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Market Radar.Xlsx Market Radar 6-Aug-20 Nifty Outlook : RBI event calls for preparing three possible reactions: Volatility, directional moves, or flat trades. We expect lower chances of volatility today, and place equal chance for directional moves or flat trades. Directional moves may aim for 10740 or 11600, but we are inclined to bet on Nifty remaining within a 50 point range from yesterday’s close. Traders' corner Stocks Actionable ideas Target Stoploss Notes S2 S1 PV R1 R2 HEG Buy at open or on dips to 766 820 749 Breaks above signal line. 740 762 779 800.0 817.2 GUJALKALI Buy at open or on dips to 327 343 319 MACD above signal line. 306 320 329 343 352 OBEROIRLTY Buy at open or on dips to 350 370 344 MACD exhaustion. 347 351 355 359 363 ENGINERSIN Buy at open or on dips to 65.5 72 62 MACD reversal. 64.6 65.6 66.5 67.5 68.4 Note: The recommendations are valid for 5 working days. Headlines News Asian markets are trading mixed as IEX IN TALKS TO SELL STAKE IN MAX VENTURES OFFLOAD HDFC LAUNCHES 14000CR QIP uncertainty continued over the tensions GAS UNIT SHARES IN MFSL between the U.S. and China. Korean markets led gainers supported by shares of Hyundai Motors. Indian Energy Exchange Ltd. is in talks Promoter entity Max Ventures Investment India’s largest private-sector mortgage with strategic investors to sell a minority Holdings on August 5 has offloaded 2.26 financier HDFC Ltd on August 5 launched stake in its fledgling gas unit. The largest percent equity stake in MFSL via open a mega qualified institutional placement U.S. markets closed higher for the fourth electricity trading platform in India may market transactions. It sold 61 lakh (QIP) to raise Rs 14,000 crore as it looks day consecutively as investors focused sell as much as 49% in the venture in a shares at Rs 535.18 per share, the bulk to strengthen its balance sheet and scout on corporate earnings and on hopes of series of deals, Rajiv Srivastava, chief deals data available on the BSE showed. for M&A opportunities in the COVID-19 fresh cornavirus relief package. executive officer of IEX said in an era. interview. The first accord may be signed in three months, he said. State-run gas supplier GAIL India Ltd. in June said itwas European markets closed higher as considering buying a stake. investors took cues from corporate earnings but gains were capped as economic data were weaker than expectation. Oil price jumped to five month high T NEW ACQUISITION IN ED-TECH ADANI GAS Q1 DLF Q1 after witnessing a sharp fall in US crude INDUSTRY inventories but saw higher level selling as as coronavirus cases casted shadow on demand recovery. City gas distributor Adani Gas Ltd has Realty major DLF Ltd on Wednesday Byju's, India’s largest online learning posted a 42% drop in its net profit for the reported a consolidated net loss firm, on August 5 said it has acquired quarter ended April-June 2021. Net profit of 71.52 crore for the first quarter WhiteHat Jr., a startup focussing on Gold price continued its upside after it came in at 46 crore during the quarter, ended June 30, 2020 as against a net online coding classes for kids, continuing closed above $2000 the previous day on against 79 crore a year back. Revenue profit of 413.94 crore for the same the dealmaking frenzy in the ed-tech the back of weak dollar and rising from operations also dropped 57% to 207 quarter last fiscal. space. The deal gives Byju's an entry into coronavirus cases droves investors to the crore against 479 crore in the a promising and early segment in Indian safe haven asset. corresponding period last fiscal. Ebitda education. While it did not specify the (earnings before interest, tax, deal value, a person in the know said it is depreciation and amortisation) was down a $300 million all-cash deal. 41% at 86 crore. Economic data : RBI MPC meeting outcome, US Jobless claim data today. AGM: Creditacc, Bataindia, BASF Q4Earnings :Canfinhome, Lupin,Hindpetro, Gspl Pivots Asset LTP %Chg S2 S1 Pivot R1 R2 Pivot position NIFTY 11101.65 0.06 10969 11035 11130 11197 11292 S1 PV BANKNIFTY 21509.95 0.09 21144 21327 21632 21815 22120 S1 PV ADANIPORTS 327 3.83 308 317 323 333 338 PV R1 ASIANPAINT 1720 0.35 1695 1708 1725 1737 1754 S1 PV AXISBANK 434.2 1.18 424 429 438 443 452 S1 PV BAJAJAUTO 3016.05 1.55 2944 2980 3008 3044 3071 PV R1 BAJAJFINSV 6245 1.35 6103 6259 6331 6416 S1 PV BAJFINANCE 3270 1.06 3201 3235 3283 3317 3365 S1 PV BHARTIARTL 559.75 1.96 542 551 556 565 570 PV R1 BPCL 411.1 0.62 401 406 410 416 420 PV R1 CIPLA 723.5 1.35 709 716 723 730 737 PV R1 COALINDIA 128.7 0.04 127 128 129 130 131 S1 PV DRREDDY 4609.3 0.55 4535 4572 4619 4656 4703 S1 PV EICHERMOT 22029 4.82 20711 21370 21819 22478 22927 PV R1 GAIL 93.5 0.38 92 93 94 95 96 S1 PV GRASIM 633.2 1.37 611 622 633 644 655 PV R1 HCLTECH 689.5 0.45 670 680 691 701 712 S1 PV HDFC 1780 0.06 1741 1760 1786 1806 1831 S1 PV HDFCBANK 1030.95 1.03 1000 1015 1036 1051 1071 S1 PV HEROMOTOCO 2717 0.40 2642 2679 2710 2747 2778 PV R1 HINDALCO 177.1 9.09 159 168 173 182 187 PV R1 HINDPETRO 214.5 0.23 207 211 216 219 224 S1 PV HINDUNILVR 2199.5 0.08 2168 2184 2197 2213 2226 PV R1 IBULHSGFIN 190.25 2.98 182 186 190 195 199 PV ICICIBANK 353.05 0.58 345 349 355 358 364 S1 PV INDUSINDBK 493.95 0.27 481 487 497 503 513 S1 PV INFRATEL 191.3 0.03 187 189 191 193 196 S1 PV INFY 944.5 0.56 925 935 948 958 971 S1 PV IOC 86.75 0.23 85 86 87 88 89 S1 PV ITC 192.8 0.44 190 191 193 194 196 S1 PV JSWSTEEL 234.75 2.92 225 230 233 238 241 PV R1 KOTAKBANK 1338.15 1.07 1307 1322 1338 1353 1369 PV R1 LT 924 0.03 913 918 926 932 940 S1 PV M&M 619 2.72 597 608 614 625 631 PV R1 MARUTI 6517 2.49 6281 6399 6498 6616 6716 PV R1 NTPC 86.2 0.70 85 86 86 87 87 PV R1 ONGC 77.2 1.45 76 77 77 78 78 PV R1 POWERGRID 176.5 0.98 174 175 177 178 179 S1 PV RELIANCE 2132.1 0.86 2071 2102 2149 2179 2227 S1 PV SBIN 191.8 0.10 187 190 193 195 199 S1 PV SUNPHARMA 529.75 0.15 521 525 532 536 543 S1 PV TATAMOTORS 115.55 3.68 109 112 115 118 121 PV R1 TATASTEEL 49 3.05 47 48 49 50 51 PV R1 TCS 2259 0.41 2224 2241 2271 2288 2318 S1 PV TECHM 649.45 0.49 632 641 651 660 670 S1 PV TITAN 1105 2.77 1063 1084 1099 1120 1136 PV R1 ULTRACEMCO 4035.05 0.77 3958 3997 4053 4092 4148 S1 PV UPL 455 1.45 443 449 458 464 474 S1 PV VEDL 122.05 2.52 117 120 122 124 126 PV R1 WIPRO 278.1 1.05 273 276 280 283 287 S1 PV YESBANK 12.85 4.90 12 12 13 13 13 PV R1 Economic Calendar 1 Aug, Saturday 2 Aug, Sunday 3 Aug, Monday 4 Aug, Tuesday 5 Aug, Wednesday India individual vehicle sales - July Japan GDP Q1 Final US total vehicle sales Jul India Services & composite PMI Jul India Manufacturing PMI Jul US factory orders Jun China/Japan/EA/UK/ US services China/EA/UK/US manufacturing US API crude oil stock change PMI - Jul PMI Jul 31/Jul UK new car sales Jul ISM manufacturing PMI Jul RBI interest rate decision (Aug 04- US ADP employment change Jul 06) US trade balance Jun Bank of Japan accounts (Jul 31) US EIA crude oil stock change 31/Jul 6 Aug, Thursday 7 Aug, Friday 8 Aug, Saturday 9 Aug, Sunday 10 Aug, Monday US weekly initial & continuing China trade balance Jun China inflation Jul jobless claims China FX reserves Jul UK trade balance Jun/GDP Q2/ IIP BoE interest rate decision RBI weekly FX reserves Jun US Nonfarm Payrolls Jul US JOLTs job openings Jun US Baker Hughes oil rig count Japan Market Holiday - Mountain 07/Aug Day 11 Aug, Tuesday 12 Aug, Wednesday 13 Aug, Thursday 14 Aug, Friday 15 Aug, Saturday China NBS press conference Japan current account Jun EA IIP Jun US initial & continuing jobless China IIP/ retail sales/ UK employment change May India CPI Jul claims unemployment rate Jul India IIP June US inflation rate Jul India WPI / trade balance Jul US PPI Jul US EIA crude oil stock change 07/Aug RBI FX reserves Aug/07 US API crude oil stock change US monthly budget statement Jul US retail sales Jul 07/Aug China vehicle sales Jul EA GDP growth rate Q2 OPEC monthly report US Baker Hughes oil rig count 14/Aug 16 Aug, Sunday 17 Aug, Monday 18 Aug, Tuesday 19 Aug, Wednesday 20 Aug, Thursday China interest rate decision Japan GDP Q2 US housing starts Jul Japan trade balance Jul UK retail sales Jul OPEC meeting UK inflation Jul US initial & continuing jobless US API crude oil stock change US EIA crude oil stock change claims 14/Aug 14/Aug FOMC minutes (Jul meeting) 21 Aug, Friday 22 Aug, Saturday 23 Aug, Sunday 24 Aug, Monday 25 Aug, Tuesday Japan inflation rate Jul US new home sales Jul Japan/EA/UK/US manufacturing US consumer confidence Aug & services PMI flash Aug US API crude oil stock change RBI FX reserves Aug/14 21/Aug US existing home sales Jul US Baker hughes rig count 21/Aug Aug, Saturday 26 Aug, Wednesday 27 Aug, Thursday 28 Aug, Friday 29 30 Aug, Sunday US durable goods orders Jul US GDP Q2 est UK Gfk consumer confidence Aug Japan retail sales Jul US EIA crude oil stock change US initial & continuing jobless US Baker hughes oil rig count Aug/21 claims 28/Aug US pending home sales Jul Product basket : Technical and Derivatives Research EQUITY PRODUCT HOLDING PERIOD CHARACTERISTICS FREQUENCY The aim is to capture a minimum of 1% move.
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