Dated: 30th August 2018

Indices CMP %1D Market Outlook Sensex 38722 -0.45 Nifty 11691 -0.40 Indian markets are expected to open on a flat note and turn volatile on the back of expiry and stable BSE-Midcap 16750 0.47 global cues. Nifty index witnessed sustain buying interest in large caps till the end of session by hitting a BSE-Smallcap 17052 0.05 new record life time high. It managed to surpass immediate hurdle zones and now previous resistance is SGX Nifty 11720 0.14 likely to act as a support to extend its momentum. It has been respecting to its rising channel and a support trend line which confirms its bullish momentum. Now it has to continue to hold above 11620 to extend its move towards 11800-11930 while medium term support is also shifting higher to 11500.

Index FY18 FY19E FY20E Top Domestic News Sensex EPS 1569 1935 2263 P/E 24 19 17 . Mahindra Logistics: Board approved the appointment of Yogesh Patel, VP – Finance of the company, as the CFO Nifty EPS 485 599 695 and KMP of the company, with effect from September 1. P/E 23 19 16 . PNB Housing Finance - NCD worth Rs 585 crore to be allotted on August 30 . Amtek Auto: Q3FY18 loss at Rs 80.21 crore against loss of Rs 241.56 crore in Q3FY17 and loss of Rs 10,652.2 crore in Q2FY18. Revenue at Rs 313.77 crore against Rs 457.2 crore in Q3FY17 and Rs 343.62 crore in Q2FY18. . Unitech: Q1FY19 loss at Rs 72.95 crore against loss Rs 16.47 crore; revenue falls to Rs 76.3 crore versus Rs 195.96 crore (YoY). Global Current %1D . NALCO declares highest ever dividend of Rs 1102 crore for 2017-18 Indices Value . PTC Financial Services: Q1 profit falls to Rs 55.93 crore versus Rs 72.4 crore; provisions and contingencies DowJones 26124 0.23 rose to Rs 17.11 crore versus Rs 14.23 crore (YoY). Nasdaq 8109 0.98 . Pioneer Distilleries will resume its operations from August 30 consequent to the completion of the maintenance DAX 12561 0.27 work at Balapur Village, Nanded, Maharashtra Nikkei 225 22960 0.49 . Greaves Cotton: Board has approved the proposal of investment in Ampere Vehicles Private Limited, to acquire FTSE 100 7563 -0.71 67 percent in the first phase and further 13 percent in a span of three years. Hang Seng 28435 0.07 . Laurus Labs: Company receives USFDA approval for Metformin Hydrochloride tablets which are used for Shanghai 2769 -0.09 treatment of diabetes. Straits Times 3247 0.12 . Celestial Biolabs: The meeting of the board of directors of the company is scheduled on September 3 to consider the further issue of equity shares and/or warrants to promoters and non-promoters group on preferential basis. . : Company completed 100 percent sale of its Integrated Munibai Power Distribution Business to Adani Transmission. . National Fertilizers (NFL): Ramagundam Fertilizers & Chemicals Limited (RFCL) is a joint venture company Trading activity in cash Rs Cr promoted by NFL, EIL and FCIL to revive old FCIL plant at Ramagundam in Telangana. The plant is likely to start Date 29 Aug Net MTD FY19 commercial production by the year 2019. NFL has signed Memorandum of Agreement (MoA) with RFCL to FII -1415 -2973 -37740 market RFCL Products including 12.71 LMT urea to be produced by RFCL plant at Ramagundam. DII 1114 4250 46894 . Reliance to expand operations in U'khand . Tata Tele (Maha) seeks shareholders' nod to raise Rs 20,000 cr . shareholders approve merger proposal with Tata Teleservices . Aditya Birla Fashion gets shareholders' nod to raise up to Rs 1,250 cr via NCDs

Forex Rate Global News USD/INR 70.50 -0.48% EUR/INR 82.33 0.01% Wall Street extended its rally on Wednesday, with the S&P 500 and the Nasdaq hitting record highs for GBP/INR 90.62 -0.33% the fourth straight session as technology companies pushed indexes higher and promising trade JPY/INR 63.42 -0.54% negotiations stoked investor sentiment.The Dow Jones Industrial Average rose 60.55 points, or 0.23 percent, to 26,124.57, the S&P 500 gained 16.52 points, or 0.57 percent, to 2,914.04 and the Nasdaq Composite added 79.65 points, or 0.99 percent, to 8,109.69.Asian stocks rose on Thursday as Wall Street Corporate Action hit record highs in the hope that the current North American Free Trade Agreement (NAFTA) negotiations Stock Name Purpose Ex Date GAIL Final Div Rs 1.44 30-Aug will lead to a further easing of global trade tensions.MSCI’s broadest index of Asia-Pacific shares outside HCL TECH Buy Back 30-Aug Japan nudged up 0.1 percent. Australian stocks added 0.15 percent, and Japan's Nikkei rose to a three- KKCL Final Div Rs 1.50 30-Aug month high, last trading up 0.45 percent. South Korea's KOSPI was little changed. NANEET EDU Buy Back 30-Aug BPCL Final Div Rs 7 31-Aug DIVIS LAB Div Rs 10 31-Aug GRASIM IND Div Rs 6.20 31-Aug

G-Sec Yield Price Change% Results Calender 30-Aug-18 F&O Ban List 1yr Bond Yield 7.32 0.01 NIL DHFL, IDBI, PNB 10yr Bond Yield 7.92 0.03 Dated: 30th August 2018 Technical View NIFTY

After an immense bullish rally of almost 10%, we can see some long unwinding or covering in Nifty. The long term trend still looks positive and bullish but after every colossal rally we can see some covering or bearish move. Last time Nifty retraced almost 50% of its rally and this time we except Nifty to retrace somewhere around 11000 (reason being :

 Last high will act as a support (11171.55)  We can see lot of open interest build near 11000  Lastly, we can see a gap up and 127.8% Fibonacci ratio at 11200.

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