Institutional Equity Research NIFTY 9916 IN FOCUS July 18, 2017 Support 9880 Stock in Focus SBI

MARKET LENS 9840 Positional Pick GAIL Resistance 9960 Intraday Pick HEXAWARE 10000 Intraday Pick HAVELLS

EQUITY INDICES

Indices Absolute Change Percentage Change Domestic Last Trade Change 1-D 1-Mth YTD BSE Sensex 32,074.8 54.0 0.2% 3.3% 20.5% CNX Nifty 9,916.0 29.6 0.3% 3.4% 21.1% S&P CNX 500 8,659.5 18.8 0.2% 2.9% 24.0% SENSEX 50 10,282.3 30.8 0.3% 3.5% 22.0%

International Last Trade Change 1-D 1-Mth YTD DJIA 21,629.7 (8.0) 0.0% 1.1% 9.4% NASDAQ 6,314.4 2.0 0.0% 2.6% 17.3% NIKKEI 19,995.0 (123.9) -0.6% 0.3% 4.6% HANGSENG 26,523.9 53.4 0.2% 3.5% 20.6% MSCI Emerging Mkts 1,051.5 4.5 0.4% 4.8% 22.0%

ADRs / GDRs Last Trade Change 1-D 1-Mth YTD Dr. Reddy’s Lab (ADR) 41.7 (0.2) -0.5% 0.0% -8.0% STOCK IN FOCUS (ADR) 35.2 (0.2) -0.5% 0.9% 2.3% (ADR) 15.6 (0.0) -0.2% 6.6% 5.5% ff SBI closed 0.6% higher, outperforming benchmark NIFTY by 0.3% ICICI Bank (ADR) 9.3 0.0 0.1% 5.0% 37.0% ff Post mega merger, SBI stands to gain market share in fast- HDFC Bank (ADR) 90.6 (0.2) -0.3% 2.2% 49.3% growing Retail and SME segments. Further, the Bank has been (GDR) 39.7 0.1 0.3% 1.0% 21.0% able to deliver relatively better operating performance compared Reliance Ind (GDR) 47.9 0.5 1.1% 11.4% 51.8% to its peers despite elevated stress in balance sheet. COMMODITY MARKET ff Moreover, the Bank has been able to clean-up its loan book effectively, which reasonably assures us that it will continue to Key Commodities Last Trade Change 1-D 1-Mth YTD surprise positively on operating and asset quality fronts from Brent Crude ($/bl) 48.5 0.1 0.2% 2.5% -14.6% FY18E onwards. Silver ($/Oz) 16.2 0.1 0.4% -3.0% 1.7% ff Realignment of PCR and assets classification of the associate Gold ($/Oz) 1,237.7 3.6 0.3% -0.5% 7.9% banks at standalone level further boosts our confidence in SBI’s Copper LME ($/MT) 5,971.0 65.8 1.1% 5.9% 8.1% performance, going forward. Aluminium LME ($/MT) 1,896.3 (12.0) -0.6% 2.2% 11.3% ff Recent capital raising of Rs15,000 crore will further help the bank Baltic Dry 900.0 12.0 1.4% 5.8% -6.3% to support its growth plan over next 3 years. CURRENCY RATES ff We reiterate our BUY recommendation on the stock with an Last Trade Change 1-D 1-Mth YTD SOTP-based Target Price of Rs355 (valuing parent at 1.6x FY19 USD/INR 64.4 64.4 -0.1% -0.1% -5.3% Adj. BV implying standalone value at of Rs316, while valuing EUR/INR 73.8 73.6 0.3% 2.2% 2.9% subsidiaries at Rs39 after 15% holding company discount). RATES Positional Pick Last Trade Change 1-D 1-Mth YTD GAIL (LTP: 386) BUY T-Bill - 91 D 6.2 6.2 0.2% -1.5% -0.5% For today’s trade, long position can be initiated at 380 for target of Rs 10 Year G-sec Yield 6.5 6.5 -0.1% -0.5% -0.9% 413 with a strict stop loss of Rs 365 INVESTMENT ACTIVITY (RS. CR) Intraday Picks Category BUY SELL NET Prev FII 4,554.1 4,225.5 328.6 673.6 HEXAWARE (LTP: 243) BUY DII 2,374.8 2,821.9 (447.1) (136.3) For today’s trade, long position can be initiated at Rs 241 for target of Rs 250 with a strict stop loss of Rs 238. Traders are advised to avoid EXCHANGE TURNOVER early morning whipsaw. Exchange Rs Crore HAVELLS (LTP: 466) SELL BSE Equity 3,549.8 For today’s trade, short position can be initiated at Rs 470 for target of BSE Derivatives 19.68 Rs 458 with a strict stop loss of Rs 475. Traders are advised to avoid NSE Equity 24,497.5 early morning whipsaw. NSE Derivatives 3,73,908. 1 Institutional Equity Research NIFTY 9916 IN FOCUS July 18, 2017 Support 9880 Stock in Focus SBI

MARKET LENS 9840 Positional Pick GAIL Resistance 9960 Intraday Pick HEXAWARE 10000 Intraday Pick HAVELLS

Technical Research

MARKET SYNOPSIS ff Yesterday, NSE-NIFTY remained sideways post firm opening and later utilized that consolidation to record new life-time- high of 9,928 level during the day. Finally, NIFTY closed the session at 9,916 mark with the gain of 30 points. ff NSE Cash segment reported turnover of Rs24,498 crore as compared to Rs27,523 crore earlier. ff Overall market breadth remained flat to negative, where 822 stocks advanced against 871 declined stocks. ff Positive trend was observed across all the sectoral indices during the day baring FMCG index (declined by 1.7%). Metal, IT and Realty indices emerged as top gainers with the increase of 1%, 1.1% and 1.5% respectively. However, rest of the sectoral indices advanced in between 0.3% to 0.7%.

NSE-NIFTY OUTLOOK ff NSE-NIFTY began brand new week on a stable note, where index managed to hold prior gains and closed above 9,900 mark. As mentioned earlier, our view will remain positive on NIFTY and we believe that index will keep recording new highs. However, one should utilize such sideways movement or any decline from here to create fresh long position in the market. On the lower side, its short-term and medium-term moving averages (i.e. 20-day and 50-day EMAs) will continue to work as key reversal point for the index, which are now placed at 9,710 and at 9,570 levels respectively. On the higher side, NIFTY will face major hurdle around the psychological mark-10,000. ff As for the day, support is placed at around 9,880 and then at 9,840 levels, while resistance is observed at 9,960 and then around at 10,000 levels.

2 Institutional Equity Research NIFTY 9916 IN FOCUS July 18, 2017 Support 9880 Stock in Focus SBI

MARKET LENS 9840 Positional Pick GAIL Resistance 9960 Intraday Pick HEXAWARE 10000 Intraday Pick HAVELLS

Technical Research Positional Pick: GAIL CMP: 386 | RECO: BUY | AT: 380 | TARGET: 413 | STOP LOSS: 365

ff The stock has bounced back from its 200 day average with positive momentum in the past week, there was mild profit booking in today’s trade which should be used to buy on declines. ff The key technical indicator RSI has also reversed turning upwards confirming the uptrend in the coming days. . ff The stock is has closed above its band of its averages and with the sector in focus it is likely to outperform in the sector ff Thus, for today’s trade, long position can be initiated at Rs.380 for target of Rs 413 with a stop loss of Rs 365.

3 Institutional Equity Research NIFTY 9916 IN FOCUS July 18, 2017 Support 9880 Stock in Focus SBI

MARKET LENS 9840 Positional Pick GAIL Resistance 9960 Intraday Pick HEXAWARE 10000 Intraday Pick HAVELLS Derivatives Snapshot ff Nifty opened higher on back of global cues, but remained flat consolidating in a tight range of 33 points throughout the day. Nifty closed up by 30 points at 9,916 levels. Among the nifty stocks 40 stocks advanced and 11 declined during the day. ff Sectorally it was a mixed bag with Realty, IT and Metals to gain by 1.4%, 1.1% and 0.9% while FMCG declined by 1.7% respectively. ff Broader market indices remained flat to positive with NIFTY 100,200 and 500 to close up by 0.3% average while midcap indices and small cap indices gained by 0.2% and 0.5% respectively. ff Nifty July futures ends with 17 points premium at 9,933 mark, while on other hand, Bank Nifty July futures ended with the premium of 12 points at 24,027 mark. ff We continue to believe markets should consolidate and would face resistance near the round mark of 10,000 levels. Nifty 9800 PE has the highest OI of 64 lakhs shares average while on the upside 9,900 and 10,000 series has the highest call OI of 44 lakhs shares.

Sectoral Activity: Amongst sectoral index, Energy and Cement remained in focus with positive momentum.

Stock Activity: OIL and Ultrarech observed build up in short position.

TOP 5 PRICE GAINERS Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance SREI INFRASTRUCTURE FINAN 126.20 10.75% 556.46% 45.93% 118 124 132 JUBILANT FOODWORKS LTD 1272.70 9.28% 338.86% 44.74% 1194 1240 1319 JAIPRAKASH ASSOCIATES LTD 22.30 7.47% 141.90% -3.06% 21 22 23 REAL EST. LTD 205.35 4.21% 131.86% -2.20% 197 202 211 LIMITED 2755.25 3.18% 154.09% 1.17% 2694 2732 2793

TOP 5 PRICE LOSERS Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance LTD 148.40 -8.93% 297.42% 21.05% 139 151 161 KARNATAKA BANK LIMITED 158.65 -4.28% 104.69% 12.86% 157 160 162 ITC LTD 325.15 -3.56% 263.73% 5.13% 319 327 333 NHPC LTD 31.20 -2.65% 82.34% 6.69% 31 31 32 GODFREY PHILLIPS LT 1227.05 -2.62% 45.63% -1.06% 1209 1235 1252

TOP 5 OI GAINERS Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance ACC LIMITED 1747.40 -0.44% 29.65% 50.05% 1723 1750 1775 SREI INFRASTRUCTURE FINAN 126.20 10.75% 556.46% 45.93% 118 124 132 JUBILANT FOODWORKS LTD 1272.70 9.28% 338.86% 44.74% 1194 1240 1319 JUSTDIAL LTD. 357.45 -0.03% 130.77% 29.23% 348 357 367 FORTIS HEALTHCARE LTD 148.40 -8.93% 297.42% 21.05% 139 151 161

TOP 5 OI LOSERS Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance LTD 1306.60 2.77% 162.72% -20.48% 1284 1308 1330 INTERGLOBE AVIATION LTD 1283.50 0.26% -2.17% -5.85% 1272 1283 1294 STRIDES SHASUN LIMITED 1046.25 0.06% -38.65% -4.71% 1027 1046 1065 ORIENTAL BANK OF COMMERCE 149.40 0.13% -50.59% -4.65% 148 149 150 LIMITED. 409.00 2.16% -61.52% -4.47% 398 405 416

4 Institutional Equity Research NIFTY 9916 IN FOCUS July 18, 2017 Support 9880 Stock in Focus SBI

MARKET LENS 9840 Positional Pick GAIL Resistance 9960 Intraday Pick HEXAWARE 10000 Intraday Pick HAVELLS Derivatives Snapshot

TOP 5 “RISE IN % DEL CHG” Stock Name LTP % Price Chg % Vol Chg %Del Chg Support Pivot Resistance LTD 1144.00 2.13% 304.04% 513.08% 1118 1133 1158 MRPL 123.10 -1.83% 377.12% 512.29% 121 124 126 UNITED BREWERIES LTD 820.70 1.20% 252.33% 477.31% 809 821 833 LTD 1145.30 2.09% 186.27% 351.57% 1133 1148 1161 ITC LTD 325.15 -3.56% 263.73% 340.85% 319 327 333

TOP 5 “DECLINE IN % DEL CHG” Stock Name LTP % Price Chg % Vol Chg %Del Chg Support Pivot Resistance ORACLE FIN SERV SOFT LTD. 3676.20 -0.09% -61.46% -86.58% 3654 3682 3704 TV18 BROADCAST LIMITED 41.40 -0.48% -75.10% -79.93% 41 42 42 LTD 483.80 0.20% -47.60% -76.50% 480 484 487 GRANULES INDIA LIMITED 139.80 -0.50% -62.93% -75.87% 139 140 141 NESTLE INDIA LIMITED 6878.20 0.99% -65.16% -75.63% 6807 6853 6924

SECTORAL ACTIVITY Value Average of OI Average of Price Total Average of Total OI Change % Change % Volume Volume Change % Consumer Discretionary 635310095 1.84% 0.17% 73713527 24.90% Consumer Staples 185773100 4.27% 0.64% 38680249 65.18% Energy 294151900 3.23% -0.10% 46228228 37.52% Financials 1792744496 2.84% 0.11% 169706802 6.45% Health Care 194101100 0.77% -0.31% 44794711 -5.02% Industrials 202842475 1.97% 0.26% 18469768 21.31% Information Technology 105885350 4.04% 0.11% 15471287 8.07% Materials 1368382550 2.58% 0.90% 220447138 18.10% Telecommunication Services 291007600 -0.48% 0.01% 18824109 -35.79% Utilities 1045384400 2.28% 0.03% 63767217 12.40% Grand Total 6115583066 2.45% 0.21% 710103036 17.10%

5 Institutional Equity Research NIFTY 9916 IN FOCUS July 18, 2017 Support 9880 Stock in Focus SBI

MARKET LENS 9840 Positional Pick GAIL Resistance 9960 Intraday Pick HEXAWARE 10000 Intraday Pick HAVELLS Pivot Table Name LTP Support 2 Support 1 Pivot Resistance 1 Resistance 2 Nifty 50 9916.0 9879.5 9897.7 9913.0 9931.2 9946.5 Nifty Bank 24015.1 23845.8 23930.4 23998.3 24082.9 24150.7 ACC LIMITED 1747.4 1697.9 1722.7 1749.8 1774.5 1801.6 ADANI PORT & SEZ LTD 381.3 369.8 375.5 379.6 385.4 389.5 LTD 266.2 260.1 263.1 265.3 268.3 270.5 LIMITED 1125.5 1109.7 1117.6 1123.1 1131.0 1136.6 LTD 751.6 719.7 735.6 750.6 766.5 781.5 AXIS BANK LIMITED 510.5 505.5 508.0 511.0 513.5 516.5 LIMITED 2821.3 2788.1 2804.7 2816.6 2833.2 2845.2 164.4 161.4 162.9 164.3 165.7 167.1 LIMITED 408.5 404.1 406.3 408.1 410.3 412.2 BOSCH LIMITED 24602.6 24143.7 24373.2 24531.6 24761.0 24919.4 CORP LT 467.5 456.5 462.0 465.5 471.0 474.5 LTD 556.5 541.8 549.1 554.1 561.4 566.4 LTD 247.0 243.1 245.0 248.0 250.0 253.0 DR. REDDY’S LABORATORIES 2697.3 2673.0 2685.1 2694.4 2706.5 2715.8 LTD 28059.6 27743.8 27901.7 28067.8 28225.7 28391.8 GAIL (INDIA) LTD 386.2 376.7 381.4 385.9 390.7 395.2 HCL TECHNOLOGIES LTD 868.1 834.6 851.3 860.7 877.4 886.8 HDFC LTD 1652.4 1638.9 1645.6 1652.3 1659.0 1665.6 HDFC BANK LTD 1682.4 1671.7 1677.0 1682.3 1687.7 1693.0 HERO MOTOCORP LIMITED 3764.4 3715.5 3739.9 3762.5 3786.9 3809.4 LTD 209.2 204.9 207.0 208.3 210.4 211.6 LTD. 1153.0 1120.4 1136.7 1146.3 1162.6 1172.3 INDIABULLS HSG FIN LTD 1142.5 1111.3 1126.9 1136.6 1152.2 1162.0 ICICI BANK LTD. 303.5 296.5 300.0 302.3 305.8 308.0 INDUSIND BANK LIMITED 1581.1 1550.5 1565.8 1575.3 1590.5 1600.0 BHARTI INFRATEL LTD. 418.7 413.6 416.1 418.2 420.7 422.8 INFOSYS LIMITED 984.1 965.4 974.7 983.4 992.7 1001.4 INDIAN OIL CORP LTD 373.6 365.5 369.5 373.1 377.1 380.7 ITC LTD 325.2 312.7 318.9 327.0 333.2 341.3 LTD 979.7 968.4 974.1 982.0 987.7 995.6 LARSEN & TOUBRO LTD. 1171.3 1152.3 1161.8 1171.9 1181.4 1191.5 1146.8 1131.3 1139.0 1144.7 1152.5 1158.2 MAHINDRA & MAHINDRA LTD 1384.6 1362.3 1373.5 1389.4 1400.6 1416.5 INDIA LTD. 7522.3 7461.2 7491.7 7534.9 7565.4 7608.6 NTPC LTD 168.6 166.8 167.7 168.3 169.2 169.9 OIL AND NATURAL GAS CORP. 160.1 157.8 158.9 159.9 161.0 162.0 POWER GRID CORP. LTD. 216.7 214.3 215.5 216.5 217.7 218.7 LTD 1551.8 1526.9 1539.3 1549.5 1561.9 1572.1 STATE 293.0 287.8 290.4 292.3 294.9 296.7 SUN PHARMACEUTICAL IND L 571.5 562.0 566.7 572.2 577.0 582.5 TATA MOTORS LIMITED 454.2 450.2 452.2 455.3 457.3 460.4 TATA MOTORS DVR ‘A’ ORD 272.2 268.4 270.3 272.9 274.8 277.5 CO LTD 83.4 82.4 82.9 83.5 84.0 84.6 LIMITED 559.8 553.6 556.7 560.2 563.3 566.9 TATA CONSULTANCY SERV LT 2395.5 2360.0 2377.7 2399.9 2417.6 2439.8 LIMITED 391.9 384.2 388.0 393.1 396.9 402.0 ULTRATECH CEMENT LIMITED 4347.8 4138.7 4243.2 4307.6 4412.1 4476.5 269.5 260.4 264.9 267.5 272.0 274.6 LTD 266.9 259.0 262.9 268.5 272.4 277.9 LIMITED 1547.5 1523.8 1535.6 1555.3 1567.1 1586.8 ZEE ENTERTAINMENT ENT LTD 524.3 507.5 515.9 520.4 528.8 533.4

6 Institutional Equity Research NIFTY 9916 IN FOCUS July 18, 2017 Support 9880 Stock in Focus SBI

MARKET LENS 9840 Positional Pick GAIL Resistance 9960 Intraday Pick HEXAWARE 10000 Intraday Pick HAVELLS Simple Moving Average Scrip Name Close Rate 20-SMA 50-SMA 100-SMA 200-SMA HIGH_52WEEK LOW_52WEEK NIFTY 9916.0 9672.5 9587.2 9349.6 8881.0 9928.2 7893.8 BANK NIFTY 24015.1 23543.5 23295.2 22324.7 20690.0 24066.1 17606.9 SENSEX 50 10282.3 10032.9 9932.2 9673.2 9171.7 10282.3 8144.6 ACC 1747.4 1636.0 1642.1 1556.4 1489.7 1776.9 1256.6 ADANIPORTS 381.3 371.3 359.4 340.5 311.4 383.7 216.1 AMBUJACEM 266.2 250.5 246.8 241.9 233.4 281.7 191.0 ASIANPAINT 1125.5 1129.5 1137.7 1098.8 1047.2 1225.2 849.6 AUROPHARMA 751.6 686.7 629.5 643.8 689.6 895.0 503.1 AXISBANK 510.5 508.9 508.7 507.0 494.4 638.3 424.4 BAJAJ-AUTO 2821.3 2788.8 2845.6 2846.2 2791.7 3120.0 2510.0 BANKBARODA 164.4 162.3 173.0 172.2 166.7 202.5 135.3 BHARTIARTL 408.5 383.3 374.2 362.7 341.2 410.2 283.1 BHEL 141.2 137.1 146.7 157.1 145.4 182.8 116.1 BOSCHLTD 24602.6 23924.7 23789.0 23161.2 22233.5 25670.9 17671.6 BPCL 467.5 438.4 462.5 455.9 440.9 512.8 359.0 CIPLA 556.5 544.5 542.7 562.8 568.7 621.3 480.2 COALINDIA 247.0 249.6 260.6 278.5 294.9 350.0 242.6 DRREDDY 2697.3 2674.6 2623.6 2664.6 2883.7 3689.9 2380.4 EICHERMOT 28059.6 27728.9 28259.4 26630.0 24906.1 30051.0 19530.0 GAIL 386.2 367.1 386.4 388.3 358.4 433.7 268.3 GRASIM 1306.6 1231.2 1173.5 1123.6 1014.3 1375.0 781.9 HCLTECH 868.1 847.5 852.7 847.4 828.8 909.6 715.0 HDFC 1652.4 1639.7 1603.7 1534.7 1422.5 1682.2 1183.2 HDFCBANK 1682.4 1673.7 1633.5 1538.6 1389.7 1748.0 1158.0 HEROMOTOCO 3764.4 3732.6 3684.4 3475.0 3336.6 3880.6 2849.5 HINDALCO 209.2 197.1 196.1 193.7 181.1 210.4 130.4 HINDUNILVR 1153.0 1104.4 1069.9 987.3 913.3 1156.0 782.0 ICICIBANK 303.5 292.4 287.4 270.4 256.1 305.2 215.1 IDEA 88.9 83.9 83.2 89.3 84.5 123.5 65.8 INDUSINDBK 1581.1 1521.3 1485.4 1437.4 1307.4 1585.0 1036.7 INFRATEL 418.7 394.2 383.9 356.1 354.0 422.4 281.8 INFY 984.1 950.1 957.1 972.6 977.0 1096.5 901.0 ITC 325.2 324.1 308.4 291.7 268.0 367.7 222.0 KOTAKBANK 979.7 969.5 961.6 911.1 835.5 1004.7 692.5 LT 1171.3 1149.1 1161.0 1113.5 1029.2 1222.6 863.4 LUPIN 1146.8 1097.4 1161.7 1294.0 1388.8 1750.0 1036.2 M&M 1384.6 1374.6 1376.5 1338.3 1298.5 1509.0 1141.4 MARUTI 7522.3 7356.8 7160.9 6655.2 6092.8 7589.0 4405.0 NTPC 168.6 160.5 159.7 161.4 161.1 178.3 143.3 ONGC 160.1 160.9 170.4 179.5 185.5 211.8 144.7 POWERGRID 216.7 210.1 208.0 203.4 195.2 217.5 161.8 RELIANCE 1551.8 1450.3 1382.3 1347.6 1196.1 1559.6 930.0 SBIN 293.0 283.5 288.6 284.8 271.8 315.3 222.1 SUNPHARMA 571.5 549.7 566.0 621.0 650.6 855.0 492.7 TATAMOTORS 454.2 445.9 451.3 456.0 479.3 598.4 417.3 TATAPOWER 83.4 81.9 81.4 83.2 80.1 91.2 67.0 TATASTEEL 559.8 540.4 506.9 491.4 456.4 566.0 348.7 TCS 2395.5 2389.7 2451.8 2436.0 2369.3 2744.8 2051.9 TECHM 391.9 385.2 400.7 430.9 445.4 515.3 356.7 ULTRACEMCO 4347.8 4077.0 4169.7 4080.8 3847.6 4533.1 3050.0 WIPRO 266.9 259.4 261.6 255.2 244.4 284.0 204.1 YESBANK 1547.5 1484.8 1480.9 1507.3 1382.2 1651.9 1090.6 ZEEL 524.3 503.1 511.6 517.7 502.4 589.9 427.7 7 Institutional Equity Research NIFTY 9916 IN FOCUS July 18, 2017 Support 9880 Stock in Focus SBI

MARKET LENS 9840 Positional Pick GAIL Resistance 9960 Intraday Pick HEXAWARE 10000 Intraday Pick HAVELLS Bulk Deals Snapshot Deal Date Scrip Code Company Client Name Deal Type* Quantity Price ** 17/07/2017 511589 AVONMORE AMIYA RANJAN HATI S 139,958 15.9 17/07/2017 539799 BHARATWIRE ARCADIA SHARE & STOCK BROKERS PVT. LTD S 300,000 100.33 17/07/2017 530249 BRIDGESE ANAR RAJANBHAI SHAH B 73,500 10.26 17/07/2017 530249 BRIDGESE DINESH GHEWAR CHAND JAIN S 72,000 10.26 17/07/2017 530829 CILSEC SUSHMA JAIN B 40,000 40.95 17/07/2017 534691 COMCL RATHOD MANOJ CHHAGANLAL HUF S 70,660 39.37 17/07/2017 534691 COMCL RATHOD MANOJ CHHAGANLAL HUF B 70,660 39.2 17/07/2017 590022 EASTSILK RADHABAI RAMJI JAVERI B 658,986 4.46 17/07/2017 539009 GBL SHREE BHUVANAKARAM TRADINVEST PVT LTD B 133,010 30.05 17/07/2017 539009 GBL SHREE MALLIKARJUN TRAD INVEST PRIVATE LIMITED B 125,000 30.05 17/07/2017 539009 GBL VIMALA ANANDRAJ OSTWAL S 137,010 30.05 17/07/2017 539009 GBL SAYAR S BHANDARI S 120,000 30.05 17/07/2017 540613 GEL SHREE GAJANAN PAPER AND BOARDS PVT LTD B 18,000 44.01 17/07/2017 540614 GGENG SECUROCROP SECURITIES INDIA PRIVATE LIMTED B 120,000 20.5 17/07/2017 540614 GGENG DINESH SHAH S 30,000 20.7 17/07/2017 540614 GGENG DINESH SHAH B 30,000 20.1 17/07/2017 540614 GGENG VAIBHAV S PANDYA S 48,000 20.5 17/07/2017 540614 GGENG VAIBHAV S PANDYA B 48,000 20.05 17/07/2017 540614 GGENG NAYSAA SEURITIES LIMITED S 60,000 20.5 17/07/2017 540614 GGENG POOJA BHAVESH BHAGDEV B 36,000 20.75 17/07/2017 540614 GGENG HANSABEN DIPAKBHAI PUJARA B 72,000 20.66 17/07/2017 539446 KRISHFAB DINESHCHANDRA RAMESHWARJI AGRAWAL B 60,000 7.73 17/07/2017 534422 LOOKS INNOVATE DERIVATIVES PRIVATE LIMITED B 56,000 12.5 17/07/2017 500264 MAFATIND NOCIL LIMITED B 685,000 272.45 17/07/2017 500264 MAFATIND NAVIN FLUORINE INTERNATIONAL LIMITED S 685,000 272.45 17/07/2017 540519 MEERA GUINESS SECURITIES LIMITED B 27,000 63.53 17/07/2017 507690 ORIBEVER KAMLA DIYA S 34,330 173.95 17/07/2017 507690 ORIBEVER KAMLA DIYA B 34,330 168.09 17/07/2017 536659 PVVINFRA K VENKATESWARLU S 33,100 20.5 17/07/2017 536659 PVVINFRA K VENKATESWARLU B 8,238 20.09 17/07/2017 536659 PVVINFRA VENTURA SECURITIES LTD (ERROR TRANSACTIONS) B 49,015 20.5 17/07/2017 539673 RCL PREETI JAIBN B 46,480 13.11 17/07/2017 539673 RCL BURNPUR POWER PRIVATE LIMITED S 15,000 13.11 17/07/2017 539673 RCL poonam agarwala S 10,330 13.11 17/07/2017 539673 RCL BINOD KUMAR SINGH S 21,150 13.11 17/07/2017 540072 SHIVAEXPO RIKHAV SECURITIES LIMITED S 70,000 12.94 17/07/2017 540072 SHIVAEXPO RIKHAV SECURITIES LIMITED B 40,000 13.26 17/07/2017 540072 SHIVAEXPO BRIJESH PAREKH HUF B 70,000 12.56 17/07/2017 540072 SHIVAEXPO BRIJESH JITENDRA PAREKH B 70,000 13.2 17/07/2017 503657 VEERENRGY DIVYABEN HITESHBHAI GANGANI S 58,159 22.86 17/07/2017 503657 VEERENRGY DIVYABEN HITESHBHAI GANGANI B 58,159 22.9 17/07/2017 540252 VOL MITHALAL KACHARALAL PRAJAPATI B 42,000 45.1 *B - Buy, S - Sell, ** = Weighted Average Trade Price / Trade Price

8 Institutional Equity Research NIFTY 9916 IN FOCUS July 18, 2017 Support 9880 Stock in Focus SBI

MARKET LENS 9840 Positional Pick GAIL Resistance 9960 Intraday Pick HEXAWARE 10000 Intraday Pick HAVELLS

Monthly Economic Calendar Date Time Country Event Period Prior 18-Jul-17 UK CPI YoY Jun -- 18-Jul-17 EC CPI YoY Jun F -- 20-Jul-17 AU Employment Change Jun -- 20-Jul-17 AU Unemployment Rate Jun -- 20-Jul-17 EC ECB Main Refinancing Rate 20-Jul -- 20-Jul-17 US Initial Jobless Claims 15-Jul -- 25-Jul-17 IN Eight Infrastructure Industries Jun -- 26-Jul-17 UK GDP QoQ 2Q A -- 26-Jul-17 UK GDP YoY 2Q A -- 26-Jul-17 US FOMC Rate Decision (Upper Bound) 26-Jul 1.3% 27-Jul-17 US Initial Jobless Claims 22-Jul -- 28-Jul-17 JN Jobless Rate Jun -- 28-Jul-17 US GDP Annualized QoQ 2Q A -- 31-Jul-17 JN Industrial Production MoM Jun P -- 31-Jul-17 IN Fiscal Deficit INR Crore Jun --

9 Institutional Equity Research NIFTY 9916 IN FOCUS July 18, 2017 Support 9880 Stock in Focus SBI

MARKET LENS 9840 Positional Pick GAIL Resistance 9960 Intraday Pick HEXAWARE 10000 Intraday Pick HAVELLS Corporate Actions

Ex-Dividend Company Name Ex-Date Purpose Blue Dart Express Limited 18-Jul-17 Annual General Meeting/Dividend-Rs 15/- Per Share IndusInd Bank Limited 18-Jul-17 Annual General Meeting/Dividend - Rs 6/- Per Share JK Cement Limited 18-Jul-17 Annual General Meeting/Dividend - Rs 8/- Per Share Seshasayee Paper and Boards Limited 18-Jul-17 Dividend - Rs 10/- Per Share Thangamayil Jewellery Limited 18-Jul-17 Annual General Meeting/Dividend - Rs 2/- Per Share Tide Water Oil Company (India) Limited 18-Jul-17 Annual General Meeting/Dividend - Rs 100/- Per Share Vinati Organics Limited 18-Jul-17 Annual General Meeting/Dividend-Re 0.50 Per Share SKF India Limited 18-Jul-17 Annual General Meeting/Dividend-Rs 10 Per Share Alembic Limited 19-Jul-17 Annual General Meeting/Dividend - Re 0.20 Per Share Cholamandalam Investment and Finance Company 19-Jul-17 Annual General Meeting/Dividend - Rs 2/- Per Share Grasim Industries Limited 19-Jul-17 Scheme Of Arrangement Limited 19-Jul-17 Annual General Meeting/Dividend - Re 1/- Per Share NOCIL Limited 19-Jul-17 Annual General Meeting/Dividend - Rs 1.80 Per Share (Book Closure Start Date Revised) MEP Infrastructure Developers Limited 19-Jul-17 Annual General Meeting/Dividend - Re 0.15 Per Share Sicagen India Limited 19-Jul-17 Annual General Meeting/Dividend - Rs 6 Per Share Limited 19-Jul-17 Annual General Meeting/Dividend - Re 0.80/- Per Share Crompton Greaves Consumer Electricals Limited 20-Jul-17 Annual General Meeting/Dividend - Rs 1.50 Per Share UFLEX Limited 20-Jul-17 Annual General Meeting/Dividend - Rs 3.50 Per Share Carborundum Universal Limited 20-Jul-17 Dividend - Re 0.75 Per Share Balaji Amines Limited 20-Jul-17 Annual General Meeting/Dividend - Rs 2.20 Per Share Gateway Distriparks Limited 20-Jul-17 Annual General Meeting Edelweiss Financial Services Limited 20-Jul-17 Dividend - Re 0.30/- Per Share Elgi Equipments Limited 20-Jul-17 Annual General Meeting/Dividend Re 1/- Per Share Endurance Technologies Limited 20-Jul-17 Annual General Meeting/Dividend - Rs 2.50 Per Share IFB Agro Industries Limited 20-Jul-17 Annual General Meeting IFB Industries Limited 20-Jul-17 Annual General Meeting

Result Calendar Company Name Board Meeting Date Purpose CRISIL Limited 18-Jul-17 Results/Dividend HIL Limited 18-Jul-17 Results Hindustan Unilever Limited 18-Jul-17 Results HT Media Limited 18-Jul-17 Results Jubilant Life Sciences Limited 18-Jul-17 Results Maharashtra Scooters Limited 18-Jul-17 Results Sasken Technologies Limited 18-Jul-17 Results UltraTech Cement Limited 18-Jul-17 Results Limited 19-Jul-17 Results Limited 19-Jul-17 Results

10 Institutional Equity Research NIFTY 9916 IN FOCUS July 18, 2017 Support 9880 Stock in Focus SBI

MARKET LENS 9840 Positional Pick GAIL Resistance 9960 Intraday Pick HEXAWARE 10000 Intraday Pick HAVELLS

Result Calendar Company Name Board Meeting Date Purpose GNA Axles Limited 19-Jul-17 Results Havells India Limited 19-Jul-17 Results KPIT Technologies Limited 19-Jul-17 Results Mastek Limited 19-Jul-17 Results Limited 19-Jul-17 Results Sutlej Textiles and Industries Limited 19-Jul-17 Results ABB India Limited 20-Jul-17 Results Bajaj Auto Limited 20-Jul-17 Results Bajaj Holdings & Investment Limited 20-Jul-17 Results Kansai Nerolac Paints Limited 20-Jul-17 Results Kotak Mahindra Bank Limited 20-Jul-17 Results Mahindra CIE Automotive Limited 20-Jul-17 Results NIIT Technologies Limited 20-Jul-17 Results Nucleus Software Exports Limited 20-Jul-17 Results R. S. Software (India) Limited 20-Jul-17 Results/Others RBL Bank Limited 20-Jul-17 Results Wipro Limited 20-Jul-17 Results Limited 21-Jul-17 Results Atul Limited 21-Jul-17 Results Can Fin Homes Limited 21-Jul-17 Results Mafatlal Finance Limited 21-Jul-17 Results/Others Persistent Systems Limited 21-Jul-17 Results Tata Sponge Iron Limited 21-Jul-17 Results The Tinplate Company of India Limited 21-Jul-17 Results 3i Infotech Limited 22-Jul-17 Results Bharti Infratel Limited 24-Jul-17 Results Excel Crop Care Limited 24-Jul-17 Results GIC Housing Finance Limited 24-Jul-17 Results HDFC Bank Limited 24-Jul-17 Results (India) Limited 24-Jul-17 Results Mahindra & Mahindra Financial Services Limited 24-Jul-17 Results Vinyl Chemicals (India) Limited 24-Jul-17 Results Wendt (India) Limited 24-Jul-17 Results Zee Entertainment Enterprises Limited 24-Jul-17 Results Axis Bank Limited 25-Jul-17 Results GlaxoSmithKline Pharmaceuticals Limited 25-Jul-17 Results GlaxoSmithKline Pharmaceuticals Limited 25-Jul-17 Results Hero MotoCorp Limited 25-Jul-17 Results ICICI Prudential Life Insurance Company Limited 25-Jul-17 Results International Paper APPM Limited 25-Jul-17 Results Mahindra Lifespace Developers Limited 25-Jul-17 Results Navin Fluorine International Limited 25-Jul-17 Results Oriental Hotels Limited 25-Jul-17 Results/Others

11 Institutional Equity Research NIFTY 9916 IN FOCUS July 18, 2017 Support 9880 Stock in Focus SBI

MARKET LENS 9840 Positional Pick GAIL Resistance 9960 Intraday Pick HEXAWARE 10000 Intraday Pick HAVELLS

Reliance Securities Limited (RSL), the broking arm of Reliance Capital is one of the India’s leading retail broking houses. Reliance Capital is amongst India’s leading and most valuable financial services companies in the private sector. Reliance Capital has interests in asset management and mutual funds, life and general insurance, commercial finance, equities and commodities broking, wealth management services, distribution of financial products, private equity, asset reconstruction, proprietary investments and other activities in financial services. The list of associates of RSL is available on the website www. reliancecapital.co.in. RSL is registered as a Research Analyst under SEBI (Research Analyst) Regulations, 2014 General Disclaimers: This Research Report (hereinafter called ‘Report’) is prepared and distributed by RSL for information purposes only. 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