Emkay Trading Today Trading Today Your success is our success Equity Advisory September 02, 2010 Indices Indices Today s close % chg Sensex 18,205 1.31 Nifty 5,471 1.29 S&P CNX 500 4,603 1.46 BSE 500 7,394 1.43 BSE Mid-Cap 7,723 1.67 BSE Small-Cap 9,712 1.81 BSE Auto 8,838 0.28 BSE Health 5,583 0.71 BSE FMCG 3,425 1.19 BSE IT 5,483 2.00 BSE PSU 9,799 1.64 BSE Bankex 12,351 1.32 BSE Oil & Gas 10,072 1.53 BSE Metal 15,429 3.02 BSE Cons Dur 5,756 1.54 BSE Cap Good 14,663 0.95 BSE Realty 15,429 3.02 BSE Power 3,062 0.99 > From Our Technical Desk > From The Dealing Desk > Statistical Data From Our Technical Desk Last hour surge Nifty witnessed huge buying interest in the last one hour of trade and thus closed the session above 5,450-level. Even the market breadth was strong throughout the session on account of good buying interest in frontline stocks. It was just a pullback rally for the markets after it tested the support of 50-daily simple moving average yesterday. So the view still remains bearish with reversal of 5550. Relative Strength Index (53.9888) 70 65 60 55 50 45 40 35 30 Levels to Watch Sensex Nifty Day's High 18,227 5,478 Day's Low 18,027 5,403 21 EDMA 18,130 5,448 55 EDMA 17,913 5,380 - NSE50 [NIFTY] (5,403.05, 5,478.60, 5,403.05, 5,473.50, +73.8501) 5600 5550 5500 5450 5400 5350 5300 5250 5200 5150 5100 Trend Tracker Up/ Sensex/ Sensex/ Down Nifty Nifty Target Reversal 5050 5000 4950 4900 4850 ST MT ST: 0-14 days. MT: 14-45 Days. - - - 16,200/4,900 18,500/5,550 15 22 29 5 April 12 19 26 3 10 17 24 31 7 May June 14 21 28 5 July 12 19 26 2 9 August 16 23 30 6 13 September 4800 4750 Nifty Intraday Levels to Watch Support Resistance Nifty 5,450/5,430 5,500/5,513 Equity Advisory Desk Tel.: 022 66121245 Emkay Global Financial Services Ltd. Emkay Equity Advisory September 02, 2010 1
Sectoral Speak BSE Metal Buying was witnessed in BSE Metal index and it broke the 200DEMA and finally closed at 15429 with a gain of 3.02%. Going forward this index has resistance at 15595 and in the coming days if this index starts trading above the mention level then we will witness further upside in this index. * BSE METAL IN D E X (15,093.73, 15,449.79, 15,077.21, 15,429.53, +452.030) 19500 19000 18500 18000 17500 17000 16500 16000 15500 15000 14500 14000 13500 2010 February M arch April M ay June July August September Technical Recommendations EPT Calls Date Stocks Action Reco. Price Stop- Loss Target CMP % Chg Comment 09-Aug-10 Gati Buy 82.50 68.70 100/114 73.00-11.52% 16-Aug-10 GMR Infra Sell 61.00 58.10 56/51 57.25 6.55% 28-Aug-10 DLF Sell 316.00 314.00 286/256 311.90 1.31% Stop-loss trail EMT Calls Date Stocks Action Reco. Price Stop- Loss Target CMP % Chg Comment 18-Aug-10 M&M Sell 612.45 631.60 592/571 635.00-3.55% Stop-loss triggered 26-Aug-10 Gtlinfra Buy 46.50 44.60 48.60/50 45.75-1.61% 27-Aug-10 Hindalco Buy 166.65 160.00 174/180 174.40 4.65% 27-Aug-10 Sail Buy 188.30 184.00 195/200 188.20-0.05% 30-Aug-10 Power Grid Buy 107.85 104.00 112/115 108.00 0.14% 30-Aug-10 Bharat Forge Sell 350.00 364.00 335/321 356.00-1.69% 31-Aug-10 Tatasteel Sell 517.00 539.00 491/472 538.00-3.90% Exit 01-Sep-10 Maruti Buy 1,271.00 1,221.00 1,325/1,375 1,265.30-0.45% 01-Sep-10 Mphasis Buy 632.60 610.30 660/670 626.00-1.04% 01-Sep-10 Ster Buy 155.00 149.50 162/167 157.00 1.29% 01-Sep-10 Cairn Buy 338.50 328.00 350/355 339.70 0.35% 01-Sep-10 Sesagoa Buy 323.00 313.50 335/345 326.50 1.08% Emkay Equity Advisory September 02, 2010 2
Pivot Table Name Daily Close S2 S1 PP R1 R2 ABB 781.00 772.07 776.53 780.77 785.23 789.47 ACC 885.40 862.33 873.87 881.53 893.07 900.73 AMBUJACEM 123.30 120.63 121.97 124.38 125.72 128.13 AXISBANK 1,351.35 1,318.65 1,335.00 1,347.00 1,363.35 1,375.35 BHARTIARTL 336.95 324.18 330.57 335.18 341.57 346.18 BHEL 2,423.55 2,391.88 2,407.72 2,418.83 2,434.67 2,445.78 BPCL 779.00 753.07 766.03 775.97 788.93 798.87 CAIRN 339.70 326.03 332.87 338.43 345.27 350.83 CIPLA 305.55 301.92 303.73 305.07 306.88 308.22 DLF 311.90 300.03 305.97 308.98 314.92 317.93 GAIL 469.50 459.97 464.73 468.97 473.73 477.97 HCLTECH 387.50 372.57 380.03 384.27 391.73 395.97 HDFC 622.05 612.18 617.12 625.93 630.87 639.68 HDFCBANK 2,151.00 2,107.00 2,129.00 2,142.00 2,164.00 2,177.00 HEROHONDA 1,761.00 1,700.70 1,730.85 1,770.15 1,800.30 1,839.60 HINDALCO 174.40 163.57 168.98 171.92 177.33 180.27 HINDUNILVR 267.00 262.77 264.88 266.12 268.23 269.47 ICICIBANK 998.05 971.35 984.70 993.70 1,007.05 1,016.05 IDEA 71.90 70.43 71.17 71.83 72.57 73.23 IDFC 181.65 177.28 179.47 180.68 182.87 184.08 INFOSYSTCH 2,770.00 2,678.00 2,724.00 2,754.25 2,800.25 2,830.50 ITC 163.15 160.58 161.87 163.08 164.37 165.58 JINDALSTEL 698.00 681.23 689.62 694.43 702.82 707.63 JPASSOCIAT 110.05 106.48 108.27 109.38 111.17 112.28 KOTAKBANK 828.10 806.00 817.05 826.35 837.40 846.70 LT 1,837.00 1,789.67 1,813.33 1,825.67 1,849.33 1,861.67 M&M 627.90 618.30 623.10 630.00 634.80 641.70 MARUTI 1,265.30 1,250.33 1,257.82 1,269.48 1,276.97 1,288.63 NTPC 197.60 194.47 196.03 196.97 198.53 199.47 ONGC 1,335.90 1,318.57 1,327.23 1,340.97 1,349.63 1,363.37 PNB 1,200.00 1,162.53 1,181.27 1,194.98 1,213.72 1,227.43 POWERGRID 108.00 105.93 106.97 108.33 109.37 110.73 RANBAXY 499.40 485.60 492.50 496.25 503.15 506.90 RCOM 164.50 153.57 159.03 161.97 167.43 170.37 RELCAPITAL 768.10 747.47 757.78 763.32 773.63 779.17 RELIANCE 940.70 912.37 926.53 935.17 949.33 957.97 RELINFRA 1,028.00 976.33 1,002.17 1,016.53 1,042.37 1,056.73 RPOWER 155.80 150.47 153.13 154.52 157.18 158.57 SAIL 188.20 183.97 186.08 187.67 189.78 191.37 SBIN 2,772.00 2,716.13 2,744.07 2,765.18 2,793.12 2,814.23 SIEMENS 694.00 677.33 685.67 691.83 700.17 706.33 STER 157.00 150.27 153.63 155.57 158.93 160.87 SUNPHARMA 1,757.00 1,731.00 1,744.00 1,753.00 1,766.00 1,775.00 SUZLON 46.70 45.53 46.12 46.53 47.12 47.53 TATAMOTORS 1,012.60 995.40 1,004.00 1,011.75 1,020.35 1,028.10 TATAPOWER 1,232.10 1,205.40 1,218.75 1,233.70 1,247.05 1,262.00 TATASTEEL 538.90 521.23 530.07 534.53 543.37 547.83 TCS 856.05 831.35 843.70 852.35 864.70 873.35 UNITECH 80.50 76.97 78.73 79.67 81.43 82.37 WIPRO 402.85 396.15 399.50 402.00 405.35 407.85 Emkay Equity Advisory September 02, 2010 3
From The Dealing Desk Trading Ideas Remain stock specific from current levels. Trading ideas which we like are SKS Micro (Target Rs1,340), Spice Jet (Target Rs80), Kale Consultant (Target Rs160) and Wel Corp (Target Rs260). Traders maintain stop loss accordingly. Investment Ideas Strategy should be to accumulate investment idea like Motherson Sumi. Motherson Sumi: CMP @ Rs183 Results above expectation driven by better than expected topline. Tax rate @ 40% in the due to higher deferred tax post FCCB conversion Adverse currency movement affects 1QFY11 performance. Currency risks are largely translational as it has arrangement with OEMs for the currency swings, Impact visible with a lag Demand outlook remains strong across geographies and across segments. Expect model launch activity to pick up Upgrade FY11 EPS by 5.3% to Rs 9.9 and FY12 EPS by 11% to Rs 13.5. Upgrade TP to Rs 205 (from Rs 185). Maintain BUY rating Emkay Equity Advisory September 02, 2010 4
Statistical Data Derivatives Update 31-Aug-2010 01-Sep-2010 Changes OI Value cr. OI Value cr. OI Value cr. NIFTY Sep 3,22,80,700 17,428 3,28,15,500 17,972 5,34,800 544 NIFTY Oct 14,98,950 810 16,25,750 891 1,26,800 82 NIFTY Nov 48,150 26 73,800 40 25,650 14 MINIFTY Sep 9,56,280 516 10,58,120 580 1,01,840 63 BANKNIFTY Sep 23,78,000 2,553 23,35,225 2,544-42,775-8 BANKNIFTY Oct 46,000 49 51,650 56 5,650 7 CNX IT Sep 22,150 13 24,000 15 1,850 1 NFTYMCAP50 Sep 0 0 0 0 0 0 Index Future Total 21,396 22,099 703 Stock Future Aug 42,779 44,058 1,279 Stock Future Sep 798 1,058 260 Stock Future Total 43,577 45,116 1,539 Over All OI 64,972 67,215 2,242 Nifty Near Month Future Disc to Cash was avg. 4-6 pts. Market Turn Over was good to Rs. 110,700 cr. (BSE + NSE + NSE F&O) Advance Decline Ratio Advances Declines Unchanged Ratio 2,203 749 112 2.94:1 Sector updates Sectors Metal Realty Teck IT % Change +3.02% +2.98% +2.25% +2.00% Exchange Volumes Exchange BSE Cash NSE Cash NSE F&O 01-Sep-10 5,160.03 13,399.23 92,165.88 Total 1,10,725.14 Implied Volatility for ATM Options Call Put 31-Aug 01-Sep 31-Aug 01-Sep 17.05 14.95 18.00 15.40 Put Call Ratio for (Open Interest) 31-Aug 01-Sep Nifty Aug 1.65 1.59 All Expiry 1.47 1.41 FII - MF Activity as on 01-Sep-10 (Prov) FII (Cr) DII (Cr) Cash 360 169 F&O 683 - Net 1,043 169 FII Ind Fut 667 - Ind Options -239 - Stock Fut 260 - Stk Options -6 - World Markets Indices Current Net Change % Change Dow Jones 10,269.47 254.75 2.54% S & P 500 1,080.29 30.96 2.95% Nasdaq 2,176.84 62.81 2.97% FTSE 5,366.41 141.19 2.70% CAC 3,623.84 133.05 3.81% DAX 6,083.90 158.68 2.68% Hang Seng* 20,864.40 240.57 1.17% * Indices at 7:45 AM Currency Forex Current Net Change % Change US Dollar* 46.81-0.26-0.56% * Current levels at that point of time Emkay Equity Advisory September 02, 2010 5
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