You are on page 1of 4

Equity Pivot

03 October 2018

Symbol PClose Support3 Support2 Support1 Pivot Resist1 Resist2 Resist3


ACC 1 573.60 1 469.63 1 496.27 1 534.93 1 561.57 1 600.23 1 626.87 1 665.53
ADANIENT 137.35 109.35 115.45 126.4 132.5 143.45 149.55 160.5
ADANIPORTS 330.35 307.7 313.85 322.1 328.25 336.5 342.65 350.9
ADANIPOWER 26.05 18.47 20.28 23.17 24.98 27.87 29.68 32.57
AJANTPHARM 1 071.50 996.67 1 013.73 1 042.62 1 059.68 1 088.57 1 105.63 1 134.52
ALBK 36.1 32.15 33.1 34.6 35.55 37.05 38 39.5
AMARAJABAT 745.3 687.85 702 723.65 737.8 759.45 773.6 795.25
AMBUJACEM 222.7 207.35 212.1 217.4 222.15 227.45 232.2 237.5
APOLLOHOSP 1 064.05 966.98 996.12 1 030.08 1 059.22 1 093.18 1 122.32 1 156.28
APOLLOTYRE 213.1 192.87 197.83 205.47 210.43 218.07 223.03 230.67
ARVIND 325.2 288.67 297.93 311.57 320.83 334.47 343.73 357.37
ASHOKLEY 120.15 105.78 109.02 114.58 117.82 123.38 126.62 132.18
ASIANPAINT 1 279.80 1 224.33 1 246.67 1 263.23 1 285.57 1 302.13 1 324.47 1 341.03
AUROPHARMA 769.65 701.27 716.68 743.17 758.58 785.07 800.48 826.97
AXISBANK 593.45 526.47 549.48 571.47 594.48 616.47 639.48 661.47
BAJAJ-AUTO 2 730.10 2 526.07 2 572.83 2 651.47 2 698.23 2 776.87 2 823.63 2 902.27
BAJFINANCE 2 208.50 1 914.87 1 983.53 2 096.02 2 164.68 2 277.17 2 345.83 2 458.32
BAJAJFINSV 5 881.85 5 486.23 5 628.62 5 755.23 5 897.62 6 024.23 6 166.62 6 293.23
BALKRISIND 1 084.35 843.02 894.68 989.52 1 041.18 1 136.02 1 187.68 1 282.52
BANKBARODA 104.4 88.27 91.83 98.12 101.68 107.97 111.53 117.82
BANKINDIA 79.15 66.92 70.18 74.67 77.93 82.42 85.68 90.17
BATAINDIA 967.9 912.83 926.67 947.28 961.12 981.73 995.57 1 016.18
BEML 585.35 525.3 546.65 566 587.35 606.7 628.05 647.4
BERGEPAINT 285.4 264.67 270.93 278.17 284.43 291.67 297.93 305.17
BEL 82.7 73.5 75.8 79.25 81.55 85 87.3 90.75
BHARATFIN 1 017.30 963.88 980.07 998.68 1 014.87 1 033.48 1 049.67 1 068.28
BHARATFORG 625.55 562.02 576.28 600.92 615.18 639.82 654.08 678.72
BHEL 71.1 62.72 64.53 67.82 69.63 72.92 74.73 78.02
BPCL 368.35 348.98 354.62 361.48 367.12 373.98 379.62 386.48
BHARTIARTL 326.75 300.67 311.18 318.97 329.48 337.27 347.78 355.57
INFRATEL 267.6 252 257 262.3 267.3 272.6 277.6 282.9
BIOCON 679 636.87 650.63 664.82 678.58 692.77 706.53 720.72
BOSCHLTD 19 784.90 18 844.68 19 097.97 19 441.43 19 694.72 20 038.18 20 291.47 20 634.93
BRITANNIA 5 843.55 5 557.37 5 629.18 5 736.37 5 808.18 5 915.37 5 987.18 6 094.37
CADILAHC 396.65 360.13 368.32 382.48 390.67 404.83 413.02 427.18
CANFINHOME 261.7 201.27 215.33 238.52 252.58 275.77 289.83 313.02
CANBK 232.8 197.78 205.67 219.23 227.12 240.68 248.57 262.13
CAPF 503.95 450.68 462.52 483.23 495.07 515.78 527.62 548.33
CASTROLIND 145.55 133.43 136.22 140.88 143.67 148.33 151.12 155.78
CEATLTD 1 133.50 1 041.02 1 063.03 1 098.27 1 120.28 1 155.52 1 177.53 1 212.77
CENTURYTEX 836.1 728.73 751.37 793.73 816.37 858.73 881.37 923.73
CESC 866.6 751.32 775.93 821.27 845.88 891.22 915.83 961.17
CGPOWER 45.7 40.72 41.83 43.77 44.88 46.82 47.93 49.87
CHENNPETRO 281.65 260.93 265.62 273.63 278.32 286.33 291.02 299.03
CHOLAFIN 1 235.35 1 039.70 1 080.35 1 157.85 1 198.50 1 276.00 1 316.65 1 394.15
CIPLA 654.15 629.93 636.72 645.43 652.22 660.93 667.72 676.43
COALINDIA 272.8 254.53 258.67 265.73 269.87 276.93 281.07 288.13
COLPAL 1 093.15 1 052.68 1 067.12 1 080.13 1 094.57 1 107.58 1 122.02 1 135.03
CONCOR 652.25 583.17 599.68 625.97 642.48 668.77 685.28 711.57
CUMMINSIND 669.05 634.6 647.35 658.2 670.95 681.8 694.55 705.4
DABUR 439.25 409.92 416.48 427.87 434.43 445.82 452.38 463.77
DALMIABHA 2 316.90 2 157.20 2 197.30 2 257.10 2 297.20 2 357.00 2 397.10 2 456.90
DCBBANK 145.85 131.72 135.78 140.82 144.88 149.92 153.98 159.02
DHFL 318.5 222 243.5 281 302.5 340 361.5 399
DISHTV 59.3 52.75 54.2 56.75 58.2 60.75 62.2 64.75
DIVISLAB 1 319.60 1 242.13 1 261.57 1 290.58 1 310.02 1 339.03 1 358.47 1 387.48
DLF 158.45 134.92 141.28 149.87 156.23 164.82 171.18 179.77
DRREDDY 2 508.60 2 352.05 2 396.20 2 452.40 2 496.55 2 552.75 2 596.90 2 653.10
EICHERMOT 24 749.50 21 884.33 22 557.17 23 653.33 24 326.17 25 422.33 26 095.17 27 191.33
ENGINERSIN 119.1 96.37 102.63 110.87 117.13 125.37 131.63 139.87
EQUITAS 121.65 108.18 111.42 116.53 119.77 124.88 128.12 133.23
ESCORTS 622.3 550.67 566.03 594.17 609.53 637.67 653.03 681.17
EXIDEIND 262.85 244.72 249.38 256.12 260.78 267.52 272.18 278.92
FEDERALBNK 73.05 65.17 67.08 70.07 71.98 74.97 76.88 79.87
GAIL 381 367.67 372.63 376.82 381.78 385.97 390.93 395.12
GLENMARK 635.5 579.27 592.43 613.97 627.13 648.67 661.83 683.37
GMRINFRA 17.05 13.85 14.55 15.8 16.5 17.75 18.45 19.7
GODFRYPHLP 760.65 683.55 701.05 730.85 748.35 778.15 795.65 825.45
GODREJCP 796.75 747.15 759.65 778.2 790.7 809.25 821.75 840.3
GODREJIND 508.15 475.43 486.72 497.43 508.72 519.43 530.72 541.43
GRANULES 97.9 84.33 87.27 92.58 95.52 100.83 103.77 109.08
GRASIM 998.7 938.47 960.23 979.47 1 001.23 1 020.47 1 042.23 1 061.47
GSFC 94.9 84.88 87.07 90.98 93.17 97.08 99.27 103.18
HAVELLS 595.15 518.15 536.15 565.65 583.65 613.15 631.15 660.65
HCLTECH 1 098.40 1 065.93 1 073.47 1 085.93 1 093.47 1 105.93 1 113.47 1 125.93
HDFCBANK 2 035.45 1 963.97 1 980.88 2 008.17 2 025.08 2 052.37 2 069.28 2 096.57
HDFC 1 806.35 1 703.27 1 728.18 1 767.27 1 792.18 1 831.27 1 856.18 1 895.27
HEROMOTOCO 2 973.00 2 751.07 2 800.53 2 886.77 2 936.23 3 022.47 3 071.93 3 158.17
HEXAWARE 431.55 389.65 399.05 415.3 424.7 440.95 450.35 466.6
HINDALCO 242.9 211.47 218.23 230.57 237.33 249.67 256.43 268.77
HCC 11.15 9.43 9.82 10.48 10.87 11.53 11.92 12.58
HINDPETRO 243.15 222.93 230.12 236.63 243.82 250.33 257.52 264.03
HINDUNILVR 1 642.30 1 561.00 1 581.30 1 611.80 1 632.10 1 662.60 1 682.90 1 713.40
HINDZINC 289.85 272.82 276.68 283.27 287.13 293.72 297.58 304.17
IBULHSGFIN 906.1 660.4 732.7 819.4 891.7 978.4 1 050.70 1 137.40
ICICIBANK 314 290.18 295.37 304.68 309.87 319.18 324.37 333.68
ICICIPRULI 330.4 312.75 317.5 323.95 328.7 335.15 339.9 346.35
IDBI 54.1 44.17 46.33 50.22 52.38 56.27 58.43 62.32
IDFC 40.75 36.15 37.25 39 40.1 41.85 42.95 44.7
IDFCBANK 37.35 33.57 34.38 35.87 36.68 38.17 38.98 40.47
IFCI 12.4 10.7 11.1 11.75 12.15 12.8 13.2 13.85
IndiaVIX 16.84 13.19 14.73 15.78 17.32 18.38 19.91 20.97
INDIANB 246.25 200.08 209.82 228.03 237.77 255.98 265.72 283.93
IOC 153.95 145.97 147.98 150.97 152.98 155.97 157.98 160.97
INDIGO 806.65 731.58 750.32 778.48 797.22 825.38 844.12 872.28
IGL 247.6 233.23 237.07 242.33 246.17 251.43 255.27 260.53
INDUSINDBK 1 642.65 1 561.32 1 588.48 1 615.57 1 642.73 1 669.82 1 696.98 1 724.07
INFIBEAM 66.9 13.23 26.17 46.53 59.47 79.83 92.77 113.13
INFY 746.65 712.9 722.95 734.8 744.85 756.7 766.75 778.6
IRB 144.5 121.72 126.63 135.57 140.48 149.42 154.33 163.27
ITC 297.1 283.13 288.27 292.68 297.82 302.23 307.37 311.78
JISLJALEQS 63.95 48.03 51.52 57.73 61.22 67.43 70.92 77.13
JPASSOCIAT 7 5.55 5.9 6.45 6.8 7.35 7.7 8.25
JETAIRWAYS 171.35 149.57 156.18 163.77 170.38 177.97 184.58 192.17
JINDALSTEL 193.75 162.95 170.75 182.25 190.05 201.55 209.35 220.85
JSWSTEEL 380.85 356.6 363.85 372.35 379.6 388.1 395.35 403.85
JUBLFOOD 1 240.75 1 158.17 1 181.58 1 211.17 1 234.58 1 264.17 1 287.58 1 317.17
JUSTDIAL 484.25 344.75 376.95 430.6 462.8 516.45 548.65 602.3
KAJARIACER 380.85 323.63 336.82 358.83 372.02 394.03 407.22 429.23
KTKBANK 99.4 88.83 91.17 95.28 97.62 101.73 104.07 108.18
KSCL 558 491.27 512.73 535.37 556.83 579.47 600.93 623.57
KOTAKBANK 1 122.00 910.6 956.4 1 039.20 1 085.00 1 167.80 1 213.60 1 296.40
KPIT 221.85 177.23 188.22 205.03 216.02 232.83 243.82 260.63
L&TFH 131.05 117.62 120.48 125.77 128.63 133.92 136.78 142.07
LT 1 248.10 1 162.65 1 190.10 1 219.10 1 246.55 1 275.55 1 303.00 1 332.00
LICHSGFIN 417.2 390.8 398.4 407.8 415.4 424.8 432.4 441.8
LUPIN 895.9 855.7 867.6 881.75 893.65 907.8 919.7 933.85
M&M 847.6 814.05 827.5 837.55 851 861.05 874.5 884.55
MGL 810.3 778.28 789.87 800.08 811.67 821.88 833.47 843.68
M&MFIN 413.95 359.58 372.82 393.38 406.62 427.18 440.42 460.98
MANAPPURAM 74.5 64.05 66.5 70.5 72.95 76.95 79.4 83.4
MRPL 69.5 63.37 66.23 67.87 70.73 72.37 75.23 76.87
MARICO 333.25 313.88 321.22 327.23 334.57 340.58 347.92 353.93
MARUTI 7 463.95 7 005.97 7 105.98 7 284.97 7 384.98 7 563.97 7 663.98 7 842.97
MFSL 400.75 355.6 371.05 385.9 401.35 416.2 431.65 446.5
MCX 705.85 609.23 629.62 667.73 688.12 726.23 746.62 784.73
MINDTREE 1 071.80 951.13 983.57 1 027.68 1 060.12 1 104.23 1 136.67 1 180.78
MOTHERSUMI 248.8 222.32 230.73 239.77 248.18 257.22 265.63 274.67
MRF 63 025.65 60 133.77 61 141.88 62 083.77 63 091.88 64 033.77 65 041.88 65 983.77
MUTHOOTFIN 425.95 339.45 363.85 394.9 419.3 450.35 474.75 505.8
NATIONALUM 62.1 54.3 56 59.05 60.75 63.8 65.5 68.55
NBCC 58.7 52.72 54.03 56.37 57.68 60.02 61.33 63.67
NCC 72.1 60.47 63.13 67.62 70.28 74.77 77.43 81.92
NESTLEIND 9 609.65 9 183.33 9 324.92 9 467.28 9 608.87 9 751.23 9 892.82 10 035.18
NHPC 23.05 21.83 22.12 22.58 22.87 23.33 23.62 24.08
Nifty 50 11 008.30 10 660.58 10 741.07 10 874.68 10 955.17 11 088.78 11 169.27 11 302.88
NiftyBank 25 367.00 24 207.88 24 457.77 24 912.38 25 162.27 25 616.88 25 866.77 26 321.38
NftyCPSE 2 315.90 2 200.87 2 226.63 2 271.27 2 297.03 2 341.67 2 367.43 2 412.07
NftyInfra 2 965.25 2 845.33 2 871.72 2 918.48 2 944.87 2 991.63 3 018.02 3 064.78
NiftyIT 16 213.60 15 535.50 15 698.50 15 956.05 16 119.05 16 376.60 16 539.60 16 797.15
NFMIDCP50 4 711.70 4 350.10 4 426.40 4 569.05 4 645.35 4 788.00 4 864.30 5 006.95
NiftyPSE 3 596.65 3 440.37 3 476.58 3 536.62 3 572.83 3 632.87 3 669.08 3 729.12
NIITTECH 1 167.15 998.08 1 035.22 1 101.18 1 138.32 1 204.28 1 241.42 1 307.38
NMDC 111.15 102.45 105.35 108.25 111.15 114.05 116.95 119.85
NTPC 169.6 162.92 164.53 167.07 168.68 171.22 172.83 175.37
OIL 221.1 204.58 208.97 215.03 219.42 225.48 229.87 235.93
ONGC 179 168.95 171.8 175.4 178.25 181.85 184.7 188.3
OFSS 4 007.35 3 783.43 3 842.22 3 924.78 3 983.57 4 066.13 4 124.92 4 207.48
ORIENTBANK 64.4 53.65 56 60.2 62.55 66.75 69.1 73.3
PAGEIND 33 332.85 30 742.40 31 347.35 32 340.10 32 945.05 33 937.80 34 542.75 35 535.50
PCJEWELLER 55.45 43.25 48.25 51.85 56.85 60.45 65.45 69.05
PETRONET 222.15 210.97 214.48 218.32 221.83 225.67 229.18 233.02
PIDILITIND 1 041.20 945.8 968.4 1 004.80 1 027.40 1 063.80 1 086.40 1 122.80
PEL 2 271.80 2 074.78 2 137.47 2 204.63 2 267.32 2 334.48 2 397.17 2 464.33
PFC 79.5 69.45 71.8 75.65 78 81.85 84.2 88.05
POWERGRID 192.4 179.57 182.73 187.57 190.73 195.57 198.73 203.57
PTC 71.3 62.17 64.13 67.72 69.68 73.27 75.23 78.82
PNB 63.2 54.98 56.77 59.98 61.77 64.98 66.77 69.98
PVR 1 224.90 1 112.02 1 138.23 1 181.57 1 207.78 1 251.12 1 277.33 1 320.67
RAYMOND 668.6 600.48 615.47 642.03 657.02 683.58 698.57 725.13
RBLBANK 524.9 457.73 474.37 499.63 516.27 541.53 558.17 583.43
RELCAPITAL 286.2 253.02 260.33 273.27 280.58 293.52 300.83 313.77
RCOM 11.95 10.33 10.72 11.33 11.72 12.33 12.72 13.33
RELIANCE 1 231.70 1 150.87 1 177.43 1 204.57 1 231.13 1 258.27 1 284.83 1 311.97
RELINFRA 299.1 265.65 273.5 286.3 294.15 306.95 314.8 327.6
RPOWER 26.55 23.7 24.35 25.45 26.1 27.2 27.85 28.95
REPCOHOME 428.3 394.07 402.23 415.27 423.43 436.47 444.63 457.67
RECLTD 102 89 91.8 96.9 99.7 104.8 107.6 112.7
SHREECEM 16 801.55 15 537.77 15 867.18 16 334.37 16 663.78 17 130.97 17 460.38 17 927.57
SRTRANSFIN 1 139.35 1 066.23 1 086.32 1 112.83 1 132.92 1 159.43 1 179.52 1 206.03
SIEMENS 941.85 896.97 910.48 926.17 939.68 955.37 968.88 984.57
SOUTHBANK 13.75 12.03 12.42 13.08 13.47 14.13 14.52 15.18
SREINFRA 36 26.13 28.37 32.18 34.42 38.23 40.47 44.28
SRF 1 716.25 1 522.50 1 568.75 1 642.50 1 688.75 1 762.50 1 808.75 1 882.50
SBIN 273.85 255.8 259.95 266.9 271.05 278 282.15 289.1
SAIL 69 60.67 62.43 65.72 67.48 70.77 72.53 75.82
STAR 444.35 391.32 402.68 423.52 434.88 455.72 467.08 487.92
SUNPHARMA 634.7 587.8 598.9 616.8 627.9 645.8 656.9 674.8
SUNTV 653.65 546.77 570.78 612.22 636.23 677.67 701.68 743.12
SUZLON 5.65 4.52 4.78 5.22 5.48 5.92 6.18 6.62
SYNDIBANK 31.65 28.68 29.32 30.48 31.12 32.28 32.92 34.08
TATACHEM 690.5 649.1 659.8 675.15 685.85 701.2 711.9 727.25
TATACOMM 503.2 470.68 479.87 491.53 500.72 512.38 521.57 533.23
TCS 2 255.55 2 119.68 2 155.02 2 205.28 2 240.62 2 290.88 2 326.22 2 376.48
TATAELXSI 1 161.75 1 052.90 1 081.95 1 121.85 1 150.90 1 190.80 1 219.85 1 259.75
TATAGLOBAL 230.9 209.55 215.3 223.1 228.85 236.65 242.4 250.2
TATAMTRDVR 120.95 109.47 111.98 116.47 118.98 123.47 125.98 130.47
TATAMOTORS 229.35 212.3 216.15 222.75 226.6 233.2 237.05 243.65
TATAPOWER 67.95 62.1 63.45 65.7 67.05 69.3 70.65 72.9
TATASTEEL 583.2 536.9 547.2 565.2 575.5 593.5 603.8 621.8
TECHM 759.55 724.53 733.12 746.33 754.92 768.13 776.72 789.93
INDIACEM 100.35 89.35 92.35 96.35 99.35 103.35 106.35 110.35
RAMCOCEM 652.8 586.08 602.27 627.53 643.72 668.98 685.17 710.43
TITAN 809.75 757.3 769.65 789.7 802.05 822.1 834.45 854.5
TORNTPHARM 1 652.50 1 549.97 1 575.43 1 613.97 1 639.43 1 677.97 1 703.43 1 741.97
TORNTPOWER 224.15 202 206.75 215.45 220.2 228.9 233.65 242.35
TV18BRDCST 34.3 29.48 30.77 32.53 33.82 35.58 36.87 38.63
TVSMOTOR 561.35 495.83 510.92 536.13 551.22 576.43 591.52 616.73
UJJIVAN 258.75 209.3 219.65 239.2 249.55 269.1 279.45 299
ULTRACEMCO 3 940.20 3 650.13 3 752.07 3 846.13 3 948.07 4 042.13 4 144.07 4 238.13
UNIONBANK 69.2 58.53 60.97 65.08 67.52 71.63 74.07 78.18
UBL 1 328.00 1 175.47 1 220.73 1 274.37 1 319.63 1 373.27 1 418.53 1 472.17
MCDOWELL-N 516.55 471.83 483.42 499.98 511.57 528.13 539.72 556.28
UPL 665.6 613.98 626.07 645.83 657.92 677.68 689.77 709.53
VGUARD 177.15 160.42 164.08 170.62 174.28 180.82 184.48 191.02
VEDL 232.65 218.72 222.08 227.37 230.73 236.02 239.38 244.67
IDEA 38.75 36.18 36.82 37.78 38.42 39.38 40.02 40.98
VOLTAS 536.4 495.8 505.4 520.9 530.5 546 555.6 571.1
WIPRO 330.15 315.17 319.08 324.62 328.53 334.07 337.98 343.52
WOCKPHARMA 539.05 488.32 499.78 519.42 530.88 550.52 561.98 581.62
YESBANK 200.85 146.5 158.55 179.7 191.75 212.9 224.95 246.1
ZEEL 439.35 408.9 416.05 427.7 434.85 446.5 453.65 465.3

Source - F7Net Reliable Software


Equity Pivot
03 October 2018

Disclaimer & Disclosure


This report has been prepared by PROFITMART SECURITIES PRIVATE LIMITED (hereinafter referred to as PSPL) to provide information about the company(ies) and/sector(s), if any, covered in
the report and may be distributed by it and/or its affiliated company(ies). This report is for personal information of the selected recipient/s and does not construe to be any investment, legal
or taxation advice to you. This research report does not constitute an offer, invitation or inducement to invest in securities, stock()s or other investments and PSPL is not soliciting any action
based upon it. This report is not for public distribution and has been furnished to you solely for educational purpose and for your general information and should not be reproduced or
redistributed to any other person in any form. This report does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or
needs of individual clients. Before acting on any content or advice or recommendation in this report/material, investors should consider whether it is suitable for their particular circumstances
and, if necessary, seek professional advice. The price and value of the investments referred to in this material and the income from them may go down as well as up, and investors may realize
losses on any investments. Past performance is not a guide for future performance, future returns are not guaranteed and a loss of original capital may occur. We may have business
relationships with some companies covered by our Research Department. Investors should assume that PSPL and/or its affiliates are seeking or will seek business from the company or
companies that are the subject of this material/report and that the research professionals who were involved in preparing this material may educate investors on investments in such
business. Author of this report, research professionals responsible for the preparation of this document may interact with trading desk personnel, sales personnel and other parties for the
purpose of gathering, applying and interpreting information. Our research professionals are paid on the profitability of PSPL which may include earnings from broking and other business. PSPL
generally prohibits its analysts, persons reporting to analysts, and members of their households from maintaining a financial interest in the securities or derivatives of any companies that the
analysts cover. Additionally, PSPL generally prohibits its analysts and persons reporting to analysts from serving as an officer, director, or advisory board member of any companies that the
analysts cover. Our salespeople, traders, and other professionals or affiliates may provide oral or written market commentary or trading strategies to our clients that reflect opinions that are
contrary to the opinions expressed herein. In reviewing these materials, you should be aware that any or all of the foregoing among other things, may give rise to real or potential conflicts of
interest. PSPL and its affiliated company(ies), their directors and employees and their relatives may; (a) from time to time, have a long or short position in, act as principal in, and buy or sell
the securities or derivatives thereof of companies mentioned herein. (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a
market maker in the financial instruments of the company(ies) discussed herein or act as an advisor or lender/borrower to such company(ies) or may have any other potential conflict of
interests with respect to any recommendation and other related information and opinions.; however the same shall have no bearing whatsoever on the specific recommendations made by
the analyst(s), as the recommendations made by the analyst(s) are completely independent of the views of the affiliates of PSPL even though there might exist an inherent conflict of interest
in some of the stocks mentioned in the research report Reports based on technical and derivative analysis center on studying charts company's price movement, outstanding positions and
trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's fundamental analysis. Unauthorized disclosure, use,
dissemination or copying (either whole or partial) of this information, is prohibited. The person accessing this information specifically agrees to exempt PSPL or any of its affiliates or
employees from, any and all responsibility/liability arising from such misuse and agrees not to hold PSPL or any of its affiliates or employees responsible for any such misuse and further agrees
to hold PSPL or any of its affiliates or employees free and harmless from all losses, costs, damages, expenses that may be suffered by the person accessing this information due to any errors
and delays. The information contained herein is based on publicly available data or other sources believed to be reliable. Any statements contained in this report attributed to a third party
represent PSPL’s interpretation of the data, information and/ or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have
not been reviewed by the third party. This Report is not intended to be a complete statement or summary of the securities, markets or developments referred to in the document. While we
would endeavor to update the information herein on reasonable basis, PSPL and/or its affiliates are under no obligation to update the information. Also there may be regulatory, compliance,
or other reasons that may prevent PSPL and/or its affiliates from doing so. PSPL or any of its affiliates or employees shall not be in any way responsible and liable for any loss or damage that
may arise to any person/entity from any inadvertent error in the information contained in this report. PSPL or any of its affiliates or employees do not provide, at any time, any express or
implied warranty of any kind, regarding any matter pertaining to this report, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-
infringement. The recipients of this report should rely on their own investigations. This report is intended for distribution to clients/customers, employees and associates of PSPL. Recipients of
this report should seek advice of their independent financial advisor prior to taking any investment decision based on this report or for any necessary explanation of its contents. PSPL and it's
associates may have managed or co-managed public offering of securities and/or may have received compensation for brokerage services, may have received any compensation for products
or services other than brokerage services from the subject company in the past 12 months. PSPL and it's associates, research person(s), author of this report have not received any
compensation or other benefits from the subject company or third party in connection with this research report. Subject Company may have been a client of PSPL or its associates during
twelve months preceding the date of distribution of the research report PSPL and/or its affiliates and/or employees may have interests/positions, financial or otherwise of over 1 % at the end
of the month immediately preceding the date of publication of the research in the securities mentioned in this report. To enhance transparency, PSPL has incorporated a Disclosure of Interest
Statement in this document. This should, however, not be treated as endorsement of the views expressed in the report.

Analyst, Author of this report: - Chinmay Barve

Certification by Analyst(s), Author of this Report


The views expressed in this report accurately reflect the personal views of the analyst(s), author of this report about the subject securities or issues, and no part of the compensation of the research
analyst(s), author of this report was, is, or will be directly or indirectly related to the specific recommendations and views expressed by research analyst(s), author of this report; in this report. The research
analyst()s, author of this report, strategists, or research associates principally responsible for preparation of this report and/or for any other PSPL research report/material; receive compensation based
upon various factors, including quality of research, investor client feedback, stock picking, competitive factors and firm revenues.

Disclosure of Interest Statement where there is interest in Stocks, Companies mentioned in this report.

Ownership of the stock(s), company(ies) that are mentioned in this report by Analyst(s), author of this report - No

Analyst(s), author of this report served as an officer, director or employee of Companies mentioned in this report – No

SEBI Registration Number – INH000005582 as per SEBI (Research Analysts) Regulations, 2014.

You might also like