ELITE INVESTMENT ADVISORY SERVICES

DAILY EQUITY REPORT 24/10/2017

MARKET SUMMARY

EQUITY BENCHMARKS CLOSED A VOLATILE SESSION ON A POSITIVE NOTE MONDAY, BACKED

BY RELIANCE INDUSTRIES, ICICI BANK, HDFC BANK, INFOSYS AND TELECOM STOCKS; BUT
HDFC AND ITC CAPPED GAINS. GLOBAL CUES ALSO SUPPORTED THE MARKET. INVESTORS
LOOKED AT ANOTHER BATCH OF EARNINGS.THE 30-SHARE BSE SENSEX ROSE 116.76 POINTS
TO 32,506.72 AND THE 50-SHARE NSE NIFTY GAINED 38.40 POINTS AT 10,184.90.EXPERTS
EXPECT THE VOLATILITY TO CONTINUE AHEAD OF EXPIRY OF OCTOBER FUTURES & OPTIONS
CONTRACTS ON THURSDAY. STOCK SPECIFIC ACTION IS LIKELY TO BE SEEN AS LOT OF
EARNINGS WILL BE ANNOUNCED DURING THE WEEK.

MARKET UPDATE

MARKET CLOSING CHANGE % CHANGE

SENSEX 32506.72 116.76 0.36%
NIFTY-50 10184.85 38.30 0.38%

DAILY STOCK RECOMMENDATIONS

CALL: BUY ANDHRSUGAR ABOVE 575 TARGETS 580, 585, 590 STOPLOSS 565
:
CALL: BUY SHIVAMAUTO ABOVE 105.50 TARGETS 106.50, 107.50, 108.50 STOPLOSS 104.50

CALL: BUY COROMANDEL ABOVE 505 TARGETS 510, 515, 520 STOPLOSS 495

NIFTY TOP 3 GAINERS/ LOSERS

COMPANY CMP PREV. % CHG COMPANY CMP PREV. % CHG

NAME CLOSE NAME CLOSE
BHARTIARTL 497.05 473.75 4.92 CIPLA 592.10 607.80 -2.58
RELIANCE 940.10 909.90 3.32 INFRATEL 449.20 460.25 -2.40

AMBUJACEM 282.85 274.05 3.21 AXISBANK 449.80 460.30 -2.28

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 SECTORIAL INDICES

2
1.5
1
% CHANGE

0.5
0
-0.5
-1

INDEX

FII/DII ACTIVITY (19/10/17)

INSTITUTIONS BUY VALUE SELL VALUE NET VALUE

FIIs 15.36 59.10 -43.74
DIIS 44.16 3.38 40.78

CURRENCY UPDATE

CURRENCY CLOSING CHANGE % CHANGE

USD INR 65.05 -0.01 -0.01
EUR INR 76.40 -0.68 -0.88
GBP INR 85.65 -0.16 -0.18
JPY INR 57.15 -0.74 -1.28
CURRENCY UPDATE
KEY UPCOMING EVENTS

EVENT DESCRIPTION REGION FORECAST PREVIOUS

PRELIM GDP Q/Q GBP 0.3% 0.3%
NEW HOME SALES USD 556K 560K
CRUDEOIL INVENT. USD - -5.7M

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SCRIPT R3 R2 R1 PIVOT S1 S2 S3

NIFTY-50 10330 10275 10230 10175 10130 10080 10030

NIFTY-50 TRADING STRATEGY:

NIFTY-50 CLOSED AT POSITIVE SIDE

AND TAKE A SUPPORT FROM THE
LEVEL OF 10124.50, IF NIFTY-50
WILL CROSS THE LEVEL OF 10250,
IN THE NEXT TRADING SESSION. WE
RECOMMENDED BUYING FROM THE
LEVEL OF 10250.

SCRIPT R3 R2 R1 PIVOT S1 S2 S3

NIFTY 24430 24290 24190 24050 23950 23815 23715

BANK

NIFTY-BANK TRADING STRATEGY:

IN THE TODAYS TRADING SESSION,

NIFTY-BANK HAS TAKEN THE SUPPORT
FROM THE LEVEL OF 23912 AND CLOSED
AT 24088, IF NIFTYBANK WILL BE TRADE
ABOVE 24150. IN THE NEXT TRADING
DAY, THEN WE RECOMMENDED BUYING
ABOVE THE LEVEL OF 24150.

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