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Religare Morning Digest
May 6, 2015
Nifty Outlook
After a strong surge on Monday, equity benchmarks traded in a narrow range and closed flat on Tuesday.
Due to prevailing uncertainty, participants preferred to book profit after the previous session’s rally, which
capped the upside in index. Also, investors’ are eyeing development in the parliament and hence keeping
cautious approach. Amid all, the market got support at lower levels in response to the statement made by
the finance minister Arun Jaitley that the government has initiated a large number of reforms in its first
year of governance to encourage investments and the country has the potential to grow at 9-10%.
We reiterate our view to uphold stock specific trading approach and avoid high beta counters for short
term trades. Besides, traders are advised to maintain balanced approach and keep a check on positions
size. As we have mentioned earlier in our posts, the prevailing negative bias would reverse if Nifty manages
to sustain above 8500 otherwise selling pressure will resume so plan your trades accordingly.
Nifty
VWAP
Max Call
Max Put
8490
8600
8100
Religare Super Ideas
News
Kotak Mahindra Bank's net profit rose 29.46% to Rs 527.14 crore on 27.26% rise in total income to Rs
3249.08 crore in Q4 March 2015 over Q4 March 2014. The bank approved bonus shares in ratio of
1:1.
Mahindra & Mahindra’s total tractor sales in April were down 13 per cent at 18,011 units as against
20,731 units in the same month last year.
V-Guard Industries Ltd net profit fell nearly 2 per cent to Rs 20.07 crore on higher tax outgo in Q4 of
FY15 from Rs 20.47 crore in the previous quarter.
Derivative Ideas :
B/S
Lot
CMP
SL
TARGET
HCLTECH
B
250
910915
886
970
Buy/Sell
CMP
Initiation
Range
SL
Target
Duration
MAKE
BUY
1773.45
1760– 1780
1700
1950
3-5 Days
RECLTD
BUY
318.75
317 - 320
308
350
3-5 Days
FII & DII activity (Rs. in Cr.)
Sectors to watch
Instrument
Scrip
FII F &O (Rs. In Cr.)
Sector Name
Outlook
Category
Amt
MTD
YTD
TEXTILE
STABLE
FII
60.53
10574
114219
PHARMA
STABLE
DII
146.8
7004
50119
OIL N GAS
STABLE
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*FII & DII data of 4th May 2015
Net B/S
IDXFUTS
553407
IDXOPT
4902037
STKFUTS
929557
OI
14045.1
6
108551.
15
24496.1
5
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Religare Morning Digest
May 6, 2015
Religare Super Ideas
Derivative Ideas
Marico Kaya Enterprises Limited (MAKE)
Rural Electrification CorporatioinLtd. (RECLTD)
HCLTECH
The stock has broken its multiple resistance
placed at 910 levels with good volumes and
managed to Sustain above the same. In addition
closed above its 100DEMA. Daily momentum
oscillators like MACD and RSI showing trend reversal signal. Considering this stock will move
upside up to 5-7% in coming session

It has witnessed decent profit taking from its recent
top i.e. 2308 levels. For past couple of sessions, it has
been consolidating with reasonable volume. This
indicates accumulation and it seems that the stock is
all-set for an upside breakout in the near term. Hence,
short term traders can utilize this pause as a fresh buying opportunity.

Three week long declining streak seems to halt with
the stock forming an upside reversal pattern on daily
chart. Currently, it is trading close to its important
supports and risk to reward ratio is also quite
favorable
at
current
juncture.
Strategy: BUY HCLTECH FUT BET 910-915 FOR A TGT
OF 970 WITH A SL OF 886
LOT SIZE : 250
Investment Idea
Scrip
CMP
Recommendation Price
Target
Duration
SRTRANSFIN
846.7
1140-1175
1500
9-12 month
Shriram Transport Finance Company Ltd. (SRTRANSFIN)

Shriram Transport Finance Company (STFC), the flagship company of the Shriram group, is the largest asset-financing non-banking financial company (NBFC) in the country and a
holistic finance provider for the commercial vehicle industry.

The Company plans to expand its nascent car lending portfolio to cover the entire country, as its core market (financing trucks, buses and tractors) continues to struggle. Of the
total US$8bn assets under management, heavy commercial vehicles account for 40 per cent, where growth is expected to revive with the economy.

The company is improving rural infrastructure with focus on rural market and expects better demand in the current quarter.
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Religare Morning Digest
May 6, 2015
Earnings Calendar
Sun
Mon
Tue
Wed
Thu
Fri
Sat
1
2
Grasim Industries Ltd
3
4
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
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
9
10
11
Bank of Baroda
12
Finolex Industries Ltd
Ashok Leyland Ltd
Union Bank of India
Sobha Ltd
13
Nestle India Ltd
Tata Communications Ltd
Emami Ltd
14
Asian Paints Ltd
Tech Mahindra Ltd
15
NTPC Ltd
Bank of India
Oracle Financial Services
Software Ltd
16
17
18
19
Jubilant Foodworks Ltd
20
21
Lakshmi Machine Works Ltd Zee Entertainment Enterprises Ltd
Hinduja Global Solutions Ltd
Bajaj Auto Ltd
22
ITC Ltd
Mphasis Ltd
State Bank of India
JK Lakshmi Cement Ltd
Colgate-Palmolive India Ltd
Cummins India Ltd
Engineers India Ltd
Gujarat State Petronet Ltd
IRB Infrastructure Developers
Ltd
23
Strides Arcolab Ltd
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Religare Morning Digest
May 6, 2015
Earnings Calendar
Sun
24
Mon
25
Tue
26
India Cements Ltd
GAIL India Ltd
Rural Electrification Corp Ltd
Wed
27
Bharat Heavy Electricals Ltd
Britannia Industries Ltd
JSW Steel Ltd
Thermax Ltd
Container Corp Of India Ltd
Power Finance Corp Ltd
Oil India Ltd
Prestige Estates Projects Ltd
Thu
28
Havells India Ltd
Hindustan Petroleum Corp Ltd
Pidilite Industries Ltd
Gujarat Industries Power Co Ltd
Indraprastha Gas Ltd
SJVN Ltd
Fri
29
Mahindra & Mahindra Ltd
Larsen & Toubro Ltd
NMDC Ltd
Phoenix Mills Ltd
Tata Motors Ltd
Crompton Greaves Ltd
Bharat Petroleum Corp Ltd
Bajaj Electricals Ltd
Oil & Natural Gas Corp Ltd
Voltas Ltd
Sunteck Realty Ltd
Ashiana Housing Ltd
Power Grid Corp of India Ltd
Coal India Ltd
DLF Ltd
Redington India Ltd
Sat
30
31
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Religare Morning Digest
May 6, 2015
Events Calendar
Date
Time
Events
Country
05/06/2015
10:30
HSBC India Services PMI
India
05/06/2015
10:30
HSBC India Composite PMI
India
05/08/2015
05:12
Local Car Sales
India
05/08/2015
05:15
Exports YoY
India
05/08/2015
05:15
Imports YoY
India
05/08/2015
05:15
Trade Balance
India
05/12/2015
17:30
Industrial Production YoY
India
05/12/2015
17:30
CPI YoY
India
05/14/2015
12:00
Wholesale Prices YoY
India
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 6, 2015
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Religare Morning Digest
May 6, 2015
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Religare Morning Digest
May 6, 2015
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[Please note that only in case of multiple RAs and if the answers differ inter-se between the RAs, then RA specific answer with respect to questions under F (a) to F(j) above , are given
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