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Weekly Research Reports Wealth Visionaries www.kslindia.com
CONTENTS
KSL Wealth (weekly) Title Page No.
KSL Wealth (Weekly) 03-04
Top Sectors for the Week
Top Sectors for the Week 05-14
Weekly Pivot Table (Equities) 15
Weekly Pivot Table (Commodities) 16
Disclaimer 17
KSL WEALTH WEEKLY
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KSL WEALTH WEEKLY Monday
Let Your Money Grow Confidently ! 30th August, 2021
STOCKS CMP BIAS TRADING/ INVESTMENT STRATEGY
CIPLA is a leading global pharmaceutical company with presence in 80+ countries and large presence in India, South
Africa and the U.S. Cipla provides over 1,500 products across various therapeutic categories with strong positions in
respiratory, anti-retroviral, urology, cardiology, anti-infective and CNS as well as other key therapeutic segments. The
CIPLA 923 Positive positive catalysts are a robust Q1FY22 performance, better US outlook for F23, cost control, and productivity
improvement. A potential entrance exists at CMP, and on dips between 875-887 zone, targeting
1001/1057 mark and then aggressive targets at 1101 mark. Holding Period: 3-5 Months+. Stop at 867.
DABUR INDIA is India’s leading FMCG firm with focus in key consumer product categories like Hair Care, Oral Care, Health Care,
Skin Care, Home Care and Foods. Dabur is the world’s largest Ayurvedic and Natural Health Care Company with a portfolio of over
250 Herbal/Ayurvedic products. Dabur's overseas revenue accounts for over 27% of the total turnover. Building on a legacy of
DABUR INDIA 609 Positive quality and experience of over 135 years, the firm now commands a Revenues of over Rs 8,989 Crores & Market Cap of over Rs 108,135
Crores. The positive catalysts: Strong earnings quality. Focus on the Herbal segment. Accelerating healthcare growth and huge
demand for ‘immunity’ products with growth of 70% led by Chyawanprash sales doubling. Honey also grew at robust double-digit rate.
New launches as consumer become more health conscious during the pandemic. Establish longs at CMP, targeting 651 and then
at psychological 700 mark. Aggressive 15 months targets seen at 750+. Stop at 553.
Incorporated in 1973, RELIANCE INDUSTRIES now commands a market cap of Rs. 1,359,651 crores and has interest
in businesses like telecommunication, petrochemicals, synthetic fibers, fiber intermediates, textiles, retail and energy.
Despite pandemic restrictions, O2C segment benefitted from higher spreads (polymer margins up 30-40% from pre
RELIANCE INDUSTRIES 2227 Positive covid levels, albeit lower sequentially) and cost optimization while Jio performance was steady. Retail was hit by lower
footfalls but recovering economic activity augurs well for all RIL’s business segments and going ahead, downstream
focus shall create value. Simply buy at CMP, and on dips between 2100-2150 zone, targeting all-time-high at
2369 and then at psychological 2500 mark. Stop 1989. Holding Period 3-5 months.
Incorporated in 1954, SUNDARAM FINANCE services include financing commercial vehicles, passenger cars and construction
equipment, as well as specially designed working capital products such as fuel finance and tyre finance. The company also has a
diversified presence in mutual funds, housing finance, general insurance, IT, business process outsourcing, home loans, and distribution
of a wide range of financial products and services. Sundaram Finance has over 640 branches, over two lakh depositors and three lakh
SUNDRAM FINANCE 135 Positive commercial vehicle and car finance customers. The positive catalyst in favor of SUF is its conservative approach in building its loan book
during uncertain times and this should help in controlling asset quality stress. The firms’ strong underwriting practices and comfortable
capital position shall support operating performance. Buy at CMP, and on dips between 2425-2450 zone, targeting 2869 mark
and then aggressive targets at psychological 3000 mark. Stop 2321. Holding period 3-5 months.
UNITED SPIRITS LTD is a subsidiary of Diageo plc- a global leader in beverage alcohol with portfolios including brands such as
McDowells No.1, Royal Challenge, Signature, and Antiquity, among others. It also imports, manufactures and sells Diageos
iconic brands such as Johnnie Walker, VAT 69, Black & White, Smirno and Ciroc in India. The positive catalyst in favor of USL is
the YoY strong pick-up in demand amidst improved consumer sentiments and focus on newer trend of consumption at home
UNITED SPIRITS LTD 700 Positive premises. In addition, the Company holds the perpetual right to the Bangalore Franchise of Board of Control for Cricket in India -
(MC DOWELL) Indian Premier League (BCCI-IPL). Simply buy between 675-685 zone, targeting 750 mark and then aggressive
targets at all-time-high at 817 mark. Stop below 587. Holding Period: 3-5 Months.
Analyst’s Pick: CIPLA (CMP 923). Target: 1001.
Incorporated in 1935 by Dr K.A Hamied, Cipla now commands a market cap of a market cap of Rs 74,500 Crore and
is a leading global pharmaceutical company with presence in 80+ countries and large presence in India, South
Africa and the U.S.
Cipla has 46 manufacturing facilities located at various countries for manufacturing API and formulations and with
25000 plus employees. Cipla provides over 1,500 products across various therapeutic categories with strong
positions in respiratory, anti-retroviral, urology, cardiology, anti-infective and CNS as well as other key therapeutic
segments. In line with national and international standards, Cipla’s state-of-the-art manufacturing facilities are
cGMP compliant. Many a dosages forms and APIs manufactured at these facilities continue to be approved by major
international regulatory agencies including the US FDA, MHRA (UK), TGA (Australia), Federal Ministry of
HealthGermany, SAPHRA (South Africa), the Department of Health (Canada), INVIMA (Columbia) ANVISA (Brazil),
the Danish Medical Agency, WHO and Ministry of Health of various countries.
The outlook continues to be promising outlook amidst positive catalysts like:
# Base business continues to strengthen and sales momentum to continue in F22 and Indian market to return to
10-12% growth excluding COVID portfolio.
# Leadership in complex respiratory products and most importantly, the respiratory monetization in the US is gaining momentum.
# Robust COVID portfolio along with a strong chronic portfolio pipeline comprising of 165 approved ANDAs, 19 tentatively approved and 64 awaiting US FDA approval taking
cumulative total to 248 ANDAs with USFDA as of Mar 2021.
# Rich US pipeline: New launches like gAdvair, gRevlimid, gAbraxane, gBrovana and arformoterol will drive growth in the US markets in Fy23.
# Management expects FY22 EBITDA margin at ~22.5% on backdrop of new launches in the US and margins holding at current levels.
# Digital initiatives: To boost its digital footprint, a strategic investment of Rs. 40 crore was made in a rapidly growing health-tech firm.
# The balance sheet is getting healthy as has Rs29bn net cash, which it plans to utilize for strategic initiatives and dividends.
A potential entrance exists at CMP, and on dips between 875-887 zone, targeting 1001/1057 mark and then aggressive targets at 1101 mark. Holding Period:
3-5 Months+. Stop at 867.
Wealth Visionaries www.kslindia.com
Top Sectors for the Week
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Wealth Visionaries www.kslindia.com
Top Sectors for the Week Monday
30th August, 2021
Sector Analysis: Relative Strength Performance
Sectors Relative to Sensex... Outperforming stocks Underperforming stocks
Nifty Auto Index UNDERPERFORMER BALKRISHNA INDUSTRIES, MOTHERSON SUMI,
ASHOK LEYLAND MARUTI, EICHER MOTORS
Bank Nifty Index OUTPERFORMER SBI, ICICI BANK, HDFC BANK RBL BANK, BANDHAN BANK
Nifty IT Index OUTPERFORMER TECH MAHINDRA, COFORGE, 3I INFOTECH
MINDTREE, MPHASIS, TCS, SONATA
Nifty Pharma Index NEUTRAL CIPLA, SUN PHARMA, BIOCON, LUPIN,
ALKEM LAB AUROBINDO PHARMA
Nifty Metals Index OUTPERFORMER VEDANTA, TATA STEEL, COAL INDIA, NMDC,
HINDALCO NALCO
Wealth Visionaries www.kslindia.com
Top Sectors for the Week
From KSL Research Desk…
The Week That Was: Nifty ends at record high.
Sensex: 56125.
Nifty: 16,705.
After a rough start, the bulls regrouped and reversed the markets direction swiftly and pleasantly to the north as the benchmarks Nifty and Sensex scaled fresh highs at
16722.05 and 56198.13.
The positive takeaway was that the benchmarks ended on a strong positive footing and most importantly have the potential to keep powering ahead –thanks to a
recovering economy and on backdrop of long-term bullish trends.
On Wall Street, the Nasdaq and S&P 500 ended at record highs on Friday’s after Federal Reserve Chairman Jerome Powell said the central bank gradually could begin
pulling back on stimulus this year since the economy has met the Fed's criteria on progress in inflation and employment. The Fed has been buying about $120 billion a
month of Treasury securities and mortgage bonds to help prop up the economy during the pandemic. In the said speech, the Fed chief said the central bank wasn't in a
hurry to boost near-zero interest rates.
On a weekly basis, the Dow rose 0.96%, the S&P 500 added 1.52% and the Nasdaq gained 2.82%.
Back in our stock markets, Nifty Midcap 50 index was up 1.65% and NSE Smallcap Index was up 1.92%.
On the sectoral front, barring BSE Auto Index, all the other indices ended in green with BSE Oil & Gas Index, BSE Power Index gaining the most, up 5.2% and 5.1%
respectively.
Stock specific, BAJAJ FINSERV, ONGC & BAJAJ FINANCE were amongst top weekly gainers, up 8.2%, 5.5% & 4.6% respectively. On the losing side, MARUTI SUZUKI,
BHARTIARTL & TITAN lost 3.5%, 3.1% & 2.8% respectively for the week ended.
Let’s now have a look at other catalysts from last week:
# Reliance- Jio added 5.5 million subscribers to its network in June, followed by Bharti Airtel with 3.8 million users, while Vodafone Idea continued with its losing streak by
shedding another 4.3 million customers in the reporting period.
# With the Reserve Bank of India (RBI) lifting the embargo on HDFC Bank on issuing new credit cards, HDFC Bank is now looking to issue 300,000 cards per month in
the next 2-3 months. Will raise issuance to 500,000 credit cards per month beginning February 2022. Technically, the stock is expected to scale new highs.
# HCL Tech was in limelight as the stock has hit a new high of Rs 1,178 after the company said it has signed a contract with Munich Re, one of the world’s leading
reinsurers, to create a next generation digital workplace for its workforce.
# U.S FDA's full approval of the Pfizer vaccine given last week.
# Finance minister Nirmala Sitharaman launched a four-year road map for a Rs 6-lakh-crore asset monetisation plan. A large chunk of this will be through brownfield
assets of central ministries and public sector entities across roads, railways and power.
# Union Road Transport and Highways Minister Nitin Gadkari asked vehicle manufacturers to discourage production and sale of diesel engine vehicles, and urged them
to promote other technologies. The minister said he is looking forward to the industry for quick roll-out of E20-compatible vehicles. E20 is a blend of 20 per cent
ethanol and 80 per cent petrol.
# Natural gas hit a new three-year high on Friday, surging to $4.34 per million British thermal units. It was the highest price for the commodity since December 2018,
when it traded above $4.40.
# WTI Crude Oil Prices sharply rebounded 10.27% last week at $68.72 a barrel. Crude oil prices traded higher as tropical storm Ida is likely to hit the Gulf Coast.
Wealth Visionaries www.kslindia.comTop Sectors for the Week
# Gold Prices gained 2.01% last week at $1820.25 an ounce.
# Indian rupee gained 0.26% against US dollar at 74.16 for the week ended.
The Week Ahead: Nifty has the potential to keep powering towards the magical 17000 mark.
A positive start on cards as the bulls get the green light to run from a dovish Federal Reserve Chairman Jerome Powell’s critical Jackson Hole speech.
Honestly speaking, Powell’s tapering talk highlights the hesitant Fed approach. We suspect, IT, software and metal stocks are likely to be on the front foot as the U.S
dollar stumbles and drifts down.
Even in Europe, the policymakers showed no intentions of changing the ongoing policy, despite their optimism on economic progress. The positive takeaway is that the
ECB’s chief economist Philip Lane argued that it was too early to discuss the end of the financial support in the September policy meeting.
Meanwhile, concerns about the Delta variant could make markets volatile but unlikely to hamper Dalal Street’s dream run. Please note, Fed officials have indicated the
beginning of the tapering process sooner than later, but the central bank seems to be not in favour for policy tightening due to consistent virus risk to the US and the
global economy.
Technically, the price action for Nifty in near term is suggesting that we are likely to see a 16501 - 17251 range in near term with buy on dips as preferred strategy. A
bullish breakout seen on the daily charts with the backdrop of recent sequence of higher high/low intract on all-time-frames. Nifty’s 200 day EMA at 14829 mark.
The technical landscape of Nifty is showing bulls are in control.
The options data for September series suggests Nifty is likely to be in a trading range of 16500-17000 zone. Maximum Call OI is at 17000 followed by 16500 strike price.
So, the 17000 zone is Nifty’s crucial resistance zone. Maximum Put open interest stands at 16500 levels followed by 16700 levels. Call writing was seen at 17100 and then
at 17000 strike price, while there was meaningful Put writing at 16700 and then at 16600 strike prices.
Also keeping downside protected are the positive catalysts like:
1. The reopening of the economy
2. Decline in COVID cases and a pick-up in vaccination drive
3. Low interest rates environment.
4. Recent upbeat results from India Inc.
On the international front, Fed tapering are talks back on the table. So, all anxious eyes will be on the September FOMC meeting. Before that, all bullish eyes will be
on the US employment data to trickle in this week will be critical for the next monetary policy steps.
The US employment figures i:e the August Nonfarm Payroll report will trickle in on Friday, 3rd September and is expected to show 665000 new jobs added in the month.
On the economic front at home, commanding attention would be Q1FY22 GDP. The GDP numbers for the first quarter of FY22 will be released on Tuesday, 31st
August. The economic growth is expected to be robust due to a low base in a year-ago quarter.
Infrastructure output and fiscal deficit for July will also be released on Tuesday. The Markit Manufacturing PMI for August will be released on Wednesday and Markit
Services & Composite PMI data on Friday. Foreign exchange reserves for the week ended August 27 will also be released on Friday.
Auto stocks are also likely to command attention as August sales data is set to trickle in from Wednesday, 1st September. The auto index was the underperformer in the
week gone by, falling over a percent.
Bottom-line: All in all, there is room for the Nifty to scale towards the 17000 mark.
Preferred trade for the week:
# Nifty (16705): Buy at CMP, targeting 17001 mark and then at 17251-17501 zone. Strict stop at 16337.
Wealth Visionaries www.kslindia.comTop Sectors for the Week
# Bullish Sectors: FMCG, IT, METALS.
# Bearish Sectors: Auto, PSU Banks, Reality.
# BULLISH STOCKS: AARTI INDUSTRIES, BHARTI AIRTEL, DABUR, DEEPAK NITRITE, HDFC BANK, SUN PHARMA, CIPLA, MARICO, MCDOWELL, BRITANNIA, TATA
CONSUMER, PIDILITE, TATA STEEL, RELIANCE, ABFRL, ADANI PORTS.
# BEARISH STOCKS: BANDHAN BANK, BHEL, BIOCON, LUPIN, COAL INDIA, CUB, EICHER MOTORS, MARUTI, GODREJ PROPERTIES, IDEA, IDFC FIRST BANK,
INDIGO, LAL PATH LABS, METROPOLIS, RBL BANK.
IPO Note:
The primary market will see some action next week as two companies will launch their initial public offer (IPO). Specialty chemical company Ami Organics, and diagnostic
chain operator Vijaya Diagnostic Centre will open their IPOs during September 1-3.
Ami Organics plans to raise Rs 569.63 crore at the higher end of the price band of Rs 603-610 per equity share, while Vijaya Diagnostic Centre intends to garner Rs
1,895.03 crore through IPO, at the higher end of the price band of Rs 522-531 per equity share.
Before we end, our most preferred pair strategies:
# Pair Strategy: Long BALKRISHNA INDUSTRIES and Short APOLLO TYRES.
# Pair Strategy: Long ICICI BANK and Short RBL BANK.
# Pair Strategy: Long TCS and Short INFY.
# Long HINDALCO and Short COAL INDIA.
Wealth Visionaries www.kslindia.comTop Sectors for the Week
NIFTY AUTO Index vs NIFTY
• NIFTY AUTO Index: 9794: UNDERPERFOM.
• In last week's trade, Nifty Auto index was seen trading with negative bias
and ended -1.12% lower as against Nifty’s gains of 1.55%. Going
forward, we suspect the underperformance likely to continue
with aggressive downside risk at 9345 mark. Selling on any
excessive strength should be the preferred strategy. Hurdles seen at 10167
mark. Aggressive buying advised only above 10451 mark.
• Support: 9701/9345/8575.
• Resistance: 9977/10167/10451.
• Preferred Strategy on Auto Index: Establish sell positions between
10000-10100 zone, targeting 9701/9345 mark and then aggressive targets
at 9000-9101 zone with strict stop at 10677.
• Preferred Trades:
• Buy ESCORTS (CMP 1348) between 1303-1313 zone, targeting 1387-
1395 zone and then aggressive targets at psychological 1450 zone with
stop at 1271. Holding Period: 1 month.
• Buy ASHOK LEYLAND (CMP 120) between 113-117 zone, targeting 129-
133 zone and then aggressive targets at psychological 150 zone with
stop at 97. Holding Period: 2-3 months.
• Outperforming Stocks: ASHOK LEYLAND, ESCORTS, BALKRISHA
INDUSTRIES.
• Underperforming Stocks: AMARA RAJA BATTERY, BHARAT FORGE,
BOSCH, MARUTI, EICHER MOTORS, MRF, MOTHERSON SUMI,
TATA MOTORS.
PAIR Strategy: Long BALKRISHNA INDUSTRIES and Short APOLLO TYRES.
Wealth Visionaries www.kslindia.comTop Sectors for the Week
BANK NIFTY Index vs NIFTY
• BANK NIFTY Index: 35,627: OUTPERFORM.
• In last week's trade, Bank Nifty was seen consolidating and most
importantly, ended on a positive note. Bank Nifty ended 1.70% lower for
the week as against Nifty’s gains of 1.55%. The biggest key interweek
hurdles seen at 36357 mark. Please note, only a move above 36357 mark
will trigger larger advances towards 37709 and then at 38500-38900
zone. That said; expect major declines only below 33991 mark.
• Support: 34921/33991/32621.
• Resistance: 36357/37709/38987.
• Preferred Strategy on Bank Nifty Index: For this week, aggressive
traders should look to buy at CMP, targeting 36357 mark and then
aggressive targets seen at 37709-38987 zone with strict below
34501 mark.
• Preferred Trades:
• Sell BANDHAN BANK (CMP 276) between 287-293 zone, targeting
259/251 mark and then at 239-243 zone with stop at 303. Holding
Period: 1 month.
• Buy AXIS BANK (CMP 752) between 731-737 zone, targeting 769/783
mark and then at 807-821 zone with stop at 703. Holding Period:
1 month.
• Outperforming Stocks: ICICI BANK, AXIS BANK, HDFC BANK, SBI.
• Underperforming Stocks: RBL BANK, BANDHAN BANK.
PAIR Strategy: Long ICICI BANK and Short RBL BANK
Wealth Visionaries www.kslindia.comTop Sectors for the Week
NIFTY IT Index vs NIFTY
• NIFTY IT Index: 34,310: OUTPERFORM.
• In last week’s trade, Nifty IT index witnessed momentum buying on
backdrop of strong Q1 performance by leading software firms. The
sequence of higher high/low was seen all time frames. Nifty IT Index
ended up 2.87% as against Nifty’s gains of 1.55%. The near term bias
continues to remain quite positive as momentum buying likely to be the
theme despite backdrop of overbought technical conditions. Key
interweek support seen at 32951 mark.
• Support: 32951/30757/29751.
• Resistance: 35001/35575/36901.
• Preferred Strategy on IT Index: Buy on dips between 33000-33500
zone, targeting 35001 mark and then at 36501-36901 zone with strict
stop at 30501.
• Preferred Trades:
• Buy TCS (CMP 3720) on dips between 3550-3601 zone, targeting 3789
zone and then at 3900-3950 zone. Stop below 3309. Holding period: 1-
2 months.
• Buy COFORGE (CMP 5077) between 4850-4950 zone, targeting 5251
and then at 5475-5501 zone. Stop below 4489. Holding period:
2-3 months.
• Outperforming Stocks: ACCELYA, SONATA SOFTWARE, MINDTREE,
TECH MAHINDRA, COFORGE, WIPRO, OFSS, MPHASIS, TCS.
• Underperforming Stocks: 3I INFOTECH, APTECH.
PAIR Strategy: BUY TCS and Short INFY.
Wealth Visionaries www.kslindia.comTop Sectors for the Week
NIFTY PHARMA Index vs NIFTY
• NIFTY PHARMA Index: 13,949: NEUTRAL.
• In last week’s trade, amidst positive backdrop in broader markets, Nifty
Pharma index moved in green and most importantly, mirriord Nifty’s gains.
Nifty Pharma index ended 1.38% higher as against Nifty’s gains of 1.55%.
Technically, major hurdles now are seen at 14743 mark on closing basis.
Aggressive buying advised only above 14743 mark. The make-or-break
support seen at 13501 mark.
• Support: 13501/12898/12251.
• Resistance: 14743/15751/16501.
• Preferred Strategy on Healthcare Index: For this week, aggressive
traders should look to buy at CMP, targeting 14297 mark and then
aggressive targets located at 15701-15751 zone with strict stop below
13251 mark.
• Preferred Trades:
• Buy TORRENT PHARMA (CMP 3047) on dips between 2921-2951 zone,
targeting 3101 zone and then at 3200-3251 zone with stop 2627.
Holding Period: 2-3 months.
• BUY SUN PHARMA (CMP 772) on dips between 761-772 zone, targeting
801/821 mark and then at 901 zone with stop 711. Holding Period:
2-3 months.
• Outperforming Stocks: CIPLA, SUN PHARMA, TORRENT PHARMA,
DIVISLABS, ALKEIM LAB.
• Underperforming Stocks: BIOCON, AUROBINDO PHARMA, LUPIN,
WOCKHARDT.
PAIR Strategy: Long CIPLA and Short LUPIN
Wealth Visionaries www.kslindia.comTop Sectors for the Week
NIFTY METAL Index vs NIFTY
• NIFTY METAL Index: 5,335: OUTPERFORM.
• In last week’s trade, the metal index rebounded after falling hard in the
initial part of the week. Metal index ended 2.94% higher as against as
against Nifty’s gains of 1.55%. The technical landscape will shift to
negative and some more corrective declines quite likely only below 5149
mark. Downside risk seen only below 5149 mark, targeting 4853. Major
hurdles now at 5937 mark.
• Support: 5149/4853/4253.
• Resistance: 5937/6151/6557.
• Preferred Strategy on Metal Index: For this week, aggressive
traders should look to buy at CMP, targeting 5551 mark and then
aggressive targets at 5905-6001 zone. Stop 5013.
• Preferred Trades:
• Buy RATNAMANI METALS at CMP 2169, targeting 2351 mark and then
at 2575-2750 zone. Stop 1937. Holding period: 3-5 months.
• Buy SAIL (CMP 118) between 107-111 zone, targeting 131 and then at
151-155 zone. Stop 97. Holding period: 2-3 months.
• Outperforming Stocks: TATASTEEL, HINDALCO, VEDANTA, JSW
STEEL.
• Underperforming Stocks: COAL INDIA, NALCO, NMDC , ADANI
ENTERPRISES, WELCORP.
PAIR Strategy: Long VEDANTA and Short NALCO
Wealth Visionaries www.kslindia.comWEEKLY PIVOT TABLE (Equities) Monday
30th August, 2021
Stock CMP Support Resistance 21 DMA 200 DMA Intraday Short Term Long Term
NIFTY 16705 16371 17039 16350 14829 UP UP UP
BANKNIFTY 35628 34915 36340 35574 33404 UP DOWN UP
NIFTYIT 34310 33624 34996 32336 26478 UP UP UP
NIFTYMETAL 5493 5383 5603 5666 4273 DOWN DOWN UP
NIFTYPHARM 13949 13670 14228 14170 13165 DOWN DOWN DOWN
0 0
AARTIIND 927 908 945 933 731 UP DOWN UP
ABBOTINDIA 19029 18648 19409 18671 15889 DOWN UP UP
ABFRL 202 196 208 209 186 DOWN DOWN DOWN
ACC 2348 2301 2395 2329 1895 UP DOWN UP
ADANIENT 1506 1476 1536 1448 996 UP UP UP
ADANIPORTS 727 712 742 698 643 DOWN UP DOWN
ALKEM 3888 3810 3965 3635 3015 UP UP UP
AMARAJABAT 683 669 697 709 835 DOWN DOWN DOWN
AMBUJACEM 410 402 418 405 308 DOWN UP UP
APOLLOHOSP 4765 4670 4860 4350 3104 UP UP UP
APOLLOTYRE 209 203 215 219 213 DOWN DOWN DOWN
ASHOKLEY 120 117 124 128 117 DOWN DOWN DOWN
ASIANPAINT 3037 2976 3098 3008 2670 UP UP UP
AUROPHARMA 710 696 724 807 913 DOWN DOWN DOWN
AXISBANK 752 737 767 746 701 DOWN DOWN DOWN
BAJAJ-AUTO 3699 3625 3773 3778 3767 DOWN DOWN DOWN
BAJAJFINSV 16196 15872 16520 14745 10671 UP UP UP
BAJFINANCE 6967 6827 7106 6450 5459 UP UP UP
BALKRISIND 2291 2245 2337 2343 1883 DOWN DOWN UP
BANDHANBNK 276 268 284 289 335 DOWN DOWN DOWN
BANKBARODA 75 72 77 79 74 DOWN DOWN DOWN
BATAINDIA 1723 1688 1757 1691 1532 UP UP UP
BEL 185 180 191 177 142 DOWN UP UP
BERGEPAINT 786 770 802 817 757 DOWN DOWN DOWN
BHARATFORG 729 715 744 775 645 DOWN DOWN DOWN
BHARTIARTL 595 583 607 604 542 UP DOWN UP
BHEL 54 52 56 55 51 DOWN DOWN DOWN
BIOCON 347 336 357 370 407 DOWN DOWN DOWN
BPCL 471 462 481 457 431 UP UP DOWN
BRITANNIA 3942 3863 4020 3674 3560 UP UP UP
CADILAHC 551 540 562 562 525 DOWN DOWN DOWN
CANBK 152 147 156 154 142 UP DOWN UP
CHOLAFIN 525 514 535 510 486 UP UP DOWN
CIPLA 924 905 942 912 864 DOWN UP DOWN
COALINDIA 139 134 143 141 140 DOWN DOWN DOWN
COFORGE 5077 4975 5179 4910 3261 UP UP UP
COLPAL 1656 1622 1689 1664 1609 DOWN UP DOWN
CONCOR 653 640 666 666 557 UP DOWN UP
COROMANDEL 767 751 782 834 806 DOWN DOWN DOWN
CUMMINSIND 980 960 1000 945 771 UP UP UP
DABUR 609 597 621 594 544 UP DOWN UP
DEEPAKNTR 2131 2088 2174 2097 1481 UP UP UP
DIVISLAB 4911 4812 5009 4905 3974 UP DOWN UP
DLF 312 302 321 331 276 DOWN DOWN UP
DRREDDY 4601 4509 4693 4676 4965 DOWN DOWN DOWN
EICHERMOT 2576 2525 2628 2610 2610 DOWN DOWN DOWN
ESCORTS 1348 1321 1374 1247 1268 UP UP UP
EXIDEIND 158 153 162 167 187 DOWN DOWN DOWN
FEDERALBNK 78 75 81 84 78 DOWN DOWN DOWN
GAIL 144 139 148 144 137 UP DOWN DOWN
GLENMARK 517 506 527 567 546 DOWN DOWN DOWN
GMRINFRA 29 28 30 28 27 DOWN DOWN UP
GODREJCP 1054 1033 1075 1002 796 UP UP UP
GODREJPROP 1474 1444 1503 1545 1379 DOWN DOWN UP
GRANULES 331 321 341 359 349 DOWN DOWN DOWN
GRASIM 1458 1429 1487 1505 1274 DOWN DOWN UP
GUJGASLTD 711 697 725 730 517 DOWN DOWN UP
HAVELLS 1235 1210 1260 1225 1032 UP DOWN UP
HCLTECH 1163 1140 1186 1094 960 UP UP UP
HDFC 2718 2664 2773 2648 2523 UP UP UP
HDFCAMC 3030 2970 3091 2938 2896 DOWN UP DOWN
HDFCBANK 1548 1517 1579 1500 1470 UP UP UP
HDFCLIFE 704 690 718 674 681 UP UP DOWN
HEROMOTOCO 2674 2621 2728 2756 3041 DOWN DOWN DOWN
HINDALCO 438 429 447 435 331 UP UP UP
HINDPETRO 257 249 264 259 247 DOWN UP DOWN
HINDUNILVR 2678 2624 2732 2463 2341 UP UP UP
IBULHSGFIN 220 213 227 251 222 DOWN DOWN DOWN
ICICIBANK 700 686 714 695 597 UP UP UP
IGL 525 514 535 535 518 DOWN UP UP
INDHOTEL 140 136 144 142 126 UP DOWN UP
INDIGO 1777 1741 1812 1678 1675 UP UP DOWN
INDUSINDBK 990 970 1010 1009 961 DOWN DOWN UP
INDUSTOWER 216 210 223 216 240 DOWN DOWN DOWN
INFY 1709 1675 1743 1687 1376 UP UP UP
IOC 106 103 109 105 99 DOWN UP DOWN
IRCTC 2649 2596 2702 2569 1827 UP DOWN UP
ITC 206 200 212 209 208 UP DOWN UP
JINDALSTEL 372 360 383 407 349 DOWN DOWN DOWN
JSWSTEEL 678 664 691 728 542 DOWN DOWN UP
JUBLFOOD 3812 3736 3889 3782 2981 UP DOWN UP
KOTAKBANK 1714 1679 1748 1736 1816 UP DOWN DOWN
L&TFH 81 79 84 84 90 DOWN DOWN DOWN
LALPATHLAB 3825 3749 3902 3833 2785 UP UP UP
LICHSGFIN 388 376 399 395 417 DOWN DOWN DOWN
LT 1638 1605 1671 1614 1413 UP DOWN UP
LUPIN 940 921 959 1033 1063 DOWN DOWN DOWN
M&M 775 760 791 772 782 UP UP UP
MANAPPURAM 160 156 165 183 167 DOWN DOWN DOWN
MARICO 525 514 535 526 446 UP DOWN UP
MARUTI 6625 6492 6757 6932 7204 DOWN DOWN DOWN
MCDOWELL-N 700 686 714 665 595 UP UP UP
METROPOLIS 2726 2671 2781 2789 2340 DOWN DOWN UP
MGL 1132 1109 1155 1138 1112 DOWN DOWN DOWN
MINDTREE 3643 3570 3716 3063 2074 UP UP UP
MOTHERSUMI 214 208 221 223 202 DOWN DOWN DOWN
MRF 76953 75414 78493 78696 81599 DOWN DOWN DOWN
MUTHOOTFIN 1492 1462 1522 1506 1307 DOWN DOWN UP
NAM-INDIA 410 402 418 396 343 UP UP UP
NATIONALUM 85 82 88 85 61 DOWN UP DOWN
NAUKRI 5896 5778 6014 5463 4813 UP UP UP
NAVINFLUOR 3830 3753 3907 3691 3019 DOWN UP UP
NESTLEIND 19957 19558 20356 18675 17512 UP UP UP
NMDC 152 148 157 169 143 DOWN DOWN DOWN
NTPC 113 110 117 116 106 DOWN DOWN UP
ONGC 117 113 120 115 106 DOWN UP UP
PAGEIND 30859 30242 31476 31667 28920 DOWN DOWN UP
PEL 2571 2520 2623 2614 1859 UP DOWN UP
PETRONET 228 221 235 220 239 UP UP DOWN
PFC 126 123 130 129 120 DOWN DOWN UP
PFIZER 5693 5579 5807 5814 5166 UP DOWN UP
PIDILITIND 2225 2181 2270 2239 1895 UP DOWN UP
PIIND 3193 3129 3257 3144 2539 UP UP UP
PNB 36 35 37 38 38 DOWN DOWN DOWN
PVR 1324 1298 1351 1368 1343 DOWN DOWN UP
RAMCOCEM 987 967 1006 1014 951 DOWN DOWN DOWN
RBLBANK 163 158 168 175 216 DOWN DOWN DOWN
RECLTD 146 142 151 150 140 DOWN DOWN DOWN
RELIANCE 2227 2183 2272 2132 2041 UP UP UP
SAIL 118 115 122 131 93 DOWN DOWN DOWN
SBILIFE 1184 1160 1208 1136 946 UP UP UP
SBIN 412 404 421 427 359 DOWN DOWN UP
SHREECEM 26898 26360 27436 27275 26811 DOWN DOWN DOWN
SIEMENS 2222 2178 2267 2132 1835 UP UP UP
SRF 9424 9235 9612 8903 6359 UP UP UP
SRTRANSFIN 1281 1256 1307 1304 1287 DOWN DOWN DOWN
SUNPHARMA 772 756 787 774 637 UP DOWN UP
SUNTV 483 473 492 523 501 DOWN DOWN DOWN
TATACHEM 829 812 846 823 652 UP DOWN UP
TATACONSUM 848 831 865 798 655 UP UP UP
TATAMOTORS 286 277 294 294 280 DOWN DOWN DOWN
TATAPOWER 127 123 131 130 99 UP DOWN UP
TATASTEEL 1384 1356 1412 1425 914 DOWN DOWN UP
TCS 3720 3646 3795 3429 3113 UP UP UP
TECHM 1445 1416 1474 1335 1026 UP UP UP
TITAN 1823 1786 1859 1818 1559 UP DOWN UP
TORNTPHARM 3047 2986 3108 3032 2729 UP UP UP
TORNTPOWER 488 478 498 464 395 UP UP UP
TRENT 949 930 967 914 789 UP UP UP
TVSMOTOR 511 501 521 544 567 DOWN DOWN DOWN
UBL 1449 1420 1478 1429 1255 UP UP UP
ULTRACEMCO 7566 7414 7717 7524 6304 DOWN DOWN UP
UPL 729 715 744 766 636 DOWN DOWN DOWN
VEDL 293 284 301 304 220 DOWN DOWN DOWN
VOLTAS 985 966 1005 1004 960 DOWN DOWN DOWN
WIPRO 635 622 648 612 470 UP UP UP
ZEEL 171 166 176 185 207 DOWN DOWN DOWN
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
All level indicated above are based on cash market prices.
Pivot Point
PP : Pivot Point : This is trigger point for weekly buy/sell based on the price range of the previous week.
R1 : Resistance one : 1st Resistance over PP. R2 : Resistance two : 2nd Resistance over R1.
S1 : Support one : 1st support after PP. S2 : Support Two : 2nd support after S1.
As per the tool, the trader should take BUY position just above PP and keep the stop loss of PP and the first target would be R1.
If R1 is crossed then R2 becomes the next target with the stop loss at R1.
Similarly if price goes below PP the trader should SELL and keep the PP as Stop loss and the first target would be S1.
If S1 is crossed then S2 becomes the next target with the stop loss at S1.
This is a trading tool. The key to use of this tool is the use of STOP LOSS.
Wealth Visionaries www.kslindia.comWEEKLY PIVOT TABLE (Commodities) Monday
30th August, 2021
Stock CMP Support Resistance 21 DMA 200 DMA Intraday Short Term Long Term
ALUMINIUM 1 214 208 221 208 183 UP UP UP
CARDAMOM 1 1505 1475 1535 1478 2690 DOWN UP DOWN
CASTOR 1 6000 5880 6120 5786 4881 DOWN DOWN UP
CHANA 1 5311 5205 5417 5069 4962 UP UP UP
COPPER 1 718 704 732 722 684 DOWN UP DOWN
COTTON 1 26600 26068 27132 26440 22587 DOWN UP UP
CRUDEOIL 1 5062 4961 5163 5051 4525 DOWN UP DOWN
GOLD 1 47538 46587 48489 47187 47695 DOWN UP DOWN
GUARGUM5 1 9559 9368 9750 8175 6402 UP DOWN UP
GUARSEED10 1 5995 5875 6115 5020 4115 UP DOWN UP
JEERAUNJHA 1 14600 14308 14892 13705 13682 UP DOWN UP
LEAD 1 178 173 183 178 168 UP DOWN UP
MENTHAOIL 1 920 902 939 933 960 DOWN DOWN DOWN
NATURALGAS 1 322 312 331 297 224 UP UP UP
NICKEL 1 1415 1387 1444 1453 1311 DOWN DOWN UP
RMSEED 1 7994 7834 8154 7816 6507 UP UP UP
RUBBER 1 18225 17861 18590 17890 15015 UP UP UP
SILVER 1 63585 62313 64857 64066 67393 DOWN DOWN DOWN
SYBEANIDR 1 7755 7600 7910 9127 6269 DOWN DOWN DOWN
ZINC 1 249 242 256 248 229 UP UP UP
Wealth Visionaries www.kslindia.comKhandwala Securities Limited
Contact:
Khandwala Securities Limited
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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,
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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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