EQUITY WEEKLY REPORT COMMODITY WEEKLY ... (M.P.) India Mobile :+91-9039261444...

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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 14 MAR.TO 17 MAR. 2017

Transcript of EQUITY WEEKLY REPORT COMMODITY WEEKLY ... (M.P.) India Mobile :+91-9039261444...

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COMMODITY WEEKLY REPORT 9 TO 13 JAN. 2017 EQUITY WEEKLY REPORT 14 MAR.TO 17 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

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 8934.55 0.41

SENSEX 30 28946.23 0.18

NIFTY 500 6650.10 0

NIFTY BANK 20727.55 1.13

NIFTY IT 10749.85 -0.52

NIFTY MIDCAP 16291.20 -0.44

NIFTY NEXT 50 24042.35 -0.20

INDIAN SECTORIAL INDICES WEEKLY

INDICES CLOSE CHANGE (%)

NIFTY PHARMA 10468.35 -1.37

NIFTY AUTO 9779.25 1.02

NIFTY METAL 3034.65 -4.78

NIFTY FMCG 22341.75 0.27

NIFTY INFRA 2987.35 -0.86

NIFTY WEEKLY TOP GAINERS

SCRIPT CLOSE CHANGE (%)

BOSCH 22761.15 7.57

YES BANK 1481.35 3.32

INDUSIND BANK 1335.75 2.81

SBI 272.05 2.64

BHARTI AIRTEL 828.90 2.46

GLOBAL INDICES WEEKLY

INDICES CLOSE CHANGE (%)

NASDAQ 5861.72 -0.15

CAC 40 4993.32 -0.03

DAX 11963.18 -0.53

FTSE 100 7343.08 -0.42

NIKKEI 19604.61 0.69

HANG SENG 23568.67 -1.65

SHANGHAI COM. 3212.43 -1.24

INDIAN CURRENCY WEEKLY

CURRENCY CLOSE CHANGE (%)

USD-INR 66.72 -0.43

EUR-INR 70.86 -0.01

GBP-INR 81.20 -0.97

JPY-INR 57.89 -2.47

USD INDEX 101.38 0.25

NIFTY WEEKLY TOP LOSERS

SCRIPT CLOSE CHANGE (%)

IDEA CELLULAR 104.25 -5.70

TECH MAHHIN-

DRA

475.80 -5.54

TATA STEEL 467.75 -5.52

HINDALCO 187.60 -5.51

DR REDDYS LAB 2715.85 -5.41

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FUNDAMENTAL VIEW:-

Now state election will support to the market . The State elections results have set the Indian indi-

ces to prepare a new high. NIFTY is supposed to trigger a new rally now. Benchmark indices set-

tled the day flat and posted small weekly gains as investors stayed cautious ahead of assembly

election results. Exit polls declared yesterday showed BJP ahead of other rival parties in all the

five states. Victory for BJP in Uttar Pradesh will boost PM Narendra Modi’s chances of winning

the 2019 general election.

TECHNICAL VIEW:-

NIFTY 50 ended the week on positive note gaining around 0.40% and close at 8934.55 . The in-

dex made a weekly high of 8977.15 and a low of 8891.95. Immediate resistance for Nifty 50 lies

around 8850 level and strong resistance lies around 9100 level. Immediate support lies around

8900 level and strong support around 8700 level. Broad range for Nifty 50 in the week can be seen

between levels of 8700 and 9100.Closing with a small doji around high is confirming an inverse

head & Shoulders pattern on weekly and daily charts, which may break on Tuesday. So we suggest

you to buy the index if it sustains above 9020 for the targets of 9100 and 9200 with strict stop loss

of 8900.

WEEKLY SUPPORT & RESISTANCE:-

NIFTY WEEKLY OUTLOOK

NIFTY WEEKLY

CLOSE 8934.55

OPEN 8915.10

HIGH 8977.15

LOW 8891.95

CHANGE 37

% CHANGE 0.41

SYMBOL S1 S2 S3 PIVOT

POINT

R1 R2 R3

NIFTY 8891.7 8848.9 8805.8 8934.8 8977.6 9020.7 9063.5

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FUNDAMENTAL VIEW:-

The BJP tsunami in Uttar Pradesh will counter any impact of feared rate increases in the United

States and send markets climbing towards Mount 30k after a saffron-splashed long Holi weekend.

But what can an emboldened PM Narendra Modi incrementally deliver that markets should watch

for and how should investors’ position portfolios for the medium term? Three key themes should

get a boost – fiscal prudence, anti-corruption and GST.

TECHNICAL VIEW:-

NIFTY BANK ended the week on positive note gaining around 1.10%. The index made a high of

20876.95 and low of 20532.20 in the week. Bank nifty is already showing positivity on weekly and

daily charts. Standing on resistance the index is all ready to break it and move further towards 52

week's high. All economic indicators are suggesting uptrend. So Buy it if it sustains above 21000.

Range for the week is seen from 20000 to 20100 on downside & 21500 to 21600 on upside.

WEEKLY SUPPORT & RESISTANCE:-

NIFTYBANK WEEKLY OUTLOOK

SYMBOL S1 S2 S3 PIVOT

POINT

R1 R2 R3

NIFTYBANK 20547.5 20367.5 20202.8 20712.2 20892.3 21057 21237

NIFTYBANKWEEKLY

CLOSE 20727.55

OPEN 20548.95

HIGH 20876.95

LOW 20532.20

CHANGE 231.95

% CHANGE 1.13

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OUR WEEKLY RECOMMENDATIONS (FUTURES)

HINDALCO (30-Mrach-2017):-

HINDALCO FUTURE (30-Mrach-2017) in this week performed poorly it remained bearish in the

entire week. Respecting the strong resistance around 201, Hindalco future reversed and ate half of

the gains of last week and closed with indications of further weakness. This week's candle shows

that it is forming a double top kind of pattern which seems to find its next support around 182. RSI

is also suggesting downtrend. But election result will bring a spike in the market. So Hindalco Fu-

ture is Sell on rise around 196 for the targets of 191.5 and 187 with strict stop loss of 202.6.

VEDL (30-March-2017):-

VEDL (30-Mar-2017) is looking weak. It has also performed very poor in all the sessions of this

week. Eating previous five weeks' candlesticks, the weekly candlestick has closed purely bearish

with good volumes and RSI is also indicating that bears will control the stock. But market may

trend upside for the election results, so sell is made around resistance. So we advise you to sell

VEDL Future for this week from high around 262 for the targets of 256 and 250 with strict stop

loss of 271.

SYMBOL VEDL

SEGMENT FUTURE

SELL 262

TG1 256

TG2 250

SL 271

SYMBOL HINDALCO

SEGMENT FUTURE

SELL 196

TG1 191.5

TG2 187

SL 202.6

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OUR WEEKLY RECOMMENDATIONS (CASH)

TVS MOTOR :-

TVSMOTOR is a good buy for this week, as even after breaking the immediate support, it has seen

a little pull back in the last two trading sessions. And RSI on both daily and weekly charts is moving

to signal buy.

Buy TVS MOTOR above 430 for the targets of 440 and 450 maintain stop loss around 416 .

RAJESH EXPORTS :-

RAJESH EXPORTS has broken an important resistance last week and has closed with a fully bull-

ish candlestick this week also. It may consolidate around 545 because of Fibonacci's 38.2% resistance

but it seems to break it to touch 50%.

Buy RAJESH EXPORTS above 525 keeping first target around 556 and final target around 570 ,

maintaining a stop loss below 534.

SYMBOL RAJESH

EXPORTS

SEGMENT CASH

BUY 546

TG1 556

TG2 570

SL 534

SYMBOL TVS MO-

TOR

SEGMENT CASH

BUY 430

TG1 440

TG2 450

SL 416

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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 BIOCON

SEGMENT CASH

BUY 1075

TG1 1110

TG2 1150

SL 1050

ACHIVED High is 1092.30

SYMBOL HINDPETRO

SEGMENT CASH

BUY 525

TG1 540

TG2 560

SL 510

ACHIVED High is 531

SYMBOL BPCL

SEGMENT FUTURE

BUY 635

TG1 655

TG2 680

SL 615

ACHIVED High is 651.40

SYMBOL HINDALCO

SEGMENT FUTURE

BUY 200

TG1 205

TG2 212

SL 195

ACHIVED SL HIT

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STOCKS IN NEWS

RELIANCE INDUSTRIES -

Reliance Industries shares worth over Rs. 50,000 crore changed hands on the BSE on Thursday, days after the company an-nounced major shareholding rejig among its promoter group entities.As per the BSE website, the total traded shares were about Rs. 51,000 crore till mid session, much higher than the average trade value of the stock.Nearly 40 crore shares were traded as against the 2-week average quantity of less than 11 lakh. The stock closed at Rs. 1,287.35 on the BSE, down 0.35 per cent from the previous close. During the intra-day trading session, the stock had hit a low of Rs. 1,281.70 and touched a high of Rs. 1,298. The proposed inter-se transfers would not result in any change in promoter group shareholding of 45.24 per cent in RIL .

INDUSIND BANK :-

Mid-sized private lender IndusInd Bank today said it is in talks with multiple entities for business expansion, including the widely speculated merger of Bharat Financial Inclusion (BFI)."...the management has been exploring strategic alternatives, and engaging in discussions from time to time with various parties, including Bharat Financial, as and when required," the bank said in a late evening exchange filing. If the merger fructifies, it will be the third deal for IndusInd Bank, after Deutsche Bank's credit card portfolio in 2011 and RBS' diamond financing book in 2015.

WIPRO :-

Wipro Chairman Azim Premji on Thursday met IT Minister Ravi Shankar Prasad amid growing concerns over proposed changes in the H-1B visa norms in the US."He was here to discuss visa and their involvement in domestic IT market," an official source said after the meeting of Prasad and Premji. The minister told Premji that India has taken up this issue at senior level in the US administration, the source added .Last week, the USCIS temporarily suspended premium processing of H-1B visas -- often used by Indian IT firms -- that could lead to process delays.

AIR INDIA :-

The findings come at a time when Air India is working on reviving its financial fortunes even as concerns persist in certain quar-

ters about the viability of the carrier. While the airline has achieved a surplus over its variable cost and all services recovered their

fuel costs, the auditor said this could be attributed largely to the sharp fall in air turbine fuel prices. "The company is yet to recov-

er its total cost of operation," it added.

CANARA BANK :-

State-run lender Canara Bank Ltd has sold a 13.45 per cent stake in Housing finance arm Can Fin Homes Ltd to Singapore-based

Caladium Investment Pvt Ltd for Rs. 754 crore, it said on Friday. The divestment is seen as a part of the monetization process of

non-core assets of Canara Bank, the company said in a statement to the exchanges. Caladium Investment, which is an affilate of

Singapore's sovereign wealth fund GIC, will buy about 3.6 million Can Fin Homes' shares at Rs. 2,105 each, a premium of about

8.4 per cent, as of Thursday's close.

MARUTI SUZUKI -

The Maruti Suzuki case reveals the potential for violent unrest at one of the biggest success stories of foreign investment in Indian manufacturing. An argument between workers and a supervisor over conditions turned violent at a Maruti Suzuki India Ltd. plant in the state of Haryana in July 2012. A manager was burned to death when protesting workers allegedly set a fire on the factory floor, leading to a one-month shutdown. They were charged with conspiracy to commit murder, arson and rioting in a case likely to be decided March 10 .

RELIANCE COMMUNICATION :-

Reliance Communications on Friday came out with a new offering that provides 1GB data to new 4G customers for Rs. 49 where-as 3GB data will be priced at Rs. 149 plus free, unlimited local and STD calls within its network. The plans under 'Joy of Holi' offer come with a 28-day validity. "With this launch, all new 4G customers of Reliance Communica-tions will get... 1GB of data access offered at just Rs. 49 while 3GB of data access can be availed for only Rs. 149, along with free and unlimited on-net local and STD calls, valid for 28 days," a company release said here. .

JET AIRWAYS :-

Jet Airways on Thursday announced plans to further strengthen its domestic network. The airline will introduce new direct flights and also increase frequencies on the existing routes. This summer, Jet Airways to take the count of the direct flights to 650 per day and it will begin services to Madurai and Bagdogra, from Mumbai, starting March 26, the airline said in a statement. Also, the airline will connect Jaipur with Chandigarh, Dehradun with Srinagar, and Bengaluru with Kozhikode with non-stop flights, aside from services linking Bengaluru with Lucknow, via New Delhi and, Mumbai with Srinagar, via Dehradun, it added.

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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 8934.6 8828.7 8866.3 8900.4 8938.1 8972.2 9009.8 9043.9

BOSCHLTD 22760.1 21066.7 21533.4 22146.7 22613.4 23226.7 23693.4 24306.7

BHARTIARTL 364.9 354.5 357.2 361.1 363.8 367.6 370.3 374.2

INFRATEL 309 299.0 302.5 305.8 309.3 312.5 316.0 319.3

YESBANK 1481.8 1450.4 1457.8 1469.8 1477.1 1489.1 1496.5 1508.5

LT 1493 1465.4 1472.7 1482.9 1490.2 1500.3 1507.6 1517.8

INFY 1021.5 999.8 1006.6 1014.1 1020.9 1028.3 1035.1 1042.6

INDUSINDBK 1339 1310.2 1316.7 1327.9 1334.4 1345.6 1352.1 1363.3

HDFCBANK 1407.5 1382.9 1388.0 1397.7 1402.9 1412.6 1417.7 1427.4

TCS 2542.3 2485.4 2499.7 2521.0 2535.3 2556.6 2570.9 2592.2

ONGC 191.2 184.7 186.5 188.8 190.6 193.0 194.8 197.1

HINDUNILVR 876.5 859.6 863.5 870.0 873.9 880.3 884.2 890.7

HEROMOTOCO 3309 3248.3 3268.5 3288.7 3308.9 3329.1 3349.3 3369.5

AMBUJACEM 228.5 224.0 225.5 227.0 228.5 230.0 231.5 233.0

WIPRO 486.5 478.4 481.0 483.8 486.4 489.1 491.7 494.5

KOTAKBANK 828.7 810.9 818.5 823.6 831.3 836.4 844.0 849.1

DRREDDY 2715 2667.8 2684.4 2699.7 2716.3 2731.6 2748.2 2763.5

HDFC 1375.7 1354.3 1361.7 1368.7 1376.0 1383.0 1390.4 1397.4

ULTRACEMCO 3834.1 3749.1 3788.0 3811.1 3850.0 3873.1 3912.0 3935.1

HCLTECH 846 821.5 831.2 838.6 848.3 855.7 865.4 872.8

TATAMOTORS 468.5 458.3 461.7 465.1 468.5 471.8 475.2 478.6

IDEA 104.1 99.3 101.4 102.7 104.8 106.1 108.2 109.5

BHEL 157.6 153.0 155.0 156.3 158.4 159.7 161.7 163.0

CIPLA 588.9 582.4 584.7 586.8 589.2 591.3 593.6 595.7

SUNPHARMA 684.5 668.2 674.1 679.3 685.2 690.4 696.3 701.5

ASIANPAINT 1028.9 1009.8 1017.0 1022.9 1030.1 1036.0 1043.2 1049.1

TATAMTRDVR 278.5 273.1 275.5 277.0 279.4 280.9 283.3 284.8

AXISBANK 515.3 505.2 509.1 512.2 516.1 519.2 523.1 526.2

EICHERMOT 23344.9 22818.3 23009.6 23177.3 23368.6 23536.3 23727.6 23895.3

BAJAJ-AUTO 2863 2810.9 2832.1 2847.5 2868.7 2884.2 2905.4 2920.8

BANKBARODA 159 152.5 155.4 157.2 160.1 161.9 164.8 166.6

MARUTI 5947 5846.9 5891.5 5919.2 5963.8 5991.6 6036.2 6063.9

M&M 1300 1272.3 1285.8 1292.9 1306.5 1313.6 1327.1 1334.2

ZEEL 515.7 499.4 505.3 510.5 516.4 521.6 527.5 532.7

GAIL 378 366.7 371.1 374.6 379.0 382.4 386.8 390.3

ACC 1397 1371.3 1383.6 1390.3 1402.7 1409.4 1421.7 1428.4

ITC 263.9 260.3 261.5 262.7 263.9 265.1 266.3 267.5

TATAPOWER 81.9 79.1 80.2 81.0 82.1 82.9 84.0 84.8

COALINDIA 316.6 309.8 312.5 314.6 317.3 319.3 322.0 324.1

SBIN 271.9 263.0 266.3 269.1 272.3 275.1 278.4 281.2

TATASTEEL 467.1 449.2 455.7 461.4 467.9 473.6 480.1 485.8

HINDALCO 188.1 181.9 184.5 186.3 188.8 190.6 193.2 195.0

RELIANCE 1279.1 1226.7 1244.0 1261.5 1278.8 1296.3 1313.6 1331.1

LUPIN 1444 1419.5 1429.8 1436.9 1447.1 1454.2 1464.5 1471.6

AUROPHARMA 651.9 629.2 639.6 645.7 656.1 662.2 672.6 678.7

POWERGRID 192.6 184.2 187.1 189.9 192.8 195.5 198.4 201.2

ADANIPORTS 298 285.8 291.4 294.7 300.4 303.7 309.3 312.6

NTPC 156.7 152.5 154.5 155.6 157.5 158.6 160.6 161.7

ICICIBANK 270.5 260.7 265.0 267.8 272.1 274.9 279.2 282.0

GRASIM 996 968.0 981.5 988.8 1002.3 1009.5 1023.0 1030.3

BPCL 622.3 599.1 609.6 615.9 626.4 632.8 643.3 649.6

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