TECHNICAL CALL

M or ning Cal l for 2 7 -Jul-21

Market Review: Bank Nifty

Indian markets ended a volatile session with modest losses on Bank Nifty faces an immediate resistance around 35180 levels on the
Monday. The Nifty failed to hold the 15,850 mark. While realty and upside and on a decisive close above expect a rise to 35500-35800.
auto stocks tumbled, metals, pharma and IT shares managed to end There is an immediate support at 34750-34500 levels.
in the green. The barometer index, the S&P BSE Sensex, fell 123.53
points or 0.23% to 52,852.27. The Nifty 50 index lost 31.60 points or
0.20% to 15,824.45.

Nifty Technical Outlook

Nifty is expected to open on a flattish note and likely to witness

sideways move during the day. On technical grounds, Nifty has an
immediate resistance at 15900. If nifty closes above that, further
upside can be expected towards 16000-16080 mark. On the flip side
15750-15670 will act as strong support levels. It’s a stock specific
market trade calls with strict stoploss.

Action: Nifty has an immediate resistance placed at 15900 and on

a decisive close above expect a rise to 16000-16080 levels.

Stocks With Positive Bias Stocks With Negative Bias

COROMANDEL, APOLLOHOSP, NAVINFLUOR, M&MFIN,

MFSL MCDOWELL-N

Page 1 of 5
AVP- TECHNICAL RESEARCH ANALYST SR TECHNICAL RESEARCH ANALYST RESEARCH ASSOCIATE
VIKAS SALUNKHE (vikas.salunkhe@nirmalbang.com) SWATI HOTKAR (swati.hotkar@nirmalbang.com) AYUSH MEHTA (ayush.mehta@nirmalbang.com)
 TECHNICAL CALL
M or ning Cal l for 2 7 -Jul-21

Nifty 50 Stocks: SUPPORT / RESISTANCE LEVELS

Name CLOSE S2 S1 Pivot R1 R2
Name CLOSE S2 S1 Pivot R1 R2
NIFTY 15824.45 15670 15750 15850 15900 16000 INFY 1603.9 1585.7 1594.8 1603.2 1612.3 1620.8

BANKNIFTY F 34962.80 34500 34750 34950 35180 35500 IOC 104.7 103.4 104.0 105.1 105.8 106.9

NIFTYFINSE 16639.15 16450 16540 16630 16750 16860 ITC 211.2 207.9 209.5 212.4 214.1 217.0

ADANIPORTS 682.8 666.2 674.5 682.7 691.0 699.2 JSWSTEEL 704.6 683.2 693.9 711.7 722.4 740.2

ASIANPAINT 3061.2 3009.3 3035.3 3077.1 3103.1 3144.9 KOTAKBANK 1740.6 1644.7 1692.6 1721.3 1769.3 1798.0

AXISBANK 756.3 738.8 747.5 753.8 762.5 768.8 LT 1597.6 1571.4 1584.5 1605.9 1619.0 1640.4

BAJAJ-AUTO 3836.4 3804.6 3820.5 3845.9 3861.8 3887.2 M&M 754.3 745.4 749.8 757.0 761.4 768.6

BAJAJFINSV 13525.1 12997.9 13261.5 13418.5 13682.0 13839.0 MARUTI 7235.8 7078.6 7157.2 7258.6 7337.2 7438.6

BAJFINANCE 6162.5 6095.3 6128.9 6163.6 6197.2 6231.9 NESTLEIND 18101.4 17923.0 18012.2 18100.0 18189.1 18276.9

BHARTIARTL 544.1 534.9 539.5 546.7 551.2 558.4 NTPC 119.4 117.2 118.3 119.1 120.2 121.1

BPCL 456.0 450.4 453.2 457.9 460.7 465.3 ONGC 114.6 113.3 113.9 114.8 115.4 116.3

BRITANNIA 3482.0 3403.3 3442.7 3470.3 3509.7 3537.3 POWERGRID 232.7 230.1 231.4 233.4 234.7 236.7

CIPLA 950.6 939.5 945.0 952.5 958.0 965.5 RELIANCE 2076.9 2039.8 2058.3 2089.7 2108.2 2139.6

COALINDIA 144.0 142.0 143.0 144.3 145.3 146.5 SBILIFE 1076.7 1009.1 1042.9 1073.9 1107.7 1138.7

DIVISLAB 4921.2 4779.6 4850.4 4895.5 4966.3 5011.4 SBIN 423.3 419.0 421.1 424.5 426.6 430.0

DRREDDY 5411.3 5372.2 5391.7 5419.4 5438.9 5466.6 SHREECEM 27968.3 27586.6 27777.5 28002.9 28193.8 28419.2

EICHERMOT 2563.2 2517.7 2540.5 2562.7 2585.5 2607.7 SUNPHARMA 703.4 691.4 697.4 701.2 707.2 711.0

GRASIM 1550.3 1527.3 1538.8 1552.5 1564.0 1577.7 TATACONSUM 776.4 762.5 769.4 777.7 784.6 792.9

HCLTECH 1000.3 980.4 990.4 997.2 1007.1 1013.9 TATAMOTORS 293.2 287.7 290.4 293.7 296.4 299.7

HDFC 2464.3 2444.8 2454.5 2469.8 2479.5 2494.8 TATASTEEL 1298.0 1264.6 1281.3 1294.8 1311.5 1325.0

HDFCBANK 1434.6 1419.7 1427.1 1435.6 1443.0 1451.5 TCS 3197.6 3170.8 3184.2 3204.2 3217.6 3237.6

HDFCLIFE 663.1 657.9 660.5 663.0 665.6 668.0 TECHM 1120.2 1103.1 1111.7 1125.1 1133.7 1147.1

HEROMOTOCO 2810.3 2791.5 2800.9 2817.4 2826.7 2843.2 TITAN 1722.9 1683.1 1703.0 1719.9 1739.8 1756.8

HINDALCO 400.1 385.3 392.7 397.6 404.9 409.8 ULTRACEMCO 7616.7 7338.6 7477.6 7558.8 7697.9 7779.1

HINDUNILVR 2348.7 2326.9 2337.8 2348.9 2359.8 2370.9 UPL 820.0 797.7 808.8 817.8 828.9 837.9

ICICIBANK 676.8 651.9 664.3 676.0 688.5 700.2 WIPRO 590.5 580.8 585.6 593.1 597.9 605.3

INDUSINDBK 981.3 967.1 974.2 985.4 992.5 1003.8

Source: Nirmal Bang Research
Page 2 of 5
AVP- TECHNICAL RESEARCH ANALYST SR TECHNICAL RESEARCH ANALYST RESEARCH ASSOCIATE
VIKAS SALUNKHE (vikas.salunkhe@nirmalbang.com) SWATI HOTKAR (swati.hotkar@nirmalbang.com) AYUSH MEHTA (ayush.mehta@nirmalbang.com)
 TECHNICAL CALL
M or ning Cal l for 2 7 -Jul-21

Technical Call Updates

Reco
Stock Name (Buy/Sell) Entry price Targets Stop Loss Duration Status
HINDPETRO Buy 274.20 290 266 BTST OPEN
ELECON Buy 145.00 160 138 Positional OPEN
AUROPHARMA Buy 975.40 1015 955 1-2 DAYS OPEN
MINDACORP Buy 137.00 149 131 Positional OPEN
VOLTAS Buy 1050.50 1100 1025 1-2 DAYS OPEN
DONEAR Buy 54.70 60 52 Positional OPEN
INSECTICIDE Buy 782.00 920 720 Positional OPEN
LIBERTSHOE Buy 187.80 204 178 Positional OPEN
GUFICBIO Buy 183.80 195 178 1-2 DAYS OPEN
BODALCHEM Buy 122.20 135 117 BTST OPEN
HDFCLIFE Buy 667.70 684 660 BTST OPEN
PRSMJOHNSON Buy 143.50 154 138 Positional OPEN
TITAN Buy 1722.40 1760 1700 1-2 DAYS OPEN
IOLCP Buy 695.40 725 680 Positional OPEN
SPIC Buy 62.80 68 59 Positional OPEN
MUNJALAU Buy 67.20 77 62 Positional OPEN
AUBANK Buy 1184.70 1240 1156 1-2 DAYS OPEN

Page 3 of 5
AVP- TECHNICAL RESEARCH ANALYST SR TECHNICAL RESEARCH ANALYST RESEARCH ASSOCIATE
VIKAS SALUNKHE (vikas.salunkhe@nirmalbang.com) SWATI HOTKAR (swati.hotkar@nirmalbang.com) AYUSH MEHTA (ayush.mehta@nirmalbang.com)
 TECHNICAL CALL
M or ning Cal l for 2 7 -Jul-21

DISCLAIMER

This report is for the personal information of the authorized recipient and does not construe to be any investment, legal or taxation advice to you. NBSPL is
not soliciting any action based upon it. Nothing in this research shall be construed as a solicitation to buy or sell any security or product, or to engage in or
refrain from engaging in any such transaction. In preparing this research, we did not take into account the investment objectives, financial situation and
particular needs of the reader.

This research has been prepared for the general use of the clients of NBSPL and must not be copied, either in whole or in part, or distributed or
redistributed to any other person in any form. If you are not the intended recipient you must not use or disclose the information in this research in any way.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. NBSPL will not treat recipients as
customers by virtue of their receiving this report. This report is not directed or intended for distribution to or use by any person or entity resident in a state,
country or any jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject NBSPL & its
group companies to registration or licensing requirements within such jurisdictions.

The report is based on the information obtained from sources believed to be reliable, but we do not make any representation or warranty that it is accurate,
complete or up-to-date and it should not be relied upon as such. We accept no obligation to correct or update the information or opinions in it. NBSPL or
any of its affiliates 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 report. NBSPL 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 information is subject to change without any prior notice. NBSPL reserves its absolute discretion and right to make or refrain from making
modifications and alterations to this statement from time to time. Nevertheless, NBSPL is committed to providing independent and transparent
recommendations to its clients, and would be happy to provide information in response to specific client queries.

Before making an investment decision on the basis of this reserch, the reader needs to consider, with or without the assistance of an adviser, whether the
advice is appropriate in light of their particular investment needs, objectives and financial circumstances. There are risks involved in securities trading. The
price of securities can and does fluctuate, and an individual security may even become valueless. International investors are reminded of the additional
risks inherent in international investments, such as currency fluctuations and international stock market or economic conditions, which may adversely
affect the value of the investment. Opinions expressed are subject to change without any notice. Neither the company nor the director or the employees of
NBSPL accept any liability whatsoever for any direct, indirect, consequential or other loss arising from any use of this research and/or further
communication in relation to this research. Here it may be noted that neither NBSPL, nor its directors, employees, agents or representatives shall be liable
for any damages whether direct or indirect, incidental, special or consequential including lost revenue or lost profit that may arise from or in connection with
the use of the information contained in this report.

Copyright of this document vests exclusively with NBSPL.

Our reports are also available on our website www.nirmalbang.com

Page 4 of 5
AVP- TECHNICAL RESEARCH ANALYST SR TECHNICAL RESEARCH ANALYST RESEARCH ASSOCIATE
VIKAS SALUNKHE (vikas.salunkhe@nirmalbang.com) SWATI HOTKAR (swati.hotkar@nirmalbang.com) AYUSH MEHTA (ayush.mehta@nirmalbang.com)
 TECHNICAL CALL
M or ning Cal l for 2 7 -Jul-21

DISCLOSURE

Research Reports that are published by Nirmal Bang Securities Private Limited (hereinafter referred to as “NBSPL”) are for private circulation only.
NBSPL is a registered Research Analyst under SEBI (Research Analyst) Regulations, 2014 having Registration no. INH000001766. NBSPL is also a
registered Stock Broker with National Stock Exchange of India Limited , BSE Limited ,Metropolitan Stock Exchange of India Limited , Multi Commodity
Exchange of India Limited , National Commodity and Derivative Exchange Limited and Indian Commodity Exchange Limited in cash and Equity and
Commodities derivatives segments.

NBSPL has other business divisions with independent research teams separated by Chinese walls, and therefore may, at times, have different or contrary
views on stocks and markets.

NBSPL or its associates have not been debarred / suspended by SEBI or any other regulatory authority for accessing / dealing in securities Market.
NBSPL, its associates or analyst or his relatives do not hold any financial interest (Except Investment) in the subject company. NBSPL or its associates or
Analyst do not have any conflict or material conflict of interest at the time of publication of the research report with the subject company. NBSPL or its
associates or Analyst or his relatives may or may not hold beneficial ownership of 1% or more in the subject company at the end of the month immediately
preceding the date of publication of this research report.

NBSPL or its associates / analyst has not received any compensation / managed or co-managed public offering of securities of the company covered by
Analyst during the past twelve months. NBSPL or its associates have not received any compensation or other benefits from the company covered by
Analyst or third party in connection with the research report. Analyst has not served as an officer, director or employee of Subject Company . NBSPL /
analyst has not been engaged in market making activity of the subject company.

Analyst Certification: The research analysts and authors of these reports, hereby certify that the views expressed in this research report accurately
reflects my/our personal views about the subject securities, issuers, products, sectors or industries. It is also certified that no part of the compensation of
the analyst(s) was, is, or will be directly or indirectly related to the inclusion of specific recommendations or views in this research. The analyst(s)
principally responsible for the preparation of this research report and has taken reasonable care to achieve and maintain independence and
objectivity in making any recommendations.

Page 5 of 5
AVP- TECHNICAL RESEARCH ANALYST SR TECHNICAL RESEARCH ANALYST RESEARCH ASSOCIATE
VIKAS SALUNKHE (vikas.salunkhe@nirmalbang.com) SWATI HOTKAR (swati.hotkar@nirmalbang.com) AYUSH MEHTA (ayush.mehta@nirmalbang.com)