Weekly report 20 feb to 24 feb 2017 1

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Trade House 426 Alok Nagar, Kanadia Main Road Near Bangali Square Indore-452001 (M.P.) India Mobile :+91-9039261444 E-mail: [email protected] Telephone :+91-731-698.3000 EQUITY WEEKLY REPORT 20 FEB. TO 24 FEB. 2017

Transcript of Weekly report 20 feb to 24 feb 2017 1

Page 1: Weekly report 20 feb to  24 feb 2017 1

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Trade House 426 Alok Nagar, Kanadia Main Road Near Bangali Square

Indore-452001 (M.P.) India Mobile :+91-9039261444

E-mail: [email protected] Telephone :+91-731-698.3000

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

Page 2: Weekly report 20 feb to  24 feb 2017 1

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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

INDICES CLOSE CHANGE (%)

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

INDICES CLOSE CHANGE (%)

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

SCRIPT CLOSE CHANGE (%)

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

INDIAN INDICES WEEKLY

INDICES CLOSE CHANGE (%)

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

INDIAN SECTORIAL INDICES WEEKLY

INDICES CLOSE CHANGE (%)

NIFTY PHARMA 10542.60 -0.12

NIFTY AUTO 10028.05 0.53

NIFTY METAL 3084.65 -1.40

NIFTY FMCG 22874.95 1.01

NIFTY INFRA 3038.85 1.66

NIFTY WEEKLY TOP GAINERS

SCRIPT CLOSE CHANGE (%)

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

INDIAN INDICES WEEKLY

INDICES CLOSE CHANGE (%)

NIFTY 50 8821.70 0.3

SENSEX 30 28468.75 0.47

NIFTY 500 7631.25 -12.86

NIFTY BANK 20551.35 1.67

NIFTY IT 10527.20 1.34

NIFTY MIDCAP 16169.30 -0.36

NIFTY NEXT 50 24250.80 0.2

INDIAN SECTORIAL INDICES WEEKLY

INDICES CLOSE CHANGE (%)

NIFTY PHARMA 10624.40 0.77

NIFTY AUTO 9683.60 -3.43

NIFTY METAL 3053.60 -1.00

NIFTY FMCG 22445.80 -1.87

NIFTY INFRA 3011.00 -0.92

NIFTY WEEKLY TOP GAINERS

SCRIPT CLOSE CHANGE (%)

HDFC BANK 1377.05 5.63

GAIL INDIA 510.20 5.55

RELIANCE INDUST. 1075.50 4.40

EICHER MOTORS 25040.30 4.28

BHARTI AIRTEL 369.50 3.34

GLOBAL INDICES WEEKLY

INDICES CLOSE CHANGE (%)

NASDAQ 5838.58 1.82

CAC 40 4867.58 0.81

DAX 11757.02 0.76

FTSE 100 7299.96 0.56

NIKKEI 19234.62 -0.74

HANG SENG 24033.74 1.94

SHANGHAI COM. 3201.97 0.14

INDIAN CURRENCY WEEKLY

CURRENCY CLOSE CHANGE (%)

USD-INR 67.09 0.31

EUR-INR 71.47 0.12

GBP-INR 83.29 -0.27

JPY-INR 59.49 0.91

USD INDEX 100.89 0.17

NIFTY WEEKLY TOP LOSERS

SCRIPT CLOSE CHANGE (%)

TATAMOTOR-DVR 278.00 -12.51

BANK OF BARODA 166.15 -11.65

TATA MOTORS 452.95 -11.11

HERO MOTOCORP 3087.20 -5.55

BPCL 679.00 -5.11

Page 3: Weekly report 20 feb to  24 feb 2017 1

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FUNDAMENTAL VIEW:-

The market closed upside of 8800 level last week .Indian market remained volatile throughout the week

weighed down by both global as well as local factors and shortened expiry week is unlikely to be any dif-

ferent. Data on inflation added positive sentiments. Global macro data also put positive sign in the mar-

ket. Elections also put sentiments good in the market if BJP win in the election .

TECHNICAL VIEW:-

NIFTY 50 ended the week on a positive note and close at 8821.70. The index made a weekly high of

8896.45 and a low of 8712.85. Immediate resistance for Nifty 50 lies around 8950 level and strong re-

sistance lies around 9100 level. Immediate support lies around 8750 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 8821.70

OPEN 8819.80

HIGH 8896.45

LOW 8712.85

CHANGE 28.15

% CHANGE 0.3

SYMBOL S1 S2 S3 PIVOT

POINT

R1 R2 R3

NIFTY 8724.2 8626.7 8540.60 8810.30 8907.8 8993.90 9091.4

Page 4: Weekly report 20 feb to  24 feb 2017 1

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FUNDAMENTAL VIEW:-

Last leg of quarterly earnings, increased foreign fund flow and sharp pullback in the market is yet to con-

firm a breakout from the recent trading range. The UP election results ,the outcomes of the next FED

meeting and progress in the GST legislation will effect to the market. Reserve Bank of India removed the

bank from the ban list for foreign institutional investors' buying as aggregate foreign shareholding in the

bank fell below the prescribed limit under the foreign direct investment policy will affect market.

TECHNICAL VIEW:-

NIFTY BANK ended the week on positive note and close at 20551.35.The index made a high of

21042.35 and low of 20088.20 in the week. Immediate support for Nifty Bank lies around 20300 level while

strong support lies around 19950 level. Immediate resistance for Nifty Bank lies around 20700 level while

strong resistance lies around 21100 levels. Broad range for Nifty Bank in the week can be seen between

levels of 19950 and 21100 on upside.

WEEKLY SUPPORT & RESISTANCE:-

NIFTYBANK WEEKLY OUTLOOK

SYMBOL S1 S2 S3 PIVOT

POINT

R1 R2 R3

NIFTYBANK 20078.90 19606.50 19124.80 20560.60 21033.10 21514.80 21987.2

NIFTYBANKWEEKLY

CLOSE 20551.35

OPEN 20273.65

HIGH 21042.35

LOW 20088.20

CHANGE 337.45

% CHANGE 1.67

Page 5: Weekly report 20 feb to  24 feb 2017 1

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OUR WEEKLY RECOMMENDATIONS (FUTURES)

JUST DIAL (23-Feb-2017):-

JUST DIAL FUTURE has given a positive sign on RSI indicators. The stock future is moving in uptrend

with strong OI and volume . Support for JUST DIAL FUTURE lies at 440 level while resistance lies at

480 level . Buy ACC Cements Ltd future (23-Feb-2017) above 460 keeping first target around 480 and final

target aground 510 , maintaining a stop loss below 440.

TATA MOTORS (23-Feb-2017):-

TATA MOTORS FUTURE (23-Feb-2017) shows positive trend on charts. This stock is good on RSI and

MACD is showing upside momentum . Support for the stock lies at level of 435. Resistance for the stock

lies at 475 levels.

Buy TATA MOTORS FUTURE 23-Feb-2017) above 452 keeping first target around 475 and second tar-

get around 500 level, maintaining a stop loss below 435.

SYMBOL TATA MO-

TOR

SEGMENT FUTURE

BUY 452

TG1 475

TG2 500

SL 435

SYMBOL JUST DIAL

SEGMENT FUTURE

BUY 460

TG1 480

TG2 510

SL 440

Page 6: Weekly report 20 feb to  24 feb 2017 1

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OUR WEEKLY RECOMMENDATIONS (CASH)

SRF LTD:-

SRF LTD. looks positive technically. The stock has potential for a fresh rally and volumes is also support-

ing. On RSI looks upside trend . Support for stock lies at 1550 level while Resistance lies at 1660 level.

Buy SRF LTD above 1600 keeping first target around 1660 and final target around 1730, maintaining a stop

loss below 1550.

KELLTONTECH LTD:-

KELLTONTECH LTD is showing uptrend and has seen a strong rise in volume. After breakout it will go

upside and positive sign on RSI. Support for the stock lies at level of 131 and resistance at 147 level.

Buy KELLTONTECH LTD above 139 keeping first target around 147 and final target around 159, main-

taining a stop loss below 131.

SYMBOL KELLTON-

TECH

SEGMENT CASH

BUY 139

TG1 147

TG2 159

SL 131

SYMBOL SRF

SEGMENT CASH

BUY 1600

TG1 1660

TG2 1730

SL 1550

Page 7: Weekly report 20 feb to  24 feb 2017 1

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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 ALKEM LAB

SEGMENT CASH

ENTRY 1845

TG1 1950

TG2 2100

SL 1645

ACHIVED 1st target and

High is 2026.85

SYMBOL ROH LTD

SEGMENT CASH

ENTRY 88

TG1 94

TG2 102

SL 78

ACHIVED Not Execute

SYMBOL MOTHERSON SUMI

SEGMENT FUTURE

ENTRY 360

TG1 390

TG2 400

SL 350.45

ACHIVED Not Execute

SYMBOL L&T FIN

SEGMENT FUTURE

ENTRY 110

TG1 118

TG2 128

SL 102

ACHIVED 1455 and High is

1473

Page 8: Weekly report 20 feb to  24 feb 2017 1

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STOCKS IN NEWS

HINDUSTAN UNILEVER :-

Unilever said it saw no merit in a proposed merger with U.S. food group Kraft Heinz Co after rejecting a $143 billion offer, saying it "fundamentally undervalues" the Anglo-Dutch consumer goods giant. Unilever said it had received an offer of $50 per share, made up of $30.23 in cash and the remainder in stock in the new group, representing a premium of 18 percent.

VODAFONE :- Vodafone Group Chief Executive Vittorio Colao is also likely to brief all business heads of the Indian arm over a con-ference call next week about the proposed merger. "Martin Pieters has reached India to oversee proposed merger of Vodafone India with Idea Cellular. Vittorio (Colao) will brief all business heads of Vodafone India over a conference call on the merger on February 24," said a source. Vodafone declined to comment. .

HDFC BANK :-

HDFC Bank again reached the prescribed foreign investment limit for Indian companies, Reserve Bank of India (RBI) said on Friday, just a day after such inflows had gone below the ceiling. The threshold limit for foreign holding had gone below the prescribed percentage yesterday enabling foreign investors to buy the stock.

LARSEN & TOUBRO LTD :-

Infrastructure major Larsen & Toubro today said its Aerospace business unit played a critical role in ISRO's record mission of launching of 104 satellites from Sriharikota.

The launch of satellites yesterday "is a special achievement for L&T, as its Aerospace business unit has been closely involved with this historic effort that helped India become the only nation to launch 104 satellites in space in single mission

SBI :- Kerala based Save SBT (State Bank of Travancore) Forum on Thursday asked Union government to reconsider its decision for merger of five associate banks including SBT with SBI. Merger of SBT with SBI would adversely affect the economic development in the state as SBT has played a vital role in extending loans to agriculture, industrial and education sectors in the state

CADILA HEALTHCARE-

United States Food and Drug Administration (USFDA) inspected company's Moraiya facility from February 6, 2017 to February 15, 2017. At the end of the inspection no observation (483) is issued,. The stock had surged 20 per cent in the previous session as well.

DR REDDY’S LABORATORIES :-

Drug major Dr Reddy's Laboratories today said there are no claims against the company for monetary damages after it received an unfavourable ruling in a US court regarding a patent infringement case over anti-nausea injection Aloxi .

The United States District Court for the District of New Jersey issued its opinion regarding Helsinn Healthcare's pa-tent infringement claims against Dr Reddy's proposed palonosetron product

INFOSYS :-

Country's second largest software services company Infosys today said it "periodically" reviews the capital allocation policy and the management will take a decision on share buyback at an "appropriate time". The statement comes at a time when Indian IT companies are under increasing pressure from investors to look at utilising large amounts of cash on their books either through share buyback or generous dividend.

HDFC BANK :-

HDFC Bank again reached the prescribed foreign investment limit for Indian companies, Reserve Bank of India (RBI) said on Friday, just a day after such inflows had gone below the ceiling.

Page 9: Weekly report 20 feb to  24 feb 2017 1

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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 8821.7 8693.0 8748.6 8785.2 8840.8 8877.4 8933.0 8969.6

SUNPHARMA 673.1 626.6 637.9 655.5 666.7 684.3 695.6 713.2

HDFCBANK 1375 1245.4 1302.9 1339.0 1396.5 1432.5 1490.0 1526.1

ICICIBANK 284.6 268.0 271.9 278.3 282.2 288.5 292.4 298.8

GAIL 512.9 489.9 494.6 503.7 508.4 517.5 522.2 531.3

CIPLA 593 567.8 574.2 583.6 590.0 599.4 605.8 615.2

TATAPOWER 84.4 80.7 81.7 83.0 84.0 85.3 86.3 87.6

BPCL 678.3 649.4 657.2 667.8 675.6 686.2 694.0 704.6

TATAMOTORS 451.5 429.5 436.0 443.7 450.2 457.9 464.4 472.1

BHARTIARTL 370 354.2 358.3 364.1 368.2 374.0 378.1 383.9

GRASIM 1039.1 1008.4 1016.8 1028.0 1036.4 1047.5 1055.9 1067.1

AUROPHARMA 664.1 642.5 650.2 657.1 664.8 671.8 679.5 686.4

AMBUJACEM 238 229.6 232.0 235.0 237.4 240.4 242.8 245.8

LUPIN 1455.1 1425.2 1435.1 1445.1 1455.0 1465.0 1474.9 1484.9

INDUSINDBK 1331.1 1278.5 1302.9 1317.0 1341.4 1355.5 1379.9 1394.0

HDFC 1404.8 1360.0 1380.1 1392.4 1412.5 1424.9 1445.0 1457.3

POWERGRID 202.4 196.5 198.0 200.2 201.7 203.9 205.4 207.6

LT 1478 1447.0 1456.0 1467.0 1476.0 1487.0 1496.0 1507.0

ZEEL 521 508.9 512.9 516.9 520.9 525.0 529.0 533.0

ACC 1462.5 1429.0 1440.6 1451.5 1463.1 1474.0 1485.6 1496.5

KOTAKBANK 796 766.2 778.1 787.1 799.0 808.0 819.9 828.9

ITC 267.8 260.0 262.0 264.9 266.9 269.8 271.8 274.7

RELIANCE 1070.7 1040.3 1049.4 1060.0 1069.1 1079.8 1088.9 1099.5

TATAMTRDVR 276.6 266.9 270.4 273.5 277.0 280.1 283.6 286.7

BOSCHLTD 21881.9 21349.5 21590.3 21736.1 21976.9 22122.7 22363.5 22509.3

ONGC 194.6 191.9 192.7 193.6 194.4 195.3 196.1 197.0

BHEL 153.5 145.7 147.6 150.6 152.5 155.4 157.3 160.3

BANKBARODA 166.2 160.5 162.5 164.3 166.3 168.2 170.2 172.0

BAJAJ-AUTO 2784.4 2718.6 2734.8 2759.6 2775.8 2800.6 2816.8 2841.6

YESBANK 1437.1 1405.2 1420.2 1428.6 1443.7 1452.1 1467.1 1475.5

TECHM 503.9 489.2 492.6 498.2 501.6 507.2 510.6 516.2

ULTRACEMCO 3708.8 3609.1 3644.3 3676.6 3711.8 3744.0 3779.2 3811.5

M&M 1317 1291.4 1301.6 1309.3 1319.6 1327.3 1337.5 1345.2

SBIN 269.5 261.0 264.3 266.9 270.3 272.9 276.2 278.8

TATASTEEL 468.2 456.8 461.7 465.0 469.9 473.2 478.1 481.4

COALINDIA 316.5 302.7 306.8 311.7 315.8 320.7 324.8 329.7

DRREDDY 2905.8 2832.2 2866.1 2885.9 2919.8 2939.7 2973.6 2993.4

NTPC 169.2 166.3 167.6 168.4 169.7 170.5 171.8 172.6

HINDUNILVR 840.3 825.4 831.5 835.9 841.9 846.3 852.4 856.8

HCLTECH 839.1 811.2 821.2 830.1 840.1 849.0 859.0 867.9

MARUTI 5979.6 5837.0 5896.0 5937.8 5996.8 6038.6 6097.6 6139.4

AXISBANK 489 466.3 476.9 482.9 493.5 499.5 510.1 516.1

ADANIPORTS 296 287.0 291.4 293.7 298.1 300.4 304.8 307.1

ASIANPAINT 960 934.8 945.2 952.6 963.0 970.4 980.8 988.2

HEROMOTOCO 3089 3006.5 3039.4 3064.2 3097.1 3121.9 3154.8 3179.6

INFY 999 968.8 980.8 989.9 1001.8 1010.9 1022.9 1032.0

TCS 2415 2312.5 2357.3 2386.1 2430.9 2459.7 2504.5 2533.3

EICHERMOT 24988.9 23859.7 24290.0 24639.4 25069.7 25419.1 25849.4 26198.8

WIPRO 474.2 461.4 467.7 471.0 477.3 480.6 486.9 490.2

IDEA 105.9 96.0 98.8 102.4 105.2 108.7 111.5 115.1

HINDALCO 183.4 174.9 178.9 181.2 185.2 187.5 191.5 193.8

Page 10: Weekly report 20 feb to  24 feb 2017 1

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