Market Radar

27-02-2019

11700

Nifty Outlook:
11200

Yesterday's volatility might expand the 10700

near term trading range soon.
However, 10806 remains pivotal for 10200

the market with immediate range 9700

Resistance
Pivot
10906 / 10977
10818
extremities seen at 10890 and 10700. Support 10747 / 10658
Nifty - Daily
Any dips below 10700 would demand 9200
14 24 01 09 16 24 31 07 15 22 30 07 14 21 31 07 14 21 28 04 11 18 25
additional caution. Sep Sep Oct Oct Oct Oct Oct Nov Nov Nov Nov Dec Dec Dec Dec Jan Jan Jan Jan Feb Feb Feb Feb

Near term scenario Best case: 11400 Worst case: 10400

Traders' corner Yesterday's picks

Stocks Ltp %Chg S2 S1 PV R1 R2 Bias Notes Stocks %gain/loss

SUNTV 605.2 3.09 546 565 590 610 635 Breaks 100DMA, MACD above zero line. DELTACORP 2.16
SUVEN 238.05 1.86 220 226 234 240 248 Parabolic Sar +ve, breaks horizontal resistance. JKIL 1.89
INTELLECT 176.7 3.79 155 161 172 178 188 Parabolic Sar +ve, MACD above signal line. EIDPARRY 0.58
AUROPHARMA 719.25 1.47 677 689 706 718 736 Bounced off 200DMA, MACD to cross signal line. PERSISTENT -6.64

Note: The rationale mentioned above are valid for the day only. Kindly use them accordingly. -0.50

Opening Sentiments
Indian indices are expected to open positive. Asian markets are higher today with the Shanghai Composite and Nikkei up ~0.5%. Asian stocks edged higher with positive sentiment kept in
check after a Wall Street advance fizzled as investors found little in Federal Reserve Chairman Jerome Powell’s Congress testimony to extend the recent rally. Dow and Nasdaq composite
closed down slightly in choppy trading on Tuesday as investors digested mixed economic data and testimony from the top-ranked Federal Reserve official where he noted that the U.S.
economic outlook was "generally favorable" but warned of headwinds from overseas.

Investors will be keeping an eye on U.S. President Donald Trump and North Korean leader Kim Jong Un who are set to meet later today in Vietnam for the second time in less than a year,
where talks will take place in a bid to convince Pyongyang to end its nuclear program in exchange for sanctions relief. Oil futures rose slightly on Tuesday after news that OPEC planned to
continue production cuts despite Trump criticizing the producer group for rising crude prices a day earlier.

Indian equity benchmarks opened lower but were volatile during the session and ended lower as investors tried to digest the rising tensions between India and Pakistan. Fiscal deficit
touched 121.5 percent of the full-year revised target of Rs.6.34 lakh crore at the end of January on account of lower revenue collections, as per government data. At the end of January
2018, the deficit was 113.7 percent of the Revised Estimate.
Global Equities Commodities & Currencies FII/DII activity (Rs. Cr.) 0.50 Sector performance (%)
15000
0.00
Indices %Chg Asset Last %Chg
10000
-0.50
NIKKEI 0.45 CRUDE 65.6 0.60
5000 -1.00
SHANGHAI 0.63 COPPER 50200 0.10
0 -1.50
SGX NIFTY 0.38 GOLD 1329.22 0.26
-2.00
S&P500 -0.08 USDINR 71.3225 0.11 -5000
25-Feb 22-Feb 21-Feb 20-Feb 19-Feb 18-Feb
Economic calendar - pg 4... FII DII

News in focus

The Reserve Bank of India removed ONGC and its joint venture partners GMR Infrastructure Limited has Multi Commodity Exchange of
Allahabad Bank, Corporation have struck long-term agreements to sell emerged as the highest bidder India Tuesday announced the
Bank and Dhanlaxmi Bank out of 9.5 million tonnes a year of liquefied ... overtaking GVK and Doit Smart appointment of P S Reddy as the
the prompt corrective action ... Infrastructure for the proposed managing director ...
greenfield Bhogapuram ...

The Reserve Bank of India on Panacea Biotec said its board has Private equity investor True North will Luxury hospitality chain Hotel Leela
Tuesday said it would infuse Rs 12,500 approved raising up to Rs 864 crore for buy Max India's 51 percent stake in ventures on Feruary 26 said that its
crore into the system through open one-time settlement with its lenders and Max Bupa Health Insurance for Rs 511 debt owner JM Financial Asset
market operations ... other purposes ... crore ... Reconstruction Company ...
Pivots
Asset LTP %Chg 50 DMA 200 DMA 3M Low S2 S1 Pivot R1 R2 3M High Pivot position
NIFTY 10835.3 -0.41 10823.5 10862.0 10488 10658 10747 10818 10906 10977 11069 Near & > PV
BANKNIFTY 26952.95 -0.76 27153.6 26641.5 26103 26548 26751 26939 27141 27330 27720 Near & > PV
ADANIPORTS 323.5 -0.32 362.7 363.7 324 311 317 322 328 333 399 PV <> R1
ASIANPAINT 1402 0.27 1401.6 1335.6 1274 1367 1385 1396 1413 1424 1472 PV <> R1
AXISBANK 710.15 0.92 669.7 600.9 590 684 697 706 719 729 730 PV <> R1
BAJAJ-AUTO 2859.3 0.41 2735.5 2750.3 2500 2789 2824 2847 2882 2905 2887 PV <> R1

BAJAJFINSV 6452.65 1.88 6277.7 6144.1 5668 6140 6296 6397 6554 6654 6522 PV <> R1
BAJFINANCE 2657.75 0.00 2594.5 2454.5 2396 2567 2613 2645 2691 2723 2711 PV <> R1
BHARTIARTL 315.45 -0.57 314.8 340.2 290 309 312 316 320 324 338 S1 <> PV
BPCL 336.65 0.18 347.3 355.3 316 326 331 335 340 343 375 PV <> R1

CIPLA 550.4 0.38 521.5 579.5 492 532 541 547 557 563 550 PV <> R1

COALINDIA 220.15 2.71 229.3 260.7 214 209 215 218 224 227 253 PV <> R1
DRREDDY 2647.8 -0.72 2636.0 2421.0 2525 2615 2631 2646 2662 2677 2822 Near & > PV
EICHERMOT 20620 -0.41 20926.3 25199.5 18877 20157 20388 20632 20863 21107 24092 Near & < PV
GAIL 333.45 1.72 336.7 350.3 308 316 325 330 339 344 362 PV <> R1
GRASIM 781 0.30 778.5 918.4 700 753 767 776 790 799 866 PV <> R1
HCLTECH 1058.85 -2.16 993.0 989.1 932 1029 1044 1070 1085 1111 1082 S1 <> PV
HDFC 1853.65 -2.16 1948.2 1891.1 1853 1821 1838 1866 1882 1911 2009 S1 <> PV
HDFCBANK 2110.65 -0.69 2112.0 2066.2 2035 2088 2100 2112 2123 2136 2148 Near & < PV
HEROMOTOCO 2689.05 -0.86 2888.4 3149.0 2599 2573 2631 2672 2730 2771 3361 PV <> R1
HINDALCO 196.5 0.00 206.8 223.1 185 186 191 194 199 202 233 PV <> R1
HINDPETRO 225.85 -1.01 237.0 255.8 213 218 222 225 229 233 257 Near & > PV
HINDUNILVR 1772.25 0.12 1783.2 1689.2 1732 1749 1761 1773 1785 1797 1861 Near & < PV
IBULHSGFIN 659.25 -2.88 743.2 980.8 598 641 650 663 672 684 854 S1 <> PV
ICICIBANK 348.2 -2.08 359.7 326.3 339 343 346 349 352 355 382 S1 <> PV
INDUSINDBK 1478.1 -0.88 1526.7 1725.1 1444 1449 1464 1476 1491 1503 1661 Near & > PV
INFRATEL 308 1.33 287.3 282.8 249 296 302 306 312 317 326 PV <> R1
INFY 742.5 -1.64 711.8 675.6 639 733 738 745 750 758 764 S1 <> PV
IOC 142.25 2.63 135.3 148.8 125 134 138 141 145 147 148 PV <> R1
ITC 275.5 -0.43 281.1 283.6 270 273 274 276 277 278 297 Near & < PV
JSWSTEEL 284.5 -1.15 283.7 327.3 262 273 279 283 289 293 317 PV <> R1
KOTAKBANK 1236.15 -0.39 1254.4 1250.7 1160 1206 1221 1235 1251 1265 1302 Near & > PV
LT 1265.85 -0.78 1333.4 1323.9 1217 1243 1254 1265 1276 1287 1451 Near & > PV
M&M 651.3 0.09 707.4 822.3 625 633 642 649 658 665 804 PV <> R1
MARUTI 6904.3 -0.30 7174.1 8040.3 6511 6735 6820 6897 6982 7060 7936 Near & > PV
NTPC 140.55 0.14 141.9 154.6 130 134 138 139 142 144 151 PV <> R1
ONGC 147.5 -0.17 144.3 158.7 132 144 146 148 149 151 151 Near & < PV
POWERGRID 181.2 -0.41 189.4 190.9 175 177 179 181 183 185 200 Near & > PV
RELIANCE 1220.25 -0.98 1185.5 1122.1 1089 1192 1206 1220 1235 1249 1310 Near & < PV
SBIN 266.35 -1.41 287.3 279.1 260 261 264 266 269 271 306 Near & > PV
SUNPHARMA 435.75 -0.08 427.9 524.2 391 416 426 433 443 450 494 PV <> R1
TATAMOTORS 182.65 3.93 173.6 225.1 151 169 176 180 187 190 186 PV <> R1
TATASTEEL 503.6 -0.30 485.1 546.5 444 484 494 501 511 518 538 PV <> R1
TCS 2038.7 2.70 1947.3 1937.4 1813 1946 1992 2019 2065 2092 2083 PV <> R1
TECHM 833.3 0.32 741.3 708.1 680 813 823 831 841 849 833 PV <> R1
TITAN 1038.35 -0.45 980.1 901.8 880 1006 1022 1032 1048 1058 1067 PV <> R1
ULTRACEMCO 3788.55 1.94 3728.5 3877.1 3374 3620 3704 3760 3844 3900 4085 PV <> R1
UPL 855.05 0.87 779.5 702.2 733 830 842 850 863 870 855 PV <> R1
VEDL 169.7 -0.91 183.0 214.1 147 161 165 168 173 176 209 PV <> R1
WIPRO 387.65 0.58 350.0 309.8 310 378 383 386 391 394 388 PV <> R1
YESBANK 229.5 0.17 194.1 269.4 160 214 222 228 236 242 230 PV <> R1

Traders' corner stocks - the week so far

Monday Tuesday Wednesday Thursday Friday
S.No
Stocks %gain* Stocks %gain Stocks %gain Stocks %gain Stocks %gain
1 TAKE 18.54 DELTACORP 2.16
2 INDIAGLYCO 6.44 JKIL 1.89
3 WELCORP 2.69 EIDPARRY 0.58
4 UFLEX 0.36 PERSISTENT -6.64

Avg. return 7.01 -0.50

* Max %chg from open

Economic Calendar

1 Feb, Friday 2 Feb, Saturday 3 Feb, Sunday 4 Feb, Monday 5 Feb, Tuesday

 India Manufacturing PMI Jan  China Services PMI Jan  China Market holiday- New year eve  India Services PMI Jan
 India Budget 2019-20  Japan Services PMI Jan  RBI policy meeting starts
 U.S. Nonfarm payrolls Jan  U.S. Factory orders Dec  Korea market holiday
 U.S. Manufacturing PMI Jan  China market holiday
 Japan Manufacturing PMI Jan  U.S. Services PMI Jan
 China Manufacturing PMI Jan  EA Services PMI Jan
 EA Manufacturing PMI Jan  U.S. trade balance Dec
 UK Manufacturing PMI Jan  U.S. Redbook index Feb 01
 India FX reserves Jan 25  API weekly crude oil stock Feb 01
 U.S. Unemployment rate Jan
 Baker Hughes oil rig count

6 Feb, Wednesday 7 Feb, Thursday 8 Feb, Friday 9 Feb, Saturday 10 Feb, Sunday

 U.S. Trade balance Nov  RBI interest rate decision  U.K GDP Q4
 Korea Market holiday  BoE interest rate decision  China market holiday
 China market holiday  China market holiday  Baker Hughes oil rig count
 EIA Crude oil stock change Feb 01  China Foreign exchange reserves Jan
 U.S. Initial/Continuing jobless claims
 Japan Trade balance Dec

11 Feb, Monday 12 Feb, Tuesday 13 Feb, Wednesday 14 Feb, Thursday 15 Feb, Friday

 Japan Market holiday- National  India CPI Jan  China Trade balance Jan  India WPI Jan  India Trade balance Jan
foundation day  India IIP Dec  EA IIP Dec  EA GDP Q4  China CPI Jan
 China CPI Jan  U.K IIP Dec  U.S. CPI Jan  U.S. Initial/continuing jobless claims  Japan IIP Dec
 U.S. JOLTS Job openings Dec  Japan GDP Q4  EA Trade balance Dec
 U.S. IIP Jan
 Baker Hughes oil rig count

16 Feb, Saturday 17 Feb, Sunday 18 Feb, Monday 19 Feb, Tuesday 20 Feb, Wednesday

 U.S. Market holiday  FOMC minutes Jan 29 meeting

21 Feb, Thursday 22 Feb, Friday 23 Feb, Saturday 24 Feb, Sunday 25 Feb, Monday

 U.S. Existing home sales Jan  EA CPI Jan

 U.S. Initial/continuing jobless  Japan CPI Jan
claims  Baker Hughes oil rig count

26 Feb, Tuesday 27 Feb, Wednesday 28 Feb, Thursday 1 Mar, Friday 2 Mar, Saturday

 U.S. New home sales Jan  U.S.- North Korea summit  India GDP Q3
 U.S. Pending home sales Jan  India Eight core infrastructure
industries Jan
 U.S. GDP Q4
 China Manufacturing PMI Feb
 U.S. Initial and continuing jobless
claims
Product basket : Technical and Derivatives Research

EQUITY

PRODUCT HOLDING PERIOD CHARACTERISTICS FREQUENCY

The aim is to capture a minimum of 1% move. All those recommendations that do not hit the
INTRADAY Same day 10-15 per day
target or stop loss are advised to be closed out at 3 10 pm.
At times, some of the price moves do not mature fully during the day. Such set ups are best
BTST 5 days played by entering in the second half of the day with expectations of a momentum surge on 1-3 per day
CASH
the next day.

Uses classical technical studies to deliver moves that takes a while to mature. However, they
SHORT TERM 30 days are less volatile than BTST or intraday products, are directional and have the potential to be 4-8 per month
multibaggers.

DERIVATIVE

PRODUCT HOLDING PERIOD CHARACTERISTICS FREQUENCY

Naked options are best ploy to make use of sudden price spurts, but also brilliant in making
OPTIONS 1-5 days 2-3 per day
use of time decay, especially on approach of expiry.
OPTION Multi legged option strategies are best suited for volatile and uncertain conditions especially
OPTION STRATEGY Till expiry ahead of events, earnings, etc. They are also ideal for generating small, but consistent 4-8 per month
incomes without worrying about direction.
Suited for those with higher risk appetite, who are looking to gain more from the  underlying’s
FUTURE 1-5 days 1-2 per day
FUTURE (stock/index) move.
BTST/STBT 5 days Characteristics are similar to BTST product in Cash 1 per day

All our technical & derivative research recommendations can be seen and traded in SELFIE, our trading platform. You may benefit from these research products even further, by utilising
leverage facilities like MTF, BTST, Intraday etc. To know more about the same, kindly contact your nearest Geojit branch.

Technical & Derivative Research

Anand James, CFTe Chief Market Stategist

Equity desk
Tency N. Kurien Analyst
Asa Ramachandran Analyst
Mithun T. Joseph Analyst

Derivative desk
Raijo Philip Analyst
Punnen George Analyst

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Date: 2019.02.27 09:01:06 +05'30'