© Sumpoorna 2017

Daily Technical Roundup FEBRUARY 25TH 2019

1

Market Commentary

FII & DII Activity

FII (Cash) in Cr +6311.01

DII (Cash) in Cr +838.88

FII (Index Futures) in Cr +75.58

FII (Index Options) in Cr +6.44

FII (Stock Futures) in Cr -1086.29

FII (Stock Options) in Cr -52.36

Benchmark indices ended flat on Friday after trading in narrow range throughout the day.

The Sensex was down 26.87 points at 35871.48, while Nifty was up 1.80 points at 10791.70. About 1602 shares have advanced, 906 shares declined, and 148 shares are unchanged.

IOC, HPCL, JSW Steel, Vedanta and Yes Bank were the top gainers on the Nifty, while losers include Kotak Mahindra Bank, GAIL, HDFC Bank, Reliance Industries and Cipla.

Among the sectors, except energy and bank all other sectoral indices ended in green.

USDINR closed at 71.1400(-0.15%). Brent Crude is at 67.22$.

In the morning, The Shanghai Composite (+2.13) Nekkei225 (+0.61%) and the Hang Seng(+0.22) are showing positive cues . SGX NIFTY appeared positive (+0.14%)

Results on February 25: JMT Auto, Khaitan India, Rollatainers, United Drilling Tools.

NBFCs: RBI to merge 3 categories of NBFCs to create a new category called NBFC-ICC.

Motilal Oswal, IIFL Holdings: SEBI declares commodity arms of Motilal Oswal, IIFL 'not fit and proper'.

Tata Metaliks board meeting will be held on February 27, 2019 to consider, a proposal for raising of funds

NTPC: Nabinagar Thermal Power Project has been declared running commercial operation.

Wipro gets approval to issue of bonus shares and increase in authorised share capital

Jet Airways: An additional two aircrafts have been grounded due to non-payment of amount outstanding to lessors under their respective lease agreements.

GVK Power & Infrastructure: Equity shareholding of the GVK Group will increase to 64 percent from the existing 50.5 percent of the total paid-up share capital of Mumbai International Airport Limited after the acquisition of 13.5 percent stake from Bid Services Division (Mauritius).

Shakti Pumps: Akhilesh Maru tendered his resignation from the post of Chief Financial Officer as he is looking to start his own enterprise.

Put-Call Ratio's

Index Options 0.94

Stock Options 0.56

F&O Total 0.88

© Sumpoorna 2017

Daily Technical Roundup FEBRUARY 25TH 2019

2

Nifty Outlook

Outlook: Nifty is expected to trade initially in a range 10740to1084 initially, support 10700 Resistance 10880-920 NSE Overall Advance & Decline

- Advances 1220

- Declines 587

- Unchanged 84

Change in Open Interest (FEB)

- Nifty --7.33lakhsShare (-3.49%)

- Bank Nifty +0.46Lakh Shares (+3.74%)

Nifty PE 26.32

India VIX 15.4500(-3.75)

Nifty has follow up buying after the confirmation of an inverted hammer.

The index is expected to trade in the range 10740 to 10840. Next resistance

is at 10890to 10920 and the index needs to close above this resistance zone

to resume uptrend. Major resistance is 11000.

Below 10740 supports seems at 10700 and next 10660.

Any closing below 10660 would be alarming but one should be considered

major sell off only below 10580.

Oscillators are mixed. Sustaining at higher levels would be a concern.

Chart (Daily): 10792

High 10802

Low 10758

Resistance Levels

- R1 10840

- R2 10880

- R3 10920-11000

Support Levels

- S1 10740

- S2 10700

- S3 10660-10580

NIFTY - BANK Outlook

Outlook: Nifty Bank is expected to trade initially in the range 26600-27000; Resistances 27200; Support 26400

Bank Nifty Overall Advance & Decline

- Advances 7

- Declines 4

- Unchanged 1

Bank Nifty Open Interest

+0.46Lakh Shares (+3.74%)

Nifty bank has made an evening star type pattern in daily chart and

faced difficulty to cross the 50 SMA resistance zone around 27100-

27200.

The initial range is expected to be 26600 to 27000. The index needs

to close above 27320 to resume strength.

Below 26600 closing the index would show weakness but major

support at 26400 and 24240 should be considered as a trend

decider.

Oscillators are mixed and the index seems trading range bound.

© Sumpoorna 2017

Daily Technical Roundup FEBRUARY 25TH 2019

3

Bank Nifty Chart (Daily):26867

High 26997

Low 26847

Resistance Levels

- R1 27000

- R2 27200

- R3 27320

Support Levels

- S1 26600

- S2 26400

- S3 26240

Stock Watch

Trends 1 2 3 4 5

Fresh Longs DISHTV REPCOHOM BEML SOUTHBK VGUARD

Fresh Shorts KOTAKBANK ARVIND MRPL TORNTPHARMA FEDERALBANK

Short Coverings SREINFRA SIEMENS RELINFRA L;ICHSGFIN OIL

Long Unwinding KSCL MANAPURAM SUNTV ALBK EXIDEIND

STOCK PICKS BPCL

Recommendation BUY

Current Price 346

Current Price (Date) 22ND Feb 2019

Transaction Price Range

above 347

Target 360-370-380

Stop Loss 340

200DMA 355.78

Segment Cash

52-week High (Rs.) 467.00

` 239.00

Market Cap (Rs. Cr) 74808.31

BPCL is on the verge of a breakout above 50 SMA and above the neckline of an inverse HNS pattern in hourly chart.

© Sumpoorna 2017

Daily Technical Roundup FEBRUARY 25TH 2019

4

ITC

Recommendation SELL

Current Price 274.30

Current Price (Date) 22nd Feb’2019

Transaction Price Range

Below 272.50

Target 267-262

Stop Loss 277

200DMA 284

Segment Cash

52-week High (Rs.) 322.70

52-week Low (Rs.) 251.30

Market Cap (Rs. Cr) 336738.76

ITC has a HNS type pattern and the breakdown is expected below multiple bottoms 273.

© Sumpoorna 2017

Daily Technical Roundup FEBRUARY 25TH 2019

5

Source: Sumpoorna Research, NSE, BSE, SEBI,

and other publically available documents.

Document prepared by:

Nitesh Aggarwala & Sunil Koul

For further information, please

contact: Sumpoorna Global Markets &

Economics Research

Phone: +91 120 4505200

email:

globalresearch@sumpoorna.com

url: www.sumpoornaonline.com

Disclaimer: This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the security/ instrument referred to in this document (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment. This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced, redistributed or passed on, directly or indirectly. Sumpoorna Portfolio Limited, its affiliates, directors, its proprietary trading and investment businesses (collectively referred to as ‘Sumpoorna’) may, from time to time, make investment decisions that are inconsistent with or contradictory to the recommendations expressed herein. The views contained in this document are those of the analyst, and the company may or may not subscribe to all the views expressed within. Reports based on technical and derivative analysis center on studying charts of a investment vehicle's price movement, outstanding positions and trading volume, as opposed to focusing on a instrument's fundamentals and, as such, may not match with a report on a company's/ investment vehicles fundamentals. The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this document is for general guidance only. Sumpoorna or any of its affiliates/ group companies 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 report. Sumpoorna has not independently verified all the information contained within this document. Accordingly, we cannot testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While Sumpoorna endeavours to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Neither Sumpoorna, its directors, employees nor its affiliates shall be liable for any loss or damage that may arise from or in connection with the use of this information. Note: Please contact Sumpoorna for more information on investment decisions. Also, please refer to the latest update on respective investment instruments for the disclosure status in respect of those particular investment instruments. Sumpoorna and its affiliates and clients may have investment positions in the investment vehicles recommended in this report.

© Sumpoorna 2017

Daily Technical Roundup FEBRUARY 25TH 2019

6