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Monday, 09th

March 2020

Index Levels: Market Trend (Nifty):

INDEX SUPPORTS RESISTANCES

Period Current

Trend

Trend Reversal Point

(TRP) 27Nifty on close

basis

NIFTY (10979.55)

10825 / 10600 10340 / 10000

11130 / 11245 11400 / 11500

Short Term Trend* DOWN UP ABOVE 11500

SENSEX (37576.62)

37380 / 37000 36000

38400 / 38900 39100

Medium Term* DOWN UP ABOVE 11800

ITE-35*

(14745.13) ------------- -------- Long Term Trend* UP DOWN BELOW 10600

*As on 06th

Mar 2020 (*Trend Reversal Point (TRP) is based on close prices.)

Imtiaz Merchant’s Best Picks Indices

COMPANY

NAME SIZE SECTOR

CURRENT

PRICE

Domestic Indices

Close As on 28

th Feb

Close As on 06

th Mar

Points % Chg

IPCA MID CAP HEALTHCARE 1444 BSE Sensex 38297.29 37576.62 -720.67 -1.91%

PIDILITE LARGE CAP INDUSTRIAL 1654 Nifty 11219.20 10979.55 -239.65 -2.18%

DIVIS LAB LARGE CAP HEALTHCARE 2240 ITE Shariah 35*

14644.13 14745.13 101.00 0.68%

S&PCNX 500 Shariah

2919.21 2947.08 27.87 0.95%

Note: (Buying is suggested from a medium to

long term perspective only)

Dollar/Rupee 72.18 73.74 1.56 2.16%

*Weekly Yield

MARKET BRIEF- On the back drop of corona virus threat the markets world over collapsed in

anticipation of a slowdown in the economy or perhaps recession, other than this Indian Markets fell

further on the news of Yes Bank being in crisis, on-going protest on CAA and policy paralysis

instrumented the economic crunch, now going forward unless things improve the markets will drift

down or in the best case may remain in a range. Investors can nevertheless use declines to buy for long

term from the sectors like consumer, speciality chemicals, pharmaceuticals and selected stocks from

information technology. This is not very good time in the market but certainly a good portfolio

restructuring time. Since good stocks are available at a decent price.

TECHNICAL–Technically the markets look weak and vulnerable for more falls, below the low

of 10825 registered on Friday markets will fall further to test 10600 the low of September 19,

2019 and a close below 10600 will be catastrophic and 10000 can be on cards, however if 10800

is held than the nifty would test 11400 at best hence the short term range would be 10800-

11400. In better case scenario market would test 11550 the gap with which it fell. And in the

best case the nifty would test 11700 but that looks little far fetch.

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Global Indices Close Points % Chg

Dow Jones* 26121.28 -969.58 -3.58%

NASDAQ* 8738.60 -279.49 -3.10%

FTSE* 6705.43 -110.16 -1.62%

Nikkei 20749.75 -579.37 -2.72%

Hang Sang 26146.67 -621.20 -2.32%

Straits Times 2960.98 -57.29 -1.90% #as on 06th Mar 2020

FII* Foreign institutional investor DII** Domestic institutional invest ITE – 211** Shariah Top Gainers & Losers

# % = 3 months Return

Advance/

Decline

Advance Decline AD

Ratio

Un-

Changed

BSE 502 1960 0.26:1 120

NSE 274 1417 0.19:1 58

Shariah Universe*** 179 687 0.26:1 15

Institutional

Activity

Buy Sell Net

(Cr)

FII* 6745.54 10340.38 -3594.84

DII** 6861.39 4317.61 2543.78

Gainers Losers

Stocks % Stocks %

Avanti Feeds Ltd. 56% Sterling and Wilson Solar Ltd. -50%

Essel Propack Ltd. 53% Century Textiles & Industries Ltd. -47%

Vakrangee Ltd. 48% Interglobe Aviation Ltd. -29%

Polycab India Ltd. 45% Sterlite Technologies Ltd. -27%

Adani Enterprises Ltd. 43%

Aurobindo Pharma Ltd. -21%

NMDC Ltd. 43% TeamLease Services Ltd. -17%

Motherson Sumi Systems Ltd. 42% ABB India Ltd. -15%

Navin Fluorine International Ltd. 40%

Oracle Financial Services Software Ltd. -13%

Narayana Hrudayalaya Ltd. 37% Marico Ltd. -13%

APL Apollo Tubes Ltd. 35%

Hexaware Technologies Ltd. -12%

News: YES Bank resolution will be swift, 30 days is an

outer limit: RBI governor Defending the timing of YES Bank's moratorium, Reserve Bank of India (RBI) governor Shaktikanta Das on Friday assured swift resolution to the issues concerning the beleaguered lender. “The resolution will be done very swiftly, it will be done very fast. 30 days which we have given is the outer limit. You will see a very swift action from RBI,” told reporters after ASSOCHAM's 15th annual banking summit. "The decision is taken at a larger level, not at individual entity level, the move is aimed at ensuring safety of financial system," he added. On the timing of the action on YES Bank, Das said there is always debate over RBI acting prematurely or taking too long to act. “A market-led and bank-led resolution of the problem is always preferable. You have to give time to the bank management to take step and efforts. And the bank did take efforts. When we found that we cannot wait and should not wait any longer, we decided to intervene," Das added. YES Bank was on Thursday placed under a moratorium, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board. The bank will not be able to grant or renew any loan or advance, make any investment, incur any liability or agree to disburse any payment. The RBI governor also said that the impact of Covid-19 on India will be limited, but cautioned that certain sectors which depend on China will be impacted due to the epidemic and the mitigatory steps are being taken. "Impact on India will be limited as the economy is not too integrated with global value chain; and to that extent, we will be insulated," he said. The RBI governor added that global growth may slow down as Covid-19 spreads rapidly. Das expressed confidence that all central banks will be resolved to work in close coordination. The governor stated that RBI stands ready to intervene in whatever way required to respond to epidemic challenges. The coronavirus (Covid-19) outbreak has now spread to more than 78 countries — from South Korea to Italy, Iran, Japan and the United States. At least 11 people have died of Covid-19 in the US while UK reported its first death. A total of 97,873 cases have been reported worldwide and 3,382 people have died of the virus. However, according to reports of the total cases 54,121 cases have recovered from the infection. India's confirmed cases have risen to 30. Prime Minister Modi deferred his Brussels visit scheduled for the end of this month while India and EU also postponed meet. Separately, 1,252 patients who arrived from affected countries in Kolkata have been quarantined.

*source: Business Standard

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BSE Top Gainers & Losers ITE – 35* Shariah Top Gainers & Losers

#as on 06th Mar 2020 # % = 3 months Return

Stock Universe for January To March 2019

Compliant Status No. of Companies

Percentage of Total Companies

Total Market Cap

Percentage of Total Market Cap

Shariah Compliant Stocks 1125 29.17 8,416,492.28 57.40

Ratio Based Shariah Non –Compliant 1769 45.86 1,683,147.87 11.48

Industry Based Non- Compliant 961 24.92 4,562,706.71 31.12

Total Traded Stocks 3857 99.95 14,662,346.86 100.00

#as on 06th

Mar 2020

*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.

Gainers Losers

Stocks % Stocks %

Eicher Motors Ltd. 28% Larsen & Toubro Ltd. -12%

Reliance Industries Ltd. 16%

Hindustan Petroleum Corp Ltd. -11%

Cipla Ltd. 13% Infosys Ltd. -9%

Divis Laboratories Ltd. 11% Havells India Ltd. -9%

Gainers Losers

Stocks % Stocks %

ORIENTBANK 2.76% MFSL -13.79%

ABBOTINDIA 4.91% SREINFRA -11.70%

BLISSGVS 9.07% CORPBANK -19.95%

KRBL 4.95% ALBK -17.21%

‘Markets are directionally efficient, meaning that today’s price reflects

what is currently known about the future direction of the markets.’