Beruflich Dokumente
Kultur Dokumente
Product Note
Smart Trader is a weekly product whic h will help clients to take Long as well as Short Positions based upon swing movement fr om
the universe of NSE F&O stocks. The report, comprising 8 stock recommendations, will be released before the first trading day of
the week. The stock selection will be based upon Tec hnical and Derivative parameters, considering the overall momentum of the
market. Most of the stocks may be Momentum based recommendations, valid for a period of 1 week.
Specifications of the Product
The report will be released every week and the evaluation for the previous week will be sent in the next
Recommendations could be a mix of Long & Short positions depending upon market conditions.
The minimum risk : reward ratio in the each recommendation shall be maintained at 1:1.50 times .
The stock should get initiated on the first two trading day of the week and the message will be flas hed on the NES T/GOTX
trading terminal under the head Smart Trader.
The open positions will be closed upon achieving targets (TA) or hitting stop loss levels (SLT) and rest all open pos itions
will be closed on the last trading day of the week at 3 P.M. in loss (CIL) or profit (CIP).
The report will be communicated through mail and also will be uploaded on www.karvy online.com & our social media
channels. Target Achieved/Stop Loss triggered messages will be flashed during the LIVE market on the NES T/GOTX
trading terminal under the head Smart Trader.
Smart Trader
Markets ended with a positive bias for the fourth cons ecutive week on account consistent buying from foreign institutional investors
(FIIs) and increasing hopes of rate cut by Central bank in the upcoming monetary policy slated on 05 Apr 2016. Nifty gained 112
points or 1.47% to close at 7716.50 and Sensex gained 384.82 points or 1.54% to close at 25337.56. Overall breadth of market
remained positive, where Banking, IT & Commodity stocks outperformed the market, whereas Pharma stocks remained
underperformer during the week.
On the domestic front in truncat ed week mark et remained choppy and ended at its highest note. Global market remained choppy
amid geopolitical concerns after militants targeted Brussels airport and a city metro station on last Tuesday. Meanwhile, cor rection
in Crude oil prices kept risk appetite in check ahead of the long Easter break.
Technically, Nifty is well placed above its 21 & 50-DEMA, approaching toward its major 200 -DEMA which is currently placed near
7780 levels. The India VIX index a measure of volatility continued to dip to settle at 16.34 le vels indicating the strength in the
underlying move. In the coming week with expiry of Marc h contract, markets are likely to trade with positive bias and likely to head
towards 7780-7800 above which next resistance is pegged around 7860-7900 levels. On the downside, supports are placed near
7600 levels followed by 7500-7540 area. Therefore, we recommend trade with positive bias in the range of 7600-7900 levels and
any dip towards support levels can be utilized as a buying opportunity.
List of Stocks
STOCK
SECTOR
CMP
ACTION
ENTRY*
SL
TGT
GRASIM
CEMENT
3781.00
BUY
3760.00
3600.00
4000.00
HDIL
REALTY
72.65
BUY
72.50
68.00
80.00
JETAIRW AYS
AVIA TION
554.15
BUY
ABV 563.00
519.00
630.00
SAIL
METALS
45.25
BUY
44.75
42.30
49.00
TVSMOTORS
AUTO
309.45
BUY
308.50
288.00
343.00
ANDHRABANK
BFSI
50.75
SELL
51.60
54.30
46.50
BRITANNIA
FMCG
2725.30
SELL
2725.00
2840.00
2505.00
DISHTV
MEDIA
83.15
SELL
84.00
90.00
74.50
VIEW
Refers to (if any call is not initiated, entry levels for the recommendation(s) w ill be sent on the trading terminal(s)
CMP: Current Market Price| ENT : Entry | SL: Stop Loss | TGT: Target | * The mentioned levels are spot levels and the stocks w ill be initiated during the market
hours
Smart Trader
SECTOR: CEMENT
Sentiment
GRAS IM is in uptrend forming higher tops and higher bottoms from the lows of
3233 in an upward sloping channel. In its uptrend from the lows of 3233 the
stock has taken off its falling trend line resistance drawn from the spike high of
4024.85 to the lower high of 3790.1. On the oscillators front the 14 days RS I is
trading at 72.88 and is above its 9 days EMA indicating a bullish bias. The
derivative dat a suggests long build up as there has been inc rease in OI by
17.95% on weekly basis with an increas e in price by 3.39%. Hence we
recommend traders to buy the stock around 3760 for a target of 4000 wit h a
stop loss of 3600.
Entr y
3760.00
Stop Loss
3600.00
Target
4000.00
21-DEMA
3585.00
50-DEMA
3543.84
833700
Weekly change in OI
17.95%
CoC(%)
14.54
SECTOR: REALTY
Sentiment
HDIL has closed the previous week with a positive return of 4. 61 % and
outperformed the benc hmark, Nifty. Currently the stock is well placed above all
its short term major moving averages on daily chart, indicating uptrend and
suggesting bullishness is likely to persist in near term. On the technical indicator
front, the 14- day RSI has given positive crossover with 9 -day signal line, which
suggests positive sentiment in the stock. The derivative dat a suggests that stock
has witnessed long accumulation during last week. From t he above
observations it seems that stock is likely to trade with positive bias in the coming
sessions also. Hence, we suggest short term traders to go long in the stock for
the target of 80 levels keeping stop loss below 68 levels.
Entr y
72.50
Stop Loss
68.00
Target
80.00
21-DEMA
69.91
50-DEMA
75.48
23682000
Weekly change in OI
2.12%
CoC(%)
15.70
Smart Trader
SECTOR: AVIATION
Sentiment
Entr y
Jet Airways has given a positive return of 6.04% during the just concluded
week, whereas Nifty has gained 1.47%, and outperformed the large cap
universe. The stock gained more than 2. 56% in the last trading session and
managed to give a closing above its short term moving average. The stock
has edged higher with notable volumes and the positive momentum in the
counter is expected to persist for the coming trading sessions as well. Adding
to the bullishness, the RS I indicator is also pointing northwards. On the
derivatives front, the stock has witnessed rise in price with increase in OI
indicating long positions built up in the counter. Hence we recommend smart
traders to buy the stock above 563 with a target of 630 with a stop loss of
519.
ABV 563.00
Stop Loss
519.00
Target
630.00
21-DEMA
539.59
50-DEMA
477.45
5382000
Weekly change in OI
18.58%
CoC(%)
10.29
SECTOR: METALS
Sentiment
SAIL on a weekly basis has outperformed its sectoral index Nifty Met al.
Where the stock has gained around 5.60%, whereas index gained around
3.76 %. The stock has given a breakout on the charts from t rading range of
42.90-43.50 levels with notable volumes which su ggest that the stock is
poised for fresh up move. The stock is also currently trading well above its
major short term moving averages. On the oscillator front, the 14-day RSI is
trading well above 9 DEMA and has just started sailing in the oversold
region. Therefore, we recommend short term participants with a stop loss
below 42. 30 for targets of 49.
Entr y
44.75
Stop Loss
42.30
Target
49.00
21-DEMA
44.21
50-DEMA
51.70
38070000
Weekly change in OI
-0.28%
CoC(%)
10.08
Smart Trader
SECTOR: AUTO
Sentiment
TVS MOTORS has been in an uptrend forming higher highs and higher lows
from the lows of 196.25 in an upward sloping price channel. On price chart
front the stock has given a breakout from consolidation pattern in the range of
255-297 and the breakout has been supported by volumes. On oscillator front
the 14 days-RSI is hovering around 65.85 and is above its 9 days EMA
indicating a bullish bias. On derivate front the stock has seen a long addition of
around 42.37% in OI in the previous week with inc rease in price by 7.67%.
Henc e we recommended a buy around 308-309 for a target 343 of with a stop
loss of 288.
Entr y
308.50
Stop Loss
288.00
Target
343.00
21-DEMA
281.31
50-DEMA
264.24
4348000
Weekly change in OI
42.37%
CoC(%)
15.48
SECTOR: BFSI
Sentiment
Entr y
51.60
Stop Loss
54.30
Target
46.50
21-DEMA
50.81
50-DEMA
52.27
13360000
Weekly change in OI
7.46%
CoC(%)
13.49
Smart Trader
SECTOR: FMCG
Sentiment
BRITA NNIA is trading in a broad range bet ween 2890 to 2570 levels on
weekly chart. The stock is also trading below all of its major moving averages
on daily charts which suggest that the stock has some inherent weakness.
On the weekly and daily charts, the stock is moving below the mean of its
Bollinger band suggesting s elling pressure likely to continue. On
the indicators front MACD (12/26/9) fall in Bearish territory after hovering
near signal line with Bearish Convergence, indicating momentum is poised
with weak bias. Hence we recommend Smart Traders to initiate S hort
positions at current levels of 2725 levels for the target of 2505, keeping stop
loss at 2840 levels.
Entr y
2725.00
Stop Loss
2840.00
Target
2505.00
21-DEMA
2760.41
50-DEMA
2786.10
1564000
Weekly change in OI
-1.44%
CoC(%)
8.71
SECTOR: MEDIA
Sentiment
DIS HTV has closed with negative returns of 1.47% for the week. The stock is
making lower highs and lower lows on the weekly chart, suggesting the short
and medium term trend is bearish. The stock is also sustaining below its
medium t erm moving averages on daily charts and e ven the Bollinger band
setup on daily charts suggest the stock is facing resistance at its upper band
and started its journey towards the mean and lower band. On derivatives
front, the stock has also witnessed long closure in last trading week where
the stock was down by 1.47% week on week and open interest was down by
1.98 %. Hence we recommend short term traders to initiate short on small
rise towards 84 levels with stop above 90 for target of 74.50
Entr y
84.00
Stop Loss
90.00
Target
74.50
21-DEMA
79.68
50-DEMA
81.88
28525000
Weekly change in OI
-1.98%
CoC(%)
10.97
Smart Trader
STOCK
ACTION
INTITIATED @
STOP
LOSS
TARGET
RETURN
(%)
WEEKLY
HIGH
WEEKLY
LOW
OUTCOME
APOLLOTYRE
BUY
168
183
181.50
173.05
NI
AXISBANK
BUY
443
420
450
-1.52
447.60
434.30
Closed @
436.25
TATAGLOBAL
BUY
119
114
123
3.36
123.30
118.65
TA @ 123.00
VEDL
BUY
93
89.5
98
5.38
98.20
92.45
TA @ 98.00
BEML
SELL
1030
955
1112
1012
NI
BIOCON
SELL
460
476
446
-0.65
473.25
457.50
Closed @
463.00
IBULHSGFIN
SELL
624.8
638
598
-2.11
651.75
618.25
SLT @ 638.00
POWERGRID
SELL
137.05
142
132
-0.33
139.35
136.25
Closed @
137.50
JK Jain
Head Research
KARVY STOCK BROKING LTD| Karvy Millenium | Plot No : 31| Financial District |Gachibowli | Hyderabad - 500 032
Analyst Certification
The follow ing analy st(s), JK Jain, w ho is (are) primarily responsible for this report and whose name(s) is/ are mentioned therein, certify (ies) that the views
expressed herein accurately reflect his (their) personal view(s) about the subject security (ies) and issuer(s) and that no part of his (their) compensation was, is or
will be directly or indirectly related to the specif ic recommendation(s) or views contained in this research report.
Di sclaimer
Karvy Stock Broking Limited [KSBL] is a SEBI registered Stock Broker, Depository Participant, Portfolio Manager and also dist ributes financial products. The
subsidiaries and group companies including associates of KSBL provide services as Registrars and Share Transfer Agents, Commodity Broker, Currency and forex
broker, merchant banker and underwriter, Investment Advisory services, insurance repository servic es, financial consultancy a nd advisory services, realty servic es,
data management, data analytics, market research, solar power, film distribution and production profiling and related servic es. Therefore associates of KSBL are
likely to have business relations with most of the companies whose securities are traded on the exchange platform. The information and views presented in this
report are prepared by Karvy Stock Broking Limited and are subject to change w ithout any notic e. This report is based on information obtained from public sources,
the respectiv e corporate under coverage and sources believed to be reliable, but no independent verif ication has been made nor is its accuracy or completeness
guaranteed. The report and information contained herein is strictly confidential and meant solely for the selected recipient and may not be altered in any w ay,
transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, w ithout prior written consent of KSBL. While
we would endeavor to update the information herein on a reasonable basis, KSBL is under no obligation to update or keep the information current. Also, there may
be regulatory, compliance or other reasons that may prevent KSBL from doing so. The value and return on investment may vary b ecause of changes in interest
rates, foreign exchange rates or any other reason. This report and information herein is solely for informational purpose and shall not be used or considered as an
offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments. Thou gh disseminated to all the customers
simultaneously, not all customers may receive this report at the same time. KSBL w ill not treat recipients as customers by virtue of their receiving this report.
Nothing in this report constitutes investment, legal, accounting and tax advice or a representation that any investment or strategy is suitable or appropriate to your
specif ic circumstances. This material is for personal information and w e are not responsible for any loss incurred based upon it. The investments discussed or
recommended in this report may not be suitable for all investors. Investors must make their ow n investment decisions based on their specif ic investment objectives
Smart Trader
and financial position and using such independent advic e, as they believe necess ary. While acting upon any information or analysis mentioned in this report,
investors may please note that neither KSBL nor any associate companies of KSBL accepts any liability arising from the use of information and views mentioned in
this report. Investors are advised to see Risk Disclosure Document to understand the risks associated before investing in the securities markets. Past performance
is not necessarily a guide to future performance. Forward-looking statements are not predictions and may be subject to change without notic e. Actual results may
differ materially from those set forth in projections.
Associates of KSBL might have managed or co-managed public offering of securities for the subject company or might have been mandated by the
subject company for any other assignment in the past tw elve months.
Associates of KSBL might have receiv ed compensation from the subject company mentioned in the report during the period preced ing twelve months
from the date of this report for investment banking or merchant banking or brokerage servic es from the subject company in the past tw elv e months or for
services rendered as Registrar and Share Transfer Agent, Commodity Broker, Currency and forex broker, merchant banker and und erwriter, Investment
Advisory servic es, insurance repository servic es, consultancy and advisory services, realty services, data processing, profiling and r elated services or in
any other capacity.
KSBL encourages independence in research report preparation and strives to minimize conf lict in preparation of research report.
Compensation of KSBLs Research Analysts is not based on any specif ic merchant banking, investment banking or brokerage service transactions.
KSBL generally prohibits its analysts, persons reporting to analysts and their relatives from maintaining a financial interest in the securities or derivatives
of any companies that the analysts cover.
KSBL or its associates collectiv ely or Research Analysts do not own 1% or more of the equity securities of the Company mentioned in the report as of the
last day of the month preceding the publication of the research report.
KSBL or its analysts did not receiv e any compensation or other benefits from the companies mentioned in the report or third p arty in connection w ith
preparation of the research report and have no financial interest in the subject company mentioned in this report.
Accordingly, neither KSBL nor Research Analysts have any material conflict of interest at the time of publication of this report.
It is confirmed that KSBL and Research Analysts primarily responsible for this report and whose name(s) is/ are mentioned therein of this report have not
receiv ed any compensation from the subject company mentioned in the report in the preceding twelve months.
It is confirmed that JK Jain, Research Analy st did not serve as an offic er, director or employee of the companies mentioned in the report.
KSBL may have issued other reports that are inconsis tent with and reach different conclusion from the information presented in this report.
Neither the Research Analysts nor KSBL have been engaged in market making activity for the companies mentioned in the report. We submit that no
material disciplinary action has been taken on KSBL by any Regulatory Authority impacting Equity Res earch Analyst activities.