19.06.

2018

Market commentary
Benchmark indices closed sharply lower on Tuesday, following weakness in the
global peers on US-China trade tensions. The Sensex fell 261.52 points to
35,286.74 and the Nifty slipped 89.40 points to 10,710.50.HPCL, UPL, Reliance
Industries, were under pressure while GAIL and Bajaj Finance gained more than a
percent.Nifty Midcap index lost more than 220 points.CG Power, SAIL,Adani
Enterprises, and Reliance Capital,declined up to 5 percent.Mahindra Life space
surged 11 percent. United Spirits, Petronet LNG and Glen mark Pharma were
other gainers.
The Indian rupee is trading near day's low, falling 28 paise to 68.34 against the
dollar on sustained demand for the American currency. The Nifty 50 index frame “
descending tringle” on daily chart bearish move on short tram trend after that
nifty 50 may be bounce bank around 10640 -10655 from levels.

Nifty Daily Chart

R2 R1 Pivot S1 S2
Nifty
11026 10959 10800 10645 10503
Stock to Watch for Wednesday
Mahindra CIE Automotive Ltd.
Daily Chart

Technical Analysis
The Mahindra CIE Automotive has been trading between levels of Rs 267 and Rs
205 odd levels for the last one year. The price is currently trading close to its
breakout level and has given a breakout from Bollinger band with the expansion
of band. The stock can be bought at current level and on dips towards Rs 268 -272
with a stop loss below Rs 250 and a target of Rs 285 -300 levels.

The ADX line indicator of trend strength on the daily chart has moved above the
neutral level of 20 indicating uptrend is likely to sustain. Mahindra CIE price has
also given a breakout from the MACD indicators as it closed above.
 Market Highlights

 The rejig of senior management at ICICI Bank may have eliminated some of the
uncertainty that currently surrounds the bank's operations, but the question
about where the actual control lies still remains unanswered. After weeks of
speculation, the bank on Monday announced a restructuring of its senior
management, which involved the creation of a hitherto-unused number two
position. The move to bring in someone to take the wheel is because the bank's
Managing Director and Chief Executive Officer Chanda Kochhar is currently the
subject of an investigation for allegedly flouting corporate governance norms.
 The Securities and Exchange Board of India (SEBI) could amend the Issue of
Capital and Disclosure Requirements (ICDR) after analyzing public opinion during
its board meeting scheduled for June 21.The market regulator is planning to
overhaul the ICDR regulations and wants to appoint a monitoring agency for every
initial public offer (IPO) that hits the market. At present, IPOs only above Rs 100
crore are monitored. Under the current arrangement, the issuer makes necessary
preparations for the use of proceeds of the IPO to be monitored by a public
financial institution or by one of the scheduled commercial banks named in the
offer document as bankers of the issuer.
 Indian Railways' long-awaited and ambitious project to set up a waste-to-energy
plant at Jaipur railway station has run into Goods and Services Tax (GST) hurdles,
causing a delay in the commissioning of the first such municipal solid waste
management centre on the rail network. Though the process of setting up the
plant in Jaipur and then at the New Delhi station began two years back and the
successful bidder has brought in the required machinery and technology, the
procurement process is yet to be GST-compliant, causing the delay. While the
Jaipur plant would manage five tonnes of solid waste per day, the New Delhi plant
would have a capacity of 10 tonnes per day.

FII/FPI trading activity in Capital Market Segment(In Rs. Crores)

Category Date Buy Value Sell Value Net Value
FII/FPI 19-Jun-2018 4416.11 5741.03 -1324.92
DII trading activity in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 19-Jun-2018 3327.68 2674 653.68
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