TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

NIFTY FIFTY : - Nifty futures/Bank Nifty futures market closed on 9800.55 / 24066.45

According to technical analysis if Nifty futures and Bank Nifty future moves up-word
in tomorrow treading session then 9878 will be small resistance for Nifty futures and at
the same time 24385 will be small Resistance for Bank Nifty futures, if it break this
level then then Nifty futures can touch 10027 level and Bank Nifty futures can touch
25452 level in next few days. It will be hard resistance for Nifty futures and Bank Nifty
futures. Meanwhile in reveres there is small support on 9790 for Nifty futures and
23678 is for Bank Nifty futures after breaking this support with volume there is big
support for Nifty futures on 9616 and 23123 for Bank Nifty futures..

Monday, 3 Oct 2017

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY

DAILY R2 R1 PP S1 S2
9993 9828 9746 9664 9499

WEEKLY R2 R1 PP S1 S2
1069 10263 10048 9834 9403

MONTHLY R2 R1 PP S1 S2
11245 10365 9925 9485 8606

BANK NIFTY

DAILY R2 R1 PP S1 S2
25114 24283 23867 23451 22619

WEEKLY R2 R1 PP S1 S2
26749 25346 24644 23943 22540

MONTHLY R2 R1 PP S1 S2
28619 25863 24485 23107 20351

MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS

NIFTY 9994 9961 9790 9290

BANK NIFTY 24502 24509 23927 22104

PARABOLIC SAR DAILY WEEKLY MONTHLY

NIFTY 10156 9813 7504

BANK NIFTY 25146 20239 15641

PATTERN FORMATION ( NIFTY )

Detail of Chart - Yesterday nifty shows upward movemnt it open at 9801 and made high of 9881 and
close at 9787 it made low of 9788 .according to nifty chart major support level of of nifty is 9680 if it
can break it move downward direction upto the level of 9450.if can sustain the level of above 9700 it
can again touch the level of 10000
 PATTERN FORMATION ( BANK NIFTY )

Detail of Chart - Yesterday bank nifty open at 24135 and made high of 24627 and made low of 24016
and close at 24066. technical view: bank nifty major support is 24000 it break the levelof 24000 but not
give confirmation of breakout it make pool back from this level and give gape up open yesterday below
the level of 23600 bank nifty goes further in downward direction
 NSE EQUITY DAILY LEVELS

COMPANY NAME R2 R1 PP S1 S2
ACC EQ 1686 1840 1665 1654 1644
ALBK EQ 67 66 65 64 63
AMBUJACEM EQ 273 271 269 267 266
ASIAN PAINT EQ 1175 1165 1150 1140 1126
AXISBANK EQ 520 515 512 508 505
BAJAJ-AUTO EQ 3238 3214 3188 3164 3139
BANKBARODA EQ 140 139 13 136 135
BANKINDIA EQ 140 139 138 137 136
BHEL EQ 86 85 84 83 82
BHARTIARTL EQ 395 393 391 389 387
CIPLA EQ 597 591 586 580 576
COALINDIA EQ 276 273 271 268 266
DLF EQ 173 170 169 166 165
DRREDDY EQ 2441 2409 2382 2349 2322
GAIL EQ 449 443 433 427 416
GRASIM EQ 1178 1165 1151 1138 1125
HCLTECH EQ 893 888 882 877 872
HDFC EQ 1783 1772 1753 1742 1726
HDFCBANK EQ 1836 1827 1812 1803 1788
HEROMOTOCO EQ 3869 3845 3821 3798 3774
HINDALCO EQ 247 244 2414 238 236
HINDUNILVR EQ 1192 1186 1179 1172 1164
ICICIBANK EQ 282 279 278 275 273
ITC EQ 265 263 261 259 257
INDUSIND BANK EQ 1721 1707 1687 1673 1653
INFY EQ 916 911 907 901 897
JINDALSTEL EQ 143 141 138 137 134
KOTAKBANK EQ 1016 1007 1001 993 987
LT EQ 1167 1150 1141 1124 1115
M&M EQ 1305 1291 1277 1262 1248
MRF EQ 64295 63891 63595 63191 62895
MARUTI EQ 8158 8032 7943 7818 7729
ONGC EQ 175 173 171 169 168
ORIENTBANK EQ 123 122 120 118 116
RCOM EQ 19 18 17 16 15
RELCAPITAL EQ 606 585 574 552 542
RELIANCE EQ 814 805 795 787 777
RELINFRA EQ 483 472 467 456 451
RPOWER EQ 42 41 40 39 38
SBIN EQ 258 254 252 248 246
VEDL EQ 321 319 317 315 314
SUNPHARMA EQ 513 507 503 498 494
TATAMOTORS EQ 432 424 419 411 407
TATAPOWER EQ 80 79 78 77 76
TATASTEEL EQ 669 663 660 654 650
UNIONBANK EQ 130 127 125 123 121
 TOP 15 ACHIEVERS // TOP 15 LOOSERS

SR.NO SCRIPT NAME PREV CMP % CHANGE PREV

SR.NO SCRIPT NAME CMP % CHANGE
CLOSE CLOSE

1 GAIL 398.80 435.10 +9.10 1 BOSCH LTD 21495 20459 -4.82

2 BHARTI INFRATEL 376.40 409.05 +8.67 2 HINDUNILVR 1217 1179 -3.09
3 COALINDIA 260.40 270.25 +3.78 3 L AND T 1162.90 1130.65 -2.77
4 BAJAJ AUTO 3044 2158 +3.74 4 STATE BANK OF 258.25 251.15 -2.75
INDIA
5 TECH MAHINDRA 447.35 461.35 +3.13 5 ASIAN PAINT 1174 1145 -2.45
6 AMBUJACEMENT 261.30 268.40 +2.72 6 RELIANCE 820 800 -2.45
7 HIND PETROL 415.60 424.85 +2.23 7 YES BANK 360.75 262.40 -2.31
8 M AND M 1247 1271 +1.99 8 ICICI BANK 282.75 276.25 -2.30
9 HINDALCO 234.60 238.75 +1.77 9 WIPRO 290.25 284 -2.15
10 TATA MOTOR 411.25 416.45 +1.26 10 ADANI PORTS 390.55 382.30 -2.11
11 LUPIN 1006 1016.90 +1.08 11 POWER GRID 210.75 207.40 -1.59
12 HDFC 1741.25 1759.80 +1.07 12 TCS 2474.65 2442.25 -1.31
13 HDFC BANK 1792.30 1810 +0.99 13 SUN PHARAM 507.60 503.15 -0.88
14 NTPC 166.95 168.55 +0.96 14 ULTRACEMCO 3914 3890 -0.62
15 CIPLA 579 583.70 +0.81 15 ITC LTD 262.45 261.05 -0.53
NEXT WEEK STARS( AS PER TECHNICAL ANALYSIS )

NSE FUTURE
NSE FUTURE :SELL ORIENT BANK FUTURE BELOW 120 TGT 117 SL 121

NSE FUTURE :BUY ICICI BANK FUTURE ABOVE 284 TGT 290 SL 281.50

NSE FUTURE : BUY ACC FUTURE ABOVE 1700 TGT 1750 SL 1684

NSE CASH
NSE CASH : BUY JBCHEM CASH ABOVE 280 TGT 295 SL 270

NSE CASH : BUY INDIACEM CASH ABOVE 175 TGT 183 SL 170

NSE CASH : BUY BHEL CASH ABOVE 85 TGT 90 SL 82

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

TATA GLOBAL BEVERAGES - Tata global beverages informed that the companys
overseas subsidiary has formed a step-down subsidiary in Russia. In order to facilitate the
restructuring, the company's overseas subsidiary has formed a step-down subsidiary, Coffee
Trade LLC, in Russia which will take over part of the existing business said the company in a
BSE filing. Tata Global Beverages Limited is a beverage company engaged in the trading,
production and distribution of tea, coffee and water. The company's principal activities include
processing and blending of tea, including the manufacture of instant tea

MSR LIMITED - Msr limited announced on Tuesday that the company has received a
purchase order for the supply of 3,000 units 1 litre Dr Copper water bottle to D-Mart stores. It
was the second purchase order that the company received from D-Mart within the last 5 days.
MSR India is engaged in the business of dairy products trading with products including Daily
Fresh, Dr. Copper, Food Products , Energiam Powder and Dr. Copper Tharma Jal. The
company also manufactures copper bottles for drinking water in various shapes and sizes,
besides producing food products like pasta, vermicelli and others.

HINDUSTAN UNILEVER - Hindustan Unilever has ventured into the e-commerce space by
planning to sell Premium Tea through its own portal. This will be its stepping into the e-
commerce business in India. Until now, the company had been marketing its products online
via existing marketplaces such as Big Basket and Amazon. The set-up of the portal will
redefine its business line in India. HUL claims that its first direct-to-consumer setup aims at
gifting options. Under its umbrella, the company targets gifting with pricier products under the
Brooke Bond Taj Mahal brand. The brand will be competing with Teabox - a brand backed by
Ratan Tata. Sudhir Sitapati, the executive director of Refreshments Section at HUL said, The
foray into e-commerce has been aimed at urging people to consider tea as a gifting option. Our
range of gourmet teas and exquisite teaware has been specially curated to offer the finest
gifting experience for every occasion and budget. HULs refreshments business, comprising
of tea and coffee, accounts for 15% of its total sales.
The company has emerged as a leader in the 10,000 Crore Tea Market in India. In comparison
to other food and beverage segments, tea has not faced stagnation or decline and continues to
sustain annual growth of 8 to 9%. HUL aims to market premium brands only through its online
venture, and still refrain from entering into the mass end of the segment.

OIL - Oil prices jumped on Fridays trade with both Brent and US Crude set to attain another
weekly gain as investors believe that efforts to trim a global gut is working. US crude was up
2 cent at USD 51.58 a barrel at 0110 GMT. The contract is heading for a fourth consecutively
weekly gain and is on track for a 9% advance this month. Brent rose 22 cents to USD 57.63 a
barrel, heading for a fifth weekly climb and a 10% gain for September. The price gains, most
of them in the last two-and-a-half weeks, have come as traders anticipated renewed demand
from US refiners that were resuming operations after shutdowns due to Hurricane Harvey. The
oil prices are getting support as Turkeys threats to cut off a pipeline from the Kurdish region
of Iraq after a referendum where Kurds voted overwhelmingly in favour of independence. The
Kurdish region exports about 500,000 barrels a day through a pipeline that runs through
Turkey to the Mediterranean Sea.

GRASIM - is expected to sell off its fertiliser business Indo Gulf to Saudi Arabia-based
SABIC, for nearly Rs 3,200 crore, reported a leading news daily. SABIC has come out as the
highest bidder for the fertiliser business, thus engaging Grasim and the Saudi Arabian
company in advance talks, the report said. The company plans to exit the low-margin and
highly regulated business, whereas, Kumar Mangalam Birla is inclined towards aligning the
group portfolio to focus majorly on key sectors.

THE NATIONAL DAIRY PROJECT - The National Dairy Project aims to increase the
productivity of milch animals which will lead to increase in milk production for meeting
growing demand for milk, said Union Minister for Agriculture and Farmers Welfare, Radha
Mohan Singh. NDP initiatives are helping farmers to increase production by lowering dietary
costs, he noted. Singh said that the country has been the world's largest producer of milk for
the last two decades and its credit goes to the farmers of the country.
Since more than two-thirds of our nation's citizens live in rural areas, therefore, there is a need
to make the farmers more prosperous, for which dairy sector is important. Union Agriculture
Minister also informed that the NDDB has implemented several major dairy development
programs including 'Operation Flood' from its inception in the country. India is at number one
in milk production and contributes 19% of the world's total milk production.

GODREJ AGROVET - Subsidiary of Godrej Industries, is coming up with its Initial Public
Offer amounting to Rs Rs 300 crore through issue of fresh equity shares. The companys IPO
will open on October 4, 2017 and close on October 6, 2017. The price band decided by the
company is in consultation with the book running lead managers at Rs 450 to Rs 460. The
company, 63.67% owned by Godrej Industries, will issue fresh shares to raise another Rs 300
crore. V Sciences Pte Ltd., a subsidiary of Singapore governments investment fund Temasek
Holdings, will offload a third of its 19.99% holding. Kotak Mahindra Capital Company, Axis
Capital, Credit Suisse Securities and Karvy Computershare are the book running lead
managers for the proposed issue. The proceeds from the IPO will be used to repay its working
capital facilities of Rs 100 crore and to also repay commercial papers worth Rs 150 crore. The
rest be used for general corporate purposes. Godrej Agrovet is a diversified, research and
development focused agri-business company with operations across five business verticals:
animal feed, crop protection, oil palm, dairy, and poultry and processed foods.

INFOSYS - A global leader in consulting, technology and next-generation services,

announced that it has launched a private cloud solution in collaboration with Micro Focus
SUSE, a pioneer in open source software, providing software-defined data centre infrastructure
and application delivery solutions. This solution will help businesses significantly accelerate
their digital transformation journey by being hardware agnostic, enabling faster time to market
through rapid adoption, providing faster delivery of services, and greater infrastructure agility
and control . Infosys and Micro Focus SUSE have jointly invested in a centre of excellence to
develop validated reference architectures, accelerators and factory based migration solutions
which will help customers in rapid adoption of private cloud built on SUSE OpenStack.
This partnership aims at strengthening Infosys association with Micro Focus SUSE and
positions Infosys as a strategic Global Platinum partner, backed by over 500 architects and
consultants having data centre transformation and migration capabilities. SUSE OpenStack
Cloud is an automated cloud computing platform that enables organizations to innovate,
rapidly deploy and manage cloud architecture. With this association, Infosys will be able to
further strengthen its presence in Europe and generate new businesses and insights.

TCS - Diligenta, a Life and Pensions BPS provider in the UK, and a subsidiary of Tata
Consultancy Services on Wednesday announced that it has secured a 15-year partnership with
Scottish Widows, Lloyds Banking Group Life and Pensions business. Under the terms of the
agreement, Diligenta will support Scottish Widows to provide end to end policy administration
services for its 4 million heritage customers. Diligenta will provide Scottish Widows these
services based on TCS BaNCS, its digitally-enabled, end-to-end policy administration
platform, to manage its assets in life, pensions and investment products. Tata Consultancy
Services Limited is engaged in providing information technology services, digital and business
solutions. The company's segments include banking, finance and insurance services;
manufacturing; retail and consumer packaged goods ; telecom, media and entertainment, and
others.

MAHINDRA AND MAHINDRA - M & M took one step further in its strategy to expand
electric vehicle portfolio by launching e-rickshaw - e-Alpha Mini at a price of Rs 1.12 lakh.
Powered by a 120 mah battery, the five-seater e-Alpha Mini can travel 85 kms on a single
charge and can hit a top speed of 25 kmph. After NCR, the company plans to launch it in
Lucknow, Kolkata and other parts of India. The company already sells e-Verito and e20 Plus in
passenger vehicle space. The company is looking to grow its electric vehicle portfolio by
investing additional Rs 600 Cr. The company also hinted at the possibility of a makeover of
some of its existing models into electric vehicles. It is believed that given increasing concerns
over clean air, urban congestion and rising fuel import bills, electric mobility and electric
vehicles are the way forward.
IDBI - Public sector lender, IDBI Bank on Wednesday sold a 9.03% stake in the Small
Industries Development Bank of India for an undisclosed amount, the bank reported in a stock
exchange filing. IDBI Bank sold approximately 48 million shares of SIDBI, bringing down its
shareholding to 3.68% from 12.71%. Earlier on Monday, IDBI Bank had sold a 1% stake in
SIDBI, also for an undisclosed amount. The bank had mandated SBI Capital Markets to look
for buyers for its entire 16.25% stake in the financial institution. Out of the total stake put for
sale, Life Insurance Corp. of India bought 2% while Vijaya Bank picked 0.5%. SIDBI is the
principal financial Institution for the promotion, financing and development of the micro,
small and medium enterprise sector. At the inception, IDBI Bank held a 100% stake in SIDBI.
In 2000, the lender sold 51% to state-owned banks and financial institutions.

GADKARI TO LAY FOUNDATION STONE FOR RS 2,539.08 CRORE NH PROJECTS

- The Minister of Road Transport and Highways Nitin Gadkari will inaugurate National
Highways projects worth Rs 1,928.46 crore and lay the foundation stone for projects worth Rs
2,539.08 crore in Andhra Pradesh on October 3, 2017, said a government release.
Approximately 415 km of National Highways would be inaugurated by Gadkari, while he will
lay the foundation for another 250 km NH. The projects include rehabilitation
and upgradation of existing National Highways, besides construction of a 4-lane bypass to
Vijayanagaram Town on NH 43. As per a MoU signed with the government of Andhra Pradesh
on April 14, 2016, NW-4 in Andhra Pradesh is proposed to be developed in three phases. The
project will provide an efficient logistics solution to boost the economic growth of the region
and facilitate the development of the capital city Amravati during its early development stage
as the substantial construction material is expected to be transported on this stretch of NW-4.

PETRON ENGINEERING CONSTRUCTION - received an order worth Rs 280 crore

from JSW Steel. With this development, the stock of Petron Engineering will be in focus on
Wednesdays trading session. The company has received Purchase Order from M/s. JSW Steel
Limited, for Supply, Fabrication, Erection & Alignment of Prefabricated Steel Structure for
Blast Furnace#2 and Raw material handling system Conveyor Gallery and Junction House at
Dolvi, Maharashtra. Petron Engineering Construction Limited is engaged in the business of
engineering, procurement and construction of plants for oil and gas refineries, power, cement,
petrochemical, fertilizer and other industries. The company also provides electrical and
instrumentation services and insulation and refractory application/maintenance services.
LARSEN & TOUBROS - construction arm has won orders worth Rs 2170 crore across
various business segments. In water and effluent treatment business, in a joint venture has
bagged orders worth Rs 1547 crore for a major reservoir which involves the formation of an
earth bund of length 4.3km with a height of 55m at its maximum with all associated works. On
its power transmission and distribution business it has bagged orders worth Rs 623 crore. A
major order has been secured from Power Grid Corporation of India for the supply and
execution of 320kV Pugalur-Trichur HVDC line. This transmission line is a crucial element of
the Pugalur Trichur 2x1000MW VSC based HVDC link between western and southern regions
in India. A turnkey order has been bagged from Eastern Power Distribution Company of A.P.
Ltd for providing underground wire cable work in Visakhapatnam city in Andhra Pradesh.
Overseas, an order has been secured by business together with its consortium partners, from
the Electricity Generating Authority of Thailand for the supply and construction of a 500 KV
transmission line.

GODREJ - Properties has added a new residential project in Bangalore. It has entered into a
Development Management Agreement with Manyata Developers Pvt Ltd to develop a group of
housing project in East Bangalore. The first phase of the project is spread over 16 acres and
will offer approximately 1,25,000 square metres of saleable area. The total project is expected
to offer approximately 4,37,000 square metres spread over 53 acres. The project will be
developed as a modern residential development comprising of apartments of various
configurations. The companys management is happy about adding this project which suits
with its strategy of deepening presence across the countrys leading real estate markets. Godrej
Properties is engaged in construction and real estate development. The company focuses on
developing residential, commercial and township projects spread across approximately 11.89
million square meters in over 10 cities.

ASHIANA HOUSING HAS ENTERED INTO A MEMORANDUM OF

UNDERSTANDING WITH A PUNE - based developer for development of Group Housing
Project on 19 acres of land parcel situated near Hinjewadi, District Pune, Maharashtra on
revenue sharing basis. The expected saleable area would be 12.5 lakh sq. ft. to 15 lakhs sq. ft.
Ashiana Housing Limited is engaged in real estate activities with own or leased property. The
company operates through the Real Estate Business segment. The Companys projects include
comfort homes project, senior living project, care homes project and retail project.
NTPC - to declare commercial operation of Unit 1 of FGU Thermal Power Station - NTPCs
500 MW Unit1 of Feroze Gandhi Uchahar Thermal Power Station, Stage IV will be declared
on commercial operation w.e.f 00:00 Hrs of 30.09.2017. NTPC is a PSU and one of the largest
power companies in India. It contributed 16% of national installed capacity and generated 24%
of the countrys output in FY17. Its coal stations achieved 78.59% PLF in FY17. With
commercial operation of 500 MW Unit1 of Feroze Gandhi Uchahar Thermal Power Station,
the commercial capacity of NTPC would become 43392 MW and that of NTPC group would
become 50608 MW.The Company has been consistently maintaining the spread of 15%-16%
in terms of PLF over the last 2 decades on All-India level - further widened to 19% in FY16-
17.

GAIL - Became the most active security in terms of value in the closing hours on Friday. The
stock recorded a traded quantity of 1,33,03,528 shares and a traded value of Rs 56,283.24 lakh
on NSE on Friday. The stock was trading high by nearly 6% high at Rs 419.65 per share at
1455 hours on BSE on Friday. The stock hit an intraday high of Rs 429 per share and an
intraday low of Rs 417.15 per share on BSE during Fridays trade. The stock had hit its 52-
week high of Rs 433.70 per share on May 3, 2017 and its 52-week low of Rs 268.32 on
September 29, 2016 on BSE. Meanwhile, Nifty was trading higher by 44 points to 9,811 level
while Sensex was trading higher by 98.36 points at 31,380.84 level. India VIX was lower by
7.02% at 12.24 level. The stock had gained on Friday as Petroleum and Natural Gas
Regulatory Board (PNGRB) has put up a public consultation paper on proposed unified
pipeline tariff.

IDEA-VODA MERGER ON TRACK FOR COMPLETION - The merger of Vodafone

India and Idea Cellular is on track and is expected to be completed in the calender year 2018,
reported a national news agency quoting Vodafone India MD and CEO, Sunil Sood. He was
speaking on the sidelines of India Mobile Congress in New Delhi on Wednesday. Stating that
the merger process goes through various stages, including approvals from the CCI, SEBI,
NCLT and telecom department, Sood said, "We feel all of them are on track and in fact, we are
going ahead of schedule". Earlier this year, Vodafone India and Idea Cellular had agreed to
merge their operations to create the country's largest telecom operator worth of more than USD
23 billion with a 35% market share.
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