Author: AFF12

Daily Equity Research Report

April 21, 2016

AFFLUENCE SHARES AND STOCKS PRIVATE LIMITED

MARKET OVERVIEW

Pre Open Thoughts: Circulation of Confidence!!
The circulation of confidence is better than the circulation of money and it is said that Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence. There is a big uptick in business confidence globally which has led Global shares to rally 16 percent since sinking to a three-year low in February, buoyed by oil’s recovery from below $30, signs of stabilization in China’s economy and upbeat U.S. corporate earnings reports.
Also if you look at the yield on 10-year U.S. Treasuries it fell one basis point to 1.83 percent, after increasing nine basis points in the last three sessions. Inflows into inflation-indexed exchange-traded bond funds this year have already exceeded flows for all of 2015, suggesting investors are growing more bullish that inflation will climb toward the Federal Reserve’s 2 percent target.
On Asian front stocks rose to a four-month high, buoyed by oil’s recovery to around $44 a barrel and a flurry of better-than-expected earnings from U.S. companies. All in all it seems like Investors’ appetite for risk assets has been renewed.
Coming to home soil FII’s seem to have shown lot of confidence in the Indian economy too with International Monetary Fund (IMF) retaining India's GDP forecast for this fiscal year and the next, confirming its status as the world's fastest-growing major economy. On back of which if you look at the rupee it is comparatively stronger than before.
For the day the start is likely in sync with the global markets, Volatility is likely to be soared and may stay elevated. Some uncertainties may prevail in the near term though as Futures Expiry takes place next week, therefore, one needs to be very choosy and guarded.

INDIAN INDICES	CLOSE	PTS	% CHG
SENSEX	25844.18	27.82	0.11
NIFTY 50	7914.75	0.05	0.00
BANKNIFTY	16349.70	127	0.78
SMALL CAP	11134.48	70.29	0.64
MIDCAP	11064.13	10.83	0.10
BANKEX	18588.09	142.12	0.77
IT	11587.53	-44.69	-0.38
AUTO	18592.84	-105.76	-0.57
FMCG	7893.53	-10.93	-0.14
POWER	1904.46	20.14	1.07
REALTY	1331.61	-5.8	-0.43
OIL & GAS	9361.81	-68.92	-0.73
METAL	8009.78	291.21	3.77
CAPITAL GOODS	13476.66	125.35	0.94
INDVIX	17.08	0.13	0.75
COMMODITY PRICE	CLOSE	PTS	% CHG
GOLD	29317.00	0	0.00
SILVER	40132.00	0	0.00
CRUDEOIL	2919.00	0	0.00
COPPER	327.40	0	0.00
ZINC	126.75	0	0.00
LEAD	117.35	0	0.00
GLOBAL INDICES*	CLOSE	PTS	% CHG
DOW JONES	18096.27	42.67	0.24
NASDAQ	4948.00	7.80	0.16
FTSE 100	6410.00	4.91	0.08
ASIAN INDICES*	CLOSE	PTS	% CHG
HANG SANG	21608.00	364.79	1.7
NIKKEI	17300.00	390.12	2.31
SHANGHAI	2985.00	12.54	0.42
CURRENCY FUTURE	18-Apr	20-Apr	NET%
USDINR	66.6400	66.2900	-0.52
EURINT	75.3775	75.3950	0.02
GBPINR	94.5225	95.3125	0.83
JPYINR	61.5000	60.6650	-1.35
FII/DII CAPITAL MKT*	BUY	SELL	NET
FII	6021.67	6101.77	-80.10
DII	1900.64	1940.09	-300.09
FII/DII DERIVATIVES MKT*	BUY	SELL	NET
INDEX FUTURES	3234.08	1906.02	1328.05
INDEX OPTIONS	36219.37	37371.16	-1151.79
STOCK FUTURES	5112.36	5689.70	-577.33
STOCK OPTIONS	3694.74	3706.27	-11.53

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Daily Equity Research Report

April 21, 2016

AFFLUENCE SHARES AND STOCKS PRIVATE LIMITED

IMPORTANT MARKET HIGHLIGHTS

Amid a divergent trend among various index constituents, key benchmark indices provisionally ended near the flat line. The barometer index, the S&P BSE Sensex, rose 23.52 points or 0.09% at 25,839.88, as per the provisional closing data. The Nifty 50 index rose 0.05 points at 7,914.75, as per the provisional closing data. The market breadth indicating the overall health of the market was positive. On BSE, 1,471 shares gained and 1,149 shares declined. A total of 150 shares were unchanged. The BSE Mid-Cap index was provisionally up 0.1%. The BSE Small-Cap index was provisionally up 0.64%. Both these indices outperformed the Sensex.
IT major Wipro edged higher ahead of its Q4 March 2016 results. The stock gained 2.12% to Rs 601.65. The stock hit high of Rs 606.75 and low of Rs 589.55 in intraday trade. The company will announce its results after market hours today, 20 April 2016.
Metal and mining stocks surged on recent rally in copper and steel prices in global commodities markets. Vedanta (up 9.2%), Hindustan Zinc (up 4.54%), Hindalco Industries (up 4.53%), NMDC (up 2.66%) and Hindustan Copper (up 8.6%) edged higher.
High Grade Copper for May 2016 delivery was currently off 0.49% at $2.2125 per pound on the COMEX.
Steel stocks rose after a foreign brokerage initiated coverage on Indian steel sector and assigned outperform rating on Tata Steel, JSW Steel and Jindal Steel and Power. JSW Steel (up 2.02%), Steel Authority of India (Sail) (up 4.05%) and Jindal Steel & Power (up 7.44%) rose. The brokerage reportedly cited factors such as bottoming out of inventory cycle, weakness in dollar and China demand stimulus among positives for the steel sector.

MARKET TURNOVER	18-Apr	20-Apr	NET%
NSE CASH	18723.74	20538.01	8.83
BSE CASH	2223.34	2706.85	17.86
NSE FUTURES	42380.70	50739.81	16.47
NSE OPTIONS	199058.69	261027.91	23.74
ADVANCE / DECLINE	ADV	DEC	UNCH
NSE	902	674	67
BSE	1471	1151	149
NIFTY GAINER	18-Apr	20-Apr	% CHG
TATASTEEL	335.55	357.45	6.53
HINDALCO	97.05	101.80	4.89
AXISBANK	445.25	459.10	3.11
BANKBARODA	148.10	152.65	3.07
GAIL	359.45	367.65	2.28
NIFTY LOOSER	18-Apr	20-Apr	% CHG
IDEA	116.90	120.70	-3.15
TCS	2450.35	2519.75	-2.75
INFRATEL	386.35	396.80	-2.63
RELIANCE	1037.30	1064.75	-2.58
ZEEL	399.90	407.75	-1.93
CASH SEGMENT VOLUME TOPPERS	18-Apr	20-Apr	VALUE (In crore)
TCS	2519.75	2450.35	791.70
MARUTI	3718.95	3670.05	672.66
TATASTEEL	335.55	357.45	647.61
HDFC	1132.40	1140.00	534.32
RELIANCE	1064.75	1037.30	517.97
TOP TRADED STOCK FUTURE	EXP. DATE	TRADE VALUE (Rs.)	NO. OF CONTRACTS
TATASTEEL	28/04/2016	19051862100	27083
TCS	28/04/2016	12281064450	24761
SBIN	28/04/2016	8180576000	21881
AXISBANK	28/04/2016	9054469550	19867
ICICIBANK	28/04/2016	6929496735	17170
TOP TRADED STOCK OPTION	STRIKE PRICE	OPTION TYPE	NO. OF CONTRACTS
TCS	2500	CE	8909
TCS	2600	CE	8403
SBIN	200	CE	7264
TCS	2550	CE	6849
SBIN	190	CE	6350

• Equities • Derivatives • Currencies • Commodities • Research • Consultancy • Depository
Corporate Office: A-6 | 4th Floor | Safal Profitaire | Corporate Road | Prahladnagar | Ahmedabad – 380051 |Gujarat | India.
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Daily Equity Research Report

April 21, 2016

AFFLUENCE SHARES AND STOCKS PRIVATE LIMITED

CORPORATE NEWS

Bharti Infratel slips on report Bharti Airtel to sell stake
TV18 Broadcast spurts after announcing Q4 results
Steel makers in demand
Tata Steel extends intraday gains
Supreme Petrochem hits record high after strong Q3 earnings
AC makers extend recent gains
Bulk buying from Morgan Stanley boosts Zee Learn
Volumes jump at PNC Infratech counter
Nalco drops after postponement of board meeting to consider buyback
Skipper gains after securing new orders
UltraTech Cement declines in volatile trade
Eveready Industries gains after CARE upgrades rating
Dr Reddy's Lab moves higher after commercial launch of migraine drug in US DCB Bank jumps over 10% in two trading
TCS declines as operating profit margin drops in Q4
Steel Strips Wheels spurts after winning export order
HDFC gains on plans to divest stake in life insurance arm
Tata Steel jumps after changes in leadership at UK subsidiary
CRISIL jumps after good Q1 results
TCS drops after announcing Q4 earnings

MOST ACTIVE CALLS	EXP. DATE	STRIKE PRICE	LTP
NIFTY	28-Apr-16	8000	40.80
NIFTY	28-Apr-16	8100	14.65
NIFTY	28-Apr-16	7900	89.50
NIFTY	28-Apr-16	8200	4.25
BANKNIFTY	28-Apr-16	16500	159.40
MOST ACTIVE PUTS	EXP. DATE	STRIKE PRICE	LTP
NIFTY	28-Apr-16	7900	53.95
NIFTY	28-Apr-16	7800	25.80
NIFTY	28-Apr-16	7700	12.65
NIFTY	28-Apr-16	7600	6.25
NIFTY	28-Apr-16	8000	103.20
INDICES LEVEL	NIFTY 50	SENSEX	NIFTY IT
CLOSE	7914.75	25844.18	11552.75
R3	8059.93	26318.17	11967.93
R2	7987.08	26078.64	11776.68
R1	7950.92	25961.41	11664.72
PIVOT	7914.23	25839.11	11585.43
S1	7878.07	25721.88	11473.47
S2	7841.38	25599.58	11394.18
S3	7768.53	25360.05	11202.93
ADR PRICE	LTP	VOLUME	%CHG
Dr. Reddy's Lab	47.25	288413	1.39
H D F C Bank	63.40	474520	0.24
I C I C I Bank	7.35	4070626	1.24
Infosys Technologies	19.35	4215283	0.31
MakeMy Trip Ltd.	19.38	75666	-1.27
REDIFF.COM	0.69	11950	-2.80
SATYAM INFOWAY	1.34	101952	4.69
Tata Motors	30.79	1070723	0.82
Wipro	12.97	690824	0.70
BULK DEALS	BUY/SELL	QUANTITY	TRADE PRICE
ANGIND	BUY	75000	30.17
ANGIND	BUY	75000	30.17
ANGIND	BUY	75000	30.17
CHROMATIC	BUY	643294	3.96

• Equities • Derivatives • Currencies • Commodities • Research • Consultancy • Depository
Corporate Office: A-6 | 4th Floor | Safal Profitaire | Corporate Road | Prahladnagar | Ahmedabad – 380051 |Gujarat | India.
Call: +91 79 6777 6555 | Fax: +91 6777 6556 | Email: research@affluence.ooo | Web: www.affluence.ooo

Daily Equity Research Report

April 21, 2016

AFFLUENCE SHARES AND STOCKS PRIVATE LIMITED

MARKET OUTLOOK

NIFTY 50 0.01%
NET CHG 0.05
OPEN 7950.05
HIGH 7950.40
LOW 7877.55
CLOSE 7914.75

SENSEX 0.11%
NET CHG 27.82
OPEN 25942.34
HIGH 25956.34
LOW 25716.81
CLOSE 25844.18

NIFTY IT -0.38%
NET CHG -44.50
OPEN 11697.40
HIGH 11697.40
LOW 11506.15
CLOSE 11552.75

Nifty View 21st April 2016 (Previous Close 7914):
Yesterday, Index opened with a positive bias, dipped initially up to 7675, however late afternoon saw a decent bounce up to 7715 & finally closed the day up 0.50% for the day.
Post Gap up opening, Initially Till Index holds 7910, and this rebound could continue up to 8000-8100. Break below 7850, will lead to a retest of 7660-7620 supports.
On the Derivatives Front, Highest OI is witnessed in 8000 calls with unwinding to the tune of 3.3 & 5 Lakhs each were witnessed in 7700-7900 Calls while additions was witnessed in 7700 & 7600 Puts to the tune of 15 & 7 lakhs each with Highest Put OI at 7500 implies that on a broader time-frame, 7650-7670 is an extremely crucial support & 7790-7810 is a strong resistance.
Positional Range: 7700 – 7815.

• Equities • Derivatives • Currencies • Commodities • Research • Consultancy • Depository
Corporate Office: A-6 | 4th Floor | Safal Profitaire | Corporate Road | Prahladnagar | Ahmedabad – 380051 |Gujarat | India.
Call: +91 79 6777 6555 | Fax: +91 6777 6556 | Email: research@affluence.ooo | Web: www.affluence.ooo

Daily Equity Research Report

April 21, 2016

AFFLUENCE SHARES AND STOCKS PRIVATE LIMITED

PIVOT TABLE

SCRIP	HIGH	LOW	CLOSE	S3	S2	S1	PIVOT	R1	R2	R3
ACC	1481.50	1460.25	1467.65	1427.30	1448.55	1458.10	1469.80	1479.35	1491.05	1512.30
ADANIPORTS	236.30	231.50	233.50	224.17	228.97	231.23	233.77	236.03	238.57	243.37
AMBUJACEM	231.45	225.55	226.25	215.95	221.85	224.05	227.75	229.95	233.65	239.55
ASIANPAINT	887.75	875.25	885.80	857.93	870.43	878.12	882.93	890.62	895.43	907.93
AXISBANK	460.65	444.35	459.10	422.10	438.40	448.75	454.70	465.05	471.00	487.30
BAJAJ-AUTO	2572.40	2512.30	2532.80	2418.97	2479.07	2505.93	2539.17	2566.03	2599.27	2659.37
BANKBARODA	153.70	146.50	152.65	136.55	143.75	148.20	150.95	155.40	158.15	165.35
BHARTIARTL	364.35	354.10	356.65	337.87	348.12	352.38	358.37	362.63	368.62	378.87
BHEL	134.25	131.80	132.95	128.10	130.55	131.75	133.00	134.20	135.45	137.90
BOSCHLTD	20299.00	19917.55	19988.05	19305.30	19686.75	19837.40	20068.20	20218.85	20449.65	20831.10
BPCL	969.70	951.05	954.25	921.03	939.68	946.97	958.33	965.62	976.98	995.63
CAIRN	152.45	147.85	150.15	140.95	145.55	147.85	150.15	152.45	154.75	159.35
CIPLA	530.40	519.25	527.20	503.32	514.47	520.83	525.62	531.98	536.77	547.92
COALINDIA	282.00	276.15	278.65	267.23	273.08	275.87	278.93	281.72	284.78	290.63
DRREDDY	3130.00	3099.35	3108.75	3051.40	3082.05	3095.40	3112.70	3126.05	3143.35	3174.00
GAIL	370.50	358.25	367.65	340.97	353.22	360.43	365.47	372.68	377.72	389.97
GRASIM	4139.00	4058.75	4093.05	3936.43	4016.68	4054.87	4096.93	4135.12	4177.18	4257.43
HCLTECH	862.50	835.50	841.20	792.40	819.40	830.30	846.40	857.30	873.40	900.40
HDFC	1158.65	1135.00	1140.00	1097.25	1120.90	1130.45	1144.55	1154.10	1168.20	1191.85
HDFCBANK	1100.00	1083.55	1097.85	1060.90	1077.35	1087.60	1093.80	1104.05	1110.25	1126.70
HEROMOTOCO	3079.40	3002.50	3039.10	2886.53	2963.43	3001.27	3040.33	3078.17	3117.23	3194.13
HINDALCO	102.40	98.25	101.80	92.52	96.67	99.23	100.82	103.38	104.97	109.12
HINDUNILVR	906.00	893.15	904.10	875.38	888.23	896.17	901.08	909.02	913.93	926.78
ICICIBANK	239.60	234.10	238.05	226.25	231.75	234.90	237.25	240.40	242.75	248.25
IDEA	121.45	116.60	116.90	108.62	113.47	115.18	118.32	120.03	123.17	128.02
INDUSINDBK	988.95	973.55	983.85	951.32	966.72	975.28	982.12	990.68	997.52	1012.92
INFY	1246.45	1225.80	1243.60	1197.32	1217.97	1230.78	1238.62	1251.43	1259.27	1279.92
ITC	338.30	332.60	335.50	324.07	329.77	332.63	335.47	338.33	341.17	346.87
KOTAKBANK	692.00	680.20	687.15	662.85	674.65	680.90	686.45	692.70	698.25	710.05
LT	1267.95	1248.00	1265.95	1220.73	1240.68	1253.32	1260.63	1273.27	1280.58	1300.53
LUPIN	1590.00	1555.40	1572.60	1503.47	1538.07	1555.33	1572.67	1589.93	1607.27	1641.87
M&M	1344.95	1304.30	1326.05	1243.80	1284.45	1305.25	1325.10	1345.90	1365.75	1406.40
MARUTI	3724.35	3651.00	3670.05	3535.10	3608.45	3639.25	3681.80	3712.60	3755.15	3828.50
NTPC	141.75	139.10	141.30	135.42	138.07	139.68	140.72	142.33	143.37	146.02
ONGC	210.70	208.05	209.85	204.23	206.88	208.37	209.53	211.02	212.18	214.83
PNB	84.85	82.05	84.30	78.13	80.93	82.62	83.73	85.42	86.53	89.33
POWERGRID	149.90	145.15	148.00	138.18	142.93	145.47	147.68	150.22	152.43	157.18
RELIANCE	1069.20	1035.80	1037.30	980.63	1014.03	1025.67	1047.43	1059.07	1080.83	1114.23
SBIN	188.65	184.10	187.30	177.58	182.13	184.72	186.68	189.27	191.23	195.78
SUNPHARMA	836.10	825.20	828.55	808.15	819.05	823.80	829.95	834.70	840.85	851.75
TATAMOTORS	410.35	400.65	404.10	385.63	395.33	399.72	405.03	409.42	414.73	424.43
TATAPOWER	71.50	69.50	70.55	66.52	68.52	69.53	70.52	71.53	72.52	74.52
TATASTEEL	359.30	337.70	357.45	308.28	329.88	343.67	351.48	365.27	373.08	394.68
TCS	2534.90	2440.00	2450.35	2285.28	2380.18	2415.27	2475.08	2510.17	2569.98	2664.88
TECHM	488.50	476.00	483.55	457.68	470.18	476.87	482.68	489.37	495.18	507.68
ULTRACEMCO	3454.90	3353.25	3366.55	3188.27	3289.92	3328.23	3391.57	3429.88	3493.22	3594.87
VEDL	107.15	98.60	106.35	86.93	95.48	100.92	104.03	109.47	112.58	121.13
WIPRO	607.00	589.60	601.25	564.48	581.88	591.57	599.28	608.97	616.68	634.08
YESBANK	894.70	877.00	881.90	849.13	866.83	874.37	884.53	892.07	902.23	919.93
ZEEL	411.75	398.45	399.90	376.77	390.07	394.98	403.37	408.28	416.67	429.97
ZEEL	411.75	398.45	399.90	376.77	390.07	394.98	403.37	408.28	416.67	429.97

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Daily Equity Research Report

April 21, 2016

AFFLUENCE SHARES AND STOCKS PRIVATE LIMITED

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