• Indian Equity market reached fresh record highs on Tuesday before giving up all gains to end in the red on the back of mixed global cues. • On the sectoral front, losses in auto, metal, FMCG and PSU banking shares pulled the market lower, though gains in IT stocks limited the downside. • On the technical front, Nifty formed a bearish engulfing candle following small negative candle resembling a 'Spinning Top' type candle associated with top reversals are the first signs of market topping out and of an upcoming corrective wave structure in the marking. Hence cautiousness need to be maintained and proper hedge strategy need to be maintained to protect ones portfolio against downside risk. The expected weakness could be a buy in dips opportunity for the near term while a sustainable move above 18,650 is likely to nullify this negative indication. Immediate support for the market comes from the rising trendline adjoining low of 16376, 17452 which comes around 17900-18000 which further coincides with the 20EMA at around 17838. On the downside it can be expected that the corrective phase to get anchored around 17500 as it happens to be the long term 1.5 year old rising trendline marking low of Mar’20. Inability to hold the said support levels would witness around bout of profit booking towards 17150. • On the option front, maximum Put OI is at 18500 followed by 18000 strike, while maximum Call OI is at 18500 followed by 19000 strike. Call writing was seen at 18600 strike, followed by 18400 strike while Put writing was seen at 18400 strike, followed by 18300 strike. ASHIKA GROUP TECHNICAL BUILDUP • Bearish engulfing candle with decrease in volume • Buy crossover in oscillators • Lower band of Bollinger exist at 17322 • Crucial moving average of 20/50 SMA are at 17871 and 17294 • 200 SMA trend deciding level exist at 15612 OUTLOOK OF THE DAY 1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704 WWW.ASHIKAGROUP.COM World Indices LTP Daily Ch (Pts) Daily Ch (%) Dow Jones 35457 198 0.56 Nasdaq 15129 107 0.71 S&P 500 4519 33 0.74 FTSE 100 7217 13 0.19 DAX 15515 41 0.27 Hang Seng 25925 137 0.53 Nikkei 29397 181 0.62 Sensex 18418 -58 -0.32 Nifty 61716 -49 -0.08 Commodity / Forex LTP Daily Ch (Pts) Daily Ch (%) Gold ($/Oz) 1767.90 -2.60 -0.15 Silver ($/Oz) 23.63 -0.25 -1.06 Brent Crude ($/bl) 85.06 -0.02 -0.02 Dollar Index 93.83 0.04 0.04 USD/INR 75.34 0.08 0.12 USD/YEN 114.68 0.30 0.26 EUR/USD 1.1630 -0.0003 -0.03 Support/Resistance levels for Indian Equity Indices S2 S1 CMP R1 R2 Sensex 61125 61425 61716 61985 62320 Nifty 18240 18330 18418 18500 18600 Nifty (Fut) 18255 18345 18432 1815 18615 Pivot Level Sensex 61851 Nifty 18466
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• Indian Equity market reached fresh record highs on Tuesdaybefore giving up all gains to end in the red on the back of mixedglobal cues.
• On the sectoral front, losses in auto, metal, FMCG and PSUbanking shares pulled the market lower, though gains in IT stockslimited the downside.
• On the technical front, Nifty formed a bearish engulfing candlefollowing small negative candle resembling a 'Spinning Top' typecandle associated with top reversals are the first signs of markettopping out and of an upcoming corrective wave structure in themarking. Hence cautiousness need to be maintained and properhedge strategy need to be maintained to protect ones portfolioagainst downside risk. The expected weakness could be a buy indips opportunity for the near term while a sustainable moveabove 18,650 is likely to nullify this negative indication.Immediate support for the market comes from the risingtrendline adjoining low of 16376, 17452 which comes around17900-18000 which further coincides with the 20EMA at around17838. On the downside it can be expected that the correctivephase to get anchored around 17500 as it happens to be the longterm 1.5 year old rising trendline marking low of Mar’20. Inabilityto hold the said support levels would witness around bout ofprofit booking towards 17150.
• On the option front, maximum Put OI is at 18500 followed by18000 strike, while maximum Call OI is at 18500 followed by19000 strike. Call writing was seen at 18600 strike, followed by18400 strike while Put writing was seen at 18400 strike, followedby 18300 strike.
ASHIKA GROUP
TECHNICAL BUILDUP
• Bearish engulfing candle with decrease
in volume
• Buy crossover in oscillators
• Lower band of Bollinger exist at 17322
• Crucial moving average of 20/50 SMA
are at 17871 and 17294
• 200 SMA trend deciding level exist at
15612OUTLOOK OF THE DAY
1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704
WWW.ASHIKAGROUP.COM
WorldIndices
LTPDaily
Ch (Pts)Daily
Ch (%)
Dow Jones 35457 198 0.56
Nasdaq 15129 107 0.71
S&P 500 4519 33 0.74
FTSE 100 7217 13 0.19
DAX 15515 41 0.27
Hang Seng 25925 137 0.53
Nikkei 29397 181 0.62
Sensex 18418 -58 -0.32
Nifty 61716 -49 -0.08
Commodity/ Forex
LTPDaily
Ch (Pts)Daily
Ch (%)
Gold ($/Oz) 1767.90 -2.60 -0.15
Silver ($/Oz) 23.63 -0.25 -1.06
Brent Crude ($/bl) 85.06 -0.02 -0.02
Dollar Index 93.83 0.04 0.04
USD/INR 75.34 0.08 0.12
USD/YEN 114.68 0.30 0.26
EUR/USD 1.1630 -0.0003 -0.03
Support/Resistance levels for Indian Equity Indices
S2 S1 CMP R1 R2
Sensex 61125 61425 61716 61985 62320
Nifty 18240 18330 18418 18500 18600
Nifty (Fut) 18255 18345 18432 1815 18615
Pivot Level
Sensex 61851
Nifty 18466
Ris ing global commodity prices, led by crude, coal and metals , wil l shave a
lot off the current account leading to higher imports and a rise in current
account defic it , which is l ikely to print at 1 .3 per cent of the GDP or USD 40
bil l ion, up from 0.9% surplus last f iscal , according to a brokerage report . (BS)
India's a luminium producers are drawing expensive power from the national
grid and adding to pressure on util it ies with low coal stock, the Aluminium
Associat ion of India (AAI ) told Reuters on Tuesday, as state-run Coal India
has curbed supplies . (BS)
The impact of the Covid-19 pandemic pain is l ikely to push the stressed
assets — bad loans plus restructured credit — in the micro, smal l enterprise
(MSME) pool to 17-18 per cent by March 2022, from 14 per cent in March 2021 ,
according to CRISIL . (BS)
India is ranked at 71st posit ion in the Global Food Security (GFS) Index 2021
of 113 countr ies, but the country lags behind its neighbours Pakistan and Sri
Lanka in terms food affordabil ity , according to a report . (BS)
Steel prices are set to go up further due to the expected coal or power
shortage and rising raw material prices in China that wil l potential ly weigh
on the earl ier-anticipated price correction, according to a report . (BS)
The government is looking at roll ing out a f ive-year strategic perspective
plan to make India a signif icant tech player , Minister of State for Electronics
and IT Rajeev Chandrasekhar said on Tuesday. (BS)
Hir ing demand has increased one per cent sequential ly in September , led by
printing and packaging on account of r is ing onl ine sales, fol lowed by BPO
and ITeS, as well as import and export , according to a report . (BS)
State-owned CIL said the supply of coal was prior it ised temporari ly to power
producers to replenish their dwindling stock of the dry fuel . (BS)
India is forming a group that brings together state-run and private ref iners to
seek better crude import deals , oi l secretary Tarun Kapoor said on Tuesday,
as the country grapples with soaring oil pr ices. (BS)
ASHIKA GROUP
ECONOMY
NEWS
1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704
WWW.ASHIKAGROUP.COM
The retail arm of Reliance Industr ies, Retail Ventures Ltd (RRVL) has
acquired a 52 per cent stake in veteran couturier Ritu Kumar's f irm Rit ika
Pvt Ltd for an undisclosed amount .
Dr Reddy announced the final approval of its ANDA for Lenalidomide
Capsules . With this approval , Dr . Reddy’s i s el igible for 180 days of generic
drug exclusivity for Lenalidomide Capsules .
TCS has partnered with Heritage Life Insurance, a US-based provider of
insurance and reinsurance services, to transform the customer experience
for policy holders in the closed book of business it recently acquired.
HCL Technologies and Innovaccer Inc (a health cloud company) partnered to
help healthcare and life sciences organizations drive digital health
transformation .
MPS would consider the proposal for buyback of equity shares of the
company on October 27.
Bajaj Finserve incorporated an asset management company called Bajaj
Finserv Asset Management on October 18 . It wil l manage various mutual
fund plans.
Aurionpro announces signing of an agreement for the acquisit ion of further
stake in its subsidiary SC Soft Pte Ltd.
Jindal Saw has won contract for repair and maintenance of manufacturing
facil it ies of Sathavahana Ispat .
Astral has decided to enter into the business of Faucets & Sanitaryware .
Deepak Fert i l izers launched a quali f ied inst itutional placement issue on
October 19 and approved the floor price for the same at Rs 422 .48 per equity
share.
North Eastern Carrying Corporation approved the proposal to raise Rs 49.50
crore through rights issue.
ASHIKA GROUP
CORPORATE
NEWS
1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704
WWW.ASHIKAGROUP.COM
Hindustan Unilever Ltd. : Net Revenue at Rs . 13046.0 crore, +7% QoQ,and+11 .7% YoY. EBITDA at Rs . 3226 .0 crore, +10 .3% YoY and +10 .4% QoQ.EBITDA Margin at 24 .7%, -31 bps YoY and +77 bps QoQ. Net Profit at Rs . 2182 .0crore, +10.5% YoY and +3.9% QoQ.
Nestle India Ltd . : Net Revenue at Rs . 3882 .6 crore, +1 1 .7% QoQ, and+9.6% YoY.EBITDA at Rs . 948 .0 crore, +7 .3% YoY and +11 .8% QoQ. EBITDA Margin at24.4%, -53 bps YoY and +3 bps QoQ. Net Profit at Rs . 617 .4 crore, +5 .2% YoYand +14.6% QoQ. Ashika
ICICI Prudential Life Insurance Company Ltd. : Total Income at Rs . 23129.4crore, +37 .4% YoY and +38.3% QoQ. Net Prof it at Rs . 445 .6 crore, +47.3% YoYand Rs. -185.3 crore QoQ.
L&T Technology Services Ltd. : Net Revenue at Rs . 1607 .7 crore, +5 .9% QoQ,and+22.4% YoY. EBITDA at Rs . 349 .3 crore, +50% YoY and +9.9% QoQ. EBITDAMargin at 21 .7%, +401 bps YoY and +80 bps QoQ. Net Profit at Rs . 230 .8 crore,+38.8% YoY and +6.4% QoQ. Ashika
ACC Ltd. : Net Revenue at Rs . 3749 .0 crore, -3 .5% QoQ, and+6% YoY. EBITDA atRs . 712 .3 crore, +6 . 1% YoY and -18 . 1% QoQ. EBITDA Margin at 19%, +2 bps YoYand -338 bps QoQ. Net Profit at Rs. 450.2 crore, +23.7% YoY and -20.9% QoQ.
ICICI Securit ies Ltd . : Net Revenue at Rs . 856.4 crore, +14 .9% QoQ, and+25.8%YoY. EBITDA at Rs . 543 .6 crore, +31 .3% YoY and +15 .5% QoQ. EBITDA Margin at63.5%, +264 bps YoY and +35 bps QoQ. Net Profit at Rs . 351 .2 crore, +26 .3%YoY and +13% QoQ. Ashika
Navin Fluorine International Ltd . : Net Revenue at Rs . 339 .0 crore, +3 .8% QoQ,and+6.3% YoY. EBITDA at Rs . 84 .2 crore, -7 .2% YoY and +8.2% QoQ. EBITDAMargin at 24 .8%, -361 bps YoY and +101 bps QoQ. Net Profit at Rs . 63 .2 crore, -6.8% YoY and +13.1% QoQ.
DCM Shriram Ltd. : Net Revenue at Rs . 2177 .5 crore, +8 .5% QoQ, and+6.4% YoY.EBITDA at Rs . 290.2 crore, +30 .8% YoY and +2 .5% QoQ. EBITDA Margin at13 .3%, +249 bps YoY and -77 bps QoQ. Net Profit at Rs . 158 .5 crore, +33 .2% YoYand +0.4% QoQ. Ashika
Sonata Software Ltd . : Net Revenue at Rs . 963.2 crore, -24 .1% QoQ, and+19 .8%YoY. EBITDA at Rs . 123 .1 crore, +41% YoY and +21 .9% QoQ. EBITDA Margin at12 .8%, +192 bps YoY and +482 bps QoQ. Net Profit at Rs . 91 .2 crore, +59 .4% YoYand +5.1% QoQ.
ASHIKA GROUP
1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704
WWW.ASHIKAGROUP.COM
Q2FY22 RESULT
HIGHLIGHTS
ASHIKA GROUP
1008, RAHEJA CENTRE, 214, NARIMAN POINT, MUMBAI-400 021, PH- 022 – 6611 1700, EXTN. - 704