Tuesday, 11 March 2019
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` th Tuesday, 11 March 2019 Index Levels: Market Trend (Nifty): Trend Reversal Point Current INDEX SUPPORTS RESISTANCES Period (TRP) 27Nifty on close Trend basis NIFTY 11000 / 10950 11090 / 11120 Short Term Trend* UP DOWN BELOW 10540 (11035.40) 10850 11200 / 11550 SENSEX 36450 / 36375 36850 / 36950 Medium Term* DOWN UP ABOVE 11050 (36671.43) 36100 37180 / 38000 ITE-35* ------------- -------- Long Term Trend* UP DOWN BELOW 9950 (15442.65) *As on 08th March 2019 (*Trend Reversal Point (TRP) is based on close prices.) Imtiaz Merchant’s Best Picks Indices COMPANY CURREN Domestic Close As on Close As on SIZE SECTOR Points % Chg NAME T PRICE Indices 01st Mar 08th Mar RELIANCE LARGE CAP OIL & GAS 1267 BSE Sensex 36063.81 36671.43 607.62 1.68% INDUSTRIES TCS LARE CAP IT 222 Nifty 10863.50 11035.40 171.9 1.58% PI ITE Shariah MID CAP INDUSTRIAL 983 15337.46 15442.65 105.19 0.68% INDUSTRIES 35* S&PCNX 500 AIA ENG MID CAP INDUSTRIAL 2869.80 2895.53 25.73 0.89% 1826 Shariah Note: (Buying is suggested from a medium to Dollar/Rupee 70.90 70.14 -0.76 -1.08% long term perspective only) *Weekly Yield A Range bound trade continued in the market due to lack of any substantial news Market Brief- flows, market nevertheless ended the week marginally higher. It was the best close in almost 20 weeks or 4 to 5 months, perhaps market is awaiting for some major triggers in form of corporate results and forth coming assembly elections, though are pre election rally is not ruled out. It appears that a range bound trade may further continue with an upside bias, with FII close being positive and Oil prices remaining statuesque may keep the market range bound and volatile for some more time to come. Sectors those are looking good for investments are Oil & Gas, selected Auto and selected stocks from Manufacturing, Consumers, Mid & Small Cap and Metals. This is a good portfolio restructuring time and investor should do well by investing in fundamentally good stocks and exit from weaker or underperforming stocks Technical– Amid volatile moves market remained in the range between 10800 and 11050. Market has been in a range for quite some time signifying indecisiveness expecting a breakout or break down although breakout looks more imminent the upon close above 11200 the Nifty is likely to test 12000 plus levels. However in event of a significant bad news a initial close below 10800 and finally 10600 market would swiftly go down to test 10000 or perhaps even lower. The near term range for the market is 10800 and 11050 and the broader range is between 10600 and 11200 close on either side will determine the trend going forward. ` Advance/ Advance Decline AD Un- Decline Ratio Changed BSE 1194 1461 0.82:1 141 NSE 717 944 0.76:1 88 Shariah Universe*** 463 603 0.77:1 33 Global Indices Close Points % Chg Dow Jones* 25473.23 -200.23 -0.78% NASDAQ* 7421.46 -84.46 -1.13% FTSE* 7157.55 -38.45 -0.53% Nikkei 21025.56 -430.45 -2.01% Hang Sang 28228.42 -551.03 -1.91% Straits Times 3195.87 -33.61 -1.04% th #as on 08 March 2019 Institutional Buy Sell Net Activity (Cr) FII* 5038.53 3943.47 1095.06 DII** 2944.86 3415.56 -470.7 FII* Foreign institutional investor DII** Domestic institutional invest ITE – 211** Shariah Top Gainers & Losers News: Wipro share price falls 5% to Rs 256 after block deals Gainers Losers Shares of Wipro fell 5 per cent to Rs 256 in intra-day Stocks % Stocks % trade on the BSE in after huge block deals were executed on the counter. Till 11:22 am, a combined Interglobe SunPharma 57.86 million equity shares, representing 1.3 per cent Aviation Ltd. 43% Advanced Ltd. -45% equity, of Wipro had changed hands on the National Stock Exchange (NSE) and BSE. The name of the Sun buyer and sellers could not be ascertained immediately. Vinati Organics Pharmaceutical According to media reports, the Azim Premji Trust, part Ltd. 36% Industries Ltd. -32% of the promoter group that owns 74.3 per cent in the Kajaria Ceramics software services provider, plans to sell a minimum of Ltd. 32% Quess Corp Ltd. -28% 0.29 per cent, or 17.8 million shares through block deals. As of December 31, 2018, Azim Premji V-Guard Indst Page Industries Trust held 618 million or 13.67 per cent stake in Wipro, Ltd. 31% Ltd. -24% the shareholding pattern data shows. With today’s fall, Asahi India Glass Wipro's stock has been down 7.6 per cent in past two Spicejet Ltd. 30% Ltd. -23% trading days after the stock turned ex-date of bonus shares on Wednesday, March 6, 2019. The board of Cummins India Hexaware directors of Wipro, at their meeting held on January 18, Ltd. 27% Technologies Ltd. -23% had recommended the issue of bonus equity shares in the proportion of 1:3 (one equity share for every three Raymond Ltd. 25% Cipla Ltd. -20% equity shares held). The company fixed March 7, 2019, Persistent as the record date to determine eligible shareholders VIP Industries Ltd. 23% Systems Ltd. -19% entitled to receive the bonus equity shares. Wipro hit a multi-year high of Rs 297 on February 25, in intra-day Colgate-Palmolive Grasim Industries trade, and had outperformed the market by surging 46 (India) Ltd. 22% Ltd. -19% per cent in past nine months. In comparison, the Aarti Industries Zensar S&P BSE Sensex was up 3 per cent during the same Ltd. 21% Technologies Ltd. -19% period. *source: Business Standard # % = 3 months Return ` BSE Top Gainers & Losers ITE – 35* Shariah Top Gainers & Losers Gainers Losers Gainers Losers Stocks % Stocks % Stocks % Stocks % Sun ADVENZYMES 17.00% TATASTEELPP -9.98% Pharmaceutical Nestle India Industries Ltd. -32% Ltd. 16% LEMONTREE 8.74% ARVIND -5.88% Titan Company Tata Motors Ltd. -24% Ltd. 15% JAICORPLTD 8.10% WIPRO -4.58% Cipla Ltd. -20% UPL Ltd. 14% GRANULES 6.79% BSOFT -4.37% Oil & Natural #as on 08th March 2019 Gas Corporation Larsen & Ltd. -15% Toubro Ltd. 14% # % = 3 months Return Stock Universe for January March 2019 Compliant Status No. of Percentage of Total Market Percentage of Total Companies Total Companies Cap Market Cap Shariah Compliant Stocks 1326 34.46 8,716,151.01 60.00 Ratio Based Shariah Non –Compliant 1556 40.44 1,459,839.14 10.05 Industry Based Non- Compliant 964 25.05 4,352,068.28 29.96 Total Traded Stocks 3848 100.00 14,528,058.43 100.00 #as on 08th March 2019 ‘Markets are directionally efficient, meaning that today’s price reflects what is currently known about the future direction of the markets.’ *ITE-35 Shariah index is a well diversified Index with 35 stocks large size companies developed by Pragmatic Wealth Management research group. The ITE-35 Index is benchmarked against Sensex& Nifty50. ** ITE -211 Shariah is a broad based index constitutes 211 companies from large, mid and small size companies spread over 9 Shariah permissible sectors. This is parent (macro Index) and it commensurate with BSE- 500 and S&PCNX 500 *** Shariah universe comprises of companies derived (Filtered) from total traded stocks on Bombay Stock Exchange (BSE) as per Shariah norms Caution: Islamic Investments strictly prohibits intraday trading and Derivative trading. Stocks should only be sold upon procuring the delivery. Disclaimer: The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations and Newsletters are based on the theory of Technical & Fundamental Analysis Combined. © Pragmatic Wealth Management Pvt. Ltd. .