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.
Daily Research Reports
Nifty bulls can make a comeback only if 18,167 support holds.
Bullish stocks: NAM INDIA, BOB, ICICI BANK, MINDTREE, MARUTI, AXIS BANK
Bearish stocks: VOLTAS, DLF, DR REDDYS LAB, INDIGO, JUBILANT FOODS, CADILA
Nifty Outlook
Intraday
Medium Term
Long Term
Key Levels to Watch
Nifty Support
Nifty Resistance
Pivot Level
Nifty
Outlook for the Day
INDICES
Nifty
Bank Nifty
Nifty Auto Index
Nifty FMCG Index
Nifty Infra Index
Nifty IT Index
Nifty Media Index
Nifty Midcap Index
Nifty Metal Index
Nifty Pharma Index
Nifty Reality Index
Nifty Smallcap Index
Sensex
SGX Nifty
Wealth Visionaries www.kslindia.com
Morning KSL Thursday21st October, 2021
Good Morning & Welcome to Thursday’s trading action at Dalal
Street dated 21st of October 2021.
In early action, SGX Nifty is seen wavering —— and that brings us to our call of
the day which suggests markets will not be able to make up their mind in the
near term amidst inflation fears and overbought technical conditions on one
hand as against encouraging Q2 results.
Yes, the Dalal Street will search for directions.
Now before we get into details here is our preferred strategy for the day:
# Nifty (18267): Sell between 18375-18400 zone. Stop 18701. Targets
18163/17893. Aggressive targets at 17461 mark.
# Bank Nifty (39518): Sell only below 39291. Stop 40441. Targets
39090/38901. Aggressive targets at 38011.
TOP SECTORS:
# Bullish View: PSU Banks, IT.
# Bearish view: Metals, FMCG, Reality
STOCKS IN FOCUS:
# BULLISH VIEW: NAM INDIA, BOB, ICICI BANK, MINDTREE, MARUTI,
AXIS BANK
# BEARISH VIEW: VOLTAS, DLF, DR REDDYS LAB, INDIGO, JUBILANT
FOODS, CADILA.
# Our chart of the day is bullish on stocks NIPPON LIFE (NAM INDIA),
BANK OF BARODA and MARUTI with an interweek perspective on any
corrective declines. Stocks appearing weak are VOLTAS, JUBILANT
FOODS and INDIGO with an interweek perspective.
# The 1 Stock to Buy Right Now: BUY MARUTI.
At CMP 7591 and ADD on Dips 7250-7301 zone.
Stop Loss on closing basis – 6967.
Targets – 8011/8751/10049.
Holding Period: Up to 120 Days.
Allocation: 5%. Predominantly it’s a delivery trade
18267 -0.83%
39518 -0.06%
11493 -1.15%
39696 -1.34%
5201 -0.90%
36847 -0.70%
2334 1.03%
8709 -1.91%
5974 -2.06%
14177 -1.44%
505 -2.16%
11202 -2.43%
61260 -0.74%
18337 -0.01%
Volatile session likely.
Neutral (18107-18475)
Positive (17257-19001)
Positive (15251-19251)
18167/17901
18501/19101
17601
Technical Strategy
Morning KSL
Wealth Visionaries www.kslindia.com
Outlook for Thursday: Volatility likely to be the hallmark.
Dalal Street is likely to waver, probably wobble or mostly trade with negative
bias on backdrop of bulls seen losing their enthusiasm to rally further. You
could also blame it to extreme overbought technical conditions as benchmark
Nifty has risen a whopping 146% —— from March lows of 7500.
Honestly speaking, the positive sentiments took a big hit in last 2-trading
session.
That brings us to the biggest concerns on investors mind: Whether
the boom at Dalal Street could be followed by a major bust!
Well, it's anyone's guess —— but bull markets definitely don't die of old age
or overbought conditions.
We suspect, bull markets could end because of excess of overleverage and
most importantly, overconfidence.
Digging deeper, this bull markets could get killed only if major central banks
across globe prepare to pull back their pandemic-era stimulus. Yes, they can
get killed if Federal Reserve and ECB plan to end the $120 billion in monthly
bond purchases.
Until then, the benchmark Nifty shall continue to make fresh all-time highs
provided the inflation remains low, the economic backdrop fosters with
corporate earnings-per-share growth and the Fed only gradually and very
rarely thinks of raises rates.
In the near-term, investors could flee equities or stay at sidelines on backdrop
of 3-negative catalysts:
1.Overbought Technical conditions.
2.Fed taper uncertainty.
3.Spiking oil prices.
Bottom-line: Higher the markets move up from here on —— higher will be
the risk.
Away from equities, oil prices retreated from near seven-years highs amid
reports that China will move to tame record high coal prices -- a significant
trigger to the recent energy price surge.
WTI futures for December delivery were marked 89 cents lower on the
session at $81.55 each while Brent contracts for the same month, the global
pricing benchmark, fell 86 cents to $84.23 per barrel.
# Earnings will take center-stage again. Q2 earnings to trickle in
this week:
Bharti Airtel was established in 1995 and is now is one of the
leading player in the Indian mobile telephony space with
operations in 18 countries across Asia and Africa. The company
ranks amongst the top three mobile service providers globally
in terms of subscribers. Airtel is a diversified telecom service
provider offering wireless, mobile commerce, fixed line, home
broadband, enterprise and DTH services. It expanded into
Africa by acquiring Zain’s Africa operations in 2010 and is
present in 14 African markets. Bharti Airtel had over 470 million
customers across its operations at the end of March 2021. It
owns a 53.51% stake in Bharti Infratel, which in turn owns a
42% stake in Indus Towers.
The key positive catalyst in favor of the firm is that telecom
remains one of the few sectors still witnessing consumption
and earnings growth as amidst lockdown and social
distancing, the shift is towards higher dependency on digital
tools, such as video conferencing and collaborative
applications.
Sunil Bharti Mittal, promoter & Chairman had recently outlined
the company’s aspirations as a) ARPU of 200/month to be
reached by the end of this fiscal and eventually to 300 levels. b)
the company's debt is at an 'extraordinary' level and there is an
opportunity to accelerate growth, lowering of leverage (net
debt to EBITDA to 2x vs. 3x currently) and c) healthy return
ratios in teens vs. single digit, currently
Most importantly, Bharti’s balance sheet remains healthy, on
backdrop of strong execution track record. Revenue accretion
from the 4G upgrade, minimum-ARPU plans (rolled out across
India) and recent tariff hike helps the company to report
improvement in ARPU. The management has also said that in
terms of 5G connectivity status in India, Mittal feels 5G will
become a reality in H2 next year for the majority of circles. The
spectrum pricing auction will be made attractive. Further, the
government’s data localisation policies with increasing
penetration of smartphones are likely to boost strong demand
for data over medium-to-long term.
Net-net, the triggers are Bharti Airtel’s better margins, stronger
subscriber growth, and higher data consumption.
Technically, brace yourselves for an impulse uptrend on the
monthly time scale with positive SAR series with probable
‘higher consolidation Pattern’ breakout on upside on quarterly
charts. The 200 days Exponential Moving Average (EMA) of the
stock on the daily chart is currently at 567 zone.
A potential entrance exists at CMP, and on dips between
585-605 zone, targeting 721 and then aggressive targets at
psychological 900 mark. Stop below 561. Holding Period:
9-12 Months.
BHARTI AIRTEL 708
Action BUY
Target 821
Support 661/591
Resistance 821/975
Holding Period 60-90 days
Wealth Visionaries www.kslindia.com
Morning KSL
Thursday, Oct 21st: ASIANPAINTS, TVSMOTORS, SOUTHBANK, MPHASIS, JSWSTEEL, LICHSGFIN, IDBIBANK,
ICICILOMBARD, CONCOR, CANFINHOMES, BIOCON, ENERGY EXCHANGE, INDIAN HOTELS, INDIAMART, BANK OF
MAHARASHTRA, MPHASIS.
Friday, Oct 22nd: YESBANK, TATAELXSI, TATACONSUM, PVR, RELIANCE, KAJARIA, HDFCLIFE, HINDZINC, FEDERALBANK.
Saturday, Oct 23rd: ICICI BANK.
L&T Finance reported lower consolidated profit at Rs 224.03 crore in Q2FY22 against Rs 265.12 crore in Q2FY21, revenue
fell to Rs 3,051.82 crore from Rs 3,408.10 crore YoY.
Tata Communications reported higher consolidated profit at Rs 425.38 crore in Q2FY22 against Rs 384.48 crore in
Q2FY21, revenue fell to Rs 4,174 crore from Rs 4,401 crore YoY.
WHAT TECHNICAL TELLS US ON NIFTY/SENSEX:
Daily chart of Nifty:
Technically speaking, immediate downside risk on Nifty is seen at 18167 and then aggressive targets at 17893 mark. Any
upside for Thursday’s trade is likely to be capped at 18450-18500 zone. Only if the bulls successfully surpass the 18500
psychological level, Nifty could reach the 19000 mark. Please note, Nifty’s 200 day EMA is still at 15635 mark.
The gyan mantra is to stay light on the buy side.
# Bank Nifty: A long bearish candle seen at the top of the upmove. Confirmation of weakness below Nifty’s
biggest support at 39394 mark. Below 39394, expect waterfall of selling towards 39090 and then at 38901 mark. Caution
advised on the long side.
DERIVATIVE & INSTITUTIONAL CUES:
# India VIX, which measures the expected volatility in the market, shot higher in yesterday’s trade 5.35% to end at 18.31.
# The Put-Call Open Interest Ratio is at 1.31 for Nifty.
Wealth Visionaries www.kslindia.com
Morning KSL
# The Nifty options data for October series suggests Nifty is likely to be in a trading range of 17500-18700 zone.
Maximum Call OI is at 18500 followed by 19000 strike price. So, the 19000 mark will be Nifty’s crucial resistance zone.
Maximum Put open interest stands at 17500 levels followed by 18000 levels. Call writing was seen at 18300 and then at 18400
strike price, while there was meaningful Put writing at 18200 and then at 17500 strike prices.
# As per Friday’s provisional data available on the NSE, FIIs bought shares worth Rs. 1681.60 crores while DIIs sold shares
worth Rs. 1750.59 crores in the Indian Equity Market.
# As per Monday’s provisional data available on the NSE, FIIs bought shares worth Rs. 512.44 crores while DIIs sold shares
worth Rs. 1703.87 crores in the Indian Equity Market.
# As per Tuesday’s provisional data available on the NSE, FIIs sold shares worth Rs. 505.79 crores while DIIs too sold shares
worth Rs. 2578.22 crores in the Indian Equity Market.
# As per Wednesday’s provisional data available on the NSE, FIIs sold shares worth Rs. 1843.09 crores while DIIs too sold
shares worth Rs. 1680.73 crores in the Indian Equity Market.
# Stock banned in F&O segment: AMARA RAJA BATTERIES, ESCORTS, VODAFONE IDEA, IRCTC, L&T FINANCE
HOLDINGS, NALCO, PUNJAB NATIONAL BANK, SAIL, SUN TV NETWORK and TATA POWER.
IPO Note & LISTING:
There are thirteen companies that are in queue for approvals from the capital markets regulator (SEBI) for their IPOs (initial
public offering), which could result in over Rs 13,000 worth of inflows into the primary market. Reports suggests, some of the
companies that could soon come with the public issues are: Go Airlines, Pradeep Phosphates, and Fincare Small Finance Bank.
ECONOMIC CUES:
Monetary policy meeting minutes, bank loan & deposit growth for the fortnight ended October 8, and foreign exchange
reserves for the week ended October 18 will be released on October 22.
Inflation in the U.S. accelerated moderately in September with the consumer-price index up 0.4% in September from August,
and 5.4% on an annual basis, the Bureau of Labor Statistics said Wednesday. The CPI was up 0.3% in the month of August.
China posted its weakest growth rate in more than a year overnight as a rolling power crisis, supply chain disruptions and a
crackdown on the tech sector combined to slow third quarter GDP to just 4.9%, the weakest since the pandemic trough of
2020.
Tougher emissions standards, as well as a reported supply shortage, have lifted coal prices to an all-time high, triggering both
a surge in substitute energy prices and the ongoing power crisis, which is limiting industrial output as factories are forced to
close and shop floors go dark.
GLOBAL STOCK MARKETS:
# In yesterday’s trade, U.S. stocks moved higher putting the S&P 500 within touching distance of its September closing high,
as solid corporate earnings clash with persistent inflation concerns and a jump in Treasury bond yields.
Wealth Visionaries www.kslindia.com
Morning KSL
Inflation remains the market's key 'tail risk', followed by weakness in China and a renewed surge in COVID infections over the
winter.
RECAP OF PREVIOUS DAY’S TRADING SESSION:
Investors fell victim to yet another profit-booking session as Nifty ended in red for 2nd consecutive day, down 0.83% at 18267.
Volatility reigned supreme yet again as investors scrambled for safety. IRCTC tanked 19% in today's trade.
In broader markets too, heavy selling pressure was seen as Nifty Midcap50 Index slipped 2% while the Smallcap Index was
down 2.43%. Both the indices underperformed the benchmark Nifty.
Long story short: Return of risk.
The key highlights of yesterday’s trade:
# Nifty ends below psychological 18300 mark.
# IRCTC tanks another 19% in today's trade.
# Nifty Realty and Nifty Metal indices fall the most, down 2.16% & 2.06% respectively.
# Bank Nifty somehow remained slightly buoyant, down only 0.06% at 39518.
# VIX shot higher by 5.35% to end at 18.3125.
# Top Index Gainers: BHARTIARTL (+3.96%) SBIN (+2.66%) TATAMOTORS (+1.62%).
# Top Index Losers: HINDALCO (-3.94%) BPCL (-2.66%) TITAN (-2.61%).
R2STOCKS LTP S1 S2 R1 TRADING STRATEGYBIAS
Wealth Visionaries www.kslindia.com
TOP PICKS (F & O) It's like having investment binoculars !
Sell between 4789-4801 zone. Stop 4953. Targets 4681/4633. Aggressive targets at 4551. Key support at 4681. (Interweek Strategy).
Sell between 2035-2050 zone. Stop 2191. Targets 1981/1877. Aggressive targets at 1821. Key support at 1981. (Interweek Strategy).
Buy at CMP. Stop 7311. Targets 7875/8001. Aggressive targets at 8501. Breakout Play. (Intermonth Strategy).
Buy at CMP. Stop 4411. Targets 4951/5101. Aggressive targets at 5251. Biggest intraday support at 4647. (Interweek Strategy).
Buy at CMP. Stop 433. Targets 466/477. Aggressive targets at 505. Confirmation of strength above 477. Momentum play. (Interweek Strategy).
NIPPON LIFE is our preferred bets on the buy side while we are bearish on DR REDDYS LAB and INDIGO.
DR REDDYS LAB
INDIGO
MARUTI
MINDTREE
NIPPON LIFE (NAM INDIA)
4754 4681 4551 4841 4933 Negative
2011 1981 1877 2073 2183 Negative
7591 7351 7089 7875 8501 Positive
4779 4647 4437 4951 5251 Positive
461 437 421 477 505 Positive
Derivatives StrategiesChanges in Open Interest (OI) in yesterday’s trade.
Nifty Spot
VIX
Premium
Nifty Future OI
Cash Volumes (INR in Cr.)
YesterdayDay Before Yesterday
Derivatives Vol.(INR in Cr.)
No of contracts
Turnover (Rs. In cr.)
BSE Cash Vol. (Rs. in Cr)
NSE Cash Vol.(Rs. in Cr)
NSE Derivative Vol. (Rs. in Cr)
Index Future Volumes
Stock Future Volumes
Index Option Volumes
Stock Option Volumes
Total
Major Changes in Nifty Options (OI)
Bank Nifty Spot
Bank Nifty OIFuture
Wealth Visionaries www.kslindia.com
EQUITY DERIVATIVESLooking into the future from present.
Future Call: SELL BIOCON OCTOBER FUTURES at CMP 343.40.
Targets at 332 and then at 325. Stop: 351. Holding Period:
Intraday. Analyst’s Remark: Breaking Down (BIOCON OCTOBER
Futures CMP 343.40)
Option Call: SELL NIFTY 28th OCTOBER CE Strike Price 18700 at
CMP 480.50. Maximum Profit: Rs. 24,025/-. Loss: Unlimited. Stop:
Exit Call Option if NIFTY moves above 18521. (NIFTY OCTOBER
Futures CMP 18320).
18266.60 (-0.83%)
39518.20 (-0.06%)
18.3125 (+5.35%)
+53 vs +18
1.10 crores (-8.24%)
15.64 lakhs (-9.04%)
14081.97 7515.01
94,187.66 1,05,136.61
75,08,047 63,25,743
3,97,923 37,596
11,83,923 1,12,279
7,27,42,320 69,71,791
38,84,678 3,86,382
7,82,08,844 75,08,047
Calls in lakhs (% Change)
18300 33.005 (+336%)
18400 47.77 (+256%)
18500 66.7 (+75%)
Puts in lakhs (% Change)
18300 25.48 (-21%)
18400 14.24 (-41%)
18500 17.12 (-33%)
Thursday21st October, 2021
Market Summary:
• Nifty October Futures ended Wednesday’s session at a premium +53
vs premium of +18.
• The 21st October expiry Put-Call Open Interest Ratio was at 0.58 for
Nifty whereas it was 0.82 for Bank Nifty.
• The 21st October expiry Put-Call Volume Ratio was at 0.91 for the
Nifty and 1.01 for Bank Nifty.
• For Nifty, Maximum Call Open Interest (OI) stands at 18500 Strike
Price, followed by 18600 Strike Price for 21st October Series. Short
buildup was seen at strike prices 18300-18600.
• Maximum Put Open Interest (OI) was seen at strike price 18000
followed by 18200 strike prices for 21st October series. Short
covering was seen at strike prices 18300-19000.
• For Bank Nifty, Maximum Call Open Interest (OI) stands at 40000
Strike Price and Maximum Put Open Interest stands at 38000 Strike
Price.
• As per Wednesday’s provisional data available on the NSE, FIIs sold
shares worth Rs. 1843.09 crores in the Indian Equity Market. DIIs
too sold shares worth Rs. 1680.73 crores in the Indian Equity
market.
• Long Buildup: BANKBARODA, SBIN, TATAMOTORS.
• Short Buildup: BIOCON, IEX, HUL, CADILAHC.
• Short Covering: PETRONET, AMBUJACEM, HDFCLIFE, MFSL.
• Long Unwinding: VEDL, PFC, BPCL, REC.•
• Stocks banned in F&O segment: AMARARAJABAT, ESCORTS,
IDEA, IRCTC, L&TFH, NATIONALUM, PNB, SAIL, SUNTV,
TATAPOWER.
• New in Ban: L&TFH, TATAPOWER.
• Out of Ban: BHEL.
Wealth Visionaries www.kslindia.com
All level indicated above are based on cash market prices.
Pivot Point
PP : Pivot Point : This is trigger point for weekly buy/sell based on the price range of the previous week.R1 : Resistance one : 1st Resistance over PP. R2 : Resistance two : 2nd Resistance over R1.S1 : Support one : 1st support after PP. S2 : Support Two : 2nd support after S1.
As per the tool, the trader should take BUY position just above PP and keep the stop loss of PP and the first target would be R1.If R1 is crossed then R2 becomes the next target with the stop loss at R1.
Similarly if price goes below PP the trader should SELL and keep the PP as Stop loss and the first target would be S1.
If S1 is crossed then S2 becomes the next target with the stop loss at S1.This is a trading tool. The key to use of this tool is the use of STOP LOSS.
Stock CMP Support Resistance 21 DMA 200 DMA Intraday Short Term Long Term
DAILY PIVOT TABLE Thursday21st October, 2021
NIFTY 18267 17901 18632 17890 15634 UP UP UP
BANKNIFTY 39518 38728 40309 38105 34827 UP UP UP
NIFTYIT 36847 36110 37584 35809 28845 DOWN UP UP
NIFTYMETAL 5974 5855 6093 5736 4770 UP DOWN UP
0 0
AARTIIND 1013 993 1034 1018 802 UP DOWN UP
ABFRL 253 245 260 244 200 UP UP UP
ACC 2264 2218 2309 2279 2018 DOWN DOWN DOWN
ADANIENT 1590 1558 1621 1521 1194 UP UP UP
ADANIPORTS 795 779 811 754 701
ALKEM 3824 3748 3901 3929 3208 UP DOWN UP
AMARAJABAT 704 690 718 749 807 DOWN DOWN UP
AMBUJACEM 393 381 405 406 338 DOWN DOWN DOWN
APOLLOHOSP 4147 4064 4230 4494 3522 DOWN DOWN DOWN
APOLLOTYRE 226 219 232 231 222
ASHOKLEY 137 133 141 134 123 UP DOWN UP
ASIANPAINT 3170 3106 3233 3289 2836 DOWN DOWN UP
ASTRAL 2188 2144 2232 2220 1814 UP DOWN UP
AUBANK 1157 1134 1180 1168 1103 UP DOWN DOWN
AUROPHARMA 702 688 716 723 889
AXISBANK 805 789 821 790 734 UP UP UP
BAJAJ-AUTO 3849 3772 3926 3859 3879 UP DOWN UP
BAJAJFINSV 18603 18231 18975 17975 12299 UP UP UP
BAJFINANCE 7761 7606 7917 7753 5973 UP UP UP
BALKRISIND 2487 2437 2537 2574 2047
BANDHANBNK 317 307 326 305 321 UP DOWN UP
BANKBARODA 92 89 95 84 78 UP UP UP
BATAINDIA 2085 2044 2127 1909 1594 UP UP UP
BEL 205 199 211 206 159
BERGEPAINT 800 784 816 823 785 DOWN DOWN DOWN
BHARATFORG 774 759 790 761 689 UP UP DOWN
BHARTIARTL 708 694 723 697 569 UP UP UP
BHEL 73 70 75 65 56
BIOCON 342 331 352 358 392 DOWN DOWN
BPCL 441 432 450 440 443 DOWN DOWN DOWN
BRITANNIA 3762 3687 3837 3926 3628 DOWN DOWN DOWN
CADILAHC 517 507 528 549 543 DOWN DOWN DOWN
CANBK 195 189 201 176 153 UP UP UP
CANFINHOME 683 669 697 679 549 UP UP UP
CHOLAFIN 595 583 607 576 526 UP UP UP
CIPLA 906 888 924 941 895 DOWN DOWN UP
COALINDIA 181 175 186 182 146 UP DOWN UP
COFORGE 5820 5704 5937 5466 3789 UP UP UP
COLPAL 1614 1581 1646 1684 1637 DOWN DOWN DOWN
COROMANDEL 836 819 852 829 812 UP UP UP
DABUR 593 581 605 622 566 DOWN DOWN DOWN
DEEPAKNTR 2555 2504 2606 2645 1784 UP DOWN UP
DIVISLAB 5116 5014 5219 5104 4250 UP DOWN UP
DIXON 5209 5105 5314 4910 4033 UP DOWN UP
DLF 413 405 421 412 308 UP DOWN UP
DRREDDY 4754 4659 4849 4882 4951 UP DOWN UP
ESCORTS 1438 1410 1467 1492 1284 UP DOWN UP
GODREJCP 992 973 1012 1033 861 DOWN DOWN DOWN
GODREJPROP 2310 2264 2356 2293 1526 UP DOWN UP
GRASIM 1693 1659 1726 1649 1405 UP UP UP
HAL 1410 1382 1438 1373 1091 UP DOWN UP
HAVELLS 1407 1379 1435 1401 1133 DOWN UP UP
HCLTECH 1233 1208 1258 1283 1031 DOWN DOWN UP
HDFC 2795 2739 2851 2771 2605 UP UP UP
HDFCAMC 2861 2803 2918 2987 2974 DOWN DOWN DOWN
HDFCBANK 1674 1640 1707 1614 1506 UP UP UP
HDFCLIFE 703 689 717 720 695 DOWN DOWN UP
HEROMOTOCO 2816 2760 2872 2866 2999 UP DOWN UP
HINDALCO 513 503 523 492 377 UP UP UP
HINDPETRO 317 308 327 305 261 UP DOWN UP
HINDUNILVR 2479 2429 2528 2683 2428 DOWN DOWN DOWN
ICICIBANK 746 731 761 714 637 UP UP UP
ICICIGI 1504 1474 1534 1560 1497 DOWN DOWN UP
IDEA 11 10 11 11 10 UP DOWN UP
IDFCFIRSTB 49 47 50 48 53 UP DOWN UP
IEX 789 774 805 680 397 UP DOWN UP
IGL 499 489 509 521 531 DOWN DOWN DOWN
INDHOTEL 219 213 226 197 137 UP UP UP
INDIGO 2012 1972 2052 2046 1742 DOWN UP UP
INDUSINDBK 1202 1178 1226 1160 1005 UP UP UP
INFY 1802 1766 1838 1717 1477 UP UP UP
IRCTC 4434 4346 4523 4367 2276 DOWN DOWN UP
ITC 247 239 254 241 214 UP DOWN UP
JINDALSTEL 441 432 450 403 375 UP UP UP
JSWSTEEL 685 671 699 675 600 UP UP DOWN
JUBLFOOD 3965 3886 4045 4136 3261 DOWN DOWN UP
KOTAKBANK 2015 1975 2056 2003 1827 UP UP UP
LICHSGFIN 435 427 444 438 433 UP UP UP
LT 1807 1771 1843 1741 1515 UP UP UP
LUPIN 930 911 948 948 1068 DOWN DOWN DOWN
M&M 899 881 917 845 801 UP UP UP
MANAPPURAM 196 190 201 184 169 UP UP UP
MARICO 561 550 572 563 477 UP DOWN UP
MARUTI 7591 7439 7743 7331 7175 UP UP UP
MCDOWELL-N 839 822 856 856 638 UP DOWN UP
METROPOLIS 2908 2849 2966 2841 2500 DOWN UP DOWN
MGL 1044 1023 1065 1079 1135 DOWN DOWN DOWN
MINDTREE 4780 4684 4876 4403 2569 UP UP UP
MOTHERSUMI 230 223 237 232 217 UP DOWN UP
MPHASIS 3470 3401 3540 3217 2156 UP UP UP
NAM-INDIA 461 452 470 443 368 UP UP UP
NATIONALUM 109 106 113 99 71 UP DOWN UP
NAUKRI 6917 6779 7055 6697 5241 UP UP UP
NAVINFLUOR 3502 3432 3572 3853 3262 DOWN DOWN DOWN
NESTLEIND 19278 18892 19663 19467 17880 DOWN DOWN UP
NMDC 149 145 154 146 151 UP DOWN UP
OFSS 4685 4591 4778 4685 3786 UP DOWN UP
PAGEIND 37403 36655 38151 34891 30681 UP UP UP
PEL 2662 2609 2715 2748 2086 UP DOWN UP
PFC 140 136 145 141 125 UP DOWN UP
PFIZER 5262 5156 5367 5587 5270 DOWN DOWN DOWN
PIDILITIND 2418 2369 2466 2438 2036 UP DOWN UP
PIIND 3055 2994 3116 3226 2717 DOWN DOWN DOWN
PNB 43 42 45 41 39 UP DOWN UP
POLYCAB 2294 2248 2340 2429 1711 UP DOWN UP
PVR 1672 1639 1706 1638 1378 UP UP UP
RAMCOCEM 986 966 1005 991 980 DOWN UP DOWN
RBLBANK 189 183 195 190 209 UP UP UP
RECLTD 154 149 158 158 146 UP DOWN UP
RELIANCE 2700 2646 2754 2585 2133 UP UP UP
SAIL 119 116 123 116 105 UP DOWN UP
SBILIFE 1169 1145 1192 1207 1010 UP DOWN UP
SBIN 500 490 510 464 395 UP UP UP
SHREECEM 27457 26908 28007 28672 27763 DOWN DOWN DOWN
SIEMENS 2211 2166 2255 2198 1967 UP DOWN UP
SRF 2209 2165 2253 2224 1431 DOWN DOWN UP
SUNPHARMA 815 799 831 809 683 UP DOWN UP
SUNTV 543 532 554 526 511 UP UP UP
SYNGENE 606 594 618 625 594 DOWN DOWN UP
TATACHEM 1034 1013 1055 954 739 UP DOWN UP
TATACONSUM 827 810 843 830 709 DOWN UP DOWN
TATAMOTORS 487 477 497 381 311 UP UP UP
TATAPOWER 230 223 237 178 116 UP UP UP
TATASTEEL 1343 1316 1370 1316 1057 DOWN DOWN DOWN
TCS 3609 3537 3681 3768 3299 DOWN DOWN UP
TECHM 1539 1509 1570 1441 1124 UP UP UP
TITAN 2411 2363 2460 2273 1698 UP DOWN UP
TORNTPHARM 2982 2923 3042 3096 2807 UP DOWN UP
TORNTPOWER 498 488 508 508 428 UP DOWN UP
TRENT 1111 1089 1134 1065 848 UP UP UP
TVSMOTOR 579 568 591 560 579 UP UP UP
UBL 1660 1627 1693 1633 1349 UP UP UP
ULTRACEMCO 7130 6987 7272 7427 6781 DOWN DOWN DOWN
UPL 716 702 730 727 689 DOWN DOWN DOWN
VEDL 356 346 367 308 252 UP UP UP
VOLTAS 1248 1223 1273 1257 1036 UP DOWN UP
WIPRO 702 688 716 664 526 UP UP UP
ZEEL 320 310 330 307 217 UP UP UP
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
Wealth Visionaries www.kslindia.com
DAILY PIVOT TABLE
Stock CMP Support Resistance 21 DMA 200 DMA Intraday Short Term Long Term
Thursday21st October, 2021
ALUMINIUM 1 246 239 253 238.38 195.08 UP DOWN UP
CARDAMOM 1 1505 1475 1535 1478.42 2689.59 DOWN UP DOWN
CASTOR 1 6362 6235 6489 6128.29 5150.58 UP UP UP
CHANA 1 5128 5025 5231 5105.52 4997.8 UP UP DOWN
COPPER 1 792.35 777 808 733.18 709.08 UP UP UP
COTTON 1 31500 30870 32130 28755.24 23920.85 UP UP UP
CRUDEOIL 1 6217 6093 6341 5792.67 4905.27 UP UP UP
GOLD 1 47517 46567 48467 46697.62 47172.5 UP DOWN DOWN
GUARGUM5 1 11363 11136 11590 10147.52 7065.48 UP UP UP
GUARSEED10 1 6270 6145 6395 5946.57 4450.58 UP UP UP
JEERAUNJHA 1 14565 14274 14856 14466.9 13754.55 UP UP UP
LEAD 1 192 186 198 186.41 173.45 UP UP DOWN
MENTHAOIL 1 922.3 904 941 926.88 959.26 DOWN DOWN UP
NATURALGAS 1 402.8 395 411 408.95 259.88 UP DOWN UP
NICKEL 1 1620 1588 1652 1464.87 1350.14 UP UP UP
RMSEED 1 8654 8481 8827 8435 6955.06 UP UP UP
RUBBER 1 17450 17101 17799 17072.19 16180.42 DOWN UP DOWN
SILVER 1 65700 64386 67014 61370.19 66865.48 UP UP UP
SYBEANIDR 1 5396 5288 5504 5823.62 6711.6 DOWN DOWN DOWN
ZINC 1 303.8 295 313 272.39 237.24 UP DOWN UP
Instrument TRADING STRATEGYLTP S1 S2 R1 R2 Bias
MCX GOLD
MCX SILVER
MCX CRUDE OIL
MCX COPPER
MCX NATURAL GAS
USD-INR
Wealth Visionaries www.kslindia.com
The Compass …Direction at a glance
Gold prices inched up in yesterday's trade. Key support for Gold continues to be at 46991 mark. Confirmation of strength only above interweek hurdles at 48111 mark. Intraday Strategy: Buy at CMP, targeting 47593/48111/48619. Strict Stop at 46901.
Silver flared up in yesterday's trade in line with our buy call. Confirmation of weakness now only below 63113 mark. Intraday Strategy: Buy at CMP, targeting 66731/67957/69001. Strict Stop at 64109.
Oil prices consolidated in yesterday's trade. Positive bias to continue. Intraday Strategy: Buy at CMP, targeting 6368/6501 mark. Strict Stop at 6113.
Copper prices traded rangebound in yesterday's trade. Major intraday hurdles now at 823 mark. Intraday strategy: Buy between 777-785 zone. Targets 807/823. Strict stop at 757.
MCX Natural Gas prices flared up again in yesterday's trade amids bargain hunting. Key support seen at 369. Intraday Strategy: Buy between 389-395 zone, targeting 413/427/469 mark. Stop at 383.
USD/INR slipped hard in yesterday's trade. Key support now seen at 74.51. Interweek hurdles seen at 75.15 zone. Interweek Strategy: Sell between 74.97-75.05 zone, targeting 74.51/74.19 mark. Strict Stop at 75.21.
47517 46991 46379 48111 48619 Positive
65700 64449 63113 66731 67957 Positive
6217 6139 5991 6368 6501 Positive
792.35 777 761 807 823 Positive
402.6 383 369 397 413 Neutral
74.87 74.51 74.19 75.15 75.57 Neutral
MCX GOLD: A better bullish market mood prevails amidst a falling greenback. Cnfirmation of strength only above 48111.
Instrument TRADING STRATEGYLTP S1 S2 R1 R2
GOLD (USD)
SILVER (USD)
WTI CRUDE OIL (USD)
EUR/USD
Bias
DOW JONES
US Dollar Index
Wealth Visionaries www.kslindia.com
The Navigator …Sailing global trend
The Dow Is Rising, Oil Prices too are Gaining. Spotlight shifts to earnings.
1786 1745 1723 1803 1821 Positive
23.83 22.95 21.45 24.21 25.05 Positive
83.61 81.19 78.05 85 90 Positive
1.1654 1.1503 1.1460 1.1771 1.1873 Negative
93.58 93.69 92.20 95.05 95.75 Positive
35619 33901 32795 36219 37101 Positive
Key support at 1745 mark. Interweek Strategy: Establish buy positions between 1745-1751 zone. Targets 1791/1803/1821 mark with stop at 1721.
Key hurdles at 25.05. Interweek Strategy: Establish buy positions at CMP. Targets 24.21/25.05 with stop at 22.87.
Despite volatility, Oil prices moved up in yesterday's trade.Interweek Strategy: Establish buy positions at CMP. Targets 85/90. Stop at 80.79.
Interweek Strategy: Establish sell positions between 1.1675-1.1701 zone. Targets 1.1503/1.1460 with stop at 1.1809.
Interweek Strategy: Establish buy positions between 93.69-93.75 zone. Targets 94.50/95.50 with stop at 93.01.
the S&P 500 index and Dow industrials moved to all-time highs, as investors’ eyed third-quarter earnings of the electric-vehicle maker Tesla Inc which was to trickle in after the market closes. Interweek Strategy: Establish buy positions at CMP. Targets 35513/36209 mark with stop at 33711.
DISCLAIMER: This is solely for information of clients of Khandwala Securities Limited 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 Khandwala Securities Limited, 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 Khandwala Securities Limited 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 Khandwala Securities Limited in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Khandwala Securities Limited has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Khandwala Securities Limited makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report)Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.
Wealth Visionaries www.kslindia.com
Head Office:Vikas Building, Ground Floor, Green Street,Fort, Mumbai - 400 023. India Call : 022-40767373
Khandwala Securities Limited
Contact:
Khandwala Securities Limited