Sharekhan Pre Market Action 11th Sep 2014

8/10/2019 Sharekhan Pre Market Action 11th Sep 2014

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Sharekhan Premarket Action

11th Sep 2014

ActionableIdeas: Long/Short Ideas identified on basis of Fundamental Trigger/News/Events

Watch List: List of stocks identified for trading with positive and negative bias for the day

News/Updates:

Important News & Events (Both Domestic & global) to keep you updated on allthe happenings in markets.

Index Ideas: Nifty and Banknifty view for the day.

Currency: View on currencies/ Important news and updates

Commodity: View on Gold/ Silver/Metals


2/31

Actionable Ideas


3/31

Cox & Kings (CMP 300)

Cox & Kings India is planning to raise about Rs 300-350crore via QIP over the next few weeks. The amount raisedwould be utilised to further reduce debt on the books.

Action to be taken : Long Cox & Kings

Stop Loss: 294 Target : 312 - 315


4/31

Greaves Cotton (CMP 135)

Greaves Cotton has closed and hived off all loss makingunits such as (1) castings capacity (2) the engineeringunit in Germany was sold (3) suspended the operations of

infrastructure division to concentrate on profit makingbusiness. Sentimentally positive for the company.

Action to be taken : Long Greaves Cotton

Stop Loss: 132.8 Target : 140 - 142


5/31

Sun Pharma (CMP 860)

Drug maker Sun Pharma's manufacturing facility inHalol (Gujarat) is undergoing a surprise inspection bythe US Food and Drug Administration (US FDA), it is

learnt. The move may have been triggered by anumber of recent recalls from the plant, sources,familiar with the development, said.

Action to be taken : Short Sun Pharma

Stop Loss: 876 Target : 842 - 835


6/31

Watch List

Stocks With +ve Bias CMP Stocks With -ve Bias CMP

Zee Ltd 293 Apollo Tyre 209.5

Ashok Ley 41.5 HDFC Ltd 1035

.


7/31

News Update

The Union Cabinet on Wednesday cleared a dilution ofthe government's stake in Oil and Natural Gas Corporation(ONGC), Coal India Ltd (CIL) and NHPC Ltd. At current

market valuations, the amount of its holdings the Centrewants to offload in these companies could fetch it asmuch as Rs 45,796 crore - more than the Budget target of

-,

sector undertakings.

IDFC QIP price fixed at around Rs 143.7 per share. As per

media reports IDFC has launched QIP to raise Rs 850-1000 crore.


8/31

News Update

The board of directors of NTPC, countrys largest powerproducer, has approved investment of over Rs.10,000crore for executing two plants.

Investment in Tanda Super Thermal Power Project inUttar Pradesh at an appraised current estimated cost of

. , . ,

regulatory filing.

An appraised current estimated cost of Rs.1,381.84 crore

for the Rammam Hydro Electric Project in West Bengalhas also been approved.


9/31

News Update

SBI has shortlisted nine banks to sell its shares as partof its capital-raising for the year. The bank has, however,not yet decided on whether it will opt for a qualified

institutional placement or a follow-on public issue ofshares. The government currently holds over 58% whichgives SBI the country's largest bank headroom to raise

.


10/31

News Update

Public sector behemoth Indian Oil Corporation (IOC) onWednesday signed a memorandum of understanding(MoU) with Uttar Pradesh government for exploring and

executing piped domestic gas projects in the state.

A joint team would be constituted towards the execution

in Uttar Pradesh.


11/31

Global Update


12/31

Global Indices and newsIndex Close Prev

Close

Change %

Change

Dow

Jones

17068 17014 +54 0.32%

A rebound in Apple shares helpedpush US stocks higher onWednesday, breaking the market'stwo-day string of losses. Severalcompanies that deal in wireless

and cash-less payments rose onWednesday, as well, in the wake of

Apple announcing the Apple Paymobile payment service.

S&P

500

1996 1988 +8 0.36%

FTSE 6830 6829 +1 0.02%

Energy shares were among thebiggest drags for the secondsession this week, followinganother decline in oil prices. U.S.crude futures fell to a 16-monthlow, while Brent fell to a 17-month

low.

Key data to be announced today in USJobless claim.


13/31

Index View


14/31

Technical view Nifty 8094

For todays trading sessions we expect nifty totrade with positive bias

Short Term Target for Nifty is 8310

Crucial support area for Nifty is 8049

Intraday levels:Support 8082 - 8049 Resistance 8132 8230

All levels are spot levels


15/31

Technical view Bank Nifty- 16151

For todays trading sessions we expect BankNifty to trade with positive bias

Crucial Support for Bank Nifty is at 15890

Intraday levels:Support 16053 - 15890 Resistance 16222 - 16500

All levels are spot levels


16/31

Derivative Update


17/31

Futures Activity

Current Previous % change

Nifty 8130.7 8182.2 -0.63%Nifty CoC 11.00% 8.18% 34.44%

Around 6.70 lakh shares were reduced in OI.

- .PCR(OI) 0.96 0.98 -2.04%

INDIA VIX 12.93 12.76 1.33%


18/31

Options Activity

Strike Curr. IV Curr. OI % Chg. OI % Chg. IV

8200 C 11.68% 5760900 5.18% 1.14%8300 C 11.34% 5822800 15.20% 0.00%

Most active index call option

Strike Curr. IV Curr. OI % Chg. OI % Chg. IV

8100 P 12.26% 4118550 -14.09% -1.92%8200 P 11.46% 1680400 -23.01% -1.81%

Most active index Put option


19/31


20/31

Currency Update


21/31

Currency News Updates

BoE Governor Carney states that the Bank Rate will need to

rise earlier inorder to achieve their inflation target of 2%.

Difficult due to the Scotland referendum issue.

BoJ drove short term interest rate below zero as it bought 3month bills for more than their redemption value.

Chinas CPI came in lower than expected at 2.0% vs. 2.2%.

Chinese PPI was also decreased to -1.25 vs. -1.1%


22/31

Currency News Updates

The Indian rupee closed at 60.94/95 vs. a previous

close of 60.60/61.

Most Asian currencies & markets were lower against theUSD yesterday after the San Francisco Fed ReserveBank paper stated that there is a possibility of a raise in

We have the CPI Data tomorrow, expectations for alower number after July data of 7.96%

The USDX is at 84.42 up by 0.03%


23/31

ProductPrvsClose Trend Action Support Resistance

USDINR 61.22 Bearish Sell 60.76 61.64

Technical Overview

EURINR 79.22 Bearish Sell 78.50 79.84

GBPINR 98.72 Bearish Sell 98.06 99.40

JPYINR 57.44 Bearish Sell 57.10 57.76


24/31

Events To Watch Today

German and French CPI.

U.S. Unemployement Claims.


25/31

Commodity Update


26/31


27/31

Base Metals:

The National Bureau of Statistics said PPI saw a bigger decline inAugust (-1.2% y/y) because of falling prices of fuel, coal, steel andcement. The NBS said the numbers show demand for industrialproducts isn't optimistic and prices are under downwards pressure

because of over-capacity.

Product Prvs Close Trend Action Support Resistance

Copper 424.45 Down Sell on Rise 421 428


28/31

Oil & Energy:-

Crude-oil futures ended Wednesday at an eight-month low afterOPEC reduced its expectations for demand of its own oil. Astronger dollar also helped keep prices under pressure, while theweekly U.S. supply report showed crude inventories falling as

much as expected.

Product Prvs Close Trend Action Support Resistance

Crude 5589 Down Sell on Rise 5550 5660


29/31

Events To Watch Today

Time Currency Data Impact

6.00 PM USD Unemployment Claims High

8.00 PM USD Natural Gas Storage Medium


30/31


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DisclaimerThe views expressed herein are solely of the analyst, Any review, retransmission, or any otheruse is prohibited. The information contained herein is from publicly available data or other

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quality, liquidity or market perception on the securities/market, not does it provide any

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Sharekhan Pre Market Action 11th Sep 2014

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Transcript of Sharekhan Pre Market Action 11th Sep 2014