Sectoral Technical Snapshot

Retail Research 06th December, 2023

INDEX CLOSING 20-EMA 50-EMA 100-EMA 200-EMA RSI (14-Period) ADX Delivery % Trend

NIFTY 20937.7 20043.34 19754.51 19510.96 19052.04 84.03 32.43 - Bullish

BANKNIFTY 46834.55 44676.07 44296.52 44159.5 43454.2 76.81 23.75 - Bullish

FINNIFTY 21026.75 20042.92 19827.98 19729.75 19423.52 80.21 24.21 - Bullish

AUTOMOBILES CLOSING 20-EMA 50-EMA 100-EMA 200-EMA RSI (14-Period) ADX Delivery % Trend

APOLLOTYRE 462.45 427.59 409.55 398.49 376.68 78.13 35.31 42.1 Bullish

ASHOKLEY 176.7 176.01 175.37 173.35 166.67 52.17 13.21 63.23 Sideways

BAJAJ-AUTO 6069.95 5827.17 5500.98 5195.94 4820.4 71.5 57.49 51.63 Bullish

BALKRISIND 2582.65 2571.08 2549.45 2489.82 2387.29 52.09 12.42 65.01 Sideways

BHARATFORG 1169.1 1107.25 1077.15 1030.26 958.95 72.11 28.77 46.45 Bullish

BOSCHLTD 21592.55 20973.45 20260.95 19715.35 19037.8 66.31 41.3 53.19 Bullish

EICHERMOT 4047 3840.04 3658.96 3546.59 3441.07 68.18 43.74 55.41 Bullish

ESCORTS 3225 3193.28 3146.29 2974.38 2683.8 54.69 12.46 31.32 Sideways

EXIDEIND 290.95 281.24 271.6 260.02 239.07 69.6 36.21 49.76 Bullish

HEROMOTOCO 3761.05 3522.57 3308.78 3154.03 2993.66 74.17 45.38 52.39 Bullish

M&M 1702.4 1595.59 1563.4 1527.48 1450.22 72.72 26.84 70.19 Bullish

MARUTI 10625.75 10541.1 10430.08 10184.33 9760.25 57.74 17.36 66.83 Sideways

MOTHERSON 93.85 91.49 92.3 91.7 88.81 58.83 27.04 54.07 Sideways

MRF 114088.85 111175.2 109660.5 107098.59 101879.12 70.79 29.5 26.56 Bullish

TATAMOTORS 722.45 686.25 661.53 632.46 583.48 74.64 37.33 48.62 Bullish

TVSMOTOR 1888.75 1782.69 1666.9 1551.47 1399.96 79.21 57.42 64.26 Bullish

BANKING CLOSING 20-EMA 50-EMA 100-EMA 200-EMA RSI (14-Period) ADX Delivery % Trend

AUBANK 747.5 729.62 719.7 717.09 702.73 61.61 25.39 31.48 Bullish

AXISBANK 1120.5 1052.02 1022.77 997.96 957.67 72.94 28.25 37.07 Bullish

BANDHANBNK 237.45 224.31 226.5 229.78 235.04 68.79 32.72 35.82 Bullish

BANKBARODA 209.55 200.51 200.08 197.86 188.49 65.13 24.3 48.78 Bullish

CANBK 437.45 404.71 386.84 366.87 340.31 78.17 22.85 30.18 Bullish

CUB 153.8 146.79 141.04 137.47 138.89 70.87 32.36 64.29 Bullish

FEDERALBNK 155.15 149.61 146.9 143.19 137.34 63.83 23.29 31.75 Bullish

HDFCBANK 1627.8 1547.6 1539.58 1559.2 1572.77 78.85 25.55 58.05 Bullish

ICICIBANK 1003.25 951.21 946.02 944.89 928.98 71.01 22.01 46.31 Bullish

IDFCFIRSTB 90.4 86.29 86.95 85.32 78.56 65.55 20.12 42.64 Bullish

INDUSINDBK 1501.6 1484.84 1463.48 1422.95 1345.15 56.17 17.23 40.65 Sideways

KOTAKBANK 1821.4 1769.36 1764.78 1780.71 1800.67 67.31 20.17 54.26 Bullish

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Sectoral Technical Snapshot
PNB 85.45 79.23 75.95 71.03 63.76 72.2 22.76 28.28 Bullish

RBLBANK 253 239.37 235.97 225.58 204.93 61.9 13.74 44.36 Bullish

SBIN 608.45 578.29 577.23 577.52 571.98 71.51 22.54 43.06 Bullish

FINANCIALS CLOSING 20-EMA 50-EMA 100-EMA 200-EMA RSI (14-Period) ADX Delivery % Trend

ABCAPITAL 173.05 172.39 174.98 175.78 169.17 50.01 19.42 38.93 Sideways

BAJAJFINSV 1700.35 1641.72 1607.61 1573.57 1536.9 71.72 16.95 51.41 Bullish

BAJFINANCE 7427.1 7300.38 7404.65 7351.84 7146.07 54.47 27.54 49.28 Sideways

CANFINHOME 788.75 779.92 767.54 751.74 711.25 53.88 19.96 18.47 Sideways

CHOLAFIN 1154.2 1136.57 1147.75 1126.49 1047.74 53.75 14.16 59.47 Sideways

HDFCAMC 2992.1 2888.05 2789.8 2635.48 2433.24 65.26 29.09 50.59 Bullish

HDFCLIFE 677.35 660.42 646.39 634.7 614.74 64.89 28.59 58.91 Bullish

IBULHSGFIN 200.1 188.61 179.73 168.44 154.56 65.02 32.92 100 Bullish

ICICIGI 1445.7 1430.97 1393.43 1354.43 1304.7 56.95 38.15 64.16 Sideways

ICICIPRULI 551.4 548.72 545.33 540.19 526.29 52.65 29.32 60.59 Sideways

IDFC 124.45 119.45 119.71 116.97 107.7 65.18 16.25 53.62 Bullish

L&TFH 155.9 145.95 139.74 132.32 120.47 70.66 20.99 33.21 Bullish

LICHSGFIN 505.15 475.61 462.87 445.52 423.44 69.63 24.77 28.07 Bullish

M&MFIN 272.6 272.39 276.65 281.03 273.91 49.62 12.53 60.78 Sideways

MANAPPURAM 164.35 154.91 148.18 142.39 134.64 64.84 29.6 51.51 Bullish

MFSL 1022.45 980.21 942.97 898.12 844.1 71.27 25.42 76.48 Bullish

MUTHOOTFIN 1432.2 1374.01 1325.89 1284.15 1228.5 64.41 33.04 54.56 Bullish

PEL 939.4 941.28 971.48 970.73 946.44 46.08 33.72 46.38 Sideways

PFC 378.6 326.07 287.22 251.35 209.1 87.87 58.67 31.8 Bullish

RECLTD 400.6 348.54 313.73 273.37 223.67 85.1 47.85 47.25 Bullish

SBICARD 748.1 747.9 767.43 789.74 806.24 47.6 19.4 68.05 Sideways

SBILIFE 1450.7 1405.94 1367.2 1331.78 1288.95 64.19 34.74 68.36 Bullish

SHRIRAMFIN 2055.7 1997.94 1947.32 1862.77 1713.75 60.89 19.42 69.16 Bullish

CAPITAL GOODS CLOSING 20-EMA 50-EMA 100-EMA 200-EMA RSI (14-Period) ADX Delivery % Trend

ABB 4738.4 4389.54 4291.34 4217.08 3974.45 70.46 28.96 33.8 Bullish

ASTRAL 1966.35 1933.2 1911.14 1882.09 1800.38 60.31 20.48 58.91 Bullish

BEL 156.15 144.63 140.16 134.64 124.87 73.28 29.43 46.88 Bullish

BHEL 178.45 153.7 138.92 125.48 108.83 88.22 40.48 21.59 Bullish

CROMPTON 296.5 288.79 290.2 292.34 300.86 61.45 17.1 74.22 Bullish

CUMMINSIND 1955.8 1863.48 1802.56 1770.93 1694.49 77.02 36.41 52.66 Bullish

DIXON 5980.2 5563.1 5344.79 5021.75 4594.52 73.48 29.64 28.33 Bullish

HAL 2714.6 2280.15 2112.75 1990.01 1798.86 91.19 51.19 26.76 Bullish

HAVELLS 1324.45 1297.55 1308.24 1312.37 1296.06 60.37 18.01 44.02 Bullish

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Sectoral Technical Snapshot
LT 3392.3 3133.34 3026.6 2876.06 2644.4 81.96 30.98 68.84 Bullish

POLYCAB 5318.95 5241.81 5153.64 4877.77 4329.37 57.05 15.17 66.95 Sideways

SIEMENS 3851.95 3637.17 3595.96 3597.69 3493.54 78.05 29.49 43.82 Bullish

VOLTAS 845.05 832.47 835.68 834.15 842.12 56.45 18.09 58.01 Sideways

IT CLOSING 20-EMA 50-EMA 100-EMA 200-EMA RSI (14-Period) ADX Delivery % Trend

BSOFT 653.35 615.09 573.53 517.98 451.65 76.93 38.98 21.5 Bullish

COFORGE 5701.75 5529.96 5347.03 5151.73 4847.92 64.23 27.49 46.46 Bullish

HCLTECH 1329.55 1311.15 1280.38 1241.23 1189.32 60.31 22.88 56.12 Bullish

INFY 1474.3 1439.7 1429.2 1418.97 1422.47 62.1 20.1 60.35 Bullish

LTIM 5639.85 5465.71 5356.01 5240.91 5085.97 64.42 22.04 37.87 Bullish

LTTS 4858.95 4585.29 4489.66 4372.37 4184.21 70.23 30.31 42.25 Bullish

MCX 3173.5 2921.17 2561.92 2230.52 1935.73 71.35 55.84 22.87 Bullish

MPHASIS 2384.35 2319.24 2302.89 2264.02 2208.33 60.03 18.92 60.37 Bullish

NAUKRI 4758 4583.07 4461.4 4374.17 4267.22 66.29 33.87 30.04 Bullish

OFSS 4111.25 4055.27 4047.93 3982.95 3814.09 56.16 11.82 46.65 Sideways

PERSISTENT 6335.8 6339.54 6104.99 5764.99 5302.01 53.02 17.89 41.99 Sideways

TCS 3604.1 3487.21 3467.2 3440.83 3398.55 66.35 19.82 54.24 Bullish

TECHM 1225.2 1200.13 1192.59 1183.06 1160.85 62.07 25.36 58.64 Bullish

WIPRO 418.75 401.09 400.42 401.48 404.15 67.07 23.75 46.51 Bullish

FMCG CLOSING 20-EMA 50-EMA 100-EMA 200-EMA RSI (14-Period) ADX Delivery % Trend

ASIANPAINT 3252.55 3146.11 3140.41 3156.13 3142.44 69.45 24.54 49.99 Bullish

BALRAMCHIN 431.8 451.42 436.76 423.42 409.25 41.8 28.74 43.91 Sideways

BATAINDIA 1644.45 1610.41 1612.07 1618.82 1625.27 62.06 22.91 41.1 Bullish

BERGEPAINT 578.85 577.48 575.96 570.97 557.29 51.73 16.64 74.93 Sideways

BRITANNIA 5003.15 4779.83 4687.15 4654.99 4562.14 76.13 22.82 71.63 Bullish

COLPAL 2331.05 2203.01 2122.57 2022.01 1884.17 77.6 41.84 53.21 Bullish

DABUR 550.05 540.02 541.24 545.89 548.88 60.88 18.3 64.67 Bullish

GODREJCP 1038.7 1012.03 1004.29 1003.62 987.79 64.03 16.53 58.9 Bullish

HINDUNILVR 2567.65 2531.43 2521.93 2533.8 2542.27 60.11 29.61 76.67 Bullish

INDIAMART 2709.4 2625.33 2707.15 2772.56 2740.99 60.65 15.65 39.41 Bullish

ITC 463.25 443.27 442.07 440.48 423.27 70.98 19.53 60.21 Bullish

JUBLFOOD 555.85 540.17 528.25 517.24 511.68 64.31 29.59 70.72 Bullish

MARICO 539.5 532.07 537.93 540.94 535.3 56.78 20.65 51.63 Sideways

MCDOWELL-N 1061.95 1053.82 1043.33 1012.75 959.8 54.21 10.23 83.01 Sideways

NESTLEIND 24968.5 24297.35 23834.95 23211.81 22253.28 68.12 20.85 55.1 Bullish

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Sectoral Technical Snapshot
PIDILITIND 2576.15 2505.98 2481.56 2490.28 2496.08 66.13 38.82 53.15 Bullish

TATACONSUM 951.7 930.97 910.06 883.38 847.5 70.21 15.63 43.39 Bullish

TITAN 3546.9 3408.34 3310.15 3193.16 3009.52 75.15 38.63 50.01 Bullish

UBL 1713.7 1632.64 1603.56 1577.64 1558.64 72.15 23.99 41.26 Bullish

OIL & GAS CLOSING 20-EMA 50-EMA 100-EMA 200-EMA RSI (14-Period) ADX Delivery % Trend

BPCL 472.85 418.06 388.98 374.62 363.92 88.69 58.7 53.31 Bullish

GAIL 140.6 130.18 126.05 121.7 115.24 75.6 26.39 44.51 Bullish

GUJGASLTD 441.45 429.6 429.17 438.82 455.08 68.31 27.33 40.57 Bullish

HINDPETRO 384.25 329.85 298.83 282.43 269.48 84.05 55.45 30.25 Bullish

IGL 400.7 396.9 412.73 429.85 438.35 50.51 28.19 65.42 Sideways

IOC 119.3 106.82 100.2 96 91.07 81.22 45.07 44.34 Bullish

MGL 1117.05 1058.69 1053.14 1046.29 1017.88 70.12 18.83 55.52 Bullish

ONGC 201.95 195.17 190.43 183.63 173.56 63.62 24.98 54.61 Bullish

PETRONET 211.2 202.5 209.63 216.27 219.68 62.52 25.78 58.48 Bullish

RELIANCE 2461.1 2383.54 2368.66 2369.7 2352.89 71.02 19.07 74 Bullish

METAL CLOSING 20-EMA 50-EMA 100-EMA 200-EMA RSI (14-Period) ADX Delivery % Trend

COALINDIA 352.15 338.98 318.31 293.36 267.01 67.16 40.66 51.1 Bullish

HINDALCO 523 505.19 489.84 474.89 459.38 71.44 33.99 44.24 Bullish

HINDCOPPER 180.3 165.54 157.8 149.27 137.28 76.95 28.53 37.81 Bullish

JINDALSTEL 686.85 662.82 658.92 649.19 617.61 63.97 22.18 39.11 Bullish

JSWSTEEL 824.7 787.66 777.78 773.21 756.42 74.39 28.46 42.62 Bullish

NATIONALUM 99.25 93.91 93.72 92.46 89.67 66.24 15.82 39.89 Bullish

NMDC 184.3 174.63 162.63 148.72 134.83 73.97 42.09 44.58 Bullish

SAIL 99.35 91.36 90 89.45 88.35 77.53 24.52 37.16 Bullish

TATASTEEL 131.85 126.72 124.66 122.26 118.48 74.54 27.66 53.39 Bullish

VEDL 249.45 237.5 235.35 241.91 256.25 68.65 17.65 43.85 Bullish

PHARMA CLOSING 20-EMA 50-EMA 100-EMA 200-EMA RSI (14-Period) ADX Delivery % Trend

ABBOTINDIA 23078.05 23454.57 23256.46 23042.26 22451.29 44.45 16.91 46.69 Sideways

ALKEM 4725.8 4441.69 4132.23 3910.2 3692.18 77.95 66.13 58.46 Bullish

APOLLOHOSP 5543.1 5407.83 5236.54 5104 4923.06 63.42 33.76 62.22 Bullish

AUROPHARMA 1016.65 999.09 945.31 878.68 782.95 59.08 42.97 68.86 Sideways

BIOCON 240.4 236.24 240.03 244.75 251.11 56.68 19.18 57.6 Sideways

CIPLA 1205.2 1215.51 1205.98 1173.81 1121.47 47.57 16.85 63 Sideways

DIVISLAB 3734.45 3680.05 3638.18 3606.67 3558.87 59.62 29.99 56.81 Sideways

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Sectoral Technical Snapshot
DRREDDY 5730.35 5639.29 5566.65 5458.55 5214.77 62.05 22.55 74.13 Bullish

GLENMARK 806.5 777.75 775.11 751.05 682.08 59.94 11.79 27.77 Sideways

GRANULES 392.25 376.6 358.78 341.4 326.68 64.58 33.55 35.77 Bullish

IPCALAB 1126.5 1087.5 1022.9 957.79 907.28 65.93 37.29 39.83 Bullish

LALPATHLAB 2683.6 2658.44 2563.51 2449.12 2353.74 55.31 14.48 50.89 Sideways

LAURUSLABS 379.1 374.95 377.11 375.34 379.1 54.38 19.24 53.93 Sideways

LUPIN 1243.5 1227.5 1184.52 1111.65 1001 57.04 24.77 68.12 Sideways

METROPOLIS 1667.8 1631.36 1557.52 1493.74 1466.03 62.46 32.15 50.3 Bullish

SUNPHARMA 1240.35 1200.83 1169.42 1135.47 1085.27 75.41 26.92 52.97 Bullish

SYNGENE 721.3 732.91 740.23 743.04 717.9 43.81 17.12 70.81 Sideways

TORNTPHARM 2079.95 2074.94 2009.55 1946.26 1847.92 54.92 40.88 54.25 Sideways

ZYDUSLIFE 635.45 627.45 616.81 603.35 567.54 58.85 33.6 53.48 Sideways

CEMENT CLOSING 20-EMA 50-EMA 100-EMA 200-EMA RSI (14-Period) ADX Delivery % Trend

ACC 2128.25 1928.57 1922.54 1925.33 1953.44 73.24 30.98 26.64 Bullish

AMBUJACEM 501.1 443.85 435.04 433.5 432.52 79.47 35.85 38.46 Bullish

DALBHARAT 2361 2222.76 2191.74 2157.53 2073.55 70.98 22.79 47.77 Bullish

GRASIM 2057.75 1987.76 1944.59 1894.35 1824.35 70.5 18.56 54.51 Bullish

INDIACEM 252.4 232.6 226.92 224.29 219.5 76.34 29.47 32.7 Bullish

JKCEMENT 3780.35 3547.74 3405.9 3310.98 3188.03 76.19 43.4 51.2 Bullish

RAMCOCEM 1018.9 996.34 974.5 940.19 888.97 60.32 19.74 40.82 Bullish

SHREECEM 27799.1 26620.14 26165.89 25706.05 25153.69 69.57 21.23 37 Bullish

ULTRACEMCO 9213 8853.94 8627.62 8422.79 8078.71 68.36 31.25 63.97 Bullish

CHEMICALS CLOSING 20-EMA 50-EMA 100-EMA 200-EMA RSI (14-Period) ADX Delivery % Trend

AARTIIND 575.7 534.79 511.9 504.86 525.31 77.66 41.72 35.61 Bullish

ATUL 6830.7 6647.36 6699.57 6799.83 7031.49 61.22 17.75 100 Bullish

CHAMBLFERT 351.85 314.61 300.53 291.88 291.47 82.49 34.24 30.73 Bullish

COROMANDEL 1232.65 1147.44 1123.45 1090.01 1040.03 79.51 19.81 28.12 Bullish

DEEPAKNTR 2253.15 2168.9 2132.18 2105.54 2070.99 66.87 26.92 26.2 Bullish

GNFC 737.45 697.92 672.77 645.14 622.22 69.79 24.63 21.1 Bullish

NAVINFLUOR 3794.45 3694.58 3788.76 3981.93 4131.54 63.13 25.92 37.41 Bullish

PIIND 3862.1 3723.08 3632.86 3590.05 3500.33 66.98 24.97 48.58 Bullish

TATACHEM 1011.9 973.5 985.18 995.53 997.37 67.43 20.47 21.13 Bullish

UPL 588.55 570.18 579.21 600.79 635.28 63.51 19.86 41.31 Bullish

REALTY CLOSING 20-EMA 50-EMA 100-EMA 200-EMA RSI (14-Period) ADX Delivery % Trend

DELTACORP 138.9 138.91 144.68 159.77 178.3 49.3 17.14 45.47 Sideways

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Sectoral Technical Snapshot
DLF 652.95 624.34 589.93 552.25 503.84 72.57 40.11 47.91 Bullish

GODREJPROP 1936.7 1847.47 1765.61 1677.41 1567.55 69.71 33.26 48.93 Bullish

INDHOTEL 437.95 420.04 412.08 402.72 380.25 74.25 23.78 46.35 Bullish

OBEROIRLTY 1459.65 1359.03 1262.84 1180.57 1089.35 76.42 38.87 49.65 Bullish

INFRASTRUCTURE CLOSING 20-EMA 50-EMA 100-EMA 200-EMA RSI (14-Period) ADX Delivery % Trend

ADANIENT 2883.95 2416.56 2375.82 2384.22 2420.71 76.13 35.45 16.34 Bullish

ADANIPORTS 1017.95 853.22 824.29 802.66 779.7 86.08 27.63 19.54 Bullish

CONCOR 798.9 762.19 736.43 714.4 694.8 77.89 29.74 54.12 Bullish

GMRINFRA 61.35 59.32 58.04 55.67 51.27 62.39 26.12 33.27 Bullish

INDIGO 2872.15 2667.22 2580.53 2510.9 2383.32 76.94 31.67 45.74 Bullish

IRCTC 740.5 700.6 689.23 677.11 666.77 69.09 21.32 36.9 Bullish

MEDIA CLOSING 20-EMA 50-EMA 100-EMA 200-EMA RSI (14-Period) ADX Delivery % Trend

PVRINOX 1732.2 1690.37 1678.81 1654.72 1636.73 60.81 20.4 54.72 Bullish

SUNTV 665.85 664.48 643.04 604.95 558.47 53.81 14.35 39.48 Sideways

ZEEL 258.05 254.65 255.1 249.1 241.04 52.26 11.48 53.08 Sideways

POWER CLOSING 20-EMA 50-EMA 100-EMA 200-EMA RSI (14-Period) ADX Delivery % Trend

IEX 147.75 140.41 136.07 134.81 138.23 70.28 33.26 41.09 Bullish

NTPC 281.1 258.89 246.58 232.51 212.85 79.03 44.79 55.67 Bullish

POWERGRID 224.4 211.7 205.87 198.9 189.46 77.05 39.35 58.76 Bullish

TATAPOWER 294.15 267.61 258.42 249.22 237.59 77.08 26.5 38.39 Bullish

TELECOM CLOSING 20-EMA 50-EMA 100-EMA 200-EMA RSI (14-Period) ADX Delivery % Trend

BHARTIARTL 1024.45 983.55 951.94 919.95 876.67 76.16 41.5 68.59 Bullish

IDEA 12.85 13.25 12.48 11.21 9.94 45.2 29.64 32.05 Sideways

INDUSTOWER 185.7 185.75 183.85 179.57 177.4 50.6 22.05 46.77 Sideways

TATACOMM 1668.95 1696.27 1720.05 1692.56 1586.84 42.52 13.31 56.93 Sideways

TEXTILE CLOSING 20-EMA 50-EMA 100-EMA 200-EMA RSI (14-Period) ADX Delivery % Trend

ABFRL 237.65 225.96 221.97 220.93 227.56 68.71 21.69 36.2 Bullish

PAGEIND 36732.85 37485.53 38004.29 38489.84 39329.65 37.99 13.85 55.38 Bearish

SRF 2452.1 2365.99 2325.15 2318.05 2325.35 70.94 25.69 38.55 Bullish

TRENT 2867.85 2634.36 2397.29 2172.36 1912.76 89.4 62.84 54.96 Bullish

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Sectoral Technical Snapshot

SBICAP Securities Limited

(CIN): U65999MH2005PLC155485
SEBI Registration No.: Stock Broker: INZ000200032 | DP Registration No.: IN-DP-314-2017| Research Analyst:
INH000000602
Portfolio Manager: INP000004912 | IRDA: CA0103 | PFRDA Registration No: POP 26092018
Registered & Corporate Office: Marathon Futurex, Unit No. 1201, B-Wing, 12th Floor, N M Joshi Marg,
Mafatlal Mill Compound, Lower Parel East, Mumbai 400013
For any information contact us: (022) 6854 5555
E-mail: helpdesk@sbicapsec.com I Web: www.sbismart.com
DISCLOSURES & DISCLAIMERS:
Analyst Certification: The views expressed in this research report ("Report") accurately reflect the personal views of the research
analysts ("Analysts") employed by SBICAP Securities Limited (SSL) about any and all of the subject issuer(s) or company (ies) or
securities. This report has been prepared based upon information available to the public and sources, believed to be reliable. I/We
also certify that no part of my/our compensation was, is, or will be directly or indirectly related to the specific recommendation(s)
or view(s) in this report.
The Analysts engaged in preparation of this Report or his/her relative:-
(a) do not have any financial interests in the subject company mentioned in this Report; (b) do not own 1% or more of the equity
securities of the subject company mentioned in the report as of the last day of the month preceding the publication of the research
report; (c) do not have any material conflict of interest at the time of publication of the Report.
The Analysts engaged in preparation of this Report:-
(a) have not received any compensation from the subject company in the past twelve months; (b) have not managed or co-managed
public offering of securities for the subject company in the past twelve months; (c)have not received any compensation for
investment banking or merchant banking or brokerage services from the subject company in the past twelve months; (d) have not
received any compensation for products or services other than investment banking or merchant banking or brokerage services from
the subject company in the past twelve months; (e) has not received any compensation or other benefits from the subject company
or third party in connection with the Report; (f) has not served as an officer, director or employee of the subject company; (g) is not
engaged in market making activity for the subject company.

Name Qualification Designation

Sudeep Shah MMS-Finance DVP- Technical & Derivative Research

Sunny Agrawal B.E, MBA (Finance) DVP - Fundamental Research

Rajesh Gupta PGDBM (Finance), MA (Bus. Eco) AVP - Fundamental Research

Gautam Updhyaya MBA (Finance) Research Analyst - Equity Derivatives

Vinayak Gangule BE (IT) Research Analyst - Equity Technical

Pratik Patni BSc (Biotech Entire) Research Analyst- Equity Technical

Monica Chauhan C.A. Research Analyst - Equity Fundamentals

Harsh Vasa C.A. Research Analyst - Equity Fundamentals

Sumeet Shah BE, CFA Research Analyst - Equity Fundamentals

Ghanshyam Gupta MBA (Finance) Research Analyst - Currency Derivative

Sagar Peswani B.Tech (ECE) Research Associate- Equity Technical

Kalpesh Mangade BCOM MIS Analyst - Retail Research

For other Disclosures please visit: https://bit.ly/R_disclaimer02

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