20.06.

2018

Market commentary
Benchmark indices rebounded sharply following rally in global peers amid
heightened fears of trade war between US and China. The Sensex rallied 260.59
points to 35,547.33 and the Nifty rose 61.50 points to 10,772 amid balanced
market breadth. HPCL and IOC were under pressure. Nifty Midcap index rose over
85 points.CG Power, NIIT Technologies, and Just Dial, gained 1-9 percent. Globally
markets traded higher with indices paring some of the sharp losses seen in the
previous session. Oil prices also inched up due to a fall in US crude inventories
and the loss of storage capacity in Libya.

The nifty 50 seen “Pennant pattern” breakout on

either side can determine who is in control, upper side for bulls and lower side for
bears. -it still seems bullish, confirmation will be given on the breakout.

Nifty Daily Chart

R2 R1 Pivot S1 S2
Nifty
11026 10959 10800 10645 10503
Stock to Watch for Thursday
Central Depository Services (India) Ltd
Daily Chart

Technical Analysis
The CDSL Last’s 5 percent gains the stock has decisively broken out its five weeks
consolidation range (290-265) on closing basis indicating a shift of short-term
trend to upward. This breakout is accompanied with high volumes indicating
increased participation on the rally. The stock has also broken out past six months
downward sloping "Trend line" breakout at 283 levels which reconfirms bullish
sentiments in near term. The CDSL stock buy around 295-297 target is 310 -325
stop loss below 280.50

Currently, the stock is well placed above its 20 and 50 days SMA which signals
positive bias ahead. The strength indicator - RSI is placed above its reference line
on the daily and weekly chart which interprets rising strength on the rally.

Market Highlights
 Shares of Wheels India gained around 10 percent in the morning trade on
Wednesday as investors cheered the news of bonus issue in the offing. The
company, in a filing to the exchanges, said that a Board meeting is scheduled for
Friday, June 22, 2018.The Company was in the news recently after it registered a
12.7 percent rise in the fourth quarter net profits ending March 31, 2018 to Rs
19.5 crore. The city-based TVS Group company recorded net profits of Rs 17.3
crore in the corresponding quarter last year. Net profits for FY17-18 went up to Rs
71.8 crore, up by 23 percent from Rs 58.4 crore registered a year ago.
 Chief Economic Adviser Arvind Subramanian is on his way out, Arun Jaitley has
written a thank you note to Subramanian. The post said that Subramanian wants
to go back to the United States due to family commitments. There are no details
though as to when he will be leaving or who will succeed.Arvind’s interaction with
the Government in the Ministry of Finance, Prime Minister’s Office and with other
Departments was both formal and informal. His instantaneous communications
with his interlocutors had increased his effectiveness. The Chief Economic
Advisor’s job had multi-facets to it. He is not a spokesman of the Government.
 Fine Organic Industries is the leading manufacturer of plastic and food additives.
The end markets for the company are consumer businesses. Strong growth
outlook of end markets and growing emphasis on environmental friendly
ingredients that the company manufactures make it a worthy bet. While the
company offers a high earnings visibility, the pricing of the initial public offering
(IPO) is at a premium and hence suitable only for those with a long term
investment horizon. The company enjoys a strong moat governed by technical
know-how and quality control, helping it meet its regulatory needs and client
product requirements.

FII/FPI trading activity in Capital Market Segment(In Rs. Crores)

Category Date Buy Value Sell Value Net Value
FII/FPI 20-Jun-2018 3898.97 6341.58 -2442.61
DII trading activity in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 20-Jun-2018 3487.82 2014.17 1473.65

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