Research

Special Reports

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Light House - A Quick Perspective -GMR Infrastructure Ltd. - 16 June 2017
GMR Infrastructure Ltd.

16 Jun 2017
GMR Infrastructure Limited (GIL) business spans across power generation, mining & exploration activities, and various infrastruct
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Light House - A Quick Perspective - Tata Motors Ltd. - 16 February 2017
Tata Motors Ltd.

16 Feb 2017
Tata Motors Limited (TAMO) is a Mumbai based automobile company. Its product includes passenger cars, trucks, vans, coaches, buse

Fundamental Research

Trident Ltd.

11 May 2017

VALUATION & OUTLOOK Trident has over the years emerged as integrated textile player with presence across the value chain. The c

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Derivative Strategies

Long - PFC - 137.50-138

Short - RECLTD - 171-172

STRATEGY RATIONALE 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 95%. However, in short term PFC has underperformed REC Ltd. and due to this price ratio has deviated from its mean is currently near its -3 standard deviation. This is an ideal scenario where one can buy PFC and sell REC. We expect that from here PFC will outperform REC in short to medium term perspective.

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Morning Notes

29 Jun, 2017 - Taking clues from strong global markets, today domestic markets will open on positive note and will continue to see buying support at lower levels. However, on higher side heavy call writing has been seen around 9550 levels and that will act as stiff resistance zone for indices todays trading. Being the last day o

Technical Ideas Today

29 Jun. 2017 | All figures in `

EquityActionInitiationTargetSL
BHEL
BUY
Around 135.50 142 132.40
CEAT
BUY
Around 1810 1860 1779
 
Equity DerivativesActionInitiationTargetSL
BERGERPAINT
SELL
Around 238 229 242.10
TCS
BUY
Around 2350 2420 2320
MARUTI
SELL
Around 7270 7140 7330
 
Currency DerivativesActionInitiationTargetSL
USDINR
BUY
Above 64.89 65.11 64.74
GBPINR
BUY
Above 83.30 83.90 82.95
EURINR
BUY
Above 73.91 74.50 73.50
 
Commodity DerivativesActionInitiationTargetSL
ALUMINIUM
BUY
At 121.50 124/125 119.50
COPPER
BUY
At 377.50 384 372
MENTHA OIL
SELL
At 894 860 916

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