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Equity WEEKLY REPORT

26-SEP-2016

GLOBAL MARKET WEEKLY

INDICES CLOSE CHANGE (%)

DOW JONES 18261.45 0.75

NASDAQ 5305.75 1.16

CAC 40 4488.69 3.60

DAX 10626.97 3.41

FTSE 100 6909.43 2.88

NIKKEI 16754.02 1.42

HANG SENG 23686.48 1.50

SHANGHAI COM. 3033.79 1.03

NIFTY WEEKLY TOP GAINERS

SCRIPT CLOSE CHANGE (%)

HINDALCO 154.45 8.27

EICHER MOTORS 24853.20 7.43

AURO PHARMA 841.15 7.13

BHARTI INFRATEL 370.65 5.43

YES BANK 1233.15 5.42

NIFTY WEEKLY TOP LOSERS

SCRIPT CLOSE CHANGE (%)

AXIS BANK 557.45 -7.43

LUPIN 1489.45 -3.12

IDEA CELLULAR 82.50 -3.11

ITC 253.45 -2.65

TECH MAHINDRA 454.60 -2.30

INDIAN MARKET WEEKLY OUTLOOK

INDIAN INDICES WEEKLY

INDICES CLOSE CHANGE (%)

NIFTY 8831.55 0.58

SENSEX 30 28668.22 0.24

NIFTY 500 7554.90 0.90

NIFTY BANK 19901.80 0.23

NIFTY IT 10391.05 -0.07

NIFTY MIDCAP 15672.90 2.19

NIFTY SMALL CAP 6336.65 1.54

INDIAN SECTORIAL INDICES WEEKLY

INDICES CLOSE CHANGE (%)

NIFTY PHARMA 11798.65 0.62

NIFTY AUTO 10224.95 1.05

NIFTY METAL 2542.00 3.71

NIFTY FMCG 22315.75 -1.96

NIFTY ENERGY 9886.05 2.5

NIFTY INFRA 2902.65 1.32

NIFTY FIN. SER. 8216.65 0.63

NIFTY SER. SEC.. 11160.60 0.45

NIFTY MEDIA 2931.25 0.99

NIFTY REALTY 210.55 2.43

COMMODITY AND CURRENCY WEEKLY

INDICES CLOSE CHANGE (%)

GOLD COMEX 1341.55 2.15

GOLD INDIAN 31306 1.63

SILVER COMEX 19.760 4.85

SILVER INDIAN 46800 3.42

WTI CRUDE NY. 44.62 3.21

CRUDE INDIAN 2978 3.25

USD-INR 66.65 -0.49

EUR-INR 74.91 -0.53

GBP-INR 86.38 -2.04

JPY-INR 66.04 1.38

NIFTY WEEKLY OUTLOOK

Nifty ended the week marginally up at 8831.55 .

Nifty looked week throughout the week on daily

charts giving up all the gains of Thursday’s gap

up opening. Week was dominated by bears as

profit booking dragged the index closer to previ-

ous week’s closing.

Hovering in the range of 8900 and 8750 levels,

strong support lies in the range of 8750 to 8690

levels. The resistance can be seen around 8900-

9000 levels. Broad range for Nifty in upcoming

week is seen between levels of 8950 and 8690.

NIFTY WEEKLY

INDEX CLOSE CHANGE CHG.(%)

NIFTY 8831.55 51.7 0.58

Nifty Bank ended the week on cautious note

closing marginally higher at 19901.80. On week-

ly chart the index has closed the week forming a

doji pattern, followed by a doji of previous week

in the same range. Two doji candles near to the

top of the uptrend symbolizes the strength of

bears.

Upside levels can be seen up to levels of 20350 to

20500 if global trend supports. Crucial support

lies between 19750-19700. Below this index can

drift to 19500-19100. Broad range for the Nifty

Bank in the upcoming week is 20350 to 19500.

NIFTY BANK WEEKLY

INDEX CLOSE CHANGE CHG.(%)

NIFTY BANK 19901.80 46.35 0.23

NIFTY BANK WEEKLY OUTLOOK

WEEKLY STOCK CASH RECOMMENDATION

WEEKLY STOCK RECOMMENDATION

WEEKLY STOCK FUTURE RECOMMENDATION

Prestige Estates Project Ltd is moving

in strong up trend forming higher bot-

tom and higher tops on weekly chart.

The stock is trading above 20 day mov-

ing average supported by strong RSI

indication.

Buy Prestige Estates near 215 keeping

first target around 225 and second tar-

get around 240 maintaining stop loss of

Rs.205.

PRESTIGE ESTATES PROJECT LTD

ENTRY TARGET STOPLOSS

215 225 205

SRF Future (29-SEP-16) has shown strong

bullishness with maximum rise in open in-

terest and high volume on NSE. Futures

touched the life time highs and the up streak

from RSI indicates the potential to ascend

more, supported by strong fundamentals.

Buy SRF Future above 1790 keeping first

target around 1820 and second target

around 1845, maintaining a stop loss below

1775.

SRF(FUTURE)

ENTRY TARGET STOPLOSS

1790 1845 1775

STOCK IN NEWS

AXIS BANK

Shares of Axis Bank on Friday fell 5.8%, the

steepest fall in 11 months, after news reports

indicated that the government may start sell-

ing some of its stake in the lender.

At the end of the June quarter, the govern-

ment owned 11.51% in Axis via the Specified

Undertaking of Unit Trust of India, or

SUUTI. The government is currently hiring

merchant bankers for divesting stakes held

under SUUTI.

WELSPUN INDIA

Welspun India Ltd., (WIL), part of the US$

2.3 billion Welspun Group is thrilled to an-

nounce that it has secured the “Interactive

Textile Article and Augmented Reality Sys-

tem” patent, which protects Welspun’s new

product line TILT. The patent covers a sys-

tem that has textile material with a design

motif and an augmented reality software ap-

plication. The software application is de-

signed to allow a user to scan the design mo-

tif on the textile material, and enter an aug-

mented reality portal that is thematically re-

lated to the design motif. .

WEBSOL ENERGY SYSTEM

Websol Energy System hit 20% upper cir-

cuit after the company announced that the

Reserve Bank of India (RBI) approved the

restructuring of outstanding foreign curren-

cy convertible bonds (FCCBs) subject to cer-

tain conditions. .

GAYATRI PROJECTS

Hyderabad-based Gayatri Projects limited

has bagged Rs 1,255

crore highway contract in joint venture with

Russian construction company PTPS for engi-

neering, procurement and constriction (EPC)

basis from the National Highway Authority of

India.

INFRA SECTOR

Sebi on Friday reduced the required manda-

tory sponsor holding in InvITs to 15 per cent

and also allowed InvITs to invest in a two-

level special purpose vehicle (SPV) through

holding companies. Sebi has also removed the

limit on the number of sponsors of InvITs, al-

lowing consortiums of multiple developers and

investors which hold investments

in infrastructure projects to explore the-

InvIT option. With this infrastruc-

ture companies can expect to unlock greater

liquidity and a simplified structure.

MOREPEN LABORATORIES

The company is in talks with Ajay Piramal

Group to sell its OTC (over-the-counter) busi-

ness of market leading brands such as Burnol

as it plans to monetize some of its mainstream

brands when larger rivals look to expand their

consumer product portfolio .

BHARAT FINANCIAL

Shares of Bharat Financial Inclusion, rallied

5.6 percent intraday after the company

launched its (QIP) offer worth Rs 750 crore.

NIFTY STOCKS WEEKLY PIVOT TABLE

Last week price Resistance Zone Pivot

Point

Support Zone

Stock Name Week

Close Res-3 Res-2 Res-1 Sup-1 Sup-2 Sup-3

NIFTY 8831.6 9033.6 8963.5 8897.5 8827.4 8761.5 8691.4 8625.4

BANKNIFTY 19901.8 20709.3 20487 20194.4 19972.2 19679.6 19457.3 19164.7

SENSEX 28668.2 29282.2 29077.1 28872.7 28667.5 28463.1 28257.9 28053.5

ACC 1613.3 1714.6 1693.3 1653.3 1632 1592 1570.7 1530.7

AMBUJACEM 258.2 276.8 273 265.6 261.9 254.5 250.7 243.3

ASIANPAINT 1192 1257.6 1230.5 1211.3 1184.2 1165 1137.9 1118.7

AXISBANK 556.5 650 631 593.7 574.7 537.4 518.4 481.1

BAJAJ-AUTO 2928 3163.1 3087.7 3007.9 2932.5 2852.6 2777.2 2697.4

BANKBARODA 169.1 181.5 177 173 168.5 164.5 160 156

BHARTIARTL 326.9 344.3 337.2 332 324.9 319.7 312.6 307.4

BHEL 146.1 157.2 153.9 150 146.8 142.9 139.6 135.7

BPCL 603.2 642.6 625.4 614.3 597.1 586 568.8 557.7

CAIRN 196.7 212.9 206.3 201.5 194.9 190.1 183.5 178.7

CIPLA 611.1 646 631.9 621.5 607.4 596.9 582.8 572.4

COALINDIA 329 338.5 336 332.5 330 326.5 324 320.5

DRREDDY 3180 3273.3 3236.7 3208.3 3171.7 3143.3 3106.7 3078.3

GAIL 386 399.2 396.6 391.3 388.7 383.4 380.8 375.5

GRASIM 4896.3 5134.2 5055.1 4975.7 4896.6 4817.2 4738.1 4658.7

HCLTECH 795 827.5 815.7 805.4 793.6 783.3 771.5 761.2

HDFC 1424 1485 1456.1 1440.1 1411.2 1395.1 1366.2 1350.2

HDFCBANK 1312 1354.9 1336.7 1324.3 1306.1 1293.8 1275.6 1263.2

HEROMOTOCO 3519.4 3818.6 3717.7 3618.5 3517.6 3418.4 3317.5 3218.3

HINDALCO 154.3 175.4 166.1 160.2 151 145.1 135.8 129.9

HINDUNILVR 910 930.2 922.4 916.2 908.4 902.2 894.4 888.2

ICICIBANK 271.2 288 283 277.1 272 266.1 261.1 255.2

IDEA 82.2 88.2 86.9 84.6 83.3 81 79.7 77.4

IDFC 61.5 66.3 64.5 63 61.2 59.7 57.9 56.4

INDUSINDBK 1213 1306.4 1268.5 1240.8 1202.9 1175.2 1137.3 1109.6

INFY 1041 1088.8 1078.9 1059.9 1050 1031 1021.1 1002.1

ITC 253.1 270.7 266.6 259.9 255.8 249.1 245 238.3

KOTAKBANK 793.1 833.5 822.9 808 797.3 782.4 771.8 756.9

LT 1491.4 1567.6 1541.8 1516.6 1490.8 1465.6 1439.8 1414.6

LUPIN 1487.1 1615.7 1588.8 1537.9 1511 1460.1 1433.2 1382.3

M&M 1411.8 1455.4 1442.5 1427.1 1414.2 1398.8 1385.9 1370.5

NIFTY STOCKS WEEKLY PIVOT TABLE

SCRIP RECOM ENTRY TGT-1 TGT-2 STOPLOSS STATUS

IL&FS ENGINEERING BUY 58 65 74 47 1st TARGET

ENGINEERS INDIA BUY 269 275 291 255 1st TARGET

BHEL BUY 136 142 151 130 2nd TARGET

MOIL BUY 271 289 306 253 OPEN POSITION

CHOLAMANDALAM BUY 1104 1150 1205 1050 OPEN POSITION

SBIN BUY 255 274 292 235 OPEN POSITION

IBULHSGFIN BUY 825 850 880 800 STOPLOSS

VEDANTA LTD BUY 172 185 198 160 OPEN POSITION

BANK OF BARODA BUY 165 178 185 150 1st TARGET

YES BANK BUY 1390 1450 1510 1340 1st TARGET

RBL BANK BUY 300 320 340 280 OPEN POSITION

RELIANCE INFRA BUY 610 640 695 570 1st TARGET

OUR MONTHLY RECOMMENDATIONS

Last week price Resistance Zone Pivot

Point

Support Zone

Stock Name Week

Close Res-3 Res-2 Res-1 Sup-1 Sup-2 Sup-3

MARUTI 5611 5848 5741.1 5676 5569.1 5504 5397.1 5332

NMDC 105.3 112 109.4 107.3 104.7 102.7 100.1 98

NTPC 157 164.2 161.1 159.1 156 153.9 150.8 148.8

ONGC 259.8 278.4 270.9 265.3 257.8 252.3 244.8 239.2

PNB 139.1 148.8 145.3 142.2 138.7 135.6 132.1 129

POWERGRID 176 185.5 182.9 179.5 176.9 173.4 170.8 167.4

RELIANCE 1101.6 1158.2 1133.8 1117.7 1093.4 1077.3 1052.9 1036.8

SBIN 254.3 266.6 262.7 258.5 254.6 250.3 246.4 242.2

SUNPHARMA 778 801.5 796.1 787.1 781.7 772.7 767.3 758.3

TATAMOTORS 554.5 582.6 572.8 563.6 553.8 544.7 534.9 525.7

TATAPOWER 75.7 80.8 79.1 77.4 75.7 74 72.3 70.6

TATASTEEL 371.9 407.2 393.5 382.7 369 358.2 344.5 333.7

TCS 2400 2513.3 2470.7 2435.3 2392.7 2357.3 2314.7 2279.3

TECHM 454 490 482.4 468.2 460.5 446.3 438.7 424.5

ULTRACEMCO 3962.8 4169 4099.5 4031.2 3961.7 3893.3 3823.8 3755.5

VEDANTA 169.9 185.5 178.9 174.4 167.8 163.3 156.7 152.2

WIPRO 480.5 494.1 489.6 485.1 480.6 476.1 471.6 467.1

YESBANK 1231.6 1378.3 1318.7 1275.1 1215.5 1171.9 1112.3 1068.7

ZEEL 525.1 550.5 542.8 533.9 526.2 517.3 509.6 500.7

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