TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES ) NIFTY FIFTY : - Nifty futures and bank nifty future market closed at 10366./ 25770. according to technical analysis if nifty futures and bank nifty future moves up-word in upcoming treading sessions then 10400/ 25800 will be next resistance level, if it break this level then nifty futures and bank nifty future can touch 10530 / 26000 level . it will be hard resistance. meanwhile in reveres there is support on 10300/ 25650 for nifty futures and bank nifty future after breaking this support with volume there is big support for nifty futures and bank nifty future on 10100/25000 .
Monday, 27 Nov 2017
TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY DAILY
WEEKLY
MONTHLY
R2
R1
PP
S1
S2
10591
10434
10355
10277
10119
R2
R1
PP
S1
S2
11012
10518
10270
10022
9526
R2
R1
PP
S1
S2
11904
10770
10204
9638
8504
R2
R1
PP
S1
S2
223604
25938
25755
25573
25206
R2
R1
PP
S1
S2
27828
26400
25685
24970
23540
R2
R1
PP
S1
S2
28452
25947
24695
23442
20936
BANK NIFTY DAILY
WEEKLY
MONTHLY
MOVING AVERAGE 21 DAYS
50 DAYS
100 DAYS 200 DAYS
NIFTY
10357
10188
10050
9658
BANK NIFTY
25504
24894
24604
23306
PARABOLIC SAR
DAILY WEEKLY MONTHLY
NIFTY
10035
9044
7615
BANK NIFTY
24554
21020
16022
PATTERN FORMATION ( NIFTY )
Details of Chart - Last week nifty future open at 10297 and made high of 10414 and low of 10277.moves almost 160 point showing its bullish trend. next support for nifty is 10400 ,which nifty alreday break and sustain on this level. from this level of 10400 nifty can continue moves in uptrend technical pattern bullish engulfing also suggest its uptrend.nifty can made its new life time high
PATTERN FORMATION ( BANK NIFTY )
Detail of chart - Last week bank nifty future open at 25731 and made high of 25886 and low of 25770 ,showing its consolidate move but bank nifty sustain the levl of 25800. from this level it can go further in upside direction and move upto 26200 which is its nextresistance
NSE EQUITY DAILY LEVELS COMPANY
R3
R2
R1
PP
S1
S2
S3
ADANIPORTS NAME AMBUJACEM ASIANPAINT
EQ EQ EQ
442 283 1222
424 274 1192
415 270 1177
407 265 1162
397 261 1147
390 257 1133
372 248 1103
AUROPHARMA AXISBANK BAJAJ-AUTO BAJFINANCE BHARTIARTL BOSCHLTD BPCL CIPLA COALINDIA DRREDDY EICHERMOT GAIL HCLTECH HDFC HDFCBANK HEROMOTOC HINDALCO O HINDPETRO HINDUNILVR IBULHSGFIN ICICIBANK INDUSINDBK INFRATEL INFY IOC ITC KOTAKBANK LT LUPIN M&M MARUTI NTPC ONGC POWERGRID RELIANCE SBIN SUNPHARMA TATAMOTORS TATASTEEL TCS TECHM ULTRACEMCO UPL VEDL WIPRO YESBANK ZEEL
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 EQ EQ EQ
765 570 3490 1936 531 20422 539 654 301 2791 32383 498 911 1784 1899 3800 286 469 1332 1284 332 1782 408 1114 411 272 1099 1272 883 1496 8753 195 190 223 1017 358 611 448 743 2775 533 4473 803 340 308 335 629
737 557 3392 1861 516 19784 524 635 287 2573 31515 483 882 1746 1875 3735 271 448 1300 1231 325 1720 394 1055 403 265 1065 1247 859 1462 8614 189 185 216 981 346 575 438 726 2732 512 4342 774 324 301 324 592
727 551 3338 1823 506 19392 517 626 280 2432 31158 477 871 1730 1866 3696 261 439 1283 1201 321 1695 388 1032 399 263 1047 1235 844 1449 8550 185 183 214 966 339 562 432 717 2710 503 4293 759 315 297 318 578
708 544 3294 1785 500 19146 508 617 274 2354 30646 467 853 1708 1851 3671 256 426 1268 1178 318 1658 380 996 395 259 1032 1223 835 1428 8475 182 181 210 945 333 538 427 710 2688 491 4210 745 309 294 313 555
698 538 3240 1747 490 18754 502 608 266 2214 30290 461 842 1692 1842 3631 246 417 1251 1148 314 1633 374 972 391 257 1014 1211 820 1415 8411 178 179 207 930 326 526 421 701 2666 482 4161 730 300 290 307 541
680 530 3196 1709 484 18508 493 598 261 2135 29778 451 824 1670 1827 3606 240 404 1236 1125 311 1596 367 937 387 253 998 1199 810 1395 8336 175 176 203 909 320 502 416 693 2644 470 4079 716 294 287 302 518
651 517 3098 1633 468 17870 478 579 248 1916 28910 435 794 1633 1803 3541 225 382 1204 1072 304 1534 353 877 379 247 965 1175 786 1361 8197 168 172 196 873 308 465 406 677 2601 449 3948 687 278 280 291 481
TOP 15 ACHIEVERS SR.NO
SCRIPT NAME
PREV CLOSE
// CMP
% CHANGE
TOP 15 LOOSERS SR.NO
SCRIPT NAME
PREV CLOSE
CMP
% CHANGE
1
SUNPHARAM
517.10
549.50
+6.27
1
AMBUJACEM LTD
274.50
264.95
-3.48
2
DAIL ( INDIA ) LTD
444.75
471.05
+5.91
2
HINDLACO INDUS
258.85
251.65
-2.78
3
ZEE ENT
535.50
564.15
+5.35
3
ICICI BANK
325.10
317.20
-2.43
4
REALIANCE INDUS
911.90
951.10
+4.30
4
SBI
337.50
332.40
-1.51
5
INFOSYS
970.95
1009.55
+3.98
5
DR REDDY LABS
2322.60
2295.05
-1.19
6
HIND PETROL
414.80
430.30
+3.75
6
INDBULLS HO FIN
1184
1171.65
-1.04
7
UPL
724.20
744.05
+2.74
7
ASIANPAINTS
1171.30
1159.60
-1.00
8
INDUSIND BANK
1631.90
1676.30
+2.72
8
LTD HINDUS UNILEV
1278.15
1265.95
-0.95
9
BAJAJ AUTO FUT
3206.85
3288.30
+2.54
9
WIPRO LTD
295.15
292.70
-0.83
10
YES BANK LTD
306.10
313.05
+2.27
10
TATA CONSULT
2707.30
2688.05
-0.71
11
HCL TECH
840
858.40
+2.19
11
ULTRA
4267.05
4241.30
-0.60
12
TECH MAHI LTD
484.55
494.10
+1.97
12
CEM VEDANTA
307.60
305.90
-0.55
13
ONGC
177.60
181
+1.91
13
COAL INDIA LTD
272.80
271.50
-0.48
14
MARUTI SUZUKI
8348.35
8487.95
+1.67
14
L AND T
1222.80
1218.50
-0.35
15
NTPC
177.55
180.30
+1.55
15
BOSCH LTD
18965.90
18957.35
-0.05
AM 204 BUJ A CEM ENT
TECH
232
+13.67 %
AMBUJA CEMENT
NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS) NSE FUTURE
NSE FUTURE : BUY TITAN FUTURE ABOVE 812 TGT 820 SL 808 NSE FUTURE : BUY SIEMENS FUTURE ABOVE 1200 TGT 1250 SL 1188
NSE CASH
NSE CASH : BUY ABFRL CASH ABOVE 168 TGT 178 SL 160
NSE CASH : BUY HDFC LIFE CASH ABOVE 383 TGT 400 SL 370
NSE - WEEKLY NEWS LETTERS � TOP NEWS OF THE WEEK
SIEMENS Q4FY17 STANDALONE NET PROFIT DECLINES 74.1% YOY Standalone Results Q4FY17: (Rs. in crore) Q2FY18
YOY( %)
REVENUE
3142
2.40
EBITDA
317
14.90
EBITDA MARGIN (%)
10.10
153
NET PROFIT
457
74.10
Siemens standalone revenue for the quarter came in at Rs. 3142 crore, registering 2.4% yoy decline. This was primarily driven by 15% and 25% yoy decline in revenues from Power and Gas and Mobility segment. EBITDA for the quarter rose by 14.9% yoy to Rs. 317 crore with a corresponding margin expansion of 152 bps. EBITDA margin for the quarter stood at 10.1%. This margin expansion was aided by 3% and 10% yoy decline in Purchase of stock in trade and net other expenses. The adjusted PAT for the quarter came in at Rs. 457 crore, yoy decline of 74.1%. This was due to 9% yoy increase in depreciation. Also rise in effective tax rate to 30% from 24% in corresponding quarter last year contributed to the same. Looking at the full year numbers, we see that revenue jumped by 1% to reach Rs.11348.3 crore, while EBITDA rose by 3% to 1051.24 crore. Company reported net profit of Rs.1133.57 crore, down 61% yoy. Company reported exceptional gain of Rs.567 crore which is inclusive of impairment loss on certain assessment, sale and transfer of engineering, design development business forming a part of Power and Gas business and profit on sale of property at Worli. During the quarter, new orders grew by 10.4% yoy to Rs.2704 crore. With this, order backlog is reached to Rs. 12263 crore. Further, management is optimistic about future growth and express its increasing focus on winning projects where the governments thrust on spending is high.
BANK OF BARODA 1
Standalone Results Q2FY18: (Rs. in crore) Q2FY18
YOY( %)
NII
3720.20
8.60
NPA ( %)
11.20
19
PROVISIONS
2329
29.80
NET PROFIT ( ADJUSTED)
355
35.70
Bank of Baroda reported its Q2FY18 results today. The quarterly numbers missed street estimates on net profit. The net profit for the quarter was 22.6% below the street estimates of Rs.459 crore. However, net interest income for the quarter was 5.7% above the street estimates of Rs.3519 crore. The NII for the quarter was saw 8.6% yoy increase to Rs.3720 crore vs R s.3426 crore in Q2FY17. This was largely due to 2.6% yoy increase in interest income to Rs.10753 crore. While, interest expendedremained flat. The asset quality for the quarter showed steady performance. The GNPA’s for the quarter rose by 8% yoy to Rs.46306 crore. The GNPA’s as percentage to total advances declined by 19 bps to 11.16% vs 11.35% in Q2FY17. The NNPA also declined by 41 bps to 5.05% vs 5.46% in previous year corresponding quarter. The provisions for the quarter continue to remain inch upwards for aging stressed asset problem. The provisions for the quarter rose by 30% yoy to Rs.2329 crore vs Rs.1795 crore Q2FY17. The resultant net profit for the quarter declined by 35.7% yoy to Rs.355 crore in previous year corresponding quarter.Also, the PCR for the quarter stood at 67.18%. Further advances and deposits grew by 9% & 3% yoy to Rs.387301 crore & 583212 crore respectively
FIIS NET BUY STOCK FUTURES WORTH RS100CR Foreign institutional investors net bought stock futures worth Rs100cr and index futures worth Rs140cr on NSE on Thursday. They net sold index options worth Rs500cr. FIIs net bought Indian shares worth Rs73.2cr on the BSE, NSE, and Metropolitan Stock Exchange combined. Domestic institutional investors, however, net bought shares worth Rs220cr, according to provisional data on the NSE website.
IMPORTANT EVENTS TO WATCH OUT FOR NEXT WEEK Next week promises to be full of action as there are slew of macro-economic data to be released not only in India but also in the US. October fiscal deficit data and second quarter GDP data will be announced on November 30th while Nikkei market manufacturing PMI will also be announced. Apart from interest rate sensitive sectors like banking, realty and auto’s will be in action ahead of the RBI policy meet which will be held on December 6, 2017. Apart from this, US GDP data and also the OPEC meeting is scheduled on 30th of November. Given below is the list of upcoming events -
Nov 29 - GDP data US
Nov 30 - Oct fiscal deficit India
Nov 30 - Q2 GDP data India
Nov 30 - OPEC meeting Dec 1 – Nov Nikkei market manufacturing PMI Dec 6 – RBI Policy meet
IDEA ANNOUNCES PLANS TO ENHANCE 4G NETWORK Idea Cellular announced that it is in the process of doubling its current 4G capacity by adding 5 MHz spectrum in the 1800 MHz band. This action the company claims would significantly increase current speeds to more than double from current levels. Over 7,200 4G sites are planned that would cover over 525 towns and 7,100 villages in Maharashtra and Goa. The company plans to add over 3,700 broadband sites in FY18. This move could double 4G capacity and give Idea customers much faster download and upload speeds. In August September 2017, Idea Cellular added 1.5 lakh subscribers to its wireless base in Maharashtra alone. Nationally, however, the company lost 9 lakh subscribers during the same period. Idea is the third largest telecom player in India with a revenue market share of 19% . It also owns 12.8% stake in Indus Towers, a three-way joint venture with Bharti Airtel and Vodafone. Idea had a total subscriber base of 19.8cr at the end of FY17.
GODREJ CONSUMER CUTS PRICES OF SELECT PRODUCTS Godrej Consumer Products has cut the prices of products such as hair color, air fresheners, liquid detergents and deodorant categories by 7-10%. This step has been taken in order to pass on the benefits of the recent reduction in GST rates to consumers. This will result in a decline in the prices of their products and would make them more competitive against their peers. Reduction in prices will result in an increase in overall sales and market share. Recent performance of the company indicates that their India business doing comparable sales growth of 11% led by 10% volume growth. International business also reported comparable growth of 9%. We believe, moving ahead there will be stronger growth in H2FY18 as post GST, the trade channels are getting back to normal and consumer offtakes have improved. We have a positve outlook on the stock. T
M&M TO INCREASE MARKET SHARE IN E-RICKSHAW SEGMENT M&M is eyeing to increase its share in the e-rickshaw segment. The market is primarily dominated by unorganised and local players. With the launch of its ‘e-Alfa Mini’, M&M becomes one of the first organised players to enter this segment. The e-Alfa Mini is priced at Rs 127,000 as compared to indigenous variants that are priced between Rs 75,000 and Rs 100,000. Moreover, the company has launched e-rickshaws in Delhi, Lucknow and Bengal and is planning to launch in another seven to eight markets within this fiscal. Currently, the company occupies a 30% market share in the small commercial vehicle space that includes both three-wheelers and four wheelers. Eyeing for improving market share in e-rickshaw is a step in positive direction, as it would aid the company to get the first mover advantage. Further, M&M knows the growing needs & importance of Electric vehicle and has taken various steps towards EVs. Increasing share in e-rickshaw is one of the vital step towards this direction. Management has also decided to invest Rs 600 cr in technology development and component manufacturing.
AJANTA
PHARMA
GETS
USFDA
FINAL
NOD
FOR
CLONIDINE
HYDROCHLORIDE TABLETS It had announced USFDA approval and launch of Clonidine Hydrochloride Extended Release Tablets in the US Market through its wholly owned subsidiary Ajanta Pharma USA Inc. It is a bioequivalent generic version of Kapvay Tablets and company has launched the product in 0.1 mg dosage. In total, Ajanta has 39 Abbreviated New Drug Applications of which it has 22 final ANDA approvals, 2 tentative approvals, and 15 ANDAs under review with USFDA. Till date, it has launched 16 products in the US market. Ajanta Pharma develops, manufactures and markets finished dosages and serves as a specialty player in Ophthalmology, Dermatology and Cardiology. Company derived 66% of FY17 revenue from exports of which 54% and 46% came from Africa and Asia respectively.
PRESIDENT RAM NATH KOVIND APPROVES ORDINANCE ON INSOLVENCY AND BANKRUPTCY CODE President of India Ram Nath Kovind has given his assent today to the Ordinance to amend the Insolvency and Bankruptcy Code, 2016. The Ordinance aims at putting in place safeguards to prevent unscrupulous, undesirable persons from misusing or vitiating the provisions of the Code. The amendments aim to keep out such persons who have wilfully defaulted, are associated with non-performing assets, or are habitually non-compliant and, therefore, are likely to be a risk to successful resolution of insolvency of a company. In addition to putting in place restrictions for such persons to participate in the resolution or liquidation process, the amendment also provides such check by specifying that the Committee of Creditors ensure the viability and feasibility of the resolution plan before approving it. The Insolvency and Bankruptcy Board of India has also been given additional powers. It may be recalled that the regulations by the IBBI were also amended recently to ensure that information on the antecedent of the applicant submitting the resolution plan along with information on the preferential, undervalued or fraudulent transactions are placed before the Committee of Creditors in order for it to take an informed decision on the matter. Along with other steps towards improving compliances, actions against defaulting companies to prevent misuse of corporate structures for diversion of funds, reforms in the banking sector, weeding out of unscrupulous elements from the resolution process is part of ongoing reforms of the Government. These would help strengthen the formal economy and encourage honest businesses and budding entrepreneurs to work in a trustworthy, predictable regulatory environment. The Ordinance amends sections 2, 5, 25, 30, 35 and 240 of the Code, and inserts new sections 29A and 235A in the Code.
BANK OF BARODA TO RAISE UP TO RS 6,000 CR State-owned lender Bank of Baroda proposes to raise up to Rs 6,000 Cr through a rights issue or private placement. The finance committee of the bank's board has approved the proposal, the lender said in a regulatory filing. The finance committee of the board approved the proposal of raising additional equity capital aggregating up to Rs 6,000 Cr by way of a rights issue or qualified institutions placements the bank informed stock exchanges.
This move is positive for the bank as it would provide much-needed headroom to provide for bad loans and would also help for next leg of loan growth. The stock should react positively to this news. Bank of Baroda’s earnings would remain subdued in the near term, due to an elevated provisioning requirement. Earnings growth should recover over the medium term, driven by gradual moderation in NPL accrual and reduced provisioning.
BHARATI AIRTEL PARTNERS WITH ERRICSON TO DEVELOP THE 5G TECHNOLOGY Bharti Airtel has entered into a partnership with Ericsson to develop 5G technology for the former's India operations. As part of the partnership, Ericsson will work with Bharti Airtel on creating a strategic roadmap for evolution of the network to the next-gen 5G technology. Earlier this year, the company had inked a similar pact with telecom gear maker Nokia to expand their partnership to areas like 5G technology standard and management of connected devices. Bharti Airtel is a leading global telecommunications company with operations across Asia and Africa. This will be a very big step with respect to 5G by Bharati Airtel particularly in telecom, technology changes, which requires telecom operators to regularly work on developing new technology. This piece of news will have positive bearing on Bharat Airtel as it will give competitive edge over its competitors.
ZYDUS RECEIVES FINAL APPROVAL FROM THE USFDA FOR ETHACRYNATE SODIUM INJECTION USP Company has received the final approval from the USFDA to market Ethacrynate Sodium for Inject USP, 50 mg/vial. The drug is used to decrease the swelling caused by various disease conditions such as liver disease, kidney disease, congestive heart failure, cancer etc. and will be produced at the group's formation manufacturing facility at Moraiya, Ahmedabad. Cadila Healthcare is a fully integrated, pharmaceutical company with strong presence in the formulations and CRAMS businesses globally. Its formulations business spans India, US, Europe and emerging markets. The company derived 34% and 41% revenues from India and the US, respectively, in FY17. The group now has more than 165 approvals and has so far filed over 300 ANDAs since the commencement of the filing process in FY2003-04. In the last trading session.
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