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Weekly Research Reports

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Title Page No.

Quantum Global Wealth Weekly 03-04

Top Sectors for the Week 05-12

Weekly Pivot Table (Equities) 13

Weekly Pivot Table (Commodities) 14

Disclaimer 15

CONTENTS

Top Sectors for the Week

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STOCKS CMP BIAS TRADING/ INVESTMENT STRATEGY

Monday24th June, 2019

Analyst’s Pick: GRSE (CMP 118). Target: Rs. 151+

Garden Reach Shipbuilders & Engineers Ltd.

GRSE is a shipbuilding company in India under the administrative control of the MoD, primarily catering to the shipbuilding requirements of the Indian Navy and the Indian Coast Guard. GRSE derives a significant majority of its revenue from its shipbuilding division, which has contributed 94.14%, 90.13%, 92.19% and 94.76% to GRSE’s gross revenue in fiscals 2018, 2017, 2016 and 2015 respectively.

GRSE's order book positions stands at Rs. 282.5 bn as on FY19. The firm currently has contracts to deliver 31 ships to the indian Navy and Indian Coast Gaurd.

In addition to its ship and warship building capabilities, GRSE is also engaged in engine production and other engineering activities. The engineering division manufactures deck machinery items, pre-fabricated portable steel bridges and marine pumps.

Technically, brace yourselves for a major breakout play on daily charts. An impulse uptrend is seen forming on the daily time scale, with positive SAR series, major confirmation above its all-time-highs at 132 mark.

Add to that a bullish divergence and a rising stochastic signal (on weekly charts) with recent increase in volumes signaling a larger rebound. The 200 days Exponential Moving Average (EMA) of the stock on the daily chart is currently at 111 zone. The level of Rs 111 zone will act as a strong support zone and any corrective declines to these levels should be used as an opportunity to initiate aggressive long positions.

A potential entrance exists at CMP, and on dips between 100-111 zone, with immediate targets at 132 mark. Above 132 mark, major momentum buying likely which will take the stock towards its next goalpost at 151 zone. Holding Period: 3 Months+. Place stop below its key support at 91.

Aggressive long term targets with 1-year perspective is at 175 mark.

Investors with long term perspective should look into accumulating GRSE amidst improving technical conditions. Accumulate the stock at CMP, and on any corrective declines near its key supports at 100-103 zone, as the stock is likely to run above its all-time-high at 126 mark. Above 126 mark, major momentum buying likely which will take the stock towards its next goalpost at 151 zone. Holding Period: 3 Months+. Place stop below its key support at 91.

GUJRAT FLOUROCARBON is seen witnessing a potential ‘higher consolidation breakout’ on the monthly charts. We are sure; the scrilla bulls will dominate price action. Stochastic is indicating strength and is on buy side and any downside likely to be limited at 876-901 zone. Accumulate at CMP, and on dips between 875-905 zone, as the stock is likely to run above its psychological 1250 mark. Holding Period: 2 Months. Aggressive 1 year targets placed at 1501 zone. Place stops below 751.

NCC is attempting a major rebound from a probable ‘lower consolidation’ zone on the daily charts. We suspect the stock price will aim its intermediate highs at 120. A potential entrance exists on any dips between 85-91 zone, targeting 120 and then at psychological targets at 150 mark. Holding Period: 5 Months+. Stop at 76.

RITES has signaled a major breakout from a probable 'Flag pattern' on daily charts. Momentum oscillators have shifted in buy mode on weekly and monthly time frames. Simply buy between 267-275 zone, as the stock is likely to aim psychological 300 mark and then logical targets at 326-331 zone. Holding Period: 3 Months. Stops below 229.

VOLTAS is signaling a classic breakout from a higher consolidation zone on the monthly charts and most importantly has already witnessed a Golden Cross pattern on the daily charts. Positive reverse divergences and a rising stochastic signals are the key triggers on buy side. Accumulate at CMP, and on dips between 590-600 zone as we suspect on any up move from here on will be backed with spectacular volumes, lifting the stock above its all-time-high at 675-mark. With long term perspective, the stock is likely to aim 700-751 zone. Place stops below 471. Holding Period: 5 Months.

GARDEN REACH SHIPBUILDERS & ENGINEERS 118 Positive

(GRSE)

GUJRAT FLUROCARBON 997 Positive

NCC 99 Positive

RITES 282.70 Positive

VOLTAS 623 Positive



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Sectors Relative to Sensex... Outperforming stocks Underperforming stocks


Sector Analysis: Relative Strength Performance


BSE Auto Index Underperformer BAJAJ AUTO MARUTI, TATA MOTORS, EICHER MOTORS

BSE Banks Index Neutral ICICI BANK, AXIS BANK YES BANK

BSE Capital Goods Index Outperformer LARSEN, AIA ENGINEERING CG POWER

BSE Healthcare Index Underperformer RPG LIFE SCIENCE, S DR REDDYS LAB, DR LAL PATH LAB WOCKHARDT, SUN PHARMA

BSE Metals Index Underperformer JSW STEEL, NMDC HINDALCO, VEDANTA


From Quantum Global Invest Research Desk…


The Week That Was: Sensex ends lower for 3rd consecutive week.

Sensex: 39,194.

In last week's trade, the benchmarks were seen consolidating, but most importantly traded with negative bias as Sensex ended down by 0.7%. The key negative takeaway was that Sensex ended with losses for third consecutive week.

Let’s now check, the key catalysts that panned out in last week's trade:

1. FIIs were net sellers last week with a net sell figure at Rs. 1565.58 crores.

2. Fitch Cuts India Growth Forecast To 6.6% For 2019-20 from 6.8% projected earlier.

3. India announcing retaliatory tariffs on American goods.

4. Concerns over weakening Indian economic data.

5. Investors are concerned by the late arrival of the monsoon. Amidst this backdrop, the street is apprehensive about the government's ability to bolster a slowing economy.

6. Negative market breadth.

7. The minutes from Monetary Policy Committee (MPC) June 3-6 meet suggests that there are clear indication of economy losing traction. RBI Governor Shaktikanta Das while voting for a 25 basis points rate cut said the Indian economy has been clearly losing traction and needs a decisive monetary policy to promote growth.

8. Oil prices have surged more than 6% (now at $57.48 a barrel) in Thursday's trade after reports that an Iranian missile shot down a U.S. spy drone over the Strait of Hormuz. This incident escalates/raises concerns about the possibility of an impending military confrontation between Tehran and Washington. "Iran made a very big mistake!" President Trump reaction on Twitter.

9. As per media reports, the United States told India that it was planning caps on visas to countries that force foreign companies to store data locally.

10.Gold Prices are now well above $ 1401.50 mark amidst rising global worries.

The Sensex ended in green in 3 out 5 trading sessions. The BSE MidCap and the BSE SmallCap index ended lower on weekly basis, down 0.7% and 2% respectively. Both the indices underperformed the benchmark Sensex.

Amongst Sectoral indices in last week's trade, BSE Consumer Durables Index, BSE Realty Index & BSE Power Index were up 1.4%, 1.3% & 1.3% respectively whereas BSE Auto Index, BSE FMCG Index & BSE Healthcare Index were down 2%, 1.8% & 1.6% respectively

Amongst the BSE-30 stocks like ICICI BANK, POWERGRID & INDUSIND BANK were up 3.1%, 2.7% & 1.7% respectively. The top three losers of the week were YES BANK, MARUTI and TATA MOTORS DVR, down 5.0%, 4.7% and 4.7% respectively.

A. Amongst stock specific news: Housing Development Finance Corporation (HDFC) fell 1.90%. HDFC said it has entered into agreements for acquiring up to 51.2% of the equity share capital of Apollo Munich Health Insurance Company for a total consideration of Rs 1346.84 crore.

B. Jet Airways India soared 93.35% to Rs 64. A consortium of 26 bankers led by the State Bank of India earlier this week took the airline to the National Company Law Tribunal (NCLT) for the speedy recovery of their dues .

C. Tata Motors lost 3.11%. Moody's Investors Service downgraded the company's corporate family rating (CFR) and the company's senior unsecured instruments rating to Ba3 from Ba2. The outlook remains negative. The announcement was made after market hours on 20 June 2019.

Meanwhile, Wall Street ended lower in Friday's trade as Investors continued to watch developments in the Middle East after a pair of oil tankers were attacked near the Strait of Hormuz on Thursday and following reports that an Iranian missile shot down a U.S. spy drone over the Strait of Hormuz. Well, we suspect, the recent heightened tensions between US and Iran could play a black swan.

In last week's trade, all the three major indices gained for a third day in a row with the Dow up 2.4%, the S&P 500 gaining 2.2% and the Nasdaq adding 3%.

Week Ahead: All eyes on G-20 Summit.Last week, commanding attention was the Federal Open Market Committee's meeting which decided not to lower interest rates. However the positive takeaway was Federal Reserve Chairman Jerome Powell's statement that the case for lowering rates had “strengthened.”

Worldwide investors are hoping that that central banks around the globe can orchestrate a soft landing for their economy that has shown some signs of stress from sluggish global economic growth and a prolonged tariff dispute between the U.S. and China.

So, this commanding attention this week would be the Group of 20 meeting of the world’s richest countries in Japan where all hopeful eyes will turn on Trump’s meeting with Chinese President Xi Jinping. The G-20 meeting is scheduled on June 27-29.

The feel good factor is still doing the rounds as the street optimistically expects that the Americans and Chinese presidents can reach an agreement to restart sincere trade negotiations.

That said, ongoing intensifying Middle East conflicts could rattle markets if there are any reports of an outright conflict.

On domestic front, enthusiasm for buying equities has been dulled as investors are concerned by the late arrival of the monsoon. Progress of monsoon will be key catalyst in near term. Monsoons are the lifeblood of India’s $2.5 trillion economy and accounts for 70% of the country’s rainfall.

In economic data front, the India's infrastructure output data for May will be unveiled on Friday, 28 June 2019. Also other important things that we will be closely monitored:

• Trend in USD/INR• Crude Oil Price Movement

Expect bouts of volatility as June series futures & options contracts will expire on Thursday, 27th June as traders roll over positions to July series.The technical landscape has tilted in favor of bearish trade as the indices are seen correcting from overbought technical conditions. Downside risk now seen at 38101 mark. The key interweek hurdles to watch on Sensex are at 40501 mark. The corresponding levels for Nifty are: Supports at 11,501 zone. Hurdles for Nifty now seen at 12,100 mark.

Long story short: Caution is the buzzword for this week's trade.

Amongst momentum stocks looking bright on any corrective declines are: ICICI BANK, AXIS BANK, DCB BANK, TITAN, MANAPPURAM, SRF, RITES and PARAG MILK. Meanwhile, we are negative on stocks like, DR REDDYS LAB, EICHER MOTORS, ZEE ENTERTAINMENT, YES BANK, KOTAK BANK, TATA MOTORS, RELIANCE INFRA, RELIANCE CAPITAL, HDFC, HINDUSTAN UNILEVER, HINDALCO and VEDANTA.

Amongst sectoral indices, we have an Outperformer rating in Capital Goods indices amidst strong momentum on buy side. BSE Metals could witness sharp rebound only in case of U.S-CHINA trade truce. While BSE Pharma and BSE Auto index are likely to underperform.

Meanwhile, for this week, our most preferred pair strategies are:

• Pair Strategy: Long BAJAJ AUTO and Short EICHER MOTORS.• Pair Strategy: Long ICICI BANK and Short KOTAK BANK.



BSE Auto Index vs Sensex

• BSE AUTO: 17,748: UNDERPERFOMER.

• In last week's trade, BSE Auto index was seen trading with negative bias despite oversold conditions, and most importantly was unable to shake-off its last 4 weeks of underperformance. Technically, momentum oscillators continue to be negative and amidst this backdrop, selling only on any excessive strength should be the preferred strategy. Major hurdles now at 20301 mark. Interweek resistance at 18795. From here on, confirmation of weakness only below 17637 zone.

• Support: 17637/17001/15385.

• Resistance: 18795/19351/20301.

• Preferred Strategy on Auto Index: For this week, aggressive traders can look to sell between 18251-18501 zone, targeting 17637 and then 17001. Final aggressive targets located at 15385-15751 zone with strict stop above 20301.

• Preferred Trade:

• Sell MARUTI (CMP 6417) between 6551-6601 zone, targeting 6317 zone and then at 6000-6050 zone with stop at 6894. Holding Period: 2 Months.

• Sell EICHER MOTORS (CMP 19719) between 20000-20251 zone, targeting 19495 zone and then at 18251 zone with stop at 20901. Holding Period: 1 Month.

• Outperforming Stocks: CUMMINS.

• Underperforming Stocks: APOLLO TYRES, TATA MOTORS, EICHER MOTORS, MARUTI.

PAIR Strategy: Long BAJAJ AUTO and Short EICHER MOTORS.



BSE Banks Index vs Sensex

PAIR Strategy: Long ICICI BANK and Short KOTAK BANK

• BSE BANKS: 34,459: NEUTRAL.

• The interweek outlook continues to be neutral/negative as the index is seen slipping from overbought conditions on daily charts. In last week's trade, Bank Nifty was seen consolidating, up 0.31%. The index is now seen struggling and unable to move past its all-time-high at 35717 mark. The make-or-break interweek support seen at 33303 zone. Below 33303 mark, corrective declines likely to be the theme with targets at 30251-33501 zone. Aggressive buying advised only on any sharp corrective declines near psychological 30001 mark

This week, we expect Bank index to trade volatile with negative bias.

• Support: 33890/33303/30251.

• Resistance: 35275/35751/36501.

• Preferred Strategy on Bank Index: For this week, aggressive traders can look to sell on any early strength between 34851-35001 zone, targeting 33890 and then aggressive targets seen at 30251-30501 zone with strict stop above 35901.


• Buy ICICI BANK (CMP 431) on dips between 403-411 zone, targeting 437 zone and then at 469-475 zone with stop below 391. Holding Period: 2 Months.

• Buy AXIS BANK (CMP 771) between 755-761 zone, targeting 821 and then at 839-845 zone with stop below 743. Holding Period: 2 Months.

• Outperforming Stocks: SBI, ICICI BANK, AXIS BANK.

• Underperforming Stocks: SOUTH INDIAN BANK, YES BANK.

PAIR Strategy: Long YES BANK and Short ICICI BANK



BSE Capital Goods Index vs Sensex

PAIR Strategy: Long LARSEN Short BHEL

• BSE CAPITAL GOODS: 19,609: OUTPERFORMER.

• The interweek outlook continues to be neutral/positive after the index witnessed consolidation in last week's trade, up 0.32%. We suspect, some more corrective declines quite likely. Key interweek support seen at 18901. Key intermonth support at 17751. Expect range bound trading this week. Buying only on excessive weakness should be the preferred strategy.

• Support: 18901/18125/17551.

• Resistance: 20001/20901/21501.

• Preferred Strategy on Capital Goods Index: For this week, buy on corrective declines between 18901-19001 zone, should be the preferred trading strategy, targeting 20001 zone and then at 20901-21501 zone with strict stop at 17751.


• Buy LARSEN (CMP 1539) between 1475-1491 zone, targeting 1601 and then at 1751 zone. Stop below 1321. Holding period: 2 months.

• Sell SIEMENS (CMP 1240) between 1261-1275 zone, targeting 1207 and then at 1151-1175 zone with stop above 1313. Holding period: 1 month.

• Outperforming Stocks: LARSEN, HAVELLS, AIA ENGINEERING, CARBONDUM UNIVERSAL.

• Underperforming Stocks: SUZLON ENERGY, C G POWER, HAL.



BSE Healthcare Index vs Sensex

PAIR Strategy: Long RPG LIFE SCIENCE and Short DR REDDYS LAB

• BSE HEALTHCARE: 12,688: UNDERPERFOMER.

• The interweek continues to be negative amidst last week's declines, down 1.64%. Major downside risk on cards as the index is seen breaking down below its key support at 12,477 mark. Please note, below 12,477 mark major weakness on cards for BSE Healthcare index with aggressive intermonth targets at 11000 mark. Immediate hurdles at 13455. Confirmation of strength above 15185.

• Support: 12477/11951/11001.

• Resistance: 13455/14501/15185.

• Preferred Strategy on Healthcare Index: For this week, aggressive traders should look to sell between 13051-13251 zone, targeting 12477 and then at 11951 zone and then finally at 11000-11501 zone with strict stop above 14501.


• Buy RPG LIFESCIENCE (CMP 254) between 215-231 zone, targeting 267.50 mark and then at 305-307.50 zone with stop below 199. Holding Period: 1 month.

• Sell DR REDDYS LAB (CMP 2551) between 2621-2651 zone, targeting 2295 zone and then at 1901-1951 mark with stop above 2861. Holding Period: 2 months.

• Outperforming Stocks: APOLLO HOSPITAL, LALPATH LABS, RPG LIFESCIENCE, IPCA LAB, PFIZER.

• Underperforming Stocks: WOCKHARDT, STAR, SUN PHARMA, CADILA HEALTHCARE, LUPIN.



BSE Metals Index vs Sensex

PAIR Strategy: Long JSW STEEL and Short VEDANTA

• BSE METALS: 10,910: NEUTRAL.

• In last week's trade, BSE Metal index witnessed volatile movements and most importantly, ended slightly below the dotted lines, up 1.65% — despite improving conditions at U.S-China trade war. The major technical landscape will now improve only if BSE Metal index moves above 11351 mark. Technically, oversold conditions still prevail on long term charts. Major interweek support now seen at 9921-10000 zone. Only below 9921, expect major declines, towards 9501-9551 zone. Confirmation of strength now only above 11951 zone.

• Support: 10551/9921/9501.

• Resistance: 11351/11951/13671.

• Preferred Strategy on Metals Index: For this week, aggressive traders can look to sell at CMP, targeting 10351 and then at 9951-10001 zone with strict stop above 11951.


• Buy COALINDIA (CMP 254) between 247-251 zone, targeting 269 and then at 281-287.50 zone. Stop below 229. Holding period: 2 months.

• Sell HINDALCO (CMP 198) between 203-207 zone, targeting 187 and then at 181-183 zone. Stop above 219. Holding period: 1 month.

• Outperforming Stocks: JSW STEEL, NMDC.

• Underperforming Stocks: VEDANTA, HINDALCO.

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.

Instrument Close S1 S2 R1 R2 200 Day SMA Reversal Point Trend


Pivot Table (Equities) Monday24th June, 2019

NIFTY 11732.95 11682.72 11632.48 11805.57 11878.18 11755.33 11095.92 UP

BANKNIFTY 30655.3 30529.55 30403.8 30793 30930.7 30667.25 27758.38 UP

NIFTYMID50 4810.6 4785.83 4761.07 4836.58 4862.57 4811.82 4811.72 DOWN

ACC 1529 1514.47 1499.93 1545.17 1561.33 1530.63 1520.71 UP

ADANIENT 146.55 144.33 142.12 150.38 154.22 148.17 146.96 DOWN

ADANIPORTS 402.85 397.78 392.72 407.78 412.72 402.72 365.69 UP

AJANTPHARM 951.2 940.73 930.27 960.93 970.67 950.47 1064.87 DOWN

ALBK 41.2 40.37 39.53 41.92 42.63 41.08 44.74 DOWN

AMARAJABAT 607.55 597.37 587.18 616.37 625.18 606.18 722.74 DOWN

ANDHRABANK 22.35 21.37 20.38 24.17 25.98 23.18 27.29 DOWN

APOLLOTYRE 197.55 193.3 189.05 200.9 204.25 196.65 215.59 DOWN

ARVIND 63.8 62.45 61.1 64.65 65.5 63.3 163.22 DOWN

ASHOKLEY 86.6 85.7 84.8 87.55 88.5 86.65 99.52 DOWN

ASIANPAINT 1382.95 1371.75 1360.55 1394.4 1405.85 1383.2 1365.44 UP

AUROPHARMA 603 579.27 555.53 626.12 649.23 602.38 746.59 DOWN

AXISBANK 769.45 762.08 754.72 777.53 785.62 770.17 682.33 UP

BAJAJ-AUTO 2881 2846.43 2811.87 2913.23 2945.47 2878.67 2807.05 UP

BAJAJFINSV 8383 8344.67 8306.33 8440.17 8497.33 8401.83 6619.57 UP

BAJFINANCE 3565 3543.67 3522.33 3592.67 3620.33 3571.33 2726.92 UP

BALKRISIND 744.5 736.97 729.43 754.47 764.43 746.93 935.25 DOWN

BALRAMCHIN 139.5 137.5 135.5 142 144.5 140 116.29 UP

BANKBARODA 118.3 117.18 116.07 119.43 120.57 118.32 116.5 UP

BANKINDIA 86.95 85.08 83.22 88.23 89.52 86.37 90.41 DOWN

BATAINDIA 1406.4 1390.33 1374.27 1418.73 1431.07 1402.67 1182.7 UP

BEL 111.55 109.23 106.92 113.58 115.62 111.27 90.81 UP

BEML 826.15 805.07 783.98 844.37 862.58 823.28 819.96 UP

BERGEPAINT 318 314.08 310.17 320.98 323.97 317.07 311.27 UP

BHARATFIN 912 896.72 881.43 925.97 939.93 910.68 996.23 DOWN

BHARATFORG 438.5 434.6 430.7 443.65 448.8 439.75 524.96 DOWN

BHARTIARTL 344.05 341.2 338.35 348.4 352.75 345.55 303.18 UP

BHEL 71.25 70.25 69.25 72.05 72.85 71.05 69.55 UP

BIOCON 250.1 247.52 244.93 253.32 256.53 250.73 306.31 DOWN

BPCL 380 375.55 371.1 385.9 391.8 381.45 349.42 UP

BRITANNIA 2838.65 2804.28 2769.92 2873.73 2908.82 2839.37 3881.29 DOWN

BSOFT 91.55 89.73 87.92 94.08 96.62 92.27 164.51 DOWN

CANBK 270.55 266.57 262.58 273.52 276.48 269.53 256.55 UP

CANFINHOME 348.9 342.83 336.77 355.73 362.57 349.67 292.5 UP

CASTROLIND 140.7 139.07 137.43 141.77 142.83 140.13 152.38 DOWN

CEATLTD 916.85 900.97 885.08 927.32 937.78 911.43 1150.08 DOWN

CENTURYTEX 942 932.93 923.87 950.88 959.77 941.82 883.92 UP

CESC 759.85 754.17 748.48 767.42 774.98 761.73 746.18 UP

CGPOWER 28.7 27.87 27.03 29.42 30.13 28.58 39.83 DOWN

CHENNPETRO 213.7 208.47 203.23 217.92 222.13 212.68 255.64 DOWN

CHOLAFIN 274.8 271.73 268.67 280.93 287.07 277.87 260.63 UP

CIPLA 550.8 546.07 541.33 554.67 558.53 549.93 560.17 DOWN

COALINDIA 255.7 249.95 244.2 263.4 271.1 257.65 249.67 UP

COLPAL 1130 1120.48 1110.97 1140.28 1150.57 1130.77 1202.61 DOWN

CONCOR 554.6 546.07 537.53 559.32 564.03 550.78 582.59 DOWN

CUMMINSIND 739.4 733.48 727.57 748.18 756.97 742.27 753.51 DOWN

DABUR 392.35 387.52 382.68 395.57 398.78 390.73 416.45 DOWN

DCBBANK 229.05 227.43 225.82 230.43 231.82 228.82 183.52 UP

DHFL 72 67.58 63.17 76.53 81.07 72.12 214.65 DOWN

DISHTV 27.5 26.98 26.47 28.23 28.97 27.72 39.98 DOWN

DIVISLAB 1545 1523.33 1501.67 1583.33 1621.67 1561.67 1529.14 UP

DLF 176.85 174.97 173.08 180.32 183.78 178.43 177.93 DOWN

DRREDDY 2550.15 2524.13 2498.12 2575.58 2601.02 2549.57 2631.58 DOWN

EICHERMOT 19717.25 19614 19510.75 19859.75 20002.25 19756.5 22106.21 DOWN

ENGINERSIN 117.95 115.62 113.28 119.42 120.88 117.08 116.84 UP

EQUITAS 127.7 123.13 118.57 133.68 139.67 129.12 125.57 UP

ESCORTS 549.9 540.98 532.07 559.88 569.87 550.97 682.14 DOWN

EXIDEIND 202 200.12 198.23 204.92 207.83 203.03 237.86 DOWN

FEDERALBNK 102.75 101.37 99.98 103.97 105.18 102.58 88.46 UP

FORTIS 127.95 126.67 125.38 130.32 132.68 129.03 137.05 DOWN

GAIL 311 307.8 304.6 314.05 317.1 310.85 346.34 DOWN

GLENMARK 498 489.85 481.7 512.95 527.9 504.8 626.15 DOWN

GMRINFRA 15.35 15.1 14.85 15.6 15.85 15.35 16.54 DOWN

GODREJCP 671 662.63 654.27 677.73 684.47 669.37 732.04 DOWN

GODREJIND 474.8 461.83 448.87 481.98 489.17 469.02 512.95 DOWN

GRANULES 93 92.27 91.53 93.97 94.93 93.23 100.65 DOWN

GRASIM 900.1 891.3 882.5 911.35 922.6 902.55 858.39 UP

GSFC 94.6 93.5 92.4 96.35 98.1 95.25 102.69 DOWN

HAVELLS 786.5 777.77 769.03 793.02 799.53 784.28 701.49 UP

HCC 12.3 11.93 11.57 12.58 12.87 12.22 12.92 DOWN

HCLTECH 1079 1069.22 1059.43 1090.72 1102.43 1080.93 1040.41 UP

HDFC 2142.85 2118.77 2094.68 2184.07 2225.28 2159.98 1937 UP

HDFCBANK 2414.05 2403.23 2392.42 2427.28 2440.52 2416.47 2150.24 UP

HDIL 15.8 14.62 13.43 16.52 17.23 15.33 23.67 DOWN

HEROMOTOCO 2614.95 2572.23 2529.52 2678.33 2741.72 2635.62 2839.83 DOWN

HEXAWARE 406.95 373.73 340.52 447.93 488.92 414.72 354.82 UP

HINDALCO 198.15 194.77 191.38 199.92 201.68 196.53 213.78 DOWN

HINDPETRO 291.9 286.32 280.73 296.47 301.03 290.88 251.44 UP

HINDUNILVR 1767.95 1748.17 1728.38 1799.87 1831.78 1780.08 1721.57 UP

HINDZINC 230 228.37 226.73 232.72 235.43 231.08 269.81 DOWN

IBREALEST 112.2 109.47 106.73 115.62 119.03 112.88 95.98 UP

IBULHSGFIN 610.9 572.77 534.63 635.67 660.43 597.53 800.22 DOWN

ICICIBANK 431 428.17 425.33 434.52 438.03 431.68 365.87 UP

ICICIPRULI 383.75 376.9 370.05 388.85 393.95 382 340.06 UP

ICIL 33 31.57 30.13 33.97 34.93 32.53 53 DOWN

IDBI 34.5 33.93 33.37 34.93 35.37 34.37 50.73 DOWN

IDEA 12.15 11.8 11.45 12.45 12.75 12.1 30.53 DOWN

IDFC 36.25 35.48 34.72 36.78 37.32 36.02 40.74 DOWN

IDFCFIRSTB 42.35 41.67 40.98 42.97 43.58 42.28 43.86 DOWN

IFCI 8.2 7.9 7.6 8.55 8.9 8.25 12.94 DOWN

IGL 324.1 318.77 313.43 333.47 342.83 328.13 284.46 UP

INDIACEM 95.3 93.68 92.07 96.68 98.07 95.07 97.16 DOWN

INDIANB 260.5 257.8 255.1 265.05 269.6 262.35 250.48 UP

INDIGO 1563.1 1541.43 1519.77 1574.38 1585.67 1552.72 1189.03 UP

INDUSINDBK 1444.9 1421.03 1397.17 1466.88 1488.87 1443.02 1594.16 DOWN

INFIBEAM 44.15 43.12 42.08 46.22 48.28 45.18 63.38 DOWN

INFRATEL 275.35 271.82 268.28 278.47 281.58 274.93 280.3 DOWN

INFY 750.7 746.9 743.1 754.75 758.8 750.95 711.98 UP

IOC 153.9 152.68 151.47 155.73 157.57 154.52 145.59 UP

IRB 97.2 92.78 88.37 100.53 103.87 96.12 140.54 DOWN

ITC 274.3 272.82 271.33 276.22 278.13 274.73 287.92 DOWN

JETAIRWAYS 64.4 40.9 17.4 84.8 105.2 61.3 224.15 DOWN

JINDALSTEL 146.1 144.27 142.43 149.42 152.73 147.58 168.75 DOWN

JISLJALEQS 24.95 23.02 21.08 26.77 28.58 24.83 62.04 DOWN

JPASSOCIAT 3.2 3.07 2.93 3.27 3.33 3.13 6.46 DOWN

JSWENERGY 66.35 65.4 64.45 67.3 68.25 66.35 68.15 DOWN

JSWSTEEL 267.8 265.05 262.3 269.75 271.7 267 310.95 DOWN

JUBLFOOD 1256.95 1242.97 1228.98 1275.97 1294.98 1261.98 1284.91 DOWN

JUSTDIAL 760 747 734 775.35 790.7 762.35 544.33 UP

KOTAKBANK 1491.4 1477.73 1464.07 1510.53 1529.67 1496.87 1280.19 UP

KSCL 484 460.7 437.4 495.65 507.3 472.35 515.94 DOWN

KTKBANK 102.95 101.82 100.68 104.22 105.48 103.08 113.81 DOWN

L&TFH 114 111.78 109.57 116.03 118.07 113.82 137.24 DOWN

LICHSGFIN 537 530.18 523.37 542.83 548.67 536.02 479.9 UP

LT 1543 1525.35 1507.7 1565.3 1587.6 1547.65 1362.5 UP

LUPIN 712.35 704.6 696.85 723.3 734.25 715.55 828.7 DOWN

M&M 629.3 623.22 617.13 634.42 639.53 628.33 726.38 DOWN

M&MFIN 394.5 387.08 379.67 402.93 411.37 395.52 419.85 DOWN

MANAPPURAM 131.15 128.62 126.08 135.07 138.98 132.53 102.62 UP

MARICO 370.25 366.57 362.88 373.12 375.98 369.43 352.89 UP

MARUTI 6425 6347.13 6269.27 6525.93 6626.87 6448.07 7220.21 DOWN

MCDOWELL-N 552.75 539.47 526.18 563.67 574.58 550.38 569.06 DOWN

MCX 800 791.57 783.13 814.22 828.43 805.78 753.56 UP

MGL 846 836.8 827.6 860.6 875.2 851.4 887.3 DOWN

MOTHERSUMI 126.5 124.65 122.8 128.35 130.2 126.5 155.95 DOWN

MRF 54922.55 54515.07 54107.59 55264.96 55607.38 54857.48 61517.72 DOWN

MRPL 61.5 59.63 57.77 63.03 64.57 61.17 71.31 DOWN

MUTHOOTFIN 621 615.6 610.2 629.6 638.2 624.2 517.56 UP

NATIONALUM 49.2 48.48 47.77 49.68 50.17 48.97 59.58 DOWN

NBCC 58.75 57.73 56.72 59.58 60.42 58.57 58.83 DOWN

NCC 99.75 98.43 97.12 101.43 103.12 100.12 90.41 UP

NMDC 110.65 108.23 105.82 112.43 114.22 110.02 102.52 UP

NTPC 134.7 134.1 133.5 135.25 135.8 134.65 145.74 DOWN

OFSS 3085.8 3022.53 2959.27 3206.53 3327.27 3143.27 3618.09 DOWN

OIL 180.75 178.32 175.88 182.22 183.68 179.78 185.51 DOWN

ONGC 170.8 169.25 167.7 172.9 175 171.35 157 UP

ORIENTBANK 93.75 92.18 90.62 95.68 97.62 94.12 89.28 UP

PCJEWELLER 51.85 49.77 47.68 53.67 55.48 51.58 80.12 DOWN

PEL 1868.6 1824.33 1780.07 1926.13 1983.67 1881.87 2347.05 DOWN

PETRONET 242.5 238.03 233.57 244.73 246.97 240.27 227.71 UP

PFC 130.1 128.93 127.77 131.63 133.17 130.47 103.57 UP

PIDILITIND 1231.55 1212.15 1192.75 1250.8 1270.05 1231.4 1140.78 UP

PNB 76.75 75.95 75.15 77.85 78.95 77.05 78.2 DOWN

POWERGRID 199.75 198.18 196.62 201.68 203.62 200.12 190.4 UP

PTC 64.95 64.38 63.82 65.73 66.52 65.17 77.31 DOWN

PVR 1604 1588.33 1572.67 1631.33 1658.67 1615.67 1537.46 UP

RAMCOCEM 805.95 796 786.05 811.55 817.15 801.6 672.64 UP

RAYMOND 748.5 741.07 733.63 759.97 771.43 752.53 775.71 DOWN

RBLBANK 611.95 601.18 590.42 624.33 636.72 613.57 596 UP

RCOM 1.35 1.33 1.32 1.38 1.42 1.37 9.07 DOWN

RECLTD 154.8 153.42 152.03 156.27 157.73 154.88 126.79 UP

RELCAPITAL 67 62.87 58.73 72.27 77.53 68.13 210.47 DOWN

RELIANCE 1278.9 1270.97 1263.03 1291.42 1303.93 1283.48 1226.27 UP

RELINFRA 55.8 51.87 47.93 60.22 64.63 56.28 234.22 DOWN

REPCOHOME 376.15 366.22 356.28 382.42 388.68 372.48 409.29 DOWN

SAIL 49.9 49.2 48.5 50.5 51.1 49.8 56.95 DOWN

SBIN 349.25 344.7 340.15 352.25 355.25 347.7 295.88 UP

SHREECEM 21201.05 21023.8 20846.55 21341.65 21482.25 21164.4 17397.12 UP

SIEMENS 1236 1218.18 1200.37 1267.23 1298.47 1249.42 1040.39 UP

SOUTHBANK 13.05 12.97 12.88 13.22 13.38 13.13 14.91 DOWN

SREINFRA 18.3 17.62 16.93 18.97 19.63 18.28 31.35 DOWN

SRF 3021.2 2997.9 2974.6 3053.75 3086.3 3030.45 2235.91 UP

SRTRANSFIN 1097.65 1087.63 1077.62 1108.58 1119.52 1098.57 1145.42 DOWN

STAR 408.55 402.2 395.85 414.45 420.35 408.1 454.11 DOWN

SUNPHARMA 383.9 379.4 374.9 390.05 396.2 385.55 483.95 DOWN

SUNTV 521.95 513.07 504.18 538.07 554.18 529.18 596.06 DOWN

SUZLON 4.55 4.08 3.62 4.88 5.22 4.42 5.78 DOWN

SYNDIBANK 36.7 35.8 34.9 38.4 40.1 37.5 36.2 UP

TATACHEM 610 601.27 592.53 616.57 623.13 607.83 649.63 DOWN

TATACOMM 483.8 475.25 466.7 499.6 515.4 491.05 531.95 DOWN

TATAELXSI 860.05 853.17 846.28 866.97 873.88 860.08 993.04 DOWN

TATAGLOBAL 261.5 255.33 249.17 265.83 270.17 259.67 215.9 UP

TATAMOTORS 158.75 155.25 151.75 161.5 164.25 158 190 DOWN

TATAMTRDVR 76.85 75 73.15 78.25 79.65 76.4 98.35 DOWN

TATAPOWER 65.35 64.47 63.58 65.87 66.38 64.98 71.52 DOWN

TATASTEEL 497 494 491 500.45 503.9 497.45 526.1 DOWN

TCS 2254 2233.17 2212.33 2283.67 2313.33 2262.83 2025.52 UP

TECHM 736 727 718 744.5 753 735.5 748.48 DOWN

TITAN 1293.85 1282.4 1270.95 1311.15 1328.45 1299.7 1001.15 UP

TV18BRDCST 24.9 24.25 23.6 25.55 26.2 24.9 34.77 DOWN

UBL 1350.25 1337.63 1325.02 1363.93 1377.62 1351.32 1340.66 UP

UJJIVAN 295.35 286.05 276.75 313.8 332.25 304.5 288.78 UP

ULTRACEMCO 4609 4561.03 4513.07 4651.93 4694.87 4603.97 4023.26 UP

UNIONBANK 75.3 73.97 72.63 77.02 78.73 75.68 79.78 DOWN

UPL 890 867.18 844.37 913.78 937.57 890.97 815.6 UP

VEDL 172.55 171.05 169.55 173.95 175.35 172.45 190.4 DOWN

VGUARD 240.15 230.12 220.08 245.57 250.98 235.53 206.97 UP

VOLTAS 623.9 615.73 607.57 628.53 633.17 620.37 566.54 UP

WIPRO 286 283.47 280.93 289.27 292.53 286.73 315.1 DOWN

WOCKPHARMA 366.25 354.83 343.42 373.83 381.42 362.42 473.73 DOWN

YESBANK 109.35 106.8 104.25 113.35 117.35 110.8 209.64 DOWN

ZEEL 346.1 341.07 336.03 353.52 360.93 348.48 429.19 DOWN

Close S1 S2 R1 R2200 Day

SMA Reversal

Point TrendCommodityExchange


Pivot Table (Commodities)

MCX ALUMINIUM

MCX CARDAMOM

NCDEX CASTOR

NCDEX CHANA

MCX COPPER

MCX COTTON

MCX CRUDE-OIL

MCX GOLD

NCDEX GUAR GUM

NCDEX GUAR SEED

NCDEX JEERA

MCX LEAD

MCX MENTHA OIL

MCX NATURAL GAS

MCX NICKLE

NCDEX RM SEED

MCX SILVER

NCDEX SUGAR

NCDEX SOYA BEAN

MCX ZINC

142.15 142.58 143.53 143.16 142.05 0 132.23 122.17

2773.6 2657.93 2683.73 2534.32 1643.98 0 106.07 664.7

5378 5324.67 5330.67 5509.62 5274.62 0 2.72 4248.8

4203 4197 4197 4464.14 4281.19 0 3.9 4547.3

416.8 410.68 415.73 410.66 435.65 0 130.22 323.19

22100 21753.33 22023.33 21703.33 21641.15 0 20.93 16244

3977 3710.67 3781.67 3813.81 4202.16 0 131.97 3049.8

34026 32995 33139 32486.86 31795.16 0 135.35 8911.4

8592 8450 8450 8558.48 8922.44 0 3.62 6174.2

4235.5 4220.5 4235.5 4259.57 4344.72 0 141.63 4251.7

17530 17438.33 17578.33 17543.1 17764.68 0 119.98 12242.4

154.7 153.28 156.68 144.16 142.08 0 97.7 73.32

1301.5 1290.3 1332 1355.42 1602.35 0 142.11 517.03

151.6 158.8 164.1 169 218.13 0 60.77 314.96

901.3 879.4 899 860.31 862.34 0 128.85 1119.2

3902 3922.67 3942.67 3920.43 3962.8 0 41.45 3908.4

38365 37212.33 37397.33 36838.76 38038.27 0 132.4 18389.6

3050 3036 3036 3147.24 3614.83 0 3.43 2516.4

3648 3669.33 3697.33 3680.24 3518.02 0 118.52 2490.4

204.05 204.4 207.15 206.94 194.85 0 126.92 85.95


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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 Quantum Global Securities Ltd. Ltd. in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Quantum Global Securities Ltd. has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Quantum Global Securities Ltd. 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.

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