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TABLE OF CONTENTS

1. Coffee With Alankit

2. Financial And Economic Wrap Up

3. Indices Performance

4. Global Markets

5. Equity Market Wrap Up

6. Nifty Top 5 Gainers

7. Nifty Top 5 Losers

8. F And O Wrap Up

9. Trading Turnover

10. Institutional Flows Equity

11. Money Market Wrap Up

12. Policy Rate

13. Daily Rates

14. Mutual Fund And Insurance Wrap Up

15. Liquidity Indicators

16. Top 5 Traded G Sec

17. International Metal And Energies Wrap Up

18. Commodity Market

19. Forex Wrap Up

20. Currency Market

21. Nifty Short Term Trend

22. Technical Picks

23. Bank Nifty Calls

24. Nifty Calls


25. Options Calls

26. Technical Calls

27. Corporate Action

28. News Update

29. International Market Update

30. NSE Support And Resistance


Coffee With Alankit – Your Morning Companion

Dear Institutional Clients,

August series expired on Lethargic Note – Strong Rollover

indicates rally to continue !!! Trading for the day kicked off on a positive note on Thursday on back of positive global cues. Unlike, the general derivative expiry session, we witnessed lackluster movement throughout the session as Index was moving in the small range of 28 points for entire day. Nifty scaled 18.30 points to close at new all-time high of 7954.35 on the last day of the truncated week, while the BSE Sensex climbed 77.96 points to 26638.11. But the broader markets underperformed benchmarks with the BSE Midcap falling 0.30 percent. Even Market breadth was negative on the BSE with 1340 gainers against 1584 losers. Among BSE sectoral indices, the BSE Capital Goods index rose the most (1.43 per cent), followed by Oil & Gas 1.06 per cent, FMCG 0.74 per cent and Auto 0.25 per cent. On the other hand, Realty, Metal, IT and Healthcare indices capitulated to selling pressure and were down 1.91 per cent, 0.85 per cent, 0.57 per cent and 0.31 per cent, respectively. Stockwise, BPCL, GAIL, Asian Paints, SSLT and Tata Motors were top gainers in Nifty, up by 2.29 per cent, 2 per cent, 1.97 per cent, 1.66 per cent and 1.55 per cent respectively. Whereas, prominent losers in the Nifty include DLF that plunged 2.41 per cent, Jindal Steel 2.23 per cent, Bank of Baroda 1.76 per cent, PNB 1.35 per cent and Cipla 1.14 per cent. On global market front, US and European markets ended with gains of around 0.25 percent each. As suggested by the closing of SGX Nifty (8013) on Friday, we can expect 10-20 points gap up opening in Nifty on Monday. We have observed strong rollovers in Nifty from the August series into September; indicate that market participants continue to remain bullish. We are observing heavy OI build-up in 8000-8200 Call option and 7800-7900 Put option, which indicates Nifty to move in a range of 7850-8080 for a while. GDP data released on Friday were also in favor of the bulls as India's GDP grew at 5.7% in the first quarter of 2014-15, exceeding expectations. This was the fastest pace since the fourth quarter of FY12, while being dramatically up from the 4.6% rise recorded in the preceding quarter. Technically, Key Oscillators RSI, Stochastic and MACD are placed positively and moving well above their respective averages on both daily as well as weekly chart. Going forward, the individual stocks are likely to outperform the market. Immediate resistance for Nifty is placed at 8022 - 8060 levels. On the flipside, 7880 - 7840 would now provide a decent support for the index.

Have a splendid and profitable day with Alankit !


Financial & Economic Wrap Up

• India's economy expanded at its fastest pace in more

than two years in the April-June quarter, revitalised by a

decisive political mandate for the Narendra Modi-led BJP

and subsequent actions by his government, suggesting

that growth may be turning around at long last. India's

GDP grew at 5.7% in the first quarter of 2014-15,

exceeding expectations. This was dramatically up from

the 4.6% rise recorded in the preceding quarter. (ET)

• The fiscal deficit touched 61.2 per cent of full year Budget

Estimates or over Rs 3.24 lakh crore in end July. During

the April-July period of 2013-14 fiscal, the deficit was 62.8

per cent of Budget Estimates (BE) of that year. (ET)

• Retail inflation for industrial workers rose to 7.23 per cent

in July compared to 6.49 per cent in June this year mainly

due to rise in the price of food items, petrol, rail fare,

college fee and house rent. The food inflation stood at

8.11 per cent in July against 5.88 per cent in June and

14.10 per cent in same month of 2013. (ET)

• Country's foreign exchange reserves declined by $810.7

million to $318.579 billion for the week ended August 22,

on account of drop in foreign currency assets. Last week,

the reserves had risen by $43.3 million to $319.39 billion,

after falling for two consecutive weeks. (ET)

Equity Market Wrap Up

• The Sensex has ended with the gain of 77.96 points, 0.29

percent, at 26638.11.

• The 50-share NSE Nifty has closed with the gain of 18.30

points, 0.23 percent, at 7954.35, after making the

intraday low of 7939.20. The SX40 index of MCX-SX ended

with the gain of 39.72 points at 15691.66.

• Sectoral indices ended with mixed movement. Capital

Goods, Oil & Gas and FMCG sectors were top gainers.

Whereas, Realty, Metal and IT sector were top losers.

• Market breadth was negative on the BSE with 1340

gainers against 1584 losers.

F & O Wrap Up

• Nifty September 2014 Future was closed at 7986.40, a

discount of 32.05 points over spot closing of 7954.35.

• Turnover on NSE’s Futures & Options segment increased

from Rs 283313.96 crore to Rs 409850.99 crore.

• The Nifty Put‐Call stood at 0.96 compared to the previous

day’s figure of 1.32.

• India VIX has increased by 0.04% to close at 13.0675.

• The open interest on Nifty Futures increased by 50.81

lakhs to 1.59 crores in the previous trading session.

Financial & Economic Wrap Up

• India's economy expanded at its fastest pace in more

than two years in the April-June quarter, revitalised by a

decisive political mandate for the Narendra Modi-led BJP

and subsequent actions by his government, suggesting

that growth may be turning around at long last. India's

GDP grew at 5.7% in the first quarter of 2014-15,

exceeding expectations. This was dramatically up from

the 4.6% rise recorded in the preceding quarter. (ET)

• The fiscal deficit touched 61.2 per cent of full year Budget

Estimates or over Rs 3.24 lakh crore in end July. During

the April-July period of 2013-14 fiscal, the deficit was 62.8

per cent of Budget Estimates (BE) of that year. (ET)

• Retail inflation for industrial workers rose to 7.23 per cent

in July compared to 6.49 per cent in June this year mainly

due to rise in the price of food items, petrol, rail fare,

college fee and house rent. The food inflation stood at

8.11 per cent in July against 5.88 per cent in June and

14.10 per cent in same month of 2013. (ET)

• Country's foreign exchange reserves declined by $810.7

million to $318.579 billion for the week ended August 22,

on account of drop in foreign currency assets. Last week,

the reserves had risen by $43.3 million to $319.39 billion,

after falling for two consecutive weeks. (ET)

Equity Market Wrap Up

• The Sensex has ended with the gain of 77.96 points, 0.29

percent, at 26638.11.

• The 50-share NSE Nifty has closed with the gain of 18.30

points, 0.23 percent, at 7954.35, after making the

intraday low of 7939.20. The SX40 index of MCX-SX ended

with the gain of 39.72 points at 15691.66.

• Sectoral indices ended with mixed movement. Capital

Goods, Oil & Gas and FMCG sectors were top gainers.

Whereas, Realty, Metal and IT sector were top losers.

• Market breadth was negative on the BSE with 1340

gainers against 1584 losers.

F & O Wrap Up

• Nifty September 2014 Future was closed at 7986.40, a

discount of 32.05 points over spot closing of 7954.35.

• Turnover on NSE’s Futures & Options segment increased

from Rs 283313.96 crore to Rs 409850.99 crore.

• The Nifty Put‐Call stood at 0.96 compared to the previous

day’s figure of 1.32.

• India VIX has increased by 0.04% to close at 13.0675.

• The open interest on Nifty Futures increased by 50.81

lakhs to 1.59 crores in the previous trading session.

Indices Performance

Index 28-Aug-14 Previous Close % Change#

S&P BSE Sensex 26638.11 26560.15 0.29

CNX Nifty 7954.35 7936.05 0.23

CNX Midcap 11114.05 11159.75 -0.41

CNX 500 6360.75 6355.15 0.09

S&P BSE Smallcap 10264.45 10253.87 0.10

Global Markets


Dow Jones 17,098.45 17,079.57 0.11

Nasdaq 4,580.27 4,557.70 0.49

S&P 500 2,003.37 1,996.74 0.33

FTSE 6,819.75 6,805.80 0.20

CAC 4,381.04 4,366.04 0.34

Nifty Top 5 Gainers

Company 28-Aug-14 Previous Close % Change#

BHEL 238.3 229.15 3.99

BPCL 693.5 677.75 2.32

LT 1532.4 1503.65 1.91

DRREDDY 2975 2922.75 1.79

ONGC 435.7 428.15 1.76

Nifty Top 5 Losers


JINDALSTEL 233.2 244.2 -4.5

DLF 177.05 182.9 -3.2

TATAPOWER 86.5 88.65 -2.43

TATASTEEL 513.25 523.2 -1.9

BANKBARODA 872 887.75 -1.77

Trading Turnover

Description (Rs in Cr) 28-Aug-14 Change % Change#

NSE 20,399.51 5,600.13 37.84

BSE 3010.1 87.57 3.00

Index Fut 23,739.00 5,045.72 26.99

Stock Fut 59,218.34 9,565.24 19.26

Index Opt 310,826.04 110,619.98 55.25

Stock Opt 16,067.38 1305.85 8.85

F & O Total 409,850.99 126,537.03 44.66

Institutional Flows (Equity)

Description (Rs in Cr) Purchases Sales Net

FII Flows 6741.81 7452.44 -710.63

DII Flows 2677.78 1947.35 730.43

# % change is the over the previous days close.

Indices Performance


S&P BSE Sensex 26638.11 26560.15 0.29

CNX Nifty 7954.35 7936.05 0.23

CNX Midcap 11114.05 11159.75 -0.41

CNX 500 6360.75 6355.15 0.09

S&P BSE Smallcap 10264.45 10253.87 0.10

Global Markets


Dow Jones 17,098.45 17,079.57 0.11

Nasdaq 4,580.27 4,557.70 0.49

S&P 500 2,003.37 1,996.74 0.33

FTSE 6,819.75 6,805.80 0.20

CAC 4,381.04 4,366.04 0.34

Nifty Top 5 Gainers


BHEL 238.3 229.15 3.99

BPCL 693.5 677.75 2.32

LT 1532.4 1503.65 1.91

DRREDDY 2975 2922.75 1.79

ONGC 435.7 428.15 1.76

Nifty Top 5 Losers


JINDALSTEL 233.2 244.2 -4.5

DLF 177.05 182.9 -3.2

TATAPOWER 86.5 88.65 -2.43

TATASTEEL 513.25 523.2 -1.9

BANKBARODA 872 887.75 -1.77

Trading Turnover

Description (Rs in Cr) 28-Aug-14 Change % Change#

NSE 20,399.51 5,600.13 37.84

BSE 3010.1 87.57 3.00

Index Fut 23,739.00 5,045.72 26.99

Stock Fut 59,218.34 9,565.24 19.26

Index Opt 310,826.04 110,619.98 55.25

Stock Opt 16,067.38 1305.85 8.85

F & O Total 409,850.99 126,537.03 44.66

Institutional Flows (Equity)

Description (Rs in Cr) Purchases Sales Net

FII Flows 6741.81 7452.44 -710.63

DII Flows 2677.78 1947.35 730.43



Money Market Wrap Up

• India's benchmark 10-year bond yield ended unchanged

at 8.56 percent, ahead of critical economic growth data

due on Friday, but posted their biggest monthly gain in

three months on the back of strong foreign buying.

(Reuters)

• The benchmark five-year swap rate and the one-year rate

both ended steady at 8.04 percent and 8.45 percent

respectively. (Reuters)

• India's cash rate ended higher at 8.50/8.60 percent

against Wednesday's close of 7.00/7.10 percent.

(Reuters)

Mutual Fund & Insurance Wrap Up

• IDFC Mutual Fund has decided to roll over IDFC Fixed

Term Plan - Series 32 by 729 days. Now, the scheme will

mature on September 06, 2016. (ValueResearch)

• HSBC Mutual Fund has decided to roll over HSBC Fixed

Term Plan Series 96 by 783 days. The scheme will now

mature on October 26, 2016. The fund house also

announced dividend under the dividend option of HSBC

Fixed Term Series 96 Reg. The quantum of dividend shall

be the entire distributable surplus as on record date.

(ValueResearch)

International Metals & Energies Wrap Up

• WTI crude capped the first weekly gain in more than a

month on speculation an improving U.S. economy will

boost fuel demand. (Bloomberg)

• Iron ore extended its decline to the lowest since October

2009, posting the longest run of daily losses in two years,

on concern global supplies are topping demand just as

China’s recovery shows signs of faltering. (Bloomberg)

• Palladium futures jumped to the highest since 2001 as

supply concerns mounted amid prospects for further

sanctions against Russia, the world’s biggest producer.

(Bloomberg)

Forex Wrap Up

• The pound posted its biggest advance in eight weeks

versus the euro amid speculation the European Central

Bank will add stimulus next week even as Bank of England

policy makers debate raising interest rates. (Bloomberg)

• The euro slid for a seventh-week, the longest stretch in

more than a decade, as a report showed gains in

consumer prices in the region slowed this month.

(Bloomberg)

• Brazil’s swap rates declined to a one-month low as Latin

America’s biggest economy slipped into a recession,

adding to speculation that the central bank will limit

further increases in borrowing costs. (Bloomberg)

Money Market Wrap Up

• India's benchmark 10-year bond yield ended unchanged

at 8.56 percent, ahead of critical economic growth data

due on Friday, but posted their biggest monthly gain in

three months on the back of strong foreign buying.

(Reuters)

• The benchmark five-year swap rate and the one-year rate

both ended steady at 8.04 percent and 8.45 percent

respectively. (Reuters)

• India's cash rate ended higher at 8.50/8.60 percent

against Wednesday's close of 7.00/7.10 percent.

(Reuters)

Mutual Fund & Insurance Wrap Up

• IDFC Mutual Fund has decided to roll over IDFC Fixed

Term Plan - Series 32 by 729 days. Now, the scheme will

mature on September 06, 2016. (ValueResearch)

• HSBC Mutual Fund has decided to roll over HSBC Fixed

Term Plan Series 96 by 783 days. The scheme will now

mature on October 26, 2016. The fund house also

announced dividend under the dividend option of HSBC

Fixed Term Series 96 Reg. The quantum of dividend shall

be the entire distributable surplus as on record date.

(ValueResearch)

International Metals & Energies Wrap Up

• WTI crude capped the first weekly gain in more than a

month on speculation an improving U.S. economy will

boost fuel demand. (Bloomberg)

• Iron ore extended its decline to the lowest since October

2009, posting the longest run of daily losses in two years,

on concern global supplies are topping demand just as

China’s recovery shows signs of faltering. (Bloomberg)

• Palladium futures jumped to the highest since 2001 as

supply concerns mounted amid prospects for further

sanctions against Russia, the world’s biggest producer.

(Bloomberg)

Forex Wrap Up

• The pound posted its biggest advance in eight weeks

versus the euro amid speculation the European Central

Bank will add stimulus next week even as Bank of England

policy makers debate raising interest rates. (Bloomberg)

• The euro slid for a seventh-week, the longest stretch in

more than a decade, as a report showed gains in

consumer prices in the region slowed this month.

(Bloomberg)

• Brazil’s swap rates declined to a one-month low as Latin

America’s biggest economy slipped into a recession,

adding to speculation that the central bank will limit

further increases in borrowing costs. (Bloomberg)

Policy Rates

Key Rates (%) 28-Aug-14 1 Week Ago 1 Month Ago

Reverse Repo 7.00 7.00 7.00

Repo 8.00 8.00 8.00

CRR 4.00 4.00 4.00

SLR 22.00 22.00 22.50

Bank Rate 9.00 9.00 9.00

Daily Rates

Key Rates (%) 28-Aug-14 Previous Close % Change#

NSE MIBOR O/N 8.02 8.02 0.00

CALL 2.58 7.74 -66.67

CBLO 1.12 7.93 -85.88

OIS-1Yr 8.46 8.47 -0.12

OIS-5Yr 8.04 8.06 -0.25

Liquidity Indicators

Description (INR Cr) 28-Aug-14 1 Week Ago 1 Month Ago

Govt.Securities 22,193.00 22,536.54 25,752.14

Call Money 14903 13936 14293

CBLO 72524 82660 48999

LAF 9464 16173 27375

Treasury Bills 25,481.58 2,153.64 969.48

Top 5 traded G ‐ Sec

Security Maturity % Closing Yield % Change#

8.40% GS 2024 28-Jul-24 8.5663 0.23

8.83% GS 2023 25-Nov-23 8.71 0.16

8.60% GS 2028 2-Jun-28 8.7127 0.13

8.27% GS 2020 9-Jun-20 8.6324 2.41

8.12% GS 2020 10-Dec-20 8.7076 1.69

Commodity Market

Commodities (INR) 29-Aug-14 Gains+/Loss % Change#

Gold (10gm) 27996 -79 -0.28

Silver (1Kg) 42255 -150 -0.35

Crude Oil (1 barrel) 5831 70 1.22

Aluminium (1 Kg) 126.7 0.5 0.40

Copper (1Kg) 429.5 0.95 0.22

Currency Market

Currency 28-Aug-14 Gains+/Loss %Change#

USD/INR 60.4745 0.0067 0.01

EUR/INR 79.8620 0.2075 0.26

GBP/INR 100.3514 0.2046 0.20

JPY/INR 58.2700 0.1000 0.17


Policy Rates

Key Rates (%) 28-Aug-14 1 Week Ago 1 Month Ago

Reverse Repo 7.00 7.00 7.00

Repo 8.00 8.00 8.00

CRR 4.00 4.00 4.00

SLR 22.00 22.00 22.50

Bank Rate 9.00 9.00 9.00

Daily Rates

Key Rates (%) 28-Aug-14 Previous Close % Change#

NSE MIBOR O/N 8.02 8.02 0.00

CALL 2.58 7.74 -66.67

CBLO 1.12 7.93 -85.88

OIS-1Yr 8.46 8.47 -0.12

OIS-5Yr 8.04 8.06 -0.25

Liquidity Indicators

Description (INR Cr) 28-Aug-14 1 Week Ago 1 Month Ago

Govt.Securities 22,193.00 22,536.54 25,752.14

Call Money 14903 13936 14293

CBLO 72524 82660 48999

LAF 9464 16173 27375

Treasury Bills 25,481.58 2,153.64 969.48

Top 5 traded G ‐ Sec

Security Maturity % Closing Yield % Change#

8.40% GS 2024 28-Jul-24 8.5663 0.23

8.83% GS 2023 25-Nov-23 8.71 0.16

8.60% GS 2028 2-Jun-28 8.7127 0.13

8.27% GS 2020 9-Jun-20 8.6324 2.41

8.12% GS 2020 10-Dec-20 8.7076 1.69

Commodity Market

Commodities (INR) 29-Aug-14 Gains+/Loss % Change#

Gold (10gm) 27996 -79 -0.28

Silver (1Kg) 42255 -150 -0.35

Crude Oil (1 barrel) 5831 70 1.22

Aluminium (1 Kg) 126.7 0.5 0.40

Copper (1Kg) 429.5 0.95 0.22

Currency Market

Currency 28-Aug-14 Gains+/Loss %Change#

USD/INR 60.4745 0.0067 0.01

EUR/INR 79.8620 0.2075 0.26

GBP/INR 100.3514 0.2046 0.20

JPY/INR 58.2700 0.1000 0.17



p

.rend

o

Nifty Short Term Trend

Trading for the day kicked off on a positive note on Thursday on

back of positive global cues. Unlike, the general derivative expiry

session, we witnessed lackluster movement throughout the

session as Index was moving in the small range of 28 points for

entire day.

Technically, Nifty is heading towards the major resistance of

upward slopping trendline which is placed at 8040-8060 levels.

Harmonic pattern named as ‘Bearish AB=CD’ is still intact in daily

chart and will be confirmed below 7850 on closing basis. A close

above 8000 will negate the pattern. Key Oscillators RSI,

Stochastic and MACD are placed positively and moving well

above their respective averages on both daily as well as weekly

chart. We are observing heavy OI build-up in 8000-8200 Call

option and 7800-7900 Put option, which indicates strong

support at 7850 levels and resistance at 8080 levels for Nifty.

Going further, Stock specific movement will be there. Immediate

resistance for Nifty is placed at 8022 - 8080 levels. On the

flipside, 7880 - 7840 would now provide a decent support for

the index.

Nifty Short Term Trend

Trading for the day kicked off on a positive note on Thursday on

back of positive global cues. Unlike, the general derivative expiry

session, we witnessed lackluster movement throughout the

session as Index was moving in the small range of 28 points for

entire day.

Technically, Nifty is heading towards the major resistance of

upward slopping trendline which is placed at 8040-8060 levels.

Harmonic pattern named as ‘Bearish AB=CD’ is still intact in daily

chart and will be confirmed below 7850 on closing basis. A close

above 8000 will negate the pattern. Key Oscillators RSI,

Stochastic and MACD are placed positively and moving well

above their respective averages on both daily as well as weekly

chart. We are observing heavy OI build-up in 8000-8200 Call

option and 7800-7900 Put option, which indicates strong

support at 7850 levels and resistance at 8080 levels for Nifty.

Going further, Stock specific movement will be there. Immediate

resistance for Nifty is placed at 8022 - 8080 levels. On the

flipside, 7880 - 7840 would now provide a decent support for

the index.

Outlook for the Day

Positive

Market Indices

Sensex: 26638

Nifty: 7954

Trend

Positive

Short Term Trend Reversal

Only Below 7540

Strategy

Buy on declines

Level to watch

Support: 7880, 7840

Resistance: 8022, 8080

Technical Picks

INDUSIND BANK

WIPRO

Outlook for the Day

Positive

Market Indices

Sensex: 26638

Nifty: 7954

Trend

Positive

Short Term Trend Reversal

Only Below 7540

Strategy

Buy on declines

Level to watch

Support: 7880, 7840

Resistance: 8022, 8080

Technical Picks

INDUSIND BANK

WIPRO


Technical Picks INDUSIND BANK CASH - BUY CMP: 585.45

WIPRO CASH - BUY CMP: 565.25

The stock prices of INDUSIND BANK had given a bullish breakout in May at around 535 - 545 levels known as 'ROUNDING BOTTOM'. The said breakout was supported with good volumes and positive placement of momentum oscillators like RSI and MACD. The pattern is still active and prices are taking strong support on the breakout levels. Along with it prices have given a 'RECTANGLE CHANNEL' bullish breakout in weekly chart which is a continuation pattern. Also the prices are continuously moving in a 'HIGHER TOP HIGHER BOTTOM' price cycle which indicates strength in the bulls. Recommendation: We recommend positional

traders to go long in INDUSIND BANK CASH

at/above 591 with SL of 577 for TARGETS of

620/635.

The stock prices of INDUSIND BANK had given a bullish breakout in May at around 535 - 545 levels known as 'ROUNDING BOTTOM'. The said breakout was supported with good volumes and positive placement of momentum oscillators like RSI and MACD. The pattern is still active and prices are taking strong support on the breakout levels. Along with it prices have given a 'RECTANGLE CHANNEL' bullish breakout in weekly chart which is a continuation pattern. Also the prices are continuously moving in a 'HIGHER TOP HIGHER BOTTOM' price cycle which indicates strength in the bulls. Recommendation: We recommend positional

traders to go long in INDUSIND BANK CASH

at/above 591 with SL of 577 for TARGETS of

620/635.

As seen in the chart, stock prices of WIPRO since last three months are taking strong support on a trend line joining 'HIGHER BOTTOM' and are bouncing back sharply. Currently the prices are trading near the edge of trendline and technically it can be presumed that as long the prices sustains the support zone a strong pull back from the current levels cannot be ruled out. Since last one month the prices were trading in a narrow range of 535 - 560 but on Friday the prices gave a range breakout on the higher side with good increase in volume. The impact of the above pattern can lead prices to an upside of 585 / 610 in near term. Recommendation: Looking on the entire above scenario we recommend positional traders to go long in WIPRO CASH at/above 560 with SL of 547 for TARGETS of 585/610.

As seen in the chart, stock prices of WIPRO since last three months are taking strong support on a trend line joining 'HIGHER BOTTOM' and are bouncing back sharply. Currently the prices are trading near the edge of trendline and technically it can be presumed that as long the prices sustains the support zone a strong pull back from the current levels cannot be ruled out. Since last one month the prices were trading in a narrow range of 535 - 560 but on Friday the prices gave a range breakout on the higher side with good increase in volume. The impact of the above pattern can lead prices to an upside of 585 / 610 in near term. Recommendation: Looking on the entire above scenario we recommend positional traders to go long in WIPRO CASH at/above 560 with SL of 547 for TARGETS of 585/610.


BANKNIFTY CALLS: RANGE FOR THE DAY IS 15700 - 16080

SCRIP SIGNAL ENTRY LEVELS TARGET STOP LOSS

BANKNIFTY FUTURES BUY AT/ABOVE 15780 15990/16080/16180 15675

IF BANKNIFTY HITS 16080 AND RETRACES THEN SELL BANKNIFTY AT/BELOW 15990

BANKNIFTY FUTURES SELL AT/BELOW 15990 15815/15740/15615 16108

BANKNIFTY FUTURES IS STRONG ABOVE 15760

NIFTY CALLS FOR THE DAY: RANGE FOR THE DAY IS 7970 – 8060


NIFTY FUTURES BUY AT/ABOVE 7981 8028/8050/8080 7953

IF NIFTY FUT HITS 8060 AND RETRACES THEN SELL NIFTY FUT AT/BELOW 8035

NIFTY FUTURES SELL AT/BELOW 8035 7995/7870/7840 8065

NIFTY FUTURE IS STRONG ABOVE 7980

OPTIONS CALLS

SCRIP STRIKE

PRICE

SIGNAL ENTRY LEVELS TARGET STOP LOSS

BANKNIFTY 15800CE BUY AT/ABOVE 240 355/410/460 180

BANKNIFTY 15700PE BUY AT/ABOVE 195 270/335/390 155

NIFTY 8000CE BUY AT/ABOVE 78 125/155/190 59

NIFTY 7900PE BUY AT/ABOVE 59 81/105/140 45

ICICIBANK 1550CE BUY AT/ABOVE 36 51/63/75 29

ICICIBANK 1550PE BUY AT/ABOVE 32 47/59/71 25

INFY 3600CE BUY AT/ABOVE 69 94/110/125 54

INFY 3600PE BUY AT/ABOVE 61 86/102/116 45

RELIANCE 1000CE BUY AT/ABOVE 21 34/42/53 15

RELIANCE 1000PE BUY AT/ABOVE 18 30/38/47 12

SBIN 2450CE BUY AT/ABOVE 71 96/112/128 56

SBIN 2450PE BUY AT/ABOVE 46 62/74/89 37

TECHNICAL CALLS


INDUSIND BANK CASH BUY ONLY ABOVE 591 620/628/635 577

WIPRO CASH BUY AT/ABOVE 560 585/597/610 547

GODREJIND FUT SELL AT/BELOW 327 311/304/295 336

TATACOMM CASH BUY AT/ABOVE 369 385/392/404 361

GAIL CASH BUY AT/ABOVE 438 455/462/470 432

RELCAPITAL FUT SELL AT/BELOW 537 520/511/501 546


CORPORATE ACTION

Company Purpose Date

Gujarat Fluoro Ex-Date Dividend - Rs. 3.50 September 01, 2014

Stride Arcolab Ex-Date Dividend - Rs. 5 September 01, 2014

UBL Ex-Date Dividend - Rs. 0.90 September 01, 2014

NEWS UPDATES

BHEL bets on new business models, overseas opportunities

Faced with reduced order book and stiff competition, power equipment maker BHEL is exploring new business models

apart from scouting for overseas opportunities in Russia, Kazakhstan and other countries. BHEL is exploring new

business models with partnerships for power plant developers for upcoming UMPPs and debt financing for new projects

in partnership with financial institutions are also underway. (BS)

Reliance Industries to invest $13 billion in projects, includes new refinery

India's most valuable company, Reliance Industries, has sought the environment ministry's approval for a $13 billion

upgrade to its Jamnagar complex, including a new 400,000 barrels per day refinery, official documents showed. (BS)

NTPC may revise Katwa power capacity to 1,980 MW

NTPC Ltd remained optimistic of the super critical 1,320 MW Katwa thermal plant in West Bengal. NTPC chairman Arup

Roychoudhury said that it was planning to add one more unit of 660 mw capacity to the existing project given the

enthusiam seen from farmers to sell their land. (BS)

CoalMin asks CIL for note on expediting extraction from mines

The Coal Ministry has asked Coal India (CIL) to prepare a detailed note on ways to fast-track extraction of coal from its

mines which are explored and have got green clearance. The development comes at a time when the country is facing

acute coal shortages. (BS)

Govt to hike IFCI stake to 51%, infuse Rs 60 crore

Government plans to hike its stake in IFCI Ltd to 51% by infusing Rs 60 crore in the country's oldest financial institution.

Even though the government had a majority shareholding in the term lender, at present the stake is nearly 48% on

account of inclusion of preference share capital. (BS)

INTERNATIONAL MARKETS UPDATE

US markets

US markets ended in green Friday. S&P 500 was up by 0.33%, Dow Jones was up by 0.11% and NASDAQ was up by

0.49%.

European Markets

European markets also ended green on Friday. FTSE was up by 0.20%, CAC was up by 0.34% and DAX was up by 0.08%.


NSE (SEPTEMBER FUTURES) SUPPORT & RESISTANCE

SUPPORT LEVELS RESISTANCE LEVELS

STOCKS S3 S2 S1 PIVOT R1 R2 R3

ABIRLANUVO 1402.22 1415.78 1433.87 1447.43 1465.52 1479.08 1497.17

ACC 1466.1 1477.05 1484.75 1495.7 1503.4 1514.35 1522.05

ADANIENT 461.37 469.23 474.02 481.88 486.67 494.53 499.32

ADANIPORTS 265.87 273.68 278.07 285.88 290.27 298.08 302.47

ADANIPOWER 45.03 46.07 46.63 47.67 48.23 49.27 49.83

ALBK 108.7 110.45 112.2 113.95 115.7 117.45 119.2

AMBUJACEM 202.3 203.9 205.05 206.65 207.8 209.4 210.55

ANDHRABANK 67.12 69.38 70.62 72.88 74.12 76.38 77.62

APOLLOHOSP 1116.73 1138.12 1155.43 1176.82 1194.13 1215.52 1232.83

APOLLOTYRE 159.23 162.07 163.68 166.52 168.13 170.97 172.58

ARVIND 267.13 271.37 278.83 283.07 290.53 294.77 302.23

ASHOKLEY 35.32 35.78 36.12 36.58 36.92 37.38 37.72

ASIANPAINT 604.78 611.87 617.83 624.92 630.88 637.97 643.93

AUROPHARMA 797.48 805.87 811.53 819.92 825.58 833.97 839.63

AXISBANK 381.8 386.8 391.5 396.5 401.2 406.2 410.9

BAJAJ-AUTO 2188.92 2220.48 2239.02 2270.58 2289.12 2320.68 2339.22

BANKBARODA 833.57 850.28 860.62 877.33 887.67 904.38 914.72

BANKINDIA 264.78 269.82 273.68 278.72 282.58 287.62 291.48

BATAINDIA 1223.32 1237.53 1258.37 1272.58 1293.42 1307.63 1328.47

BHARATFORG 768.1 777 784.2 793.1 800.3 809.2 816.4

BHARTIARTL 363.6 366.05 367.85 370.3 372.1 374.55 376.35

BHEL 217.98 223.32 231.83 237.17 245.68 251.02 259.53

BIOCON 449.12 455.58 459.62 466.08 470.12 476.58 480.62

BPCL 663.22 671.28 682.77 690.83 702.32 710.38 721.87

CAIRN 319.47 321.88 323.92 326.33 328.37 330.78 332.82

CANBK 358.22 367.68 372.87 382.33 387.52 396.98 402.17

CENTURYTEX 572.87 580.68 586.77 594.58 600.67 608.48 614.57

CESC 667.13 674.12 685.03 692.02 702.93 709.92 720.83

CIPLA 499.87 503.43 508.87 512.43 517.87 521.43 526.87

COALINDIA 348.47 351.73 353.72 356.98 358.97 362.23 364.22

COLPAL 1493.65 1511.35 1523.45 1541.15 1553.25 1570.95 1583.05

CROMPGREAV 189.97 191.68 193.27 194.98 196.57 198.28 199.87

DABUR 220.4 224.05 228.2 231.85 236 239.65 243.8

DISHTV 51.95 52.7 53.2 53.95 54.45 55.2 55.7

DIVISLAB 1525.67 1537.83 1550.52 1562.68 1575.37 1587.53 1600.22

DLF 166.95 171.5 174.3 178.85 181.65 186.2 189

DRREDDY 2879.97 2898.98 2922.92 2941.93 2965.87 2984.88 3008.82

EXIDEIND 156.87 159.63 161.27 164.03 165.67 168.43 170.07

FEDERALBNK 117.1 118.6 119.7 121.2 122.3 123.8 124.9



GAIL 424.48 429.42 436.53 441.47 448.58 453.52 460.63

GLENMARK 697.87 704.33 710.57 717.03 723.27 729.73 735.97

GMRINFRA 23.62 24.08 24.72 25.18 25.82 26.28 26.92

GODREJIND 294.88 303.37 312.53 321.02 330.18 338.67 347.83

GRASIM 3314.5 3343.8 3369.4 3398.7 3424.3 3453.6 3479.2

GSKCONS 4423.63 4446.82 4488.63 4511.82 4553.63 4576.82 4618.63

HAVELLS 262.17 271.58 277.82 287.23 293.47 302.88 309.12

HCLTECH 1566.1 1593.6 1612 1639.5 1657.9 1685.4 1703.8

HDFC 1045.07 1053.83 1063.47 1072.23 1081.87 1090.63 1100.27

HDFCBANK 825.4 829.45 836.4 840.45 847.4 851.45 858.4

HDIL 85.73 87.67 89.03 90.97 92.33 94.27 95.63

HEROMOTOCO 2453.52 2513.28 2558.62 2618.38 2663.72 2723.48 2768.82

HEXAWARE 151.8 155 157.4 160.6 163 166.2 168.6

HINDALCO 164.63 167.17 168.68 171.22 172.73 175.27 176.78

HINDPETRO 442.93 448.97 453.13 459.17 463.33 469.37 473.53

HINDUNILVR 724.17 728.58 735.12 739.53 746.07 750.48 757.02

HINDZINC 160.65 162.25 164.1 165.7 167.55 169.15 171

IBREALEST 66 67.05 67.9 68.95 69.8 70.85 71.7

ICICIBANK 1526.3 1535.15 1546.15 1555 1566 1574.85 1585.85

IDBI 72.32 73.98 74.97 76.63 77.62 79.28 80.27

IDEA 153.55 155.45 158.55 160.45 163.55 165.45 168.55

IDFC 137.5 139.45 142 143.95 146.5 148.45 151

IFCI 32 32.65 33.15 33.8 34.3 34.95 35.45

IGL 356.77 362.78 370.47 376.48 384.17 390.18 397.87

INDIACEM 107.15 109.75 111.25 113.85 115.35 117.95 119.45

INDUSINDBK 572.25 575.3 580.15 583.2 588.05 591.1 595.95

INFY 3536.9 3562.05 3580.45 3605.6 3624 3649.15 3667.55

IOB 54.02 56.38 58.42 60.78 62.82 65.18 67.22

IOC 348.2 352.15 355.6 359.55 363 366.95 370.4

IRB 242.72 246.63 249.02 252.93 255.32 259.23 261.62

ITC 349.03 350.47 352.63 354.07 356.23 357.67 359.83

JINDALSTEL 211.82 221.23 227.07 236.48 242.32 251.73 257.57

JISLJALEQS 82.7 85.5 87.25 90.05 91.8 94.6 96.35

JPASSOCIAT 39.93 42.42 44.38 46.87 48.83 51.32 53.28

JPPOWER 12.77 13.38 13.77 14.38 14.77 15.38 15.77

JSWENERGY 72.53 74.12 75.08 76.67 77.63 79.22 80.18

JSWSTEEL 1219.3 1229.85 1237.1 1247.65 1254.9 1265.45 1272.7

JUBLFOOD 1233.03 1249.57 1271.83 1288.37 1310.63 1327.17 1349.43

JUSTDIAL 1549.25 1591.65 1618.95 1661.35 1688.65 1731.05 1758.35

KOTAKBANK 1013.45 1022.5 1030.15 1039.2 1046.85 1055.9 1063.55



KTKBANK 118.67 120.33 121.72 123.38 124.77 126.43 127.82

L&TFH 63.6 64.55 65.2 66.15 66.8 67.75 68.4

LICHSGFIN 298.25 300 301.2 302.95 304.15 305.9 307.1

LT 1489.87 1497.88 1510.87 1518.88 1531.87 1539.88 1552.87

LUPIN 1251.35 1263.5 1274.45 1286.6 1297.55 1309.7 1320.65

M&M 1366.28 1376.82 1392.63 1403.17 1418.98 1429.52 1445.33

M&MFIN 272.07 274.53 276.72 279.18 281.37 283.83 286.02

MARUTI 2725.03 2743.92 2765.73 2784.62 2806.43 2825.32 2847.13

MCDOWELL-N 2332.27 2358.88 2376.67 2403.28 2421.07 2447.68 2465.47

MCLEODRUSS 279.35 286.25 290.1 297 300.85 307.75 311.6

MRF 23358.83 23567.67 23812.33 24021.17 24265.83 24474.67 24719.33

NHPC 19.72 20.33 21.02 21.63 22.32 22.93 23.62

NMDC 162.37 164.88 167.22 169.73 172.07 174.58 176.92

NTPC 133.13 135.02 136.18 138.07 139.23 141.12 142.28

OFSS 3560.27 3579.63 3593.97 3613.33 3627.67 3647.03 3661.37

ONGC 412.12 418.28 426.67 432.83 441.22 447.38 455.77

ORIENTBANK 247.18 253.82 257.63 264.27 268.08 274.72 278.53

PETRONET 178.37 180.18 182.17 183.98 185.97 187.78 189.77

PFC 241.28 244.12 247.08 249.92 252.88 255.72 258.68

PNB 916.08 929.12 937.83 950.87 959.58 972.62 981.33

POWERGRID 125.68 126.77 128.03 129.12 130.38 131.47 132.73

PTC 84.38 85.12 86.13 86.87 87.88 88.62 89.63

RANBAXY 621.8 630 635.25 643.45 648.7 656.9 662.15

RCOM 111 112.6 114.2 115.8 117.4 119 120.6

RECLTD 252.93 256.87 262.58 266.52 272.23 276.17 281.88

RELCAPITAL 504.38 514.72 521.43 531.77 538.48 548.82 555.53

RELIANCE 981.62 987.43 992.57 998.38 1003.52 1009.33 1014.47

RELINFRA 674.53 682.27 690.93 698.67 707.33 715.07 723.73

RPOWER 70.57 72.33 73.42 75.18 76.27 78.03 79.12

SAIL 77.53 79.22 80.13 81.82 82.73 84.42 85.33

SBIN 2368.87 2412.43 2436.82 2480.38 2504.77 2548.33 2572.72

SIEMENS 754.47 767.23 779.47 792.23 804.47 817.23 829.47

SRTRANSFIN 874.82 887.43 895.77 908.38 916.72 929.33 937.67

SSLT 269.87 273.03 275.12 278.28 280.37 283.53 285.62

SUNPHARMA 834.65 842.65 849 857 863.35 871.35 877.7

SUNTV 317.93 327.52 339.68 349.27 361.43 371.02 383.18

SYNDIBANK 113.23 116.07 117.73 120.57 122.23 125.07 126.73

TATACHEM 365.9 369.7 373.1 376.9 380.3 384.1 387.5

TATACOMM 344.95 353.3 364 372.35 383.05 391.4 402.1

TATAGLOBAL 145.48 147.82 149.18 151.52 152.88 155.22 156.58



TATAMOTORS 513.1 517.95 521.7 526.55 530.3 535.15 538.9

TATAMTRDVR 365.37 369.68 373.37 377.68 381.37 385.68 389.37

TATAPOWER 83.22 84.78 85.72 87.28 88.22 89.78 90.72

TATASTEEL 493.55 502.95 508.05 517.45 522.55 531.95 537.05

TCS 2483.33 2501.87 2512.93 2531.47 2542.53 2561.07 2572.13

TECHM 2295.15 2312.9 2339.5 2357.25 2383.85 2401.6 2428.2

TITAN 346.97 351.98 357.37 362.38 367.77 372.78 378.17

UBL 679.7 691.2 698.8 710.3 717.9 729.4 737

UCOBANK 82.8 85.25 87.1 89.55 91.4 93.85 95.7

ULTRACEMCO 2463.73 2502.87 2526.68 2565.82 2589.63 2628.77 2652.58

UNIONBANK 193.07 197.63 203.32 207.88 213.57 218.13 223.82

UNITECH 20.62 21.03 21.37 21.78 22.12 22.53 22.87

UPL 299.4 306.7 311.35 318.65 323.3 330.6 335.25

VOLTAS 231.63 234.57 239.43 242.37 247.23 250.17 255.03

WIPRO 549.67 554.28 559.42 564.03 569.17 573.78 578.92

YESBANK 556.53 561.02 566.43 570.92 576.33 580.82 586.23

ZEEL 241.53 250.67 262.18 271.32 282.83 291.97 303.48

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