Market Commentary. Daily Technical Roundup. Sumpoorna period of not more than 18 months, to the promoter on a preferential allotment basis.

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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 Stock Options F&O Total Indian benchmark indices BSE Sensex and NSE s Nifty 50 continued their winning streak for a third day on Thursday after the new RBI governor Shaktikanta Das on his first day said he would take a more consultative approach and move quickly to address some of the pressing issues. The Sensex closed points up at 35, and the Nifty 50 ended points higher at 10, The BSE mid- and small-cap indices rose 0.82% and 0.65%, respectively. Sixteen out of 19 sectoral indices on BSE gained, with consumer durables, realty and capital goods rising over 1%. Energy, telecom and metal declined. USDINR closed at (+0.46%). Brent Crude is at 61.13$. In the morning, The Shanghai Composite (-0.51) Nekkei225 -(-1.71%) and the Hang Seng (-1.-54%) are showing negative cues. SGX NIFTY appeared negative (-0.51%) Indian Oil Corporation: Board approved the buyback of up to 29.7 crore shares at Rs 149 per share and declared an interim dividend of Rs 6.75 per equity share. Adani Enterprises: Subsidiary Adani Defence Systems and Technologies Limited acquired Alpha Design Technologies Private Limited for Rs 400 crore. KNR Constructions: India Rating revised the company's credit rating from A+ Stable to A+ Positive. Capital First and IDFC Bank: National Company Law Tribunal approved the composite scheme of amalgamation of the company, Capital First Home Finance Limited and Capital First Securities Limited with IDFC Bank Limited. Lupin: Company received tentative US FDA approval for Dimethyl Fumarate Delayed-release capsules, 120 mg and 240 mg, which are indicated for the treatment of patients with relapsing forms of multiple sclerosis. Dilip Buildcon: CARE revised rating for company's long-term bank facilities worth Rs 1, crore to A/Stable from A+ and removed from credit watch with developing implications. Dilip Buildcon: Subsidiary DBL Rewa Sidhi Highways Private Limited received the financial closure letter from the National Highways Authority of India and has declared the financial closure of the said SPV. Il&FS Transportation Networks: Company appoints Shaivali Parekh as Chief Financial Officer. UltraTech Cement: Binani Cement is now UltraTech Nathdwara Cement Limited. Himadri Speciality Chemical: CARE revised rating on company's long-term bank facilities to AA-/Stable from A+/Stable, and shortterm bank facilities to AA-/Stable/A1+ from A+/Stable/A1+. MIC Electronics: Committee of Creditors approved resolution plan submitted by Cosyn Limited, consortium. Premier Explosives: Company has received an order from an Israel company for design, development, fabrication and assembly of Rocket Motors. Order amount is $41,000 and is to be executed in six months. Maestros Electronics & Telecommunications Systems: Board approved the issue of 2,32,813 equity shares at Rs per share and 5,67,479 equity warrants at Rs per warrant to be converted into equity Sumpoorna 2017 shares, in one or more tranches within a period of not more than 18 months, to the promoter on a preferential allotment basis. 1

2 Nifty Outlook Outlook: Nifty is expected to trade initially in a range to initially, support Resistance NSE Overall Advance & Decline Advances - Declines Unchanged 374 Change in Open Interest ( Dec) - Nifty shares (+5.76%) - Bank Nifty +0.90Lakhs shares (+5.77%) Nifty PE India VIX (-3.24%) In the previous session, Nifty had a consecutive 3nd day bullish rally and it is closed justabove the200 SMA around The candle made in daily chart is a doji type which could not be considered as a breakout but a negative confirmation in the next session may indicate profit booking. Nifty has completed 61.8% retracement of the recent fall. Now it needs to sustain previous days high to show further uptrend, while inability to sustain above would drag the index down again. However, immediate support suggests the initial range might be to Next support is at and the trend decider support should be considered at 50 SMA around Major selloff is expected only after a closing below Sustaining above would surge the index towards or 100 SMA resistance around Oscillators in daily chart turned positive but intraday chart is slightly over bought on intraday basis. Chart (Daily): High Low Resistance Levels - R R R Support Levels - S1 - S2 - S

3 NIFTY - BANK Outlook Outlook: Nifty Bank is expected to trade initially in the range to 27000; Resistances 27210; Support Bank Nifty Overall Advance & Decline - Advances - Declines - Unchanged Bank Nifty Open Interest Lakhs shares (+5.77%) Nifty bank continued the bull rally for the third consecutive day and crossed the resistance but the candle made in a doji type and it could not be considered as a breakout. A negative confirmation may indicate some profit booking.. Inability to cross would be negative and the index may tend to breach 100SMA and it is expected to find support around Major support for near term is 200 SMA near which is also 50 week s morning average. It should also be noted that 50 SMA is around and hence, the index seems trapped in a wide range and major sell off would happen only below which has very less probability. Daily chart oscillators are positive; traders need to watch for next session s trend. Bank Nifty Chart (Daily):26816 High Low Resistance Levels R1 - R2 - R Support Levels - S1 - S2 - S Stock Watch Trends Fresh Longs 1 PCJEWLER 2 GODREJIND KSCL 3 4 TORNTPHA WIPRO 5 Fresh Shorts CHOLAFIN BERGPNT CONCOR ASIANPNT VOLTAS Short Coverings Long Unwinding BOI L&TFH ACC ESCORTS INDIANB VGUARD CEAT BALKRISHNA ARVIND MRF 3

4 Stock Picks PNB Recommendation Buy Current Price 71 Current Price (Date) Transaction Price Range 13th Dec 2018 Target Stop Loss DMA Segment 52-week High (Rs.) 52-week Low (Rs.) Cash Market Cap (Rs. Cr) Above PNB would show an inverse head and shoulder type breakout above and expected to gain a momentum towards A stop loss of 70 should be maintained. UBL Recommendation BUY Current Price 1257 Current Price (Date) Transaction Price Range Target 12th Dec Stop Loss DMA Segment Cash 52-week High (Rs.) week Low (Rs.) Market Cap (Rs. Cr) Above UBL whilemoving above 50 SMA has confirmed an inverted hammer as a bullish continuation pattern and hence it can be bought at declines with stop loss Moving above 1267 would be positive for target 1297 and

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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