1. Art and Diseño

6th Feb 2015 – Friday
ShareKhan Pre - Market Action
Trading
Ideas:
Long/Short Ideas identified on basis of Fundamental Trigger/News/Events
Watch List:
List of stocks identified for trading with positive and negative bias for the day
News/
Updates:
Important News & Events (Both Domestic & Global) to keep you updated on all
the happenings in markets.
Index Ideas: Nifty and Bank Nifty view for the day.
Currency:
View on Currencies/ Important News and Updates
Commodity: View on Gold/ Silver/Metals
Trading Ideas
Indian Hotels – (CMP 122.5 )
Indian Hotels has decided to sell its majority
stake in inoperative and unprofitable
subsidiaries
Action to be taken: Long Indian Hotels
Stop loss : 118.4
Target : 128-130
Tata Motors – (CMP 589 )
Tata Motors Q3 PAT @ 3581 cr down 26 pct ,
misses estimates
Action to be taken: Short Tata motors
Stop loss : 596
Target : 580-570
News Update
• Petronet in race to build LNG terminal in Bangladesh
• The government is considering scrapping a dividend
distribution tax in its annual budget this month
• Dairy major Kwality set to enter FMCG sector
• Max Life sees 14% growth in new premiums
•Pfizer to acquire Hospira at enterprise value of $17
bn, gets access to biosimilars
News Update
• HDFC Bank raises Rs 9,800 cr via QIP, ADR
• BHEL commissions 270 MW thermal unit in
Maharashtra
• Kirloskar Oil signs MoU with Germany-based
MTU for supply of gen-sets
• SKS Microfinance completes securitisation worth
Rs 83 cr
Results
Result to be declared today : Expected Profit After Tax
Scrip Name
PAT exp (Crs.)
Selan
10
Va Tech Wabag
26
Sun Tv
199
Apollo Tyres
183
Technocraft Ind
20
IDBI
228
Watch List
Stocks With +ve Bias
CMP
Stocks With -ve Bias
CMP
Jubfoods
1432
Bank of Baroda
178
Bata India
1361
BPCL
750
Stock for
Investment
Stocks for Investment
Stocks
CMP
L&T
1688
ABIRLANUVO
1761
SBIN
291
INFY
2143
ULTRATECH
3097
Actionable Ideas
Actionable Stock Idea – Buy Greaves Cotton(CMP 144)
Greaves Cotton Ltd (GCL)’s revenues for Q3FY2015 grew by a modest 1.8%
year on year (YoY) to Rs431 crore. While its engine division revenues rose by
5% YoY, the sales of the loss-making construction equipment division fell by
69% YoY which is in the process of being wound up. The EBITDA margins for
the quarter expanded by 75BPS YoY given the lower contribution of the lossmaking division. At PAT level, the company took an exceptional hit of Rs40.7
crore (Rs30.6 crore adjusted for tax) related to liquidation of the construction
division assets. Adjusted net profits were down 17.5% YoY to Rs32.3 crore.
In
2FY2015 GCL took a strategic decision to exit the loss-making
construction equipment division which had prompted us to upgrade our
margin estimates for FY2016-17. However, given the management’s
commentary we expect the trail impact of the construction equipment
division to persist in FY2016 albeit at lower levels. Hence, we have tampered
our profitability improvement expectation and reduced earnings estimates
for FY2016 and FY2017 by 9.5% and 5.0% respectively. We roll-over the
valuation multiple to FY2017 and reiterate our Buy rating on the stock with a
revised price target of Rs165 (earlier Rs155) discounting FY2017E EPS 18x.
Global Update
Global Indices and news
•US stocks climbed on Thursday as
energy shares bounced with oil
prices, while news Pfizer would buy
Hospira in a massive deal further
boosted the market. Some euro zone
concerns eased as well. Greece
proposed a bridging program until
the end of May to allow time for debt
talks, vowing to do everything in its
power to avoid default.
•Asian equities were mixed on Friday
ahead of the closely-watched US jobs
report while apprehension about
Greece's
bailout
program
also
weighed on sentiment.
•Key data to watch in US today is
Employment situation
Index
Close
Prev
Close
Change %
Change
Dow
Jones
17884
17673
211
1.20%
S&P
500
2063
2042
21
1.03%
FTSE
6866
6860
6
0.09%
Index View
Technical view – Nifty – 8711
For today’s trading sessions we expect nifty to
trade with Positive bias
Short Term Target for Nifty is 9040
Crucial Support area for Nifty is 8689
Intraday levels:
Support 8690 - 8670
All levels are spot levels
Resistance 8750 - 8800
Technical view Bank Nifty- 19051
For today’s trading sessions we expect Bank
Nifty to trade with positive bias
Crucial Support for Bank Nifty is at 19000
Intraday levels:
Support 18770 – 18520
All levels are spot levels
Resistance 19450 – 20000
Derivative Update
Future’s Activity
Nifty
Nifty CoC
OI
PCR(OI)
INDIA VIX
Current Previous % change
8751.3 8776.35 -0.29%
7.54%
9.58% -21.26%
25624600 26019950 -1.52%
0.89
0.86
3.49%
2.84%
20.62
20.05
Around 3.95 lakh shares were reduced in OI.
Option’s Activity
Strike
9000 C
8900 C
8800 C
Most active index call option
Curr. IV
Curr. OI % Chg. OI % Chg. IV
16.95%
5082500 -5.44%
0.83%
17.26%
3288275
2.78%
2.30%
17.53%
2773975
9.65%
0.00%
Strike
8600 P
8700 P
Most active index Put option
Curr. IV
Curr. OI % Chg. OI % Chg. IV
18.52%
2698900
6.12%
0.15%
17.90%
2722825
7.02%
0.21%
8800-8900 CE has added huge no of shares in OI & 9000 CE has seen
marginal reduction in OI whereas PE 8700-8600 strike has added shares in
OI in yesterday’s trade.
Securities in Ban For Trade Date 6-Feb-2015
1. IBREALEST
FII :
INDEX FUTURES
INDEX OPTIONS
STOCK FUTURES
STOCK OPTIONS
-575.50
+731.10
+274.93
+60.37
5-DAY VWAP
Lower Range
8830
8655
SGX Nifty -17.00 points at 8724.00 (FEB Fut)
Higher
Range
8900
Currency Update
Technical Overview
Product
Prvs
Close
Trend
Action
USDINR
61.97
Bullish
Buy
61.54
62.16
EURINR
70.59
Bullish
Buy
69.84
71.13
GBPINR
94.15
Bullish
Buy
92.24
96.24
JPYINR
52.79
Bullish
Buy
52.34
52.98
Support Resistance
Commodity Update
Technical Overview
Product
Prvs
Close
Trend
Action
GOLD
27301
Bearish
Sell
27120
27560
SILVER
37859
Bearish
Sell
37300
38530
CRUDE
3187
Bullish
Buy
3022
3290
COPPER
355.50
Bullish
Buy
351
359
Support Resistance
Thank You !
Disclaimer
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