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Monday, 25th September 2017

SENSEX 31626.63 -295.81 -0.93

NIFTY 50 9872.60 -91.80 -0.92

Dollar / Rupee 65.1200 0.29 0.44

Euro / Rupee 77.3625 -0.22 -0.28

Pound / Rupee 88.0150 0.61 0.69

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 Monday, 25th September 2017
Market Wrap

Markets recover in closing hour; Nifty settles at 9,872

Nifty ended at 9,872 level, down by 91 points, while Sensex closed

at 31,626 level, down by 295 points on Monday. The 50-stock index
remained subdued through the day but started recovering
marginally in the closing hour

There were 341 advances, 1,341 declines and 296 unchanged stocks on NSE, reecting strong
negative sentiments oating in the market. India VIX ended higher by 3.98% at 13.32 level.

HDFC twins and ITC contributed the most to the losses of major benchmark indices. HDFC Bank
closed at Rs 1,801.7 per share, down by 1.25%; HDFC closed at Rs 1,752.95 per share, down
by 1.66% while FMCG heavyweight, ITC Limited closed at Rs 261.8 per share, down by 2.4%.

In the broader markets, BSE Mid-cap index closed at 15,444 level, down by 165 points while
BSE Small-cap index closed at 15,977 level, down by 315 points. Bank Nifty ended at 24,165
level, down by 203 points or 0.84%. Federal Bank was the top loser in the index closing at
Rs 111.4 per share, down by Rs 2.45 per share or 2.15%.

Nifty Realty index was the top loser among the sectoral indices on NSE. The index ended at
264.4 level, down by 3.13%. Indiabulls Real Estate was the top loser in the index closed at
Rs 207 per share, down by 5.07%.

Movers and Shakers of the day:

Shoppers Stop: The stock closed in its upper circuit of Rs 499.7 per share, up by 20%. Board of
the company agreed to sell 5% shares to Amazon's local unit.

Oberoi Realty: The stock closed higher by 3.81% at Rs 422.8 per share. The company has
successfully bid for its Thane property.

Visa Steel: The stock ended at Rs 19.75 per share, up by Rs 2.4 per share or 13.83%. The
company announced that it will be raising its FII and NRI investment limit.

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Market Action Monday, 25th September 2017

12:17 PM
Matrimony.com Extends Slide
Shares of Matrimony.com fell by ~3%, after
after BNP Paribas Arbitrage sold 1.40 lakh
shares ,
12:15 PM
Oberoi Realty Hits Record High
Shares of Oberoi Realty have jumped by
~5%, after the company emerged as the
successful buyer for a land parcel
measuring 60 acres in Thane.

10:55 AM 10:33 AM
Capacite Infraprojects makes a stellar Realty & Cement stocks drop
stock market debut Realty & Cement stocks drop; Pharma
Capacite Infraprojects jumps 60% over IPO stocks maintain gains. Cipla (+1.46%)
price on stock market debut; the stock Indiabulls Hous (-5.41%) ACC Cement
made a debut at Rs. 399 on NSE as (-2.94%).
compared to the issue price of Rs 250.

10:21 AM
Indian markets open to a drop
Shares of Indian markets have opened to
drop; Nifty at 9850, moves down by 115
points.

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Index Pullers & Draggers Monday, 25th September 2017

Index Pullers Index Draggers

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

ICICI Bank 279.50 2.40 (0.87%) 4.02 ITC 262.25 -6.20 (-2.31%) -14.24

Reliance Inds. 821.55 4.15 (0.51%) 3.61 HDFC Bank 1,799.75 -24.35 (-1.33%) -13.19

Hind. Unilever 1,247.15 7.95 (0.64%) 1.49 HDFC 1,755.05 -25.90 (-1.45%) -11.02

Coal India 257.05 3.25 (1.28%) 1.10 Kotak Mah. Bank 999.50 -22.40 (-2.19%) -7.34

TCS 2,510.75 7.15 (0.29%) 1.00 Larsen & Toubro 1,165.20 -19.60 (-1.65%) -6.48

Stocks Showing Activity

Top Gainers -Nifty 500 Top Losers-Nifty 500

Company Name LTP Change Company Name LTP Change

T.V. Today Netw. 414.45 55.20 (15.37%) Infibeam Incorp. 119.85 -23.55 (-16.42%)

SCI 97.95 10.40 (11.88%) Coffee Day Enter 212.25 -17.95 (-7.80%)

United Breweries 857.85 48.85 (6.04%) Dewan Hsg. Fin. 524.55 -43.65 (-7.68%)

Nitin Fire Prot. 7.70 0.35 (4.76%) Indbull.RealEst. 201.50 -16.55 (-7.59%)

BF Utilities 408.60 16.70 (4.26%) Kwality 105.10 -8.45 (-7.44%)

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Advance/ Decline Monday, 25th September 2017

Index Advance Decline

Nifty 50 13 38

Nifty Next 50 13 37

Nifty 100 26 75

Nifty 200 46 155

Nifty 500 94 405

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

Company Name LTP Change Company Name LTP Change

T.V. Today Netw. 414.45 55.20 (15.37%) Shilpi Cable 19.80 -1.00 (-4.81%)

Aegis Logistics 231.15 8.15 (3.65%) Amara Raja Batt. 737.90 -30.95 (-4.03%)

Oberoi Realty 420.25 12.05 (2.95%) JMT Auto 3.65 -0.15 (-3.95%)

IL&FS Transport 72.45 -2.50 (-3.34%)

SML ISUZU 889.15 -28.65 (-3.12%)

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 Index View Monday, 25th September 2017

Range 9,816.05 - 9,960.50

NIFTY 52 week 7,893.80 - 10,178.95
9,872.60 -91.80 (-0.92%) Open 9,960.10
Sep 25 - Close

R2 10026

R1 9949

Pivot 9882

S1 9805

S2 9738

In Mondays trading session Benchmark Indices Ni y opened on a gap down note and traded with nega ve movement.
Ni y ended at 9,872 level, down by 91 points .The 50-stock index remained subdued through the day but started
recovering marginally in the closing hour.
Ni y breached its major support levels of 9900 and closed below it on daily chart.
Ni y managed recover from its day low of 9816.05 and give closing at 9872.
Ni y index is now trading below its 21 days & 50 days moving averages on daily chart.
In next trading session further down side movement can be seen in the index and it can move towards 9800-9770,
which is not far away from current levels. On the other hand, 9980 -10030 would now be seen as a key resistance.

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 Index View Monday, 25th September 2017

Range 24,015.45 - 24,363.80

NIFTY BANK 52 week 17,606.90 - 25,198.80
24,165.05 -203.80 (-0.84%) Open 24,361.55
Sep 25 - Close

R2 24529

R1 24347

Pivot 24181

S1 23999

S2 23833

In Mondays trading session Bank Ni y index opened on gap down note & traded with nega ve movement throughout
the day. Bank Ni y ended at 24,165 level, down by 203 points or 0.84%. Federal Bank was the top loser in the index
closing at Rs 111.4 per share, down by Rs 2.45 per share or 2.15%.
Bank Ni y has breached its major support levels of 24300 and closed below it on daily chart.
Bank Ni y index is trading below its 21 days & 50 days moving averages on daily chart.
We expect the Ni y Bank index to go down to 23900-23800. The short-term support for the Ni y Bank index is placed
around 24000 and 23950 whereas resistances are seen around 24400 and 24500.

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Buzzing Stocks Monday, 25th September 2017

Closing Bell: Gainers: Tata Power(+2%), Coal India (+1.5%).

Losers: ACC, Aurobindo (-4%).

IDBI Bank sold 1% stake (53.2 lakh shares) in Small Industries

Development Bank of India (SIDBI) on September 22.

ONGC to acquire HPCL in bulk or block deal in Nov-Dec, as per

media reports.

Dabur (+2%) and Amazon to hold press conference on Sept 26.

Shipping companies shares rise after Baltic Dry Index at 3 year high. Shipping Corp
(+12.5%), Shreyas Shipping marginally up.

Oberoi Realty successfully bids for Thane property. Stock zooms 4%.

Novartis India board approves buyback worth Rs 231.2 Cr at Rs 670/sh. Stock slips 6%.

Walchandnagar promoter releases pledge on 2 Cr shares on Sept 21. Stock drops 5%.

Future Retail stock falls 3% after 11.5 lakh shares trade on two block on NSE at
Rs 522.55 - 524.50 per share.

Stellar listing for Capacit'e Infra at Rs 399 on BSE vs issue price at Rs 250/sh.

Shoppers Stop stock zooms 14% as Amazon arm buys 5% stake.

Visa Steel stock jumps 12%; co to raise FII, NRI invest limit.

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 Analyst Speaks Monday, 25th September 2017

Range 1,792.60 - 1,822.45

HDFC Bank Limited (NSE:HDFCBANK) 52 week 1,158.00 - 1,868.00
1,798.80 -25.30 (-1.39%) Open 1,822.45
Sep 25 - Close Vol. 2.54M
Currency in INR Mkt cap 4.67T
P/E 231.44
HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the
wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank's segments include Treasury, Retail banking,
Wholesale banking and Other banking business. The Treasury segment primarily consists of net interest earnings from the Bank's investment portfolio, money
market borrowing and lending, gains or losses on investment operations and on account of trading in foreign exchange and derivative contracts. The Retail
Banking segment serves retail customers through a branch network and other delivery channels, as well as through alternative delivery channels. The Bank
provides its corporate and institutional clients a range of commercial and transactional banking products. The Other banking business segment includes income
from para banking activities.

R2 1835

R1 1817

Pivot 1804.50

S1 1786.5

S2 1774

HDFCBANK looks weak on the Daily Charts, Heavy weight has seen correc on from 52 Week highs and breaks
immediate support levels @ 1810
Stock is trading below its key EMA of 21 days and heading towards 50 Days EMA which lies at 1768 on daily chart.
Today Stock breached 21 Days EMA and Closed below.
Key Indicator ,MACDH (E21, E50) turns nega ve today, which indicated weakness in the counter
In todays trading session Stock traded with increase in volumes compared with 21 Days average volume, break down
with huge upsurge in volumes may take stock to lower levels.
In Next trading Session on Tuesday 26-Sept-2017, As Overall Market Seems Weak Hence correc on in heavy weigh
HDFCBANK can be seen and stock can test levels of 1770 on the downside, If Sustains above its Resistance levels above
1815 stock can Head towards higher levels

SELL HDFCBANK @ 1790- 1800 TARGET 1770/ 1750 SL 1815 (QTY: 500)

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Analyst Speaks Monday, 25th September 2017

Range 314.25 - 327.50

Canara Bank Ltd (NSE:CANBK) 52 week 252.20 - 416.00
326.00 0.00 (0.00%) Open 323.55
Sep 25 - Close Vol. 2.56M
Currency in INR Mkt cap 194.72B
P/E 10.07
Canara Bank Ltd. is an India-based bank. The Bank's segments include Treasury Operations, Retail Banking Operations, Wholesale Banking Operations and
Other Banking Operations. The Bank provides personal banking, corporate banking, non-resident Indians banking, Internet banking, and micro, small and medium
enterprises (MSME) banking services. Its retail lending operations include education loans and vehicle loans. Its other services include merchant banking;
depository services; executor, trustee and taxation services, and online payment services. It handles various government business products consisting of direct
and indirect tax collections; payment of pensions of Central Government and State Government; handling of postal transactions and State Government treasury
transactions; public provident fund scheme and senior citizens' saving scheme, and issue of inflation indexed bonds of Reserve Bank of India. It has approximately
5,850 branches, including over eight overseas branches.

R2 335.7

R1 330.8

Pivot 322.5

S1 317.5

S2 309.20

CANBK is Trading Near to Trend line Resistance levels, today break down has been seen in the counter, Immediate
Resistance lies @ 327

Stock trading below 21, 50 & 100 Days EMA for the 2 consecu ve days. Also Cross over (21,100) Selling signal has been
seen in the stock

Key Indicator MACDH ( E21,E50 close) turn nega ve in todays trading session, which indicates bearishness in the
counter

In next trading session on Tuesday 26-Sept-2017, CANBK may see correc on from current levels, immediate Support
lies @ 315. If stock sustain above 330 levels it may head towards higher levels

SELL CANBK @ 325- 327 TARGET 320/ 315 STOP LOSS 331 (QTY: 3000)

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Key Indices Monday, 25th September 2017

Today
Index LTP % Change High Low
Nifty 50 9,872.60 -91.80 (-0.92%) 9,960.50 9,816.05
Bank Nifty 24,165.05 -203.80 (-0.84%) 24,363.80 24,015.45
Nifty Next 50 27,583.55 -363.70 (-1.30%) 27,986.05 27,234.45
Nifty 100 10,219.70 -101.25 (-0.98%) 10,319.45 10,159.65
Nifty 200 5,346.90 -57.55 (-1.06%) 5,403.55 5,313.40
Nifty 500 8,638.30 -99.70 (-1.14%) 8,738.05 8,574.80
Nifty Midcap 100 18,151.45 -242.40 (-1.32%) 18,416.85 17,860.90
Nifty Smallcap 100 7,527.90 -180.10 (-2.34%) 7,726.15 7,359.25

Sector Indices
Today
Index LTP % Change High Low
Nifty Auto 10,808.45 -118.60 (-1.09%) 10,949.30 10,724.20
Nifty Energy 13,035.00 -11.70 (-0.09%) 13,094.50 12,892.95
Nifty Financial Services 9,952.75 -112.15 (-1.11%) 10,064.15 9,894.00
Nifty FMCG 24,980.70 -239.65 (-0.95%) 25,289.45 24,867.95
Nifty IT 10,569.15 -62.95 (-0.59%) 10,653.55 10,513.30
Nifty Media 3,014.80 -13.15 (-0.43%) 3,039.60 2,979.90
Nifty Metal 3,450.10 -41.70 (-1.19%) 3,500.85 3,366.15
Nifty Pharma 9,297.05 -168.40 (-1.78%) 9,474.15 9,239.40
Nifty PSU Bank 3,125.95 -26.85 (-0.85%) 3,150.45 3,063.75
Nifty Realty 264.40 -8.55 (-3.13%) 275.60 261.25

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Global Indices Monday, 25th September 2017

Indices Date Value Previous Close Change % Change

CAC 40 25/09/2017 5,266.49 5,281.29 -14.80 -0.28
DAX 25/09/2017 12,602.79 12,592.35 10.44 0.08
FTSE 25/09/2017 7,294.89 7,310.64 -15.75 -0.22
Shanghai 24/09/2017 3,341.55 3,352.53 -10.98 -0.33
Hang Seng 24/09/2017 27,500.34 27,880.53 -380.19 -1.36
Nikkei 24/09/2017 20,397.58 20,296.45 101.13 0.50
Straits Times 24/09/2017 3,215.91 3,220.25 -4.34 -0.13
DOW Jones 22/09/2017 22,349.59 22,359.23 -9.64 -0.04
Nasdaq 22/09/2017 6,426.92 6,422.69 4.23 0.07

FII And DII Activity -Monday, 25th September 2017

FII Activity

Buy Value(In Crs) Sell Value(In Crs) Net Value(In Crs)

4528.7 5770.43 -1241.73
DII Activity

Buy Value(In Crs) Sell Value(In Crs) Net Value(In Crs)

4204.67 3683.5 521.17

Cash Segment:
FIIs: -1241.73 Crs

DIIs: 521.17 Crs

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Market News Monday, 25th September 2017

ONGC may acquire HPCL in bulk or block deal

Government owned oil major Oil and Natural Gas Corporation (ONGC)is likely
to acquire Hindustan Petroleum Corporation (HPCL) in a bulk or block deal
in the coming months, before the year ends, according to various media
reports.

ONGC has appointed SBI Caps and the Citi Group as its merchant bankers
to complete the deal, whereas, the governments 51.92 crore shares may also
be sold to ONGC through either the bulk or block deal, according to the
referred report.

The share price of ONGC closed at Rs 164.45, after dropping to an intraday low of Rs 161.10 per share, while
HPCL was lower by 3.01% at Rs 425.30 on BSE at the closing hour.The share price of ONGC had hitits52-week
high of Rs 212 per share on January 31,2017and its 52 week low of Rs 155.30 per share on June 27,2017on
BSE, respectively.Whereas HPCL had hit its 52 week high of Rs 493 per share on September 1,2017and its 52
week low of Rs 269.23 per share on November 15, 2016, respectively.

Meanwhile, Indian benchmark index BSE Sensex was lower by 295.81 points, or 1.13%, at 31,626.63 level in
the closing hour.

Promoter of Walchandnagar releases pledge on 2 crore shares

The promoter of Walchandnagar Industries have released pledge on 2 crore
shares on September 21, reported a leading business channel on
Monday. The stock of Walchandnagar Industries was trading down by
nearly 5% during Mondays trade on the BSE.

At 1431 hours, Walchandnagar Industries was trading at Rs 191.35 per

share, down by Rs 9.20 or 4.59%, on the BSE. The stock hit an intraday
high and low of Rs 203.40 and Rs 181.75, respectively.

The stock attracted a traded volume of 11,62,514 shares and traded value of Rs 2,225.63 lakh on the NSE.
The company had hit its 52-week high of Rs 240.50 on September 20, 2017 and 52-week low of Rs 127.95
on November 9, 2016, on the NSE.

Walchandnagar Industries Limited is a heavy engineering and project execution company. The company's
segments include heavy engineering; foundry and machine shop and others.

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 Market News Monday, 25th September 2017

Hi-Tech Gears incorporates subsidiary in US

The Hi-Tech Gears informed that the company has incorporated a wholly-
owned subsidiary by the name of 'Neo-Tech Auto Systemz Inc.' in the US.

The proposed business interest of the WOS falls in the general engineering,
industrial components and automotive industry segments, said the company
in a BSE ling.

The object of the acquisition is to be part of a global value chain with a footprint in important and essential
geography, also said the company.

The Hi-Tech Gears was trading at Rs 345 per share, down by Rs 2 or 0.58% as at 1225 hours on Monday,
on the BSE. The stock hit an intraday high and low of Rs 346 and Rs 342.20 respectively.

The stock attracted a traded volume of 3,375 shares and traded value of Rs 11.57 lakh on the NSE. The
company had hit its 52-week high of Rs 410 on October 6, 2016, and 52-week low of Rs 263.40 on November
22, 2016, on the NSE.

The Hi-Tech Gears Limited is an India-based company engaged in the manufacturing of auto components.
The company is primarily engaged in the business of gears and transmission components. The company
offers a range of parts and accessories for vehicles, including motorcycles/scooters, as well as toothed wheels,
chains pocket and other transmission parts.

Gayatri Projects bags order worth Rs 1,483 crore

Gayatri Projects announced that the company has bagged Rs 1,483 crore
irrigation project for the formation of Sri Komravelli Mallanna Reservoir with a
capacity of 50 TMC.

The project is a part of the prestigious Kaleshwaram Lift Irrigation Prroject

(KLIP), in a joint venture with NCC and HES, said the company in a BSE ling on Monday.

The KLIP is set to irrigate 18.47 lakh acres of land in various districts of Telangana, also said the company.
The company has an orderbook of Rs 13,000 crore.

The stock of Gayatri Projects was trading at Rs 187.95 per share, up by Rs 2.60 or 1.40% as at 1215 hours
on Monday, on the BSE. The stock hit an intraday high and low of Rs 191.90 and Rs 184.80, respectively.

The stock attracted a traded volume of 3,31,426 shares and traded value of Rs 621.79 lakh on the NSE.

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Analyst Speaks Monday, 25th September 2017

Our Previous Recommendation

Date Call Target/SL P&L
7-Sep-2017 BUY MUTHOOT FINANCE CASH @ 485- 487TARGET 497/ 507 SL 475 (QTY: 1500) CLOSED @ 489 RS. + 4500/-

7-Sep-2017 BUY ARVIND CASH ABOVE 404.50 TARGET 408.50/ 412.50 SL 399.50 (QTY: 2000) TG 1 @ 408.50 ACHIEVED Rs. +8000
8-Sep-2017 SELL GLENMARK PHARMA @ 580- 590 LEVELS TARGET 570/ 560 SL 600 (QTY: 700) TG 1 @ 570 ACHIEVED Rs. +10,500

8-Sep-2017 SELL INFY @ 880- 900 LEVELS TARGET 865/ 850 SL 915 (QTY: 500) CLOSED @ 878 NIL

11-Sep-2017 BUY BERGER PAINTS @ 262- 268 TARGET 275/ 282 STOP LOSS 255 (QTY: 2200) CLOSE AT COST NIL

11-Sep-2017 BUY GAIL INDIA LTD @ 388- 394 TARGET 400/ 410 STOPLOSS 382 (QTY: 1500) TG 2 @ 410 ACHIEVED Rs. + 24000/-

12-Sep-2017 BUY ESCORTS INDIA LTD @ 672- 678 LEVELS TARGET 690/ 705 STOPLOSS 660 (QTY: 1100) TG 1 ALMOST ACHIEVED Rs. - 9900

12-Sep-2017 BUY NCC LTD @ 88- 90 LEVELS, TARGET 93- 97 SL 85 (QTY: 4000) CLOSE AT COST NIL

13-Sep-2017 SELL BATA INDIA @ 710- 715 TARGET 695/ 680 STOP LOSS 725 SL TRIGGERED Rs. -16500/-

13-Sep-2017 BUY ORIENTAL BANK OF COMMERCE @ 129- 130.50 TARGET 133.50/ 136.50 SL 126.50 (QTY: 3000) NOT EXECUTED NIL

14-Sep-2017 BUY GRUH @ 538 - 540 LEVELS, TARGET 546 - 550 SL 520 (QTY: 1895) TG 1 ALMOST ACHIEVED Rs. + 8000

14-Sep-2017 BUY KRBL @490 - 492 LEVELS, TARGET 500-505 SL 485 (QTY: 2033 ) TG 1 ALMOST ACHIEVED Rs. + 15000/-

15-Sep-2017 SELL LICHSGFIN CASH @ 652-650 TG1 640 TG2 630 SL 660 , QTY 1000 NOT EXECUTED NIL

15-Sep-2017 BUY HDFCBANK CASH @ 1835-1840 TG1 1860 TG2 1880 SL 1820 , QTY 500 Rs. + 10000/-
TG ACHIEVED

18-Sep-2017 BUY GNFC CASH @ 325- 335 TARGET 345/ 360 STOPLOSS 315 TG ACHIEVED Rs. + 29800/-

18-Sep-2017 BUY JUST DIAL @ 408- 412 TARGET 422/ 432 STOPLOSS 398 CLOSE AT COST Nil

19-Sep-2017 BUY GAIL INDIA LTD @ 417 -422, TARGET 430/ 440 SL 410 CLOSE AT COST Nil

19-Sep-2017 BUY MFSL CASH @ 638- 648 TARGET 658/ 670 SL 618 CLOSE AT COST Nil

20-Sep-2017 BUY NBCC @ 218- 221 TARGET 227/ 232 SL 212 TG 1 ACHIEVED +18000/-

20-Sep-2017 BUY INDIGO @ 1150- 1160 TARGET 1120/ 1180 SL 1180 TG ACHIEVED +12000/-

21-Sep-2017 BUY INDIGO @ 1135- 1140 TARGET 1110/ 1080 SL 1165 TG ACHIEVED +18000/-

21-Sep-2017 BUY LUPIN @ 1020- 1025 TARGET 1040/ 1055 SL 1010 (QTY: 400) CLOSED @ 1114 -2400/-

22-Sep-2017 SELL HEROMOTOCO @ 3780- 3800 TARGET 3755/ 3725 STOP LOSS 3825 (QTY: 200) TG ACHIEVED +15000/-

22-Sep-2017 BUY KSCL @ 525- 520 TARGET 535/ 545 STOP LOSS 515 (QTY: 1500) SL TRIGGER -15000/-

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