N e w s L e tter

(Weekly)
Vol. : 12 Date : 21-8-2017 to 27-8-2017 Page : 1 Issue No. : 50

NIFTY & SENSEX MOVEMENT DURING THE LAST WEEK

NIFTY OPEN HIGH LOW CLOSE DIFF

14-Aug-17 9755.75 9818.3 9752.1 9794.15 83.35

15-Aug-17 71st Independence Day Holiday NA

16-Aug-17 9825.85 9903.95 9773.85 9897.3 103.15

17-Aug-17 9945.55 9947.8 9883.75 9904.15 6.85

18-Aug-17 9865.95 9865.95 9783.65 9837.4 -66.75

Net Weekly Gain 126.6

Sensex Open High Low Close Diff

14/08/17 31,299.52 31,526.40 31,298.90 31,449.03 235.44

15/08/17 71st Independence Day Holiday NA

16/08/17 31,566.24 31,805.99 31,399.35 31,770.89 321.86

17/08/17 31,919.17 31,937.51 31,714.10 31,795.46 24.57

18/08/17 31,729.88 31,729.88 31,349.13 31,524.68 -270.78

Net Weekly Gain 311.09

 SMART PLUS N e w s L e tter
(Weekly)
Vol. : 12 Date : 21-8-2017 to 27-8-2017 Page : 3 Issue No. : 50

FII & DII Ac tivity from 14-8-2017 to 18-8-2017 (Rs. Crores)

FII Activity DII Activity

Date Buy Value Sell Value Net Value Date Buy Value Sell Value Net Value
14/08/17 3230.73 4869.56 -1638.83 14/08/17 3652.65 2033.48 1619.17
15/08/17 Holiday 15/08/17 Holiday
16/08/17 5399.89 6489.99 -1090.1 16/08/17 3569.72 2232.81 1336.91
17/08/17 3453.31 4434.36 -981.05 17/08/17 2764.95 1936.36 828.59
18-8-2017 4784.99 6967.11 -2182.12 18-8-2017 3699.36 3114.77 584.59
Total 16868.92 22761.02 -5892.1 Total 13686.68 9317.42 4369.26

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 SMART PLUS News Letter
(Weekly)
Vol. : 12 Date : 21-8-2017 to 27-8-2017 Page : 4 IssueNo.
Issue No.::29
50

DHOOM.......... DHAMAKA..........
AMAZING 40% Return
FLASH Smart Gain For FLASH
Smart Investors
REVIEW OF “SMART PLUS NEWS LETTER” No. 49 Dtd. 14-8-2017
Company Rate Weekly Diffrence Diffrence Company Rate Weekly Diffrence Diffrence
Recco. High (in Rs.) (in %) Recco. High (in Rs.) (in %)

STOCK PICKS TECHNICAL SHARES

ISGEC Heavy 6296 6499 203 3.22 Ajanta Pharma 1225 1262 37 3.02
Bharat Forge 1161 1200 39 3.36 Infosys 897 1028 131 14.60
MOIL 340 371 31 9.12 Dr. Lal Path 804 819 15 1.87
Reliance Capital 749 803 54 7.21 Tata Steel 596 636 40 6.71
Cochin Shipyard 522 575 53 10.15 Dr. Reddy 2020 2038 18 0.89
Aarti Ind. 869 887 18 2.07 HPCL 428 443 15 3.50
Endurance Tech. 970 1024 54 5.57 Bajaj Auto 2788 2868 80 2.87
Century Tex. 1175 1227 52 4.43 MMTC 54 58 4 7.41
Pidilite 788 825 37 4.70 Shree Cement 17477 17900 423 2.42
Dalmia Bharat 2498 2642 144 5.76 SMALL CAP STOCKS
Ramkrishna Forging 526 570 44 8.37 Meghmani Organics 53 74 21 39.62
STOCK WATCH Agri-Tech 60 84 24 40.00
Bimetal Bearing 460 474 14 3.04 NMDC 118 125 7 5.93
Voltamp Trans. 1068 1160 92 8.61 Shivam Auto 62 66 4 6.45
Goodyear 807 835 28 3.47 HCC 33 36 3 9.09
U Flex 386 422 36 9.33 Munjal Auto 62 68 6 9.68
Britannia 4100 4350 250 6.10 JSPL 127 142 15 11.81
Teamlease 1414 1520 106 7.50 Marksans Pharma 39 41 2 5.13
Igarashi Motors 986 1049 63 6.39 J. P. Associates 21 24 3 14.29
Vinati Org. 974 1060 86 8.83 Ashok Leyland 102 106 4 3.92
Jubilant Food 1295 1444 149 11.51 NCC 82 89 7 8.54
MCX 1040 1087 47 4.52 MID CAP STOCKS
FUNDAMENTAL STOCKS Water Base 107 117 10 9.35
Future Retail 442 503 61 13.80 ITD Cementation 158 163 5 3.16
Ujjivan Fin. 310 324 14 4.52 Rain Industries 115 131 16 13.91
Shilp Gravier 129 154 25 19.38 Goodricke Group 232 258 26 11.21
Hexaware 253 281 28 11.07 Parag Milk 235 242 7 2.98
E-Clerx 1263 1300 37 2.93 Dilip Buildcon 521 579 58 11.13
Bajaj Ele. 306 330 24 7.84 Tinplate 127 145 18 14.17
J K Laxmi Cement 419 426 7 1.67 Indian Nippon 781 835 54 6.91
Flex Food 114 118 4 3.51 Prabhat Dairy 130 136 6 4.62
Graphite India 235 273 38 16.17 PC Jew. 295 359 64 21.69
Motherson Sumi 323 338 15 4.64 Dhampur Sugar 238 269 31 13.03
Sobha Limited 369 397 28 7.59
 SMART PLUS News Letter
(Weekly)
Vol. : 12 Date : 21-8-2017 to 27-8-2017 Page : 5 Issue No. : 50

CORRECTION BEGINS
SELLING PRESSURE AT HIGHER LEVEL :- As the Correction continues, markets are witnessing Selling at every higher levels and
this will continue till the market conquers the Resistance zone of Nifty 9958-9965. A closing above this level will indicate end of Correction
and resumption of prior Uptrend. On the other hand, a break of critical Support Trendline (Nifty-9712) will signal further intensification of
Correction which will have Corrective levels placed at 9280-9015-8751.
CANDLESTICK ANALYSIS :- On the daily charts, both Sensex and Nifty have formed an Opening Black body Marubuzo but it has a
smaller body and a longer shadow which indicates a reduced bearishness. On the weekly charts, both the indices have formed a small white
body candle which is on lines of Bullish Harami but it cannot be classified as it has formed near the top as per weekly chart. Thus daily as
well as weekly candlestick patterns suggest bearishness in the near term.
CRITCAL TRENDLINE SUPPORT :- Last week, the indices bounced back after taking Support at the critical Trendline which is at
Sensex - 31269 and Nifty - 9712. A breach of this Trendline will push the market lower towards testing of intermediate bottom of Sensex
30680 and Nifty 9448. A further intensification in Correction will see the indices testing the Correction levels of entire rally of Sensex 7000
points and Nifty 2200 points. The relevant Correction levels are placed at Sensex 30024-29202-28379 and Nifty 9280-9015-8751.
RESISTANCE ZONE – 9958-9965 :- The Correction will be deemed complete only when the indices close above their respective
Resistance zone of Sensex 32053-32091 and Nifty 9958-9965 which is due to the confluence of 20dma and 61.8% Corrective level of the
current fall. A closing above this Resistance zone will signal the end of Correction and a resumption of prior Uptrend.
TREND TURNS BEARISH :- This week, both the indices tested the short term average of 20dma (Sensex – 32053 and Nifty – 9958)
and fell from there whereas the medium term average of 50dma (Sensex – 31646 and Nifty – 9790) provided good Support as the market
recovered from that level. Thus a break of the medium term average will be an indication that the Correction will intensify and lower levels
will be visited. But both the indices continue to remain above the long term average of 200dma (Sensex - 29193 and Nifty – 9028). Thus
the Trend in the short term remains bearish, whereas the trend in the medium term and long term timeframe continues to remain upwards.
OSCILLATOR ANALYSIS :- MACD and Price ROC, both are negative and continue in Sell mode. RSI (46) suggests bearish momentum.
Stochastic Oscillator %K (42) is above %D and hence in Buy mode. ADX has dropped further to 26, which suggests that the trend is still
intact, but losing strength. Directional Indicators continue in Sell mode as +DI remains below –DI. MFI (46) suggests Negative Money Flow.
OBV is in Sell mode as it is making lower top, lower bottom formation. Bollinger Band continues with its Sell signal given in previous week.
Thus Oscillators are suggesting a bearish bias.
OPTION ANALYSIS :- Options data for August series indicate highest Call Open Interest remains at the strike of 10000 whereas the
highest Put build-up has shifted higher at 9800. Thus Options data suggests a narrow trading range with resistance coming at 10000 &
support at 9800.
DERIVATIVE STRATEGY :- It is suggested to construct a BEAR Spread for Axis Bank (CMP – 490).
It is looking bearish upto at least 470.
Buy 490 Put @ Rs 8 & Sell 470 Put @ Rs 3.
Cost of Construction is Rs 5. Hence Break-Even Point will be @ 485.
Max Profit can be Rs 15. Max Loss can be Rs 5.
All the above mentioned rates are from August Series.

S3 S2 S1 CLOSE R1 R2 R3
Nifty 9532 9637 9723 9837 9944 10023 10114
Sensex 30444 30798 31193 31524 31911 32289 32672

THIS WEEKS RECOMMENDATIONS

STOCK CMP SL Tgt-1 Tgt-2
Sell Maruti 7599 7720 7418 7235
Sell CeaT 1704 1740 1650 1595
Sell STFC 972 994 939 905
Sell Escorts 626 645 597 566
Sell AxisBank 490 503 470 449 Jatin Sanghavi (www.jatinsanghavi.com)

* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though, every care has been taken, we will
not responsible for any errors / omissions • All disputes are subject to Ahmedabad jurisdiction
 SMART PLUS
NEWS LETTER Page : 6
Vol. : 12 Date : 21-8-2017 to 27-8-2017 (Weekly) Issue No. : 50

All eyes on S. Chand, Rane Engg., Manglam Timber Q1 Results

Be Cautious any fresh bad news may trigger another jolt
Overall markets may remain Lethargic, So Just go Stock Specific

Stock Picks Stock Watch Fundamental Stocks Technical Shares

Empire Ind. 1920.00 J. M. Fin. 125.00 Reliance Capital 783.00
Bharat Fin. 876.00
Tata Global 194.00 PC Jew. 372.00 Dabur 310.00
Manpasand Bev. 821.00
Bharat Forge 1173.00 Spice Jet 134.00 RBL Bank 524.00
Cochin Ship. 532.00
HUL 1199.00 BPCL 502.00
Torrent Power 214.00 Hexaware 273.00
BEML 1886.00 NTPC 173.00
Amar Raja Batt. 796.00 APTECH 229.00
Blue Star 714.00 ONGC 161.00
Tata Metaliks 650.00 Vinati Org. 1023.00
Voltamp Trans. 1084.00 Hind. Zinc 293.00
U-Flex 407.00 Techno Ele. 365.00
Jubilant Food 1395.00 Tech Mah. 417.00
Concor 1254.00
Rolta India 53.00 Infosys 923.00
Va-Tech Wabag 630.00 CSL Fin. 567.00
Kalptaru Power 153.00 Tata Steel 625.00
NBCC 208.00 Avanti Feeds 1922.00
Dr. Reddy Labs. 1986.00 MOIL 359.00 NMDC 120.00
IndiGo 1270.00
Paper Ind. 763.00 MASTEK 285.00 Coal India 243.00
Infobeam 1416.00

Mid Cap Stocks Small Cap Stocks

Sell Stocks Sun Flag Iron 52.00
Sunteck Realty 251.00
Natco Pharma 754.00 GVK Power 13.00
Parag Milk 235.00
Marico 320.00 Rain Ind. 138.00
Indian Hotel 123.00 IZMO Ltd. 61.00
Biocon 329.00
Tejas Inv. 336.00 Kallam Spg. 33.00
Kovai Medi 1220.00
Kolte Patil 165.00 Meghmani Org. 74.00
Aarti Ind. 862.00
SREI Infra 119.00 PTC India Fin. 36.00
Yes Bank 1720.00
PNC Infra 145.00 Cosboard Ind. 45.00
CEAT 1703.00 Rishabh Diga 37.00
All Cargo Log. 165.00
Specialtiy Realty 117.00 City Union Bank 154.00 HBL Power 44.00
IGL 1285.00 Goldiam Intl. 83.00
Kiri Ind. 296.00
Godrej Consumer 920.00
IOL Che. 73.00
Jai Corp. 81.00
GMR Infra 18.00
Cadila HC 474.00
Smart Link 89.00
Pudmjee Paper 15.00

All recommendation provided by Dilip K. Shah. He has not brought / sold any stock advised in this news paper during last one month Stoploos is useful for Short - Medium
term investors only
* Disclaimer :- • Smart Investment will not be responsible / for any loss arising out of investment based on its recommendation. • Though, every care has been taken, we will
not responsible for any errors / omissions • All disputes are subject to Ahmedabad jurisdiction
 SMART PLUS
News Letter Page : 7
Vol. : 12 Date : 21-8-2017 to 27-8-2017 (Weekly) Issue No. : 50
In the calendar year 2017 the primary market may create history with Rs40,000 crore IPOs
In January to March 2018 quarter, around Rs50,000 to Rs60,000 crore fund might be raised through IPO
In the first seven months, 15 companies have raised Rs12,600 crore which is a record aer 20118
This week Apex Frozen Foods’ Rs 153 crore
mainboard IPO will hit the market on August 22
Seven Hills’ NSE SME IPO with fixed price of Rs 26 will open on August 18 and close on August 23
Servotech and Geekay IPOs that opened on August 9 closed with average response
- How and when will be allotment and lis!ng of Apex Frozen, Seven Hills and Lexus Granito?
- Reliance Capital Insurance Arm’s Rs.2000 crore IPO gets IRDA approval
- Kosama"am’s Rs110 crore NCDs issue closed ahead of schedule a#er ge$ng fully subscribed
- Rel Capital may come up with Rel. Home Fin IPO may come in September and Rel. Nippon
AMC may come in November
- Noida-based Dexon Tech’s Rs700 crore issue may come in September beginning
- IEX gets approval from Sebi to offer 6065009 equity shares: issue may be in September
- SREI Eq. Fin get set for Rs2000 crore public issue
- Apex Frozen Foods’ IPO belongs to Aqua Culture and it has hit the market in Paryushan so
Jain investors may keep distance from it

Main - line IPO (Non SME)

Sr Company Issue Open Dt. Issue size Offer price Min. Rs. 1,00,00 Rs. 2,00,000 Lis"ng Lead Ra"ng Remark
Issue Close Dt. (Rs. Cr.) (Rs.) App. Limit Limit Manager %
1. APEX Frozen 22-8-2017 87,00,000 Eq. Shares 171 to 175 80 Shares 560 Shares 1120 Shares BSE Karvy 39 %
Foods Ltd. 24-8-2017 (Rs. 152.25 Cr.) - (Rs.14,000) (Rs.98,000) (Rs.1,96,000) NSE Investment Apply for
(Book Building) Fresh Iss. : 72,50,000 Medium
OFS : 14,50,000 Eq. Sh. Term

NSE SME IPO

Sr Company Issue Open Dt. Issue size Offer price Minimum Rating Remark
Issue Close Dt. (Rs. Cr.) (Rs.) Applications Size %
1. Seven Hills 18-8-2017 16,00,000 Eq. 26 4000 Eq. Shares 33 %
Beverages 23-8-2017 (Rs. 4.16 Cr.) (Rs. 1,04,000) RISKY

Grey Market Premium

IPOs Offer Price Premium Kostak Price Subject to Sauda
APEX Frozen Foods Ltd. (Main line IPO) Name (Rs.) (Rs.) Min.Appl.(Rs.) (Confirm) (Rs.)
IPO Opens on 22nd Lexus Granito 41 to 45 -- 950 18000 to 20000
August & Closes on
24th August, Apex Frozon 171 to 175 20 to 22 -- --
Price Band Rs. 171 to Do not subscribe for IPO by just seeing premium price as it may change any!me
175 before lis!ng : Subscribe only considering fundamental of the Companies
For latest grey market premium please check everyday
www.smartinvestment.in
 SMART PLUS
News Letter Page : 8
Vol. : 12 Date : 21-8-2017 to 27-8-2017 (Weekly) Issue No. : 50
IPOs from 2007 to 2017 Mega IPOs Entry in Pri- Subscrip!on Figure of
Years No. of Total mary Markets Kosama"am Finance
IPOs Amount IPOs (Rs. Cr.) Issue Closed on 18-8-2017
2007 100 34,179.10 HDFC St. Life 10,000 Category No of Bonds Subscribed
2008 37 16,904.40 Reserved (X)
Na!onal Stock Ex. 10,000 i) Ins!tu!ons 110000 0.00
2009 20 19,544.00 New India Insurance 7,000 ii) Corporate 440000 1.51
2010 64 37,534.70 SBI LIfe Ins. 7,000 iii) Retail 550000 2.94
2011 37 5,966.30 General Insurance 10,000 Total 1100000 2.08
2012 11 6,835.30 ICICI Lombard 5,000+
2013 3 1,283.80
2014 5 1,200.90
2015 21 13,614.10
2016 26 26,493.80 DRHP Filed with Sebi : Approval Awaited
2017 15 12,589.90 DRHP Date Co. Name
Aug 18, 2017 Bharat Road Network Ltd - Corrigendum to DRHP
Aug 14, 2017 Aster DM Healthcare Limited
Aug 11, 2017 The New India Assurance Company Limited
Aug 08, 2017 General Insurance Corpora!on of India
Aug 08, 2017 Mahindra Logis!cs Limited
Jul 21, 2017 Godrej Agrovet Limited
Jul 18, 2017 SBI Life Insurance Company Limited
Jul 17, 2017 ICICI Lombard General Insurance Company Limited
SEBI APPROVAL RECEIVED Jul 07, 2017 Khadim India Limited
- Pratap Snacks Jun 23, 2017 Pratap Snacks Limited
- Dixon Techno Jun 21, 2017 Astron Paper & Board Mill Ltd
- Shalby Hospitals Jun 20, 2017 Indian Energy Exchange Limited
- Matrimony.Com May 22, 2017 Dixon Technologies (India) Limited
- Nakshatra World May 22, 2017 Shalby Limited
- Mas Financial Serv. May 11, 2017 Matrimony.com Limited
- Bharat Road Network Apr 21, 2017 Capacit’e Infraprojects Limited
- Genesis Colors
- GR Infraprojects
- Con!nental Warehousing

Grey Market Catholic Syrian Bank

witnesses premiums of 25%
Catholic Syrian Bank’s shares are being traded with 25% premiums in the grey market so it is bit difficult for
the probable bidders to bring down the bidding price. If the higher premiums continue, the bidders might have to
pay heavy premium for participating in Incred and Centremen board. The 97 year old bank’s share is being traded
around Rs180. The book value is Rs120 and it is being traded at 1.5 times of book value. Incred Finance, backed
by former head of Deutsche BankAnshu Jain, is witnessing competition from American PE firm Warburg Pincus
and Eon Capital for controlling stake.
Grey market valuation may affect the deal. Majority of the deals take place at discounted rates but bank’s
current price has surpassed its valuation. Catholic Syrian Bank had quoted valuation of Rs1000 crore but its
performance has improved after appointment of new MD and CEO so the bank has increased the valuation.
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