Research

Special Reports

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Light House - A Quick Perspective -Punjab National Bank - 10 August 2018
Punjab National Bank

10 Aug 2018
Punjab National Bank is India’s first Swadeshi Bank which commenced operations on 12th April, 1895 from Lahore.Punjab National Ba
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Light House - A Quick Perspective -Dr. Reddy's Laboratories Ltd. - 31 July 2018
Dr. Reddy's Laboratories Ltd.

31 Jul 2018
Headquartered out of Hyderabad, Dr. Reddy’s Lab manufactures and sells a wide range of pharmaceutical products in India and Inter

Fundamental Research

Finolex Industries Ltd.

16 Aug 2018

We expect the company’s grow its topline at a CAGR of ~11-12%, EBIDTA at ~13-14% & PAT at 10-11% over the next 2-3 years. At the

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Derivative Strategies

UNION BANK -

BANKBARODA

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 correlated to each other and 90 days correlation between the two is around 86%. However, in short term Union Bank has underperformed Bank of Baroda and due to this price ratio has deviated from its mean. This is an ideal scenario where one can buy Union Bank and sell Bank of Baroda. We expect that from here Union Bank will outperform Bankbaroda in short to medium term perspective.

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Morning Notes

17 Aug, 2018 - The nifty made its opening tick tad below 11400 marks owing to the negative global cues. Post opening, nifty precisely took support at lower band of hourly channel pattern and rebound sharply. Subsequently, failure to cross the Tuesday’s high of 11450 trigger fresh sell-off. In the process, nifty broke the Tuesday

Technical Ideas Today

17 Aug. 2018 | All figures in `

EquityActionInitiationTargetSL
HCLTECH
BUY
Around 993 1020 979
STAR
BUY
Around 427 455 415
 
Equity DerivativesActionInitiationTargetSL
ESCORTS
SELL
Around 875 852 887
 
Currency DerivativesActionInitiationTargetSL
No calls for the day in this Segment’
 
Commodity DerivativesActionInitiationTargetSL
GOLD
SELL
Around 29530 28820 29900
COPPER
SELL
Around 409.50 392 421
GUAR SEED
BUY
4500 4730 4350

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