Nifty Monthly Report By MarketMagnify

NIFTY                                                                                  

DAILY CHART OF NIFTY FUTURE

FUNDAMENTAL ANALYSYS 

Fundamental news will drive movements in the market in the first half of the month of February. As many fundamental events lined up from the start of February month starting with FOMC statement on 31st JAN midnight followed by Union Budget which will be presented by Government on 1st of FEB.

Indian Market rally will depends upon the kind of budget which will be presented by the government of India on Thursday.

We can expect government to focus on infrastructure and increase its spending to boost the sector. Relaxation of taxes may occur which will give relief to middle class people.

Implementation of Direct Benefits Transfer for fertilizers could give major boost to the sector. Reduction in GST on household items can be positive for Consumer Durables Companies.

Corporate results are under process which will be another factor that will decide market movements as till now strong corporate earnings meetings estimates and optimism pertaining to few reforms which may announced in Budget have add contribution to the rally.

After this we have RBI monetary policy lined up on 7th of FEB.

 TECHNICAL ANALYSYS

From last couple of weeks we have witness strong rally in Benchmark Indices but most of the time market breadth was flat or negative in the market.

Nifty future is facing Trend line resistance on weekly chart started from 10 of OCT 2010 at current levels. Yesterday Nifty future tried to breach Trend line resistance level but only end up in giving false breakout which perfectly formed Evening star candle stick pattern which is bearish reversal pattern formed at the top of rally. RSI is also in overbought zone which suggest selling in the market. Most of the technical indicator suggesting that market is trading in overbought zone and correction is near the corner. We expect Nifty future to correct 4-5% from current levels and which will be buying opportunity for investors to add more stocks in their portfolio but for now we suggest investors to trade cautiously in the market.

Technically, Nifty future may move down below the level of 11050 and it could test the levels of 10880-10700 in the next month. Technical stop loss should be at 10230

Supports and Resistance (Monthly)

Resistance 1-      11210               Support 1-11050

Resistance 2-      11340               Support 2-10850

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Friday Market Commentary: 29th-December-2017

After opening on positive note equity benchmark indices continue to trade in bullish trend throughout the day and closed on very strong note on the last day of the year. 

Discarding technical spinning top candlestick pattern Nifty future trade higher and shows bulls are still in charge. Market breath was positive as about 1,566 shares advanced against 1,204 declining shares. Sensex was up 208.80 points at 34056.83 and Nifty future was 38.10 points down at 10556.00. Once again major movement was seen in the later part of the day.

Reliance Communications surged 28 percent on sealing wireless assets deal with Reliance Jio.

Sectors that out performed today were IT and Auto and sector that underperforms today was only Metal and Media.

Despite of indecisive trend Nifty future on the last day of the year shows that bulls are still active and investors should not get misunderstood from the tiny falls in the market. Correction was part of the trend, and we had seen in past also. On the other end, Bank nifty future has respected its support level and closes around higher levels. Strong resistance level that bank nifty future has to face is at 25800 which we have said earlier. But investors should focus on individual stocks as they have plenty to offer rather being trapped in index.

Trading strategy for the first day of the year will be buying on dips and sell on high as market is expected to be low volatile because of holiday in world market and should focus on individual stocks.

Wish you very Happy New Year

Support of Nifty future is placed at 10430 and 10370.

Resistance of Nifty future is placed at 10570 and 10710.

Support of Bank Nifty future is placed at 25400 and 25080.

Resistance of Bank Nifty future is placed at 25800 and 26200.

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Commentary For Today’s Stock Market : 28th-December-2017

Equity benchmark indices closed lower for the second consecutive session Thursday as the Nifty failed to hold 10,500 levels on the last day of F&O contract’s expiry. Investors also looked cautious due to rising crude oil prices and SEBI board members meeting. Indices were in sideways movement but individual stocks continue to outperform. Market breath was positive as about 1,464 shares advanced against 1,293 declining shares. Sensex was down 63.78 points at 33848.03 and Nifty future was 20.90 points down at 10479.30 due to profit booking in the later part of the day.

SEBI has given their consent on formation of universal trading exchange where trading of both commodity and stocks can be done.

Sectors that out performed today were Reality and Metal and sector that underperforms today was PSU bank and pharma.

If we closely look at Nifty future daily chart, after giving false breakout above level of 10530 it has formed spinning top candle stick pattern yesterday which shows neither bulls nor bears won battle for particular time and after long run buyers losing momentum and followed by another bearish candle today which is confirmation of the trend reversal. Nifty future has strong support at 10430 level.

If we look at Bank nifty future daily chart, it has a strong support level around 25350-25400 and it doesn’t look to break the support level nor give any indication on charts.

In this indecisive trend we advise investors and traders to focus on individual stocks with proper research and knowledge and trade with strict stop loss and avoid taking position in Index.

Trading strategy for Friday will be buying on dips and sell on high as Volatility is expected to remain near the lower-end.

RESISTANCE & SUPPORT LEVELS -:

Support of Nifty future is placed at 10430 and 10370.

Resistance of Nifty future is placed at 10570 and 10710.

Support of Bank Nifty future is placed at 25400 and 25080.

Resistance of Bank Nifty future is placed at 25800 and 26200.

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Monthly Stock Report :- INFOSYS

ABOUT INFOSYS

Infosys is a global leader in technology services and consulting. They enable clients in 45 countries to create and execute strategies for their digital transformation. From engineering to application development, knowledge management and business process management, they help our clients find the right problems to solve, and to solve these effectively. Their team of 198,000+ innovators, across the globe, is differentiated by the imagination, knowledge and experience, across industries and technologies that bring to every project they undertake.

Fundamental Analysis 

Infosys Ltd., incorporated in the year 1981, is a Large Cap company (having a market cap of Rs 238519.78 Crore) operating in Information Technology sector.

Infosys Ltd. key Products/Revenue Segments include Software Development Charges which contributed 99.94 % of Total Sales and Software Products which contributed 0.05 % of Total Sales for the year ending 31-Mar-2017.

• For the quarter ended 30-09-2017, the company has reported a Consolidated sales of Rs 17567.00 Cr, up 2.86 % from last quarter Sales of Rs 17078.00 Cr and up 1.48 % from last year same quarter
• Gross profit margin of the company is 24.67%
• Return from equity is 20.80% whereas peer average is 3.03%
• Net operating margin is 20.95%
• Promoters stake in the company is 12.75%

Fundamentals
Market cap	Rs. 238519.78 cr.
Face value	Rs. 5
Book value	Rs. 300.33
EPS	Rs. 63.21
52 Week H/L	Rs. 1044.80/ 860.00
Dividend Payout	515%
Listed at	NSE/BSE
P/E Ratio	16.62
Industry P/E	20.16

Technical Analysis

The stock had recently break its 52 week high of 1042.90 on 22-Dec-2017 and also break its price range zone which started from 23rd of October 2016 and now trading at very crucial level. On weekly chart stock is trading above its 200 days moving average and MACD has shown positive crossover on weekly chart. After 4 attempts in a year stock has finally manage to break its channel and 52 week high. Now stock is at its very crucial level we still have to wait for breakout which is above the level of 1045.

• Channel breakout will be considered above the level of 1045
• MACD has given upward cross over on weekly charts
• RSI is placed at 62.88 level

Technically, the stock may move up above the levels of 1045 it could test the levels of 1085-1150 in the next month. Technical stop loss should be at 996.

Supports and Resistance (Monthly)

Resistance 1-      1045                  Support 1-999

Resistance 2-      1090                  Support 2-955

Resistance 3-      1155                   Support 3-900

INFOSYS WEEKLY CHART

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Commentary for Today’s Share Market : 21th December 2017

Equity benchmark indices opened flat today tracking mixed global cues and no major directional movement along with low volumes seen today but Nifty Midcap closed at record high, up for 6th consecutive session. Sensex was down by 21.10 points at 33756.28 and Nifty future was down by 7.70 at 10462.45.  

DB Realty (locked at 20 percent upper circuit), Unitech (up 12 percent), Sun TV Network (4.5 percent) and Reliance Communications (4 percent) reacted strongly to 2G spectrum case verdict.

Private banks, auto and FMCG stocks were under pressure while technology, metals and pharma stocks gained.

Idea, HCL Tech and Larsen were the top gainers today while M&M, Bajaj finance and HPCL were top losers today.

Market had given us the indication what will be coming in next trading session and also next week as market will continue its sideways movement along with low volumes for tomorrow and next week also as its is generally holiday period for foreign investors on Christmas and new year. Investors should remain caution as profit booking is expected on Friday session and after that long weekend is waiting. Hence, we advised not to trade aggressively in the index but the way some of the individual stocks gave a magnetic move was very much on our expected lines. Traders are advised to keep a close track of the trading range 10430 – 10530 in Nifty future and key resistance level of bank nifty future is 25800.

RESISTANCE & SUPPORT LEVELS -:

• Support of Nifty future is placed at 10430 and 1038.
• Resistance of Nifty future is placed at 10530 and 10620.
• Support of Bank Nifty future is placed at 25500 and 25080.
• Resistance of Bank Nifty future is placed at 25800 and 26200.

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MONTHLY EQUITY REPORT UPDATE

                  MARKET OUTLOOK

The market was UP TREND during the week. The Sensex was UP 212.67 points while the Nifty was UP 0.66 % during the week. Nifty future was in the range of 10163-10400

The Dow Jones Industrial Average rose 143.08 points, or 0.58 percent, to 24,651.74, the S&P 500 gained 23.8 points, or 0.90 percent, to 2,675.81 and the Nasdaq Composite added 80.06 points, or 1.17 percent, to 6,936.58.

Wall Street’s three major indexes climbed to record closing highs on Friday with broad-based gains as a long-awaited bill to cut corporate tax rates looked like it would win enough support from lawmakers to pass.

US congressional Republicans were expected to release final details of their plan late on Friday, with decisive votes planned for next week after lawmakers who had previously criticized the bill started to voice their support.

Republican Senator Bob Corker joined Senator Marco Rubio in signaling support in the late afternoon. Rubio had criticized the initial proposal, saying it did not give enough tax relief to working families, while Corker, had expressed concerned about the bill’s impact on the federal deficit.

For the week, the Sensex was UP 212.67 points while the Nifty was UP 0.66 % during the week.

NEWS AFFECTING INDIAN MARKETS

Pulses sowing area up 9%, wheat area down 2% in rabi season

Centre approves infra development scheme for N-E with 100% funding

Forex reserves down by over USD 1 billion to USD 401 billion

Exports jump 30.55% to $26.19 billion in November; trade deficit widens

MARKET PERFORMANCE

NIFTY GAINERS

COMPANY NAME	CURRENT	PREV. CLOSE(RS)	CHANG.(RS)	CHAG.(%)
VEDL	298.85	284.55	14.30	5.03
YESBANK	316.05	303.90	12.15	4.00
M&M	1483.00	1431.60	51.40	3.59
HINDALCO	243.95	236.40	7.55	3.19

NIFTY LOSERS

COMPANY NAME	CURRENT	PREV. CLOSE(RS)	CHANG.(RS)	CHAG.(%)
TECHM	496.25	514.25	-18.00	-3.50
CIPLA	575.20	590.45	-15.25	-2.58
BOSCHLTD	19685.20	19880.20	-195.00	-0.98

NSE WEEKLY GAINERS         

COMPANY NAME	DAY’S CLOSING PRICE (RS.)	PREVCLOSE	5 DAYS AGO (RS.)	5 DAYS RETURN (%)
THE GROB TEA COMPANY LTD.	923.05	659.05	264.00	40.06
ICE MAKE REFRIGERATION LTD.	95.30	68.40	26.90	39.33
BOHRA INDUSTRIES LTD.	46.00	33.85	12.15	35.89
WELSPUN INVST	194.95	145.95	49.00	33.57
PRABHAT DAIRY LTD.	234.10	175.70	58.40	33.24

WEEKLY CHARTS

S&P NIFTY WEEKLY

BANK NIFTY WEEKLY

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