Microsec Capital Limited MARKET Diary

4-May-17

Nifty Intraday Chart Market

Market Value % Change
KEY LEVELS Morning Traded Market
Support 1 : 9266 SGX NIFTY 9,333.00 -0.08%
Resistance 1: 9388
NIKKIE CLOSED
HANG SENG 24,632.65 -0.26%
Yesterday Closing Market
Sensex 29,894.80 -0.09%
Nifty 9,311.95 -0.02%
Market Outlook DOW 20,957.00 0.04%
Event Today Indian equities gave a range bound and choppy NASDAQ 6,072.55 -0.38%
movement throughout the day on Wednesday and
Board Meetings after opening on a positive note, Nifty traded in the CAC 5,301.00 -0.06%
SUNFLAG: General narrow band of 9298-9348. At the end of the day the DAX 12,527.84 0.16%
index closed near flat at 9311.95. The midcap and
WOCKPHARMA : General FTSE 7,234.53 -0.21%
small cap indices also moved in line with the
Result benchmark index and closed the day near flat. EW ALL SHARE 17,221.38 0.03%
On the sectoral front, some buying interest was
EMAMILTD , EXIDEIND % Change in 1 day
witnessed in Realty, PSU Banking and Information
GALLANTT , GODREJPROP Technology stocks while Metal, Media and Commodity Price ( Yesterday Closing )
GREAVESCOT , HCC Pharmaceutical indices have shown some weakness. Commodity/Currencies Value % Change
The breadth of the market was slightly negative with
HDFC , MAHABANK more declines than advances. GOLD 28472.00 -0.38%
MCX , MRF The UN Economic and Social Commission for Asia and SILVER 38292.00 -1.03%
OBEROIRLTY the Pacific (ESCAP) said in its annual flagship report CRUDEOIL 50.66 -0.26%
that the economic growth for India is projected to be
NATURALGAS 207.30 1.32%
stable at 7.1% in 2017 before edging up to 7.5% in
Concall 2018. Countrys inflation is projected above its official DOLLAR/RS. 64.36 -0.13%
L & T Technolog : 11:00 AM target level of 4.5-5 percent at 5.3-5.5 percent in 2017. EURO/RS. 70.31 -0.18%
The report also noted that a key downside risk for India
DHFL : 3:00 PM POUND/RS. 83.25 -0.11%
was heightened financial sector risks related to the
TBZ : 4:00 PM concentration of bad loans in the public sector banks.
% Change in 1 day
Aro Granite : 4:00 PM Nifty touch and feel continues with 9300. Open Institutional Turnover
HCC : 4:00 PM interest at 9300 Put is getting continuously added and FII
NBCC : 5:00 PM will make 9300 a strong foundation for Nifty to spend Investor Buy(Cr.) Sale(Cr.) Net(Cr.)
rest of the time in May series. RSI for Nifty Mid Cap
Godrej Prop : 5:30 PM Index has shown negative divergence and now if Nifty 03-May-17 3969 4487 (518)
Mid Cap Index falls below 17836 (present value May-17 9464 10593 (1130)
Interim Dividend
18126), it will halt continued out-performance by mid
IBULHSGFIN : Rs 9:00 /- and small companies. Traders should get cautious on 2017 432924 407088 25837
ITDCEM : Rs 0.30/- mid and small companies if Nifty Mid Cap Index falls
below 17836. Sharp rally in the market in Jan and
VESUVIUS : Rs 6.5/- DII
Feb'17 (13% rally in Nifty) had caused large difference
( Exdate : 4.5.2017) between Nifty value and it's moving averages. Now Investor Buy(Cr.) Sale(Cr.) Net(Cr.)
Bonus issue moving average are coming closer to spot Nifty as 03-May-17 2603 2491 112
market rally has slowed since march (rally of just 4%
BEARDSELL May-17 5133 4480 654
between March & May). 50 day moving average of
( Exdate : 4.5.2017) Nifty is now at 9100. 50 day moving average is the 2017 245475 234285 11190
Stock Split most important moving average of Nifty to asses both
BEARDSELL ( Ratio: 5:1) its key support levels as well as short term trend of the
market.

( Exdate : 4.5.2017) Quote of the Day : "It's better to hang out with people better than you. Pick out associates whose behavior is
better than yours and you'll drift in that direction." Warren Buffett
Microsec Capital Limited
IEA Snapshot

"PART BOOK
IOC PROFIT"
04th May 2017

With the full commissioning of 15MMTPA Paradip refinery, Indian Oil Corporation is equipped to cater the growing fuel demand in the
country. Management expects 95% capacity utilization of Paradip refinery and volume growth of 3-4 MTPA going forward. Further
management plans to add 300 retail outlets every year to its existing network of 25000+ outlets. This will improve the volume of the
company up-to a large extent. IOC has equipped with BS VI standard HSD and BS VI standard motor spirit and prepared to start supply by
Oct17. IOC maintains healthy dividend payout of 33%. Currently stock is trading at 1.9x FY19 P/BV. Recently IOC rallied smartly and
achieved our recommended target price of Rs 445. We expect that the stock has discounted all the near term positives and at this price
point the valuation seems little stretched, so we recommend our short term investors to book profit at current levels but long term
investors may hold this stock.

TCS "BUY" 04th May 2017

After studying Wipro's (Direct Industry Peer) Buy-back Tendering pattern of last years, and on the basis of our analysis of various other buy
backs done in past, We have a positive view on this particular Buy-back.. We recommend retail shareholders "BUY" the stock around CMP
of 2340/- for tendering in Buy-Back. As per our fundamental analysis, near term downside risk is capped at 10% from current market
price..Our analysis suggest potential return of upto 6.8% safer arbitrage return (after adjusting 30% tax on offline transfer of shares) in this
Buy-back.. The holding period would be approx 45 days from now.

*For details, refer to our daily report- India Equity Analytics

Top News
SeQuent Scientific has received an establishment inspection
report (EIR) from the United States Food and Drug
Administration (USFDA) for their animal active pharmaceutical
ingredient (API) manufacturing plant at Visakhapatnam.
MARICOs Q4FY17 Result Concall Highlights:
Saffola: expects double digit growth in FY18.
Bangladesh business: Momentum to continue going
forward.
Ad expenses: will move up marginally in FY18.
GST: near term hiccups due to channel realignment but
underlying demand is regilient.
Middle East: Worse is over.
Pricing: will take another price hike in next 3 months.
Overall margin: Expects 17-18% margin in FY18.
Volume growth: expects 8-10% overall volume growth in
FY18.
Focus on high volume growth with market share gain.
Food business: will take 2 years to double the sales.
Parachute: expects volume growth of 5-7% in the medium
term.
Gross margin will contract going forward.
Depreciation: will go up marginally in FY18.
More than half of the product portfolio improved market
shares on 12 months MAT basis.
The Company aims to become the volume market leader in
the Amla hair oil category in FY18.
The company plans to add 14000 outlets in FY18.
Raymond is carrying forward a growth momentum from Q4 of FY17 into
the current year (FY18) now. Company expects the demand revival to
happen in FY17-FY18 . Company expects goods and services tax (GST) to
benefit the company with a shift in demand from unorganised to
organised branded segment. The company is also looking for expansion
through franchise asset like models in suiting and branded apparel
business, which will drive growth in cost-effective manner
Dabur India's India volumes grew 2.4 percent which was a material
recovery over the 5 percent decline in Q3, but its international business is
still under stress. Company should be in the region of 5-10 percent
volume growth. This quarter rural performed a bit better than urban and
the pain points still seems to be urban general trade
JSW Energy is a topdown miss, 30 percent lower on the topline, margins
have slipped and an over 90 percent crack on the bottomline. lack of
demand hurt earnings in Q4. However, Q4 is the weakest quarter for
hydro plants . See a slight glimmer of hope with plant load factor (PLF)
inching higher . steps taken by Uttar Pradesh (UP) government will aid
plant load factor
Dewan Housing Finance Corporation (DHFL) have covered the
demonetisation shortfall with regards to disbursements in Q4 and expect
disbursement growth rate to be 18-20 percent going ahead. Company will
maintain them between 3 and 3.1 percent. Company expects the assets
under management (AUM) to be at Rs 1 lakh crore by FY18.
The loan against property and SME book has been kept in the range of 18-
20 percent and now at the year-end we are at 20 percent. Going forward,
Company believe it would be around same range with focus more on the
individual retail home loans

Microsec Capital Limited

 F&O OPEN INTEREST ( Number of Contracts )
Individual Foreign Institutions

MARKET MOVERS (1 MONTH CHANGE)

Nifty Movers NSE Sectoral Indices Performance

TRADING IDEAS

Scrip Reco Initiation Price Target 1 Target 2 Stop Loss Rational

After getting a strong support near 100
DMA, the stock has given a good pullback
SAIL Buy 61.35 64 68 58.5 rally yesterday. A positive divergence also
made in Stochastic, suggesting some fresh
buying from the current level.

The stock has found a strong support at Rs

Short
2250 and thereafter gave a good pullback
(1 Lot
TCS May 2250 PE 18.35 8 2 30 rally yesterday with decent volumes. In the
=250) short term it is very unlikely to breach this
level.

Microsec Capital Limited

 Result Calendar Q4FY17
BSE Code Company Name Date BSE Code Company Name Date
533138 ASTEC 04-May-17 500264 MAFATIND 05-May-17
500042 BASF 04-May-17 524084 MONSANTO 05-May-17
532443 CERA 04-May-17 524774 NGLFINE 05-May-17
524388 CRAZYINF 04-May-17 532541 NIITTECH 05-May-17
531346 EASTRED 04-May-17 500459 PGHH 05-May-17
531162 EMAMILTD 04-May-17 500339 RAIN 05-May-17
500086 EXIDEIND 04-May-17 507962 RAJATH 05-May-17
532726 GALLANTT 04-May-17 500674 SANOFI 05-May-17
533265 GALLISPAT 04-May-17 540425 SHANKARA 05-May-17
533150 GODREJPROP 04-May-17 512297 SHANTAI 05-May-17
501455 GREAVESCOT 04-May-17 532638 SHOPERSTOP 05-May-17
500185 HCC 04-May-17 532872 SPARC 05-May-17
500010 HDFC 04-May-17 532928 TRIL 05-May-17
532636 IIFL 04-May-17 504212 UNIVCABLES 05-May-17
533519 L&TFH 04-May-17 503349 VICTMILL 05-May-17
539841 LANCER 04-May-17 509055 VISAKAIND 05-May-17
540005 LTI 04-May-17 532774 AFL 06-May-17
532525 MAHABANK 04-May-17 524634 ALUFLUOR 06-May-17
534091 MCX 04-May-17 501622 AMALGAM 06-May-17
500290 MRF 04-May-17 514286 ASHIMASYN 06-May-17
506734 MYSORPETRO 04-May-17 526433 ASMTEC 06-May-17
532416 NEXTMEDIA 04-May-17 508933 AYMSYNTEX 06-May-17
533273 OBEROIRLTY 04-May-17 530871 CHEMBOND 06-May-17
509220 PTL 04-May-17 540376 DMART 06-May-17
532826 RAJTV 04-May-17 530079 FAZE3Q 06-May-17
500483 TATACOMM 04-May-17 507552 FOODSIN 06-May-17
530521 VIRAT 04-May-17 532345 GATI 06-May-17
523694 APCOTEXIND 05-May-17 532133 IFGLREFRAC 06-May-17
500877 APOLLOTYRE 05-May-17 533676 INDOTHAI 06-May-17
500027 ATUL 05-May-17 524330 JAYAGROGN 06-May-17
526612 BLUEDART 05-May-17 521242 KANDAGIRI 06-May-17
530427 CHOKSI 05-May-17 500250 LGBBROSLTD 06-May-17
539131 CLLIMITED 05-May-17 533007 LGBFORGE 06-May-17
526821 DAICHI 05-May-17 514418 MANORG 06-May-17
500097 DALMIASUG 05-May-17 531221 MAYURFL 06-May-17
505200 EICHERMOT 05-May-17 532698 NITINSPIN 06-May-17
539844 EQUITAS 05-May-17 500680 PFIZER 06-May-17
532809 FSL 05-May-17 500327 PILITA 06-May-17
530161 GARODCH 05-May-17 534708 RCRL 06-May-17
500620 GESHIP 05-May-17 521240 SAMBANDAM 06-May-17
530263 GLOBALCA 05-May-17 531201 SHILCTECH 06-May-17
540124 GNA 05-May-17 540145 VALIANTORG 06-May-17
509162 INDAG 05-May-17 517164 ZENITHCOMP 06-May-17
501298 INDPRUD 05-May-17
 Earning Estimate Q4FY17
Date NSE CODE SALES SALES YoY PAT PAT YoY
3-May-17 APLLTD 795 27.10 97 6.50
3-May-17 AJANTPHARM 472 10.90 116 8.20
3-May-17 ICICIBANK 5433 0.50 2293 226.70
3-May-17 DHFL 527 20.50 247 30.30
4-May-17 EXIDEIND 1990 13.00 185 4.20
4-May-17 EMAMILTD 590 (2.10) 99 (35.60)
4-May-17 LTI 1661 4.20 222 (16.10)
4-May-17 TATACOMM 4455 (13.40) 17 (33.40)
4-May-17 MCX 57 3.30 30 3.00
4-May-17 HDFC 2853 15.60 1987 2.40
5-May-17 SANOFI 602 10.60 80 (1.00)
5-May-17 NIITTECH 698 2.00 67 (15.60)
5-May-17 EQUITAS 238 46.20 39 (17.70)

Result Q4FY17
BSE Code NSE CODE SALES SALES YoY PAT PAT YoY
522034 SHANTIGEAR 58 21.21 6 13.86
532331 AJANTPHARM 476 13.58 114 6.06
533573 APLLTD 741 20.16 94 3.13
532889 KPRMILL 790 13.93 72 31.93

Economic Calendar
Monday Tuesday Wednesday Thursday Friday
Country
2th May 17 3th May 17 4th May 17 5th May 17 6th May 17
Challenger Job Cuts y/y ,
ADP Non-Farm Unemployment Claims ,
Employment Change , ISM Prelim Nonfarm Average Hourly Earnings m/m ,
Non-Manufacturing PMI, Productivity q/q , Prelim Non-Farm Employment Change , Labor Market Conditions
US Total Vehicle Sales.
Crude Oil Inventories , Unit Labor Costs q/q , Unemployment Rate , Consumer Index m/m.
FOMC Meeting Minutes, Trade Balance, Factory Credit m/m.
Federal Funds Rate. Orders m/m , Natural Gas
Storage.

Spanish Unemployment
German Import Prices m/m ,
Change , Spanish Services
German Unemployment Change, German Factory Orders
PMI, Services PMI, Prelim Net Lending to Individuals
Italian Monthly Unemployment French Trade Balance , Halifax HPI m/m , BRC Retail Sales
UK/EURO ZONE Rate , Construction PMI ,
Flash GDP q/q , PPI m/m , m/m , M4 Money Supply
m/m. Monitor y/y , Sentix
Spanish 10-y Bond m/m
Unemployment Rate, BRC Shop Investor Confidence.
Auction, 10-y Bond
Price Index y/y.
Auction.

Auto no, Nikkei Manufacturing

INDIA PMI.
Nikkei Services PMI
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