TheWeekThat Was Index Market Outlook Cash Market Data ... 0… · Pivot Levels Next Week Events Technical Recommendations Index Particulars Nifty Sensex 52 Wk High 52 Wk Low 12430.50

Weekly Newsletter | - 08 Aug , 202002 Augnd th

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Market Outlook

The Week That Was

Key indices recorded weekly gains for a fifth straight week on positive global stocks. The S&P

BSE Sensex closed above 38,000, while the Nifty50 settled a tad below 11,200. Reliance

Industries performance boosted the benchmark indices. Global markets were buoyed by a

slew of positive news on the coronavirus vaccine and fiscal stimulus fronts.

In the week ended on Friday, 24 July 2020, the Sensex jumped 1,108.76 points or 3% to settle

at 38,128.90. The Nifty 50 index advanced 292.45 points or 2.68% to settle at 11,194.15.

The BSE Mid-Cap index rose 171.80 or 1.27% to settle at 13,702.55. The BSE Small-Cap index

gained 184.02 points or 1.44% to settle at 12,966.55.

Key domestic barometers ended near the day's high on Monday, 20 July 2020 extending gains

for the fourth straight session. The Nifty managed to close above the psychological 11,000

mark. Encouraging Q1 earnings from index pivotals countered the impact of the surge in

domestic coronavirus cases. The barometer S&P BSE Sensex rose 398.85 points or 1.08% at

37,418.99. The Nifty 50 index gained 120.50 points or 1.11% at 11,022.20.

Key equity benchmarks ended with strong gains on Tuesday, 21 July 2020 rising for the fifth

straight session. Global shares advanced as European Union (EU) leaders agreed on a 750

billion euros package aimed at funding post-pandemic relief efforts in the region. Hopes for a

coronavirus vaccine also lifted risk appetite. The first set of results from early-stage clinical

trials of the Oxford University COVID-19 vaccine candidate show the vaccine is safe and

induces an immune reaction. The barometer S&P BSE Sensex jumped 511.34 points or 1.37%

at 37,930.33. The Nifty 50 index rose 140.05 points or 1.27% at 11,162.25.

Domestic stocks ended lower after a volatile session on Wednesday, 22 July 2020. The

barometer S&P BSE Sensex lost 58.81 points or 0.16% at 37,871.52. The Nifty 50 index shed

29.65 points or 0.27% at 11,132.60.

Indices ended near the day's high on Thursday, 23 July 2020. The barometer index, the S&P

BSE Sensex, rose 268.95 points or 0.71% at 38,140.47. The Nifty 50 index climbed 82.85 points

or 0.74% at 11,215.45.

Key indices ended near the flat line on Friday, 24 July 2020. The barometer index, the S&P BSE

Sensex dropped 11.57 points or 0.03% at 38,128.90. The Nifty 50 index lost 21.30 points or

0.19% at 11,194.15. Sentiment was impacted by negative global cues amid rising coronavirus

cases and ongoing US-China tensions.

Market regulator Securities and Exchange Board of India (Sebi) on Monday, 20 July 2020

released framework to enable verification of upfront collection of margins from clients in cash

and derivatives segments. The new framework will come into effect from 1 December 2020

and will be implemented in a phased manner. From 1 September 2021, investors and traders

will have to pay all the margins upfront to the broker before the trade. Currently, the rule of

bringing in the entire upfront margins is only applicable to traders in derivatives.

Total COVID-19 confirmed cases worldwide stood at 1,55,12,282 far with 6,33,425 deaths.

India reported 4,40,135 active cases of COVID-19 infection and 30,601 deaths, according to

the data from the Ministry of Health and Family Welfare, Government of India. .

On global front, Japan's exports dived 26.2% in June from a year earlier. Imports fell 14.4%,

compared with expectations of a 16.8% decline.

China kept its benchmark lending rate steady for the third straight month on Monday. The

one-year loan prime rate was kept unchanged at 3.85%, while the five-year remained at 4.65%.

In the latest deterioration in Sino-U.S. ties, the United States ordered China to close its

consulate in Houston, saying it was “to protect American intellectual property and Americans'

private information.” China strongly condemned the move, and it was reportedly considering

shutting the U.S. consulate in Wuhan in retaliation.

Beijing vowed to close the US consulate in the southwestern city of Chengdu. The move

comes after the US ordered the closure of a Chinese consulate in Houston, citing fraud and

espionage, highlighting rising tensions between the global superpowers.

Tech

nic

al

Vie

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Sensex Outlook (37607):

Nifty Outlook (11073):

Bank Nifty Outlook (21640):

USDINR Outlook (75.01):

EURINR Outlook (88.75):

Dollar Index Outlook (93.32):

During the last week Sensex has made a high of 38617 and given a correction from this level up to 37431. Its immediate support is likely to been seen around 37300 to 37150 for next week. Its immediate resistance is

likely to be seen around 37950. If it sustain and closes above this level next resistance is likely to be seen around 38250 for next week.

Markets traded with a negative bias for a major part of the day as profit booking weighed in. During the last week Nifty has made a high of 11341 and given a correction from this level up to 11027. Its immediate support

is likely to been seen around 11030. If trades or closes below 11120 next support is likely to be seen around 10930. Its immediate resistance is likely to be seen around 11150. If it sustain and closes above this level next resistance is likely to be

seen around 11230 to 11270 for next week.

During the last week Bank Nifty has made a lower top formation and closed below 20 DEMA of 22010. Its immediate support is likely to been seen around 21350 to 21050 for next week. Its resistance is likely to be

seen around 22050 to 22390 for next week.

During the last week USDINR has made a higher bottom formation and closed above 100 DEMA of 74.90. Its immediate support is likely to be seen around 74.90. If trades or closes below this level support is likely to be

seen around 74.30 to 74.10 for next week. Its resistance is likely o be seen around 75.30 and 75.70 for next week.

During the last week EURINR has made a higher bottom formation and closed above 20 DEMA of 86.60. Its immediate support is likely to be seen around 87.50 to 86.70 for next week. Its resistance is likely o be seen

around 89.70 and 90.50 for next week.

During the last week DX has made a lower top formation and closed below 20 DEMA of 95. Its immediate support is likely to be seen around 93.10 to 92.50 for next week. Its resistance is likely to be seen around

93.90 and 94.70 for next week.

Equities Commodities Demat IPOs ResearchMutualCurrencies Training AlgorithmicMobile Wealth

South Korea's central bank released advanced estimates of the country's gross domestic

product for the three months that ended in June. Growth declined 3.3% for the quarter

compared with the prior three months that ended in March and was down 2.9% from last year,

Bank of Korea said. While private consumption rose 1.4% as people spent more on durable

goods, exports dropped 16.6% due to declines in motor vehicles as well as coal and petroleum

products.

Pfizer and BioNTech reported early positive data on a joint coronavirus vaccine Monday and

another candidate from Oxford University and AstraZeneca also showed a positive immune

response in an early trial.

In US, the Labor Department data showed 1.416 million Americans filed for first-time benefits

for the week ending 18 July 2020, a rise of 109,000. It was the 18th straight week in which

initial claims totaled more than 1 million, and it snapped a 15-week streak of declining initial

claims.

In Europe, European Union (EU) leaders reached a deal on a 750 billion euro ($857 billion)

recovery fund to help the region recover from the coronavirus crisis. EU heads of state had

been locked in talks since Friday morning. Early Tuesday morning, however, the leaders

reached a breakthrough agreement. Investor sentiment was also supported by a slew of

positive news on the coronavirus vaccine front

Trading could be volatile in the forthcoming week as traders roll over positions in the F&O

segment from the near month July series to August series. The July 2020 F&O contracts expire

on Thursday, 30 July 2020.

April-June 2020 quarterly earnings, cues from global markets, macroeconomic data, progress

of monsoon, movement of rupee against the dollar, Brent crude oil price movement and

investments by foreign portfolio investors (FPI) and domestic institutional investors (DII) will

be watched.

Among key results, ICICI Bank will declare its April-June quarterly result on 25 July 2020.

Bharti Infratel, Kotak Mahindra Bank and Tech Mahindra will announce its April-June their

quarterly results on 27 July 2020.

UltraTech Cement will declare its April-June quarterly result on 28 July 2020.

Bharti Airtel, Dr Reddy's Laboratories, Glaxosmithkline Pharmaceuticals and Maruti Suzuki

India will unveil their April-June quarterly results on 29 July 2020.

HDFC and Reliance Industries will announce their April-June quarterly results on 30 July 2020.

Indian Oil Corporation and State Bank of India will declare their April-June quarterly results on

31 July 2020.

On macroeconomic front, India's infrastructure output data for June will be unveiled on 31

July 2020.

The spread of coronavirus and its impact on the local and global economy will be closely

watched. Total COVID-19 confirmed cases worldwide stood at 1,55,12,282 far with 6,33,425

deaths. India reported 4,40,135 active cases of COVID-19 infection and 30,601 deaths,

according to the data from the Ministry of Health and Family Welfare, Government of India.

Overseas, China will announce NBS Manufacturing PMI for July on 31 July 2020.

Japan will announce preliminary industrial production data for June on 31 July 2020.

The US Federal Reserve will announce its interest rate on 29 July 2020.

In Europe, the Euro Area inflation rate for July will be announced on 31 July 2020.

Week Ahead

Market Outlook

Cash Market Data

Market Indicator

Primary Mkt. Updates

Pivot Levels

Next Week Events

Technical Recommendations

Index

Particulars Nifty Sensex

52 Wk High

52 Wk Low

12430.50

7511.10

10073.45

42273.87

25638.90

37606.89Close

USDINR 75.01 0.21%

EURINR 88.75 2.37%

Currency Update

CMP Net ChangeCurrency

Week -1311.32 2445.41

Month (July) 2490.18 -10007.48

Institutional Activity (Cr.)

FII DII

Year (2020) -71304.01 77524.05

- - -

- - -

Date Price Band

Primary Market Update

Company

10,950

11,000

11,050

11,100

11,150

11,200

11,250

11,300

11,350

CLOSE

22.50

23.00

23.50

24.00

24.50

25.00

25.50

CLOSE

Nifty

VIX

FII/DII (Cr)

-1200

-1000

-800

-600

-400

-200

0

200

400

600 FII

CLOSE37000

37200

37400

37600

37800

38000

38200

38400

38600

CLOSE

CASH MARKET DATA

Sensex

Turnover (Rs. Cr.)

Advance/Decline

FII DII

0

200

400

600

800

1000

1200

1400

52,000.00

54,000.00

56,000.00

58,000.00

60,000.00

62,000.00

64,000.00

66,000.00

NSE

CLOSE

Sensex

Turnover (Rs. Cr.)

Advance/Decline-

ADVANCE DECLINE

NSE

3

3.1

3.2

3.3

3.4

3.5

3.6

3.7

3.8

3.9

4

20

22

24

26

28

30

32

2

2.2

2.4

2.6

2.8

3

3.2

3.4

3.6

3.8

10

20

30

40

50

60

70

80

25

27

29

31

33

35

37

2.4

2.6

2.8

3

3.2

3.4

3.6

3.8

4

Nifty P/E Ratio Nifty P/BV Ratio

Bank Nifty P/E Ratio Bank Nifty P/BV Ratio

Nifty 500 P/E Ratio Nifty 500 P/BV Ratio

MARKET MOVEMENT

Index* Close Pre. Day Return

% Week Ago

Return

% Month Ago

Return

% Year Ago

Return

%

Jul 31, 2020 Jul 30, 2020 Jul 24, 2020 Jul 02, 2020 Jul 25, 2019

Broad Market Indices :

NIFTY 50 11073.45 11102.15 -0.26% 11194.15 -1.08% 10551.70 4.94% 11252.15 -1.59%

NIFTY NEXT 50 26861.35 26565.40 1.11% 26340.55 1.98% 25947.50 3.52% 26302.15 2.13%

NIFTY 100 11222.95 11231.30 -0.07% 11297.75 -0.66% 10716.10 4.73% 11352.35 -1.14%

NIFTY 200 5715.65 5716.85 -0.02% 5751.95 -0.63% 5464.20 4.60% 5797.35 -1.41%

NIFTY 500 9035.75 9031.70 0.04% 9085.95 -0.55% 8647.85 4.49% 9159.15 -1.35%

NIFTY MIDCAP 50 4249.05 4256.95 -0.19% 4286.20 -0.87% 4170.85 1.87% 4385.40 -3.11%

NIFTY MIDCAP 50 24.19 24.73 -2.16% 24.54 -1.40% 26.51 -8.73% 12.64 91.47%

Sectoral Indices :

NIFTY BANK 21640.05 21646.85 -0.03% 22662.05 -4.51% 21953.20 -1.43% 29043.05 -25.49%

NIFTY AUTO 7279.75 7287.85 -0.11% 7218.65 0.85% 6907.10 5.40% 7010.55 3.84%

NIFTY FIN SERVICE 10728.85 10795.10 -0.61% 11184.90 -4.08% 10906.75 -1.63% 12805.20 -16.21%

NIFTY FMCG 30872.45 30696.40 0.57% 31018.85 -0.47% 30316.20 1.83% 28983.55 6.52%

NIFTY IT 18071.85 18003.55 0.38% 17286.00 4.55% 15122.55 19.50% 15474.65 16.78%

NIFTY MEDIA 1285.10 1296.35 -0.87% 1348.90 -4.73% 1373.15 -6.41% 2119.90 -39.38%

NIFTY METAL 2147.30 2135.15 0.57% 2087.50 2.86% 2017.00 6.46% 2686.40 -20.07%

NIFTY PHARMA 11148.90 10766.05 3.56% 10237.95 8.90% 9943.65 12.12% 8094.35 37.74%

NIFTY PSU BANK 1411.60 1391.85 1.42% 1438.45 -1.87% 1478.40 -4.52% 2831.15 -50.14%

NIFTY PVT BANK 11874.75 11906.95 -0.27% 12457.80 -4.68% 12043.50 -1.40% 15963.10 -25.61%

NIFTY REALTY 201.00 198.15 1.44% 198.40 1.31% 201.05 -0.02% 273.80 -26.59%

Strategy Indices :

NIFTY DIV OPPS 50 2398.40 2397.85 0.02% 2403.25 -0.20% 2293.70 4.56% 2539.00 -5.54%

NIFTY GROWSECT 15 5307.80 5320.85 -0.25% 5459.75 -2.78% 5356.95 -0.92% 5601.90 -5.25%

NIFTY50 VALUE 20 5505.85 5487.95 0.33% 5438.90 1.23% 5097.90 8.00% 5238.60 5.10%

NIFTY50 TR 2X LEV 5140.20 5167.40 -0.53% 5255.30 -2.19% 4674.20 9.97% 6015.30 -14.55%

NIFTY50 PR 2X LEV 3899.95 3920.55 -0.53% 3989.55 -2.25% 3556.85 9.65% 4665.65 -16.41%

NIFTY50 TR 1X INV 345.00 344.05 0.28% 341.30 1.08% 362.35 -4.79% 361.75 -4.63%

NIFTY50 PR 1X INV 395.80 394.75 0.27% 391.45 1.11% 415.10 -4.65% 410.70 -3.63%

NIFTY50 DIV POINT 35.72 35.72 0.00% 32.57 9.67% 19.53 - 71.49 -50.03%

Thematic Indices :

NIFTY COMMODITIES 3020.05 3014.65 0.18% 2993.45 0.89% 2891.00 4.46% 3382.30 -10.71%

NIFTY CONSUMPTION 4945.55 4935.85 0.20% 4943.40 0.04% 4847.95 2.01% 4525.65 9.28%

NIFTY CPSE 1415.25 1411.95 0.23% 1453.50 -2.63% 1439.80 -1.71% 2074.40 -31.78%

NIFTY ENERGY 15309.15 15439.00 -0.84% 15895.85 -3.69% 14625.20 4.68% 15061.45 1.64%

NIFTY INFRA 3153.40 3162.20 -0.28% 3175.90 -0.71% 3059.50 3.07% 3128.40 0.80%

NIFTY100 LIQ 15 2725.70 2698.70 1.00% 2696.70 1.08% 2627.10 3.75% 3676.05 -25.85%

NIFTY MID LIQ 15 3612.15 3634.70 -0.62% 3649.90 -1.03% 3442.55 4.93% 3784.05 -4.54%

NIFTY MNC 13559.85 13510.50 0.37% 13576.10 -0.12% 13198.40 2.74% 12390.60 9.44%

NIFTY PSE 2485.40 2491.90 -0.26% 2575.90 -3.51% 2509.10 -0.94% 3296.25 -24.60%

NIFTY SERV SECTOR 14499.55 14531.05 -0.22% 14709.75 -1.43% 14051.00 3.19% 16127.45 -10.09%

WEEKLY CHANGE IN WORLD INDICES

Indices 31.07.2020 24.07.2020 Chg (Pts) % Chg

DOW JONES 26428.32 26469.89 -41.57 -0.16%

NASDAQ COMPOSITE 10745.28 10363.18 382.10 3.69%

FTSE 5897.76 6123.82 -226.06 -3.69%

NIKKEI 21710.00 22751.61 -1041.61 -4.58%

BOVESPA 102912.24 102381.58 530.66 0.52%

HANG SENG 24595.35 24705.33 -109.98 -0.45%

52 WEEKS HIGH/LOW ALL TIME HIGH/LOW

Scrip Rate H/L Prev H/L on Scrip Rate H/L Prev H/L on

UFLEX 270.6 H 23.07.2020 AUROPHARMA 881 H 06.10.2016

INGERRAND 597.65 L 05.08.2019 HDFCLIFE 637.9 H 28.07.2020

M&M 610.85 H 28.07.2020 BRITANNIA 3860 H 21.07.2020

CAPLIPOINT 441.9 H 14.08.2019 CIPLA 724 H 10.03.2015

MPHASIS 1177.8 H 27.07.2020 DABUR 515 H 05.03.2020

LUPIN 931 H 15.06.2020 DRREDDY 4550.85 H 30.07.2020

HEXAWARE 385 H 09.08.2019 ESCORTS 1161.75 H 22.07.2020

NIITTECH 1969 H 23.01.2020 GARFIBRES 1717.85 H 29.07.2020

LALPATHLAB 1962 H 21.07.2020 JBCHEPHARM 745 H 24.07.2020

SHRIRAMCIT 655 L 27.05.2020 RELIANCE 2129 H 27.07.2020

JKCEMENT 1510.55 H 24.07.2020 TATACONSUM 434 H 10.07.2020

NAUKRI 3269.95 H 20.07.2020 TATACOMM 759.75 H 17.03.2017

MINDTREE 1105 H 30.07.2020 TCS 2334.8 H 30.07.2020

HIGHEST IN OPEN INTEREST

Symbol Expiry Date Last Price Chg (Rs) Chg (%) Open Interest Change in OI Change in OI (%)

IDEA 27-Aug-20 8.45 0.35 4.32% 208600000 85120000 68.93%

ICICIBANK 27-Aug-20 349.1 3 0.87% 134520375 3232625 2.46%

IDFCFIRSTB 27-Aug-20 26.6 -0.15 -0.56% 129124000 6764000 5.53%

SBIN 27-Aug-20 192 5.1 2.73% 110367000 9003000 8.88%

VEDL 27-Aug-20 114 2.15 1.92% 107594800 -1512800 -1.39%

LOWEST IN OPEN INTEREST

Symbol Expiry Date Last Price Chg (Rs) Chg (%) Open Interest Change in OI Change in OI (%)

MRF 27-Aug-20 61316.55 -9.4 -0.02% 21420 1870 9.57%

PAGEIND 27-Aug-20 19850 244.45 1.25% 94830 2610 2.83%

BOSCHLTD 27-Aug-20 13079.45 158.85 1.23% 99150 -50 -0.05%

SHREECEM 27-Aug-20 21810 332.1 1.55% 156600 1000 0.64%

EICHERMOT 27-Aug-20 20728.65 -378.55 -1.79% 254835 -12775 -4.77%

INCREASE IN OI IN CALLS

Symbol Expiry Date Option Type Strike

Price

Last

Price Turnover Premium (Lacs

Open

Interest Value of Underlying

RELIANCE 27-Aug-20 CE 2200 52.55 5178.4 27,13,870 2070

SBIN 27-Aug-20 CE 200 7.55 6153.81 1,62,45,000 191.05

SUNPHARMA 27-Aug-20 CE 520 33 3124.19 7,53,200 537.8

INCREASE IN OI IN PUTS

Symbol Expiry Date Option Type Strike

Price

Last

Price Turnover Premium (Lacs

Open

Interest Value of Underlying

RELIANCE 27-Aug-20 PE 2000 58.15 3995.12 15,71,055 2070

SBIN 27-Aug-20 PE 180 5.2 1395.58 54,03,000 191.05

SUNPHARMA 27-Aug-20 PE 500 11.2 1012.74 10,75,200 537.8

LEVELS FOR NIFTY STOCKS

Security Name HBP 2R 1R CLOSE ATP 1S 2S LBP Up/Down

ADANI PORTS 322.38 318.17 313.78 309.40 309.57 305.18 300.97 296.58 DOWN

ASIAN PAINTS 1777.03 1752.02 1732.03 1712.05 1707.02 1687.03 1662.02 1642.03 UP

AXIS BANK 469.33 462.97 454.28 445.60 447.92 439.23 432.87 424.18 DOWN

BAJAJ AUTO 3069.67 3049.83 3017.67 2985.50 2997.83 2965.67 2945.83 2913.67 DOWN

BAJAJ FINANCE 3357.90 3323.95 3287.90 3251.85 3253.95 3217.90 3183.95 3147.90 DOWN

BAJAJ FINSERV 6471.87 6413.43 6341.87 6270.30 6283.43 6211.87 6153.43 6081.87 DOWN

BHARAT PETROLEUM

477.70 470.60 459.50 448.40 452.40 441.30 434.20 423.10 DOWN

BHARTI AIRTEL 578.10 572.75 566.10 559.45 560.75 554.10 548.75 542.10 DOWN

BHARTI INFRATEL 207.40 203.70 199.70 195.70 196.00 192.00 188.30 184.30 DOWN

CIPLA LTD 701.43 691.22 678.63 666.05 668.42 655.83 645.62 633.03 DOWN

COAL INDIA 135.90 134.40 133.00 131.60 131.50 130.10 128.60 127.20 UP

DR REDDY`S LABOR 4274.93 4227.42 4146.68 4065.95 4099.17 4018.43 3970.92 3890.18 DOWN

EICHER MOTORS 21718.57 21294.78 21047.57 20800.35 20623.78 20376.57 19952.78 19705.57 UP

GAIL INDIA 105.47 103.98 101.77 99.55 100.28 98.07 96.58 94.37 DOWN

GRASIM INDUSTRIE 607.67 602.23 592.47 582.70 587.03 577.27 571.83 562.07 DOWN

HCL TECHNOLOGIES 740.10 712.45 696.20 679.95 668.55 652.30 624.65 608.40 UP

HDFC BANK 1149.23 1136.07 1127.58 1119.10 1114.42 1105.93 1092.77 1084.28 UP

HDFC LTD 1901.20 1879.50 1860.40 1841.30 1838.70 1819.60 1797.90 1778.80 UP

HERO MOTOCORP 2848.00 2821.50 2781.10 2740.70 2754.60 2714.20 2687.70 2647.30 DOWN

HINDALCO INDUSTR 166.65 163.80 160.00 156.20 157.15 153.35 150.50 146.70 DOWN

HINDUSTAN UNILEV 2282.13 2251.07 2230.18 2209.30 2199.12 2178.23 2147.17 2126.28 UP

ICICI BANK 406.17 397.43 389.62 381.80 380.88 373.07 364.33 356.52 UP

INDUSIND BANK 576.00 556.35 539.30 522.25 519.65 502.60 482.95 465.90 UP

INFOSYS LTD 953.82 939.78 931.32 922.85 917.28 908.82 894.78 886.32 UP

IOC LTD 97.13 95.87 94.33 92.80 93.07 91.53 90.27 88.73 DOWN

ITC LTD 206.17 203.93 201.77 199.60 199.53 197.37 195.13 192.97 UP

JSW STEEL 218.33 214.97 209.98 205.00 206.62 201.63 198.27 193.28 DOWN

KOTAK MAHINDRA B 1386.20 1375.60 1362.80 1350.00 1352.20 1339.40 1328.80 1316.00 DOWN

LARSEN & TOUBRO 929.70 922.10 913.25 904.40 905.65 896.80 889.20 880.35 DOWN

MAHINDRA & MAHIN 613.92 607.43 603.07 598.70 596.58 592.22 585.73 581.37 UP

MARUTI SUZUKI 6169.92 6108.63 6054.67 6000.70 5993.38 5939.42 5878.13 5824.17 UP

NTPC LTD 92.37 91.43 90.42 89.40 89.48 88.47 87.53 86.52 DOWN

ONGC LTD 84.33 83.37 82.18 81.00 81.22 80.03 79.07 77.88 DOWN

POWER GRID CORPO 188.55 185.90 183.95 182.00 181.30 179.35 176.70 174.75 UP

RELIANCE INDUSTR 2292.03 2227.52 2186.83 2146.15 2122.32 2081.63 2017.12 1976.43 UP

STATE BANK OF IN 200.93 198.62 195.28 191.95 192.97 189.63 187.32 183.98 DOWN

SUN PHARMACEUTIC 511.73 504.77 495.18 485.60 488.22 478.63 471.67 462.08 DOWN

TATA MOTORS 108.07 106.78 105.27 103.75 103.98 102.47 101.18 99.67 DOWN

TATA STEEL 357.00 353.40 349.75 346.10 346.15 342.50 338.90 335.25 DOWN

TCS LTD 2209.80 2186.40 2171.90 2157.40 2148.50 2134.00 2110.60 2096.10 UP

TECH MAHINDRA 693.73 674.57 663.58 652.60 644.42 633.43 614.27 603.28 UP

TITAN COMPANY 1104.80 1085.40 1071.50 1057.60 1052.10 1038.20 1018.80 1004.90 UP

ULTRATECH CEMENT 3939.62 3889.33 3835.92 3782.50 3785.63 3732.22 3681.93 3628.52 DOWN

UPL LTD 478.97 469.98 462.07 454.15 453.08 445.17 436.18 428.27 UP

VEDANTA LTD 118.03 115.92 113.98 112.05 111.87 109.93 107.82 105.88 UP

WIPRO LTD 279.30 275.55 273.05 270.55 269.30 266.80 263.05 260.55 UP

ZEE ENTERTAINMEN 165.38 162.17 156.93 151.70 153.72 148.48 145.27 140.03 DOWN

NEXT WEEK MAJOR ECONOMIC EVENTS

Time Cur. Imp. Event Forecast Previous

Monday, August 3, 2020

All Day Holiday Canada - Civic Holiday

5:20:00 AM JPY GDP (QoQ) -0.60%

7:15:00 AM CNY Caixin Manufacturing PMI (Jul) 51.30 51.20

10:30:00 AM INR Nikkei Markit Manufacturing PMI (Jul) 47.80 47.20

1:25:00 PM EUR German Manufacturing PMI (Jul) 50.00 4520.00%

2:00:00 PM GBP Manufacturing PMI (Jul) 53.60 50.10

7:30:00 PM USD ISM Manufacturing PMI (Jul) 53.60 5260.00%

Tuesday, August 4, 2020

7:00:00 AM AUD Retail Sales (MoM) (Jun) 16.30% 16.90%

10:00:00 AM AUD RBA Interest Rate Decision (Aug) 0.25%

10:00:00 AM AUD RBA Rate Statement

Wednesday, August 5,

2020

4:15:00 AM NZD Employment Change (QoQ) (Q2) -1.90% 0.70%

10:30:00 AM INR Nikkei Services PMI (Jul) 38.80 3370.00%

2:00:00 PM GBP Composite PMI (Jul) 57.10 47.70

2:00:00 PM GBP Services PMI (Jul) 56.60 4710.00%

5:45:00 PM USD ADP Nonfarm Employment Change (Jul) 1,500K 2,369K

7:30:00 PM USD ISM Non-Manufacturing PMI (Jul) 55.00 57.10

8:00:00 PM USD Crude Oil Inventories 0.357M -10.612M

Thursday, August 6, 2020

11:30:00 AM GBP BoE Inflation Report

11:30:00 AM GBP BoE Interest Rate Decision (Jul) 0.10% 0.10%

11:30:00 AM GBP BoE MPC Meeting Minutes

11:45:00 AM INR Interest Rate Decision 3.75% 4.00%

11:45:00 AM INR Cash Reserve Ratio 3.00% 3.00%

11:45:00 AM INR Interest Rate Decision 3.75% 4.00%

11:45:00 AM INR Reverse REPO Rate 3.10% 3.35%

2:00:00 PM GBP Construction PMI (Jul) 57.00 55.30

6:00:00 PM USD Initial Jobless Claims 1,434K

Friday, August 7, 2020

6:00:00 PM USD Nonfarm Payrolls (Jul) 1,650K 4,800K

6:00:00 PM USD Unemployment Rate (Jul) 10.50% 11.10%

6:00:00 PM CAD Employment Change (Jul) 415.0K 952.9K

7:30:00 PM CAD Ivey PMI (Jul) 5820.00%

RESULT CALENDAR

Symbol Result Date Symbol Result Date Symbol Result Date Symbol Result Date

CREDITACC 01-Aug-20 DLF 05-Aug-20 BLUESTARCO 06-Aug-20 SIEMENS 07-Aug-20

RELAXO 01-Aug-20 GODREJPROP 05-Aug-20 CANFINHOME 06-Aug-20 ABBOTINDIA 07-Aug-20

VINATIORGA 01-Aug-20 ADANIGAS 05-Aug-20 DALBHARAT* 06-Aug-20 ABCAPITAL 07-Aug-20

EXIDEIND 03-Aug-20 ASAHIINDIA 05-Aug-20 GPPL 06-Aug-20 ADANITRANS 07-Aug-20

KANSAINER 03-Aug-20 BSOFT 05-Aug-20 GSPL 06-Aug-20 ALKEM 07-Aug-20

KPITTECH 03-Aug-20 CERA 05-Aug-20 HONAUT 06-Aug-20 AMBER 07-Aug-20

NBVENTURES 03-Aug-20 EIDPARRY 05-Aug-20 IFBIND 06-Aug-20 BALRAMCHIN 07-Aug-20

VSTIND 03-Aug-20 INOXLEISUR 05-Aug-20 INDHOTEL 06-Aug-20 BEML 07-Aug-20

GODREJCP 04-Aug-20 INTELLECT 05-Aug-20 JAMNAAUTO 06-Aug-20 BIRLACORPN 07-Aug-20

TATACONSUM 04-Aug-20 JKLAKSHMI 05-Aug-20 JKTYRE 06-Aug-20 EMAMILTD 07-Aug-20

ASTRAL 04-Aug-20 JYOTHYLAB 05-Aug-20 KEI 06-Aug-20 FDC 07-Aug-20

DIXON 04-Aug-20 STAR 05-Aug-20 LEMONTREE 06-Aug-20 JCHAC 07-Aug-20

ERIS 04-Aug-20 TRITURBINE 05-Aug-20 WHIRLPOOL 06-Aug-20 KAJARIACER 07-Aug-20

GRINDWELL 04-Aug-20 VIPIND 05-Aug-20 HIL 06-Aug-20 SOBHA 07-Aug-20

JINDALSAW 04-Aug-20 CADILAHC 05-Aug-20 BASF 06-Aug-20 SUDARSCHEM 07-Aug-20

MRPL 04-Aug-20 CANBK 05-Aug-20 BAYERCROP 06-Aug-20 TVTODAY 07-Aug-20

NH 04-Aug-20 RBL 05-Aug-20 AMARAJABAT 07-Aug-20 EXCEL 07-Aug-20

PIIND 04-Aug-20 ADANIENT 06-Aug-20 BATAINDIA 07-Aug-20 NUCLEUS 07-Aug-20

SPARC 04-Aug-20 HINDPETRO 06-Aug-20 CIPLA 07-Aug-20 DIVISLAB 08-Aug-20

VBL 04-Aug-20 LUPIN 06-Aug-20 CONCOR 07-Aug-20 AFFLE 08-Aug-20

THOMASCOOK 04-Aug-20 PIDILITIND 06-Aug-20 MGL 07-Aug-20 DCBBANK 08-Aug-20

APOLLOTYRE 05-Aug-20 TORNTPOWER 06-Aug-20 RECLTD 07-Aug-20 MAGMA 08-Aug-20

COPRPORATE ACTION

Symbol Series Face

Value(Rs.) Purpose Ex-Date

Record

Date

BC Start

Date

BC End

Date

BAYERCROP EQ 10 Annual General Meeting/Dividend - Rs 25 Per Share 27-Jul-20 - 29-Jul-20 7-Aug-20

VIPIND EQ 2 Annual General Meeting 27-Jul-20 - 29-Jul-20 5-Aug-20

UNIONBANK EQ 10 Annual General Meeting 27-Jul-20 - 29-Jul-20 4-Aug-20

PNB EQ 2 Annual General Meeting 27-Jul-20 - 29-Jul-20 4-Aug-20

NIBL EQ 2 Annual General Meeting 27-Jul-20 - 29-Jul-20 4-Aug-20

EIDPARRY EQ 1 Annual General Meeting 27-Jul-20 - 29-Jul-20 5-Aug-20

ZENSARTECH EQ 2 Annual General Meeting 27-Jul-20 - 29-Jul-20 5-Aug-20

PNBHOUSING EQ 10 Annual General Meeting 28-Jul-20 - 30-Jul-20 5-Aug-20

SPENCERS EQ 5 Rights 2:15 @ Premium Rs 70/- 28-Jul-20 29-Jul-20 - -

ADFFOODS EQ 10 Annual General Meeting 28-Jul-20 - 30-Jul-20 5-Aug-20

GRANULES EQ 1 Interim Dividend - Rs 0.25 Per Share 28-Jul-20 29-Jul-20 - -

SATIN EQ 10 Annual General Meeting 28-Jul-20 - 30-Jul-20 5-Aug-20

RBL EQ 10 Annual General Meeting/Dividend - Rs 11 Per Share 28-Jul-20 29-Jul-20 - -

SOLARA EQ 10 Annual General Meeting/Dividend - Rs 2 Per Share 28-Jul-20 - 30-Jul-20 4-Aug-20

MAHEPC EQ 10 Annual General Meeting/Dividend - Rs 1.20 Per Share 28-Jul-20 - 30-Jul-20 3-Aug-20

SESHAPAPER EQ

2 Annual General Meeting/Dividend - Rs 3.50 Per Share Special

Dividend - Rs 0.50 Per Share 28-Jul-20 - 30-Jul-20 8-Aug-20

CIGNITITEC EQ 10 Annual General Meeting 28-Jul-20 - 30-Jul-20 3-Aug-20

HATSUN EQ

1 Interim Dividend - Rs 4 Per Share Special Dividend Rs 4 Per

Share 28-Jul-20 29-Jul-20 - -

ALEMBICLTD EQ 2 Annual General Meeting/Dividend - Rs 0.60 Per Share 29-Jul-20 - 31-Jul-20 7-Aug-20

JYOTHYLAB EQ 1 Annual General Meeting 29-Jul-20 - 31-Jul-20 7-Aug-20

GMBREW EQ 10 Annual General Meeting/Dividend - Rs 3 Per Share 29-Jul-20 - 31-Jul-20 6-Aug-20

GPPL EQ 10 Dividend - Rs 3.50 Per Sh 29-Jul-20 - 31-Jul-20 6-Aug-20

DEEPAKNTR EQ 2 Annual General Meeting 29-Jul-20 - 31-Jul-20 7-Aug-20

BATAINDIA EQ 5 Annual General Meeting/Dividend - Rs 4 Per Share 29-Jul-20 - 31-Jul-20 6-Aug-20

ULTRACEMCO EQ 10 Annual General Meeting/Dividend - Rs 13 Per Share 29-Jul-20 - 31-Jul-20 12-Aug-20

DIGJAMLTD EQ 10 Annual General Meeting 29-Jul-20 - 31-Jul-20 7-Aug-20

RANEENGINE EQ 10 Annual General Meeting 29-Jul-20 30-Jul-20 - -

BALAMINES EQ 2 Annual General Meeting/Dividend - Rs 0.60 Per Share 30-Jul-20 - 1-Aug-20 8-Aug-20

ESSELPACK EQ 2 Dividend - Rs 2.05 Per Share 30-Jul-20 31-Jul-20 - -

COSMOFILMS EQ 10 Annual General Meeting 30-Jul-20 - 1-Aug-20 7-Aug-20

CENTENKA EQ 10 Dividend - Rs 8 Per Share 30-Jul-20 - 3-Aug-20 5-Aug-20

GABRIEL EQ 1 Annual General Meeting/Dividend - Rs 0.85 Per Share 30-Jul-20 - 1-Aug-20 7-Aug-20

HEROMOTOCO EQ 2 Annual General Meeting/Dividend - Rs 25 Per Share 30-Jul-20 - 3-Aug-20 12-Aug-20

HINDUNILVR EQ 1 Special Dividend - Rs 9.50 Per Share 30-Jul-20 31-Jul-20 - -

KUANTUM EQ 1 Annual General Meeting/Dividend - Rs 2.50 Per Share 30-Jul-20 - 1-Aug-20 7-Aug-20

MATRIMONY EQ

5 Dividend - Rs 1.50 Per Share And Special Dividend - Rs 2. Per

Share 30-Jul-20 31-Jul-20 - -

KIRLFER EQ 5 Annual General Meeting 30-Jul-20 - 3-Aug-20 11-Aug-20

MMP EQ 10 Annual General Meeting 30-Jul-20 - 1-Aug-20 12-Aug-20

RML EQ 10 Annual General Meeting 30-Jul-20 31-Jul-20 - -

SAKSOFT EQ 10 Annual General Meeting 30-Jul-20 - 1-Aug-20 10-Aug-20

ORIENTELEC EQ 1 Annual General Meeting/Dividend - Rs 0.50 Per Share 30-Jul-20 - 1-Aug-20 7-Aug-20

RAYMOND EQ 10 Annual General Meeting 30-Jul-20 - 1-Aug-20 12-Aug-20

UCOBANK EQ 10 Annual General Meeting 30-Jul-20 - 1-Aug-20 7-Aug-20

UNITEDTEA EQ 10 Annual General Meeting/Dividend - Rs 1.70 Per Share 30-Jul-20 - 1-Aug-20 7-Aug-20

TIRUMALCHM EQ 1 Annual General Meeting 30-Jul-20 - 1-Aug-20 7-Aug-20

CAMLINFINE EQ 1 Annual General Meeting 31-Jul-20 - 4-Aug-20 10-Aug-20

CANBK EQ 10 Annual General Meeting 31-Jul-20 - 4-Aug-20 10-Aug-20

CAPTRUST EQ 10 Annual General Meeting 31-Jul-20 - 4-Aug-20 10-Aug-20

EIMCOELECO EQ 10 Annual General Meeting/Dividend - Rs 5 Per Share 31-Jul-20 - 4-Aug-20 10-Aug-20

SUNDRMBRAK EQ 10 Annual General Meeting 31-Jul-20 - 4-Aug-20 10-Aug-20

EQUITAS EQ 10 Annual General Meeting 31-Jul-20 - 4-Aug-20 10-Aug-20

INDIANB EQ 10 Annual General Meeting 31-Jul-20 - 4-Aug-20 7-Aug-20

KOTHARIPET EQ 10 Annual General Meeting 31-Jul-20 - 4-Aug-20 10-Aug-20

MAWANASUG EQ 10 Annual General Meeting 31-Jul-20 - 4-Aug-20 10-Aug-20

CENTRALBK EQ 10 Annual General Meeting 31-Jul-20 - 4-Aug-20 7-Aug-20

MCX OPTION STRATEGY

CRUDE OIL : Sell Aug Call option strike of 3300 at CMP 41 and in range of 3070 to 3150.

Maximum Profit : Call Premium

Maximum loss : Unlimited

Stop Loss : Exit in Call option if Crude oil Price goes above 3190.

TECHNICAL PICKS – COMMODITY MCX COPPER AUG (SELL):

Copper has made a lower top formation and broken

trend line support of 503. Traders can sell on rise with

near SL of 507. It can also bounce near support levels.

CMP : 501

TARGET : 495/487

STOP LOSS : 507

TECHNICAL PICK OF THE MONTH – EQUITIES

PFIZER LTD (BUY):

Stock has taken trend line support of 4170 and given a

consolidation above 200 DEMA of 4030. It is likely to

go up to 4570/4730.

CMP : 4270

TARGET : 4570/4730

STOP LOSS : 4090

PERFORMANCE SHEET OF OUR TECHNICAL RECOMMENDATION LAST WEEK

Date Scrip BUY/ SELL Entry Target 1 Target-2 SL Exit Remark

27-Jul-20 IOC BUY 93.50 97.00 99.00 92.00 95.60 HIGH 95.60

27-Jul-20 TCS BUY 2,207.00 2,230.00 2,250.00 2,175.00 2,215.00 HIGH 2215

28-Jul-20 TCS BUY 2,253.00 2,290.00 2,310.00 2,230.00 2,310.00 TARGET DONE

28-Jul-20 SONATA SOFT BUY 246.00 251.00 255.00 242.00 248.50 TARGET ALMOST

DONE

28-Jul-20 HEIDELBERG BUY 179.00 185.00 187.00 175.00 177.00

28-Jul-20 HDFCLTD BUY 1,873.00 1,910.00

1,857.00 1,907.00 TARGET ALMOST

DONE

28-Jul-20 TATACOFFEE BUY 84.00 88.00 90.00 92.00 83.30

29-Jul-20 SRTRANSFIN BUY 702.00 715.00 720.00 695.00 720.00 TARGET DONE

29-Jul-20 ITC BUY 197.00 203.00 205.00 194.00 196.70

29-Jul-20 HEIDELBERG BUY 180.50 185.00 189.00 177.00 185.00 TARGET DONE

29-Jul-20 SUNPHARMA BUY 491.00 501.00 507.00 485.00 493.70

29-Jul-20 SUNPHARMA BUY-BTST 493.70 501.00 507.00 486.00 501.00 TARGET DONE

30-Jul-20 LUPIN BUY 870.00 885.00 890.00 859.00 890.00 TARGET DONE

30-Jul-20 GNFC BUY 168.50 175.00 177.00 165.00 165.00 SL HIT

31-Jul-20 VLOTAS BUY 601.00 609.00 613.00 595.00 595.00 SL HIT

31-Jul-20 POLYCAB BUY 829.00 845.00 850.00 820.00 820.00 SL HIT

31-Jul-20 GNFC BUY 165.50 170.00 172.00 162.00 163.70

Address:

4th

Floor, Baid House, 1, Tara Nagar,

Ajmer Road, Jaipur - 302006,

Tel. Ph. 0141- 4050515

Email- [email protected]

SEBI Reg. No. : INB 231248536/ INB 011248532/INE 261248536 NSE Code No. : 12485, BSE Code No. : 6284, MCXSX Code No.: 47000, FMC Reg. No. : NCDEX/TCM/Corp/0278,

NCDEX TM ID: 00142, FMC Reg. No. : MCX/TCM/Corp/0853, MCX TM ID: 10790

------------------------------------------------------------------------------------------------------------------------------------------------------- Disclaimer:

This Document has been prepared by Tradeswift Broking Pvt. Ltd., for use by the recipient only and not for circulation. The information and opinions contained in the document

have been complied from sources believed to be reliable. Tradeswift Broking Pvt. Ltd., does not warrant its accuracy, completeness and correctness.This report is for your guidance

only. Tradeswift Broking Pvt. Ltd. Or any of its director/employee/signatories or any other person will not be responsible for any trade done based on the report mentioned above.

Tradeswift Broking Pvt. Ltd has no personal trading interest in any of the scrips detailed above. Trading in commodities is facilitated through associate companies : Tradeswift

Commodities Private Limited (NCDEX) and Tradeswift Derivatives Private Limited (MCX)

Commodity MonthLTP as on

31.07.2020Strategy Resistance Support Technical Comments

Chana Sep 4123

Buy around

support levels

and sell near

resistance

levels

4190/4230 4090/4050

It has made a lower top formation and closed below 200 DEMA of

4180. Traders can sell on rise with SL 4190. Above this level it can go

up to around 4230 to 4270. It can also correct from these levels. It

can also bounce from support levels.

Guar Gum Sep 6139

Buy around

support levels

and sell near

resistance

levels

6230/6370 5920/5730

It has made a high of 6475 and given a correction from this level up

to 6091 and closed below 200 DEMA of 6330. Traders can sell on rise

near resistance levels with SL 6370. Closes above this level it can go

up to around 6490 to 6530. It can also correct from these levels.

Traders can buy on declines with SL 5920. If trades or closes below

this level it can correct up to around 5730. It can also bounce from

this level.

Guar Seed Sep 3857

Buy around

support levels

and sell near

resistance

levels

3930/3990 3790/3690

It has made a lower top formation but closed above 200 DEMA of

3790. Traders can buy on correction near support levels with SL

around 3790. Closes below this level it can correct up to around

3690. It can also bounce from this level. Near resistance levels it can

give some correction.

Jeera Sep 14050

Buy around

support levels

and sell near

resistance

levels

14350/14500 13900/13700


to 13965 and closed below 200 DEMA of 14500. Traders can sell on

rise near resistance levels with SL 14350. Closes above this level it

can go up to around 14500. It can also correct from these levels.

Traders can buy on declines with SL 13900.

Agri Commodities

Soyabean Sep 3756

Buy around

support levels

and sell near

resistance

levels

3810/3870 3730/3670

It has made a higher bottom formation and closed at 20 DEMA of

3755. Traders can buy on declines with SL 3720. Closes below this

level it can correct up to around 3590 to 3570. It can also bounce

from this level. It can also correct from resistance levels.

RMSeed Sep 4980Buy on

declines5030/5090 4870/4790

It has made a higher bottom formation and closed above 20 DEMA of

4790. Traders can buy on declines with SL 4870. Below this level it

can correct up to around 4790. It can also bounce from this level. It

can also correct from resistance levels.

Soya Oil Ref. Sep 875Buy on

declines890/910 860/845


845. Traders can buy on declines with SL 860. Below this level it can

correct up to around 845. It can also bounce from this level. It can

also correct from resistance levels.

Cocud(N) Sep 1787

Sell on rise and

buy near

support levels

1890/1990 1750/1720

It has made a lower top formation and closed below 20 DEMA of

1890. Traders can sell on rise with SL 1890. Closes above this level it

can go up to around 1950 to 1990. It can also bounce correct from

these levels. Near support levels it can give some bounce.

Dhania Sep 6428

Buy around

support levels

and sell near

resistance

levels

6550/6790 6320/6230


to 6330 and closed above 200 DEMA of 6390. Traders can buy on

correction with SL 6320. Below this level it can correct up to around

6230. It can also bounce from this level. It can also correct from

resistance levels.

TMC Sep 5825

Buy around

support levels

and sell near

resistance

levels

5950/6250 5750/5670


to 5792 and closed below 200 DEMA of 5850. Traders can sell on rise

with SL 5950. Closes above this level it can go up to around 6250. It

can also correct from this level. It can also bounce from support

levels.

Mentha oil (MCX) Aug 940

Buy around

support levels

and sell near

resistance

levels

960/990 930/920

It has made a lower top formation and closed below 20 DEMA of 960.

Traders can sell on rise with SL 965. Closes above this level it can go

up to around 990. It can also correct from this level. It can also

bounce from support levels.

CPO (MCX) Aug 735

Buy around

support levels

and sell near

resistance

levels

735/745 720/705



correct up to around 705. It can also bounce from these levels. It can

also correct from resistance levels.

Commodity MonthLTP as on

31.07.2020Strategy Resistance Support Technical Comments

Gold Oct 53445 Buy on decline 53750/54300

53100/

52500/

51900

Gold has given a sharp breakout from 51459 to 53700 and closed above

20 DEMA of 5730. Traders can buy on declines with near SL of 53100. If

trades below this level it can correct up to around 52500 to 51900. It can

also bounce from these levels. Near resistance levels it can give some

correction.

Silver Sep 64985 Buy on decline65700/66500/

67500

64300/

63500/

62100

Silver has made a high of 67560 and given a correction from this level up

to 61800 and given a bounce from this level up to 65679. Traders can buy

on correction near support levels and consider near support levels as SL.

Near resistance levels it can give some correction.

Copper Aug 501

Sell on rise and

buy near

support levels

505/510 495/487

Copper has made a lower top formation and broken trend line support of

503. Traders can sell on rise with near SL of 505. It can also bounce near

support levels.

Aluminum Aug 140.9

Buy around

support levels

and sell near

resistance

levels

142/143 139.50/137


139.50. Traders can buy on declines with SL 139.50. Below this level it can

correct up to around 137.50 to 137. It can also bounce from these levels.


Non - Agri Commodities

Lead Aug 149.2

Buy around

support levels

and sell near

resistance

levels

150/151 147/145


147. Traders can buy on declines with SL 147. Closes below this level it

can correct up to around 145. It can also bounce from this level. Near

resistance levels it can give some correction.

Zinc Aug 184

Buy around

support levels

and sell near

resistance

levels

185/187 182/179



correct up to around 180 to 179. It can also bounce from these levels.


Nickel Aug 1042

Buy around

support levels

and sell near

resistance

levels

1050/1070 1030/1020



correct up to around 1020. It can also bounce from this level. Near

resistance levels it can give some correction.

Crude Oil Aug 3024

Buy around

support levels

and sell near

resistance

levels

3070/3150 2950/2910

Crude oil has made a lower top formation and closed below 20 DEMA of

3050. Traders can sell on rise with SL 3070. If it sustain above this level it

can go up to around 3150. It can also correct from this level. It can also

bounce from support levels.

Natural Gas Aug 135

Buy around

support levels

and sell near

resistance

levels

143/147 130/127

It has made a lower top formation and closed below 200 DEMA of 143.

Traders can sell on rise with SL 143. Closes above this level it can go up to

around 147. It can also correct from this level. It can also bounce from

support levels.

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