Market Watch 15th MARCH

2017

MORNING BRIEFS GLOBAL INDICES

LTP

CHANGE(PTS)

CHANGE (%)

DOW JONES

20837.37

-44.11

-0.21

NASDAQ

5,856.82

-18.96

-0.32

S&P 500

2365.45

-8.02

-0.34

FTSE 100

7,357.85

-9.23

-0.13

DAX

11,988.79

-1.24

-0.01

HANG SENG

23,780.13

-47.82

-0.20

NIKKEI 225

19,551.72

-57.78

-0.30

SHANGHAI INDIAN MAJOR INDEX

3,235.93

-3.40

-0.11

LTP

CHANGE(PTS)

CHANGE (%)

NIFTY

9,087.00

152.45

1.71

BANK NIFTY

21,102.70

375.15

1.81

INDIA VIX

12.4000

-1.56

-11.16

SENSEX

29442.63

496.40

1.71

NIFTY MIDCAP 50

4,201.15

69.35

1.68

NIFTY SMALLCAP

6,668.95

71.70

1.09

MCX & FOREX

LTP

CHANGE(PTS)

CHANGE (%)

GOLD

28,076.00

-175.00

-0.62

SILVER

40,083.00

-335.00

-0.83

CRUDEOIL

3,136.00

-67.00

-2.09

USDINR

65.82

-0.78

-1.18

FII & DII DAILY ACTIVITY

BUY VALUE

SELL VALUE

NET VALUE

CASH (FII)

10204.74

6116.85

4087.89

CASH(DII)

3208.02

4727.96

-1519.94

INDEX FUTURE

4713.95

2876.82

1837.13

INDEX OPTION

50333.87

46944.89

3388.98

STOCK FUTURE

9025.99

8526.83

499.17

STOCK OPTION

5216.36

5325.65

-109.28

MARKET CLOSING Indian equity markets registered a solid rally triggered by Bharatiya Janata Party's (BJP) impressive show in the recently held assembly elections in five states. Investors cheered the spectacular show by BJP in Uttar Pradesh, a politically crucial state. The barometer index, the S&P BSE Sensex, jumped 496.40 points or 1.71% to settle at 29,442.63. The Nifty 50 index surged 152.45 points or 1.71% to settle at 9,087. Data showing a recovery in industrial production in January also boosted sentiment. Key indices remained firm throughout the session after witnessing a gap-up opening. The Nifty settled above the psychological 9,000 mark after hitting record high above that mark in early trade. The Sensex also closed above the psychological 29,000 level after regaining that mark at the start of the session. The election results could provide a much needed boost to the ruling BJP at the centre to accelerate the pace of reforms, including the rollout of the crucial Goods and Services Tax (GST), slated to be implemented from 1 July 2017.Bank stocks rose. Capital goods stocks gained in firm market. Realty stocks also advanced.

MARKET TODAY’S VIEW Nifty50 futures on the Singapore Stock Exchange were trading 17.50 points higher at 9118.50, indicating a positive opening for the domestic market. “The equity market’s price-to-earnings ratio can get re-rated and expand more than its long-term average. The Modi magic has catapulted India to the second-best performing market globally in the past three months. The Sensex has outperformed markets like Dow, FTSE and Dax, except for the Brazilian Bovespa. The Indian market will ride on this hope and is on track to be among top three markets by returns in 2017. The US Federal Reserve, which has struggled to stoke inflation since the financial crisis and up until now raised rates less frequently than it and markets expected, may be about to hit the accelerator on rate hikes. On Wednesday, the US central bank is almost universally expected to raise its benchmark interest rates; a move that just a few weeks ago was viewed by the markets as unlikely.

SGX NIFTY: 9129.50 +28.00 + 0.31% ECONOMIC CALENDER: Events to Watch for the Day Country

Event

Estimate

UK

Average Earnings Index +Bonus (Jan)

-

2.60%

UK

Claimant Count Change (Feb)

-

-42.4K

US

Core CPI (MoM) (Feb)

0.20%

0.30%

US

Core Retail Sales (MoM) (Feb)

0.20%

0.80%

US

Retail Sales (MoM) (Feb)

0.20%

0.40%

MARKET BREADTH: ADVANCE DECLINE UNCHANGED Peerless Securities Ltd. Peerless Mansion, 1, Chowringhee Square, 2nd Floor, Kolkata- 69

2682 1722 169

1

Prior

For Private Circulation Only

SECTORAL INDICES:

NIFTY SHORT TERM OUTLOOK: The Nifty witnessed a sharp move in last session, with the 20DMA acting as a springboard for the benchmark index. Consequently, the multi-week consolidation ultimately broke out on the upside with a breakaway gap in last session. The Nifty crossed the all-time high of 9119 and registered a new all-time high of 9122. Post the gap-up opening, it moved into a consolidation mode. 9060-9000 will act as a key support area. In terms of wave structure, the sideways activity was a fourth wave consolidation and the Nifty has now started the fifth leg of an impulse on the upside. The equality target for this leg comes to 9500, which will be the medium-term target.

INDEX TECHNICAL SNAPSHOTS

INDICATIONS

NIFTY FUTURE

BANK NIFTY FUTURE

S2

9027 9057 9090 9119 9152

20930 21016 21145 21231 21360

S1 PIVOT R1 R2

Peerless Securities Ltd. Peerless Mansion, 1, Chowringhee Square, 2nd Floor, Kolkata- 69

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PRICE- OI ANALYSIS NIFTY PRICE- OI CONCENTRATION: AS PER THE GIVEN GRAPH OF OPEN INTEREST CONCENTRATION OF NIFTY, OPEN INTEREST IN CALL OPTION IS HIGHER AT STRIKE PRICE 8900 LEVEL AND PUT OPTION OPEN INTEREST PUT OPTION IS HIGHER AT STRIKE PRICE 9000. STOCK FUTURE PRICE - OI ANALYSIS:

SYMBOL ICICIBANK

LONG BUILD UP STOCKS OI CHANGE LTP CHANGE 286.90

5.52%

LONG UNWINDING STOCKS OI LTP CHANGE CHANGE

VOL.CHANGE

SYMBOL

182.96%

JINDALSTEL

124.50

-1.23%

-7.53%

-83.21%

14.15

-5.67%

-1.02%

289.81% --

5.27%

VOL.CHANGE

BANKBARODA

161.50

1.03%

6.11%

51.29%

JPASSOCIAT

ADANIPOWER SBIN

39.35 275.60

2.47% 0.99%

2.29% 3.50%

15.43% 31.52%

-

--

--

--

-

-

-

-

-

GMRINFRA

16.45

2.81%

1.37%

4.96%

-

-

-

-

-

SYMBOL JSWSTEEL

SHORT COVERING STOCKS OI CHANGE LTP CHANGE 181.70 2.83% -2.32%

VOL.CHANGE 73.10%

VEDL

253.60

1.54%

-1.79%

3.30%

KTKBANK

139.85

2.12%

-1.68%

106.85%

ANDHRABANK

54.55

1.68%

-2.38%

39.90%

UNIONBANK

147.30

1.80%

-1.80%

47.00%

Peerless Securities Ltd. Peerless Mansion, 1, Chowringhee Square, 2nd Floor, Kolkata- 69

SYMBOL

SHORT BUILDUP STOCKS OI CHANGE LTP CHANGE

VOL.CHANGE

AXISBANK

513.40

-0.62%

10.66%

65.86%

GAIL COALINDIA

378.75 296.25

-0.28% -0.60%

7.08% 16.82%

59.75% 110.12%

ONGC NMDC

192.00 135.60

-0.08% -0.55%

5.35% 10.19%

-5.24% 43.28%

3

For Private Circulation Only

EVENTS & RESULT CALENDER EVENT - RESULT CALENDER BOARD MEETING

BONUS V-Guard Industries Ltd

State Bank of India

EGM

RESULT

-

-

IPO & MF NEWS Current IPO IPO Name

Issue Size (Rs. In Cr.)

Issue Type

Price Band (Rs.)

Open/Close Date

10.91 14.85

Fixed Price - SME Fixed Price - SME

30.00 to 0.00 45.00 to 0.00

10-Mar to 17-Mar 14-Mar to 16-Mar

Issue Size (Rs. In Cr.)

Issue Type

Price Band (Rs.)

Open/Close Date

5.40 10.27 2.40 238.00 3.77

Fixed Price - SME Book Building - SME Fixed Price - SME Book Building Fixed Price - SME

40.00 to 0.00 27.00 to 30.00 18.00 to 0.00 500.00 to 502.00 25.00 to 0.00

15-Mar to 17-Mar 15-Mar to 20-Mar 15-Mar to 20-Mar 20-Mar to 22-Mar 17-Mar to 22-Mar

Sarthak Metals Ltd Airan Ltd

Forthcoming IPO IPO Name Jash Dealmark Ltd Manomay Tex India Ltd Chemcrux Enterprises Ltd CL Educate Ltd Maximus International Ltd

LARGE CAP

RETURNS (%) 6 mth 0.8

1 yr 8.2

3 yr 16.1

RETURNS (%) 6 mth 7.4

1 yr 15

3 yr 41.4

RETURNS (%) 6 mth 1.1

1 yr 6.1

3 yr 24.8

RETURNS (%) 6 mth 3.4

1 yr 10.1

3 yr 29.3

RETURNS (%) 6 mth --

1 yr 4.3

3 yr 20.5

RETURNS (%) 6 mth -1.4

1 yr 4

3 yr 10.4

Birla Sun Life Bal. 95 Fund (G)

RETURNS (%) 6 mth 3.1

1 yr 10.3

3 yr 18.7

DEBT LONG TERM »

RETURNS (%)

Birla SL Frontline Equity (G) SMALL & MID CAP DSP-BR Micro Cap Fund - RP (G) DIVERSIFIED EQUITY ICICI Pru Value Discovery Fund (G) THEMATIC - INFRASTRUCTURE Franklin Build India Fund (G) ELSS Birla SL Tax Relief 96 (G) INDEX » Kotak Nifty ETF BALANCED »

Peerless Securities Ltd. Peerless Mansion, 1, Chowringhee Square, 2nd Floor, Kolkata- 69

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HDFC High Interest - Dynamic (G) DEBT SHORT TERM » Axis Short Term Fund (G) ULTRA SHORT TERM DEBT Axis Banking & PSU Debt Fund (G) CREDIT OPPORTUNITIES FUNDS Birla SL Short Term Opp-RP (G) GILT LONG TERM HDFC Gilt Fund- LTP (G) MIP AGGRESSIVE Birla SL MIP II-Wealth 25 (G) LIQUID Indiabulls Liquid Fund (G)

Peerless Securities Ltd. Peerless Mansion, 1, Chowringhee Square, 2nd Floor, Kolkata- 69

5

6 mth 9.7

1 yr 15.1

3 yr 12.2

RETURNS (%) 6 mth 5.3

1 yr 9.8

3 yr 9.3

RETURNS (%) 6 mth 4

1 yr 8.5

3 yr 8.7

RETURNS (%) 6 mth 6.6

1 yr 11.6

3 yr 10.4

RETURNS (%) 6 mth 11

1 yr 17.2

3 yr 14

RETURNS (%) 6 mth 7.9

1 yr 14.3

3 yr 15.2

RETURNS (%) 6 mth 3.6

1 yr 7.9

3 yr 8.5

For Private Circulation Only

CNX NIFTY HEAT MAP

Source data: moneycontrol.com, cnbc.com, capitalmarket.com, economictimes.com, businessstandards.com, nseindia.com, bseindia.com, sgxnifty.org, ndtvprofit.com, forexlive.com, reuters.com, icharts.in, investing.com Peerless Securities Ltd. Peerless Mansion, 1, Chowringhee Square, 2nd Floor, Kolkata- 69

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Research Disclaimer Peerless Securities Ltd.( the Company ), a well established and reputed member of all the major stock exchanges, has been offering broking and allied services to clients since 1995. The Company is a registered Research Analyst, as per SEBI (Research Analysts) Regulations, 2014 and provides research services on securities. Research report is a written or electronic communication that includes research analysis, research recommendation or an opinion concerning securities or public offer, providing a basis for investment decisions. The v i e ws e x p r e s s e d t h e r e i n are based solely on information available publicly/internal data/other reliable sources believed to be true. The information is provided merely as a complementary service and do not constitute an offer, solicitation for the purchase or sale of any financial instruments, inducement, promise, guarantee, warranty, or as an official confirmation of anytransactions or contract of any kind. The reports are provided for assistance and are not intended to be and must not alone be taken as the basis for an investment decision. The research report does not constitute an offer, invitation orinducement to invest in securities or other investments and PSL is not soliciting any action based upon it. Before acting on any advice or recommendation in this material, investors should consider whetherit is suitable for their particular circumstances and, if necessary, seek professional advice. The investor assumes the entire risk of any use made of this information. Though disseminated to clients simultaneously, not all clients may receive the reports at the same time. PSL will not treat recipients as clients by virtue of their receiving this report. The reports include projections, forecasts and other predictive statements which represent PSL’s assumptions and expectations in the light of currently available information. These projections andforecasts are based on industry trends, circumstances and factors which involve risks, variables and uncertainties. The actual performance of the companies represented in the report may vary fromthose projected. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Reports based on technical analysis is focused on studying charts of a stock's price movement and trading volume, as opposed to focusing on a company's fundamentals and as such, may not match with a report on a company's fundamentals. The reports do not take into account the particular investment objectives, financial situations, risk profile or needs of individual clients. The investor assumes the entire risk of any use made of this information. Each recipient of the reports should make such investigation as deemed necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in such reports (including the merits and risks involved). The recommendations in the reports are based on 12 month horizon, unless otherwise specified. The investment ratings are on absolute positive/negative return basis. It is possible that due to volatile pricefluctuation in the near to medium term, there could be a temporary mismatch to rating. For reasons of valuations/return/lack of clarity/event we may revisit rating at appropriate time. The stocks always carry the risk of being upgraded to buy or downgraded to a hold, reduce or sell. The opinions expressed in the reports are subject to change but we have no obligation to tell our clients when ouropinions or recommendations change. The reports are non-inclusive and do not consider all the information that the recipients may consider material to investments. The reports are issued by PSLwithout any liability/undertaking/commitment on the part of itself or any of its entities. PSL, Research analysts, persons reporting to research analysts and their relatives may have financial interests and material conflict of interest in the subject company. PSL, Research analysts, persons reporting to research analysts and their relatives may have actual/beneficial ownership of 1% or more in the subject company’s securities, at the month immediately preceding the date of publication of this research report. Past performance is not a guide for future performance, future returns are not guaranteed and investors may suffer losses which may exceed their original capital. Compliance Officer: Mr RajKumar Mukkerjee; Tel: 033 40502701; email: [email protected] Contact: [email protected] SEBI Registration details: NSE - INB/INE/INF230821137; BSE - INB010821131; BSE CURRENCY- SEBI Registered; Research Analyst- INH300002365; NSDL - IN-DP-NSDL-96-99, DP ID: IN300958; CDSL: IN-DP-CDSL-505-2009; MUTUAL FUND ARN- 2103; CIN: U67120WB1995PLC067616 For Detail Disclaimer, visit: http://peerlesssec.co.in/Downloads/ResearchDisc.pdf

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