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Derivative Weekly Roundup

6th to 10th November 2017
Index Weekly Change
Nifty 10452.50 129.45 1.25%

Sensex 33685.56 528.34 1.56%

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Indices Weekly Change 6th to 10th November 2017
Index Close 1 Week 1 Month 3 Month 6 Month

NIFTY 50 10452.50 1.25% 6.01% 4.38% 12.25%

NIFTY NEXT 50 30043.90 2.34% 8.00% 8.13% 13.62%

NIFTY BANK 25650.70 3.27% 6.42% 3.95% 14.99%

NIFTY 100 10866.45 1.42% 6.31% 4.94% 12.41%

NIFTY 500 9260.65 1.72% 6.91% 6.09% 12.55%

Weekly Nifty Recap Nifty Last Week

Two months s ll le , but if Ni y sustains current levels, 2017 will go down as the rst year ever when the index hasnt
even corrected 5% (max correc on of 3%).

More than 300 stocks have delivered 25% plus returns with 50 of them atleast doubling.

Last 1 month has seen new leaders in Ni y ICICI Bank, Bhar , PSU Banks.

At Broader market level, in last 1 month, more than 80 stocks in BSE500 is up 20%+ with majority coming from constru-
-c ons, PSU Banks, metals, telecom, fer lizers, petrochemicals major break from the usual consumer, autos, private
banks kind of favourite

Indices: NIFTY +129 points, SENSEX +528 points for the week.

Index moves: Ni y +1.3% , Sensex +1.6%.

Cash market volumes: $32.2 bn v/s $34.9 bn.

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 NIFTY
6th to 10th November 2017
10452.50 + ( 129.45) 1.25%
Weekly 52 Week
OPEN 10461.55 HIGH 10461.70 10,461.70

P. CLOSE 10423.80 LOWS 10412.55 7,893.80

R2 10550

R1 10500

Pivot 10415

S1 10365

S2 10270

Weekly Recap:

Last week's decent up move was followed by a at opening in our markets this Monday. The index consolidated for rst
ouple of days around the 10300 mark. However, we witnessed a smart move on Wednesday mainly bolstered by India's
jump to 100th place (notches up by 30 from last year) in World Bank's Ease of Doing Business rankings. As a result, the Ni y
reached yet another milestone of 10400 during the midst of the week.Ni y spot closed at 10452.50 this week, against a
close of 10323.05 last week with 1.25% weekly gain.

Future outlook:

The Ni y50 has con nued its up move a er breaking out from 10150-10200 range. This remains a major support price
range and the index can move up to 10,700.Ni y targe ng 10700 in November series with support near 10200.This means
the major correc on in the index may not be seen. The market is in a strong bullish territory and is on track to hit its next
crucial target of 10,600. Investors who are long on the index should remain long with a stop loss below 10,367.The Ni y
futures posi ons are formed with the increasing basis. This means the index has seen long addi ons Posi ons Hence, a
move beyond 10500 can be extended to 10700 levels The weekly Ressitance are placed at 10500 & 10550 while weekly
Support is placed at 10365 & 10270.

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 NIFTY BANK
6th to 10th November 2017
25650.70 +(811.15) 3.16 %
Weekly 52 Week
OPEN 24873 HIGH 25695 25,695.50
P. CLOSE 24839 LOWS 24808 17,606.90

R2 26270

R1 25960

Pivot 25385

S1 25075

S2 24500

Weekly Recap:

The index started the November series on a muted note and consolidated near 25000 for a few days. However, a sharp
move towards the north was seen where the index rallied nearly 680 points for the week on the back of broad-based
par cipa on by both PSU and private sector banks.During the week the index manages to hit all me high of 25695 and
close the week around the levels of 25650. Ni y Bank index give weekly closing with 3.27% gain.

Future outlook:

As the series progressed, the support levels are now si ing towards higher levels a er Bnak Ni ty Index gave brakout of its
rectangle price pa ern on weekly Chart and made its all me high of 25695.On last Friday, the index managed to close
around this level. Resistance have shi ed towards 25960 and 26270 on higher levels indica ng more upside in coming days.
If the index manages to show some sustainibility on higher levels then the index can move to the levels of 25900 to 26100
in next week.

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Weekly Gainers/Losers 6th to 10th November 2017
Top 10 Weekly Gainers-Nifty
Gain Closing Price
Company Name LTP (Rs.) Rs. % Rs.
Bharti Airtel Ltd 541.25 55.95 11.53 485.30
Axis Bank Ltd 540.10 54.15 11.14 485.95
Yes Bank Ltd 325.95 18.90 6.16 307.05
ICICI Bank Ltd 315.90 14.75 4.90 301.15
Lupin Ltd 1,047.70 46.60 4.65 1001.10
Housing Development Finance Corporation Ltd 1,776.30 77.25 4.55 1699.05
State Bank of India 325.00 13.95 4.48 311.05
Oil & Natural Gas Corpn Ltd 191.85 7.85 4.27 184.00
Tata Motors Ltd 447.70 17.80 4.14 429.90
Aurobindo Pharma Ltd 787.95 25.90 3.40 762.05

Top 10 Weekly Losers-Nifty

Gain Closing Price
Company Name LTP (Rs.) Rs. % Rs.
UPL Ltd 775.60 -55.70 -6.70 831.30
Mahindra & Mahindra Ltd 1,330.75 -56.95 -4.10 1387.70
Indiabulls Housing Finance Ltd 1,219.05 -45.25 -3.58 1264.30
Tech Mahindra Ltd 463.45 -12.95 -2.72 476.40
Hero MotoCorp Ltd 3,689.05 -97.60 -2.58 3786.65
Bajaj Auto Ltd 3,217.45 -82.70 -2.51 3300.15
Tata Steel Ltd 708.90 -17.90 -2.46 726.80
Hindustan Petroleum Corporation Ltd 445.65 -10.40 -2.28 456.05
Infosys Ltd 926.65 -19.70 -2.08 946.35
Eicher Motors Ltd 31,235.10 -576.65 -1.81 31811.75

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 24 CARAT Weekly Pick 6th to 10th November 2017
Range 160.45 - 169.50
Karnataka Bank Limited (KTKBANK-30-NOV-FUT) 52 week 100.10 - 181.00
168.50 +7.90 (4.92%) Open 161.75
Nov 3 - Close Vol. 6.89M
Currency in INR Mkt cap 47.72B
P/E 11.02
Karnataka Bank Limited is a banking company. The Company is engaged in providing a range of banking and financial services, including retail, corporate banking
and para-banking activities in addition to treasury and foreign exchange business. It operates in four segments: Treasury, Corporate/Wholesale Banking, Retail
Banking and Other Banking Operations. Its products and services include borrowing facilities, deposits, providing returns on funds and helping with overseas
transactions. It offers business banking services, such as working capital finance, term loans and business finance products. It offers personal banking services; loans,
including Apna Ghar home loans and Varthak loans; deposit products, such as Soulabhya deposit and Cumulative deposit; mobile banking, and Internet banking. It
has approximately 2,003 service outlets, including over 1,275 automatic teller machines (ATMs), over 725 branches and over three extension counters in over 20
states and two union territories.

R2 178

R1 174

Pivot 166

S1 162

S2 155

Jus ca on & Comments:

Karnataka Bank Limited is looking bullish on weekly chart.
A er giving the breakout of its major resistance levels of 165 stock is trading above this levels on weekly chart.

Technical Study:
Stock has formed Double Bo om price pa ern on lower levels & it has gave breakout of major trend line and trading
above this trend line on weekly chart
Key moving averages is also conrming that stock is in bullish trend as Stock is trading above its 21 , 50 & 100 days Moving
Averages on weekly chart.
Key Indicator MACDH ( E9, E12, E24 close) is placed @ 0.75 is turning in posi ve zone from nega ve zone.
Looking the technical aspect of the stock, Price pa ern, Key moving averages & MACDH we are bullish for the stock & In
next week up side movement can be seen in the stock.
BUY KTKBANK NOV FUT @ 166-167 TARGET 174/178 STOP LOSS 161
BUY KTKBANK 180 NOV CALL OPTION @ 2-2.5 TARGET 5/8 STOPLOSS 0.50
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 24 CARAT Weekly Pick 6th to 10th November 2017
Range 406.05 - 443.30
Arvind Limited (ARVIND 30-NOV-FUT) 52 week 321.25 - 443.30
441.00 +34.00 (8.35%) Open 407.25
Nov 3 - Close Vol. 7.34M
Currency in INR Mkt cap 113.46B
P/E 38.00
Arvind Limited is a textile company. The Company's principal products/services are finished fabrics and garments. Its segments are Textiles; Brands and Retail; Real
Estate, and Others. The Textiles segment includes fabric, yarn and garments. The Brands and Retail segment includes retailing of branded garments, apparels and
fabrics. The Real Estate segment includes real estate development. The Others segment includes electronics, technical textile, construction, e-commerce and project
activity. It also manufactures cotton shirting, denim, knits and bottom weights (Khakis) fabrics, and jeans and shirts garments. The Company, through its subsidiary,
Arvind Lifestyle Brands Limited, markets branded apparel and licenses international brands in India. Its brands portfolio includes international brands, such as Arrow,
US Polo, Izod, Elle and Cherokee. It also operates MEGAMART apparel value retail stores. It also has presence in telecom business directly and through joint venture
companies.

R2 476

R1 460

Pivot 430

S1 414

S2 385

Jus ca on & Comments:

Arvind Limited is looking bullish on weekly chart.
A er giving the breakout of its major resistance levels of 425 stock is trading above this levels on weekly chart.

Technical Study:
Arvind Limited has gave breakout of ascending triangle price pa ern on weekly chart.
Key moving averages is also conrming that stock is in bullish trend as Stock is trading above its 21 , 50 & 100 days Moving
Averages on weekly chart.
Key Indicator MACDH ( E9, E12, E24 close) is placed @ 4.59 is also in posi ve zone
Looking the technical aspect of the stock, Price pa ern, Key moving averages & MACDH we are bullish for the stock & In
next week up side movement can be seen in the stock.

BUY ARVIND NOV FUT ABOVE 430-433 TARGET 450/470 STOP LOSS 414
BUY ARVIND NOV 450 CALL OPTION @ 10-11 TARGET 19/27 STOPLOSS 5

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 Market News 6th to 10th November 2017

UK central bank raises rates for rst me in a decade

The Bank of England has raised interest rates for the rst me in a decade to contain an increase in ina on stoked by the
Brexit vote, in what is otherwise a moment of high uncertainty for the economy. In a statement, the bank said it had li ed
its benchmark rate, which aects the cost of loans and savings rates in the wider economy, to 0.50 per cent from the record
low of 0.25 per cent.The hike, which had been widely an cipated in nancial markets, is the rst since July 2007, when
world credit markets started to freeze up in what would prove to be the prelude to the global nancial crisis.However, the
impact on households and companies will likely be modest, as 60 per cent of home-owners are on xed- rate mortgages
and the cost of borrowing remains very low by historical standards. A decade ago, for example, the key rate was hiked to
5.75 per cent.Minutes of the mee ng showed that seven members of the nine-strong Monetary Policy Commi ee judged
it "appropriate to ghten modestly the stance of monetary policy" to return ina on to target.Ina on, according to the
central bank's quarterly projec ons, should fall towards target, to 2.1 per cent, in three years if interest rates rise in
the way markets expect, to 1 per cent over that period.

US cuts o Chinese bank over North Korea es

The United States excluded China's Bank of Dandong from its nancial system today, alleging that it has helped North Korea
evade nancial sanc ons to launder funds.Washington had alerted other businesses in June that it planned to take the
ac on, but it nally went into eect just as US President Donald Trump was to set o on an Asian tour.The US leader has
demanded that Beijing do more to push its neighbour North Korea to stop eorts to build a nuclear- armed missile capable
of reaching American ci es.Trump will bring this message to President Xi Jinping in Beijing next week, but China is reluctant
to push sanc ons so far as to destabilise Kim Jong-Un's North Korean regime.Ocials in Washington warn that, while they
would prefer Kim to come to the table, Trump has not ruled out a pre-emp ve strike to prevent him from crossing the
missile threshold. But, alongside this saber ra ling, Washington is also slowly stepping up secondary sanc ons on foreign
ins tu ons like the Bank of Dandong it accuses of funnelling illicit funds.This risks angering China, but hawkish
commentators argue that it remains the only way short of war to force Pyongyang, and perhaps more importantly Beijing,
to reconsider their strategy.Banks and businesses worldwide should take note that they must be vigilant against a empts
by North Korea to conduct illicit nancing and trade,

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 Market News 6th to 10th November 2017

Industry hails India's ascend to 100th spot in ease of doing biz ranking
Cheered by the country's 30-notch jump to 100th in the 's ease of doing business ranking, India Inc today said the improved
performance will boost investor sen ment, even as the industry believes a "lot more needs to be done" on the reforms
front.India has been ranked 100th among 190 countries and territories in the report released by the World Bank on
Tuesday.This, however, does not reect the latest goods and services tax (GST), whose results could be reected only in next
year's ease of doing business' report. Last year, India was ranked 130th."India's climb up in ease of doing index comes on the
back of several bold reform measures including Goods and Services Tax, Insolvency and Bankruptcy Code, digital drive and
involvement of states in faster clearance of projects. "However, a lot more needs to be done and the eort in further scaling
up of ease of doing should con nue," Assocham said.India registered reforms in eight of the 10 areas of the report, which in
itself is a record. While China con nues to be ahead of India, but this year the gap between the two countries has narrowed
down.The report notes that India has adopted 37 reforms since 2003. Nearly half of these reforms have been implemented
in the last four years. The report captures reforms implemented in 190 countries in the period June 2, 2016 to June 1, 2017.

ITC, Pepsi, Patanjali, Coca-Cola commit Rs 68k cr investment in food, agri sector
The government on Friday said investments worth Rs 68,000 crore have been commi ed by many domes c and mul nat-
-ional rms, including ITC, PepsiCo, Patanjali and Coca-Cola Co, in India's food and agriculture sector.The Ministry of Food
Processing Industries said 13 MoUs were signed on the inaugural day of World Food India 2017 event."We have already
signed MoUs worth Rs 68,000 crore on the rst day of World Food India and more investment is set to come over the next
few days," Union Minister for Food Processing Harsimrat Kaur Badal said in a statement.While PepsiCo announced to invest
Rs 13,300 crore for se ng up a food and beverage plant, rival Coca Cola announced to bring in Rs 11,000 crore for juice
bo ling infrastructure and fruit processing plants and equipment.ITC and Patanjali also inked MoUs to invest Rs 10,000
crore each. Besides, Amazon, UAE's Sharaf Group and Yes Bank are also among major investors, the statement added.
"These investments will help us realise the goal of doubling farmers' income as well as genera ng massive employment in
the food processing sector," Badal said.While conglomerate ITC said it would invest over Rs 10,000 crore to set up 20
integrated food processing and logis cs facili es, PepsiCo reiterated that it along with its partners would invest Rs 13,000
crore in the next ve years.

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 Disclaimer 6th to 10th November 2017
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Mr. Prateek Gupta (Technical Research Analyst-head)

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