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FIRST MORNING TECHNICAL CALL T E C H N I C A L S · a flattish note. Now it needs to hold above...

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MARKET OUTLOOK NIFTY SENSEX BANK NIFTY HIGH 7778 25480 16283 LOW 7702 25223 16062 CLOSE 7738 25342 16142 PIVOT 7739 25348 16162 R 1 7777 25473 16262 R 2 7815 25605 16383 S 1 7701 25217 16042 S 2 7664 25092 15941 FIRST MORNING TECHNICAL CALL Friday, April 1, 2016 11305 11393 11476 11221 11133 PIVOT TABLE SENSEX (25342) BSE Sensex opened flat to positive as it headed towards 25480 levels in the early hours of trade. The up move was short lived as index drifted towards 25200 levels in the second half of the session. However in the last half an hour of trade the bulls managed to pull the index by around 120 points from day’s low levels and the session ended on a flattish note. Now it needs to hold above 25250 to continue its positive momentum towards 25500 then 25800 zones, while on the downside immediate support exists at around 25000 then 24800 zones. T E C H N I C A L S S&P BSE~SENSEX NIFTY 50 NIFTY (7738) Nifty 50 opened on a flattish note but buying at the lower levels pulled the index towards 7777 levels. However, it failed to sustain the same and drifted towards 7700 levels in the second half of the session. Finally, the last trading session of the March month ended on a flattish note. It managed to respect its immediate support of 7700 mark and also closed above 7720 zones for second consecutive session. It has been struggling to hold above 7720-7750 zones from last seven trading sessions and now it needs to hold the same to continue its positive momentum towards 7800 then 7850 zones, while on the downside immediate support exists at around 7660 then 7580 zones. CNX IT 11388 11216 11309 COMMENTS
Transcript
Page 1: FIRST MORNING TECHNICAL CALL T E C H N I C A L S · a flattish note. Now it needs to hold above 25250 to continue its positive momentum towards 25500 then 25800 zones, while on the

MARKET OUTLOOK

NIFTY SENSEX BANK NIFTY

HIGH 7778 25480 16283

LOW 7702 25223 16062

CLOSE 7738 25342 16142

PIVOT 7739 25348 16162

R 1 7777 25473 16262

R 2 7815 25605 16383

S 1 7701 25217 16042

S 2 7664 25092 15941

FIRST MORNING TECHNICAL CALL

Friday, April 1, 2016

11305

11393

11476

11221

11133

PIVOT TABLE

SENSEX (25342) BSE Sensex opened flat to positive as it headed towards

25480 levels in the early hours of trade. The up move was short lived as

index drifted towards 25200 levels in the second half of the session.

However in the last half an hour of trade the bulls managed to pull the

index by around 120 points from day’s low levels and the session ended on

a flattish note. Now it needs to hold above 25250 to continue its positive

momentum towards 25500 then 25800 zones, while on the downside

immediate support exists at around 25000 then 24800 zones.

T E C H N I C A L S

S&P BSE~SENSEX

NIFTY 50

NIFTY (7738) Nifty 50 opened on a flattish note but buying at the lower levels pulled the index towards 7777 levels. However, it failed to sustain the same and drifted towards

7700 levels in the second half of the session. Finally, the last trading session of the March month ended on a flattish note. It managed to respect its immediate support of 7700

mark and also closed above 7720 zones for second consecutive session. It has been struggling to hold above 7720-7750 zones from last seven trading sessions and now it needs

to hold the same to continue its positive momentum towards 7800 then 7850 zones, while on the downside immediate support exists at around 7660 then 7580 zones.

CNX IT

11388

11216

11309

COMMENTS

Page 2: FIRST MORNING TECHNICAL CALL T E C H N I C A L S · a flattish note. Now it needs to hold above 25250 to continue its positive momentum towards 25500 then 25800 zones, while on the

530.00

TARGET

TARGET

285.00

STOP LOSS

VOLTAS has been making higher top - higher bottom formation from last

thirty one trading sessions and holding the gains above 50 DMA. It is also

making higher highs from last five consecutive weeks and support base is

continuously shifting to higher levels with rising trading volumes. It gave

the highest daily close of last thirty four trading sessions. So we are

recommending to buy the stock with stop loss of 267 for the upside

immediate target of 285 levels.

IGARSHI gave a classical example of resistance becoming support. Earlier

it was finding hurdle at 525-530 levels and now the same is acting as

support. It has formed a short term flag and pole pattern on daily chart as

after a strong run from 500 to 565 levels it moved sideways and now it is

again set for a fresh rally towards 565 and higher levels. So we are

recommending to buy the stock with stop loss of 530 for the upside

immediate target of 565 levels.

267.00

565.00

STOP LOSS

FIRST MORNING TECHNICAL CALL

Friday, April 1, 2016

IGARASHI MOTORS: Rs.552

TECHNICAL CALLS

EXECUTION PRICE RANGE

Buy Between Rs.537 To Rs.542

VOLTAS : Rs.278EXECUTION PRICE RANGE

Buy Between Rs.271 To Rs.274

Page 3: FIRST MORNING TECHNICAL CALL T E C H N I C A L S · a flattish note. Now it needs to hold above 25250 to continue its positive momentum towards 25500 then 25800 zones, while on the

INDICES CLOSE

SENSEX 25342

NIFTY 7738 CLOSE % SYMBOL CLOSE %

60.1 3.98 IDFC 40.5 4.39

7.6 3.66 TATA POWER 64.7 3.19

64.7 3.27 Zee Entertainment Enterprises Ltd.387.0 2.76Rs. (Cr.) YEST'DAY 2516.1 1.11 INDUSIND 967.6 2.21

BSE Cash 2546 1218.0 1.01 ULTRATECHCEM 3228.8 1.40

NSE Cash 27393

Derviatives(bn) 5060

DII Equity -397 CLOSE % SYMBOL CLOSE %

FII Equity 1442 89.9 -1.96 VEDANTA LTD 89.9 -1.96

FII F&O -905 194.3 -1.65 SBI 194.3 -1.67

319.5 -1.51 COAL INDIA 292.0 -1.65

292.0 -1.50 ASIAN PAINT 868.4 -1.53

214.8 -1.42 TATA STEEL 319.7 -1.42

EXCHANGE ADV

BSE 1302

NSE 800

CLOSE % SYMBOL CLOSE %

Lycos Internet Ltd 18.8 10.59 RICOH INDIA LTD 422.0 -4.95ADR CLOSE SE Investments Ltd 198.4 10.22 Indian Hotels Co Ltd 99.0 -3.42

Infosys 18.7 OCL India Ltd 484.0 7.23 Sundram Fasteners Ltd 170.8 -3.34

HDFC Bank 59.2 Hathway Cable & Datacom Ltd 38.8 6.02 Deepak Fertilisers & Petrochemicals Corp Ltd147.7 -3.05

Wipro 12.4 Adani Power Ltd 34.5 5.67 Himachal Futuristic Communications Ltd16.2 -2.99

ICICI Bank 6.8 NHPC Ltd 24.2 5.46 Jagran Prakashan Ltd 157.6 -2.99

Sterlite Inds. 15.7 Max Financial Services Ltd 341.5 5.19 Bliss Gvs Pharma Ltd 125.5 -2.98

Dr. Reddy's Lab 44.4 Jubilant Life Sciences Ltd 416.9 5.11 Linde India Ltd 267.0 -2.91

Nestle India Ltd 5757.4 5.06 Tree House Education and Accessories Ltd75.9 -2.88

Mahindra CIE Automotive Ltd 196.2 5.03 ISGEC Heavy Engineering Ltd4095.5 -2.72

Dynamatic Technologies Ltd 1737.6 4.98 Bajaj Hindusthan Sugar Ltd20.0 -2.68INDICES CLOSE INDICES CLOSE % Hindustan Zinc Ltd 183.6 4.88 Mphasis Ltd 491.8 -2.58

CNX Bank 16142 BSE MIDcap 10619 0.68 FDC Ltd/India 185.2 4.87 Akzo Nobel India Ltd 1364.0 -2.58

CNX IT 11309 BSE SmallCap 10542 0.46 DCB Bank Ltd 79.3 4.55 Vaibhav Global Ltd 320.0 -2.54

CNX Reality 157 BSE 200 3259 0.26 Ajanta Pharma Ltd 1433.0 4.53 KSK Energy Ventures Ltd 32.9 -2.52

CNX FMCG 19764 60.3 4.42 Religare Enterprises Ltd 286.5 -2.40

CNX Infra 2548 7.46 40.5 4.39 JBF Industries Ltd 181.0 -2.32

CNX Pharma 10989 66.25 675.5 4.14 Kalpataru Power Transmission Ltd205.1 -2.26

BSE Auto 18002 94.68 390.3 4.12 Sterlite Technologies Ltd 90.5 -2.22

BSE Metal 7541 39.24 71.7 4.07 Alok Industries Ltd 4.5 -2.17

CNX MNC 8966 1233.60 7.7 4.05 Finolex Cables Ltd 281.2 -2.16

BSE 500 10185 15.34 266.5 4.00 Aarti Industries 515.5 -2.13

Nifty Midcap 3201 PE CURRENT AVG 1276.9 3.86 Westlife Development Ltd 195.0 -2.01

BSE 100 7835 NIFTY 19.5 19.7 81.2 3.77 NMDC Ltd 98.0 -2.00

73.2 3.76 Sunrise Asian Ltd 24.7 -1.98

0.49

ONGC

Infosys

TOP OUTPERFORMERS

1.05

SECTORAL INDICES

3.80

60.86

INDIAN ADR's

18162

4538

-29.19

HeidelbergCement India Ltd

IDFC Ltd

JK Cement Ltd

NIFTYSENSEX

Jindal Steel

SYMBOL

Jubilant Foodworks Ltd

IL&FS Transportation Networks Ltd

Jaiprakash Associates Ltd

Motherson Sumi Systems Ltd

Friday, April 1, 2016

CHANGE

3596

Housing Development & Infrastructure Ltd

Blue Star Ltd

SESA Goa

SBI

TURNOVER & MARKET CAP

INSTITUTIONAL ACTIVITIES-557 -28.70

513 180.94

0.01

Brent Crude ($)

Gold ($)

2.51

PREV.CLOSE

12.53

0.01

% CHG

1.27

19.16

2.87

TOTAL

PREV.DAY

DECLINES

-1569 -42.31

$ Index

BSE NSE

0.55

0.37

-0.13

INDIAN INDICES

3.20

15.90

45.48

Jindal Steel & Power Ltd

0.16

Silver ($)

RS/$

OTHER IMP.DATA10 Yr Gsec yield

0.72

%

FIRST MORNING TECHNICAL CALL

TCS

0.04

JP Asso.

% CHG

Tata power

TOP UNDERPERFORMERS773 2075

% CHG

3.28

-0.77

0.26

0.27

0.26

7.10

0.04

2.36

BSE 500

SYMBOL

50.82

11.51

TOP UNDERPERFORMERS

SYMBOL

NIFTYSENSEX

TOP OUTPERFORMERS

Tata Steel

Coal IndiaADVANCES & DECLINES

753 1553

Page 4: FIRST MORNING TECHNICAL CALL T E C H N I C A L S · a flattish note. Now it needs to hold above 25250 to continue its positive momentum towards 25500 then 25800 zones, while on the

SCRIP NAME OPEN HIGH LOW CLOSE PIVOT R 2 S 1 S 2 TRENDER+

ACC 1395 1395 1362 1382 1380 1413 1364 1347 UP

AMBUJA CEMENT 232 234 230 233 232 236 230 228 UP

ASIAN PAINTS 881 884 865 868 873 892 861 853 Flat

AXIS BANK 444 449 438 444 444 455 438 433 UP

BAJAJ AUTO 2418 2457 2392 2406 2418 2483 2380 2354 UP

BHARTI AIRTEL 354 357 346 351 351 362 346 341 Down

BHEL 114 116 113 114 114 117 113 111 Down

BPCL 904 922 899 904 908 931 895 885 UP

CAIRN INDIA 155 158 151 154 154 161 150 147 Down

CIPLA 513 519 508 512 513 524 507 502 UP

COAL INDIA 298 298 291 292 294 301 289 287 Down

LUPIN 1492 1503 1470 1479 1484 1516 1465 1451 UP

Dr.REDDY'S LABS 3022 3063 3004 3035 3034 3093 3005 2974 UP

GAIL INDIA 359 363 352 356 357 367 352 347 Down

GRASIM INDS 3842 3865 3812 3844 3840 3893 3816 3788 UP

HCL TECH 815 825 810 814 816 831 808 801 Flat

HDFC 1111 1119 1098 1106 1108 1128 1096 1087 Down

HDFC BANK 1067 1079 1062 1071 1071 1088 1062 1054 UP

HERO MOTOCORP 2921 2986 2919 2946 2950 3017 2915 2883 UP

HINDALCO 88 89 87 88 88 90 87 85 UP

HINDUSTAN UNILEVER 856 876 856 870 867 887 858 847 UP

ICICI BANK 238 241 234 237 237 245 233 230 UP

IDEA 109 115 108 110 111 118 107 104 UP

IDFC 39 41 38 40 40 42 39 37 UP

INDUSIND BANK 946 970 937 968 958 991 946 925 UP

INFOSYS 1210 1230 1200 1218 1216 1246 1202 1187 UP

ITC 326 333 325 328 329 336 325 321 UP

ULTRATECH CEMENT 3222 3255 3181 3229 3221 3296 3188 3147 UP

TECH MAHINDRA 475 483 473 475 477 487 471 467 UP

KOTAK MAHINDRA BANK 677 695 677 681 684 702 674 666 UP

LARSEN & TOUBRO 1226 1230 1212 1217 1219 1238 1209 1201 Down

MAHINDRA & MAHINDRA 1219 1228 1204 1211 1214 1238 1201 1190 Down

MARUTI SUZUKI 3740 3765 3664 3716 3715 3816 3665 3614 UP

ADSEZ 247 250 241 248 246 255 243 238 UP

NTPC 130 132 128 129 130 133 127 126 UP

ONGC 215 218 212 214 215 220 212 209 Down

POWERGRID 139 140 139 139 139 141 138 137 UP

PUNJAB NATIONAL BANK 85 86 84 85 85 87 84 83 UP

RELIANCE INDS 1041 1056 1033 1045 1045 1068 1033 1021 UP

ZEE ENTERTAINMENT ENTERPRISES LIMITED378 388 373 387 383 398 377 367 Flat

SAIL 44 44 43 43 43 44 43 42 Down

SBI 198 199 192 194 195 202 191 189 UP

VEDANTA Ltd 94 97 89 90 92 99 87 84 Down

YES BANK 863 876 859 865 866 883 857 849 UP

SUNPHARMA 812 830 812 820 821 838 811 803 Flat

TATA MOTORS 388 394 381 387 387 400 380 374 UP

TATA POWER 63 65 63 65 64 66 63 62 UP

TATA STEEL 325 326 314 320 320 331 314 309 UP

TCS 2478 2550 2472 2520 2514 2592 2478 2436 UP

WIPRO 562 570 557 564 564 577 558 551 UP

325

3869

570

1057

874

95

198

44

393

1112 - 1091

DAILY PROJECTED RANGE

515 - 504

295 - 288

1397

925 - 902

452 - 441

1083 - 1067

1117

1224

1227

356

115

918

158

518

296

1498

41

3064

362

234

878

980

1388 - 1356

2444

115 - 112

823

2431 - 2367

354 - 343

3079 - 3019

1079

131

43 - 42

3766

251

130 - 127

393

65

829 834 - 816

2556

1232

332

3262

481

691

2981

89

66 - 64

1062 - 1039

42 - 39

1223 - 1205

1219 - 1196

3741 - 3640

253 - 245

241

697 - 679

3279 - 3205

479 - 469

86

140

217

197 - 190

574 - 561

879 - 862

86 - 84

323 - 311

390 - 377

93 - 86

396 - 380

819 - 805

156 - 149

3881 - 3828

239 - 231

1239 - 1209

334 - 327

986 - 952

2999 - 2932

90 - 87

2574 - 2496

216 - 210

141 - 139

360 - 349

449

TRENDER+ OF NIFTY 50 STOCKS

876 - 857

235 - 231

1491 - 1458

R 1

880

114 116 - 109

Friday, April 1, 2016

FIRST MORNING TECHNICAL CALL

883 - 863

Page 5: FIRST MORNING TECHNICAL CALL T E C H N I C A L S · a flattish note. Now it needs to hold above 25250 to continue its positive momentum towards 25500 then 25800 zones, while on the

TREND

CLOSING PRICES

Trend is the level at which the tendency of stocks can be identified. For best results, you can use the 'trender' to trade. A 'weak' trend denoted by “DOWN” means that traders can trade with a negative bias. If the trend is 'strong',denoted by “UP”, one can trade with a positive bias on

the long side. Base price should be the pivot point price.

IF THE TREND IS UP

Tel No: +91 22 4001 3700 | Fax No: +91 22 4001 3770 | Website: www.rathi.com

ANAND RATHI SHARE AND STOCK BROKERS LIMITED 4 th Floor , Silver Metropolis, Jaicoach Compound Opposite Bimbisar Nagar,Goregaon(East), Mumbai - 400063.

Ideally, for a sell position, sell at the pivot point and use R1 as a stop loss and S2 or lower levels as a target level.

IF THE TREND IS DOWN

Ideally, for a buy position, buy at the pivot point and use S1 as the stop loss for a target of levels around R2 and higher.

THE TREND AND THE DAILY PROJECTED RANGE IS BASED ON CERTAIN SIMPLE CALCULATIONS WHICH IS PROVIDED BY BLOOMBERG, EXCLUSIVELY USED BY ANAND RATHI

DAILY PROJECTED RANGE : Projected Daily high and low are indicative range for the day, if the price moves out of the range the trend in that side may accelerate and turn bullish or bearish.

TRENDER + : This is a broad based technical trend of the stock prevailant, may or may not be necessarily for the day.

Friday, April 1, 2016

Closing price is the price at which scrip closes on the date mentioned in the report. Traders may initiate their intraday trade on this level. The stock or index should sustain above or below the pivot else you should exit the trade.

HOW TO TRADE USING THE TRENDER+

FIRST MORNING TECHNICAL CALL

Disclaimer:-Thisreport has been issued by Anand Rathi Share and Stock Brokers Limited (ARSSBL), which is regulated by SEBI. The informationherein was obtained from various sources; we do not guarantee its accuracy or completeness. Neither the information nor any opinion expressed constitutes an offer, or an invitation to make an offer, to buy or sell any securities or any options, futures or other derivatives related to such securities ("related investments"). ARSSBL and its affiliatesmay trade for their own accounts as market maker / jobber and/or arbitrageur in any securities of this issuer(s) or in related investments, and may be on the opposite side of public orders. ARSSBL, its affiliates, directors, officers, and employees may have a long or short position in any securities of this issuer(s) or in related investments. ARSSBL or its affiliatesmay from time to time perform investment banking or other services for, or solicit investment banking or other business from, any entity mentioned in this report. This research report is prepared for private circulation. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investors should seek financial advice regarding the ppropriateness of investing in any securities or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each security's price or value may rise or fall. Past performance is not necessarily a guide to future performance. Foreign currency rates of exchange may adversely affect the value, price or income of any security or related investment mentioned in this report.

Disclaimer:-Thisreport has been issued by Anand Rathi Share and Stock Brokers Limited (ARSSBL), which is regulated by SEBI. The informationherein was obtained from various sources; we do not guarantee its accuracy or completeness. Neither the information nor any opinion expressed constitutes an offer, or an invitation to make an offer, to buy or sell any securities or any options, futures or other derivatives related to such securities ("related investments"). ARSSBL and its affiliatesmay trade for their own accounts as market maker / jobber and/or arbitrageur in any securities of this issuer(s) or in related investments, and may be on the opposite side of public orders. ARSSBL, its affiliates, directors, officers, and employees may have a long or short position in any securities of this issuer(s) or in related investments. ARSSBL or its affiliatesmay from time to time perform investment banking or other services for, or solicit investment banking or other business from, any entity mentioned in this report. This research report is prepared for private circulation. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investors should seek financial advice regarding the ppropriateness of investing in any securities or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each security's price or value may rise or fall. Past performance is not necessarily a guide to future performance. Foreign currency rates of exchange may adversely affect the value, price or income of any security or related investment mentioned in this report.


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