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Above 40-DMAThe Nifty has closed in the negative today and is now expected to head higher till 5150 with support around 5042 in the short term...
SMART CHART CALLS
Click here to read report: EagleEye
19 June 2012
Eagle Eye (equities) [For June 19, 2012] Sharekhan
Too much of advice bringing in poorer returns for HNIs:: Economic Times,
Some time ago the Association of Mutual Funds In India (Amfi) released data on the investment patterns in mutual funds as it stood at the end of the 2011-12 financial year.
The data comprises of the breakup of the amount invested in funds, sliced according to the type of mutual funds, the type of investors as well as the age of investments. The funds are classified across liquid & money market, gilt, debt-oriented, equity-oriented, balanced, gold ETF, other ETFs, and funds investing overseas.
The types of investors are broken up across corporates, banks/FIs, FIIs, high networth individuals (HNIs) and retail. Of course, HNIs are also retail, but Amfi classifies them as those with single transactions of more than 5 lakh. The time periods along which the data are broken up into periods with the boundaries at three months, six months, one year and two years.
Stocks in News :19 June:: Edelweiss
Stocks in News
Tatas, Sterlite, Adani & others under CBI lens (ET)
ONGC China’s CNPC to renew exploration pact (ET)
ONGC-led group likely to scrap bid for UK’s cove (ET)
TDSAT sends notice to DoT on Tata Tele’s spectrum plea (ET)
Domestic airlines agree to slash fares by up to 20% (ET)
Govt plans to sell stake in 15 PSUs this fiscal (ET)
Edelweiss Technical Reflection (ETR) : 19 June
The week has begun on a strongly negative note with Indian markets falling by ~1.5% as the RBI failed to acknowledge the bulls on the street.Earlier in the day, Nifty opened with a gap up tracking gains among the Asian peers, but close to the crucial 5200 resistance, it printed an intraday high of 5190 and started to witness strong profit taking. The index fell by >100 points after the RBI announcement breaking below the 21- hourly EMA, but eventually went down to breach the 200 DMA support of 5072 and managed to close lower. A large ‘bearish engulfing candlestick / k ey reversal’ bar has formed on the daily chart suggesting further weakness with a reversal set above yesterday’s high of 5190. Volumes remained at an average level and the market breadth slipped strongly in favour of declines. Volatility crashed down to 22.66 from 25.54 on the Indian VIX index as the event has passed by. Near-term momentum has rolled bearish along with hourly momentum oscillators in sell mode suggest Nifty is vulnerable to further sell-off and is expected to retrace the two-week up move. A 50% retracement comes in at 4980 which also coincides with the 20 day SMA and is the most likely target on the downside. One should use rallies to 5100 to initiate trading shorts with a stop-loss above 5150.
All the sectoral indices ended the day in the red led by losses in Banking (-3.16%), Realty (-2.78%), and FMCG (-1.68%) indexes. Minor outperformance was seen in stocks from Auto (-0.64%) and Healthcare (-0.69%) sectors. The broader market Mid-cap and Small-cap indices managed to outperform the frontline index at -1.06% and -0.70% respectively.
Bullish Setups: TATA, HUVR, BJAUT, PWGR
Bearish Setups: ONGC, DLF, HCLT, SESA
Regards,
Edelweiss Research
FII & DII trading activity across NSE and BSE 19-06-2012
| Category | Buy | Sell | Net |
| Value | Value | Value | |
| FII | 1668.25 | 1761.55 | -93.3 |
| DII | 725.48 | 1004.18 | -278.7 |
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Daring Derivatives [For June 19, 2012] Sharekhan
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Angel Broking, RBI, Mid-Quarter Monetary Policy Review :pdf link
Mid-Quarter Monetary Policy Review.
Status quo on repo rate and CRR
Key High lights
1.Keeps SLR and CRR unchanged at 24.0% and 4.75%, respectively
2.Holds on to key policy rates (Repo: 8.0%, Reverse Repo: 7.0% and MSF: 9.0%)
Monetary policy maintains status quo as against consensus expectation of easing: The Reserve Bank of India (RBI) in its mid-quarterly monetary policy review has kept both CRR and repo rate unchanged, as against street’s expectation of a monetary stimulus.
Eagle Eye (equities) [For June 18, 2012] Sharekhan
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5041 CrucialThe Nifty has closed in the positive today and is now expected to head higher till 5200 with support around 5104 in the short term...
SMART CHART CALLS
Click here to read report: EagleEye
FII DERIVATIVES STATISTICS FOR 19-Jun-2012
| FII DERIVATIVES STATISTICS FOR 19-Jun-2012 | |||||||
| BUY | SELL | OPEN INTEREST AT THE END OF THE DAY | |||||
| No. of contracts | Amt in Crores | No. of contracts | Amt in Crores | No. of contracts | Amt in Crores | ||
| INDEX FUTURES | 68488 | 1665.31 | 77022 | 1919.30 | 470186 | 11674.43 | -253.99 |
| INDEX OPTIONS | 1119320 | 28181.33 | 1087263 | 27337.79 | 1801222 | 45937.86 | 843.54 |
| STOCK FUTURES | 70600 | 1681.60 | 71489 | 1692.29 | 964933 | 23257.45 | -10.68 |
| STOCK OPTIONS | 62245 | 1604.38 | 65102 | 1685.06 | 52951 | 1351.50 | -80.68 |
| Total | 498.19 | ||||||
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BSE, Bulk deals, 19/6/2012
| Deal Date | Scrip Code | Company | Client Name | Deal Type * | Quantity | Price ** | ||||
| 19/6/2012 | 590114 | Arunjyoti Enterprises | ANUPAM NARAIN GUPTA | S | 26000 | 18.12 | ||||
| 19/6/2012 | 506027 | Bhoruka Alum | MANAV NARESHBHAI PATEL | B | 290325 | 2.61 | ||||
| 19/6/2012 | 506027 | Bhoruka Alum | MANAV NARESHBHAI PATEL | S | 290325 | 2.42 | ||||
| 19/6/2012 | 506027 | Bhoruka Alum | HITEN CHANDRAKANTBHAI PARMAR | S | 275588 | 2.13 | ||||
| 19/6/2012 | 500067 | Blue Star | SAIF INDIA IV FII HOLDINGS LIMITED | B | 958714 | 174.93 | ||||
| 19/6/2012 | 500067 | Blue Star | EQUINOX PARTNERS LP | S | 947321 | 175.00 | ||||
| 19/6/2012 | 531820 | Finalysis Cred | DHARMENDRA HARILAL BHOJAK | B | 50094 | 57.95 | ||||
| 19/6/2012 | 526598 | Gujarat Narm Fly | KAILASH FICOM LIMITED | B | 75000 | 45.03 | ||||
| 19/6/2012 | 532659 | IDFC | MACQUARIE BANK LIMITED | S | 8000000 | 127.55 | ||||
| 19/6/2012 | 511682 | IFL Promoters | NORTH INDIA SECURITIES PVT LTD | S | 50001 | 5.52 | ||||
| 19/6/2012 | 514312 | Jaihind Syn | DINESH JAYNTALAL DOSHI | B | 43075 | 14.55 | ||||
| 19/6/2012 | 506128 | Krishna Deep | ALOK FINANCE PVT. LTD. | B | 60000 | 42.25 | ||||
| 19/6/2012 | 511638 | Madhur Capital | SHALIN VINITBHAI PARIKH | S | 50000 | 8.03 | ||||
| 19/6/2012 | 590117 | Mahaveer Infoway-$ | SANGITA SANDEEP MERCHANT | B | 37755 | 13.02 | ||||
| 19/6/2012 | 506041 | Mahesh Agri | MURLIDHAR GANPAT JADHAV | S | 3500 | 9.72 | ||||
| 19/6/2012 | 531207 | Raymed Labs | UTKARSH PRINTING PRESS PRIVATE LIMITED | B | 61999 | 22.30 | ||||
| 19/6/2012 | 530867 | Suryanagri Fin | ALOK FINANCE PVT. LTD. | B | 22500 | 24.20 | ||||
| 19/6/2012 | 530867 | Suryanagri Fin | NIRAJ REALTORS & SHARES PVT. LTD. | B | 22500 | 24.20 | ||||
| 19/6/2012 | 530867 | Suryanagri Fin | MANISHA SANJAY AGRAWAL | S | 90000 | 24.20 | ||||
| 19/6/2012 | 531499 | Sybly Inds-$ | BAMPSL SECURITIES LTD | B | 2200100 | 0.53 | ||||
| 19/6/2012 | 531874 | Venus Power Ventures | DHANA ENERGY PRIVATE LIMITED | B | 110000 | 24.26 | ||||
| * B - Buy, S - Sell | ||||||||||
| ** = Weighted Average Trade Price / Trade Price | ||||||||||
NSE, Bulk deals, 19-Jun-2012
| Date | Symbol | Client Name | Buy / Sell | Quantity Traded | Wght. Avg. Price | Remarks | |
| JAMNAAUTO | Jamna Auto Ind Ltd | CLEARWATER CAPITAL PARTNERS SINGAPORE FUND III PVT LTD | BUY | 2,50,000 | 157.96 | - | |
| SHRIRAMEPC | Shriram EPC Limited | IFCI FACTORS LTD | SELL | 8,00,000 | 58.06 | - | |
| SHRIRAMEPC | Shriram EPC Limited | INSPIRE MANGEMT CONST PVT LTD | BUY | 4,00,000 | 58.87 | - | |
| SHRIRAMEPC | Shriram EPC Limited | NISSAN MANGMT CONSULT PVT LTD | BUY | 4,00,000 | 57.26 | - |
HDFC - Annual report: Non-retail NPLs rise, lower BV accretion; company update; Hold::Edelweiss PDF link
Our analysis of HDFC’s FY12 annual report highlights the well known fact about lower book value accretion (refer our report, ‘HDFC: Demystifying forex equation’, dated January 19, ’12) due to utilization of reserves for standard asset provisioning (INR3.5bn) and interest on zero coupon bonds (INR4.8bn) equivalent to 20% of earnings. However, knock due to ZCB interest was lower than expectation due to tax benefit on the same (absent in FY11). Key observations include: 1) gross NPLs more than doubled in non-individual category and 2) sell downs to HDFC Bank contributing 4-5% to net interest income. Repricing of dual rate home loans (INR223bn) w.e.f. April and warrant conversion by August, ‘12, will support NIMs and reversal of standard provisioning on dual rate loans will aid net worth in FY14. Our SOTP fair value is INR672/share (FY13E), valuing the core book at 4.2x. We maintain‘HOLD’.
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