Equity Weekly report 20 march to 24 march 2017

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COMMODITY WEEKLY REPORT 9 TO 13 JAN. 2017 EQUITY WEEKLY REPORT 20 MAR.TO 24 MAR. 2017

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INDIAN MARKET WEEKLY OUTLOOK

INDIAN INDICES WEEKLY

INDICES CLOSE CHANGE (%)

NIFTY 50 8740.95 1.15

SENSEX 30 28240.52 1.28

NIFTY 500 6650.10 -10.8

NIFTY BANK 20196.80 2.48

NIFTY IT 10025.80 -1.53

NIFTY MIDCAP 16.035.20 2.52

NIFTY NEXT 50 23943.15 1.8

INDIAN SECTORIAL INDICES WEEKLY


NIFTY PHARMA 10555 1.81

NIFTY AUTO 9975.10 -0.39

NIFTY METAL 3128.70 0.61

NIFTY FMCG 22645.15 3.88

NIFTY INFRA 2930.20 2.01

NIFTY WEEKLY TOP GAINERS

SCRIPT CLOSE CHANGE (%)

IDEA CELLULAR 109.45 40.32

BANK OF BARODA 186.45 11.18

BHARTI AIRTEL 353.80 9.28

ITC 273.05 6.08

DR. REDDYS LAB 3144.55 5.01

GLOBAL INDICES WEEKLY


NASDAQ 5666.77 0.10

CAC 40 4825.42 -0.30

DAX 11651.49 -1.38

FTSE 100 7188.30 0.05

NIKKEI 18918.20 -2.82

HANG SENG 23129.21 -0.99

SHANGHAI COM. 3140.65 -0.58

INDIAN CURRENCY WEEKLY

CURRENCY CLOSE CHANGE (%)

USD-INR 67.32 1.04

EUR-INR 72.61 0.79

GBP-INR 84.21 0.477

JPY-INR 59.69 0.91

USD INDEX 100.56 -0.86

NIFTY WEEKLY TOP LOSERS


DR.REDDYS LAB 2976.05 -5.36

HINDALCO 191.75 -5.06

CIPLA -4.05

TATA MOTORS 522.60 -3.57

NTPC 171.95 -3.13



NIFTY 50 8793.55 0.6

SENSEX 30 28334.25 0.33

NIFTY 500 7631.25 14.75

NIFTY BANK 20213.90 0.08

NIFTY IT 10387.85 3.61

NIFTY MIDCAP 16227.70 1.2

NIFTY NEXT 50 24201.85 1.08



NIFTY PHARMA 10542.60 -0.12

NIFTY AUTO 10028.05 0.53

NIFTY METAL 3084.65 -1.40

NIFTY FMCG 22874.95 1.01




BHEL 158.00 10.72

TCS 2397.95 7.41

GRASIM INDUST. 1011.10 7.07

BHARTI INFRATEL 317.05 5.74

ZEE ENTERTAIN. 518.05 4.48

INDIAN MARKET WEEKLY OUTLOOK



NIFTY 50 9160.05 2.52

SENSEX 30 28946.23 0.18

NIFTY 500 7933.10 19.29

NIFTY BANK 21175.05 2.15

NIFTY IT 10900.75 1.40

NIFTY MIDCAP 16901.70 3.74

NIFTY NEXT 50 24914.80 3.62



NIFTY PHARMA 10674.95 1.97

NIFTY AUTO 10009.40 2.35

NIFTY METAL 3127.50 3.05

NIFTY FMCG 23491.25 5.14




ADANI PORTS 325.40 8.14

BHEL 168.65 7.08

TATA STEEL 469.45 6.98

ITC 281.25 6.15

HDFC 1451.20 5.81

GLOBAL INDICES WEEKLY


NASDAQ 5901.00 0.67

CAC 40 5029.24 0.71

DAX 12095.24 1.10

FTSE 100 7424.96 1.11

NIKKEI 19521.59 -0.42

HANG SENG 24309.93 3.14

SHANGHAI COM. 3237.31 0.77

INDIAN CURRENCY WEEKLY

CURRENCY CLOSE CHANGE (%)

USD-INR 65.57 -1.72

EUR-INR 70.50 -0.50

GBP-INR 81.09 -0.13

JPY-INR 57.96 0.12

USD INDEX 100.14 -1.22

NIFTY WEEKLY TOP LOSERS


COAL INDAI 289.25 -9.07

BHARTI AIRTEL 346.85 -3.71

GAIL INDIA 375.15 -1.08

TECH MAHINDRA 484.25 -0.96

POWER GRID COR 194.00 -0.01


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FUNDAMENTAL VIEW:-

BJP's landslide victory in Uttar Pradesh, US Fed's less hawkish tone and an update on Goods and Services

Tax (GST) pushed the Nifty 50 index to its fresh lifetime high . Shares of consumer goods rallied after the

Goods and Services Tax (GST) Council cleared five draft Bills, paving the way for a new indirect tax re-

gime. In the absence of major domestic and global cues, the investors will track the developments on

the GST Bill. “For the week ahead market will look for more cues on GST rates which is expected to see

stock or sector specific actions .

TECHNICAL VIEW:-

NIFTY 50 ended the week on positive note gaining around 2.52% and close at 9160.05 with bullish can-

dlestick. The index made a weekly high of 9218.40 and a low of 9060.50 . But in the last session bears

took the control and the index closed with losses. Nifty has created small gaps because of gap up openings

and RSI is showing it on overbought zone. So it may be anticipated that the index will see some lower lev-

el to fill the gaps. So we advise you to but Nifty on some dips around 9050 for the targets of around 9200

and 9300 with strict stop loss of 8900.

WEEKLY SUPPORT & RESISTANCE:-

NIFTY WEEKLY OUTLOOK

NIFTY WEEKLY

CLOSE 9160.05

OPEN 9091.65

HIGH 9218.40

LOW 9060.50

CHANGE 225.5

% CHANGE 2.52

SYMBOL S1 S2 S3 PIVOT

POINT

R1 R2 R3

NIFTY 9074.2 8988.4 8916.3 9146.3 9232.1 9304.2 9390

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FUNDAMENTAL VIEW:-

Market sentiment has been bolstered as Prime Minister Narendra Modi's Bharatiya Janata Party (BJP)

won the key state elections in Uttar Pradesh, and after the Federal Reserve stuck to its planned tightening

pace this year ."The implementation of GST will benefit .Finance Minister Arun Jaitley said on Wednesday

that the rate of rise in banks' non-performing assets or NPAs has slowed down in the March quarter and

the steel sector has started showing signs of improvement.

TECHNICAL VIEW:-

NIFTY BANK ended the week on positive note gaining around 2.15%. The index made a high of 31336.05

and low of 21059.70 in the week. BANKNIFTY like Nifty has touched a new high and came down to close

with some bearish indications. The index in last trading session saw hedge losses and close with an

"Engulfing Bear" candlestick on daily charts. on weekly charts also after eating all gains it has prepared a

Doji on high. So it is advised buy it only when it almost fill the gap and sustains above 21050 for the tar-

gets of 21300 and 21600 with stop loss of 20700.

WEEKLY SUPPORT & RESISTANCE:-

NIFTYBANK WEEKLY OUTLOOK

SYMBOL S1 S2 S3 PIVOT

POINT

R1 R2 R3

NIFTYBANK 21044.5 20913.9 20768.1 21190.3 21320.8 21466.6 21597.2

NIFTYBANKWEEKLY

CLOSE 21175.05

OPEN 21189.85

HIGH 21336.05

LOW 21059.70

CHANGE 447.5

% CHANGE 2.15


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OUR WEEKLY RECOMMENDATIONS (FUTURES)

INDIA CEMENTS (30-Mrach-2017):-

INDIA CEMENTS FUTURE (30-Mrach-2017) is looking absolutely bearish on weekly and daily

charts, it has a "Double Top" formation not with a breakout but on a way to and with a perfect

closings from last two weeks. It may find the next support around 152 level. For now it has an

"Engulfing Bear" candlestick on top on daily charts. RSI is also signaling a complete sell. So it is

advised to sell below 159, only If it breaks the level and sustains below it for the targets of 156 and

153 with a strict stop loss of 163.

TATA ELXSI (30-March-2017):-

TATA ELXSI (30-Mar-2017) has spurt in volume in last trading session and closed with bullish

signals on both daily and weekly charts. The weekly closing suggests that it may soon break the re-

sistance of 1540 because it is already sustaining above 38.2% level of Fibonacci. RSI is also suggest-

ing a strong buy. So we advise to buy it above 1530 for the targets of 1560 and 1590 with strict stop

loss of 1490

SYMBOL TATA

ELXSI

SEGMENT FUTURE

BUY 1530

TG1 1560

TG2 1590

SL 1490

SYMBOL INDIA CE-

MENTS

SEGMENT FUTURE

SELL 159

TG1 156

TG2 153

SL 163


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OUR WEEKLY RECOMMENDATIONS (CASH)

M&M FINANCIALS :-

M&M FINANCIALS is looking good buy for this week, as even after breaking the immediate sup-

port, it will go upside . On RSI and MACD chart is moving upside . chart is showing uptrend after

breakout.

Buy M&M FINANCIALS above 312 for the targets of 325 and 345 maintain stop loss around 300.

TVS MOTORS :-

TVS MOTORS is good on chart and is showing upside trend with good volumes . On RSI and

MACD is looking upside move after breakout.

Buy TVS MOTORS above 443 keeping first target around 458 and final target around 480 , main-

taining a stop loss below 425.

SYMBOL TVS MO-

TORS

SEGMENT CASH

BUY 443

TG1 458

TG2 480

SL 425

SYMBOL M&M FI-

NANCE

SEGMENT CASH

BUY 312

TG1 325

TG2 345

SL 300


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STATUS OF OUR LAST WEEKLY RECOMMENDATIONS

SYMBOL MARUTI SUZUKI

SEGMENT CASH

ENTRY 5980

TG1 6200

TG2 6500

SL 5700

ACHIVED 6200and High is

6217

SYMBOL TIMKEN INDIA

SEGMENT CASH

ENTRY 670

TG1 710

TG2 760

SL 645

ACHIVED 645 and Low is

602

SYMBOL INDIA BULLS REAL ESTATE

SEGMENT Future

ENTRY 78.30

TG1 76.50

TG2 74

SL 79.50

ACHIVED 74 and High is

74.95

SYMBOL ACC

SEGMENT Future

ENTRY 1420

TG1 1455

TG2 1500

SL 1360

ACHIVED 1455 and High is

1473

STATUS OF OUR LAST WEEKLY RECOMMENDATIONS

SYMBOL TVS MOTOR

SEGMENT CASH

BUY 430

TG1 440

TG2 450

SL 416

ACHIVED 1 ST Target High

Is 445.65

SYMBOL RAJESH EXPORTS

SEGMENT CASH

BUY 546

TG1 556

TG2 570

SL 534


Is 564.95

SYMBOL VEDL

SEGMENT FUTURE

SELL 262

TG1 256

TG2 250

SL 271


Is 251.65

SYMBOL HINDALCO

SEGMENT FUTURE

SELL 196

TG1 191.5

TG2 187

SL 202.6

ACHIVED 1 ST Target High Is

189.10


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STOCKS IN NEWS

TECH MAHINDRA -

IT major Tech Mahindra and Huawei on Friday signed a global partnership agreement under which Tech Mahindra will market Huawei's enterprise products and services across 44 countries, including in India. The alliance would also involve launching a joint go-to-market (GTM) strategy, thus giving a boost to the competitiveness of both companies in the global marketplace, by leverag-ing each other's core strengths. "This partnership enables us to implement our unique solutions along with Huawei's innovations and latest ICT infrastructure to bring faster ROI for our customers," Manoj Chugh, President, Enterprise Business at Tech Mahindra, said in a statement. .

KOTAK MAHINDRABANK :-

Kotak Mahindra Bank today said it will seek shareholders' approval to raise foreign investment limit to up to 49 per cent from existing 42 per cent.The board of directors' meeting held today granted consent to seek approval of shareholders to increase ceil-ing on total shareholding of FIIs/FPIs to up to 49 per cent of the paid up capital, the bank said in a BSE filing. Earlier this month, Kotak Mahindra Bank raised investment limit by foreign institutional investors(FIIs)/foreign portfolio inves-tors (FPIs) to 42 per cent from 40 per cent previously. Foreign investors are allowed to invest up to 74 per cent in an Indian private sector bank through direct or portfolio investment. .

ADANI GROUP:-

Adani group on Friday said Queensland premier Annastacia Palaszczuk has reaffirmed her government's committment to the $16.5 billion Carmichael mine project in the Australian province.. "Adani Group, a global integrated infrastructure conglomerate, today hosted a high-level delegation led by Annastacia Palaszczuk, Premier of Queensland, Australia, at Mundra Port who reaf-firmed Queensland government's commitment to the $16.5 billion Carmichael mine project," the group said in a statement. The statement came a day after cricket legends Ian and Greg Chappell and few other prominent Australians urging Adani Group Chairman Gautam Adani to abandon the mine project. The group, however, rejected the demand and said it was "motivated" by a very small group of "misled" people. .

TORRENT POWER :-

Torrent Power on Friday said its shareholders have approved a proposal to raise up to Rs 1,500 crore through issuance of secured,

redeemable, non-convertible debentures (NCDs).

"The special resolution to approve issuance of Secured, Redeemable, Non-Convertible Debentures (NCDs) not exceeding Rs 1,500

crore at par, on a private placement basis within the overall borrowing limits of the company has been approved by the majority

vote," Torrent Power said in a BSE filing on Friday. .

RELIANCE CAPITAL :-

Reliance Capital is eyeing large capital gains from sale of non-core investments by March next year and its Executive Director

Anmol Ambani has favoured a 'digital transformation' to serve new-age customers.

"India and China are the largest digital markets in the world, and Reliance Capital intends to 'go digital' in all its businesses to

serve the new age customers," Anmol said while addressing analysts along with his father and chairman Anil Ambani on business

plans of Reliance Capital.

SUN PHARMACEUTICAL -

Sun Pharmaceutical Industries today said an indirect arm of its group firm Taro will fully acquire Canada's Thallion Pharmaceuti-cals for 2.7 million Canadian dollar. Taro Pharmaceuticals Inc (Canada) has entered into an agreement to acquire all of the issued and outstanding shares of Thallion Pharmaceuticals, a Canadian pharmaceutical corporation, Sun Pharma said in a regulatory fil-ing. The cost of all-cash acquisition will be Canadian dollar 2.3 million with an additional amount of Canadian dollar 0.4 million due at the completion of an additional pre-clinical animal study or April 1, 2019, it added .

JET AIRWAYS :-

As competition among airlines in the Indian market takes a new turn, Jet Airways is offering flyers "guaranteed JPMiles" and a chance to win daily prizes of 100,000 JPMiles on every flight under 'The Billion Miles Festival'. This special scheme is applicable on bookings made on Jet Airways' website or mobile app before March 31, 2017 for travel up to May 31, 2017, the airline - which competes with the likes of Air India, IndiGo, SpiceJet and AirAsia in the domestic market - said on its website. Terming its scheme a "big opportunity", Jet Airways said a million JPMiles is "equal to redeeming 10 return trips between Mumbai and Lon-don or 100 return trips between Mumbai and Goa, simply using your JPMiles".

http://profit.ndtv.com/news/corporates/article-cricket-legends-chappell-brothers-ask-adani-to-abandon-australian-project-1670191

http://www.business-standard.com/search?type=news&q=Torrent+Power

http://www.business-standard.com/search?type=news&q=Torrent+Power

http://profit.ndtv.com/news/industries/article-air-india-announces-esupersaver-multi-user-scheme-10-things-to-know-1670085


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NIFTY STOCKS WEEKLY PIVOT TABLE

SYMBOL WEEK

CLOSE

SUPPORT ZONE PIVOT

POINT

RESISTANCE ZONE

SUP.3 SUP.2 SUP.1 RES.1 RES.2 RES.3

NIFTY 50 9160.1 9061.5 9104.6 9132.3 9175.4 9203.1 9246.2 9273.9

ITC 280.3 263.0 269.9 275.1 282.0 287.2 294.1 299.3

HCLTECH 866.1 837.7 845.4 855.7 863.4 873.7 881.4 891.7

INFY 1039 1000.9 1010.1 1024.5 1033.7 1048.2 1057.4 1071.8

EICHERMOT 24750 23937.6 24115.2 24432.6 24610.3 24927.7 25105.3 25422.7

TECHM 484.6 454.9 462.1 473.4 480.6 491.8 499.0 510.3

HDFCBANK 1426.5 1402.4 1407.6 1417.1 1422.3 1431.7 1436.9 1446.4

WIPRO 503.5 491.3 495.1 499.3 503.2 507.4 511.2 515.4

MARUTI 6191 6074.9 6112.5 6151.7 6189.3 6228.5 6266.1 6305.3

TCS 2532.2 2476.4 2493.1 2512.6 2529.3 2548.9 2565.6 2585.1

INDUSINDBK 1382.1 1341.1 1354.8 1368.4 1382.2 1395.8 1409.5 1423.1

TATASTEEL 501.5 486.2 492.1 496.8 502.8 507.5 513.4 518.1

AXISBANK 515.5 504.5 508.1 511.8 515.4 519.1 522.7 526.4

RELIANCE 1300.6 1270.5 1284.3 1292.4 1306.2 1314.3 1328.1 1336.2

INFRATEL 310.9 300.6 303.1 307.0 309.6 313.5 316.0 319.9

HEROMOTOCO 3349.9 3306.4 3324.8 3337.3 3355.7 3368.2 3386.6 3399.1

LUPIN 1455 1423.0 1437.6 1446.3 1460.9 1469.6 1484.2 1492.9

KOTAKBANK 851 832.3 837.4 844.2 849.3 856.1 861.2 868.0

TATAPOWER 86.2 84.0 84.9 85.5 86.4 87.0 87.9 88.5

AUROPHARMA 687 661.8 669.7 678.3 686.2 694.8 702.7 711.3

BHEL 168.5 160.0 163.0 165.7 168.7 171.5 174.5 177.2

ADANIPORTS 324.9 313.5 317.4 321.1 325.0 328.7 332.6 336.3

HDFC 1446.2 1417.3 1428.0 1437.1 1447.8 1456.9 1467.6 1476.7

ULTRACEMCO 4040 3959.5 3989.0 4014.5 4044.0 4069.5 4099.0 4124.5

SUNPHARMA 707.5 686.5 694.2 700.9 708.6 715.3 723.0 729.7

AMBUJACEM 234.2 227.3 229.5 231.9 234.1 236.5 238.7 241.1

HINDUNILVR 901 886.0 893.0 897.0 904.0 908.0 915.0 919.0

CIPLA 597.7 582.9 588.6 593.1 598.8 603.4 609.1 613.6

BOSCHLTD 22784 22256.1 22448.0 22616.0 22808.0 22976.0 23167.9 23335.9

ASIANPAINT 1080.6 1055.8 1065.4 1073.0 1082.6 1090.2 1099.8 1107.4

DRREDDY 2733 2691.3 2707.7 2720.3 2736.7 2749.3 2765.7 2778.3

GRASIM 1043 1005.9 1018.0 1030.5 1042.7 1055.2 1067.3 1079.8

BAJAJ-AUTO 2908.8 2824.5 2857.3 2883.0 2915.9 2941.6 2974.4 3000.1

POWERGRID 193.3 188.0 190.6 191.9 194.5 195.8 198.4 199.7

ACC 1408.5 1373.9 1388.6 1398.5 1413.2 1423.1 1437.8 1447.7

GAIL 375 365.0 369.0 372.0 376.0 379.0 383.0 386.0

TATAMOTORS 476 457.9 464.8 470.4 477.3 482.9 489.8 495.4

ONGC 189.8 185.8 187.6 188.7 190.6 191.7 193.5 194.6

BPCL 640.7 623.9 631.0 635.8 642.9 647.8 654.9 659.7

COALINDIA 288.7 280.0 284.1 286.4 290.5 292.8 296.9 299.2

ZEEL 519 501.6 508.4 513.7 520.6 525.9 532.7 538.0

HINDALCO 196.3 188.2 191.4 193.9 197.1 199.6 202.8 205.3

YESBANK 1508.8 1458.3 1480.9 1494.8 1517.4 1531.3 1553.9 1567.8

M&M 1303.7 1259.9 1279.9 1291.8 1311.9 1323.8 1343.8 1355.7

LT 1550.5 1510.1 1527.1 1538.8 1555.9 1567.6 1584.6 1596.3

ICICIBANK 280.6 270.9 275.3 277.9 282.3 285.0 289.4 292.0

NTPC 158.9 154.7 156.7 157.8 159.8 160.9 162.9 164.0

SBIN 274 265.8 269.7 271.8 275.7 277.8 281.7 283.8

TATAMTRDVR 287 273.7 279.1 283.1 288.5 292.5 297.9 301.9

BANKBARODA 164.9 158.3 161.4 163.1 166.2 167.9 171.0 172.7

BHARTIARTL 344.6 319.1 331.5 338.1 350.5 357.1 369.5 376.1


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Equity Weekly report 20 march to 24 march 2017

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Transcript of Equity Weekly report 20 march to 24 march 2017