Daily Dossier 4Th January 2018 Outlook

Daily Dossier 4th January 2018 Outlook

Nifty ended 0.59% up at 10504.80. Daylong lackluster session followed Nifty Intraday Chart by aggressive buying in metal space led the index towards ending the session nearer to day’s high. It ended with a bullish candle, which implies Nifty may strengthen further towards 10550. Hence 10400, as discussed so many times, may continue to act as the base for the bulls. Midway support is placed around 10440. Upside resistances are placed around 10510 and 10550.

Open positional calls-

On the Nifty hourly chart; it closed just below a very short-term downward trend line resistance. Success- LUPIN (CMP- 878.15)- 10 trading sessions Positional buy call was given around 880-875 price zone for the TGT of 905 & 915. SL- below 855. (1 ful closing above both 50 and 100 hourly EMA is a positive indication. Breaking out immediate resistance trading sessions left).

10510 may unfold immediate rise towards 10550. BHEL (CMP- 100.75)- BTST Positional buy call was given around 100 for the TGT of 104. SL- Below 98.00. (1 trading sessions left).

CASTROL (CMP- 191.45)- T+5 Trading sessions Positional buy call was Nifty patterns on multiple time frames show, 10400 continues to act as the base support for the bench- given around 193-192 for the TGT of 196 & 199. SL- Below 190. (3 trading mark index and today it ended on a bullish note. Further, Nifty breaking out 10550 is a possibility only sessions left).

when it breaks out 10510. NALCO (CMP- 88.05)- 10 Trading Sessions Positional buy call was given around 86.50-86.00 for the TGT of 90 & 93. SL- Below 83. (9 trading sessions left).

Nifty Crucial Supports & Resistances for tomorrow- TECH MAHINDRA (CMP- 522.55)- 15 Trading sessions Positional buy call was given around 520-515 for the TGT of 550 & 570. SL- Below 495. (14 Supports- 10440, 10400 Resistances- 10510, 10550 trading sessions left).

SAIL (CMP- 97.90)- 15 Trading sessions Positional buy call was given around 94-93 for the TGT of 99 & 102. SL- Below 89. (14 trading sessions Jaydeb Dey left).

[email protected] JSW STEEL (CMP- 277.15)- 10 Trading sessions Positional buy call was given around 276-275 for the TGT of 282 & 288. SL- Below 270. (14 Deepankar Saha trading sessions left). [email protected]

Top Stock Drivers For The Day

Name News/Views Impact Following news came after market hours and likely to react tomorrow:

Airtel and Samsung join hands to transform India to a smartphone nation, they are announce BHARTI AIRTEL LTD partnership to offer Samsung galaxy J-series smartphones at highly affordable price. Samsung (CMP:522.45) Galaxy J2, India’s largest selling 4G smartphone, to be available at an effective price of just INR5490.

Intraday Chart of Sensex FII Derivatives Flow (In Crore) 4-1-2018

Instrument Purchase Sale Net

Index Future 840.72 1288.93 -448.21

Index Option 72737.66 71741.02 996.65

Stock Future 9215.17 9323.37 -108.21

Stock Option 6497.78 6486.20 11.58

Institutional Flow (In Crore) 4-1-2018

Institution Purchase Sale Net

Market Turnover (Rs. Crore) 4-1-2018 FII 4624.1 4412.05 212.05 DII 3816.57 3491.33 325.24 Name Last Previous NSE Cash 36892.63 33291.76 Market in Retrospect NSE F&O 1036180.25 574381.93

BSE Cash 5,581.68 4,784.33 The Indian equity benchmark indices snapped three days of losing streak on government seeking parliament approval for INR80000 crore BSE F&O 0.32 0.50 of bonds to recapitalize state-run banks.

NIFTY Top Gainers Sensex and Nifty had a gap up opening and continued its positive mo- mentum throughout the day. It got tailwinds from the recapitalization Name %1D %5D Day Vol Avg 5 Day Vol news of the state lenders and ended at 33969.44, up by 0.52% and Tata Steel 3.44 3.26 8,082,986 4,265,034 10504.80, up by 0.59%, respectively.

L&T 3.17 5.02 4,546,456 2,190,145 The broader indices continued to outperform the benchmark indices ONGC 3.13 3.37 12,740,860 9,096,472 as Nifty Midcap gained 0.98%, whereas Nifty Smallcap gained 0.91%, Dr. Reddy's 3.07 0.79 558,617 495,253 intraday. Sectorwise, Nifty Auto and Nifty Realty were the two losers declining 0.20% and 0.19%, respectively in today’s session. On the Asian Paints 2.64 2.42 729,965 640,705 other hand, Nifty Metal turned out to be the top gainer with 2.79%, NIFTY Top Losers followed by Nifty PSU Bank and Nifty Pharma gaining 2.69% and 1.20% respectively. Name %1D %5D Day Vol Avg 5 Day Vol Stockwise, Tata Steel, L&T and ONGC were the top gainers with 3.44%, Infosys 0.58 1.73 4,473,807 3,342,538 3.17% and 3.13%, respectively, whereas, Tata Motors, Eicher Motors Power Grid 0.64 0.60 2,364,782 4,873,151 and BPCL were the top losers declining 0.91%, 0.85% and 0.69% re- BPCL 0.69 6.59 2,720,308 2,988,867 spectively. Eicher Motors 0.85 4.23 49,421 40,677 In NSE, 1149 stocks advanced, 639 declined and 49 remain unchanged. Tata Motors 0.91 2.71 8,395,377 9,118,710 INDIA VIX stood at 13.41 against 13.62 on Wednesday.

Bulk and Block Deals Energy Markets https://www.nseindia.com/products/content/equities/equities/bulk.htm Name Index Net Chng %1D %5D %1M %3M %1Y http://www.bseindia.com/markets/equity/EQReports/BulknBlockDeals.aspx NYMEX Crude 61.77 0.14 0.23 3.57 7.48 23.59 15.98 BRENT Crude 67.76 0.10 0.15 2.65 8.84 22.52 16.01

Natural Gas 3.01 0.00 0.07 10.03 0.60 7.45 13.27

Indian Indices Global Indices (Updated at 4:30 pm)

Name Index Net Chng %1D %5D %1M %3M %1Y Name Index Net Chng %1D %5D %1M %3M %1Y

Sensex 33969.64 176.26 0.52 0.36 3.35 7.26 27.55 Dow Jones 24922.68 98.67 0.40 0.71 2.60 9.98 24.97

Nifty 10504.80 61.60 0.59 0.26 3.72 5.95 28.26 Nasdaq 7065.53 58.63 0.84 1.86 4.28 8.12 29.00

BSE M Cap 17945.62 126.30 0.71 1.43 7.19 14.93 47.16 S&P 500 2713.06 17.25 0.64 1.21 2.79 6.91 19.48

BSE S Cap 19515.64 170.18 0.88 2.13 8.88 19.58 57.73 FTSE100 7673.31 3.34 0.04 0.71 4.57 2.77 6.74

Nifty MC 100 21308.35 207.05 0.98 1.51 7.89 16.68 45.14 CAC40 5386.27 54.34 1.02 0.31 0.07 0.42 9.92

BSE Auto 26390.38 28.12 0.11 0.20 5.98 7.93 27.71 DAX 13104.79 126.26 0.97 0.26 0.35 1.03 13.12

BSE Capgoods 19805.57 408.55 2.11 4.04 8.02 15.11 41.74 Mexico IPC 49782.23 251.72 0.50 2.75 5.56 1.55 6.86

BSE FMCG 10635.05 0.26 0.00 0.29 3.41 5.96 29.68 Brazil Bovespa 77995.16 104.12 0.13 3.74 6.71 1.83 26.64

BSE Metal 15578.33 420.56 2.77 3.82 13.48 13.79 50.78 Russian RTS 1201.01 18.62 1.57 4.95 5.98 5.68 2.12

BSE Oil&Gas 16223.36 128.18 0.80 0.83 3.06 6.49 30.93 Japan Nikkei 23506.33 741.39 3.26 2.47 3.01 15.47 22.98

BSE Healthcare 14818.69 144.87 0.99 0.31 6.61 7.34 0.33 Hang Seng 30736.48 175.53 0.57 3.85 5.48 8.31 38.86

BSE Power 2420.70 8.02 0.33 3.12 6.20 9.75 19.78 Taiwan Index 10848.63 47.06 0.44 3.45 1.85 3.62 16.82

BSE Realty 2599.85 5.68 0.22 0.13 9.05 24.65 91.83 Shanghai Comp 3385.71 16.60 0.49 3.36 2.30 1.10 7.18

BSE ConsDur 23454.31 578.32 2.53 4.25 10.02 30.83 96.97 KOSPI 2466.46 19.89 0.80 1.61 1.41 3.01 20.57

BSE Bank 28777.47 144.62 0.51 0.08 1.51 6.08 40.75 Malaysia KLCI 1803.45 10.66 0.59 1.79 5.27 2.36 9.47

BSE IT 11157.29 1.01 0.01 0.12 3.91 11.70 9.21 Jakarta Comp 6292.32 40.84 0.65 0.24 4.90 5.73 18.70

Philippine SE 8739.83 15.70 0.18 3.65 8.11 4.74 24.31 Freight Thai Exch 1791.02 12.49 0.70 2.20 5.50 6.12 14.55 Name Index Net Chng %1D %5D %1M %3M %1Y Baltic Dry 1262.00 32.00 2.60 18.42 24.07 4.39 30.24 LME

Baltic Dirty 683.00 17.00 2.43 17.41 16.81 10.13 35.14 Name Index Net Chng %1D %5D %1M %3M %1Y Gold($/Ounce) 1313.11 0.13 0.01 2.01 2.90 2.99 12.85 Currency Silver($/Ounce) 17.16 0.04 0.23 2.85 5.22 3.26 4.53 Name Rate Net Chng %1D %5D %1M %3M %1Y Aluminium 2212.50 39.50 1.75 1.43 7.48 4.65 30.30

INR 63.41 0.13 0.20 1.06 1.52 2.52 7.31 Copper 7101.00 59.75 0.83 0.23 4.30 9.77 29.43 USD Index 91.95 0.21 0.23 1.15 1.33 1.61 10.46 Zinc 3346.50 26.00 0.77 2.49 2.45 1.00 33.69

YUAN 6.50 0.01 0.10 0.57 1.90 2.41 6.74 Lead 2586.50 8.00 0.31 4.47 1.55 0.06 29.42 GBP 1.35 0.00 0.16 0.74 0.67 2.07 9.99

EUR 1.21 0.00 0.21 0.83 1.76 2.46 15.09 Bond Markets

YEN 112.59 0.26 0.23 0.24 0.22 0.20 4.25 Name Yield Net Chng %1D %5D %1M %3M %1Y

US 2.46 0.02 0.67 1.35 3.84 6.05 1.00 Agro Commodities UK 1.25 0.03 2.64 4.01 3.26 9.65 6.74

Name Price Net Chng %1D %5D %1M %3M %1Y Brazil 4.50 0.06 1.36 1.86 3.97 2.51 17.65 Coffee 128.25 0.35 0.27 3.01 0.19 0.35 16.83 Japan 0.06 0.01 18.75 1.72 39.02 3.64 12.31

Cotton 78.69 0.58 0.74 0.33 8.42 15.87 10.04 Australia 2.68 0.04 1.40 0.49 5.35 4.52 4.01

Sugar 14.98 0.33 2.16 0.33 0.53 5.12 21.28 India 7.34 0.02 0.23 0.15 3.59 9.48 14.96 Switzerland 0.09 0.01 12.50 26.02 37.67 1720.00 12.50 Wheat 434.00 2.00 0.46 1.40 0.29 5.75 10.05 Germany 0.45 0.01 1.13 5.43 29.94 1.33 61.96 Soybean 966.25 2.50 0.26 0.13 4.36 1.23 3.33 3

News Impact

Domestic News Idea unveils INR67 bn fundraising plan ahead of Vodafone merger deal Idea Cellular Ltd unveiled a INR67.5 billion-rupee fundraising plan ahead of its merger with Vodafone's local unit. As part of the plan, Idea will raise INR32.5 billion by selling 326.6 million shares on a preferential basis to companies controlled by its parent Aditya Birla Group at 99.5 rupees apiece. The deal will increase Aditya Birla Group's stake in Idea to 47.2 per cent from 42.4 per cent currently.

Hindalco likely to bid for USD2.5-bn US-based aluminium firm Aleris Hindalco Industries Ltd is among potential buyers that submitted bids for US aluminium producer Aleris Corp as Indian billionaire owner Kumar Mangalam Birla moves ahead with plans to expand his overseas operations. Mumbai-listed Hindalco made a non-binding offer through its US unit, Novelis Inc, and will now conduct due diligence, according to the people. A deal could value Aleris at around USD2.5 billion including debt.

Nalco plans caustic soda plant at Paradip to counter soaring costs National Aluminium Company (Nalco) is contemplating a second caustic soda plant within the planned PCPIR (petroleum, chemicals & petrochemicals investment region) hub at Paradip. Nalco already has a joint venture with Gujarat Alkalies & Chemicals Ltd, a Gujarat government company, to set up a caustic soda plant at Dahej with a cost of INR1800 crore.

Govt is said to consider 7.5% tariff on imported solar panels India, the largest buyer of solar equipment from neighbouring China, is considering a 7.5% tax on imported solar panels. The finance ministry is considering the renewable-energy ministry’s request to tax panels imported for projects won under future solar auctions while exempting those already awarded. The pro- posed change could imperil Prime Minister Narendra Modi’s ambitious goal of installing 100 gigawatts of solar energy by 2022, especially as developers have relied on low-cost equipment from China to push tar- iffs to among the lowest in the world.

Events

CORPORATE ACTION BONUS / RIGHTS / STOCK SPLIT / DIVIDEND / FCCB / M&A / WARRANTS ETC.

Company Record Date Ex-Date Details

MFL India Ltd Corporate meeting effective 05-01-2018

Nath Bio-Genes India Ltd Corporate meeting effective 05-01-2018 Prime Focus Ltd Corporate meeting effective 05-01-2018

Hind Industries Ltd Corporate meeting effective 05-01-2018

Domestic Events

 India’s Foreign Exchange Reserve for the week ended December 29, 2017.

Global Events

 Japan Nikkei Services PMI for December 2017,  The U.S. Unemployment Rate for December 2017,  The U.S. Trade Balance for November 2017,  The U.S. Non-Manufacturing PMI for December 2017,  Euro Area Retail Sales and Inflation for December 2017.

Source of News : The content may have been taken from The Economic Times, Business Standard, Business Line, Mint and other leading financial newspapers and financial portals BSE,NSE, Bloomberg, Moneycontrol & others.

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