A person who keeps patience is sure to win in share market.
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A person who keeps patience
is sure to win in share market.
Wealth Creator thru Systematic Investment
Suresh Rathi
Suresh Rathi
Wealth Creator thru Systematic Investment Daily Research Reports
Disclosures and Disclaimer : This report must be read with the disclosures in the Disclosure appendix,
and with the Disclaimer, which forms part of it. This document does not contain any investment views or opinions.
Suresh Rathi Market Forecast Tuesday
Wealth Creator thru Systematic Investment
03rd August, 2021
Good Morning & Welcome to Tuesday’s trading action at Dalal Street INDICES
dated 3rd of August 2021.
Nifty 15885 0.77%
Risks —— but Dalal Street likely to push higher regardless. Nifty set for Bank Nifty 34710 0.36%
another record high.
Nifty Auto Index 10183 1.34%
The big question: Should investors buy at all-time-highs?
Nifty FMCG Index 36199 0.41%
Well, investors usually avoid buying stocks at all-time-highs because they feel Nifty Infra Index 4500 1.53%
that they are not getting the best price. Our call of the day suggests that all-time
highs are usually bullish indicator. We say so because all-time highs tend to follow Nifty IT Index 30803 1.06%
all-time highs —— higher prices attract more buyers which attract higher prices. Nifty Media Index 1797 0.04%
Long story short: Strike while the iron is hot. Nifty Midcap Index 7779 1.57%
The stocks that are likely to lead the rally: PVR, Naukri and Oberoi Reality Nifty Metal Index 5781 0.19%
with an inter-month perspective. Nifty Pharma Index 14475 0.34%
What comes next for Nifty and Bank Nifty? Nifty Reality Index 418 4.79%
In early action, SGX Nifty is seen above the dotted lines. Investors now would love Nifty Smallcap Index 10617 0.91%
to see a hot bullish trend which takes Nifty towards its 16,000 psychological mark. Sensex 52951 0.69%
# Preferred trade on Nifty (15885): Buy at CMP. Stop 15621. Targets SGX Nifty 15848 0.36%
15963/16027. Aggressive targets at 16251.
# Preferred trade on Bank Nifty (34584): Buy at CMP. Stop 34111.
Outlook for the Day
Targets 35259/36207. Aggressive targets at 37907.
Buy on dips.
Outlook for Tuesday: Buy Something.
Usually, it’s said, ‘Don’t confuse with a bull market’. Well, so many momentum Nifty Outlook
stocks are witnessing buying that it’s hard to remember what challenging
Wealth Creator thru Systematic Investment
Suresh Rathi
Intraday Positive (15777-15977)
investing looks like.
Medium Term Positive (15151-16250)
TOP SECTORS:
Long Term Positive (13501-16501)
# Bullish Sectors: Reality, Metals, IT, Pharma.
# Bearish Sectors: FMCG.
STOCKS IN FOCUS: Key Levels to Watch
# BULLISH STOCKS: AARTI INDUSTRIES, ASHOK LEYLAND, PVR, Nifty Support 15727/15513
BALKRISHHNA INDUSTRIES, COROMANDEL, DEEPAK NITRITE, DIVIS Nifty Resistance 15963/16027
LAB, DLF, GODREJ PROPERTIES, JSW STEEL, SAIL, SHREE CEMENT,
TORRENT PHARMA, VEDANTA, INDIA BULLS HOUSING FINANCE
Pivot Level
# BEARISH STOCKS: AXIS BANK, BANDHAN BANK, BHEL, BIOCON, COAL
INDIA, CUB, IDEA, IDFC FIRST BANK, INDIAN HOTELS, INDIGO, Nifty 15411
INDUSIND BANK, LAL PATH LABS, METROPOLIS, RBL BANK, UPL
Wealth Creator thru Systematic InvestmentSuresh Rathi Market Forecast
Wealth Creator thru Systematic Investment
# Our chart of the day is bullish on PVR, Naukri and Oberoi Reality with an
inter-month perspective. While, we are bearish on stocks like, INDUSIND
Technical Strategy
BANK, INDIAN HOTELS and UPL appear weak with an interweek
GSFC 124.1
perspective.
# The 1 Stock to Buy Right Now: SAIL has signaled a massive Flag Pattern Action BUY
breakout on the daily charts. Intermonth Strategy: Buy between 136-138
Target 151
zone. Stop 126.05. Targets 151/157. Aggressive targets at 187.
# FY21-22 Q1 earnings to trickle in this week: It’s the busiest week of Support 111/103
first-quarter earnings season.
Resistance 133/157
# Tuesday, 03rd August 2021: IOB, GODREJPROP, KAJARIA,
KIRLOSBROS, BHARTIARTL, BANKINDIA, ADANIPORTS, ADANIENT, Holding Period 60-90 days
DABUR.
# Wednesday, 04th August 2021: TITAN, BOSCH, PNBHOUSING, Incorporated in 1962, GSFC is a leading
HINDPETRO, TATACOMM, APOLLOTYRES, SBIN, GODREJCP, manufacturing company of fertilizers and industrial
products and having a market cap of Rs 4,872
# Thursday, 05th August 2021:NCC, GAIL, REC, CIPLA, IPCALABS, Crore. GSFC was the first company to set up fertilizer
TATACHEM, ADANIPOWER, ESCORTS, IBULSHSGFIN. plants within a short span of two years of getting
requisite approvals. It was also the first industrial
# Friday, 06th August 2021: BSE, HINDALCO, VOLTAS, ALLCARGO, project to secure direct and active equity
participation of farmers, the first fertilizer unit to get
UJJIVANSFB, INDIGOPAINTS, ZEEL, PEL, SAIL, BEML, NATIONALUM,
assistance from IDBI's Assistance Fund, and the first
BERGEPAINT, STAR, TATAPOWER, MUTHOOTFIN, AARTIIND, company to adopt the Steam Naphtha Reforming
AUBANK, TORNTPOWER, BEL, M&M, CUB, BALKRISIND, RELCAPITAL process for manufacturing of Ammonia.
# Saturday, 07th August 2021: HINDCOPPER, BANKBARODA, GSFC has set up the first DAP fertilizer complex in
India at Sikka, Jamnagar on the west coast of
DIVISLABS. Gujarat. Its technical edge as well as engineering
# PNB reported a net profit of Rs 1,023 crore in April-June, posting a 231% resources acquired during its very first decade have
been catalysts in providing impetus to the expansion
jump in its profit as compared to the same period last year. Sequentially, net and diversification strategies spread over the next
profit of PNB increased 74% from Rs 586 crore reported in Jan-March. four decades.
# Maruti Chairman R C Bhargava has said that car sales can grow significantly Technically, brace yourselves for a major breakout
play from a classic ‘Flag pattern’ breakout on the
if we avert third wave. Mr. Bhargava was seen saying that the performance
Wealth Creator thru Systematic Investment
Suresh Rathi
weekly charts. An impulse uptrend is seen forming
in the next three quarters largely depends on how effectively all our citizens on the daily time scale, with positive SAR series,
follow the government's advice to get vaccinated and observe safety major confirmation above its May 2021 high at 125
protocols. mark.
Add to that a bullish divergence and a rising
WHAT TECHNICAL TELLS US ON NIFTY/SENSEX: stochastic signal (on weekly charts) with recent
increase in volumes signaling a larger rebound. The
Daily chart of Nifty: 200 days Exponential Moving Average (EMA) of the
stock on the daily chart is currently at 94 zone. The
level of Rs 94-97.50 zone will act as a strong support
zone and any corrective declines to these levels
should be used as an opportunity to initiate
aggressive long positions.
A potential entrance exists at CMP, and on dips
between 109-113 zone, targeting psychological 150
mark and then at its all-time-highs at 165. Stops
below 97. Holding Period: 2-3 Months.
Wealth Creator thru Systematic InvestmentSuresh Rathi Market Forecast
Wealth Creator thru Systematic Investment
# Technically speaking, the bulls are seen fighting back control, looking to recapture Nifty’s all-time-high at 15963 mark. For the
day, if Nifty’s 15863 barrier is taken out convincingly then simply expect Nifty to rip to its psychological 16,000 mark and then
aggressive targets at 16201 mark. Downside likely to be limited to 15590-15625 zone.
# Only if Nifty slips below the 15513 mark then it’s safe to assume that rising inflation risks are spoiling the party at Dalal Street
with targets at 15151-15201 zone. Nifty’s 200 day EMA at 14401 mark. The price action for Nifty in near term is suggesting
that we are likely to see a 15,500- 16000 range in near term with positive bias.
# Bank Nifty: Confirmation of strength only above 36,000 mark. Above 36,000, Bank Nifty will aim to reclaim its all-time-high
at 37,709 mark. Intraday hurdles at 35259 mark. The biggest support seen at 33883 mark. Momentum oscillators signaling
weakness.
DERIVATIVE & INSTITUTIONAL CUES:
# The options data for August series suggests Nifty is likely to be in a trading range of 15500-16200 zone. Maximum Call OI is at
15800 followed by 16000 strike price. So, 15800-16000 zone are Nifty’s crucial resistance zone. Maximum Put open interest
stands at 15700 levels followed by 15600 levels. Call writing was seen at 15800 and then at 15500 strike price, while there was
meaningful Put writing at 15700 and then at 15800 strike prices.
# The Put-Call Open Interest Ratio is at 1.28 for Nifty.
# As per Monday’s provisional data available on the NSE, FIIs sold shares worth Rs. 3848.31 crores in the Indian Equity Market.
DIIs on the other hand bought shares worth Rs. 2956.68 crores in the Indian Equity market.
# As per Monday’s provisional data available on the NSE, FIIs sold shares worth Rs. 1539.88 crores in the Indian Equity Market.
DIIs on the other hand bought shares worth Rs. 1505.82 crores in the Indian Equity market.
# Stock banned in F&O segment: SUN TV
Wealth Creator thru Systematic Investment
Suresh Rathi
The POSITIVE CATALYSTS:
# The biggest positive catalyst are IMD’s statement that the performance of the southwest monsoon in the remaining two
months of the season is expected to be normal.
The GST revenue for the month of July which stood at over Rs 1.16 lakh crore, 33% higher than the collection in the same
month of 2020, indicating that the economy is recovering at a fast pace. GST collections have been steady above Rs. 1 lakh
crore mark for eight months (dropped only below Rs. 1 lakh crore in June 2021).
In a statement, the ministry has said that the robust GST revenues are likely to continue in the coming months too.
# Sentiment are also seen boosted by a $550 billion infrastructure package moving closer to passage in the Senate this week.
But market optimism was kept in check by worries over the pace of the economic recovery amid the spreading delta virus
strain.
# The positive bias for our stock markets is also on backdrop of the fact that the volatility index has dropped to 12.80 levels. Well,
a lower VIX level is seen bullish for stocks.
Wealth Creator thru Systematic InvestmentSuresh Rathi Market Forecast
Wealth Creator thru Systematic Investment
THE NEGATIVE CATALYSTS:
# The foreign institutional investors continue to be the in the pessimist side taking some money off the table as they net sold Rs
10,825.21 crore of shares in the week gone by taking the total selling to Rs 42,813 crore in the FY 22.
# Emerging stock markets like India and Brazil are again seen underperforming Wall Street.
# Rising Inflation
# Rising oil prices.
# India’s: Fiscal Deficit (FY22B) 6.8%
ECONOMIC CUES:
# The biggest event for Dalal Street will be the outcome of RBI’s monetary policy committee meeting slated to trickle in on Friday
6th August 2021. The street expects the MPC to hold interest rates at 4% but commanding attention would be the
commentary on economic growth and inflation trajectory along with measures for most-affected sectors.
# India's merchandise exports shot up in July, rising by a major 47.9 percent as compared to July, 2020. Impressively, exports
also rose by 34.06 percent as compared to July, 2019, before the pandemic struck.
# The U.S Gross domestic product, a measure of all goods and services produced during the April-to-June period, grew 6.5% on
an annualized basis, below the forecast of 8.4%.
# The Labor Department said that weekly jobless claims fell by 24,000 to 400,000, down from the previous week’s revised
estimate of 424,000 claims.
# The reign of doves is extended yet again as the policy-setting Federal Open Market Committee (FOMC) signaled that it plans
to keep a key U.S. short-term interest rate near zero while projecting the U.S economy has made progress towards the
standards it set for starting to slow down its bond-buying program --- but not enough progress to start tapering yet.
# The Fed indicated that it will continue buying bonds at the current $120 billion a month pace. Powell stressed again that he
expects inflation to eventually pull back closer to the Fed’s 2% annual target.
Wealth Creator thru Systematic Investment
Suresh Rathi
GLOBAL STOCK MARKETS:
Wall Street in Monday’s trade mostly rose with solid corporate earnings and deal making lifting equities as Wall Street kicked off the
first trading of August.
The yield on the benchmark 10-year Treasury was down Monday, falling to 1.214% even as the two-year suspension of the U.S. debt
ceiling expired over the weekend, pushing the Treasury to unveil extraordinary funding plans.
In the week gone by, the Dow and S&P 500 each declined 0.4 % while the Nasdaq slid 1.1%. All three indices were up for July, with
Dow showing a 1.3% monthly gain, the S&P 500 rising 2.3% and the Nasdaq up 1.2% for the month.
IPOs and LISTINGS:
It will be an action packed week as four firms - Devyani International, Windlas Biotech, Exxaro Tiles and Krsnaa Diagnostics - will
launch their IPOs. The initial public offer of these companies will open between August 4-6 to raise a total of Rs 3,614 crore.
Wealth Creator thru Systematic InvestmentSuresh Rathi Market Forecast
Wealth Creator thru Systematic Investment
At Rs 1,838 crore, KFC and Pizza Hut operator Devyani International is the largest IPO amongst them.
Krsnaa Diagnostics, one of the fastest-growing diagnostic chains in India, is planning to raise Rs 1,213.33 crore via public offer at
THE higher end of the price band of Rs 933-954 per share.
Pharma company Windlas Biotech plans to raise Rs 401.54 crore and Exxaro Tiles Rs 161 crore through IPOs next week. They have
fixed the price band at Rs 448-460 per share and 118-120 per share respectively.
Meanwhile, Glenmark Life Sciences, the subsidiary of Glenmark Pharma, will debut on August 6.
The company will finalise IPO share allotment on August 3, while the funds will be refunded to ineligible investors on August 4.
Glenmark Life shares are currently trading at a premium of Rs 130-150 in the grey market, data from IPO Watch and IPO Central
showed. This equates to a trading price of Rs 850-870 per share, up 18-21 percent over the expected final issue price of Rs 720.
RECAP OF PREVIOUS TRADING SESSION:
Nifty zoomed higher in yesterday’s session as risk-on stance was again seen spreading from Asia, where the Hong Kong and China
CSI 300 indexes were again seen rebound after last week’s drubbing.
All the sectoral indices ended in the green with auto, IT, oil & gas and realty indices up 1-4.5 percent. The midcap and smallcap
indices too added 1 percent each.
Technically, the positive takeaway was that Nifty was able to close above its biggest intraday hurdles at 15863 mark.
The other key highlights of yesterday’s trade:
# Nifty zoomed higher, inches closer towards its all-time-high at 15963 mark.
# Bank Nifty index (+0.36%) slightly underperforms against Nifty’s gains of 0.77%.
# Around 37 of the Nifty 50 stocks ended the day in green.
# Top Index Gainers: TITAN (+3.58%), SHREE CEMENT (+3.52%), BPCL (+3.05%)
Wealth Creator thru Systematic Investment
Suresh Rathi
# Top Index Losers: UPL (-2.25%), TATA STEEL (-1.49%), BAJAJ FINSERV (-0.62%)
Wealth Creator thru Systematic InvestmentSuresh Rathi
Wealth Creator thru Systematic Investment
TOP PICKS (F & O)
It's like having investment binoculars !
RIL: Could be a dark horse. Technically, key support at 2016. We like PVR above 1466 mark.
STOCKS LTP S1 S2 R1 R2 BIAS TRADING STRATEGY
Interweek Strategy: Sell between 995-1003 zone. Stop
INDUSIND BANK 988 959 941 1003 1031 Negative 1017. Targets 959/941. Aggressive targets at 911.
Weakening Momentum.
Interweek Strategy: Buy at CMP. Stop 1317. Targets
PVR 1417 1367 1319 1466 1563 Positive 1449/1466. Aggressive targets at 1563. Momentum
Play. Reopening of economy.
Wealth Creator thru Systematic Investment
Suresh Rathi
Intermonth Strategy: Buy between 136-138 zone. Stop
SAIL 140 136 127 151 187 Positive 126.05. Targets 151/157. Aggressive targets at 187. A
massive Flag Pattern breakout on the daily charts.
Interweek Strategy: Buy at CMP. Stop 2001. Targets
RELIANCE 2073 2016 1987 2117 2177 Positive 2117/2177. Aggressive targets at 2251. Rebound Play.
Key support at 2016.
INDUSTRIES (RIL)
Interweek Strategy: Buy between 151-153 zone. Stop
147. Targets 167/175. Aggressive targets at 183.
REC 157 151 143 167 175 Positive Momentum oscillators signaling strength.
Wealth Creator thru Systematic InvestmentTuesday
Suresh Rathi EQUITY DERIVATIVES 03rd August, 2021
Wealth Creator thru Systematic Investment Looking into the future from present.
Derivatives Strategies
Changes in Open Interest (OI) in yesterday’s trade.
Future Call: BUY LUPIN AUGUST FUTURES between 1115-1118
Nifty Spot 15885.15 (+0.77%)
zone. Targets at 1145 and then at 1168. Stop: 1091. Holding
Period: Intraday. Analyst’s Remark: Rebound Play (LUPIN AUGUST Bank Nifty Spot 34710.00 (+0.36%)
Futures CMP 1128.85)
VIX 12.805 (-0.02%)
Option Call: SELL NIFTY 05th AUGUST PE Strike Price 15900 at Premium +25 vs +22
CMP 74.80. Maximum Profit: Rs. 3,740.00/-. Loss: Unlimited. Stop: Nifty Future OI 1.05 crores (+10.98%)
Exit Put Option if NIFTY moves below 15765. (NIFTY AUGUST
Futures CMP 15910.20). Bank Nifty Future OI 21.10 lakhs (+0.59%)
Market Summary: Cash Volumes Day Before
Yesterday
(INR in Cr.) Yesterday
• Nifty August Futures ended Monday’s session at a premium of +25
vs premium of +22. BSE Cash Vol.
5074.32 5980.06
(Rs. in Cr)
• The 05th August expiry Put-Call Open Interest Ratio was at 1.03 for
NSE Cash Vol.
Nifty whereas it was 0.71 for Bank Nifty. 66,848.95 76,758.30
(Rs. in Cr)
• The 05th August expiry Put-Call Volume Ratio was at 0.90 for the NSE Derivative
28,58,025.90 28,84,873.66
Nifty and 0.91 for Bank Nifty. Vol. (Rs. in Cr)
• For Nifty, Maximum Call Open Interest (OI) stands at 15900 Strike
Derivatives Vol. No of Turnover
Price, followed by 16000 Strike Price for 05th August Series. Short
(INR in Cr.) contracts (Rs. In cr.)
covering was seen at strike prices 15400-15700.
• Maximum Put Open Interest (OI) was seen at strike price 15800 Index Future Volumes 2,12,939 17,697
followed by 15700 strike prices for 05th August series. Short buildup
was seen at strike prices 15500-15900. Stock Future Volumes 7,05,378 57,477
• For Bank Nifty, Maximum Call Open Interest (OI) stands at 35000 Index Option Volumes 3,11,43,423 26,06,729.16
Strike Price and Maximum Put Open Interest stands at 34500 Strike
Price. Stock Option Volumes 21,02,048 1,76,122.25
Wealth Creator thru Systematic Investment
Suresh Rathi
• As per Monday’s provisional data available on the NSE, FIIs sold
Total 3,41,63,788 28,58,025.90
shares worth Rs. 3848.31 crores in the Indian Equity Market. DIIs on
the other hand bought shares worth Rs. 2956.68 crores in the Indian
Equity market. Major Changes in Nifty Options (OI)
• Long Buildup: REC, VEDL, JSWSTEEL, DLF. Callsin lakhs (% Change)
• Short Buildup: ICICIGI, MFSL, LTTS. 15900 53.37 (+24%)
16000 43.76 (+38%)
• Short Covering: RELIANCE, BPCL, LUPIN, BRITANNIA.
16100 27.19 (+23%)
• Long Unwinding: BAJAJFINSV, ABFRL.
• Stocks banned in F&O segment: SUNTV. Putsin lakhs (% Change)
• New in Ban: NIL. 15800 59.41 (+129%)
15900 26.11 (+325%)
• Out of Ban: NIL.
16000 6.09 (+70%)
Wealth Creator thru Systematic InvestmentSuresh Rathi
Wealth Creator thru Systematic Investment DAILY PIVOT TABLE Tuesday
03rd August, 2021
Stock CMP Support Resistance 21 DMA 200 DMA Intraday Short Term Long Term
NIFTY 15885 15567 16203 15793 14415 UP UP UP
BANKNIFTY 34710 34016 35404 35114 32388 DOWN DOWN UP
NIFTYIT 30803 30187 31419 29420 25463 UP UP UP
NIFTYMETAL 5781 5666 5897 5370 3976 UP UP UP
NIFTYPHARM 14475 14185 14764 14418 12930 DOWN UP DOWN
0 0
AARTIIND 948 929 967 875 692 UP UP UP
ABBOTINDIA 19751 19356 20146 17638 15628 UP UP UP
ABFRL 225 218 231 220 181 UP UP UP
ACC 2424 2376 2472 2190 1831 UP UP UP
ADANIENT 1438 1409 1467 1409 894 DOWN UP UP
ADANIPORTS 692 678 706 693 611 DOWN DOWN DOWN
ALKEM 3482 3413 3552 3358 2924 UP DOWN UP
AMARAJABAT 720 706 735 729 839 DOWN UP DOWN
AMBUJACEM 418 410 426 384 295 UP UP UP
APOLLOHOSP 4048 3967 4129 3860 2900 UP UP UP
APOLLOTYRE 229 222 235 227 206 DOWN UP DOWN
ASHOKLEY 135 131 139 125 112 UP UP UP
ASIANPAINT 2974 2915 3034 3020 2591 UP DOWN UP
AUROPHARMA 918 900 937 953 913 DOWN DOWN DOWN
AXISBANK 721 707 736 749 678 DOWN DOWN DOWN
BAJAJ-AUTO 3842 3765 3918 3951 3695 DOWN DOWN DOWN
BAJAJFINSV 14125 13843 14408 13032 9862 UP UP UP
BAJFINANCE 6201 6076 6325 6154 5178 UP UP UP
BALKRISIND 2499 2449 2549 2328 1796 UP UP UP
BANDHANBNK 300 291 309 309 337 DOWN DOWN DOWN
BANKBARODA 81 78 84 82 70 DOWN DOWN UP
BATAINDIA 1682 1648 1715 1591 1499 UP UP UP
BEL 184 178 189 183 134 UP UP UP
BERGEPAINT 841 824 858 841 740 UP UP UP
BHARATFORG 785 770 801 794 617 UP DOWN UP
BHARTIARTL 565 554 576 539 526 UP UP UP
BHEL 60 58 62 64 48 DOWN DOWN DOWN
BIOCON 390 378 402 394 412 DOWN DOWN UP
BPCL 458 449 467 455 421 DOWN DOWN DOWN
BRITANNIA 3505 3435 3575 3469 3546 DOWN UP DOWN
CADILAHC 592 580 604 623 513 DOWN DOWN DOWN
CANBK 156 151 160 150 136 UP UP UP
CHOLAFIN 526 516 537 505 464 UP UP DOWN
CIPLA 921 903 939 950 851 DOWN UP DOWN
COALINDIA 144 140 148 146 137 DOWN DOWN UP
COFORGE 5142 5039 5245 4575 3036 UP UP UP
COLPAL 1678 1644 1711 1739 1593 DOWN DOWN UP
CONCOR 691 677 705 669 532 UP UP UP
COROMANDEL 914 896 932 888 796 UP UP UP
CUMMINSIND 860 843 878 860 726 UP DOWN UP
DABUR 599 587 611 591 537 UP UP UP
DEEPAKNTR 2061 2020 2103 1942 1356 UP UP UP
DIVISLAB 4929 4830 5028 4714 3813 UP UP UP
DLF 352 341 362 319 261 UP UP UP
DRREDDY 4702 4608 4796 5281 4995 DOWN DOWN DOWN
EICHERMOT 2603 2551 2655 2629 2569 DOWN DOWN UP
ESCORTS 1200 1176 1224 1183 1263 UP UP DOWN
EXIDEIND 176 171 181 181 186 DOWN DOWN DOWN
FEDERALBNK 87 84 90 87 75 UP DOWN UP
GAIL 143 139 147 145 132 DOWN DOWN DOWN
GLENMARK 606 594 618 645 539 DOWN DOWN DOWN
GMRINFRA 29 28 30 30 26 DOWN UP UP
GODREJCP 992 973 1012 962 767 UP UP UP
GODREJPROP 1658 1625 1691 1525 1329 UP UP UP
GRANULES 383 372 395 366 351 UP UP UP
GRASIM 1592 1560 1623 1539 1209 UP UP UP
GUJGASLTD 755 740 770 693 477 UP UP UP
HAVELLS 1185 1161 1209 1087 987 UP UP UP
HCLTECH 1035 1015 1056 992 937 UP UP UP
HDFC 2462 2413 2511 2485 2463 DOWN DOWN DOWN
HDFCAMC 2872 2814 2929 2913 2837 DOWN DOWN DOWN
HDFCBANK 1423 1394 1451 1475 1443 DOWN DOWN DOWN
HDFCLIFE 670 657 684 677 672 DOWN DOWN DOWN
HEROMOTOCO 2782 2727 2838 2860 3069 DOWN DOWN DOWN
HINDALCO 446 437 455 402 308 UP UP UP
HINDPETRO 273 265 281 278 240 DOWN UP DOWN
HINDUNILVR 2333 2286 2379 2409 2309 DOWN DOWN UP
IBULHSGFIN 287 278 296 273 213 UP UP UP
ICICIBANK 681 668 695 662 572 UP UP UP
IGL 558 546 569 556 506 UP UP UP
INDHOTEL 147 143 152 148 122 UP DOWN UP
INDIGO 1663 1630 1696 1748 1645 DOWN DOWN DOWN
INDUSINDBK 988 968 1008 1016 926 DOWN DOWN UP
INDUSTOWER 223 216 230 232 237 DOWN DOWN DOWN
INFY 1632 1599 1664 1578 1323 UP UP UP
IOC 106 102 109 106 96 DOWN DOWN DOWN
IRCTC 2469 2420 2518 2286 1712 UP UP UP
ITC 207 201 214 206 204 UP DOWN UP
JINDALSTEL 425 416 433 402 330 UP UP DOWN
JSWSTEEL 747 732 762 702 504 UP UP UP
JUBLFOOD 3734 3659 3809 3318 2841 UP UP UP
KOTAKBANK 1665 1632 1698 1717 1791 DOWN DOWN DOWN
L&TFH 90 87 93 91 88 DOWN UP DOWN
LALPATHLAB 3719 3644 3793 3486 2637 UP UP UP
LICHSGFIN 408 400 416 452 409 DOWN DOWN DOWN
LT 1614 1582 1646 1565 1352 UP UP UP
LUPIN 1124 1102 1147 1150 1058 DOWN DOWN DOWN
M&M 758 743 773 767 767 DOWN UP DOWN
MANAPPURAM 213 206 219 190 166 UP UP UP
MARICO 536 525 546 531 432 UP UP UP
MARUTI 7077 6935 7218 7309 7210 DOWN DOWN UP
MCDOWELL-N 651 638 664 656 581 UP DOWN UP
METROPOLIS 2886 2828 2943 2889 2264 UP DOWN UP
MGL 1186 1162 1210 1154 1083 DOWN UP DOWN
MINDTREE 2894 2836 2952 2673 1919 UP UP UP
MOTHERSUMI 235 227 242 238 192 UP UP UP
MRF 80421 78812 82029 81010 80249 DOWN DOWN DOWN
MUTHOOTFIN 1585 1553 1616 1553 1280 UP UP UP
NAM-INDIA 400 392 408 391 332 UP DOWN UP
NATIONALUM 95 92 98 86 56 UP UP UP
NAUKRI 5302 5196 5408 5255 4639 UP DOWN UP
NAVINFLUOR 3686 3612 3759 3794 2879 DOWN DOWN UP
NESTLEIND 17715 17360 18069 17774 17294 UP DOWN UP
NMDC 180 175 186 174 136 UP UP UP
NTPC 118 114 121 119 104 UP DOWN UP
ONGC 117 114 121 117 101 DOWN UP UP
PAGEIND 32465 31816 33115 32035 27903 UP DOWN UP
PEL 2490 2440 2540 2317 1736 UP UP UP
PETRONET 220 213 226 221 239 DOWN DOWN DOWN
PFC 134 130 138 126 116 UP UP UP
PFIZER 5911 5792 6029 5746 5096 UP UP UP
PIDILITIND 2263 2217 2308 2273 1831 UP UP UP
PIIND 3317 3250 3383 3014 2448 UP UP UP
PNB 41 39 42 40 37 DOWN UP UP
PVR 1418 1389 1446 1364 1325 DOWN UP UP
RAMCOCEM 1095 1073 1116 1087 932 UP UP UP
RBLBANK 195 189 200 208 216 DOWN DOWN DOWN
RECLTD 157 152 161 149 136 UP UP UP
RELIANCE 2073 2031 2114 2090 2035 DOWN DOWN DOWN
SAIL 140 135 144 128 84 UP UP UP
SBILIFE 1107 1085 1129 1053 914 UP UP UP
SBIN 435 426 444 429 339 UP UP UP
SHREECEM 29294 28708 29880 27910 26291 UP UP DOWN
SIEMENS 1978 1938 2018 1990 1756 DOWN DOWN UP
SRF 9005 8825 9185 7796 5951 UP UP UP
SRTRANSFIN 1376 1348 1403 1405 1234 DOWN DOWN UP
SUNPHARMA 775 760 791 692 610 UP UP UP
SUNTV 573 561 584 535 493 UP UP UP
TATACHEM 775 759 790 766 605 UP UP UP
TATACONSUM 760 744 775 765 626 UP DOWN UP
TATAMOTORS 297 288 306 307 265 DOWN DOWN DOWN
TATAPOWER 133 129 137 124 92 UP UP UP
TATASTEEL 1410 1382 1438 1271 822 UP UP UP
TCS 3219 3155 3284 3220 3043 DOWN DOWN UP
TECHM 1211 1186 1235 1102 978 UP UP UP
TITAN 1772 1736 1807 1721 1503 UP UP UP
TORNTPHARM 3076 3015 3138 3004 2695 UP UP UP
TORNTPOWER 465 456 475 469 381 UP DOWN UP
TRENT 957 937 976 907 766 UP UP UP
TVSMOTOR 572 561 584 594 559 DOWN DOWN DOWN
UBL 1441 1412 1470 1430 1212 UP UP UP
ULTRACEMCO 7642 7489 7795 7261 6036 UP UP UP
UPL 791 775 807 817 609 DOWN DOWN UP
VEDL 313 304 323 273 202 UP UP UP
VOLTAS 1054 1032 1075 1029 933 DOWN UP UP
WIPRO 592 580 604 563 446 UP UP UP
ZEEL 202 196 209 210 207 DOWN DOWN DOWN
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Wealth Creator thru Systematic Investment
Suresh Rathi
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
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.
Wealth Creator thru Systematic InvestmentSuresh Rathi
Wealth Creator thru Systematic Investment
The Navigator
…Sailing global trend
The US dollar eases amid a recovery in the risk sentiment, in anticipation of more stimulus from the US and China.
Instrument LTP S1 S2 R1 R2 Bias TRADING STRATEGY
Interweek Strategy: Establish buy positions at CMP. Targets 1849/1881
GOLD $ 1819 1789 1771 1849 1881 Neutral mark with stop at 1787.
Interweek Strategy: Establish buy positions at CMP. Targets 27.45/30.55
SILVER ($) 25.55 24.69 23.67 27.45 30.55 Neutral with stop at 24.41.
WTI CRUDE Interweek Strategy: Establish buy positions at CMP. Targets 75/77.50 and
Wealth Creator thru Systematic Investment
Suresh Rathi
71.12 71.75 68.75 75 77.5 Positive then at 79.50 zone stop at 71.60.
OIL ($ )
Interweek Strategy: Establish long positions at CMP. Targets
EUR/USD 1.1870 1.1721 1.1698 1.1929 1.2251 Neutral 1.1929/1.2251 with stop at 1.1701.
Interweek Strategy: Establish short positions at CMP. Targets 91/90 with
US Dollar Index 92.08 91.05 90.00 92.50 94.00 Negative stop at 92.65.
Overbought technical conditions prevail. Interweek Strategy: Establish
DOW JONES 34938 34551 32795 35289 36219 Positive buy positions at CMP. Targets 35289 and then aggressive targets at
36219 mark with stop at 34259.
Wealth Creator thru Systematic InvestmentSuresh Rathi Group
DISCLAIMER: This is solely for information of clients of Suresh Rathi Group 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 Suresh Rathi
Group, 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 Suresh Rathi Group 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
Suresh Rathi be contrary to recommendations issued by Suresh Rathi Group in the company research
undertaken as the recommendations stated in this report is derived purely from technical
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analysis. Suresh Rathi Group has based this document on information obtained from
sources it believes to be reliable but which it has not independently verified; Suresh Rathi
Group makes no guarantee, representation or warranty and accepts no responsibility or
Suresh Rathi Group liability as to its accuracy or completeness. The opinions contained within the report are
Wealth Creator thru Systematic Investment
Suresh Rathi
Mobile no. 9649654000 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
Email: info@sureshrathi.in summary form and have been prepared for informational purposes. The
Web: www.sureshrathi.com recommendations and suggested price levels are intended purely for trading purposes.
The recommendations are valid for the day of the report however trading trends and
volumes might vary substantially on an intraday basis and the recommendations may be
subject to change. The information and any disclosures provided herein may be
considered confidential. Any use, distribution, modification, copying, forwarding or
disclosure by any person is strictly prohibited. The information and any disclosures
provided herein do not constitute a solicitation or offer to purchase or sell any security or
other financial product or instrument. The current performance may be unaudited. Past
performance does not guarantee future returns. There can be no assurance that
investments will achieve any targeted rates of return, and there is no guarantee against
the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report)
Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No.
• Firm interest of the stock / Instrument (s): - No.
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