Major Index Symbol Spot Future Basis R1 S1 June. RANK BANKNIFTY 11,235.75-12.26 11,287.65 51.9 11,8 11,4 62.4 62.38.46.3 CNXIT 6,587.15 3.8 6,55.95-36.2 6,75 6,298 76.21 55.88 -.55 -.6 NFTYMCAP5 1,833.2-11.58 1,844.85 11.65 1,925 1,725 58.67.64.7 NIFTY 5,682.35-7.21 5,687.5 4.7 5,92 5,53 47.24 59.16.8.39 9 75 6 45 3 15 BANKNIFTY CNXIT NFTYMCAP5 NIFTY June. 6mth AVG. s in NIFTY futures lower than last month with NIFTY rolls at 47, lower than 6-month average of 59, also in value terms, it is at 7275 Cr. versus 1138 Cr. (NIFTY was down by 7 in last series, number of shares also have decreased to 127 lakh versus 185 lakh shares). On other hand, market wide roll also lower at 74 in value terms 25449 Cr which is more than last month 2862 Cr., (in share terms also decline, along with stocks have lost 5-1 on price chart) leading to overall position of 32724 Cr Vs 41765 Cr. (lower than last month, and also lowest in last six month) in futures positions, however is at.13 which is lower than last month even after adjusting dividend cost is declining, also lower than 6mth. of.46, with NIFTY cost at.8 (which is much lower than.39. of 6 months),as a result Arbitrage trades have seen unwinding. Also, NIFTY/STOCK Fut. ratio has come down to.22 (last month.26), implies market participants have taken bets on individual stocks and not on Index. Nifty front PCR_OI opened at 1.8 above 1 (last month 1.7), highest level at open in last 6 months (stable zones); with 56 PE having highest OI across options as 6 lakh, (19 lakh shares add on Thursday), implying PE writers are convinced NIFTY will find support around 553-56; on resistance side CE OI is at 58 and 59 (37 and 33 lakh shares), implying 585-593 will be crucial resistance zone; Index options positions also has reduced to 56183 Cr (last month 58954 Cr) clearly can be attributed to hedging being reduced positive for market. We feel in short term Nifty trading range would be 553-585, as we enter the JULY Series. Among stock futures lot of sectors have shown mixed sentiment, implying it will be Stock Specific market with in a sector also some stocks are showing more strength than others; some of the sectors that can help Index to gain further in the JULY. Series, all OIL & GAS (heavy weights), FINANCE (HSG. FIN.) and IT should be watched carefully as they have shown C-o-C improve heavy weights. On other hand, sectors which might underperform are CAP.GOODS, AUTO, METALS, BANKING (PVT. Banks may OUTPERFORM) and INFRASTRUCTURE. Page No: 1
Sectors Data Sector June. s 6mth Avg. Automobile 77 77 4 Banking 76 77 3 Capital Goods 81 8 4 Cement 69 75 3 Fertilisers 89 84 4 Finance 77 78 2 FMCG 7 77 3 Infrastructure 92 87 5 Media 77 8 3 Metals 82 8 4 Oil & Gas 74 77 1 Pharma 69 77 3 Power 7 72 3 Realty 8 79 3 Technology 78 75 1 Telecom 69 78 3 Textile 85 87 4 1 9 8 7 6 5 4 3 2 1 Automobile Banking Capital Goods Cement Fertilisers Finance FMCG Infrastructure Media Metals Oil & Gas Pharma Power Realty Technology Telecom Textile June. s 6mnth Avg. Page No: 2
AUTOMOBILE Symbol Spot (M- O-M) JUNE. APOLLOTYRE 56.45 (37.24) 56.45-53 81.48 77.75 -.86 4 ASHOKLEY 19.75 (18.89) 19.3 (.45) 18 85.1 82.82 (2.28).87 5 BAJAJ-AUTO 1,838.2.2 1,796.95 (41.25) 1,95 63.64 74.51 (2.24).48 2 BHARATFORG 219.95 (8.26) 22.35.4 235 95.47 91.35.18.55 2 EXIDEIND 12.2 (13.12) 121.2 1. 11 82.13 69.52.83.69 5 HEROMOTOCO 1,648.45 (5.88) 1,599.8 (48.65) 1,72 75.6 77.86 (2.95) (.7) 2 M&M 933.65 (7.7) 924.95 (8.7) 9 56.73 64.28 (.93).5 3 MARUTI 1,521.2 (7.1) 1,525.85 4.65 1,65 76.53 75.96.31.54 2 MRF 12,524.1 (16.54) 12,623.8 99.7 11,2 75.57 8.8.8.87 5 TATAMOTORS 27.3 (14.75) 272.75 2.45 29 64.55 72.89.91.55 3 TATAMTRDVR 135.1 (21.86) 136..9 142 86.1 76.88.67.74 2 RANK 15 9 75 6 45 3 15 APOLLOTYRE ASHOKLEY BAJAJ-AUTO BHARATFORG EXIDEIND HEROMOTOCO M&M MARUTI MRF TATAMOTORS TATAMTRDVR JUNE. AUTOMOBILE sector in line with 6-month. at 77, above market wide limit of 74. Both Two Wheeler stocks worth watching are: BAJAJAUTO rolls well below. at 64 with better than 6mth. technically, the stock is trying to form a bottom around 178-179 will act as support (2 DMA.), one should accumulate on dips till holds above it, stock to retest levels of 1894-1895 i.e. 2 DMA, any technical correction should be used to enter. HEROMOTO rolls at 75 well above 6-month. (with cost improve), implying long rolls; the stock has closed above 1645-1647 stiff resistance zone, i.e. 5 DMA If holds above 1615, we expect it to test 1745 levels i.e. 2 DMA. all AUTO sector saw majority of counters cost decline, expect the sector to be market under performer and technical rebound should be used to exit, especially Mid Caps. Page No: 3
BANKING Symbol Spot JUNE. ALBK 88.5 (29.39) 88.8.75 98 85.45 78.98.85 (.79) 3 ANDHRABANK 78.4 (1.81) 73.95 (4.45) 84 89.48 79.59 (5.68).83 3 AXISBANK 1,275.5 (11.) 1,262.65 (12.4) 1,31 62.52 69.84 (.97).24 1 BANKBARODA 566.35 (17.38) 57.3 3.95 614 7.6 66.19.7 (.2) 2 BANKINDIA 221.1 (25.59) 222.65 1.55 25 81.87 8.13.7 (.24) 3 CANBK 348.55 (18.18) 337.8 (1.75) 374 82.6 76.62 (3.8).3 3 DENABANK 66. (23.79) 66.55.55 75 84.54 84.45.83 (.24) 3 FEDERALBNK 398.4 (11.64) 394.2 (4.2) 425 58.4 78.99 (1.5).52 2 HDFCBANK 646.5 (1.85) 649.55 3.5 655 49.57 57.95.47.45 2 ICICIBANK 1,3.55 (12.87) 1,38.55 8. 1,8 57.59 61.81.78.4 2 IDBI 68.25 (16.62) 68.8.55 73 69.39 83.5.81.83 2 INDUSINDBK 455.65 (13.84) 459.25 3.6 48 66.98 68.24.79.25 3 IOB 48.3 (22.1) 48.6.3 51 8.82 84.1.62.11 3 KOTAKBANK 72.1 (12.22) 73.6 1.5 72 71.86 67.29.21.14 2 KTKBANK 18.6 (23.74) 19.1.5 12 81.12 9.36.46.32 2 ORIENTBANK 198.4 (22.32) 2. 1.6 21 81.91 74.64.81 (.23) 3 PNB 635.75 (2.33) 64.3 4.55 68 79.23 84.33.72.7 3 SBIN 1,912.5 (8.43) 1,925.8 13.3 2, 77.96 74.45.7.6 2 SYNDIBANK 15.1 (2.23) 15.95.85 117 8.65 82.82.81 (.24) 3 UCOBANK 58.1 (26.13) 58.65.55 62 86.11 84.74.95.67 3 UNIONBANK 178. (23.9) 179.35 1.35 195 79.77 73.9.76 (.23) 3 VIJAYABANK 43.15 (17.42) 43.55.4 46 75.9 85.86.93 (.3) 3 YESBANK 443.3 (11.34) 446.65 3.35 465 88.25 84.75.76.66 3 15 9 75 6 45 3 15 ALBK ANDHRABANK AXISBANK BANKBARODA BANKINDIA CANBK DENABANK FEDERALBNK HDFCBANK ICICIBANK IDBI INDUSINDBK JUNE. IOB KOTAKBANK KTKBANK ORIENTBANK 6mth. PNB SBIN SYNDIBANK UCOBANK UNIONBANK VIJAYABANK YESBANK BANKING sector witnessed below.76 Vs. 77, better than market wide rolls, with Banking stocks showing C- o-c mixed sentiments, above. rolls, implying one has to do stock picking, stocks showing signs of Long, with stocks such as AXISBK saw below average roll of 62 (with cost improving, imply Short Squeeze) versus. of 69. The stock has moved above 1265-127 resistance zone, till stays above 1225-1232 may retest higher levels of 1325-133. HDFCBK also showing rolls below. at 5 versus 58 with C-o-C improve implying short squeeze. Stock is forming strong bottom 624-625, if crosses and sustains above 659-66 i.e. 2 DMA expect a technical rally till 685 i.e. 5 DMA. all sentiment still bearish oversold may see rebound, for long trade focus on Large Cap PVT. Bank. Page No: 4
CEMENT Symbol Spot JUNE 6 mth ACC 1,22.7 (3.32) 1,199.15 (3.55) 1,24 54.53 61.74 (.3).28 2 AMBUJACEM 181.9 (.11) 181.85 (.5) 172 56.34 62.34 (.3).32 4 CENTURYTEX 251.45 (13.41) 248.2 (3.25) 23 89.7 88.35 (1.29).81 5 GRASIM 2,754.9 (6.66) 2,751.15 (3.75) 2,87 65.65 76.78 (.14).74 3 INDIACEM 55.75 (18.79) 56.2.45 6 84.46 79.79.81.63 2 JPASSOCIAT 51.5 (23.64) 51.4.35 47 76. 81.47.69.64 5 ULTRACEMCO 1,877.6 (5.56) 1,843.8 (33.8) 1,95 56.23 7.81 (1.8).17 2 1 75 5 25 ACC AMBUJACEM CENTURYTEX GRASIM INDIACEM JPASSOCIAT ULTRACEMCO JUNE CEMENT sector below 6-month. rolls at 69, also below market wide rolls of 75 (with cost improve) implying stocks have seen short covering: AMBUJA rolls at 56 well below. of 62; however with cost improve implying short squeeze, technically the stock has formed a strong support 177-178 band, once it crosses above 183-184 buy on dips expect to retest 194-195 levels, i.e. 2 DMA. ACC counter which saw below. rolls at 54 (below last month) with C-o-C improve short squeeze, Technically, the stock has formed a strong bottom 114-1147, managed to close above resistance level 119-124 (2 DMA is placed), once moves above 122-1225 i.e. 5 DMA expect a run up to 1284-1315. all the sector seems to be find support at lower levels, we expect sector to be market out performer. Page No: 5
CAPITAL GOODS Symbol Spot JUNE 6 mth 6 mth BHEL 162.95 (2.72) 163.75.8 176 85.38 84.46.5 (.86) 3 CROMPGREAV 8.2 (16.8) 8.5.3 86 89.97 85.98.4.7 2 LT 1,35.4 (5.4) 1,356.5 5.65 1,29 55.44 7.9.4.57 3 PUNJLLOYD 33.2 (26.14) 33.55.35 3 87.35 81.97 1.1 (.41) 5 SIEMENS 53.15 (1.89) 532.5 2.35 55 84.95 72.88.4.66 2 VOLTAS 78.75 (7.46) 79.4.65 72 8.67 81.72.8.76 4 1 8 6 4 2 BHEL CROMPGREAV LT PUNJLLOYD SIEMENS VOLTAS JUNE CAPITAL GOODS sector saw a pickup in rolls at 6-month. rolls at 8, however above the market wide rolls of 75. Stocks that should be kept on radar are: LARSEN rolls at 55 below its. of 71, with roll cost decline, implying long unwind Technically, stock has closed below 2 DMA at 1398-14 zones, one should sell on rise till holds below these levels, once it breaks below 1335-1136, can retest 131-129 levels. SIEMENS witness above. rolls at 85, with C-o-C improve, implying long s with stock forming a strong support around 52-55 and closing at 1 DMA levels 53-536, In short-term if it manages to cross and sustain above it can retest 558-559 levels i.e. 5 DMA, will touch 617 in short term all the sector will be a market under performer, as heavy weights show weak sentiments. Page No: 6
FERTILIZER Symbol Spot JUNE. CHAMBLFERT 33.55-26.18 33.85.3 37 86.76 85.2.89.9 3 TATACHEM 27.5-1.55 272.3 2.25 25 87.23 81.7.83.7 2 UNIPHOS 135.1-12.95 133.65-1.45 148 93.62 86. -1.7.8 3 96 94 92 9 88 86 84 82 8 78 76 74 CHAMBLFERT TATACHEM UNIPHOS JUNE. 6mth Avg. FERTILIZERS sector has seen short rolls, above 6-month. 89, with C-o-C giving signals of selling pressure emerging UNIPHOS roll well above. at 94 (short rolls as cost decline) with stock closing below 147-148 levels, i.e. 5 DMA which will act as resistance zone, if stays below can retest a target of 129-13 i.e. 2 DMA. all expect the sector to be a market under performer as clearly shorts rolled. Page No: 7
FINANCE JUNE. cost HDFC 837.15 (9.62) 841.15 4. 856 49.76 59.94.48.4 1 IDFC 125.95 (17.71) 124.4 (1.55) 135 73.45 76. (1.23).57 5 IFCI 22.2 (14.94) 22.3.1 2 78.17 87.55.45.77 5 LICHSGFIN 248.4 (8.) 247.2 (1.2) 265 91.82 88.41 (.48).74 3 PFC 138.7 (27.48) 139.75 1.5 15 89.49 81.67.76.8 2 RELCAPITAL 324.15 (3.7) 326.5 2.35 34 82.5 83.33.72.75 3 SRTRANSFIN 719.75 (1.73) 724.5 4.75 69 74.3 68.99.66.35 2 15 9 75 6 45 3 15 HDFC IDFC IFCI LICHSGFIN JUNE. PFC 6mth Avg. RELCAPITAL SRTRANSFIN FINANCE sector saw a drop in rolls at 77 below. 78, above market wide rolls, with C-o-C flat to positive, showing sector seeing supportive buying: SRITRANSFIN for 3 rd month has seen above. rolls at 76 (lower than last month, above 6mth. with higher cost), implying long rolled, stock has consolidated and managed to hold above levels of 72-73, where 2 DMA is placed, if holds above these levels, expect to test 75-751 levels. HDFC has witnessed below average roll 5 with pos M-o-M, with stock rebounding from 81-815, will act a strong bottom, immediate resistance 837-84 (i.e. 5 DMA), if manages to cross expect to test 95-91 levels. all the financial sector seeing supportive buying especially NBFC and Housing Finance companies. Page No: 8
FMCG (M- O-M) JUNE ASIANPAINT 4,538.1 (7.64) 4,564.95 26.85 4,25 4.73 56.96.59.5 4 BATAINDIA 84.65 (2.52) 811.45 6.8 76 79.29 93.35.85.66 4 COLPAL 1,336.8 (8.39) 1,344.6 7.8 1,46 81.26 78.14.58.71 1 DABUR 153.85 (1.94) 154.6.75 142 74.78 71.59.49.58 2 GODREJIND 36.2 (.13) 35.9 (.3) 32 7.65 75.4 (.1).66 2 HINDUNILVR 588.95 (1.11) 566.6 (22.35) 585 49.55 65.2 (3.79).46 4 ITC 321.7 (9.2) 323.8 2.1 33 42.96 57.89.65.31 3 MCDOWELL-N 2,222. (8.93) 2,24. 18. 2,1 92.41 92.94.81.87 4 MCLEODRUSS 271.55 (8.91) 267.4 (4.15) 29 82.28 94.7 (1.53).65 3 TATAGLOBAL 129.3 (12.64) 13.4 1.1 122 74.5 87.54.85.48 4 TITAN 222.8 (25.98) 222.1 (.7) 22 88.42 76.36 (.31).51 5 1 8 6 4 2 ASIANPAINT BATAINDIA COLPAL DABUR GODREJIND HINDUNILVR ITC MCDOWELL-N MCLEODRUSS TATAGLOBAL TITAN JUNE 6mth Avg. FMCG sector saw a decline in rolls, well below 6-month. 71 well below market wide, with of Carry of counters mixed: COLPAL saw rolls of 81 (better than last month) with cost showing a jump, technically stock has formed a strong bottom 135-131 levels, one should trade with positive bias once it cross and sustain above 1368-137 i.e. 2 DMA levels expect to retest further north levels of 14121-1415 levels. GODREJIND has seen below. roll 71 with increase in implying shorts squeeze, stock has given fresh break out above 32-34 levels, i.e. 2 and 5 DMA, expect to retest 315-318 levels with a SL of 29. all the sector may be a market performer, Mid Caps looking much strong. Page No: 9
INFRASTRUCTURE JUNE GMRINFRA 16.95 (16.91) 17.5.1 19 88.93 86.51.59.77 4 IRB 94.45 (21.97) 95.1.65 86 94.91 89.39.69.72 3 1 8 GMRINFRA IRB JUNE 6mth AVG. INFRASTRUCTURE stocks saw a pickup in rolls at 92, well above its 6-month average, with the majority of counters C-o-C dip, implying short s. GMRINFRA showing above. rolls of 89 with C-o-C decline, implying short rolls, with stock closing at 52 week low 16.5-17 levels, if continues to remain below and face resistance at 19 next test below 16.5, 14 levels. We continue our stance on the sector to market underperformer with majority stocks witnessing short s; in short term expect more correction. Page No: 1
MEDIA JUNE DISHTV 6.4 (8.21) 6.95.55 62 65.89 79.8.91.63 3 SUNTV 368.85 (12.4) 371.3 2.45 446 78.47 8.43.66.67 1 ZEEL 236.1.47 235.75 (.35) 212 85.72 8.17 (.15).59 2 1 9 8 7 6 5 4 3 2 1 DISHTV SUNTV ZEEL JUNE MEDIA sector has seen a decline below 6mth. rolls at 77, in line with market wide. ZEETV have seen aggressive above. rolls of 86 also with cost showing a jump with stock managing to move and sustain above 233-234 level closing above 5 DMA 233, till it trades above 224 one should accumulate for a price target of 246-253. all the sector has seen supportive buying from lower levels, we expect sector to be market performer. Page No: 11
METALS JUNE. HINDALCO 95.8 (1.34) 96.45.65 99 77.12 83.91.68.66 3 HINDZINC 96.95 (17.84) 97.85.9 16 87.8 79.64.93.62 3 JINDALSTEL 21.25 (32.8) 22.75 1.5 215 78.43 78.59.75.62 3 JSWSTEEL 643.4 (1.4) 637.4 (6.) 61 83.67 83.25 (.93).25 5 NMDC 1.55 (15.68) 11.5.95 18 78.13 81.57.94.6 2 SAIL 48.45 (17.95) 48.8.35 54 84.5 76.82.72.35 4 SESAGOA 138.4 (12.21) 138.5 (.35) 144 79.29 76.87 (.25).44 3 STER 79.15 (13.17) 79.9.75 83 89.8 87.83.95.72 2 TATASTEEL 264.15 (12.43) 258. (6.15) 285 77.15 76.36 (2.33).64 3 95 9 85 8 75 7 HINDALCO HINDZINC JINDALSTEL JSWSTEEL NMDC SAIL SESAGOA STER TATASTEEL JUNE. 6mth AVG. METALS have shown an increase in rolls above 6-month average at 82. JSWSTEEL saw better than. rolls at 84 (decline M-o-M), with cost decline, with stock closing below 649-65 levels weekly support, sell on rise it stays below 675-69 zone, expect it to retest next support level of 585-587 levels. Another stock to watch for STER rolls above. at 89 with cost improving stock has formed a strong bottom support 75-76 zone, manage to close at 8 levels, once it sustains above it expect to retest 9-91 levels. all the sector has seen cost decline shorts rolled, expect some pull back as oversold in short term, technical rebound should be used to exit, we expect sector to be underperforming. Page No: 12
OIL & GAS JUNE. BPCL 345.65 (9.92) 348.5 2.4 334 68.88 81.16.69.68 5 CAIRN 288.45 1.35 283.9 (4.55) 3 68.91 82.51 (1.58).79 2 GAIL 299.5 (6.68) 3.75 1.7 31 81.23 62.26.57.4 1 GSPL 53.5 (8.38) 53.6.55 59 88.79 83.69 1.4.7 2 HINDPETRO 244.5 (14.61) 246.1 2.5 26 72.65 86.81.84.77 3 IGL 265.9 (5.27) 267.65 1.75 248 87.92 8.51.66.7 2 IOC 223.45 (24.13) 225.1 1.65 24 88.33 82.5.74.75 2 ONGC 32.25 (4.9) 321.9 1.65 34 46.4 62.27.52.48 1 PETRONET 119.75 (16.29) 12.6.85 127 82.3 8.36.71.53 2 RELIANCE 83. (.81) 835.15 5.15 86 56.64 68.16.62.54 1 1 75 5 25 BPCL CAIRN GAIL GSPL HINDPETRO IGL IOC ONGC PETRONET RELIANCE JUNE. 6mth AVG. OIL & GAS saw shade below. rolls, at 74 with the stocks seeing C-O-C improve sector witness stock specific supportive buying from lower levels ONGC saw below. rolls at 46 with cost increase, the stock has managed to hold and rebound from crucial support levels 313-314 and managed to close at 32, with 5 DMA present at 323, till it trades above 3 i.e. 2 DMA support level, expect stock to move higher levels 336-337. RIL also saw below. rolls at 56 with positive C-O-C, implying short squeeze, stock managed close above crucial resistance levels 825-826 zones coinciding point of 2 and 2 DMA placed there, if continues to hold above support levels expect to test next stiff resistance levels of 86-88. all the sector heavy weights showing some signs of supportive buying emerging. Page No: 13
PHARMA JUNE AUROPHARMA 176.95-178.2 1.25 167 88.35 87.74.71.8 3 BIOCON 274.85 1.5 269.7 (5.15) 264 82.44 81.4 (1.87).74 3 CIPLA 387.7 1.23 388.8 1.1 44 71.7 81.19.28.72 2 DIVISLAB 972.95.2 977.8 4.85 1,19 68.85 76.49.5.68 1 DRREDDY 2,159.25 2.45 2,158.1 (1.15) 2,25 47.51 63.7 (.5).7 2 LUPIN 771.95.85 776.35 4.4 74 6.8 66.16.57.64 3 OPTOCIRCUI 19.3 (62.1) 19.45.15 17 63.6 77.64.78 (1.58) 4 RANBAXY 317.7 (16.81) 32.1 2.4 28 75.58 82.26.76.77 5 SUNPHARMA 971.6 (9.55) 977.95 6.35 1,2 66.95 72.61.65.49 1 15 9 75 6 45 3 15 AUROPHARMA BIOCON CIPLA DIVISLAB DRREDDY JUNE LUPIN 6mth AVG OPTOCIRCUI RANBAXY SUNPHARMA PHARMA stocks have seen a pickup in rolls at 69 with C-o-C of the majority of stocks positive suggesting stock have seen short covering: SUNPHARMA rolls at 67 versus 73 (6-month.) with C-o-C improve imply long rolls, technically, the stock has rebounded from 936-94 zone thus forming a strong bottom, one should buy aggressively till it holds and sustains above 98-981 for a target of 147-148. CIPLA also saw below average rolls to the tune of 72 (much lower than last month) with C-o-C improving, implying short squeeze with price charts suggesting strength, with stock holding above 386-387 levels (where 1 and 2 DMA is placed), immediate target 393-396 where 5 and 2 DMA is placed. all the sector will be market performer, should be a buyer at every dip in two Large Caps. Page No: 14
POWER June. ADANIPOWER 4.15 (31.43) 4.5 (.1) 44 85.8 81.71 (.25).62 2 CESC 331.35.5 326. (5.35) 316 68.2 8.9 (1.61).7 5 JPPOWER 18.65 (24.8) 18.8.15 21 83.44 78.98.8.75 2 JSWENERGY 43.55 (23.6) 41.7 (1.85) 46 86.8 83.78 (4.25).81 2 NHPC 17.75 (8.27) 17.85.1 19 82.91 81.43.56.79 3 NTPC 14.3 (1.41) 141.45 1.15 148 59.77 68.68.82 (.31) 5 POWERGRID 16.55 (6.86) 17.5.5 1 53.84 65.28.47.54 3 PTC 45.25 (2.89) 45.65.4 51 79.72 81.87.88.64 4 RECLTD 192.7 (16.47) 193.7 1. 26 87.28 77.81.52.22 2 RELINFRA 329.5 (13.88) 331.4 2.35 35 83.89 82.15.71.72 3 RPOWER 61.15 (14.89) 61.65.5 57 86.32 88.76.82.89 3 TATAPOWER 81.4 (9.71) 81.8.4 88 52.5 63.1.49.81 3 1 9 8 7 6 5 4 3 2 1 ADANIPOWER CESC JPPOWER JSWENERGY NHPC NTPC POWERGRID PTC RECLTD RELINFRA RPOWER TATAPOWER June. 6mth AVG. POWER stocks saw below six month. rolls at 7, below than the market wide, with stocks C-o-C mixed, clearly suggesting stock specific approach required: JPPOWER witness above. rollover of 83, with improve, implying long roll; stock has formed a strong support base at 15.5-16, also closed above 18-18.5 where short term resistance is placed, till the time it holds above support level, test higher levels of 21-23. REC 87 above average, with C-o-C improve, stock has rebounded forming a strong support at level of 182-183, closing back above 19-192, if sustains above it and once cross above 196 i.e. 2 DMA can retest next resistance levels of 27-216. all the sector may be a marker performer; with stocks showing mixed sentiment especially select Mid Cap witness supportive buying returning back. Page No: 15
REALITY Future Bais TGT JUNE DLF 176.2 (14.36) 177.3 1.1 186 76.61 72.85.62.56 1 HDIL 35.2 (21.8) 34.65 (.55) 35 81.24 75.65 (1.56) (.54) 2 IBREALEST 6.5 (19.77) 6.5.45 64 81.74 86.19.75.23 3 UNITECH 19.95 (16.7) 2.15.2 21 83.22 81.33 1..69 4 9 85 8 75 7 65 DLF HDIL IBREALEST UNITECH JUNE 6mth AVG. REALTY Sector has seen above. rolls at 81, with C-O-C recovering from lower levels suggesting supportive buying emerging in some stocks: HDIL 81 positions rolled, above. along with cost improve, long rolled and bottoming out on chart as stock closing above 34-35 1-2 DMA, if manages to cross above 37 buy aggressively, expect to retest higher levels 47-48 levels. DLF also saw roll of 77 above. with cost improve month on month; with a stock rebounding from a long term support of 161-162, if moves above and sustain 179-18, expect it to move north to 188-197 levels. all expect the sector seeing some supportive buying, expect perform in line with NIFTY. Page No: 16
TECHNOLOGY JUNE FINANTECH 756.4 (1.5) 762.1 5.7 77 83.77 83.18.75.64 3 HCLTECH 795.4 7.2 799.85 4.45 735 71.75 7.45.56.59 2 HEXAWARE 82.6 1.29 83.25.65 87 86.8 83.31.79.33 1 INFY 2,482.8 6.4 2,49.1 7.3 2,6 57.74 6.52.29.33 2 OFSS 2,667.2.79 2,689.75 22.55 3, 81.22 89.52.85.77 2 TCS 1,491.9 (.5) 1,486.15 (5.75) 1,535 79.56 68.85 (.39).16 2 TECHM 1,8.8 1.42 1,74.5 (6.75) 1,127 81.68 79.59 (.62).35 3 WIPRO 347.1 3.27 349.8 2.7 36 82.77 69.15.78.38 2 15 9 75 6 45 3 15 FINANTECH HCLTECH HEXAWARE INFY OFSS TCS TECHM WIPRO JUNE 6mth ROLLS TECHNOLOGY sector rolls higher than market wide at 78, better than its 6-month average, two stocks worth looking at HEXAWARE has shown 86 in line with six month. with C-o-C improve (higher than last month), implying long rolled, Technically, the stock has rebounded from crucial support levels 79-8 i.e. 2 DMA, and closed above 81-82 i.e. 5 DMA, buy on dips with Target price of 94 i.e. 2 DMA Large Cap TCS saw above. rollover of 8 with improve; signals of Long roll technically stock has closed above crucial resistance zone levels of 1447-1454 2 and 5 DMA, till it hold above these support levels it can head towards 1553-156. all the sector has seen supportive buying in form of long positions rolled. Sector will be market outperformer, with Large Caps TCS also showing aggressive rolls. Page No: 17
TELECOM June. BHARTIARTL 28.75 (1.99) 282.8 2.5 335 58.4 61.37.73.61 4 IDEA 139.85 4.76 14.4.55 136 53.76 81.81.39.29 3 RCOM 115.75 5.32 113.45 (2.3) 11 75.14 79.58 (1.99).65 3 TATACOMM 152.85 (27.82) 151.6 (1.25) 2 89.5 89.41 (.82).68 3 1 8 6 4 2 BHARTIARTL IDEA June. 6mth AVG. RCOM TATACOMM TELECOM sector showing a drop in roll, below 6-month average and, also below the market wide at 69 rolls. BHARTI saw below. roll of 58 (with cost flat), imply long unwind with stock has facing stiff resistance around levels of 3-33 where 5 and 2 DMA was placed, till holds below this zone, will retest 275-268 levels, below 268 weakness will persist and BHARTI With stocks in sector suggesting long unwind, Telecom may be market under performer as long formed seen to be exiting at higher levers any exposure towards telecom one should trim down position on rise. Page No: 18
TEXTILES June ABIRLANUVO 1,27.3 (3.81) 1,35.5 7.75 996 8.44 89.6.75.84 2 ARVIND 76.5 (6.65) 75.4 (1.1) 7 85.24 81.5 (1.44).8 4 PANTALOONR 89.6 (35.1) 9..4 1 8.45 81.75.45.59 1 RAYMOND 237.65 (16.11) 239.65 2. 22 93.97 87.97.84.71 3 1 9 8 7 6 5 4 3 2 1 ABIRLANUVO ARVIND PANTALOONR RAYMOND June 6mth AVG. TEXTILE sector saw flat rolls at 84 however, well above market wide at 75, mainly due to pure textile play stocks like: ARVIND saw better below. rolls of 85 ( decline.) some selling pressure with stock receding from resistance 8-81; and closed at crucial support 74-75 where 52 week low is placed; if it move below this level expect sell off to test 71-66 levels. all sector seeing long unwinding, will be a market under performer. Page No: 19
DIVERSIFIED M-O-M JUNE ADANIENT 191.85 (13.64) 192.4.55 22 57.8 82.6.3.6 1 ADANIPORTS 149.75 (3.17) 15.35.6 139 55.9 68.4.4.8 5 COALINDIA 287.3 (12.33) 289.25 1.95 312 63.2 63.5.7.3 1 HAVELLS 712.35 (1.74) 712.95.6 715 69.9 6.6.1 (3.3) 3 INDHOTEL 47.5 (9.95) 47.45 (.5) 59 84.9 91.1 (.1) 1. 3 JISLJALEQS 52.5 (25.5) 52.8.3 56 87.5 88.5.6.9 1 JUBLFOOD 1,36.15 (6.27) 1,4.7 4.55 1,8 87.9 78.5.4.5 2 RENUKA 15.3 (29.49) 15.45.15 17 91. 88.2 1. 1.2 1 SINTEX 37.85 (21.39) 38.15.3 4 85. 86..8 1. 2 1 9 8 7 6 5 4 3 2 1 ADANIENT ADANIPORTS COALINDIA HAVELLS JUNE 6mth AVG. INDHOTEL JISLJALEQS JUBLFOOD Among Diversified as we can see, stocks have seen in line with. rolls, with cost flat to positive implying short covering and supportive buying seen in stocks like ADANIENT, which have seen below above. M-O-M to the tune of 58 versus 83, with C-o-C improve, suggesting short squeeze, also with stock closing at resistance zone 192-194, immediate support 182-183 treat as a SL expect to retest resistance levels 213. Page No: 2
Research Team Vivek Mahajan Hemant Thukral Head of Research Head Derivatives Desk 22-618282 22-618287 vivek.mahajan@adityabirla.com hemant.thukral@adityabirla.com Fundamental Team Akhil Jain Metals & Mining/Mid Caps 22-6182827 akhil.jain@adityabirla.com Sunny Agrawal FMCG/Cement/Mid Caps 22-6182831 sunny.agrawal@adityabirla.com Sumit Jatia Banking & Finance 22-6182833 sumit.jatia@adityabirla.com Shreyans Mehta Construction/Real Estate 22-6182829 shreyans.m@adityabirla.com Dinesh Kumar Information Technology/Auto 22-6182834 dinesh.kumar.k@adityabirla.com Pradeep Parkar Database Analyst 22-6182839 pradeep.parkar@adityabirla.com Quantitative Team Jyoti Nangrani Sr. Technical Analyst 22-6182838 jyoti.nangrani@adityabirla.com Sudeep Shah Technical Analyst 22-6182837 sudeep.shah@adityabirla.com Advisory Support Indranil Dutta Advisory Desk HNI 22-6182824 indranil.dutta@adityabirla.com Suresh Gardas Advisory Desk 22-6182835 suresh.gardas@adityabirla.com Sandeep Pandey Advisory Desk 22-6182832 sandeep.pandey@adityabirla.com ABML research is also accessible in Bloomberg at ABMR Page No: 21
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