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Trade House 426 Alok Nagar, Kanadia Main Road Near Bangali Square Indore-452001 (M.P.) India Mobile :+91-9039261444 E-mail: [email protected] Telephone :+91-731-698.3000 EQUITY WEEKLY REPORT 6 MAR. TO 10 MAR. 2017

EQUITY WEEKLY REPORT COMMODITY WEEKLY ... web: Call Us On : + 91-9039261444 Trade House 426 Alok Nagar, Kanadia Main Road Near Bangali Square Indore-452001 (M.P.) India

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Visit web: www.tradenivesh.com

Call Us On : + 91-9039261444

Trade House 426 Alok Nagar, Kanadia Main Road Near Bangali Square

Indore-452001 (M.P.) India Mobile :+91-9039261444

E-mail: [email protected] Telephone :+91-731-698.3000

COMMODITY WEEKLY REPORT 9 TO 13 JAN. 2017 EQUITY WEEKLY REPORT 6 MAR. TO 10 MAR. 2017

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INDIAN MARKET WEEKLY OUTLOOK

INDIAN INDICES WEEKLY

INDICES CLOSE CHANGE (%)

NIFTY 50 8740.95 1.15

SENSEX 30 28240.52 1.28

NIFTY 500 6650.10 -10.8

NIFTY BANK 20196.80 2.48

NIFTY IT 10025.80 -1.53

NIFTY MIDCAP 16.035.20 2.52

NIFTY NEXT 50 23943.15 1.8

INDIAN SECTORIAL INDICES WEEKLY

INDICES CLOSE CHANGE (%)

NIFTY PHARMA 10555 1.81

NIFTY AUTO 9975.10 -0.39

NIFTY METAL 3128.70 0.61

NIFTY FMCG 22645.15 3.88

NIFTY INFRA 2930.20 2.01

NIFTY WEEKLY TOP GAINERS

SCRIPT CLOSE CHANGE (%)

IDEA CELLULAR 109.45 40.32

BANK OF BARODA 186.45 11.18

BHARTI AIRTEL 353.80 9.28

ITC 273.05 6.08

DR. REDDYS LAB 3144.55 5.01

GLOBAL INDICES WEEKLY

INDICES CLOSE CHANGE (%)

NASDAQ 5666.77 0.10

CAC 40 4825.42 -0.30

DAX 11651.49 -1.38

FTSE 100 7188.30 0.05

NIKKEI 18918.20 -2.82

HANG SENG 23129.21 -0.99

SHANGHAI COM. 3140.65 -0.58

INDIAN CURRENCY WEEKLY

CURRENCY CLOSE CHANGE (%)

USD-INR 67.32 1.04

EUR-INR 72.61 0.79

GBP-INR 84.21 0.477

JPY-INR 59.69 0.91

USD INDEX 100.56 -0.86

NIFTY WEEKLY TOP LOSERS

SCRIPT CLOSE CHANGE (%)

DR.REDDYS LAB 2976.05 -5.36

HINDALCO 191.75 -5.06

CIPLA -4.05

TATA MOTORS 522.60 -3.57

NTPC 171.95 -3.13

INDIAN INDICES WEEKLY

INDICES CLOSE CHANGE (%)

NIFTY 50 8793.55 0.6

SENSEX 30 28334.25 0.33

NIFTY 500 7631.25 14.75

NIFTY BANK 20213.90 0.08

NIFTY IT 10387.85 3.61

NIFTY MIDCAP 16227.70 1.2

NIFTY NEXT 50 24201.85 1.08

INDIAN SECTORIAL INDICES WEEKLY

INDICES CLOSE CHANGE (%)

NIFTY PHARMA 10542.60 -0.12

NIFTY AUTO 10028.05 0.53

NIFTY METAL 3084.65 -1.40

NIFTY FMCG 22874.95 1.01

NIFTY INFRA 3038.85 1.66

NIFTY WEEKLY TOP GAINERS

SCRIPT CLOSE CHANGE (%)

BHEL 158.00 10.72

TCS 2397.95 7.41

GRASIM INDUST. 1011.10 7.07

BHARTI INFRATEL 317.05 5.74

ZEE ENTERTAIN. 518.05 4.48

INDIAN MARKET WEEKLY OUTLOOK

INDIAN INDICES WEEKLY

INDICES CLOSE CHANGE (%)

NIFTY 50 8897.55 -0.47

SENSEX 30 28892.97 1.49

NIFTY 500 6650.10 13.96

NIFTY BANK 20495.60 -1.82

NIFTY IT 10806.20 1.09

NIFTY MIDCAP 16364.00 0.03

NIFTY NEXT 50 24091.20 -1.17

INDIAN SECTORIAL INDICES WEEKLY

INDICES CLOSE CHANGE (%)

NIFTY PHARMA 10614.05 -0.54

NIFTY AUTO 9680.50 -0.83

NIFTY METAL 3187.10 2.14

NIFTY FMCG 22280.70 -0.73

NIFTY INFRA 3013.35 -1.58

NIFTY WEEKLY TOP GAINERS

SCRIPT CLOSE CHANGE (%)

HINDALCO 198.55 9.03

RELIANCE INDUS. 1258.55 6.41

BHARTI INFRATEL 307.90 3.36

BHEL 158.15 3.06

HERO MOTOCORP 3272.85 3.03

GLOBAL INDICES WEEKLY

INDICES CLOSE CHANGE (%)

NASDAQ 5870.75 0.43

CAC 40 4995.13 3.09

DAX 12027.36 1.89

FTSE 100 7374.26 1.80

NIKKEI 19469.17 0.96

HANG SENG 23965.70 -1.72

SHANGHAI COM. 3253.03 -1.04

INDIAN CURRENCY WEEKLY

CURRENCY CLOSE CHANGE (%)

USD-INR 67.01 -0.1

EUR-INR 70.87 -0.15

GBP-INR 82.00 -1.93

JPY-INR 59.36 -1.26

USD INDEX 101.12 0.22

NIFTY WEEKLY TOP LOSERS

SCRIPT CLOSE CHANGE (%)

BPLCL 632.80 -11.82

IDEA CELLULAR 110.55 -7.57

EICHER MOTORS 23089.30 -7.19

NTPC 156.10 -5.68

BANK OF BARODA 159.95 -4.88

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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 week-

end, assembly elections results next week and Federal Reserve policy meeting on March 14-15. The mar-

ket may look for a reset of the rally closer to both earnings season and goods & services tax (GST) imple-

mentation data, which will be next key trigger. Assembly elections results could either be a bit of a damp-

ener or could be a trigger for rally.

TECHNICAL VIEW:-

NIFTY 50 ended the week on negative note losing around 0.50%and close at 8897.55. The index made a

weekly high of 8992.50 and a low of 8860.10 . 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 9100.

WEEKLY SUPPORT & RESISTANCE:-

NIFTY WEEKLY OUTLOOK

NIFTY WEEKLY

CLOSE 8897.55

OPEN 8943.70

HIGH 8992.50

LOW 8860.10

CHANGE -41.95

% CHANGE -.47

SYMBOL S1 S2 S3 PIVOT

POINT

R1 R2 R3

NIFTY 8840.9 8784.3 8708.5 8916.7 8973.3 9049.1 9105.7

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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 20495.60.The index made

a high of 20905.00 and low of 20423.35 in the week. Immediate support for Nifty Bank lies around 20450

level while strong support lies around 20000 level. Immediate resistance for Nifty Bank lies around 20650

level while strong resistance lies around 21100 levels. Broad range for Nifty Bank in the week can be seen

between levels of 20000 downside and 21100 on upside.

WEEKLY SUPPORT & RESISTANCE:-

NIFTYBANK WEEKLY OUTLOOK

SYMBOL S1 S2 S3 PIVOT

POINT

R1 R2 R3

NIFTYBANK 20311.0 20126.3 19829.3 20608 20792.6 21089.6 21274.3

NIFTYBANKWEEKLY

CLOSE 20495.60

OPEN 20853.45

HIGH 20905.00

LOW 20423.35

CHANGE -381.05

% CHANGE -1.82

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OUR WEEKLY RECOMMENDATIONS (FUTURES)

HINDALCO (30-Mrach-2017):-

HINDALCO FUTURE (30-Mrach-2017) is showing uptrend on RSI and MACD. The stock future is mov-

ing 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 (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 lev-

els.

Buy BPCL (30-Mar-2017) above 635 keeping first target around 655 and second target around 680 level,

maintaining a stop loss below 615.

SYMBOL BPCL

SEGMENT FUTURE

BUY 635

TG1 655

TG2 680

SL 615

SYMBOL HINDALCO

SEGMENT FUTURE

BUY 200

TG1 205

TG2 212

SL 195

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OUR WEEKLY RECOMMENDATIONS (CASH)

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 Re-

sistance lies at 1110 level.

Buy BIOCON above 1075 keeping first target around 1110 and final target around 1150, maintaining a

stop loss below 1050

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 .

SYMBOL HINDPET-

RO

SEGMENT CASH

BUY 525

TG1 540

TG2 560

SL 510

SYMBOL BIOCON

SEGMENT CASH

BUY 1075

TG1 1110

TG2 1150

SL 1050

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STATUS OF OUR LAST WEEKLY RECOMMENDATIONS

SYMBOL MARUTI SUZUKI

SEGMENT CASH

ENTRY 5980

TG1 6200

TG2 6500

SL 5700

ACHIVED 6200and High is

6217

SYMBOL TIMKEN INDIA

SEGMENT CASH

ENTRY 670

TG1 710

TG2 760

SL 645

ACHIVED 645 and Low is

602

SYMBOL INDIA BULLS REAL ESTATE

SEGMENT Future

ENTRY 78.30

TG1 76.50

TG2 74

SL 79.50

ACHIVED 74 and High is

74.95

SYMBOL ACC

SEGMENT Future

ENTRY 1420

TG1 1455

TG2 1500

SL 1360

ACHIVED 1455 and High is

1473

STATUS OF OUR LAST WEEKLY RECOMMENDATIONS

SYMBOL NILKAMAL

SEGMENT CASH

BUY 1860

TG1 1960

TG2 2100

SL 1800

ACHIVED 1 ST High is

2019

SYMBOL AVANTI FEED

SEGMENT CASH

BUY 680

TG1 720

TG2 770

SL 650

ACHIVED High 710

SYMBOL ULTRACEM

SEGMENT FUTURE

BUY 3810

TG1 3900

TG2 4000

SL 3750

ACHIVED High is 3861.80

SYMBOL IDEA

SEGMENT FUTURE

BUY 120

TG1 126

TG2 134

SL 114

ACHIVED NOT EXECUTED

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STOCKS IN NEWS

WIPRO -

Wipro, India's third largest software exporter, today said it has completed the $70 million sale of its Eco Energy division. In No-vember 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, 2017. 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 consummat-ed 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 state-ment. 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 pack-aging 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 pro-cess 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. 99 -- 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 dis-turbed by an order of the court, it will remain,"

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NIFTY STOCKS WEEKLY PIVOT TABLE

SYMBOL WEEK

CLOSE

SUPPORT ZONE PIVOT

POINT

RESISTANCE ZONE

SUP.3 SUP.2 SUP.1 RES.1 RES.2 RES.3

NIFTY 50 8926.9 8845.7 8875.5 8901.2 8931.0 8956.7 8986.5 9012.2

RELIANCE 1209.8 1011.0 1051.5 1130.7 1171.2 1250.3 1290.8 1370.0

IDEA 114 102.1 104.6 109.3 111.8 116.5 119.0 123.7

AXISBANK 524.2 491.7 499.8 512.0 520.0 532.2 540.3 552.5

ASIANPAINT 1020 968.8 981.4 1000.7 1013.2 1032.5 1045.1 1064.4

COALINDIA 328 313.3 316.9 322.5 326.1 331.6 335.2 340.8

INFRATEL 301.3 290.2 293.1 297.2 300.1 304.2 307.1 311.2

TATAMTRDVR 283.8 274.4 277.5 280.6 283.7 286.8 289.9 293.0

BOSCHLTD 22056.1 21022.7 21337.4 21696.7 22011.4 22370.8 22685.5 23044.8

BPCL 714 691.3 697.5 705.7 711.9 720.1 726.3 734.5

HEROMOTOCO 3164 3058.0 3084.0 3124.0 3150.0 3190.0 3216.0 3256.0

TECHM 510.9 498.0 500.8 505.8 508.6 513.6 516.4 521.4

HINDUNILVR 867.1 839.4 845.7 856.4 862.7 873.4 879.7 890.4

SBIN 271.7 264.0 266.8 269.2 272.0 274.4 277.2 279.6

ITC 264 257.1 259.4 261.7 264.0 266.3 268.6 270.9

TATAMOTORS 460 444.1 449.9 455.0 460.8 465.9 471.7 476.8

ICICIBANK 285.6 275.1 278.1 281.8 284.9 288.6 291.6 295.3

MARUTI 6071.1 5959.2 5999.6 6035.3 6075.7 6111.5 6151.9 6187.6

ULTRACEMCO 3774 3702.6 3729.3 3751.6 3778.3 3800.6 3827.3 3849.6

DRREDDY 2897 2852.4 2873.3 2885.2 2906.1 2917.9 2938.8 2950.7

INDUSINDBK 1331 1304.3 1313.1 1322.1 1330.9 1339.8 1348.6 1357.6

M&M 1311.3 1293.4 1298.9 1305.1 1310.5 1316.7 1322.2 1328.4

BAJAJ-AUTO 2798 2749.1 2763.1 2780.5 2794.5 2812.0 2826.0 2843.4

WIPRO 475 463.6 466.9 471.0 474.3 478.3 481.6 485.7

BHEL 154.2 148.7 151.3 152.7 155.3 156.7 159.3 160.7

KOTAKBANK 795.6 780.7 787.2 791.4 797.9 802.1 808.6 812.8

BHARTIARTL 361.8 343.0 351.1 356.4 364.5 369.8 377.9 383.2

TATAPOWER 84 80.6 82.0 83.0 84.4 85.4 86.8 87.8

YESBANK 1445 1420.6 1430.9 1438.0 1448.3 1455.3 1465.6 1472.7

ONGC 195.5 190.8 193.0 194.2 196.4 197.6 199.8 201.0

GAIL 521.5 510.3 513.5 517.5 520.8 524.8 528.0 532.0

LT 1475 1453.0 1462.9 1469.0 1478.9 1484.9 1494.8 1500.9

SUNPHARMA 669.1 650.1 656.4 662.8 669.1 675.4 681.7 688.1

HDFCBANK 1403.8 1368.9 1381.9 1392.8 1405.8 1416.8 1429.8 1440.7

CIPLA 587.4 577.7 581.9 584.6 588.8 591.5 595.7 598.4

EICHERMOT 25000 24593.7 24760.0 24880.0 25046.3 25166.3 25332.6 25452.6

BANKBARODA 167.5 162.9 165.1 166.3 168.4 169.6 171.8 173.0

HDFC 1396.5 1364.0 1377.9 1387.2 1401.1 1410.4 1424.3 1433.6

ZEEL 516.7 496.0 504.3 510.5 518.7 524.9 533.2 539.4

LUPIN 1452 1410.4 1428.3 1440.2 1458.1 1469.9 1487.8 1499.7

ADANIPORTS 299.9 287.0 292.2 296.1 301.3 305.1 310.3 314.2

TATASTEEL 484.1 468.4 474.5 479.3 485.4 490.1 496.2 501.0

AUROPHARMA 676.1 641.7 653.5 664.8 676.5 687.8 699.6 710.9

ACC 1444.1 1399.1 1421.2 1432.7 1454.8 1466.3 1488.4 1499.9

HINDALCO 179.4 172.8 175.9 177.7 180.8 182.6 185.7 187.5

HCLTECH 833.1 786.3 808.4 820.7 842.9 855.2 877.3 889.6

GRASIM 1045.3 973.8 1001.0 1023.1 1050.3 1072.4 1099.6 1121.7

INFY 991 951.3 968.9 979.9 997.5 1008.5 1026.1 1037.1

TCS 2410 2313.6 2356.9 2383.4 2426.7 2453.3 2496.6 2523.1

POWERGRID 201.3 190.5 195.7 198.5 203.7 206.5 211.7 214.5

AMBUJACEM 233.3 224.8 228.8 231.0 235.0 237.2 241.2 243.4

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