weekly equity report · nifty fmcg 29,257.35 28,676.00 1.76 nifty it 16,010.40 15,734.20 0.79 ......

WEEKLY EQUITY REPORT

02-09-2019 TO 06-09-2019

https://www.finetechresearch.com/

Keep an Eye on Changing Market Place…WEEKLY INDICES

INDEX CURRENT PREVIOUS CHANGE

NIFTY BANK 27,427.85 27,121.95 0.45

NIFTY AUTO 7,009.30 6,901.65 0.56

NIFTY FIN SERVICE 12,418.15 12,300.00 0.62

NIFTY FMCG 29,257.35 28,676.00 1.76

NIFTY IT 16,010.40 15,734.20 0.79

NIFTY MEDIA 1,914.65 1,875.00 1.19

NIFTY METAL 2,289.95 2,243.00 1.58

NIFTY PHARMA 8,072.05 7,875.85 2.02

NIFTY PSU BANK 2,474.40 2,396.60 1.02

NIFTY PVT BANK 15,309.20 15,089.50 0.78

NIFTY REALTY 267.2 263 1.29

GLOBAL INDICES CHANGES

Name Current Value Change

Nasdaq 7962.88 0.13%

CAC 5480.48 0.56%

FTSE 7207.18 0.32%

Nikkei 225 20620.19 0.41%

Hang Seng 25570.77 0.60%

Top Stories This Week

Name Current Value ChangeMINDACORP 99.25 48.69%

ESSEL 108.10 31.27%

BOMDYEING 83.90 29.78%

SINTEX 3.8 24.59%

SADBHAV 136.25 23.58%

NameCurrent Value Change

BRIGADE 199.70 25.15%

COX & KINNG 4.45 20.54%

RCOM 0.85 15.00%

SUZLON 3.7 10.84%

SHILPAME 214.50 10.03%

TOP GAINER WEEKLY

TOP LOSER WEEKLY

Amid shock GDP slump, economists cut growth forecasts, see deeper rate cuts

Manufacturing growth down at 15-month low in Aug on demand slowdown: PMI

Higher gold prices keep the shine intact for major gold financiers

India-dedicated funds pull out $653 million in July, shows EPFR data

Govt may sell entire stake in BPCL worth Rs 40,000 cr, IOCL likely suitor

Sebi to use data analytics, new technologies to address market challenges



Manufacturing growth down at 15-month low in August on demand slowdown: PMI

Manufacturing growth down at 15-month low in August on demand slowdown: PMI

As India hosts desertification meet, 30% of its land is already degraded

S2 S Nity R R2 R3

MA20 MA50 MA10 MA200

NIFTY CORNER

NIFTY ANALYSIS

NIFTY Index closed the week onpositive note gaining 194pointTechnically on the daily charts we seeminor support on the downside fornifty 50 index lies at 10650-10500levels, where as minorresistance on the upside is cappedaround 11200-11350 levels . Aftershowing a smart upside bounce onFriday, Nifty witnessed a decentfollow-through action on Fridayamidst some volatility and closed theday decently higher. Nifty struggledto sustain above the importantupside resistance of 11,000 levels, asper the concept of change in polarity.After moving above this hurdle intra-day on Friday, Nifty slipped intointra-day weakness from the highsand We observe a formation of longbull candle as per weekly timeframechart at the swing low of 10,756levels. Technically, this weeklyformation indicates a comeback ofbulls from the lower levels. Nifty iscurrently facing resistance at 11,200-11300 levels and we expect thisresistance to be broken on the upsidein the current week. if breachesminor resistance on the upside andcloses above it we may see freshbreakout and index can head towardshigher levels around 11380-11530.Currently nifty 50 index is tradingabove 200 days exponential movingaverage and suggests long term trendis bullish.


MARKET COMMENTARYWEEK AHEAD

BANKNIFTY ANALYSIS

BANK NIFTY Index closed gaining 563 points onclosing basis.Weekly High: 28245.85Weekly Low: 26822Weekly Close: 27579

Sharp fall have been witnessed after gaining1000 points in day which has come after theannouncement of FM but it failed to keepthe bull on driver seat . It fall as much as1000 point but it has shown some recoveryon Friday trade but bears have tightenedtheir grip further in the past week. The gapon the chart, which has been a concern forthe traders in the past few weeks, is still aconcern of worry for Bank nifty. Thetechnical setup has changed in the last fewdays and bulls are likely to remain on theback foot for some days but the pullbackmove is not ruled out .In an upcoming week, Bank Nifty couldprovide an opportunity to the traders on thelong side for the short term bounce till28500 next week. Banks are trading in theoversold territory after a steep fall days; theBank index has approached its 200-dayExponential Moving Average which isplaced at 28,798.The price has formed “DOJIS” pattern ondaily chart followed by a green candle. RSI istrading in oversold zone and suggesting thatpullback is likely and traders should placethemselves on the long side for the shortterm move. Also as per Fibonacciretracement, the Bank Nifty has takensupport at 68.80 percent retracement levelof latest medium-term swing that couldlead the move towards 50 EMA which isplaced at 28662 and even till 29000.


WEEKLYCALLS

BATAINDIA CASHIt has been continuously trading in high bullish zone since couple of week and It has been trading on bullish zone and hit 52 week high for breakout on KELTER CHANNEL and we expect it move higher and higher for coming couple of week, It has also given breakout on channel line and moved up to get 1350 Hence, we recommend buy the stock above 1550 for the upside target of 16230 with stop loss below 1423 levels.


INTELLECT PAINTSCASHOn the daily chart, the stock is moving upside from immediate support of 200 onweekly chart . It is also taken support around 380 moving average. The stock iscontinue in an uptrend move last couple of Hours on Friday. It is al formed Hammer ondaily chart .It may tend to move further for upside if stock sustain above 221 level Weexpect it to hit 260. It is taken support on weekly ,It is approaching .We recommend tobuy the stock above 221 for the upside target of 238 with stop loss below 203 level.


IBULHSGFIN CASHThe primary trend of the stock has started up at present from MINOR support on monthlychart, It has shown breakout upside with decent volumes. And it has also found reversalbreakout on weekly chart and it has also bounced back from 100% retracement line onhourly chart and found support around 420 to get back level of 460 . We recommend buythe stock above 462 for the upside level of 500 in the short term with stop loss below 420levels.


NIITTECH CASHThe chart shows fine breakout from 200 MVG AVG on weekly chart level. The startingof 2019 has been fine for NIITTECH. It has bounced back .It is also trading aboveVWAP and given breakout as per KELTER CHANNEL and ICHIMOKU. which Is a envelopeand work on moving average band to generate bullish and bearish level. stock is insmooth uptrend with high volume and On monthly view it has given breakout around1423,Hence, we recommend buy the stock above 1511 for the upside level of 1565 inthe short term with stop loss below 1450 levels.


CAPLINPOINT CASH

The primary trend of CAPLINPOINT is trading in a range and having weekly support. Ithas been trading in fibonacci retracement and taking support on 50% fibonacciretracement. and bounced back from immediate support of 380 .The stock hasformed DOJI, We have noticed that it has got breakout on DONCHAIN indicator,Kelter Channel and which indicate further buying with ATR and 200 mvg avg. So fornext coming week we advice it to buy from 435 with target of 465 and keep stoplossbelow 401.


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weekly equity report · nifty fmcg 29,257.35 28,676.00 1.76 nifty it 16,010.40 15,734.20 0.79 ......

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