WEEKLY RETURN INDEX OPEN CLOSE HIGH LOW

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1 KTG FINANCIAL AND RESEARCH WEEKLY NEWSLETTER (27 AUGUST AUGUST 2018) INDEX WEEKLY RETURN NIFTY +1.10% BANK NIFTY +0.80% SENSEX +1.00% INDEX OPEN CLOSE HIGH LOW NIFTY BANK NIFTY SENSEX

2 NIFTY OUTLOOK 1. The index made small bullish candle and formed 'Long Legged Doji' pattern on the daily charts. On the weekly charts, it formed 'Shooting Star' kind of pattern. 2. The index closes below 11,628 bears will not able snatch the game away from bulls. in case if 11,760 is decisively cleared then next target can be close to 11,950 kind of levels. 3. The Nifty has been flirting with the lower end of a medium term rising channel for last couple of sessions. After a tough battle in the last session, the bulls managed to contain the index within the channel. The bulls managed to defend the swing high of 11620, which is a positive sign for the short term up trend to persist. 4. During the week the index manages to hit a high of and close the week around the levels of Support for the index lies in the zone of to from where the index broke out of earlier high. If the index manages

3 to close below these levels then the index can drift to the levels of to from where the index broke out of double top and triangle pattern. 6. The index is trading at all time high so virtually no resistance exists. Resistance for the index lies around to where target of triangle break out pattern lies. If the index manages to close above these levels then the index can move to the levels of to

4 BANK NIFTY OUTLOOK 1. BANK NIFTY formed a inverted hammer on weekly charts and spinning top candle on daily timeframe. 2. BANK NIFTY trading in a rectangle further direction depends whether it break upper band of rectangle or lower band of rectangle. 3. During the week the index manages to hit a high of and close the week around the levels of Technically the support for the index lies in the zone of to where short term & long term moving averages are positioned. 5. Range for the week is seen from to on downside to to on upside.

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6 GLOBAL MARKET WEEKLY OUTLOOK

7 1. Most of the major indexes closed higher for the week, as large declines on Wednesday were offset by a rally on Thursday. The technology-heavy Nasdaq Composite Index lagged and recorded a modest loss. Consumer staples shares led gains in the S&P 500 Index for the week, but real estate and utilities shares also outperformed. Energy stocks retreated with oil prices and performed worst, hurt by a rise in U.S. inventories. 2. Key European indexes ended the week lower amid concerns about the health of Italian banks, Turkey s currency crisis, and uncertainty about global trade policies. Mixed corporate earnings results also weighed on some sectors. The German DAX 30, which is highly reactive to global trade uncertainty, fell nearly 2% for the week. The pan-european STOXX 600 Index ended the week with a loss of about 1.5%. 3. Japanese stocks zigzagged during the week and ended with a modest loss. The Nikkei 225 Stock Average fell 27 points (-0.1%) and closed at 22, on Friday. The Nikkei is 2.2% lower for the year to date. The broad-based TOPIX Index and the TOPIX Small Index also declined for the week and are down 6.6% and 8.9%, respectively, in The Yuan s unexpected weakness has been a growing concern for the U.S. and China. The currency has dropped more than 8% since March, according to Bloomberg, when U.S. trade relations worsened and China s central bank began loosening monetary policy to bolster a slowing economy. The Trump administration has accused China of deliberately weakening its currency for economic gain, and U.S. officials will reportedly lean on China to strengthen the yuan at this month s talks. However, China is also keen to prevent the yuan from falling too much, which could trigger massive capital outflows that could potentially destabilize the economy.

8 STOCKS TO WATCH FOR UPCOMING WEEK INDIABULLS HOUSING TVSMOTORS

9 STOCKS MENTIONED IN PREVIOUS REPORT DATE SCRIPT POSITION ENTRY TGT 1 TGT 2 SL PVR BUY LICHSGFIN BUY

10 LAST WEEK PERFORMER LEVEL 1. EQUITY CASH BASIC- BUY BHARATFORGE ABOVE 658 TGT 666,670,676 SL 640 (DID OUR FINAL TGT OF 676) 2. EQUITY OPTION BASIC- BUY TATASTEEL 600 CE ABOVE 6.8 TGT 8,9,10 SL 4 (DID OUR FINAL TGT OF 10) 3. EQUITY FUTURE BASIC- BUY SRF ABOVE 1989 TGT 1993,1995,1999 SL 1985 (DID OUR FINAL TGT OF 1999) 4. EQUITY CASH PREMIUM- BUY PVR ABOVE 1340 TGT 1353,1365 SL 1330 (DID OUR FINAL TGT OF 1365) 5. EQUITY OPTION PREMIUM- BUY SRF 2000 CE ABOVE 13 TGT 19,21 SL 10 (DID OUR FINAL TGT OF 21) 6. EQUITY FUTURE PREMIUM- BUY SRF ABOVE 1989 TGT 1993, 1999 SL 1985 (DID OUR FINAL TGT OF 1999)

11 DISCLAIMER- The recommendations made herein do not constitute an offer to sell or a solicitation to buy any securities mentioned. Readers using the information contained herein are solely responsible for their actions. The information and views contained herein are believed to be reliable but no responsibility or liability is accepted for errors of facts and opinions. Editors may or may not have trading or investment positions in the securities mentioned herein. KTG FINANCIAL AND RESEARCH SEBI Registered No. INA

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