Market Radar 06-01-2020

12700

Nifty Outlook: 12200

11700 Nifty's sacrosanct support of 12190 was held on Friday from where Nifty witnessed a 11200 bounce towards the end of the day. Expect 10700 10200 Resistance 12265 / 12303 lower opening in Nifty initially around 12190 Pivot 12228 9700 from where a bounce back could be seen. Support 12190 / 12153 Nifty - Daily Reduce longs if Nifty stays below 12130- 9200 12120 region.

Near term scenario Best case: 12100/12300 Worst case: 10300/9500

Traders' corner Yesterday's picks Stocks Ltp %Chg S2 S1 PV R1 R2 Bias Notes Stocks %gain/loss

OIL 155.95 1.89 152 154 156 158.0 160.1 EMA combo break, MACD above signal line. QUESS 4.47

TORNTPHARM 1900.1 1.85 1835 1868 1894 1926 1952 MACD above signal line, EMA combo break. GICRE 3.87

TATACOFFEE 93.9 1.57 91 92 94 96 98 MACD exhaustion seen, EMA combo break. IBULHSGFIN 3.16

SPARC 164.45 2.49 156 160 164 168 172 EMA combo break, MACD to cross signal line. L&TFH 1.12

Note: The rationale mentioned above are valid for the day only. Kindly use them accordingly. 3.16

Opening Sentiments

2.00 Global Equities Commodities & Currencies 2000 FII/DII activity (Rs. Cr.) Sector performance (%) 1.00 Indices %Chg Asset Last %Chg 1000 0.00 NIKKEI CRUDE 70.26 2.42 0 -1.00 SHANGHAI 0.36 COPPER 48920 -0.31 -1000 -2.00 SGX NIFTY -0.40 GOLD 1577.02 1.60 -2000 -3.00 S&P500 -0.71 USDINR 71.9675 0.62 -3000 2-Jan 1-Jan 31-Dec 30-Dec 27-Dec 26-Dec Economic calendar - pg 4... FII DII

Headlines News

Asian markets are trading down with GOLD PRICE AT HIGHEST LEVEL IN UNLISTED COs MAY HAVE TO FPIs PULL OUT FUNDS Nikkei down over 2% following SIX YEARS SUBMIT FIN. STATEMENTS geopolitical tension spiking up in Middle East. Foreign portfolio investors (FPIs) began the Gold surged to the highest level in more than Unlisted companies might soon be required to year with profit booking as they withdrew a six years as rising tensions in the Middle East submit their financial statements to the net sum of Rs 2,418 crore from the Indian stoked demand for haven assets. Palladium government on a quarterly or half-yearly basis, US markets closed lower after U.S. drone capital markets in the first three trading also extended gains to an all-time high. Iran’s according to an official. There are more than strike kills key Iranian military official. sessions of January. As per latest depositories government said it would no longer abide by 11 lakh unlisted companies that are active in data, Rs 524.91 crore was pulled out of any limits on its enrichment of uranium the country and the proposal also assumes equities and Rs 1,893.66 crore from the debt following the killing of Iranian General Qassem significance against the backdrop of instances segment between January 1-3. This resulted Soleimani, while Iraq’s parliament voted to of financial woes at some large unlisted into a cumulative net outflow of Rs 2,418.57 expel U.S. troops from the country. President entities. crore. Donald Trump told U.S. lawmakers on Sunday European markets closed lower on Friday he was prepared to strike Iran “in a as tension spiked after U.S. airstrikes in disproportionate manner” if it retaliates Iraq killing Iranian official. against any U.S. target, as the nations traded threats.

Oil price jumped nearly $4 since Friday T IRB INFRA TO TRANSFER 9 BOT ADANIPORTS BUY KPCL VEDANTA TO RAISE FUNDS after U.S. air strike in Iraq sparking ASSETS escalation of tension in MIddle East and disruption of crude supplies. Billionaire Gautam Adani-led Adani Ports and IRB Infrastructure Developers on Sunday said it Vedanta Ltd on Sunday said it proposes to raise Special Economic Zone (APSEZ) on Friday said has received a no objection certificate from up to ₹2,000 crore via issuance of non- it will acquire a majority stake in the NHAI for transfer of nine BOT (build- convertible debentures (NCDs). The company Krishnapatnam Port Company (KPCL) from Gold price shot up as investors began operate-transfer) assets to IRB Infrastructure will hold a meeting of its committee of Hyderabad-based CVR Group for Rs 13,572 Trust and subsequent investment by GIC directors on Wednesday on this issue. moving to safe haven after U.S. air strike crore. "The company intends to acquire 75 per affiliates for 49 per cent stake in the Trust. in Iraq. cent stake of Krishnapatnam Port Company Limited from its existing shareholders," Adani Ports said in a filing to the Bombay Stock Exchange.

EVENT/DATA: India & U.S. Services PMI (Dec) today. Pivots

Asset LTP %Chg 50 DMA 200 DMA 3M Low S2 S1 Pivot R1 R2 3M High Pivot position NIFTY 12226.65 -0.45 12006.2 11587.0 11126 12154 12190 12228 12264 12302 12282 Near & < PV BANKNIFTY 32069.25 -1.15 31331.6 29921.5 27768 31750 31910 32120 32279 32489 32444 Near & < PV ADANIPORTS 382.5 -0.17 376.6 386.1 362 377 380 382 385 387 422 Near & > PV ASIANPAINT 1751.4 -2.19 1762.5 1561.8 1683 1727 1739 1759 1772 1792 1827 S1 <> PV AXISBANK 742.95 -1.85 737.2 734.6 673 731 737 747 753 762 760 S1 <> PV BAJAJ-AUTO 3072.05 -1.57 3206.2 2957.6 2886 3025 3049 3088 3112 3152 3269 S1 <> PV

BAJAJFINSV 9345.85 -1.68 8986.4 7986.9 7972 9211 9278 9391 9459 9572 9506 S1 <> PV

BAJFINANCE 4193.45 -1.24 4105.5 3548.6 3879 4139 4166 4200 4228 4262 4253 Near & < PV

BHARTIARTL 455.1 -0.02 421.3 361.9 342 448 451 455 459 463 461 Near & < PV BPCL 483.5 -0.83 504.0 416.0 477 467 475 481 489 495 545 PV <> R1

CIPLA 469.95 -0.75 466.9 504.8 408 462 466 471 475 480 486 Near & < PV

COALINDIA 211.85 0.36 202.5 220.0 184 206 209 211 214 216 215 PV <> R1 DRREDDY 2883.9 0.66 2850.8 2722.9 2616 2833 2858 2878 2903 2923 2977 Near & > PV EICHERMOT 21189.25 -1.91 21868.6 19740.5 18001 20766 20978 21322 21533 21878 23261 S1 <> PV

GAIL 125.65 1.70 123.9 144.5 111 121 123 126 128 131 137 S1 <> PV

GRASIM 756.65 -1.27 762.9 805.2 649 741 749 759 767 778 823 S1 <> PV

HCLTECH 585.05 2.01 565.4 542.8 526 566 576 582 591 598 585 PV <> R1

HDFC 2454.45 -0.48 2290.8 2139.5 1969 2430 2442 2454 2467 2479 2466 Near & > PV

HDFCBANK 1268.4 -1.43 1263.5 1190.4 1187 1251 1260 1272 1281 1294 1302 S1 <> PV

HEROMOTOCO 2432.35 0.12 2489.9 2582.7 2296 2398 2415 2432 2449 2466 2713 Near & > PV

HINDALCO 216.45 -1.68 200.9 197.3 181 214 215 217 219 221 220 S1 <> PV

HINDPETRO 263.7 -2.15 283.7 281.0 259 259 261 264 266 268 325 Near & < PV

HINDUNILVR 1927.45 -0.55 2042.5 1858.8 1923 1907 1917 1929 1939 1950 2179 Near & < PV

IBULHSGFIN 329.6 1.37 262.1 516.3 173 314 322 329 337 344 335 Near & > PV

ICICIBANK 538.85 -0.32 510.1 436.6 416 534 536 539 541 543 549 Near & > PV

INDUSINDBK 1528.85 -0.01 1446.3 1480.5 1223 1500 1515 1526 1541 1552 1576 Near & > PV

INFRATEL 248.15 -2.17 238.6 263.5 183 237 243 249 255 261 276 S1 <> PV

INFY 746 1.54 706.6 744.9 635 729 737 743 751 757 815 PV <> R1

IOC 126.85 -0.12 131.4 143.2 123 125 126 127 128 128 149 Near & > PV

ITC 238.5 -0.56 247.2 267.0 236 236 237 239 240 242 266 S1 <> PV

JSWSTEEL 272.45 -1.45 253.3 256.7 208 268 270 273 276 279 276 S1 <> PV

KOTAKBANK 1657.1 -0.86 1638.1 1508.8 1554 1631 1644 1659 1672 1686 1730 Near & < PV

LT 1335.05 -0.76 1356.7 1402.2 1264 1322 1328 1337 1343 1352 1474 Near & < PV

M&M 532.75 -1.32 549.0 593.8 506 525 529 534 538 543 617 Near & < PV

MARUTI 7254.25 -1.03 7240.6 6727.8 6605 7165 7210 7271 7316 7377 7721 Near & < PV

NTPC 119.35 -1.69 117.0 125.5 110 118 119 120 121 122 122 S1 <> PV

ONGC 128.45 0.31 132.6 145.6 125 125 127 130 132 135 147 S1 <> PV

POWERGRID 193 -1.08 192.0 196.9 182 189 191 193 195 197 206 Near & < PV

RELIANCE 1537.15 0.12 1521.5 1352.4 1310 1515 1526 1534 1545 1553 1610 Near & > PV

SBIN 333.7 -1.65 322.9 315.4 249 329 331 335 337 341 349 S1 <> PV

SUNPHARMA 444.6 2.22 432.9 426.1 380 425 435 443 452 460 459 PV <> R1

TATAMOTORS 191.1 -1.37 169.4 161.4 117 186 188 192 195 198 194 S1 <> PV

TATASTEEL 483.7 -0.24 418.5 441.7 325 476 480 483 487 490 485 Near & > PV

TCS 2200.65 1.99 2137.9 2104.9 1987 2137 2169 2196 2228 2255 2270 Near & > PV

TECHM 775.1 1.18 762.0 738.9 705 757 766 773 782 789 787 PV <> R1

TITAN 1139.7 -1.38 1196.7 1174.2 1136 1119 1129 1143 1153 1167 1375 S1 <> PV

ULTRACEMCO 4219.2 -0.60 4130.9 4263.6 3870 4149 4184 4221 4256 4293 4312 Near & < PV

UPL 590.75 -0.79 570.2 602.0 530 584 587 591 594 598 607

VEDL 157.75 -1.07 148.0 157.9 139 154 156 158 160 163 161 S1 <> PV

WIPRO 251.1 1.13 248.2 262.6 237 245 248 250 253 256 260 PV <> R1

YESBANK 47.1 -0.53 58.1 111.6 40 46 47 47 48 49 73 S1 <> PV

Traders' corner stocks - the week so far Monday Tuesday Wednesday Thursday Friday S.No Stocks %gain* Stocks %gain Stocks %gain Stocks %gain Stocks %gain

1 SPICEJET 13.65 IRB 6.11 WABAG 1.88 WABAG 6.64 QUESS 4.47

2 HINDOILEXP 3.62 IOLCP 2.83 RAYMOND 1.14 RAYMOND 4.61 GICRE 3.87

3 HIMATSEIDE 1.14 APOLLOHOSP 2.61 STRTECH 1.10 STRTECH 3.16 IBULHSGFIN 3.16 4 APOLLOHOSP 0.82 JKIL -1.81 BOMDYEING 1.02 BOMDYEING 0.97 L&TFH 1.12

Avg. return 4.81 2.44 1.28 3.84 3.16

* For calculation purposes, the exit price is assumed to be at the day's high if %chg is >0.5%, or at the day's close, if %chg is <0.5%. Entry is assumed to be done at the day's opening price. Economic Calendar

1 Jan, Wednesday 2 Jan, Thursday 3 Jan, Friday 4 Jan, Saturday 5 Jan, Sunday

 India individual vehicle sales - Dec  India/US/Euro Area/ China manufacturing  RBI FX reserves - Dec/27  FOMC minutes  ECB Lane speech  Japan Market Holiday - New Year PMI - Dec  ISM manufacturing PMI-Dec (Jan 01-03)  US initial & continuing jobless claims  Baker Hughes rig count -03/Jan  US/ UK/ China Markets Holiday - new  Domestic Earnings (Q3) - VALUEIND year's Day

6 Jan, Monday 7 Jan, Tuesday 8 Jan, Wednesday 9 Jan, Thursday 10 Jan, Friday

 Japan manufacturing PMI Final -Dec  Japan Services PMI Final - Dec  Euro Area Business sentiment - Dec  China Inflation rate YoY - Dec  China Trade Balance - Dec  India/ US/Euro Area/ UK/ China  China FX reserves - Dec  ADP employment Change - Dec  Germany trade balance - Nov  RBI FX reserves - Jan/03 services PMI - Dec  UK new car sales YoY - Dec  EIA crude oil stocks Change 03/Jan  Euro area unemployment rate - Nov  India IIP YoY Nov  Domestic Earnings (Q3) - ITI  Euro area Inflation (Dec)/Retail sales (Nov)  US initial and continuing jobless claims  India Trade Balance Dec (Jan 10-15)  US Trade Balance - Nov/ISM non-  US Non Farm Payrolls / Unemployment Manufacturing PMI- Dec rate -Dec  Domestic Earnings (Q3) - GMBREW  Baker Hughes oil rig count 10/Jan  Domestic Earnings (Q3) - INFY

11 Jan, Saturday 12 Jan, Sunday 13 Jan, Monday 14 Jan, Tuesday 15 Jan, Wednesday

 China Vehicle sales YoY Dec  US Monthly budget statement - Dec  US EIA crude oil stocks change 10/Jan  UK Trade Balance / GDP /IIP - Nov  Japan current account - Nov  India CPI - Dec  India WPI - Dec  Japan Market Holiday - Coming of Age  US inflation/Core inflation MoM - Dec Day  US API crude oil stock change 10/Jan  Domestic Earnings (Q3) - WIPRO,  UK inflation - Dec TATAELXSI  Euro Area Trade Balance / IIP YoY Nov

16 Jan, Thursday 17 Jan, Friday 18 Jan, Saturday 19 Jan, Sunday 20 Jan, Monday

 Germany inflation Final Dec  China GDP Q4/Retail sales / IIP -Dec  Domestic Earnings (Q3) - HDFCBANK  Japan IIP MoM Final Nov  US retail sales MoM Dec  UK retail sales - Dec  BoJ interest rate decision (Jan 20-21)  US initial and continuing jobless  Euro area inflation/ Core inflation - Dec  US Markets Holiday - Martin Luther King claims  India FX reserves Jan/10 Jr. Day  Domestic Earnings (Q3) - CYIENT  US IIP YoY Dec/ JOLTs Job openings - Nov  Baker Hughes Oil rig count 17/Jan  Domestic Earnings (Q3) - HCLTECH, ICICIGI

21 Jan, Tuesday 22 Jan, Wednesday 23 Jan, Thursday 24 Jan, Friday 25 Jan, Saturday

 UK Unemployment rate Nov  US Existing home sales Dec  Japan Trade Balance - Dec  Japan Inflation/Core Inflation - Dec  Domestic Earnings (Q3) - ICICIPRULI,  US API crude oil stock change 17/Jan  US EIA crude oil stocks Change 17/Jan  BoJ monetary policy meeting minutes HDFCAMC  Domestic Earnings (Q3) -  ECB interest rate decision  US / Euro Area/ Germany / UK/Japan  Domestic Earnings (Q3) - ICICIBANK AXISBANK,CEATLTD  Domestic Earnings (Q3) - ZENSARTECH, Manufacturing PMI flash- Jan PVR, RBL, PNBHOUSING, JMFINANCIL,  RBI FX reserves - Jan/ 17 KOKUYOCMLN, HTMEDIA, GHCL  US Baker Hughes Oil Rig Count - 24/Jan  China Market Holiday - Lunar New year (Jan 24 -30)  Domestic Earnings (Q3) - ATUL, JSWSTEEL, EIHOTEL

26 Jan, Sunday 27 Jan, Monday 28 Jan, Tuesday 29 Jan, Wednesday 30 Jan, Thursday

 Germany Ifo business climate - Jan  US Consumer Confidence - Jan  Japan Consumer Confidence - Jan  US GDP Q4  US new home sales MoM -Dec  US API crude Oil Stock Change 24/Jan  US Pending home sales YoY - Dec  BoE monetary policy meeting  Hang Seng Market Holiday - Lunar New  Domestic Earnings (Q3) - M&MFIN,  EIA crude oil stocks Change 24/Jan  Domestic Earnings (Q3) - BAJAJ-AUTO, Year (Jan 27-28) RAMCOSYS  Fed interest rate decision (Jan 29-30) PERSISTENT, NOCIL, DABUR, COLPAL  Domestic Earnings (Q3) - DRREDDY,  Domestic Earnings (Q3) - RAMCOIND, TTKPRESTIG, NAVINFLUOR, MAHLIFE, HDFC RAMCOCEM, BAJFINANCE, BAJAJFINSV Product basket : Technical and Derivatives Research

EQUITY

PRODUCT HOLDING PERIOD CHARACTERISTICS FREQUENCY

The aim is to capture a minimum of 1% move. All those recommendations that do not hit the target or INTRADAY Same day 10-15 per day stop loss are advised to be closed out at 3 10 pm.

At times, some of the price moves do not mature fully during the day. Such set ups are best played by BTST 5 days 1-3 per day CASH entering in the second half of the day with expectations of a momentum surge on the next day.

Uses classical technical studies to deliver moves that takes a while to mature. However, they are less SHORT TERM 30 days 4-8 per month volatile than BTST or intraday products, are directional and have the potential to be multibaggers.

DERIVATIVE

PRODUCT HOLDING PERIOD CHARACTERISTICS FREQUENCY

Naked options are best ploy to make use of sudden price spurts, but also brilliant in making use of OPTIONS 1-5 days 2-3 per day time decay, especially on approach of expiry. OPTION Multi legged option strategies are best suited for volatile and uncertain conditions especially ahead of OPTION STRATEGY Till expiry events, earnings, etc. They are also ideal for generating small, but consistent incomes without 4-8 per month worrying about direction.

Suited for those with higher risk appetite, who are looking to gain more from the underlying’s FUTURE 1-5 days 1-2 per day (stock/index) move. FUTURE

BTST/STBT 5 days Characteristics are similar to BTST product in Cash 1 per day

All our technical & derivative research recommendations can be seen and traded in SELFIE, our trading platform. You may benefit from these research products even further, by utilising leverage facilities like MTF, BTST, Intraday etc. To know more about the same, kindly contact your nearest Geojit branch.

Technical & Derivative Research

Anand James, CFTe Chief Market Stategist

Equity desk Tency N. Kurien Analyst Asa Ramachandran Analyst

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