Elite report equity 27 sep 2017

Page 1

ELITE INVESTMENT ADVISORY SERVICES DAILY EQUITY REPORT

27/09/2017

MARKET SUMMARY

EQUITY BENCHMARKS CLOSED FLAT WITH A NEGATIVE BIAS AFTER INTRADAY VOLATILITY ON TUESDAY, BUT THE BROADER MARKETS OUTPERFORMED THROUGHOUT SESSION. THE BSE SENSEX FELL LITTLE OVER 170 POINTS INTRADAY AMID GEOPOLITICAL TENSIONS BETWEEN THE US AND NORTH KOREA, BUT RECOUPED THOSE LOSSES IN LAST COUPLE OF HOURS OF TRADE AND TURNED RANGEBOUND. THE 30-SHARE BSE SENSEX WAS DOWN 26.87 POINTS AT 31,599.76 AND THE 50-SHARE NSE NIFTY FELL 1.10 POINTS TO 9,871.50. MARKET UPDATE MARKET

CLOSING

SENSEX

31599.76

NIFTY-50

9871.50

CHANGE

% CHANGE

-26.87

-0.08%

-1.10

-0.01%

DAILY STOCK RECOMMENDATIONS

CALL : BUY IBVENTURES ABOVE 248.9 TARGETS 251.3 , 253.7 , 256.1 STOPLOSS 244.1

: CALL : BUY EROSMEDIA ABOVE 224.8 TARGETS 227 , 229.2 , 231.4 STOPLOSS 220.3 CALL : BUY JSL ABOVE 116 TARGETS 117 , 118 , 119 STOPLOSS 114

NIFTY TOP 3 GAINERS/ LOSERS

COMPANY NAME VEDL

CMP

% CHG

COMPANY NAME

CMP

PREV. CLOSE

% CHG

317.65

PREV. CLOSE 306.80

+3.54

BPCL

468.50

487.15

-3.83

ONGC

170.30

164.80

+3.34

INFRATEL

376.40

391.35

-3.82

IBULHSGFIN

1239.50

1203.95

+2.95

TATAPOWE R

79.85

81.85

-2.44

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% CHANGE

SECTORIAL INDICES

3 2 1 0 -1 -2 -3 -4

INDEX

FII/DII ACTIVITY (22/09/2017)

INSTITUTIONS FII’s DII’S

BUY VALUE 3556.76 4433.83

SELL VALUE 5472.30 2896.73

NET VALUE -1915.54 1537.10

CLOSING 65.46 77.17 87.92 58.52

CHANGE 0.29 -0.22 0.03 0.39

% CHANGE 0.44 -0.28 0.04 0.67

CURRENCY UPDATE

CURRENCY USD INR EUR INR GBP INR JPY INR

CURRENCY UPDATE KEY UPCOMING EVENTS

EVENT DESCRIPTION CORE DURABLE GOODS ORDERS M/M OFFICIAL CASH RATE RBNZ RATE STATEMENT

REGION USD

FORECAST 0.2%

PREVIOUS 0.6%

NZD NZD

1.75% -

1.75% -

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SCRIPT

R3

R2

R1

PIVOT S1 TRADINGS2STRATEGY:S3 NIFTY-50

NIFTY-50

10015

9937

9904

SCRIPT

R3

R2

R1

PIVOT

S1

S2

S3

NIFTY BANK

24591

24371

24285

24251

24065

23931

23711

9859 9826 9781 9703 NIFTY-50 CLOSED AT NEGATIVE SIDE AND TAKE A SUPPORT FROM THE LEVEL OF 9813, IF NIFTY-50 WILL CROSS THE LEVEL OF 9783.75, IN THE NEXT TRADING SESSION. WE RECOMMENDED SELLING FROM THE LEVEL OF 9783.75.

NIFTY-BANK TRADING STRATEGY: IN THE TODAY’S TRADING SESSION, NIFTY-BANK HAS TAKEN THE SUPPORT FROM THE LEVEL OF 24017.40 AND CLOSED AT 24199.10 , IF NIFTYBANK WILL BE TRADE BELOW 24015.45 . IN THE NEXT TRADING DAY, THEN WE RECOMMENDED SELLING BELOW THE LEVEL OF 24015.45.

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