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EQUITY MARKET WEEKLY EQUITY REPORT

11th NOVEMBER 2019 TO 15th NOVEMBER 2019

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Top Stories

World Market News:-

U.S. shares higher at close of trade; Dow Jones Industrial Average up 0.02%

Investing.com – U.S. equities were higher at the close on Friday, as gains in the Healthcare, Technology and Consumer Services

sectors propelled shares higher. At the close in.

Oil Rebounds After Investors Shake Off Trump’s Tariff Comments

(Bloomberg) -- Oil erased losses to trade little changed as investors shrugged off a comment by President Donald Trump that the

U.S. hasn’t agreed to fully roll back tariffs with China.

Top Court to Rule on India’s Most Polarizing Religious Dispute

(Bloomberg) -- India’s top court will deliver a landmark verdict Saturday on a centuries-old religious dispute that remains at the

heart of the South Asian nation’s most politically divisive row.

Rupee Declines Most in Asia as Moody’s Cuts India Rating Outlook

NEW DELHI, Nov 1 (Reuters) - India's unemployment rate in October rose to 8.5%, the highest since August 2016, and up from

7.2% in September, according to data released by the.

Business News:-

Airtel, Vodafone Idea to announce Q2 results on Nov 14

Bharti Airtel had, last month, told the exchange that it has deferred the September quarter result announcement till November

14, due to the adjusted gross revenue (AGR) issue.

Crisil reports marginal fall in Q2 net profit to Rs 248.6 cr

Its consolidated total income for the quarter ended September 30, was Rs 479.4 crore as compared to Rs 454.2 crore in the year-

ago period.

Century Plyboards Q2 net profit rises 38%

Its net revenue from operations for the quarter under review stood at Rs 589.35 crore, up by 4.4 percent from Rs 564.44 crore in

the corresponding period of the last fiscal.

US may postpone China tariffs due in December: Trump adviser

"What is on the table is tariffs coming in December, December 15," Peter Navarro told NPR radio.

Economy News:-

Slump in economic growth has bottomed out: Top govt official

India's economic growth in April-June hit a six-year low of 5 percent and there were signs that expansion may not have picked up

substantially in the subsequent quarter. But with the onset of festival season in October, there are signs of a revival.

Forex reserves soar $3.5 billion to new lifetime high of $446.09 billion

The increase in reserves in the reporting week was mainly on account of a jump in foreign currency assets (FCA), a major

component of the overall reserves.

RBI raises limit for borrowing from MFIs

The limit has been increased after taking into consideration the important role played by microfinance institutions (MFIs) in

delivering credit to those in the bottom of the economic pyramid and to enable them play their assigned role in a growing

economy, it said the recent PMC Bank crisis that affected lakhs of depositors.

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Weekly Indices

INDEX OPEN CLOSE % CHANGE

NIFTY 11643.95 11890.60 +0.14

BANKNIFTY 30415.90 30749.40 +1.36

Daily Top Gainers Nifty 50

SYMBOL PREV. CLOSE CMP % CHANGE ONGC 128.10 129.35 + 0.98 WIPRO 235.85 238.05 + 0.93 TCS 2060.25 2078 + 0.86 INFY 785.60 792.30 + 0.85 TECHM 702.50 707.40 + 0.7

Daily Top Losers Nifty 50

SYMBOL PREV. CLOSE CMP % CHANGE

ZEEL 251.55 235.40 -6.42 GRASIM 679.65 651.05 -4.21 ULTRACEMCO 4146.80 3979.60 -4.03 JSWSTEEL 221.55 213 -3.86 TITAN 1295.50 1250.70 -3.46

FII Activity In (crores)

DATE GROSS PURCHASE GROSS SALES NET PURCHASE/SALES

Month till date 39,031.98 34,629.48 4,402.50 8 NOVEMBER 2019 6,432.37 5,500.17 932.20 7 NOVEMBER 2019 6,377.16 5,450.56 926.60 6 NOVEMBER 2019 5,903.74 4,892.25 1,011.49

5 NOVEMBER 2019 5,551.26 5,078.09 473.17 4 NOVEMBER 2019 4,625.98 4,764.51 -138.53

DII Activity In (crores)

DATE GROSS PURCHASE GROSS SALES NET PURCHASE/SALES

Month till date 24,551.27 29,364.10 -4,812.83

8 NOVEMBER 2019 3,840.39 4,424.87 -584.48 7 NOVEMBER 2019 3,818.14 4,453.73 -635.59 6 NOVEMBER 2019 3,561.07 4,678.32 -1,117.25 5 NOVEMBER 2019 3,163.93 4,757.64 -1,593.71 4 NOVEMBER 2019 3,297.77 3,798.01 -500.24

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NIFTY

Support & Resistance

S3 S2 S1 NIFTY R1 R2 R3 11490.75 11694.85 11850.25 11908.15 12034.15 12103.05 12270.45

Overview:-

On weekly chart Nifty form Spinning Top candlestick pattern bearish indication for index indicating trend

reversal index trading above 20 DSMA indicating bullish trend test the upper band of Bollinger short

down correction expected in Nifty for next week trading session. Nifty start week opening with

11,928.90 and made high 12,034.15 and given weekly low at 11,850.25 levels. (RSI IS TRADING ABOVE 50

LEVEL INDICATING UP TREND AND CANDLE PATTERN INDICATING BEARISH REVERSAL MACD ALSO GIVEN

POSITIVE CROSSOVER TREND WISE NIFTY IS IN UP TREND.) From here nifty is taking strong support

11,850 level breakout of this level we see nifty down side 11,600-11,500 levels or take support from

here and start trade upper level we see 12,000 – 12,200 levels.

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BANKNIFTY

Support & Resistance

S3 S2 S1 BANKNIFTY R1 R2 R3 29760 30060.50 30200 30759 31100 31380 31815.45

Overview:-

Bank nifty gave its weekly opening at 30,415.90 levels made it weekly top at 31,108.40 levels and closes

30,749.40 levels. On weekly chart Bank Nifty form SPINNING TOP PATTERN up trend end indication of

trend reversal but trend wise index is in up trend traders should wait for confermation before enter to

market.( RSI IS TRADING above 50 LEVEL INDICATING UP TREND MACD ALSO GIVEN POSITIVE

CROSSOVER BULLISH INDICATION VOLUME BAR SHOWING INCREASED FROM PREVOIUS WEEK BULLISH

FOR BANKNIFTY ) Bank nifty is having strong support 30,220.70 level any violation of this level see

further down fall 29,500-29,000 levels and if start trade up word above 30,800 we see 31,300 - 32,000

levels.

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STOCK VIEW FOR SHORT TERM

EQUITY CASH:-

BUY JSWSTEEL B/W 248 – 250 TGT 265 – 280 – 300 STOPLOSS(HOLDING PERIOD 1-3 WEEK)

REASON – IN WEEKLY CHART WE SEE STOCK GIVEN BREAKOUT OF DONNLE BOTTOM PATTERN END OF DOWN TREND

INDICATION OF BULLISH REVERSAL RSI IS ABOVE 50 LEVEL AND MACD GIVEN POSITIVE CROSSOVER SHOWING UP TREND

IN STOCK RECOMMEND BUY.

EQUITY FUTURE:-

SELL RELIANCE FUTURE 28 NOV B/W 1437 – 1440 TGT 1420 – 1400 – 1370 STOPLOSS 1480 (HOLDING PERIOD 1-2 WEEK)

REASON – IN WEEKLY CHART STOCK FORM BEARISH ENGULFING PATTERN END OF UP TREND INDICATION OF BEARISH

REVERSAL RSI GIVEN NEGATIVE CROSSOVER BELOW 70 LINE INDICATING DOWN TREND RECOMMEND SELL.

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