EQUITY WEEKLY REPORT COMMODITY WEEKLY REPORT · PDF fileEQUITY WEEKLY REPORT COMMODITY WEEKLY...

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COMMODITY WEEKLY REPORT 9 TO 13 JAN. 2017 EQUITY WEEKLY REPORT 13 FEB. TO 17 FEB. 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 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

GLOBAL INDICES WEEKLY


NASDAQ 5734.13 4.49

CAC 40 4828.32 -1.48

DAX 11666.97 0.71

FTSE 100 7258.75 0.88

NIKKEI 19378.93 -0.73

HANG SENG 23574.98 4.98

SHANGHAI COM. 3197.33 1.00

INDIAN CURRENCY WEEKLY

CURRENCY CLOSE CHANGE (%)

USD-INR 66.88 -0.65

EUR-INR 71.38 -1.69

GBP-INR 83.52 -0.82

JPY-INR 58.95 -1.23

USD INDEX 100.71 0.15

NIFTY WEEKLY TOP LOSERS


DR.REDDYS LAB 2976.05 -5.36

HINDALCO 182.05 -5.06

TATAMOTOR-DVR 317.75 -4.88

CIPLA 579.95 -4.60

ONGC 193.65 -3.63


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FUNDAMENTAL VIEW:-

The market closed higher for third consecutive week on stable earnings and Union Budget. .Benchmark

indices settled the day flat even ahead of December factory output later today on hopes of reviving econo-

my. The factory output grew by 5.7% in November even after the note ban announced by PM Narendra

Modi. Sentiment was also affected as Asian shares rallied to an 18-month peak on Friday, as investors

cheered upbeat Chinese trade data.

TECHNICAL VIEW:-

NIFTY 50 ended the week on a positive note and close at 8793.55. The index made a weekly high of

8822.10 and a low of 8771.20 . Immediate resistance for Nifty 50 lies around 8800 level and strong re-

sistance lies around 8950 level. Immediate support lies around 8600 level and strong support around 8460

level.

Broad range for Nifty 50 in the week can be seen between levels of 8600 and 9000

WEEKLY SUPPORT & RESISTANCE:-

NIFTY WEEKLY OUTLOOK

NIFTY WEEKLY

CLOSE 8793.55

OPEN 8812.35

HIGH 8822.10

LOW 8771.20

CHANGE 52.6

% CHANGE 0.6

SYMBOL S1 S2 S3 PIVOT

POINT

R1 R2 R3

NIFTY 8731.7 8669.8 8624.6 8776.9 8838.8 8884 8945.9


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FUNDAMENTAL VIEW:-

Last leg of quarterly earnings, inflation data and trend in the Uttar Pradesh assembly polls would dictate

the sentiment in the stock market going ahead, according to experts. After the announcement of no

change on RBI policy market close positive mode. Upcoming results and elections can affect the market.

TECHNICAL VIEW:-

NIFTY BANK ended the week on positive note and close at 20213.80.The index made a high of 20302

and low of 20208.15 in the week. Immediate support for Nifty Bank lies around 19900 level while strong

support lies around 19300 level. Immediate resistance for Nifty Bank lies around 20600 level while strong

resistance lies around 21000 levels.

Broad range for Nifty Bank in the week can be seen between levels of 19700 and 20700 on upside.

WEEKLY SUPPORT & RESISTANCE:-

NIFTYBANK WEEKLY OUTLOOK

SYMBOL S1 S2 S3 PIVOT

POINT

R1 R2 R3

NIFTYBANK 19988.7 19763.5 19526.6 20225.6 20450.8 2068.70 20912.9

NIFTYBANKWEEKLY

CLOSE 20213.8

OPEN 20270.30

HIGH 20302.00

LOW 20208.15

CHANGE 17

% CHANGE 0.08


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OUR WEEKLY RECOMMENDATIONS (FUTURES)

L&T FINANCE FUTURE (23-Feb-2017):-

L&T FINANCE FUTURE has given a positive on RSI and MACD indicators. The stock future is moving

in uptrend with good OI. Support for ACC Ltd. future lies at 102 level while resistance lies at 118level .

Buy ACC Cements Ltd future (23-Feb-2017) above 110 keeping first target around 118 and final target

around 128 , maintaining a stop loss below 102.

MOTHERSON SUMI FUTURE (23-Feb-2017):-

MOTHERSON SUMI FUTURE (23-Feb-2017) looks Strong on charts. This stock showing positive trend

after some consolidation . On RSI and MACD is showing upside momentum . Support for the stock lies at

level of 350.45 . Resistance for the stock lies at 390 levels.

Buy MOTHERSON SUMI FUTURE 23-Feb-2017) above 360 keeping first target around 390 and second

target around 400 level, maintaining a stop loss below 350.45.

SYMBOL MOTHER-

SON SUMI

SEGMENT FUTURE

ENTRY 360

TG1 390

TG2 400

SL 350.45

SYMBOL L&T FIN

SEGMENT FUTURE

ENTRY 110

TG1 118

TG2 128

SL 102


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OUR WEEKLY RECOMMENDATIONS (CASH)

ALKEM LAB LTD:-

ALKEM LAB LTD. looks very strong technically. The stock has potential for a fresh rally making new

highs. On RSI looks strong upside . Support for stock lies at 1645 level while Resistance lies at 1950 level.

Buy ALKEM LAB LTD above 1845 keeping first target around 1950 and final target around 2100, main-

taining a stop loss below 1645.

ROH LIMITED:-

ROH LIMITED has given a positive trend and has seen a strong rise in volume. After breakout it will go

upside and also good sign on RSI. Support for the stock lies at level of 78 and resistance at 94 level.

Buy ROH LIMITED above 88 keeping first target around 94 and final target around 102, maintaining a

stop loss below 78.

SYMBOL ROH LTD

SEGMENT CASH

ENTRY 88

TG1 94

TG2 102

SL 78

SYMBOL ALKEM

LAB

SEGMENT CASH

ENTRY 1845

TG1 1950

TG2 2100

SL 1645


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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 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


74.95

SYMBOL ACC

SEGMENT Future

ENTRY 1420

TG1 1455

TG2 1500

SL 1360


1473


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STOCKS IN NEWS

INFOSYS LTD :-

Infosys Ltd declined to respond to Mr Balakrishnan's comments. The company downplayed talk of governance lapses in a lengthy statement issued on Thursday that backed Mr Sikka's performance. This board is a big letdown," said Mr Balakrishnan, who also criticized the appointment of a law firm to receive and assess input from stakeholders and make recommendations to the board.

SBI :- SBI had reduced marginal cost of funds based lending rate (MCLR) sharply by 0.9 per cent from 8.90 per cent to 8 per cent for 1-year tenure. After announcing the sixth monetary policy on Wednesday, RBI Governor said there was scope for more rate cuts by banks, pointing out that the weighted average lending rate has come down only by 0.85-90 per cent as against a 1.75 per cent cut in policy rates since January 2015 .

AUROBINDO PHARMA :-

Indian drugmaker Aurobindo Pharma plans to set up a factory in the United States for injectable products, it said on Friday, days after U.S. President Donald Trump called on pharmaceutical companies to make more drugs locally.

TATA POWER :-

Tata Power today announced the appointment of Natarajan Chandrasekaran as the Chairman and Additional Director of the company from tomorrow. "Vide their letter dated February 10, 2017, Tata Sons has exercised the authority un-der the Company's Articles of Association and nominated N Chandrasekaran as Chairman of the Board of Directors of the Company with effect from February 11, 2017," Tata Power said in a BSE filing. Natarajan Chandrasekaran is the Chairman designate of Tata Sons Limited and currently the CEO and Managing Director of Tata Consultancy Ser-vices.

OIL AND NATURAL CORP (ONGC) :- Oil and Natural Corp (ONGC) will not export naphtha from Hazira as it supplies the fuel to a cracker operated by ONGC Petro additions Ltd (OPaL), four sources with knowledge of the matter said on Thursday. OPaL, promoted by ONGC and co-promoted by Gujarat State Petroleum Corp (GSPC) and gas company GAIL (India) Ltd, operates a cracker which has a capacity of 1.1 million tonnes of ethylene a year. Parag Milk Foods, a dairy compa-ny announced that the company has launched a new product ‘Absolute Whey Protein’ with the brand name ‘Avataar’. The product was launched on February 1, 2017 by the company. The new product launched is a domestic product and will be only available in India. Avataar, which comes with a chocolate flavor will be available in two sizes: 2.27kg (5Lbs) and 0.908kg (2Lbs). The product launched by the company happens to be 100% vegetarian.

VEDANTA LTD:-

Mining company Vedanta Resources is urgently trying to overcome technical issues at its Zambian copper operations that it says have the potential to produce the metal for another 50 years. The mining industry as a whole has been frustrated by a lack of available high-quality copper assets at time demand for the metal is predicted to rise and Vedanta is wrestling with the need to remove large amounts of water, amongst other issues. Vedanta has three smelters in Zambia, Africa's second biggest copper producer, and the import duty was expected to disrupt the supply of copper concentrate from neighbouring Democratic Republic of Congo. A $100 million payment to the Zambian government ordered by an English court over outstanding payments from a 2013 agreement had also been dealt with, he said. Konkola Copper Mines paid $20 million in January, will pay $22 mil-lion in February and the balance in instalments over the next 24 months.

TATA STEEL LTD :-

Tata Steel Ltd said on Thursday that its British arm has signed a definitive agreement to sell its speciality steel busi-ness to Liberty House Group for 100 million pounds ($125.55 million). (NSE), as it was listed in February 2007.Tata and Liberty House had entered into exclusive talks in November as the Tata group seeks to offload its money-losing assets and restructure European operations.


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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 8805.1 8691.2 8722.7 8763.9 8795.4 8836.6 8868.1 8909.3

EICHERMOT 24800 23439.8 23771.0 24285.5 24616.8 25131.3 25462.5 25977.0

YESBANK 1457 1378.3 1394.1 1425.6 1441.4 1472.9 1488.7 1520.2

TATAPOWER 83.4 79.9 80.7 82.0 82.8 84.2 85.0 86.3

KOTAKBANK 792 765.8 772.7 782.3 789.2 798.8 805.7 815.3

M&M 1299 1151.7 1182.8 1240.9 1271.9 1330.0 1361.1 1419.2

INFY 984 946.0 954.4 969.2 977.7 992.5 1000.9 1015.7

POWERGRID 203 195.9 197.7 200.4 202.2 204.8 206.6 209.3

ZEEL 526 508.5 512.0 519.0 522.5 529.5 533.0 540.0

HINDALCO 184.8 175.3 178.5 181.6 184.8 187.9 191.1 194.2

HINDUNILVR 863 843.1 847.8 855.4 860.1 867.7 872.4 880.0

INDUSINDBK 1340 1302.5 1310.5 1325.3 1333.3 1348.0 1356.0 1370.8

WIPRO 475 460.8 464.0 469.5 472.8 478.3 481.5 487.0

INFRATEL 321 309.9 313.6 317.3 320.9 324.6 328.3 332.0

NTPC 172 168.8 169.9 170.9 172.0 173.1 174.2 175.2

TATASTEEL 472.4 462.4 466.3 469.3 473.2 476.2 480.1 483.1

AMBUJACEM 239 226.2 229.9 234.4 238.1 242.6 246.3 250.8

HDFCBANK 1311.3 1286.2 1292.7 1302.0 1308.5 1317.8 1324.3 1333.6

HDFC 1395.5 1353.4 1363.0 1379.2 1388.8 1405.0 1414.6 1430.8

TCS 2409.1 2338.0 2360.2 2384.6 2406.8 2431.3 2453.5 2477.9

AXISBANK 491 480.1 483.4 487.2 490.5 494.3 497.6 501.4

BAJAJ-AUTO 2810.5 2759.3 2772.2 2791.3 2804.2 2823.3 2836.2 2855.3

CIPLA 581.1 566.9 571.5 576.3 580.8 585.6 590.2 595.0

BHARTIARTL 358 347.6 350.5 354.2 357.1 360.9 363.8 367.5

SUNPHARMA 655.6 637.8 642.9 649.3 654.4 660.7 665.8 672.2

LT 1503 1459.3 1470.4 1486.7 1497.9 1514.2 1525.3 1541.6

RELIANCE 1030 1011.3 1016.7 1023.3 1028.7 1035.3 1040.7 1047.3

ACC 1485.3 1423.9 1443.0 1464.1 1483.2 1504.3 1523.4 1544.5

ICICIBANK 281.2 274.6 277.1 279.1 281.6 283.7 286.2 288.2

ULTRACEMCO 3756 3696.7 3726.3 3741.2 3770.8 3785.7 3815.3 3830.2

TECHM 499.1 485.6 490.6 494.8 499.8 504.0 509.0 513.2

HCLTECH 825.9 807.4 814.2 820.1 826.9 832.7 839.5 845.4

BPCL 712.9 700.2 705.1 709.0 714.0 717.9 722.8 726.7

GAIL 481.5 457.9 466.7 474.1 482.9 490.3 499.1 506.5

DRREDDY 2963 2916.8 2936.1 2949.6 2968.9 2982.4 3001.7 3015.2

TATAMTRDVR 316 306.4 310.3 313.2 317.1 319.9 323.8 326.7

ADANIPORTS 309.1 294.0 299.3 304.2 309.5 314.4 319.7 324.6

ASIANPAINT 984.3 958.7 970.1 977.2 988.6 995.7 1007.1 1014.2

ONGC 191.9 186.6 188.7 190.3 192.4 194.0 196.1 197.7

COALINDIA 321 310.0 312.4 316.7 319.1 323.4 325.8 330.1

TATAMOTORS 504 491.2 497.3 500.6 506.7 510.0 516.1 519.4

GRASIM 999.5 968.3 982.7 991.1 1005.6 1014.0 1028.4 1036.8

ITC 270.1 259.2 263.9 267.0 271.7 274.7 279.4 282.5

LUPIN 1445.7 1400.1 1422.6 1434.1 1456.6 1468.1 1490.6 1502.1

HEROMOTOCO 3221.3 3133.0 3174.0 3197.7 3238.7 3262.4 3303.4 3327.1

BOSCHLTD 22335 21525.1 21913.0 22124.0 22512.0 22723.0 23110.9 23321.9

MARUTI 6012 5824.8 5913.4 5962.7 6051.3 6100.6 6189.2 6238.5

SBIN 271.5 260.3 265.3 268.4 273.3 276.4 281.4 284.5

BHEL 154.9 146.1 149.1 152.0 155.0 157.9 160.9 163.8

AUROPHARMA 660.7 627.5 643.2 652.0 667.7 676.5 692.2 701.0

IDEA 107.2 99.9 102.1 104.6 106.8 109.3 111.5 114.0


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