WEEKLY EQUITY REPORT

29-07-2019 TO 02-08-2019

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Keep an Eye on Changing Market Place…WEEKLY INDICES

INDEX CURRENT PREVIOUS CHANGE

NIFTY BANK 29,325.30 29,043.05 0.97

NIFTY AUTO 7,161.50 7,010.55 2.15

NIFTY FIN SERVICE 12,880.05 12,805.20 0.58

NIFTY FMCG 29,142.30 28,983.55 0.55

NIFTY IT 15,348.05 15,474.65 -0.82

NIFTY MEDIA 2,133.35 2,119.90 0.63

NIFTY METAL 2,692.45 2,686.40 0.23

NIFTY PHARMA 8,178.90 8,094.35 1.04

NIFTY PSU BANK 2,863.20 2,831.15 1.13

NIFTY PVT BANK 16,161.35 15,963.10 1.24

NIFTY REALTY 274.4 273.8 0.22

GLOBAL INDICES CHANGES

Name Current Value Change

Nasdaq 8330.21 1.11%

CAC 5610.05 0.57%

FTSE 7549.06 0.80%

Nikkei 225 21658.15 0.45%

Hang Seng 28397.74 0.69%

Top Stories This Week

Name Current Value Change

KRBL 252.2 25.66%

RELINFRA 50.50 18.41%

GRAPHITE 319.95 16.88%

PHILIPCARB 133.1 15.69%

YESBANK 96.05 15.38%

NameCurrent Value Change

JCOX & KING 13.40 22.09%

TRITURBINE 83.75 18.49%

M&MFIN 296.75 17.89%

BAJAJELEC 378.25 16.29%

FCONSUMER 30.15 15.55%

TOP GAINER WEEKLY

TOP LOSER WEEKLY

Maruti Suzuki Q1 profit declines 27.3% to Rs 1,435 crore, revenue slips 14%

PNB reports profit of Rs 1,019 crore for June quarter, net NPAs rise QoQ

Varun Beverages surges 11% in 2 days after stock turn ex-date for 1:2 bonus

Bajaj Auto surges up to 5% on better-than-expected Q1 net profit

Bajaj Auto surges up to 5% on better-than-expected Q1 net profit

Bajaj Auto Q1 consolidated net down 1% at Rs 1,012 cr, margin dips to 16%

Vedanta net profit down 12% at Rs 1351 crore in Q1 as expenses increase

Tata Steel BSL reports consolidated net profit Rs 111 crin June quarter

Govt's steps to ease NBFC liquidity crisis too short-term: Fitch report

GST rate on EVs cut from 12% to 5%; reduced rate effective from August 1

Electric vehicles makers welcome GST rate cut on EVs from 12% to 5%

S2 S Nity R R2 R3

MA20 MA50 MA10 MA200

NIFTY CORNER

NIFTY ANALYSIS

NIFTY Index closed the week onnegative note loosing -85Points onweekly closing.Technically on the daily charts we seeminor support on the downside fornifty 50 index lies at 11100-11000 levels,where as minor resistance on theupside is capped around 11350-11600levels. Intense selling intensified inNifty50 on Friday, as the index slippedbelow its crucial support at 11,450 withweek quarter result and low economicgrowth.The index, which last tested this levelin May, could drift towards the 11,333-300 range in the coming sessions. Anygain towards the 11,500 level,meanwhile, is likely to be sold into,On a daily basis, It has broken strongsupport zone and moving towardzone 11000.If nifty 50 index breachesminor support on the downside andcloses below it we may see fresh breakdown and index can drag indextowards major support on lower sidearound 11300 and if breaches minorresistance on the upside and closesabove it we may see fresh breakoutand index can head towards higherlevels around 11600-11800.Currently nifty 50 index is tradingabove 200 days exponential movingaverage and suggests long term trendis bullish. We analyst predicts rangefor the week is seen from 11350-11600on upside and 11100-11000 ondownside.

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MARKET COMMENTARYWEEK AHEAD

BANKNIFTY ANALYSIS

BANK NIFTY Index closed on negativenote loosing 287Weekly High: 29698Weekly Low: 28920Weekly Close: 29494Bank Nifty opened negative note instarting of week earnings and reportsof slowing economic growth dentedmarket sentiments but in the end ofweek banknifty recovered wisely fromsupport of 30000-29800 and they alsofelt that absence of any fresh positivetriggers has been the reason that themarkets haven't been able to shake offthe negativity after the budgetproposal .If Nifty bank index breaches minorsupport on the downside and closesbelow it we may see fresh break downand index can drag index towardsmajor support on lower side around28000 and if breaches minor resistanceon the upside and closes above it wemay see fresh breakout and index canhead towards higher levels around30500.Currently Nifty bank index is tradingabove 200 days exponential movingaverage and suggests long term trend isbullish. We predicts range for the weekis seen from 30200-30800 on upsideand 28000-28200 on downside.

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WEEKLYCALLS

GSPL CASHIt has been trading in bullish zone since couple of week and broke its monthlyresistance of 208 . It managed to trade above that level and bounced back .It is alsoforming bullish wedge . looking for breakout on DON CHANNEL and we expect itmove higher and higher for coming couple of week, Hence, we recommend buy thestock above 211.30 for the upside target of 228.30 with stop loss below 199 levels.

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PHILIPCARB CASHOn the daily chart, the stock is moving upside from immediate support of 105-110 onweekly chart . It is also taken support around 50 moving average. The stock is continuein an uptrend move last couple of days . It may tend to move further for upside if stocksustain above 133.80 level we expect it to hit 155 . It has also positive PR with Niftyand trading above vwap .it has also found multi year support which indicate furtherbuying. We recommend to buy the stock above 135.50 for the upside target of 150with stop loss below 123.50 level.

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GREAVESCOTTON CASHThe primary trend of the stock has started up at present from MINOR support, It hasshown breakout upside with decent volumes. And it has also found reversal breakout onweekly chart and it has also trading near DONCHAIN breakout line and above midlinewhich indicate further upside till 155. We recommend buy the stock above 144.10 for theupside level of 155 in the short term with stop loss below 132 levels.

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JUSTDIAL CASHThe chart shows fine breakout from 200 MVG AVG on weekly chart level. The startingof 2019 has been marvelous for JUSTDIAL. It is also trading above VWAP and weexpect a bounce back from immediate support. which Is a envelope and work onmoving average band to generate bullish and bearish level. stock is in smooth uptrendwith high volume and On monthly view it is given breakout around 688.,Hence, werecommend buy the stock above 728 for the upside level of 765 in the short term withstop loss below 698 levels.

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HDFCAMC CASHThe primary trend of HDFCAMC is bullish and trading on higher high and making newhigh .The stock moved up 9 per cent to Rs 2,170 in the last couple of tradingsessions, after the quarterly numbers, where profits grew 42 per cent. Over the lastsix months, the share price has gained 46 per cent One final thing which we havenoticed that it has got breakout on KELTER CHANNEL indicator which indicate furtherbuying with ATR and RSI . So for next coming week/month we advice it to buy from2210 with target of 2350 and keep stoploss below 2111.

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