Institutional Equity Research NIFTY 9827 IN FOCUS July 19, 2017 Support 9790 Stock in Focus MOIL

MARKET LENS 9725 Positional Pick BEML Resistance 9880 Intraday Pick ASHOKLEY 9930 Intraday Pick MCX

EQUITY INDICES

Indices Absolute Change Percentage Change Domestic Last Trade Change 1-D 1-Mth YTD BSE Sensex 31,711.0 (363.8) -1.1% 1.3% 19.1% CNX Nifty 9,827.2 (88.8) -0.9% 1.8% 20.1% S&P CNX 500 8,589.8 (69.7) -0.8% 1.6% 23.0% SENSEX 50 10,184.6 (97.7) -1.0% 1.8% 20.8%

International Last Trade Change 1-D 1-Mth YTD DJIA 21,574.7 (55.0) -0.3% 0.2% 9.2% NASDAQ 6,344.3 29.9 0.5% 1.7% 17.9% NIKKEI 20,012.7 12.8 0.1% -0.3% 4.7% HANGSENG 26,594.1 69.2 0.3% 2.6% 20.9% MSCI Emerging Mkts 1,053.2 1.7 0.2% 4.0% 22.1%

ADRs / GDRs Last Trade Change 1-D 1-Mth YTD Dr. Reddy’s Lab (ADR) 41.9 0.2 0.5% 0.9% -7.5% STOCK IN FOCUS (ADR) 35.0 (0.2) -0.5% -0.5% 1.8% (ADR) 15.6 (0.1) -0.6% 4.9% 4.9% ff MOIL closed over 1% higher in weak trade yesterday ICICI Bank (ADR) 9.3 (0.0) -0.1% 4.6% 36.9% ff The company is slated to announce its 1QFY18 results soon and HDFC Bank (ADR) 90.8 0.2 0.2% 1.9% 49.6% we expect the same to be stellar. As per our estimate, sales (GDR) 40.1 0.4 1.0% -0.1% 22.3% volume is expected to increase by 8% yoy and 27% qoq to Reliance Ind (GDR) 47.0 (0.9) -1.9% 7.6% 49.0% 275,000 tonnes. While realisation is expected to contract on a COMMODITY MARKET sequential basis, the same is expected to increase by 53% yoy Key Commodities Last Trade Change 1-D 1-Mth YTD to Rs9,809/tonne. This will result in Net revenue/EBITDA & PAT Brent Crude ($/bl) 48.8 (0.0) 0.0% 4.1% -14.1% to increase by 69%/340% & 93% YoY. However, on a sequential Silver ($/Oz) 16.3 (0.0) -0.1% -1.4% 2.2% basis due to fall in realisation, EBITDA & PAT are expected to Gold ($/Oz) 1,241.4 (1.0) -0.1% -0.2% 8.2% grow at a slower pace of 23% & 10% respectively. Copper LME ($/MT) 5,973.5 2.5 0.0% 5.9% 8.2% ff Going forward, we expect strong cash flow generation to Aluminium LME ($/MT) 1,904.8 8.5 0.4% 2.6% 11.8% continue due to low capex. Net cash is slated to rise to Rs195/ Baltic Dry 912.0 12.0 1.3% 7.5% -5.1% share (~58% of current Mkt. Cap) by FY19E (post considering Rs8.63bn incurred towards share buy-back). CURRENCY RATES Last Trade Change 1-D 1-Mth YTD ff We have a BUY recommendation on the stock with a Target USD/INR 64.3 64.4 0.0% -0.1% -5.3% Price of Rs406. EUR/INR 74.3 73.8 0.7% 2.9% 3.6%

RATES Positional Pick Last Trade Change 1-D 1-Mth YTD BEML (LTP: 1522) SELL T-Bill - 91 D 6.2 6.2 0.2% -1.3% -0.2% For today’s trade, short position can be initiated at 1540 for target of 10 Year G-sec Yield 6.5 6.5 0.0% -0.2% -0.9% Rs 1415 with a strict stop loss of Rs 1588. INVESTMENT ACTIVITY (RS. CR) Intraday Picks Category BUY SELL NET Prev FII 6,676.3 6,358.8 317.4 328.6 ASHOKLEY (LTP: 105) SELL DII 3,017.3 3,992.3 -975.0 (447.1) For today’s trade, short position can be initiated at Rs 107 for target of Rs 104 with a strict stop loss of Rs 109. Traders are advised to avoid EXCHANGE TURNOVER early morning whipsaw. Exchange Rs Crore MCX (LTP: 1100) BUY BSE Equity 3,853.7 For today’s trade, long position can be initiated at Rs 1090 for target BSE Derivatives 19.68 of Rs 1115 with a strict stop loss of Rs 1078. Traders are advised to NSE Equity 28,777.5 avoid early morning whipsaw. NSE Derivatives 5,75,904.5 1 Institutional Equity Research NIFTY 9827 IN FOCUS July 19, 2017 Support 9790 Stock in Focus MOIL

MARKET LENS 9725 Positional Pick BEML Resistance 9880 Intraday Pick ASHOKLEY 9930 Intraday Pick MCX

Technical Research

MARKET SYNOPSIS ff On Tuesday, NSE- NIFTY slipped below 9,800 mark breaching intraday support levels (i.e.9,880 and 9,840) amidst nosedive in the index heavyweight-ITC. Later, index managed to recover partial losses with a corresponding bounce back and oscillated in 9,880-9,840 range thereafter. In the last one hour of trade, NIFTY breached lower band of the range and finally, closed the session at 9,827 mark, with cut of 89 points. ff NSE Cash segment reported turnover of Rs28,777 crore as compared to Rs24,498 crore earlier. ff Overall market breadth remained negative, where 594 stocks advanced against 1102 declined stocks. ff Mixed trend was observed across all the sectoral indices during the day, where none of the sectoral indices gained more than 0.5%. Realty and FMCG indices emerged as top losers with the decrease of 1% and 6.7% respectively.

NSE-NIFTY OUTLOOK ff Though NSE-NIFTY failed to continue prior daily uptrend and slipped to 4-day low, our view will remain positive as index has formed Long-legged Doji pattern on the daily chart. Long-legged Doji have long upper and lower shadows that are almost equal in length. These Doji reflect a great amount of indecision 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 9,725 and at 9,580 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 9,790 and then at 9,725 levels, while resistance is observed at 9,880 and then around at 9,930 levels.

2 Institutional Equity Research NIFTY 9827 IN FOCUS July 19, 2017 Support 9790 Stock in Focus MOIL

MARKET LENS 9725 Positional Pick BEML Resistance 9880 Intraday Pick ASHOKLEY 9930 Intraday Pick MCX

Technical Research Positional Pick: BEML CMP: 1522 | RECO: SELL | AT: 1540 | TARGET: 1415 | STOP LOSS: 1588

ff The stock has being making lower tops in the past 2 weeks despite positive markets performance and closed at 8 days low. ff The stock has closed below its short term average and likely to underperform to test its medium term averages on the downside. ff The key technical indicator RSI has also reversed downwards confirming the downtrend in the coming days. ff Thus, one can initiate short position at higher range near Rs.1540 for target of Rs 1415 with a stop loss of Rs 1588.

3 Institutional Equity Research NIFTY 9827 IN FOCUS July 19, 2017 Support 9790 Stock in Focus MOIL

MARKET LENS 9725 Positional Pick BEML Resistance 9880 Intraday Pick ASHOKLEY 9930 Intraday Pick MCX Derivatives Snapshot ff Nifty opened lower on weaker opening of FMCG sector and it further accentuated in high beta sectors to end at the low point of the day. Nifty closed down by 89 points at 9,827 levels. Among the nifty stocks 29 stocks advanced and 22 declined during the day. ff Sectorally it was a mixed bag with FMCG to decline by 6.7%, Realty by 1%, and PSU Banks declined by 0.3% while other sectors gained to the tune 0.2% average. ff Broader market indices remained under pressure with NIFTY 100,200 and 500 to close down by 0.8% average while midcap indices and small cap indices declined by 0.5% and 0.6% respectively. ff Nifty July futures ends with 19 points premium at 9,846 mark, while on other hand, Bank Nifty July futures ended with the premium of 46 points at 24,058 mark. ff Nifty has seen a sharp correction and ended in a doji format, sustenance below 9,900 would continue to put pressure on markets. Nifty 9900 CE and 10,000 CE has seen huge writing of 18 lakhs average moving the OI to 64 lakhs while downside 9,800 PE has the highest put OI of 58 lakhs shares.

Sectoral Activity: Amongst sectoral index, Realty and Autos remained in focus with negative momentum.

Stock Activity: and NCC observed build up in short position.

TOP 5 PRICE GAINERS Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance INFIBEAM INCORP. LIMITED 1184.50 5.35% 209.87% 0.07% 1130 1169 1223 SINTEX INDUSTRIES LTD 33.40 4.54% 117.13% 8.76% 31 33 35 JUBILANT FOODWORKS LTD 1325.10 4.12% -20.60% 9.83% 1270 1302 1358 152.65 3.07% 260.72% -1.70% 149 152 156 BATA INDIA LTD 569.20 2.58% 274.68% 1.29% 556 565 578

TOP 5 PRICE LOSERS Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance ITC LTD 284.55 -12.49% 635.62% 60.23% 276 285 293 TV18 BROADCAST LIMITED 38.80 -6.28% 297.07% 10.09% 37 40 41 GODFREY PHILLIPS INDIA LT 1157.05 -5.70% 304.99% 10.07% 1110 1147 1195 KPIT TECHNOLOGIES LTD 129.55 -4.88% 31.76% 5.98% 126 131 135 M&M FIN. SERVICES LTD 350.45 -4.65% 58.52% 1.64% 343 356 364

TOP 5 OI GAINERS Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance ITC LTD 284.55 -12.49% 635.62% 60.23% 276 285 293 ICICI PRU LIFE INS CO LTD 476.20 0.63% 103.33% 18.24% 468 480 488 INDIA LIMITED 459.20 -1.44% 44.37% 17.41% 454 460 466 ULTRATECH CEMENT LIMITED 4330.85 -0.39% 166.87% 17.40% 4270 4362 4423 LTD. 1157.85 0.42% 182.23% 15.19% 1147 1158 1169

TOP 5 OI LOSERS Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance LTD 277.65 1.18% -6.06% -9.96% 274 276 280 HDFC LTD 1653.00 0.04% 91.93% -9.75% 1642 1660 1670 POWER GRID CORP. LTD. 215.40 -0.60% 19.79% -9.25% 213 217 219 ORIENTAL BANK OF COMMERCE 149.05 -0.23% 53.21% -8.25% 147 150 151 BOSCH LIMITED 24363.90 -0.97% 90.52% -7.43% 24120 24495 24738

4 Institutional Equity Research NIFTY 9827 IN FOCUS July 19, 2017 Support 9790 Stock in Focus MOIL

MARKET LENS 9725 Positional Pick BEML Resistance 9880 Intraday Pick ASHOKLEY 9930 Intraday Pick MCX Derivatives Snapshot

TOP 5 “RISE IN % DEL CHG” Stock Name LTP % Price Chg % Vol Chg %Del Chg Support Pivot Resistance INFIBEAM INCORP. LIMITED 1184.50 5.35% 209.87% 579.00% 1130 1169 1223 ITC LTD 284.55 -12.49% 635.62% 525.69% 276 285 293 ZEE ENTERTAINMENT ENT LTD 530.50 1.19% 255.18% 516.57% 522 530 538 TV18 BROADCAST LIMITED 38.80 -6.28% 297.07% 440.48% 37 40 41 IDFC LIMITED 57.30 2.14% 286.46% 423.03% 56 57 58

TOP 5 “DECLINE IN % DEL CHG” Stock Name LTP % Price Chg % Vol Chg %Del Chg Support Pivot Resistance MRPL 123.25 0.12% -86.67% -88.44% 122 123 125 LIMITED 524.45 -2.61% -86.32% -87.48% 519 529 535 LTD 1128.60 -1.46% -83.40% -80.66% 1118 1133 1144 SREI INFRASTRUCTURE FINAN 124.15 -1.62% -78.62% -79.00% 123 125 127 AMARA RAJA BATTERIES LTD. 843.10 0.35% -61.33% -75.61% 837 842 849

SECTORAL ACTIVITY Value Average of OI Average of Price Total Average of Total OI Change % Change % Volume Volume Change % Consumer Discretionary 660436945 0.58% -0.42% 141612066 38.71% Consumer Staples 237736050 7.10% -1.36% 166566019 99.54% Energy 287717178 -2.33% -0.76% 39704956 -9.15% Financials 1782319994 0.20% -0.42% 185471868 33.20% Health Care 190094100 -1.07% 0.01% 45770782 26.91% Industrials 202724800 -0.08% -0.31% 23785349 43.97% Information Technology 103204300 0.49% -0.11% 14648450 14.19% Materials 1341480600 0.49% -0.74% 174550876 15.32% Telecommunication Services 298969000 0.40% -0.97% 34360241 74.54% Utilities 1050275800 -0.53% -0.78% 70839542 -0.05% Grand Total 6154958767 0.46% -0.52% 897310149 31.58%

5 Institutional Equity Research NIFTY 9827 IN FOCUS July 19, 2017 Support 9790 Stock in Focus MOIL

MARKET LENS 9725 Positional Pick BEML Resistance 9880 Intraday Pick ASHOKLEY 9930 Intraday Pick MCX Pivot Table Name LTP Support 2 Support 1 Pivot Resistance 1 Resistance 2 Nifty 50 9827.2 9741.6 9784.4 9834.9 9877.7 9928.2 Nifty Bank 24022.1 23831.9 23927.0 24037.2 24132.3 24242.6 ACC LIMITED 1759.5 1709.8 1734.7 1771.8 1796.7 1833.8 ADANI PORT & SEZ LTD 381.9 375.8 378.9 381.5 384.5 387.1 LTD 266.3 261.4 263.8 267.4 269.8 273.4 LIMITED 1146.6 1104.9 1125.7 1137.9 1158.7 1170.9 LTD 734.3 715.9 725.1 737.3 746.5 758.6 AXIS BANK LIMITED 516.6 501.5 509.0 515.9 523.4 530.2 LIMITED 2831.8 2802.7 2817.2 2832.6 2847.1 2862.5 163.9 160.3 162.1 164.6 166.4 169.0 LIMITED 408.3 391.0 399.7 414.8 423.5 438.6 BOSCH LIMITED 24363.9 23876.6 24120.3 24494.6 24738.3 25112.6 CORP LT 468.6 458.7 463.6 469.3 474.3 480.0 LTD 559.8 548.7 554.2 560.6 566.1 572.5 LTD 248.5 244.3 246.4 247.9 250.0 251.4 DR. REDDY’S LABORATORIES 2719.0 2660.9 2689.9 2716.6 2745.7 2772.4 LTD 28598.5 27755.4 28177.0 28433.5 28855.0 29111.5 GAIL (INDIA) LTD 379.1 369.2 374.1 380.1 385.0 390.9 HCL TECHNOLOGIES LTD 880.7 861.8 871.3 877.8 887.2 893.7 HDFC LTD 1653.0 1631.8 1642.4 1659.7 1670.3 1687.5 HDFC BANK LTD 1683.6 1672.4 1678.0 1682.9 1688.5 1693.4 HERO MOTOCORP LIMITED 3784.0 3735.3 3759.6 3779.3 3803.6 3823.3 LTD 207.4 204.1 205.7 208.1 209.7 212.1 HINDUSTAN UNILEVER LTD. 1157.9 1135.8 1146.8 1158.3 1169.3 1180.8 INDIABULLS HSG FIN LTD 1142.0 1119.7 1130.9 1144.0 1155.1 1168.2 ICICI BANK LTD. 303.9 299.3 301.6 303.8 306.1 308.3 INDUSIND BANK LIMITED 1570.1 1554.8 1562.4 1572.2 1579.8 1589.6 BHARTI INFRATEL LTD. 418.2 408.4 413.3 419.0 423.9 429.6 INFOSYS LIMITED 985.6 966.8 976.2 990.5 999.9 1014.2 INDIAN OIL CORP LTD 372.2 365.9 369.0 373.6 376.7 381.3 ITC LTD 284.6 268.3 276.4 284.5 292.7 300.8 LTD 977.1 962.8 970.0 978.5 985.6 994.1 LARSEN & TOUBRO LTD. 1177.9 1158.8 1168.3 1177.7 1187.2 1196.6 1156.4 1138.7 1147.5 1156.1 1165.0 1173.6 MAHINDRA & MAHINDRA LTD 1380.2 1361.4 1370.8 1386.4 1395.7 1411.3 INDIA LTD. 7549.4 7475.5 7512.4 7552.0 7588.9 7628.5 NTPC LTD 167.6 162.9 165.2 168.5 170.9 174.2 OIL AND NATURAL GAS CORP. 161.7 158.4 160.1 161.0 162.7 163.6 POWER GRID CORP. LTD. 215.4 211.5 213.4 216.7 218.7 222.0 LTD 1519.9 1486.8 1503.3 1527.6 1544.1 1568.4 291.0 286.1 288.5 292.5 294.9 298.9 SUN PHARMACEUTICAL IND L 578.3 562.8 570.5 576.8 584.5 590.8 TATA MOTORS LIMITED 456.2 449.2 452.7 456.1 459.6 463.0 TATA MOTORS DVR ‘A’ ORD 271.8 269.1 270.5 272.2 273.6 275.3 CO LTD 82.5 80.8 81.6 82.8 83.6 84.8 LIMITED 563.3 551.1 557.2 563.1 569.2 575.1 TATA CONSULTANCY SERV LT 2408.4 2369.0 2388.7 2415.8 2435.5 2462.7 LIMITED 391.3 386.4 388.9 392.6 395.1 398.8 ULTRATECH CEMENT LIMITED 4330.9 4208.9 4269.9 4362.0 4423.0 4515.1 268.4 263.8 266.1 269.6 271.9 275.5 LTD 269.0 263.2 266.1 269.4 272.3 275.5 LIMITED 1557.8 1527.8 1542.8 1560.1 1575.1 1592.5 ZEE ENTERTAINMENT ENT LTD 530.5 513.5 522.0 529.6 538.1 545.6

6 Institutional Equity Research NIFTY 9827 IN FOCUS July 19, 2017 Support 9790 Stock in Focus MOIL

MARKET LENS 9725 Positional Pick BEML Resistance 9880 Intraday Pick ASHOKLEY 9930 Intraday Pick MCX Simple Moving Average Scrip Name Close Rate 20-SMA 50-SMA 100-SMA 200-SMA HIGH_52WEEK LOW_52WEEK NIFTY 9827.2 9681.0 9597.5 9359.1 8886.6 9928.2 7893.8 BANK NIFTY 24022.1 23557.5 23320.3 22358.1 20712.6 24147.4 17606.9 SENSEX 50 10184.6 10041.9 9943.2 9683.4 9177.6 10282.3 8144.6 ACC 1759.5 1641.9 1643.1 1559.4 1490.4 1809.0 1256.6 ADANIPORTS 381.9 371.7 360.2 341.4 312.0 384.1 216.1 AMBUJACEM 266.3 251.9 246.9 242.1 233.5 281.7 191.0 ASIANPAINT 1146.6 1129.2 1137.4 1100.5 1047.0 1225.2 849.6 AUROPHARMA 734.3 690.6 632.1 644.5 688.9 895.0 503.1 AXISBANK 516.6 508.7 508.8 507.4 494.3 638.3 424.4 BAJAJ-AUTO 2831.8 2789.0 2845.1 2846.7 2791.5 3120.0 2510.0 BANKBARODA 163.9 162.1 172.5 172.2 166.7 202.5 135.3 BHARTIARTL 408.3 385.4 375.4 363.1 341.6 430.0 283.1 BHEL 143.3 137.4 146.1 157.0 145.4 182.8 116.1 BOSCHLTD 24363.9 23890.1 23808.5 23187.6 22241.6 25670.9 17671.6 BPCL 468.6 439.6 462.4 456.0 441.2 512.8 360.6 CIPLA 559.8 545.5 542.9 562.5 568.5 621.3 480.2 COALINDIA 248.5 249.3 260.0 277.8 294.5 350.0 242.6 DRREDDY 2719.0 2677.7 2626.0 2662.8 2881.3 3689.9 2380.4 EICHERMOT 28598.5 27736.6 28293.0 26664.6 24925.9 30051.0 19530.0 GAIL 379.1 367.0 385.6 388.1 358.9 433.7 268.3 GRASIM 1307.8 1240.7 1175.9 1126.2 1016.0 1375.0 781.9 HCLTECH 880.7 849.4 853.5 847.8 829.2 909.6 716.6 HDFC 1653.0 1639.6 1606.2 1537.3 1423.6 1682.2 1183.2 HDFCBANK 1683.6 1673.2 1636.5 1541.3 1391.6 1748.0 1158.0 HEROMOTOCO 3784.0 3730.5 3692.0 3481.8 3338.3 3880.6 2849.5 HINDALCO 207.4 197.5 196.6 193.9 181.4 210.4 130.4 HINDUNILVR 1157.9 1107.5 1074.0 990.4 914.6 1169.8 782.0 ICICIBANK 303.9 293.0 287.9 270.9 256.4 306.0 215.1 IDEA 87.2 84.3 83.2 89.1 84.5 123.5 65.8 INDUSINDBK 1570.1 1524.3 1488.3 1439.7 1309.2 1585.0 1036.7 INFRATEL 418.2 396.3 385.0 357.2 354.3 424.8 281.8 INFY 985.6 952.9 957.9 972.3 976.7 1096.5 901.0 ITC 284.6 322.8 308.7 291.8 268.2 367.7 222.0 KOTAKBANK 977.1 968.9 963.0 912.9 836.4 1004.7 692.5 LT 1177.9 1149.5 1161.7 1115.4 1030.3 1222.6 863.4 LUPIN 1156.4 1098.6 1159.3 1290.9 1387.0 1750.0 1036.2 M&M 1380.2 1374.2 1377.4 1339.0 1298.6 1509.0 1141.4 MARUTI 7549.4 7371.8 7179.3 6669.8 6103.0 7591.5 4405.0 NTPC 167.6 160.8 159.8 161.4 161.2 178.3 143.3 ONGC 161.7 160.7 169.9 179.2 185.5 211.8 144.7 POWERGRID 215.4 210.3 208.1 203.5 195.4 220.0 161.8 RELIANCE 1519.9 1455.8 1386.3 1352.0 1198.2 1559.6 930.0 SBIN 291.0 283.6 288.4 285.0 272.0 315.3 222.1 SUNPHARMA 578.3 552.4 564.8 620.0 649.6 855.0 492.7 TATAMOTORS 456.2 446.1 452.0 456.0 478.9 598.4 417.3 TATAPOWER 82.5 82.1 81.3 83.2 80.2 91.2 67.0 TATASTEEL 563.3 542.6 509.5 492.1 457.4 569.0 348.7 TCS 2408.4 2388.5 2453.2 2435.1 2369.2 2744.8 2051.9 TECHM 391.3 385.3 400.2 429.8 445.1 515.3 356.7 ULTRACEMCO 4330.9 4088.7 4167.8 4086.6 3849.7 4533.1 3050.0 WIPRO 269.0 260.1 262.0 255.5 244.5 284.0 204.1 YESBANK 1557.8 1491.1 1479.7 1508.6 1383.8 1651.9 1090.6 ZEEL 530.5 504.2 512.2 517.7 502.4 589.9 427.7 7 Institutional Equity Research NIFTY 9827 IN FOCUS July 19, 2017 Support 9790 Stock in Focus MOIL

MARKET LENS 9725 Positional Pick BEML Resistance 9880 Intraday Pick ASHOKLEY 9930 Intraday Pick MCX Bulk Deals Snapshot Deal Date Scrip Code Company Client Name Deal Type* Quantity Price ** 18/07/2017 540615 7NR RATHOD MANOJ CHHAGANLAL HUF B 104,000 27 18/07/2017 540615 7NR VIMALA ANANDRAJ OSTWAL B 268,000 26.95 18/07/2017 540615 7NR SAYAR S BHANDARI B 260,000 26.98 18/07/2017 531611 AADHAARVEN CHARAMSUKH IT MARKETING PVT LTD B 1,454,790 0.67 18/07/2017 531611 AADHAARVEN UNIFOUR GARMENTS LLP S 1,443,000 0.67 18/07/2017 531611 AADHAARVEN VENERA PROPERTY PRIVATE LIMITED S 1,800,000 0.67 18/07/2017 538566 BESTSTEEL VIKASH GUPTA S 200,000 105.49 18/07/2017 530809 BNRUDY ASHOK KUMAR BILGAIYAN S 19,948 34.52 18/07/2017 526971 DHOOTIN SANJAY RAMAVTAR GOENKA S 41,640 40.15 18/07/2017 517536 ONWARDTEC JIGNESHBHAI HIRALAL SHAH S 78,100 95 18/07/2017 535658 PAWANSUT JASMEETKAUR K MARWAHA S 56,900 14.85 18/07/2017 535658 PAWANSUT SARITA KUNWAR SINGH S 129,901 13.85 18/07/2017 535658 PAWANSUT SARITA KUNWAR SINGH B 122,006 14.38 18/07/2017 535658 PAWANSUT NAVDEEP SINGH S 88,461 13.64 18/07/2017 536659 PVVINFRA K VENKATESWARLU S 43,199 20.1 18/07/2017 536659 PVVINFRA K VENKATESWARLU B 19,804 20.28 18/07/2017 536659 PVVINFRA ASPIRE EMERGING FUND B 35,515 20 18/07/2017 537254 RCIIND IG FINANCIAL SERVICES I PRIVATE LIMITED B 75,000 179 18/07/2017 531099 RUBRAME TULSA NETRAPRASHAD SILWAL S 47,815 3.53 18/07/2017 531569 SANJIVIN KAYCEE FINSTOCK PVT. LTD. S 50,520 9.29 18/07/2017 531637 SWORDNSH VAMAN SWAMY VELUDHANDI S 30,000 10.24 18/07/2017 539518 UDAYJEW RADHESHYAM GUPTA B 180,000 18.7 18/07/2017 539518 UDAYJEW PRAVEEN KUMAR S 200,000 18.71 18/07/2017 504605 UNIABEXAL DIPTI DHIREN SHAH S 14,730 343.91 18/07/2017 503657 VEERENRGY NISHIL SURENDRABHAI MARFATIA S 79,600 22.56 18/07/2017 503657 VEERENRGY NISHIL SURENDRABHAI MARFATIA B 94,650 23.04 18/07/2017 503657 VEERENRGY SURESHBHAI DHANJIBHAI THAKKAR S 60,050 23.35 18/07/2017 503657 VEERENRGY SURESHBHAI DHANJIBHAI THAKKAR B 60,050 23.4 18/07/2017 503657 VEERENRGY ARCADIA SHARE & STOCK BROKERS PVT. LTD S 54,745 23.23 18/07/2017 503657 VEERENRGY ARCADIA SHARE & STOCK BROKERS PVT. LTD B 54,745 23.45 18/07/2017 503657 VEERENRGY UDAY ANUBHAI SHAH S 94,798 23.43 18/07/2017 503657 VEERENRGY UDAY ANUBHAI SHAH B 94,798 23.4 18/07/2017 506146 VIVIDHA ARPITA ILESH PATEL S 2,565,000 1.38 18/07/2017 506146 VIVIDHA ARPITA ILESH PATEL B 1,157,253 1.37 18/07/2017 506146 VIVIDHA VISHWAMURTE TRAD INVEST PE LTD B 2,500,000 1.38 *B - Buy, S - Sell, ** = Weighted Average Trade Price / Trade Price

8 Institutional Equity Research NIFTY 9827 IN FOCUS July 19, 2017 Support 9790 Stock in Focus MOIL

MARKET LENS 9725 Positional Pick BEML Resistance 9880 Intraday Pick ASHOKLEY 9930 Intraday Pick MCX

Monthly Economic Calendar Date Time Country Event Period Prior 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 9827 IN FOCUS July 19, 2017 Support 9790 Stock in Focus MOIL

MARKET LENS 9725 Positional Pick BEML Resistance 9880 Intraday Pick ASHOKLEY 9930 Intraday Pick MCX Corporate Actions

Ex-Dividend Company Name Ex-Date Purpose Navin Fluorine International Limited 19-Jul-17 Face Value Split From Rs 10/- Per Share To Rs 2/- Per Share Limited 19-Jul-17 Scheme Of Arrangement Manugraph India Limited 19-Jul-17 Dividend- Re. 0.50 Per Share Pioneer Distilleries Limited 19-Jul-17 Annual General Meeting NOCIL Limited 19-Jul-17 Annual General Meeting/Dividend - Rs 1.80 Per Share (Book Closure Start Date Revised) CESC Limited 19-Jul-17 Annual General Meeting Astra Microwave Products Limited 19-Jul-17 Annual General Meeting/Dividend - Re 1 Per Share Cholamandalam Investment and Finance Company 19-Jul-17 Annual General Meeting/Dividend - Rs 2/- Per Share Limited LG Balakrishnan & Bros Limited 19-Jul-17 Annual General Meeting/Dividend - Rs 7 Per Share Sicagen India Limited 19-Jul-17 Annual General Meeting/Dividend - Re 0.60 Per Share Limited 19-Jul-17 Annual General Meeting/Dividend - Re 0.80/- Per Share Limited 19-Jul-17 Annual General Meeting/Dividend - Re 1/- Per Share MEP Infrastructure Developers Limited 19-Jul-17 Annual General Meeting/Dividend - Re 0.15 Per Share Alembic Limited 19-Jul-17 Annual General Meeting/Dividend - Re 0.20 Per Share LGB Forge Limited 19-Jul-17 Annual General Meeting Mawana Sugars Limited 19-Jul-17 Annual General Meeting Oriental Hotels Limited 19-Jul-17 Annual General Meeting Bombay Burmah Trading Corporation Limited 20-Jul-17 Annual General Meeting/Dividend - Re 1/- Per Share SQS India BFSI Limited 20-Jul-17 Annual General Meeting/Dividend - Rs 20 Per Share Subex Limited 20-Jul-17 Annual General Meeting IFB Industries Limited 20-Jul-17 Annual General Meeting Asian Hotels (East) Limited 20-Jul-17 Annual General Meeting/Dividend - Rs 2 Per Share Cimmco Limited 20-Jul-17 Annual General Meeting Hatsun Agro Product Limited 20-Jul-17 Annual General Meeting/Interim Dividend (Purpose Revised) Megasoft Limited 20-Jul-17 Annual General Meeting

Result Calendar Company Name Board Meeting Date Purpose Amtek Auto Limited 19-Jul-17 Results Limited 19-Jul-17 Results Bajaj Finance Limited 19-Jul-17 Results/Others Limited 19-Jul-17 Results 19-Jul-17 Results GNA Axles Limited 19-Jul-17 Results Havells India Limited 19-Jul-17 Results Jubilant Industries Limited 19-Jul-17 Results KPIT Technologies Limited 19-Jul-17 Results Mastek Limited 19-Jul-17 Results

10 Institutional Equity Research NIFTY 9827 IN FOCUS July 19, 2017 Support 9790 Stock in Focus MOIL

MARKET LENS 9725 Positional Pick BEML Resistance 9880 Intraday Pick ASHOKLEY 9930 Intraday Pick MCX

Result Calendar Company Name Board Meeting Date Purpose Limited 19-Jul-17 Results MPS Limited 19-Jul-17 Results India Limited 19-Jul-17 Results/Dividend Sterlite Technologies Limited 19-Jul-17 Results Sutlej Textiles and Industries Limited 19-Jul-17 Results ABB India Limited 20-Jul-17 Results Limited 20-Jul-17 Results Bajaj Auto Limited 20-Jul-17 Results Bajaj Holdings & Investment Limited 20-Jul-17 Results Cupid Limited 20-Jul-17 Results D.B.Corp Limited 20-Jul-17 Results 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 Menon Bearings Limited 20-Jul-17 Results/Dividend Menon Bearings 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 Rallis India Limited 20-Jul-17 Results RBL Bank Limited 20-Jul-17 Results Reliance Industries Limited 20-Jul-17 Results Wipro Limited 20-Jul-17 Results Zensar Technologies Limited 20-Jul-17 Results Ashok Leyland Limited 21-Jul-17 Results Atul Limited 21-Jul-17 Results Can Fin Homes Limited 21-Jul-17 Results Dewan Housing Finance Corporation Limited 21-Jul-17 Results DIC India Limited 21-Jul-17 Results Hindustan Dorr-Oliver Limited 21-Jul-17 Results Indian Bank 21-Jul-17 Results Mafatlal Finance Limited 21-Jul-17 Results/Others Mangalore Refinery and Petrochemicals Limited 21-Jul-17 Results Onward Technologies Limited 21-Jul-17 Results Persistent Systems Limited 21-Jul-17 Results Quess Corp Limited 21-Jul-17 Results Quess Corp Limited 21-Jul-17 Results Tata Sponge Iron Limited 21-Jul-17 Results The Tinplate Company of India Limited 21-Jul-17 Results Uttam Value Steels Limited 21-Jul-17 Results 3i Infotech Limited 22-Jul-17 Results Aro Granite Industries Limited 22-Jul-17 Results

11 Institutional Equity Research NIFTY 9827 IN FOCUS July 19, 2017 Support 9790 Stock in Focus MOIL

MARKET LENS 9725 Positional Pick BEML Resistance 9880 Intraday Pick ASHOKLEY 9930 Intraday Pick MCX

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