The document provides technical analysis and recommendations for Nifty 50 and Bank Nifty futures contracts. It predicts that Nifty futures may face resistance at 10,287 and Bank Nifty at 24,922 if they move upward, but could reach higher levels of 10,417 and 25,419 respectively if they break through. Downward support levels are provided as well. A list of top gainers and losers among stocks is also given.

2. TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : Nifty futures and bank nifty future market closed at 10192 / 24732 according to
technical analysis if nifty futures and bank nifty future moves up-word in upcoming treading sessions
then 10287 / 24922 will be small resistance, if it break this level then nifty futures and bank nifty
future can touch 10417 / 25419 level . it will be hard resistance. meanwhile in reveres there is small
support on 10101 / 24132 for nifty futures and bank nifty future after breaking this support with
volume there is big support for nifty futures and bank nifty future on 9897 / 23455.
Monday, 16 Oct 2017

3. TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY R2 R1 PP S1 S2
10441 10196 10074 9952 9707
WEEKLY R2 R1 PP S1 S2
10492 10132 9953 9773 9414
MONTHLY R2 R1 PP S1 S2
11376 10388 9894 9400 8413
BANK NIFTY
DAILY R2 R1 PP S1 S2
25511 24683 24269 23855 23027
WEEKLY R2 R1 PP S1 S2
26001 24847 24270 23693 22540
MONTHLY R2 R1 PP S1 S2
28747 25755 24260 22764 19772
MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS
NIFTY 10003 9964 9847 9387
BANK NIFTY 24426 24424 24081 22412
PARABOLIC SAR DAILY WEEKLY MONTHLY
NIFTY 9703 8868 7558
BANK NIFTY 24891 20437 15833

4. PATTERN FORMATION ( NIFTY )
Detail of Chart - Nifty open at 9991 made high of 10219 .it shows upside movemnet in it ,can
move further upward side next resistance for nifty is 1038.

5. PATTERN FORMATION ( BANK NIFTY )
Detail of Chart -Bank nifty open at 24176 made high of 24798 it move in upside rally it can
move further upside movement can go upto the level of 25247 next resistance for bank nifty is
25017

6. NSE EQUITY DAILY LEVELS
COMPANY NAME R2 R1 PP S1 S2
ACC EQ 1814 1804 1787 1777 1760
ALBK EQ 67 66 65 64 62
AMBUJACEM EQ 283 281 279 277 275
ASIAN PAINT EQ 1192 1180 1173 1161 1154
AXISBANK EQ 539 528 521 511 504
BAJAJ-AUTO EQ 3284 3261 3215 3192 3146
BANKBARODA EQ 141 140 138 136 134
BANKINDIA EQ 141 139 137 135 134
BHEL EQ 85 84 83 82 81
BHARTIARTL EQ 473 463 447 437 422
CIPLA EQ 617 611 602 596 588
COALINDIA EQ 294 292 289 288 285
DLF EQ 177 175 172 171 168
DRREDDY EQ 2443 2420 2388 2365 2333
GAIL EQ 449 443 438 432 427
GRASIM EQ 1172 1157 1149 1134 1126
HCLTECH EQ 938 931 925 918 912
HDFC EQ 1795 1777 1761 1744 1728
HDFCBANK EQ 1887 1870 1856 1839 1825
HEROMOTOCO EQ 3821 3797 3782 3758 3743
HINDALCO EQ 276 273 270 268 265
HINDUNILVR EQ 1310 1295 1272 1258 1235
ICICIBANK EQ 279 277 273 271 268
ITC EQ 272 270 267 265 263
INDUSIND BANK EQ 1768 1742 1720 1693 1671
INFY EQ 947 943 938 934 929
JINDALSTEL EQ 173 168 165 160 156
KOTAKBANK EQ 1108 1096 1087 1075 1066
LT EQ 1156 1150 1145 1140 1134
M&M EQ 1403 1385 1358 1340 1312
MRF EQ 64531 64065 63583 63117 62635
MARUTI EQ 7986 7916 8765 7795 7744
ONGC EQ 174 173 172 171 170
ORIENTBANK EQ 118 116 115 113 112
RCOM EQ 18 17 16 15 14
RELCAPITAL EQ 553 544 537 528 521
RELIANCE EQ 907 892 876 861 846
RELINFRA EQ 472 466 462 455 451
RPOWER EQ 43 42 41 40 39
SBIN EQ 256 254 252 249 247
VEDL EQ 343 339 331 326 318
SUNPHARMA EQ 559 5536 543 537 527
TATAMOTORS EQ 707 703 700 696 693
TATAPOWER EQ 84 83 82 81 80
TATASTEEL EQ 723 719 715 711 707
UNIONBANK EQ 130 128 127 126 124

7. TOP 15 ACHIEVERS // TOP 15 LOOSERS
SR.NO SCRIPT NAME PREV CLOSE CMP
%
CHANGE
1 BHARTIAIRTEL 378.95 447.75 +18.16
2 BHARTIINFRATEL 298.50 463.40 +16.29
3 HINDALCO 249.50 270.80 +8.54
4 TATA CONSULTANCY 2454 2575 +4.95
5 RELIANCE 830.65 870.25 +4.77
6 HINDUNILVR 1220 1220 1278 +4.73
7 HIND PETRO 440 460.50 +4.67
8 KOTAKMAHINDRA B 1049 14094 +4.20
9 M AND M 1304 1358 +4.12
10 BOSCH LTD 21276 22100 +3.87
11 AUROBINDO PHARMA 729.10 757 +3.83
12 COAL INDIA 281.35 290.65 +3.39
13 CIPLA 585.55 604.80 +3.29
14 BHARAT PETROLEUM 481.25 496.70 +3.21
15 POWER GRID 200.95 207.10 +3.06
SR.NO SCRIPT NAME PREV CLOSE CMP
%
CHANGE
1 KARUR VYSYA BANK 145.45 128.55 -11.62
2 BOMBAY DYEING 224.90 199.45 -11.32
3 WELSPUN INDIA 70.50 63.60 -9.69
4 HBL POWER SYSTEM 61.15 56.95 -6.87
5 JAIN IRRIGATION 99.65 93.30 -6.37
6 INDIABULLS REAL ES 221.65 208.25 -6.05
7 PUNJAB CHEM 418.55 393.80 -5.91
8 RELIACNE CAPITAL 567.30 536.40 -5.45
9 ANDHRA BANK 57.60 55.00 4.51
10 ORIENAL BANK 120.15 115.10 -4.20
11 SBI LIFE 698.65 670.10 -4.09
12 CENTRAL BANK 81.05 78.20 -3.52
13 LAKSHMI VILAS BANK 148.60 143.55 -3.40
14 UNION BANK OF INDIA 131.65 127.35 -3.27
15 HDIL 57.40 55.65 -3.05

8. NEXT WEEK STARS( AS PER TECHNICALANALYSIS )
NSE FUTURE
NSE FUTURE : BUY HAVELLS FUTURE ABOVE 546 TGT 580 SL 540
NSE FUTURE : BUY ASIAN PAINT FUTURE 1175 TGT 1275 SL 1150
NSE CASH
NSE CASH : BUY RAIN IND CASH ABOVE 210 TGT 230 SL 200.
NSE CASH : BUY SPTL CASH ABOVE 95 TGT 100 SL 91

9. NSE - WEEKLY NEWS LETTERS
✍ TOP NEWS OF THE WEEK
LIST OF STOCKS THAT HAVE GIVEN A 200-DAY MOVING AVERAGE PRICE
BREAKOUT/BREAKDOWN ON DAILY CHARTS - exponential moving average differs
from the simple and weighted moving as a given day's ema is calculated by taking all days prior
to current day into a calculation. Ideally to calculate 100 percent accurate ema we should make
use of all the closing prices right from the time of listing of the stock. Significance of 200 days
ema Long-term moving averages, such as the 200-day exponential moving average, are closely
watched areas of support and resistance for stocks. A price move through a major moving
average is often used as a sign from technical traders that a trend is reversing.
Following is the list of stocks that have given a 200-day ema price breakout/breakdown on daily
charts.
STOCK CMP 200day EMA BREAK OUT
/BREAKDOWN
Dredging corporation 549.5 564.5 Breakdown
Bf utilities 409.7 412.9 Breakdown
Reliance capital 540.75 547.5 Breakdown
Max financial 584 589.5 Breakdown
Zee entertainment 510.5 512 Breakdown
Kaveri seeds 550.1 547.5 Breakout
Power grid 205.65 203.8 Breakout
The ge shipping 392.65 390.80 Breakout
*a breakdown is the term used when the stock is trading with a bearish outlook and a breakout is
the term used when the stock is trading with a bullish outlook.

10. VITRA INTRODUCES WORLD CLASS BATHROOM SOLUTIONS TO INDIA - he
leading bathroom solutions brand of eczacıbaşı building products division in turkey strengthens
its presence in the indian market with its wide product range of internationally inspired
sanitaryware, bathroom furniture, bathtubs and faucets. Recently, eczacıbaşı building products
division held a meeting in istanbul with its growing business in India where the division plans to
increase investments. With a wide range of products, manufacturing, and extensive distribution
network, eczacıbaşı building products division, continues its’ international breakthrough as part
of its growth strategy.Vitra is the only brand in global markets offering every component of the
bathroom. The premium bathroom brand now brings this internationally acclaimed range of
bathroom solutions to the Indian consumer with its latest offerings of bathroom solutions like
Istanbul, metropole, water jewels, nest, t4 and memoria collections.As part of its design
excellence, vitra develops products with an impressive portfolio of leading designers. For
instance, the Istanbul series is inspired by istanbul’s culture and traditions and yet belongs to the
future. On the other hand the t4 series is a hygienic, functional, and innovative design that
transforms bathrooms into integral living spaces. The water jewel series transport nature’s spirit
to bathrooms.
H&R LAUNCHES RED RAMP PROJECT - h&r johnson , india’s leading integrated lifestyle
solution provider launched “the red ramp project” - an initiative aimed at encouraging the general
public & policy makers to start seriously thinking about providing disable people access at public
spaces all across the country. The initiative, conceptualized by soho square Mumbai, is a small
step by h&r johnson to make this topic become a discussion point amongst the people of India
and thereby possibly reach policy-makers who can influence the government and begin the
journey towards an access-friendly India.To ensure involvement and garner support for this
initiative, h&r johnson has created a portal asking people to provide inputs and comments along
with pictures of places where there is a necessity to create ramps that make public spaces access-
friendly for the disabled. This portal will also act as a one point contact for people to connect
across social media platforms and increase conversation on the topic.Associating with this
movement, leading film personality, ms. Katrina kaif said, “this is a wonderful initiative by h&r
johnson and it addresses an important need that is often overlooked: That of making public spaces
accessible for physically challenged people. I hope the campaign results in ramps being built in
more places making them more accessible to more people.”

11. ASSESSING RISKS IN EQUITY MUTUAL FUNDS - nowadays, all mutual fund schemes
carry riskometer which indicates the level of risk an investor would be exposed to if s/he chooses
to invest in the mutual fund scheme. So how does one interpret the risk indicated on the
riskometer? To understand this, let us first look at the riskometer itself. There are five levels of
risks indicated on the riskometer, namely, low, moderately low, moderate, moderately high and
high. These levels are indicated as coloured sections of an arch, where green colour indicates low
level of risk, red colour indicates high level of risk and yellow colour indicates moderate level of
risk. Similarly, the moderately low and moderately high levels of risks are depicted in two other
colours. The arrow below the arch points to the risk level of the mutual fund scheme, so if the
arrow points towards the green section, it means that the portfolio of the mf scheme has exposure
to investments that have low levels of risk. So, how does one interpret the riskometer in the
context of the equity mutual fund schemes? The balanced equity funds are the least risky as their
portfolio is well-diversified so as to mitigate the risks arising from market volatility and
fluctuations in stocks prices. On the other hand, the sectoral or thematic funds are the riskiest of
them all as these funds take theme-specific or sector-specific bets which can go wrong leading to
loss of capital. The large cap, multi-cap, mid-cap and small-cap funds lie between the two
extremes of balanced funds and thematic/sector-specific funds. The large-cap funds take exposure
to only large cap stocks, so these are less risky than mid-cap or small-cap fund that invest in mid-
and small-cap stocks that are highly volatile and, therefore, riskier. The multi-cap funds take
exposure across market caps, so investments in these funds carry moderate amount of risk.
MFS GARNER INFLOWS OF RS 20,000 CRORE FOR SECOND STRAIGHT MONTH -
mutual funds received inflows of rs 20,000 crore for the second straight month in September
taking the year-to-date inflow tally beyond rs 1 lakh crore. In the previous month, the equity
schemes saw net inflows of rs 22,233 crore, including rs 2,404 crore pocketed by tax-saving mf
schemes, as per the data released by the association of mutual funds in India on Friday. In august,
equity mfs had seen net inflows of rs 20,362 crore. Two straight months of sharp inflows belie
talks that the high tally for august was a one-off event. Despite a relatively slow start, the monthly
inflow tally now stands at rs 11,500 crore for 2017.

12. Most of the inflows into equity mfs come from individual investors, according to industry
players. Most retail clients are putting in money into equity schemes through the so-called
systematic investment plans, which involves investing a fixed sum every month. Total assets
under management for September stood at rs 20.4 lake corer compared with rs 20.6 lake crore at
the end of august. The high inflows into equity mfs have provided a counterbalance to the huge fii
selling. Since august, overseas investors have pulled out close to rs 20,000 corer from the
domestic market.
Domestic mfs have provided counter-buying worth over rs 30,000 corer during the same period.
The markets, however, have more or less remained unchanged.
THINGS TO KNOW ABOUT IEX IPO - ipo for the largest exchange for the trading of a range
of electricity products in india opens today. According to cerc, IEX commanded 99.4% market
share in terms of contracts traded in volume terms in fy17. IEX primarily brings together sellers
of power, such as independent power producers, captive power plants, distribution companies and
government-owned power generation companies, and buyers of power, such as distribution
companies and industrial, commercial and institutional power consumers, and provides them with
a transparent, neutral and automated platform for trading of electricity. The price band for the ipo
is set at rs 1645-1650 and the issue size at the upper end of the price band is ~rs 1001 cr. IEX is
the first energy exchange in India that gives it an advantage and enjoys strong brand recognition.
IEX is expected to be a beneficiary of growth in peak power demand in India which in turn is
expected to boost the power traded volumes on the exchange. The company has recorded
revenue growth of ~14% CAGR over fy13-17 on the back of robust volumes while the operating
margins have remained stable at ~72% over fy14-17. Pat has also grown in line with the revenue
at CAGR of ~14% over fy13-17.
RELIANCE GENERAL INSURANCE FILES PAPERS WITH SEBI FOR IPO - reliance
general insurance company limited filed its draft red herring prospectus with the market regulator
sebi seeking permission for its initial public offering . Rgic is one of the leading private-sector
general insurance company’s in india. The ipo comprises of an offering of up to 6.7 corer equity
shares of face value of rs 10 each of reliance general insurance company limited.

13. The offer comprises of a fresh issue of up to 1.67 corer equity shares by reliance general
insurance company limited and an offer for sale by reliance capital limited of up to 5.03 corer
equity shares. The net proceeds from the fresh issue will be utilized for augmenting the solvency
margin and consequently increase the solvency ratio and to meet future capital requirements
which are expected to arise out of growth. Motilal oswal investment advisors limited, credit
suisse securities private limited, edelweiss financial services limited and ubs securities india
private limited are the global co-ordinators and book running lead managers to the issue. Haitong
securities india private limited and idbi capital markets & securities limited is the book running
lead managers and karvy computershare private limited is the registrar.
MAS FINANCIAL SERVICES IPO OVERSUBSCRIBED 76X TIMES - mas financial
services limited, a Gujarat-head quartered nbfc with more than two decades of business
operations initial public offering has received a strong response from investors as it has been
oversubscribed76.26x times on the last day of subscription today. The reserved portion of
qualified institutional buyers has been oversubscribed 124.07 times while the category reserved
for non-institutional investors saw subscription of 110.40 times and retail investors 13.01 times.
The company has received bids for 25.63 corer equity shares against the total issue size of
71,24,910 shares, as per data available on the exchange.the total issue size stands at 71,24,910.
The total bids received stood at 25,40,800 shares while total bids received at cut-off price stood at
4,53,344 shares. The company has set a price band of rs 456 to rs 459 per equity share of face
value of rs 10 each of the company. The minimum bid lot is 32 equity shares and in multiples of
32 equity shares thereafter. The ipo comprises of a fresh issue aggregating up to rs 233 corer and
an offer for sale aggregating up to rs 227.042 corer by the selling shareholders. The company has,
in consultation with the brlm, undertaken a pre-ipo private placement of 3,990,422 equity shares
for cash consideration aggregating to rs 135 corer. The company proposes to utilize the net
proceeds of the fresh issue towards augmenting its capital base to meet future capital
requirements.

14. INDIA'S ECONOMY WILL GET ON TRACK SOON: WORLD BANK - India's economic
growth is going through an aberration caused by temporary disruptions in preparation for
the goods and service tax and will get corrected in the near future, said world bank president Jim
Yong Kim. He added that gst is going to have a positive impact on the economy. "There's been a
deceleration in the first quarter, but we think that's mostly due to temporary disruptions in
preparation for the gst, which by the way is going to have a hugely positive impact on the
economy," Kim told the media during a conference ahead of the annual meeting of
the international monetary fund and the world bank. "We think that the recent slowdown is an
aberration which will correct in the coming months, and the gdp growth will stabilise during the
year. We've been watching carefully, as prime minister modi has really worked on improving the
business environment, and so, we think all of those efforts will pay off as well," Said Finance
minister Arun Jaitley would be leading a delegation to the annual meeting next week.
RBI SHOULD HELP REVIVE STALLED PROJECTS: GOYAL - in a bid to boost the
economy, railway minister piyush goyal said that the reserve bank should help revive stalled
projects by creating a framework for restarting them, reported a national news agency. "They
should also help us to reignite the stalled projects. The stalled projects need funding and i think if
we can get the support of rbi to help create a framework by which this stalled project can be
restarted, we would love to start them yesterday," Goyal said. The minister was speaking on the
sidelines of the India economic summit of the world economic forum."The good part is this
government, led by modi, is in fiscal stimulus mode right from 3.5 years. Our pace of
implementation has been a nature of the stimulus. This is a government which has been giving
stimulus continuously, we don't need any time frame. We continue to persevere to add value to
the economy," He added.

15. INDIA SIGNS FINANCE CONTRACT WITH EUROPEAN INVESTMENT BANK - the
government of India and European investment bank have signed the finance contract for lending
of 300 million Euro for Bangalore metro rail project phase ii line r6, said a government release.
Bangalore metro rail project phase ii is to be jointly financed by the European investment bank
and Asian infrastructure investment bank. The project envisages the extension of east-west and
north-south lines for Bangalore metro rail which includes a total length of 72.095 km and 61
stations with 12 underground stations. The project implementation period is 5 years from the date
of commencement of the project. The objective of the project is to bring in a quantum
improvement in the transportation sector in the city in tandem with the Bangalore metropolitan
transport corporation and other modes of urban transport. The spin-offs from the project would
include employment opportunities, benefits to the economy, reduction of the number of vehicles
on road and less fuel consumption, it added.
GST TO FACILITATE EASE OF DOING BUSINESS: EU - the European union has praised
India's goods and services tax (gst) regime saying that would facilitate ease of doing business.
Visiting EU leaders also welcomed India's efforts to promote economic and social development
and expressed interest in participating in initiatives such as make in India digital India, skill India,
and start-up India. "The EU closely follows prime minister modi's economic reforms, including
the historic introduction of the goods and services tax, which can facilitate ease of doing business
and promotes market integration in India by realising a simple, efficient and nation-wide indirect
tax system," Said India EU joint statement issued during India- EU summit. The 14th annual
summit between India and the European union was held in new Delhi. Modi appreciated the
ongoing participation by EU companies in the flagship initiatives and called for their deeper
engagement in India's developmental priorities. The statement further said that the EU side
encouraged the greater participation of Indian business organisations into the enterprise Europe
network.

16. RBI TO ISSUE SERIES-III SOVEREIGN GOLD BOND - government of India, in
consultation with the reserve bank of India, has decided to issue sovereign gold bonds 2017-18,
series-iii. Applications for the bond will be accepted from October 9, 2017 to December 27, 2017.
The bonds will be issued on the succeeding Monday after each subscription period. The bonds
will be sold through banks, stock holding corporation of India limited, designated post offices and
recognised stock exchanges viz., national stock exchange of India limited and Bombay stock
exchange. The bonds will be restricted for sale to resident Indian entities including individuals,
hufs, trusts, universities and charitable institutions. The bonds will be denominated in multiples of
grams of gold with a basic unit of 1 gram. The maximum limit of subscribed shall be 4 kg
for individual, 4 kg for huf and 20 kg for trusts and similar entities per fiscal notified by the
government from time to time. The maximum limit of subscribed shall be 4 kg for individual, 4
kg for huf and 20 kg for trusts and similar entities per fiscal notified by the government from time
to time. The price of the bond will be fixed in rupees terms on the basis of simple average of
closing price of gold of 999 purity published by the India bullion and jewellers association
limited for the last 3 business days of the week preceding the subscription period. The issue price
of the gold bonds will be rs 50 per gram less for those who subscribe on line and pay through
digital mode. Commission for distribution of the bond shall be paid at the rate of 1% of the total
subscription received by the receiving offices and receiving offices shall share at least 50% of the
commission so received with the agents or sub agents for the business procured through them.

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