COMMODITY WEEKLY REPORT 9 TO 13 JAN. 2017

Transcription

1 COMMODITY WEEKLY REPORT 9 TO 13 JAN EQUITY WEEKLY REPORT 14 MAR.TO 17 MAR Trade House 426 Alok Nagar, Kanadia Main Road Near Bangali Square Indore (M.P.) India Mobile : info@tradenivesh.in Telephone :

2 INDIAN MARKET WEEKLY OUTLOOK INDIAN INDICES WEEKLY INDICES CLOSE CHANGE (%) NIFTY SENSEX NIFTY NIFTY BANK NIFTY IT NIFTY MIDCAP NIFTY NEXT INDIAN SECTORIAL INDICES WEEKLY INDICES CLOSE CHANGE (%) NIFTY PHARMA NIFTY AUTO NIFTY METAL NIFTY FMCG NIFTY INFRA NIFTY WEEKLY TOP GAINERS SCRIPT CLOSE CHANGE (%) IDEA BHEL BOSCH CELLULAR BANK TCS YES BANK OF BARODA BHARTI GRASIM INDUSIND AIRTEL INDUST. BANK ITC BHARTI SBI INFRATEL DR. ZEE BHARTI REDDYS ENTERTAIN. AIRTEL LAB GLOBAL INDICES WEEKLY INDICES CLOSE CHANGE (%) NASDAQ CAC DAX FTSE NIKKEI HANG SENG SHANGHAI COM INDIAN CURRENCY WEEKLY CURRENCY CLOSE CHANGE (%) USD-INR EUR-INR GBP-INR JPY-INR USD INDEX NIFTY WEEKLY TOP LOSERS SCRIPT CLOSE CHANGE (%) DR.REDDYS IDEA CELLULAR LAB HINDALCO TECH MAHHIN DRA CIPLA TATA STEEL TATA HINDALCO MOTORS NTPC DR REDDYS LAB

3 NIFTY WEEKLY OUTLOOK NIFTY WEEKLY CLOSE OPEN HIGH LOW CHANGE 37 % CHANGE 0.41 FUNDAMENTAL VIEW:- Now state election will support to the market. The State elections results have set the Indian indices to prepare a new high. NIFTY is supposed to trigger a new rally now. Benchmark indices settled the day flat and posted small weekly gains as investors stayed cautious ahead of assembly election results. Exit polls declared yesterday showed BJP ahead of other rival parties in all the five states. Victory for BJP in Uttar Pradesh will boost PM Narendra Modi s chances of winning the 2019 general election. TECHNICAL VIEW:- NIFTY 50 ended the week on positive note gaining around 0.40% and close at The index made a weekly high of and a low of Immediate resistance for Nifty 50 lies around 8850 level and strong resistance lies around 9100 level. Immediate support lies around 8900 level and strong support around 8700 level. Broad range for Nifty 50 in the week can be seen between levels of 8700 and 9100.Closing with a small doji around high is confirming an inverse head & Shoulders pattern on weekly and daily charts, which may break on Tuesday. So we suggest you to buy the index if it sustains above 9020 for the targets of 9100 and 9200 with strict stop loss of WEEKLY SUPPORT & RESISTANCE:- S1 S2 S3 PIVOT POINT R1 R2 R3 NIFTY

4 NIFTYBANK WEEKLY OUTLOOK NIFTYBANKWEEKLY CLOSE OPEN HIGH LOW CHANGE % CHANGE 1.13 FUNDAMENTAL VIEW:- The BJP tsunami in Uttar Pradesh will counter any impact of feared rate increases in the United States and send markets climbing towards Mount 30k after a saffron-splashed long Holi weekend. But what can an emboldened PM Narendra Modi incrementally deliver that markets should watch for and how should investors position portfolios for the medium term? Three key themes should get a boost fiscal prudence, anti-corruption and GST. TECHNICAL VIEW:- NIFTY BANK ended the week on positive note gaining around 1.10%. The index made a high of and low of in the week. Bank nifty is already showing positivity on weekly and daily charts. Standing on resistance the index is all ready to break it and move further towards 52 week's high. All economic indicators are suggesting uptrend. So Buy it if it sustains above Range for the week is seen from to on downside & to on upside. WEEKLY SUPPORT & RESISTANCE:- S1 S2 S3 PIVOT POINT R1 R2 R3 NIFTYBANK

5 OUR WEEKLY RECOMMENDATIONS (FUTURES) HINDALCO FUTURE SELL 196 TG TG2 187 SL HINDALCO (30-Mrach-2017):- HINDALCO FUTURE (30-Mrach-2017) in this week performed poorly it remained bearish in the entire week. Respecting the strong resistance around 201, Hindalco future reversed and ate half of the gains of last week and closed with indications of further weakness. This week's candle shows that it is forming a double top kind of pattern which seems to find its next support around 182. RSI is also suggesting downtrend. But election result will bring a spike in the market. So Hindalco Future is Sell on rise around 196 for the targets of and 187 with strict stop loss of VEDL FUTURE SELL 262 TG1 256 TG2 250 SL 271 VEDL (30-March-2017):- VEDL (30-Mar-2017) is looking weak. It has also performed very poor in all the sessions of this week. Eating previous five weeks' candlesticks, the weekly candlestick has closed purely bearish with good volumes and RSI is also indicating that bears will control the stock. But market may trend upside for the election results, so sell is made around resistance. So we advise you to sell VEDL Future for this week from high around 262 for the targets of 256 and 250 with strict stop loss of 271.

6 OUR WEEKLY RECOMMENDATIONS (CASH) TVS MO- TOR CASH BUY 430 TG1 440 TG2 450 SL 416 TVS MOTOR :- TVSMOTOR is a good buy for this week, as even after breaking the immediate support, it has seen a little pull back in the last two trading sessions. And RSI on both daily and weekly charts is moving to signal buy. Buy TVS MOTOR above 430 for the targets of 440 and 450 maintain stop loss around 416. RAJESH EXPORTS CASH BUY 546 TG1 556 TG2 570 SL 534 RAJESH EXPORTS :- RAJESH EXPORTS has broken an important resistance last week and has closed with a fully bullish candlestick this week also. It may consolidate around 545 because of Fibonacci's 38.2% resistance but it seems to break it to touch 50%. Buy RAJESH EXPORTS above 525 keeping first target around 556 and final target around 570, maintaining a stop loss below 534.

7 STATUS OF OUR LAST WEEKLY RECOMMENDATIONS ACC HINDALCO Future FUTURE BUY ENTRY TG TG SL 1360 SL 195 ACHIVED ACHIVED 1455 and High is SL HIT 1473 INDIA BPCL BULLS REAL ESTATE Future FUTURE ENTRY BUY TG TG2 TG SL SL 615 ACHIVED ACHIVED 74 and High is High is ENTRY 5980 TG TG SL 5700 MARUTI SUZUKI CASH CASH ACHIVED 6200and High is High is 6217 TIMKEN HINDPETRO INDIA CASH CASH ENTRY BUY TG TG SL 645 BIOCON BUY 1075 SL 1050 SL 510 ACHIVED 645 and Low is ACHIVED High is

8 RELIANCE INDUSTRIES - STOCKS IN NEWS Reliance Industries shares worth over Rs. 50,000 crore changed hands on the BSE on Thursday, days after the company announced major shareholding rejig among its promoter group entities.as per the BSE website, the total traded shares were about Rs. 51,000 crore till mid session, much higher than the average trade value of the stock.nearly 40 crore shares were traded as against the 2-week average quantity of less than 11 lakh. The stock closed at Rs. 1, on the BSE, down 0.35 per cent from the previous close. During the intra-day trading session, the stock had hit a low of Rs. 1, and touched a high of Rs. 1,298. The proposed inter-se transfers would not result in any change in promoter group shareholding of per cent in RIL. INDUSIND BANK :- Mid-sized private lender IndusInd Bank today said it is in talks with multiple entities for business expansion, including the widely speculated merger of Bharat Financial Inclusion (BFI)."...the management has been exploring strategic alternatives, and engaging in discussions from time to time with various parties, including Bharat Financial, as and when required," the bank said in a late evening exchange filing. If the merger fructifies, it will be the third deal for IndusInd Bank, after Deutsche Bank's credit card portfolio in 2011 and RBS' diamond financing book in WIPRO :- Wipro Chairman Azim Premji on Thursday met IT Minister Ravi Shankar Prasad amid growing concerns over proposed changes in the H-1B visa norms in the US."He was here to discuss visa and their involvement in domestic IT market," an official source said after the meeting of Prasad and Premji. The minister told Premji that India has taken up this issue at senior level in the US administration, the source added.last week, the USCIS temporarily suspended premium processing of H-1B visas -- often used by Indian IT firms -- that could lead to process delays. AIR INDIA :- The findings come at a time when Air India is working on reviving its financial fortunes even as concerns persist in certain quarters about the viability of the carrier. While the airline has achieved a surplus over its variable cost and all services recovered their fuel costs, the auditor said this could be attributed largely to the sharp fall in air turbine fuel prices. "The company is yet to recover its total cost of operation," it added. CANARA BANK :- State-run lender Canara Bank Ltd has sold a per cent stake in Housing finance arm Can Fin Homes Ltd to Singapore-based Caladium Investment Pvt Ltd for Rs. 754 crore, it said on Friday. The divestment is seen as a part of the monetization process of non-core assets of Canara Bank, the company said in a statement to the exchanges. Caladium Investment, which is an affilate of Singapore's sovereign wealth fund GIC, will buy about 3.6 million Can Fin Homes' shares at Rs. 2,105 each, a premium of about 8.4 per cent, as of Thursday's close. MARUTI SUZUKI - The Maruti Suzuki case reveals the potential for violent unrest at one of the biggest success stories of foreign investment in Indian manufacturing. An argument between workers and a supervisor over conditions turned violent at a Maruti Suzuki India Ltd. plant in the state of Haryana in July A manager was burned to death when protesting workers allegedly set a fire on the factory floor, leading to a one-month shutdown. They were charged with conspiracy to commit murder, arson and rioting in a case likely to be decided March 10. RELIANCE COMMUNICATION :- Reliance Communications on Friday came out with a new offering that provides 1GB data to new 4G customers for Rs. 49 whereas 3GB data will be priced at Rs. 149 plus free, unlimited local and STD calls within its network. The plans under 'Joy of Holi' offer come with a 28-day validity. "With this launch, all new 4G customers of Reliance Communications will get... 1GB of data access offered at just Rs. 49 while 3GB of data access can be availed for only Rs. 149, along with free and unlimited on-net local and STD calls, valid for 28 days," a company release said here.. JET AIRWAYS :- Jet Airways on Thursday announced plans to further strengthen its domestic network. The airline will introduce new direct flights and also increase frequencies on the existing routes. This summer, Jet Airways to take the count of the direct flights to 650 per day and it will begin services to Madurai and Bagdogra, from Mumbai, starting March 26, the airline said in a statement. Also, the airline will connect Jaipur with Chandigarh, Dehradun with Srinagar, and Bengaluru with Kozhikode with non-stop flights, aside from services linking Bengaluru with Lucknow, via New Delhi and, Mumbai with Srinagar, via Dehradun, it added.

9 NIFTY STOCKS WEEKLY PIVOT TABLE WEEK SUPPORT ZONE PIVOT RESISTANCE ZONE CLOSE SUP.3 SUP.2 SUP.1 POINT RES.1 RES.2 RES.3 NIFTY BOSCHLTD BHARTIARTL INFRATEL YESBANK LT INFY INDUSINDBK HDFCBANK TCS ONGC HINDUNILVR HEROMOTOCO AMBUJACEM WIPRO KOTAKBANK DRREDDY HDFC ULTRACEMCO HCLTECH TATAMOTORS IDEA BHEL CIPLA SUNPHARMA ASIANPAINT TATAMTRDVR AXISBANK EICHERMOT BAJAJ-AUTO BANKBARODA MARUTI M&M ZEEL GAIL ACC ITC TATAPOWER COALINDIA SBIN TATASTEEL HINDALCO RELIANCE LUPIN AUROPHARMA POWERGRID ADANIPORTS NTPC ICICIBANK GRASIM BPCL

10 DISCLAIMER This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companies referred to in this document including the merits and risks involved, and should consult their own advisors to determine the merits and risks of such an investment. Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and trading volume. The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this document is for general guidance only. Trade Nivesh shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Trade Nivesh has not independently verified all the information contained within this document. Accordingly, we cannot testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While Trade Nivesh endeavors to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Investment in equity & Commodity market has its own risks. We Trade Nivesh shall not be liable or responsible for any loss or damage that may arise from the use of this information.