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2016
Star India Market
Research
12/19/2016
Special Report
The stock of Geetanjali Gems is looking positive in near
term. Investors with a short-term perspective can
consider buying the stock of Geetanjali Gems at
current levels.
Super 5 Stocks for BTST
1. Geetanjali Gems Limited
The stock of Geetanjali Gems is looking positive in near term. Investors with a short-term perspective can
consider buying the stock of Geetanjali Gems at current levels. After registering a 52-week high at 93 in early
October, the stock reversed direction and started to decline. The stock was on a short-term downtrend until it
found support at around 50 in mid-November. Taking support at the long-term base, the stock resumed its
uptrend that has been in place since the March low of 29.9. While trending up, the stock breached its key
resistance at 60 as well as 21-DMA in early December. In last week, the stock surged 6.7 per cent continuing its
short as well as intermediate-term up trends. This up move has strengthened the bullish momentum. Buying
interest is visible as the daily price rate of change indicator is hovering in the positive territory. The stock can
extend its rally and hit the price target 70 and 71 in the upcoming sessions. Buy with stop-loss at 61.MOIL Limited
2. Dolphin Offshore Enterprises (India) Limited
The overview for the stock of Dolphin Offshore Enterprises (India) is to buy at current levels. Since March 2016 the
stock has been on a sideways consolidation phase in the broad range between 80 and 112. In early November, the
stock tested the lower boundary at 80 and bounced back. Since then, it has been on a short-term uptrend. In last
week, the stock is going around 13 percent and has decisively moved out of the sideways consolidation phase. It
trades well above its 50 and 200-day moving averages. There is an increase in daily volume over the last five trading
session. The daily relative strength index is featuring in the bullish zone and the weekly RSI has entered this zone
from the neutral region. Moreover, buying interest is seen as the daily as well as weekly price rate of change
indicators are featuring in the positive territory. The short-term outlook is bullish. Targets are 144 and 155. Traders
can buy the stock with a stop-loss at 115.
3. Deepak Fertilizers and Petrochemicals Corporation Limited
stock of Deepak Fertilizers & Petrochemicals Corporation surged around 10 per cent, breaking through a key
immediate resistance at 195 with an above average volume in last week. Since taking long-term support in the
band between 110 and 120 in June 2015, the stock has been on an uptrend. Both the intermediate as well as
medium-term trends are up for the stock. In late November the stock took support at its long-term base level of
175 — which is also the 200-DMA support level and resumed its uptrend. The stock has been on a near-term
uptrend since then. The daily relative strength index has entered the bullish zone from the neutral region. Also,
there has been an increase in daily volume over the past three trading sessions. The short-term outlook is bullish.
Traders with a short-term perspective can buy the stock with stop-loss at 190. The short-term price targets are
216 and 225.
4. MARUTI SUZUKI INDIA LIMITED
In daily chart, MARUTI yesterday closes green; its overall trend is bullish. Last trading session it gives moment of
0.30% and price closed at 5188. There is a consolidation seen in charts with the range of 5120-5220 But in daily chart
resistance of 5310 if it break this level then it will further breach to the level of 5380. Below the level of 5000 there is a
support, if it breaks this support it can breaches to the level of 4810. Investor can take long position above 5120, and
can breach upto the level of 5350 and the risk part can be taken at below the level of 4790. Maruti Suzuki India Ltd
(MSIL) on Friday signed a memorandum of understanding (MoU) with Ola, the online cab aggregator, to train aspiring
drivers-partners. According to the MoU, Maruti Suzuki would help the individuals/ Ola partner-drivers obtain
commercial licences and also assist in availing of vehicle financing to purchase their own cars on completion of their
courses.
5. RELIANCE INFRASTRUCTURE
Reliance Infrastructure yesterday it was traded mixed movement due to fundamental reasons in the market. But in
daily chart, there is breakout of trend line support to the sell side and as closed the support of 487 and yesterday it
closed at 488.30. We suggest that investors would be short their position and can put the target of 475-478 with the
risk of 495. Reliance Infrastructure InvIT Fund (RInfra InvIT) has filed the draft red herring prospectus (DRHP) with
the Securities and Exchange Board of India (SEBI). The proposed issue size is Rs 3,000 crore with an option to retain
over-subscription upto 25 percent. It is the government's initiative to promote alternative means for long-term
infrastructure financing.
DISCLAIMER
Entering our site means that you have read, understood and agreed to everything that is written and implied in this
disclaimer note. RESEARCH is published solely for informational purposes and must in no way be construed as
investment advice for a specific individual. The information and views in this website & all the services we provide are
believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the
right to choose the product/s that suits them the most.
Investment in equity shares, futures, options and commodities has its own risks. Sincere efforts have been made to
present the right investment perspective. The information contained herein is based on analysis and on sources that we
consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal
information and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for any
financial profits or loss which may arise from the recommendations above. The information contained herein is from
sources believed reliable. We do not represent that it is accurate, complete and it should not be relied upon as such. Any
action taken by you on the basis of the information contained in this site is your responsibility only and we will not be
liable in any manner for the consequences of such action taken by you.
Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or
Reports or any other information provided by us to/with anyone which is received directly or indirectly by them. If
found so then Serious Legal Actions can be taken.
By accessing our site or any of its associate/group sites, you have read, understood and agree to be legally bound by the
terms of the following disclaimer and user agreement
Star India Market Research and its owners/affiliates are not liable for damages caused by any performance, failure of
performance, error, omission, interruption, deletion, defect, delay in transmission or operations, computer virus,
communications line failure, and unauthorized access to the personal accounts. Research House is not responsible for
any technical failure or malfunction of the software or delays of any kind. We are also not responsible for non-receipt of
registration details or e-mails.
You understand and agree that no joint venture, partnership, employment or agency relationship exists between you
and Research House as a result of this agreement or on account of use of our website.
Price and availability of products and services offered on the site are subject to change without prior notice. We provide
information about the availability of products or services to a certain extent but you should not rely on such
information. Star India will not be liable for any lack of availability of products and services you may order through the
site.
www.starindiaresearch.com

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Special report 19 12-2016

  • 1. 2016 Star India Market Research 12/19/2016 Special Report The stock of Geetanjali Gems is looking positive in near term. Investors with a short-term perspective can consider buying the stock of Geetanjali Gems at current levels.
  • 2. Super 5 Stocks for BTST 1. Geetanjali Gems Limited The stock of Geetanjali Gems is looking positive in near term. Investors with a short-term perspective can consider buying the stock of Geetanjali Gems at current levels. After registering a 52-week high at 93 in early October, the stock reversed direction and started to decline. The stock was on a short-term downtrend until it found support at around 50 in mid-November. Taking support at the long-term base, the stock resumed its uptrend that has been in place since the March low of 29.9. While trending up, the stock breached its key resistance at 60 as well as 21-DMA in early December. In last week, the stock surged 6.7 per cent continuing its short as well as intermediate-term up trends. This up move has strengthened the bullish momentum. Buying interest is visible as the daily price rate of change indicator is hovering in the positive territory. The stock can extend its rally and hit the price target 70 and 71 in the upcoming sessions. Buy with stop-loss at 61.MOIL Limited 2. Dolphin Offshore Enterprises (India) Limited The overview for the stock of Dolphin Offshore Enterprises (India) is to buy at current levels. Since March 2016 the stock has been on a sideways consolidation phase in the broad range between 80 and 112. In early November, the stock tested the lower boundary at 80 and bounced back. Since then, it has been on a short-term uptrend. In last week, the stock is going around 13 percent and has decisively moved out of the sideways consolidation phase. It trades well above its 50 and 200-day moving averages. There is an increase in daily volume over the last five trading session. The daily relative strength index is featuring in the bullish zone and the weekly RSI has entered this zone from the neutral region. Moreover, buying interest is seen as the daily as well as weekly price rate of change indicators are featuring in the positive territory. The short-term outlook is bullish. Targets are 144 and 155. Traders can buy the stock with a stop-loss at 115. 3. Deepak Fertilizers and Petrochemicals Corporation Limited stock of Deepak Fertilizers & Petrochemicals Corporation surged around 10 per cent, breaking through a key immediate resistance at 195 with an above average volume in last week. Since taking long-term support in the band between 110 and 120 in June 2015, the stock has been on an uptrend. Both the intermediate as well as medium-term trends are up for the stock. In late November the stock took support at its long-term base level of 175 — which is also the 200-DMA support level and resumed its uptrend. The stock has been on a near-term uptrend since then. The daily relative strength index has entered the bullish zone from the neutral region. Also, there has been an increase in daily volume over the past three trading sessions. The short-term outlook is bullish. Traders with a short-term perspective can buy the stock with stop-loss at 190. The short-term price targets are 216 and 225.
  • 3. 4. MARUTI SUZUKI INDIA LIMITED In daily chart, MARUTI yesterday closes green; its overall trend is bullish. Last trading session it gives moment of 0.30% and price closed at 5188. There is a consolidation seen in charts with the range of 5120-5220 But in daily chart resistance of 5310 if it break this level then it will further breach to the level of 5380. Below the level of 5000 there is a support, if it breaks this support it can breaches to the level of 4810. Investor can take long position above 5120, and can breach upto the level of 5350 and the risk part can be taken at below the level of 4790. Maruti Suzuki India Ltd (MSIL) on Friday signed a memorandum of understanding (MoU) with Ola, the online cab aggregator, to train aspiring drivers-partners. According to the MoU, Maruti Suzuki would help the individuals/ Ola partner-drivers obtain commercial licences and also assist in availing of vehicle financing to purchase their own cars on completion of their courses. 5. RELIANCE INFRASTRUCTURE Reliance Infrastructure yesterday it was traded mixed movement due to fundamental reasons in the market. But in daily chart, there is breakout of trend line support to the sell side and as closed the support of 487 and yesterday it closed at 488.30. We suggest that investors would be short their position and can put the target of 475-478 with the risk of 495. Reliance Infrastructure InvIT Fund (RInfra InvIT) has filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The proposed issue size is Rs 3,000 crore with an option to retain over-subscription upto 25 percent. It is the government's initiative to promote alternative means for long-term infrastructure financing.
  • 4. DISCLAIMER Entering our site means that you have read, understood and agreed to everything that is written and implied in this disclaimer note. RESEARCH is published solely for informational purposes and must in no way be construed as investment advice for a specific individual. The information and views in this website & all the services we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Investment in equity shares, futures, options and commodities has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred due to it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above. The information contained herein is from sources believed reliable. We do not represent that it is accurate, complete and it should not be relied upon as such. Any action taken by you on the basis of the information contained in this site is your responsibility only and we will not be liable in any manner for the consequences of such action taken by you. Our Clients (Paid or Unpaid), any third party or anyone else have no rights to forward or share our calls or SMS or Reports or any other information provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. By accessing our site or any of its associate/group sites, you have read, understood and agree to be legally bound by the terms of the following disclaimer and user agreement Star India Market Research and its owners/affiliates are not liable for damages caused by any performance, failure of performance, error, omission, interruption, deletion, defect, delay in transmission or operations, computer virus, communications line failure, and unauthorized access to the personal accounts. Research House is not responsible for any technical failure or malfunction of the software or delays of any kind. We are also not responsible for non-receipt of registration details or e-mails. You understand and agree that no joint venture, partnership, employment or agency relationship exists between you and Research House as a result of this agreement or on account of use of our website. Price and availability of products and services offered on the site are subject to change without prior notice. We provide information about the availability of products or services to a certain extent but you should not rely on such information. Star India will not be liable for any lack of availability of products and services you may order through the site. www.starindiaresearch.com