daily stock market report & recommendation for 18-apr-2016
TRANSCRIPT
www.capitalheight.com
DailyNewsletter - Equity
18-Apr-2016
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Market Wrap INDIAN MARKET OVERVIEW
The market surged nearly 2 percent on Wednesday following global rally, strong monsoon
forecast, better than expected economic data and ahead of Infosys Q4 earning. Nifty future
up by 135 point at 7867.
The BSE Sensexrose 481points and closed at 25626. Market breath was strong as about
1601 shares advance while 1092shares declined.
State-run power equipment maker BHEL rose nearly 5 percent. CLSA has maintained
outperform rating on the stock as it believes the state-run power equipment maker will be
biggest beneficiary of a likely pickup in India’s power capex cycle.
Engineering & construction major Larsen and Toubro was up 1 percent after its IT software
subsidiary L&T Infotech filed fresh IPO papers with capital market regulator SEBI.
GLOBAL MARKET OVERVIEW
Asian stocks were subdued on Friday as caution over a weekend meeting of oil producers
tempered risk sentiment, while the region's markets took China's relatively upbeat GDP
data in stride.
Japan's Nikkei was down 0.3 percent, while Australian shared edged up 0.4 percent.
Shanghai lost 0.4 percent, while South Korea's Kospi inched down 0.1 percent. Other
modest gainers included Malaysian and Indonesian stocks.
Wall Street was little changed on Thursday after two days of solid gains as investors
digested the latest round of big bank earnings and financial shares kept bouncing back.
The The Dow Jones industrial average rose 18.15 points to 1726, the S&P 500 gained 0.36
points to 2082 and the Nasdaq Composite dipped 1.53 points to 4945.
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Technical Outlook
Nifty Technical Overview:
Nifty futures opened with strong positive note and witnessed bullish movement for the entire day and
closed on higher note. Market opened around
7800 but could not test the level of 7900 and
closed above 7850. Nifty future has major
support level of 7820 for the coming session if it
sustain above this level then it is expected to
show upside movement on Monday.
Nifty R2 R1 Pivot S1 S2
7952 7909 7850 7807 7748
Strategy Buy on dips
Bank Nifty Technical Overview:
Bank Nifty futures opened gap up and witnessed bullish movement for the entire day and closed
positively. Market opened around 16100and
broke major resistance level of 16400 and
closed at 16304.Bank Nifty future is at major
resistance level but if it sustain above 16150
and break 16420 then upside movement is
expected in coming session.
Nifty R2 R1 Pivot S1 S2
16608 16470 16277 16139 15946
Strategy Buy on dips
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Market Statistics Index PE
Index PE 13 Apr2016
Nifty 21.56
Sensex 19.37
Nifty Gainers/Losers
Symbol Close Price % Change Symbol Close Price % Change
M&M 1,331.00 7.34 ZEEL 402.30 -0.84
ICICIBANK 240.25 5.03 INFY 1,176.00 -0.52
MARUTI 3,744.00 4.77 HCLTECH 836.00 -0.43
BHEL 133.20 4.63 ADANIPORTS 233.00 -0.26
BAJAJ-AUTO 2,570.10 4.49 BOSCHLTD 19,950.00 -0.11
FII & DII Trading Activity(In Crores)
CATEGORY DATE BUY VALUE SELL VALUE NET VALUE
FII 13 Apr 2016 4923.76 4279.49 644.27
DII 13 Apr 2016 2519.32 2249.43 269.89
Other Information
Securities in Ban -
Ex-Dividends -
Board Meeting Shreejal Info, HOEC, LIC Housing Finance
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Macro Economic Data
Economic Data Current Previous
Repo Rate 6.50% 7.75%
Reverse Repo Rate 6.00% 5.75%
Cash Reserve Ratio (CRR) 4.00% 4.00%
Statutory Reserve Ratio (SLR) 21.50% 21.50%
Index of Industrial Production (IIP) M-O-M 6.40% 4.10%
Gross Domestic Production (GDP) Y-O-Y 7.40% 7.00%
Wholesale Price Index (WPI) M-O-M - (4.54%) - (4.95%)
Consumer price Index (CPI) M-O-M 4.41% 3.66%
Today’s Stock Recommendation
Technical Overview:
Stock recommendation for 18/4/2016 is SRF (Shri Ram Fibres Limited). The stock has given strong
break out above last month’s closing i.e 1334. It declined to its 21 day EMA in the first week of April
and pull backed from its support, now registered a strong weekly closing at 1374. The stock is now
heading towards its life time high of 1498.85 made in August 2015. Buy SRF for the target of 1430-
1500 with the stop loss below 1240.
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