market kaleidoscope

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Page 1: Market Kaleidoscope

The contents of this report are not investment advice or recommendations. These are merely views of our analyst made in good faith.Recipient should not buy, sell, deal in securities without consulting their investment advisor and understanding the risks associated with

investing in securities markets. Ssl shall not be responsible if the actual trends are different from the views contained herein.Please refer to our disclaimer given at the back cover page

Technical Research Report

For 9 March,2015 (Key data as on 5 Mar,2015)

Stock to Watch:Holding Period - One to Five Days

Script CMP Strategy Stoploss Target

IBREALEST 76.25 Buy at 75 72 81

TVSMOTOR 292.35 Buy at 290 284 300

Note: LTP: Last Traded Price • Source: www.nseindia.com,SSL Retail ResearchNote: Stop loss to be considered on close prices

Nifty Top Gainers

SCRIP NAME LTP (%)

SUNPHARMA 1038.75 3.22

LUPIN 1838.15 2.85

HINDUNILVR 939.7 2.58

BANKBARODA 184.05 2.02

HDFC 1394.8 1.98

Indices

5th Mar 2015 +/- Points

SENSEX 29448.95 68.22

CNX Nifty 8937.75 15.1

CNX IT 12665.5 -65.1

CNX Nifty Junior 19974.75 113.55BANK Nifty 19748 104.1

CNX Midcap 13349.5 106.6

Turnover (Cr.)

BSE NSE NSE F&O

3,647 19,542 2,36,434

Nifty Top Losers

SCRIP NAME LTP (%)

NMDC 127.35 -3.96

ULTRACEMCO 3189.55 -3.65

HINDALCO 148.1 -3.27

GRASIM 3784.7 -2.53

COALINDIA 363.95 -2.05

Advance / Decline

EXCHANGE ADVANCE DECLINE UNCHANGE TOTAL

BSE 1386 1480 112 2978

NSE 724 756 66 1546

Market Round Up:The market closed the day on marginally positive notewith nifty gained by 15.10 points to close the day atof 8937.75. Sensex closed higher by 68.22 points toclose the day at 29.665.50. The market opened onflat note around previous day's close of 8922.65 atlevel of 8929.40 and within fifteen minutes of trademade high of 8949.05. Nifty then fell in red to makelow of 8891.15 within an hour of trade and tradedaround previous day's close for two hours of trade.Nifty soon after two hours of trade went downwardsmaking lower tops and lower bottoms to makeintraday low of 8849.35 an hour later mid noon. Niftytowards post noon session recovered till previousday's close and further went upwards to makeintraday high of 8957.55 towards closing session. Niftytowards closing minutes of trade fell till level of8931.40 to close the day at 8937.75. Today nifty gaverange of 108.20 points. There were 20 Advancers,30 Declines and 0 Unchanged in Nifty.

Market View:The Index has a support of 29,021 - 29,235 on thedown side & a resistance of 29,591 - 29,732 on theupside, while the Nifty has a support of 8,807 - 8,872on the down side & a resistance 8,980 - 9,023 on theupside for the day, On 4th March 2015, FIIs were netequity net Buyers to the tune of Rs 2801.24 crores inthe cash market while on 4th March 2015 domesticmutual funds were net Buyers of stocks to the tuneof Rs 200.50 crores in the cash market. On 5th March2015, FIIs were net sellers to the tune of Rs 74.99 infutures & option market.

Source: NSE India.com

Nifty Chart

Page 2: Market Kaleidoscope

Technical Report Market Kaleidoscope

SBICAP Securities Limited • Mar 05, 2015 Technical Report

DISCLAIMER:We, Ashu Bagri, B.Com - Deputy Head - Technical Analyst and Amit Bagade, MBA - Technical Analyst, author of this report, hereby certifythat all of the views expressed in this research report accurately reflect my/our personal views about any and all of the subject issuer(s) orsecurities. This report has been prepared based upon information available to the public and sources, believed to be reliable. I/We alsocertify that no part of my/our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) inthis report.

SBICAP Securities Limited (SSL),a full service Stock Broking Company and a member of National Stock Exchange of India Ltd. (NSE) andBombay Stock Exchange Ltd. (BSE). SSL is a wholly owned subsidiary of SBI Capital Markets Limited (SBICAP), which is engaged into theinvestment banking activities and is registered with the Securities and Exchange Board of India as a "Category I" Merchant Banker.SBICAP (Singapore) Limited, a fellow subsidiary of SSL, incorporated in Singapore is regulated by the Monetary Authority of Singapore asa holder of a capital markets services license and an exempt financial adviser in Singapore. SBICAP (Singapore) Limited's services areavailable only to accredited investors (other than individuals), and institutional investors in Singapore as defined in section 4A of theSecurities and Futures Act (Cap. 289) of Singapore. SBICAP (Singapore) is a wholly owned subsidiary of SBICAP. SBICAP (UK) Limited,a fellow subsidiary of SSL, incorporated in United Kingdom is authorised and regulated by the Financial Services Authority. [SBICAP,SBICAP (Singapore) Limited, SBICAP (UK) Limited and SSL are collectively referred to as SBICAP Entities].

Recipients of this report should assume that SBICAP Entities (and/or its Affil iates) is seeking (or may seek or will seek) InvestmentBanking, advisory, project finance or other businesses and may receive commission, brokerage, fees or other compensation from thecompany or companies that are the subject of this material/ report. SSL (and/or its Affiliates) and its officers, directors and employees,including the analysts and others involved in the preparation/issuance of this material and their dependant(s), may on the date of thisreport/from time to time, have long/short positions in, act as principal in, and buy or sell the securities or derivatives thereof of companiesmentioned herein.

SSL's sales people, dealers, traders and other professionals may provide oral or written market commentary or trading strategies to itsclients that reflect opinion that are contrary to the opinions expressed herein, and its proprietary trading and investing businesses maymake investment decisions that are inconsistent with the recommendations expressed herein. SSL may have earlier issued or may issuein future reports on the companies covered herein with recommendations/ information inconsistent or different from those made in thisreport. In reviewing this document, you should be aware that any or all of the foregoing, among other things, may give rise to potentialconflicts of interest.

Please ensure that you have read "Risk Disclosure Document for Capital Market and Derivatives Segments" as prescribed by Securitiesand Exchange Board of India before investing in Indian Securities Market.

The projections and forecasts described in this report should be carefully evaluated as these

1. Are based upon a number of estimates and assumptions and are inherently subject to significant uncertainties and contingencies.

2. Can be expected that some of the estimates on which these were based, will not materialize or will vary significantly from actual results,and such variances may increase over time.

3. Are not prepared with a view towards compliance with published guidelines or generally accepted accounting principles. No independentaccountants have expressed an opinion or any other form of assurance on these.

4. Should not be regarded, by mere inclusion in this report, as a representation or warranty by or on behalf of SSL the authors of this report,or any other person, that these or their underlying assumptions will be achieved.

This report is for information purposes only and SBICAP Entities accept no liabilities for any loss or damage of any kind arising out of theuse of this report. Though disseminated to clients simultaneously, not all clients may receive this report at the same time. SSL will not treatrecipients as clients by virtue of their receiving this report. It should not be construed as an offer to sell or solicitation of an offer to buy,purchase or subscribe to any securities this report shall not form the basis of or be rel ied upon in connection with any contract orcommitment, whatsoever. This report does not solicit any action based on the material contained herein.

It does not constitute a personal recommendation and does not take into account the specific investment objectives, financial situation/circumstances and the particular needs of any specific person who may receive this document. The securities discussed in this report maynot be suitable for all the investors. SSL does not provide tax advice to its clients and you should independently evaluate the suitability ofthis report and all investors are strongly advised to seek professional consultation regarding any potential investment. Nothing in thisreport is intended by SBICAP Entities to be construed as legal, accounting or tax advice.

Certain transactions including those involving futures, options, and other derivatives as well as non-investment grade securities give riseto substantial risk and are not suitable for all investors. Foreign currency denominated securities are subject to fluctuations in exchangerates that could have an adverse effect on the value or price of or income derived from the investment. Investors in securities such as

Name Designation

Ashu Bagri Deputy Head - Technical AnalystAmit Bagade Technical Analyst

Corporate Office: SBICAP Securities Limited, 191, Maker Towers 'F', Cuffe Parade, Mumbai 400 005

Toll Free: MTNL/BSNL Users: 1800-22-3345 / Private Telecom Users: 1800-209-9345

E-mail: [email protected]

Timings: 8:30 a.m. to 6.30 p.m. (Monday to Friday except Trading holidays) & 9.30 a.m. to 2.30 p.m. (Saturdays)

Page 3: Market Kaleidoscope

Technical Report Market Kaleidoscope

SBICAP Securities Limited • Mar 05, 2015 Technical Report

ADRs, the value of which are influenced by foreign currencies effectively assume currency risk.

The price, value and income of the investments referred to in this report may fluctuate and investors may realize losses on any investments.Past performance is not a guide for future performance. Actual results may differ materially from those set forth in projections. SSL hasreviewed the report and, the current or historical information included here is believed to be reliable, the accuracy and completeness ofwhich is not guaranteed. SSL endeavors to update on a reasonable basis the information discussed in this document/material/ report, butregulatory compliance or other reasons may prevent it from doing so.

This report/document has been prepared by SSL based upon information available to the public and sources, believed to be reliable. Norepresentation or warranty, express or implied is made that it is accurate or complete.

The opinions expressed in this report are subject to change without notice and have no obligation to tell the clients when opinions orinformation in this report change. This report has not been approved and will not or may not be reviewed or approved by any statutory orregulatory authority in India, United Kingdom or Singapore or by any Stock Exchange in India, United Kingdom or Singapore. This reportmay not be all inclusive and may not contain all the information that the recipient may consider material.

This report does not constitute or purport to constitute investment advice in publicly accessible media and should not be reproduced,transmitted or published by the recipient. The report is for the use and consumption of the recipient only. This report or any portion hereofmay not be printed, sold or distributed without the written consent of SBICAP Entities.

The securities described herein may not be eligible for sale in all jurisdictions or to all categories of investors. The countries in which thecompanies mentioned in this report are organized may have restrictions on investments, voting rights or dealings in securities by nationalsof other countries. Distributing /taking/sending/dispatching/transmitting this document in certain foreign jurisdictions may be restricted bylaw, and persons into whose possession this document comes should inform themselves about, and observe, any such restrictions. Failureto comply with this restriction may constitute a violation of any foreign jurisdiction laws. Neither SBICAP Entities nor its directors,employees, agents or representatives shall be liable for any damages whether direct or indirect, inc idental, special or consequentialincluding lost revenue or lost profits that may arise from or in connection with the use of the information. Further, no representation orwarranty, expressed or implied, is made or given by or on behalf of SBICAP Entities, nor any person who controls it or any director, officer,employee, advisor or agent of it, or affiliate of any such person or such persons as to the accuracy, authenticity, completeness or fairnessof the information or opinions contained in this report and SBICAP Entities or such persons do not accept any responsibility or liability forany such information or opinions and therefore, any liability or responsibility is expressly disclaimed.

Legal Entity Disclosure

Singapore: This report may be distributed in Singapore by SBICAP (Singapore) Limited (Registration No. 201026168R), a holder of acapital markets services license and an exempt financial adviser in Singapore and solely to persons who qualify as institutional investorsor accredited investors (other than individuals) as defined in section 4A(1) of the Securities and Futures Act, Chapter 289 of Singapore (the"SFA") and is not intended to be distributed directly or indirectly to any other class of person. Persons in Singapore should contact SBICAP(Singapore) Limited in respect of any matters arising from, or in connection with this report.

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This report is issued and distributed by SBICAP Entities without any liability / undertaking / commitment on the part of itselves or SBICapital Markets Limited or State Bank of India or any other entity in the State Bank Group. Further, in case of any commitment on behalf ofState Bank of India or SBI Capital Markets Limited or any entity in the State Bank Group, such commitment is valid only when separatelyconfirmed by that entity.