A person who keeps patience

is sure to win in share market.

Suresh Rathi
Wealth Creator thru Systematic Investment

Daily Research Reports Suresh Rathi

Wealth Creator thru Systematic Investment

Disclosures and Disclaimer : This report must be read with the disclosures in the Disclosure appendix,
and with the Disclaimer, which forms part of it. This document does not contain any investment views or opinions.
 Suresh Rathi Market Forecast Friday
Wealth Creator thru Systematic Investment 22nd November, 2024

# Good Morning & Welcome to Friday’s trading session at Dalal Street, dated INDICES
November 22nd 2024.
Nifty 23350 -0.72%
# In early action, Gift Nifty is comfortably in the green.
Bank Nifty 50373 -0.50%
# Our call of the day however which suggests that Nifty is likely to struggle to find a
pathway higher as bears are likely to step-in on any intraday strength. Nifty Auto Index 23146 -0.91%

# Now, here is our preferred trade on Nifty and Bank Nifty: Nifty FMCG Index 55694 -1.21%

Nifty (23350): Sell between 23450-23500 zone. Stop at 24151. Targets 23275/23167. Nifty Infra Index 8306 -0.89%
Aggressive targets at 21281-21500 zone. Nifty IT Index 41953 0.49%
Bank Nifty (50373): Sell between 50550-50750 zone. Stop at 52301. Targets Nifty Media Index 1899 -2.40%
49700/49283. Aggressive targets at 46100-47000 zone.
Nifty Midcap Index 15168 -0.11%
# The renewed pessimism at Dalal Street is linked to Indian billionaire Gautam Adani
who has been charged with fraud in the US, which has accused him of orchestrating a Nifty Metal Index 8717 -2.28%
$250m bribery scheme and concealing it to raise money in the US. Nifty Pharma Index 21740 -0.13%
# Gautam Adani has been indicted for fraud by US prosecutors and arrest warrants Nifty Reality Index 975 0.93%
issued for him and his nephew.
Nifty Smallcap Index 17597 -0.46%
# Kenyan President William Ruto has cancelled proposed deals with Adani Group.
Sensex 77156 -0.54%
Ruto also directed the cancellation of a more than $700-million deal the energy ministry
had signed with a unit of the Adani Group to construct power transmission lines. SGX Nifty 23352 -0.06%

# The other key themes for the day:

1) That December US interest-rate cut remains in limbo, with traders uncertain after Outlook for the Day
Powell has said the Fed is in no rush to cut rates.
Choppy & Volatile session likely
2) WTI crude oil comfortably in green above the $70 per barrel supported by
escalating conflict between Russia and Ukraine.
3) Record exodus from the Foreign Institutional Investors. (This November, FIIs
have sold to the tune of Rs. 39669 crores). Nifty Outlook

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Suresh Rathi
# Long Story Short: Nifty is vulnerable to more downside as bears hunt for more Intraday Neutral (23150-23650)
downside targets.
Medium Term Neutral 21281-24900)

Long Term Positive (20000-26500)

Outlook for Friday: Volatility is likely to be the hallmark.
# Traders will be also on the edge ahead of the counting of votes of Maharashtra and
Jharkhand which is scheduled for November 23.

Meanwhile, the exit polls show a bumper win for the BJP-led Mahayuti alliance. Key Levels to Watch
Nifty Support 23167/22891
# Buzzing Stocks:
Nifty Resistance 23798/24537
1) The Adani Group is experiencing its worst trading day since the Hindenburg
controversy was published in January 2023.

The street will also closely monitor Boutique investment firm GQG Partners
Pivot Level
which was among the initial investors to acquire a stake in the Adani Group Nifty 24237
following the Hindenburg scandal in 2023.

Wealth Creator thru Systematic Investment

 Suresh Rathi Market Forecast
Wealth Creator thru Systematic Investment

As of the quarter that ended on September 30, GQG Partners held stakes in six Technical Strategy
Adani Group companies, which ranged between 1.5% to 2%.
GQG Stake as of September 30, 2024 Tejas Networks 1268
I. Ambuja Cements 2.05% Action Buy
ii. Adani Energy Solutions 1.89%
Target 1701
iii. Adani Power 1.76%
iv. Adani Green Energy 1.62% Support 1121/961
v. Adani Enterprises 1.45% Resistance 1495/2000
vi.Adani Ports 1.46%
Holding Period 12-15 Months
2) NTPC’s wholly owned subsidiary NTPC Green Energy’s initial public offer got
subscribed 88% on the second day of share sale on Thursday.
TEJAS NETWORKS
The Rs 10,000-crore initial share sale with a price band of Rs 102-108 per share, will be CMP 1268

available for public subscription up to November 22nd. Target Price 1900

Stop 877
52 Week H/L 1495/652
STOCKS TO WATCH: P/E 47.39
EPS (TTM) 26.55
# SECTORS: Promoter Holding/DIIs/FIIs 43.09%/2.35%/3.10%
Book Value 217
# Bullish Sectors: REALITY Market Cap (INR) 21712
Theme:
# Bearish Sectors: IT, MEDIA, OIL & GAS, FMCG, BANKS. Tejas Networks Ltd is India’s largest R&D-driven telecom equipment company,
founded by technocrats, with over 1700 employees. Tejas designs,
# BULLISH STOCKS (Value Buying+ Long Build-up+ Short Covering): M&M, manufactures and sells leading-edge telecom products used by
communication service providers, utilities, defence and government entities in
HDFC BANK, INDIAN HOTEL, EICHER MOTORS, FEDERAL BANK, NALCO, DLF, ASHOK over 75 countries. The company has a full range of products for building end-
to-end networks including wireless (4G/5G), optical transmission (DWDM,
LEYLAND. OTN) and packet switching (Ethernet, IP/MPLS) that can be managed by a
universal, multi-technology network management system. The company is a
top-10 global supplier in the optical aggregation and broadband access
# BEARISH STOCKS (Long Unwinding + Short build-up): SRF, VOLTAS, NMDC, segments, has filed 440+ patents and is ranked amongst Top-3 listed
companies in India, in terms of percentage of revenues spent on R&D. Tejas
HAL, SYNGENE, NAVIN FLOURO, ONGC, ADANI ENTERPRISES, SAIL. Networks is a part of the Tata Group.
Company has state-of-the-art integration & testing facility with a 72000 sq. ft.
# Our chart of the day is bearish on SRF, BAJAJ FINANCE and VOLTAS on any built-up area at Electronics City, Bangalore. Company has a long-standing
relationship with leading telecom operators in India, such as Bharti Airtel
intraday strength with an interweek perspective. Limited, Reliance Jio, Vodafone-Idea, BSNL, Tata Communications, and Tata
Teleservices. Business segments and geographies mix. Company’s revenue is
# The 1 Stock to Sell Right Now: Sell VOLTAS (CMP 1676): Sell at CMP. Stop at

Wealth Creator thru Systematic Investment

Suresh Rathi
derived from three segments, (a) International business (contributes ~46%
to overall revenue), Indian private business (41%), and Indian Government
1795. Targets 1617/1559. Aggressive targets at 1513. (Interweek Strategy). business (13%) as on Q2 FY 22. On the Geographies front, company
generates ~54% of revenue from the domestic market and ~46% from
Rationale: Overbought technical conditions. Momentum oscillators turning in bearish international markets.

mode. Massive breakdown on the daily charts on cards. Key hurdles 1784. Product Portfolio: Company derives ~91% (Rs 468.34 Cr) of revenue from the
sale of products and remaining ~9% (Rs 46.48 Cr) from delivering services.
Company’s products are broadly categorized into (1) Broadband Access, (2)
Metro, and (3) Long-haul networks.
FII/DII & OPTIONS DATA: Tejas Networks Q2 2025 Earnings Highlights:
Financials ▪ Q2FY 25 Net Revenue: INR 2,811 Cr (7.1x YoY) ▪ Q2FY 25 Profit
# The Put-Call Open Interest Ratio was at 0.85 for Nifty. After Tax: INR 275 Cr ▪ Order book at end of Q2: INR 4,845 Cr
Wireless Business ▪ Ramped up 4G/5G RAN shipments for BSNL’s pan-India
# The fear index, India VIX, which gauges the volatility in the Indian stock markets, network; cumulatively shipped equipment for 58,000+ sites ▪ Received
additional orders for densification of installed 4G sites in a few circles
ended higher by 2.11% at 15.99 points. Wireline Business ▪ Selected for PTN and DWDM equipment from a Tier-1
Telco in India for capacity expansion ▪ Continuing success in the critical
# In Thursday’s session, FIIs turned out to be net sellers to the tune of Rupees 5321 infrastructure segment; selected by a leading state power utility and in smart
city projects ▪ Good traction for GPON and DWDM products in international
crores while DIIs bought shares to the tune of Rupees 4200 crores. markets with new customer wins in Americas and Africa ▪ Received initial order
for network modernization win in US

# The Nifty options data suggests Nifty is likely to be in a trading range of 23000-24200 Technical Outlook: The recent sequence of higher high/low is intact in all
time frames with bullish a probable bullish Flag pattern break on the monthly
zone. Maximum Call OI is at 24000 followed by 24500 strike prices. So, the 24000 mark charts. The 200-DMA of the stock is around 1112 levels and will act as major
support.
is now Nifty’s major resistance zone on closing basis. Preferred Strategy: Look to accumulate at CMP, and on dips
between 1000-1050 zone, targeting 1500/1751 and then
Maximum Put open interest stands at 21700 levels followed by 23000 levels. aggressive targets at 2000 with stop below 877. Holding Period:
12-15 months.

Wealth Creator thru Systematic Investment

 Suresh Rathi Market Forecast
Wealth Creator thru Systematic Investment

Call writing was seen at 23400 and then at 23500 strike price, while there was meaningful Put writing at 23100 and then at 22900 strike prices.

# Stocks banned in F&O segment: AARTI INDUSTRIES, ABFRL, GRANULES, GNFC, HIND COPPER, IGL, ADANI ENT, NALCO

WHAT TECHNICAL TELLS US ON NIFTY

Daily chart of Nifty:

# Nifty: In Thursday’s trade, Nifty opened on a cautious note and the selling intensified as the day progressed. In the process, Nifty reversed
its Tuesday’s gains and formed a big bearish candlestick pattern on the daily charts.
Nifty ended 0.72% below the dotted lines. Nifty’s all-time-high continues to be at 26277.35 mark.
The technical landscape suggests Nifty’s major support at 23167 mark. Intermonth support seen at 21281 mark.
Nifty’s hurdles seen at 23603/24107/24337 mark and then at 25211 mark.
Nifty’s 200 DMA at 23583 mark.

Daily chart of Bank Nifty:

Wealth Creator thru Systematic Investment

Suresh Rathi
# Bank Nifty: In Thursday’s trade, Bank Nifty was seen trading with negative bias and the negative takeaway was that the benchmark ended
well below the dotted lines.
Bank Nifty new all-time-high continues to be at 54467.35 mark.
Bank Nifty ended 0.50% lower as against Nifty’s 0.72% loss.
Interestingly, in Thursday’s trade, Nifty PSU Bank index ended 2.72% lower while Nifty Private Bank index ended 0.08% higher.
Intraday support for Bank Nifty now seen at 49903/49283 mark and then at 46077 mark on closing basis.
In today’s trade and in near term, Bank Nifty is likely to face resistance at 50953/51551 mark. Bank Nifty’s 200-DMA is placed at 49823 mark.

Wealth Creator thru Systematic Investment

 Suresh Rathi Market Forecast
Wealth Creator thru Systematic Investment

ECONOMIC CUES:
# The US CPI for October was in line with expectations, sending Treasury bond prices higher and their yields lower. Yields had risen to their
highest levels since July in the wake of Donald Trump’s election win as the bond market worried about the potential for inflationary policies like
tariffs to stymy rate-cuts in 2025.
# Chinese consumer inflation in October and another decline in factory-gate prices, highlighting deflation risks despite Beijing’s late-
September stimulus efforts.
China’s producer prices fell by 2.9% year-on-year in October 2024, following a 2.8% drop in the previous month and going beyond market
expectations of a 2.5% decline. This marked the 25th consecutive month of producer deflation and the sharpest contraction since November
2023, reflecting persistently weak domestic demand despite ongoing efforts by Beijing to break the trend.

GLOBAL STOCK MARKETS:

Overnight, Wall Street turned higher prompted by Nvidia gains. Nvidia’s shares were up nearly 1.5%, reversing early losses in premarket, as
traders digest its quarterly results. Nvidia earnings and revenue topped forecasts but the results showed a slowdown from previous quarters
and sales forecast for the current period didn’t match some of the perma-bulls optimistic forecasts.

RECAP OF PREVIOUS DAY’S TRADING SESSION:

NIFTY (-169, 23350)
Sensex (-423, 77156)
Bank Nifty (-254, 50373)
Nifty’s gets fresh drubbing.
The latest leg down is linked to Indian billionaire Gautam Adani who has been charged with fraud in the US, which has accused him of
orchestrating a $250m bribery scheme and concealing it to raise money in the US.
Amidst this backdrop, Nifty PSU Banks index, tumble 2.65%. LIC loses nearly Rs 12,000 crore in seven Adani shares in a day on
Gautam Adani’s civil indictment news.
Adani Group market cap plummets Rs 2.2 lakh crores. Adani Enterprises (-23%) Adani Port (-13.95%) ACC (-7.32%) Ambuja Cement
(11.73%) Adani Power (-8.52%) Adani Wilmar (-10%) Adani Total Gas (-10%)
Mr Adani’s business empire extends from ports and airports to renewable energy. The Adani Group has denied the allegations, calling them
"baseless".

Wealth Creator thru Systematic Investment

Suresh Rathi
# Sentimental Overview:
# Nifty and Sensex drop around 0.72%. India VIX at 15.97. Technically, Nifty ended lower and way below its 200 DMA (23583).
The trading theme shall revolve around continued
1) Geopolitical tensions
2) Spiking oil prices at $69.50 per barrel
3) Strengthening of US Dollar.The US Dollar index flirts with its 2-year high, now at 106.78 levels. The US Dollar benefits from rising US
Treasury bond yields.
4) The December US interest-rate cut remains in limbo, with traders uncertain after Powell has said the Fed is in no rush to cut rates.

Blame the pessimism on:

1) FII exodus has crossed Rs 34,348 crore this November.
2) Increased skepticism about Corporate India’s Q2 earnings disappointment.
# Meanwhile, exit polls show a bumper win for the BJP-led Mahayuti alliance. The counting of votes is scheduled for November 23.

Wealth Creator thru Systematic Investment

 Suresh Rathi Market Forecast
Wealth Creator thru Systematic Investment

# Technical Overview:

# Technically speaking, any near-term rebound could be a Dead Cat Bounce!

Strictly speaking, ‘Dead Cat Bounce’ is a temporary price recovery following losses, that is followed by more losses.

Immediate downside risk on Nifty is placed at 23157 mark; aggressive downside targets are at Nifty’s psychological 23000 mark.

# Confirmation of strength only on any close above Nifty 23750.

# Outperforming Nifty Sectors:

Nifty REALITY (+1.02%)

# Underperforming Nifty Sectors:

Nifty PSU BANKS (-2.65%)
Nifty METAL (-2.41%)
Nifty MEDIA (-2.37%).

# Bulls of the day:

POWERGRID (+3.25%)
ULTRACEMCO (+1.70%) HINDALCO (+1.20%)
APOLLOHOSP (+0.88%)
GRASIM (+0.88%)

# Bears of the day:

ADANIENT (-23.44%)
ADANIPORTS (-13.23%)

Wealth Creator thru Systematic Investment

Suresh Rathi
SBILIFE (-3.15%)
SBIN (-2.75%)
NTPC (-2.51%)
(Source NSSEINDIA.com)

Wealth Creator thru Systematic Investment

Suresh Rathi
Wealth Creator thru Systematic Investment
TOP PICKS (F & O)
It's like having investment binoculars !

SRF & BAJAJ FINANCE appear weak as the recent sequence of lower high/low intact on daily charts.

STOCKS LTP S1 S2 R1 R2 BIAS TRADING STRATEGY

Sell between 6500-6525 zone. Stop at 6751. Targets
6375/6251. Aggressive targets at 6187. (Interweek
Strategy). Rationale: The recent sequence of lower
BAJAJ FINANCE 6466 6375 6187 6713 6871 Negative
high/low intact on daily charts. Weakening momentum.
Massive breakdown on the daily charts. Key hurdles 6713.

Sell between 221-223 zone. Stop at 238. Targets 213/205.

Aggressive targets at 190. (Interweek Strategy).
NMDC 218 205 190 233 246 Negative Rationale: Overbought technical conditions. Weakening
momentum. Massive breakdown on the daily charts. Key
hurdles 246.

Wealth Creator thru Systematic Investment

Suresh Rathi
Sell between 3290-3310 zone. Stop at 3373. Targets
3159/3000. Aggressive targets at 2875. (Interweek
NAVIN FLOURO 3262 3159 2875 3351 3571 Negative Strategy). Rationale: Momentum oscillators turning in
bearish mode. Overbought technical conditions on daily
charts. Key support only at 3159.

Sell between 2175-2190 zone. Stop at 2323. Targets

2089/2000. Aggressive targets at 1921. (Interweek
SRF 2144 2089 1921 2227 2309 Negative Strategy). Rationale: Breaking down from an overbought
zone. Weakening momentum. Massive breakdown on the
daily charts. Key hurdles 2309.

Sell at CMP. Stop at 1795. Targets 1617/1559. Aggressive

targets at 1513. (Interweek Strategy). Rationale:
VOLTAS 1675 1617 1513 1747 1793 Negative Overbought technical conditions. Momentum oscillators
turning in bearish mode. Massive breakdown on the daily
charts on cards. Key hurdles 1784.

Wealth Creator thru Systematic Investment

 Friday
Suresh Rathi EQUITY DERIVATIVES 22nd November, 2024
Wealth Creator thru Systematic Investment Looking into the future from present.

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

Future Call: BUY DLF NOVEMBER FUTURES at CMP 774.70.

Nifty Spot 23349.90 (-0.72%)
Targets at 789 and then at 805. Stop at 759. Holding Period:
Intraday. Analyst’s Remark: Oversold conditions likely to propel Bank Nifty Spot 50372.90 (-0.50%)
stock price higher.
VIX 15.99 (+2.11%)

Option Call: BUY NIFTY 28th NOV CE Strike Price 23400 at CMP Premium +01 vs -28
164. Maximum Loss: Rs 4100. Profit: Unlimited. Stop: Exit Call Nifty Future OI 1.12 crores (-2.29%)
Option if NIFTY NOVEMBER FUTURES moves below 23135.
Analyst’s Remark: Rebound play likely amidst oversold conditions. Bank Nifty Future OI 25.24 lakhs (-5.93%)

Market Summary: Cash Volumes Day Before

Yesterday
(INR in Cr.) Yesterday
• Nifty November Futures ended Thursday’s session at a premium of
+1 vs discount of -28. BSE Cash Vol.
6061.1 5950.64
(Rs. in Cr)
• The 28th November expiry Put-Call Open Interest Ratio was at 0.84
NSE Cash Vol.
for Nifty. 110779.62 92273.39
(Rs. in Cr)
• The 28th November expiry Put-Call Volume Ratio was at 0.82 for the NSE Derivative
68,59,172 55,74,308
Nifty. Vol. (Rs. in Cr)

• For Nifty, Maximum Call Open Interest (OI) stands at 24000 Strike
Derivatives Vol. No of Turnover
Price, followed by 24500 Strike Price for 28th November Series. Short
(INR in Cr.) contracts (Rs. In cr.)
Buildup was seen at strike prices 23300-24600.
• Maximum Put Open Interest (OI) was seen at strike price 21700 Index Future Volumes 1,59,730 10,204
followed by 23000 strike prices for 28th November series. Long Buildup
was seen at strike prices 21700-23400. Stock Future Volumes 9,46,028 59,346

• For Bank Nifty, Maximum Call Open Interest (OI) stands at 52000 Index Option Volumes 10,99,32,091 66,27,321
Strike Price and Maximum Put Open Interest stands at 46000 Strike
Price. Stock Option Volumes 24,70,177 1,62,300

Wealth Creator thru Systematic Investment

Suresh Rathi
• As per Thursday’s provisional data available on the NSE, FIIs sold
Total 11,35,08,026 68,59,172
shares worth Rs. 5320.68 crores in the Indian Equity Market. DIIs on
the other hand, bought shares worth Rs. 4200.16 crores.
Major Changes in Nifty Options (OI)
• Long Buildup: M&M, DLF.
• Short Buildup: NTPC, RECLTD, ITC, BAJFINANCE Calls in lakhs (% Change)
• Short Covering: LUPIN, MCX, PIIND, GAIL 23100 0.09 (+800%)

• Long Unwinding: BEL, PFC, DABUR, EICHERMOT 23200 0.21 (+600%)

• Stocks banned in F&O Segment: AARTIIND, ABFRL, ADANIENT, 23300 1.05 (+2525%)
GNFC, GRANULES, HINDCOPPER, IGL, NATIONALUM.
Puts
• New in Ban: ADANIENT, NATIONALUM.
22700 0.6 (+46%)
• Out of Ban: NIL. 22800 0.82 (+52%)
22900 0.64 (+83%)

Wealth Creator thru Systematic Investment

 Suresh Rathi
Wealth Creator thru Systematic Investment DAILY PIVOT TABLE Friday
22nd November, 2024

Stock CMP Support Resistance 21 DMA 200 DMA Intraday Short Term Long Term
Nifty 50 23350 22883 23817 24077 23583 DOWN DOWN DOWN
Bank Nifty 50373 49365 51380 51297 49823 DOWN DOWN DOWN
NIFTY PVT BANK 24825 24328 25321 25169 24835 DOWN DOWN DOWN
NIFTYOILGAS 10446 10238 10655 11207 12044 DOWN DOWN DOWN
NIfty Energy 35789 35074 36505 38537 40763 DOWN DOWN DOWN
Nifty Fin. Services 23273 22808 23739 23748 22491 DOWN DOWN DOWN
Nifty Auto 23146 22683 23609 23670 23728 DOWN DOWN DOWN
Nifty FMCG 55694 54580 56808 58209 58092 DOWN DOWN DOWN
Nifty IT 41953 41114 42792 41721 38172 DOWN UP DOWN
Nifty Infra 8306 8140 8472 8680 8778 DOWN DOWN DOWN
Nifty MNC 27606 27054 28158 28943 28765 DOWN DOWN DOWN
Nifty Media 1899 1861 1937 1950 1996 DOWN DOWN DOWN
Nifty Metal 8717 8543 8892 9205 9146 DOWN DOWN DOWN
Nifty MidCap 50 15168 14864 15471 15501 15170 DOWN DOWN DOWN
Nifty PSE 9592 9400 9784 10060 10319 DOWN DOWN DOWN
Nifty PSU Bank 6319 6193 6445 6637 7008 DOWN DOWN UP
Nifty Pharma 21740 21305 22175 22391 20632 DOWN DOWN DOWN
Nifty Realty 975 956 995 981 1002 DOWN DOWN DOWN
Nifty Smallcap 100 17597 17245 17949 18171 17601 DOWN DOWN DOWN

AARTIIND 426 417 434 482 638 DOWN DOWN DOWN

ABB 6761 6626 6896 7221 7238 DOWN DOWN DOWN
ABBOTINDIA 27115 26572 27657 28421 27844 DOWN DOWN DOWN
ABCAPITAL 183 178 189 200 212 DOWN DOWN DOWN
ABFRL 284 276 293 300 289 DOWN DOWN DOWN
ACC 2027 1987 2068 2262 2486 DOWN DOWN DOWN
ADANIENT 2184 2140 2227 2843 3095 DOWN DOWN DOWN
ADANIPORTS 1115 1092 1137 1331 1390 DOWN DOWN DOWN
ASHOKLEY 219 212 225 215 213 DOWN UP DOWN
ASIANPAINT 2428 2380 2477 2784 2959 DOWN DOWN DOWN
ASTRAL 1714 1680 1748 1762 2029 DOWN DOWN DOWN
ATUL 7242 7097 7387 7589 6832 DOWN DOWN DOWN
AUBANK 594 582 606 605 638 UP DOWN DOWN
AUROPHARMA 1220 1196 1244 1354 1275 DOWN DOWN DOWN
AXISBANK 1139 1116 1162 1160 1156 DOWN DOWN DOWN
BAJAJ-AUTO 9505 9315 9695 9870 9617 DOWN DOWN DOWN
BAJAJFINSV 1569 1538 1601 1706 1661 DOWN DOWN DOWN
BAJFINANCE 6466 6336 6595 6813 6934 DOWN DOWN DOWN
BATAINDIA 1282 1256 1307 1344 1418 DOWN DOWN DOWN
BEL 275 267 284 284 265 DOWN UP UP
BERGEPAINT 466 456 475 516 542 DOWN DOWN DOWN
BHARATFORG 1296 1270 1322 1390 1432 DOWN DOWN DOWN
BHARTIARTL 1525 1495 1556 1600 1414 DOWN DOWN DOWN
BHEL 228 221 235 232 270 DOWN DOWN DOWN
BIOCON 323 313 333 325 321 DOWN UP DOWN
BOSCHLTD 34109 33427 34791 35171 32256 DOWN DOWN DOWN
BPCL 282 274 291 308 318 DOWN DOWN DOWN
BRITANNIA 4803 4707 4899 5464 5417 DOWN DOWN DOWN
BSOFT 545 534 556 566 670 DOWN DOWN DOWN
CANBK 94 91 98 101 112 DOWN DOWN DOWN
CANFINHOME 823 806 839 849 819 DOWN DOWN UP
CHAMBLFERT 455 446 465 475 445 DOWN DOWN UP
CHOLAFIN 1205 1181 1229 1284 1313 DOWN DOWN DOWN
CIPLA 1466 1436 1495 1520 1510 DOWN UP UP
COALINDIA 406 398 414 437 473 DOWN DOWN DOWN
COFORGE 8210 8046 8374 7787 6152 UP UP UP
COLPAL 2690 2636 2744 2972 3021 DOWN DOWN DOWN
CONCOR 770 755 785 817 964 DOWN DOWN DOWN
COROMANDEL 1768 1733 1803 1681 1432 DOWN UP UP
CROMPTON 382 370 393 390 378 DOWN DOWN DOWN
CUB 170 165 175 174 156 DOWN UP UP
DIVISLAB 5977 5858 6097 5848 4569 DOWN UP UP
DIXON 14995 14696 15295 14815 10734 UP DOWN UP
DLF 774 758 789 794 850 DOWN DOWN DOWN
DRREDDY 1195 1171 1219 1271 1277 DOWN DOWN DOWN
EICHERMOT 4882 4784 4980 4813 4559 UP UP DOWN
ESCORTS 3454 3385 3523 3602 3593 DOWN DOWN DOWN
EXIDEIND 415 407 424 445 455 DOWN DOWN DOWN
FEDERALBNK 211 205 217 200 176 UP UP UP
FINNIFTY 23273 22808 23739 23748 22491 DOWN DOWN DOWN
GAIL 188 183 194 200 208 DOWN DOWN DOWN
GRANULES 545 534 556 556 513 DOWN DOWN DOWN
GRASIM 2535 2484 2586 2600 2499 DOWN DOWN DOWN
GUJGASLTD 454 445 463 512 582 DOWN DOWN DOWN
HAL 3983 3904 4063 4226 4262 DOWN DOWN DOWN
HAVELLS 1636 1603 1669 1660 1730 DOWN DOWN DOWN
HCLTECH 1836 1800 1873 1832 1610 UP DOWN UP
HDFCAMC 4214 4130 4298 4361 4043 DOWN DOWN UP
HDFCBANK 1741 1706 1776 1734 1584 DOWN UP DOWN
HDFCLIFE 674 661 688 709 644 DOWN DOWN DOWN
HEROMOTOCO 4768 4672 4863 4859 5114 UP DOWN DOWN
HINDUNILVR 2383 2335 2430 2508 2536 DOWN DOWN DOWN
ICICIBANK 1251 1226 1276 1275 1168 DOWN UP UP
ICICIGI 1805 1769 1841 1904 1839 DOWN DOWN DOWN
ICICIPRULI 679 665 692 724 646 DOWN DOWN DOWN
IGL 311 302 321 409 478 DOWN DOWN DOWN
INDHOTEL 787 771 803 700 618 UP UP UP
INDIACEM 355 344 365 359 288 UP DOWN UP
INDIAMART 2254 2209 2299 2417 2714 DOWN DOWN DOWN
INDIGO 4070 3988 4151 4089 4080 UP DOWN DOWN
INDUSINDBK 981 962 1001 1078 1415 DOWN DOWN DOWN
INDUSTOWER 329 319 339 337 347 DOWN DOWN DOWN
INFY 1834 1797 1871 1828 1686 DOWN UP DOWN
IOC 131 127 135 142 167 DOWN DOWN DOWN
IPCALAB 1574 1542 1605 1571 1326 DOWN DOWN UP
IRCTC 794 778 810 822 952 DOWN DOWN DOWN
ITC 457 448 466 478 457 DOWN DOWN DOWN
KOTAKBANK 1737 1702 1772 1742 1766 DOWN DOWN DOWN
LALPATHLAB 3026 2966 3087 3072 2809 DOWN DOWN DOWN
LAURUSLABS 489 479 499 483 443 UP UP UP
LICHSGFIN 611 599 623 619 666 DOWN DOWN DOWN
LT 3484 3414 3553 3526 3575 DOWN UP UP
LTF 138 134 142 143 167 DOWN DOWN DOWN
LTIM 5931 5812 6050 5881 5458 UP DOWN DOWN
LTTS 5166 5062 5269 5136 5166 UP DOWN DOWN
MARUTI 10861 10644 11079 11277 12174 DOWN DOWN DOWN
MCX 6167 6043 6290 6377 4475 DOWN DOWN UP
METROPOLIS 2016 1975 2056 2111 1952 DOWN DOWN UP
MFSL 1174 1150 1197 1239 1053 DOWN UP UP
MGL 1125 1103 1148 1390 1561 DOWN DOWN DOWN
MIDCPNIFTY 12165 11921 12408 12375 11906 DOWN DOWN DOWN
NATIONALUM 248 241 256 230 186 UP UP UP
NAUKRI 7515 7365 7666 7694 6622 DOWN DOWN UP
NAVINFLUOR 3262 3197 3328 3356 3338 DOWN DOWN UP
NESTLEIND 2211 2167 2255 2262 2503 DOWN DOWN DOWN
NIFTY 23350 22883 23817 24077 23583 DOWN DOWN DOWN
NIFTYNXT50 66765 65430 68101 69509 68207 DOWN DOWN DOWN
NMDC 218 211 224 225 236 DOWN UP UP
NTPC 356 345 367 396 376 DOWN DOWN DOWN
OBEROIRLTY 1917 1879 1956 1968 1687 DOWN UP UP
OFSS 11142 10919 11365 11229 9554 DOWN DOWN UP
ONGC 242 235 249 261 284 DOWN DOWN DOWN
PAGEIND 44448 43559 45337 44373 39182 DOWN UP UP
PEL 1055 1034 1076 1055 946 DOWN DOWN UP
PERSISTENT 5726 5611 5840 5605 4513 UP UP UP
PETRONET 322 312 332 331 320 DOWN DOWN DOWN
PFC 453 444 462 458 469 UP UP DOWN
PIDILITIND 2938 2879 2997 3097 3033 DOWN DOWN DOWN
PIIND 4139 4056 4221 4419 4015 DOWN DOWN DOWN
PNB 96 93 100 101 119 DOWN UP DOWN
RAMCOCEM 915 897 933 876 833 UP UP UP
RBLBANK 156 152 161 165 232 DOWN DOWN DOWN
RECLTD 491 481 501 518 528 DOWN DOWN DOWN
RELIANCE 1223 1199 1247 1304 1459 DOWN DOWN DOWN
SAIL 111 107 114 116 139 DOWN DOWN DOWN
SBICARD 675 662 689 690 723 DOWN DOWN DOWN
SBILIFE 1478 1448 1508 1601 1587 DOWN DOWN DOWN
SBIN 781 765 796 817 801 DOWN DOWN UP
SHREECEM 24053 23572 24534 24673 25841 DOWN DOWN UP
SHRIRAMFIN 2802 2746 2858 3069 2790 DOWN DOWN DOWN
SIEMENS 6642 6509 6774 6889 6431 DOWN DOWN DOWN
SRF 2144 2101 2187 2250 2413 DOWN DOWN DOWN
SUNPHARMA 1780 1744 1816 1822 1653 DOWN DOWN DOWN
SUNTV 728 713 743 741 724 DOWN DOWN DOWN
SYNGENE 847 830 864 868 774 DOWN UP UP
TATACHEM 1045 1024 1066 1102 1074 DOWN UP UP
TATACOMM 1712 1677 1746 1769 1871 DOWN DOWN DOWN
TATACONSUM 912 893 930 978 1124 DOWN DOWN DOWN
TATAMOTORS 774 758 789 826 973 DOWN DOWN DOWN
TATAPOWER 408 400 416 427 426 DOWN DOWN DOWN
TATASTEEL 140 136 144 147 158 DOWN DOWN DOWN
TCS 4073 3991 4154 4076 4092 DOWN UP DOWN
TECHM 1702 1668 1736 1681 1445 UP UP UP
TITAN 3178 3115 3242 3235 3496 DOWN DOWN DOWN
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Suresh Rathi

ULTRACEMCO 10955 10736 11174 10977 10699 DOWN DOWN DOWN

UNITDSPR 1493 1463 1523 1458 1311 UP DOWN DOWN
VOLTAS 1676 1642 1709 1724 1471 DOWN DOWN DOWN
WIPRO 557 546 568 557 509 UP UP UP
ZYDUSLIFE 944 925 963 981 1040 DOWN DOWN DOWN

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.

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 Suresh Rathi
Wealth Creator thru Systematic Investment
The Navigator
…Sailing global trend

Dow rebounds and aims 44000 mark again

Instrument LTP S1 S2 R1 R2 Bias TRADING STRATEGY

Gold rebounds amidst oversold conditions. Interweek Strategy: Buy at

GOLD $ 2674 2633 2599 2701 2744 Positive CMP. Targets 2701/2744 mark with stop at 2622

Silver also rebounds. Interweek Strategy: Buy at CMP. Targets 32/32.6

SILVER ($) 30.97 30.44 29.55 32.00 32.60 Positive mark with stop at 30.34.

WTI CRUDE Crude oil rebounds amidst oversold conditions. Interweek strategy: Buy at

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Suresh Rathi
69.78 67 62 71 74.00 Positive CMP. Targets 71/74 with stop at 67.
OIL ($ )

EUR/USD corrects. Interweek Strategy: Sell at CMP. Targets

EUR/USD 1.0485 1.0331 1.0001 1.0699 1.0998 Negative 1.0331/1.0001 with stop at 1.0721.

US Dollar Index in positive momentum. Interweek Strategy: Buy at CMP.

US Dollar Index 106.90 105.75 104.44 107.44 108.00 Positive Targets 107.44/108 with stop at 105.65.

Dow rebounds. Interweek strategy: Buy at CMP. Targets 44222 and then
DOW JONES 43939 43651 43222 44222 43655 Positive at 43655 with stop at 43622

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 Suresh Rathi Group

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and does not construe to be an investment advice. It is also not intended as an offer or
solicitation for the purchase and sale of any financial instruments. Any action taken by
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subsidiaries or associates 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 recommendation or any action taken on basis of this information.

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
Suresh Rathi be contrary to recommendations issued by Suresh Rathi Securities (P) Ltd. in the
company research undertaken as the recommendations stated in this report is derived
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purely from technical analysis. Suresh Rathi Securities (P) Ltd. has based this document
on information obtained from sources it believes to be reliable but which it has not
independently verified; Suresh Rathi Securities (P) Ltd. makes no guarantee,
Suresh Rathi Securities (P) Ltd. representation or warranty and accepts no responsibility or liability as to its accuracy or

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Suresh Rathi
Mobile no. 9649654000 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.
Email: info@sureshrathi.in The information and any disclosures provided herein are in summary form and have been
Web: www.sureshrathi.com 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,
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information and any disclosures provided herein do not constitute a solicitation or offer to
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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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