MARKET STRATEGY

Indian Market Change (%) December 05, 2024

Trading Strategy:
Last Close 1 day YTD
Sensex 80956 0.14 12.1 Short Term (Time period: 2-3 days): Buy PB Fintech
Nifty 24467 0.04 12.6
at 1996-2006. Stop Loss: 1970. Target: 2060.

Nifty Bank 53267 1.1 10.3 Short Term (Time period: 2-3 days): Buy SBIN at
852-860 stop loss: 840; Target: 890.
Nifty Midcap 50 16217 1.0 23.4

Nifty Smallcap 50 9228 0.6 29.4 Short Term (Time period: 2-3 days): Buy ICICI Bank
at 1309-1316 stop loss: 1290; Target: 1350.
Developed Markets Change(%)
Last Close 1 day YTD Technical View: Nifty is likely to find support at around
Dow Jones 45014.04 0.69 19.35 24300 while 24650 is likely to act as the resistance level.
Bank Nifty is likely to find support at around 52900
Nasdaq 100 21492.36 1.24 29.91
while 53700 is likely to act as resistance level on the
S&P 500 6086.49 0.61 28.33 upside.
Hang Seng 19742 (0.0) 15.8
Asian markets remained mixed but broadly bullish in
Nikkei 225 39,276 0.1 17.4
early trade as it mirrored gains in US market following
Jerome Powell's speech. Equities in Japan and Australia
Institutional Activity (`cr) climbed while those in Hong Kong and mainland China
Cash YTD remained sluggish. The markets in South Korea
continued to struggle as the opposition party sought to
FII 1,798 -2,54,434
impeach the President. Market expectations regarding a
DII -901 5,14,346 Bank of Japan interest rate hike sank after the release of
*Provisional Figures a local media report cast doubt on the same. As at 8:00
a.m. IST, the CSI 300 index was down by 14 points, the
Advance/Decline stocks No. (NSE) Nikkei 225 index was up by 244 points and the Hang
04-Dec-24 03-Dec-24 Seng index was down by 227 points.
Adv 1,426 1,767
Dec 929 591

27000
26000
NIFTY
25000
24000
23000
22000
21000
20000
19000
2-Jun-24

2-Jul-24
2-Jan-24

2-Apr-24

2-Oct-24
2-Nov-23

2-Dec-23

2-Mar-24

2-Sep-24

2-Nov-24
2-Feb-24

2-Aug-24
2-May-24

Close
 PIVOTS AND DEALS
CMP Support Resistanc 50- 200-
Company
(Rs) * e* DMA DMA
CANFINHOME 844 832 852 868 817
CHAMBLFERT 534 528 540 497 444
CMP Support Resistanc 50- 200- CHOLAFIN 1292 1267 1308 1456 1307
Company
(Rs) * e* DMA DMA
CIPLA 1501 1483 1528 1589 1501
AARTIIND 447 443 452 536 628
COALINDIA 417 412 423 476 466
ABBOTINDIA 28850 28488 29081 28808 27734
COFORGE 8766 8704 8801 7287 6288
ABCAPITAL 199 197 201 218 209
COLPAL 2916 2865 2946 3422 2993
ABFRL 312 309 319 323 287
CONCOR 844 837 851 879 950
ACC 2241 2220 2278 2368 2463
COROMANDEL 1758 1736 1795 1663 1435
ADANIENT 2495 2467 2527 2985 3055
CROMPTON 409 407 411 422 376
ADANIPORTS 1270 1254 1293 1401 1370
CUB 185 183 186 167 156
ALKEM 5673 5632 5715 6049 5396
CUMMINSIND 3545 3516 3577 3662 3376
ARE&M 1321 1310 1330 1359 1224
DABUR 523 519 527 589 570
AMBUJACEM 565 559 571 595 608
DALBHARAT 1937 1912 1953 1854 1892
APLLTD 1095 1080 1116 1146 1039
DEEPAKNTR 2694 2653 2722 2808 2562
APOLLOHOSP 7232 7149 7293 7023 6509
DELTACORP 121 120 122 124 128
APOLLOTYRE 534 523 541 509 504
DIVISLAB 6257 6200 6290 5682 4607
ASHOKLEY 234 232 236 228 212
DIXON 17391 17044 17595 14365 10791
ASIANPAINT 2459 2449 2475 3071 2942
DLF 848 842 854 844 845
ASTRAL 1837 1826 1853 1871 2004
DRREDDY 1216 1207 1227 5148 5716
ATUL 7386 7317 7452 7740 6843
EICHERMOT 4797 4739 4867 4807 4532
AUBANK 596 589 603 677 638
ESCORTS 3451 3412 3515 3837 3557
AUROPHARMA 1259 1240 1275 1457 1268
EXIDEIND 455 449 461 477 447
AXISBANK 1159 1153 1167 1188 1151
FEDERALBNK 215 211 218 193 176
BAJAJ-AUTO 8999 8887 9176 11024 9495
FSL 373 368 377 330 255
BAJAJFINSV 1628 1612 1638 1826 1656
GAIL 207 203 209 217 206
BAJFINANCE 6740 6683 6781 7186 6932
GLENMARK 1549 1540 1561 1696 1298
BALKRISIND 2876 2847 2902 2961 2777
GMRINFRA 84 83 84 87 88
BALRAMCHIN 591 580 603 614 471
GNFC 635 631 642 643 663
BANDHANBNK 178 176 180 191 194
GODREJCP 1229 1218 1239 1351 1314
BANKBARODA 261 256 263 246 256
GODREJPROP 2900 2836 2936 2957 2770
BATAINDIA 1444 1430 1452 1400 1419
GRANULES 543 532 550 577 511
BEL 313 309 319 286 263
GRASIM 2717 2700 2729 2692 2486
BERGEPAINT 478 475 484 570 541
GSPL 366 363 371 404 352
BHARATFORG 1378 1357 1392 1488 1417
GUJGASLTD 497 492 503 581 576
BHARTIARTL 1584 1568 1616 1651 1411
HAL 4521 4465 4602 4412 4201
BHEL 251 249 255 256 266
HAVELLS 1733 1713 1758 1855 1710
BIOCON 380 372 384 350 320
HCLTECH 1898 1880 1913 1814 1623
BOSCHLTD 35181 34862 35397 35917 31954
HDFCAMC 4363 4292 4403 4423 4028
BPCL 294 291 298 332 455
HDFCBANK 1860 1839 1873 1709 1590
BRITANNIA 4852 4804 4937 5904 5380
HDFCLIFE 650 640 656 717 643
BSOFT 604 599 609 599 672
HEROMOTOCO 4636 4593 4702 5406 5064
CANBK 109 106 110 105 273
 PIVOTS AND DEALS
CMP Support Resistanc 50- 200- CMP Support Resistanc 50- 200-
Company Company
(Rs) * e* DMA DMA (Rs) * e* DMA DMA
HINDALCO 663 658 670 701 641 METROPOLIS 2105 2075 2122 2172 1943

HINDCOPPER 283 280 287 310 312 MFSL 1170 1147 1184 1193 1051
MGL 1261 1245 1280 1699 1535
HINDPETRO 388 383 392 405 442
MPHASIS 3018 2996 3049 2987 2684
HINDUNILVR 2465 2450 2486 2745 2531
MRF 126841 125711 127586 130309 133150
HONAUT 40856 40380 41590 48389 46785
MUTHOOTFIN 1948 1930 1959 1948 1726
ICICIBANK 1316 1305 1323 1270 1167
NAM-INDIA 708 689 718 682 610
ICICIGI 1951 1904 1976 2067 1825
NATIONALUM 245 243 249 212 187
ICICIPRULI 676 669 687 747 642
NAUKRI 8446 8380 8518 7903 6635
IDEA 8 8 9 10 13
NAVINFLUOR 3593 3569 3616 3365 3346
IDFCFIRSTB 66 65 67 71 76
NBCC 100 99 101 133 141
IEX 178 175 182 197 170
NESTLEIND 2258 2241 2275 2463 2489
IGL 360 355 366 493 468
NMDC 234 232 236 225 234
INDHOTEL 811 805 817 691 621
NTPC 373 369 376 413 373
INDIACEM 370 368 373 363 291
OBEROIRLTY 2165 2109 2199 1906 1689
INDIAMART 2365 2352 2378 2793 2687
OFSS 12418 12270 12628 11382 9536
INDIGO 4371 4337 4424 4549 4034
ONGC 261 259 263 282 281
INDUSINDBK 999 991 1006 1295 1400
PAGEIND 45933 45519 46394 43543 39421
INDUSTOWER 357 350 363 378 341
PEL 1237 1227 1246 1067 956
INFY 1889 1872 1910 1887 1697
PERSISTENT 6011 5957 6073 5447 5510
IOC 140 139 141 161 165
PETRONET 336 333 343 341 317
IPCALAB 1489 1474 1505 1534 1327
PFC 510 503 517 478 467
IRCTC 833 826 839 877 945
PFIZER 5361 5305 5412 5593 4968
ITC 467 463 475 497 458
PIDILITIND 3205 3154 3232 3195 3015
JINDALSTEL 936 925 942 970 925
PIIND 4177 4092 4265 4550 3992
JKCEMENT 4633 4595 4654 4428 4269
PNB 110 108 111 105 117
JSWSTEEL 995 986 1003 978 904
POLYCAB 7300 7222 7429 6827 6121
JUBLFOOD 660 653 666 635 553
POWERGRID 325 320 331 331 312
KOTAKBANK 1758 1747 1768 1811 1767
LTF 148 146 149 163 165 PVRINOX 1598 1588 1609 1589 1456
RAIN 161 158 163 169 168
LALPATHLAB 2971 2950 2992 3271 2803
RAMCOCEM 1041 1034 1047 862 848
LAURUSLABS 583 578 588 479 445
RBLBANK 173 167 177 193 230
LICHSGFIN 638 633 644 644 660
RECLTD 544 538 553 542 524
LT 3790 3754 3831 3586 3580
RELIANCE 1309 1299 1324 2420 2716
LTIM 6222 6166 6263 6142 5505
SAIL 122 121 123 127 137
LTTS 5301 5253 5366 5319 5192
SBICARD 715 708 719 740 723
LUPIN 2102 2072 2121 2187 1834
SBILIFE 1453 1434 1472 1742 1574
M&M 3032 3006 3055 2927 2499
SBIN 860 852 866 806 794
M&MFIN 285 281 290 299 288
SHREECEM 27404 27096 27617 25259 25914
MANAPPURAM 170 165 172 181 186
SIEMENS 7749 7666 7890 7101 6369
MARICO 632 625 641 667 602
SRF 2334 2314 2351 2363 2401
MARUTI 11130 11057 11251 12118 12013
SHRIRAMFIN 3132 3110 3164 3309 2785
MCX 6316 6220 6372 6066 4509
 PIVOTS AND DEALS
CMP Support Resistanc 50- 200-
Company
(Rs) * e* DMA DMA
Bulk Deals
STAR 1498 1446 1573 1466 1072 Qty Avg
Scrip B/
SUNPHARMA 1800 1785 1815 1864 1647 Date name
Institution (`000 price
S
) (`)
SUNTV 770 760 781 785 723 LEADING LIGHT FUND
NITC
SYNGENE 928 920 941 886 778 4-Dec VCC THE TRIUMPH B 500 128.4
O
FUND
TATACHEM 1126 1117 1140 1091 1074 RATN
TATACOMM 1801 1786 1819 1922 1859 4-Dec AMA SBI MUTUAL FUND B 755 3335.0
NI
TATACONSUM 961 953 967 1102 1123 LINC HITESH BABUBHAI
4-Dec S 169 861.9
OLN MANGUKIYA
TATAMOTORS 788 779 801 918 957
TATAPOWER 426 423 430 445 422
TATASTEEL 146 144 147 154 156
TCS 4354 4300 4398 4228 4092
TECHM 1760 1742 1776 1653 1456
TITAN 3364 3341 3386 3507 3502
TORNTPHARM 3353 3310 3381 3368 2958
TORNTPOWER 1668 1642 1704 1831 1521
TRENT 6824 6730 6919 7382 5457
TVSMOTOR 2519 2492 2558 2679 2368
UBL 1953 1932 1974 2033 1933
ULTRACEMCO 11767 11703 11875 11377 10702
UNITDSPR 1526 1515 1543 1514 1307
UPL 568 563 573 576 535
VEDL 468 464 472 472 404
VOLTAS 1688 1675 1703 1804 1462
WHIRLPOOL 1910 1866 1946 2165 1756
WIPRO 294 292 297 538 507
ZEEL 141 138 143 129 146
ZYDUSLIFE 970 963 982 1041 1020
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Disclaimer:

Published in 2024, © IIFL Capital Services Limited (Formerly known as IIFL Securities Limited)

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 DISCLAIMER
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Key to our recommendation structure

BUY - Stock expected to give a return 10%+ more than average return on a debt instrument over a 1-year horizon.

SELL - Stock expected to give a return 10%+ below the average return on a debt instrument over a 1-year horizon.

Add - Stock expected to give a return 0-10% over the average return on a debt instrument over a 1-year horizon.

Reduce - Stock expected to give a return 0-10% below the average return on a debt instrument over a 1-year horizon.

Price Target: Unless otherwise stated in the text of this report, target prices in this report are based on either a discounted cash flow valuation or comparison of valuation ratios with companies
seen by the analyst as comparable or a combination of the two methods. The result of this fundamental valuation is adjusted to reflect the analyst’s views on the likely course of investor sentiment.
Whichever valuation method is used there is a significant risk that the target price will not be achieved within the expected timeframe. Risk factors include unforeseen changes in competitive
pressures or in the level of demand for the company’s products. Such demand variations may result from changes in technology, in the overall level of economic activity or, in some cases, in fashion.
Valuations may also be affected by changes in taxation, in exchange rates and, in certain industries, in regulations. Investment in overseas markets and instruments such as ADRs can result in
increased risk from factors such as exchange rates, exchange controls, taxation, and political and social conditions. This discussion of valuation methods and risk factors is not comprehensive –
further information is available upon request.

i. Investments in securities market are subject to market risks. Read all the related documents carefully
before investing.
ii. Mutual Funds Investments are subject to market risk. Please read the offer and scheme related documents
carefully before investing.
iii. Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way
guarantee performance of the intermediary or provide any assurance of returns to investors