Market Commentary. Daily Technical Roundup

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1 Market Commentary FII & DII Activity FII (Cash) in Cr DII (Cash) in Cr FII (Index Futures) in Cr FII (Index Options) in Cr FII (Stock Futures) in Cr FII (Stock Options) in Cr Put-Call Ratio's Index Options 0.74 Stock Options 0.50 F&O Total 0.73 Benchmark indices ended lower but off day's low after Reserve Bank of India (RBI) slashed repo rate by 25 bps to 6 percent on April 4 as expected and kept the stance unchanged to Neutral. At the close, the Sensex was down points at 38,684.72, while Nifty was down 46 points at 11,598. About 1073 shares have advanced, 1426 shares declined, and 164 shares are unchanged. Top losers include TCS, HCL Tech, Hindalco Industries, BPCL and Yes Bank, while gainers were Indiabulls Housing, Zee Entertainment, Tata Motors, UltraTech Cement and Britannia Industries. On the sectoral front, except auto, FMCG and pharma, all other indices ended in red led by IT, bank and energy. USDINR closed at (+1.08%). Brent Crude is at 69.16$. In the morning, The Shanghai Composite (+0.94%) Nekkei225 (+0.32%) and the Hang Seng(-0.17%) are showing mixed cues. SGX NIFTY appeared flat (+0.09%) Godrej Properties: Company adds a new residential project in Navi Mumbai. Company increased its equity stake in Wonder Space Properties Private Limited from 25.1 percent to percent by acquiring equity shares from Shubh Properties Cooperatief U.A. Titan Company: Company sales grew in FY19 by around 21 percent, targets around 20 percent growth in FY20 despite the muted outlook for economy. Jewellery division grew 22 percent and Eyewear 23 percent in FY19. Cipla: Company received the Establishment Inspection Report (EIR) from USFDA, indicating closure of the inspection of Goa manufacturing facility. VIP Industries: There was a fire accident at the company's warehouse in Uttar Pradesh, but fortunately no casualties. The company is taking adequate measures to ensure the refunctioning of the warehouse. Mahindra & Mahindra: Swaraj Tractors crossed a production milestone Sumpoorna of lakh units. It had produced over 200,000 tractors in , second highest by an Indian tractor brand during the year. 1

2 Nifty Outlook Outlook: Nifty is expected to trade initially in a range to11700 initially, support Resistance NSE Overall Advance & Decline - Advances Declines Unchanged 106 Change in Open Interest (Apr) - Nifty - Bank Nifty Nifty PE lakhsShare (-0.89%) -0.34Shares (-1.73%) India VIX (-0.71%) Nifty has confirmed the bearish engulfing candle by another red candle. Initial range if the index seems to The support level around coincides with the neckline of the previous breakout and the pattern suggests the trend deciding support is around If managed to sustain above the index needs to cross to show further strength. Oscillators in daily chart are negative but the weekly closing would provide cues for further trend. There is high probability of a bounce from holding for some more sessions. Chart (Daily): High Low Resistance Levels - R R R Support Levels - S S S NIFTY - BANK Outlook Outlook: Nifty Bank is expected to trade initially in the range to Resistances Support Nifty bank closed on a weak note but still holding the support at Bank Nifty Overall The initial range is expected to be to and to regain the Advance & Decline strength the index needs to close above but the momentum - Advances 3 would be seen only above Declines 9 - Unchanged 0 Bank Nifty Open Interest -0.34Shares (-1.73%) Next resistance Traders should watch closely below which there may be more weakness and the index would tend to move towards and which is also 38.2% retracement level of the recent rise. Oscillators in daily chart are negative. Weekly closing would provide further cues. 2

3 Bank Nifty Chart (Daily):29905 High Low Resistance Levels - R R R Support Levels - S S S Stock Watch Trends Fresh Longs AMARAJABAT SHREECEM SRF STAR OFSS Fresh Shorts AMBUJACEM BPCL REPCOHOM RELCAPITAL MRPL Short Coverings INDIGO SAIL TATACHEM JETAIRWAYS TATAGLOB Long Unwinding BEML INDIANB SIEMENS CANFINOM SUNTV STOCK PICKS JINDALSTEL Recommendation Buy Current Price Current Price (Date) 4 TH April 2019 Transaction Price Range Target 171 Stop Loss 186 below DMA Segment Cash 52-week High (Rs.) `52-week low (Rs.) Market Cap (Rs. Cr) JINDALSTEL has a HNS pattern in hourly chart and the neckline is at Target would be and resistance

4 ULTRACEMO Recommendation Buy Current Price 4080 Current Price (Date) 4 th April 2019 Transaction Price Range or any dip Target Stop Loss DMA 3896 Segment Cash 52-week High (Rs.) week Low (Rs.) Market Cap (Rs. Cr) ULTRACEMO has confirmed an inverted hammer and it may take an attempt to cross previous three tops at

5 Disclaimer: This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the security/ instrument referred to in this document (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment. This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced, redistributed or passed on, directly or indirectly. Source: Sumpoorna Research, NSE, BSE, SEBI, and other publically available documents. Document prepared by: Nitesh Aggarwala & Sunil Koul For further information, please contact: Sumpoorna Global Markets & Economics Research Phone: Sumpoorna Portfolio Limited, its affiliates, directors, its proprietary trading and investment businesses (collectively referred to as Sumpoorna ) may, from time to time, make investment decisions that are inconsistent with or contradictory to the recommendations expressed herein. The views contained in this document are those of the analyst, and the company may or may not subscribe to all the views expressed within. Reports based on technical and derivative analysis center on studying charts of a investment vehicle's price movement, outstanding positions and trading volume, as opposed to focusing on a instrument's fundamentals and, as such, may not match with a report on a company's/ investment vehicles fundamentals. The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this document is for general guidance only. Sumpoorna or any of its affiliates/ group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Sumpoorna has not independently verified all the information contained within this document. Accordingly, we cannot testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While Sumpoorna endeavours to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Neither Sumpoorna, its directors, employees nor its affiliates shall be liable for any loss or damage that may arise from or in connection with the use of this information. Note: Please contact Sumpoorna for more information on investment decisions. Also, please refer to the latest update on respective investment instruments for the disclosure status in respect of those particular investment instruments. Sumpoorna and its affiliates and clients may have investment positions in the investment vehicles recommended in this report. url: 5

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