Research

Special Reports

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Light House - A Techno-Funda Initiative - MRF Ltd. - 19 January 2017
MRF Ltd.

19 Jan 2017
MRF is a largest tyre manufacturing Company in India and it is ranked amongst the top 20 manufacturers globally. With 9 factories
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Light House - A Techno-Funda Initiative - Ceat Ltd. - 17 January 2017
Ceat Ltd.

17 Jan 2017
CEAT is one of India's leading tyre manufacturers and flagship company of RPG group. The Company has a presence in Truck and Bus

Fundamental Research

NCL Industries Ltd.

20 Oct 2016

A Retail focused cement player, NCL operates pre-dominantly in AP/Telangana markets. Currently, NCL has 2mn tn cement capacity an

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Derivative Strategies

Pair Trade - BANK OF INDIA-PNB

Pair Trade - BANK OF INDIA-PNB

The Strategy entails taking benefit of the price movement of both the stocks and takes advantage of the price ratio reverting to the mean. Both the stocks are highly correlated to each other in long term and 200 days correlation between the two is 96%. However, in short term Bank of India (BOI) has underperformed PNB and due to this price ratio has deviated from its mean. This is an ideal scenario where one can buy Bank of India and sell PNB. We expect that from here Bank of India will outperform PNB in short to medium term perspective.

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Morning Notes

20 Jan, 2017 - Markets are expected to open with minor losses in today’s session and thereafter will continue to trade in narrow range. Overall markets are stuck in broad range of 8300-8500 whereas call writing at 8500 will act as stiff resistance for nifty in short term and put writing at 8300 will prove as strong support. Howe

Technical Ideas Today

20 Jan. 2017 | All figures in `

EquityActionInitiationTargetSL
Infy
BUY
Above 961 985 948
Powergrid
BUY
Around 201 206 197.60
 
Equity DerivativesActionInitiationTargetSL
Lupin
SELL
Around 1483 1450 1496
PFC
SELL
Around 133.20 128 135.50
AMBUJACEM
BUY
Around 220 232 213.40
 
Currency DerivativesActionInitiationTargetSL
USDINR
BUY
At 68.14 68.40/68.50 67.98
EURINR
SELL
Below 72.55 72.10/72.00 72.80
GBPINR
BUY
At 83.75 84.52 83.40
 
Commodity DerivativesActionInitiationTargetSL
MCX GOLD FEB
SELL
28650 28360 28830
MCX CRUDE OIL F
SELL
3605 3507 3660
MCX NATURAL GAS
BUY
226 238 221

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