COMMODITY WEEKLY REPORT 9 TO 13 JAN. 2017

Transcription

1 COMMODITY WEEKLY REPORT 9 TO 13 JAN EQUITY WEEKLY REPORT 6 MAR. TO 10 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 HINDALCO CELLULAR BANK TCS RELIANCE OF BARODA INDUS GRASIM BHARTI AIRTEL INFRATEL INDUST ITC BHARTI BHEL INFRATEL DR. ZEE HERO REDDYS ENTERTAIN. MOTOCORP 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 BPLCL LAB HINDALCO IDEA CELLULAR CIPLA EICHER MOTORS TATA NTPC MOTORS NTPC BANK OF BARODA

3 NIFTY WEEKLY OUTLOOK NIFTY WEEKLY CLOSE OPEN HIGH LOW CHANGE % CHANGE -.47 FUNDAMENTAL VIEW:- Late recovery helped equity benchmarks close Friday's session on a flat note but posted weekly loss for the first time in last six consecutive weeks. Investors were cautious ahead of GST Council meet in the weekend, assembly elections results next week and Federal Reserve policy meeting on March The market may look for a reset of the rally closer to both earnings season and goods & services tax (GST) implementation data, which will be next key trigger. Assembly elections results could either be a bit of a dampener or could be a trigger for rally. TECHNICAL VIEW:- NIFTY 50 ended the week on negative note losing around 0.50%and close at The index made a weekly high of and a low of Immediate resistance for Nifty 50 lies around 8950 level and strong resistance lies around 9100 level. Immediate support lies around 8870 level and strong support around 8700 level. Broad range for Nifty 50 in the week can be seen between levels of 8700 and WEEKLY SUPPORT & RESISTANCE:- S1 S2 S3 PIVOT POINT R1 R2 R3 NIFTY

4 NIFTYBANK WEEKLY OUTLOOK NIFTYBANKWEEKLY CLOSE OPEN HIGH LOW CHANGE % CHANGE FUNDAMENTAL VIEW:- Nifty Bank is also showing profit booking position in last week. The new norms will come into effect from next financial year beginning April 1, the Pension Fund and Regulatory Development Authority (PFRDA), which is the regulator of NPS. SBI Bank merger will also affect the bank nifty. GST Council meet in the weekend, assembly elections results next week and Federal Reserve policy meeting on March will affect the market sentiments. TECHNICAL VIEW:- NIFTY BANK ended the week on negative note losing around 1.80 and close at The index made a high of and low of in the week. Immediate support for Nifty Bank lies around level while strong support lies around level. Immediate resistance for Nifty Bank lies around level while strong resistance lies around levels. Broad range for Nifty Bank in the week can be seen between levels of downside and on upside. WEEKLY SUPPORT & RESISTANCE:- S1 S2 S3 PIVOT POINT R1 R2 R3 NIFTYBANK

5 OUR WEEKLY RECOMMENDATIONS (FUTURES) HINDALCO FUTURE BUY 200 TG1 205 TG2 212 SL 195 HINDALCO (30-Mrach-2017):- HINDALCO FUTURE (30-Mrach-2017) is showing uptrend on RSI and MACD. The stock future is moving in uptrend and strong OI. Support for HINDALCO FUTURE lies at 195 level while resistance lies at 205 level. Buy HINDALCO FUTURE (30-March-2017) after breakout above 200keeping first target around 205 and final target aground 212, maintaining a stop loss below 195. BPCL FUTURE BUY 635 TG1 655 TG2 680 SL 615 BPCL (30-March-2017):- BPCL (30-Mar-2017) is looking positive on charts. This stock is upside on RSI and MACD. After breakout it will go upside.support for the stock lies at 615 level of. Resistance for the stock lies at 655 levels. Buy BPCL (30-Mar-2017) above 635 keeping first target around 655 and second target around 680 level, maintaining a stop loss below 615.

6 OUR WEEKLY RECOMMENDATIONS (CASH) BIOCON CASH BUY 1075 TG TG SL 1050 BIOCON :- BIOCON looks in uptrend on chart. After breakout the stock has potential for a fresh rally and volumes is supporting. On RSI and MACD is showing positive trend. Support for stock lies at 1050 level while Resistance lies at 1110 level. Buy BIOCON above 1075 keeping first target around 1110 and final target around 1150, maintaining a stop loss below 1050 HINDPET- RO CASH BUY 525 TG1 540 TG2 560 SL 510 HINDUSTAN PETROLEUM :- HINDUSTAN PETROLEUM is showing positive trend on chart and has seen a strong rise with volume. After breakout it will go upside and positive on RSI and MACD. Support for the stock lies at level of 510 and resistance at 540 level. Buy HINDPETRO above 525 keeping first target around 540 and final target around 560, maintaining a stop loss below 510.

7 STATUS OF OUR LAST WEEKLY RECOMMENDATIONS ACC IDEA Future FUTURE BUY ENTRY TG TG SL 1360 SL 114 ACHIVED ACHIVED 1455 and High is NOT EXECUTED 1473 INDIA ULTRACEM BULLS REAL ESTATE Future FUTURE ENTRY BUY 3810 TG TG TG2 74 TG SL SL 3750 ACHIVED ACHIVED 74 and High is High is BUY 1860 ENTRY 5980 TG TG SL 5700 SL 1800 ACHIVED MARUTI SUZUKI CASH CASH 6200and 1 ST High High is is 6217 TIMKEN AVANTI INDIA FEED CASH CASH ENTRY BUY TG TG SL 645 NILKAMAL 2019 SL 650 ACHIVED 645 and Low is ACHIVED High

8 WIPRO - STOCKS IN NEWS Wipro, India's third largest software exporter, today said it has completed the $70 million sale of its Eco Energy division. In November last year, the Bengaluru-based company had said it will sell its Eco Energy division to Chubb Alba Control Systems for $70 million in order to sharpen focus on core IT business. "Wipro has completed the sale of its Eco Energy division on March 1, The impact of sale of Eco Energy division is expected to reflect in the financials of Wipro for the quarter and year ending March 31, 2017," it said in a BSE filing. DR. REDDY :- Dr Reddy 's Laboratories today announced that it has acquired 100 per cent stake in Imperial Credit Private Ltd, a Kolkata-based non-banking finance company. The acquisition was for a consideration of Rs 2.05 crore. "The acquisition process was consummated on receipt of applicable regulatory approvals. The company proposes to undertake the group's captive financial activities through this entity," Dr Reddy's Laboratories SBI :- State Bank of India on Friday fixed March 17 as the record date of share swap for the merger of its 5 associate banks with itself. The merger process of the associates banks -- State Bank of Bikaner and Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Patiala (SBP) and State Bank of Hyderabad (SBH) -- will take effect from April 1. The board of SBI earlier approved the merger plan under which SBBJ shareholders will get 28 shares of SBI (Re 1 each) for every 10 shares (Rs. 10 each) held. Similarly, SBM and SBT shareholders will get 22 shares of SBI for every 10 shares. The shares of the listed associates will be delisted from stock exchanges following the merger. LARSEN & TOUBRO :- Infrastructure major Larsen & Toubro (L&T) today said its construction arm has won orders worth Rs. 2,170 crore across various business segments including a Rs. 1,169 crore contract in Oman. "The construction arm of L&T has won orders worth Rs. 2,170 crore across its various business segments," L&T said in a statement. It said its Power Transmission & Distribution Business has secured orders worth Rs. 1,169 crore. RUCHI SOYA INDUSTRIES :- Ruchi Soya Industries on Thursday said it has expanded its partnership with Patanjali Ayurved by including processing and packaging of edible oil at its plants in Madhya Pradesh and Gujarat. "The refining and packaging tie up has now been extended to include processing and packaging of edible oil at Ruchi Soya plant's in Madhya Pradesh and Gujarat, along with Rajasthan which was signed in February," Under the agreement, Ruchi Soya will process and pack the edible oil provided by Patanjali Ayurved as per their specifications. TATA INDUSTRIES - Tata Sons will split a dispute settlement payment of USD 1.18 billion owed to NTT DoCoMo over the Japanese firm's exit from a telecoms joint venture, leaving it with about two-thirds of the amount to invest in India, a source said. Both companies are likely to approach India's central bank within 15 days with a plan that will offer to split the payment into two parts, the source, who has direct knowledge of the matter. RELIANCE INDUSTRIES :- Reliance Jio on Friday sweetened the offering for its 'Prime' members saying those recharging with Rs. 303 will get an extra 5GB data beyond the 28GB promised under the scheme. So far, Prime members on payment of Rs. 303 per month and a one-time joining fee of Rs would be entitled to unlimited free voice calls (STD and roaming) and text messages, 28GB data at 4G speeds, subject to a usage cap of 1GB a day, the breach of which would slow down the speed unless more data was bought. The plan comes with a 28 day validity. The Prime membership offer requires customers to enrol by March 31. BIOCON :- The court allowed Biocon to make and sell a cancer drug Canmab. It also gave a similar nod to Mylan for its cancer drug Hertraz. Swiss pharma major Roche cannot prima facie have a say against the sale and marketing of breast cancer medicines of drug firms Biocon and Mylan once the Drugs Controller General of India (DCGI) has approved it, Delhi High Court said today. "Once the designated authority has given approval, you cannot say prima facie you have case over that. Till that (approval) is disturbed by an order of the court, it will remain,"

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 INFRATEL HINDALCO GAIL GRASIM RELIANCE SUNPHARMA AXISBANK HEROMOTOCO IDEA ADANIPORTS AUROPHARMA INFY TATAPOWER HCLTECH NTPC LUPIN YESBANK POWERGRID WIPRO TECHM ZEEL HINDUNILVR ONGC BHEL TATASTEEL BAJAJ-AUTO COALINDIA BHARTIARTL DRREDDY CIPLA LT HDFCBANK M&M ULTRACEMCO TATAMOTORS KOTAKBANK MARUTI TCS BPCL SBIN INDUSINDBK TATAMTRDVR ITC ICICIBANK BANKBARODA ACC EICHERMOT ASIANPAINT AMBUJACEM HDFC

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.