12
NIFTY 10400 IN FOCUS Support 10340 10300 Resistance 10430 10490 Stock in Focus JK LAKSHMI CEMENT Positional Pick HEROMOTOCO Intraday Pick INFRATEL Intraday Pick MANAPPURAM Institutional Equity Research MARKET LENS November 28, 2017 1 Exchange Rs Crore BSE Equity 4,087.1 BSE Derivatives 0.08 NSE Equity 27,083.8 NSE Derivatives 5,71,836.1 Indices Absolute Change Percentage Change Domestic Last Trade Change 1-D 1-Mth YTD BSE Sensex 33,724.4 45.2 0.1% 1.7% 26.7% CNX Nifty 10,399.6 9.8 0.1% 0.7% 27.0% S&P CNX 500 9,267.5 21.5 0.2% 1.8% 32.7% SENSEX 50 10,841.0 11.8 0.1% 1.2% 28.6% International Last Trade Change 1-D 1-Mth YTD DJIA 23,580.8 22.8 0.1% 0.6% 19.3% NASDAQ 6,878.5 (10.6) -0.2% 2.6% 27.8% NIKKEI 22,508.3 12.3 0.1% 2.3% 17.8% HANGSENG 29,502.7 (183.5) -0.6% 3.7% 34.1% MSCI Emerging Mkts 1,144.3 (9.9) -0.9% 3.1% 32.7% Last Trade Change 1-D 1-Mth YTD Dr. Reddy’s Lab (ADR) 35.0 (0.5) -1.3% -2.6% -22.7% Tata Motors (ADR) 32.2 (0.6) -1.7% -1.7% -6.4% Infosys (ADR) 15.5 (0.1) -0.5% 3.5% 4.7% ICICI Bank (ADR) 9.7 (0.1) -1.1% 10.0% 42.2% HDFC Bank (ADR) 97.8 (0.7) -0.7% 6.4% 61.1% Axis Bank (GDR) 43.1 1.2 2.7% 16.5% 31.4% Reliance Ind (GDR) 29.3 0.1 0.5% 2.1% 85.4% ADRs / GDRs Key Commodities Last Trade Change 1-D 1-Mth YTD Brent Crude ($/bl) 63.7 (0.1) -0.2% 5.4% 12.1% Silver ($/Oz) 17.0 (0.0) 0.0% 1.0% 7.1% Gold ($/Oz) 1,294.1 (0.5) 0.0% 1.4% 12.8% Copper LME ($/MT) 6,915.5 (64.5) -0.9% 1.7% 25.2% Aluminium LME ($/MT) 2,119.8 2.5 0.1% -1.4% 24.4% Baltic Dry 1,458.0 13.0 0.9% -5.7% 51.7% COMMODITY MARKET Last Trade Change 1-D 1-Mth YTD USD/INR 64.5 64.7 -0.3% -0.8% -5.0% EUR/INR 77.0 76.8 0.3% 1.9% 7.4% CURRENCY RATES Last Trade Change 1-D 1-Mth YTD T-Bill - 91 D 6.1 6.1 0.1% 0.3% -1.2% 10 Year G-sec Yield 7.1 7.0 0.8% 3.7% 8.3% RATES Category BUY SELL NET Prev FII 4,087.8 4,512.5 -424.8 -416.3 DII 2,902.5 2,833.1 69.4 427.6 INVESTMENT ACTIVITY (RS. CR) EXCHANGE TURNOVER HEROMOTOCO (LTP: 3663) BUY For today’s trade, long position can be initiated at 3640-3610 for target of Rs 3815 with a strict stop loss of Rs 3540. Positional Pick STOCK IN FOCUS EQUITY INDICES Intraday Picks f JK Lakshmi Cement (JKLC) surged over 4% in yesterday’s range-bound market on the expectations of likely improvement in its profitability ahead due to various measures taken by the company. f While the recent ban of petcoke usage is expected to impact JKLC’s operational performance, visible improvement in Eastern realizations and healthy demand in its key markets are likely to nullify the impact to an extent. f Considering the initiatives undertaken to improve Eastern operations profitability by means of WHRS, CPPs, conveyor belt, railway siding and SGU in Orissa are likely to aid JKLC to improve its operational performance further in ensuing quarters. f We maintain our fundamental BUY rating on the stock with a Target Price of Rs500. INFRATEL (LTP: 386) BUY For today’s trade, long position can be initiated at Rs 383-381 for target of Rs 395 with a strict stop loss of Rs 377. Traders are advised to avoid early morning whipsaw. MANAPPURAM (LTP: 107) BUY For today’s trade, long position can be initiated at Rs 106-105 for target of Rs 110 with a strict stop loss of Rs 104. Traders are advised to avoid early morning whipsaw.

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NIFTY 10400 IN FOCUS

Support 10340

10300

Resistance 10430

10490

Stock in Focus JK LAKSHMI CEMENT

Positional Pick HEROMOTOCO

Intraday Pick INFRATEL

Intraday Pick MANAPPURAM

Institutional Equity Research

MARKET LENS

November 28, 2017

1

Exchange Rs Crore

BSE Equity 4,087.1

BSE Derivatives 0.08

NSE Equity 27,083.8

NSE Derivatives 5,71,836.1

Indices Absolute Change Percentage Change

Domestic Last Trade Change 1-D 1-Mth YTD

BSE Sensex 33,724.4 45.2 0.1% 1.7% 26.7%

CNX Nifty 10,399.6 9.8 0.1% 0.7% 27.0%

S&P CNX 500 9,267.5 21.5 0.2% 1.8% 32.7%

SENSEX 50 10,841.0 11.8 0.1% 1.2% 28.6%

International Last Trade Change 1-D 1-Mth YTD

DJIA 23,580.8 22.8 0.1% 0.6% 19.3%

NASDAQ 6,878.5 (10.6) -0.2% 2.6% 27.8%

NIKKEI 22,508.3 12.3 0.1% 2.3% 17.8%

HANGSENG 29,502.7 (183.5) -0.6% 3.7% 34.1%

MSCI Emerging Mkts 1,144.3 (9.9) -0.9% 3.1% 32.7%

Last Trade Change 1-D 1-Mth YTD

Dr. Reddy’s Lab (ADR) 35.0 (0.5) -1.3% -2.6% -22.7%

Tata Motors (ADR) 32.2 (0.6) -1.7% -1.7% -6.4%

Infosys (ADR) 15.5 (0.1) -0.5% 3.5% 4.7%

ICICI Bank (ADR) 9.7 (0.1) -1.1% 10.0% 42.2%

HDFC Bank (ADR) 97.8 (0.7) -0.7% 6.4% 61.1%

Axis Bank (GDR) 43.1 1.2 2.7% 16.5% 31.4%

Reliance Ind (GDR) 29.3 0.1 0.5% 2.1% 85.4%

ADRs / GDRs

Key Commodities Last Trade Change 1-D 1-Mth YTD

Brent Crude ($/bl) 63.7 (0.1) -0.2% 5.4% 12.1%

Silver ($/Oz) 17.0 (0.0) 0.0% 1.0% 7.1%

Gold ($/Oz) 1,294.1 (0.5) 0.0% 1.4% 12.8%

Copper LME ($/MT) 6,915.5 (64.5) -0.9% 1.7% 25.2%

Aluminium LME ($/MT) 2,119.8 2.5 0.1% -1.4% 24.4%

Baltic Dry 1,458.0 13.0 0.9% -5.7% 51.7%

COMMODITY MARKET

Last Trade Change 1-D 1-Mth YTD

USD/INR 64.5 64.7 -0.3% -0.8% -5.0%

EUR/INR 77.0 76.8 0.3% 1.9% 7.4%

CURRENCY RATES

Last Trade Change 1-D 1-Mth YTD

T-Bill - 91 D 6.1 6.1 0.1% 0.3% -1.2%

10 Year G-sec Yield 7.1 7.0 0.8% 3.7% 8.3%

RATES

Category BUY SELL NET Prev

FII 4,087.8 4,512.5 -424.8 -416.3

DII 2,902.5 2,833.1 69.4 427.6

INVESTMENT ACTIVITY (RS. CR)

EXCHANGE TURNOVER

HEROMOTOCO (LTP: 3663) BUYFor today’s trade, long position can be initiated at 3640-3610 for target of Rs 3815 with a strict stop loss of Rs 3540.

Positional Pick

STOCK IN FOCUS

EQUITY INDICES

Intraday Picks

f JK Lakshmi Cement (JKLC) surged over 4% in yesterday’s range-bound market on the expectations of likely improvement in its profitability ahead due to various measures taken by the company.

f While the recent ban of petcoke usage is expected to impact JKLC’s operational performance, visible improvement in Eastern realizations and healthy demand in its key markets are likely to nullify the impact to an extent.

f Considering the initiatives undertaken to improve Eastern operations profitability by means of WHRS, CPPs, conveyor belt, railway siding and SGU in Orissa are likely to aid JKLC to improve its operational performance further in ensuing quarters.

f We maintain our fundamental BUY rating on the stock with a Target Price of Rs500.

INFRATEL (LTP: 386) BUY For today’s trade, long position can be initiated at Rs 383-381 for target of Rs 395 with a strict stop loss of Rs 377. Traders are advised to avoid early morning whipsaw.

MANAPPURAM (LTP: 107) BUYFor today’s trade, long position can be initiated at Rs 106-105 for target of Rs 110 with a strict stop loss of Rs 104. Traders are advised to avoid early morning whipsaw.

NIFTY 10400 IN FOCUS

Support 10340

10300

Resistance 10430

10490

Stock in Focus JK LAKSHMI CEMENT

Positional Pick HEROMOTOCO

Intraday Pick INFRATEL

Intraday Pick MANAPPURAM

Institutional Equity Research

MARKET LENS

November 28, 2017

2

MARKET SYNOPSIS

f Yesterday, NSE-NIFTY oscillated around its intraday support of 10,350 level after gap down opening. Later, index witnessed some volatility before intraday turnaround and finally, settled the session at 10,400 mark with the gain of 10 points.

f NSE Cash segment reported turnover of Rs27,068 crore as compared to Rs28,832 crore earlier.

f Overall market breadth remained positive, where 901 stocks advanced against 608 declined stocks.

f Positive trend was observed across all the sectoral indices during the day barring FMCG and Metal (declined by 0.3% and 0.7%), where Realty and Media emerged as top gainers with the increase of 0.9% and 2.2% respectively.

NSE-NIFTY OUTLOOK

f NSE-NIFTY begun brand new week on a stable note, where index managed to recover intraday losses and rose to 15-day closing high. From last eight trading sessions, index ended on a positive note and reported rise of 282 points or 2.8% (on closing basis). The key technical indicators are still mixed on the daily scale, our view will remain up-beat on NIFTY and we continue to believe that index will soon revisit the life-time-high of 10,490 level. However in case of any decline, index will find support at 10,300 and then at 10,100 levels.

f As for the day, support is placed at around 10,340 and then at 10,300 levels, while resistance is observed at 10,430 and then at 10,490 levels.

Technical Research

NIFTY 10400 IN FOCUS

Support 10340

10300

Resistance 10430

10490

Stock in Focus JK LAKSHMI CEMENT

Positional Pick HEROMOTOCO

Intraday Pick INFRATEL

Intraday Pick MANAPPURAM

Institutional Equity Research

MARKET LENS

November 28, 2017

3

f The stock reversed after taking support of its long-term moving average 200-day SMA with positive price action.

f Positive cross-over in the key technical indicators- Stochastic and RSI are signaling that the stock is on a verge of turnaround. Recovery in MACD is also coinciding with our view.

f As per the current daily set-up, we believe that the stock will soon resume its up-trend and will revisit its medium term averages.

f In case of any decline, recent swing low will work as key reversal point for the stock.

f Long position can be initiated at 3640-3610 for a target of Rs 3815 with a stop loss of Rs 3540.

Technical Research

Positional Pick: HEROMOTOCOCMP: 3663 | RECO: BUY | AT: 3640-3610 | TARGET: 3815 | STOP LOSS: 3540

NIFTY 10400 IN FOCUS

Support 10340

10300

Resistance 10430

10490

Stock in Focus JK LAKSHMI CEMENT

Positional Pick HEROMOTOCO

Intraday Pick INFRATEL

Intraday Pick MANAPPURAM

Institutional Equity Research

MARKET LENS

November 28, 2017

4

f Nifty traded in a narrow range of 42 points with a positive bias and momentum in midcap stocks. Nifty closed up by 41 points at 10,389 levels. Among the nifty stocks 35 stocks advanced and 15 declined during the day.

f Sectorally, Metals and PSU Banks declined by 0.5% while other sectors like FMCG, IT, Pharma and Media gained by 0.8%, average for the day.

f Broader market indices remained flat with NIFTY 100,200 and 500 to close up by 0.4% average while midcap indices and small cap indices gained by 0.5% and 0.4% respectively.

f Nifty November futures ends with 18 points premium at 10,367 mark, while on other hand, Bank Nifty November futures ended with the premium of 43 points at 25,779 mark.

f Nifty has consolidated in a range during the whole week and crossover of 10,400 levels would extend the up move to attain a new high. With derivatives expiry expect some roll over movements in individual sectors and stocks. Nifty 10,300 PE has the highest pot OI at 61 lakhs shares while on the higher side 10,500 CE have 59 lakhs shares capping the upside.

Sectoral Activity: Amongst sectoral index, Consumer and Infra remained in focus with positive momentum.

Stock Activity: Jubilant and GMR Infra observed build up in long position.

Derivatives Snapshot

TOP 5 PRICE GAINERS

Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance

TV18 BROADCAST LIMITED 55.25 9.30% 36.19% 32.28% 52 54 58

MINDTREE LIMITED 550.05 7.34% 761.75% 3.77% 526 540 565

SUZLON ENERGY LIMITED 15.00 6.01% 75.18% 2.93% 14 15 15

INDIABULLS REAL EST. LTD 220.60 5.93% 22.65% -10.22% 211 217 226

PC JEWELLER LTD 405.90 5.81% 172.84% -2.81% 390 399 415

TOP 5 PRICE LOSERS

Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance

NIIT TECHNOLOGIES LTD 640.05 -2.87% 18.52% 12.25% 629 646 658

JSW STEEL LIMITED 258.90 -2.38% 151.98% 1.11% 256 261 263

GODREJ CONSUMER PRODUCTS 950.05 -2.31% -31.89% -4.98% 936 953 968

JET AIRWAYS (INDIA) LTD. 641.20 -1.96% 37.66% -12.27% 633 645 654

KAVERI SEED CO. LTD. 551.25 -1.70% 60.34% 1.56% 546 553 558

TOP 5 OI GAINERS

Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance

TV18 BROADCAST LIMITED 55.25 9.30% 36.19% 32.28% 52 54 58

VOLTAS LTD 649.10 4.10% 326.51% 17.92% 627 640 662

NIIT TECHNOLOGIES LTD 640.05 -2.87% 18.52% 12.25% 629 646 658

DLF LIMITED 233.40 2.10% 75.45% 9.27% 229 232 236

GODFREY PHILLIPS INDIA LT 1008.40 -0.58% -3.95% 8.28% 1002 1011 1017

TOP 5 OI LOSERS

Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance

JET AIRWAYS (INDIA) LTD. 641.20 -1.96% 37.66% -12.27% 633 645 654

SYNDICATE BANK 94.50 0.00% -31.33% -11.80% 92 94 96

INDIABULLS REAL EST. LTD 220.60 5.93% 22.65% -10.22% 211 217 226

JAIN IRRIGATION SYSTEMS 117.20 3.31% 157.91% -7.84% 114 116 120

BATA INDIA LTD 752.65 1.63% -60.45% -6.99% 740 748 760

NIFTY 10400 IN FOCUS

Support 10340

10300

Resistance 10430

10490

Stock in Focus JK LAKSHMI CEMENT

Positional Pick HEROMOTOCO

Intraday Pick INFRATEL

Intraday Pick MANAPPURAM

Institutional Equity Research

MARKET LENS

November 28, 2017

5

TOP 5 “RISE IN % DEL CHG”

Stock Name LTP % Price Chg % Vol Chg %Del Chg Support Pivot Resistance

PIRAMAL ENTERPRISES LTD 2658.45 -0.13% -54.29% 524360.00% 2640 2657 2676

MINDTREE LIMITED 550.05 7.34% 761.75% 623.61% 526 540 565

JSW STEEL LIMITED 258.90 -2.38% 151.98% 320.82% 256 261 263

KAVERI SEED CO. LTD. 551.25 -1.70% 60.34% 285.64% 546 553 558

JAIN IRRIGATION SYSTEMS 117.20 3.31% 157.91% 279.02% 114 116 120

TOP 5 “DECLINE IN % DEL CHG”

Stock Name LTP % Price Chg % Vol Chg %Del Chg Support Pivot Resistance

MAX FINANCIAL SERV LTD 565.15 0.48% -56.16% -75.98% 560 565 570

V-GUARD IND LTD. 237.85 -0.23% -69.87% -75.69% 236 238 240

HERO MOTOCORP LIMITED 3663.00 0.27% -55.69% -74.72% 3639 3655 3678

BHARAT FIN INCLUSION LTD 986.45 -0.40% -62.71% -74.65% 978 985 993

UJJIVAN FIN. SERVC. LTD. 409.20 -1.40% -73.48% -74.21% 406 410 413

SECTORAL ACTIVITY

Value Average of OI Average of Price Total Average of

Total OI Change % Change % Volume Volume Change %

Consumer Discretionary 778845240 0.68% 1.06% 168270569 25.09%

Consumer Staples 245846800 0.25% 0.08% 13774755 0.72%

Energy 325838471 1.45% -0.01% 30129778 9.75%

Financials 2246816771 0.82% 0.41% 147964661 -0.34%

Health Care 255609800 -0.59% 0.24% 25613283 7.91%

Industrials 264826250 1.71% -0.09% 23368221 1.77%

Information Technology 169861600 0.95% 0.61% 18765379 52.54%

Materials 1493111550 0.23% 0.36% 189121654 23.74%

Telecommunication Services 367852500 -0.09% 0.30% 51037182 -4.31%

Utilities 1353819850 1.86% 1.80% 135062670 55.57%

Grand Total 7502428832 0.71% 0.55% 803108152 16.53%

Derivatives Snapshot

NIFTY 10400 IN FOCUS

Support 10340

10300

Resistance 10430

10490

Stock in Focus JK LAKSHMI CEMENT

Positional Pick HEROMOTOCO

Intraday Pick INFRATEL

Intraday Pick MANAPPURAM

Institutional Equity Research

MARKET LENS

November 28, 2017

6

Pivot TableName LTP Support 2 Support 1 Pivot Resistance 1 Resistance 2 Nifty 50 10399.6 10315.4 10357.5 10382.3 10424.4 10449.3Nifty Bank 25892.0 25574.1 25733.0 25832.4 25991.4 26090.8ADANI PORT & SEZ LTD 399.5 394.2 396.8 400.7 403.3 407.2AMBUJA CEMENTS LTD 262.4 259.0 260.7 263.4 265.1 267.7ASIAN PAINTS LIMITED 1156.5 1140.3 1148.4 1154.2 1162.3 1168.1AUROBINDO PHARMA LTD 719.5 704.1 711.8 717.8 725.4 731.4AXIS BANK LIMITED 559.4 533.2 546.3 554.1 567.2 575.0BAJAJ AUTO LIMITED 3271.4 3238.8 3255.1 3272.1 3288.4 3305.3BAJAJ FINANCE LIMITED 1773.3 1754.9 1764.1 1774.2 1783.4 1793.5BHARTI AIRTEL LIMITED 498.0 487.5 492.7 496.3 501.5 505.1BOSCH LIMITED 18929.6 18668.9 18799.2 18932.8 19063.2 19196.8BHARAT PETROLEUM CORP LT 508.5 497.8 503.1 506.8 512.2 515.9CIPLA LTD 614.8 606.4 610.6 615.3 619.5 624.1COAL INDIA LTD 271.7 268.1 269.9 271.1 272.9 274.2DR. REDDY’S LABORATORIES 2294.8 2268.5 2281.6 2293.7 2306.9 2319.0EICHER MOTORS LTD 30755.7 30445.0 30600.3 30849.7 31005.0 31254.4GAIL (INDIA) LTD 467.5 459.2 463.3 466.5 470.7 473.9HCL TECHNOLOGIES LTD 860.7 849.0 854.9 858.9 864.8 868.8HDFC LTD 1711.0 1693.4 1702.2 1708.4 1717.2 1723.3HDFC BANK LTD 1857.6 1838.7 1848.1 1855.1 1864.5 1871.5HERO MOTOCORP LIMITED 3663.0 3615.7 3639.4 3654.7 3678.3 3693.6HINDALCO INDUSTRIES LTD 249.7 243.8 246.7 250.2 253.1 256.6HINDUSTAN PETROLEUM CORP 423.7 415.6 419.7 424.1 428.1 432.5HINDUSTAN UNILEVER LTD. 1260.3 1242.9 1251.6 1259.3 1268.0 1275.6INDIABULLS HSG FIN LTD 1181.2 1156.7 1169.0 1176.5 1188.7 1196.2ICICI BANK LTD. 317.0 311.3 314.1 316.4 319.2 321.5INDUSIND BANK LIMITED 1660.6 1637.4 1649.0 1660.4 1672.0 1683.3BHARTI INFRATEL LTD. 386.6 374.9 380.8 384.2 390.1 393.5INFOSYS LIMITED 998.8 986.2 992.5 999.6 1005.9 1013.0INDIAN OIL CORP LTD 392.6 385.2 388.9 392.3 396.0 399.5ITC LTD 259.3 255.8 257.5 259.0 260.7 262.2KOTAK MAHINDRA BANK LTD 1036.5 1015.7 1026.1 1033.9 1044.3 1052.1LARSEN & TOUBRO LTD. 1224.8 1205.6 1215.2 1224.6 1234.2 1243.6LUPIN LIMITED 831.5 824.6 828.0 831.4 834.9 838.3MAHINDRA & MAHINDRA LTD 1431.0 1414.4 1422.7 1433.4 1441.7 1452.3MARUTI SUZUKI INDIA LTD. 8508.6 8413.4 8461.0 8492.6 8540.2 8571.8NTPC LTD 186.4 177.0 181.7 184.3 188.9 191.5OIL AND NATURAL GAS CORP. 184.1 180.5 182.3 183.4 185.2 186.3POWER GRID CORP. LTD. 210.2 206.2 208.2 210.0 212.0 213.9RELIANCE INDUSTRIES LTD 951.4 937.5 944.4 951.0 957.9 964.5STATE BANK OF INDIA 335.7 324.6 330.1 333.6 339.1 342.5SUN PHARMACEUTICAL IND L 551.6 532.3 541.9 547.9 557.6 563.6TATA MOTORS LIMITED 421.4 414.4 417.9 421.3 424.8 428.3TATA STEEL LIMITED 702.6 693.6 698.1 703.5 708.0 713.5TATA CONSULTANCY SERV LT 2685.9 2647.6 2666.7 2681.3 2700.4 2715.0TECH MAHINDRA LIMITED 498.8 487.7 493.2 496.6 502.1 505.5ULTRATECH CEMENT LIMITED 4272.0 4174.3 4223.2 4254.0 4302.9 4333.7UPL LIMITED 755.3 732.1 743.7 751.8 763.4 771.4VEDANTA LIMITED 305.3 298.5 301.9 305.4 308.7 312.2WIPRO LTD 294.8 289.4 292.1 293.7 296.4 298.1YES BANK LIMITED 315.3 307.1 311.2 313.6 317.7 320.1ZEE ENTERTAINMENT ENT LTD 575.3 548.0 561.6 570.8 584.4 593.6

NIFTY 10400 IN FOCUS

Support 10340

10300

Resistance 10430

10490

Stock in Focus JK LAKSHMI CEMENT

Positional Pick HEROMOTOCO

Intraday Pick INFRATEL

Intraday Pick MANAPPURAM

Institutional Equity Research

MARKET LENS

November 28, 2017

7

Scrip Name Close Rate 20-SMA 50-SMA 100-SMA 200-SMA HIGH_52WEEK LOW_52WEEK

NIFTY 10399.6 10326.1 10172.2 10040.5 9650.0 10490.5 7893.8BANK NIFTY 25892.0 25508.6 24871.3 24591.5 23304.8 25931.9 17606.9SENSEX 50 10841.0 10753.5 10577.1 10431.8 10003.3 10884.8 8144.6ACC 1693.3 1760.1 1747.0 1754.2 1646.5 1870.0 1269.6ADANIPORTS 399.5 417.7 407.3 397.8 366.0 443.3 257.3AMBUJACEM 262.4 272.5 274.5 272.6 256.3 291.5 197.0ASIANPAINT 1156.5 1169.8 1178.7 1169.0 1127.5 1262.0 849.6AUROPHARMA 719.5 738.2 737.4 732.2 686.5 809.5 503.1AXISBANK 559.4 540.7 517.0 512.4 508.8 564.6 424.4BAJAJ-AUTO 3271.4 3238.4 3186.2 3007.4 2927.5 3348.0 2551.0BANKBARODA 175.4 174.1 157.3 154.8 164.1 206.7 133.5BHARTIARTL 498.0 506.2 456.3 434.6 397.1 564.8 288.7BHEL 92.1 92.3 89.0 89.5 97.6 121.8 77.4BOSCHLTD 18929.6 19978.0 20787.8 21994.2 22504.9 25240.0 18802.5BPCL 508.5 515.4 503.6 496.9 476.6 551.6 389.2CIPLA 614.8 616.3 601.0 581.1 573.8 663.4 480.2COALINDIA 271.7 278.9 277.0 263.0 273.8 332.3 233.7DRREDDY 2294.8 2350.2 2359.4 2346.5 2518.0 3247.3 1901.2EICHERMOT 30755.7 30803.9 31226.5 30789.2 28554.6 33480.0 20000.0GAIL 467.5 460.4 442.7 410.6 399.4 479.4 308.0GRASIM 1194.7 1221.2 1188.9 1152.2 1034.5 1300.0 667.4HCLTECH 860.7 856.0 879.0 875.0 860.2 943.8 771.1HDFC 1711.0 1715.9 1733.6 1726.0 1619.3 1804.0 1183.2HDFCBANK 1857.6 1827.6 1824.1 1786.9 1646.8 1879.6 1163.6HEROMOTOCO 3663.0 3673.9 3739.3 3794.5 3610.4 4092.0 2958.0HINDALCO 249.7 261.9 257.1 241.3 216.8 278.6 147.9HINDUNILVR 1260.3 1261.5 1248.0 1211.2 1087.3 1315.0 782.0ICICIBANK 317.0 315.4 293.7 295.2 281.1 332.4 224.3IDEA 96.1 97.6 88.4 88.4 89.9 123.5 66.3INDUSINDBK 1660.6 1645.6 1674.6 1652.2 1534.4 1804.0 1037.0INFRATEL 386.6 404.2 412.2 402.9 375.1 482.8 281.8INFY 998.8 957.8 934.7 942.2 957.8 1044.0 860.0ITC 259.3 260.8 264.1 277.4 281.8 367.7 222.0KOTAKBANK 1036.5 1017.5 1028.2 1007.8 951.2 1115.1 692.5LT 1224.8 1222.8 1190.2 1175.0 1137.1 1275.0 868.3LUPIN 831.5 884.4 969.8 1001.3 1162.6 1573.6 818.5M&M 1431.0 1391.3 1345.2 1357.5 1344.1 1459.0 1141.4MARUTI 8508.6 8287.0 8078.7 7871.4 7199.4 8540.0 4833.0NTPC 186.4 179.4 175.6 171.9 167.0 188.0 153.2ONGC 184.1 185.9 177.2 169.7 176.1 211.8 155.2POWERGRID 210.2 209.4 209.4 213.5 207.9 226.6 176.6RELIANCE 951.4 919.6 883.6 836.8 745.1 959.5 492.1SBIN 335.7 326.3 289.0 287.8 285.7 351.3 241.1SUNPHARMA 551.6 535.5 528.9 522.8 576.1 731.0 432.7TATAMOTORS 421.4 429.5 423.2 419.4 439.4 552.0 358.5TATAPOWER 95.3 86.9 83.6 82.3 82.7 95.8 70.1TATASTEEL 702.6 700.8 692.6 647.1 565.2 735.0 377.4TCS 2685.9 2688.7 2585.9 2529.6 2481.3 2777.4 2145.7TECHM 498.8 484.9 470.7 439.5 440.1 515.3 356.7ULTRACEMCO 4272.0 4320.9 4172.8 4127.5 4084.0 4533.1 3050.0WIPRO 294.8 296.8 293.0 289.0 270.9 308.8 222.7YESBANK 315.3 310.7 338.7 340.0 319.8 382.9 218.1ZEEL 575.3 543.8 531.2 528.1 523.2 580.0 427.7

Simple Moving Average

NIFTY 10400 IN FOCUS

Support 10340

10300

Resistance 10430

10490

Stock in Focus JK LAKSHMI CEMENT

Positional Pick HEROMOTOCO

Intraday Pick INFRATEL

Intraday Pick MANAPPURAM

Institutional Equity Research

MARKET LENS

November 28, 2017

8

Bulk Deals SnapshotDeal Date Scrip Code Company Client Name Deal Type* Quantity Price 27/11/2017 511706 ACTIONFI NITIN JOHARI S 75,000 9.7

27/11/2017 511589 AVONMORE BALBIR KUMAR S 125,000 25.15

27/11/2017 524332 BCL SARVA PRIYA EXPORTS PRIVATE LIMITED S 220,543 137.2

27/11/2017 533267 CANTABIL SEMINARY TIE UP PVT LTD S 158,358 75.13

27/11/2017 539770 DARJEELING SHASHIKANT CHINUBHAI KAPADIA B 16,250 12.9

27/11/2017 539770 DARJEELING GAGANBASE VINCOM PRIVATE LIMITED S 15,750 12.9

27/11/2017 539884 DARSHANORNA KANCHANBEN PRAVINBHAI SHETH B 36,000 109.77

27/11/2017 539884 DARSHANORNA VIVIDOFFSET PRINTERS PRIVATELIMITED S 48,000 112.43

27/11/2017 511451 DHARFIN VISHAL KUMAR BHAUKA B 25,000 11.16

27/11/2017 511451 DHARFIN SANOTSH KUMAR KHEMKA S 35,000 11.16

27/11/2017 526717 GOPALA ASHIT MAHENDRA MEHTA B 115,000 129.83

27/11/2017 526717 GOPALA MANISH SOMANI S 57,110 130

27/11/2017 526717 GOPALA MAHENDRAKUMAR SOMANI S 90,000 130

27/11/2017 539216 JUNCTION SHEFALI TREHAN S 20,000 24.6

27/11/2017 532067 KILPEST ANKUSH KEDIA B 39,278 116.35

27/11/2017 532067 KILPEST LENUS FINVEST PRIVATE LIMITED S 75,000 116.35

27/11/2017 538547 OASIS VIVIDOFFSET PRINTERS PRIVATELIMITED S 48,000 70

27/11/2017 538547 OASIS VIVIDOFFSET PRINTERS PRIVATELIMITED B 111,099 68.79

27/11/2017 538547 OASIS KANCHANBEN PRAVINBHAI SHETH S 60,000 69.5

27/11/2017 538860 PANAFIC HIMGIRI INFRABUILD PRIVATE LIMITED S 325,007 1.52

27/11/2017 538860 PANAFIC HIMGIRI INFRABUILD PRIVATE LIMITED B 438,362 1.51

27/11/2017 538860 PANAFIC VIMALCHAND KARAMCHAND RANKA S 501,565 1.51

27/11/2017 538646 PARNAMI SINGI B 158,200 9.35

27/11/2017 538646 PARNAMI PAWAN KUMAR AGARWAL S 17,400 9.35

27/11/2017 538646 PARNAMI ANSHUL AGARWAL S 26,000 9.35

27/11/2017 538646 PARNAMI NEEL SHANKAR HARLALKA S 25,000 9.35

27/11/2017 538646 PARNAMI UNISHIRE URBAN INFRA LIMITED S 31,000 9.35

27/11/2017 500355 RALLIS FRANKLIN TEMPLETON MUTUAL FUND B 1,781,405 230

27/11/2017 540786 SHARIKA AS FINALYSIS VENTURES LLP B 111,000 50.96

27/11/2017 540786 SHARIKA CHANDARANA INTERMEDIARIES BROKERS PRIVATE LIMITED B 63,000 50.51

27/11/2017 540786 SHARIKA MANOJ KUMAR MEHTA S 81,000 51.6

27/11/2017 540786 SHARIKA MANOJ KUMAR MEHTA B 81,000 51.6

27/11/2017 537954 SKP HARPREET PARASHAR S 95,000 37.51

27/11/2017 537954 SKP BHAVIN NATWARLAL PANCHAL B 141,000 37.5

27/11/2017 537954 SKP VIJU B JAIN S 50,560 37.5

27/11/2017 536738 STELLAR INDIA FINSEC LIMITED S 270,000 3.69

27/11/2017 532348 SUBEX UNO METALS LIMITED S 2,880,000 8.28

27/11/2017 539141 UFO SBI MUTUAL FUND B 472,000 458.05

27/11/2017 539141 UFO SBI MUTUAL FUND S 672,097 458.05*B - Buy, S - Sell, ** = Weighted Average Trade Price / Trade Price

NIFTY 10400 IN FOCUS

Support 10340

10300

Resistance 10430

10490

Stock in Focus JK LAKSHMI CEMENT

Positional Pick HEROMOTOCO

Intraday Pick INFRATEL

Intraday Pick MANAPPURAM

Institutional Equity Research

MARKET LENS

November 28, 2017

9

Monthly Economic CalendarDate Time Country Event Period Prior

28-Nov-17 UK GDP QoQ 3Q P 0.4%

28-Nov-17 UK GDP YoY 3Q P 1.5%

28-Nov-17 US Conf. Board Consumer Confidence Nov --

29-Nov-17 US GDP Annualized QoQ 3Q S 3.0%

30-Nov-17 JN Industrial Production MoM Oct P --

30-Nov-17 HK Retail Sales Value YoY Oct --

30-Nov-17 US Initial Jobless Claims 25-Nov --

30-Nov-17 IN Fiscal Deficit INR Crore Oct --

30-Nov-17 IN GVA YoY 3Q 5.6%

30-Nov-17 IN GDP YoY 3Q 5.7%

1-Dec-17 JN Jobless Rate Oct 2.8%

1-Dec-17 US ISM Manufacturing Nov --

4-Dec-17 US Durable Goods Orders Oct F --

5-Dec-17 AU RBA Cash Rate Target 5-Dec --

5-Dec-17 EC GDP SA QoQ 3Q F --

5-Dec-17 IN Nikkei India PMI Composite Nov --

6-Dec-17 AU GDP SA QoQ 3Q 0.8%

6-Dec-17 IN RBI Repurchase Rate 6-Dec 6.0%

6-Dec-17 IN RBI Reverse Repo Rate 6-Dec 5.8%

6-Dec-17 IN RBI Cash Reserve Ratio 6-Dec 4.0%

7-Dec-17 US Initial Jobless Claims 2-Dec --

8-Dec-17 JN GDP SA QoQ 3Q F --

8-Dec-17 JN GDP Annualized SA QoQ 3Q F --

8-Dec-17 US Change in Nonfarm Payrolls Nov --

8-Dec-17 US U. of Mich. Sentiment Dec P --

8-Dec-17 IN Trade Balance Nov --

8-Dec-17 IN Exports YoY Nov --

8-Dec-17 IN Imports YoY Nov --

9-Dec-17 CH CPI YoY Nov --

11-Dec-17 IN BoP Current Account Balance 3Q -$14.30b

NIFTY 10400 IN FOCUS

Support 10340

10300

Resistance 10430

10490

Stock in Focus JK LAKSHMI CEMENT

Positional Pick HEROMOTOCO

Intraday Pick INFRATEL

Intraday Pick MANAPPURAM

Institutional Equity Research

MARKET LENS

November 28, 2017

10

Corporate Actions

Ex-Dividend

Company Name Ex-Date Purpose

Sadbhav Infrastructure Project Limited 28-Nov-17 Interim Dividend - Re 0.20 Per Share

CARE Ratings Limited 28-Nov-17 Interim Dividend - Rs 6/- Per Share

Mayur Uniquoters Ltd 29-Nov-17 Interim Dividend - Re 0.25 Per Share

Mayur Uniquoters Ltd 29-Nov-17 Buyback

Future Retail Limited 29-Nov-17 Scheme Of Arrangement

Optiemus Infracom Limited 29-Nov-17 Annual General Meeting

The New India Assurance Company Limited 29-Nov-17 Interim Dividend - Rs 3.75 Per Share

Siyaram Silk Mills Limited 4-Dec-17 Interim Dividend

NRC Limited 4-Dec-17 Annual General Meeting

Monsanto India Limited 5-Dec-17 Interim Dividend - Rs 15/- Per Share

Result Calendar

Company Name Board Meeting Date Purpose

ADF Foods Limited 28-Nov-17 Results

Adhunik Industries Limited 28-Nov-17 Results

Assam Company India Limited 28-Nov-17 Results

Diamond Power Infra Ltd 28-Nov-17 Board Meeting Adjourned

IL&FS Engineering and Construction Company Limited 28-Nov-17 Results

IVP Limited 28-Nov-17 Results

National Steel And Agro Industries Limited 28-Nov-17 Results

Ortel Communications Limited 28-Nov-17 Results/Others

Precot Meridian Limited 28-Nov-17 Results

R.P.P. Infra Projects Limited 28-Nov-17 Results/Others

Rainbow Papers Limited 28-Nov-17 Results/Others

Walchandnagar Industries Limited 28-Nov-17 Results/Others

Atlas Cycles (Haryana) Limited 29-Nov-17 Results

Genus Paper & Boards Limited 29-Nov-17 Results

Indo Tech Transformers Limited 29-Nov-17 Results

Kakatiya Cement Sugar & Industries Limited 29-Nov-17 Results

Kamdhenu Limited 29-Nov-17 Results

Mukta Arts Limited 29-Nov-17 Results

Prakash Steelage Limited 29-Nov-17 Results/Others

Premier Explosives Limited 29-Nov-17 Results

Tara Jewels Limited 29-Nov-17 Results/Others

TIPS Industries Limited 29-Nov-17 Results

Tribhovandas Bhimji Zaveri Limited 29-Nov-17 Results/Others

Advani Hotels & Resorts (India) Limited 30-Nov-17 Results/Dividend

Archies Limited 30-Nov-17 Results

Bliss GVS Pharma Limited 30-Nov-17 Results

Cerebra Integrated Technologies Limited 30-Nov-17 Results

Datamatics Global Services Limited 30-Nov-17 Results

NIFTY 10400 IN FOCUS

Support 10340

10300

Resistance 10430

10490

Stock in Focus JK LAKSHMI CEMENT

Positional Pick HEROMOTOCO

Intraday Pick INFRATEL

Intraday Pick MANAPPURAM

Institutional Equity Research

MARKET LENS

November 28, 2017

11

Result Calendar

Company Name Board Meeting Date Purpose

KCP Limited 30-Nov-17 Results

Orbit Exports Limited 30-Nov-17 Results

Orbit Exports Limited 30-Nov-17 Results

Shreyans Industries Limited 30-Nov-17 Results

UFO Moviez India Limited 30-Nov-17 Results

8K Miles Software Services Limited 1-Dec-17 Results/Others

Bhagyanagar India Limited 1-Dec-17 Results

Bhagyanagar Properties Limited 1-Dec-17 Results

Keynote Corporate Services Limited 1-Dec-17 Results

Mahindra Logistics Limited 1-Dec-17 Results

Setco Automotive Limited 1-Dec-17 Results

Surana Solar Limited 1-Dec-17 Results

Surana Telecom and Power Limited 1-Dec-17 Results

Vimta Labs Limited 1-Dec-17 Results

Atul Auto Limited 2-Dec-17 Results/Dividend

Eon Electric Limited 2-Dec-17 Results

Integra Garments and Textiles Limited 2-Dec-17 Results/Others

Mazda Limited 2-Dec-17 Results

NCL Industries Limited 2-Dec-17 Results

NCL Industries Limited 2-Dec-17 Results

Rico Auto Industries Limited 2-Dec-17 Results

The Hi-Tech Gears Limited 2-Dec-17 Results/Others

TIL Limited 2-Dec-17 Results/Others

Alphageo (India) Limited 4-Dec-17 Results

Fiem Industries Limited 4-Dec-17 Results

GOCL Corporation Limited 4-Dec-17 Results

GPT Infraprojects Limited 4-Dec-17 Results/Dividend

Lumax Auto Technologies Limited 4-Dec-17 Results

Norben Tea & Exports Limited 4-Dec-17 Results/Others

Shirpur Gold Refinery Limited 4-Dec-17 Results

Shree Pushkar Chemicals & Fertilisers Limited 4-Dec-17 Results

Southern Petrochemicals Industries Corporation Limited 4-Dec-17 Results

Harrisons Malayalam Limited 5-Dec-17 Results

HOV Services Limited 5-Dec-17 Results

Lux Industries Limited 5-Dec-17 Results

Manali Petrochemicals Limited 5-Dec-17 Results

Orient Bell Limited 5-Dec-17 Results

Plastiblends India Limited 5-Dec-17 Results

Rane Holdings Limited 5-Dec-17 Results

Ruchi Infrastructure Limited 5-Dec-17 Results

Ador Welding Limited 6-Dec-17 Results/Others

Centum Electronics Limited 6-Dec-17 Results

Pokarna Limited 6-Dec-17 Results

NIFTY 10400 IN FOCUS

Support 10340

10300

Resistance 10430

10490

Stock in Focus JK LAKSHMI CEMENT

Positional Pick HEROMOTOCO

Intraday Pick INFRATEL

Intraday Pick MANAPPURAM

Institutional Equity Research

MARKET LENS

November 28, 2017

12

Reliance Securities Limited (RSL), the broking arm of Reliance Capital is one of the India’s leading retail broking houses. Reliance Capital is amongst India’s leading and most valuable financial services companies in the private sector. Reliance Capital has interests in asset management and mutual funds, life and general insurance, commercial finance, equities and commodities broking, wealth management services, distribution of financial products, private equity, asset reconstruction, proprietary investments and other activities in financial services. The list of associates of RSL is available on the website www.reliancecapital.co.in. RSL is registered as a Research Analyst under SEBI (Research Analyst) Regulations, 2014

General Disclaimers: This Research Report (hereinafter called ‘Report’) is prepared and distributed by RSL for information purposes only. The recommendations, if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice for the purpose of purchase or sale of any security, derivatives or any other security through RSL nor any solicitation or offering of any investment /trading opportunity on behalf of the issuer(s) of the respective security(ies) referred to herein. These information / opinions / views are not meant to serve as a professional investment guide for the readers. No action is solicited based upon the information provided herein. Recipients of this Report should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any investments. This Report has been prepared on the basis of publicly available information, internally developed data and other sources believed by RSL to be reliable. RSL or its directors, employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such information / opinions / views. While due care has been taken to ensure that the disclosures and opinions given are fair and reasonable, none of the directors, employees, affiliates or representatives of RSL shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information / opinions / views contained in this Report.

Risks: Trading and investment in securities are subject to market risks. There are no assurances or guarantees that the objectives of any of trading / investment in securities will be achieved. The trades/ investments referred to herein may not be suitable to all categories of traders/investors. The names of securities mentioned herein do not in any manner indicate their prospects or returns. The value of securities referred to herein may be adversely affected by the performance or otherwise of the respective issuer companies, changes in the market conditions, micro and macro factors and forces affecting capital markets like interest rate risk, credit risk, liquidity risk and reinvestment risk. Derivative products may also be affected by various risks including but not limited to counter party risk, market risk, valuation risk, liquidity risk and other risks. Besides the price of the underlying asset, volatility, tenor and interest rates may affect the pricing of derivatives.

Disclaimers in respect of jurisdiction: The possession, circulation and/or distribution of this Report may be restricted or regulated in certain jurisdictions by appropriate laws. No action has been or will be taken by RSL in any jurisdiction (other than India), where any action for such purpose(s) is required. Accordingly, this Report shall not be possessed, circulated and/or distributed in any such country or jurisdiction unless such action is in compliance with all applicable laws and regulations of such country or jurisdiction. RSL requires such recipient to inform himself about and to observe any restrictions at his own expense, without any liability to RSL. Any dispute arising out of this Report shall be subject to the exclusive jurisdiction of the Courts in India.

Disclosure of Interest: The research analysts who have prepared this Report hereby certify that the views /opinions expressed in this Report are their personal independent views/opinions in respect of the securities and their respective issuers. None of RSL, research analysts, or their relatives had any known direct /indirect material conflict of interest including any long/short position(s) in any specific security on which views/opinions have been made in this Report, during its preparation. RSL’s Associates may have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report. RSL, its Associates, the research analysts, or their relatives might have financial interest in the issuer company(ies) of the said securities. RSL or its Associates may have received a compensation from the said issuer company(ies) in last 12 months for the brokerage or non brokerage services.RSL, its Associates, the research analysts or their relatives have not received any compensation or other benefits directly or indirectly from the said issuer company(ies) or any third party in last 12 months in any respect whatsoever for preparation of this report.

The research analysts has served as an officer, director or employee of the said issuer company(ies)?: No

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Copyright: The copyright in this Report belongs exclusively to RSL. This Report shall only be read by those persons to whom it has been delivered. No reprinting, reproduction, copying, distribution of this Report in any manner whatsoever, in whole or in part, is permitted without the prior express written consent of RSL.

RSL’s activities were neither suspended nor have defaulted with any stock exchange with whom RSL is registered. Further, there does not exist any material adverse order/judgments/strictures assessed by any regulatory, government or public authority or agency or any law enforcing agency in last three years. Further, there does not exist any material enquiry of whatsoever nature instituted or pending against RSL as on the date of this Report.

Important These disclaimers, risks and other disclosures must be read in conjunction with the information / opinions / views of which they form part of.

RSL CIN: U65990MH2005PLC154052. SEBI registration no. ( Stock Brokers: NSE - INB / INF / INE 231234833; BSE - INB / INF / INE 011234839, Depository Participants: CDSL IN-DP-257-2016 IN-DP-NSDL-363-2013, Research Analyst: INH000002384); AMFI ARN No.29889.