4th March 2016 - Friday
ShareKhan Pre - Market Action
Trading Ideas: 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
Important News & Events (Both Domestic & Global) to keep you updated on
News/ Updates: all the happenings in markets.
Index Ideas:
Nifty and Bank Nifty view for the day.
Trading Ideas
Jindal Steel & Power (CMP – 63.35)
Adani may buy Jindal Power; valuation at Rs
20K crore
Action to be taken: Long JSPL
Stop loss: 62.4
Target: 65-66
RCOM (CMP - 55)
RCom Disagreement with
valuation of tower assets
TPG
group
Action to be taken: Short RCOM
Stop loss: 56
Target: 52-51
over
News Update
• Reliance Capital: Gets all approvals for increase in
Nippon Life Ins stake to 49%.
• Govt: To tax share buyback income between 20002013 as capital gain.
• Tata firm in talks to buy JP Morgan MF's India assets
• MINDA INDUSTRIES: To Acquire Lights & Technical
Center From Rinder
•ONGC To Consider Interim Dividend Plan On March 9
News Update
• Anti-dumping duty likely on a chemical imports from
6 nations
• Yes Bank buys over 5% stake in advisory firm IiAS
• Maruti hikes prices by up to Rs34,494 to offset infra
cess
• DCB Bank acquires 5.81% stake in Annapurna
Microfinance
• GOVT: Looks To Revive HMT Machine Tools, Heavy
Engg Corporation: PTI
News Update
• Coal India to buy back 5% govt stake next year
• Firms rush to declare interim dividend to avoid
dividend distribution tax
• Govt to hike gas price for ONGC, RIL
Watch List
Stocks With +ve
Bias
CMP
(Rs)
Stocks With -ve
Bias
CMP
(Rs)
CIPLA
530
Havells
279
ONGC
197
Bajaj Auto
2253
Stock for
Investment
Stocks for Investment
Stocks
CMP (Rs)
INDUSIND BANK
896
BRITANNIA
2842
BAJAJ FINSERVE
1675
SUN PHARMA
871
ULTRATECH
2944
Global Update
Global
Indices
and
news
Street moved higher on
•Wall
Thursday, adding momentum to a
recent recovery as the energy and
financial
sectors
emerged
into
positive territory for the year.
•Asian shares look set to post a third
straight weeks of gains on Friday as
investors scaled back cautious bets
on the global economy after a string
of positive US economic data and a
recovery in oil and commodity prices.
The rebound in risk asset prices could
continue
if
the
upcoming
US
employment report points to solid job
gains, but not strong enough to
encourage rate rises in the near term.
•Key data to watch in US today are
Employment
Situation
and
International Trade.
Index
Close
Prev
Close
Change
Change
Dow
Jones
16944
16899
45
0.26%
S&P
500
1993
1986
7
0.35%
FTSE
6130
6147
-17
-0.27%
Technical Update
Technical view – Nifty –7475
Short Term Target for Nifty is 7512
Crucial Support area for Nifty is 7406
Intraday levels:
Support 7443-7406
Resistance 7485-7512
All levels are spot levels
Technical view Bank Nifty- 15177
Crucial Support for Bank Nifty is at 14767
Intraday levels:
Support 15000-14767 Resistance 15367-15565
All levels are spot levels
Derivative Update
Future’s Activity
Nifty
Nifty CoC
OI
PCR(OI)
INDIA VIX
Current Previous % change
7449.55 7361.55 1.20%
-4.54%
-1.25% -264.32%
23283000 21811725 6.75%
1.00
0.93
7.53%
-5.00%
18.04
18.99
Nifty added 14.71 lakh shares in OI.
Option’s Activity
Strike
7400 C
7500 C
7600 C
Most active index call option
Curr. IV
Curr. OI % Chg. OI
16.08%
4565625
-3.33%
15.50%
5136300
2.30%
15.08%
3784725
4.79%
% Chg. IV
-3.57%
-4.49%
-4.80%
Strike
7200 P
7300 P
7400 P
Most active index Put option
Curr. IV
Curr. OI % Chg. OI
18.24%
5112750
23.56%
17.25%
3982725
23.90%
16.28%
3064050
97.23%
% Chg. IV
-1.55%
-2.15%
-2.74%
On the options front in the February series 7000 PE stands with the
highest number of shares in the open interest (OI). Whereas on call
side 7500 CE stands with the highest number of shares in the open
interest (OI).
Securities in Ban For Trade Date 02-March-2016
1.JISLJALEQS
FII :
INDEX FUTURES
INDEX OPTIONS
STOCK FUTURES
STOCK OPTIONS
+259.69 cr.
+455.00 cr.
+256.07 cr.
-32.43 cr.
Market Level
Higher
5-DAY VWAP Lower Range
Range
7220
7220
7500
SGX Nifty +32.50 points at 7473.00 (Mar Fut.)
Thank You !
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