Research

Special Reports

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Light House - A Techno-Funda Initiative - Ceat Ltd..- 29 June 2016
Ceat Ltd.

29 Jun 2016
CEAT is one of India's leading tyre manufacturers and flagship company of RPG group. The Company has a presence in Truck and Bus
rep

Light House - A Techno-Funda Initiative - Sonata Software Ltd..- 15 June 2016

15 Jun 2016
Sonata Software is a mid-sized IT company with focus on travel, retail & distribution and OPD. The business can be segregated int

Fundamental Research

Suzlon Energy Ltd.

14 Jul 2016

COMPANY BACKGROUND Suzlon is a market leader in India with a global footprint across all continents. Over the past two decades,

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Derivative Strategies

Long 1 LOT M&M 1480-1483

Short 1 LOT TATAMOTORS 506-508

The Strategy entails taking benefit of the price movement of both the stocks and takes advantage of the price ratio reverting to the mean. Both the stocks are correlated to each other and 120 days correlation between the two is around 91%. In short term M&M has underperformed Tata Motors and due to this price ratio has distorted from its mean. This is an ideal scenario where one can buy M&M and sell Tata Motors. We expect that from here M&M will outperform Tata Motors in short to medium term perspective.

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Morning Notes

02 Aug, 2016 - Markets are expected to open on subdued note in today’s session on back of weak global cues but on lower side nifty will continue to see strong buying support around 8600-8580 levels. Overall markets undertone remains bullish and any correction towards 8580-8550 can be used as buying opportunity with short term ta

Technical Ideas Today

02 Aug. 2016 | All figures in `

EquityActionInitiationTargetSL
M&MFIN EQ
BUY
Around 338 350 332.40
VEDL EQ
BUY
Above 166.50 173 163
 
Equity DerivativesActionInitiationTargetSL
IDEA EQ
SELL
At cmp 103.90 98 106
ENGINEERSIN
BUY
Around 224 232 220
DRREDDY
BUY
DRREDDY 3070 2940
 
Currency DerivativesActionInitiationTargetSL
USDINR
SELL
Below 66.95 66.42 67.21
GBPINR
SELL
Below 88.35 87.86 88.62
EURINR
BUY
Above 75.00 75.48 74.78
 
Commodity DerivativesActionInitiationTargetSL
Copper
SELL
327.50 322 332
Mentha oil
BUY
At 930 960/975 915
coucud
SELL
2555 2480/2450 2590

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