Daily Newsletter - Equity

12-Apr-2016

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Market Wrap
INDIAN MARKET OVERVIEW

Bulls came back in power on Monday as equity benchmarks rallied sharply after losing 2
percent last week. Late buying in technology, auto, FMCG and banks lifted the Sensex
above 25000-mark and Nifty above 7650 level. Nifty future up by 124 point at 7702.
The BSE Sensex rose 348 points and closed at 25022. Market breath was strong as about
1491 shares advance while 1104 shares declined.
Bharti Airtel surged more than 4 percent on acquisition of 4G spectrum from Aircel in 8
circles that helped company become Pan-India 4G operator.
Tata Steel advanced 2.8 percent. After market hours, the company announced that its UK
subsidiary will sell long products Europe business to Greybull Capital for nominal
consideration.

GLOBAL MARKET OVERVIEW

Asian markets were lower in early Monday trade, ahead of a series of market-moving
economic data due this week.
Australia's ASX 200 was off 0.25 percent, weighed by a 0.48 percent decline in the heavilyweighted financials subindex. The energy subindex advanced 1.51 percent, while the
materials subindex was up 0.63 percent.
A sharp rally in crude oil and energy shares lifted US stocks on Friday, but indexes
registered losses for the week.
The Dow Jones industrial average closed up 35 points, to 17576, the S&P 500 gained 5.69
points to 2047 and the Nasdaq Composite added 2.32 points to 4850.

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Technical Outlook
Nifty Technical Overview:

Nifty futures opened with flat note and witnessed downside movement in most part of the day by
taking support at 7540 level and sharp
recovery in later part of the day. It broke the
level of 7700 and closed above it. Tomorrow it
is expected to show upside movement but it
can take slight correction and if it breaks 7720
then upside movement is expected.
R2

R1

Pivot

S1

S2

7828

7765

7649

7586

7470

Nifty
Strategy

Buy on dips

Bank Nifty Technical Overview:

Bank Nifty futures opened with flat note and witnessed downside movement in most part of the day
by

taking

support

at

15500

level

and

recovered sharply in later part. It broke the

major resistance level of 15900. Tomorrow if it
sustain above the level 15800 and break then
bullish movement is expected.
R2

R1

Pivot

S1

S2

16230

16063

15771

15604

15312

Nifty
Strategy

Buy on dips

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Market Statistics
Index PE
Index PE

11 Apr 2016

Nifty

21.07

Sensex

18.97

Nifty Gainers/Losers
Symbol

Close Price

IDEA

% Change

5.30 AMBUJACEM

20,000.00

HINDALCO

Close Price

5.87 LUPIN

115.45

BOSCHLTD

Symbol

4.62 DRREDDY

91.75

BANKBARODA

149.50

4.47 CIPLA

ADANIPORTS

228.85

4.38 ULTRACEMCO

% Change

1,520.00

-1.31

223.90

-0.82

3,021.65

-0.58

503.00

-0.29

3,150.00

-0.28

FII & DII Trading Activity (In Crores)

CATEGORY

DATE

BUY VALUE

SELL VALUE

NET VALUE

FII

11 Apr 2016

4907.60

4800.37

107.23

DII

11 Apr 2016

1382.93

1079.05

303.88

Other Information
Securities in Ban
Ex-Dividends
Board Meeting

DIC India, KSB Pumps

Autopal, Bajaj Corp, FCS Software

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Macro Economic Data
Economic Data

Current

Previous

Repo Rate

6.75%

7.25%

Reverse Repo Rate

5.75%

6.25%

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%

Todays Stock Recommendation

Technical Overview:
Stock recommendation for 08/4/2016 is Vadilal Industries Ltd. We picked Vadilal as a seasonal stock.
The stock is in tight consolidation since three weeks, a break out is expected now as season also
picked up. 21 day EMA over 200 day EMA also signals up trend. We recommend a buy above 662
level with the target of 690 and 710. It holds a strong support near 630.

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