Daily equity report sai proficient research

WWW.SAIPROFICIENT.COM

{DAILY EQUITY REPORT (05/4/2016)}

SAI PROFICIENT RESEARCH DAILY EQUITY REPORT

05-4-2016 INFO@SAIPROFICIENT.COM SUPPORT@SAIPROFICIENT.COM

+919981999934, +919755855566 1

WWW.SAIPROFICIENT.COM

{DAILY EQUITY REPORT (05/4/2016)}

MARKET OUTLOOK

 Tata Motors -Total sales up 1 percent at 53,057 units (YoY) -Exports up 17 percent at 6,356 units versus 5,435.  Hero MotoCorp -Total sales up 14 percent at 6.06 lakh units (YoY),FY16 sales at 66.32 lakh units versus 66.31 lakh units (YoY).  Nalco -Highest bauxite & alumina production in FY16 at 6.3 MT and 1.95 MT respectively -Mining lease of south block and central & north block at Panchpatmali bauxite mines extended to March 2020 by Odisha government.  Bharat Electronics -Achieves turnover of Rs 7,510 crore in FY16, Exports up 47 percent at USD 58 million.  Jubilant Foodworks says -Tarun Bhasin to take over as president of Dunkin' Donuts India -Dev Amritesh appointed as president of Domino's Pizza India.  JSW Steel -March crude steel production at 1.27 million tones -Q4 crude steel production up 5 percent at 3.2 million tones (YoY) -FY16 crude steel production down 1 percent at 12.56 million tones (YoY).  India bulls Real Estate allots 4.36 crore equity shares at Rs 67/share to promoter group companies.  ICICI Bank -Completes sale of 9 percent stake in ICICI Lombard to Fairfax Financial Holdings -Completes sale of 2 percent stake in ICICI Prudential to Compassvale Investments.  Public sector lender UCO Bank has revised lending rates based on marginal cost of funds with effect from April 1. For one year loan, the interest rate will be 9.55 percent while for two years it is going to be 9.65 percent.

2

WWW.SAIPROFICIENT.COM

{DAILY EQUITY REPORT (05/4/2016)}

NIFTY50 NIFTY LIKELY TO OPEN IN GREEN TRACKING POSITIVE GLOBAL CUES

NSE NIFTY GAINED TO HOLD 7713.05 LEVEL IN TRADE TODAY, UP (+45.75) POINTS TO 7758.80 AT CLOSE.

3

WWW.SAIPROFICIENT.COM

{DAILY EQUITY REPORT (05/4/2016)}

OBSERVATION:Nifty closed at 7758.80 with a gain of (+45.75) points. On the daily chart the index has formed a Bullish candle indicating positive bias.The index is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. The chart pattern suggests that if Nifty crosses and sustains above 7775 level it would witness buying which would lead the index towards 8000-8040 levels.However if index breaks below 7740 level it would witness selling which would take the index towards 7700-6960 Nifty continues to remain in an uptrend in the short to medium term, so buying on dips continues to be our preferred strategy.

The daily strength indicator RSI is moving upwards and above its reference line indicating positive bias. However momentum oscillator Stochastic has turned negative from the overbought zone indicating a possible consolidation or a down move in the near term The trend deciding level for the day is 7775 . If NIFTY trades above this level then we may witness a further rally up to 7800-8000 levels.

However, if NIFTY trades below 7740 levels then we may see some loss booking initiating in the market, which may correct up to 7 level.7700-6960.

DATE

INDEX

OPEN

CLOSE

HIGH

LOW

05-4-2016

Nifty

7713.05

7758.80

7809.90

7737

SUPPORT2 7722

SUPPORT 1 7757

RESISTANCE 1 7821

RESISTANCE 2 7850

4

WWW.SAIPROFICIENT.COM

{DAILY EQUITY REPORT (05/4/2016)}

BANK NIFTY “A DAY AHEAD OF RESERVE BANK MEET, FINANCE MINISTER ARUN JAITLEY TODAY PITCHED FOR EASIER MONETARY POLICY, ARGUING THAT HIGH INTEREST RATES CAN MAKE THE ECONOMY SLUGGISH”

DATE

INDEX

OPEN

CLOSE

05-4-2016

Bank nifty

16306.95

16257.9

SUPPORT 2 SUPPORT1 16074

16191

HIGH

LOW

16341.35

16126

RESISTANCE1

RESISTANCE2

16383

16462

5

WWW.SAIPROFICIENT.COM

{DAILY EQUITY REPORT (05/4/2016)}

TATA MOTORS DVR “TATA MOTORS IS ACTUALLY STILL STRUGGLING, EVEN THEIR NUMBERS WERE DOWN LAST MONTH. THERE IS A LOT OF POTENTIAL, THERE ARE A LOT OF NEW PRODUCTS COMING BUT ONE HAS TO SEE FINALLY WHEN THEY GET THE MARKET.LAUNCH OF TIAGO IS CRITICAL TO MONITOR FOR TATA MOTORS”

DATE

STOCK

CMP

OPEN

CLOSE

05-4-2016

TATA MOTORS DVR

285.50

288.80

285.60

SUPPORT 2 277

HIGH 289.45

LOW 281.80

SUPPORT1

RESISTANCE1

RESISTANCE2

281

290

294

6

WWW.SAIPROFICIENT.COM

{DAILY EQUITY REPORT (05/4/2016)}

ICICI BANK “ICICI Bank -Completes sale of 9 percent stake in ICICI Lombard to Fairfax Financial Holdings -Completes sale of 2 percent stake in ICICI Prudential to Compassable Investments”

DATE

STOCK

05-4-2016

ICICI BANK

CMP

OPEN

CLOSE

HIGH

LOW

239.35

240.25

238.75

241.05

234.65

SUPPORT 2 SUPPORT1 230

234

RESISTANCE1

RESISTANCE2

240

243

7

WWW.SAIPROFICIENT.COM

{DAILY EQUITY REPORT (05/4/2016)}

HERO MOTOCORP “Country's largest two-wheeler maker Hero MotoCorp today reported 14 percent increase in sales at 6, 06,542 units in March. The company had sold 5, 31,750 units in March 2015”

Date

Stock

05-4-2016

CMP

HERO MOTOCORP

2986

Open

Close

High

Low

2988

2983.70

2988

2946

SUPPORT 2

SUPPORT 1

RESISTANCE 1

2947

2972

2994

RESISTANCE 2 3019

8

WWW.SAIPROFICIENT.COM

{DAILY EQUITY REPORT (05/4/2016)}

DISCLAIMER The information contained here was gathered from sources deemed reliable however; no claim is made as to accuracy or content. This does not contain specific recommendations to buy or sell at particular prices or time, nor should any examples presented be deemed as such. There is a risk of loss in equity trading and you should carefully consider your financial position before making a trade. This is not, nor is it intended, to be a complete study of chart patterns or technical analysis and should not be deemed as such. SAI PROFICIENT INVESTMENT ADVISORS does not guarantee that such information is accurate or complete and it should not be relied upon as such. Any opinions expressed reflect judgments at this date and are subject to change without notice. For use at the sole discretion of the investor without any liability on Sai Proficient Investment Advisors.

9