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CARAT

F nan c al S er v ces
advice as pure as gold

Sebi Reg. No.:- INH000003358

Thursday, 2nd November 2017

NIFTY 50 10423.80 -16.70 -0.16

SENSEX 33573.22 -27.05 -0.08

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 Market Wrap Thursday, 2nd Nov 2017

Markets ends on a subdued note

In todays trade, markets traded in a narrow range throughout the day with PSU Bank index
witnessing selling pressure, closing 1.5% lower.

Ni y and Bank Ni y index closed 0.16%/0.25% lower.

Despite lesser price movement, Ni y and Bank Ni y futures added fresh open interest to the
tune of ~13 lakh/ ~90k, hin ng marginal buildup of short posi ons.

Ni y: -16 points @ 10423

Bank Ni y: -63 points @ 25427
Top 2 F&O Gainer: INFIBEAM CORPORATION, DIVIS LAB
Top 2 F&O Loser: UNION BANK, IDFC BANK
Most Ac ve Index Op on
Contract:
Call Op on: 10500CE, O.I: ~1.8 lakh shares
Put Op on: 10400PE, O.I: ~ 2.3 lakh shares
Ni y Max O.I Strikes: 10500CE, 10000PE
Bank Ni y Max O.I Strikes: 26000CE, 25000PE (9TH Nov 2017 Expiry)

Buzzing Stocks
Closing Bell: Gainers - Aurobindo Pharma (+4%), Lupin, Sun Pharm, Power Grid (+3%); Losers - Tech Mahindra (-4%), Hero
MotoCorp (-2.5%), Infratel (-2%).
Central Bank to sell 53 assets worth Rs 173 cr for NPA recovery
Hero MotoCorp October sales: Total sales at 6.3 lakh units.
SBI seeks bids to sell Rs 1.5 bn loan of Nissan Copper.
Ruchi Soya: Devonshire to buy 51% stake in company.
UCO Bank shares recover, seeks bids to sell 51% stake in 2 stainless steel companies to recoup Rs 31 bn loan.
Cadila Health: Nesher gets USFDA nod for Dextroamphetamine and Amphetamine Sulfate tablets. Stock up 2%.
Adani Ports: Promoter releases pledge on 86.7 lakh shares.
Yes Bank revises lending rate across some tenors w.e.f November 1.
Solar Ind shares up 2% on Rs 11.4 bn contract.
Hexaware shares up 14% as Jul-Sep consol PAT beats es mate.
Au Small Finance shares up 3% on partnership with Cholamandalam.
Dredging Corp shares up 10% as cabinet approvfes governments exit from company.
Divi's Lab shares up 17% as USFDA li s import ban on Vizag Unit-2.
Results Today Power Grid, Berger Paints, Glenmark Pharma, HCC, Shriram City Union Finance, Akzo Nobel India, Andhra Bank,
Deepak Fer lizers, Orient Cement, TCI.

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Market Action Thursday, 2nd Nov 2017

10:22 AM 10:21 AM
PSU Banks & Auto Stocks drop Pharma stocks rally
Shares of PSU Banks and Auto stocks Pharma stocks move up; Gainers: Auro
witness a drop in the opening trade. Pharma(+3.79%) Sun Pharma(+2.81%)
Losers : Tech Mahindra (-4.18%) Lupin (+2.49%) .
Tata Motors (-1.34%).

10:20 AM
Indian markets open at
Indian markets remain rangebound; Nifty at
10445, no major movement seen.

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Key Indices Thursday, 2nd Nov 2017

Index Today
LTP % Change High Low
Nifty Smallcap 100 8,662.20 63.70 (0.74%) 8,706.90 8,610.55
Nifty Next 50 30,020.40 116.70 (0.39%) 30,115.70 29,891.10
Nifty Midcap 100 19,728.50 41.85 (0.21%) 19,843.40 19,677.25
Nifty 500 9,237.75 2.90 (0.03%) 9,264.10 9,217.60
Nifty 200 5,690.00 -1.45 (-0.03%) 5,706.35 5,679.35
Nifty 100 10,839.40 -8.50 (-0.08%) 10,868.30 10,822.20
Nifty 50 10,423.80 -16.70 (-0.16%) 10,453.00 10,412.55
Bank Nifty 25,427.30 -63.15 (-0.25%) 25,598.75 25,405.50
Advance/ Decline
Index Advance Decline
Nifty 50 22 28
Nifty Next 50 22 28
Nifty 100 44 57
Nifty 200 93 108
Nifty 500 245 251

Sector Indices
Today
Index LTP % Change High Low
Nifty Pharma 10,004.50 292.95 (3.02%) 10,060.35 9,782.60
Nifty Financial Services 10,464.75 27.15 (0.26%) 10,494.10 10,429.55
Nifty IT 10,845.85 28.55 (0.26%) 10,884.50 10,788.00
Nifty Realty 312.50 0.10 (0.03%) 314.35 309.85
Nifty Metal 3,941.00 -5.40 (-0.14%) 3,950.95 3,909.45
Nifty Energy 14,549.60 -35.70 (-0.24%) 14,637.75 14,527.55
Nifty Media 3,119.40 -16.00 (-0.51%) 3,143.95 3,110.00
Nifty Auto 11,282.85 -80.65 (-0.71%) 11,351.70 11,272.80
Nifty FMCG 25,823.90 -259.85 (-1.00%) 26,112.40 25,795.15
Nifty PSU Bank 3,862.35 -59.60 (-1.52%) 3,964.70 3,856.05
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Index Pullers & Draggers Thursday, 2nd Nov 2017

Index Pullers Index Draggers

Company Name LTP Change Contribution Points Company Name LTP Change Contribution Points

ICICI Bank 316.65 3.25 (1.04%) 5.36 ITC 265.65 -4.20 (-1.56%) -9.45

Sun Pharma.Inds. 563.45 14.75 (2.69%) 4.12 St Bk of India 314.35 -5.50 (-1.72%) -5.40

HDFC 1,762.25 7.95 (0.45%) 3.28 Reliance Inds. 946.60 -5.95 (-0.62%) -5.16

TCS 2,626.15 23.30 (0.90%) 2.99 Tech Mahindra 467.95 -20.55 (-4.21%) -3.48

Power Grid Corpn 215.20 4.85 (2.31%) 2.71 Hind. Unilever 1,241.50 -16.50 (-1.31%) -3.10

Stocks Showing Activity

Top Gainers -Nifty 500 Top Losers-Nifty 500

Company Name LTP Change Company Name LTP Change

Infibeam Incorp. 157.95 26.25 (19.93%) J Kumar Infra 250.60 -16.30 (-6.11%)

8K Miles 852.35 129.65 (17.94%) Blue Star 719.70 -46.25 (-6.04%)

Divi`s Lab. 1,072.90 149.25 (16.16%) Mahindra Holiday 356.45 -19.80 (-5.26%)

Hexaware Tech. 318.95 37.80 (13.44%) Praj Inds. 77.15 -4.05 (-4.99%)

Dredging Corpn. 738.95 68.35 (10.19%) Union Bank (I) 171.05 -8.60 (-4.79%)

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52-Week High-Low Thursday, 2nd Nov 2017

52 Week High Today-Nifty500 52 Week Low Today-Nifty500

Company Name LTP Change Company Name LTP Change

8K Miles 852.35 129.65 (17.94%) . . .

Hexaware Tech. 318.95 37.80 (13.44%)

Dredging Corpn. 738.95 68.35 (10.19%)

Hind.Copper 82.50 6.85 (9.05%)

Shriram Trans. 1,301.90 104.60 (8.74%)

Global Indices

Indices Date Value Previous Close Change % Change

CAC 40 02/11/2017 5,506.32 5,514.29 -7.97 -0.14
DAX 02/11/2017 13,435.32 13,465.51 -30.19 -0.22
FTSE 02/11/2017 7,512.43 7,487.96 24.47 0.33
DOW Jones 01/11/2017 23,435.01 23,377.24 57.77 0.25
Shanghai 01/11/2017 3,383.31 3,395.91 -12.60 -0.37
Hang Seng 01/11/2017 28,518.64 28,594.06 -75.42 -0.26
Nasdaq 01/11/2017 6,716.53 6,727.67 -11.14 -0.17
Nikkei 01/11/2017 22,539.12 22,420.08 119.04 0.53
Straits Times 01/11/2017 3,380.50 3,391.61 -11.11 -0.33

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 Nifty Spot View Thursday, 2nd Nov 2017

NIFTY
10423.80 -16.70 (-0.16%)
Nov 02, 16:10 Intraday 52 Week
OPEN 10,440.50 HIGH 10,453.00 10,453.00

P. CLOSE 10,440.50 LOWS 10,412.55 7,893.80

R2 10470

R1 10445

Pivot 10430

S1 10405

S2 10380

Jus ca on & Comments:

Equity benchmarks Ni y closed rangebound session at with a nega ve bias on Thursday a er investors digested the
outcome of Federal Reserve policy mee ng and focussed on corporate earnings. The 50-share NSE Ni y lost 16.70 points
to close at 10,423.80, a er hi ng an intraday record high of 10,453 in opening trade.

Technical Study:

The consolida on a er a record high was warranted, which may con nue for couple of sessions before moving up further
towards fresh record high. Overall we are yet to see the level of bullishness and complacency which could signal the end
of the inherent bull trend. This rally could have further legs in the short term; but we would s ll not advocate taking fresh
longs at this juncture.

Technically Ni y Index is in strong bullish trend. Important Pivot level, which will act as a crucial support level for the index,
is placed at 10405 followed by 10380 On the upside, key resistance levels are 10445 and 10470.

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 Bankl Nifty Spot View Thursday, 2nd Nov 2017

Bank Nifty
25427.30 -63.15 (-0.25%)
Nov 02, 16:10
Intraday 52 Week
OPEN 25,508.40 HIGH 25,598.75 25,598.75
P. CLOSE 25,490.45 LOWS 25,405.50 17,606.90

R2 25665

R1 25545

Pivot 25475

S1 25355

S2 25285

Jus ca on & Comments:

In Thursdays trading session Bank Ni y opened on a at note and traded with posi ve movement in ini al phase of the
market and made its life me high of 25598.75 before it showed some prot booking in second half which lead Bank Ni y
index to closed in red at 25427.30 with loss of 63 points.

Technical Study:

The Ni y Bank index again started the day on a posi ve note but soon index lost its gain due to selling from higher levels.
Ni y Bank Index traded in a narrow range throughout the day with PSU Bank index witnessing selling pressure, closing
1.5% lower. If the index managed to show some sustainability on higher levels than 25700 & 25900 levels are not far
away from current levels as index is looking bullish on daily chart.

Important Pivot level, which will act as a crucial support level for the index, is placed at 25,355 followed by 25,285 On the
upside, key resistance levels are 25,545 and 25,665.

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 24 CaratCall Thursday, 2nd Nov 2017

Range 762.10 - 773.55

Pidilite Industries Limited (NSE:PIDILITIND) 52 week 567.75 - 868.45
764.50 -8.25 (-1.07%) Open 773.10
Nov 2 - Close Vol. 504,843.00
Currency in INR Mkt cap 392.42B
P/E 48.02
Pidilite Industries Limited is a holding company. The Company is engaged in the manufacture of adhesives and glues, including rubber based glues and adhesives. Its
segments include Consumer & Bazaar Products, Industrial Products and Others. The Consumer & Bazaar Products segment includes products, such as adhesives,
sealants, art and craft material and others, construction and paint chemicals. These products are used by carpenters, painters, plumbers, mechanics, households,
students and offices, among others. The Industrial Products segment covers products, such as industrial adhesives, synthetic resins, organic pigments, pigment
preparations and surfactants, and caters to various industries, such as packaging, textiles, paints, printing inks, paper and leather. The Others segment consists of
vinyl acetate monomer (VAM) manufacturing unit of Vinyl Chemicals (India) Ltd. Its subsidiaries include Bhimad Commericial Company Pvt Ltd and Percept
Waterproofing Services Ltd, among others.

R2 778

R1 771

Pivot 766

S1 759

S2 755

Jus ca on & Comments:

Pidilite Industries Limited (NSE:PIDILITIND) Looks bearish on Daily chart

Stock closed below support levels which is placed at 770- 775
Trading below Key Moving Averages: 21 EMA, 50 EMA & 100 EMA on daily charts
Key Momentum Indicator MACDH (21,50) Signal Period 9 EMA trading in nega ve zone
Looking at the Chart Structure, Volumes, Price Pa ern Forma on, and Moving Averages we are bearish on the counter
and suggest fresh short selling for the next intraday trading session

SELL PIDILITIND @ 770- 765 TARGET 750/ 735 STOPLOSS 785 (QTY: 1000)

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 24 CaratCall Thursday, 2nd Nov 2017

Range 727.15 - 744.35

Equitas Holdings Ltd (NSE:EQUITAS) 52 week 444.50 - 765.60
729.80 -3.10 (-0.42%) Open 739.00
Nov 1 - Close Vol. 1.99M
Currency in INR Mkt cap 186.31B
P/E 23.24
Tata Chemicals Limited is a holding company. The Company is a manufacturer of soda ash and sodium bicarbonate for diverse industries, such as glass, detergents,
silicates, textiles, food, pharmaceuticals, animal feed, mining and chemical processing. The Company operates through four segments: Inorganic Chemicals, which
includes soda ash, salt, sodium bicarbonate, marine chemicals, caustic soda and cement; Fertilisers, which includes fertilizers and other traded products; Other
Agri-inputs, including Rallis India Limited's operations, and Others, which includes pulses, spices, water purifier and nutritional solutions. The Company classifies its
products under approximately three categories, including living essentials, industry essentials and farm essentials. The Company has a global presence with subsidi-
-aries in the United Kingdom, Kenya and the United States.

R2 148.95

R1 146.7

Pivot 145.3

S1 143.05

S2 141.65

Jus ca on & Comments:

Equitas Holdings Ltd (NSE:EQUITAS) Looks bearish on Daily charts
Stock trading 4 to 5 % away from 52 week lows
Stock has seen trend line break down, Retested the Resistance and heading towards lower levels
Trading below Key Moving averages 21 EMA, 50 EMA & 100 EMA on daily Chart
Key momentum Indicator MACDH (21,50) Trading in nega ve zone
Looking to the Chart Structure, Averages, break down we are bearish on the counter and suggest selling in the counter in
the next intraday trading session

SELL EQUITAS @ 146- 144 TARGET 140/ 136 STOP LOSS 150 (QTY: 3200)

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FII And DII Activity Updated till 1st Nov 2017 Thursday, 2nd Nov 2017

FII RS CRORES
Date Gross Purchase Gross Sales Net Purchase/ Sales
01-Nov-2017 6131.83 5093.52 1,038.31

DII RS CRORES
Date Gross Purchase Gross Sales Net Purchase/ Sales
01-Nov-2017 4519.98 5187.89 -667.91

FII And DII Activity Updated till 1st Nov 2017

Monthly FII Data (RS CRORES)

Date Gross Purchase Gross Sales Net Purchase/ Sales
October 2017 103,827.67 111,654.20 -7,826.53
September 2017 95,431.19 119,401.16 -23,969.97
August 2017 95,588.51 111,584.14 -15,995.63
Monthly DII Data (RS CRORES)
Date Gross Purchase Gross Sales Net Purchase/ Sales
October 2017 74,713.94 64,623.03 10,090.91
September 2017 79,160.50 58,134.97 21,025.53
August 2017 70,219.04 54,013.82 16,205.22
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24 Carat Call Performance Thursday, 2nd Nov 2017

Our Previous Recommendation

Date Call Target/SL P&L
1 Nov 2017 BUY MUTHOOTFIN @ 505- 507 TARGET 515/ 525 STOPLOSS 495 (QTY: 1500) CLOSED @ COST NIL
1 Nov 2017 SELL TATACHEM BELOW 725 TARGET 701/ 690 STOP LOSS 740 (QTY: 1500) TG ACHIEVED +10,500/-

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24 Carat Calls Monthly Performance

Months Prot & Loss

September 2017 Rs. 2,76,900/-
October 2017 Rs. 1,28,550/-
November 2017 Rs. 10,000/-*
December 2017

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