[Type text] MSFL Research Retail Business Group, MSFL, CIN : U65910GJ1992PLC017544 Marwadi Financial Plaza, Nana Mava Main Road Rajkot. Tel + 91 281 6192818/816/817 www.marwadionline.com Daily Market Preview Sensex 337940.30 (0.55%) Nifty 10493.00 (0.50%) Tuesday, Dec 26 2017 F&O Picks HEXAWARE(336.35) Covered Call Strategy Outlook : Positive Payoff Increase in price couple with decrease in open interest indicates Short Covering of position. The stock is expected to test 350 on daily chart. Maximum profit is 15.35 at or above 350 levels while loss is restricted to 7.65 at stop loss level. Strategy – Covered Call strategy Logic Buy a Dec Future @ 336.35 Write a Dec 350 Call @ 1.70 Keep stoploss of 327 Buying a Future alllow one to gain in the Up side move while writing an OTM Call reduces cost of strategy. F&O - Long buildup / Short covering F&O - Short buildup / Long square up Stocks Price Change O I change Stocks Price Change O I change (`) (%) (shares in Lacs) (%) (`) (%) (shares in Lacs) (%) RNAVAL 43.25 8.67 3.96 2.80 IFCI 27.20 -5.88 -140.36 -16.38 ALBK 77.45 4.24 1.70 1.32 CANFINHOME 497.30 -2.69 -2.36 -5.51 MINDTREE 601.05 4.10 1.70 10.56 WOCKPHARMA 874.80 -2.30 -5.20 -14.31 VGUARD 239.10 2.42 4.26 14.73 BALRAMCHIN 139.35 -2.18 -14.10 -7.73 PIDILITIND 947.65 2.12 0.54 5.15 IDBI 59.70 -2.13 -10.40 -4.90 Stock CMP Support Next Target (Down) Resistan ce Next Target (Up) Intra-Day View Recommendation ONGC 193.4 191 189 196 198 Positive Morning star kind of pattern with average volume action on daily chart indicates strength in a counter. Stock is forming rounding bottom pattern. Stock is trading above all moving averages. RSI has seen with positive sign. buy with sl. CDSL 366 363 360 369 372 Positive Doji morning star with above average volume action indicates strength in a counter. Moreover stock has given breakout of descending channel pattern and sustain above it.RSI and SO have seen in positive zone. buy with sl. BALRAMCHIN 139.35 137 135 141.5 143 Negative Three black crow followed by big white candle on daily chart indicates weakness. Additionally, it has broken support of all moving averages and given close below it. However, RSI has seen near to oversold zone. so, sell with sl. Market Indicators Nifty -Techni Views . . . A/D Ratio (NSE) 26 2 9 2017 16 23 30 6 February 13 20 27 6 March 14 20 27 3 10 April 17 24 2 May 8 15 22 29 5 June 12 19 27 3 July 10 17 24 31 7 August 14 21 28 4 11 September 18 25 3 9 October 16 23 30 6 13 November 20 27 4 11 December 18 25 1 8 2018 10000 20000 30000 40000 50000 60000 x10000 Volume (143,119,168) 7700 7750 7800 7850 7900 7950 8000 8050 8100 8150 8200 8250 8300 8350 8400 8450 8500 8550 8600 8650 8700 8750 8800 8850 8900 8950 9000 9050 9100 9150 9200 9250 9300 9350 9400 9450 9500 9550 9600 9650 9700 9750 9800 9850 9900 9950 10000 10050 10100 10150 10200 10250 10300 10350 10400 10450 10500 10550 10600 10650 10700 * NIFTY 50 (10,457.30, 10,501.10, 10,448.25, 10,493.00, +52.7002) FII-Cash (mln) F&O (mln) Domestic (mln) PCR Crude Nymex Copper Aluminum BDI CBOE VIX 10 year yields DXY Supp. Resist Pivot A white candles followed by couple of small candle on daily chart with the average volume action indicate probable breakout of consolidation in the market. Though we recommend to trade in long position with the stock specific approach for the day. I 10460 10513 10481 II 10428 10534 10530
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[Type text]
MSFL Research
Retail Business Group, MSFL, CIN : U65910GJ1992PLC017544
Marwadi Financial Plaza, Nana Mava Main Road Rajkot.
Tel + 91 281 6192818/816/817 www.marwadionline.com
Daily Market Preview
Sensex 337940.30 (0.55%) Nifty 10493.00 (0.50%) Tuesday, Dec 26 2017
F&O Picks HEXAWARE(336.35) Covered Call Strategy Outlook : Positive Payoff
Increase in price couple with decrease in open interest indicates Short Covering of position. The stock is expected to test 350 on daily chart.
Maximum profit is 15.35 at or above 350 levels while loss is restricted to 7.65 at stop loss level.
Strategy – Covered Call strategy Logic Buy a Dec Future @ 336.35 Write a Dec 350 Call @ 1.70 Keep stoploss of 327
Buying a Future alllow one to gain in the Up side move while writing an OTM Call reduces cost of strategy.
F&O - Long buildup / Short covering F&O - Short buildup / Long square up
Stocks Price Change O I change
Stocks Price Change O I change
(`) (%) (shares in Lacs) (%) (`) (%) (shares in Lacs) (%)
Morning star kind of pattern with average volume action on daily chart indicates strength in a counter. Stock is forming rounding bottom pattern. Stock is trading above all moving averages. RSI has seen with positive sign. buy with sl.
CDSL 366 363 360 369 372 Positive
Doji morning star with above average volume action indicates strength in a counter. Moreover stock has given breakout of descending channel pattern and sustain above it.RSI and SO have seen in positive zone. buy with sl.
BALRAMCHIN 139.35 137 135 141.5 143 Negative
Three black crow followed by big white candle on daily chart indicates weakness. Additionally, it has broken support of all moving averages and given close below it. However, RSI has seen near to oversold zone. so, sell with sl.
340COAL INDIA - 1 MONTH (269.550, 269.550, 265.500, 266.450, -2.09998)
COALINDIA Sell with sl
(266.45)
262 270
258 274
A couple of black candle with above average
volume on daily chart indicates weakness.
Moreover, it has, formed declining channel
pattern.200 DEMA is acting as strong
resistance. RSI has seen with negative
Crossover. sell with sl.
[Type text]
MSFL Research
Retail Business Group, MSFL, CIN : U65910GJ1992PLC017544 Marwadi Financial Plaza, Nana Mava Main Road Rajkot.
Tel + 91 281 6192816/817/818 www.marwadionline.com
Scrip Name Industry Meeting Purpose
ARVSMART Realty Preferential Issue of shares
BGPL Paper & Paper Products General
CANBK Banks General
ETIL Finance (including NBFCs) General
HANUNG Furniture Furnishing Paints General
INSOE IT Consulting & Software General
PIDILITIND Specialty Chemicals Buy Back of Shares
PSB Banks General
RAPIDIN Misc.Commercial Services General
RELICTEC Other Financial Services General
TATIAGLOB Other Apparels & Accessories General
Scrip Code Scrip Name Ex-Date Actions
531543 JINDWORLD 26-Dec-17 Stock Split From Rs.10/- to Rs.5/-
504340 CONFINT 27-Dec-17 Consolidation of Shares
509874 SHALPAINTS 28-Dec-17 Right Issue of Equity Shares
Board Meetings (26.12.2017)
Corporate Action
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MSFL Research
MSFL Disclaimer: All information/opinion contained/expressed herein above by MSFL has been based upon information available to the public and the sources, we believe, to be reliable, but we do not make any representation or warranty as to its accuracy, completeness or correctness. Neither MSFL nor any of its employees shall be in any way responsible for the contents. Opinions expressed are subject to change without notice. This document does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this document. This document is for the information of the addressees only and is not to be taken in substitution for the exercise of judgment by the addressees. All information contained herein above must be construed solely as statements of opinion of MSFL at a particular point of time based on the information as mentioned above and MSFL shall not be liable for any losses incurred by users from any use of this publication or its contents. "For information only, not solicitation to trade, refer website disclaimer before trading"
Analyst Declaration: We, MSFL Research Team, hereby certify that the views expressed in this report are purely our views taken in an unbiased manner out of information available to the public and believing it to be reliable. No part of our compensation is or was or in future will be linked to specific view/s or recommendation(s) expressed by us in this research report. All the views expressed herewith are our personal views on all the aspects covered in this report.
MSFL Investment Rating: The ratings below have been prescribed on a potential returns basis with a timeline of up to 12 months. At times, the same may fall out of the price range due to market price movements and/or volatility in the short term. The same shall be reviewed from time to time by MSFL. The addressee(s) decision to buy or sell a security should be based upon his/her personal investment objectives and should be made only after evaluating the stocks’ expected performance and associated risks.
SEBI Registration No.: INH000002186 Key ratings: Rating Expected Return Buy > 15% Accumulate 5 to 15% Hold - 5 to 5% Sell < - 5% Not Rated -
Marwadi Shares & Finance Limited
Registered Office Marwadi Financial Plaza, Nana Mava Main Road, Off. 150 Ft. Ring Road, Rajkot – 360 005. Tel : +91 281 6192833 / 818 / 817 / 816