SlideShare une entreprise Scribd logo
1  sur  2
Télécharger pour lire hors ligne
Daily Derivatives Outlook


                                                                                                   5th September 2012


 Short Strangle Trades for Indices
( Sell both OTM Call and OTM Put )
                                                                            BTST Call Trades
                     5600C & 4900P
                                                                    (Bullish Stock Options)
                     5500C & 5000P
Nifty Sep
                     5400C & 5100P                             Buy Powergrid 130 CE at 1.30
                     5300C & 5200P
                                                             Buy Jubilant Food 1250 CE at 30
                     5700C & 4800P
Nifty Oct            5600C & 4900P
                                                                 Buy LIC Hsg 300 CE at 6.50
                     5500C & 5000P

                     5800C & 4700P                                Buy IDBI Bank 85 CE at 3
Nifty Nov            5700C & 4800P
                                                                  Buy RPower 80 CE at 2.75
                     5600C & 4900P

                    10800C & 9300P
Bank Nifty Sep                                                              BTST Put Trades
                    10600C & 9500P
                                                                    (Bearish Stock Options)
                    10400C & 9700P


                                                                      Buy IDFC 130 PE at 4
Short Strangle Trades for Currency
( Sell both OTM Call and OTM Put )
                                                                    Buy HDFC 720 PE at 10
                         58C & 54P


USDINR Sep            57.5C & 54.5P                          Buy Pantaloon Retail 140 PE at 7


                         57C & 55P                               Buy Tata Power 95 PE at 2



                                                    Keynote Capitals Ltd.
                        th
             The Ruby, 9 Floor, SenapatiBapatMarg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
Disclaimer
This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or
redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions.
This material is for the personal information of the authorized recipient, and we are not soliciting any action based upon it. This report
is not to be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or
solicitation would be illegal. It is for the general information of clients of Keynote Capitals Ltd. It does not constitute a personal
recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients.
We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its
accuracy or completeness cannot be guaranteed. Neither Keynote Capitals Ltd., nor any person connected with it, accepts any liability
arising from the use of this document. The recipients of this material should rely on their own investigations and take their own
professional advice. Price and value of the investments referred to in this material may go up or down. Past performance is not a guide
for future performance. Certain transactions -including those involving futures, options and other derivatives as well as non-investment
grade securities - involve substantial risk and are not suitable for all investors. Reports based on technical analysis centers on studying
charts of a stock’s price movement and trading volume, as opposed to focusing on a company’s fundamentals and as such, may not
match with a report on a company’s fundamentals.
Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a
reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us
from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be
subject to change without notice. Our proprietary trading and investment businesses may make investment decisions that are
inconsistent with the recommendations expressed herein.
We and our affiliates, officers, directors, and employees world wide may: (a) from time to time, have long or short positions in, and buy
or sell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other transaction involving such securities
and earn brokerage or other compensation or act as a market maker in the financial instruments of the company (ies) discussed herein
or act as advisor or lender / borrower to such company (ies) or have other potential conflict of interest with respect to any
recommendation and related information and opinions.
The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the
subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly
related to specific recommendations or views expressed in this report.
No part of this material may be duplicated in any form and/or redistributed without Keynote Capitals Ltd’s., prior written consent.




                                                           Keynote Capitals Ltd.
                            th
               The Ruby, 9 Floor, SenapatiBapatMarg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322

Contenu connexe

Tendances

Keynote derivatives daily report for 110912
Keynote derivatives   daily report for 110912Keynote derivatives   daily report for 110912
Keynote derivatives daily report for 110912Keynote Capitals Ltd.
 
Keynote derivatives daily report for 310812
Keynote derivatives   daily report for 310812Keynote derivatives   daily report for 310812
Keynote derivatives daily report for 310812Keynote Capitals Ltd.
 
Keynote derivatives daily report for 240812
Keynote derivatives daily report for 240812Keynote derivatives daily report for 240812
Keynote derivatives daily report for 240812Keynote Capitals Ltd.
 
Keynote derivatives daily report for 120912
Keynote derivatives   daily report for 120912Keynote derivatives   daily report for 120912
Keynote derivatives daily report for 120912Keynote Capitals Ltd.
 
Keynote derivatives daily report for 260612
Keynote derivatives daily report for 260612Keynote derivatives daily report for 260612
Keynote derivatives daily report for 260612Keynote Capitals Ltd.
 
Keynote derivatives daily report for 220812
Keynote derivatives daily report for 220812Keynote derivatives daily report for 220812
Keynote derivatives daily report for 220812Keynote Capitals Ltd.
 
Keynote derivatives daily report for 210812
Keynote derivatives daily report for 210812Keynote derivatives daily report for 210812
Keynote derivatives daily report for 210812Keynote Capitals Ltd.
 
Keynote derivatives daily report for 181212
Keynote derivatives   daily report for 181212Keynote derivatives   daily report for 181212
Keynote derivatives daily report for 181212Keynote Capitals Ltd.
 
Keynote derivatives daily report for 070812
Keynote derivatives daily report for 070812Keynote derivatives daily report for 070812
Keynote derivatives daily report for 070812Keynote Capitals Ltd.
 
Keynote derivatives daily report for 030712
Keynote derivatives daily report for 030712Keynote derivatives daily report for 030712
Keynote derivatives daily report for 030712Keynote Capitals Ltd.
 
Keynote derivatives daily report for 250912
Keynote derivatives   daily report for 250912Keynote derivatives   daily report for 250912
Keynote derivatives daily report for 250912Keynote Capitals Ltd.
 
Keynote derivatives daily report for 071212
Keynote derivatives daily report for 071212Keynote derivatives daily report for 071212
Keynote derivatives daily report for 071212Keynote Capitals Ltd.
 
Keynote derivatives daily report for 270612
Keynote derivatives daily report for 270612Keynote derivatives daily report for 270612
Keynote derivatives daily report for 270612Keynote Capitals Ltd.
 
Keynote derivatives daily report for 250612
Keynote derivatives daily report for 250612Keynote derivatives daily report for 250612
Keynote derivatives daily report for 250612Keynote Capitals Ltd.
 
Keynote derivatives daily report for 120712
Keynote derivatives daily report for 120712Keynote derivatives daily report for 120712
Keynote derivatives daily report for 120712Keynote Capitals Ltd.
 
Keynote derivatives daily report for 260912
Keynote derivatives   daily report for 260912Keynote derivatives   daily report for 260912
Keynote derivatives daily report for 260912Keynote Capitals Ltd.
 

Tendances (20)

Keynote derivatives daily report for 110912
Keynote derivatives   daily report for 110912Keynote derivatives   daily report for 110912
Keynote derivatives daily report for 110912
 
Keynote derivatives daily report for 310812
Keynote derivatives   daily report for 310812Keynote derivatives   daily report for 310812
Keynote derivatives daily report for 310812
 
Keynote derivatives daily report for 240812
Keynote derivatives daily report for 240812Keynote derivatives daily report for 240812
Keynote derivatives daily report for 240812
 
Keynote derivatives27aug
Keynote derivatives27augKeynote derivatives27aug
Keynote derivatives27aug
 
Keynote derivatives29aug
Keynote derivatives29augKeynote derivatives29aug
Keynote derivatives29aug
 
Keynote derivatives23aug
Keynote derivatives23augKeynote derivatives23aug
Keynote derivatives23aug
 
Keynote derivatives daily report for 120912
Keynote derivatives   daily report for 120912Keynote derivatives   daily report for 120912
Keynote derivatives daily report for 120912
 
Keynote derivatives daily report for 260612
Keynote derivatives daily report for 260612Keynote derivatives daily report for 260612
Keynote derivatives daily report for 260612
 
Keynote derivatives daily report for 220812
Keynote derivatives daily report for 220812Keynote derivatives daily report for 220812
Keynote derivatives daily report for 220812
 
Keynote derivatives daily report for 210812
Keynote derivatives daily report for 210812Keynote derivatives daily report for 210812
Keynote derivatives daily report for 210812
 
Keynote derivatives30aug
Keynote derivatives30augKeynote derivatives30aug
Keynote derivatives30aug
 
Keynote derivatives daily report for 181212
Keynote derivatives   daily report for 181212Keynote derivatives   daily report for 181212
Keynote derivatives daily report for 181212
 
Keynote derivatives daily report for 070812
Keynote derivatives daily report for 070812Keynote derivatives daily report for 070812
Keynote derivatives daily report for 070812
 
Keynote derivatives daily report for 030712
Keynote derivatives daily report for 030712Keynote derivatives daily report for 030712
Keynote derivatives daily report for 030712
 
Keynote derivatives daily report for 250912
Keynote derivatives   daily report for 250912Keynote derivatives   daily report for 250912
Keynote derivatives daily report for 250912
 
Keynote derivatives daily report for 071212
Keynote derivatives daily report for 071212Keynote derivatives daily report for 071212
Keynote derivatives daily report for 071212
 
Keynote derivatives daily report for 270612
Keynote derivatives daily report for 270612Keynote derivatives daily report for 270612
Keynote derivatives daily report for 270612
 
Keynote derivatives daily report for 250612
Keynote derivatives daily report for 250612Keynote derivatives daily report for 250612
Keynote derivatives daily report for 250612
 
Keynote derivatives daily report for 120712
Keynote derivatives daily report for 120712Keynote derivatives daily report for 120712
Keynote derivatives daily report for 120712
 
Keynote derivatives daily report for 260912
Keynote derivatives   daily report for 260912Keynote derivatives   daily report for 260912
Keynote derivatives daily report for 260912
 

Similaire à Keynote derivatives daily report for 050912

Keynote derivatives daily report for 130912
Keynote derivatives   daily report for 130912Keynote derivatives   daily report for 130912
Keynote derivatives daily report for 130912Keynote Capitals Ltd.
 
Keynote derivatives daily report for 100812
Keynote derivatives daily report for 100812Keynote derivatives daily report for 100812
Keynote derivatives daily report for 100812Keynote Capitals Ltd.
 
Keynote derivatives daily report for 200912
Keynote derivatives   daily report for 200912Keynote derivatives   daily report for 200912
Keynote derivatives daily report for 200912Keynote Capitals Ltd.
 
Keynote derivatives daily report for 051212
Keynote derivatives   daily report for 051212Keynote derivatives   daily report for 051212
Keynote derivatives daily report for 051212Keynote Capitals Ltd.
 
Keynote derivatives daily report for 090812
Keynote derivatives daily report for 090812Keynote derivatives daily report for 090812
Keynote derivatives daily report for 090812Keynote Capitals Ltd.
 
Keynote derivatives daily report for 090812
Keynote derivatives daily report for 090812Keynote derivatives daily report for 090812
Keynote derivatives daily report for 090812Keynote Capitals Ltd.
 
Keynote derivatives daily report for 231112
Keynote derivatives   daily report for 231112Keynote derivatives   daily report for 231112
Keynote derivatives daily report for 231112Keynote Capitals Ltd.
 
Keynote derivatives daily report for 160712
Keynote derivatives daily report for 160712Keynote derivatives daily report for 160712
Keynote derivatives daily report for 160712Keynote Capitals Ltd.
 
Keynote derivatives daily report for 291112
Keynote derivatives daily report for 291112Keynote derivatives daily report for 291112
Keynote derivatives daily report for 291112Keynote Capitals Ltd.
 
Keynote derivatives daily report for 011012
Keynote derivatives   daily report for 011012Keynote derivatives   daily report for 011012
Keynote derivatives daily report for 011012Keynote Capitals Ltd.
 
Keynote derivatives daily report for 060812
Keynote derivatives daily report for 060812Keynote derivatives daily report for 060812
Keynote derivatives daily report for 060812Keynote Capitals Ltd.
 
Keynote derivatives daily report for 191112
Keynote derivatives   daily report for 191112Keynote derivatives   daily report for 191112
Keynote derivatives daily report for 191112Keynote Capitals Ltd.
 

Similaire à Keynote derivatives daily report for 050912 (16)

Keynote derivatives daily report for 130912
Keynote derivatives   daily report for 130912Keynote derivatives   daily report for 130912
Keynote derivatives daily report for 130912
 
Keynote derivatives30aug
Keynote derivatives30augKeynote derivatives30aug
Keynote derivatives30aug
 
Keynote derivatives daily report for 100812
Keynote derivatives daily report for 100812Keynote derivatives daily report for 100812
Keynote derivatives daily report for 100812
 
Keynote derivatives daily report for 200912
Keynote derivatives   daily report for 200912Keynote derivatives   daily report for 200912
Keynote derivatives daily report for 200912
 
Keynote derivatives daily report for 051212
Keynote derivatives   daily report for 051212Keynote derivatives   daily report for 051212
Keynote derivatives daily report for 051212
 
Keynote derivatives daily report
Keynote derivatives   daily reportKeynote derivatives   daily report
Keynote derivatives daily report
 
Keynote derivatives daily report for 090812
Keynote derivatives daily report for 090812Keynote derivatives daily report for 090812
Keynote derivatives daily report for 090812
 
Keynote derivatives daily report for 090812
Keynote derivatives daily report for 090812Keynote derivatives daily report for 090812
Keynote derivatives daily report for 090812
 
Keynote derivatives daily report for 231112
Keynote derivatives   daily report for 231112Keynote derivatives   daily report for 231112
Keynote derivatives daily report for 231112
 
Keynote derivatives 16aug 2012
Keynote derivatives   16aug 2012Keynote derivatives   16aug 2012
Keynote derivatives 16aug 2012
 
Keynote derivatives daily report for 160712
Keynote derivatives daily report for 160712Keynote derivatives daily report for 160712
Keynote derivatives daily report for 160712
 
Keynote derivatives daily report for 291112
Keynote derivatives daily report for 291112Keynote derivatives daily report for 291112
Keynote derivatives daily report for 291112
 
Keynote derivatives Daily report
Keynote derivatives Daily reportKeynote derivatives Daily report
Keynote derivatives Daily report
 
Keynote derivatives daily report for 011012
Keynote derivatives   daily report for 011012Keynote derivatives   daily report for 011012
Keynote derivatives daily report for 011012
 
Keynote derivatives daily report for 060812
Keynote derivatives daily report for 060812Keynote derivatives daily report for 060812
Keynote derivatives daily report for 060812
 
Keynote derivatives daily report for 191112
Keynote derivatives   daily report for 191112Keynote derivatives   daily report for 191112
Keynote derivatives daily report for 191112
 

Plus de Keynote Capitals Ltd.

Keynote technicals daily report for 280313
Keynote technicals daily report for 280313Keynote technicals daily report for 280313
Keynote technicals daily report for 280313Keynote Capitals Ltd.
 
Keynote technicals currency intraday levels for 280313
Keynote technicals currency intraday levels for 280313Keynote technicals currency intraday levels for 280313
Keynote technicals currency intraday levels for 280313Keynote Capitals Ltd.
 
Keynote derivatives daily report for 280313
Keynote derivatives daily report for 280313Keynote derivatives daily report for 280313
Keynote derivatives daily report for 280313Keynote Capitals Ltd.
 
Keynote capitals india m orning note 20130328
Keynote capitals india m orning note 20130328Keynote capitals india m orning note 20130328
Keynote capitals india m orning note 20130328Keynote Capitals Ltd.
 
Keynote technicals intraday future levels for 280313
Keynote technicals intraday future levels for 280313Keynote technicals intraday future levels for 280313
Keynote technicals intraday future levels for 280313Keynote Capitals Ltd.
 
Keynote technical commodity intraday levels for 060313
Keynote technical commodity intraday levels for 060313Keynote technical commodity intraday levels for 060313
Keynote technical commodity intraday levels for 060313Keynote Capitals Ltd.
 
Keynote commodity daily report for 060313
Keynote commodity daily report for 060313Keynote commodity daily report for 060313
Keynote commodity daily report for 060313Keynote Capitals Ltd.
 
Keynote technical daily report for 050313
Keynote technical daily report for 050313Keynote technical daily report for 050313
Keynote technical daily report for 050313Keynote Capitals Ltd.
 
Keynote technical currency intraday levels for 050313
Keynote technical currency intraday levels for 050313Keynote technical currency intraday levels for 050313
Keynote technical currency intraday levels for 050313Keynote Capitals Ltd.
 
Keynote technical intraday future levels for 050313
Keynote technical intraday future levels for 050313Keynote technical intraday future levels for 050313
Keynote technical intraday future levels for 050313Keynote Capitals Ltd.
 
Keynote technicals daily report for 280213
Keynote technicals daily report for 280213Keynote technicals daily report for 280213
Keynote technicals daily report for 280213Keynote Capitals Ltd.
 
Keynote technicals currency intraday levels for 280213
Keynote technicals currency intraday levels for 280213Keynote technicals currency intraday levels for 280213
Keynote technicals currency intraday levels for 280213Keynote Capitals Ltd.
 
Keynote technicals commodity intraday levels for 280213
Keynote technicals commodity intraday levels for 280213Keynote technicals commodity intraday levels for 280213
Keynote technicals commodity intraday levels for 280213Keynote Capitals Ltd.
 
Keynote derivatives daily report for 280213
Keynote derivatives daily report for 280213Keynote derivatives daily report for 280213
Keynote derivatives daily report for 280213Keynote Capitals Ltd.
 
Keynote commodity daily report for 280213
Keynote commodity daily report for 280213Keynote commodity daily report for 280213
Keynote commodity daily report for 280213Keynote Capitals Ltd.
 
Keynote technicals intraday future levels for 280213
Keynote technicals intraday future levels for 280213Keynote technicals intraday future levels for 280213
Keynote technicals intraday future levels for 280213Keynote Capitals Ltd.
 
Keynote technicals daily report for 260213
Keynote technicals daily report for 260213Keynote technicals daily report for 260213
Keynote technicals daily report for 260213Keynote Capitals Ltd.
 
Keynote technicals currency intraday levels for 260213
Keynote technicals currency intraday levels for 260213Keynote technicals currency intraday levels for 260213
Keynote technicals currency intraday levels for 260213Keynote Capitals Ltd.
 
Keynote technicals commodity intraday levels for 260213
Keynote technicals commodity intraday levels for 260213Keynote technicals commodity intraday levels for 260213
Keynote technicals commodity intraday levels for 260213Keynote Capitals Ltd.
 
Keynote derivatives daily report for 260213
Keynote derivatives daily report for 260213Keynote derivatives daily report for 260213
Keynote derivatives daily report for 260213Keynote Capitals Ltd.
 

Plus de Keynote Capitals Ltd. (20)

Keynote technicals daily report for 280313
Keynote technicals daily report for 280313Keynote technicals daily report for 280313
Keynote technicals daily report for 280313
 
Keynote technicals currency intraday levels for 280313
Keynote technicals currency intraday levels for 280313Keynote technicals currency intraday levels for 280313
Keynote technicals currency intraday levels for 280313
 
Keynote derivatives daily report for 280313
Keynote derivatives daily report for 280313Keynote derivatives daily report for 280313
Keynote derivatives daily report for 280313
 
Keynote capitals india m orning note 20130328
Keynote capitals india m orning note 20130328Keynote capitals india m orning note 20130328
Keynote capitals india m orning note 20130328
 
Keynote technicals intraday future levels for 280313
Keynote technicals intraday future levels for 280313Keynote technicals intraday future levels for 280313
Keynote technicals intraday future levels for 280313
 
Keynote technical commodity intraday levels for 060313
Keynote technical commodity intraday levels for 060313Keynote technical commodity intraday levels for 060313
Keynote technical commodity intraday levels for 060313
 
Keynote commodity daily report for 060313
Keynote commodity daily report for 060313Keynote commodity daily report for 060313
Keynote commodity daily report for 060313
 
Keynote technical daily report for 050313
Keynote technical daily report for 050313Keynote technical daily report for 050313
Keynote technical daily report for 050313
 
Keynote technical currency intraday levels for 050313
Keynote technical currency intraday levels for 050313Keynote technical currency intraday levels for 050313
Keynote technical currency intraday levels for 050313
 
Keynote technical intraday future levels for 050313
Keynote technical intraday future levels for 050313Keynote technical intraday future levels for 050313
Keynote technical intraday future levels for 050313
 
Keynote technicals daily report for 280213
Keynote technicals daily report for 280213Keynote technicals daily report for 280213
Keynote technicals daily report for 280213
 
Keynote technicals currency intraday levels for 280213
Keynote technicals currency intraday levels for 280213Keynote technicals currency intraday levels for 280213
Keynote technicals currency intraday levels for 280213
 
Keynote technicals commodity intraday levels for 280213
Keynote technicals commodity intraday levels for 280213Keynote technicals commodity intraday levels for 280213
Keynote technicals commodity intraday levels for 280213
 
Keynote derivatives daily report for 280213
Keynote derivatives daily report for 280213Keynote derivatives daily report for 280213
Keynote derivatives daily report for 280213
 
Keynote commodity daily report for 280213
Keynote commodity daily report for 280213Keynote commodity daily report for 280213
Keynote commodity daily report for 280213
 
Keynote technicals intraday future levels for 280213
Keynote technicals intraday future levels for 280213Keynote technicals intraday future levels for 280213
Keynote technicals intraday future levels for 280213
 
Keynote technicals daily report for 260213
Keynote technicals daily report for 260213Keynote technicals daily report for 260213
Keynote technicals daily report for 260213
 
Keynote technicals currency intraday levels for 260213
Keynote technicals currency intraday levels for 260213Keynote technicals currency intraday levels for 260213
Keynote technicals currency intraday levels for 260213
 
Keynote technicals commodity intraday levels for 260213
Keynote technicals commodity intraday levels for 260213Keynote technicals commodity intraday levels for 260213
Keynote technicals commodity intraday levels for 260213
 
Keynote derivatives daily report for 260213
Keynote derivatives daily report for 260213Keynote derivatives daily report for 260213
Keynote derivatives daily report for 260213
 

Keynote derivatives daily report for 050912

  • 1. Daily Derivatives Outlook 5th September 2012 Short Strangle Trades for Indices ( Sell both OTM Call and OTM Put ) BTST Call Trades 5600C & 4900P (Bullish Stock Options) 5500C & 5000P Nifty Sep 5400C & 5100P Buy Powergrid 130 CE at 1.30 5300C & 5200P Buy Jubilant Food 1250 CE at 30 5700C & 4800P Nifty Oct 5600C & 4900P Buy LIC Hsg 300 CE at 6.50 5500C & 5000P 5800C & 4700P Buy IDBI Bank 85 CE at 3 Nifty Nov 5700C & 4800P Buy RPower 80 CE at 2.75 5600C & 4900P 10800C & 9300P Bank Nifty Sep BTST Put Trades 10600C & 9500P (Bearish Stock Options) 10400C & 9700P Buy IDFC 130 PE at 4 Short Strangle Trades for Currency ( Sell both OTM Call and OTM Put ) Buy HDFC 720 PE at 10 58C & 54P USDINR Sep 57.5C & 54.5P Buy Pantaloon Retail 140 PE at 7 57C & 55P Buy Tata Power 95 PE at 2 Keynote Capitals Ltd. th The Ruby, 9 Floor, SenapatiBapatMarg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322
  • 2. Disclaimer This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions. This material is for the personal information of the authorized recipient, and we are not soliciting any action based upon it. This report is not to be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. It is for the general information of clients of Keynote Capitals Ltd. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy or completeness cannot be guaranteed. Neither Keynote Capitals Ltd., nor any person connected with it, accepts any liability arising from the use of this document. The recipients of this material should rely on their own investigations and take their own professional advice. Price and value of the investments referred to in this material may go up or down. Past performance is not a guide for future performance. Certain transactions -including those involving futures, options and other derivatives as well as non-investment grade securities - involve substantial risk and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a stock’s price movement and trading volume, as opposed to focusing on a company’s fundamentals and as such, may not match with a report on a company’s fundamentals. Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. We and our affiliates, officers, directors, and employees world wide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company (ies) discussed herein or act as advisor or lender / borrower to such company (ies) or have other potential conflict of interest with respect to any recommendation and related information and opinions. The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report. No part of this material may be duplicated in any form and/or redistributed without Keynote Capitals Ltd’s., prior written consent. Keynote Capitals Ltd. th The Ruby, 9 Floor, SenapatiBapatMarg, Dadar (W), Mumbai, India – 400028. Tel: 3026 6000 / 2269 4322