Religare Morning Digest
May 12, 2015
Nifty Outlook
Tracking global cues, the domestic benchmark Nifty index opened on a buoyant note in the first
trading session of the week. The bullish momentum was intact till the end and it settled 1.6% higher.
Almost all of the sectoral pivots were seen contributing towards the up move baring FMCG index and
PSU bank index performed exceptionally well and settled 6% higher. Although, Nifty was trading with
positive bias from the beginning but buying interest fueled after PSU bank major Bank of Baroda
announced that its bad loans figures were recorded at 3.72% against 3.85% in the previous quarter.
Caution is advised at current juncture as Nifty is trading close to its important resistance mark 8350
level. This level holds the key for further move of the domestic major. More importantly, IIP and CPI
data are scheduled to be announced on the 12th May, 2015. Market participants emphasize a lot on
these figures, having said that, we may witnesses a pause on Tuesday considering data will be
announced post market and Nifty has already rallied over 4% from recent bottom i.e. 7997 in the past
few sessions.
Nifty
VWAP
Max Call
Max Put
8208
8500
8100
Religare Super Ideas
News
Domestic car sales rose 18.14% in April, the fastest rate of growth in 30 months. According to
Society of Indian Automobile Manufacturers (SIAM), domestic passenger car sales in April stood
at 1,59,548 units compared with 1,35,054 in the same month of 2014.
Scrip
Buy/
Sell
CMP
Initiation
Range
SL
Target
Duration
MARICO
BUY
379.5
375– 380
365
410
3-5 Days
Havells net profit fell 11.01% to Rs 121.85 crore on 2.84% increase in total income to Rs
1361.71 crore in Q4 March 2015 over Q4 March 2014.
IDEA
BUY
171.1
170 - 172
168
186
3-5 Days
Bank of Baroda's standalone net profit declined by 48 per cent to Rs 598.35 crore for the quarter
ended March 31.
Derivative Ideas :
FII & DII activity (Rs. in Cr.)
Sectors to watch
Instrument
B/S
Lot
RANGE
SL
TARGET
COLPAL
B
125
20602070
2015
2200
FII F &O (Rs. In Cr.)
Sector Name
Outlook
Category
Amt
MTD
YTD
FMCG
STABLE
FII
-437.56
-3516
105481
PHARMA
WEAK
DII
1114.38
558
51265
IT
STABLE
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*FII & DII data of 8th May 2015
No. of
contracts
Turnover (in
IDXFUTS
578127
15150.92
IDXOPT
7017743
155046.7
STKFUTS
918722
24040.48
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Religare Morning Digest
May 12, 2015
Religare Super Ideas
Marico Limited (MARICO)
Derivative Ideas
Idea Cellular Limited (IDEA)
COLPAL
The stock has formed ABC pattern on Daily chart. As
per pattern it has given good breakout today above
2080 with good volume Also MACD and RSi showing
positive divergence on Daily chart, we believe
momentum will still continue with positive bias in
coming session
Strategy: COLPAL FUT BET . 2060-2070 FOR A TGT OF
2200 WITH A SL OF 2015
It tested important support placed around 360 levels (as
shown in the weekly chart above) last week and strong
pull-back was witnessed yesterday. This indicates good
amount of buying interest around those support levels.
Hence, short term traders can buy the stock as per the
mentioned levels.
We are reiterating our bullish view on IDEA as it is
consolidating around its 100 EMA and important
trend line support levels (as shown above) from past
couple of sessions. This indicates strength and
higher possibility of an upside move in the near term.
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LOT SIZE: 125
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Religare Morning Digest
May 12, 2015
Events Calendar—May 2015
Sun
Mon
Tue
Wed
Thu
Fri
Sat
1
2
Grasim Industries
3
4
HSBC India
Manufacturing
PMI
5
Dabur India Ltd
Century Textiles & Industries Ltd
Oriental Bank of Commerce
ABB India Ltd
Canara Bank
Firstsource Solutions Ltd
NIIT Technologies Ltd
6
Sanghi Industries Ltd
KEC International Ltd/India
HSBC India Services PMI
HSBC India Composite PMI
7
Titan Co Ltd
Birla Corp Ltd
Hero MotoCorp Ltd
8
Hindustan Unilever Ltd
Punjab National Bank
Orient Cement Ltd
Gulf Oil Lubricants India Ltd
Local Car Sales
Exports YoY
Imports YoY
Trade Balance
9
10
11
Bank of Baroda
Havells India
Ltd
12
Finolex Industries Ltd
Ashok Leyland Ltd
Union Bank of India
Sobha Ltd
Canara Bank
Industrial Production YoY
CPI YoY
13
Sanghi Industries Ltd
Tata Communications Ltd
Emami Ltd
14
Oriental Bank of Commerce
Oracle Financial Services Software
Ltd
Jubilant Foodworks Ltd
Wholesale Prices YoY
15
NTPC Ltd
Bank of India
JK Lakshmi Cement Ltd
JSW Steel Ltd
Nestle India Ltd
Gulf Oil Lubricants India Ltd
16
17
18
19
Asian Paints Ltd Colgate-Palmolive India Ltd
Pidilite Industries Ltd
22
ITC Ltd
Mphasis Ltd
State Bank of India
Cummins India Ltd
Engineers India Ltd
Gujarat State Petronet Ltd
IRB Infrastructure Developers Ltd
23
Strides Arcolab Ltd
20
21
Lakshmi Machine Works Ltd Zee Entertainment Enterprises Ltd
Hinduja Global Solutions Ltd
Bajaj Auto Ltd
Britannia Industries Ltd
Voltas Ltd
Earnings Calendar
Economic Calendar
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Religare Morning Digest
May 12, 2015
Events Calendar—May 2015
Sun
24
Mon
25
Tue
26
GAIL India Ltd
Thermax Ltd
Tech Mahindra Ltd
Wed
Thu
27
Bharat Heavy Electricals Ltd
Container Corp Of India Ltd
Power Finance Corp Ltd
Oil India Ltd
Prestige Estates Projects Ltd
Bata India Ltd
28
Hindustan Petroleum Corp Ltd
Gujarat Industries Power Co Ltd
Indraprastha Gas Ltd
SJVN Ltd
Bharat Petroleum Corp Ltd
Bajaj Electricals Ltd
Oil & Natural Gas Corp Ltd
Rural Electrification Corp Ltd
Fri
29
Mahindra & Mahindra Ltd
Larsen & Toubro Ltd
NMDC Ltd
Phoenix Mills Ltd
Tata Motors Ltd
India Cements Ltd/The
Crompton Greaves Ltd
Sunteck Realty Ltd
Ashiana Housing Ltd
Power Grid Corp of India
Ltd
Coal India Ltd
DLF Ltd
Redington India Ltd
GDP YoY
GDP Annual Estimate YoY
Sat
30
31
Fiscal Deficit INR Crore
Earnings Calendar
Economic Calendar
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Religare Morning Digest
May 12, 2015
Current Portfolio and Performance
Summary as on 11th May’15
Model Portfolio
Sector
Entry Date
Weight
Reco. Price (` )
CMP (` )
Construction
3/2/2015
10.7%
1,818
1,615
Financial Services
3/2/2015
12.5%
347
324
Construction
3/3/2015
10.1%
222
190
Pharma
3/4/2015
7.0%
1,786
1,731
Consumer Goods
4/8/2015
8.7%
1,574
1,475
Media & Entertainment
4/21/2015
5.1%
78
77
Asian Paints
Consumer Goods
4/10/2015
11.4%
849
772
Idea Cellular
Telecom
4/29/2015
6.3%
193
171
Stock
Larsen & Toubro
ICICI Bank
Engineers India
Divi's Laboratories
Jubilant Foodworks
Dish TV
Cash
Cash
Total
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28.2%
100%
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Religare Morning Digest
May 12, 2015
Historical Performance as on 11th May’15
Model Portfolio
Performance Matrix
Since
Inception
1-Month
3-Month
1-Year
3-Year
Religare Alpha
-8.31%
-6.29%
0.00%
0.00%
8.78%
Nifty
-5.18%
-3.88%
0.00%
0.00%
5.59%
Outperformance
-3.13%
-2.41%
0.00%
0.00%
3.18%
Performance Comparison
1,250
1,200
1,150
Religare Alpha
1,100
Nifty
1,050
1,000
950
10/13/2014
11/13/2014
12/13/2014
1/13/2015
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2/13/2015
3/13/2015
4/13/2015
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Religare Morning Digest
May 12, 2015
Team Members
Rakesh Tarway
[email protected]
Ajay Kumar Srivastava [email protected]
Ajit Mishra
[email protected]
Ammolh Paatil
[email protected]
Swati Saxena
[email protected]
Manoj M Vayalar
[email protected]
Munjal Mehta
[email protected]
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Religare Morning Digest
May 12, 2015
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