Key Market Data Points. Sentiment Indicators MARKET BREADTH

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1 Market Recap The melodramatic month of June ended in style for the domestic markets amid the recovery in the world equity markets. The disturbing news of BREXIT and REXIT were gulped by the participants without any hesitation as the June F&O series for NIFTY ended with a gain of more than 2.5%. Specifically, in today s session the index rallied another 83 points to close near the 8300 mark. In short, including yesterday s session the index gained almost 150 points. In both the sessions, the major reason for the rally was short covering. In addition, hopes of a good monsoon and a recovery in earnings have boosted the market, with the broader NSE index surging more than 7% in the April-June quarter, its strongest since April-June On the global front, European indices like FTSE (+0.14%), CAC (+0.49%) and DAX (+0.03%) were trading with minor gains while the time the report was made. The Asian Indices like NIKKIE (+0.06%), HANGSENG (+1.70%) and SHANGHAI (-0.07%) displayed a mixed trend in today s session. On the sectoral front, the rally was so powerful that none of the sectoral indices closed in red. From the list of gainers, NIFTY REALTY (+3.00%) stocks outperformed the most and were followed by NIFTY MEDIA (+2.01%) and NIFTY AUTO (+1.46%) stocks. The broader markets underperformed a bit as the MID100 (+1.30%) and SML100 (+1.62%) indices ended with decent gain. In the currency market, we witnessed strength in the INR against other major currencies. Key Market Data Points Name High Low Range Prev. Sensex Nifty Spot Nifty Future VIX Name Sentiment Indicators Prev. Day Prm/Disc PCR () PCR (Vol) MARKET BREADTH NSE Today % Advance % Declines % A/D Ratio % On the stock front, Minda Industries gained after the company's board of directors considered and approved a 2-for-1 stock-split and acquisition of Panasonic Minda Storage Batteries India. On the other hand, Setco Automotive surged 7.91% after the company said that it has received approval for listing its shares on the National Stock Exchange with effect from Friday, 1 July 2016.

2 OPEN INTEREST (`000) 25,000 Openinterest Nifty 20,000 15,000 10,000 5, Key Takeaways The Nifty Fut. closed at 8288 levels with a premium of 33 points Nifty open interest fallen by 5.27% with a rise in price Bank Nifty closed at with a decline in open interest by 15% with a rise in price. The total turnover in F&O segment is 7,64,092 cr., surged by 59% from previous session.,0 5/31 5/3 6/8 6/13 6/16 6/21 6/24 6/ ,000,000 4,000,000 3,000,000 2,000,000 1,000,000 CE PE - NIFTY OPTION OPEN INTEREST For the next series, the Call PUT concentration is at 8500 strike Call with an open interest of lakh shares. On the other hand, highest PUT base remains at 8000 strike with Lakh shares in open interest. In next series, addition was seen in call options to the tune of lakh shares in open interest with a rise in price; on the other PE added shares in open interest with a rise in price. The highest open interest activity was observed in the & 8700 strikes CE with an open interest of Lakh shares, on the flipside highest PE activity was seen in strikes to the tune of Lakh shares in open interest. The 8700 strikes CE added Lakh shares; while on the PE side meaningful addition was seen PE strikes to the tune of Lakh shares. Whereas, unwinding was seen in 8200 strikes CE

3 F&O Price Gainers & Losers Long Build-Up HDIL ,360, DLF ,290, ICIL , #N/A #N/A #N/A #N/A PFC ,524, PCJEWELLER , TCS ,857, IDEA ,450, Short Covering JPASSOCIAT ,344, SRTRANSFIN ,235, RCOM ,690, GMRINFRA ,815, Short Build-Up JSWENERGY ,328, CONCOR , #N/A #N/A #N/A #N/A #N/A #N/A #N/A #N/A Liquidation CEATLTD ,058, BANKBARODA ,750, INFY ,360, ENGINERSIN ,422, GODREJIND ,480, IDFC ,009, CONCOR ,593, BATAINDIA ,555, Key Takeaways SRTransport is liekly to make new highs once it sustains above 1225 levels RCOM poised for fresh up move since price recorded swing breakout at the same time momentum indicator exited from oversold zone After a resilient move, now we can see some profit booking in JSW Energy We reiterate our view that traders should look to book some profits in PSU banks after such a long run up. Long Build Up:- Rise in Price & Rise in Liquidation:- Fall in Price & Fall in Short Build Up:- Fall in Price & Rise in Short Covering:- Rise in Price & Fall in

4 News Updates Sensex spurts 259 points on monsoon, earnings prospects; realty, power stocks soar. Private banks lift market: Sensex ends 259 points higher; Nifty50 nears 8,300. World Bank, ISA sign agreement for collaboration in solar energy. World Bank approves $625 m loan to support rooftop solar programme in India. Unsure if monetary policy panel will set rates in August: Rajan. LT Foods surges over 7% on forming subsidiary in UK. Stock View CMP TGT Rationale GRUH Bullish Stocks In Action The share price of GRUH had been consolidating in a broader range of for past fifteen months. This consolidation has taken a shape of a channel formation on a weekly chart. In today s session the counter has almost confirmed a sturdy breakout from the above-mentioned range with decent volumes. Even momentum indicators are supporting the bullish evidences. For past couple of weeks we are observing a gradual rise in the overall delivery volumes which indicates accumulation. Therefore we recommend accumulating the stock in the range of for upside target of 340. The stop loss should be placed below 267. Technical Outlook For the consecutive second day Nifty opened with a positive gap and surpassed 8300 mark on an intraday basis, but failed to close above it. Going forward headwinds for the benchmark index Nifty can be seen in the range of , as negative gap witnessed on 21st August Whereas on the downside, immediate support can be seen around todays gap area of followed by 8190 levels. The market breadth continues to show strength. Correspondingly Nifty Bank index recorded breakout from downward slanting trend line. w, followed by zones. On the contrary support can be found at followed by levels.

5 FII s activity: Cash Market: Today huge buying activity was done by FII s; they bought worth Rs cr. in the equity markets; at the same time DII s sold 191 cr. Consequently, in the June Series, FII s have bought 4831 Cr. in the cash segment, while DII s sold 2255 Cr. F&O Segment: Today FII s bought worth Rs cr. in the F&O segment. On the Index Future front they bought 284 cr. with a fall in open interest (liquidation of short positions along with fresh long). On the index option front, they bought 1937 cr. (unwinding of long and short positions in both options). Also, they bought worth Rs.226 Cr. in the stock futures (unwinding of existing long & short positions). Conclusion: The benchmark index Nifty closed at higher end of the trading range. Predominantly positive sign is that the Nifty has closed the June quarter in green since March Technically the trend has become strong. If we manage to close above 8360 on a weekly closing basis then we see extension of ongoing rally to 8650 levels. In case of failure, market may confine within a range of for next couple of weeks. Even we are witnessing negative divergence in momentum indicators. Therefore, we suggest readers to stay cautious at higher levels and to look to book some profit around zone, as extension of current leg would happen only on a decisive move above 8360 levels.

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