Sharekhan Pre Market 7th January 2015 -Thursday

ShareKhan Pre - Market Action

7th Jan 2016 - Thursday

TradingIdeas: Long/Short Ideas identified on basis of Fundamental Trigger/News/Events

Watch List: List of stocks identified for trading with positive and negative bias for the day

News/ Important News & Events (Both Domestic & Global) to keep you updated on all News/ Updates:

Important News & Events (Both Domestic & Global) to keep you updated on all the happenings in markets.

Index Ideas: Nifty and Bank Nifty view for the day.

Currency: View on Currencies/ Important News and Updates

Commodity: View on Gold/ Silver/Metals

Trading Ideas

Lupin (CMP – 1753)

Lupin: Launches Generic Ortho Tri-Cyclen LoTablets In US. Norgestimate and Ethinyl EstradiolTablets USP, had U.S. sales of approximately$488.6 million for the 12 months ending Sept. 30,2015, according to IMS Health

Action to be taken: Long Lupin

Stop loss: 1732 Target: 1780-1800

M&M and Tata Motors

India to leapfrog emission norms from BSIV to BSVI by2020 : The move is sentimentally negative for autocompanies like Ashok Leyland, M&M, Tata Motors as wellas OMCs. However, substantial capex by OMCs wouldopen opportunities for companies like Engineers India.

Action to be taken: Short M&M (CMP 1226)


Action to be taken: Short Tata Motors CMP (366)


News Update

•McNally Bharat: Signs MoU With NIPPO India For RoadConstruction Projects In India.

•Kalpataru Power: Acquires An SPV Co AlipurduarTransmission From REC Transmission.

•ICICIBank buys 19.6 lk United Breweries shares at Rs•ICICIBank buys 19.6 lk United Breweries shares at Rs950/share via block deal from UB Holdings.

•Cabinet approves hybrid annuity based PPP projectmodel. (Agencies)

News Update

•Fortis Expansion Plan: Looking to expand outreach inIndia via tie-ups with hospitals which will bring somesmaller hospitals under Fortis.

•Supreme Tex mart board to consider subdivision ofshares on 19th Jan 2016.

•Enkei Wheels (India) Ltd has informed BSE that ameeting of the Board of Directors of the Company willbe held on January 11, 2016, to allot 7,06,500 EquityShares at the Price of Rs. 188/- each (includingpremium of Rs. 183/- each) on Preferential basis to itsPromoter i.e. Enkel Corporation, Japan.

News Update

•Tata Motors Says: PETRONAS Lubricants Intl PartnersWith Co To Launch Tata Motors Genuine Oil.

•Technofab Engg Says: Board To Meet On January 20 ToConsider Fundraising Via QIP.

•RBI Says: FIIs/RFPIs Can Now Invest Up To 100% In•RBI Says: FIIs/RFPIs Can Now Invest Up To 100% InTranswarranty Finance.

•NBCC Bags Order Worth Rs 294.8 Cr From IIT Mandialso NBCC Says: Secured Buisness Worth Rs 8,523 Cr InDecember

News Update

•Deepak Nitrite: To Issue 1.18 Cr Shares To QIBs At Rs70.90/Sh, To Raise Rs 83.3 Cr.

•Jaiprakash Associates Ltd signed an agreement withShree Cement Ltd to divest its stake in Bhilai JaypeeCement for an enterprise value of Rs.2,100-2,200 crore.

•Glenmark receives tentative US FDA nod for Sanofi’sheart drug.

•Stock trading halted for rest of day after CSI 300stumbles 7%

News Update

•Corporation Bank To Acquire 4% Stake In LIC NomuraMutual Fund.

•Cipla inks pact with US firm for Ropivacaine infusionsystem - Long term positive.

•Bank of India has allotted 20 million equity Shares to•Bank of India has allotted 20 million equity Shares toLife Insurance Corporation of India on Preferential at aprice of Rs. 132.06 per share (15.6% premium to CMP)- Positive read thru.

•North American Class 8 truck orders rise 68% MoM inDecember; positive for Bharat Forge

News Update

•Adani turns Mundra port into transhipment hub bypartnering with Terminal Investment Ltd SA, thecontainer terminal operating company majority ownedby Geneva-based Mediterranean Shipping Co. SA, theworld’s second biggest container shipping line.

•Bajaj Auto Ltd plans to enter a dozen new export•Bajaj Auto Ltd plans to enter a dozen new exportmarkets by end of March.

•Govt to shut 3 unviable HMT units.

•M&M launches its new premium pick-up Imperio

Watch List

Stocks With +ve Bias

CMP (Rs)

Stocks With -ve Bias

CMP (Rs)

IGL 566 ICICIBANK 250

VOLTAS 305 ITC 316

DISHTV 104 ASIANPAINT 891

Stock for Investment

Stocks for Investment

Stocks CMP (Rs)

ADITYA BIRLA NUVO 2258

AXIS BANK 431

BRITANNIA 3002

PI INDUSTRIES 678

LUPIN 1753

Global Update

Global Indices and newsIndex Close Prev

CloseChange Change

Dow

Jones

16907 17159 -252 -1.47%

S&P 1990 2017 -27 -1.31%

•US stocks closed at their lowestlevel since early October onWednesday, weighed down by freshconcerns over China and slowerglobal growth and as energy sharestumbled with oil prices.

Asian stocks fell to a three-monthlow on Thursday after China optedto keep guiding the yuan sharplylower. Shanghai shares tanked S&P

500

1990 2017 -27 -1.31%

FTSE 6073 6137 -64 -1.04%

lower. Shanghai shares tankedmore than 7 percent and tradingwas halted as the fall triggered acircuit breaker, despite recentsupportive measures announced byChinese authorities.

•Key data to watch in US today isJobless Claims.

Index View

Technical view – Nifty –7741

� Short Term Target for Nifty is 8200

� Crucial Support area for Nifty is 7692

� Intraday levels:Support 7721-7692 Resistance 7757-7788Support 7721-7692 Resistance 7757-7788

All levels are spot levels

Technical view Bank Nifty- 16433

�Crucial Support for Bank Nifty is at 15958

�Intraday levels:Support 16188-15958 Resistance 16614-16840

All levels are spot levels

Derivative Update

Future’s Activity

Current Previous % change

Nifty 7750.05 7802.75 -0.68%

Nifty CoC 1.94% 3.69% -47.43%

OI 21704100 21510000 0.90%

Nifty added 1.94 lakh shares in OI.

OI 21704100 21510000 0.90%

PCR(OI) 0.84 0.85 -1.18%

INDIA VIX 16.55 16.70 -0.90%

Option’s Activity

Strike Curr. IV Curr. OI % Chg. OI % Chg. IV

7900 C 14.58% 3894225 21.18% -2.07%

8000 C 14.29% 6083025 8.56% -1.64%

7800 C 15.16% 3084825 21.75% -2.08%

Most active index call option

Strike Curr. IV Curr. OI % Chg. OI % Chg. IV

7700 P 16.38% 4865925 8.51% -2.41%

7800 P 15.38% 3676650 -4.85% -2.75%

7500 P 18.09% 5659275 5.03% -1.91%

Most active index Put option

On the options front in the January series 7500 PE stands with the

highest number of shares in the open interest (OI). Whereas on call

side 8200 CE stands with the highest number of shares in the open

interest (OI).

Securities in Ban For Trade Date 07-January-2016

1.NIL

FII :

INDEX FUTURES -558.90 cr.

INDEX OPTIONS +315.29 cr.

STOCK FUTURES -56.85 cr.

STOCK OPTIONS +62.25 cr.

Market Level

5-DAY VWAP Lower RangeHigher

Range

7860 7700 7860

SGX Nifty -91.50 points at 7642.50 (Jan Fut.)

7860 7700 7860

Currency Update

ProductPrevious Close

Trend Action Support Resistance

USDINR 67.0125 Bullish Buy 66.90 67.09

EURINR 72.0350 Bullish Buy 71.85 72.18

Technical Overview (Jan Contract) 07-01-2016

EURINR 72.0350 Bullish Buy 71.85 72.18

GBPINR 98.2225 Bearish Sell 98.03 98.37

JPYINR 56.5825 Bullish Buy 56.36 56.73

Commodity Update

ProductPrevious Close

Trend Action Support Resistance

GOLD (Feb) 25741 Bullish Buy 25525 25970

SILVER

Commodity Technical Overview 7th Jan 2016

SILVER (Mar) 33774 Bullish Buy 33555 34068

CRUDE (Jan) 2291 Bearish Sell 2228 2386

COPPER (Feb) 311.10 Sideways Sell 309.30 312.80

Thank You !

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Sharekhan Pre Market 7th January 2015 -Thursday

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