Building Wealth Over Generations

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A Legacy of Wealth Building Plan.

Monday05th July, 2021

CONTENTS

Top of the Morning TOP PICKS

COMPASS & NAVIGATOR

Title Page No.

Top of the Morning 04-08

Top Picks 09-10

Equity Derivatives 11

Daily Pivot Table (Equities) 12

Compass & Navigator 13-15

Daily Pivot Table (Commodities) 16

Disclaimer 17

Top of the Morning

Transform your Investments. Elevate your life.

ICISL Invest “Top of the Morning”

ICISL Invest “Top of the Morning” newsletter provides insights and themes for Indian equity markets. We also try and cover international themes for the day. This newsletter is quite popular with traders as it covers the most preferred trading strategy for Sensex/Nifty for the day.

In Chart of the day section, we recommend a stock which is likely to move significantly in the short term, clearly defining the supports, the resistances and bias for the stock.

In a nutshell, ICISL Invest “Top of the Morning” covers themes and insights for the day.

www.icisinvest.comTransform your Investments. Elevate your life.

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


Good Morning & Welcome to Monday’s trading action at Dalal Street

dated 5th of July 2021.

Outlook for Monday: Buy something! We like Tata Motors

and Jubilant Foods.

Our call of the day suggests that the bulls camp are likely to be in a cheerful

mood as the benchmark Nifty will aim to capitalize on the optimistic structure on

backdrop of the better-than-expected U.S June Jobs Report.

The U.S. economy added back jobs for a sixth straight month in June, with job

growth picking up speed alongside the reopening economy. 850,000 jobs were

added in June vs. 720,000 expected. Unemployment Rate was seen at 5.9% vs.

5.6% expected. The street now believes that the Federal Reserve won't be hiking

interest rates anytime soon as the U.S economy added more jobs than expected

in June and hourly wage increases were below forecasts.

Technically speaking, Nifty is likely to take over the positive baton from a strong

close at Dalal Street in Friday’s trade. Extension of upside quite likely with

immediate targets at Nifty’s all-time-high at 15917 mark and then all bullish eyes

will be glued to Nifty’s psychological 16,000 mark. Near term support zone also

shifts higher to 15635-15650 zone.

Also helping sentiments would be the fact that all three major Wall Street indices

ended at records in Friday’s trade. The Dow, S&P 500 and Nasdaq all climbed in

the week gone by as the Dow rose 1%, while the S&P 500 gained 1.7% and the

Nasdaq climbed 1.9%.

Our chart of the day is bullish on stocks that are likely to soar relentlessly:

Balkrishna industries, Tata Motors, Siemens and Jubilant Foods look attractive on

the buy side.

• Preferred trade on Nifty (15722): Buy at CMP. Targets at 15927/16001

and then at 16251 mark with strict stop at 15497.

• Preferred trade on Bank Nifty (34810): Buy at CMP. Targets at 35811

and then aggressive targets at 37709 mark with stop at 34251.

• BULLISH STOCKS: BALKRISHNA INDUSTRIES, SIEMENS, MPHASIS,

MINDTREE, COFORGE, MC DOWELL, TATACHEM, MANAPPURAM, PIIND,

GRANULES, RELIANCE, SBIN, DEEPAKNTR.

• BEARISH STOCKS: MGL, PVR, PFC, JINDASTEL, BRITANNIA,

BAJAJFINSV, ADANIENT.

• SHOW ME THE MONEY: Momentum Call: Buy JUBILANT FOODS JULY

Futures for 0-3 days at CMP 3146 for an objective of 3307. Stop 3071. Alert:

OVERSOLD ZONE.

Nifty finally seen charging out to higher range. The positive catalysts:

1. The reopening of the economy

15722 0.27%

34810 0.36%

10686 -0.03%

36217 -0.05%

4338 0.25%

29008 0.02%

1805 0.58%

7439 -0.01%

5130 -1.49%

14530 0.60%

345 0.53%

9903 1.07%

52485 0.32%

15818 0.46%

Positive session likely

Positive (15675-15907)

Positive (15101-16000)

Positive (13501-17001)

15459/15231

15839/15927

15211

Technical Strategy



2. Decline in COVID cases and a pick-up in vaccination drive

3. Low interest rates environment.

4. Expected upbeat results from corporate India Inc.

5. IMD’s forecasts of a normal monsoon rainfall 'over the country as a whole'

in July.

The U.S. bond and the U.S. stock markets will remain closed on Monday in

observance of Independence Day, the Fourth of July holiday that fell on a Sunday

this year.

Now, here are other key things to know before today’s market opens:

• Technically speaking, only a clear breakout over 15917 for the Nifty would

be bullish as benchmark with immediate targets at the magical 16000

mark. Nifty’s make-or-break long-term supports are placed at 15451 mark.

If Nifty slips below the 15459 mark then it’s safe to assume that rising

inflation risks are spoiling the party at Dalal Street.

Please note, Nifty’s 200DMA at 13979 mark. The price action for Nifty for

this week’s trade is suggesting that we are likely to see a 15,500- 16200

range in near term.

• The slight optimism for our stock markets is also on backdrop of the fact

that the volatility index has dropped lower to 15.07. Well, a lower VIX level

is seen bullish for stocks.

• The options data for July series suggests Nifty is likely to be in a higher

trading range of 15500-16200 as maximum Call OI is at 16000 followed by

16500 strike price. Maximum Put open interest stands at 15500 levels

followed by 15000 levels. Call writing was seen at 16100 and then at 16200

strike price, while there was meaningful Put writing at 15000 and then at

15200 strike prices.

• Crude oil prices were up 1.82% in the week gone by as have ended at

$75.04 a barrel. During last week they hit highs at $76.22 a barrel. Oil

prices have surged on a report that Saudi Arabia and Russia have a

tentative deal to gradually increase OPEC+ output in the coming months.

Honestly speaking, oil prices are a perfect way to play higher inflation on

backdrop of demand is seen rising and supply is restrained, setting up a

prolonged period of strength in the oil prices.

• The 10-year Treasury note yield was at 1.434%, bringing it to its lowest rate

since March 2.

• TCS will officially set afire the ceremonial starters pistol for Q1 earnings on

8th July 2021.

Tata Motors Ltd. was incorporated in the year 1945 and commands a market

cap of Rs 120,658 Crore. Tata Motors is India's leading automobile

manufacturer —— largest commercial vehicle company and fourth-largest

passenger vehicles player and also has presence in defence vehicles. Tata

Motors is one of India's largest OEMs offering an extensive range of integrated,

smart and e-mobility solutions.

The firm is a part of the USD113 billion Tata group having operations in the UK,

Spain, South Korea, Thailand, South Africa and Indonesia through a strong

global network of 76 subsidiary and the key amongst them are Jaguar Land

Rover, the business comprising two iconic British brands – Jaguar and Land

Rover and then Tata Daewoo in South Korea. Tata Motors acquired Jaguar Land

Rover (JLR) in 2008.

Promoters held 46.4 per cent stake in the company as of March 31, 2021, while

FIIs held 13.8 per cent, DIIs 12.1 per cent and public and others 27.8 per cent.

The positive triggers:

• Jaguar holds the key to re-rating. Tata Motors expects JLR volume to grow

>20% and the EBIT margin ~4% for FY22E. The sales of Jaguar have

picked up in China and Europe. Any positive surprise on jaguar sales from

Europe could strengthen the case of re-rating.

• Strong momentum being witnessed in “New Forever” portfolio and focused

initiatives across value chain. Commercial Vehicle segment witnessing

higher demand from infrastructure, housing, mining and e-commerce

space.

• The long-term outlook remains positive on backdrop of a robust order

pipeline

• Amidst this backdrop, TML seen posting solid operational performance with

strong demand, increase in production activities and better product mix

backed with cost efficiencies initiatives.

• In FY21, passenger vehicles business posted highest growth in 8 years and

Nexon and Harrier witnessed their highest sales since launch. Nexon is

among the top three highest selling compact SUVs in India —— the last

50,000 units have been rolled out in less than six months

• Tata Motors plans to have zero debt by 2024. The street likely to be

surprised positively amidst reduction in capex, better profitability,

improving working capital and selling some of the non-core assets. Balance

sheet improvement quite likely. Lower automotive debt was seen recent Q4

by INR14bn QoQ to INR40.9bn.

• Tata Motors is evaluating opportunities to raise capital from potential

strategic partners or investors, including private equity funds and sovereign

wealth funds, for its electric vehicle (EV) business as the automaker works

towards building a range of affordable electric cars.

Key risk:

• Prices of some key raw materials have increased sharply in last few weeks.

Either the company will have to absorb that hike or will have to pass it

consumers. In first case, margins would be at risk, in second case sales

might get impacted.

• Brexit, Trade Wars.

Technically, brace yourselves for a major breakout play on the daily charts with

recent sequence of higher high intact on the weekly/monthly charts. An impulse

uptrend is seen forming on the weekly time scale, with positive SAR series, as

the price pattern has just been confirmed on its close above the Mar 2021

closing highs at 323 mark.

Add to that a bullish divergence and a rising stochastic signal (on weekly charts)

with recent increase in volumes signaling a larger rebound. The 200 days

Exponential Moving Average (EMA) of the stock on the daily chart is currently at

260 zone.

Simply buy at CMP, and on dips between 307-312.50 zone, targeting

363/3783 mark and then at psychological 400 mark. Holding Period:

3 Months+.

TATA MOTORS 344

Action BUY

Target 401

Support 326/307

Resistance 361/421

Holding Period 60-90 days



FII/DII & OPTIONS DATA:

• The Put-Call Open Interest Ratio was at 1.28 for Nifty.

• As per Friday’s Provisional Data available on the NSE, FIIs sold shares worth Rs. 982.80 crores in the Indian Equity Market.

DIIs on the other hand bought shares worth Rs. 930.39 crores in the Indian Equity market.

• Stock banned in F&O segment: NATIONALUM, PNB.

ECONOMIC CUES:

The key economic events to trickle in this week for our country:

Monday, 5th July: Nikkei Services PMI (Jun).

• The U.S. economy added back jobs for a sixth straight month in June, with job growth picking up speed alongside the

reopening economy. The latest monthly update on the labor market showed that 850,000 new jobs were created in June vs.

720,000 expected and an upwardly revised 583,000 in May. Unemployment Rate was seen at 5.9% vs. 5.6% expected and

5.8% in May. Also, U.S. Treasury yields fell across the board Friday, with the 10-year hitting its lowest level since early March.

The 10-year Treasury note yield was at 1.434%, bringing it to its lowest rate since March 2.

GLOBAL STOCK MARKETS:

US stocks traded higher Friday as all three major stock market indexes closed at records Friday after the U.S. economy added more

jobs than expected in June and hourly wage increases were below forecasts, giving rise to the belief the Federal Reserve won't be

hiking interest rates anytime soon.

The Dow Jones Industrial Average finished up 152 points, or 0.44%, to 34,786, the S&P 500 gained 0.75% and the Nasdaq closed up

0.81%. The S&P 500 and Nasdaq also set intraday all-time highs on Friday.

The S&P 500 has risen for seven straight sessions.

In last week’s trade, the Dow Jones ended up by 1.02% at 34786.35, S&P 500 too finished near record highs, up 1.67% at 4352.34

and Nasdaq also finished near record highs, up 1.94% at 14639.30.

IPOs and Listing:

Clean Science and Technology and GR Infraprojects will launch their initial public offering (IPO) on July 7.

Clean Science and Technology's price band for the issue, which will close on July 9, has been fixed at Rs 880-900 per share.

The company plans to raise Rs 1,546.62 crore through the public issue which consists of a complete offer for sale by existing selling

shareholders including promoters Ashok Ramnarayan Boob, Krishnakumar Ramnarayan Boob, Siddhartha Ashok Sikchi, and Parth

Ashok Maheshwari.

GR Infraprojects' Rs 963-crore public issue will also open for subscription on July 7, at a price band of Rs 828-837 per share. The offer

will close on July 9.

The IPO of 1,15,08,704 equity shares comprises a complete offer for sale by existing selling shareholders including promoter.

The recently concluded IPO of India Pesticides will commence trading on the exchanges with effect from July 5.

It had been subscribed 29.04 times. Investors had bid for 56.07 crore equity shares against the IPO size of 1.93 crore shares.



What Technical Tells Us on Nifty/Sensex:

In Friday’s trade, the benchmarks ended the week on a positive note after 4 straight negative sessions.

The benchmarks finally posted gains on last trading of the week with Nifty finishing 0.27% higher at 15722 while Sensex gained

0.32% at 52485. Sectorally, the Nifty Pharma index was the top gainer, up 0.6 per cent, followed by the Nifty Bank index, up 0.4%.

Conversely, the Nifty Metal index was the top sectoral loser on the NSE, down 1.5%.

The overall market breadth also remained in favour of the bulls in Friday’s trade.

The other key highlights of Friday’s trade:

• Nifty ended above psychological 15700 mark.

• 28 stocks of the Nifty 50 stocks ended the day in green.

• Top Index Gainers: DIVISLABS (+2.04%), RELIANCE (+1.60%), ICICIBANK (+1.49%)

• Top Index Losers: TATASTEEL (-2.20%), JSWSTEEL (-1.24%), BRITANNIA (-1.22%)

• Nifty Bank index ended at 34810, down +0.36% thus slightly outperforming benchmark Nifty.

Daily chart of Nifty:

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

ICISL Invest Top Picks: It's like having Investment binoculars!!

When we want to see what's happening far off, we will reach for the binoculars. The binocular helps us to steer out of danger and also accurately spots our targets.

When it comes to trading / investing, that's exactly how ICISL Invest Top Picks helps us to identify the best five momentum stocks for the week. This daily newsletter introduces to the momentum stocks from the list of Future & Option segment, defining their support and resistance levels, and attempts to forecast their movement with a short /medium term perspective.


Markets are very logical and whoever can reason most logically and profoundly in this setupwill ought to win.

Markets are very logical and whoever can reason most logically and profoundly in this setupwill ought to win.

R2STOCKS LTP S1 S2 R1 TRADING STRATEGYBIAS

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


BALKRISHNA INDUSTRIES is signaling a massive breakout from a probable Flag Pattern on the monthly charts. Key intraday support seen at 2257. Interweek Strategy: Buy between 222275-2285 zone, targeting 2323 mark and then aggressive intermonth targets seen at 2401. Stop below 2237.

JUBILANT FOODS was seen rebounding in Friday's trade, up 1.05%. Momentum oscillators are signaling strength. Key interweek support seen at 2257. Interweek Strategy: Buy at CMP, targeting 3137/3189 mark and then at 3301-3333 zone. Stop below 3059.

Momentum oscillators continue to signal major strength. Interweek Strategy: Buy between 2541-2555 zone, targeting 2633/2663 and then at 2701-2751 zone with stop below 2497.

The interweek/intermonth risk is on the upside with immediate targets at 2098. Confirmation of strength above 2098. Intermonth Strategy: Buy at CMP, targeting 2098/2189 and then at 2301-2351 zone with stop below 1957.

Momentum oscillators in buy mode. Key interweek support at 321. Intermonth Strategy: Buy at CMP, targeting 361/377 mark and then at 401-407 zone with stop below 317.

Balkrishna Industries: The technicals are aggressively bullish. We also like Jubilant Foods and Tata Motors.

BALKRISHNA INDUSTRIES

JUBILANT FOODS

MINDTREE

SIEMENS

TATA MOTORS

2299 2257 2219 2323 2401 Positive

3146 3070 3021 3137 3333 Positive

2583 2541 2427 2633 2701 Positive

2020 1960 1887 2098 2189 Positive

345 333 321 361 407 Positive

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

Nifty Spot

Bank Nifty Future

VIX

Premium

Nifty Future OI

Bank Nifty Spot 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)


EQUITY DERIVATIVESLooking into the future from present.

Future Call: BUY PIIND JULY FUTURES at CMP 3035. Targets at

3111 and then at 3185. Stop: 2965. Holding Period: Intraday.

Analyst’s Remark: Momentum Play (PIIND JULY Futures CMP 3035)

Option Call: SELL NIFTY 08th JULY CE Strike Price 15600 at CMP

164.95. Maximum Profit: Rs. 12,371.25/-. Loss: Unlimited. Stop:

Exit Call Option if NIFTY moves above 15856. (NIFTY JULY Futures

CMP 15747.20).

15722.20 (+0.27%)

34809.90 (+0.36%)

12.09 (-5.84%)

+25 vs +47

0.93 crores (-3.90%)

20.84 lakhs (-1.37%)

5092.97 4462.15

59,964.21 53,106.32

25,93,200.00 84,09,745

2,40,165 19,982

5,64,895 45,588

2,44,72,655 24,03,441.36

15,09,263 1,24,188.07

2,67,86,978 25,93,200.00

Calls in lakhs (% Change)

15900 26.78 (+55%)

16000 31.88 (+42%)

16300 26.27 (+126%)

Puts in lakhs (% Change)

14700 2.91 (+59%)

15000 27.66 (+51%)

15600 27.2 (+80%)


Market Summary:

• Nifty July Futures ended Friday’s session at a premium of +25 vs

premium of +47.

• The 08th July expiry Put-Call Open Interest Ratio was at 0.88 for

Nifty whereas it was 0.41 for Bank Nifty.

• The 08th July expiry Put-Call Volume Ratio was at 0.97 for the Nifty

and 0.20 for Bank Nifty.

• For Nifty, Maximum Call Open Interest (OI) stands at 15800 Strike

Price, followed by 16000 Strike Price for 08th July Series. Short

buildup was seen at strike prices 15900-16200.

• Maximum Put Open Interest (OI) was seen at strike price 15000

followed by 15700 strike prices for 08th July series. Short buildup

was seen at strike prices 15300-15800.

• For Bank Nifty, Maximum Call Open Interest (OI) stands at 35500

Strike Price and Maximum Put Open Interest stands at 34500 Strike

Price.

• As per Friday’s Provisional Data available on the NSE, FIIs sold

shares worth Rs. 982.80 crores in the Indian Equity Market. DIIs on

the other hand bought shares worth Rs. 930.39 crores in the Indian

Equity market.

• Long Buildup: TATACHEM, MANAPPURAM, PIIND, GRANULES.

• Short Buildup: JINDASTEL, BRITANNIA, BAJAJFINSV, ADANIENT.

• Short Covering: RELIANCE, SBIN, DEEPAKNTR, AUBANK.

• Long Unwinding: TVSMOTOR, COFORGE, COLPAL, MARICO.

• Stocks banned in F&O segment: NATIONALUM, PNB.

• New in Ban: PNB.

• Out of Ban: NIL.


DAILY PIVOT TABLE

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.

Instrument Close S1 S2 R1 R2 200 Day SMA Reversal Point Trend


NIFTY 15722.2 15564.98 15409.33 15879.42 16036.64 13978.27 15472.01 UP

BANKNIFTY 34809.9 34461.80 34117.18 35158.00 35506.10 31086.76 33938.36 UP

AARTIIND 874.3 865.56 856.90 883.04 891.79 649.93 835.76 UP

ABBOTINDIA 16764.65 16597.00 16431.03 16932.30 17099.94 15483.32 15735.45 UP

ACC 1987.25 1967.38 1947.70 2007.12 2027.00 1752.29 1930.64 UP

ADANIENT 1422.05 1407.83 1393.75 1436.27 1450.49 783.35 1637.99 DOWN

ADANIPORTS 710.4 703.30 696.26 717.50 724.61 576.87 788.98 DOWN

ALKEM 3194.5 3162.56 3130.93 3226.45 3258.39 2866.78 2984.28 UP

AMARAJABAT 746.55 739.08 731.69 754.02 761.48 840.93 778.11 DOWN

AMBUJACEM 339.25 335.86 332.50 342.64 346.04 277.93 323.49 UP

APLLTD 985 975.15 965.40 994.85 1004.70 977.61 925.66 UP

APOLLOHOSP 3733.2 3695.87 3658.91 3770.53 3807.86 2711.29 3364.46 UP

APOLLOTYRE 227.45 225.18 222.92 229.72 232.00 196.65 218.73 UP

ASHOKLEY 122.45 121.23 120.01 123.67 124.90 107.15 129.42 DOWN

ASIANPAINT 3005 2974.95 2945.20 3035.05 3065.10 2490.03 2892.02 UP

AUBANK 1038.85 1028.46 1018.18 1049.24 1059.63 954.27 963.8 UP

AUROPHARMA 994.2 984.26 974.42 1004.14 1014.08 899.15 1031.31 DOWN

AXISBANK 750.65 743.14 735.71 758.16 765.66 647.03 714.85 UP

BAJAJ-AUTO 4175.35 4133.60 4092.26 4217.10 4258.86 3599.94 4043.47 UP

BAJAJFINSV 11750.45 11632.95 11516.62 11867.95 11985.46 9141.48 11620.51 UP

BAJFINANCE 5997.75 5937.77 5878.39 6057.73 6117.71 4896.61 5678.3 UP

BALKRISIND 2298.85 2275.86 2253.10 2321.84 2344.83 1703.07 2166.06 UP

BANDHANBNK 321.65 318.43 315.25 324.87 328.08 335.63 313.66 UP

BANKBARODA 85.2 84.35 83.50 86.05 86.90 66.38 77 UP

BATAINDIA 1589.15 1573.26 1557.53 1605.04 1620.93 1473.86 1547.05 UP

BEL 180.65 178.84 177.06 182.46 184.26 125.75 162.75 UP

BERGEPAINT 806.9 798.83 790.84 814.97 823.04 713.96 778.59 UP

BHARATFORG 771.9 764.18 756.54 779.62 787.34 583.14 721.89 UP

BHARTIARTL 525 519.75 514.55 530.25 535.50 516.12 552.59 DOWN

BHEL 65.85 65.19 64.54 66.51 67.17 44.9 73.1 DOWN

BIOCON 408.05 403.97 399.93 412.13 416.21 417.23 391.42 UP

BOSCHLTD 15357.75 15204.17 15052.13 15511.33 15664.91 13970.67 14918.2 UP

BPCL 462.75 458.12 453.54 467.38 472.01 413.47 462.21 UP

BRITANNIA 3545.3 3509.85 3474.75 3580.75 3616.21 3573.68 3501.81 UP

CADILAHC 639.35 632.96 626.63 645.74 652.14 490.7 611.21 UP

CANBK 153.75 152.21 150.69 155.29 156.83 130.46 146.73 UP

CHOLAFIN 510.1 505.00 499.95 515.20 520.30 437.35 546.2 DOWN

CIPLA 979.2 969.41 959.71 988.99 998.78 832.98 933.33 UP

COALINDIA 147.65 146.17 144.71 149.13 150.60 134.59 155.92 DOWN

COFORGE 4196.95 4154.98 4113.43 4238.92 4280.89 2806.35 3831.53 UP

COLPAL 1689.55 1672.65 1655.93 1706.45 1723.34 1560.11 1634.18 UP

CONCOR 679.6 672.80 666.08 686.40 693.19 502.36 653.7 UP

CUB 164.25 162.61 160.98 165.89 167.54 166.91 178.29 DOWN

CUMMINSIND 881.35 872.54 863.81 890.16 898.98 685.31 819.02 UP

DABUR 590.45 584.55 578.70 596.35 602.26 528.92 554.04 UP

DEEPAKNTR 1927.6 1908.32 1889.24 1946.88 1966.15 1243.53 1757.69 UP

DIVISLAB 4519.65 4474.45 4429.71 4564.85 4610.04 3656.22 4255.71 UP

DLF 283.85 281.01 278.20 286.69 289.53 244.2 309.02 DOWN

DRREDDY 5575.7 5519.94 5464.74 5631.46 5687.21 4971.27 5302.35 UP

EICHERMOT 2661 2634.39 2608.05 2687.61 2714.22 2522 2594.07 UP

ESCORTS 1202.95 1190.92 1179.01 1214.98 1227.01 1269.16 1231.14 DOWN

EXIDEIND 182.45 180.63 178.82 184.27 186.10 184.3 190.6 DOWN

FEDERALBNK 85.3 84.45 83.60 86.15 87.01 71.88 82.11 UP

FINNIFTY 16438.3 16273.92 16111.18 16602.68 16767.07 14830.81 16130.82 UP

GAIL 151.3 149.79 148.29 152.81 154.33 126.23 162.78 DOWN

GLENMARK 662.7 656.07 649.51 669.33 675.95 522.88 614.25 UP

GMRINFRA 32.6 32.27 31.95 32.93 33.25 25.68 26.62 UP

GODREJCP 891.25 882.34 873.51 900.16 909.08 741.62 857.2 UP

GODREJPROP 1388.4 1374.52 1360.77 1402.28 1416.17 1263.92 1323.21 UP

GRANULES 340.6 337.19 333.82 344.01 347.41 351.74 314.35 UP

GRASIM 1489.75 1474.85 1460.10 1504.65 1519.55 1128.16 1421.76 UP

GUJGASLTD 665.1 658.45 651.86 671.75 678.40 438.34 589.85 UP

HAVELLS 985.55 975.69 965.94 995.41 1005.26 945.42 1042.45 DOWN

HCLTECH 984.65 974.80 965.06 994.50 1004.34 919.51 949.93 UP

HDFC 2475.7 2450.94 2426.43 2500.46 2525.21 2392.06 2447.5 UP

HDFCAMC 2875.6 2846.84 2818.38 2904.36 2933.11 2771.28 3054.97 DOWN

HDFCBANK 1480.4 1465.60 1450.94 1495.20 1510.01 1405.56 1442.48 UP

HDFCLIFE 687.5 680.63 673.82 694.38 701.25 662.31 727.93 DOWN

HEROMOTOCO 2919.85 2890.65 2861.74 2949.05 2978.25 3094.69 2877.09 UP

HINDALCO 376.05 372.29 368.57 379.81 383.57 285.09 400.67 DOWN

HINDPETRO 297.95 294.97 292.02 300.93 303.91 230.45 281.55 UP

HINDUNILVR 2487.3 2462.43 2437.80 2512.17 2537.05 2278.44 2371.66 UP

IBULHSGFIN 260 257.40 254.83 262.60 265.20 201.47 246.74 UP

ICICIBANK 640.25 633.85 627.51 646.65 653.06 542.06 610.71 UP

ICICIGI 1553.45 1537.92 1522.54 1568.98 1584.52 1420.88 1456.61 UP

ICICIPRULI 619.4 613.21 607.07 625.59 631.79 485.54 571.9 UP

IDEA 8.8 8.71 8.62 8.89 8.98 9.92 10.9 DOWN

IDFCFIRSTB 54 53.46 52.93 54.54 55.08 47.02 59.08 DOWN

IGL 563.65 558.01 552.43 569.29 574.92 490.19 514.89 UP

INDIGO 1719.95 1702.75 1685.72 1737.15 1754.35 1599.84 1647.07 UP

INDUSINDBK 1009.65 999.55 989.56 1019.75 1029.84 882.09 945.04 UP

INDUSTOWER 234.55 232.20 229.88 236.90 239.24 232.81 255.55 DOWN

INFY 1567.8 1552.12 1536.60 1583.48 1599.16 1267.92 1495.24 UP

IOC 108.45 107.37 106.29 109.53 110.62 93.55 115.36 DOWN

IRCTC 2060.55 2039.94 2019.55 2081.16 2101.76 1618.78 1980.68 UP

ITC 202.4 200.38 198.37 204.42 206.45 200.81 209.53 DOWN

JINDALSTEL 388.15 384.27 380.43 392.03 395.91 308.79 429.32 DOWN

JSWSTEEL 671.3 664.59 657.94 678.01 684.73 462.09 727.18 DOWN

JUBLFOOD 3145.75 3114.29 3083.15 3177.21 3208.67 2742.15 2993.85 UP

KOTAKBANK 1715.15 1698.00 1681.02 1732.30 1749.45 1748.46 1810.99 DOWN

L&TFH 92.35 91.43 90.51 93.27 94.20 84.6 88.36 UP

LALPATHLAB 3337.45 3304.08 3271.03 3370.82 3404.20 2482.83 3032.56 UP

LICHSGFIN 465.8 461.14 456.53 470.46 475.12 392.28 500.43 DOWN

LT 1485.65 1470.79 1456.09 1500.51 1515.36 1284.23 1546.13 DOWN

LTI 4042.85 4002.42 3962.40 4083.28 4123.71 3629.9 3884.59 UP

LTTS 2877.2 2848.43 2819.94 2905.97 2934.74 2318.99 2686.33 UP

LUPIN 1160.5 1148.90 1137.41 1172.11 1183.71 1045.78 1211.75 DOWN

M&M 782.6 774.77 767.03 790.43 798.25 752.18 775.13 UP

M&MFIN 157.35 155.78 154.22 158.92 160.50 167.29 166.93 DOWN

MANAPPURAM 173.1 171.37 169.66 174.83 176.56 162.75 156.81 UP

MARICO 519.85 514.65 509.50 525.05 530.25 414.81 497.54 UP

MARUTI 7573.85 7498.11 7423.13 7649.59 7725.33 7163.36 7122.09 UP

MCDOWELL-N 662.45 655.83 649.27 669.07 675.70 568.49 616.24 UP

MFSL 1034.85 1024.50 1014.26 1045.20 1055.55 774.01 966.09 UP

MGL 1141.55 1130.13 1118.83 1152.97 1164.38 1053.9 1215.84 DOWN

MINDTREE 2583.1 2557.27 2531.70 2608.93 2634.76 1784.74 2436.32 UP

MOTHERSUMI 245.4 242.95 240.52 247.85 250.31 179.94 227.23 UP

MPHASIS 2154.95 2133.40 2112.07 2176.50 2198.05 1606.86 1947.92 UP

MRF 81142.3 80330.88 79527.57 81953.72 82765.15 78043.96 84028.71 DOWN

MUTHOOTFIN 1477.4 1462.63 1448.00 1492.17 1506.95 1235.99 1381.71 UP

NAM-INDIA 372.8 369.07 365.38 376.53 380.26 319.63 347.21 UP

NATIONALUM 79 78.21 77.43 79.79 80.58 50.89 67.67 UP

NAUKRI 5365.1 5311.45 5258.33 5418.75 5472.40 4462.36 4802.19 UP

NAVINFLUOR 3799.05 3761.06 3723.45 3837.04 3875.03 2706.65 3415.1 UP

NESTLEIND 17602 17425.98 17251.72 17778.02 17954.04 17101.24 17253.79 UP

NMDC 182.95 181.12 179.31 184.78 186.61 126.59 171.98 UP

NTPC 117.5 116.33 115.16 118.68 119.85 100.3 110.38 UP

ONGC 118.45 117.27 116.09 119.63 120.82 96.61 115.58 UP

PAGEIND 29759.5 29461.91 29167.29 30057.10 30354.69 26683.92 28613.26 UP

PEL 2404.75 2380.70 2356.90 2428.80 2452.85 1634.99 2173.94 UP

PETRONET 223.4 221.17 218.95 225.63 227.87 239.53 234.16 DOWN

PFC 121.05 119.84 118.64 122.26 123.47 112.37 120.62 UP

PFIZER 5720.25 5663.05 5606.42 5777.45 5834.66 5014.6 5332.48 UP

PIDILITIND 2178.85 2157.06 2135.49 2200.64 2222.43 1748.64 2070.26 UP

PIIND 3027.15 2996.88 2966.91 3057.42 3087.69 2344.81 2738.9 UP

PNB 42.1 41.68 41.26 42.52 42.94 35.71 38.78 UP

POWERGRID 227.95 225.67 223.41 230.23 232.51 203.07 242.6 DOWN

PVR 1354.5 1340.96 1327.55 1368.05 1381.59 1309.87 1454.25 DOWN

RAMCOCEM 1009.45 999.36 989.36 1019.54 1029.64 897.28 961.16 UP

RBLBANK 210.9 208.79 206.70 213.01 215.12 212.81 201.39 UP

RECLTD 144.45 143.01 141.58 145.89 147.34 130.8 156.04 DOWN

RELIANCE 2129.05 2107.76 2086.68 2150.34 2171.63 2050.42 2248.11 DOWN

SAIL 124.35 123.11 121.88 125.59 126.84 75.01 140.82 DOWN

SBILIFE 1007.2 997.13 987.16 1017.27 1027.34 891.28 945.79 UP

SBIN 424.4 420.16 415.95 428.64 432.89 314.86 404.5 UP

SHREECEM 27014.9 26744.75 26477.30 27285.05 27555.20 25485.85 26866.84 UP

SIEMENS 2019.8 1999.60 1979.61 2040.00 2060.20 1682.53 1971.63 UP

SRF 7496 7421.04 7346.83 7570.96 7645.92 5589.73 6975.46 UP

SRTRANSFIN 1362.2 1348.58 1335.09 1375.82 1389.44 1156.28 1459.59 DOWN

SUNPHARMA 681.25 674.44 667.69 688.06 694.88 592.07 661.29 UP

SUNTV 528.4 523.12 517.88 533.68 538.97 486.29 505.41 UP

TATACHEM 767.7 760.02 752.42 775.38 783.05 558.58 701.61 UP

TATACONSUM 763.6 755.96 748.40 771.24 778.87 600.16 721.48 UP

TATAMOTORS 344.9 341.45 338.04 348.35 351.80 248.4 320.21 UP

TATAPOWER 120.95 119.74 118.54 122.16 123.37 85.32 112.41 UP

TATASTEEL 1136 1124.64 1113.39 1147.36 1158.72 732.09 1078.92 UP

TCS 3325.45 3292.20 3259.27 3358.70 3391.96 2977.09 3186.14 UP

TECHM 1089.4 1078.51 1067.72 1100.29 1111.19 948.16 1019.89 UP

TITAN 1754.75 1737.20 1719.83 1772.30 1789.85 1449.16 1690.89 UP

TORNTPHARM 2950.35 2920.85 2891.64 2979.85 3009.36 2672.75 2787.14 UP

TORNTPOWER 464.65 460.00 455.40 469.30 473.94 365.94 433.21 UP

TRENT 899.8 890.80 881.89 908.80 917.80 743.42 812.74 UP

TVSMOTOR 612 605.88 599.82 618.12 624.24 545.67 589.33 UP

UBL 1446.6 1432.13 1417.81 1461.07 1475.53 1167.27 1310.45 UP

ULTRACEMCO 6719.9 6652.70 6586.17 6787.10 6854.30 5709.82 6497.18 UP

UPL 799.35 791.36 783.44 807.34 815.34 578.56 857.47 DOWN

VEDL 262.05 259.43 256.84 264.67 267.29 187.4 277.16 DOWN

VOLTAS 1013.9 1003.76 993.72 1024.04 1034.18 897.71 1080.92 DOWN

WIPRO 538.6 533.21 527.88 543.99 549.37 421.8 532.33 UP

ZEEL 217.1 214.93 212.78 219.27 221.44 206.51 204.09 UP

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Compass & Navigator

Sailing Global & MCX Trendswith ICISL Compass & Navigator

Compass & Navigator is a daily newsletter that provides technical update on all the major instruments of the world like Gold, Silver, Crude Oil, US Dollar Index and USD/INR. We define their support and resistance levels and attempt to forecast their movement with a short / medium term perspective. Also in the report, a trader will find bias for the mentioned instruments.

This newsletter is also quite popular with a market participant who loves to have insight & theme on MCX Gold, MCX Silver as well MCX Crude-Oil.


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 ended on a firm note in Friday's trade. The biggest support still seen at 45451-45797. Intraday support at 46897. Intraday Strategy: Buy at CMP, targeting 47901/48509 mark. Strict Stop at 46711.

Silver too enjoyed strong session in Friday's trade. Biggest support seen at 66953. Confirmation of strength only above 71451 mark. Intraday Strategy: Buy at CMP, targeting 71451 zone and then at 73501-74501 zone. Strict Stop at 68759.

Oil prices traded subdued in Friday's trade amidst mild profit booking. Key interweek support seen at 5477. Intraday Strategy: Buy at CMP, targeting 5701 and then aggressive interweek targets at 5775-5801 zone. Stop at 5449.

Copper prices were seen inching up in Friday's trade. Positive bias to continue. Biggest support now seen at 693 mark. Confirmation of strength above 727 resistance. Intraday strategy: Buy at CMP. Targets 727/751/769. Strict stop at 697.

MCX Natural Gas prices were seen trading firm in Friday's trade. Key support seen at 253. Immediate hurdles seen at 287 mark. Intraday Strategy: Buy on dips between 265-269 zone, targeting 287/295 mark. Stop at 251.

USD/INR ended sharply higher in Friday's trade. Key support seen at 74.59. Interweek hurdles seen at 74.89 zone. Interweek Strategy: Sell below 74.59 zone, targeting 74.09/73.87 mark. Strict Stop at 75.05.

47339 46897 45451 47901 48509 Positive

70280 69253 66953 71451 74501 Positive

5588 5477 5319 5751 5911 Positive

722.30 707 693 727 751 Positive

278.3 261 253 287 295 Positive

74.74 74.59 74.09 74.89 75.15 Neutral

MCX Gold is seen returning to bullish life. Confirmation of strength only above 47901 mark.

Instrument TRADING STRATEGYLTP S1 S2 R1 R2

GOLD $

SILVER ($)

WTI CRUDE OIL ($ )

EUR/USD

Bias

DOW JONES

US Dollar Index

The Navigator …Sailing global trend


All eyes turn to the minutes of the latest FOMC meeting on Wednesday, 7th July 2021.

1788 1761 1737 1809 1849 Positive

26.59 25.00 23.67 27.45 30.55 Positive

75.19 72.55 69.25 75 77.5 Positive

1.1865 1.1778 1.7698 1.1929 1.2251 Neutral

92.24 91.79 90.00 93.05 94.00 Neutral

34786 32596 31101 34597 36551 Positive

Interweek Strategy: Establish buy positions at CMP. Targets 1809/1849/1881 mark with stop at 1747.

Interweek Strategy: Establish buy positions at CMP. Targets 29/30.55 with stop at 24.97.

Interweek Strategy: Establish buy positions only on dips between 72.55-73 zone. Targets 77.50 zone and then at 78.50-79 zone stop at 71.30.

Interweek Strategy: Establish long positions only above 1.1929. Targets 1.2251/1.2401 with stop at 1.1919.

Interweek Strategy: Establish short positions only below 91.79 zone. Targets 90/88 with stop at 93.07.

Positive bias to continue. Interweek Strategy: Establish buy positions at CMP. Targets 35101 and then aggressive targets at 36551 mark with stop at 32415.

Close S1 S2 R1 R2200 Day

SMA Reversal

Point TrendCommodityExchange

DAILY PIVOT TABLE



MCX ALUMINIUM

MCX CARDAMOM

NCDEX CASTOR

NCDEX CHANA

MCX COPPER

MCX COTTON

MCX CRUDE-OIL

MCX GOLD

NCDEX GUAR GUM

NCDEX GUAR SEED

NCDEX JEERA

MCX LEAD

MCX MENTHA OIL

MCX NATURAL GAS

MCX NICKLE

NCDEX RM SEED

MCX SILVER

NCDEX SUGAR

NCDEX SOYA BEAN

MCX ZINC

200.4 191 183 207.5 221 173 146 UP

NA NA NA NA NA NA NA NA

5060 4977 4699 5445 5751 4450 3714.4 UP

4952 4901 4772 5221 5351 4673 3841.7 DOWN

722.3 681 653 723 763 653 404.37 DOWN

24770 23159 22159 24751 25551 21193 14458 UP

5588 5489 5297 5751 5991 4232 2488.6 UP

47339 45798 44345 47761 48259 47633 44084.1 UP

6123 6027 5557 6501 6901 6215 5519.5 Neutral

3980 3901 3771 4225 4411 3981 3672.8 Neutral

13440 13201 12901 13901 14501 13893 13323 DOWN

180.25 163 157 183 201 163 139.26 UP

1021 1021 989 1101 1157 989 1069.95 UP

278.3 247 231 273 289 202 177 Positive

1365 1257 1219 1407 1457 1377 975.8 Positive

6945 6505 6245 7151 7701 6112 3851 Neutral

70280 66951 64159 70159 72159 65951 42506.6 UP

NA NA NA NA NA NA NA NA

6980 6679 5809 7415 8101 5692 3403 UP

238.05 221 211 247 259 219 154.82 UP

DISCLAIMER: This is solely for information of clients of India Cements Investment Services Ltd 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 you on the basis of the information contained

herein is your responsibility alone and India Cements Investment Services Ltd its subsidiaries or its

employees or associates will not be liable in any manner for the consequences of such action taken by you.

We have exercised due diligence in checking the correctness and authenticity of the information contained in

this recommendation, but India Cements Investment Services Ltd or any of its 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 be contrary to recommendations issued by India

Cements Investment Services Ltd in the company research undertaken as the recommendations stated in

this report is derived purely from technical analysis. India Cements Investment Services Ltd has based this

document on information obtained from sources it believes to be reliable but which it has not independently

verified; India Cements Investment Services Ltd 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

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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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