Smart Trader

Research Desk Stock Broking

March 27, 2016

Product Note
Smart Trader is a weekly product whic h will help clients to take Long as well as Short Positions based upon swing movement fr om
the universe of NSE F&O stocks. The report, comprising 8 stock recommendations, will be released before the first trading day of
the week. The stock selection will be based upon Tec hnical and Derivative parameters, considering the overall momentum of the
market. Most of the stocks may be Momentum based recommendations, valid for a period of 1 week.
Specifications of the Product

The report will be released every week and the evaluation for the previous week will be sent in the next

weeks report on a weekly basis.

Recommendations could be a mix of Long & Short positions depending upon market conditions.

The minimum risk : reward ratio in the each recommendation shall be maintained at 1:1.50 times .

The stock should get initiated on the first two trading day of the week and the message will be flas hed on the NES T/GOTX
trading terminal under the head Smart Trader.

The open positions will be closed upon achieving targets (TA) or hitting stop loss levels (SLT) and rest all open pos itions
will be closed on the last trading day of the week at 3 P.M. in loss (CIL) or profit (CIP).

The report will be communicated through mail and also will be uploaded on www.karvy online.com & our social media
channels. Target Achieved/Stop Loss triggered messages will be flashed during the LIVE market on the NES T/GOTX
trading terminal under the head Smart Trader.

Smart Trader

March 27, 2016

Market view

Markets ended with a positive bias for the fourth cons ecutive week on account consistent buying from foreign institutional investors
(FIIs) and increasing hopes of rate cut by Central bank in the upcoming monetary policy slated on 05 Apr 2016. Nifty gained 112
points or 1.47% to close at 7716.50 and Sensex gained 384.82 points or 1.54% to close at 25337.56. Overall breadth of market
remained positive, where Banking, IT & Commodity stocks outperformed the market, whereas Pharma stocks remained
underperformer during the week.

On the domestic front in truncat ed week mark et remained choppy and ended at its highest note. Global market remained choppy
amid geopolitical concerns after militants targeted Brussels airport and a city metro station on last Tuesday. Meanwhile, cor rection
in Crude oil prices kept risk appetite in check ahead of the long Easter break.

Technically, Nifty is well placed above its 21 & 50-DEMA, approaching toward its major 200 -DEMA which is currently placed near
7780 levels. The India VIX index a measure of volatility continued to dip to settle at 16.34 le vels indicating the strength in the
underlying move. In the coming week with expiry of Marc h contract, markets are likely to trade with positive bias and likely to head
towards 7780-7800 above which next resistance is pegged around 7860-7900 levels. On the downside, supports are placed near
7600 levels followed by 7500-7540 area. Therefore, we recommend trade with positive bias in the range of 7600-7900 levels and
any dip towards support levels can be utilized as a buying opportunity.

List of Stocks

STOCK

SECTOR

CMP

ACTION

ENTRY*

SL

TGT

GRASIM

CEMENT

3781.00

BUY

3760.00

3600.00

4000.00

HDIL

REALTY

72.65

BUY

72.50

68.00

80.00

JETAIRW AYS

AVIA TION

554.15

BUY

ABV 563.00

519.00

630.00

SAIL

METALS

45.25

BUY

44.75

42.30

49.00

TVSMOTORS

AUTO

309.45

BUY

308.50

288.00

343.00

ANDHRABANK

BFSI

50.75

SELL

51.60

54.30

46.50

BRITANNIA

FMCG

2725.30

SELL

2725.00

2840.00

2505.00

DISHTV

MEDIA

83.15

SELL

84.00

90.00

74.50

VIEW

Refers to (if any call is not initiated, entry levels for the recommendation(s) w ill be sent on the trading terminal(s)
CMP: Current Market Price| ENT : Entry | SL: Stop Loss | TGT: Target | * The mentioned levels are spot levels and the stocks w ill be initiated during the market
hours

Smart Trader

March 27, 2016

SECTOR: CEMENT

BUY GRASIM | CMP: 3781.00

Sentiment

GRAS IM is in uptrend forming higher tops and higher bottoms from the lows of
3233 in an upward sloping channel. In its uptrend from the lows of 3233 the
stock has taken off its falling trend line resistance drawn from the spike high of
4024.85 to the lower high of 3790.1. On the oscillators front the 14 days RS I is
trading at 72.88 and is above its 9 days EMA indicating a bullish bias. The
derivative dat a suggests long build up as there has been inc rease in OI by
17.95% on weekly basis with an increas e in price by 3.39%. Hence we
recommend traders to buy the stock around 3760 for a target of 4000 wit h a
stop loss of 3600.

Entr y

3760.00

Stop Loss

3600.00

Target

4000.00

21-DEMA

3585.00

50-DEMA

3543.84

Open Interest Shares

833700

Weekly change in OI

17.95%

CoC(%)

14.54

SECTOR: REALTY

BUY HDIL | CMP: 72.65

Sentiment

HDIL has closed the previous week with a positive return of 4. 61 % and
outperformed the benc hmark, Nifty. Currently the stock is well placed above all
its short term major moving averages on daily chart, indicating uptrend and
suggesting bullishness is likely to persist in near term. On the technical indicator
front, the 14- day RSI has given positive crossover with 9 -day signal line, which
suggests positive sentiment in the stock. The derivative dat a suggests that stock
has witnessed long accumulation during last week. From t he above
observations it seems that stock is likely to trade with positive bias in the coming
sessions also. Hence, we suggest short term traders to go long in the stock for
the target of 80 levels keeping stop loss below 68 levels.

Entr y

72.50

Stop Loss

68.00

Target

80.00

21-DEMA

69.91

50-DEMA

75.48

Open Interest Shares

23682000

Weekly change in OI

2.12%

CoC(%)

15.70

Smart Trader

March 27, 2016

SECTOR: AVIATION

BUY JETAIRWAYS | CMP: 554.15

Sentiment

Entr y

Jet Airways has given a positive return of 6.04% during the just concluded
week, whereas Nifty has gained 1.47%, and outperformed the large cap
universe. The stock gained more than 2. 56% in the last trading session and
managed to give a closing above its short term moving average. The stock
has edged higher with notable volumes and the positive momentum in the
counter is expected to persist for the coming trading sessions as well. Adding
to the bullishness, the RS I indicator is also pointing northwards. On the
derivatives front, the stock has witnessed rise in price with increase in OI
indicating long positions built up in the counter. Hence we recommend smart
traders to buy the stock above 563 with a target of 630 with a stop loss of
519.

ABV 563.00

Stop Loss

519.00

Target

630.00

21-DEMA

539.59

50-DEMA

477.45

Open Interest Shares

5382000

Weekly change in OI

18.58%

CoC(%)

10.29

SECTOR: METALS

BUY SAIL | CMP: 45.25

Sentiment

SAIL on a weekly basis has outperformed its sectoral index Nifty Met al.
Where the stock has gained around 5.60%, whereas index gained around
3.76 %. The stock has given a breakout on the charts from t rading range of
42.90-43.50 levels with notable volumes which su ggest that the stock is
poised for fresh up move. The stock is also currently trading well above its
major short term moving averages. On the oscillator front, the 14-day RSI is
trading well above 9 DEMA and has just started sailing in the oversold
region. Therefore, we recommend short term participants with a stop loss
below 42. 30 for targets of 49.

Entr y

44.75

Stop Loss

42.30

Target

49.00

21-DEMA

44.21

50-DEMA

51.70

Open Interest Shares

38070000

Weekly change in OI

-0.28%

CoC(%)

10.08

Smart Trader

March 27, 2016

BUY TVSMOTORS | CMP: 309.45

SECTOR: AUTO

Sentiment

TVS MOTORS has been in an uptrend forming higher highs and higher lows
from the lows of 196.25 in an upward sloping price channel. On price chart
front the stock has given a breakout from consolidation pattern in the range of
255-297 and the breakout has been supported by volumes. On oscillator front
the 14 days-RSI is hovering around 65.85 and is above its 9 days EMA
indicating a bullish bias. On derivate front the stock has seen a long addition of
around 42.37% in OI in the previous week with inc rease in price by 7.67%.
Henc e we recommended a buy around 308-309 for a target 343 of with a stop
loss of 288.

Entr y

308.50

Stop Loss

288.00

Target

343.00

21-DEMA

281.31

50-DEMA

264.24

Open Interest Shares

4348000

Weekly change in OI

42.37%

CoC(%)

15.48

SECTOR: BFSI

SELL ANDHRABANK | CMP: 50.75

Sentiment

ANDHRA BA NK has been a major underperformer in comparison with the

broader markets. The counter has generated negative weekly return of
0.49% in an up trending broader market scenario. On the weekly charts, the
stock is making lower lows and lower highs from past few trading weeks
suggesting bearish t rend in t he stock. On the indicator front, 14 Day RSI is
also trading below the signal indicating the overall weakness in the counter.
Among the oscillators front the weekly MACD is placed at below zero -line,
confirming our bearish stance in this counter. E ven t he derivative data
suggests that the stock has witnessed short addition on a weekly basis,
where the OI has increased by 7.46% with decline in price by 0.49%.Hence
we recommend the traders to sell the stock at 51.60 levels with a stop loss
placed around 54.30 levels with an ex pected target plac ed around 46.50
levels for the near term.

Entr y

51.60

Stop Loss

54.30

Target

46.50

21-DEMA

50.81

50-DEMA

52.27

Open Interest Shares

13360000

Weekly change in OI

7.46%

CoC(%)

13.49

Smart Trader

March 27, 2016

SECTOR: FMCG

SELL BRITANNIA | CMP: 2725.30

Sentiment

BRITA NNIA is trading in a broad range bet ween 2890 to 2570 levels on
weekly chart. The stock is also trading below all of its major moving averages
on daily charts which suggest that the stock has some inherent weakness.
On the weekly and daily charts, the stock is moving below the mean of its
Bollinger band suggesting s elling pressure likely to continue. On
the indicators front MACD (12/26/9) fall in Bearish territory after hovering
near signal line with Bearish Convergence, indicating momentum is poised
with weak bias. Hence we recommend Smart Traders to initiate S hort
positions at current levels of 2725 levels for the target of 2505, keeping stop
loss at 2840 levels.

Entr y

2725.00

Stop Loss

2840.00

Target

2505.00

21-DEMA

2760.41

50-DEMA

2786.10

Open Interest Shares

1564000

Weekly change in OI

-1.44%

CoC(%)

8.71

SECTOR: MEDIA

SELL DISHTV | CMP: 83.15

Sentiment

DIS HTV has closed with negative returns of 1.47% for the week. The stock is
making lower highs and lower lows on the weekly chart, suggesting the short
and medium term trend is bearish. The stock is also sustaining below its
medium t erm moving averages on daily charts and e ven the Bollinger band
setup on daily charts suggest the stock is facing resistance at its upper band
and started its journey towards the mean and lower band. On derivatives
front, the stock has also witnessed long closure in last trading week where
the stock was down by 1.47% week on week and open interest was down by
1.98 %. Hence we recommend short term traders to initiate short on small
rise towards 84 levels with stop above 90 for target of 74.50

Entr y

84.00

Stop Loss

90.00

Target

74.50

21-DEMA

79.68

50-DEMA

81.88

Open Interest Shares

28525000

Weekly change in OI

-1.98%

CoC(%)

10.97

Smart Trader

March 27, 2016

Previous Weeks Evaluation

STOCK

ACTION

INTITIATED @

STOP
LOSS

TARGET

RETURN
(%)

WEEKLY
HIGH

WEEKLY
LOW

OUTCOME

APOLLOTYRE

BUY

168

183

181.50

173.05

NI

AXISBANK

BUY

443

420

450

-1.52

447.60

434.30

Closed @
436.25

TATAGLOBAL

BUY

119

114

123

3.36

123.30

118.65

TA @ 123.00

VEDL

BUY

93

89.5

98

5.38

98.20

92.45

TA @ 98.00

BEML

SELL

1030

955

1112

1012

NI

BIOCON

SELL

460

476

446

-0.65

473.25

457.50

Closed @
463.00

IBULHSGFIN

SELL

624.8

638

598

-2.11

651.75

618.25

SLT @ 638.00

POWERGRID

SELL

137.05

142

132

-0.33

139.35

136.25

Closed @
137.50

Average Return : 0.69 %

*TA: Target Achieved | SLT: Stop loss Triggered | N.I: Not Initiated

KARV Y RES EARCH DESK STOCK BROKING

QUERIES & FEEDBACK

JK Jain

Toll-Free : 1800 425 8283

Head Research

Email ID: service@karvy.com

KARVY STOCK BROKING LTD| Karvy Millenium | Plot No : 31| Financial District |Gachibowli | Hyderabad - 500 032

Analyst Certification
The follow ing analy st(s), JK Jain, w ho is (are) primarily responsible for this report and whose name(s) is/ are mentioned therein, certify (ies) that the views
expressed herein accurately reflect his (their) personal view(s) about the subject security (ies) and issuer(s) and that no part of his (their) compensation was, is or
will be directly or indirectly related to the specif ic recommendation(s) or views contained in this research report.

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Smart Trader

March 27, 2016

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