Sharekhan Ltd - Vasai, Shop NO. 3, Purnima Appartment, Sai Nagar Ground, Vasai (W), Thane (2026)

Q: What is the website?

http://sharekhanltd-vasai.blogspot.in/

Call +919768345620 for more information. Sharekhan your guide to financial Jungle is an entity engaging in trading markets assisting your investment planning.

03/03/2017

Nifty is likely to open on a negative note based on the global cues. Support for the day is placed at 8475 levels and if breaks then further downside expected.

Nifty Spot Levels
Support 8867 – 8828
Resistance 9000 - 9050

Short Term Trend
Index Target Trend Reversal Support/Resistance
Nifty 9119 Up Down below 8828 8828 / 9119

Medium Term Trend
Index Target Trend Reversal Support/Resistance
Nifty 9430 Up Down below 8667 8667 / 9430

Bank Nifty Spot Levels
Support 20449 – 20295
Resistance 20905 - 21042

STOCKS FOR THE DAY AND ACTION

Grasim
Grasim Industries: Denies report of making investment into Idea

Action to be taken Initiation Range Stop Loss Target
Long 995 – 996 986 1035

Cadila
Cadila Health: Pfizer files lawsuits over patents for arthritis drug Xeljanz

Action to be taken Initiation Range Stop Loss Target
Short 431-429 436 410

*Stock mentioned above are in Sharekhan research coverage. We also like these Stocks for short-term.

DERIVATIVES DATA UPDATE

Nifty PCR: 0.98 Nifty Implied Volatility: 13.36
Market wide open interest: Rs2,88,932 crore after addition of Rs18,867 crore
Nifty Call : added 34.36 lakh shares Nifty Put : added 17.34 shares
Major OI Gainers BIOCON (24%), NTPC (17%), BPCL (15%), BHARATFIN (13%) and ALBK (8%)
Major OI Losers TORNTPHARMA (-17%), IBREATEST (-17%), WOCKPHARMA (-16%), VOLTAS (-10%) & HDIL (-9%)
Stock in Ban IBREALEST, JINDALSTEL, JPASSOCIAT

FII DATA

Prov FII Figure (Rs. in Cr)
Cash Derivative
FII DII Index Fut Index Opt Stock Fut Stock Opt
Buy Sell Net Buy Sell Net
4985.13 4862.19 122.94 3034.36 3117.57 - 83.21 874.47 - 1,133.61 - 265.34 - 45.80

STOCK IN NEWS

1. The Tata Group’s Indian Hotels Company (IHC) will not get a lease extension for the Taj Mahal Hotel in the heart of this city
2. Higher tax fears spur capital restructuring in Corporate India
3. Hindalco fixes price at Rs 184.45 for QIP issue
4. Tata Motors' Sanand plant workers move labour dept over wages
5. US regulator observations at Baddi unit may not effect Cadila
6. Madras HC lifts ban on water supply to Coke, Pepsi
7. Syngene to develop nutrition products for Herbalife
8. Cognizant acquires Japan's intelligent products and solutions firm
9. Organised realty players to tap affordable housing segment: Icra
10. Crompton Greaves is now CG Power and Industrial Solutions
11. Nasscom sees FY18 industry growth at 8-10%
12. Raymond comes under minority shareholder's fire
13. Airtel rated as India's 'Fastest Mobile Network for 2016'
14. DLF tanks 8% on promoters plan to sell 40% stake in rental arm

GLOBAL MARKET & INTERNATIONAL DATA UPDATE

Global Markets:

• US stocks retreated on Thursday, led by financial stocks, while Caterpillar shares dropped following news that federal officials searched its Illinois facilities.
• Several Fed officials this week have stoked expectations of an interest rate hike this month as the economy strengthens.
• The Dow Jones Industrial Average fell 112.58 points, or 0.53 percent, to end at 21,002.97. Currency Subject Forecast Previous
GBP Services PMI 54.2 54.5
USD ISM Non-Manufacturing PMI 56.5 56.5

SECTOR UPDATE - INVESTOR EYE

Automobiles
Sector Update
On a recovery path

Decent operating performance

Preferred picks: We continue to prefer MSIL in the automotive space given the sustained demand for its products, leading to consistent market share gains. We also like TVS Motor, owing to the lower impact of demonetisation on its portfolio (predominantly comprises Scooters and Mopeds) and the tie-up with BMW (which would enable it to gain a foothold in the premium motorcycles space and expand its margins).

IPO UPDATE - INVESTOR EYE

IPO Flash

Avenue Supermarts Ltd

Valuation
At the price band of Rs295-299 per share, the issue is priced at 52.6x and 51.9x its FY2016 EPS, respectively
– a discount to some of its peers despite much better profitability and return ratios. Its track record of industryleading performance and a reputed pedigree make it a quality investment option in the retail space.

02/03/2017

Markets are expected to open positive. On the higher side, last week’s high of 8982 will be the key hurdle to watch out for. Once that is crossed the bulls will push the benchmark index towards the all time high of 9119, which is our short term target.

Nifty Spot Levels
Support 8867 – 8826 – 8783
Resistance 8982 – 9000 – 9050

Short Term Trend
Index Target Trend Reversal Support/Resistance
Nifty 9119 Up Down below 8760 8760 / 9119

Medium Term Trend
Index Target Trend Reversal Support/Resistance
Nifty 9430 Up Down below 8550 8550 / 9430

Bank Nifty Spot Levels
Support 20560 – 20368 – 20088
Resistance 20853 – 21042 - 21200

STOCKS FOR THE DAY AND ACTION

SUNPHARMA Sun Pharma: Taro receives US FDA nod for Dextromethorphan Hydrobromide Syrup 9 (Used to treat issues related to Cough & Cold)

Action to be taken Initiation Range Stop Loss Target
BUY 692 – 695 687 708 - 713

ICICI BANK ICICI Bank - Carlyle, Warburg, Advent vie for Fairfax's 35% stake in ICICI Lombard

Action to be taken Initiation Range Stop Loss Target
BUY 279 – 280 276 286

*Stock mentioned above are in Sharekhan research coverage. We also like these Stocks for short-term.

DERIVATIVES DATA UPDATE

Nifty PCR: 1.00 Nifty Implied Volatility: 13.58
Market wide open interest: Rs.270,065 crs. and Rs.15,295 crs. added in OI
Nifty Call : 17.88 lakh shares in OI Nifty Put : 27.13 lakh shares in OI
Major OI Gainers NTPC (19%), COLPAL (16%), ACC (13%), EICHERMOTOR (12%) and HINDALCO (12%)
Major OI Losers JINDALSTEL (-7%), WOCKPHARMA (-7%), HINDZINC (-7%), PAGEIND (-6%) and JPASSOCIAT (-6%)
Stock in Ban IBREALEST, JINDALSTEL, JPASSOCIAT, WOCKPHARMA

FII DATA

Prov FII Figures (Rs. in Cr)
Cash Derivative
FII DII Index Fut Index Opt Stock Fut Stock Opt
Buy Sell Net Buy Sell Net
5205.38 5403.65 -198.27 3061.44 2807.23 +254.21 169.09 887.49 -1224.40 72.27

STOCK IN NEWS

1. Another USFDA warning for Wockhardt; US plant faces product approval freeze
2. DLF to sell 40% stake in rental arm to GIC
3. Tata Steel to source iron ore from OMC for feeding Kalinganagar plant
4. Make in India: Jindal Stainless (Hisar) forays into defence
5. Hero MotoCorp sales down 4.75% at 5,24,766 units in Feb
6. TCS says founders to participate in share buyback
7. JSW Steel makes offer to buy controlling stake in Monnet Ispat
8. Patanjali Ayurved gets 172 acres for food park in Andhra Pradesh
9. TVS sales decline by 3.6% in February
10. Tata Motors February sales up 2% at 47,573 units
11. Mahindra & Mahindra sales decline 2.92% to 42,714 units in February
12. SAIL records highest monthly export volume of 100,000 tonnes in decade
13. Royal Enfield sales up 18.88% at 58,439 units in February 2017

GLOBAL MARKET & INTERNATIONAL DATA UPDATE

Global Markets:

• Globally indices extending their rally, following US President Donald Trump’s Joint Congress address.

• Asian markets have opened notably higher, tracking gains in the US, where the Dow Jones closed above 21000 on the back of President Trump's speech. The Nikkei was up over 1 percent, while the Hang Seng was up over half a percent.

• In the US, Wall Street surged to all-time high this month, with Dow and S&P 500 ended over a percent higher major indices posting their best day of the year.

• In Europe, markets closed higher as investors were fueled by earnings, fresh data releases and the positive implications of President Trump's address to Congress. Shares climbed to 15-month highs, with banks and construction stocks leading the rally on renewed optimism over a huge economic stimulus in the US.. Currency Subject Forecast Previous
GBP Construction PMI (Feb) 52.2 52.2
EUR CPI (YoY) (Feb) 2.0% 1.8%
USD Initial Jobless Claims 243K 244K
CAD GDP (MoM) (Dec) 0.3% 0.4%
CAD GDP Annualized (QoQ) Q4 2.0% 3.5%

SHAREKHAN STOCK UPDATE

WIPRO
Another round of buy-back in offing, maintain Hold
Reco: Hold
Cmp: Rs 488
Tgt: Rs 550

SHAREKHAN VIEWPOINT

MINDA INDS
Fund raising plans to be earnings dilutive; Book profit with stellar gains of 50%
Reco: Book partial profit and wait for better price to re-enter
Cmp: Rs 434

SHAREKHAN MARKET OUTLOOK

Market Outlook
Too fast too soon
After a sharp rally the market could consolidate; correction would be an opportunity to buy
Preference: We maintain our overweight stance on the retail-focused private banks and non-banking financial companies, automobile and auto ancillary, cement, and oil & gas companies (which are largely part of the gas value chain; eg Petronet LNG, Gujarat State Petronet along with Indian Oil Corporation and Reliance Industries) as well as the bottom-up picks in the mid-cap space

27/02/2017

Indian markets are likely to open on weak note following global market. Now Nifty is very close to all time high of 9119 which is now short term target. The support for Nifty is at 8860 level.

Nifty Spot Levels
Support 8900 – 8860 – 8783
Resistance 8982 – 9000 - 9080

Short Term Trend
Index Target Trend Reversal Support/Resistance
Nifty 9119 Up Down below 8760 8760 / 9119

Medium Term Trend
Index Target Trend Reversal Support/Resistance
Nifty 9430 Up Down below 8550 8550 / 9430

Bank Nifty Spot Levels
Support 20472 – 20368 – 20088
Resistance 21042 – 21200 - 21300

STOCKS FOR THE DAY AND ACTION

Emami Emami has started commercial production at its new plant in Pacharia, Dolapathar, Kamrup, Assan

Action to be taken Initiation Range Stop oss Target
Buy 1076-7078 1065 1115-1120

L&T L&T arm bags Rs 1,100 cr contract from IOC

Action to be taken Initiation Range Stop Loss Target
Buy 1490 1480 1520

*Stock mentioned above are in Sharekhan research coverage. We also like these Stocks for short-term.

DERIVATIVES DATA UPDATE

Nifty PCR: 0.98 Nifty Implied Volatility: 13.40
Market wide open interest: Rs.3,62,912 Cr. and Rs.8,436 Cr. added in OI
Nifty Call : Added 28.40 lakh shares Nifty Put : Added 16.10 lakh shares
Major OI Gainers BEL (51%), KTKBANK (19%), NTPC (15%), IDEA (14%) and PAGEIND (13%)
Major OI Losers MCLEODRUSSEL (-16%), JINDALSTEL (-15%), CAIRN (-13%), TORNTPHARMA (-11%) and WIPRO (-11%)
Stock in Ban NIL

FII DATA

Prov FII Figure (Rs. in Cr)
Cash Derivative
FII DII Index Fut Index Opt Stock Fut Stock Opt
Buy Sell Net Buy Sell Net
9571.26 9178.93 392.33 4954.39 5399.43 -445.04 2431 1761 36 484

STOCK IN NEWS

1. L&T Infra Debt to raise Rs 2,500 cr to refinance projects
2. Zee closer to demerger of print biz
3. Lone Star, IL&FS partner to invest in stressed infra assets
4. IL&FS Engineering to focus on debt reduction, group synergy
5. Centrum to manage wealth of Lakshmi Vilas Bank's HNI clients
6. Maruti stops selling Ritz hatchback in domestic, international markets
7. Final call on strategic divestment of SAIL units by September
8. Godrej Interio eyes Rs 400 cr turnover from mattress segment
9. NMDC's Rs 18,000-cr steel plant may be completed by Dec
10. Tata Steel's Haldia coke plant gets environmental nod for expansion
11. L&T arm bags Rs 1,100 cr contract from IOC

Result – Merck, Sanofi, Vesuvius
GLOBAL MARKET & INTERNATIONAL DATA UPDATE

• Wall Street edged higher on Friday, with the Dow extending its streak of record-setting gains to 11 days, as increases in utilities and other safety plays outweighed declines in financials.
• Equities were in negative territory for a majority of the trading session, however, as investors grew hesitant after recent comments from the Trump administration indicated its pro-growth policies may have a longer route to implementation.
• The Dow Jones Industrial Average rose 11.44 points, or 0.05 percent, to end at 20,821.76. Currency Subject Forecast Previous
USD Core Durable Goods Orders (MoM) (Jan) 0.5% 0.5%
USD Pending Home Sales (MoM) (Jan) 0.4% 0.7%

SHAREKHAN SPECIAL - INVESTOR EYE

Q3FY2017 results review
Despite skewed growth, indications of revival in domestic demand are encouraging

Valuation
Notwithstanding the short-term hurdles, we are quite positive on the earnings growth trajectory over the next two years. The earnings growth would be aided by the normalisation of financial performance of key sectors like Banks, Energy and Autos in the coming financial years, which should result in double-digit earnings growth on the low base of FY2017. Consequently, we remain constructive on equity markets for the next 12- 18 months. One should look at buying on declines or during the corrections triggered by global uncertainties and volatility.

Preference: We continue to maintain our ‘overweight’ stance on the retail-centric Private Banks & NBFCs, Autos/Auto Ancillaries, Cement, Oil & Gas (largely gas value chain, IOC and Reliance Industries), along with bottom-up picks in the Mid Cap space.

SECTOR UPDATE - INVESTOR EYE

IT Sector Update
Q3FY2017
Valuations reasonable, macro overhang limits upside; stay selective

Leaders in Q3FY2017: Tech Mahindra and HCL Tech
Laggards in Q3FY2017: Wipro and Infosys
Preferred picks: Infosys and HCL Tech (in Large Cap space) and Persistent Systems (in Mid Cap space); stock preference is only for investors having an investment horizon of 12-15 months.

15/02/2017

Markets are likely to open on a flattish note. Nifty continues to trade in the narrow range. The intraday traders can go long once Nifty breaks out from the consolidation. So strategy will be to buy above 8830 with stop loss of 8790 for targets of 8875-8920

Nifty Spot Levels
Support 8715 – 8670 – 8600
Resistance 8830 – 8900 - 8930

Short Term Trend
Index Target Trend Reversal Support/Resistance
Nifty 8900 Up Down below 8670 8670 / 8900

Medium Term Trend
Index Target Trend Reversal Support/Resistance
Nifty 8900 Up Down below 8530 8530 / 8900

Bank Nifty Spot Levels
Support 20000 / 19915
Resistance 20462 / 20575

STOCKS FOR THE DAY AND ACTION

M&M M&M, Boeing discuss JV in defence to mfg twin engine fighter aircraft in India.The 2 cos signed intent for JV in helicopters in 2015.

Action to be taken Initiation Range Stop Loss Target
Buy 1301 – 1303 1290 1345

Greaves Cotton Greaves Cotton Q3 Results below expected :
Net Profit Down 28.8 percent At Rs 44.1 Crore Versus Rs 61.9 Crore (YoY)

Action to be taken Initiation Range Stop Loss Target
Sell 136.5 -136 139 126

*Stock mentioned above are in Sharekhan research coverage. We also like these Stocks for short-term.

DERIVATIVES DATA UPDATE

Nifty PCR: 1.11 Nifty Implied Volatility: 13.8
Market wide open interest: Rs.322306 crs. and Rs.6056 crs. added in OI
Nifty Call : Added 14.93 Lac shares in OI Nifty Put : Added 9.20 Lac shares in OI
Major OI Gainers TATAMOTORS (11%), IDBI (8%), AMARAJABAT (7%), BEL (7%) and PCJEWELLER (6%)
Major OI Losers NIITECH (-10%), RELINFRA (-6%), YESBANK (-6%), BRITANNIA (-5%) and OILINDIA (-4%)
Stock in Ban BOI, Ceat, IFCI, JSPL, JP Assoc, RCom, Union Bank, Wockhardt, Jet Airways

Most active index call option
Strike Curr. IV Pre. IV Curr. OI % Chg. OI % Chg. IV
8800 C 11.19% 10.82% 5154375 2.37% 3.43%
8900 C 10.84% 10.59% 4112325 6.78% 2.32%
9000 C 11.14% 10.85% 7047000 -0.44% 2.66%
9100 C 11.95% 11.56% 2978700 0.32% 3.35%
8700 C 12.05% 11.40% 2615775 -1.71% 5.67%
Average IV 11.43% 11.05% - - 3.51%
Most active index Put option
Strike Curr. IV Pre. IV Curr. OI % Chg. OI % Chg. IV
8800 P 11.75% 11.42% 4837125 12.54% 2.81%
8700 P 12.90% 12.49% 5156475 -0.27% 3.30%
8600 P 14.34% 13.79% 4408350 1.51% 3.92%
8500 P 15.83% 15.28% 5856075 1.56% 3.56%
8900 P 10.94% 10.87% 921675 4.83% 0.69%
Average IV 13.15% 12.77% - - 2.96%

FII DATA

Prov FII Figures (Rs. in Cr)
Cash Derivative
FII DII Index Fut Index Opt Stock Fut Stock Opt
Buy Sell Net Buy Sell Net
4382.69 4389.14 -6.45 1763.12 1766.32 -3.2 1321 137.67 -690.4 20.03

STOCK IN NEWS

• Vedanta Q3 PAT jumps over four-fold to Rs 1,866 crore
• Sun Pharma Q3 net dips 5% to Rs 1,471 cr on slower sales in US
• Navi Mumbai Airport: GVK may hit air pocket on fundraising
• DLF net profit plummets 46% to Rs 98 cr
• IOC offers Odisha interest-free bonds for Paradip refinery
• Patanjali to invest Rs 5,000 crore in four units to boost production
• Stent prices reduced 85%, industry says cap overkill
• JSW Steel sole bidder for Monnet Ispat
• HCL Technologies to set up operations in AP with Rs 500 cr investment
• RP-Sanjiv Goenka Group eyes Rs 300 cr from new apparel business
• S&P downgrades IDBI Bank to 'BB' on very weak asset quality
• Monsanto starts work on $975-mn Louisiana expansion project
• Cairn India scouts for oilfield services firms in a bid to cut cost, boost output

Results Today: Ashahi India, Nestle, CESC

GLOBAL MARKET & INTERNATIONAL DATA UPDATE

• Major US stock indexes established record highs on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates.
• Yellen said delaying rate hikes could force the US central bank to tighten monetary policy quicker down the line, which could risk a recession. She also expressed uncertainty over economic policy under the Trump administration.
• The Dow Jones Industrial Average climbed 0.45 percent to end at 20,504.41 points. Currency Subject Forecast Previous
USD Core CPI (MoM) (Jan) 0.2% 0.2%
USD Core Retail Sales (MoM) (Jan) 0.4% 0.2%
USD Retail Sales (MoM) (Jan) 0.1% 0.6%
USD Fed Chair Yellen Testifies
USD Crude Oil Inventories 3.175M 13.830M
USD FOMC Member Rosengren Speaks
USD FOMC Member Harker Speaks

STOCK UPDATE - INVESTOR EYE
Sun Pharma

Reco: Buy
CMP: 650
TGT: 775

Long-term outlook stable, caution in short term; maintain Buy, PT cut to Rs775
GlaxoSmithline Cons.

Reco: Hold
CMP: 5099
TGT: 5800
Focus on penetrating rural markets, revival will take time; maintain Hold with revised PT of Rs5,800
Britannia

Reco: Buy
CMP: 3220
TGT: 3750

Resilient performance; maintain Buy with revised PT of Rs3,750
Max Financial

Reco: Hold
CMP: 605
TGT: 660

Robust business franchise; performs satisfactorily on most metrics
NBCC

Reco: Buy
CMP: 286
TGT: 340

Uptick in ex*****on of large size orders to drive growth; reiterate Buy
Kalpataru Power

Reco: Buy
CMP: 290
TGT: 338

Traction in international T&D order and backlog provides revenue visibility; PT revised to Rs338

VIEW POINT - INVESTOR EYE
Petronet LNG

View : Positive
CMP : 384
Dahej utilisation remains firm; maintain positive view

14/02/2017

Markets are likely to open positive. Nifty 8830 will be the key level on the upside beyond which 8900-8930 will be the target. On the other hand, 8754-8715 will act as a crucial support.

Nifty Spot Levels
Support 8715 – 8670 – 8600
Resistance 8830 – 8900 - 8930

Short Term Trend
Index Target Trend Reversal Support/Resistance
Nifty 8900 Up Down below 8670 8670 / 8900

Medium Term Trend
Index Target Trend Reversal Support/Resistance
Nifty 8900 Up Down below 8530 8530 / 8900

Bank Nifty Spot Levels
Support 20000 / 19915
Resistance 20462 / 20575

STOCKS FOR THE DAY AND ACTION

GSK Consumer GSK Consumer Q3 results were weak net profit down 8.3% to Rs. 136.4 crs vs 148.7 crs , total Income down to Rs. 960.2 crs vs 1096.30 crs YoY.

Action to be taken Initiation Range Stop Loss Target
Sell 5124-5123 5150 5070

Kaveri Seeds Kaveri Seeds: Government seeks to push Seeds bill for passage in parliament.

Action to be taken Initiation Range Stop Loss Target
Buy 476-477 472 487

*Stock mentioned above are in Sharekhan research coverage. We also like these Stocks for short-term.

DERIVATIVES DATA UPDATE

Nifty PCR: 1.12 Nifty Implied Volatility: 13.18
Market wide open interest: Rs.3, 16,250 crs. and Rs.7,060 crs. added in OI
Nifty Call : Added 16.55 Lac shares in OI Nifty Put : Added 13.58 Lac shares in OI
Major OI Gainers SRF (14%), BANKBARODA (11%), CROMPGREAV (8%), IBREALEST (8%) and ABIRLANUVO (7%) were
Major OI Losers BANKINDIA (-11%), ORIENTBANK (-7%), GODREJIND (-6%), IDFCBANK (-6%) and WOXKPHARMA (-6%)
Stocks in Ban BANKINDIA, CEATLTD, HDIL, IFCI, JINDALSTEL
JPASSOCIAT, ORIENTBANK, RCOM, UNIONBANK
WOCKPHARMA

Most active index call option
Strike Curr. IV Pre. IV Curr. OI % Chg. OI % Chg. IV
8800 C 10.82% 10.32% 5034825 3.48% 4.82%
9000 C 10.85% 10.18% 7078050 2.72% 6.61%
8900 C 10.59% 10.07% 3851100 -5.17% 5.20%
9100 C 11.56% 10.60% 2969325 -2.72% 9.06%
8700 C 11.40% 10.85% 2661300 -2.18% 5.09%
Average IV 11.05% 10.40% - - 6.16%
Most active index Put option
Strike Curr. IV Pre. IV Curr. OI % Chg. OI % Chg. IV
8800 P 11.42% 10.81% 4298250 12.17% 5.73%
8700 P 12.49% 11.72% 5170275 8.68% 6.55%
8600 P 13.79% 12.81% 4342875 1.30% 7.69%
8500 P 15.28% 14.00% 5766150 -6.22% 9.15%
8900 P 10.87% 10.09% 879225 -6.84% 7.67%
Average IV 12.77% 11.89% - - 7.45%

FII DATA

Prov FII Figures (Rs. in Cr)
Cash Derivative
FII DII Index Fut Index Opt Stock Fut Stock Opt
Buy Sell Net Buy Sell Net
3863.41 3556.67 306.74 1862.36 2034.06 -171.70 754 178 -393 -265

STOCK IN NEWS

1. Vistara announces low fare scheme on anniversary, tickets start at Rs 899
2. GVK pips GMR to win Navi Mumbai airport bid
3. Tata Motors aims for leaner organisation, flatter hierarchy
4. NBCC might buy four smaller PSUs from government
5. The government’s military indigenisation plan has spawned another tie-up. L&T announced a joint venture (JV) with France’s MBDA, a global leader in missile systems.
6. For the first time in 33 years, Infosys logs drop in employee hiring
7. Mukesh Ambani's gas pipeline company's net worth erodes by Rs 7,966 crore
8. Hindalco misses estimates in Q3
9. Jewellery brand major Faberge debuts in India
10. NMDC Q3 net profit up 41% to Rs 595 crore on firm iron ore prices
11. Ruchi Soya Industries Ltd has signed an agreement with Baba Ramdev-promoted Patanjali Ayurved Ltd for physical refining and packagg of edible oils.
12. Reliance Defence signs agreement to maintain US Navy's 7th Fleet ships
13.NMDC Q3 net profit up 41% to Rs 595 crore on firm iron ore prices

Results Today: AB Nuvo, Adani Ent, Adani Ports, Advenymes, Amtek Auto, Apollo Hospital, Ashapura Mine, Ashiana Housing, Bannari Amman Sugars, Bhartiya International, BRFL, Brooks, Claris Lifesci,Concord, Cosco, Cox 7 Kings, Datamatics, DB Realty, DCW, DecnGold, Dhan Bank, DLF, Essar Shipping, EssDee, Expp Gas, FAG Bearing, FilaTex, FinCables, Fortis, Gayatri Projects, Genesys International, Godrej Ind,Graphite India, Greaves Cotton, GT Offshore, Gufic Biosci, HDIL, IndiaGlyco, ITDC, JKIL, Kalpataru, KDDL, KRBL, Kserasera, Liberty Shoe, Lokesh Machines,Lovable, Lyka Labs, Madhucon Project, Mawana Sugar, MOIL, MTEducare, MTNL, Natco Pharma, Nitco Ltd, Nitin Spinners, PC Jewellers, PFocus, Phoenix Mills, PIInd, Prism Cement, REC Ltd, Rolta, Shirpur Gold, Solar Inds, S P Apparels, SpiceJet, STC India, Sun Pharma, Surya Rosni, Talbros, Tata Motors, TexRail, Thirusugar, ThomasCook, TIIL, Trre House, Trigyn, Valecha Eng, VEDL, VIP Ind, Vivimed Lab, Voltas, Wim Plast, Zodiac Clothing, BSE Ltd.

GLOBAL MARKET & INTERNATIONAL DATA UPDATE

Global Markets:

• US equity indexes hit record highs on Monday, with the benchmark S&P 500's market value topping USD 20 trillion as investors bet tax cuts promised by President Donald Trump would boost the economy.
• Trump has also held high-profile meetings with senior executives from automakers and Silicon Valley technology companies.
• The Dow Jones Industrial Average rose 0.7 percent to end at 20,412.16 points.

Currency Subject Forecast Previous
INR WPI Inflation January 3.89% 3.39%
EUR German GDP Q4 0.55 0.2%
GBP CPI January 1.9% 1.6%
EUR German ZEW Eco. Sentiment 15.0 16.6
USD PPI MoM January 0.3% 0.3%
USD Fed Chair Yellen Testifies

SECTOR UPDATE - INVESTOR EYE

Va Tech Wabag

Reco: Buy
TGT: Rs.650
Outlook trajectory positive; reiteration of guidance reflects earnings uptick CMP: Rs490

Bank of Baroda

Reco: Buy
TGT: Rs.200
Evenly balanced asset quality performance; outlook positive CMP: Rs168

Crompton Greaves

Reco: Hold
TGT: Rs.70
Domestic business bounces back but overseas performance is still a drag; retain Hold CMP: Rs67

PTC India

Reco: Hold
TGT: Rs.90
Strong outlook for volume to drive earnings; maintain PT with Hold rating CMP: Rs86

Corporation Bank

Reco: Reduce
TGT: Rs.30
Asset quality concerns persist; outlook uncertain CMP: Rs50

VIEW POINT - INVESTOR EYE

Balrampur Chini Mills

View: Positive
Robust performance in 9MFY2017; retain positive stance with 15% upside CMP: Rs154

Minda Industries

View: Positive
Strong performance to continue; retain positive view CMP: Rs373

10/02/2017

Indian markets are likely to open on positive note following global market. Today will be the busiest day as 464 companied due to announce their result. Investor will be keenly waiting for Industrial Production and manufacturing output data due later in the day. The resistance for Nifty is at 8900 level with the support level of 8715 mark.

Nifty Spot Levels
Support 8715 – 8670 – 8600
Resistance 8821 – 8860 - 8900

Short Term Trend
Index Target Trend Reversal Support/Resistance
Nifty 8900 Up Down below 8670 8670 / 8900

Medium Term Trend
Index Target Trend Reversal Support/Resistance
Nifty 8900 Up Down below 8530 8530 / 8900

Bank Nifty Spot Levels
Support 20000 – 19915 – 19794
Resistance 20462 – 20575 - 20650

STOCKS FOR THE DAY AND ACTION

Power Grid Power Grid Corp posted a 20% jump in standalone net profit at Rs 1,930.02 crore for the third quarter ended December 31, 2016, on the back of higher income.

Action to be taken Initiation Range Stop oss Target
Buy 202 199 207-208

Insecticides India Insecticides (India) has reported a more than five-fold jump in profit at Rs 5.38 crore for the quarter to December. Its net profit stood at Rs 1.02 crore in the year-ago period.

Action to be taken Initiation Range Stop Loss Target
Buy 566-567 561 589

*Stock mentioned above are in Sharekhan research coverage. We also like these Stocks for short-term.

DERIVATIVES DATA UPDATE

Nifty PCR: 1.12 Nifty Implied Volatility: 13.24
Market wide open interest: Rs.3,30,939 Cr. and Rs.18,513 Cr. added in OI
Nifty Call : Added 4.06 lakh shares Nifty Put : Added 15.47 lakh shares
Major OI Gainers UNIONBANK (44%), PAGEIND (26%), BEML (20%), TORNTPHARMA (19%) and BANKINDIA (15%)
Major OI Losers DCBBANK (-23%), INFRATEL (-11%), SOUTHBANK (-11%), SUNTV (-9%) and HDIL (-7%)
Stock in Ban CEAT LTD, CENTURY TEX, HDIL, I B REALEST, JINDAL STEEL, JP ASSOCIATES, ORIENT BANK, RCOM, SUN TV, WOCKHARDT

Most active index call option
Strike Curr. IV Pre. IV Curr. OI % Chg. OI % Chg. IV
8800 C 10.71% 11.17% 4838325 14.19% -4.17%
8900 C 10.48% 10.94% 4021425 -8.17% -4.24%
9000 C 10.51% 10.89% 6327450 1.15% -3.46%
8700 C 10.99% 11.27% 3008250 -2.47% -2.51%
9100 C 10.71% 10.93% 2919450 -0.21% -2.03%
Average IV 10.68% 11.04% - - -3.28%
Most active index Put option
Strike Curr. IV Pre. IV Curr. OI % Chg. OI % Chg. IV
8700 P 12.00% 12.11% 4380375 5.67% -0.91%
8600 P 13.03% 13.04% 4435875 -0.17% -0.04%
8800 P 11.05% 11.36% 3335925 26.20% -2.76%
8500 P 14.26% 14.10% 6074175 -3.03% 1.11%
8400 P 15.64% 15.49% 4289550 -2.76% 0.99%
Average IV 13.20% 13.22% - - -0.18%

FII DATA

Prov FII Figure (Rs. in Cr)
Cash Derivative
FII DII Index Fut Index Opt Stock Fut Stock Opt
Buy Sell Net Buy Sell Net
4787.57 4425.94 356.63 1898.95 2278.58 -379.63 600 1373 -165 150

STOCK IN NEWS

1. India hands over Mallya extradition request to Britain
2. Murthy speaks out, says corporate governance fallen at Infosys
3. Sebi ready for change in start-up listing norms
4. Tata Steel agrees to sell speciality steel business
5. Sundaram-Clayton unveils plan; announces US factory
6. NSE pulls plug on power exchange ahead of IPO
7. Cairn India Q3 net profit soars multi-fold to Rs 604 cr
8. SBI associate banks narrow losses to Rs 787 cr in Q3
9. Welspun India, Cotton Egypt Asso forge marketing tie-up
10. Kumar Mangalam Birla may head telco created by Vodafone-Idea merger
11. Indian Hotels to exit Vivanta and Gateway brands, bring hotels under Taj fold
12. AirAsia India hasn’t violated foreign control rules: DGCA
13. Boost to Reliance Jio free offer; TRAI may free up call tariffs from interconnect charge
14. Damani’s D-Mart to hit market with Rs 1,870 cr IPO

Result today : ADF Foods, Alpha Geo, Ansal Hsg, Aries Agro, Balkrishna Ind, Bank Baroda, BBTC< BEML, Banswras, Berger Paint, Bhushan Stl, Bosch Ltd, Camlin Fin Sci, CESC, Chambal Fert, Corp Bank, Crompton Greaves, Deepak Fert, Dena Bank, Dhampur Sugar, Dredge Corp, Enginers India, Eros Media, FCL, Gail, Hercules, HindCopper, HindZinc, Hitech Gear, Hotel Leela, Ipca Lab, Jagran, JB Chem Pharma, JBF India, Jindal Phot, JinDrill, Jindal Worldwide, JP Ass, Kothari Product, Kwality Ltd, Lloyd Steel, M&M, MahSeamles, Maithan Alloy, MFSL, Mold-Tek Packaginig, Monte carlo, NDTV, Pokarna, Punjab Chem, Radico, Rama Steel, RCF, Rel Cap. RSWM, RubFila, Rupa, Sakhti Sugar, Welcorp, Tata Power, Techno Electric, Tide Water, TNPL, TVS Elect, Uttam Sugar, SRF, Star Paper, Sudarshan Chem, Sun TV, Suzlon, Symphony, SML Isuzu, Sona Steer, SBIN, Sequent

GLOBAL MARKET & INTERNATIONAL DATA UPDATE

• Wall Street's three main indexes surged to fresh record highs on Thursday after President Donald Trump said he would make a major tax announcement in a few weeks.
• "Lowering the overall tax burden on American business is big league," Trump said during a White House meeting with airline industry executives. He gave no indication of what the announcement might entail.
• The Dow Jones Industrial Average rose 118.06 points, or 0.59 percent, to 20,172.4. Currency Subject Forecast Previous
EUR French Non-Farm Payrolls (QoQ) 0.3% 0.3%
GBP Industrial Production (MoM) (Dec) 0.2% 2.1%
GBP Manufacturing Production (MoM) (Dec) 0.5% 1.3%
INR FX Reserves, USD 361.56B
INR Industrial Production (YoY) (Dec) 1.1% 5.7%
INR Manufacturing Output (MoM) (Dec) 5.5%
USD Michigan Consumer Expectations (Feb) 89.0 90.3
USD Michigan Consumer Sentiment (Feb) 97.9 98.5
USD U S Baker Hughes Oil Rig Count 583
USD Federal Budget Balance (Jan) 40.0B -28.0B

STOCK UPDATE - INVESTOR EYE

Hero MotoCorp
Reco Buy
CMP 3264
Price Target 3670
On a recovery path; maintain Buy with a revised price target of Rs3,670

Cipla
Reco Hold
CMP 587
Price Target 610
Steady performance with a positive outlook; Maintain Hold with unchanged PT of Rs610

Lupin
Reco Hold
CMP 1495
Price Target 1625
Profit misses estimate on account of higher tax; Retain Hold, but cut PT to Rs1,625

Thermax
Reco Hold
CMP 860
Price Target 925
Amid a challenging environment retain Hold rating; price target revised to Rs925

Ratnamani Metals & Tubes
Reco Hold
CMP 688
Price Target 770
Strong performance, improved outlook; maintain Hold with revised PT of Rs770

Gateway Distriparks
Reco Hold
CMP 272
Price Target 290
Rail and Cold Chain verticals affect earnings; Retain Hold with a revised PT of Rs290

Bank of India
Reco Hold
CMP 137
Price Target 145
Though asset quality improves marginally, concerns still persist

Union Bank of India
Reco Hold
CMP 154
Price Target 170
Continues to struggle on asset quality front

Skipper
Reco Buy
CMP 154
Price Target 205
Near-term challenges, long-term outlook intact; price target revised to Rs205

VIEW POINT - INVESTOR EYE

Insecticides India
View Positive
CMP 563
Profitability improves due to operational efficiency; reiterate positive stance with 20% upside

KM Sugar Mills
View Positive
CMP 34
Stellar operating performance in Q3FY2017; Re-iterate positive stance

Address

Shop NO. 3, Purnima Appartment, Sai Nagar Ground, Vasai (W)
Thane

Telephone

+919321176215

Website

http://sharekhanltd-vasai.blogspot.in/

Alerts

Be the first to know and let us send you an email when Sharekhan Ltd - Vasai posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Sharekhan Ltd - Vasai:

Sharekhan Ltd - Vasai