Nifty’s fate hinges on the all-important Fed decision

Disclosures and Disclaimer : This report must be read with the disclosures in the Disclosure appendix, and with the Disclaimer, which forms part of it. This document does not contain any investment views or opinions.

Daily Research Reports

Nifty’s fate hinges on the all-important Fed decision (Wednesday) and US NFP release (Friday).

Nifty’s hurdles: 18257 mark.

Nifty Outlook

Intraday

Medium Term

Long Term

Key Levels to Watch

Nifty Support

Nifty Resistance

Pivot Level

Nifty

Outlook for the Day

INDICES

Nifty

Bank Nifty

Nifty Auto Index

Nifty FMCG Index

Nifty Infra Index

Nifty IT Index

Nifty Media Index

Nifty Midcap Index

Nifty Metal Index

Nifty Pharma Index

Nifty Reality Index

Nifty Smallcap Index

Sensex

SGX Nifty

Wealth Visionaries www.kslindia.com

Morning�KSL Wednesday03rd November, 2021

Good Morning & Welcome to Wednesday’s trading session dated

3rd of November 2021.

In early action, SGX Nifty is seen holding steady —— as we are seeing some

shift towards risk-on theme as bullish traders will eye opportunities, and the

bullishness comes backdrop of reports of GST collection in October

that rose to Rs 1.3 trillion, which is 24% higher than in the same period a

year ago, and 36% more than the collection in the pre-Covid year of 2019-20.

The positive takeaway is that this is the second highest collection since the

introduction of new indirect regime in 2017. All time high collection figure was

over Rs 1.40 trillion in April this year.

Long story short: The GST collections are quite heartening and clearly

indicates economic recovery. The GST collections are likely to rise further on

backdrop of ongoing festive season and progress in business activity.

On the flip side, capping any excessive upside is the fact that the street

suspects inflation perhaps likely to be stickier than anticipated (spiking

Crude-oil prices) and potentially higher rates on the horizon.

There is a big possibility that amidst this two probable black swan

—— traders will prefer to lighten leveraged long positions and

probably turn net-sellers.

Also, blame the dent in sentiments to relentless selling by the FIIs camp ——

Please note, FIIs net sold shares worth Rs. 25,572 crores for the month of

October.

Technically speaking, Nifty’s daily charts are still painting a bearish picture;

downside inter-month risk seen at 17453 mark and then aggressive downside

risk at 16907 mark. The landscape will turn bullish only if Nifty successfully

surpasses its biggest hurdles at 18257. For the day, Nifty will face resistance

at 18097 mark.

Here is our preferred strategy for the day:

# Nifty (17889): Sell between 18001-18051 zone. Stop 18321. Targets

17613/17453. Aggressive targets at 16907 mark.

# Bank Nifty (39938): Sell between 40251-40301 zone. Stop 40751.

Targets 38427/38001. Aggressive targets at 37501.

Outlook for Wednesday: Sell on any early strength.

The biggest catalyst from here on will be the outcome of the US Federal

Reserve decision on monetary policy trickle in on Wednesday, November

17889 -0.23%

39938 0.44%

11521 0.88%

38616 0.12%

5124 -0.23%

35177 -0.32%

2325 0.95%

8764 0.96%

5643 -1.58%

13993 -0.40%

536 3.38%

10970 1.02%

60029 -0.18%

17955 0.18%

Volatile session likely.

Neutral (17779-18057)

Positive (17257-19001)

Positive (15251-19251)

17613/17453

18057/18343

18371

Technical Strategy

Morning�KSL


3rd.* The U.S central bank is expected to announce the tapering of its $120

billion in monthly bond purchases, aiming to finish it by mid-2022. The US

policymakers have made it clear that reducing financial facilities is a

preliminary step before lifting rates.

The US Nonfarm Payrolls (NFP) release this Friday will also help determine

the next direction in stock markets across globe.

Bottom-line: Well, a dovish Fed outcome and weaker US jobs could see

Nifty galloping to 19000 mark, while a hawkish outcome and strong jobs data

could see Nifty tanking to support around 16907 mark.

TOP SECTORS:

# Bullish View: PSU BANKS, PVT BANKS, REALITY.

# Bearish view: METAL.

STOCKS IN FOCUS:

# BULLISH VIEW: EASY TRIP PLANNERS, GDL, ALL-CARGO LOGISTICS,

ORIENT CEMENT, ICICI BANK, MARUTI, BANK OF BARODA, CANARA BANK,

INDUSIND BANK, NIPPION LIFE, SBI, IDFC FIRST BANK, DLF.

# BEARISH VIEW: BAJAJ FINANCE, RELIANCE, AUROBINDO PHARMA,

L&T FINANCIAL, GRANULES, GRASIM, BHARAT FORGE, CADILA,

CHOLAMANDALM FINANCE, JINDAL STEEL & POWER, JSW STEEL, SRF,

STAR.

# Our chart of the day is bullish on stocks like Orient Cement, Maruti

Suzuki, Gateway Distriparks Ltd. (GDL) and Easy Trip Planners with inter-

month perspective.

The 1 Stock to Buy Right Now:

BUY GATEWAY DISTRIPARKS (GDL).

At CMP 295 and ADD on Dips 235-250 zone.

Stop Loss on closing basis – 191.

Targets – 325/407/551.

Holding Period: Up to 180 Days.

Predominantly Delivery Trades. Allocation: 7%

*Q2 earnings to trickle in this week:*

Wednesday, Nov 3rd: EICHERMOT, SBIN, PFIZER, BATAINDIA,

MUTHOOTFIN, .

Friday, Nov 5th: SUNTV.

Saturday, Nov 6th: DIVISLABS.

Incorporated in the year 2008, Easy Trip Planners (ETP) operates online travel portal (EaseMyTrip) focusing on the B2B2C distribution channel and providing travel agents access to its website to book domestic travel airline tickets in order to cater to the offline travel market in India.

# The biggest positive catalyst is driven by a rebound in travel sentiment.

# The strength of ETP has increased significantly over the years. GoAir, and SpiceJet have recognized ETP as amongst the top travel partners in terms of revenue and passenger count.

# Online travel market in India is set to double over the next five years to reach $31 billion in FY25E, growing at 14% CAGR from FY20 levels

# Registered customer has increased at a CAGR of 21% in the past three years, i.e. from 58.7 lakh customers in FY18 to 1.04 crore in FY21

# As of FY20, airline tickets accounted for 94.0% of revenues while hotels and other services contributed 5.4% and 0.6% of revenues, respectively.

# Consistent track record of financial and operational performance. No equity infusion subsequent to the original incorporation requirements, and most importantly, ETP has historically financed its working capital requirements and the expansion of the business and operations primarily through funds generated from its operations and debt financing. ETP is a zero debt, cash rich company (Total | 228 crore as of FY21) as this business requires minimal capex for growth

# The thirteen-year-old OTA which has been profitable since its inception went public with a Rs 510 crore initial public offer in March at a listing price of Rs 187.

# EMT is known to run a tight ship with low employee and marketing costs and high level of automation. In FY 2021 the company reported a net profit of Rs 61.4 crore as against Rs 33 crore a year earlier. In the first quarter FY 2022 which was impacted by the second wave of pandemic it posted a net profit of Rs 15.4 crore. Profit grew six times on a year on year basis due to higher margins and commissions.

# In-house advanced technology and analytics capabilities.

# Wide distribution network supported by a hybrid platform.

# Experienced management team with an established track record.

# On its international foray, Easy Trip Planners will launch localized search engines in the Philippines, Thailand and the US.

Technical Outlook: ETP has been amongst the top performers amongst the listed travel companies with a 200% rise in its stock price in the past five months.

Preferred Strategy: Establish long positions at CMP, targeting 621 and then aggressive targets at magical 777 mark.

EASY TRIP PLANNERS 507

Action BUY

Target 721

Support 441/375

Resistance 621/901

Holding Period 60-90 days


Morning�KSL

# NTPC was in limelight it commenced commercial operations of the Jetstar solar power generation project in Rajasthan.

# Jindal Steel & Power ended 3% lower after its Q2 Net profit came at Rs 2,584 crore against Rs 836.6 crore (YoY). Revenue

jumped 67% at Rs 13,612 crore agaisnt Rs 8,149 crore (YoY). EBITDA surged 91.8% at Rs 4,594 crore against Rs 2,395 crore

(YoY). EBITDA margin at 33.7% against 29.4% (YoY).

# Dabur India ended unchanged after its Q2 net profit came in at Rs 505.3 crore while revenue came in at Rs 2,817.6 crore.

EBITDA was reported at Rs 620.7 crore while EBITDA margin came in at 22%.Domestic volume growth at 10%.

WHAT TECHNICAL TELLS US ON NIFTY/SENSEX:

Daily chart of Nifty:

# Technically speaking, the landscape will turn bullish only if Nifty successfully surpasses the 18257 levels. So, only a

convincing breakthrough above 18257 should lead to a subsequent zap higher to 18607 mark.

We suspect, Nifty likely to Weeble and Wobble on any early strength. Bears still are in total control with targets at 17453 and

then at 16901 mark.

Please note, Nifty’s 200 day EMA is still at 15773 mark.

The gyan mantra is to stay light on the buy side.

# Bank Nifty: Bank Nifty slipped hard in last week’s trade with long bearish candle in Friday’s trade. More corrective declines

on card towards 38426 and then at 37456 mark.

DERIVATIVE & INSTITUTIONAL CUES:

# India VIX, which measures the expected volatility in the market, traded range-bound in Tuesday’s trade, at 17.06.

# The Put-Call Open Interest Ratio is at 1.11 for Nifty.

# The Nifty options data for November series suggests Nifty is likely to be in a trading range of 17500-18500 zone. Maximum

Call OI is at 19000 followed by 18000 strike price. So, the 18500 mark will be Nifty’s crucial resistance zone. Maximum Put

open interest stands at 17000 levels followed by 17500 levels. Call writing was seen at 17900 and then at 18000 strike price,

while there was meaningful Put writing at 17900 and then at 17000 strike prices.


Morning�KSL

# As per Tuesday’s provisional data available on the NSE, FIIs bought shares worth Rs. 244.87 crores while DIIs sold shares

worth Rs. -06 crores in the Indian Equity Market.

# Stock banned in F&O segment: ESCORTS, PNB.

IPO Note & LISTING:

There are thirteen companies that are in queue for approvals from the capital markets regulator (SEBI) for their IPOs (initial

public offering), which could result in over Rs 13,000 worth of inflows into the primary market. Reports suggests, some of the

companies that could soon come with the public issues are: Go Airlines, Pradeep Phosphates, and Fincare Small Finance Bank.

The primary market will be in action as three IPOs – Sigachi Industries, PolicyBazaar & SJS Enterprises will hit Dalal Street next

week. The details as follows:

Sigachi Industries IPO: Very small IPO would come under T Group. Decent company with good future outlook. IPO money

would be used as growth capital. Investors can look at this IPO in both prospective Listing gain subject to markets conditions

as well as medium to long term investment. Issue Size Rs 125 Cr. On all parameters, the issue appears reasonably priced and

looking for market cap of Rs 501 Cr. (Timeline 01-03 Nov)

(Policybazaar) PB Fintech IPO: Technology-based a niche place in the internet-based business model. Fancy madness for

Unicorn and Tech IPOs listing like Zomato, PB can also be trading higher. The company has bright prospects going forward.

Based on its financial parameters, the issue is overpriced and looking for a market cap of Rs. 44051 Cr. Issue size 5710 Cr with

fresh iss Rs 3750 cr and OFS of Rs 1960 Cr. Hence, risk seeking investors may invest for the long term only subject to markets

conditions. (Timeline 01-03 Nov)

SJS Enterprise IPO: Massive dilution of over 48% and fully priced OFS offer, Decent company business model and future

outlook. Based on its financial parameters, the valuation is on the higher side and looking for market cap of Rs 1650 Cr. Issue

Size Rs 800 Cr. Hence Risk seeking investors may consider parking of funds for long term while conservative investors can give

a miss to this IPO. (Timeline 01-03 Nov).

ECONOMIC CUES:

# In the U.S, all eyes will be on the October Nonfarm Payroll report. Following the terrible September headline number of

194K, the country is expected to have added 385K new job positions, while the Unemployment Rate is foreseen steady at

4.8%.

# Government approves 8.5% interest rate on EPF for fiscal year 2021. Just ahead of Diwali, this is a good news for over 50

million subscribers of the Employees Provident Fund Organisation.

GLOBAL STOCK MARKETS:

Overnight at Wall Street, U.S. stocks extended gains with the S&P 500 rising to yet another all-time high, as investors looked

to the start of Federal Reserve policy meeting while sifting through the latest batch of third quarter earnings reports.

The Fed is widely expected to detail how it will begin slowing the pace of it $120 billion in monthly bond purchases - the first of

several steps required for a true rate hike, which some analysts now suggest could come as early as July of next year.


Morning�KSL

In the week gone by, the Dow posted a weekly gain of +0.40% at 35819.56, while the S&P 500 gained +1.33% at 4605.38

and the NASDAQ gained +2.71% at 15498.40.

RECAP OF PREVIOUS DAY’S TRADING SESSION:

# Nifty (+41, 17889)

# Sensex (-109, 60029)

# Adv-Dec 20—— 30

# Nifty PCR: 1.11

# INDIA VIX 17.06

# Nifty MidCap (+0.96%, 8763)

# NiftySmallC (+0.91%, 10958)

# BANK Nifty (+0.32%, 39892)

# Nifty IT (-0.28%, 35191)

# USD/INR (-0.25%, 74.68)

It panned out to a frustrating day for the bulls. The negative takeaway was that the benchmark Nifty stepped back from

yesterday’s strong session —— unable to even float above the dotted lines despite positive leads from overnight Wall Street

cues.

Bottom-line: The relative calm at Dalal Street comes amidst several global worries which are primarily linked to tapering

chatters in the U.S.

*The key highlights of yesterday’s trade:*

# Nifty ends in red after early gains evaporate

# Mid-cap & Small-cap indices trade with positive bias, up 0.95% each.

# Nifty Metals major laggard, down 1.44%.

# Nifty reality and PSU Bank indices gain 3.59% and 02.28% respectively.

# Top Index Gainers: MARUTI (+2.29%) NTPC (+2%) TITAN (+1.86%).

# Top Index Losers: TATA STEEL (-3.44%) GRASIM (-2.28%) JSW STEEL (-2.10%).

R2STOCKS LTP S1 S2 R1 TRADING STRATEGYBIAS


TOP�PICKS�(F�&�O)�It's�like�having�investment�binoculars�!

Sell between 7500-7525 zone. Stop 7977. Targets 7201/7001. Aggressive targets at 6751. Biggest intraday hurdles at 7619. (Intermonth Strategy).

Sell between 323-325 zone. Stop 359. Targets 295/289. Aggressive targets at 281. Breakdown Play. (Interweek Strategy).

Sell between 1717-1723 zone. Stop 1751. Targets 1651/1627. Aggressive targets at 1597. Key support at 1597. (Intermonth Strategy).

Sell between 425-427.50 zone. Stop 441. Targets 407/391. Aggressive targets at 375. Breakdown Play. (Interweek Strategy).

Sell between 2525-2537 zone. Stop 2607. Targets 2471/2445. Aggressive targets at 2371. Major support at 2371. Breaking down. (Interweek Strategy).

JINDAL STEEL & POWER: The inter-week risk is on the downside. Key hurdles at 438 mark.

BAJAJ FINANCE 7455 7201 6751 7619 7927 Negative

GRANULES 317 295 281 325 351 Negative

INFOSYS (INFY) 1697 1651 1597 1731 1781 Negative

JINDAL STEEL 419 407 391 438 451 Negative & POWER

RELIANCE 2501 2445 2371 2593 2657 Negative INDUSTRIES (RIL)

Derivatives StrategiesChanges in Open Interest (OI) in yesterday’s trade.

Nifty Spot

VIX

Premium

Nifty Future OI

Cash Volumes (INR in Cr.)

Yesterday Day Before Yesterday

Derivatives Vol.(INR in Cr.)

No of contracts

Turnover (Rs. In cr.)

BSE Cash Vol. (Rs. in Cr)

NSE Cash Vol.(Rs. in Cr)

NSE Derivative Vol. (Rs. in Cr)

Index Future Volumes

Stock Future Volumes

Index Option Volumes

Stock Option Volumes

Total

Major Changes in Nifty Options (OI)

Bank Nifty Spot

Bank Nifty Future OI


EQUITY�DERIVATIVESLooking�into�the�future�from�present.

Future Call: BUY IDFCFIRSTB NOVEMBER FUTURES at CMP

52.55. Targets at 53.65 and then at 55. Stop: 51. Holding Period:

Intraday. Analyst’s Remark: Rebound Play (IDFCFIRSTB

NOVEMBER Futures CMP 52.55)

Option Call: SELL NIFTY 11th NOVEMBER CE Strike Price 17800 at

CMP 230.30. Maximum Profit: 11515. Loss: Unlimited. Stop: Exit

Call Option if NIFTY moves above 18175. (NIFTY NOVEMBER

Futures CMP 17923).

17888.95 (-0.23%)

39938.45 (+0.44%)

17.0625 (-1.00%)

+34 vs +87

1.02 crores (-4.52%)

20.53 lakhs (-4.66%)

3884.87 4095.15

62,997.97 78,203.10

72,48,858 55,64,606

2,98,150 28,185

8,35,570 65,549

7,25,68,628 69,69,944

22,45,763 1,85,181

7,59,48,111 72,48,858

Calls in lakhs (% Change)

17900 29.59 (+38%)

18000 93.69 (+49%)

18100 52.91 (+52%)

Puts in lakhs (% Change)

16700 4.81 (-35%)

16800 7.53 (-58%)

16900 6.15 (-40%)

Wednesday03rd November, 2021

Market Summary:

• Nifty November Futures ended Tuesday’s session at a premium of

+34 vs premium of +87.

• The 03rd November expiry Put-Call Open Interest Ratio was at 1.11

for Nifty whereas it was 0.94 for Bank Nifty.

• The 03rd November expiry Put-Call Volume Ratio was at 1.04 for the

Nifty and 0.85 for Bank Nifty.

• For Nifty, Maximum Call Open Interest (OI) stands at 18000 Strike

Price, followed by 18200 Strike Price for 03rd November Series. Long

unwinding was seen at strike prices 17400-17800.

• Maximum Put Open Interest (OI) was seen at strike price 17500

followed by 17700 strike prices for 03rd November series. Long

unwinding was seen at strike prices 16800-17300.

• For Bank Nifty, Maximum Call Open Interest (OI) stands at 42000

Strike Price and Maximum Put Open Interest stands at 39500 Strike

Price.

• As per Tuesday’s provisional data available on the NSE, FIIs bought

shares worth Rs. 244.87 crores in the Indian Equity Market. DIIs on

the other hand sold shares worth Rs. 6.00 crores in the Indian Equity

market.

• Long Buildup: TATAPOWER, SBIN, IDFCFIRSTB, MANAPPURAM.

• Short Buildup: RELIANCE, M&M, PIIND, LUPIN.

• Sho r t Cove r i ng : RBLBANK, CHOLAFIN , ESCORTS,

BAJFINANCE.

• Long Unwinding: HINDPETRO, DRREDDY, ULTRATECH.

• Stocks banned in F&O segment: ESCORTS, PNB.

• New in Ban: NIL.

• Out of Ban: NIL.


All level indicated above are based on cash market prices.

Pivot Point

PP : Pivot Point : This is trigger point for weekly buy/sell based on the price range of the previous week.R1 : Resistance one : 1st Resistance over PP. R2 : Resistance two : 2nd Resistance over R1.S1 : Support one : 1st support after PP. S2 : Support Two : 2nd support after S1.

As per the tool, the trader should take BUY position just above PP and keep the stop loss of PP and the first target would be R1.If R1 is crossed then R2 becomes the next target with the stop loss at R1.

Similarly if price goes below PP the trader should SELL and keep the PP as Stop loss and the first target would be S1.

If S1 is crossed then S2 becomes the next target with the stop loss at S1.This is a trading tool. The key to use of this tool is the use of STOP LOSS.

Stock CMP Support Resistance 21 DMA 200 DMA Intraday Short Term Long Term

DAILY�PIVOT�TABLE Wednesday03rd November, 2021

NIFTY 17889 17531 18247 18033 15808 DOWN DOWN UP

BANKNIFTY 39938 39140 40737 39233 35214 DOWN DOWN UP

NIFTYIT 35177 34474 35881 35522 29290 DOWN DOWN UP

NIFTYMETAL 5643 5530 5756 5797 4874 DOWN DOWN UP

0 0

AARTIIND 958 939 977 1047 818

ABFRL 288 279 297 259 204 UP UP UP

ACC 2392 2344 2440 2269 2045 UP UP DOWN

ADANIENT 1473 1443 1502 1534 1240 DOWN DOWN UP

ADANIPORTS 702 688 716 748 712 DOWN DOWN DOWN

ALKEM 3700 3626 3774 3828 3240

AMARAJABAT 705 691 719 727 795 DOWN DOWN DOWN

AMBUJACEM 407 399 415 397 343 UP UP DOWN

APOLLOHOSP 4290 4204 4376 4309 3601 DOWN UP DOWN

APOLLOTYRE 223 217 230 227 224 DOWN DOWN UP

ASHOKLEY 145 140 149 139 125

ASIANPAINT 3103 3041 3165 3168 2848 DOWN UP DOWN

ASTRAL 2227 2182 2271 2243 1853 UP DOWN UP

AUBANK 1245 1220 1270 1212 1118 UP UP UP

AUROPHARMA 691 677 705 709 878 DOWN DOWN DOWN

AXISBANK 756 741 771 791 741

BAJAJ-AUTO 3742 3667 3817 3830 3891 DOWN DOWN UP

BAJAJFINSV 17543 17192 17893 18089 12711 UP DOWN UP

BAJFINANCE 7455 7306 7604 7698 6082 DOWN DOWN UP

BALKRISIND 2522 2472 2573 2529 2083 DOWN DOWN UP

BANDHANBNK 311 302 320 314 316

BANKBARODA 102 99 105 92 80 UP UP UP

BATAINDIA 2044 2003 2085 2001 1611 UP DOWN UP

BEL 201 195 207 205 162 UP DOWN UP

BERGEPAINT 756 741 771 789 783

BHARATFORG 783 767 799 774 699 UP DOWN DOWN

BHARTIARTL 714 700 728 694 578 UP UP UP

BHEL 72 70 75 70 57 UP DOWN UP

BIOCON 346 335 356 347 387

BPCL 416 408 424 442 445 DOWN DOWN

BRITANNIA 3683 3609 3757 3787 3633 DOWN DOWN DOWN

CADILAHC 496 486 505 526 544 DOWN DOWN DOWN

CANBK 224 218 231 193 156 UP UP UP

CANFINHOME 653 639 666 674 556 UP DOWN UP

CHOLAFIN 610 598 622 591 535 UP UP UP

CIPLA 903 885 921 912 899 DOWN DOWN UP

COALINDIA 169 164 174 182 148 DOWN DOWN UP

COFORGE 5044 4943 5144 5336 3894 DOWN DOWN DOWN

COLPAL 1527 1496 1558 1619 1634 DOWN DOWN DOWN

COROMANDEL 784 768 799 829 811 DOWN DOWN UP

DABUR 598 586 610 603 568 DOWN DOWN DOWN

DEEPAKNTR 2287 2241 2333 2615 1844 DOWN DOWN DOWN

DIVISLAB 5205 5101 5310 5168 4308 UP DOWN UP

DIXON 5494 5384 5603 5223 4137 DOWN DOWN UP

DLF 430 421 439 417 315 UP UP UP

DRREDDY 4746 4651 4841 4808 4924 DOWN UP DOWN

ESCORTS 1557 1526 1588 1510 1294 UP UP UP

GODREJCP 960 941 980 1002 871 DOWN UP DOWN

GODREJPROP 2350 2303 2397 2360 1566 UP DOWN UP

GRASIM 1744 1709 1779 1692 1439 UP UP UP

HAL 1332 1306 1359 1362 1110 DOWN DOWN DOWN

HAVELLS 1291 1265 1317 1354 1148 DOWN DOWN DOWN

HCLTECH 1171 1147 1194 1229 1040 DOWN DOWN DOWN

HDFC 2900 2842 2958 2818 2617 UP UP UP

HDFCAMC 2665 2612 2718 2824 2959 DOWN DOWN DOWN

HDFCBANK 1607 1575 1639 1635 1515 DOWN DOWN UP

HDFCLIFE 693 679 707 703 695 DOWN DOWN UP

HEROMOTOCO 2684 2631 2738 2794 2980 DOWN DOWN DOWN

HINDALCO 468 459 478 491 387 DOWN DOWN UP

HINDPETRO 303 294 313 320 265 DOWN DOWN UP

HINDUNILVR 2419 2371 2467 2547 2429 DOWN DOWN DOWN

ICICIBANK 801 785 817 753 649 UP UP UP

ICICIGI 1508 1478 1539 1519 1494 DOWN DOWN UP

IDEA 10 10 10 11 10 DOWN DOWN UP

IDFCFIRSTB 52 50 54 49 53 UP DOWN UP

IEX 745 730 760 734 420 DOWN DOWN UP

IGL 478 468 487 497 529 DOWN DOWN DOWN

INDHOTEL 203 197 209 207 140 UP DOWN UP

INDIGO 2179 2135 2222 2033 1758 UP UP UP

INDUSINDBK 1213 1188 1237 1178 1017 UP UP UP

INFY 1698 1664 1732 1717 1496 UP DOWN UP

IRCTC 848 831 865 922 481 DOWN DOWN DOWN

ITC 226 219 232 238 215 DOWN DOWN DOWN

JINDALSTEL 419 411 427 427 382 UP DOWN UP

JSWSTEEL 673 659 686 679 613 UP DOWN DOWN

JUBLFOOD 3755 3680 3830 3987 3303 DOWN DOWN DOWN

KOTAKBANK 2077 2035 2118 2049 1834 UP DOWN UP

LICHSGFIN 425 417 434 431 434 DOWN UP UP

LT 1816 1779 1852 1769 1536 UP DOWN UP

LUPIN 931 912 949 940 1064 DOWN UP DOWN

M&M 862 844 879 886 808 UP DOWN UP

MANAPPURAM 198 192 204 196 170 UP DOWN UP

MARICO 566 554 577 568 484 UP DOWN UP

MARUTI 7792 7636 7948 7475 7162 UP UP UP

MCDOWELL-N 975 956 995 886 651 UP UP UP

METROPOLIS 3028 2967 3089 2840 2538 UP UP DOWN

MGL 1016 996 1036 1041 1131 DOWN DOWN DOWN

MINDTREE 4711 4617 4805 4490 2698 UP DOWN UP

MOTHERSUMI 231 224 238 233 219 DOWN DOWN UP

MPHASIS 3388 3320 3455 3259 2232 UP DOWN UP

NAM-INDIA 422 414 430 442 374 UP DOWN UP

NATIONALUM 100 96 103 104 74 DOWN DOWN UP

NAUKRI 6136 6013 6259 6512 5290 DOWN DOWN DOWN

NAVINFLUOR 3387 3319 3455 3676 3294 DOWN DOWN DOWN

NESTLEIND 18774 18398 19149 19151 17906 DOWN DOWN UP

NMDC 142 138 146 146 152 DOWN DOWN DOWN

OFSS 4402 4314 4490 4633 3839 DOWN DOWN UP

PAGEIND 38423 37654 39191 37013 31091 UP DOWN UP

PEL 2700 2646 2754 2729 2139 UP DOWN UP

PFC 136 132 140 140 126 DOWN DOWN UP

PFIZER 5079 4977 5181 5323 5266 DOWN DOWN DOWN

PIDILITIND 2344 2297 2391 2401 2060 DOWN DOWN DOWN

PIIND 2782 2726 2838 3134 2750 DOWN DOWN DOWN

PNB 42 41 44 43 39 UP DOWN UP

POLYCAB 2371 2323 2418 2390 1763 DOWN DOWN UP

PVR 1735 1701 1770 1694 1392 UP UP UP

RAMCOCEM 1067 1046 1089 1006 989 UP UP DOWN

RBLBANK 207 201 213 195 206 DOWN UP UP

RECLTD 151 147 156 156 146 DOWN DOWN UP

RELIANCE 2501 2451 2551 2626 2162 DOWN DOWN UP

SAIL 122 119 126 119 107 UP UP UP

SBILIFE 1166 1143 1189 1187 1021 DOWN DOWN UP

SBIN 522 511 532 490 405 UP UP UP

SHREECEM 28868 28291 29446 28104 27922 UP UP DOWN

SIEMENS 2251 2206 2296 2221 1993 UP DOWN UP

SRF 2111 2068 2153 2234 1478 DOWN DOWN UP

SUNPHARMA 815 799 832 821 692 UP DOWN UP

SUNTV 588 576 599 551 514 UP UP UP

SYNGENE 540 529 550 592 591 DOWN DOWN DOWN

TATACHEM 911 892 929 985 760 DOWN DOWN DOWN

TATACONSUM 834 817 850 820 718 DOWN UP DOWN

TATAMOTORS 488 478 498 454 325 UP UP UP

TATAPOWER 229 222 235 211 122 UP DOWN UP

TATASTEEL 1314 1287 1340 1327 1086 DOWN DOWN DOWN

TCS 3484 3415 3554 3620 3319 DOWN DOWN DOWN

TECHM 1491 1461 1520 1473 1147 UP DOWN UP

TITAN 2454 2405 2503 2400 1737 UP DOWN UP

TORNTPHARM 2839 2782 2896 3018 2812 DOWN DOWN DOWN

TORNTPOWER 522 512 532 508 436 UP UP UP

TRENT 1037 1017 1058 1076 864 DOWN DOWN UP

TVSMOTOR 698 684 712 598 585 UP UP UP

UBL 1686 1652 1720 1661 1369 UP DOWN UP

ULTRACEMCO 7713 7559 7868 7366 6871 UP UP DOWN

UPL 720 706 735 727 700 DOWN UP DOWN

VEDL 308 299 317 319 259 DOWN DOWN UP

VOLTAS 1221 1197 1246 1246 1051 DOWN UP DOWN

WIPRO 654 641 667 669 537 DOWN DOWN UP

ZEEL 314 304 323 307 221 UP DOWN UP

- - - - - - - - -

- - - - - - - - -

- - - - - - - - -

- - - - - - - - -

- - - - - - - - -

- - - - - - - - -

- - - - - - - - -

- - - - - - - - -

- - - - - - - - -

- - - - - - - - -

- - - - - - - - -

- - - - - - - - -

- - - - - - - - -

- - - - - - - - -

- - - - - - - - -

- - - - - - - - -


DAILY�PIVOT�TABLE

Stock CMP Support Resistance 21 DMA 200 DMA Intraday Short Term Long Term

Wednesday03rd November, 2021

ALUMINIUM 1 220 213 227 237 198 DOWN UP DOWN

CARDAMOM 1 1505 1475 1535 1478 2690 DOWN UP DOWN

CASTOR 1 6540 6409 6671 6286 5247 UP UP UP

CHANA 1 5240 5135 5345 5109 5002 UP UP UP

COPPER 1 746 731 761 754 716 DOWN DOWN UP

COTTON 1 33790 33114 34466 30884 24407 UP UP UP

CRUDEOIL 1 6293 6167 6419 6122 5013 UP UP UP

GOLD 1 47903 46945 48861 47398 47113 UP UP UP

GUARGUM5 1 12823 12567 13079 11398 7362 UP UP UP

GUARSEED10 1 6895 6757 7033 6318 4579 UP UP UP

JEERAUNJHA 1 15135 14832 15438 14696 13828 UP UP UP

LEAD 1 188 182 193 185 174 UP DOWN DOWN

MENTHAOIL 1 939 920 958 936 959 DOWN DOWN UP

NATURALGAS 1 390 378 401 418 270 UP DOWN UP

NICKEL 1 1522 1491 1552 1512 1361 UP UP UP

RMSEED 1 8265 8100 8430 8387 7061 UP DOWN UP

RUBBER 1 17836 17479 18193 17085 16314 UP UP DOWN

SILVER 1 64791 63495 66087 63504 66826 UP UP UP

SYBEANIDR 1 5495 5385 5605 5453 6744 DOWN UP DOWN

ZINC 1 286 277 294 282 240 DOWN DOWN UP

Instrument TRADING STRATEGYLTP S1 S2 R1 R2 Bias

MCX GOLD

MCX SILVER

MCX CRUDE OIL

MCX COPPER

MCX NATURAL GAS

USD-INR


The�Compass��…Direction�at�a�glance

All eyes on Fed’s tapering (Wednesday) and US employment data (Friday). Technically, key support for Gold now seen at 47159 mark. Intraday Strategy: Buy above 47951, targeting 48129/48619/49249. Strict Stop at 47041.

Silver too slipped, mirroring sluggish action in yelow metal prices. Confirmation of weakness now only below 63001 mark. Intraday Strategy: Buy only above 65001, targeting 66731/67957/69153. Strict Stop at 62911.

Oil prices wavered in yesterday's trade. Major profit booking likely only below 6063. Confirmation of strength only above 6368. Intraday Strategy: Buy at CMP, targeting 6368/6551 mark. Strict Stop at 6191.

Copper prices were seen trading sluggish in yesterday's trade. Major intraday hurdles now at 767 mark. Intraday strategy: Sell at CMP. Targets 731/707. Strict stop at 771.

MCX Natural Gas prices were in demand in yesterday's trade. Key support seen at 371. Intraday Strategy: Buy at CMP, targeting 437/457/481 mark. Stop at 387.

USD/INR inched lower in yesterday's trade. Key support now seen at 74.51. Interweek hurdles seen at 75.15 zone. Interweek Strategy: Sell at CMP, targeting 74.51/74.19 mark. Strict Stop at 75.01.

47611 47159 46879 48619 49429 Neutral

63235 63001 61497 65057 66753 Neutral

6254 6207 6063 6368 6551 Neutral

741.65 731 707 767 789 Neutral

410.0 389 371 407 437 Neutral

74.68 74.51 74.19 74.89 75.25 Neutral

Cooling expectations for rate hikes and persistent supply chains issues weigh on investors’ mood.

Instrument TRADING STRATEGYLTP S1 S2 R1 R2

GOLD (USD)

SILVER (USD)

WTI CRUDE OIL (USD)

EUR/USD

Bias

DOW JONES

US Dollar Index


The�Navigator��…Sailing�global�trend

Wall Street marches ahead ahead of Fed, NFP.

1788 1769 1745 1821 1843 Positive

23.96 22.95 21.45 25.05 26.09 Positive

83.6 81.19 78.05 85 90 Neutral

1.1586 1.1503 1.1460 1.1771 1.1873 Negative

94.08 93.69 92.20 95.05 95.75 Positive

36065 35513 33759 36219 37101 Positive

Key support at 1745 mark. Interweek Strategy: Establish buy positions between 1745-1751 zone. Targets 1803/1821 mark with stop at 1721.

Key hurdles at 25.05. Interweek Strategy: Establish buy positions at CMP. Targets 24.21/25.05 with stop at 22.87.

Despite volatility, Oil prices traded range bound in yesterday's trade.Interweek Strategy: Establish buy positions at CMP. Targets 85/90. Stop at 80.79.

Interweek Strategy: Establish sell positions between 1.1675-1.1701 zone. Targets 1.1503/1.1460 with stop at 1.1809.

Interweek Strategy: Establish buy positions between 93.69-93.75 zone. Targets 94.50/95.50 with stop at 93.01.

U.S. stocks extended gains with the S&P 500 rising to yet another all-time high, as investors looked to the start of Federal Reserve policy meeting. Interweek Strategy: Establish buy positions at CMP. Targets 36209/37101 mark with stop at 35311.

DISCLAIMER: This is solely for information of clients of Khandwala Securities Limited and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Khandwala Securities Limited, its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Khandwala Securities Limited or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information.

Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Khandwala Securities Limited in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Khandwala Securities Limited has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Khandwala Securities Limited makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment.

POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report)Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No.


Head�Office:Vikas�Building,�Ground�Floor,�Green�Street,Fort,�Mumbai�-�400�023.�India��Call�:�022-40767373

Khandwala�Securities�Limited

Contact:

Khandwala�Securities�Limited

Documents

Nifty’s fate hinges on the all-important Fed decision