daily research reports

Disclosures and Disclaimer : This report must be read with the disclosures in the Disclosure appendix, and with the Disclaimer, which forms part of it. This document does not contain any investment views or opinions.

Daily Research Reports

A very bizarre rally quite likely which should take Nifty to its next goal post at 18257 mark —— thanks to strong October GST collection, a possible breakthrough COVID-19 treatment by vaccine leader Pfizer, a low interest rates environment backdrop as the Fed which has kept its benchmark interest rate near zero.

Long story short: It's likely to be all roses.

Nifty Outlook

Intraday

Medium Term

Long Term

Key Levels to Watch

Nifty Support

Nifty Resistance

Pivot Level

Nifty

Outlook for the Day

INDICES

Nifty

Bank Nifty

Nifty Auto Index

Nifty FMCG Index

Nifty Infra Index

Nifty IT Index

Nifty Media Index

Nifty Midcap Index

Nifty Metal Index

Nifty Pharma Index

Nifty Reality Index

Nifty Smallcap Index

Sensex

SGX Nifty

Wealth Visionaries www.kslindia.com

Morning�KSL

Good Morning & Welcome to Monday’s trading session dated

8th of November 2021.

Honestly speaking, the era of ultra-easy policy is in its twilight phase,

but this is hardly a return to high interest rates.

Well, we say so because of Federal Reserve's dovish take on rates

and stronger-than-expected October jobs gains.

Expect investors at Dalal Street to add risk in the wake of the U.S Bureau for

Labor Statistics that said 531,000 new jobs were created last month, with

headline unemployment rate falling to a post-pandemic low of 4.6%. The

October tally was firmly ahead of the Street consensus forecast of 450,000

and the strongest in several months.

Amidst this backdrop, for the week ended, Dow was up 1.42%, S&P 500 was

up 2% and Nasdaq ended 3.05% higher!

In early action too, SGX Nifty is scaling fresh gains —— as we are seeing some

shift towards risk-on theme as bullish traders will eye opportunities, and the

bullishness comes backdrop of reports of GST collection in October

that rose to Rs 1.3 trillion, which is 24% higher than in the same period a

year ago, and 36% more than the collection in the pre-Covid year of 2019-20.

The positive takeaway is that this is the second highest collection since the

introduction of new indirect regime in 2017. All time high collection figure was

over Rs 1.40 trillion in April this year.

Long story short: The GST collections are quite heartening and clearly

indicates economic recovery. The GST collections are likely to rise further on

backdrop of ongoing festive season and progress in business activity.

On the flip side, capping any excessive upside is the fact that the street

suspects inflation perhaps likely to be stickier than anticipated (spiking

Crude-oil prices) and potentially higher rates on the horizon.

There is a big possibility that amidst this two probable black swan

—— traders will prefer to lighten leveraged long positions and

probably turn net-sellers.

Also, blame the dent in sentiments to relentless selling by the FIIs camp ——

Please note, FIIs net sold shares worth Rs. 25,572 crores for the month of

October.

Here is our preferred strategy:

# Nifty (17917): Buy at CMP. Stop 17679. Targets 18257/18607.

Aggressive targets at 19001 mark.

17917 0.49%

39574 0.44%

11570 1.48%

38710 0.89%

5186 0.55%

35334 0.45%

2335 1.47%

8789 0.72%

5698 0.04%

13948 0.43%

548 0.24%

11040 1.30%

60068 0.49%

17968 0.15%

Positive session likely.

Neutral (17857-18107)

Positive (17257-19001)

Positive (15251-19251)

17759/17613

18257/18607

18371

Monday08th November, 2021

Technical Strategy

Morning�KSL


# Bank Nifty (39574): Buy above 40161. Stop 38459. Targets

40571/41829. Aggressive targets at 42501.

Outlook for Monday: Nifty likely to move towards

18200-8300 zone.

TOP SECTORS:

# Bullish View: PSU BANKS, REALITY, IT.

# Bearish view: METAL, PHARMA.

STOCKS IN FOCUS:

# BULLISH VIEW: EASY TRIP PLANNERS, GDL, ALL-CARGO LOGISTICS,

ORIENT CEMENT, ICICI BANK, MARUTI, BANK OF BARODA, CANARA BANK,

INDUSIND BANK, NIPPION LIFE, SBI, IDFC FIRST BANK, DLF.

# BEARISH VIEW: AUROBINDO PHARMA, L&T FINANCIAL, GRANULES,

CADILA, JINDAL STEEL & POWER, JSW STEEL, SRF, STAR.

# Our chart of the day is bullish on stocks like Polyplex Corporation, Orient

Cement, Maruti Suzuki, Gateway Distriparks Ltd. (GDL) and Easy Trip

Planners with inter-month perspective.

The 1 Stock to Buy Right Now:

BUY GATEWAY DISTRIPARKS (GDL).

At CMP 299 and ADD on Dips 245-260 zone.

Stop Loss on closing basis – 197.

Targets – 325/407/551.

Holding Period: Up to 180 Days.

Predominantly Delivery Trades. Allocation: 7%

*Q2 earnings to trickle in this week:*

Wednesday, Nov 3rd: EICHERMOT, SBIN, PFIZER, BATAINDIA,

MUTHOOTFIN, .

Friday, Nov 5th: SUNTV.

Saturday, Nov 6th: DIVISLABS.

WHAT TECHNICAL TELLS US ON NIFTY/SENSEX:

Incorporated in the year 2008, Easy Trip Planners (ETP)

operates online travel portal (EaseMyTrip) focusing on the B2B2C

distribution channel and providing travel agents access to its

website to book domestic travel airline tickets in order to cater to the

offline travel market in India.

# The biggest positive catalyst is driven by a rebound in travel

sentiment.

# The strength of ETP has increased significantly over the years.

GoAir, and SpiceJet have recognized ETP as amongst the top

travel partners in terms of revenue and passenger count.

# Online travel market in India is set to double over the next five

years to reach $31 billion in FY25E, growing at 14% CAGR from

FY20 levels

# Registered customer has increased at a CAGR of 21% in the past

three years, i.e. from 58.7 lakh customers in FY18 to 1.04 crore

in FY21

# As of FY20, airline tickets accounted for 94.0% of revenues

while hotels and other services contributed 5.4% and 0.6% of

revenues, respectively.

# Consistent track record of financial and operational

performance. No equity infusion subsequent to the original

incorporation requirements, and most importantly, ETP has

historically financed its working capital requirements and the

expansion of the business and operations primarily through

funds generated from its operations and debt financing. ETP is a

zero debt, cash rich company (Total | 228 crore as of FY21) as

this business requires minimal capex for growth

# The thirteen-year-old OTA which has been profitable since its

inception went public with a Rs 510 crore initial public offer in

March at a listing price of Rs 187.

# EMT is known to run a tight ship with low employee and

marketing costs and high level of automation. In FY 2021 the

company reported a net profit of Rs 61.4 crore as against Rs 33

crore a year earlier. In the first quarter FY 2022 which was

impacted by the second wave of pandemic it posted a net profit

of Rs 15.4 crore. Profit grew six times on a year on year basis due

to higher margins and commissions.

# In-house advanced technology and analytics capabilities.

# Wide distribution network supported by a hybrid platform.

# Experienced management team with an established track

record.

# On its international foray, Easy Trip Planners will launch localized

search engines in the Philippines, Thailand and the US.

Technical Outlook: ETP has been amongst the top performers

amongst the listed travel companies with a 200% rise in its stock

price in the past five months.

Preferred Strategy: Establish long positions at CMP, targeting

621 and then aggressive targets at magical 777 mark.

EASY TRIP PLANNERS 555

Action BUY

Target 721

Support 489/375

Resistance 621/901

Holding Period 60-90 days


Morning�KSL

Daily chart of Nifty:

# Technically speaking, the landscape will turn bullish only if Nifty successfully surpasses the 18257 levels. So, only a

convincing breakthrough above 18257 should lead to a subsequent zap higher to 18607 mark.

We suspect, bulls are likely to be in total control with targets at 18253 and then at 18607 mark.

Please note, Nifty’s 200 day EMA is still at 15825 mark.

The gyan mantra is to trade selectively on the buy side.

# Bank Nifty: Bank Nifty was seen consolidating in last week’s trade. More corrective declines on cards only below 38426

which could take the index to 37456 mark.

DERIVATIVE & INSTITUTIONAL CUES:

# India VIX, which measures the expected volatility in the market, fell by 9.54% in last week’s trade to

15.75.

# The Put-Call Open Interest Ratio is at 1.14 for Nifty.

# The Nifty options data for November series suggests Nifty is likely to be in a trading range of 17500-18500 zone.

Maximum Call OI is at 18000 followed by 18300 strike price. So, the 18500 mark will be Nifty’s crucial resistance zone.

Maximum Put open interest stands at 17000 levels followed by 17500 levels. Call writing was seen at 18300 and then at 18400

strike price, while there was meaningful Put writing at 17000 and then at 17700 strike prices.

# Stock banned in F&O segment: ESCORTS, PNB.

IPO Note & LISTING:

There are thirteen companies that are in queue for approvals from the capital markets regulator (SEBI) for their IPOs (initial

public offering), which could result in over Rs 13,000 worth of inflows into the primary market. Reports suggests, some of the

companies that could soon come with the public issues are: Go Airlines, Pradeep Phosphates, and Fincare Small Finance Bank.


Morning�KSL

This week the primary market will likely to be busy as three companies will raise in total nearly Rs 21,000 crore: The 3-firms

are:

Parent One97 Communications will open Rs 18,300-crore Paytm IPO, the largest-ever IPO in history, between November 8

and November 10. Before this, state-run coal mining company Coal India had mopped up Rs 15,475 crore via IPO in October

2010. The price band for the offer has been fixed at Rs 2,080-2,150 per share.

KFC and Pizza Hut operator Sapphire Foods will launch its Rs 2,073-crore IPO on November 9. The price band for the offer,

which will close on November 11, has been fixed at Rs 1,120 to Rs 1,180 per share.

Data analytics services Latent View Analytics will be the third public issue which will open for subscription during November

10-November 12, with a price band of Rs 190-197 per equity share. The company plans to mobilise Rs 600-crore via public

offer.

Falguni Nayar-owned FSN E-Commerce Ventures, the operator of Nykaa and Nykaa Fashion chain is expected to make its

debut on the BSE as well as NSE on November 11. The Rs 5,351.92-crore IPO was subscribed 81.78 times during October 28-

November 1 and was trading at a price of Rs 1,775 in the grey market, a premium of Rs 650 or 58 percent over expected final

issue price of Rs 1,125 per share, the IPO Watch and IPO data showed.

Fintech company Fino Payments Bank is also likely to list its equity shares next week, on November 12 after the Rs 1,200-crore

issue being subscribed 2.03 times during October 29-November 2, 2021.

The share allotment of both IPOs will get finalised in the first half of the next week.

Also, Policybazaar (owned by PB Fintech), Sigachi Industries and SJS Enterprises will finalise their share allotment next week,

after closing IPOs on November 3.

ECONOMIC CUES:

Meanwhile, amongst key economic indicators to watch out for would be economic data including inflation for the month of

October and industrial output data for September, which will be important ahead of RBI monetary policy meeting in December

2021.

Retail inflation in September fell to five-month low at 4.35 percent against 5.3 percent in previous month, which is still in the

RBI's target range of 4 percent (+/-2 percent). India's industrial production in August increased by 11.9 percent as per the

data by National Statistical Office.

GLOBAL STOCK MARKETS:

U.S. stocks hit fresh record highs again in Friday’s trade, with the Nasdaq passing the 16,000-point mark for the first time ever,

as investors were seen adding risk in the wake of the Federal Reserve's dovish take on rates and stronger-than-expected

October jobs gains.

The Bureau for Labor Statistics said 531,000 new jobs were created last month, with headline unemployment rate falling to a

post-pandemic low of 4.6%. The October tally was firmly ahead of the Street consensus forecast of 450,000 and the strongest

in several months.

Amidst this backdrop, for the week ended, Dow was up 1.42%, S&P 500 was up 2% and Nasdaq ended 3.05% higher!


Morning�KSL

RECAP OF PREVIOUS DAY’S TRADING SESSION:

It panned out to a frustrating day for the bulls. The negative takeaway was that Nifty stepped back after a positive start ——

unable to even float above the dotted lines despite positive overnight leads from Wall Street.

The two-big catalysts:

1. The US Federal Reserve decision this evening on the tapering of its $120 billion in monthly bond purchases.

2. The US Nonfarm Payrolls (NFP) release this Friday.

Bottom-line: Well, a dovish Fed outcome and weaker US jobs could see Nifty galloping to 19000 mark, while a hawkish

outcome and strong jobs data could see Nifty tanking to support around 16907 mark.

The key highlights of yesterday’s trade:

# Nifty ends in red for 2nd day in a row.

# SBI Q2 profit jumps 67% to Rs 7,627 crore with easing asset quality pressure.

# Mid-cap & Small-cap indices trade lackluster, down 038% & 0.68% respectively.

# Nifty Pvt Banks & Nifty Auto indices, down 1.88% & 1% respectively.

# Nifty Reality and Metal indices gain 1.84% and 0.96% respectively.

# Top Index Gainers: LT (+3.24%) ASIAN PAINTS (+2.43%) HINDALCO (+2.32%).

# Top Index Losers: SUNPHARMA (-3%) INDUSINDBK (-2.7%) BHARTIAIRTEL (-2%).

R2STOCKS LTP S1 S2 R1 TRADING STRATEGYBIAS


TOP�PICKS�(F�&�O)�It's�like�having�investment�binoculars�!

Buy at CMP. Stop 96. Targets 111/117.50. Aggressive targets at 127.50. Breakout Play. (Intermonth Strategy).

Buy between 423-427 zone. Stop 405. Targets 451/473. Aggressive targets at 507. Breakout Play above 451. (Interweek Strategy).

Buy at CMP. Stop 123. Targets 141/153. Aggressive targets at 175. Confirmation of strength above 141. Momentum play. (Intermonth Strategy).

Buy at CMP. Stop 1587. Targets 5251/5549. Aggressive targets at 5751. Biggest support at 1563.. (Interweek Strategy).

Buy at CMP. Stop 503. Targets 553/567. Aggressive targets at 601. Breakout Play. (Intermonth Strategy).

DLF: The technicals are aggressively bullish. Key hurdles at 451 mark.

BANK OF BARODA 103 97.5 93 111 127.5 Positive

DLF 431 417 388 451 507 Positive

INDIAN OIL (IOC) 135 124 116 141 175 Positive

LTTS 5012 4755 4589 5549 5751 Positive

STATE BANK OF 530 509 489 553 601 Positive INDIA (SBI)

Derivatives StrategiesChanges in Open Interest (OI) in yesterday’s trade.

Nifty Spot

VIX

Premium

Nifty Future OI

Cash Volumes (INR in Cr.)

Yesterday Day Before Yesterday

Derivatives Vol.(INR in Cr.)

No of contracts

Turnover (Rs. In cr.)

BSE Cash Vol. (Rs. in Cr)

NSE Cash Vol.(Rs. in Cr)

NSE Derivative Vol. (Rs. in Cr)

Index Future Volumes

Stock Future Volumes

Index Option Volumes

Stock Option Volumes

Total

Major Changes in Nifty Options (OI)

Bank Nifty Spot

Bank Nifty Future OI


EQUITY�DERIVATIVESLooking�into�the�future�from�present.

Future Call: BUY BHARTIARTL NOVEMBER FUTURES at CMP 704.

Targets at 713 and then at 721. Stop: 697. Holding Period:

Intraday. Analyst’s Remark: Rebound Play (BHARTIARTL

NOVEMBER Futures CMP 704)

Option Call: SELL NIFTY 11th NOVEMBER CE Strike Price 17900 at

CMP 130.05. Maximum Profit: 6502.50. Loss: Unlimited. Stop: Exit

Call Option if NIFTY moves above 18175. (NIFTY NOVEMBER

Futures CMP 17925).

17916.80 (+0.49%)

39573.70 (+0.44%)

15.7475 (-2.34%)

+08

1.03 crores (+0.93%)

21.27 lakhs (+3.61%)

1085.25 3946.83

11,552.24 63,159.54

7,60,144 -

57,147 5,373

1,28,267 10,200

75,03,655 7,16,986

3,27,994 27,586

80,17,063 7,60,144

Calls in lakhs (% Change)

18300 25.2 (+81%)

18400 19.23 (75%)

18500 23.59 (+27%)

Puts in lakhs (% Change)

17700 17.29 (+122%)

17800 17.61 (+58%)

17900 15.13 (+81%)


Market Summary:

• Nifty November Futures ended Thursday’s session at a premium of

+08.

• The 11th November expiry Put-Call Open Interest Ratio was at 1.14

for Nifty whereas it was 0.89 for Bank Nifty.

• The 11th November expiry Put-Call Volume Ratio was at 0.94 for the

Nifty and 0.73 for Bank Nifty.

• For Nifty, Maximum Call Open Interest (OI) stands at 18000 Strike

Price, followed by 18300 Strike Price for 11th November Series.

Short covering was seen at strike prices 17600-17800.

• Maximum Put Open Interest (OI) was seen at strike price 17000

followed by 17500 strike prices for 11th November series. Short

buildup was seen at strike prices 17000-18100.

• For Bank Nifty, Maximum Call Open Interest (OI) stands at 40000

Strike Price and Maximum Put Open Interest stands at 39000 Strike

Price.

• As per Thursday’s provisional data available on the NSE, FIIs sold

shares worth Rs. 328.11 crores in the Indian Equity Market. DIIs on

the other hand bought shares worth Rs. 38.25 crores in the Indian

Equity market.

• Long Buildup: BHARTIARTL, HDFCBANK, M&M.

• Short Buildup: ICICIBANK.

• Short Covering: CANBK, SRTRANSFIN, ESCORTS, L&T.

• Long Unwinding: JSWSTEEL, COFORGE.•

• Stocks banned in F&O segment: ESCORTS, PNB.

• New in Ban: NIL.

• Out of Ban: NIL.


All level indicated above are based on cash market prices.

Pivot Point

PP : Pivot Point : This is trigger point for weekly buy/sell based on the price range of the previous week.R1 : Resistance one : 1st Resistance over PP. R2 : Resistance two : 2nd Resistance over R1.S1 : Support one : 1st support after PP. S2 : Support Two : 2nd support after S1.

As per the tool, the trader should take BUY position just above PP and keep the stop loss of PP and the first target would be R1.If R1 is crossed then R2 becomes the next target with the stop loss at R1.

Similarly if price goes below PP the trader should SELL and keep the PP as Stop loss and the first target would be S1.

If S1 is crossed then S2 becomes the next target with the stop loss at S1.This is a trading tool. The key to use of this tool is the use of STOP LOSS.

Stock CMP Support Resistance 21 DMA 200 DMA Intraday Short Term Long Term

DAILY�PIVOT�TABLE Monday08th November, 2021

NIFTY 17917 17558 18275 18044 15841 DOWN DOWN UP

BANKNIFTY 39574 38782 40365 39407 35284 DOWN DOWN UP

NIFTYIT 35334 34628 36041 35514 29372 DOWN DOWN UP

NIFTYMETAL 5698 5584 5812 5786 4896 DOWN DOWN UP

0 0

AARTIIND 959 939 978 1039 821

ABFRL 290 281 298 263 205 UP UP UP

ACC 2431 2383 2480 2284 2052 UP UP DOWN

ADANIENT 1489 1460 1519 1530 1249 DOWN DOWN UP

ADANIPORTS 714 699 728 745 714 DOWN DOWN DOWN

ALKEM 3648 3575 3721 3798 3246

AMARAJABAT 703 689 717 720 792 DOWN DOWN DOWN

AMBUJACEM 413 405 421 397 345 UP UP DOWN

APOLLOHOSP 4439 4350 4527 4301 3620 DOWN UP DOWN

APOLLOTYRE 223 216 229 227 224 DOWN DOWN UP

ASHOKLEY 145 141 149 141 125

ASIANPAINT 3159 3096 3222 3162 2852 DOWN UP DOWN

ASTRAL 2258 2213 2303 2233 1862 UP DOWN UP

AUBANK 1224 1199 1248 1213 1121 UP UP UP

AUROPHARMA 690 676 704 706 875 DOWN DOWN DOWN

AXISBANK 753 738 768 788 741

BAJAJ-AUTO 3759 3684 3835 3819 3892 DOWN DOWN UP

BAJAJFINSV 17594 17242 17946 18063 12797 UP DOWN UP

BAJFINANCE 7525 7375 7676 7680 6107 DOWN DOWN UP

BALKRISIND 2437 2389 2486 2521 2091 DOWN DOWN UP

BANDHANBNK 300 291 308 314 316

BANKBARODA 103 100 106 94 80 UP UP UP

BATAINDIA 2043 2002 2084 2018 1615 UP DOWN UP

BEL 202 196 208 205 163 UP DOWN UP

BERGEPAINT 763 748 778 783 783

BHARATFORG 781 766 797 778 700 UP DOWN DOWN

BHARTIARTL 701 687 715 694 579 UP UP UP

BHEL 72 69 74 70 57 UP DOWN UP

BIOCON 349 338 359 346 386

BPCL 420 411 428 440 445 DOWN DOWN

BRITANNIA 3653 3580 3726 3763 3633 DOWN DOWN DOWN

CADILAHC 492 482 502 520 544 DOWN DOWN DOWN

CANBK 229 222 236 198 157 UP UP UP

CANFINHOME 649 636 662 669 557 UP DOWN UP

CHOLAFIN 615 603 627 596 537 UP UP UP

CIPLA 911 892 929 909 900 DOWN DOWN UP

COALINDIA 171 166 176 180 148 DOWN DOWN UP

COFORGE 5081 4980 5183 5309 3917 DOWN DOWN DOWN

COLPAL 1522 1491 1552 1603 1633 DOWN DOWN DOWN

COROMANDEL 781 765 796 826 811 DOWN DOWN UP

DABUR 613 600 625 602 569 DOWN UP DOWN

DEEPAKNTR 2294 2248 2340 2582 1857 DOWN DOWN DOWN

DIVISLAB 5208 5104 5312 5163 4322 UP DOWN UP

DIXON 5591 5479 5702 5292 4163 DOWN UP UP

DLF 431 422 439 418 317 UP UP UP

DRREDDY 4766 4671 4861 4782 4919 DOWN UP DOWN

ESCORTS 1528 1498 1559 1512 1295 UP UP UP

GODREJCP 972 952 991 995 873 DOWN UP DOWN

GODREJPROP 2430 2381 2478 2371 1576 UP DOWN UP

GRASIM 1792 1756 1827 1707 1447 UP UP UP

HAL 1340 1313 1367 1359 1114 DOWN DOWN DOWN

HAVELLS 1294 1269 1320 1344 1151 DOWN DOWN DOWN

HCLTECH 1183 1159 1207 1219 1041 DOWN DOWN DOWN

HDFC 2900 2842 2958 2834 2619 UP UP UP

HDFCAMC 2655 2602 2708 2799 2953 DOWN DOWN DOWN

HDFCBANK 1594 1562 1626 1635 1517 DOWN DOWN UP

HDFCLIFE 696 682 710 699 694 DOWN DOWN UP

HEROMOTOCO 2678 2624 2731 2776 2974 DOWN DOWN DOWN

HINDALCO 473 463 482 488 389 DOWN DOWN UP

HINDPETRO 322 312 332 321 266 DOWN DOWN UP

HINDUNILVR 2423 2374 2471 2520 2429 DOWN DOWN DOWN

ICICIBANK 782 766 798 761 651 UP DOWN UP

ICICIGI 1529 1498 1559 1516 1494 DOWN UP UP

IDEA 10 10 10 10 10 DOWN DOWN UP

IDFCFIRSTB 51 49 53 50 53 UP DOWN UP

IEX 737 722 752 743 425 DOWN DOWN UP

IGL 481 471 491 493 528 DOWN DOWN DOWN

INDHOTEL 215 209 222 209 141 UP DOWN UP

INDIGO 2171 2128 2214 2050 1763 UP UP UP

INDUSINDBK 1189 1165 1213 1182 1019 UP UP UP

INFY 1709 1675 1743 1719 1499 UP DOWN UP

IRCTC 822 806 839 922 486 DOWN DOWN DOWN

ITC 227 220 233 237 215 DOWN DOWN DOWN

JINDALSTEL 423 415 432 427 383 UP DOWN UP

JSWSTEEL 679 665 692 679 615 UP DOWN DOWN

JUBLFOOD 3776 3700 3851 3953 3312 DOWN DOWN DOWN

KOTAKBANK 2057 2016 2098 2055 1836 UP DOWN UP

LICHSGFIN 427 418 435 429 433 DOWN UP UP

LT 1909 1871 1947 1786 1542 UP UP UP

LUPIN 934 916 953 937 1063 DOWN UP DOWN

M&M 873 855 890 888 808 UP DOWN UP

MANAPPURAM 208 202 214 198 171 UP DOWN UP

MARICO 558 547 569 568 486 UP DOWN UP

MARUTI 7747 7592 7902 7526 7158 UP UP UP

MCDOWELL-N 976 957 996 895 655 UP UP UP

METROPOLIS 3047 2986 3107 2858 2547 UP UP DOWN

MGL 1013 993 1034 1034 1130 DOWN DOWN DOWN

MINDTREE 4666 4572 4759 4526 2727 UP DOWN UP

MOTHERSUMI 230 223 237 233 220 DOWN DOWN UP

MPHASIS 3317 3250 3383 3277 2249 UP DOWN UP

NAM-INDIA 425 417 434 439 375 UP DOWN UP

NATIONALUM 100 97 103 103 74 DOWN DOWN UP

NAUKRI 6114 5992 6237 6471 5298 DOWN DOWN DOWN

NAVINFLUOR 3440 3371 3509 3629 3302 DOWN DOWN DOWN

NESTLEIND 18889 18511 19267 19091 17914 DOWN DOWN UP

NMDC 142 138 147 146 152 DOWN DOWN DOWN

OFSS 4427 4339 4516 4610 3848 DOWN DOWN UP

PAGEIND 39262 38477 40048 37551 31187 UP DOWN UP

PEL 2748 2693 2803 2718 2151 UP UP UP

PFC 137 133 141 140 126 DOWN DOWN UP

PFIZER 5008 4907 5108 5262 5264 DOWN DOWN DOWN

PIDILITIND 2408 2360 2456 2397 2066 DOWN UP DOWN

PIIND 2768 2712 2823 3094 2755 DOWN DOWN DOWN

PNB 42 40 43 43 39 UP DOWN UP

POLYCAB 2392 2345 2440 2383 1775 DOWN DOWN UP

PVR 1764 1729 1799 1703 1395 UP UP UP

RAMCOCEM 1087 1065 1108 1013 992 UP UP UP

RBLBANK 204 197 210 196 206 DOWN UP UP

RECLTD 153 149 158 155 146 DOWN DOWN UP

RELIANCE 2499 2449 2549 2617 2167 DOWN DOWN UP

SAIL 123 120 127 119 107 UP UP UP

SBILIFE 1182 1158 1205 1180 1023 DOWN DOWN UP

SBIN 530 520 541 497 407 UP UP UP

SHREECEM 29047 28466 29628 28103 27961 UP UP DOWN

SIEMENS 2306 2260 2352 2228 2000 UP UP UP

SRF 2099 2057 2141 2221 1487 DOWN DOWN DOWN

SUNPHARMA 795 780 811 817 694 UP DOWN UP

SUNTV 608 595 620 558 515 UP UP UP

SYNGENE 553 542 564 584 591 DOWN DOWN DOWN

TATACHEM 904 886 922 981 764 DOWN DOWN DOWN

TATACONSUM 827 811 844 822 720 DOWN UP DOWN

TATAMOTORS 490 480 499 467 327 UP UP UP

TATAPOWER 231 224 238 216 124 UP DOWN UP

TATASTEEL 1326 1299 1352 1328 1092 DOWN DOWN DOWN

TCS 3509 3438 3579 3591 3323 DOWN DOWN DOWN

TECHM 1506 1476 1536 1483 1152 UP DOWN UP

TITAN 2432 2383 2480 2423 1746 UP DOWN UP

TORNTPHARM 2819 2763 2876 2987 2812 DOWN DOWN DOWN

TORNTPOWER 516 505 526 508 437 UP UP UP

TRENT 1094 1072 1116 1080 868 DOWN UP UP

TVSMOTOR 709 695 723 612 587 UP UP UP

UBL 1675 1642 1709 1667 1373 UP DOWN UP

ULTRACEMCO 7881 7723 8038 7403 6893 UP UP DOWN

UPL 738 723 752 730 703 DOWN UP DOWN

VEDL 312 303 322 320 260 DOWN DOWN UP

VOLTAS 1220 1196 1244 1243 1054 DOWN UP DOWN

WIPRO 654 641 667 670 539 DOWN DOWN UP

ZEEL 310 301 319 308 222 UP DOWN UP

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DAILY�PIVOT�TABLE

Stock CMP Support Resistance 21 DMA 200 DMA Intraday Short Term Long Term


ALUMINIUM 1 209 203 216 234 199 DOWN DOWN DOWN

CARDAMOM 1 1505 1475 1535 1478 2690 DOWN UP DOWN

CASTOR 1 6494 6364 6624 6346 5278 UP UP UP

CHANA 1 5240 5135 5345 5109 5002 UP UP UP

COPPER 1 738 723 753 757 718 DOWN DOWN UP

COTTON 1 33080 32418 33742 31459 24589 UP UP UP

CRUDEOIL 1 6193 6069 6317 6168 5047 UP DOWN UP

GOLD 1 47553 46602 48504 47526 47086 UP DOWN UP

GUARGUM5 1 12192 11948 12436 11705 7454 UP DOWN UP

GUARSEED10 1 6684 6550 6818 6436 4620 UP DOWN UP

JEERAUNJHA 1 15360 15053 15667 14818 13865 UP UP UP

LEAD 1 187 181 193 186 175 UP DOWN DOWN

MENTHAOIL 1 940 921 958 939 959 DOWN DOWN UP

NATURALGAS 1 431 422 439 414 273 UP DOWN UP

NICKEL 1 1484 1454 1514 1524 1364 UP DOWN UP

RMSEED 1 8204 8040 8368 8367 7090 DOWN DOWN UP

RUBBER 1 17976 17616 18336 17229 16394 UP UP UP

SILVER 1 64120 62838 65402 63831 66777 UP DOWN UP

SYBEANIDR 1 5453 5344 5562 5438 6756 DOWN UP DOWN

ZINC 1 276 268 285 285 241 DOWN DOWN UP

Instrument TRADING STRATEGYLTP S1 S2 R1 R2 Bias

MCX GOLD

MCX SILVER

MCX CRUDE OIL

MCX COPPER

MCX NATURAL GAS

USD-INR


The�Compass��…Direction�at�a�glance

Gold likely to zoom towards 48619 mark. key support for Gold now seen at 47159 mark. Intraday Strategy: Buy at CMP, targeting 48129/48619/49249. Strict Stop at 47359.

Confirmation of weakness now only below 63001 mark. Intraday Strategy: Buy at CMP, targeting 66731/67957/69153. Strict Stop at 62911.

Oil prices remained subdued in Friday's trade. Key support seen at 5727-5887 zone. Confirmation of strength only above 6227. Intraday Strategy: Buy between 5900-5950 zone, targeting 6227/6451//6551 mark. Strict Stop at 5701.

Copper prices were seen trading sluggish in last week's trade. Major intraday hurdles now at 7657 mark. Intraday strategy: Sell at CMP. Targets 723/707. Strict stop at 763.

MCX Natural Gas prices drifted lower in Friday's trade amidst overbought conditions. Key support seen at 389. Intraday Strategy: Sell between 423-427.50 zone, targeting 389/371 mark. Stop at 437.

USD/INR inched lower in last week's trade. Key support now seen at 74.19. Interweek hurdles seen at 74.89 zone. Interweek Strategy: Buy between 74.19-74.30 zone, targeting 74.89/75.25 mark. Strict Stop at 73.89.

47953 47429 47159 48619 49429 Positive

64330 63001 61497 65057 66753 Positive

6066 5887 5727 6227 6451 Neutral

732.60 707 691 757 781 Neutral

415.2 389 371 433 471 Neutral

74.46 74.19 73.95 74.89 75.25 Positive

MCX Gold likely to turn bullish and eye 48619 hurdles on falling bond yields.

Instrument TRADING STRATEGYLTP S1 S2 R1 R2

GOLD (USD)

SILVER (USD)

WTI CRUDE OIL (USD)

EUR/USD

Bias

DOW JONES

US Dollar Index


The�Navigator��…Sailing�global�trend

Wall Street bulls are loving the easy monetary policy from the Federal Reserve.

1820 1801 1793 1843 1857 Positive

24.24 22.95 21.45 25.05 26.09 Positive

81.17 79.05 77.5 85 90 Neutral

1.1568 1.1503 1.1460 1.1771 1.1873 Negative

94.22 93.69 92.20 95.05 95.75 Positive

36328 35513 33759 37101 37896 Positive

Key support at 1793 mark. Interweek Strategy: Establish buy positions between 1801-1805 zone. Targets 1843/4857 mark with stop at 1789.

Key hurdles at 25.05. Interweek Strategy: Establish buy positions at CMP. Targets 25.05/26.09 with stop at 22.87.

Despite volatility, Oil prices traded range bound in Friday's trade.Interweek Strategy: Establish buy positions at CMP. Targets 85/90. Stop at 78.97.

Interweek Strategy: Establish sell positions between 1.1675-1.1701 zone. Targets 1.1503/1.1460 with stop at 1.1809.

Interweek Strategy: Establish buy positions between 93.69-93.75 zone. Targets 94.50/95.50 with stop at 93.01.

U.S. stocks hit fresh record highs again in Friday’s trade, with the Nasdaq passing the 16,000-point mark for the first time ever, as investors were seen adding risk in the wake of the Federal Reserve's dovish take on rates and stronger-than-expected October jobs gains. Interweek Strategy: Establish buy positions at CMP. Targets 36709/37101 mark with stop at 35311.

DISCLAIMER: This is solely for information of clients of Khandwala Securities Limited and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Khandwala Securities Limited, its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Khandwala Securities Limited or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information.

Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Khandwala Securities Limited in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Khandwala Securities Limited has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Khandwala Securities Limited makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment.

POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report)Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.


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