MARKET Diary

16-Jan-17

Market

Nifty Intraday Chart

Market
Morning Traded Market

KEY LEVELS
Support 1 : 8229
Support 2 : 8134
Resistance 2: 8510
Resistance 3: 8598

Value

% Change

SGX NIFTY

8,404.00

-0.24%

NIKKIE

19150.67

-0.71%

HANG SENG

22,854.38

-0.36%

Sensex
Nifty

27,238.06
8,400.35

-0.03%
-0.08%

DOW
NASDAQ

19,922.61
5,574.12

-0.21%
0.48%

CAC

4,922.49

1.19%

DAX

11,629.18

0.93%

FTSE
EW ALL SHARE

7,337.81
15,206.01

0.62%
-0.16%

Yesterday Closing Market

Market Outlook
After starting with a subdued session, Nifty
continuously rose to make a weekly high of
8461.05 on Friday. At last the index closed the
Event Today week after gaining 1.90%. The broader market
was in the grip of bulls as the midcap and small
cap indices outshined the benchmark index and
Board Meetings closed the week after gaining 2.6%-3%.
On the sectoral front, Banking and Metal stocks
HINDCOPPER : General
were on the buyers radar while Pharmaceutical
VIKASECO : Preferential index closed in red.
Issue of shares
Countrys trade deficit has been narrowed to
Quarterly Results USD 10.37 billion in the month of December
DHFL , GEOMETRIC , HIL, 2016 as against USD 13 billion in November. The
exports rose by 19% month-on-month at USD
JAYBARMARU, LICHSGFIN
23.88 billion during the month of December.
RELIANCE .
For the April to December period trade deficit
reduced to USD 76.55 billion as against USD
100.08 billion in the corresponding period of
Concall
the previous fiscal.
DCB Bank : 3:30 PM
Foreign investors were the net sellers in the
cash segment. They sold Rs 1104 crores worth
of equities last week.
Post moving above initial resistance level of
8220 ( this level should act as support now),
Nifty has consistently scaled higher highs. Butt
now it has come close to next resistance zone of
8400-8500. High open interest at 8400 call also
will act as possible reversal trigger. We suggest
reducing long position in this zone or else if
maintaining long position, then keep small
trailing stop loss.

% Change in 1 day

Commodity Price ( Yesterday Closing )

Commodity/Currencies
GOLD
SILVER
CRUDEOIL
NATURALGAS
DOLLAR/RS.
EURO/RS.
POUND/RS.

Value

% Change

28380.00

-0.50%

40887.00

0.07%

52.35

-0.57%

233.10

0.65%

68.15

0.10%
0.00%
0.00%

72.53
82.99

% Change in 1 day

Institutional Turnover
FII
Investor

Buy(Cr.)

Sale(Cr.)

Net(Cr.)

3228

3345

(118)

91611

110444

(18833)

2017

975582

972017

3565

Investor

Buy(Cr.)

Sale(Cr.)

Net(Cr.)

2345
61214

2819
44148

(474)
17066

452855

425073

27782

13-Jan-17
Jan-17

DII
13-Jan-17
Jan-17
2017

Quote of the Day : "The extravagance of any corporate office is directly proportional to management's
reluctance to reward the shareholders." Peter Lynch
Narnolia Securities Ltd

IEA Snapshot
INFY

"BUY"

16th Jan 2017

In Q3, we saw continued momentum for software and services coming together to drive new value for clients. Having hit the USD 10 billion
mark in annual revenue run rate, it has performed well and is optimistic about the fourth quarter of the current fiscal .There would be
some impact of the H1-B depending on the nature of the policy that is enacted but "it is not something Mgt is overly concerned about."
The company presently is trading at 3.3 times FY17 earnings. With this we remain positive on the stock and recommend 'BUY' with the
target of 1210 at P/b of 3.3 times FY17 Book Value

MCX

"BUY"

16th Jan 2017

Average daily turnover remained 21023 cr in this quarter lower by approx. 16 percent to the previous quarter. Sales for this quarter was
largely inline to our estimates. For a longer term perspective launch of option will have a very positive effect on company's volume. Mcx
has strong balance sheet with no debt . As market will mature, more trading participants will be allowed to hedge and trade in commodity
market which will be positive for MCX as it has dominant market share. Earlier we had BUY recommendation on MCX at the price of Rs 991
for the target price of Rs 1400 on 2nd sept2016 and we booked profit in it on 30 Sept2016(up by 38%). Form our book profit price now
MCX has corrected much and considering long term prospects of MCX, we are bullish on this stock. We recommend to buy this stock with a
target price of Rs 1470.
*For details, refer to our daily report- India Equity Analytics

Top News
IL&FS Transportation Network Mgt Guideline : Company's
the order book of the company stands around Rs 12,500 crore
on a build, operate and transfer (BOT) basis. The company won
an EPC contract worth around Rs 370 crore during this quarter
for the Chennai metro stations. International order for the
company stands around USD 100 million.
The company is looking forward for Rs 1,000 crore EPC orders to
come in. The total debt of the company stands around Rs 9,600
crore and finance cost has come down by 5 percent compared
to year ago.
The company is looking at private placement route to
deleverage the balance sheet. The company is looking to reduce
the debt by Rs 4,000 crore on a consolidated basis.
Mgt Int : INFY
>>USD 20 billion is an aspirational target that Co. has but not
only USD 20 billion, also 30% margin and 80,000 revenue per
employee because they want to elevate the way that they work
so that it continues to be their aspiration and their endeavour.
>>Downward steady pricing pressure is expected to remain, but
optimistic on Q4FY17 and very optimistic about BFSI segment
growth.
>>Rupee depreciation gave a 30 bps advantage in margin terms
for Q3FY17 and the management is keeping a close eye on
developments pertaining to the H1-B visa issue.
>>Manufacturing segment was weak due to lower billing days,
which would bounce back in Q4 while retail continued to be
volatile and energy was relatively soft. Mgt expects most
sectors to bounce back next year barring energy.

Coal India arm hikes coking coal price by about 20% . It may help the
PSU earn an additional revenue of Rs 702 crore for the remaining part
of 2016-17 and Rs 2,986 crore in 2017-18 . The announcement comes at
a time when steel companies are feeling the squeeze because of a surge
in global coking coal prices.
The government imposed anti-dumping duties (ADDs) on import of
certain varieties of steel products from China and the European Union .
The duty was slapped on pre-painted, colour coated or organic coated
flat steels in coils or not in coils whether or not with metallic coated
substrate of zinc, aluminium-zinc or any other substrate coating,
excluding plates of thickness 6mm or more.
ABB has won an order worth around $75 million to supply advanced
converter transformers for the Belo Monte 800 kilovolts (kV) ultra-high
voltage direct current (UHVDC) transmission link. The 2,518-kilometre
link will transmit clean power generated in the north of Brazil, from the
Xingu substation to the Rio Substation in the south-east
U.S. consumer sentiment fell to a seasonally adjusted 98.1, from 98.2
in the preceding month. Analysts had expected UoM consumer
sentiment to rise to 98.5 last month.
U.S. PPI rose to a seasonally adjusted 0.3%, from 0.4% in the
preceding month. Analysts had expected U.S. PPI to rise 0.3% last
month.
U.K. Halifax HPI rose to a seasonally adjusted 1.7%, from 0.6% in the
preceding month whose figure was revised up from 0.2%. Analysts had
expected U.K. Halifax HPI to rise 0.2% last month.

Narnolia Securities Ltd

F&O OPEN INTEREST ( Number of Contracts )

Individual

Foreign Institutions

MARKET MOVERS (1 MONTH CHANGE)

Nifty Movers

NSE Sectoral Indices Performance

TRADING IDEAS

Scrip

Reco

Initiation Price

Target 1

GLENMARK

Buy

894.45

907

Axis Bank Jan

480 CE

Long
(1 lot =
1200)

10.15

17

Target 2 Stop Loss

928

24

Narnolia Securities Ltd

Rational

874

The stock has made a hammer pattern on daily

chart. Some pullback rally is very likely in the
stock from the current level

The stock has given a price

volume
breakout above Rs 464 on Friday. Some fresh
buying is expected in the stock from the
current level.

Result Calendar Q3FY17

BSE Code
531364
511072
532312
509675
520066
500253
500325
504356
511196
531358
532848
507886
531471
517354
523704
532541
517320
530667
524412
500215
538566
531531
500186
533217
530055
502330
500243
532400
511766
506590
532687
517447
532663
506105
532374
513597
523419
506680
521064
506235
512247
532215
539662
539122
533151
500469

Company Name
AQUAPIV
DHFL
GEOMETRIC
HIL
JAYBARMARU
LICHSGFIN
RELIANCE
ZMULTIPU
CANFINHOME
CHOICEIN
DELTACORP
DHRUVES
DUKEOFS
HAVELLS
MASTEK
NIITTECH
SAVINFOCO
SRINANDAA
AREYDRG
ATFL
BESTSTEEL
HATSUN
HINDOILEXP
HMVL
HRMNYCP
IPAPPM
KIRLOSIND
KPIT
MUTHTFN
PHILIPCARB
REPRO
RSSOFTWARE
SASKEN
STANROS
STRTECH
SURANAIND
TNTELE
TRELCHE-B
TRIDENT
ALEMBICLTD
ASHCAP
AXISBANK
BFLDEV
BODHTREE
DBCORP
FEDERALBNK

Date
BSE Code
16-Jan-17
533265
16-Jan-17
540124
16-Jan-17
524669
16-Jan-17
505283
16-Jan-17
534690
16-Jan-17
512455
16-Jan-17
530497
16-Jan-17
532819
17-Jan-17
539347
17-Jan-17
524546
17-Jan-17
534680
17-Jan-17
512257
17-Jan-17
510245
17-Jan-17
540210
17-Jan-17
539874
17-Jan-17
532648
17-Jan-17
533096
17-Jan-17
533029
18-Jan-17
526847
18-Jan-17
500027
18-Jan-17
523229
18-Jan-17
533108
18-Jan-17
532483
18-Jan-17
530457
18-Jan-17
524768
18-Jan-17
502865
18-Jan-17
505982
18-Jan-17
500449
18-Jan-17
533676
18-Jan-17
531550
18-Jan-17
533148
18-Jan-17
532926
18-Jan-17
539910
18-Jan-17
537800
18-Jan-17
521018
18-Jan-17
500304
18-Jan-17
502420
18-Jan-17
532742
18-Jan-17
522257
19-Jan-17
532987
19-Jan-17
540065
19-Jan-17
531539
19-Jan-17
501061
19-Jan-17
502742
19-Jan-17
530883
19-Jan-17
504273
Narnolia Securities Ltd

Company Name
GALLISPAT
GNA
HESTERBIO
KIRLPNU
LAKSHVILAS
LLOYDSME
MARVEL
MINDTREE
PHL
SHABCHM
SRGHFL
SVARTCORP
SWASTIVI
TMRVL
UJJIVAN
YESBANK
ADANIPOWER
ALKALI
ASHSI
ATUL
BHARATSE
BTTL
CANBK
CINERAD
EMMESSA
FORBESCO
HINDUJAFO
HOCL
INDOTHAI
JHACC
JSWENERGY
JYOTHYLAB
KOCL
MANGIND
MARALOVER
NIITLTD
ORIENTPPR
PAUSHAKLTD
RAJOOENG
RBL
RBLBANK
RISHDIGA
SBBJ
SINTEX
SUCROSA
TUMUSEL

Date
19-Jan-17
19-Jan-17
19-Jan-17
19-Jan-17
19-Jan-17
19-Jan-17
19-Jan-17
19-Jan-17
19-Jan-17
19-Jan-17
19-Jan-17
19-Jan-17
19-Jan-17
19-Jan-17
19-Jan-17
19-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17
20-Jan-17

Earning Estimate Q3FY17

BSE Code
532215
500469
540065
532648
532483
532400
532819
532541
533179
500325
511072
500253
532538
532926
532432

Company Name
AXISBANK
FEDERALBNK
RBLBANK
YESBANK
CANBK
KPIT
MINDTREE
NIITTECH
PERSISTENT
RELIANCE
DHFL
LICHSGFIN
ULTRACEMCO
JYOTHYLAB
MCDOWELL-N

SALES
4492
738
329
1463
2393
828
1300
718
733
64098
479
930
5344
376
2289

sales Growth ( % )
7.90
21.90
NA
26.50
7.40
1.90
7.00
5.70
23.70
13.30
12.20
24.50
-7.00
1.00
-5.00

PAT
684
187
120
845
413
62
106
71
68
8002
212
532
508
22
113

PAT Growth ( % )
-68.60
15.00
NA
25.00
386.10
-15.80
-29.90
-3.90
-12.20
10.90
14.10
26.90
-0.20
42.10
2145.70

PAT
(1.09)
64.04
55.66
4.30
33.98
19.69
51.00

PAT Growth ( % )
21.11
19.17
75.36
264.41
89.20
(74.85)
25.00

Thursday
19th Jan 17

Friday
20th Jan 17

Result Q3FY17
BSE Code
509567
511288
533177
513179
534091
532800
532772

Company Name
GOACARBON
GRUH
IL&FSTRANS
NATNLSTEEL
MCX
TV18BRDCST
DCBBANK

Country

Monday
16th Jan 17

SALES
71.95
381
1020
964.12
68.6
249.9
209

Economic Calendar
Tuesday
Wednesday
17th Jan 17
18th Jan 17
Empire State
Manufacturing Index,
NAHB Housing Market
Index, TIC Long-Term
Purchases.

US

UK/EURO ZONE

Trade Balance.

INDIA

WPI Data

sales Growth ( % )
(19.85)
17.76
1.20
14.45
37.72
(63.91)
31.00

CPI m/m, Core CPI m/m,

Capacity Utilization Rate,
Industrial Production
m/m, Crude Oil
Inventories, Beige Book.

Building Permits , Philly Fed

Manufacturing Index,
Unemployment Claims,
Housing Starts, Natural Gas
Storage.

CPI y/y,PPI Input m/m, RPI

Average Earnings Index
y/y , Core CPI y/y , PPI
3m/y, Claimant Count
Output m/m, German
Change, Unemployment
ZEW Economic Sentiment,
Rate, Final CPI y/y, Final
ZEW Economic Sentiment,
Core CPI y/y.
German WPI m/m.

Current Account, Minimum

Bid Rate, ECB Press
Conference.

Narnolia Securities Ltd

German PPI m/m , Retail Sales

m/m , Consumer Confidence.

N arnolia Securities Ltd

201 | 2nd Floor | Marble Arch Bu ild ing | 236B-AJC Bose
Road | Kolkata-700 020 , Ph : 033-40501500
em ail: narnolia@narnolia.com ,
w ebsite : w w w .narnolia.com

Risk Disclosure & Disclaimer: This report/message is for the personal information of
the authorized recipient and does not construe to be any investment, legal or taxation
advice to you. Narnolia Securities Ltd. (Hereinafter referred as NSL) is not soliciting any
action based upon it. This report/message is not for public distribution and has been
furnished to you solely for your information and should not be reproduced or
redistributed to any other person in any from. The report/message is based upon publicly
available information, findings of our research wing East wind & information that we
consider reliable, but we do not represent that it is accurate or complete and we do not
provide any express or implied warranty of any kind, and also these are subject to change
without notice. The recipients of this report should rely on their own investigations,
should use their own judgment for taking any investment decisions keeping in mind that
past performance is not necessarily a guide to future performance & that the the value of
any investment or income are subject to market and other risks. Further it will be safe to
assume that NSL and /or its Group or associate Companies, their Directors, affiliates
and/or employees may have interests/ positions, financial or otherwise, individually or
otherwise in the recommended/mentioned securities/mutual funds/ model funds and
other investment products which may be added or disposed including & other mentioned
in this report/message.