As long as the bullish music is playing, you’ve got to get up and dance. Technically, recapturing Nifty’s 17226 shall revive the bullish momentum towards the 17501-17751 zone. Stocks to ascent: UBL, MCDOWELL, TORRENT POWER, SBI CARDS and SBI.

Daily Research Reports

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. Thursday Morning KSL 02nd September, 2021

Good Morning & Welcome to Thursday’s trading action at Dalal INDICES Street dated 2nd of September 2021. Nifty 17076 -0.33%

This morning, SGX Nifty is in an upbeat mood indicating risk-on theme will Bank Nifty 36574 0.41% prevail at Dalal Street. Nifty Auto Index 10044 0.09%

That brings us to our call of the day which suggests as long as the bullish Nifty FMCG Index 39645 0.29% music is playing, you’ve got to get up and dance. Nifty Infra Index 4728 0.38% Technically speaking, recapturing Nifty’s 17226 shall revive the bullish Nifty IT Index 34111 -1.33% momentum towards 17501-17751 zone. Nifty Media Index 1611 0.56% The preferred trades: Nifty Midcap Index 7585 1.10%

# Nifty (17076): Buy at CMP. Stop 16689. Targets 17257/17321. Nifty Metal Index 5612 -1.79% Aggressive targets at 17501. Nifty Pharma Index 14320 -0.17%

# Bank Nifty (36574): Buy at CMP. Stop 35401. Targets 37709/38557. Nifty Reality Index 408 5.57% Aggressive targets at 40001. Nifty Smallcap Index 10298 0.34%

Sensex 57338 -0.37%

Outlook for Thursday: UBL, McDowell, Torrent Power, SBI SGX Nifty 17146 0.25% Cards and SBI are preferred bets on buy the side.

Well, there are still good reasons to be hopeful and be bullish. We say so Outlook for the Day because there are n numbers of momentum stocks that are seen propelling Buy on dips. the Nifty & Sensex higher lately—— a signal that more gains are on cards.

We also suspect that the climb likely to be smooth.

TOP SECTORS: Nifty Outlook

# Bullish View: FMCG, IT, INFRA, PRIVATE BANK, PSU BANK, REALITY. Intraday Positive (17007-17297) # Bearish view: MEDIA, AUTO. Medium Term Positive (16351-17501) STOCKS IN FOCUS: Long Term Positive (14251-18001) # BULLISH VIEW: #UBL #TORRENT POWER #MCDOWELL #SBI # SBI CARD #LARSEN #PIDILITE #TATA CONSUMER # # #HDFC BANK #RELIANCE #HPCL #BPCL #. Key Levels to Watch

# BEARISH VIEW: #MARUTI #AUBANK #SUNTV #MCX #IDEA # Nifty Support 16957/16807 SRTRANSFIN. Nifty Resistance 17257/17551 # Our chart of the day is bullish on stocks like McDowell, Torrent Power, SBI Cards with an interweek perspective. Pivot Level # The 1 Stock to Buy Right Now: Momentum Call: Buy MCDOWELL Nifty 15575 September Futures for 0-3 days at CMP 738 for an objective of 769/807/821. Stop 701. Alert: BREAKOUT PLAY.

Wealth Visionaries www.kslindia.com Morning KSL

Vedanta Limited has announced a first interim dividend of Rs 18.50 per Technical Strategy share. The decision was confirmed at the meeting of Board of Directors held on September 1, the company said in a regulatory filing. LARSEN 1686

# Maruti will see 60 percent cut in production in September due to shortage Action BUY in supply of semiconductors. This is the second consecutive monthly cut seen by the company due to the chip shortage. Target 1751

# ’s Royal Enfield sales volume declined 9 percent to 50,144 Support 1561/1451 motorcycles in August 2021, against 45,860 motorcycles in August 2020. Resistance 1751/2000 # The Reserve (RBI) on 1 September imposed a monetary penalty of rupees twenty five lakh on for violation of rules. Holding Period 60-90 days

# With the Reserve Bank of India (RBI) lifting the embargo on HDFC Bank Larsen & Toubro Ltd. (LT) is an Indian multinational engineering & on issuing new credit cards, HDFC Bank is now looking to issue 300,000 construction (E&C) conglomerate engaged in EPC Projects, Hi-Tech Manufacturing and Services. Larsen has presence in IT & financial cards per month in the next 2-3 months. Will raise issuance to 500,000 services sectors and operates in over 50 countries. The firm is engaged in core, high impact sectors of the economy and our credit cards per month beginning February 2022. Technically, the stock is integrated capabilities span the entire spectrum of ‘design to delivery’. expected to scale new highs. Larsen has strong, customer-focused approach and the constant quest for top-class quality has enabled the firm to attain and sustain leadership in its major lines of business for over eight decades. Incorporated in 1946, Larsen now commands a market cap of Rs WHAT TECHNICAL TELLS US ON NIFTY/SENSEX: 234,218 Crore. The positive catalysts: Daily chart of Nifty: # Signs of pick-up in economic activity are visible amidst waning of the second wave of the pandemic and lockdown restrictions being eased. Also, with normal monsoon on cards, agriculture sector is likely to remain buoyant and most importantly, the economy is likely to witness robust rebound on backdrop of fiscal stimulus packages by central banks across globe. The vaccination efforts gathering momentum also acts as positive catalyst. # Q1FY22 revenue grew 38.0% YoY and net-profit jumped nearly four-fold to Rs 1,174 crores on backdrop of solid order book coupled with large project executions and robust E&C growth amidst pandemic. # International orders were 20% of the total order book of Rs 323721 crore as on June 30, 2021. Order inflow at Rs. 266bn (+13% YoY), bagged orders worth Rs. 26,557cr in Q1FY22. # EBITDA margin expanded 320bps YoY to 10.8% on operational efficiencies. EBITDA rose 95.7% YoY, while PAT increased 825.8% YoY. # Average execution cycle is 27 months. During the quarter, orders were received in various segments like Metros, Rural Water Supply, Minerals and Metal, Residential, Power Transmission and Distribution, Power and Hydrocarbon Offshore sectors. # The sustained high oil prices are expected to boost the investment momentum in GCC nations. # Technically speaking, the price action for Nifty in near term is # High liquidity, improved leverage, prospective pipeline with better utilization and production is expected to continue in the near- suggesting that we are likely to see a 16901 - 17551 range in near term term. with buy on dips as preferred strategy. The recent sequence of higher Technically, brace yourselves for a major breakout play from a classic ‘Flag pattern’ breakout on the weekly charts. An impulse uptrend is high/low intact on all-time-frames. seen forming on the daily time scale, with positive SAR series, with recent sequence of higher high/low intact on all time frames. Add to that a bullish divergence and a rising stochastic signal (on # Nifty’s 200 day DMA at 14899 mark. weekly charts) with recent increase in volumes signaling a larger rebound. The 200 days Exponential Moving Average (EMA) of the stock on the daily chart is currently at 1417 zone. The level of Rs 1417- # Bank Nifty: The technical are aggressively bullish as Bank Nifty 1425 zone will act as a strong support zone and any corrective declines is signaling a massive breakout on the upside on the monthly to these levels should be used as an opportunity to initiate aggressive long positions. charts from a probable Flag Pattern. Immediate targets seen at A potential entrance exists at CMP, and on dips between 1550-1575 zone, targeting psychological 1750 mark and its all-time-high at 37709 and then aggressive inter-month then aggressive targets at psychological 2000 mark. Stops targets placed at psychological 40000 mark. below 1407. Holding Period: 3-5 Months.

Wealth Visionaries www.kslindia.com Morning KSL

Net-net, positive bias as long Nifty stays above 16827 and Bank Nifty above 35751 mark.

DERIVATIVE & INSTITUTIONAL CUES:

The options data for September series suggests Nifty is likely to be in a trading range of 16700-17200 zone. Maximum Call OI is at 17000 followed by 17500 strike price. So, the 17500 zone is Nifty’s crucial resistance zone. Maximum Put open interest stands at 16500 levels followed by 17000 levels. Call writing was seen at 17500 and then at 17200 strike price, while there was meaningful Put writing at 17000 and then at 16900 strike prices.

# The Put-Call Open Interest Ratio is at 1.49 for Nifty.

# As per Friday’s provisional data available on the NSE, FIIs sold shares worth Rs. 778.75 crores in the Indian Equity Market. DIIs however bought shares worth Rs. 1646.19 crores in the Indian Equity market.

# As per Tuesday’s provisional data available on the NSE, FIIs bought shares worth Rs. 3881.16 crores in the Indian Equity Market. DIIs however sold shares worth Rs. 1872.40 crores in the Indian Equity market.

# As per Wednesday’s provisional data available on the NSE, FIIs bought shares worth Rs. 666.66 crores in the Indian Equity Market. DIIs however sold shares worth Rs. 1287.87 crores in the Indian Equity market.

# Stock banned in F&O segment: NIL.

The POSITIVE CATALYSTS: # The positive takeaway is that the benchmarks Nifty ended August 21 with gains of around 8.69%—most since November 2020—making India the best-performing major global market in August. This month’s surge in the market saw India’s market cap top the Rs 250-trillion mark. Interestingly, from March lows of 7500 —— Nifty is up a whopping 128%. # A dovish Federal Reserve Chairman Jerome Powell at the critical Jackson Hole Economic Symposium speech. Powell’s tapering talk highlights the hesitant Fed approach and most importantly, was not in a hurry to boost near-zero interest rates. # Stocks are racing higher as companies have crushed earnings estimates, prompting the street to revise their estimates upward. # The reopening and recovering of the economy. # Decline in COVID cases and a pick-up in vaccination drive. # Low interest rates environment.

THE NEGATIVE CATALYSTS:

# A hawkish Fed environment.

# India’s GDP still below FY19 despite a 20% quarterly growth

Wealth Visionaries www.kslindia.com Morning KSL

# Covid fears. The spread of the Delta variant keeps rising.

# Global growth concerns. The growth concerns resurfaced as China reported barely-advancing economic activity data for the month of August and Eurozone inflation was estimated at the highest level in a decade, both thanks in part to the lingering affects of the current wave of coronavirus infections.

# China's continued crackdown on its tech sector.

# Overbought technical conditions.

ECONOMIC CUES:

# GST revenue remained above Rs 1 trillion-mark for the second straight month in August at over Rs 1.12 trillion, 30 per cent higher than the collection in the year-ago period, the finance ministry said on Wednesday. The mop up in August is, however, lower than Rs 1.16 trillion collected in July 2021.

# The government data showed that Indian economic growth touched a record high in the quarter through June, reflecting a very weak base last year, a rebound in consumer spending, and improved manufacturing in spite of a devastating second wave of Covid cases.

Gross domestic product rose 20.1% in the three-month period, compared with a record contraction of 24.4% in the same quarter a year earlier.

This is India's fastest growth since official quarterly data started being released in the mid-1990s, which is up sharply from 1.6% in the previous quarter, but a bit slower than the Reserve Bank of India's 21.4% projection.

# China data shows economic activity slowed notable in August, with the services sector contracting amid COVID uncertainty.

# European inflation surges to decade high 3% in August ahead of next week's ECB policy meeting in Frankfurt.

# The Markit Manufacturing PMI for August will be released on Wednesday and Markit Services & Composite PMI data on Friday. Foreign exchange reserves for the week ended August 27 will also be released on Friday.

# Fed tapering are talks back on the table. So, all anxious eyes will be on the September FOMC meeting. Before that, all bullish eyes will be on the US employment data to trickle in this week will be critical for the next monetary policy steps.

# Investors eyeing August non-farm payroll data on Friday: The US employment figures i:e the August Nonfarm Payroll report will trickle in on Friday, 3rd September and is expected to show 665000 new jobs added in the month.

GLOBAL STOCK MARKETS:

Overnight at Wall Street, the benchmark indices mostly rose as markets kicked off the first trading day of September with a jobs report missing expectations and the Nasdaq hitting an intraday high.

The mini rally triggered by Federal Reserve Chairman Jerome Powell's patience on tapering was seen extending.

Wealth Visionaries www.kslindia.com Morning KSL

The tech-heavy Nasdaq reached an intraday high as Apple jumped to an all-high following a Wall Street Journal story that said the tech giant will eventually include a tool to monitor blood pressure and a thermometer to help with fertility planning in its smartwatches.

In the week gone by -- on a weekly basis, the Dow rose 0.96%, the S&P 500 added 1.52% and the Nasdaq gained 2.82%.

RECAP OF PREVIOUS TRADING SESSION:

The mega-rally triggered by dovish Powell did hit the pause button in yesterday’s trade. Also blame the sluggishness to China reporting a barely-advancing economic activity data for August. Eurozone inflation was at the highest level in a decade.

*The key highlights of yesterday’s trade:*

# Nifty retraces from record peak; holds 17k.

# Bank Nifty (+0.41%) outperforms Nifty’s losses of 0.33%.

# Reality shines, up 5.38%. Metals loose shine, down 1.75% after China reported barely-advancing economic activity data for August.

# Only 21 of the Nifty 50 stocks ended in green.

# NSE MidCap and NSE SmallCap Index ended above dotted lines, up 1.03% & 0.37% respectively.

# Top Index Gainers: ASIAN PAINTS (+3.10%), (+2.56%) SBILIFE (+1.87%).

# Top Index Losers: M&M (-2.96%), (-2.73%), (-2.71%).

Wealth Visionaries www.kslindia.com TOP PICKS (F & O) It's like having investment binoculars !

UBL: The technicals are aggressively bullish. Establish long positions.

STOCKS LTP S1 S2 R1 R2 BIAS TRADING STRATEGY

Intermonth Strategy: Buy at CMP. Stop 697. Targets MCDOWELL 736 717 703 769 821 Positive 769/789. Aggressive targets at 821. Momentum Play.

Interweek Strategy: Buy between 851-855 zone. Stop TATA CONSUMER 867 843 823 881 905 Positive 817. Targets 881/905. Aggressive targets at 927.50. Breakout Play.

Intermonth Strategy: Buy between 129-131 zone. Stop 134 129 125 141 153 Positive 123. Targets 139/143. Aggressive targets at 153. Breakout on the upside.

TORRENT POWER 487.85 473 461 509 527 Positive Intermonth Strategy: Buy at CMP. Stop 453. Targets 499/509. Aggressive targets at 527. Breakout Play.

Intermonth Strategy: Buy at CMP. Stop 1489. Targets UBL 1543 1503 1469 1575 1657 Positive 1575/1657. Aggressive targets at 1751. The biggest make-or-break support seen at 1469.

Wealth Visionaries www.kslindia.com EQUITY DERIVATIVES Thursday 02nd September, 2021 Looking into the future from present.

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

Future Call: BUY TATAPOWER SEPTEMBER FUTURES at CMP Nifty Spot 17076.25 (-0.33%) 133.90. Targets at 137 and then at 141. Stop: 130.65. Holding Period: Intraday. Analyst’s Remark: Momentum Play (TATAPOWER Bank Nifty Spot 36574.30 (+0.41%) SEPTEMBER Futures CMP 133.90) VIX 14.1850 (-2.31%)

Option Call: SELL NIFTY 09th SEPTEMBER PE Strike Price 17100 Premium +10 vs -02 at CMP 138. Maximum Profit: Rs. 6,900/-. Loss: Unlimited. Stop: Nifty Future OI 1.42 crores (-0.82%) Exit Put Option if NIFTY below 16925. (NIFTY SEPTEMBER Futures CMP 17086). Bank Nifty Future OI 18.57 lakhs (+3.01%)

Cash Volumes Day Before Market Summary: Yesterday (INR in Cr.) Yesterday • Nifty August Futures ended Wednesday’s session at a premium of BSE Cash Vol. +10 vs discount of -02. 4340.36 6221.24 (Rs. in Cr) • The 02nd September expiry Put-Call Open Interest Ratio was at 0.96 NSE Cash Vol. 64,228.35 82,861.49 for Nifty whereas it was 0.97 for Bank Nifty. (Rs. in Cr) NSE Derivative • The 02nd September expiry Put-Call Volume Ratio was at 0.94 for 71,43,110.66 55,63,110.62 Vol. (Rs. in Cr) the Nifty and 0.90 for Bank Nifty.

• For Nifty, Maximum Call Open Interest (OI) stands at 17200 Strike Derivatives Vol. No of Turnover Price, followed by 17300 Strike Price for 02nd September Series. (INR in Cr.) contracts (Rs. In cr.) Short buildup was seen at strike prices 17100-17600. 3,23,037 28,783 • Maximum Put Open Interest (OI) was seen at strike price 17000 Index Future Volumes followed by 16900 strike prices for 02nd September series. Long Stock Future Volumes 7,95,614 66,583 unwinding was seen at strike prices 16600-16900.

• For Bank Nifty, Maximum Call Open Interest (OI) stands at 38000 Index Option Volumes 7,65,59,988 68,21,776.60 Strike Price and Maximum Put Open Interest stands at 36500 Strike Stock Option Volumes 25,73,749 2,25,967.94 Price.

• As per Wednesday’s provisional data available on the NSE, FIIs Total 8,02,52,388 71,43,110.66 bought shares worth Rs. 666.66 crores in the Indian Equity Market. DIIs on the other hand sold shares worth Rs. 1287.87 crores in the Major Changes in Nifty Options (OI) Indian Equity market.

Calls in lakhs (% Change) • Long Buildup: AXISBANK, TATAPOWER, SBILIFE, UBL. 17200 69.94 (+131%) • Short Buildup: M&M, TATASTEEL, GUJGASLTD, INFY. 17300 59.74 (+73%) • Short Covering: BHEL, TVSMOTOR, LICHSGFIN, CANBK. 17400 33.5 (+61%)

• Long Unwinding: HINDALCO, TCS, MARUTI, ULTRATECH. Puts in lakhs (% Change) • Stocks banned in F&O segment: NIL. 17200 16.39 (+259%) • New in Ban: NIL. 17400 0.72 (+350%) • Out of Ban: CANBK. 17500 1.92 (+668%)

Wealth Visionaries www.kslindia.com Thursday DAILY PIVOT TABLE 02nd September, 2021

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

NIFTY 17076 16735 17418 16527 14898 UP UP UP BANKNIFTY 36574 35843 37306 35829 33536 UP UP UP NIFTYIT 34111 33428 34793 32866 26671 UP UP UP NIFTYMETAL 5612 5500 5725 5646 4319 DOWN UP UP

AARTIIND 921 903 940 934 737 UP UP ABFRL 208 202 214 207 187 DOWN UP DOWN ACC 2424 2376 2473 2331 1906 UP UP UP ADANIENT 1565 1534 1597 1468 1014 UP UP UP ADANIPORTS 745 730 760 707 648 UP UP DOWN ALKEM 3856 3779 3933 3700 3032 UP UP UP AMARAJABAT 712 698 726 708 833 DOWN UP DOWN AMBUJACEM 422 413 430 406 311 DOWN UP UP APLLTD 755 740 770 761 952 DOWN DOWN DOWN APOLLOHOSP 5039 4938 5140 4476 3146 UP UP UP APOLLOTYRE 219 212 225 217 214 DOWN UP DOWN ASHOKLEY 123 119 126 127 117 DOWN DOWN DOWN ASIANPAINT 3303 3237 3369 3041 2685 UP UP UP ASTRAL 2110 2068 2153 2067 1634 DOWN UP UP AUBANK 1156 1133 1179 1285 1056 DOWN DOWN DOWN AUROPHARMA 730 715 744 779 913 DOWN DOWN DOWN AXISBANK 799 783 815 756 704 UP UP UP BAJAJ-AUTO 3758 3683 3833 3767 3779 DOWN DOWN DOWN BAJAJFINSV 16786 16451 17122 15104 10827 UP UP UP BAJFINANCE 7520 7369 7670 6611 5510 UP UP UP BALKRISIND 2330 2283 2376 2329 1895 DOWN DOWN UP BANDHANBNK 286 277 294 288 335 DOWN UP DOWN BANKBARODA 78 76 81 79 74 DOWN UP DOWN BATAINDIA 1775 1740 1811 1710 1538 UP UP UP BEL 190 184 196 177 143 UP UP UP BERGEPAINT 829 812 845 814 760 DOWN UP DOWN BHARATFORG 781 765 797 774 649 DOWN UP DOWN BHARTIARTL 666 653 680 617 545 UP UP UP BHEL 55 53 57 55 51 DOWN UP DOWN 355 344 365 365 406 DOWN DOWN DOWN BPCL 477 467 487 460 433 UP UP DOWN BRITANNIA 4015 3935 4096 3754 3567 UP UP UP CADILAHC 552 541 563 558 527 DOWN DOWN DOWN CANBK 161 156 166 155 143 UP UP UP CANFINHOME 582 571 594 534 520 UP UP UP CHOLAFIN 569 557 580 518 490 UP UP UP CIPLA 923 904 941 916 866 DOWN UP DOWN COALINDIA 144 140 149 142 140 UP UP DOWN 5168 5064 5271 4915 3305 UP UP UP COLPAL 1701 1667 1735 1664 1612 DOWN UP DOWN CONCOR 689 675 702 670 562 UP UP UP COROMANDEL 795 779 811 819 806 DOWN DOWN DOWN CUB 160 155 165 150 168 UP UP DOWN CUMMINSIND 1006 986 1026 966 780 UP UP UP DABUR 626 614 639 598 546 UP UP UP DEEPAKNTR 2304 2258 2351 2138 1504 UP UP UP DIVISLAB 5203 5099 5307 4944 4002 UP UP UP DIXON 4143 4060 4226 4131 3648 DOWN UP DOWN DLF 333 323 343 328 278 DOWN UP UP DRREDDY 4763 4668 4859 4679 4963 DOWN UP DOWN EICHERMOT 2703 2649 2757 2623 2617 DOWN UP DOWN ESCORTS 1348 1321 1375 1272 1268 UP UP UP EXIDEIND 170 165 175 165 187 UP UP DOWN FEDERALBNK 82 80 85 83 79 DOWN UP DOWN FINNIFTY 18036 17675 18397 17372 15962 UP UP UP GAIL 145 140 149 145 138 UP DOWN DOWN GLENMARK 532 521 543 556 546 DOWN DOWN DOWN GMRINFRA 30 29 31 29 27 UP UP UP GODREJCP 1098 1076 1120 1018 802 UP UP UP GODREJPROP 1561 1529 1592 1532 1387 DOWN UP UP GRANULES 345 335 355 353 348 DOWN DOWN DOWN GRASIM 1486 1456 1516 1494 1284 DOWN UP UP GUJGASLTD 704 690 718 728 523 DOWN DOWN UP HAL 1350 1323 1377 1167 998 UP UP UP 1345 1318 1372 1241 1039 UP UP UP HCLTECH 1165 1141 1188 1115 965 UP UP UP HDFC 2748 2693 2803 2694 2531 UP UP UP HDFCAMC 3098 3036 3160 2970 2906 UP UP DOWN HDFCBANK 1579 1548 1611 1522 1473 UP UP UP HDFCLIFE 719 704 733 681 683 UP UP UP HEROMOTOCO 2741 2686 2796 2752 3038 DOWN UP DOWN HINDALCO 458 449 467 436 335 UP UP UP HINDPETRO 267 259 275 259 248 UP UP DOWN HINDUNILVR 2733 2678 2788 2517 2350 UP UP UP IBULHSGFIN 232 225 239 244 223 DOWN DOWN DOWN ICICIBANK 720 706 734 700 601 UP UP UP IDEA 6 6 6 6 10 DOWN DOWN DOWN IDFCFIRSTB 44 43 46 45 51 DOWN DOWN DOWN IEX 560 549 572 431 326 UP UP UP IGL 549 538 560 533 520 DOWN UP UP INDHOTEL 147 143 151 142 127 UP UP UP INDIGO 1916 1878 1954 1711 1681 UP UP UP INDUSINDBK 999 979 1019 1011 964 DOWN DOWN UP INDUSTOWER 216 210 223 216 241 DOWN DOWN DOWN INFY 1678 1644 1711 1698 1385 UP DOWN UP IOC 111 107 114 106 99 UP UP DOWN IPCALAB 2533 2482 2584 2396 2100 UP UP UP IRCTC 2746 2691 2801 2620 1848 UP UP UP ITC 210 203 216 209 208 UP UP UP JINDALSTEL 371 360 382 399 351 DOWN DOWN DOWN JSWSTEEL 677 663 690 720 547 DOWN DOWN UP JUBLFOOD 4003 3923 4083 3814 3007 UP UP UP KOTAKBANK 1747 1712 1782 1749 1816 UP UP DOWN L&TFH 84 81 87 84 90 DOWN UP DOWN LALPATHLAB 4180 4096 4263 3890 2813 UP UP UP LICHSGFIN 408 400 416 394 419 UP UP DOWN LT 1686 1653 1720 1624 1424 UP UP UP LUPIN 962 943 981 1012 1063 DOWN DOWN DOWN M&M 770 755 785 778 785 UP UP UP M&MFIN 162 157 167 152 173 UP UP DOWN MANAPPURAM 164 159 169 176 167 DOWN DOWN DOWN MARICO 547 536 558 526 449 UP UP UP MARUTI 6785 6649 6921 6903 7203 DOWN UP DOWN MCDOWELL-N 736 721 750 676 598 UP UP UP MCX 1501 1471 1531 1520 1578 DOWN DOWN UP METROPOLIS 2898 2840 2956 2776 2354 DOWN UP UP MFSL 1074 1053 1096 1063 870 DOWN UP UP MGL 1150 1127 1173 1137 1116 DOWN UP DOWN 3601 3529 3673 3171 2108 UP UP UP MOTHERSUMI 217 211 224 220 204 DOWN UP DOWN 2834 2778 2891 2776 1860 UP DOWN UP NAM-INDIA 407 399 415 399 345 UP UP UP NATIONALUM 89 85 92 84 62 UP UP DOWN NAUKRI 6215 6091 6339 5593 4851 UP UP UP NAVINFLUOR 4024 3943 4104 3742 3041 UP UP UP NESTLEIND 19827 19430 20223 18947 17552 UP UP UP NMDC 152 148 157 165 144 DOWN DOWN DOWN NTPC 115 112 119 116 107 DOWN DOWN UP OFSS 4654 4560 4747 4550 3518 UP UP UP ONGC 120 116 123 116 106 UP UP UP PEL 2595 2543 2646 2646 1877 UP DOWN UP PFC 129 125 133 129 120 DOWN DOWN UP 5837 5720 5954 5798 5178 UP DOWN UP PIIND 3375 3308 3443 3186 2555 UP UP UP PNB 37 36 39 37 38 DOWN UP DOWN POLYCAB 2127 2084 2169 1885 1475 UP UP UP POWERGRID 176 170 181 177 162 UP DOWN UP PVR 1336 1309 1363 1359 1345 DOWN DOWN UP RAMCOCEM 1014 994 1034 1003 954 DOWN UP DOWN RBLBANK 171 166 176 171 215 DOWN UP DOWN RECLTD 153 148 157 149 141 DOWN UP DOWN RELIANCE 2267 2222 2312 2163 2044 UP UP UP SAIL 120 116 124 128 94 DOWN DOWN DOWN SBILIFE 1221 1196 1245 1149 952 UP UP UP SBIN 430 421 438 426 362 DOWN UP UP SHREECEM 28478 27909 29048 27214 26893 UP UP DOWN 2286 2240 2331 2176 1849 UP UP UP SRF 9930 9731 10128 9103 6432 UP UP UP STAR 609 597 621 654 804 DOWN DOWN DOWN SUNPHARMA 789 773 804 780 641 UP UP UP SYNGENE 630 617 642 621 587 DOWN UP UP TATACHEM 841 824 858 834 660 UP DOWN UP TATACONSUM 867 850 885 813 660 UP UP UP TATAMOTORS 295 286 304 294 282 DOWN UP DOWN TATAPOWER 133 129 137 130 100 UP UP UP TATASTEEL 1411 1383 1439 1425 929 DOWN DOWN UP TCS 3715 3641 3789 3506 3128 UP UP UP TECHM 1436 1408 1465 1371 1034 UP UP UP TITAN 1939 1901 1978 1842 1568 UP UP UP TORNTPHARM 3168 3104 3231 3041 2738 UP UP UP TORNTPOWER 488 478 498 468 398 UP UP UP TVSMOTOR 530 519 540 538 567 DOWN DOWN DOWN UBL 1543 1512 1574 1438 1263 UP UP UP ULTRACEMCO 7767 7612 7922 7540 6351 DOWN UP UP UPL 749 734 764 757 641 DOWN DOWN DOWN VEDL 298 289 307 304 223 DOWN UP DOWN 1046 1025 1067 999 963 UP UP DOWN 642 629 655 619 475 UP UP UP ZEEL 174 169 179 181 206 DOWN DOWN DOWN

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 Visionaries www.kslindia.com DAILY PIVOT TABLE Thursday 02nd September, 2021

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

ALUMINIUM 1 216 209 222 208 183 UP UP UP CARDAMOM 1 1505 1475 1535 1478 2690 DOWN UP DOWN CASTOR 1 5888 5770 6006 5819 4897 DOWN DOWN UP CHANA 1 5152 5049 5255 5071 4962 UP DOWN UP COPPER 1 724 709 738 720 686 UP UP DOWN COTTON 1 26900 26362 27438 26390 22654 UP UP UP CRUDEOIL 1 5026 4925 5127 5016 4544 DOWN UP DOWN GOLD 1 47120 46178 48062 47111 47665 DOWN UP DOWN GUARGUM5 1 9597 9405 9789 8444 6439 UP DOWN UP GUARSEED10 1 6018 5898 6138 5180 4133 UP DOWN UP JEERAUNJHA 1 14440 14151 14729 13817 13691 DOWN DOWN UP LEAD 1 178 173 184 178 168 UP DOWN UP MENTHAOIL 1 1038 1017 1059 936 960 UP UP UP NATURALGAS 1 318 309 328 300 225 UP UP UP NICKEL 1 1449 1420 1478 1448 1313 DOWN DOWN UP RMSEED 1 8198 8034 8362 7869 6526 UP UP UP RUBBER 1 18019 17659 18379 17952 15067 UP UP UP SILVER 1 62916 61658 64174 63600 67402 DOWN DOWN DOWN SYBEANIDR 1 8001 7841 8161 8955 6306 DOWN DOWN DOWN ZINC 1 249 242 257 248 230 UP UP UP

Wealth Visionaries www.kslindia.com The Compass …Direction at a glance

MCX GOLD : A weaker US dollar keeps gold well supported. The next big event awaiting markets is Nonfarm Payrolls on Friday.

Instrument LTP S1 S2 R1 R2 Bias TRADING STRATEGY

The biggests hurdles at 47711. All eyes on Friday's NFP. 'Falling rates, MCX GOLD 47075 46770 45662 47711 48159 Positive stagflation, the best environment for gold. Intraday Strategy: Buy at CMP, targeting 47711/48159/48789. Stop at 46961.

Silver inched up in yesterday's trade. Confirmation of strength only above MCX SILVER 63888 62357 61227 65157 67359 Positive 65157. Intraday Strategy: Buy at CMP, targeting 65157/ 66197/67359. Strict Stop at 61937.

Oil prices slipped in yesterday's trade following the weaker-than-expected China PMI data and the prospect of a 400,000 barrel per day increase in MCX CRUDE OIL 4999 4911 4713 5057 5189 Negative production from OPEC+ plus members starting next month. Intraday Strategy: Sell at CMP, targeting 4911/ 4713 mark. Strict Stop at 5097.

Copper prices traded sluggish on global growth concerns. Buying MCX COPPER 708.10 703 691 727 733 Neutral advisable only above 733. Downside risk seen at 691. Intraday strategy: Sell between 713-717 zone. Targets 703/691/677. Strict stop at 737.

MCX Natural Gas prices flared up in yesterday's trading session. Key MCX NATURAL 341.5 327 319 327 345 Positive support seen at 327. Intraday Strategy: Buy between 331-333 zone, GAS targeting 353/367 mark. Stop at 317.

USD/INR inched up slightly amidst weakness in domestic equities. Key 73.08 72.89 72.37 73.19 73.51 Negative support now seen at 72.89. Interweek hurdles seen at 73.51 zone. USD-INR Interweek Strategy: Sell between 73.15-73.17 zone, targeting 72.89/72.37 mark. Strict Stop at 73.53.

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Fed tapering are talks back on the table. So, all anxious eyes will be on the September FOMC meeting and this Friday's NFP.

Instrument LTP S1 S2 R1 R2 Bias TRADING STRATEGY

Key support at 1791 mark. Interweek Strategy: Establish buy positions GOLD (USD) 1815 1803 1791 1847 1875 Positive between 1807-1815 zone. Targets 1847/1857/1875 mark with stop at 1787.

SILVER (USD) 24.10 22.97 22.39 25.05 25.67 Positive Key support at 22.39. Interweek Strategy: Establish buy positions at CMP. Targets 25.05/27.67 with stop at 22.71.

WTI CRUDE 68.25 65 62.5 70.5 72.75 Negative Interweek Strategy: Establish sell positions at CMP. Targets 67.50/65. OIL (USD) Stop at 71.05.

EUR/USD 1.1845 1.1559 1.4598 1.1816 1.1929 Neutral Interweek Strategy: Establish short positions between 1.1801-1.1805 zone. Targets 1.1559/1.1559 with stop at 1.1957.

US Dollar Index 92.46 92.25 91.10 94.00 95.75 Negative Interweek Strategy: Establish sell positions at CMP. Targets 92.25/91 with stop at 94.05.

Wall Street trades with positive bias after Federal Reserve Chairman Jerome Powell said the central bank gradually could begin pulling back on stimulus this DOW JONES 35367 34551 32795 36219 37251 Positive year since the economy has met the Fed's criteria on progress in inflation and employment. Interweek Strategy: Establish buy positions at CMP. Targets 36219 and then aggressive targets at 37251 mark with stop at 34359.

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