 1028.27 1034.83 1039.42 1045.98 1050.57 1057.13

RELINFRA 652.67 666.83 676.07 690.23 699.47 713.63 722.87

RPOWER 73.75 74.5 75.2 75.95 76.65 77.4 78.1

SAIL 82.65 83.45 84 84.8 85.35 86.15 86.7

SBIN 2497 2514.75 2544.9 2562.65 2592.8 2610.55 2640.7

SIEMENS 837.02 849.63 871.77 884.38 906.52 919.13 941.27

SRTRANSFIN 932.35 950.35 962.55 980.55 992.75 1010.75 1022.95

SSLT 278.93 280.82 283.03 284.92 287.13 289.02 291.23

SUNPHARMA 850.82 856.28 862.92 868.38 875.02 880.48 887.12

SUNTV 328.68 339.02 345.83 356.17 362.98 373.32 380.13

SYNDIBANK 108.63 111.07 114.63 117.07 120.63 123.07 126.63

TATACHEM 402.57 407.78 413.47 418.68 424.37 429.58 435.27

TATACOMM 370.67 376.58 385.67 391.58 400.67 406.58 415.67

TATAGLOBAL 158.52 160.68 163.12 165.28 167.72 169.88 172.32

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STOCKS S3 S2 S1 PIVOT R1 R2 R3

TATAMOTORS 498.5 502.1 507.7 511.3 516.9 520.5 526.1

TATAMTRDVR 362.17 366.08 370.47 374.38 378.77 382.68 387.07

TATAPOWER 84.9 86.2 87.2 88.5 89.5 90.8 91.8

TATASTEEL 503.62 507.63 513.37 517.38 523.12 527.13 532.87

TCS 2564.2 2582.9 2614.7 2633.4 2665.2 2683.9 2715.7

TECHM 2435.17 2450.08 2475.17 2490.08 2515.17 2530.08 2555.17

TITAN 377.73 381.62 384.53 388.42 391.33 395.22 398.13

UBL 687.92 701.58 719.67 733.33 751.42 765.08 783.17

UCOBANK 81.45 82.65 84.2 85.4 86.95 88.15 89.7

ULTRACEMCO 2623.65 2647.05 2687.2 2710.6 2750.75 2774.15 2814.3

UNIONBANK 203.35 205.35 207.7 209.7 212.05 214.05 216.4

UNITECH 22.2 22.55 23.05 23.4 23.9 24.25 24.75

UPL 359.58 366.07 374.33 380.82 389.08 395.57 403.83

VOLTAS 248.87 252.98 258.37 262.48 267.87 271.98 277.37

WIPRO 566.03 572.47 583.13 589.57 600.23 606.67 617.33

YESBANK 602.95 607.55 615.6 620.2 628.25 632.85 640.9

ZEEL 276.47 278.78 281.07 283.38 285.67 287.98 290.27

Disclaimer : The information contained in this report is extracted from different public sources and does not

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