TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES ) NIFTY FIFTY : - Nifty futures/Bank Nifty futures market closed on 9800.55 / 24066.45
According to technical analysis if Nifty futures and Bank Nifty future moves up-word in tomorrow treading session then 9878 will be small resistance for Nifty futures and at the same time 24385 will be small Resistance for Bank Nifty futures, if it break this level then then Nifty futures can touch 10027 level and Bank Nifty futures can touch 25452 level in next few days. It will be hard resistance for Nifty futures and Bank Nifty futures. Meanwhile in reveres there is small support on 9790 for Nifty futures and 23678 is for Bank Nifty futures after breaking this support with volume there is big support for Nifty futures on 9616 and 23123 for Bank Nifty futures..
Monday, 3 Oct 2017
TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES ) NIFTY DAILY
WEEKLY
MONTHLY
R2
R1
PP
S1
S2
9993
9828
9746
9664
9499
R2
R1
PP
S1
S2
1069
10263
10048
9834
9403
R2
R1
PP
S1
S2
11245
10365
9925
9485
8606
R2
R1
PP
S1
S2
25114
24283
23867
23451
22619
R2
R1
PP
S1
S2
26749
25346
24644
23943
22540
R2
R1
PP
S1
S2
28619
25863
24485
23107
20351
BANK NIFTY DAILY
WEEKLY
MONTHLY
MOVING AVERAGE
21 DAYS
50 DAYS
100 DAYS
200 DAYS
NIFTY
9994
9961
9790
9290
BANK NIFTY
24502
24509
23927
22104
WEEKLY
MONTHLY
PARABOLIC SAR
DAILY
NIFTY
10156
9813
7504
BANK NIFTY
25146
20239
15641
PATTERN FORMATION ( NIFTY )
Detail of Chart - Yesterday nifty shows upward movemnt it open at 9801 and made high of 9881 and close at 9787 it made low of 9788 .according to nifty chart major support level of of nifty is 9680 if it can break it move downward direction upto the level of 9450.if can sustain the level of above 9700 it can again touch the level of 10000
PATTERN FORMATION ( BANK NIFTY )
Detail of Chart - Yesterday bank nifty open at 24135 and made high of 24627 and made low of 24016 and close at 24066. technical view: bank nifty major support is 24000 it break the levelof 24000 but not give confirmation of breakout it make pool back from this level and give gape up open yesterday below the level of 23600 bank nifty goes further in downward direction
NSE EQUITY DAILY LEVELS COMPANY NAME
R2
R1
PP
S1
S2
ACC ALBK
EQ EQ
1686 67
1840 66
1665 65
1654 64
1644 63
AMBUJACEM ASIAN PAINT AXISBANK BAJAJ-AUTO BANKBARODA BANKINDIA BHEL BHARTIARTL CIPLA COALINDIA DLF DRREDDY GAIL GRASIM HCLTECH HDFC HDFCBANK HEROMOTOCO HINDALCO HINDUNILVR ICICIBANK ITC INDUSIND BANK INFY JINDALSTEL KOTAKBANK LT M&M MRF MARUTI ONGC ORIENTBANK RCOM RELCAPITAL RELIANCE RELINFRA RPOWER SBIN VEDL SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL UNIONBANK
EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ
273 1175 520 3238 140 140 86 395 597 276 173 2441 449 1178 893 1783 1836 3869 247 1192 282 265 1721 916 143 1016 1167 1305 64295 8158 175 123 19 606 814 483 42 258 321 513 432 80 669 130
271 1165 515 3214 139 139 85 393 591 273 170 2409 443 1165 888 1772 1827 3845 244 1186 279 263 1707 911 141 1007 1150 1291 63891 8032 173 122 18 585 805 472 41 254 319 507 424 79 663 127
269 1150 512 3188 13 138 84 391 586 271 169 2382 433 1151 882 1753 1812 3821 2414 1179 278 261 1687 907 138 1001 1141 1277 63595 7943 171 120 17 574 795 467 40 252 317 503 419 78 660 125
267 1140 508 3164 136 137 83 389 580 268 166 2349 427 1138 877 1742 1803 3798 238 1172 275 259 1673 901 137 993 1124 1262 63191 7818 169 118 16 552 787 456 39 248 315 498 411 77 654 123
266 1126 505 3139 135 136 82 387 576 266 165 2322 416 1125 872 1726 1788 3774 236 1164 273 257 1653 897 134 987 1115 1248 62895 7729 168 116 15 542 777 451 38 246 314 494 407 76 650 121
TOP 15 ACHIEVERS SR.NO
SCRIPT NAME
//
PREV CLOSE
CMP
% CHANGE
TOP 15 LOOSERS SR.NO
SCRIPT NAME
PREV CLOSE
CMP
% CHANGE
1
GAIL
398.80
435.10
+9.10
1
BOSCH LTD
21495
20459
-4.82
2
BHARTI INFRATEL
376.40
409.05
+8.67
2
HINDUNILVR
1217
1179
-3.09
3
COALINDIA
260.40
270.25
+3.78
3
L AND T
1162.90
1130.65
-2.77
4
BAJAJ AUTO
3044
2158
+3.74
4
258.25
251.15
-2.75
5
TECH MAHINDRA
447.35
461.35
+3.13
5
STATE BANK OF INDIA ASIAN PAINT
1174
1145
-2.45
6
AMBUJACEMENT
261.30
268.40
+2.72
6
RELIANCE
820
800
-2.45
7
HIND PETROL
415.60
424.85
+2.23
7
YES BANK
360.75
262.40
-2.31
8
M AND M
1271
+1.99
8
ICICI BANK
282.75
276.25
-2.30
9
HINDALCO
234.60
238.75
+1.77
9
WIPRO
290.25
284
-2.15
10
TATA MOTOR
411.25
416.45
+1.26
10
ADANI PORTS
390.55
382.30
-2.11
11
LUPIN
1006
1016.90
+1.08
11
POWER GRID
210.75
207.40
-1.59
12
HDFC
1741.25
1759.80
+1.07
12
TCS
2474.65
2442.25
-1.31
13
HDFC BANK
1792.30
1810
+0.99
13
SUN PHARAM
507.60
503.15
-0.88
14
NTPC
166.95
168.55
+0.96
14
ULTRACEMCO
3914
3890
-0.62
15
CIPLA
579
583.70
+0.81
15
ITC LTD
262.45
261.05
-0.53
1247
NEXT WEEK STARS( AS PER TECHNICAL ANALYSIS ) NSE FUTURE NSE FUTURE :SELL ORIENT BANK FUTURE BELOW 120 TGT 117 SL 121 NSE FUTURE :BUY ICICI BANK FUTURE ABOVE 284 TGT 290 SL 281.50 NSE FUTURE : BUY ACC FUTURE ABOVE 1700 TGT 1750 SL 1684
NSE CASH NSE CASH : BUY JBCHEM CASH ABOVE 280 TGT 295 SL 270 NSE CASH : BUY INDIACEM CASH ABOVE 175 TGT 183 SL 170 NSE CASH : BUY BHEL CASH ABOVE 85 TGT 90 SL 82
NSE - WEEKLY NEWS LETTERS ✍ TOP NEWS OF THE WEEK TATA GLOBAL BEVERAGES - Tata global beverages informed that the company’s overseas subsidiary has formed a step-down subsidiary in Russia. “In order to facilitate the restructuring, the company's overseas subsidiary has formed a step-down subsidiary, Coffee Trade LLC, in Russia which will take over part of the existing business” said the company in a BSE filing. Tata Global Beverages Limited is a beverage company engaged in the trading, production and distribution of tea, coffee and water. The company's principal activities include processing and blending of tea, including the manufacture of instant tea MSR LIMITED - Msr limited announced on Tuesday that the company has received a purchase order for the supply of 3,000 units’ 1 litre Dr Copper water bottle to D-Mart stores. It was the second purchase order that the company received from D-Mart within the last 5 days. MSR India is engaged in the business of dairy products trading with products including Daily Fresh, Dr. Copper, Food Products , Energiam Powder and Dr. Copper Tharma Jal. The company also manufactures copper bottles for drinking water in various shapes and sizes, besides producing food products like pasta, vermicelli and others. HINDUSTAN UNILEVER - Hindustan Unilever has ventured into the e-commerce space by planning to sell Premium Tea through its own portal. This will be its stepping into the ecommerce business in India. Until now, the company had been marketing its products online via existing marketplaces such as Big Basket and Amazon. The set-up of the portal will redefine its business line in India. HUL claims that its first direct-to-consumer setup aims at gifting options. Under its umbrella, the company targets gifting with pricier products under the Brooke Bond Taj Mahal brand. The brand will be competing with Teabox - a brand backed by Ratan Tata. Sudhir Sitapati, the executive director of Refreshments Section at HUL said, “The foray into e-commerce has been aimed at urging people to consider tea as a gifting option. Our range of gourmet teas and exquisite teaware has been specially curated to offer the finest gifting experience for every occasion and budget.” HUL’s refreshments business, comprising of tea and coffee, accounts for 15% of its total sales.
The company has emerged as a leader in the 10,000 Crore Tea Market in India. In comparison to other food and beverage segments, tea has not faced stagnation or decline and continues to sustain annual growth of 8 to 9%. HUL aims to market premium brands only through its online venture, and still refrain from entering into the mass end of the segment. OIL - Oil prices jumped on Friday’s trade with both Brent and US Crude set to attain another weekly gain as investors believe that efforts to trim a global gut is working. US crude was up 2 cent at USD 51.58 a barrel at 0110 GMT. The contract is heading for a fourth consecutively weekly gain and is on track for a 9% advance this month. Brent rose 22 cents to USD 57.63 a barrel, heading for a fifth weekly climb and a 10% gain for September. The price gains, most of them in the last two-and-a-half weeks, have come as traders anticipated renewed demand from US refiners that were resuming operations after shutdowns due to Hurricane Harvey. The oil prices are getting support as Turkey’s threats to cut off a pipeline from the Kurdish region of Iraq after a referendum where Kurds voted overwhelmingly in favour of independence. The Kurdish region exports about 500,000 barrels a day through a pipeline that runs through Turkey to the Mediterranean Sea. GRASIM - is expected to sell off its fertiliser business Indo Gulf to Saudi Arabia-based SABIC, for nearly Rs 3,200 crore, reported a leading news daily. SABIC has come out as the highest bidder for the fertiliser business, thus engaging Grasim and the Saudi Arabian company in advance talks, the report said. The company plans to exit the low-margin and highly regulated business, whereas, Kumar Mangalam Birla is inclined towards aligning the group portfolio to focus majorly on key sectors. THE NATIONAL DAIRY PROJECT - The National Dairy Project aims to increase the productivity of milch animals which will lead to increase in milk production for meeting growing demand for milk, said Union Minister for Agriculture and Farmers’ Welfare, Radha Mohan Singh. NDP initiatives are helping farmers to increase production by lowering dietary costs, he noted. Singh said that the country has been the world's largest producer of milk for the last two decades and its credit goes to the farmers of the country.
Since more than two-thirds of our nation's citizens live in rural areas, therefore, there is a need to make the farmers more prosperous, for which dairy sector is important. Union Agriculture Minister also informed that the NDDB has implemented several major dairy development programs including 'Operation Flood' from its inception in the country. India is at number one in milk production and contributes 19% of the world's total milk production. GODREJ AGROVET - Subsidiary of Godrej Industries, is coming up with its Initial Public Offer amounting to Rs Rs 300 crore through issue of fresh equity shares. The company’s IPO will open on October 4, 2017 and close on October 6, 2017. The price band decided by the company is in consultation with the book running lead managers at Rs 450 to Rs 460. The company, 63.67% owned by Godrej Industries, will issue fresh shares to raise another Rs 300 crore. V Sciences Pte Ltd., a subsidiary of Singapore government’s investment fund Temasek Holdings, will offload a third of its 19.99% holding. Kotak Mahindra Capital Company, Axis Capital, Credit Suisse Securities and Karvy Computershare are the book running lead managers for the proposed issue. The proceeds from the IPO will be used to repay its working capital facilities of Rs 100 crore and to also repay commercial papers worth Rs 150 crore. The rest be used for general corporate purposes. Godrej Agrovet is a diversified, research and development focused agri-business company with operations across five business verticals: animal feed, crop protection, oil palm, dairy, and poultry and processed foods. INFOSYS -
A global leader in consulting, technology and next-generation services,
announced that it has launched a private cloud solution in collaboration with Micro Focus SUSE, a pioneer in open source software, providing software-defined data centre infrastructure and application delivery solutions. This solution will help businesses significantly accelerate their digital transformation journey by being hardware agnostic, enabling faster time to market through rapid adoption, providing faster delivery of services, and greater infrastructure agility and control . Infosys and Micro Focus SUSE have jointly invested in a centre of excellence to develop validated reference architectures, accelerators and factory based migration solutions which will help customers in rapid adoption of private cloud built on SUSE OpenStack.
This partnership aims at strengthening Infosys’ association with Micro Focus SUSE and positions Infosys as a strategic Global Platinum partner, backed by over 500 architects and consultants having data centre transformation and migration capabilities. SUSE OpenStack Cloud is an automated cloud computing platform that enables organizations to innovate, rapidly deploy and manage cloud architecture. With this association, Infosys will be able to further strengthen its presence in Europe and generate new businesses and insights. TCS - Diligenta, a Life and Pensions BPS provider in the UK, and a subsidiary of Tata Consultancy Services on Wednesday announced that it has secured a 15-year partnership with Scottish Widows, Lloyd’s Banking Group Life and Pensions business. Under the terms of the agreement, Diligenta will support Scottish Widows to provide end to end policy administration services for its 4 million heritage customers. Diligenta will provide Scottish Widows these services based on TCS BaNCS, its digitally-enabled, end-to-end policy administration platform, to manage its assets in life, pensions and investment products. Tata Consultancy Services Limited is engaged in providing information technology services, digital and business solutions. The company's segments include banking, finance and insurance services; manufacturing; retail and consumer packaged goods ; telecom, media and entertainment, and others. MAHINDRA AND MAHINDRA - M & M took one step further in its strategy to expand electric vehicle portfolio by launching e-rickshaw - e-Alpha Mini at a price of Rs 1.12 lakh. Powered by a 120 mah battery, the five-seater e-Alpha Mini can travel 85 kms on a single charge and can hit a top speed of 25 kmph. After NCR, the company plans to launch it in Lucknow, Kolkata and other parts of India. The company already sells e-Verito and e20 Plus in passenger vehicle space. The company is looking to grow its electric vehicle portfolio by investing additional Rs 600 Cr. The company also hinted at the possibility of a makeover of some of its existing models into electric vehicles. It is believed that given increasing concerns over clean air, urban congestion and rising fuel import bills, electric mobility and electric vehicles are the way forward.
IDBI - Public sector lender, IDBI Bank on Wednesday sold a 9.03% stake in the Small Industries Development Bank of India for an undisclosed amount, the bank reported in a stock exchange filing. IDBI Bank sold approximately 48 million shares of SIDBI, bringing down its shareholding to 3.68% from 12.71%. Earlier on Monday, IDBI Bank had sold a 1% stake in SIDBI, also for an undisclosed amount. The bank had mandated SBI Capital Markets to look for buyers for its entire 16.25% stake in the financial institution. Out of the total stake put for sale, Life Insurance Corp. of India bought 2% while Vijaya Bank picked 0.5%. SIDBI is the principal financial Institution for the promotion, financing and development of the micro, small and medium enterprise sector. At the inception, IDBI Bank held a 100% stake in SIDBI. In 2000, the lender sold 51% to state-owned banks and financial institutions. GADKARI TO LAY FOUNDATION STONE FOR RS 2,539.08 CRORE NH PROJECTS - The Minister of Road Transport and Highways Nitin Gadkari will inaugurate National Highways projects worth Rs 1,928.46 crore and lay the foundation stone for projects worth Rs 2,539.08 crore in Andhra Pradesh on October 3, 2017, said a government release. Approximately 415 km of National Highways would be inaugurated by Gadkari, while he will lay the foundation for another 250 km NH. The projects include rehabilitation and upgradation of existing National Highways, besides construction of a 4-lane bypass to Vijayanagaram Town on NH 43. As per a MoU signed with the government of Andhra Pradesh on April 14, 2016, NW-4 in Andhra Pradesh is proposed to be developed in three phases. The project will provide an efficient logistics solution to boost the economic growth of the region and facilitate the development of the capital city Amravati during its early development stage as the substantial construction material is expected to be transported on this stretch of NW-4. PETRON ENGINEERING CONSTRUCTION - received an order worth Rs 280 crore from JSW Steel. With this development, the stock of Petron Engineering will be in focus on Wednesday’s trading session. The company has received Purchase Order from M/s. JSW Steel Limited, for Supply, Fabrication, Erection & Alignment of Prefabricated Steel Structure for Blast Furnace#2 and Raw material handling system Conveyor Gallery and Junction House at Dolvi, Maharashtra. Petron Engineering Construction Limited is engaged in the business of engineering, procurement and construction of plants for oil and gas refineries, power, cement, petrochemical, fertilizer and other industries. The company also provides electrical and instrumentation services and insulation and refractory application/maintenance services.
LARSEN & TOUBRO’S - construction arm has won orders worth Rs 2170 crore across various business segments. In water and effluent treatment business, in a joint venture has bagged orders worth Rs 1547 crore for a major reservoir which involves the formation of an earth bund of length 4.3km with a height of 55m at its maximum with all associated works. On its power transmission and distribution business it has bagged orders worth Rs 623 crore. A major order has been secured from Power Grid Corporation of India for the supply and execution of 320kV Pugalur-Trichur HVDC line. This transmission line is a crucial element of the Pugalur Trichur 2x1000MW VSC based HVDC link between western and southern regions in India. A turnkey order has been bagged from Eastern Power Distribution Company of A.P. Ltd for providing underground wire cable work in Visakhapatnam city in Andhra Pradesh. Overseas, an order has been secured by business together with its consortium partners, from the Electricity Generating Authority of Thailand for the supply and construction of a 500 KV transmission line. GODREJ - Properties has added a new residential project in Bangalore. It has entered into a Development Management Agreement with Manyata Developers Pvt Ltd to develop a group of housing project in East Bangalore. The first phase of the project is spread over 16 acres and will offer approximately 1,25,000 square metres of saleable area. The total project is expected to offer approximately 4,37,000 square metres spread over 53 acres. The project will be developed as a modern residential development comprising of apartments of various configurations. The company’s management is happy about adding this project which suits with its strategy of deepening presence across the country’s leading real estate markets. Godrej Properties is engaged in construction and real estate development. The company focuses on developing residential, commercial and township projects spread across approximately 11.89 million square meters in over 10 cities. ASHIANA
HOUSING HAS
ENTERED
INTO
A
MEMORANDUM
OF
UNDERSTANDING WITH A PUNE - based developer for development of ‘Group Housing Project’ on 19 acres of land parcel situated near Hinjewadi, District Pune, Maharashtra on revenue sharing basis. The expected saleable area would be 12.5 lakh sq. ft. to 15 lakhs sq. ft. Ashiana Housing Limited is engaged in real estate activities with own or leased property. The company operates through the Real Estate Business segment. The Company’s projects include comfort homes project, senior living project, care homes project and retail project.
NTPC - to declare commercial operation of Unit 1 of FGU Thermal Power Station - NTPC’s 500 MW Unit1 of Feroze Gandhi Uchahar Thermal Power Station, Stage IV will be declared on commercial operation w.e.f 00:00 Hrs of 30.09.2017. NTPC is a PSU and one of the largest power companies in India. It contributed 16% of national installed capacity and generated 24% of the country’s output in FY17. Its coal stations achieved 78.59% PLF in FY17. With commercial operation of 500 MW Unit1 of Feroze Gandhi Uchahar Thermal Power Station, the commercial capacity of NTPC would become 43392 MW and that of NTPC group would become 50608 MW.The Company has been consistently maintaining the spread of 15%-16% in terms of PLF over the last 2 decades on All-India level - further widened to 19% in FY1617. GAIL - Became the most active security in terms of value in the closing hours on Friday. The stock recorded a traded quantity of 1,33,03,528 shares and a traded value of Rs 56,283.24 lakh on NSE on Friday. The stock was trading high by nearly 6% high at Rs 419.65 per share at 1455 hours on BSE on Friday. The stock hit an intraday high of Rs 429 per share and an intraday low of Rs 417.15 per share on BSE during Friday’s trade. The stock had hit its 52week high of Rs 433.70 per share on May 3, 2017 and its 52-week low of Rs 268.32 on September 29, 2016 on BSE. Meanwhile, Nifty was trading higher by 44 points to 9,811 level while Sensex was trading higher by 98.36 points at 31,380.84 level. India VIX was lower by 7.02% at 12.24 level. The stock had gained on Friday as Petroleum and Natural Gas Regulatory Board (PNGRB) has put up a public consultation paper on proposed unified pipeline tariff. IDEA-VODA MERGER ON TRACK FOR COMPLETION - The merger of Vodafone India and Idea Cellular is on track and is expected to be completed in the calender year 2018, reported a national news agency quoting Vodafone India MD and CEO, Sunil Sood. He was speaking on the sidelines of India Mobile Congress in New Delhi on Wednesday. Stating that the merger process goes through various stages, including approvals from the CCI, SEBI, NCLT and telecom department, Sood said, "We feel all of them are on track and in fact, we are going ahead of schedule". Earlier this year, Vodafone India and Idea Cellular had agreed to merge their operations to create the country's largest telecom operator worth of more than USD 23 billion with a 35% market share.
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