Market Radar

13-11-2019

12700

Nifty Outlook: 12200

11700
Nifty bounced from near 11850 as expected.
11200
Lower opening today would find buyers near
10700
11870-860 region and may lift Nifty towards
Resistance 11921 / 11960
11950 where some profit booking may be 10200
Pivot 11898
seen. Major upside on push above 12030- 9700
Support 11864 / 11819 Nifty - Daily
12050. On the flip side, reduce longs if NIfty 9200

24 May
29 May

04 Sep
09 Sep
13 Sep
18 Sep
23 Sep
26 Sep
01 Aug
06 Aug
09 Aug
16 Aug
21 Aug
26 Aug
29 Aug

01 Oct
07 Oct
11 Oct
16 Oct
22 Oct
25 Oct
30 Oct
04 Nov
07 Nov
03 Jul
08 Jul
11 Jul
16 Jul
19 Jul
24 Jul
29 Jul

00 Jan
00 Jan
03 Jun
07 Jun
12 Jun
17 Jun
20 Jun
25 Jun
28 Jun
fails to hold above 11850-800 region.
Near term scenario Best case: 11500/12300 Worst case: 10300/9500

Traders' corner Yesterday's picks

Stocks Ltp %Chg S2 S1 PV R1 R2 Bias Notes Stocks %gain/loss

ASTRAMICRO 80.4 6.35 74 77 79 82.3 84.1 MACD above signal, range breakout seen. BFINVEST 4.92
YESBANK 73 5.87 68 70 72 75 76 Near 100 DMA, MACD positive. BSE 1.36
HINDALCO 200.15 -1.82 197 198 201 203 206 Off trendline resistance, MACD exhaustion seen. NCC 1.03
ADANIENT 210.85 1.35 204 207 210 213 216 RSI Overbought, MACD exhaustion seen. VBL -2.02

Note: The rationale mentioned above are valid for the day only. Kindly use them accordingly. 1.32

Opening Sentiments
Global Equities Commodities & Currencies FII/DII activity (Rs. Cr.) 1.50
6000 Sector performance (%)
Indices %Chg Asset Last %Chg 1.00
4000
0.50
NIKKEI -0.14 CRUDE 62 -0.82
2000 0.00
SHANGHAI -0.33 COPPER 47230 -0.46
0 -0.50
SGX NIFTY -0.29 GOLD 1458.29 0.30
-1.00
S&P500 0.26 USDINR 71.35 0.43 -2000
11-Nov 8-Nov 7-Nov 6-Nov 5-Nov 4-Nov
Economic calendar - pg 4... FII DII

Headlines
Asian markets are trading in red with
Hang Seng down ~2% as investors awaited
clarity on trade deal between US-China
and unrest in Hong Kong.
US markets moved higher led by gains in
Disney and Facebook amid remarks from
Trump about Chinese enthusiasm for
trade deal.
European markets closed higher amid
hopes that US may delay the decision to
impose tariffs on EU autos by six months.
News
ULTRATECH TO SELL STAKE IN
COAI ON SPECTRUM AUCTION MORE EYES ON YESBANK
ECBL
The government is well within its rights to hold UltraTech Cement Ltd on November 12 said it Sunil Munjal, chairman of Hero Corporate
spectrum auction in the current financial year will sell its entire stake in Bangladesh-based Services Ltd, and Hemendra Kothari, veteran
if it so desires, but old operators, reeling Emirates Cement Bangladesh Ltd (ECBL) and investment banker and founder of DSP Group,
under the impact of Supreme Court’s ruling on Emirates Power Company Ltd (EPCL) to have held separate talks with Yes Bank Ltd to
statutory dues, are unlikely to participate, Germany's Heidelberg Cement for an purchase stakes of 5-10% each in the cash-
Cellular Operators Association of India said. enterprise value of USD 29.5 million (about Rs starved private lender, three people aware of
Industry body’s DG Mr. Mathews said given the 211.48 crore). UltraTech Cement Middle East the matter said. The two businessmen
latest adjusted gross revenue judgment from Investments Limited (UCMEIL), UltraTech's expressed their intention to invest following
the apex court and the sector's deep crisis, the UAE-based wholly-owned subsidiary, has discussions over the past fortnight, the
older operators are unlikely to have the entered into a "binding agreement with people cited above said. If both investments
wherewithal to bid for spectrum. Heidelberg Cement Bangladesh Ltd for proceed, the bank could receive a total of up
divesting its entire shareholding in ECBL and to ₹3,500 crore, these people said on
EPCL", the Aditya Birla Group firm said in a condition of anonymity.
regulatory filing.

Oil price steadied after the comments
from Trump throwing some light on the
trade deal with China.
Gold price bounced back from
Tuesday's low and the trendline
support region hinting at a reversal in
coming days.
ECO DATA: INDIA CPI (OCT) today.
Q2 Earnings: BATAINDIA, BHEL, IRCTC,
CADILAHC, MUTHOOTFIN
TCS EXPANDS ITS BFSI PLATFORM
TATAPOWER BAGS ORDER INFY IN FOCUS AGAIN
DEAL
Tata Power will develop 50 megawatts at IT services behemoth TCS announced an Days after a whistle-blower letter
Dholera Solar Park in Gujarat. Tata Power expansion of its long-term partnership with accused Infosys CEO Salil Parekh of “unethical
announced after trading hours on Monday, 11 Phoenix Group, Europe’s largest life and practices”, another such letter has now
November 2019, that its wholly owned pension consolidator, to drive the growth and surfaced, which has brought in several personal
subsidiary, Tata Power Renewable Energy transformation of the Standard Life business allegations against him. Addressed to
(TPREL), has received a Letter of Award (LoA) and meet the future needs of its customers, independent directors of the board and the
from Gujarat Urja Vikas Nigam (GUVNL) on 7 workplace clients, and their advisers. TCS will chairman of Nomination and Remuneration
November 2019 to develop a 50 megawatts also expand its presence in Scotland following Committee (NRC) at Infosys, the undated letter
(MW) solar project in Dholera Solar Park in this deal, with an operations service hub in alleged that while Parekh continues to remain
Gujarat. This LoA is in addition to the 250 MW Edinburgh. The expanded partnership will absent in the headquarters in Bengaluru, he
solar project being set up by the company at result in the digital transformation of Standard prefers to stay in Mumbai to protect his
Dholera Solar Park. Life’s pensions and savings operations onto personal investments in small companies.
the TCS BFSI Digital Platform, powered
by TCS BaNCS.
 Earnings Trends
Announced status - Nifty50 Earnings growth (%) - NSE (QoQ)
22.91
5

29.78

45
Reported Yet to report
Net profit growth Net profit de-growth

Earnings - Nifty-50 Earnings - Other major stocks

Price 52 Week Net profit Price 52 Week Net profit

Stocks Exp. Q1 Date %Chg 1D %Chg 1Wk High Low QoQ YoY Stocks Exp. Q1 Date %Chg 1D %Chg 1Wk High Low QoQ YoY

TCS 10-10-2019 -1.36 -4.24 2285.0 1749.6 10.4 13.3 GODREJIND 12-11-2019 1.42 1.64 561.0 376.0 -404 -13.26

INDUSINDBK 10-10-2019 1.56 6.86 1834.4 1188.1 284.2 50.3 SHRIRAMEPC 12-11-2019 -0.74 -14.10 14.1 6.6 -42.9 -87.15

INFY 11-10-2019 -0.53 -0.65 847.0 596.6 0.2 -1.3 BDL 12-11-2019 1.83 0.38 350.0 225.0 62.4 275.66

HINDUNILVR 14-10-2019 -0.24 -3.56 2190.0 1636.6 20.2 21.2 VINATIORGA 12-11-2019 0.43 -5.65 2393.0 1375.3 33.6 69.17

WIPRO 15-10-2019 0.02 -0.06 301.6 227.0 43.5 39.8 VIDHIING 12-11-2019 -0.54 -0.54 89.8 50.9 10.9 19.44

ZEEL 17-10-2019 6.23 3.14 506.9 199.2 -35.9 -47.6 WALCHANNAG 12-11-2019 -0.88 -1.82 110.8 51.2 -105.3 -50.23

HDFCBANK 17-10-2019 0.73 2.26 1282.7 952.0 7.8 26.8 MARKSANS 12-11-2019 4.11 -2.88 33.5 11.4 110 -3.88

RELIANCE 18-10-2019 -1.22 -2.05 1489.7 1055.0 13.4 9.5 AIAENG 12-11-2019 1.90 2.42 1865.0 1482.1 171.0 108.17

ULTRACEMCO 21-10-2019 -0.25 -2.40 4905.0 3332.5 -37.2 72.3 PRESTIGE 12-11-2019 -1.10 1.10 327.0 170.7 89.9 139.15

INFRATEL 21-10-2019 1.03 2.65 335.0 176.4 22.9 18.6 ISFT 12-11-2019 -2.56 12.07 228.9 65.1 3996.5 -268.95

BAJFINANCE 22-10-2019 0.23 1.36 4280.0 2233.1 23.6 49.6 FCONSUMER 12-11-2019 0.00 -5.08 52.6 21.6 20.1 -796.09

BAJAJFINSV 22-10-2019 0.96 2.26 8950.0 5536.1 18962 18.3 SANGHVIMOV 12-11-2019 -1.09 -7.40 142.4 67.7 -73 -93.64

ASIANPAINT 22-10-2019 -1.16 -0.67 1834.8 1252.2 64.8 64.5 EDELWEISS 13-11-2019 4.96 23.25 210.5 67.0

AXISBANK 22-10-2019 1.13 -1.20 827.8 580.5 -107.4 -114.2 LUXIND 13-11-2019 1.66 -0.06 1580.0 984.0

KOTAKBANK 22-10-2019 1.04 2.92 1684.0 1122.4 22.5 51.1 UFLEX 13-11-2019 -1.95 -3.12 321.8 183.7

LT 23-10-2019 -0.42 -2.42 1607.0 1201.1 -16.6 13.1 SEQUENT 13-11-2019 -2.76 -10.59 89.4 61.5

BAJAJ-AUTO 23-10-2019 -0.25 0.79 3289.0 2442.2 7.4 21.7 SADBHIN 13-11-2019 0.62 -4.59 109.9 37.6

JSWSTEEL 23-10-2019 0.76 0.68 353.8 201.8 67.2 29.6 SHANKARA 13-11-2019 0.26 -3.81 1024.0 241.0 20.5 83.11

HCLTECH 23-10-2019 -0.36 -0.86 1187.6 920.0 9.9 3.6 SHREEPUSHK 13-11-2019 2.70 1.28 202.6 80.3

HEROMOTOCO 23-10-2019 -2.00 -1.87 3380.0 2225.6 19.8 -10.4 SHIVAMAUTO 13-11-2019 11.55 22.45 52.4 17.3

MARUTI 24-10-2019 -0.88 -3.86 7949.8 5446.1 -24.3 -39.4 NATCOPHARM 13-11-2019 0.14 -1.92 750.0 480.0

ITC 24-10-2019 -0.40 -0.50 310.0 234.1 15.5 36.2 MAJESCO 13-11-2019 -2.71 -1.66 587.1 399.3

SBIN 25-10-2019 0.71 1.26 373.8 244.4 259.2 218.7 GRUH 13-11-2019 0.00 0.00 335.4 204.6

TATAMOTORS 25-10-2019 1.75 -0.12 239.4 106.0 -1307.2 -1274.6 SNOWMAN 13-11-2019 0.53 -4.79 43.9 26.6

ICICIBANK 26-10-2019 1.50 5.59 499.0 336.0 -32.4 -27.9 SELMCL 13-11-2019 -12.50 0.00 1.7 0.5

IOC 31-10-2019 1.16 -2.24 170.8 116.3 -90.8 -82.6 ABB 13-11-2019 -0.37 0.04 1670.0 1212.0

DRREDDY 01-11-2019 -0.23 0.64 2964.0 1873.0 573.1 294.3 DOLPHINOFF 13-11-2019 0.00 0.00 59.8 5.7

YESBANK 01-11-2019 5.87 10.36 286.0 29.0 -60.2 -162.2 GSS 13-11-2019 4.80 -2.83 144.8 20.6

HDFC 04-11-2019 0.06 2.44 2357.9 1784.6 38.4 60.6 MERCATOR 13-11-2019 4.00 18.18 18.5 0.7

TECHM 05-11-2019 -0.12 0.12 846.5 607.2 42.37 4.58 MEGASOFT 13-11-2019 0.72 -2.11 11.0 5.6

TITAN 05-11-2019 -0.09 -11.02 1390.0 868.2 8.68 1.84 PFOCUS 13-11-2019 1.01 31.27 86.9 31.3

CIPLA 06-11-2019 -1.65 -2.87 586.0 389.6 16.29 29.71 MCDHOLDING 13-11-2019 -1.91 -2.18 31.5 14.3

TATASTEEL 06-11-2019 0.88 -1.88 610.6 320.4 54.06 17.44 PSB 13-11-2019 -1.02 -6.51 35.4 16.7

POWERGRID 07-11-2019 0.05 -1.54 216.3 172.5 -17.25 9.37 LEMONTREE 13-11-2019 -1.61 -7.95 89.3 47.0

BPCL 07-11-2019 2.95 -0.88 545.0 295.2 -45.33 40.19 THERMAX 13-11-2019 0.57 -5.36 1198.0 927.4

SUNPHARMA 07-11-2019 -0.15 -3.77 592.9 344.6 -22.93 -202.12 MIRZAINT 13-11-2019 0.32 2.22 90.2 49.6

UPL 07-11-2019 -1.26 -7.64 709.1 477.6 -598.84 23.28 LOVABLE 13-11-2019 1.70 -4.11 125.9 56.1

EICHERMOT 08-11-2019 -1.44 -1.67 25350.0 15200.0 18.74 18.51 SKIPPER 13-11-2019 -2.09 -4.66 99.0 39.8

NESTLEIND 08-11-2019 -2.51 -4.76 15146.9 9878.8 BYKE 13-11-2019 7.62 8.39 80.0 14.6

GAIL 08-11-2019 2.60 -4.89 184.9 119.5 -5.17 -45.78 DEEPAKFERT 13-11-2019 -2.15 -12.35 211.7 76.2

M&M 08-11-2019 -0.86 -1.94 814.0 502.6 42.86 -26.49 CANDC 13-11-2019 0.00 0.00 33.7 2.5

NTPC 09-11-2019 0.72 -1.91 145.9 106.7 -25.01 34.48 RAIN 13-11-2019 0.10 0.77 184.3 77.1

BRITANNIA 11-11-2019 -1.22 -3.71 3583.8 2300.0 70.04 73.71 PIDILITIND 13-11-2019 -2.44 -5.60 1493.5 1020.0

COALINDIA 11-11-2019 0.29 -2.40 271.5 177.7 -97.51 -82.45 CADILAHC 13-11-2019 -0.84 -4.63 375.4 206.5

HINDALCO 11-11-2019 -1.82 1.11 237.9 171.1 -66.92 -74.76 SICAGEN 13-11-2019 2.53 4.89 31.5 14.3

ADANIPORTS 11-11-2019 0.45 -0.79 430.6 292.1 -27.97 -29.34 ORIENTPPR 13-11-2019 0.00 -2.19 48.5 20.3

BHARTIARTL 14-11-2019 0.64 -1.72 397.0 258.9 BALAJITELE 13-11-2019 -1.06 2.95 108.0 45.0

GRASIM 14-11-2019 -0.89 -2.13 959.8 633.6 SYMPHONY 13-11-2019 4.65 2.04 1589.1 951.1

ONGC 0.58 -5.63 178.9 115.6 TDPOWERSYS 13-11-2019 -0.65 -0.14 169.0 115.1
Pivots
Asset LTP %Chg 50 DMA 200 DMA 3M Low S2 S1 Pivot R1 R2 3M High Pivot position
NIFTY 11908.15 -0.87 11376.8 11362.3 10705 11798 11853 11944 11999 12089 12012 S1 <> PV
BANKNIFTY 30749.4 0.38 28777.4 29071.6 26758 30183 30466 30787 31071 31392 31116 Near & < PV
ADANIPORTS 386.15 -1.10 390.9 382.1 345 382 384 388 390 393 422 S1 <> PV

ASIANPAINT 1794.85 -1.76 1709.2 1498.7 1520 1768 1782 1804 1818 1840 1827 S1 <> PV

AXISBANK 725.5 -1.26 692.4 727.1 638 715 720 728 733 741 748 S1 <> PV

BAJAJ-AUTO 3245.55 -0.62 2979.8 2876.7 2671 3203 3224 3257 3278 3310 3266 S1 <> PV

BAJAJFINSV 8818.85 -0.16 7949.3 7446.7 6767 8640 8729 8840 8929 9040 8903 Near & < PV
BAJFINANCE 4159.45 -1.57 3809.0 3273.8 3114 4090 4125 4182 4217 4274 4228 S1 <> PV
BHARTIARTL 369.15 -0.70 359.6 333.4 336 361 365 371 374 380 394 S1 <> PV
BPCL 502.75 -2.04 459.9 387.4 313 491 497 506 512 522 534 S1 <> PV

CIPLA 462.5 -1.98 454.2 516.2 408 456 459 465 468 473 481 S1 <> PV

COALINDIA 209.25 -1.53 198.1 224.4 181 203 206 211 214 219 215 S1 <> PV

DRREDDY 2822.1 -1.71 2723.7 2684.4 2493 2784 2803 2831 2851 2879 2871 S1 <> PV

EICHERMOT 21689.65 1.24 18663.8 19456.9 15383 20793 21241 21648 22097 22504 22538 Near & > PV

GAIL 127.05 -3.82 130.9 152.6 121 122 125 128 131 134 141 S1 <> PV

GRASIM 774 -0.50 722.0 803.6 649 761 767 777 783 793 784 S1 <> PV

HCLTECH 1150.1 0.14 1094.5 1067.3 1033 1135 1143 1154 1161 1172 1163 S1 <> PV

HDFC 2233.2 -0.79 2086.0 2063.1 1969 2191 2212 2232 2253 2274 2251 Near & > PV

HDFCBANK 1255.6 -0.64 1195.8 1149.9 1081 1242 1249 1258 1265 1274 1265 Near & < PV

HEROMOTOCO 2646.95 -0.52 2663.5 2642.8 2532 2609 2628 2660 2679 2711 2863 S1 <> PV

HINDALCO 203.85 -0.66 190.2 196.6 176 201 202 205 206 209 205 S1 <> PV

HINDPETRO 293.95 -5.31 292.3 273.3 226 280 287 299 306 319 325 S1 <> PV

HINDUNILVR 2086.4 -2.42 1994.7 1814.0 1805 2043 2065 2105 2127 2167 2179 S1 <> PV

IBULHSGFIN 241.65 1.38 314.4 592.7 173 212 227 243 258 275 573 S1 <> PV

ICICIBANK 489.45 2.28 433.9 405.8 387 473 481 489 497 504 497 Near & > PV

INDUSINDBK 1422.8 2.96 1347.1 1483.7 1223 1312 1368 1411 1466 1509 1548 PV <> R1

INFRATEL 218.3 -4.86 243.1 272.7 183 208 213 221 226 234 264 S1 <> PV

INFY 708.15 -1.66 764.1 749.4 635 694 701 713 720 731 840 S1 <> PV

IOC 134.05 -1.33 137.5 144.8 117 132 133 135 135 137 152 S1 <> PV

ITC 260.5 -2.01 249.4 273.7 236 257 259 262 264 267 266 S1 <> PV

JSWSTEEL 250 -1.05 225.7 260.3 206 244 247 252 255 260 253 S1 <> PV

KOTAKBANK 1600.25 1.03 1552.8 1435.4 1410 1559 1580 1593 1614 1627 1648 PV <> R1

LT 1423 -0.84 1409.5 1395.6 1287 1402 1413 1430 1441 1458 1529 S1 <> PV

M&M 580 -0.06 562.0 618.9 506 565 572 584 592 604 617 S1 <> PV

MARUTI 7200.55 -1.19 6795.1 6690.3 5815 7058 7129 7250 7321 7441 7721 S1 <> PV

NTPC 117.4 -1.80 119.9 125.5 115 116 116 118 119 120 127 S1 <> PV

ONGC 138.3 -2.64 133.3 148.3 117 134 136 140 142 146 147 S1 <> PV

POWERGRID 191.65 -1.31 199.2 195.9 188 188 190 193 194 197 211 S1 <> PV

RELIANCE 1445.5 -0.90 1327.2 1295.0 1179 1430 1438 1449 1456 1467 1479 Near & < PV

SBIN 316 -0.68 281.1 306.0 249 311 313 317 320 324 319 S1 <> PV

SUNPHARMA 422.1 -4.20 414.1 424.9 380 407 414 428 436 450 450 S1 <> PV

TATAMOTORS 169.05 -1.43 134.2 162.1 108 161 165 172 176 183 178 S1 <> PV

TATASTEEL 397.95 -1.28 361.3 451.6 325 389 393 400 404 411 409 S1 <> PV

TCS 2129.95 -2.54 2098.2 2071.5 1987 2082 2106 2148 2172 2213 2276 S1 <> PV

TECHM 771.35 0.21 720.5 741.4 639 766 768 773 776 781 773 Near & < PV

TITAN 1156.75 -0.90 1220.7 1145.9 1037 1142 1150 1161 1168 1180 1375 S1 <> PV

ULTRACEMCO 4147.25 -0.96 4121.9 4177.8 3838 4088 4117 4156 4186 4225 4396 Near & < PV

UPL 555.85 -3.78 580.1 597.5 503 539 547 561 569 583 607 S1 <> PV

VEDL 155.5 -3.39 148.3 162.8 129 151 153 157 160 164 166 S1 <> PV

WIPRO 256.4 -1.25 248.0 267.9 234 253 255 258 260 263 260 S1 <> PV

YESBANK 68.95 3.76 55.9 139.3 32 61 65 69 73 77 79 PV <> R1

Traders' corner stocks - the week so far

Monday Tuesday Wednesday Thursday Friday
S.No
Stocks %gain* Stocks %gain Stocks %gain Stocks %gain Stocks %gain
1 BFINVEST 4.92
2 BSE 1.36
3 NCC 1.03
4 VBL -2.02

Avg. return 1.32

* For calculation purposes, the exit price is assumed to be at the day's high if %chg is >0.5%, or at the day's close, if %chg is <0.5%. Entry is assumed to be done at the day's opening price.
Economic Calendar
1 Nov, Friday
 Japan's unemployment rate Sep
 China/Japan/UK/US manufacturing
PMI Oct
 US Nonfarm Payrolls Oct
 ISM manufacturing Employment Oct
 Fed Williams/Clarida/Quarles Speech
 US Baker Hughes oil rig count 01/Nov
 India Manufacturing PMI
 Domestic Vehicle sales Oct
 Domestic Earnings : Yes
Bank/BankIndia/CentralBank/DRREDD
Y
6 Nov, Wednesday
 API Crude oil stock change Nov/01
 BoJ monetary policy minutes
 Japan/Euro Area Services PMI final
Oct
 Euro area retail sales Sep
 US EIA crude Oil stocks Change
01/Nov
 ECB non-monetary policy meeting
 Domestic Earnings : Canbk/Cipla/
Tatasteel/ Lupin/ Take/ Voltas/
Radico/Ibulhsgfin/ Boschltd
11 Nov, Monday
 Japan Current account Sep
 BoJ summary of Opinions
 China Vehicle sales Oct
 UK trade balance/GDP/ IIP Sep
16 Nov, Saturday
21 Nov, Thursday
 FOMC minutes
 US initial & continuing jobless claims
Nov/16
 US existing home sales Oct
26 Nov, Tuesday
 US new home sales Oct
2 Nov, Saturday
 Fed Williams Speech
 US total vehicle sales Oct
 Domestic Earnings : Escorts/Unichemlab
7 Nov, Thursday
 BoE interest rate decision meeting
 US initial & continuing jobless claims
Nov/02
 Domestic Earnings : BPCL/ Gabriel/
WockPharma/ IGL
12 Nov, Tuesday
 UK Unemployment rate Sep
 India IIP Sep/ CPI Oct
 Indian Markets Holiday - Gurunanak
Jayanti
17 Nov, Sunday
22 Nov, Friday
 Japan inflation rate Oct
 Japan/ Germany/ Euro Area/US
manufacturing & services PMI flash Nov
 RBI FX reserves Nov/15
 US Baker Hughes Rig Count 22/Nov
27 Nov, Wednesday
 China's industrial profits Oct
 US GDP Q3 estimates/ Durable Goods
Orders Oct
 US EIA Crude Oil stocks Change 22/Nov
3 Nov, Sunday 4 Nov, Monday
 Euro/Germany manufacturing PMI Final
Oct
 UK construction PMI
 US Factory Orders Sep
 Domestic Earnings :
HDFC/CanfinHome/IOB/Sparc/Persisten
t/ BEL
8 Nov, Friday 9 Nov, Saturday
 China/Germany trade balance Oct  China Inflation/PPI Oct
 RBI FX reserves Nov/01
 US Baker Hughes Oil Rig Count 08/Nov
 Ecofin Meeting
13 Nov, Wednesday 14 Nov, Thursday
 UK inflation/retail sales Oct  US monthly budget statement Oct
 US inflation Oct  Japan/ Euro Area GDP growth rate Q3
 China IIP/Retail sales Oct
 US initial & continuing jobless claims
 US EIA crude oil stocks change 08/Nov
 India WPI Oct
18 Nov, Monday 19 Nov, Tuesday
 Euro Area current account Sep
23 Nov, Saturday 24 Nov, Sunday
28 Nov, Thursday 29 Nov, Friday
 US initial & continuing jobless claims  Japan unemployment rate Oct/ IIP prel
Oct/ retail sales Oct
 RBI FX reserves Nov/22
 India GDP growth rate Q2
 US Baker Hughes rig count 29/Nov
5 Nov, Tuesday
 China/UK/US Services PMI Oct
 UK New Car sales Oct
 US trade balance Sep
 US Non manufacturing employment Oct
 India Services PMI Oct
 Domestic Earnings :
BEML/JindalStel/Recltd/PNB/TechM/Aj
antpharm/BergerPaint/ Titan/
Torntpower
10 Nov, Sunday
15 Nov, Friday
 China FDI Oct
 UK retail sales Oct
 Euro Area trade balance Sep/ inflation
Oct
 RBI FX reserves Nov/08
 India trade balance Oct
 US retail sales/ IIP Oct
 US baker Hughes rig count 15/Nov
20 Nov, Wednesday
 US API Crude Oil stock Change Nov/15
 Japan trade balance Oct
 US EIA crude oil stocks Change 15/Nov
 ECB Non-Monetary policy meeting
25 Nov, Monday
 Germany Ifo Business climate Nov
30 Nov, Saturday
 China NBS manufacturing PMI Nov
Product basket : Technical and Derivatives Research
EQUITY

PRODUCT HOLDING PERIOD CHARACTERISTICS FREQUENCY

The aim is to capture a minimum of 1% move. All those recommendations that do not hit the target or
INTRADAY Same day 10-15 per day
stop loss are advised to be closed out at 3 10 pm.

At times, some of the price moves do not mature fully during the day. Such set ups are best played by
CASH BTST 5 days 1-3 per day
entering in the second half of the day with expectations of a momentum surge on the next day.

Uses classical technical studies to deliver moves that takes a while to mature. However, they are less
SHORT TERM 30 days 4-8 per month
volatile than BTST or intraday products, are directional and have the potential to be multibaggers.

DERIVATIVE

PRODUCT HOLDING PERIOD CHARACTERISTICS FREQUENCY

Naked options are best ploy to make use of sudden price spurts, but also brilliant in making use of
OPTIONS 1-5 days 2-3 per day
time decay, especially on approach of expiry.

OPTION
Multi legged option strategies are best suited for volatile and uncertain conditions especially ahead of
OPTION STRATEGY Till expiry events, earnings, etc. They are also ideal for generating small, but consistent incomes without 4-8 per month
worrying about direction.

Suited for those with higher risk appetite, who are looking to gain more from the  underlying’s
FUTURE 1-5 days 1-2 per day
(stock/index) move.
FUTURE

BTST/STBT 5 days Characteristics are similar to BTST product in Cash 1 per day

All our technical & derivative research recommendations can be seen and traded in SELFIE, our trading platform. You may benefit from these research products even further, by utilising leverage
facilities like MTF, BTST, Intraday etc. To know more about the same, kindly contact your nearest Geojit branch.

Technical & Derivative Research

Anand James, CFTe Chief Market Stategist

Equity desk
Tency N. Kurien Analyst
Asa Ramachandran Analyst

DISCLAIMERS & DISCLOSURES:

CERTIFICATION
I, Tency N. Kurien, author of this Report, hereby certify that all the views expressed in this research report reflect our personal views about any or all of the subject issuer or securities. This report has been prepared by the Research Team of
Geojit Financial Services Limited (formerly known as Geojit BNP Paribas Financial Services Ltd.)
COMPANY OVERVIEW
Geojit Financial Services Limited, a publically listed company, is engaged in services of retail broking, depository services, portfolio management and marketing investment products including mutual funds, insurance and properties. Geojit
Financial Services Limited is a SEBI registered Research Entity and as such prepares and shares research data and reports periodically with clients, investors, stake holders and general public in compliance with Securities and Exchange Board of
India Act, 1992, Securities And Exchange Board Of India (Research Analysts) Regulations, 2014 and/or any other applicable directives, instructions or guidelines issued by the Regulators from time to time.
DISTRIBUTION OF REPORTS
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as clients by virtue of their receiving this report.
GENERAL REPRESENTATION
The research reports do not constitute an offer or solicitation for the purchase or sale of any financial instruments, inducements, promise, guarantee, warranty, or as an official confirmation of any transaction or contractual obligations of any
kind. This report is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The information contained herein is from publicly available data or other sources believed to be
reliable, but we do not represent that it is accurate or complete and it should not be relied on as such. We have also reviewed the research report for any untrue statements of material facts or any false or misleading information. While we
endeavour to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so.
RISK DISCLOSURE
Geojit Financial Services Limited and/or its Affiliates and its officers, directors and employees including the analyst/authors shall not be in any way be responsible for any loss or damage that may arise to any person from any inadvertent error
in the information contained in this report. Investors may lose his/her entire investment under certain market conditions so before acting on any advice or recommendation in these material, investors should consider whether it is suitable for
their particular circumstances and, if necessary, seek professional advice. This report does not take into account the specific investment objectives, financial situation/circumstances and the particular needs of any specific person who may
receive this document. The user assumes the entire risk of any use made of this information. Each recipient of this report should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the
securities of companies referred to in this report (including the merits and risks involved). The price, volume and income of the investments referred to in this report may fluctuate and investors may realize losses that may exceed their original
capital.
TECHNICAL DISCLAIMER
We have prepared this report based on information believed to be reliable. The recommendations herein are based on 12 month horizon, unless otherwise specified. The investment ratings are on absolute positive/negative return basis. It is
possible that due to volatile price fluctuation in the near to medium term, there could be a temporary mismatch to rating. For reasons of valuations/return/lack of clarity/event we may revisit rating at appropriate time. The stocks always carry
the risk of being upgraded to buy or downgraded to a hold, reduce or sell. The opinions expressed are subject to change but we have no obligation to tell our clients when our opinions or recommendations change. This report is non-inclusive and
does not consider all the information that the recipients may consider material to investments. This report is issued by Geojit Financial Services Ltd without any liability/undertaking/commitment on the part of itself or any of its entities. We
may have issued or may issue on the companies covered herein, reports, recommendations or information which is contrary to those contained in this report.

The securities described herein may not be eligible to all categories of investors. Reports based on technical analysis is focused on studying charts of a stock's price movement 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 fundamentals. We may have issued or may issue on the companies covered herein, reports, recommendations or information which is contrary to those contained in this
report. Opinions expressed herein are our current opinions as of the date appearing on this report only.
JUSRISDICTION
The securities described herein may not be eligible for sale in all jurisdictions or to all categories of investors. The countries in which the companies mentioned in this report are organized may have restrictions on investments, voting rights or
dealings in securities by nationals of other countries. Distributing/taking/sending/dispatching/transmitting this document in certain foreign jurisdictions may be restricted by law, and persons into whose possession this document comes should
inform themselves about, and observe any such restrictions. Failure to comply with this restriction may constitute a violation of any foreign jurisdiction laws. Foreign currencies denominated securities are subject to fluctuations in exchange
rates that could have an adverse effect on the value or price of or income derived from the investment. Investors in securities such as ADRs, the value of which are influenced by foreign currencies effectively assume currency risk.
REGULATORY DISCLOSURES:
Geojit Financial Services Ltd’s Associates consists of companies such as Geojit Technologies Private Limited (GTPL- Software Solutions provider), Geojit Credits Private Limited (GCPL- NBFC Services provider), Geojit Investment Services Limited
(GISL- Corporate Agent for Insurance products), Geojit Financial Management Services Private Limited (GFMSL) &Geojit Financial Distribution Private Limited (GFDPL), (Distributors of Insurance and MF Units).In the context of the SEBI
Regulations on Research Analysts (2014), Geojit Financial Services Limited affirms that we are a SEBI registered Research Entity and in the course of our business as a stock market intermediary, we issue research reports /research analysis etc
that are prepared by our Research Analysts. We also affirm and undertake that no disciplinary action has been taken against us or our Analysts in connection with our business activities.
In compliance with the above mentioned SEBI Regulations, the following additional disclosures are also provided which may be considered by the reader before making an investment decision:
1. Disclosures regarding Ownership*:
Geojit Financial Services Limited confirms that:
(i) Geojit Financial Services Limited /its associates do not have financial interest in relation to the subject company (ies) covered herein/ has other material conflict in relation to subject company (State the nature of such financial interest)
It/its associates have no actual beneficial ownership greater than 1% in relation to the subject company (ies) covered herein.
Further, the Analyst confirms that:
(i) he, his associates and his relatives have financial interest in the subject company (ies) covered herein, and they have no other material conflict in the subject company.
(ii) he, his associates and his relatives have no actual/beneficial ownership greater than 1% in the subject company covered
2. Disclosures regarding Compensation:
During the past 12 months, Geojit Financial Services Limited or its Associates:
(a) Have not received any compensation from the subject company; (b) Have not managed or co-managed public offering of securities for the subject company (c) Have not received any compensation for investment banking or merchant banking
or brokerage services from the subject company (d) Have not received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject and is in receipt of compensation from
the subject company.” (e) Have not received any compensation or other benefits from the subject company or third party in connection with the research report (f) The subject company is / was not a client during twelve months preceding the
date of distribution of the research report.
3. Disclosure by Geojit Financial Services Limited regarding the compensation paid to its Research Analyst:
Geojit Financial Services Limited hereby confirms that no part of the compensation paid to the persons employed by it as Research Analysts is based on any specific brokerage services or transactions pertaining to trading in securities of
companies contained in the Research Reports.
4. Disclosure regarding the Research Analyst’s connection with the subject company:
It is affirmed that the I, Tency N. Kurien, Research Analyst(s) of Geojit Financial Services Limited have not served as an officer, director or employee of the subject company.
5. Disclosure regarding Market Making activity:
Neither Geojit Financial Services Limited /its Analysts have engaged in market making activities for the subject company.
Please ensure that you have read the “Risk Disclosure Documents for Capital Market and Derivatives Segments” as prescribed by the Securities and Exchange Board of India before investing.

SEBI REGISTRATION NUMBERS:

SEBI Registration No. Stock Broker : INZ000104737 | Depository Participant: IN-DP-325-2017

Portfolio Manager: INP000003203 | Investment Adviser: INA200002817 | ARN Regn. no: 0098
Research Entity SEBI Registration Number: INH200000345

CORPORATE OFFICE:

Geojit Financial Services Limited ,34/659-P, Civil Line Road, Padivattom, Kochi – 682024
Toll-Free Number : 1800-425-5501 / 1800-103-5501, Paid Number : 91 - 484 - 2901000
Email id :customercare@geojit.com, Web: www.geojit.com

Digitally signed by TENCY N KURIEN

TENCY N KURIEN DN: cn=TENCY N KURIEN, o=GEOJIT FINANCIAL SERVICES

LTD, ou, email=tency_kurien@geojit.com, c=IN
Date: 2019.11.13 08:31:00 +05'30'