Morning Notes
LKP Advisory
14 Oct-2014
FII's & DII's in equity
Indices
13-Oct
10-Oct
% Chg.
Major Indices
13-Oct
10-Oct
% Chg.
S&P BSE SENSEX
26,384
26,297
0.33%
CAC 40 Index
4,079
4,074
0.12%
13-Oct
7,884
7,860
0.31%
DAX Index
8,812
8,789
0.27%
9,490
9,444
0.48%
Dow Jones Industrial Av
16,321
16,544
-1.35%
10,646
10,611
0.33%
FTSE 100 Index
6,366
6,340
0.41%
FII's contribution to the total turnover
36%
Nasdaq Composite Inde
4,214
4,276
-1.46%
DII's contribution to the total turnover
17%
FII's in Derivatives
S&P CNX NIFTY
S&P BSE MID CAP
S&P BSE SMALL CAP
Rs.Crs
Buy
Sell
Net
FII' Investments
2481
3152
-671
DII's Investments
1619
1052
567
BSE Sectoral Indices
S&P BSE METAL
11,081
10,931
1.37%
Major Asian Indices
13-Oct
10-Oct
% Chg.
S&P BSE BANKEX
17,933
17,694
1.35%
Hang Seng
23,143
23,089
0.24%
S&P BSE IT
13-Oct
Rs.Crs
Index Fut Index Opt
Stock Fut Stock Opt
10,805
10,681
1.17%
Nikkei 225
15,301
15,301
0.00%
Net
-822
648
-21
-10
S&P BSE TECk
5,947
5,889
0.97%
KOSPI Index
1,927
1,941
-0.71%
OI
10327
65573
43144
2331
S&P BSE PSU
7,840
7,780
0.77%
SSE Composite Index (S
2,366
2,375
-0.36%
Chg.OI
-1.0%
2.7%
1.0%
S&P BSE POWER
2,010
2,007
0.14%
Taiwan Weighted
8,711
8,966
-2.84%
FIIs' contribution to the total Derivatives turnove
S&P BSE OIL & GAS
10,765
10,754
0.11%
S&P BSE AUTO
17,335
17,348
-0.08%
Commodities (MCX)
13-Oct
10-Oct
% Chg.
13-Oct
10-Oct
9,582
9,590
-0.09%
Aluminium (31OCT2014
118
118
0.04%
USDINR 29-OCT-2014
61.31
61.53
-0.36%
14,280
14,352
-0.50%
Copper (28NOV2014)
413
414
-0.27%
EURINR 29-OCT-2014
77.80
77.94
-0.18%
S&P BSE CONSUMER DURA
S&P BSE CAPITAL GOODS
% Chg.
7,312
7,351
-0.54%
Crude (20OCT2014)
5,219
5,284
-1.23%
JPYINR 29-OCT-2014
57.13
57.15
-0.03%
13,559
13,702
-1.04%
Gold (5DEC2014)
26,972
26,964
0.03%
FTSE100 (17-Oct-2014)
6306
6443
-2.13%
1,564
1,592
-1.79%
Silver (5DEC2014)
38,336
38,512
-0.46%
S&P500 (17-Oct-2014)
1904
1924
-1.04%
S&P BSE FMCG
S&P BSE HEALTHCARE
Futures (NSE)
5%
19%
S&P BSE REALTY
C o m pa ny
TA TA P OWER
C hg
% C hg
2
2.7
C o m pa ny
M &M
LT P
1267
C hg
% C hg
-50
-3.8
NM DC
156
4
2.4
DLF
147
-5
-3.5
636
13
2.1
CIP LA
576
-16
-2.7
TA TA STEEL
457
9
2.0
DRREDDY
2940
-59
-2.0
P NB
917
17
1.9
SUNP HA RM A
806
-15
-1.8
C hg
% C hg
C hg
% C hg
LT P
C o m pa ny
FEDERA LB NK
136
7
5.6
UNITECH
B A NKINDIA
248
9
3.6
DLF
76
2
3.2
M &M
SA IL
TA TA P OWER
UNIONB A NK
C o m pa ny
SINTEX
LT P
19
-1
147
-6
-3.9
-3.7
1270
-48
-3.7
85
2
2.9
GODREJCP
947
-31
-3.1
206
6
2.8
CIP LA
576
-16
-2.7
C hg
% C hg
C hg
% C hg
-5.0
LT P
C o m pa ny
LT P
87
14
19.7
TRITRA DE
33
-2
B FUTILITIE
647
100
18.3
RA SOYP R
7
-0.4
-4.9
ESSA RP ORTS
108
17
18.2
A M TEKA UTO
182
-9
-4.6
1467
147
11.1
JETA IRWA YS
234
-10
-4.2
74
7
9.7
UNITECH
19
-1
-3.9
SYM P HONY
STRTECH
C o m pa ny
C hg
% C hg
SP ICEM OB I
35
6
20.0
KDJHRL
42
-3
-6.3
ESSA RSHP NG
24
4
20.0
LIFELINE
273
-18
-6.2
IM FA
249
39
18.8
GENUSP OWER
25
-1
-5.6
A P LA P OLLO
317
31
10.9
VA A RA D
8
-0.4
-4.9
70
6
10.1
SA NGHIIND
59
-3
-4.9
NITINFIRE
85
INDUSINDB K
C o m pa ny
LT P
LT P
C o m pa ny
LT P
C hg
% C hg
Domestic Market View Markets likely to get a cautious but positive start
The Indian markets made a bounce back in second half,
especially in the final hours of the trade in last session, to
end higher. Today, the start is likely to be cautious, though
traders will be reacting positively to the report that the
September retail inflation declined to 6.46 percent, lowest
since the new series of Consumer Price Index was released
in January 2012 and much below the RBI target of 8
percent by January 2015. However, there will be some
concern too, with RBI governor Raghuram Rajan stating
that Indian economic recovery is still uneven, although he
has exuded optimism that the country will be “solidly” in the
5 percent growth bracket during the course of this fiscal and
accelerate further in the next financial year.
There will be some buzz in the markets with the report that
Securities and Exchange Board of India (Sebi) will allow
investors to tender their shares during delisting offers on
stock exchanges, which will help reduce their tax
outgo.Traders will also be reacting to the better than
expected numbers of market heavyweight Reliance
Industries, the company’s consolidated net profit for second
quarter inched up by1.7% from a year ago and remained
flat sequentially. However, its gross refining margins
(GRM), fell for the second consecutive quarter mainly due
to lower middle distillate cracks.
Domestic Market Overview
Late hour buying help benchmarks to end positive
Indian equity benchmarks staged a smart recovery in last leg of trade on Monday and ended the session in
green with modest gains, supported by short-covering in beaten down but fundamentally strong stocks.
Nevertheless, traders remained cautious ahead of Consumer Price Index (CPI) data to be announced later
in the day; however it is expected to ease to 7.2 per cent for the September as compared to 7.8 per cent
reported in the month of August, helped by lower food and fuel costs. Earlier in the day, benchmark indices
languished in the negative territory till early noon trades and even went on to test important psychological
26,100 (Sensex) and 7,800 (Nifty) levels, but the key gauges got solid support around those intraday low
levels as they convalesced from thereon.
Appreciation in Indian rupee against dollar supported the sentiments. Some support also came after Finance
Minister Arun Jaitley has given the go-ahead for a major overhaul of the current monetary policy framework
wherein the Centre will specify ‘inflation targets’ for the Reserve Bank of India (RBI) to achieve and the RBI
will set inflation as its top priority in its policy statements. However, gains remained capped after August
industrial output disappointed street. Index of Industrial Product (IIP) rose by just 0.4 per cent in August,
substantially below the expectation of 2.4 per cent. Meanwhile, JP Morgan lowered its India GDP growth
forecast for 2014-15 to 5.1% from 5.3% because of weak factory output data.
Meanwhile, shares related to banking counter remained on buyers’ radar after IndusInd Bank reported
better-than-expected numbers. The bank has posted a rise of 30.27% in its net profit at Rs 430.20 crore for
Q2FY15 as compared to Rs 330.23 crore for the same quarter in the previous year. Total income too
increased by 20.60% at Rs 2937.03 crore from Rs 2435.30 crore for the quarter ended September 30, 2013.
Metal shares too edged higher on the back of encouraging trade data from China, the world’s largest
consumer of metals. Additionally, Technology stocks gained for the second day after Infosys’ earnings on
Friday that beat expectations. On the flip side, capital goods stocks ended lower amid weak August industrial
production data. Industrial growth refused to pick up pace in August, falling to the lowest this financial year
so far at 0.4% over a year earlier from a 0.5% in July.
Global Market Overview
Asian markets end mostly in red on Monday
Asian markets ended mostly in red on Monday, as investors worried about global economic health.
Japanese market remained shut for the trade today on account of ‘Health-Sports Day’ holiday. Chinese
exports increased 15.3% from a year earlier compared with the 12% median estimate. Imports rose 7%,
against projections for a 2% decline, leaving a trade surplus of $31 billion. China will release inflation data on
October 15, while money supply data is scheduled for today. Indonesia’s vice finance minister stated that the
country’s current account deficit shrank in the third quarter of this year to around 3% of gross domestic
product. The balance of payments will be a surplus of around $6 billion. The current account deficit was
4.27% of GDP in the second quarter. The government and Bank Indonesia expects a smaller deficit for full
year 2014 of around 3.2% of GDP. Chinese Trade Balance fell to 31.00B, from 49.83B in the preceding
month.
US markets end sharply lower on late sell-off
The US markets slipped on Monday, marking the fifth consecutive day of 1% moves for the S&P 500 and
triple-digit move for the Dow Jones Industrial Average, as investors weighed prospects for slowing global
growth. A European recession is the top concern or risk for the next 18 months, according to attendees
surveyed by the Institute of International Finance at its annual gathering. The highest-ranking bank
regulators in the US and UK met in a suburb of Washington DC to conduct a simulation of how they would
handle the collapse of a major international bank. The US team included Federal Reserve Chairwoman
Janet Yellen and Treasury Secretary Jacob Lew, their UK counterparts, Chancellor of the Exchequer George
Osborne and Bank of England Governor Mark Carney also participated.
LKP Advisory Index Futures
Future
Chg
Spot
Chg
Prem /
13-Oct
(%)
13-Oct
(%)
Disc
NIFTY
7,911
0.31
7,884
0.31
27.1
CNXIT
11,435
0.95
11,437
1.11
BANKNIFTY
15,711
0.72
15,678
1.45
(OI in '000 Shares)
Total Open Interest
13-Oct
Chg (%)
15,977
-3.3
-1.9
43
-5.9
33.7
1,740
8.7
Increasing OI, Increasing Delivery Qty & Increasing Price in Stock Futures (Open Interest in '000 Shares)
Symbol
GLENMARK
Total OI
13-Oct % Chg.
1,810
Del Qty Cash Market
13-Oct
% Del.
Prev
% Del.
9%
4,11,336
54%
56%
Increase
Del Qty
Spot
(Rs.)
1,52,966
723
Fut
Spot
(Rs.) Chg (%.)
728
1.7%
Fut
Chg (%.)
Prem /
Disc
1.7%
4.4
BHARATFORG
5,339
6%
12,72,868
36%
49%
4,68,705
770
774
1.1%
1.3%
4.0
INDUSINDBK
5,679
6%
8,65,311
27%
44%
5,29,915
635
639
1.9%
2.2%
3.9
HINDPETRO
8,910
5%
7,86,499
41%
28%
1,10,613
509
512
0.0%
0.0%
3.1
BANKBARODA
3,490
4%
2,03,912
17%
13%
89,031
865
871
0.7%
0.8%
5.3
BPCL
3,916
4%
8,55,753
52%
40%
2,92,386
672
674
0.2%
0.2%
2.7
23,684
2%
8,66,463
35%
16%
4,38,602
80
80
0.7%
0.9%
0.5
9.7
UCOBANK
4,789
2%
3,71,841
22%
21%
75,227
2485
2495
1.4%
1.4%
KTKBANK
SBIN
17,194
2%
5,50,987
29%
24%
2,39,801
113
113
1.3%
1.5%
0.8
LICHSGFIN
12,835
2%
7,90,988
43%
36%
1,47,703
320
322
2.4%
2.5%
2.0
Fut
Chg (%.)
Prem /
Disc
-3.7%
7.7
-2.1
Increasing OI, Increasing Delivery Qty & Decreasing Price, (Open Interest in '000 Shares)
Symbol
M&M
Total OI
13-Oct % Chg.
Del Qty Cash Market
13-Oct
% Del.
Prev
% Del.
Increase in
Del Qty
Spot
(Rs.)
Fut
Spot
(Rs.) Chg (%.)
1269
1277
-3.7%
2,425
20%
7,82,570
62%
55%
4,20,801
CESC
991
12%
1,30,855
36%
22%
72,876
718
715
-2.4%
-2.7%
DIVISLAB
626
8%
85,911
52%
42%
46,830
1727
1732
-2.3%
-2.4%
4.9
11,174
6%
7,87,090
37%
23%
49,322
189
190
-0.7%
-0.8%
1.2
1,66,668
6%
1,80,09,260
26%
19%
67,91,021
18
19
-4.2%
-4.1%
0.1
27,088
5%
16,02,768
14%
11%
2,28,320
79
79
-2.0%
-2.3%
-0.3
SUNTV
1,947
5%
3,63,122
57%
50%
48,767
326
328
-2.5%
-2.0%
1.9
HEXAWARE
UNITECH
HDIL
SRTRANSFIN
1,062
4%
1,74,494
61%
62%
5,835
874
880
-0.3%
0.3%
5.3
LUPIN
9,085
4%
4,58,232
51%
36%
2,76,670
1327
1336
-0.1%
0.0%
9.2
MCLEODRUSS
2,646
4%
1,32,668
57%
49%
26,079
270
271
-0.8%
-0.6%
1.6
Open Interest Break-up
(Rs. in Cr.)
13-Oct
10-Oct
Change in OI
% Chg
INDEX FUTURES
15,500
15,676
-176
-1.12
INDEX OPTIONS
1,13,661
1,09,765
3,896
3.55
TOTAL INDEX
1,29,161
1,25,441
3,720
2.97
STOCK FUTURES
53,493
53,016
477
0.90
STOCK OPTIONS
16,752
15,874
878
5.53
1.97
70,245
68,890
1,355
GRAND TOTAL
1,99,406
1,94,331
5,075
2.61
FII's
1,21,375
1,19,179
2196
1.84
78,030
75,152
2878
3.83
TOTAL STOCKS
Others
LKP Advisory Corporate News
¾
IL&FS Engineering and Construction Company has received a Letter of Award (LoA) from National Highways Authority of India (NHAI) for
a total value of Rs 1,232 crore for Four Laning of Patna-Gaya-Dobhi Section of NH-83 from km 0.000 to km 127.217 in the state of Bihar to be
executed under JICA ODA Loan Assistance. The project completion period is 1095 days from commencement date.
¾
National Pharmaceutical Pricing Authority (NPPA) has reportedly imposed a penalty of around Rs 300 crore on Novartis for over pricing its
popular painkilling medicine Voveran. The company has also received a show cause notice to explain in two weeks why action should not be
taken against it for overcharging.
¾
Union Bank of India (UBI) has so far opened 18.40 lakh basic saving bank deposit accounts under the Pradhan Mantri Jan Dhan Yojana
(PMJDY). On an average the bank has mobilised deposits amounting to about Rs 950 in each of these accounts opened under the scheme.
¾
State-owned Hindustan Petroleum Corporation (HPCL) has temporarily shut the 8.3 million tonnes a year or 166,000 barrels per day
refinery at Vishakhapatnam as cyclone Hudhub made landfall with gusts as strong as 195 kilometres per hour. Though, the cyclone has not
caused any major damage to the company’s manufacturing facilities. The company will resume operations when normalcy returns to the town.
¾
Hudhud cyclone which crossed the coastal Andhra Pradesh on October 12, 2014, near Visakhapatnam, has resulted in temporary stoppage of
operations at Coromandel International's unit at Visakhapatnam. The cyclone has not caused any major damage to the Company's
manufacturing facilities. The power supply has been disrupted and is expected to be resumed in a day or two.
¾
Bharat Forge has entered into a long-term partnership with Safran to supply critical high integrity forged and machined components, for
commercial aircraft applications to Safran’s global affiliates. The first step of this partnership is a Purchase Order issued by Safran.
¾
Blue Star Infotech, the global software services and solutions provider, has been recognized by Zinnov Management Consulting, for the first
time, as a leader in the Consumer Software segment. The leading Globalization and Market Expansion Advisory firm has acknowledged and
listed Blue Star Infotech as an 'Emerging Niche Player' in the report's overall ranking, in the Leadership Zone for Consumer Software segment
and in the Execution Zone for Enterprise Software segment.
¾
Coal India’s subsidiary Eastern Coalfields is targeting a production of 9-10 million tonnes from the current level of 7 million tonnes through
underground mining in the next four years with an investment of Rs 1,000-1,100 crore. In a bid to achieve the production target, the company
hopes longwall mining technology rollout at its Janjra mine in the current fiscal will play an important role.
¾
Nesma, a leading business conglomerate headquartered in Saudi Arabia, has gone live with Human Capital Management (HCM) on Cloud IT
solution from Ramco Systems, for their holding company. Further to the successful go-live, Nesma has further placed an order to extend the
HCM offering to their group companies.
¾
Foreign institutional investors (FIIs) have increased their stake in Emami to 17.23% in September quarter against 16.77% at the end of June
quarter.
¾
Balashri Commercial has bought 5 lakh shares of IndiaNivesh through open market route. The shares were purchased on an average price of
Rs 42.45 valuing the transaction to Rs 2.12 crore.
¾
Suven Life Sciences’ drug discovery portfolio which has expanded into several new therapeutic areas such as Major Depressive Disorder
(MDD), Obesity and Pain through Neuronal Nicotinic Receptor modulators has secured the grant of one product patent from USA and one
product patent from South Korea corresponding to the New Chemical Entity (NCE) for the treatment of disorders associated with
Neurodegenerative diseases and these Patents are valid through 2030.
¾
Luminaire Technologies has joined hands with Jagran Entertainment Media to develop, deploy and distribute content in the fast growing
Digital and New Media space. The company’s expertise in technologies and Jagran Entertainment Media’s know how in the content industry
will end up creating another strong player in the Indian market due to natural synergies of both the companies.
¾
Sundaram Mutual Fund (MF) has acquired 576,202 shares representing 1.4% stake in PVR at Rs 603 per share through open market.
¾
McNally Bharat Engineering Company (MBECL) is reportedly planning to raise around Rs 175 crore through fresh equity issue by the end
of this financial year. The company is seeking equity fund to lower its current finance cost.
LKP Advisory ¾
Tata Motors’ British-based arm Land Rover has forayed into an elite club of world’s 100 most valuable brands as the only Indian-owned
entity. Land Rover has been ranked 91st with a brand value of $4.47 billion and is one of the five new entrants on this annual list compiled by
leading brand consultancy Interbrand.
¾
Future Group and Amazon India have entered into a strategic alliance that will leverage the strong product knowledge, extensive brand
portfolio and sourcing base of Future Group, and the ecommerce platform, customer base and reach of Amazon.in.
¾
Berger Paints has commenced trial production at the company’s Powder Coating plant situated at Maharashtra on October 01, 2014.
Economy
¾
September CPI eases more than expected at 6.46% v/s 7.80% in August
In an encouraging development, India’s Consumer Price Index (CPI) easing for a second straight month in September came in at 6.46% as
compared to 7.80% in August. The figure was way lower than street expectation of figure above ‘7%’. Meanwhile, the General Indices for
rural, urban and combined for the month under review stood at 147.0, 142.5 and 145.0, respectively.
¾
Govt likely to relax FDI policy in medical devices sector
With an aim to enhance foreign investments and boost domestic manufacturing, the Government is likely to relax the foreign direct investment
(FDI) policy for the cash-starved medical devices sector. An inter-ministerial panel includes members from ministries such as Commerce and
Industry Ministry, Finance Ministry, the Health and Family Welfare Ministry and the Department of Pharmaceuticals are discussing views on
the issue of FDI in medical devices sector.
FDI in medical devices sector is permitted through government-approval route, however the industry has been demanding that FDI should be
put under the automatic route. India badly needs foreign investments in medical devices and equipment sector.
Industry is of the view that the domestic companies are not competitive as global firms and not big like drug firms and thus there is no threat of
mergers and acquisitions from multi-national firms.
¾
Centre set for a major overhaul of the current monetary policy framework
Deviating from the recommendations made by the expert committee headed by Deputy Governor Urjit R. Patel, Finance Minister Arun Jaitley
has given a nod for a major overhaul of the current monetary policy framework, wherein the Centre will specify ‘inflation targets’ for the
Reserve Bank of India (RBI) to achieve. Under the proposed new regime, the RBI will set inflation as its top priority in its policy statements.
Headed by Reserve Bank Deputy Governor Urjit R. Patel, an expert committee of the RBI was appointed to examine monetary policy, which
had recommended that the monetary policy decision-making should be vested with a monetary policy committee, chaired by the RBI governor.
Among other recommendations, it suggested apex bank to adopt new Consumer Price Index (CPI) as the measure of the nominal anchor for
monetary policy and that the RBI set the target CPI inflation level at 4 per cent (+/- 2 per cent) to be achieved through its monetary policy
tools.
However, Modi government has decided to take the onus of fixing the inflation targets as it felt that RBI shouldn’t’ set it for itself an inflation
target of ‘4% for all times to come. In 2014-15 budget speech Mr. Jaitley said the Modi government was keen on moving to a modern
monetary policy framework to meet the challenges of an increasingly complex economy.
¾
PMO asks coal ministry to work out plan to deal with coal supply issue
The Prime Minister's Office (PMO) has asked the Coal Ministry to formulate a plan of action to deal with the present situation, arising out of
the Supreme Court's cancelling the allocation of 214 coal blocks. The PMO has suggested the ministry to hold a consultation with
infrastructure ministries so that end-use plants are not stranded in the absence of fuel.
In a big setback to corporate sector, the Supreme Court had last month quashed allocation of 214 out of 218 coal blocks allotted to various
companies since 1993. Attributing these block allocations as unfair distribution of the national wealth, the apex court stated that common good
and public interest have suffered heavily due to these allocations as there was no fair and transparent procedure. Among 218 allocated
blocks, 105 blocks allocated to private companies, 99 were to state-owned firms, 12 went to ultra mega power projects (UMPP) and 2 to coal-
LKP Advisory to-liquid projects. However, four coal blocks including one each to SAIL and NTPC and two blocks to Sasan Power owned by Anil Ambani's
Reliance Power were declared as legal.
¾
Final norms for payment banks next month: RBI Deputy Governor
In a move, which would induce more players in Indian banking sector, central bank’s deputy governor, S S Mundra underscored that Apex
Bank is all set to unveil final norms on small and payments banks next month. India’s Apex Bank had come out with draft guidelines on
differentiated banks and had invited public comments up till August 28.
The deputy governor highlighted that it was with intent of deepening financial inclusion and helping more people under the formal financial
system, RBI had mooted the idea of small banks and payment banks. Once released, these final norms would allow micro-lenders, telecom
players, non-banking finance companies and public sector companies eligible to apply for licences once RBI invites applications for the same.
Further, in an attempt to ease qualms over profitability for such banks, the deputy governor assured that these banks could earn from a variety
of avenues like charging for transactions and through investments in government bonds. This clarification came after many reports raised a
question mark on the viability of these banks as profitability of the business would depend on volumes, which are wafer-thin.
¾
IIP growth remains sluggish; India Inc pitches for bold reforms to spur industry
As industrial production growth remained subdued in August, India Inc has pitched for bold reforms to spur the domestic industry. Factory
output growth measured in terms of the Index of Industrial Production (IIP) slowed down to five-month low at 0.4% in the month of August
mainly due to the contraction in manufacturing output and lower offtake of consumer goods.
Sector wise, the output of manufacturing sector declined by 1.4% in August as compared to de-growth of 1% in the previous month. Electricity
sector grew by 12.9% in the reported month as against 11.7% in July and mining sector output grew by 2.6% as compared to 2.1% in the
previous month.
CII Secretary General Chandrajit Banerjee has asserted that there is need to revive investment and stimulate demand in the economy.
Further, steps to be taken to expedite the execution of approved projects and providing a competitive market for coal and mining sectors. He
also expects that government’s recent announcements and policy actions like 'Make in India' initiative ensuring flexible labour policy, etc
should help the turnaround.
Source: Reuters, Ace Equity & LKP Research
LKP Advisory Tech View
CNX NIFTY
TECHNICAL VIEW
Nifty has not only taken support at around 7800 level but has also shown a strong bounce indicating that 7800 is evolving into a strong base for the
index. However, the index was seen struggling to hold ground above 7900 and the market breadth was not very encouraging either suggesting that
Nifty will continue to face resistance at 7950-8000 levels. The index is expected to carry its momentum and test higher levels in coming days but a
fresh upside will be seen if it closes above 8000.
IMPORTANT LEVELS FOR THE DAY
Support
BSE
NSE
BANKNIFTY
S1
26,374
7795
15312
S2
26,503
7715
15003
R1
26,166
7925
15811
R2
26,038
8006
16120
Pivot
26,270
7,860
15,562
Resistance
.
LKP Advisory PIVOT POINTS
S c rip Na me
ACC
CMP
RB2
RB1
PP
S B1
S B2
S c rip Na me
CMP
RB2
RB1
PP
S B1
S B2
1387
1421
1402
1386
1370
1351
GAIL
444
452
447
442
438
432
ADANIENT
461
471
464
459
454
447
GLENMARK
723
762
738
719
700
676
ADANIPORTS
261
275
266
259
251
242
GMRINFRA
22
23
22
22
21
21
ADANIPOWER
43
45
44
43
42
41
GODREJIND
292
303
296
291
286
280
ALBK
102
107
104
101
98
95
GRASIM
3419
3489
3451
3420
3389
3350
AMBUJACEM
209
216
212
209
206
203
HAVELLS
267
275
271
267
263
259
ANDHRABANK
68
71
69
67
65
63
HCLTECH
1756
1813
1777
1749
1720
1684
APOLLOHOSP
1069
1099
1080
1065
1049
1030
HDFC
1018
1050
1029
1013
996
976
APOLLOTYRE
222
228
224
221
219
215
HDFCBANK
877
901
884
870
856
839
ARVIND
282
296
287
279
272
263
HDIL
79
83
81
80
78
76
45
47
46
44
43
41
2875
2963
2907
2863
2818
2762
ASHOKLEY
HEROMOTOCO
ASIANPAINT
656
679
666
657
647
634
HEXAWARE
189
198
193
189
185
180
AUROPHARMA
941
985
960
940
920
895
HINDALCO
151
157
153
150
147
144
AXISBANK
387
405
393
383
373
361
HINDPETRO
509
528
516
507
498
487
2349
2396
2369
2348
2326
2300
HINDUNILVR
720
734
726
720
713
705
865
892
876
862
849
833
HINDZINC
159
167
162
157
153
147
BAJAJ- AUTO
BANKBARODA
BANKINDIA
248
263
252
244
235
225
BATAINDIA
1300
1363
1325
1294
1263
1225
IBREALEST
66
69
68
67
65
64
1478
1527
1493
1465
1438
1404
BHARATFORG
770
846
795
754
713
662
IDBI
61
63
62
61
60
59
BHARTIARTL
392
407
397
388
380
370
IDEA
156
164
159
155
151
146
BHEL
218
225
222
219
216
212
IDFC
140
143
141
140
138
136
ICICIBANK
BIOCON
476
489
481
475
469
462
IFCI
34
35
34
34
33
32
BPCL
672
692
681
672
662
651
IGL
423
431
426
422
418
413
CAIRN
290
302
293
287
280
271
INDIACEM
109
113
110
108
106
103
CANBK
376
396
383
372
362
349
INDUSINDBK
635
669
650
636
621
602
CENTURYTEX
537
561
545
532
519
502
INFY
3943
4071
3998
3939
3880
3807
CESC
718
746
730
718
705
689
IOB
58
60
59
58
56
55
CIPLA
576
603
591
580
570
558
IOC
380
402
388
376
365
351
COALINDIA
341
354
346
338
331
322
IRB
232
243
236
230
224
217
1699
1733
1716
1703
1689
1673
ITC
351
358
354
350
347
342
205
216
209
204
198
191
JINDALSTEL
159
170
163
158
153
146
DABUR
211
220
216
212
208
203
JISLJALEQS
81
88
83
79
75
69
DISHTV
55
57
55
55
54
53
JPASSOCIAT
30
33
31
30
28
26
1727
1832
1775
1729
1682
1625
JPPOWER
13
13
13
13
12
12
147
158
152
148
143
137
JSWENERGY
74
78
76
73
71
68
2943
3048
2994
2951
2908
2854
JSWSTEEL
1141
1175
1155
1138
1122
1101
EXIDEIND
171
177
173
170
166
162
JUBLFOOD
1231
1264
1244
1227
1211
1191
FEDERALBNK
136
146
139
133
127
120
JUSTDIAL
1650
1692
1671
1655
1638
1618
COLPAL
CROMPGREAV
DIVISLAB
DLF
DRREDDY
PIVOT POINTS
LKP Advisory S c rip Na me
CMP
RB2
RB1
PP
S B1
S B2
KOTAKBANK
1009
1037
1018
1003
988
969
KTKBANK
113
117
114
112
110
108
L&TFH
66
67
66
66
65
64
LICHSGFIN
S c rip Na me
CMP
RB2
RB1
PP
S B1
S B2
TATACHEM
386
392
389
386
383
379
TATACOMM
377
385
380
375
371
365
TATAGLOBAL
158
162
160
158
156
154
320
335
325
317
309
299
TATAMOTORS
496
517
503
492
480
466
LT
1446
1473
1457
1444
1431
1416
TATAMTRDVR
321
336
327
320
312
303
LUPIN
1327
1404
1367
1337
1307
1270
TATAPOWER
85
89
86
84
82
79
M&M
1269
1361
1318
1283
1248
1205
TATASTEEL
458
480
465
453
440
425
M&MFIN
284
291
287
284
281
277
TCS
2717
2780
2738
2704
2670
2628
MARUTI
2973
3035
2993
2959
2925
2883
TECHM
2368
2440
2396
2360
2324
2280
MCDOWELL- N
2412
2526
2448
2385
2321
2243
TITAN
395
404
399
394
390
385
MCLEODRUSS
270
275
272
270
267
265
UBL
705
722
710
700
690
678
31663
32137
31887
31685
31483
31234
80
82
81
79
78
76
NHPC
19
19
19
19
19
19
2482
2549
2508
2476
2443
2402
NMDC
156
163
158
154
150
145
207
218
211
205
198
191
MRF
NTPC
140
144
142
140
138
136
OFSS
3276
3437
3358
3294
3231
3152
ONGC
407
419
411
404
398
ORIENTBANK
233
246
237
230
PETRONET
180
186
182
179
18
20
19
19
18
17
348
339
332
325
317
390
VOLTAS
238
259
244
232
220
206
223
215
WIPRO
585
606
591
579
567
551
176
172
YESBANK
585
611
594
580
566
549
ZEEL
316
324
319
315
311
307
240
253
245
239
234
226
920
959
932
910
889
862
POWERGRID
135
138
136
135
134
133
84
88
85
83
81
78
598
628
613
602
590
576
RCOM
102
105
103
102
101
99
RECLTD
251
260
254
249
244
237
RELCAPITAL
453
480
462
448
433
416
RELIANCE
958
980
967
957
947
934
RELINFRA
583
608
593
581
569
554
RPOWER
72
74
72
71
70
69
SAIL
76
81
78
75
72
69
SBIN
2485
2558
2509
2470
2431
2383
SIEMENS
824
853
833
817
801
781
SRTRANSFIN
874
899
882
869
856
839
SSLT
250
258
253
249
244
239
SUNPHARMA
804
849
828
810
793
771
SUNTV
326
341
334
328
322
315
114
120
116
113
110
107
SYNDIBANK
LKP Advisory UNIONBANK
335
PNB
RANBAXY
ULTRACEMCO
UPL
PFC
PTC
UCOBANK
UNITECH
The information in this documents has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true and is for general guidance only. While every effort is made to ensure the accuracy and completeness of information contained, the company makes no guarantee and assumes no liability for any errors or omissions of the information. No one can use the information as the basis for any claim, demand or cause of action. LKP Securities Ltd., and affiliates, including the analyst who have issued this report, may, on the date of this report, and from time to time, have long or short positions in, and buy or sell the securities of the companies mentioned herein or engage in any other transaction involving such securities and earn brokerage or compensation or act as advisor or have other potential conflict of interest with respect to companies mentioned herein or inconsistent with any recommendation and related information and opinions. LKP Securities Ltd., and affiliates may seek to provide or have engaged in providing corporate finance, investment banking or other advisory services in a merger or specific transaction to the companies referred to in this report, as on the date of this report or in the past. LKP Securities Ltd. Ph: (91‐22) 66351234 FAX: (91‐22) 66351249 E Mail: [email protected] web: http://www.lkpsec.com LKP Advisory