MARKET-HUB

'Weekly expiry will give environment

for Nifty to try and overpower 12,300'

The Indian rupee has recovered from

from the day's low but still trading

lower by 9 paise at 71.65 per dollar,

with selling seen in the domestic

equity market.It opened 23 paise

lower at 71.79 per dollar versus

Tuesday close of 71.56.

Federal Bank share price rose more

than 2 percent intraday on February

20 after research house Morgan

Stanley upgraded the stock to equal-

weight from underweight rating.

Thomas Cook (India) share price rose

more than 14 percent in early trade on

February 20 after the company said it

will consider buyback of its shares.

Aurobindo Pharma share price

continued its gaining momentum on

Thursday after the company received

an establishment inspection report

(EIR) on February 19.On Wednesday,

the share closed 20.40 percent higher

at Rs 602.25 on the BSE.

Sterlite Technologies share price

added 7 percent in early trade on

February 20 after the company won

an order worth Rs 1,500 crore.

Simplex Infrastructures share price

was locked at 5 percent upper circuit

on February 20 following reports of

Adani Group is buying equity stake in

the company.

The share price of Ambuja Cements

gained 2 percent intraday on February

20, the day the company is to

announce its quarterly and full-year

earnings.

Bandhan Bank share price rose nearly

5 percent intraday on February 20

despite research house Macquarie

maintaining its underperform rating

on the stock.

Coronavirus outbreak is a black swan

event for markets, but is not a major

threat to India's economy, experts and

brokerages said.The concerns over the

impact of coronavirus on economic

growth have kept the markets across

the globe jittery.

After suffering losses for the six

consecutive sessions, shares of

IndusInd Bank jumped 3.57 percent to

close at Rs 1,181.75 on BSE on

February 20.

Shares of Piramal Enterprises gained

3.5 percent intraday on February 20

after ICICI Securities initiated a buy

rating on the stock with a target of Rs

2,025, implying 29 percent potential

upside from current levels, citing

strong opporutunity in consumer

space.

Adani Gas share price rose nearly 13

percent intraday on February 20 after

the company got a clean chit from the

Petroleum and Natural Gas

Regulatory Board (PNGRB).

Shares of Indian Railway Catering

and Tourism Corporation (IRCTC)

has been on a stellar run since its

listing in October 2019.The scrip has

returned a whopping 500 percent on

its list price of Rs 320 per share.

NEWS LETTER

Beyond Research,

Beyond Advice

22nd February 2020

Issue – 387

Market News

MARKET-HUB

Results & Corporate Action

MARKET-HUB

Nifty Spot in Last Week:-

As we saw the Price Movement in Nifty Spot in last week that In Upside is

12,246.20 and in Downside 11,990.75.

Nifty Spot in Upcoming Week:-

There is strong Resistance is 12,222 if not close above this level then we will see sell

on rise down side target 12,000 to 11,950 possibility.

Bank Nifty in Upcoming week:-

There is strong Resistance is 31,600 if not close above this level then we will see

down side target 30,500 to 30,000 possibility.

Market Technical

Page: - 2

BANKNIFTY WEEKLY CHART

NIFTY WEEKLY CHART

Recommendation for next week

MARKET-HUB

COPPER: - Sell on rise with stop loss 445 down

side target will be 418 possibilities, down side 418

level strong support.

CRUDEOIL: - Buy in deep with stop loss

3,610 upside target will be 3,800 possibilities, sell

on rise with stop loss 3890.

.

.

SILVER: - Buy in deep with stop loss

45,300 upside target will be 49,000

possibilities.

GOLD: - Buy in deep with stop loss 41,800

upside target will be 43,300 possibilities.

Commodity Market

MARKET-HUB

Currency

FUT

LEVEL

DEMAND

ZONE

LEVEL

CLOSE SUPPLY

ZONE

LEVEL

D2 D1 S1 S2

USDINR 71.30 71.50 71.67 71.85 72.10

GBPINR 91.00 91.80 92.24 92.77 93.30

EURINR 76.80 77.00 77.39 77.83 78.19

JPYINR 62.80 63.30 63.95 64.41 64.81

USDINR: - Investors can buy on deep with stop

loss of 71.00 upside target will be 71.80 to 72.00

possibility, sell on rise with sl 72.20 target will be

71.00 possibility.

GBPINR: - Investors can buy in deep with

stop loss of 90.60 upside target will be 93.00

possibility, sell on rise with stop loss 93.50

down side target will be 91.80 possibility.

EURINR: - There is strong Resistance is

78.20 if not close above this level then we

will see sell on rise down side target 77.30

possibility.

.

JPYINR: Sell on rise with stop loss of

64.85 down side target will be 63.30

possibilities.

Currency Market (Future Levels)

MARKET-HUB

Premium / Discount

(USD/ INR) Based on Forward Rates

Duration Premium

One

month Forward

0.23

Three month

Forward

0.43

Six

month

1.23

One year 2.64

RBI reference Rates

Currency Rates

USD 71.40

GBP 92.82

Euro 77.36

100 Yen 65.04

Currency Corner

MARKET-HUB

5 Wealth Creation Tips from Ramesh Damani:

We all know that wealth creation is simple but not easy. We need to learn from

the people who have treaded on this path and have achieved some meaningful

success. Their experience can be our guiding principles.

Ramesh Damani is one such successful investor it is opportune time to learn

his views. Presenting here his ideas as appeared on Moneycontrol

News@moneycontrolcom

Learning never stops on D-Street, Ramesh Damani, member, BSE, tells

CNBC-TV18 in an exclusive interview, sharing his 30-year market journey.

Compounding: Start early and invest wisely

Yes, among the many things that time can do is also create wealth for

investors. Damani asks students to start saving early and invest wisely to take

advantage of the power of compounding.

If you are an MBA and saving Rs 10 lakh a year to retire rich, the way to do it

is compounding and investing early.

In your 30-year career, you could compound the money 10 times every three

years, and the same Rs 10 lakh, which you are saving regularly, will become

Rs 100 crore at the end of 30 years. But, it is easier said than done.

If you understand compounding, then a big part of your battle to attain

financial freedom has been won.

Invest wisely in a bear market

When everything seems to be heading south, investors get cold feet and don’t

put fresh money into markets.

Damani asks them to use bear markets to invest in stocks wisely and reap

benefits of higher returns in a bull market.

This too shall pass

Bull and bear markets move in a cycle. Right now, the broader market is in a

bear phase, while benchmark indices are up with small gains.

“I can feel it too that it is a slow-moving bear market, almost never-ending.

But, the word of wisdom is—this too shall pass,” says Damani. Every boom

has a seed of a bust and vice versa.

Page: - 3

MARKET-HUB

Good mentors and books

Damani advises young investors to read, a lot, and look out for mentors who

can hone their skills. Investing is all about discipline and reading helps get

there, he says. To become a great investor, one needs to read at least six to

eight hours a day.

History speaks for itself: the Sensex was at 100 in 1979 and touched 40,000 a

few months back. It translates into 400x move and that, too, without dividend.

It pays to be bullish on India

The next 25 years will likely to be better than the last 25, as opportunities to

make money will grow.

In the last 25 years we saw many ups and down, including financial crises and

geopolitical concerns, but the index managed to give a 16-17% compounded

rate without dividends.

“By the time second-quarter results come in most of the bad news would be

factored in and we could see a rebound in some of the midcaps names,” says

Damani.