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Daily Research Reports

Nifty bulls can make a comeback only if 18,167 support holds.

Bullish stocks: NAM INDIA, BOB, ICICI BANK, MINDTREE, MARUTI, AXIS BANK

Bearish stocks: VOLTAS, DLF, DR REDDYS LAB, INDIGO, JUBILANT FOODS, CADILA

Nifty Outlook

Intraday

Medium Term

Long Term

Key Levels to Watch

Nifty Support

Nifty Resistance

Pivot Level

Nifty

Outlook for the Day

INDICES

Nifty

Bank Nifty

Nifty Auto Index

Nifty FMCG Index

Nifty Infra Index

Nifty IT Index

Nifty Media Index

Nifty Midcap Index

Nifty Metal Index

Nifty Pharma Index

Nifty Reality Index

Nifty Smallcap Index

Sensex

SGX Nifty

Wealth Visionaries www.kslindia.com

Morning KSL Thursday21st October, 2021

Good Morning & Welcome to Thursday’s trading action at Dalal

Street dated 21st of October 2021.

In early action, SGX Nifty is seen wavering —— and that brings us to our call of

the day which suggests markets will not be able to make up their mind in the

near term amidst inflation fears and overbought technical conditions on one

hand as against encouraging Q2 results.

Yes, the Dalal Street will search for directions.

Now before we get into details here is our preferred strategy for the day:

# Nifty (18267): Sell between 18375-18400 zone. Stop 18701. Targets

18163/17893. Aggressive targets at 17461 mark.

# Bank Nifty (39518): Sell only below 39291. Stop 40441. Targets

39090/38901. Aggressive targets at 38011.

TOP SECTORS:

# Bullish View: PSU Banks, IT.

# Bearish view: Metals, FMCG, Reality

STOCKS IN FOCUS:

# BULLISH VIEW: NAM INDIA, BOB, ICICI BANK, MINDTREE, MARUTI,

AXIS BANK

# BEARISH VIEW: VOLTAS, DLF, DR REDDYS LAB, INDIGO, JUBILANT

FOODS, CADILA.

# Our chart of the day is bullish on stocks NIPPON LIFE (NAM INDIA),

BANK OF BARODA and MARUTI with an interweek perspective on any

corrective declines. Stocks appearing weak are VOLTAS, JUBILANT

FOODS and INDIGO with an interweek perspective.

# The 1 Stock to Buy Right Now: BUY MARUTI.

At CMP 7591 and ADD on Dips 7250-7301 zone.

Stop Loss on closing basis – 6967.

Targets – 8011/8751/10049.

Holding Period: Up to 120 Days.

Allocation: 5%. Predominantly it’s a delivery trade

18267 -0.83%

39518 -0.06%

11493 -1.15%

39696 -1.34%

5201 -0.90%

36847 -0.70%

2334 1.03%

8709 -1.91%

5974 -2.06%

14177 -1.44%

505 -2.16%

11202 -2.43%

61260 -0.74%

18337 -0.01%

Volatile session likely.

Neutral (18107-18475)

Positive (17257-19001)

Positive (15251-19251)

18167/17901

18501/19101

17601

Technical Strategy

Morning KSL


Outlook for Thursday: Volatility likely to be the hallmark.

Dalal Street is likely to waver, probably wobble or mostly trade with negative

bias on backdrop of bulls seen losing their enthusiasm to rally further. You

could also blame it to extreme overbought technical conditions as benchmark

Nifty has risen a whopping 146% —— from March lows of 7500.

Honestly speaking, the positive sentiments took a big hit in last 2-trading

session.

That brings us to the biggest concerns on investors mind: Whether

the boom at Dalal Street could be followed by a major bust!

Well, it's anyone's guess —— but bull markets definitely don't die of old age

or overbought conditions.

We suspect, bull markets could end because of excess of overleverage and

most importantly, overconfidence.

Digging deeper, this bull markets could get killed only if major central banks

across globe prepare to pull back their pandemic-era stimulus. Yes, they can

get killed if Federal Reserve and ECB plan to end the $120 billion in monthly

bond purchases.

Until then, the benchmark Nifty shall continue to make fresh all-time highs

provided the inflation remains low, the economic backdrop fosters with

corporate earnings-per-share growth and the Fed only gradually and very

rarely thinks of raises rates.

In the near-term, investors could flee equities or stay at sidelines on backdrop

of 3-negative catalysts:

1.Overbought Technical conditions.

2.Fed taper uncertainty.

3.Spiking oil prices.

Bottom-line: Higher the markets move up from here on —— higher will be

the risk.

Away from equities, oil prices retreated from near seven-years highs amid

reports that China will move to tame record high coal prices -- a significant

trigger to the recent energy price surge.

WTI futures for December delivery were marked 89 cents lower on the

session at $81.55 each while Brent contracts for the same month, the global

pricing benchmark, fell 86 cents to $84.23 per barrel.

# Earnings will take center-stage again. Q2 earnings to trickle in

this week:

Bharti Airtel was established in 1995 and is now is one of the

leading player in the Indian mobile telephony space with

operations in 18 countries across Asia and Africa. The company

ranks amongst the top three mobile service providers globally

in terms of subscribers. Airtel is a diversified telecom service

provider offering wireless, mobile commerce, fixed line, home

broadband, enterprise and DTH services. It expanded into

Africa by acquiring Zain’s Africa operations in 2010 and is

present in 14 African markets. Bharti Airtel had over 470 million

customers across its operations at the end of March 2021. It

owns a 53.51% stake in Bharti Infratel, which in turn owns a

42% stake in Indus Towers.

The key positive catalyst in favor of the firm is that telecom

remains one of the few sectors still witnessing consumption

and earnings growth as amidst lockdown and social

distancing, the shift is towards higher dependency on digital

tools, such as video conferencing and collaborative

applications.

Sunil Bharti Mittal, promoter & Chairman had recently outlined

the company’s aspirations as a) ARPU of 200/month to be

reached by the end of this fiscal and eventually to 300 levels. b)

the company's debt is at an 'extraordinary' level and there is an

opportunity to accelerate growth, lowering of leverage (net

debt to EBITDA to 2x vs. 3x currently) and c) healthy return

ratios in teens vs. single digit, currently

Most importantly, Bharti’s balance sheet remains healthy, on

backdrop of strong execution track record. Revenue accretion

from the 4G upgrade, minimum-ARPU plans (rolled out across

India) and recent tariff hike helps the company to report

improvement in ARPU. The management has also said that in

terms of 5G connectivity status in India, Mittal feels 5G will

become a reality in H2 next year for the majority of circles. The

spectrum pricing auction will be made attractive. Further, the

government’s data localisation policies with increasing

penetration of smartphones are likely to boost strong demand

for data over medium-to-long term.

Net-net, the triggers are Bharti Airtel’s better margins, stronger

subscriber growth, and higher data consumption.

Technically, brace yourselves for an impulse uptrend on the

monthly time scale with positive SAR series with probable

‘higher consolidation Pattern’ breakout on upside on quarterly

charts. The 200 days Exponential Moving Average (EMA) of the

stock on the daily chart is currently at 567 zone.

A potential entrance exists at CMP, and on dips between

585-605 zone, targeting 721 and then aggressive targets at

psychological 900 mark. Stop below 561. Holding Period:

9-12 Months.

BHARTI AIRTEL 708

Action BUY

Target 821

Support 661/591

Resistance 821/975

Holding Period 60-90 days


Morning KSL

Thursday, Oct 21st: ASIANPAINTS, TVSMOTORS, SOUTHBANK, MPHASIS, JSWSTEEL, LICHSGFIN, IDBIBANK,

ICICILOMBARD, CONCOR, CANFINHOMES, BIOCON, ENERGY EXCHANGE, INDIAN HOTELS, INDIAMART, BANK OF

MAHARASHTRA, MPHASIS.

Friday, Oct 22nd: YESBANK, TATAELXSI, TATACONSUM, PVR, RELIANCE, KAJARIA, HDFCLIFE, HINDZINC, FEDERALBANK.

Saturday, Oct 23rd: ICICI BANK.

L&T Finance reported lower consolidated profit at Rs 224.03 crore in Q2FY22 against Rs 265.12 crore in Q2FY21, revenue

fell to Rs 3,051.82 crore from Rs 3,408.10 crore YoY.

Tata Communications reported higher consolidated profit at Rs 425.38 crore in Q2FY22 against Rs 384.48 crore in

Q2FY21, revenue fell to Rs 4,174 crore from Rs 4,401 crore YoY.

WHAT TECHNICAL TELLS US ON NIFTY/SENSEX:

Daily chart of Nifty:

Technically speaking, immediate downside risk on Nifty is seen at 18167 and then aggressive targets at 17893 mark. Any

upside for Thursday’s trade is likely to be capped at 18450-18500 zone. Only if the bulls successfully surpass the 18500

psychological level, Nifty could reach the 19000 mark. Please note, Nifty’s 200 day EMA is still at 15635 mark.

The gyan mantra is to stay light on the buy side.

# Bank Nifty: A long bearish candle seen at the top of the upmove. Confirmation of weakness below Nifty’s

biggest support at 39394 mark. Below 39394, expect waterfall of selling towards 39090 and then at 38901 mark. Caution

advised on the long side.

DERIVATIVE & INSTITUTIONAL CUES:

# India VIX, which measures the expected volatility in the market, shot higher in yesterday’s trade 5.35% to end at 18.31.

# The Put-Call Open Interest Ratio is at 1.31 for Nifty.


Morning KSL

# The Nifty options data for October series suggests Nifty is likely to be in a trading range of 17500-18700 zone.

Maximum Call OI is at 18500 followed by 19000 strike price. So, the 19000 mark will be Nifty’s crucial resistance zone.

Maximum Put open interest stands at 17500 levels followed by 18000 levels. Call writing was seen at 18300 and then at 18400

strike price, while there was meaningful Put writing at 18200 and then at 17500 strike prices.

# As per Friday’s provisional data available on the NSE, FIIs bought shares worth Rs. 1681.60 crores while DIIs sold shares

worth Rs. 1750.59 crores in the Indian Equity Market.

# As per Monday’s provisional data available on the NSE, FIIs bought shares worth Rs. 512.44 crores while DIIs sold shares


# As per Tuesday’s provisional data available on the NSE, FIIs sold shares worth Rs. 505.79 crores while DIIs too sold shares


# As per Wednesday’s provisional data available on the NSE, FIIs sold shares worth Rs. 1843.09 crores while DIIs too sold

shares worth Rs. 1680.73 crores in the Indian Equity Market.

# Stock banned in F&O segment: AMARA RAJA BATTERIES, ESCORTS, VODAFONE IDEA, IRCTC, L&T FINANCE

HOLDINGS, NALCO, PUNJAB NATIONAL BANK, SAIL, SUN TV NETWORK and TATA POWER.

IPO Note & LISTING:

There are thirteen companies that are in queue for approvals from the capital markets regulator (SEBI) for their IPOs (initial

public offering), which could result in over Rs 13,000 worth of inflows into the primary market. Reports suggests, some of the

companies that could soon come with the public issues are: Go Airlines, Pradeep Phosphates, and Fincare Small Finance Bank.

ECONOMIC CUES:

Monetary policy meeting minutes, bank loan & deposit growth for the fortnight ended October 8, and foreign exchange

reserves for the week ended October 18 will be released on October 22.

Inflation in the U.S. accelerated moderately in September with the consumer-price index up 0.4% in September from August,

and 5.4% on an annual basis, the Bureau of Labor Statistics said Wednesday. The CPI was up 0.3% in the month of August.

China posted its weakest growth rate in more than a year overnight as a rolling power crisis, supply chain disruptions and a

crackdown on the tech sector combined to slow third quarter GDP to just 4.9%, the weakest since the pandemic trough of

2020.

Tougher emissions standards, as well as a reported supply shortage, have lifted coal prices to an all-time high, triggering both

a surge in substitute energy prices and the ongoing power crisis, which is limiting industrial output as factories are forced to

close and shop floors go dark.

GLOBAL STOCK MARKETS:

# In yesterday’s trade, U.S. stocks moved higher putting the S&P 500 within touching distance of its September closing high,

as solid corporate earnings clash with persistent inflation concerns and a jump in Treasury bond yields.


Morning KSL

Inflation remains the market's key 'tail risk', followed by weakness in China and a renewed surge in COVID infections over the

winter.

RECAP OF PREVIOUS DAY’S TRADING SESSION:

Investors fell victim to yet another profit-booking session as Nifty ended in red for 2nd consecutive day, down 0.83% at 18267.

Volatility reigned supreme yet again as investors scrambled for safety. IRCTC tanked 19% in today's trade.

In broader markets too, heavy selling pressure was seen as Nifty Midcap50 Index slipped 2% while the Smallcap Index was

down 2.43%. Both the indices underperformed the benchmark Nifty.

Long story short: Return of risk.

The key highlights of yesterday’s trade:

# Nifty ends below psychological 18300 mark.

# IRCTC tanks another 19% in today's trade.

# Nifty Realty and Nifty Metal indices fall the most, down 2.16% & 2.06% respectively.

# Bank Nifty somehow remained slightly buoyant, down only 0.06% at 39518.

# VIX shot higher by 5.35% to end at 18.3125.

# Top Index Gainers: BHARTIARTL (+3.96%) SBIN (+2.66%) TATAMOTORS (+1.62%).

# Top Index Losers: HINDALCO (-3.94%) BPCL (-2.66%) TITAN (-2.61%).

R2STOCKS LTP S1 S2 R1 TRADING STRATEGYBIAS


TOP PICKS (F & O) It's like having investment binoculars !

Sell between 4789-4801 zone. Stop 4953. Targets 4681/4633. Aggressive targets at 4551. Key support at 4681. (Interweek Strategy).

Sell between 2035-2050 zone. Stop 2191. Targets 1981/1877. Aggressive targets at 1821. Key support at 1981. (Interweek Strategy).

Buy at CMP. Stop 7311. Targets 7875/8001. Aggressive targets at 8501. Breakout Play. (Intermonth Strategy).

Buy at CMP. Stop 4411. Targets 4951/5101. Aggressive targets at 5251. Biggest intraday support at 4647. (Interweek Strategy).

Buy at CMP. Stop 433. Targets 466/477. Aggressive targets at 505. Confirmation of strength above 477. Momentum play. (Interweek Strategy).

NIPPON LIFE is our preferred bets on the buy side while we are bearish on DR REDDYS LAB and INDIGO.

DR REDDYS LAB

INDIGO

MARUTI

MINDTREE

NIPPON LIFE (NAM INDIA)

4754 4681 4551 4841 4933 Negative

2011 1981 1877 2073 2183 Negative

7591 7351 7089 7875 8501 Positive

4779 4647 4437 4951 5251 Positive

461 437 421 477 505 Positive

Derivatives StrategiesChanges in Open Interest (OI) in yesterday’s trade.

Nifty Spot

VIX

Premium

Nifty Future OI

Cash Volumes (INR in Cr.)

YesterdayDay Before Yesterday

Derivatives Vol.(INR in Cr.)

No of contracts

Turnover (Rs. In cr.)

BSE Cash Vol. (Rs. in Cr)

NSE Cash Vol.(Rs. in Cr)

NSE Derivative Vol. (Rs. in Cr)

Index Future Volumes

Stock Future Volumes

Index Option Volumes

Stock Option Volumes

Total

Major Changes in Nifty Options (OI)

Bank Nifty Spot

Bank Nifty OIFuture


EQUITY DERIVATIVESLooking into the future from present.

Future Call: SELL BIOCON OCTOBER FUTURES at CMP 343.40.

Targets at 332 and then at 325. Stop: 351. Holding Period:

Intraday. Analyst’s Remark: Breaking Down (BIOCON OCTOBER

Futures CMP 343.40)

Option Call: SELL NIFTY 28th OCTOBER CE Strike Price 18700 at

CMP 480.50. Maximum Profit: Rs. 24,025/-. Loss: Unlimited. Stop:

Exit Call Option if NIFTY moves above 18521. (NIFTY OCTOBER

Futures CMP 18320).

18266.60 (-0.83%)

39518.20 (-0.06%)

18.3125 (+5.35%)

+53 vs +18

1.10 crores (-8.24%)

15.64 lakhs (-9.04%)

14081.97 7515.01

94,187.66 1,05,136.61

75,08,047 63,25,743

3,97,923 37,596

11,83,923 1,12,279

7,27,42,320 69,71,791

38,84,678 3,86,382

7,82,08,844 75,08,047

Calls in lakhs (% Change)

18300 33.005 (+336%)

18400 47.77 (+256%)

18500 66.7 (+75%)

Puts in lakhs (% Change)

18300 25.48 (-21%)

18400 14.24 (-41%)

18500 17.12 (-33%)

Thursday21st October, 2021

Market Summary:

• Nifty October Futures ended Wednesday’s session at a premium +53

vs premium of +18.

• The 21st October expiry Put-Call Open Interest Ratio was at 0.58 for

Nifty whereas it was 0.82 for Bank Nifty.

• The 21st October expiry Put-Call Volume Ratio was at 0.91 for the

Nifty and 1.01 for Bank Nifty.

• For Nifty, Maximum Call Open Interest (OI) stands at 18500 Strike

Price, followed by 18600 Strike Price for 21st October Series. Short

buildup was seen at strike prices 18300-18600.

• Maximum Put Open Interest (OI) was seen at strike price 18000

followed by 18200 strike prices for 21st October series. Short

covering was seen at strike prices 18300-19000.

• For Bank Nifty, Maximum Call Open Interest (OI) stands at 40000

Strike Price and Maximum Put Open Interest stands at 38000 Strike

Price.

• As per Wednesday’s provisional data available on the NSE, FIIs sold

shares worth Rs. 1843.09 crores in the Indian Equity Market. DIIs

too sold shares worth Rs. 1680.73 crores in the Indian Equity

market.

• Long Buildup: BANKBARODA, SBIN, TATAMOTORS.

• Short Buildup: BIOCON, IEX, HUL, CADILAHC.

• Short Covering: PETRONET, AMBUJACEM, HDFCLIFE, MFSL.

• Long Unwinding: VEDL, PFC, BPCL, REC.•

• Stocks banned in F&O segment: AMARARAJABAT, ESCORTS,

IDEA, IRCTC, L&TFH, NATIONALUM, PNB, SAIL, SUNTV,

TATAPOWER.

• New in Ban: L&TFH, TATAPOWER.

• Out of Ban: BHEL.


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.

Stock CMP Support Resistance 21 DMA 200 DMA Intraday Short Term Long Term

DAILY PIVOT TABLE Thursday21st October, 2021

NIFTY 18267 17901 18632 17890 15634 UP UP UP

BANKNIFTY 39518 38728 40309 38105 34827 UP UP UP

NIFTYIT 36847 36110 37584 35809 28845 DOWN UP UP

NIFTYMETAL 5974 5855 6093 5736 4770 UP DOWN UP

0 0

AARTIIND 1013 993 1034 1018 802 UP DOWN UP

ABFRL 253 245 260 244 200 UP UP UP

ACC 2264 2218 2309 2279 2018 DOWN DOWN DOWN

ADANIENT 1590 1558 1621 1521 1194 UP UP UP

ADANIPORTS 795 779 811 754 701

ALKEM 3824 3748 3901 3929 3208 UP DOWN UP

AMARAJABAT 704 690 718 749 807 DOWN DOWN UP

AMBUJACEM 393 381 405 406 338 DOWN DOWN DOWN

APOLLOHOSP 4147 4064 4230 4494 3522 DOWN DOWN DOWN

APOLLOTYRE 226 219 232 231 222

ASHOKLEY 137 133 141 134 123 UP DOWN UP

ASIANPAINT 3170 3106 3233 3289 2836 DOWN DOWN UP

ASTRAL 2188 2144 2232 2220 1814 UP DOWN UP

AUBANK 1157 1134 1180 1168 1103 UP DOWN DOWN

AUROPHARMA 702 688 716 723 889

AXISBANK 805 789 821 790 734 UP UP UP

BAJAJ-AUTO 3849 3772 3926 3859 3879 UP DOWN UP

BAJAJFINSV 18603 18231 18975 17975 12299 UP UP UP

BAJFINANCE 7761 7606 7917 7753 5973 UP UP UP

BALKRISIND 2487 2437 2537 2574 2047

BANDHANBNK 317 307 326 305 321 UP DOWN UP

BANKBARODA 92 89 95 84 78 UP UP UP

BATAINDIA 2085 2044 2127 1909 1594 UP UP UP

BEL 205 199 211 206 159

BERGEPAINT 800 784 816 823 785 DOWN DOWN DOWN

BHARATFORG 774 759 790 761 689 UP UP DOWN

BHARTIARTL 708 694 723 697 569 UP UP UP

BHEL 73 70 75 65 56

BIOCON 342 331 352 358 392 DOWN DOWN

BPCL 441 432 450 440 443 DOWN DOWN DOWN

BRITANNIA 3762 3687 3837 3926 3628 DOWN DOWN DOWN

CADILAHC 517 507 528 549 543 DOWN DOWN DOWN

CANBK 195 189 201 176 153 UP UP UP

CANFINHOME 683 669 697 679 549 UP UP UP

CHOLAFIN 595 583 607 576 526 UP UP UP

CIPLA 906 888 924 941 895 DOWN DOWN UP

COALINDIA 181 175 186 182 146 UP DOWN UP

COFORGE 5820 5704 5937 5466 3789 UP UP UP

COLPAL 1614 1581 1646 1684 1637 DOWN DOWN DOWN

COROMANDEL 836 819 852 829 812 UP UP UP

DABUR 593 581 605 622 566 DOWN DOWN DOWN

DEEPAKNTR 2555 2504 2606 2645 1784 UP DOWN UP

DIVISLAB 5116 5014 5219 5104 4250 UP DOWN UP

DIXON 5209 5105 5314 4910 4033 UP DOWN UP

DLF 413 405 421 412 308 UP DOWN UP

DRREDDY 4754 4659 4849 4882 4951 UP DOWN UP

ESCORTS 1438 1410 1467 1492 1284 UP DOWN UP

GODREJCP 992 973 1012 1033 861 DOWN DOWN DOWN

GODREJPROP 2310 2264 2356 2293 1526 UP DOWN UP

GRASIM 1693 1659 1726 1649 1405 UP UP UP

HAL 1410 1382 1438 1373 1091 UP DOWN UP

HAVELLS 1407 1379 1435 1401 1133 DOWN UP UP

HCLTECH 1233 1208 1258 1283 1031 DOWN DOWN UP

HDFC 2795 2739 2851 2771 2605 UP UP UP

HDFCAMC 2861 2803 2918 2987 2974 DOWN DOWN DOWN

HDFCBANK 1674 1640 1707 1614 1506 UP UP UP

HDFCLIFE 703 689 717 720 695 DOWN DOWN UP

HEROMOTOCO 2816 2760 2872 2866 2999 UP DOWN UP

HINDALCO 513 503 523 492 377 UP UP UP

HINDPETRO 317 308 327 305 261 UP DOWN UP

HINDUNILVR 2479 2429 2528 2683 2428 DOWN DOWN DOWN

ICICIBANK 746 731 761 714 637 UP UP UP

ICICIGI 1504 1474 1534 1560 1497 DOWN DOWN UP

IDEA 11 10 11 11 10 UP DOWN UP

IDFCFIRSTB 49 47 50 48 53 UP DOWN UP

IEX 789 774 805 680 397 UP DOWN UP

IGL 499 489 509 521 531 DOWN DOWN DOWN

INDHOTEL 219 213 226 197 137 UP UP UP

INDIGO 2012 1972 2052 2046 1742 DOWN UP UP

INDUSINDBK 1202 1178 1226 1160 1005 UP UP UP

INFY 1802 1766 1838 1717 1477 UP UP UP

IRCTC 4434 4346 4523 4367 2276 DOWN DOWN UP

ITC 247 239 254 241 214 UP DOWN UP

JINDALSTEL 441 432 450 403 375 UP UP UP

JSWSTEEL 685 671 699 675 600 UP UP DOWN

JUBLFOOD 3965 3886 4045 4136 3261 DOWN DOWN UP

KOTAKBANK 2015 1975 2056 2003 1827 UP UP UP

LICHSGFIN 435 427 444 438 433 UP UP UP

LT 1807 1771 1843 1741 1515 UP UP UP

LUPIN 930 911 948 948 1068 DOWN DOWN DOWN

M&M 899 881 917 845 801 UP UP UP

MANAPPURAM 196 190 201 184 169 UP UP UP

MARICO 561 550 572 563 477 UP DOWN UP

MARUTI 7591 7439 7743 7331 7175 UP UP UP

MCDOWELL-N 839 822 856 856 638 UP DOWN UP

METROPOLIS 2908 2849 2966 2841 2500 DOWN UP DOWN

MGL 1044 1023 1065 1079 1135 DOWN DOWN DOWN

MINDTREE 4780 4684 4876 4403 2569 UP UP UP

MOTHERSUMI 230 223 237 232 217 UP DOWN UP

MPHASIS 3470 3401 3540 3217 2156 UP UP UP

NAM-INDIA 461 452 470 443 368 UP UP UP

NATIONALUM 109 106 113 99 71 UP DOWN UP

NAUKRI 6917 6779 7055 6697 5241 UP UP UP

NAVINFLUOR 3502 3432 3572 3853 3262 DOWN DOWN DOWN

NESTLEIND 19278 18892 19663 19467 17880 DOWN DOWN UP

NMDC 149 145 154 146 151 UP DOWN UP

OFSS 4685 4591 4778 4685 3786 UP DOWN UP

PAGEIND 37403 36655 38151 34891 30681 UP UP UP

PEL 2662 2609 2715 2748 2086 UP DOWN UP

PFC 140 136 145 141 125 UP DOWN UP

PFIZER 5262 5156 5367 5587 5270 DOWN DOWN DOWN

PIDILITIND 2418 2369 2466 2438 2036 UP DOWN UP

PIIND 3055 2994 3116 3226 2717 DOWN DOWN DOWN

PNB 43 42 45 41 39 UP DOWN UP

POLYCAB 2294 2248 2340 2429 1711 UP DOWN UP

PVR 1672 1639 1706 1638 1378 UP UP UP

RAMCOCEM 986 966 1005 991 980 DOWN UP DOWN

RBLBANK 189 183 195 190 209 UP UP UP

RECLTD 154 149 158 158 146 UP DOWN UP

RELIANCE 2700 2646 2754 2585 2133 UP UP UP

SAIL 119 116 123 116 105 UP DOWN UP

SBILIFE 1169 1145 1192 1207 1010 UP DOWN UP

SBIN 500 490 510 464 395 UP UP UP

SHREECEM 27457 26908 28007 28672 27763 DOWN DOWN DOWN

SIEMENS 2211 2166 2255 2198 1967 UP DOWN UP

SRF 2209 2165 2253 2224 1431 DOWN DOWN UP

SUNPHARMA 815 799 831 809 683 UP DOWN UP

SUNTV 543 532 554 526 511 UP UP UP

SYNGENE 606 594 618 625 594 DOWN DOWN UP

TATACHEM 1034 1013 1055 954 739 UP DOWN UP

TATACONSUM 827 810 843 830 709 DOWN UP DOWN

TATAMOTORS 487 477 497 381 311 UP UP UP

TATAPOWER 230 223 237 178 116 UP UP UP

TATASTEEL 1343 1316 1370 1316 1057 DOWN DOWN DOWN

TCS 3609 3537 3681 3768 3299 DOWN DOWN UP

TECHM 1539 1509 1570 1441 1124 UP UP UP

TITAN 2411 2363 2460 2273 1698 UP DOWN UP

TORNTPHARM 2982 2923 3042 3096 2807 UP DOWN UP

TORNTPOWER 498 488 508 508 428 UP DOWN UP

TRENT 1111 1089 1134 1065 848 UP UP UP

TVSMOTOR 579 568 591 560 579 UP UP UP

UBL 1660 1627 1693 1633 1349 UP UP UP

ULTRACEMCO 7130 6987 7272 7427 6781 DOWN DOWN DOWN

UPL 716 702 730 727 689 DOWN DOWN DOWN

VEDL 356 346 367 308 252 UP UP UP

VOLTAS 1248 1223 1273 1257 1036 UP DOWN UP

WIPRO 702 688 716 664 526 UP UP UP

ZEEL 320 310 330 307 217 UP UP UP

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DAILY PIVOT TABLE

Stock CMP Support Resistance 21 DMA 200 DMA Intraday Short Term Long Term

Thursday21st October, 2021

ALUMINIUM 1 246 239 253 238.38 195.08 UP DOWN UP

CARDAMOM 1 1505 1475 1535 1478.42 2689.59 DOWN UP DOWN

CASTOR 1 6362 6235 6489 6128.29 5150.58 UP UP UP

CHANA 1 5128 5025 5231 5105.52 4997.8 UP UP DOWN

COPPER 1 792.35 777 808 733.18 709.08 UP UP UP

COTTON 1 31500 30870 32130 28755.24 23920.85 UP UP UP

CRUDEOIL 1 6217 6093 6341 5792.67 4905.27 UP UP UP

GOLD 1 47517 46567 48467 46697.62 47172.5 UP DOWN DOWN

GUARGUM5 1 11363 11136 11590 10147.52 7065.48 UP UP UP

GUARSEED10 1 6270 6145 6395 5946.57 4450.58 UP UP UP

JEERAUNJHA 1 14565 14274 14856 14466.9 13754.55 UP UP UP

LEAD 1 192 186 198 186.41 173.45 UP UP DOWN

MENTHAOIL 1 922.3 904 941 926.88 959.26 DOWN DOWN UP

NATURALGAS 1 402.8 395 411 408.95 259.88 UP DOWN UP

NICKEL 1 1620 1588 1652 1464.87 1350.14 UP UP UP

RMSEED 1 8654 8481 8827 8435 6955.06 UP UP UP

RUBBER 1 17450 17101 17799 17072.19 16180.42 DOWN UP DOWN

SILVER 1 65700 64386 67014 61370.19 66865.48 UP UP UP

SYBEANIDR 1 5396 5288 5504 5823.62 6711.6 DOWN DOWN DOWN

ZINC 1 303.8 295 313 272.39 237.24 UP DOWN UP

Instrument TRADING STRATEGYLTP S1 S2 R1 R2 Bias

MCX GOLD

MCX SILVER

MCX CRUDE OIL

MCX COPPER

MCX NATURAL GAS

USD-INR


The Compass …Direction at a glance

Gold prices inched up in yesterday's trade. Key support for Gold continues to be at 46991 mark. Confirmation of strength only above interweek hurdles at 48111 mark. Intraday Strategy: Buy at CMP, targeting 47593/48111/48619. Strict Stop at 46901.

Silver flared up in yesterday's trade in line with our buy call. Confirmation of weakness now only below 63113 mark. Intraday Strategy: Buy at CMP, targeting 66731/67957/69001. Strict Stop at 64109.

Oil prices consolidated in yesterday's trade. Positive bias to continue. Intraday Strategy: Buy at CMP, targeting 6368/6501 mark. Strict Stop at 6113.

Copper prices traded rangebound in yesterday's trade. Major intraday hurdles now at 823 mark. Intraday strategy: Buy between 777-785 zone. Targets 807/823. Strict stop at 757.

MCX Natural Gas prices flared up again in yesterday's trade amids bargain hunting. Key support seen at 369. Intraday Strategy: Buy between 389-395 zone, targeting 413/427/469 mark. Stop at 383.

USD/INR slipped hard in yesterday's trade. Key support now seen at 74.51. Interweek hurdles seen at 75.15 zone. Interweek Strategy: Sell between 74.97-75.05 zone, targeting 74.51/74.19 mark. Strict Stop at 75.21.

47517 46991 46379 48111 48619 Positive

65700 64449 63113 66731 67957 Positive

6217 6139 5991 6368 6501 Positive

792.35 777 761 807 823 Positive

402.6 383 369 397 413 Neutral

74.87 74.51 74.19 75.15 75.57 Neutral

MCX GOLD: A better bullish market mood prevails amidst a falling greenback. Cnfirmation of strength only above 48111.

Instrument TRADING STRATEGYLTP S1 S2 R1 R2

GOLD (USD)

SILVER (USD)

WTI CRUDE OIL (USD)

EUR/USD

Bias

DOW JONES

US Dollar Index


The Navigator …Sailing global trend

The Dow Is Rising, Oil Prices too are Gaining. Spotlight shifts to earnings.

1786 1745 1723 1803 1821 Positive

23.83 22.95 21.45 24.21 25.05 Positive

83.61 81.19 78.05 85 90 Positive

1.1654 1.1503 1.1460 1.1771 1.1873 Negative

93.58 93.69 92.20 95.05 95.75 Positive

35619 33901 32795 36219 37101 Positive

Key support at 1745 mark. Interweek Strategy: Establish buy positions between 1745-1751 zone. Targets 1791/1803/1821 mark with stop at 1721.

Key hurdles at 25.05. Interweek Strategy: Establish buy positions at CMP. Targets 24.21/25.05 with stop at 22.87.

Despite volatility, Oil prices moved up in yesterday's trade.Interweek Strategy: Establish buy positions at CMP. Targets 85/90. Stop at 80.79.

Interweek Strategy: Establish sell positions between 1.1675-1.1701 zone. Targets 1.1503/1.1460 with stop at 1.1809.

Interweek Strategy: Establish buy positions between 93.69-93.75 zone. Targets 94.50/95.50 with stop at 93.01.

the S&P 500 index and Dow industrials moved to all-time highs, as investors’ eyed third-quarter earnings of the electric-vehicle maker Tesla Inc which was to trickle in after the market closes. Interweek Strategy: Establish buy positions at CMP. Targets 35513/36209 mark with stop at 33711.

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

POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report)Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.


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