WEEKLY EQUITY REPORT

08-04-2019 TO 12-04-2019

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Keep an Eye on Changing Market Place…WEEKLY INDICES

INDEX CURRENT PREVIOUS CHANGE

NIFTY BANK 30,084.65 29,904.90 0.6

NIFTY AUTO 8,564.60 8,536.35 0.33

NIFTY FIN SERVICE 12,594.95 12,499.70 0.76

NIFTY FMCG 29,869.15 29,998.70 -0.43

NIFTY IT 15,923.05 15,744.80 1.13

NIFTY MEDIA 2,440.85 2,428.00 0.53

NIFTY METAL 3,132.35 3,071.90 1.97

NIFTY PHARMA 9,271.55 9,263.40 0.09

NIFTY PSU BANK 3,294.90 3,318.20 -0.7

NIFTY PVT BANK 17,111.80 16,961.60 0.89

NIFTY REALTY 276 272.4 1.32

GLOBAL INDICES CHANGES

Name Current Value Change

Nasdaq 7891.78 0.05%

CAC 5482.18 0.34%

FTSE 7425.58 0.32%

Nikkei 225 21807.50 0.38%

Hang Seng 29936.32 0.17%

Top Stories This Week

Name Current Value Change

LAKSHVILAS B 92.80 30.70%

RENUKA 12.25 20.69%

GODREJPROP 976.15 20.05%

TATAMTR 205.15 17.73%

ORIENTCE 92.80 17.47%

NameCurrent Value Change

RCOM 3.35 19.28%

IDEA 16.30 1068%

COROMANDALINT. 456.10 10.13%

CERA 2777.15 9.99%

BPCL 358.10 9.92%

TOP GAINER WEEKLY

TOP LOSER WEEKLY

1. Lakshmi Vilas Bank board approves merger with Indiabulls Housing Finance

2. NaMo TV is a special service, not a news channel: Tata Sky makes U-turn

3. Samsung profit slumps 60% in Q1, lowest since third quarter of 2016

4. MacKenzie Bezos to be world's 4th-richest woman after divorcing Amazon CEO

5. Jet lenders to push forward with rescue plan but no clarity on interim loan

6. Balrampur Chini hits 52-week high as board approves share buyback

7. Indian equities grab major chunk of foreign inflows into Asia in March

8. RBI monetary policy: Repo rate lowered by 25 bps to 6% to boost growth

9. Consumers are getting optimistic about general economic situation: RBI

10.Finance Ministry wary of MFs' entry into commodity derivatives space

11. BOI to sell 25% stake worth $160 mn in Star Union Dai-ichi Life Insurance

S2 S Nity R R2 R3

MA20 MA50 MA10 MA200

NIFTY CORNER

NIFTY ANALYSIS

NIFTY 50 Index closed the week onpositive note gaining +42.05 Points(+0.36%).Weekly High: 11761Weekly Low: 11559.20Weekly Close: 11665.95Nifty last week as we predictedtouched all time high levels, whichwould act as stiff resistance for theindex. One should go long on niftyonly once it closes above 11761 levels,During last week nifty formed bearishengulfing candlestick pattern andfrom there we have seen profitbooking. Technically on the dailycharts we see minor support on thedownside for nifty 50 index lies at11300 11350 levels, whereas minorresistance on the upside is cappedaround 11750- 11800 levels.If nifty 50 index breaches minorsupport on the downside and closesbelow it we may see fresh break downand index can drag index towardsmajor support on lower side around11000- 10900 and if breaches minorresistance on the upside and closesabove it we may see fresh breakoutand index can head towards higherlevels around 12000- 12100Currently nifty 50 index is tradingabove 200 days exponential movingaverage and suggests long term trendis bullish.We predicts range for the week isseen from 12000-12100 on upsideand 11000-10900 on downside. https://www.finetechresearch.com/

MARKET COMMENTARYWEEK AHEAD

BANKNIFTY ANALYSIS

BANKNIFTY Index closed the week on negative note -342.15 Points (-1.12%).Weekly High: 30648.10Weekly Low: 29809.9Weekly Close: 30084.65Last week we have seen some profit booking in nifty bank index, Technically on the daily charts we see minor support on the downside for index lies at 29800- 29700 levels, whereas minor resistance on the upside is capped around 30600- 30650 levels.If Nifty bank index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 29150- 29200 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 31000-31100Currently Nifty bank index is trading above 200 days exponential moving average and suggests long term trend is bullish.We predicts range for the week is seen from 31000-31100 on upside and 29150- 29200 on downside.

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SHANKARA CASHOn the daily chart, the stock is moving upside from immediate support of 305 on monthly chart . It is also taken support around 80 mvg avg . the stock is continue in an uptrend move last couple of days It may tend to move further for upside iif stocksustain above 460 level it will hit 550. we recommend to buy the stock above 460 for the upside target of 500 with stop loss below 420 level.

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SRF CASHThe chart shows fine breakout from 200 MVG AVG on weekly chart level. The starting of 2019 has been marvelous for SRF. On the daily chart, the stock is continue in an uptrend move last couple of days It may tend to move further for upside if close above 500.This stock is in smooth uptrend with high volume and On monthly view it is given breakout around 2510.,Hence, we recommend buy the stock above 2510- for the upside level of 2620 in the short term with stop loss below 2380 levels.

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DCAL CASHOn the daily chart, the stock is moving upside from immediate support of 175 on monthly chart . It is forming Double Bottom on weekly chart and it has given breakout since then it has moved 50 point .It is also taken support around 200 mvg avg .if stocksustain above 230 level it will hit new 52 week high. we recommend to buy the stock above 235 for the upside target of 250.30 with stop loss below 212 level.

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LAKSHVILAS CASHThe primary trend of the stock has started up at present from support, It will show breakout upside with decent volumes. And it has also found breakout on weekly chart in double bottom pattern which plot its trend intact . It is in bullish trend with other factor indicating buying too .In 2019 we expect it to hit 150,Hence, we recommend buy the stock above 93.60 for the upside target of 105 with stop loss below 83 levels.

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