weekly report 10 april to 14 april 2017

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COMMODITY WEEKLY REPORT 9 TO 13 JAN. 2017 EQUITY WEEKLY REPORT 10 APR.TO 14 APR. 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 9198.30 0.27

SENSEX 30 29706.61 0.29

NIFTY 500 8045.35 0.62

NIFTY BANK 21431.15 -0.06

NIFTY IT 10485.75 -2.03

NIFTY MIDCAP 17398.20 1.17

NIFTY NEXT 50 25552.95 1.73



NIFTY PHARMA 10285.80 -1.20

NIFTY AUTO 9993.75 1.14

NIFTY METAL 3111.10 0.46

NIFTY FMCG 23235.55 -1.30




RELIANCE INDU. 1406.60 10.70

L&T 1685.50 8.22

INDIAN OIL CORP. 397.35 5.45

BPCL 675.35 5.42

MARUTI SUZUKI 6259.35 5.08

GLOBAL INDICES WEEKLY


NASDAQ 5877.81 -0.57

CAC 40 5135.28 0.24

DAX 12225.06 -0.71

FTSE 100 7349.37 0.36

NIKKEI 18664.63 -1.29

HANG SENG 24267.30 0.64

SHANGHAI COM. 3287.02 0.55

INDIAN CURRENCY WEEKLY

CURRENCY CLOSE CHANGE (%)

USD-INR 64.40 -1.06

EUR-INR 68.52 -1.63

GBP-INR 80.08 -1.39

JPY-INR 58.24 -0.05

USD INDEX 101.08 0.65

NIFTY WEEKLY TOP LOSERS


INFOSYS 981.55 -4.29

TECH MAHINDRA 443.20 -3.90

ITC 272.65 -3.57

INDIABULLS

HOUSING

955.85 -3.51

SUN PHARMA 665.95 -3.07


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FUNDAMENTAL VIEW:-

Indian shares ended lower on Friday paring early losses after the central bank kept its repo rate unchanged as

it continues to guard against any potential flare-up in inflation and on an uncertain global economic environ-

ment , RBI Policy also given impact on market, Some of the events that took place through the week were RBI

Monetary Policy, USA launched a missile strike in Syria in response to the chemical attack by Assad regime,

which led to surge in crude prices . The Reserve Bank of India on Friday came out with a discussion paper on

wholesale and long-term finance banks to fund infrastructure projects for companies it also effect to the market

for changing trend.

TECHNICAL VIEW:-

Nifty closed the week on positive note gaining around 0.26 %and close at 9198.30 . The index made a weekly

high of 9220.60 and a low of 9188.10. Nifty on Friday slipped below its 5-days exponential moving average

and closed below its crucial support level of 9,200, weighed down by weak global cues after the US military

launched cruise missile strikes against a Syrian airbase. The index formed a ‘shooting star’ kind of pattern on

daily as well as weekly candlestick charts. And RSI is also confirming the sell as it has touched the overbought

zone. So we advise you to sell Nifty from around 9210-9220 for the targets of 9100 and 9030 with strict stop

loss above 9300.

WEEKLY SUPPORT & RESISTANCE:-

NIFTY WEEKLY OUTLOOK

NIFTY WEEKLY

CLOSE 9198.30

OPEN 9220.60

HIGH 9273.90

LOW 9188.10

CHANGE 24.55

% CHANGE 0.26

SYMBOL S1 S2 S3 PIVOT

POINT

R1 R2 R3

NIFTY 9166.30 9134.30 9080.50 9220.1 9252.1 9305.9 9337.9


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FUNDAMENTAL VIEW:-

Nifty Bank too was showing tiredness post RBI policy. It spared the already beleaguered banks any further

burden in its effort to suck out excess liquidity from the banking system, yet it tempered its kindness with a

stern warning on inflation .Yet many treasury bills (T-bills), till before the policy, were trading at 5.75 percent-

6 percent, way below the repo rate of 6.25 percent largely because of the huge excess cash with banks. Banks

are allowed to invest in mutual funds, venture capital funds (VCFs) and even equities to the extent of 20% of

their net owned funds. RBI will be allowing the banks to invest in REITs and InvITs within the umbrella limit

and will be issuing detailed guidelines by end of May this year.

TECHNICAL VIEW:-

Nifty Bank closed the week on negative note around 0.06% . The index made a high of 21699.30 and low of

21397 in the week. Bank nifty in this week remained volatile in a small range, although the index breached 52

week’s high but soon on Friday bears took the control and dragged the index down with considerable volumes.

Finally Bank nifty on weekly charts closed with a “Shooting Star” candlestick pattern, which indicates that

more profit booking will be seen further. So one should have a selling view overall. If the index sustains below

21400 it may come down till 21150 and 21000 traders can maintain stop loss above 21600.

WEEKLY SUPPORT & RESISTANCE:-

NIFTYBANK WEEKLY OUTLOOK

SYMBOL S1 S2 S3 PIVOT

POINT

R1 R2 R3

NIFTYBANK 21319 21206.90 21016.70 21509.20 21621.30 21811.50 21923.60

NIFTYBANKWEEKLY

CLOSE 21431.15

OPEN 21539.20

HIGH 21699.30

LOW 21397.00

CHANGE -13

% CHANGE 0.06


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OUR WEEKLY RECOMMENDATIONS (FUTURES)

JSW STEEL FUTURE (27 -April-2017):-

JSW STEEL FUTURE (27-April-2017) looks a perfect pick in future to sell. The scrip on daily charts has prepared a “shooting star” candlestick pattern. It rallied the whole week and breaking the life time high it gave a buy signal but on Friday Bears were more active in it and it sank around 3% with larger volumes and closed with a bear signal. The RSI is also indicating “SELL” on both daily and weekly charts.

So sell it below 197.5 for the targets of 194 and 191 with strict stop loss of 200.

ESCORTS FUTURE (27-April-2017):-

ESCORTS FUTURE (27-April-2017) Freshly listed in F&O ESCORTS is a good sell this week. In

cash Escorts has made an “Engulfing Bear” candlestick. On top of rallying trend this pattern suggests

the bulls have exhausted and Bears are in. And it is already dwelling in the "Overbought Zone" on RSI

indicator.

So we advise you to sell this below 521 for the targets of 513 and 505 with strict stop loss above 530

SYMBOL ESCORTS

SEGMENT FUTURE

SELL 521

TG1 513

TG2 505

SL 530

SYMBOL JSW STEEL

SEGMENT FUTURE

SELL 197.5

TG1 194

TG2 191

SL 200


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OUR WEEKLY RECOMMENDATIONS (CASH)

VOLTAMP :-

VOLTAMP looks bullish for this week, as it has broken a crucial resistance of 1100 and 1135 and closed

above it with good volumes along with a bullish candlestick on both daily and weekly charts. In such a

bearish market the stock maintained to sustain above resistance. So if it again sustains above the current

high it will find the next resistance around 1300. So buy it above 1170 for 1270 and 1400 with strict

stop loss of 1050

TIMKEN INDIA :-

TIMKEN INDIA is looking bullish for it has prepared an “Inverted Head & Shoulders” pattern and also

has broken the resistance of neckline on daily and weekly charts. Now if it crosses the current high and

keeps sustaining above it, it will surely take the targets of the Head otherwise the pattern can fail. So we

advise you to buy it only above 690 for the targets of 705 and 720 with strict stop loss of 670

.

SYMBOL TIMKEN

INDIA

SEGMENT CASH

BUY 690

TG1 705

TG2 720

SL 670

SYMBOL VOLTAMP

SEGMENT CASH

BUY 1170

TG1 1270

TG2 1400

SL 1050


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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 SOUTH INDIAN

BANK

SEGMENT CASH

BUY 21.5

TG1 22.3

TG2 23

SL 20.5

ACHIVED 1 ST TARG. HIGH

IS 22.20

SYMBOL BERGER PAINT

SEGMENT CASH

BUY 242

TG1 255

TG2 270

SL 230

ACHIVED 1 ST TARG. HIGH

IS 249.45

SYMBOL JET AIRWAYS

SEGMENT FUTURE

BUY 537

TG1 547

TG2 560

SL 525

ACHIVED SL HIT HIGH IS 542

SYMBOL ZEEL.

SEGMENT FUTURE

BUY 543

TG1 551

TG2 560

SL 532

ACHIVED 1 ST TARGET

HIGH IS 554.90


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STOCKS IN NEWS

RELIANCE INDUSTRIES-

Trai Chairman R S Sharma today said the telecom regulator has advised Reliance Jio to stop 'complimentary' service offer as it was not in accordance with the regulatory framework. "We examined it and found that it was not in accordance with regulatory frame-work, so we advised them to stop it," Telecom Regulatory Authority of India (Trai) Chairman R S sharma told PTI . Reliance Jio said it accepts Trai's decision and is in the process of "fully complying" with the regulator's advice. Trai had previously found nothing wrong with its extended promotional offers of free data and voice that had helped Jio clock 100 million customers. Of these at least 72 million opted for paid services.

UNILEVER :-

Unilever promised a multi-billion pound programmed of shareholder rewards on Thursday after a corporate rethink sparked by a takeover approach from Kraft Heinz, aiming to prove it can generate lucrative returns as an independent company . Under a re-structuring sparked by the rebuffed $143 billion offer by its U.S. rival, the maker of Dove soap and Knorr soup set out an acceler-ated cost-saving plan, the sale of its Flora to Stork spreads business where sales are declining, and a review of its dual-headed An-glo-Dutch structure . As part of its strategy to improve investor rewards and justify its rejection of Kraft Heinz's approach, Unile-ver will also splash out 5 billion euros ($5.3 billion) in a share buyback and will raise its dividend 12 percent this year. Unilever, one of Europe's biggest blue-chip stocks, called the Kraft episode a "trigger moment" to assess its business, as the global packaged goods industry faces slowing growth and greater competition. In the weeks since the review was announced, some analysts had speculated that Unilever would split into two companies in a dramatic reversal of its strategy, but executives said this was not on the cards and repeated the rationale that there are benefits from having both businesses. "We are confident our model of long-term compounding growth is working," Chief Executive Paul Polman said.

JSW STEEL:-

JSW Steel Ltd could spend around $1 billion on capacity addition and acquisition this fiscal year and will bid for several iron ore and coking coal mines in upcoming government auctions to secure raw material supplies, a top company executive told Reuters. Unlike its nearest rivals Steel Authority of India Ltd and Tata Steel Ltd, JSW does not own any iron ore mines and is forced to import the raw material from time to time. It also buys millions of tonnes of coking coal from countries such as Australia, Canada and the US. "Without increasing my debt, I will be able to spend 6,000 to 7,000 crore rupees ($923.72 million-$1.08 billion) in creating capacity or making acquisition," JSW Steel joint managing director Seshagiri Rao said on Thursday.

AXIS BANK :-

The CBI on Friday carried out searches at 16 locations in Ahmedabad after booking 12 people, including Axis bank employees, for alleged illegal cash deposits of around Rs. 100 crore post demonetization. The cash deposits of Rs. 100.57 crore in purported shell companies' accounts in Axis Bank's Manager branch in Ahmedabad were in violation of RBI notifications issued after November 8 last year, when the government, in a sudden move, scrapped Rs. 1,000 and Rs. 500 notes. The CBI has booked branch manager Yasha Mehta, operations head Ahbhimanyu Singh Naruka and customers' relations officer Rita Kumar and nine others, including the cash handlers.

STATE BANK OF INDIA :-

State Bank of India's bad loans have ballooned approximately 50 per cent in the span of a year and those of its five associate banks by 170 per cent. The bank will likely have to increase its provisioning for bad loans -- setting aside money to partly cover the non-performing assets (NPAs) following its merger with five subsidiaries. SBI, which had a provisioning coverage ratio of about 59 per cent, said that after the merger it will revisit the NPAs and provide accordingly ."

LARSON & TUBRO :-

Engineering conglomerate L&T on Friday named S N Subrahmanyan as its new CEO with effect from July, while long-serving

head A M Naik will become its non-executive Chairman effective October 1.The appointments, approved by the board of Larsen &

Toubro today, will mark a major change in leadership positions at the company where Naik has served for over 52 years, including

as its head for over 17 years. He became CEO and Managing Director in 1999 and was appointed as chairman in 2003.

ANSAL PROPERTIES:-

On April 7, 2017 Nomura Singapore Limited sold 1,011,776 shares of Ansal Properties at Rs 20.17 per share onn the NSE. Ansal Properties & Infrastructure closed at Rs 20.45, up Rs 1.75, or 9.36 percent.


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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 9198.3 9111.7 9149.9 9174.1 9212.3 9236.5 9274.7 9298.9

BPCL 675.8 615.5 629 652.4 666 689.4 702.9 726.3

IOC 397.4 374.2 379.9 388.6 394.3 403 408.7 417.4

INFRATEL 348 323 328.3 338.1 343.4 353.2 358.5 368.3

TCS 2432 2363.9 2378 2405 2419.1 2446.1 2460.2 2487.2

BHARTIARTL 344.9 332.2 337 340.9 345.7 349.6 354.4 358.3

BAJAJ-AUTO 2827.1 2749.1 2772.3 2799.7 2822.8 2850.2 2873.4 2900.8

EICHERMOT 25770 24945.5 25198.4 25484.2 25737.1 26022.9 26275.8 26561.6

NTPC 168.6 163.3 164.7 166.6 168 169.9 171.3 173.2

HEROMOTOCO 3215 3158.6 3177.5 3196.2 3215.1 3233.8 3252.7 3271.4

GAIL 387.5 376.2 380.2 383.9 387.9 391.6 395.6 399.3

TATAPOWER 87.5 84.4 85.3 86.4 87.3 88.3 89.2 90.3

HDFCBANK 1440 1414.3 1421.5 1430.7 1437.9 1447.1 1454.3 1463.5

CIPLA 590.8 577.9 581.5 586.2 589.8 594.5 598.1 602.8

AMBUJACEM 243.4 235.4 238.2 240.8 243.7 246.3 249.1 251.7

LT 1682.8 1613.8 1642.4 1662.6 1691.3 1711.5 1740.1 1760.3

HDFC 1481.7 1439.6 1452.9 1467.3 1480.7 1495.1 1508.4 1522.8

HINDALCO 193.8 186.3 189.3 191.5 194.6 196.8 199.8 202

WIPRO 513 505.5 507.2 510.1 511.8 514.7 516.4 519.3

MARUTI 6265 6122.1 6179.1 6222 6279 6322 6379 6421.9

BOSCHLTD 22800.1 22271 22456 22628 22813 22985 23170 23342

HCLTECH 849.8 833.2 840.1 844.9 851.8 856.6 863.5 868.3

ITC 272.9 267.9 269.4 271.1 272.6 274.4 275.9 277.6

YESBANK 1556.2 1518.9 1534.3 1545.2 1560.6 1571.5 1586.9 1597.8

COALINDIA 284.8 275.1 277.6 281.2 283.7 287.3 289.8 293.4

ONGC 186.4 182.4 184 185.2 186.8 188 189.6 190.8

M&M 1280.3 1248.5 1258.6 1269.5 1279.6 1290.5 1300.6 1311.5

ULTRACEMCO 4079 3957.3 4011.2 4045.1 4098.9 4132.8 4186.7 4220.6

AXISBANK 504.6 487.4 494.9 499.8 507.3 512.2 519.7 524.6

INDUSINDBK 1409.2 1377.1 1390.4 1399.8 1413 1422.4 1435.7 1445.1

TECHM 442.5 425.7 433.9 438.2 446.4 450.7 458.9 463.2

ICICIBANK 278.1 267.7 271.7 274.9 279 282.2 286.2 289.4

TATAMOTORS 468 449 457.8 462.9 471.7 476.8 485.6 490.7

ASIANPAINT 1074.8 1051.8 1062.5 1068.6 1079.3 1085.4 1096.1 1102.2

TATAMTRDVR 283 275.4 278.8 280.9 284.3 286.4 289.8 291.9

GRASIM 1056.3 1022.2 1036.1 1046.2 1060.1 1070.2 1084.1 1094.2

POWERGRID 194.7 192.3 193.4 194.1 195.2 195.8 196.9 197.6

ZEEL 546.3 534.5 538.8 542.5 546.8 550.5 554.8 558.5

ACC 1470 1429.8 1445.6 1457.8 1473.7 1485.9 1501.7 1513.9

HINDUNILVR 922 906.4 913.8 917.9 925.3 929.4 936.8 940.9

SBIN 288.3 278.6 283.1 285.7 290.3 292.9 297.4 300

INFY 982.6 952.2 965.6 974.1 987.5 996 1009.4 1017.9

AUROPHARMA 658.8 637.5 646.6 652.7 661.7 667.8 676.9 683

TATASTEEL 492.2 470.7 480.7 486.4 496.4 502.1 512.1 517.8

RELIANCE 1405.3 1362.4 1382.5 1393.9 1413.9 1425.3 1445.4 1456.8

DRREDDY 2655 2576 2615 2635 2674 2694 2733 2753

IBULHSGFIN 954.2 919.9 936.2 945.2 961.5 970.4 986.7 995.7

KOTAKBANK 873 841.1 855.5 864.3 878.7 887.5 901.9 910.7

ADANIPORTS 348.1 336.8 341.2 344.6 349 352.4 356.8 360.2

LUPIN 1408.3 1351.7 1378.9 1393.6 1420.8 1435.5 1462.7 1477.4

SUNPHARMA 667 635.1 648.7 657.8 671.4 680.5 694.1 703.2


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weekly report 10 april to 14 april 2017

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