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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MARKET REPORT - JUST DIAL

JUST DIAL ( FUTURE)

JustDial is an Indian company providing search services all over India, over the Phone, Web, Mobile and SMS. It is headquartered in Mumbai, Maharashtra. The Company provides local search and related services to users in India through multiple platforms such as the internet mobile internet over the telephone (voice) and text (SMS). Users are required to call a common number and simply tell the human operator what service they are looking for. The Company was incorporated as A&M Communications Private Limited on December 20, 1993 at New Delhi as a private limited company under the Companies Act. The name of our Company was changed from A&M Communications Private Limited to Just Dial Private Limited on December 26, 2006. Subsequently, pursuant to a special resolution passed by our Shareholders at an extra-ordinary general meeting held on July 22, 2011, the Company was converted into a public limited company and a fresh certificate of incorporation pursuant to the change of name was issued by the RoC on July 26, 2011.

Major events of the Company 

• 1993 - Incorporation of our Company as A&M Communications Private Limited
• 1996 - Commencement of our Company’s search business operations in Mumbai with 8888-888 telephone number
• 2006 - Change in name of the Company from A&M Communications Private Limited to Just Dial Private Limited
• 2007 - Launch of our Company’s website http://www.justdial.com 
• Launch of our search service through SMS and mobile internet
• 2011 - Demerger of activities and operations pertaining to IT-related testing and other related services of our Company to JD Global
• 2014 -Just Dial goes Global to launch services in UK, UAE. 
• 2015 -Just Dial launches new Android app Search Plus

Fundamentals
Market cap	3104.28 cr.
Face value	Rs. 10
Book value	Rs. 130.19
EPS	Rs. 17.91
52 Week H/L	Rs. 619.85/ 318.05
Dividend Yield	0.00%
Listed at	NSE/BSE
P/E Ratio	24.55
Industry P/E	59.24

Fundamental Analysis

Just Dial Private Limited has market capitalization of Rs. 3104.28 cr. and quarterly net profit of 38.16 Cr in the quarter ended on Jun 2017. The net profit margin of the company is 16.88% which is better than its peer average of 12.81%. 

• Just Dial Ltd. key Products/Revenue Segments include Sale of services which contributed Rs 674.62 Crore to Sales Value (97.65 % of Total Sales). 
• Operating Revenue which contributed Rs 12.55 Crore to Sales Value (1.81 % of Total Sales.

Technically, the stock (Future) may be bullish above 475 levels and test the levels of 515 & 550 in the next month and the stop loss should be 430. 

Resistance and Supports (Monthly) 

Resistance 1- 475 Support 1-440

Resistance 2- 500 Support 2-390

Resistance 3- 580 Support 3-350

JUSTDIAL (FUTURE) DAILY CHART

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MONTHLY OVERVIEW OF HUL

Hindustan Unilever Limited ( FUTURE)

Hindustan Unilever Limited is an Indian consumer goods company based in Mumbai, Maharashtra. It is a subsidiary of Unilever. HUL's products include foods, beverages, cleaning agents, personal care products and water purifiers. It is also among the biggest polluters in India. HUL was established in 1933 as Lever Brothers and, in 1956, became known as Hindustan Lever Limited, as a result of a merger among Lever Brothers, Hindustan Vanaspati Mfg. Co. Ltd. and United Traders Ltd. The company was renamed in June 2007 as "Hindustan Unilever Limited".

• HUL has presence in over 20 consumer categories such as soaps, tea, detergents and shampoos etc.
• Major food brands includes Kissan ketchup and jams, Annapurna salt, Bru coffee & Brooke Bond.

Fundamental Analysis -

Hindustan Unilever Limited has market capitalization of Rs. 263534.38 cr. Hindustan Unilever plans to sell premium tea through its own portal, marking its entry into the ecommerce business in India. The foray into e-commerce has been aimed at urging people to consider tea as a gifting option. The refreshments business, including tea and coffee, accounts for about 15% of HUL’s sales. The company is the leader in India’s `10,000 crore tea market.

• HUL’ s revenue from Personal Care segment is Rs 33895.00 Crore to Sales value which is 98.28% of Total Sales.
• Other Operating Revenue which contributed Rs 592.00 Crore to Sales Value (1.71 % of Total Sales) for the year ending 31-Mar-2017.

Fundamentals
Market cap	Rs. 263534.38 cr
Face value	Rs. 1
Book value	Rs. 31.16
EPS	Rs. 21.25
52 Week H/L	Rs. 1284.05/ 783.40
Dividend Payout	1700.00%
Listed at	NSE/BSE
P/E Ratio	56.57
Industry P/E	57.47

Technical Analysis -

IT STOCK (Future) was in bullish trend since the last week of Dec 2016 and made all time high of 1284.05 in 3rd week of Sep 2017. But then it corrected from all time high at the resistance of the trend line drawn from Jan 15, 2017 on weekly chart and made a low of 1190.80 in last week of Sep 2017.

Technically the stock (Future) may become bearish and below the levels of 1190 it could test the levels of 1130-1100 in next month. Technical stop loss should be kept above 1261.

Supports and Resistance (Monthly)

Resistance 1- 1261 Support 1- 1145

Resistance 2- 1320 Support 2- 1100

Resistance 3- 1365 Support 3- 1050

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