1
2

Nifty (CMP: 10331)
After 4 weeks of consecutive fall, Nifty rose for 2 weeks & maintained above the critical mark of 200 DMA Friday.
However, for the new found strength to survive, Nifty now must not close below 10120 regions next week. The confirmation of strength will come once the index manages to close above the 50 DMA of 10460 regions.
Going forward, we expect the volatility is likely to continue & the Midcap stocks are poised to outperform their large cap peers.

1
2

Jubilant Food (CMP: 2430)
This is an exceptionally strong upward trending stock, made new life high Friday. The nature of the trend is very steady & hence reliable. Buy on decline with stoploss at 2300.

1
2

Lakashmi Machine (CMP: 7616)
The chart of Lakshmi Machine is very similar to in terms of steadiness. This stock, in fact was kept in a sidewise choppy mode for the 6 month’s period from September 2017 till February 2018. The subsequent breakout above 7000 odd level hence adds credibility to the primary uptrend. We advise to buy Lakshmi Machine on pull back with stoploss at 6500.

1
2

Britannia (CMP: 5178)
FMCG sector, barring a few stocks, are in general relatively insulated from large scale supply & Britannia in fact is a super achiever in this sector. The stock keeps making new life high almost in regular interval & the primary uptrend is pretty obvious from the chart itself. Buy on decline with stop loss at 5000 levels, however, the primary uptrend will continue as long as it keeps above 4800 odd levels.

1
2

(Sell) Idea Cellular (CMP: 74.95)
Telecom sector is facing the brunt of the bears & Bharti Airtel, Idea is exceptionally weak. We recommend selling Idea on rise to 78 regions with stop loss at 81 & target 71.



New User?Register Now
×

Research Disclaimer

Proficient Equities Pvt. Ltd. is engaged in services of retail broking and shares research data and reports periodically with clients, investors, stakeholders and general public in compliance with SEBI Act, 1992, SEBI (Research Analysts) Regulations, 2014 and/or any other applicable directives, instructions or guidelines issued by the Regulators from time to time.

Proficient Equities Pvt. Ltd. (hereinafter referred to as “Proficient”) is a registered Member of NSE Limited, BSE Limited, MSEI Limited and its associate is member of MCX and NCDEX stock Exchange. It is also registered as a Depository Participant with CDSL.

Our research report is for your general information only and reproducing, re-circulating, publishing it in any media,website, in partial form or as a whole, without the express consent of Proficient Equities Pvt. Ltd. is prohibited. The
report is meant solely for use by the original recipient to whom it is sent. It does not take into account the particular investment objectives, financial situations, or needs of individual clients. The recommendations, if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice/offer for the purpose of purchase or sale of any securities mentioned herein. Investor should rely on information/data arising out of their own investigations. Investors are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any investments.

Proficient or its associates including its relatives/analyst do not hold any financial interest/beneficial ownership of more than 1% in the company covered by Analyst. Proficient or its associates/ relatives neither has been debarred/suspended by SEBI or any other regulatory authority/exchange for accessing/ dealing in securities Market nor have any material conflict of interest. Proficient or its associates/ analyst have neither received any compensation from the company covered by Analyst during the past twelve months nor any subject company have been a client of Proficient during the past twelve months. Proficient or its associates has not received any compensation or other benefits from the company covered by analyst or third party in connection with the research report. The Analyst has not served as an officer, director or employee of company covered by Analyst and Proficient has not been engaged in market making activity of the company covered by Analyst.

The views expressed are based solely on information available publicly available/internal data/ other reliable sources believed to be true.Proficient does not represent/ provide any warranty express or implied to the accuracy, contents or views expressed herein and investors are advised to independently evaluate the market conditions/risks involved before making any investment decision.

SEBI Research Analyst Reg. No. INH 300002498
Proficient Equities Pvt. Ltd.
×