EQUITY Weekly report 27 feb to 3 feb 2017

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COMMODITY WEEKLY REPORT 9 TO 13 JAN. 2017 EQUITY WEEKLY REPORT 27 FEB. TO 3 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 8939.50 1.33

SENSEX 30 28892.97 1.49

NIFTY 500 7729.65 1.29

NIFTY BANK 20876.65 1.58

NIFTY IT 10689.65 1.54

NIFTY MIDCAP 16357.65 1.16

NIFTY NEXT 50 24376.85 0.51



NIFTY PHARMA 10672.15 0.59

NIFTY AUTO 9761.75 0.80

NIFTY METAL 3120.25 2.18

NIFTY FMCG 22445.80 -0.049




RBL BANK 456.90 6.95

IDEA CELLULAR 119.60 6.22

CROMPT. GREAVES 200.20 5.93

JINDAL STEEL 116.60 5.76

NATCO PHARMA 810.25 4.51

GLOBAL INDICES WEEKLY


NASDAQ 5845.31 0.11

CAC 40 4845.24 -0.46

DAX 11804.03 0.39

FTSE 100 7243.70 -0.77

NIKKEI 19283.54 0.25

HANG SENG 23965.70 -0.28

SHANGHAI COM. 3253.03 1.59

INDIAN CURRENCY WEEKLY

CURRENCY CLOSE CHANGE (%)

USD-INR 67.08 -0.01

EUR-INR 70.87 -0.84

GBP-INR 83.62 0.39

JPY-INR 59.36 -0.21

USD INDEX 101.12 0.22

NIFTY WEEKLY TOP LOSERS


BHARTI INFRATEL 297.90 -6.69

HINDALCO 182.10 -3.01

NTPC 170.30 -2.82

EICHER MOTORS 24877.70 -1.79

AMBUJA CEMENT 232.00 -1.55


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FUNDAMENTAL VIEW:-

The market closed higher and break the level of 8900 last week .On the economic data front, the govern-

ment will announce third quarter GDP numbers on February 28, which will be important to watch out for

as the full impact of demonetization will be seen in that quarter. On global front, "US President Donald

Trump is likely to announce its tax plan in the next few weeks. Auto, Media , Telecom , Banking sectors

news will effect the market . Results of election of UP and Auto sales data for the month of February

will be announced next week; hence, auto stocks will also be closely watched, especially after waning of

demonetization impact.

TECHNICAL VIEW:-

NIFTY 50 ended the week on a positive sign and close at 8939.50. The index made a weekly high of

8982.15 and a low of 8809.80 . Immediate resistance for Nifty 50 lies around 8950 level and strong re-

sistance lies around 9100 level. Immediate support lies around 8840 level and strong support around 8700

level. Broad range for Nifty 50 in the week can be seen between levels of 8700 and 9100.

WEEKLY SUPPORT & RESISTANCE:-

NIFTY WEEKLY OUTLOOK

NIFTY WEEKLY

CLOSE 8939.50

OPEN 8818.55

HIGH 8982.15

LOW 8809.80

CHANGE 117.8

% CHANGE 1.33

SYMBOL S1 S2 S3 PIVOT

POINT

R1 R2 R3

NIFTY 8838.8 8738.1 8666.5 8910.5 9011.2 9082.8 9183.5


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FUNDAMENTAL VIEW:-

Banking sector continued to outperform with Axis Bank ending 4.84 per cent higher while Yes Bank,

HDFC and ICICI Bank gaining between 0.8-1.5 per cent each. Upcoming GDP data also affect to the mar-

ket . Towards the end of next week (on Friday), the market may turn cautious ahead of GST Council meet

that will be held on March 4 and 5.

TECHNICAL VIEW:-

NIFTY BANK ended the week on positive side and close at 20876.65 .The index made a high of

21011.90 and low of 20472.40 in the week. Immediate support for Nifty Bank lies around 20700 level

while strong support lies around 20300 level. Immediate resistance for Nifty Bank lies around 21000 level

while strong resistance lies around 21500 levels. Broad range for Nifty Bank in the week can be seen be-

tween levels of 20300 downside and 21400 on upside.

WEEKLY SUPPORT & RESISTANCE:-

NIFTYBANK WEEKLY OUTLOOK

SYMBOL S1 S2 S3 PIVOT

POINT

R1 R2 R3

NIFTYBANK 20562.1 20247.5 20022.6 20787 21101.6 21326.5 21641.1

NIFTYBANKWEEKLY

CLOSE 20876.65

OPEN 20494.85

HIGH 21011.90

LOW 20472.40

CHANGE 325.30

% CHANGE 1.58


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OUR WEEKLY RECOMMENDATIONS (FUTURES)

IDEA (30-Mrach-2017):-

IDEA FUTURE (30-Mrach-2017) looks a positive on RSI and MACD. The stock future is moving in up-

trend and strong OI . Support for IDEA FUTURE lies at 114 level while resistance lies at 126 level .

Buy IDEA FUTURE (30-March-2017) after breakout above 120 keeping first target around 126 and final

target aground 134 , maintaining a stop loss below 114.

ULTRA TECH CEMENT LTD (30-March-2017):-

ULTRA TECH CEMENT LTD (30-Mar-2017) shows positive sign on charts. This stock is looking upside

on RSI and MACD . Support for the stock lies at 3750 level of . Resistance for the stock lies at 3900 levels.

Buy ULTRA TECH CEMENT LTD (30-Mar-2017) above 3810 keeping first target around 3900 and sec-

ond target around 4000 level, maintaining a stop loss below 3750.

SYMBOL ULTRA

CEM

SEGMENT FUTURE

BUY 3810

TG1 3900

TG2 4000

SL 3750

SYMBOL IDEA

SEGMENT FUTURE

BUY 120

TG1 126

TG2 134

SL 114


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OUR WEEKLY RECOMMENDATIONS (CASH)

NILKAMAL :-

NILKAMAL Is showing upside trend on chart. After breakout the stock has potential for a fresh rally and

volumes is supporting. On RSI and MACD looks positive . Support for stock lies at 1800 level while Re-

sistance lies at 1960 level.

Buy NILKAMAL above 1860 keeping first target around 1960 and final target around 2100, maintaining a

stop loss below 1800.

AVANTI FEED :-

AVANTI FEED looks positive on chart and has seen a strong rise with volume. After breakout it will go

upside and positive on RSI. Support for the stock lies at level of 650 and resistance at 720 level.

Buy AVANTI FEED above 680 keeping first target around 720 and final target around 770 , maintaining a

stop loss below 650.

SYMBOL AVANTI

FEED

SEGMENT CASH

BUY 680

TG1 720

TG2 770

SL 650

SYMBOL NILKAMAL

SEGMENT CASH

BUY 1860

TG1 1960

TG2 2100

SL 1800


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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


1473

STATUS OF OUR LAST WEEKLY RECOMMENDATIONS

SYMBOL SRF

SEGMENT CASH

BUY 1600

TG1 1660

TG2 1730

SL 1550

ACHIVED High is 1618.55

SYMBOL KELLTONTECH

SEGMENT CASH

BUY 139

TG1 147

TG2 159

SL 131

ACHIVED 147 and High

149.50

SYMBOL TATA MOTOR

SEGMENT FUTURE

BUY 452

TG1 475

TG2 500

SL 435

ACHIVED High is 466.40

SYMBOL JUST DIAL

SEGMENT FUTURE

BUY 460

TG1 480

TG2 510

SL 440


545.40


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STOCKS IN NEWS

HINDUSTAN UNILEVER :-

Unilever said the shock of Kraft Heinz's opportunistic approach had jolted it to re-examine its strategy, and all aspects of the con-sumer goods giant's business were up for review to increase shareholder value. . It certainly was a trigger moment for Unilever, and we will not waste it," he said at the CAGNY conference in New York in a presentation streamed on its website. Unilever an-nounced a far-reaching review on Wednesday, seeking to show shareholders it could realise the value in the business spotted by its rival.

VODAFONE :- In a step to maintain secrecy of one's mobile phone number getting exposed to retailers for possible misuse, Vodafone on Wednes-day introduced its Private Recharge Mode for its subscribers in West Bengal. Vodafone Private Recharge Mode (PRM)- a free of cost service for West Bengal subscribers, enables users to recharge their mo-bile phones, without sharing their mobile numbers with retailers.

ONGC :-

Oil and Natural Gas Corp, India's top oil and gas explorer, will invest Rs. 7,337 crore ($1.10 billion) in five fields to produce about 15 million tonnes of oil and about 3 billion cubic metres (BCM) of gas, it said on Thursday. India wants to boost its local output to cut dependence on imports from the current 77 per cent. Most of this investment would go into developing the R-Series fields, off India's west coast, that can produce 8.39 million tonnes of oil and 1.696 BCM of gas.

JET AIRWAYS :-

Jet Airways on Thursday announced a reciprocal code-sharing partnership with Hong Kong Airlines, which will enable Indian fliers to travel seamlessly to New Zealand, Japan, Indonesia, Vietnam and Thailand.As part of the pact, private sector carrier Jet Airways will place its marketing code "9W" on Hong Kong Airlines' flights operating between Hong Kong and Okinawa and To-kyo in Japan, Denpasar in Indonesia, Hanoi in Vietnam, Bangkok in Thailand and Auckland in New Zealand.

BHARTI AIRTEL :-

Acquisition of Telenor's business will increase Bharti Airtel's revenue market share by two percentage points to 35 per cent and will add up to $60 million to its pre-tax profits, international ratings agency Fitch said today.The agreement announced today "is the latest sign that the entry of aggressive new operator Reliance Jio is spurring incumbents to consolidate to better meet the in-tense competition and weaker telcos to exit altogether", it said. Bharti Airtel today said it has "entered into a definitive agreement with Telenor South Asia Investments Pte Ltd to acquire Telenor (India) Communications Private Limited" for an undisclosed sum in all seven circles where it holds spectrum.

BEL -

The government today raised Rs. over 1,600 crore from its 5 per cent stake sale in Bharat Electronics Ltd (BEL) after retail inves-tors bid more than 3.6 times the shares offered to them. Retail investors bid for over 81.87 lakh shares, or 3.67 times, of the 22.33 lakh shares on offer, as per NSE data. The government currently holds 74.41 per cent in BEL.Earlier this fiscal, the government had raised about Rs. 1,800 crore through share buyback of BEL.

RELIANCE INDUSTRIES :-

Reliance Jio on Tuesday announced a new Prime membership offer, though it will charge a nominal price for its services from April 1. The new Reliance Jio Prime plan continues the unlimited benefits that Reliance Jio has offered since its launch. Reliance Industries chairman Mukesh Ambani announced that Jio has crossed the 100 million customer base mark in 170 days of its launch. Under the Prime offer, existing Jio customers get a one-year extension of current unlimited data benefits, beginning April 2017, at a one-time enrolment fee of Rs. 99 and "a rock-bottom introductory price of only Rs. 303 per month".

TATA MOTORS :-

N Chandrasekaran on Tuesday chaired his first board meeting as the new chief of Tata Sons, the holding company of the $100-billion Tata group. Mr Chandrasekaran, widely known as Chandra, took over as chairman, months after the firm ousted predeces-sor Cyrus Mistry in a bitter boardroom coup with family patriach Ratan Tata returning to the helm temporarily. A public spat between Tata Sons and Mr Mistry followed his removal in October last year and the two are now involved in a legal tussle.


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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 8926.9 8845.7 8875.5 8901.2 8931.0 8956.7 8986.5 9012.2

RELIANCE 1209.8 1011.0 1051.5 1130.7 1171.2 1250.3 1290.8 1370.0

IDEA 114 102.1 104.6 109.3 111.8 116.5 119.0 123.7

AXISBANK 524.2 491.7 499.8 512.0 520.0 532.2 540.3 552.5

ASIANPAINT 1020 968.8 981.4 1000.7 1013.2 1032.5 1045.1 1064.4

COALINDIA 328 313.3 316.9 322.5 326.1 331.6 335.2 340.8

INFRATEL 301.3 290.2 293.1 297.2 300.1 304.2 307.1 311.2

TATAMTRDVR 283.8 274.4 277.5 280.6 283.7 286.8 289.9 293.0

BOSCHLTD 22056.1 21022.7 21337.4 21696.7 22011.4 22370.8 22685.5 23044.8

BPCL 714 691.3 697.5 705.7 711.9 720.1 726.3 734.5

HEROMOTOCO 3164 3058.0 3084.0 3124.0 3150.0 3190.0 3216.0 3256.0

TECHM 510.9 498.0 500.8 505.8 508.6 513.6 516.4 521.4

HINDUNILVR 867.1 839.4 845.7 856.4 862.7 873.4 879.7 890.4

SBIN 271.7 264.0 266.8 269.2 272.0 274.4 277.2 279.6

ITC 264 257.1 259.4 261.7 264.0 266.3 268.6 270.9

TATAMOTORS 460 444.1 449.9 455.0 460.8 465.9 471.7 476.8

ICICIBANK 285.6 275.1 278.1 281.8 284.9 288.6 291.6 295.3

MARUTI 6071.1 5959.2 5999.6 6035.3 6075.7 6111.5 6151.9 6187.6

ULTRACEMCO 3774 3702.6 3729.3 3751.6 3778.3 3800.6 3827.3 3849.6

DRREDDY 2897 2852.4 2873.3 2885.2 2906.1 2917.9 2938.8 2950.7

INDUSINDBK 1331 1304.3 1313.1 1322.1 1330.9 1339.8 1348.6 1357.6

M&M 1311.3 1293.4 1298.9 1305.1 1310.5 1316.7 1322.2 1328.4

BAJAJ-AUTO 2798 2749.1 2763.1 2780.5 2794.5 2812.0 2826.0 2843.4

WIPRO 475 463.6 466.9 471.0 474.3 478.3 481.6 485.7

BHEL 154.2 148.7 151.3 152.7 155.3 156.7 159.3 160.7

KOTAKBANK 795.6 780.7 787.2 791.4 797.9 802.1 808.6 812.8

BHARTIARTL 361.8 343.0 351.1 356.4 364.5 369.8 377.9 383.2

TATAPOWER 84 80.6 82.0 83.0 84.4 85.4 86.8 87.8

YESBANK 1445 1420.6 1430.9 1438.0 1448.3 1455.3 1465.6 1472.7

ONGC 195.5 190.8 193.0 194.2 196.4 197.6 199.8 201.0

GAIL 521.5 510.3 513.5 517.5 520.8 524.8 528.0 532.0

LT 1475 1453.0 1462.9 1469.0 1478.9 1484.9 1494.8 1500.9

SUNPHARMA 669.1 650.1 656.4 662.8 669.1 675.4 681.7 688.1

HDFCBANK 1403.8 1368.9 1381.9 1392.8 1405.8 1416.8 1429.8 1440.7

CIPLA 587.4 577.7 581.9 584.6 588.8 591.5 595.7 598.4

EICHERMOT 25000 24593.7 24760.0 24880.0 25046.3 25166.3 25332.6 25452.6

BANKBARODA 167.5 162.9 165.1 166.3 168.4 169.6 171.8 173.0

HDFC 1396.5 1364.0 1377.9 1387.2 1401.1 1410.4 1424.3 1433.6

ZEEL 516.7 496.0 504.3 510.5 518.7 524.9 533.2 539.4

LUPIN 1452 1410.4 1428.3 1440.2 1458.1 1469.9 1487.8 1499.7

ADANIPORTS 299.9 287.0 292.2 296.1 301.3 305.1 310.3 314.2

TATASTEEL 484.1 468.4 474.5 479.3 485.4 490.1 496.2 501.0

AUROPHARMA 676.1 641.7 653.5 664.8 676.5 687.8 699.6 710.9

ACC 1444.1 1399.1 1421.2 1432.7 1454.8 1466.3 1488.4 1499.9

HINDALCO 179.4 172.8 175.9 177.7 180.8 182.6 185.7 187.5

HCLTECH 833.1 786.3 808.4 820.7 842.9 855.2 877.3 889.6

GRASIM 1045.3 973.8 1001.0 1023.1 1050.3 1072.4 1099.6 1121.7

INFY 991 951.3 968.9 979.9 997.5 1008.5 1026.1 1037.1

TCS 2410 2313.6 2356.9 2383.4 2426.7 2453.3 2496.6 2523.1

POWERGRID 201.3 190.5 195.7 198.5 203.7 206.5 211.7 214.5

AMBUJACEM 233.3 224.8 228.8 231.0 235.0 237.2 241.2 243.4


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EQUITY Weekly report 27 feb to 3 feb 2017

Business

Transcript of EQUITY Weekly report 27 feb to 3 feb 2017