A person who keeps patience

is sure to win in share market.

Suresh Rathi
Wealth Creator thru Systematic Investment

Daily Research Reports Suresh Rathi

Wealth Creator thru Systematic Investment

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.
 Suresh Rathi Market Forecast Tuesday
Wealth Creator thru Systematic Investment 11th June, 2024

# Good Morning & Welcome to Tuesday’s trading session at Dalal INDICES

Street, dated June 11th 2024. Nifty 23259 -0.13%

# The Good News: Nirmala Sitharaman returns as India's finance minister. Bank Nifty 49781 -0.04%

# Simply put, any uncertainty is not put to rest as policy continuation is likely Nifty Auto Index 25023 0.01%

to continue. Nifty FMCG Index 57992 0.07%

# Sitharaman will now be gearing up for her 7th Budget where she is Nifty Infra Index 8807 0.62%

expected to strike a balance by providing fiscal consolidation policy, support Nifty IT Index 34526 -1.83%
to growth calls for continued emphasis on capital spending.
Nifty Media Index 2007 1.87%

# The other three key ministries remain same with Amit Shah as the home Nifty Midcap Index 14908 -0.30%
minister, Rajnath Singh as defence minister and Dr S Jaishankar as external
Nifty Metal Index 9796 -0.38%
affairs minister.
Nifty Pharma Index 19775 1.00%
# The most surprising addition to the Cabinet was TDP MP Ram Mohan Naidu,
Nifty Reality Index 1084 1.32%
who has become the new Civil Aviation Minister, replacing the BJP's
Jyotiraditya Scindia, who has been given charge of the Telecom Ministry. Nifty Smallcap Index 17475 1.51%

Sensex 76490 -0.27%

# Now, before we get into details, here is the preferred trade on
Nifty and Bank Nifty: SGX Nifty 23281 0.21%

Nifty (23259): Buy between 23100-23150 zone. Stop at 22501. Targets

23500/23751. Aggressive targets at 24000-24250 zone. Outlook for the Day
Choppy & Volatile
Bank Nifty (49781): Buy between 49300-49500 zone. Stop at 48301.
Targets 50100/50701. Aggressive targets at 51100-51500 zone.

Nifty Outlook
Outlook on Tuesday: Nifty is likely to consolidate.

Wealth Creator thru Systematic Investment

Suresh Rathi
Intraday Positive (23100-23500)

# The positive takeaway from yesterday’s session was that Nifty and Sensex Medium Term Positive (21750-23500)
printed new record high at 23412.90 and 77079.04 respectively. Long Term Positive (20500-24500)

# It is shaping to be a big week for traders on the macroeconomic and

monetary policy fronts. Among key highlights will be:

ü India’s CPI inflation and domestic IIP data to trickle in on Wednesday, Key Levels to Watch
June 12th Nifty Support 23000/22507

ü China’s CPI and PPI numbers are scheduled for Wednesday, June 12th Nifty Resistance 23501/23750

ü The US May inflation data this Wednesday, June 12th.

Pivot Level
ü An interest-rate decision by the Federal Reserve to be wired on
Nifty 21751
Wednesday, June 12th.

Wealth Creator thru Systematic Investment

 Suresh Rathi Market Forecast
Wealth Creator thru Systematic Investment
STOCKS TO WATCH:
# SECTORS:
# Bullish Sectors: METAL, BANK NIFTY, PHARMA, PSE, REALITY.
# Bearish Sectors: IT.
# BULLISH STOCKS (Long Build-up+ Short Covering): BALKRISHNA
INDUSTRIES, HAL, RAMCO CEMENT, INDIGO, TVS MOTORS, BAJAJ AUTO,
TATA MOTOR, NTPC, IDEA, POWERGRID, RBL BANK, RELIANCE, NMDC,
ABBOTINDIA.
# BEARISH STOCKS (Long Unwinding + Short build-up): SBI LIFE,
INFY, PERSISTENT, CUMMINS INDIA, METROPOLIS, IOC, COLPAL.
# Our chart of the day bullish on stocks like BALKRISHNA INDUSTRIES,
BANK OF BARODA, IEX, and INDIGO with an interweek/intermonth
perspective on any corrective declines.
FII/DII & OPTIONS DATA:
# The Put-Call Open Interest Ratio was at 1.10 for Nifty.
# In yesterday’s trade, both FIIs and DIIs were net buyers to the tune of
Rupees 2572 crores and Rupees 2764 crores respectively.
# The Nifty options data suggests Nifty is likely to be in a trading range of
22000-24000 zone. Maximum Call OI is at 24000 followed by 24500 strike
prices. So, the 24000 mark is now Nifty’s crucial resistance zone.
Maximum Put open interest stands at 23000 levels followed by 22000 levels.
So, the 22000 mark is now Nifty’s biggest support zone for the day on closing
basis.
Call writing was seen at 24000 and then at 24500 strike price, while there was
meaningful Put writing at 23000 and then at 22300 strike prices.
# Stocks banned in F&O segment: BALRAMPUR CHINNI, INDIA CEMENT,
SAIL, ZEE ENTERTAINMENT
WHAT TECHNICAL TELLS US ON NIFTY
Wealth Creator thru Systematic Investment
Technical Strategy
GMR INFRA 87
Action BUY
Target 101
Support 72/55
Resistance 101/121
Holding Period 9-12 Months.
Airport Infrastructure: An industry on the cusp of a boom
The good news is that India's aviation sector is gearing up for a
promising ascent as the number of domestic passengers in India is
expected to surge to 300 million annually by 2030 from 153 million in
2023. Also, the number of airports, and waterports will increase to
over 200 from the existing 149 in the country.
Meanwhile, the domestic air passenger traffic witnessed 15%
growth CAGR while that of international 6.1% in the last decade. In
the last 15 years, domestic cargo witnessed a growth of 60 per cent
international at 53%.
Long story short: There is a significant untapped market for
aviation in India. India's aviation penetration would be at 10 to 15 per
cent and still be a potential market.
GMR Airports Infrastructure Ltd. (CMP 86.70): Market Cap
(Rs 52,332 Cr.)
Be a part of the future in flight.
Incorporated in 1998, GMR Airports Infrastructure is a leading
infrastructure developer in the airport sector – primarily engaged in
development, operation and maintenance of airports along with
offering integrated security solutions. GMR Airports stands as Asia's
largest private airport operator and ranks among the world's largest,
managing over 100 million passengers annually.
The airport portfolio comprises the iconic Delhi International
Airport (the largest and fastest growing airport in India), Hyderabad
Wealth Creator thru Systematic Investment
Suresh Rathi
International Airport in India, New Goa Manohar International Airport
and the architecturally renowned Mactan Cebu International Airport in
Cebu, Philippines (in partnership with Megawide).
It is also currently developing Bhogapuram airport in India and
Crete airport in Greece. Both airports are poised to transform the
economy and landscape of the surrounding areas when ready.
GMR Infra benefits as there sizeable unlocking opportunity from
the strong air traffic growth outlook, travel retail opportunity and
upward thrust in aerospace tariffs.
GMR Airports Infrastructure Consolidated quarterly numbers:
Net Sales at Rs 2,446.78 crore in March 2024 up 29.14% from Rs.
1,894.62 crore in March 2023.
Quarterly Net Loss at Rs. 120.97 crore in March 2024 up 72.6%
from Rs. 441.47 crore in March 2023.
EBITDA stands at Rs. 940.35 crore in March 2024 up 156.75%
from Rs. 366.25 crore in March 2023.
Establishing long positions at CMP and on any corrective declines
between 70-75 zone should be the preferred trading strategy,
targeting 101/107 zone and then aggressive targets seen at 121-125
zone. Stop below 59. Holding Period: 9-12 Months.
 Suresh Rathi Market Forecast
Wealth Creator thru Systematic Investment

Daily chart of Nifty:

# Nifty: In yesterday’s trading session, bullish consolidation was the preferred theme as Nifty ended lower in an up-and-
down session. The positive takeaway was that the benchmark scaled fresh all-time-high at 23411.90 mark.

Nifty’s all-time-high now at 23411.90 mark.

In the process, Nifty formed a small spinning top candle but that said, the structure still appears quite bullish on the daily
charts.

The technical landscape suggests Nifty’s major support at 23000/22507 mark. Interweek support seen at 21900 mark.

Nifty’s hurdles seen at 23500/24000 mark.

Nifty’s 200 DMA at 21167 mark.

Daily chart of Bank Nifty:

Wealth Creator thru Systematic Investment

Suresh Rathi

# Bank Nifty: In Monday’s trading session, Bank Nifty witnessed massive bullish consolidation and the positive takeaway
was that the benchmark ended only a tad below the dotted lines.

Wealth Creator thru Systematic Investment

 Suresh Rathi Market Forecast
Wealth Creator thru Systematic Investment

Bank Nifty’s all-time-high continues to be at 51133.20 mark.

Bank Nifty was mostly seen mirroring Nifty’s range bound consolidation action. Bank Nifty ended with 0.04% losses as against
Nifty’s 0.13% losses.

Interestingly, in Monday’s trade, Nifty PSU Bank index ended 0.71% higher while Nifty Private Bank index ended 0.09%
higher.

Intraday support for Bank Nifty now seen at 49300/48500 mark and then at 46375 mark on closing basis.

In today’s trade, Bank Nifty is likely face resistance only at 50500/51133 mark. Bank Nifty’s 200-DMA is placed at 46278 mark.

ECONOMIC CUES:

# Data from the ISM showed that the US services activity expanded the most in nine months, above expectations, while prices
faced by the sector slowed more than expected to prevent the pressure of a hawkish outlook for the Fed.

In the meantime, the ADP report showed that private businesses added fewer jobs than expected, in line with other data that
points to a softening, albeit healthy labor market.

# The Personal Consumption and Expenditures (PCE) Price Index, which measures consumer spending, was up 0.3% from
March to April, matching what was seen the month prior and arriving in line with economists' predictions. The annual increase
in the PCE index was also unchanged at 2.7%.

GLOBAL STOCK MARKETS:

In Monday’s trade at Wall Street, US stocks were trading mixed and blame it on a strong jobs report Friday which diminished
hopes that the Federal Reserve will lower interest rates this year.

The positive takeaway was that the Nasdaq Composite was leading the major stock indexes on Monday, thanks to a big boost
from chip stocks.

Wealth Creator thru Systematic Investment

Suresh Rathi
The Fed delivers its latest decision on Wednesday, the same day new data for the consumer price index are released. While
traders earlier this year had hoped for rate cuts by now, inflation has remained sticky and growth hasn’t cooled much.

Traders now see the Fed waiting until at least September before cutting rates, according to the CME FedWatch tool.

RECAP OF PREVIOUS DAY’S TRADING SESSION:

Nifty and Sensex end lower after printing new record high at 23411.90 and 77079.04 respectively.

Anxiety prevailed as all eyes on the portfolio allocations under the new government.
NIFTY (-31, 23259)
Sensex (-203, 76490)
Bank Nifty (-22, 49781)

Wealth Creator thru Systematic Investment

 Suresh Rathi Market Forecast
Wealth Creator thru Systematic Investment

In the morning session, investors were seen greeting Prime Minister Narendra Modi returning as PM for third straight term.

But later in the session, anxiety prevailed as the street seen speculating for Nirmala Sitharaman as the ideal choice as Finance
Minister in Modi 3.0

# Long story short: Volatility could again spike if there is any change in the Finance Ministry portfolio.

# *BUZZING STOCKS FOR THE DAY:*

*Top Index Gainers:*
ULTRACEMCO (+3.26%)
GRASIM (+2.43%)
HEROMOTOCORP (+2.30%)
CIPLA (+2.12%)
POWERGRID (+2.09%).

*Top Index Losers:*

TECHM (-2.66%)
INFOSYS (-2.31%)
WIPRO (+1.88%)
LTIM (+1.59%)
BAJFINANCE (+1.53%)

# Adv-Dec 27—23

Wealth Creator thru Systematic Investment

Suresh Rathi
# INDIA VIX 16.39 (-2.90%)
# NIFTY PCR (13th June) 0.83
# NIFTY PCR (27th June) 1.12

# Nifty MidCap 50 (-0.30%, 14908)

# NiftySmallC (+1.51%, 17475)
# BANK Nifty (-0.045%, 49781)
# Nifty IT (-1.83%, 34526)
# USD/INR (+0.10%, 83.53)

Wealth Creator thru Systematic Investment

Suresh Rathi
Wealth Creator thru Systematic Investment
TOP PICKS (F & O)
It's like having investment binoculars !

INDIGO: Swing traders get ready, Your favorite stock (INDIGO) is aiming a major higher high/low play.

STOCKS LTP S1 S2 R1 R2 BIAS TRADING STRATEGY

Buy between 3175-3201 zone. Stop at 2957. Targets

BALKRISHNA 3251 3121 2911 3301 3551 Positive 3257/3355. Aggressive targets at 3551. (Interweek
Strategy). Rationale: Breakout Play.
INDUSTRIES

Buy at CMP. Stop at 303. Targets 351/369. Aggressive

HIND COPPER 337 303 281 369 400 Positive targets at 400. (Interweek Strategy). Rationale:
Oversold zone.

Wealth Creator thru Systematic Investment

Suresh Rathi
Buy between 159-161 zone. Stop at 149. Targets
IEX 165 155 141 173 195 Positive 173/183. Aggressive targets at 195. (Intermonth
Strategy). Rationale: Breakout Play.

Buy at CMP. Stop at 4301. Targets 4621/4751.

INDIGO 4567 4325 4151 4621 5000 Positive Aggressive targets at 5000. (Interweek Strategy).
Rationale: Momentum Play.

Buy at CMP. Stop at 3281. Targets 3587/3671.

LARSEN 3544 3407 3187 3671 3779 Positive Aggressive targets at 3779. (Interweek Strategy).
Rationale: Rebound Play.

Wealth Creator thru Systematic Investment

 Tuesday
Suresh Rathi EQUITY DERIVATIVES 11th June, 2024
Wealth Creator thru Systematic Investment Looking into the future from present.

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

Future Call: BUY SRF JUNE FUTURES at CMP 2352. Targets at Nifty Spot 23259.20 (-0.13%)
2411 and then at 2451. Stop at 2299. Holding Period: Intraday.
Analyst’s Remark: Rebound Play. (SRF JUNE Futures CMP 2352) Bank Nifty Spot 49780.90 (-0.045%)

VIX 16.39 (-2.90%)

Premium -29 vs +50

Option Call: BUY NIFTY 13th JUNE CE Strike Price 23400 at CMP
90. Maximum Loss: 2,250. Profit: Unlimited. Stop: Exit Call Option Nifty Future OI 1.23 crores (-6.55%)
if NIFTY moves below 23175. (NIFTY JUNE Futures CMP 23230) 24.74 lakhs (-6.68%)
Bank Nifty Future OI

Market Summary: Cash Volumes Day Before

Yesterday
(INR in Cr.) Yesterday
• Nifty June Futures ended Monday’s session at a discount of -29 vs
premium of +50. BSE Cash Vol.
9552.39 11538.83
(Rs. in Cr)
• The 27th June expiry Put-Call Open Interest Ratio was at 1.10 for NSE Cash Vol.
1,27,364.64 1,36,819.69
Nifty. (Rs. in Cr)
NSE Derivative
• The 27th June expiry Put-Call Volume Ratio was at 0.89 for the Nifty. 36,39,500 22,51,367
Vol. (Rs. in Cr)
• For Nifty, Maximum Call Open Interest (OI) stands at 24000 Strike
Price, followed by 25000 Strike Price for 27th June Series. Short Buildup Derivatives Vol. No of Turnover
was seen at strike prices 22700-23900. (INR in Cr.) contracts (Rs. In cr.)

• Maximum Put Open Interest (OI) was seen at strike price 22000 Index Future Volumes 1,66,298 10,649
followed by 20000 strike prices for 27th June series. Short Buildup was
seen at strike prices 22000-22200. Stock Future Volumes 7,46,181 58,104

• For Bank Nifty, Maximum Call Open Interest (OI) stands at 47000 Index Option Volumes 4,70,81,366 34,71,414
Strike Price and Maximum Put Open Interest stands at 47000 Strike
Price. Stock Option Volumes 11,77,863 99,333

Wealth Creator thru Systematic Investment

Suresh Rathi
• As per Monday’s provisional data available on the NSE, FIIs bought Total 4,91,71,708 36,39,500
shares worth Rs. 2572.38 crores in the Indian Equity Market. DIIs too,
bought shares worth Rs. 2764.46 crores.
Major Changes in Nifty Options (OI)
• Long Buildup: TATACOMM, SRF, TATAMOTORS.
Calls in lakhs (% Change)
• Short Buildup: MPHASIS, COFORGE, TECHM
23200 0.47 (+52%)
• Short Covering: POWERGRID, HDFCLIFE, JUBLFOOD.
23400 0.25 (+32%)
• Long Unwinding: VEDL, NATIONALUM, SBICARD. 23600 0.32 (+14%)

• Stocks banned in F&O Segment: BALRAMCHIN, INDIACEM,

SAIL, ZEEL. Puts

• New in Ban: INDIACEM. 23300 0.33 (+32%)

23400 0.18 (+29%)
• Out of Ban: NIL.
23500 0.44 (+10%)

Wealth Creator thru Systematic Investment

 Suresh Rathi
Wealth Creator thru Systematic Investment DAILY PIVOT TABLE Tuesday
11th June, 2024

Stock CMP Support Resistance 21 DMA 200 DMA Intraday Short Term Long Term
Nifty 50 23259 22794 23724 22649 21167 UP DOWN DOWN
Bank Nifty 49781 48785 50777 48647 46278 DOWN DOWN DOWN
FINNIFTY 22155 21712 22598 21649 20608 UP DOWN DOWN
NIFTY PVT BANK 24685 24191 25179 24137 23588 DOWN DOWN DOWN
NIFTYOILGAS 11687 11453 11921 11645 9884 UP DOWN DOWN
Nifty Auto 25023 24522 25523 23632 19052 UP UP UP
Nifty Commodities 9079 8897 9261 8910 7593 UP DOWN DOWN
Nifty FMCG 57992 56832 59152 55567 53766 UP UP UP
Nifty IT 34526 33836 35217 33472 34044 UP UP UP
Nifty Infra 8807 8631 8983 8649 7378 UP DOWN DOWN
Nifty Media 2007 1967 2048 1867 2148 UP UP UP
Nifty Metal 9796 9600 9992 9655 7813 UP DOWN DOWN
Nifty MidCap 50 14908 14610 15206 14534 12915 UP DOWN DOWN
Nifty PSE 10340 10133 10547 10373 7973 UP DOWN DOWN
Nifty PSU Bank 7334 7187 7481 7249 6061 DOWN DOWN DOWN
Nifty Pharma 19775 19379 20170 19113 17206 UP UP UP
Nifty Realty 1084 1062 1105 1012 791 UP DOWN UP
Nifty Smallcap 100 17475 17126 17825 16745 14793 UP UP UP

AARTIIND 664 651 677 630 597 UP UP DOWN

ABB 8062 7901 8223 8228 5288 DOWN DOWN UP
ABBOTINDIA 27936 27377 28495 26536 25052 UP UP UP
ABCAPITAL 233 226 240 224 186 UP DOWN UP
ABFRL 324 314 334 285 234 UP UP UP
ACC 2543 2492 2594 2512 2270 UP DOWN DOWN
ADANIENT 3220 3156 3285 3185 2839 DOWN DOWN DOWN
ADANIPORTS 1384 1356 1412 1380 1096 DOWN DOWN DOWN
ALKEM 5031 4931 5132 5155 4605 UP DOWN DOWN
AMBUJACEM 640 628 653 622 527 UP DOWN DOWN
APOLLOHOSP 6057 5936 6178 5909 5711 UP DOWN DOWN
APOLLOTYRE 487 477 497 477 452 UP DOWN UP
ASHOKLEY 231 224 238 217 180 DOWN DOWN UP
ASIANPAINT 2938 2879 2996 2877 3054 UP DOWN DOWN
ASTRAL 2161 2118 2204 2154 1960 UP DOWN UP
ATUL 5974 5855 6094 5857 6481 UP UP DOWN
AUBANK 669 656 683 637 676 UP UP UP
AUROPHARMA 1249 1224 1274 1210 1029 UP UP UP
AXISBANK 1200 1176 1224 1160 1067 DOWN UP UP
BAJAJ-AUTO 9733 9538 9928 9115 7055 UP UP UP
BAJAJFINSV 1566 1534 1597 1568 1603 UP DOWN DOWN
BAJFINANCE 7089 6947 7231 6800 7165 UP UP UP
BALKRISIND 3251 3186 3316 2946 2514 UP UP UP
BALRAMCHIN 397 385 409 382 399 UP DOWN UP
BANDHANBNK 198 192 204 188 215 UP DOWN DOWN
BANKBARODA 276 268 285 266 234 UP DOWN UP
BANKNIFTY 49781 48785 50777 48647 46278 DOWN DOWN DOWN
BATAINDIA 1483 1453 1512 1373 1514 UP UP UP
BEL 283 275 292 272 184 UP DOWN UP
BERGEPAINT 492 482 502 484 561 UP DOWN DOWN
BHARATFORG 1581 1549 1612 1520 1190 UP DOWN UP
BHARTIARTL 1426 1398 1455 1358 1090 UP DOWN UP
BHEL 284 276 293 292 199 UP DOWN DOWN
BIOCON 340 330 350 313 267 UP UP UP
BOSCHLTD 30765 30149 31380 30817 24482 UP UP UP
BPCL 603 591 615 624 492 DOWN DOWN UP
BRITANNIA 5488 5379 5598 5241 4866 UP UP UP
BSOFT 680 666 694 620 657 UP UP UP
CANBK 121 117 125 116 96 DOWN DOWN UP
CANFINHOME 773 758 789 745 767 UP UP DOWN
CHAMBLFERT 426 417 434 400 342 UP DOWN DOWN
CHOLAFIN 1360 1333 1387 1274 1180 UP UP UP
CIPLA 1534 1504 1565 1457 1326 UP UP UP
COALINDIA 478 468 487 478 381 DOWN DOWN DOWN
COFORGE 5220 5116 5325 4962 5615 UP UP UP
COLPAL 2944 2885 3003 2758 2407 UP UP UP
CONCOR 1055 1034 1076 1065 860 DOWN DOWN DOWN
COROMANDEL 1440 1411 1468 1289 1151 UP UP UP
DEEPAKNTR 2302 2256 2348 2346 2241 UP DOWN DOWN
DIVISLAB 4536 4446 4627 4203 3738 UP UP UP
DIXON 10086 9884 10287 9136 6519 UP DOWN UP
DLF 848 831 865 832 727 UP DOWN DOWN
DRREDDY 6106 5984 6228 5878 5850 UP DOWN DOWN
EICHERMOT 4783 4687 4878 4714 3903 UP DOWN UP
ESCORTS 4052 3971 4133 3838 3141 UP UP UP
EXIDEIND 526 515 536 487 331 UP UP UP
FEDERALBNK 165 160 170 163 151 UP DOWN UP
GAIL 208 202 214 203 160 UP DOWN UP
GLENMARK 1206 1182 1230 1100 890 UP UP UP
GMRINFRA 87 84 90 85 74 UP DOWN DOWN
GNFC 667 654 680 655 673 UP DOWN DOWN
GODREJCP 1423 1395 1452 1328 1133 UP UP UP
GODREJPROP 2845 2788 2902 2797 2143 UP DOWN UP
GRANULES 473 464 483 427 394 UP UP UP
GRASIM 2447 2398 2496 2387 2103 UP DOWN UP
GUJGASLTD 590 578 602 556 499 UP UP DOWN
HAL 4813 4716 4909 4725 2915 UP DOWN UP
HAVELLS 1857 1820 1894 1833 1449 DOWN UP UP
HCLTECH 1419 1390 1447 1348 1412 UP UP UP
HEROMOTOCO 5722 5608 5837 5204 4031 UP UP UP
HINDALCO 676 663 690 674 547 UP UP UP
HINDCOPPER 337 327 347 364 245 DOWN DOWN DOWN
HINDPETRO 522 512 532 524 404 DOWN DOWN UP
HINDUNILVR 2565 2514 2617 2402 2445 UP UP UP
IEX 165 160 170 155 144 UP DOWN UP
IGL 470 461 479 452 434 UP DOWN UP
JSWSTEEL 916 898 934 895 822 UP UP UP
JUBLFOOD 523 513 533 491 504 UP UP UP
KOTAKBANK 1746 1711 1781 1695 1761 UP UP DOWN
L&TFH 165 160 170 158 153 UP UP DOWN
LALPATHLAB 2784 2728 2839 2620 2437 UP UP UP
LAURUSLABS 444 435 453 437 405 UP DOWN DOWN
LICHSGFIN 674 661 688 644 555 UP DOWN DOWN
LT 3544 3473 3615 3528 3319 DOWN DOWN DOWN
LTIM 4903 4805 5002 4768 5301 UP UP UP
LTTS 4799 4703 4895 4562 4917 UP UP DOWN
LUPIN 1634 1601 1667 1630 1398 UP UP UP
M&M 2808 2751 2864 2539 1807 UP UP UP
M&MFIN 284 276 293 269 279 UP UP UP
MANAPPURAM 178 172 183 176 166 UP DOWN DOWN
MARICO 652 639 665 609 542 UP UP UP
MARUTI 12718 12463 12972 12657 11082 UP UP UP
MCDOWELL-N 1315 1289 1341 1203 1101 UP UP UP
MCX 3646 3573 3718 3735 3052 UP DOWN DOWN
METROPOLIS 2007 1967 2047 1926 1637 UP UP UP
MFSL 954 935 973 963 954 DOWN DOWN DOWN
MGL 1412 1384 1440 1315 1238 UP UP UP
MOTHERSON 165 160 170 141 109 UP UP UP
MPHASIS 2395 2347 2442 2352 2439 UP UP DOWN
MRF 126963 124424 129503 128016 124595 UP DOWN DOWN
MUTHOOTFIN 1759 1724 1795 1709 1430 UP UP UP
NATIONALUM 183 178 189 189 134 DOWN DOWN DOWN
NAUKRI 6227 6102 6351 6073 5062 UP DOWN UP
NAVINFLUOR 3436 3367 3504 3317 3577 UP DOWN DOWN
NESTLEIND 2548 2497 2599 2463 2452 UP UP DOWN
NMDC 255 247 262 262 201 UP DOWN DOWN
NTPC 365 354 376 362 300 UP DOWN DOWN
OBEROIRLTY 1899 1861 1937 1768 1375 UP UP UP
OFSS 8406 8238 8574 7737 5896 UP UP UP
ONGC 259 251 267 270 229 DOWN DOWN DOWN
PAGEIND 38653 37880 39426 36469 37191 UP UP UP
PEL 821 805 838 815 931 UP DOWN DOWN
PERSISTENT 3746 3671 3820 3556 3512 UP UP DOWN
PETRONET 303 294 312 303 251 DOWN DOWN UP
PFC 486 476 496 474 361 DOWN DOWN DOWN
PIDILITIND 3174 3111 3238 3029 2689 UP UP UP
PIIND 3641 3568 3713 3623 3585 UP DOWN UP
PNB 125 122 129 126 101 DOWN DOWN DOWN
POLYCAB 6799 6663 6935 6652 5253 DOWN UP UP
POWERGRID 316 306 325 314 247 DOWN DOWN UP
PVRINOX 1346 1319 1373 1325 1538 UP DOWN DOWN
RAMCOCEM 877 859 894 775 903 UP UP UP
SUNTV 725 711 740 679 643 UP UP UP
SYNGENE 710 696 725 682 726 UP UP DOWN
TATACHEM 1086 1064 1108 1069 1042 UP DOWN DOWN
TATACOMM 1859 1822 1896 1791 1798 UP UP DOWN
TCS 3859 3782 3936 3826 3745 UP UP DOWN
TECHM 1340 1314 1367 1297 1254 UP UP UP
TITAN 3422 3354 3491 3343 3470 UP UP DOWN
TORNTPHARM 2864 2807 2921 2699 2321 UP UP UP
TRENT 4969 4870 5069 4678 3233 UP UP UP
TVSMOTOR 2437 2388 2486 2226 1895 UP UP UP
UBL 2146 2103 2189 1924 1732 UP UP UP
ULTRACEMCO 10826 10610 11043 10017 9363 UP UP UP
UPL 552 540 563 519 543 UP UP UP
Wealth Creator thru Systematic Investment
Suresh Rathi

VEDL 444 435 453 451 287 UP DOWN UP

VOLTAS 1461 1432 1490 1362 1039 UP UP UP
WIPRO 475 466 485 457 450 UP UP UP
ZEEL 164 159 169 146 212 UP UP UP
ZYDUSLIFE 1086 1064 1108 1044 784 UP DOWN UP

All level indicated above are based on cash market prices.

Pivot Point

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

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

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

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

Wealth Creator thru Systematic Investment

 Suresh Rathi
Wealth Creator thru Systematic Investment
The Navigator
…Sailing global trend

Dow Jones appears buy on dips

Instrument LTP S1 S2 R1 R2 Bias TRADING STRATEGY

Gold corrects heavily. Interweek Strategy: Sell at CMP. Targets 2281/2257

GOLD $ 2328 2281 2257 2345 2377 Negative mark with stop at 2348.

Silver too corrects brutally. Interweek Strategy: Sell at CMP. Targets

SILVER ($) 29.82 28.81 28.35 29.71 30.22 Negative 28.81/28.35 mark with stop at 29.71.

WTI CRUDE Crude Oil prices rebound amidst oversold conditions. Interweek strategy:

Wealth Creator thru Systematic Investment

Suresh Rathi
77.88 75 71 79 84.00 Positive Buy at CMP. Targets 79/84 with stop at 72.45.
OIL ($ )

EUR/USD weakens amidst strength in US Dollar Index. Interweek

EUR/USD 1.0757 1.0721 1.0331 1.1157 1.1451 Negative Strategy: Sell at CMP. Targets 1.0721/1.0331 with stop at 1.1157.

US Dollar Index rebounds. Interweek Strategy: Buy at CMP. Targets

US Dollar Index 104.78 103.65 101.00 107.00 109.00 Positive 107/109 with stop at 103.65.

Dow rebounds. Interweek strategy: Estaish buy positions at CMP. Targets

DOW JONES 38847 38251 37751 39001 39451 Positive 39001 and then at 39451 with stop at 38251.

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 Suresh Rathi Group

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Suresh Rathi
Wealth Creator thru Systematic Investment
Suresh Rathi Securities (P) Ltd.
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 Suresh Rathi Securities (P) Ltd. in the
company research undertaken as the recommendations stated in this report is derived
purely from technical analysis. Suresh Rathi Securities (P) Ltd. has based this document
on information obtained from sources it believes to be reliable but which it has not
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Suresh Rathi
Mobile no. 9649654000 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.
Email: info@sureshrathi.in The information and any disclosures provided herein are in summary form and have been
Web: www.sureshrathi.com prepared for informational purposes. The recommendations and suggested price levels
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POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report)

Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No.
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