Morning Notes LKP Advisory 21 Oct-2014 Indices 17-Oct 16-Oct % Chg. Major Indices 17-Oct 16-Oct % Chg. FII's & DII's in equity S&P BSE SENSEX 26,430 26,109 1.23% CAC 40 Index 3,991 4,033 -1.04% 17-Oct 7,879 7,780 1.28% DAX Index 8,718 8,850 -1.50% 9,376 9,272 1.12% Dow Jones Industrial Ave 16,400 16,380 0.12% 10,363 10,314 0.48% FTSE 100 Index 6,267 6,310 -0.68% FII's contribution to the total turnover 50% Nasdaq Composite Index 4,316 4,258 1.35% DII's contribution to the total turnover 20% S&P CNX NIFTY S&P BSE MID CAP S&P BSE SMALL CAP Rs.Crs Buy Sell FII' Investments 5287 4247 1040 Net DII's Investments 1869 2035 -166 BSE Sectoral Indices FII's in Derivatives 8,064 7,857 2.64% Major Asian Indices 17-Oct 16-Oct % Chg. S&P BSE AUTO 17,388 17,019 2.17% Hang Seng 23,070 23,023 0.20% 17-Oct S&P BSE CAPITAL GOODS 14,548 14,244 2.14% Nikkei 225 15,111 14,533 3.98% Net 1455 -192 628 -45 S&P BSE OIL & GAS 10,747 10,542 1.94% KOSPI Index 1,930 1,901 1.55% OI 11866 70081 43391 2864 S&P BSE BANKEX 18,564 18,240 1.78% SSE Composite Index (S 2,357 2,341 0.66% Chg.OI 18.8% 0.5% 1.7% 5% S&P BSE METAL 11,023 10,852 1.57% Taiwan Weighted 8,663 8,513 1.77% FIIs' contribution to the total Derivatives turnover 21% 1.46% S&P BSE PSU Rs.Crs Index Fut Index Opt Stock Fut Stock Opt 2,018 1,989 13,632 13,467 1.23% Commodities (MCX) 17-Oct 16-Oct % Chg. 17-Oct 16-Oct S&P BSE CONSUMER DURA 9,395 9,281 1.23% Aluminium (31OCT2014) 121 120 0.25% USDINR 29-OCT-2014 61.46 61.59 -0.20% S&P BSE REALTY 1,442 1,430 0.88% Copper (28NOV2014) 407 409 -0.57% EURINR 29-OCT-2014 78.54 78.94 -0.50% S&P BSE FMCG 7,340 7,308 0.43% 5,079 5,095 -0.31% JPYINR 29-OCT-2014 57.52 57.77 -0.44% S&P BSE TECk 5,643 5,657 -0.26% Gold (5DEC2014) 27,415 27,256 0.58% FTSE100 (21-Nov-2014) 6360 6249 1.78% 10,047 10,131 -0.83% Silver (5DEC2014) 38,533 38,399 0.35% S&P500 (21-Nov-2014) 1889 1879 0.56% S&P BSE POWER S&P BSE HEALTHCARE S&P BSE IT Crude (20OCT2014) Futures (NSE) % Chg. 5.9 ONGC 417 20 5.0 HINDALCO 146 7 4.7 Company LTP Chg % Chg JINDALSTEL 137 -11 -7.4 WIPRO 555 -11 -1.9 INFY 3810 -41 -1.1 5 4.5 TCS 2426 -16 -0.6 694 27 4.1 ITC 352 -2 -0.6 Company LTP Chg % Chg Company LTP Chg % Chg 2553 177 7.5 JINDALSTEL 135 -13 -8.6 527 36 7.3 EXIDEIND 159 -6 -3.6 2451 128 5.5 LICHSGFIN 323 -10 -2.9 RECLTD 273 14 5.5 WIPRO 556 -9 -1.7 ONGC 419 22 5.4 INFY 3812 -42 -1.1 Company LTP Chg % Chg Company LTP Chg % Chg TORNTPOWER 156 17 12.6 DEN 166 -15 -8.2 1608 154 10.6 SKSMICRO 313 26 8.9 HINDPETRO 527 36 7.3 TVSMOTOR 245 15 6.6 Company LTP Chg % Chg KIRLFER BBTC SHRGLTR TBZ 54 6 12.4 249 25 11.4 24 2 10.5 163 15 10.2 46 4 9.9 Top Losers SYMPHONY BSE Midcap ULTRACEMCO GVKPIL 9 -1 -5.6 1270 -67 -5.0 IBREALEST 65 -3 -4.5 HMT 29 -1 -4.2 LTP Chg % Chg PERSISTENT Company Top Losers HINDPETRO BSE 100 116 BPCL Top Losers DLF KDJHRL CNX Nifty % Chg 137 BSE Smallcap CNX Nifty BSE 100 Top Gainers Chg UNITDSPR BSE Midcap Top Gainers Top Gainers LTP 2455 ULTRACEMCO BSE Smallcap Top Gainers Company Top Losers AVTNPL UNICHEMLAB CTRNIND INDINFO GHCL 39 -7 -15.6 199 -23 -10.4 24 -3 -9.9 1 -0.1 -9.1 81 -6.9 -7.8 Domestic Market View Markets to get a positive start extending last session gains The Indian markets turned jubilant in last session on some long pending policy decision by the government and victory of the ruling party in state election. Today, the start is likely to be in green, extending the gaining momentum, however some consolidation too can be expected after the big gains. There will be some support with Cabinet recommending promulgation of an Ordinance to facilitate e-auction of coal blocks for private companies for captive use and allot mines directly to state and central PSUs. For private sector the actual users of coal in the cement, steel and power sectors who apply for a certain number of coal mines will be put in the pool and there would be an e-auction, while central and state public-sector entities will be allotted blocks on a nomination basis. Also, there will be buzz in India Inc. as the government has further extended the validity of industrial licences to as much as seven years from three, to encourage domestic manufacturing. The oil marketing companies are likely to continue their upmove with government deciding to cap the subsidy on domestic gas cylinders. So far, there was a cap on the number of subsidised cylinders alone, not on the subsidy. Also there will be lots of important result announcements to keep the markets buzzing. BASF, Biocon, Cairn India, DHFL, Gujarat Alkali, HDFC Bank, JSW Steel, KPIT, South Indian Bank, Tata Coffee, UPL Zee Learn will be reporting their numbers today. Domestic Market Overview Markets witness fire-works at start of Diwali week; bulls cheer fuel reforms, poll verdict Indian equity benchmarks started Diwali week with some fireworks, by rallying over a percentage point and breaking lots of psychological levels in their northward rally. Sentiments remained positive since beginning of the trade and there appeared not even an iota of profit booking in the session as the benchmarks traded jubilantly throughout the session as investors continued hunt for fundamentally strong but oversold stocks. The rally came mainly after ruling party's victory in two state assembly elections of Maharashtra and Haryana, which will give Narendra Modi government a tremendous morale boost to pursue economic reforms. Sentiments also remained up-beat on news that government raised the price of gas from domestic fields to $5.6 per unit, around 33% higher from $4.2 at present. The new price would come into effect from November 1 and would be revised every six months with a view to ensuring ‘stability in the market’. Some strength also came in from IMF’s latest world economic outlook that, India is poised to become a two trillion dollar economy this year, while its GDP size would cross another milestone of three trillion dollars after five years in 2019. There was broad based buying witnessed in the markets and apart from the blue chips, the broader markets too equally participated in the rally. Frontline indices managed to settle above their crucial 26,400 (Sensex) 7,850 (Nifty) bastions. Recovery in Indian rupee too supported the sentiments. The rupee firmed up against the US dollar and was trading at 61.31 at the time of equity markets closing as compared to Friday’s close of 61.44. Meanwhile, share related to oil and gas counter remained on buyers’ radar as the hike in gas prices would help improve revenue and profit going forward while lowering the subsidy burden. Moreover, banking shares gained on expectations of more reforms to push the economy on the growth track. Metal shares rebounded on reports about Chinese central bank considering injecting more liquidity in the economy to revive demand and arrest the deceleration in the Chinese growth. Global Market Overview Asian markets ended in green on Monday Asian markets ended in green on Monday, with Chinese stocks trading in Hong Kong climbing the most in a week amid speculation as the central government is accelerating measures to support economic growth. This week is expected to be an important one for Chinese markets because the Communist Party gathers in Beijing for an important planning meeting. China is also expected to release third quarter GDP data scheduled on Tuesday and the Hong Kong and Shanghai stock exchanges are expected to launch a program allowing investors from both sides to access each other’s stocks, opening up a crucial channel for fresh capital flows. US markets close higher on optimism over corporate earnings The US markets closed higher on Monday, with equity investors beginning the week on positive note, as optimism over corporate earnings spurred a rebound from last week’s selloff. That’s two straight positive trading days for the Dow industrials and three for the S&P 500 and the Nasdaq. Monday’s positive movement in the Dow industrial comes even as one of its major components, IBM, posted disappointing quarterly results, pushing shares of the tech giant lower and dragging down the broader index. However, Apple Inc. stated that its quarterly profit rose 13% as strong demand for its new larger-screen iPhones helped to overcome sluggish iPad sales. Meanwhile, Dallas Fed President Richard Fisher stated that he will support ending the central bank’s bond-buying program on schedule next week. Fisher added that he was not troubled by last week’s market volatility and did not think inflation was trending lower. Fisher had previously stated that he expected the Fed to start to raise rates in the spring of 2015, but on Monday he declined to repeat that view, saying that the decision to raise rates should be based on developments in economic data. Dow Jones added 19.26 points or 0.12 percent to 16,399.67, Nasdaq was up by 57.63 points or 1.35 percent to 4,316.07, while S&P 500 ended higher by 17.25 points or 0.91 percent to 1,904.01. LKP Advisory Index Futures Future Chg Spot Chg Prem / 17-Oct (%) 17-Oct (%) Disc NIFTY 7,897 1.03 7,879 1.28 17.9 CNXIT 10,705 -0.75 10,673 -0.68 BANKNIFTY 16,248 1.05 16,217 1.80 (OI in '000 Shares) Total Open Interest 17-Oct Chg (%) 18,060 5.3 31.6 51 5.8 31.2 2,021 6.7 Increasing OI, Increasing Delivery Qty & Increasing Price in Stock Futures (Open Interest in '000 Shares) Symbol Total OI 17-Oct % Chg. % Del. Prev % Del. Del Qty Cash Market 17-Oct Increase Del Qty Spot (Rs.) Fut (Rs.) Spot Chg (%.) Fut Chg (%.) Prem / Disc AXISBANK 24,058 15% 2,777,395 38% 25% 1,430,150 418 419 4.0% 4.1% 1.6 UNIONBANK 11,648 11% 1,465,711 31% 20% 397,581 223 220 2.3% 1.2% -3.0 6,822 9% 2,684,635 68% 33% 867,291 330 330 2.3% 2.4% 0.0 BPCL 3,964 8% 1,826,378 45% 32% 1,565,076 697 700 4.5% 4.6% 3.1 PETRONET 5,170 8% 748,705 56% 48% 313,822 196 194 4.0% 3.6% -1.6 -0.5 ZEEL PNB 4,777 8% 474,001 34% 28% 238,257 955 955 3.9% 4.1% BANKBARODA 4,194 7% 540,692 34% 35% 33,791 874 877 0.2% 0.6% 3.1 FEDERALBNK 17,352 5% 4,372,186 52% 28% 1,944,467 139 139 2.1% 1.8% 0.5 HINDPETRO 9,415 4% 3,433,046 41% 30% 2,873,521 528 530 7.4% 7.3% 2.2 ICICIBANK 9,026 4% 1,605,973 60% 52% 115,239 1537 1533 2.1% 1.8% -3.7 Increase in Del Qty Spot (Rs.) Fut (Rs.) Spot Chg (%.) Fut Chg (%.) Prem / Disc 734,365 158 159 -3.7% -3.6% 0.5 Increasing OI, Increasing Delivery Qty & Decreasing Price, (Open Interest in '000 Shares) Symbol EXIDEIND CESC JINDALSTEL INFY RELIANCE Total OI 17-Oct % Chg. 10,244 16% MCLEODRUSS 17-Oct Prev % Del. 29% 39% 1,735,300 1,240 11% 438,281 58% 40% 278,471 656 659 -2.3% -2.3% 3.5 23,399 5% 4,357,644 16% 15% 3,541,819 136 136 -8.2% -8.4% 0.5 16.5 3,947 3% 678,359 67% 61% 26,076 3812 3829 -1.0% -1.1% 35,967 2% 2,982,060 54% 64% 541,937 935 939 -0.3% -0.5% 3.5 50 2% 1,696 26% 19% 76 30240 30372 -0.3% -0.2% 132.1 12,744 2% 1,200,369 35% 34% 328,070 324 325 -2.8% -2.9% 1.3 2,672 2% 47,491 41% 30% 6,176 252 254 -0.8% -0.8% 1.4 MRF LICHSGFIN % Del. Del Qty Cash Market Open Interest Break-up (Rs. in Cr.) 17-Oct 16-Oct Change in OI % Chg INDEX FUTURES 17,703 16,569 1,133 6.84 INDEX OPTIONS 123,563 123,831 -268 -0.22 TOTAL INDEX 141,266 140,401 865 0.62 STOCK FUTURES 55,468 54,189 1,280 2.36 STOCK OPTIONS 19,691 19,429 262 1.35 TOTAL STOCKS 75,159 73,618 1,541 2.09 GRAND TOTAL 216,425 214,019 2,406 1.12 FII's 128,202 125,089 3113 2.49 88,223 88,930 -707 -0.79 Others LKP Advisory Corporate News ¾ YES BANK, India’s fourth largest private sector Bank, has successfully raised equivalent of $422 million ($288 million and 103.5 million euro) by way of Dual Currency Multi-tenor Syndicated Loan Facility. The said Facility shall be utilized for general corporate purposes. ¾ Foreign institutional investors (FIIs) have raised their stake in Dr Reddy’s Laboratories by 312 basis points to 38.41 percent in Q2FY15 from 35.29 percent as on June 30, 2014. However, domestic institutional investors (DIIs) have reduced their shareholding in the company by 5 basis points to 5.38 percent at the end of September 2014 quarter from 5.43 percent as on June 30, 2014. ¾ Foreign institutional investors (FIIs) have reduced their stake in Bajaj Auto by 91 basis points to 17.69 percent in Q2FY15 from 18.60 percent as on June 30, 2014. However, domestic institutional investors (DIIs) have increased shareholding in the company by 88 basis points to 7.96 percent at the end of September 2014 from 7.08 percent as on June 30, 2014. ¾ Praj Industries has completed the process of divesting its subsidiary BioCnergy Europa B.V., Netherlands. It had last month acquired a further stake of 10% in its subsidiary Praj HiPurity Systems formerly known as Neela Systems for approximately Rs 20.40 crore. ¾ Welspun Corp is reportedly planning to set-up industrial pipes plant in Canada’s largest and richest province British Columbia. The investment is likely to be upwards of $100 million for setting up a pipe plant supported by coating and double jointing facility primarily targeting oil & gas transportation in the Canadian region. ¾ Hindustan Construction Company (HCC) has been awarded Rs 393.08 crore road project by the Ministry of Road Transport & Highway. This Engineering Procurement and Construction (EPC) contract is for reconstruction of 65.87 km section of NH-233 on indo Nepal Border. ¾ As part of ongoing expansion and modernisation programme, Steel Authority of India (SAIL) has commissioned two facilities in its Bhilai plant. The two units, a sinter machine and a coke oven battery, have been built with an investment of around Rs 2,000 crore. ¾ IL&FS Transportation Networks’ arm - MP Border Checkpost Development Company, which had been mandated the development of 24 Border Check Posts by the MP Road Development Corporation has been issued Provisional Completion Certificate to commercially operate 2 more check posts namely - Chindwara - Nagpur and Kabir - Chabutara Border Check Posts with effect from October 16, 2014 & October 17, 2014 respectively. The Project is fee based with a Concession period of 12 ½ years. ¾ Foreign institutional investors (FIIs) have reduced their stake in Maruti Suzuki by 30 basis points to 21.74 percent in Q2FY14 from 22.04 percent as on June 30, 2014. However, domestic institutional investors (DIIs) have increased shareholding in the company by 48 basis points to 14.48 percent at the end of September 2014 quarter from 14 percent as on June 30, 2014. ¾ DCB Bank has raised around Rs 250 crore of Tier I Capital through a recently concluded Qualified Institutions Placement (QIP). The board of directors of DCB Bank has approved the issue and allotment of 30,432,136 equity shares of face value Rs 10 each to eligible qualified institutional buyers (QIBs) at the issue price of Rs 82.15 per equity share, aggregating to approximately Rs 250 crore. ¾ Foreign institutional investors (FIIs) have reduced their stake in Coal India by 15 basis points to 5.37 percent at the end of Q2FY15 from 5.52 percent as on June 30, 2014. However, domestic institutional investors (DIIs) have increased their shareholding in the company by 17 basis points to 2.97 percent at the end of September 2014 from 2.80 percent as on June 30, 2014. ¾ Ambuja Cement has launched a premium quality cement product -- Ambuja Plus -- in the state of Maharashtra. This innovative product is created with an advanced formula, offering additional strength than ordinary cement. At a grand launch held at Nagpur, the newly launched product Ambuja Plus is aimed mainly at small consumers or Individual House Builders. ¾ Foreign institutional investors (FIIs) have raised their stake in ICICI Bank by 105 basis points to 41.10 percent at the end of September 2014 from 40.05 percent as on June 30, 2014. However, domestic institutional investors (DIIs) have reduced their stake shareholding in the bank by 95 basis points to 22.33 percent at the end of September 2014 from 23.28 percent as on June 30, 2014. ¾ Mahanagar Telephone Nigam (MTNL), the state owned telecom firm which operates in Delhi and Mumbai, will be receiving financial support for its liability arising from levy of Minimum Alternate Tax (MAT). The Cabinet Committee on Economic Affairs (CCEA) has given its approval for a proposal of the Department of Telecommunications (DoT) to provide financial support to the company. LKP Advisory ¾ Coal India (CIL), the world’s largest coal miner by output, out of 172 FSAs has so far signed 162 fuel supply agreements (FSAs) with power plants. The government had earlier directed the coal major to sign supply pacts with power projects of 78,000 mw capacity. The remaining fuel supply pacts could not be signed as some of power producers are yet to achieve milestones like forest clearances. Economy ¾ Govt slashes diesel rates by Rs 3.50/ litre; re-launches DBT scheme for cooking gas In a major and much awaited reform, the government de-regulated retail prices of diesel, which will now reflect international movement in oil prices. This development, which would bring an immediate respite of about Rs 3.50 per litre on diesel prices, marks the first reduction in diesel rates in over five years. Diesel rates were last cut by Rs 2 a litre to Rs 30.86 in January 29, 2009. Also, the government decided to re-launch the direct benefit transfer scheme for cooking gas and link with the new bank account opened under Pradhan Mantri Jan Dhan Yojna and for those who lacked bank accounts could continue to enjoy the benefits of subsidized LPG cylinders. The programme would be implemented 'in a mission mode' between November 10 and January 1, 2015. Diesel reduction comes right after the state elections and also at a time when international crude prices have been running at four year low. However, originally, petrol and diesel prices were deregulated in April 2002 when the NDA government was in power. But, administered pricing regime made a silent entry towards the end of NDA regime in the first quarter of 2004 when crude prices started inching up. It was back in January 2010, the previous government decided to raise diesel prices by up to 50 paisa a litre every month. Nevertheless, with the over-recovery or the profit of diesel climbing to Rs 3.56 per litre, the centre decided to take the guards off. ¾ FDI declines 10% to $1.27 billion in August’2014 Foreign direct investment (FDI) in India declined by 10% to $1.27 billion in the month of August 2014 as compared to $1.40 billion in the same month of previous year. However, FDI during the April-August FY15 jumped by 42% y-o-y to $12.01 billion from $8.46 billion recorded in the corresponding period of the previous fiscal. The sectors that received highest inflows during the first five months of current fiscal include telecommunications ($2.33 billion), services ($1.08 billion) pharmaceuticals ($903 million) and construction ($446 million). Country wise, maximum FDI during the reported period was received form Mauritius with $3.93 billion followed by Singapore ($1.89 billion), Netherlands ($1.56 billion), Japan ($897 million), UK ($827 million) and the US ($394 million). During FY14, FDI increased by 8% to $24.29 from $22.42 billion recorded in the FY13. India would require around $1 trillion in the 12th five year plan (2012-2017) to overhaul its infrastructure sector such as ports, airports and highways to boost growth. However, to attract maximum FDI into the country, the government has been liberalizing the foreign investment policy. Recently, the government has raised the foreign investment limit to 49% in defence manufacturing and relaxed the FDI policy in railway and construction sector. ¾ India set to become $2 trillion economy in 2014: IMF The International Monetary Fund (IMF), in its latest ‘world economic outlook’ report, has highlighted that India is poised to become a $2 trillion economy this year, moreover Indian GDP size would cross another milestone of $3 trillion after five years in 2019. The IMF noted that Indian GDP would increase from $1.88 trillion in 2013 to $2.05 trillion this year and $3.18 trillion in 2019, surpassing Russia, Brazil and Italy. India's ranking would also improve to seventh largest economy in the world in 2019 from its tenth position currently. Over the past two fiscal years, Indian economy had struggled with slowdown and its growth stayed below 5% for the second year in a row at 4.7% during FY14. The factors like high interest rate and stubborn inflation, low investments and slow execution of infrastructure projects have impacted country’s economy growth. However, the economy has shown signs of nascent recovery during the first quarter of current fiscal. India’s economy expanded at its fastest pace in more than two years by 5.7% during Q1FY15 as compared to 4.7% growth recorded in same quarter last year. Recently, the IMF projected 5.6% economic growth for India in FY15, citing better exports and investment prospects under the new Narendra Modi government. LKP Advisory ¾ Govt increases natural gas price to $5.61 per mmBtu The government has approved raising natural gas price to $5.61 per mmBtu. The new gas price will be implemented from November 1 and will be revised every six months with the next revision being on April 1. However, Reliance Industries will continue to get current $4.2 per mmBtu rate till it makes up for shortfall in output from KG-D6 block. RIL will get the higher rates if it is legally able to prove that output fall was a result of geological reasons as it claims and it did not deliberately cut production. As per the RIL agreement with government, natural gas output from D1&D3 gas fields in KG-D6 block should be 80 mmscmd, but it is languishing at less than 8 mmscmd. The Cabinet modified the Rangarajan formula approved by previous UPA government to bring down the increase in rates from $8.4 to $5.61 per mmBtu. Gas price increase had been deferred on three occasions previously. Higher gas prices would increase inflation in the country by rising operating cost of fertilizer plants, running power stations and prices of food. Source: Reuters, Ace Equity & LKP Research LKP Advisory Tech View CNX NIFTY TECHNICAL VIEW Nifty has closed above crucial 7800 level with relative ease supported by majority of sectors indicating that Index may continue to hold its momentum. The market breadth was positive and the performance of midcap stocks was encouraging indicating that Nifty will continue to find support at lower levels. However, the index continue to face strong resistance at 7900 level and once this level is crossed higher levels of 8000 can be expected in Nifty. IMPORTANT LEVELS FOR THE DAY Support BSE NSE BANKNIFTY S1 26,492 7850 16137 S2 26,556 7813 16030 R1 26,389 7911 16310 R2 26,325 7948 16417 Pivot 26,440 7,881 16,224 Resistance . LKP Advisory PIVOT POINTS Scrip Name CMP RB2 RB1 PP SB1 SB2 ACC 1424 1461 1439 1421 1403 1381 ADANIENT 450 469 457 448 439 427 ADANIPORTS 259 269 263 258 253 247 GMRINFRA 22 23 22 22 21 20 ADANIPOWER 44 45 44 44 43 42 GODREJIND 285 295 289 285 281 275 ALBK 106 108 107 106 105 103 GRASIM 3317 3445 3385 3336 3287 3227 AMBUJACEM 213 218 214 212 209 206 HAVELLS 274 282 277 273 269 264 ANDHRABANK 75 78 76 75 73 71 HCLTECH 1496 1580 1538 1504 1470 1428 APOLLOHOSP 1039 1072 1054 1038 1023 1005 HDFC 1020 1057 1037 1021 1004 984 APOLLOTYRE 208 217 213 209 206 201 HDFCBANK 894 925 910 898 886 871 ARVIND 284 295 288 282 276 268 HDIL 76 83 80 77 74 71 ASHOKLEY 44 47 46 45 44 43 2938 3067 2977 2904 2831 2740 ASIANPAINT 648 666 657 650 643 634 HEXAWARE 179 188 182 177 171 165 AUROPHARMA 934 966 945 928 910 889 HINDALCO 147 153 149 145 142 138 AXISBANK 418 429 422 416 410 403 HINDPETRO 528 552 538 526 515 501 BAJAJ-AUTO Scrip Name CMP RB2 RB1 PP SB1 SB2 GAIL 459 474 466 459 452 444 GLENMARK 707 734 721 710 699 685 HEROMOTOCO 2413 2471 2435 2407 2379 2343 HINDUNILVR 737 750 742 735 728 719 BANKBARODA 874 916 895 878 861 840 HINDZINC 164 173 168 164 160 155 BANKINDIA 261 275 267 261 254 246 IBREALEST 65 74 69 66 63 58 BATAINDIA 1214 1267 1240 1219 1197 1171 ICICIBANK 1537 1569 1551 1537 1523 1505 BHARATFORG 764 791 778 767 757 744 IDBI 64 66 64 63 63 61 BHARTIARTL 402 408 404 401 398 394 IDEA 161 169 164 160 155 150 BHEL 228 241 234 228 223 216 IDFC 140 146 143 140 137 134 BIOCON 475 487 481 475 470 463 IFCI 34 35 35 34 33 33 BPCL 697 736 716 700 684 664 IGL 424 451 436 424 413 398 CAIRN 277 285 281 278 275 271 INDIACEM 107 113 110 107 105 102 CANBK 387 405 396 389 382 374 INDUSINDBK 667 684 675 669 662 653 CENTURYTEX 520 536 528 521 514 506 INFY 3812 3909 3863 3826 3788 3742 CESC 656 707 683 664 644 620 IOB 60 62 61 60 59 58 CIPLA 604 620 612 605 598 589 IOC 380 407 394 383 373 360 COALINDIA 361 379 368 360 352 341 IRB 235 241 237 235 232 229 1698 1741 1720 1704 1687 1666 ITC 352 363 358 354 349 344 CROMPGREAV 189 202 196 191 186 179 JINDALSTEL 136 156 144 135 126 115 DABUR 206 212 209 207 205 202 JISLJALEQS 82 85 83 81 80 78 DISHTV 55 56 56 55 55 55 JPASSOCIAT 30 32 31 30 29 28 1743 1789 1757 1732 1706 1674 JPPOWER 12 13 12 12 12 11 115 125 118 113 108 102 JSWENERGY 72 75 73 72 71 69 DRREDDY 2966 3032 2995 2965 2935 2898 JSWSTEEL 1146 1196 1166 1141 1117 1086 EXIDEIND 158 177 168 161 154 145 JUBLFOOD 1206 1254 1228 1208 1187 1161 FEDERALBNK 139 143 141 139 137 135 JUSTDIAL 1687 1754 1710 1675 1640 1596 COLPAL DIVISLAB DLF LKP Advisory PIVOT POINTS Scrip Name CMP RB2 RB1 PP SB1 SB2 Scrip Name CMP RB2 RB1 PP SB1 SB2 KOTAKBANK 1004 1056 1032 1013 993 969 TATACHEM 389 405 397 391 385 377 115 120 117 115 113 111 TATACOMM 375 385 379 373 368 362 65 67 66 66 65 64 TATAGLOBAL 155 158 156 155 153 151 324 354 340 328 317 302 TATAMOTORS 495 509 500 492 484 475 LT 1495 1527 1508 1492 1476 1456 TATAMTRDVR 315 332 324 316 309 301 LUPIN 1387 1439 1404 1375 1347 1312 TATAPOWER 87 89 88 87 86 84 M&M KTKBANK L&TFH LICHSGFIN 1261 1308 1283 1263 1243 1219 M&MFIN 281 288 284 281 277 273 MARUTI 3004 3050 3022 2999 2976 MCDOWELL-N 2556 2842 2655 2503 MCLEODRUSS 252 265 259 30240 31539 30929 MRF 450 466 458 451 444 436 TCS TATASTEEL 2423 2549 2492 2445 2398 2340 2948 TECHM 2296 2384 2332 2289 2246 2194 2351 2163 TITAN 383 393 388 383 379 374 254 249 242 UBL 681 731 704 683 661 634 30436 29943 29333 79 84 82 80 78 76 2450 2522 2472 2432 2392 2342 223 230 226 223 220 215 18 19 18 18 17 17 UPL 331 342 335 329 324 317 UCOBANK NHPC 19 20 19 19 19 19 NMDC 160 167 163 161 158 154 UNIONBANK NTPC 144 149 146 143 141 138 UNITECH OFSS 3212 3282 3244 3214 3184 3147 ONGC 419 440 430 421 412 402 VOLTAS 232 245 238 233 227 220 ORIENTBANK 256 264 259 255 251 246 WIPRO 556 591 575 562 548 532 PETRONET 196 206 199 195 190 183 YESBANK 614 629 620 613 605 596 PFC 262 274 266 259 253 245 ZEEL 330 347 336 328 319 309 PNB 955 989 967 948 930 907 POWERGRID 135 139 137 135 133 131 85 90 87 85 83 80 RANBAXY 594 615 605 596 588 578 RCOM 100 104 102 100 99 96 PTC RECLTD 274 292 280 271 262 250 RELCAPITAL 449 479 465 453 442 427 RELIANCE 935 969 947 929 911 889 RELINFRA 562 588 574 563 551 537 RPOWER 70 72 71 70 69 68 SAIL 78 82 79 78 76 74 SBIN 2569 2629 2597 2572 2547 2515 SIEMENS 825 851 833 819 805 788 SRTRANSFIN 925 976 947 924 900 871 SSLT 238 249 242 237 232 225 SUNPHARMA 802 828 815 805 794 782 SUNTV 310 326 316 308 300 290 SYNDIBANK 116 121 118 116 113 111 LKP Advisory ULTRACEMCO 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. 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