COMMODITY

EQUITY WEEKLY
WEEKLY REPORT
REPORT 9 TO 17
14 MAR.TO 13 MAR.
JAN. 2017
2017

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INDIAN MARKET WEEKLY OUTLOOK
INDIAN INDICES WEEKLY GLOBAL INDICES WEEKLY
INDICES CLOSE CHANGE (%) INDICES CLOSE CHANGE (%)

NIFTY 50 8934.55
8793.55
8740.95 0.41
1.15
0.6 NASDAQ 5666.77
5861.72 0.10
-0.15

SENSEX 30 28946.23
28240.52
28334.25 0.18
1.28
0.33 CAC 40 4825.42
4993.32 -0.30
-0.03

NIFTY 500 6650.10
7631.25 0
-10.8
14.75 DAX 11651.49
11963.18 -1.38
-0.53

NIFTY BANK 20727.55
20196.80
20213.90 1.13
0.08
2.48 FTSE 100 7188.30
7343.08 0.05
-0.42

NIFTY IT 10749.85
10025.80
10387.85 -0.52
-1.53
3.61 NIKKEI 18918.20
19604.61 -2.82
0.69

NIFTY MIDCAP 16291.20
16.035.20
16227.70 -0.44
1.2
2.52 HANG SENG 23129.21
23568.67 -0.99
-1.65

NIFTY NEXT 50 24042.35
23943.15
24201.85 -0.20
1.08
1.8 SHANGHAI COM. 3140.65
3212.43 -0.58
-1.24

INDIAN SECTORIAL INDICES WEEKLY INDIAN CURRENCY WEEKLY

INDICES CLOSE CHANGE (%) CURRENCY CLOSE CHANGE (%)

NIFTY PHARMA 10468.35
10542.60
10555 -1.37
1.81
-0.12 USD-INR 67.32
66.72 1.04
-0.43

NIFTY AUTO 9779.25
9975.10
10028.05 1.02
-0.39
0.53 EUR-INR 72.61
70.86 0.79
-0.01

NIFTY METAL 3034.65
3128.70
3084.65 -4.78
0.61
-1.40 GBP-INR 84.21
81.20 0.477
-0.97

NIFTY FMCG 22341.75
22645.15
22874.95 0.27
3.88
1.01 JPY-INR 59.69
57.89 0.91
-2.47

NIFTY INFRA 2987.35
2930.20
3038.85 -0.86
2.01
1.66 USD INDEX 100.56
101.38 -0.86
0.25

NIFTY WEEKLY TOP GAINERS NIFTY WEEKLY TOP LOSERS

SCRIPT CLOSE CHANGE (%) SCRIPT CLOSE CHANGE (%)

IDEA CELLULAR
BHEL
BOSCH 22761.15
158.00
109.45 7.57
40.32
10.72 DR.REDDYS
IDEA CELLULAR
LAB 104.25
2976.05 -5.70
-5.36

BANK
TCS
YES BANK
OF BARODA 1481.35
186.45
2397.95 3.32
11.18
7.41 TECH MAHHIN-
HINDALCO 191.75
475.80 -5.06
-5.54
DRA
BHARTI AIRTEL
GRASIM
INDUSIND
INDUST.
BANK 1335.75
1011.10
353.80 2.81
7.07
9.28 CIPLA -4.05
TATA STEEL 467.75 -5.52
ITC
BHARTI
SBI INFRATEL 272.05
317.05
273.05 2.64
5.74
6.08 TATA MOTORS
HINDALCO 522.60
187.60 -3.57
-5.51

DR. REDDYS
ZEE
BHARTI
ENTERTAIN.
AIRTEL
LAB 828.90
518.05
3144.55 2.46
4.48
5.01 NTPC
DR REDDYS LAB 171.95
2715.85 -3.13
-5.41

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NIFTY WEEKLY OUTLOOK
NIFTY WEEKLY

CLOSE 8934.55

OPEN 8915.10

HIGH 8977.15

LOW 8891.95

CHANGE 37

% CHANGE 0.41

FUNDAMENTAL VIEW:-

Now state election will support to the market . The State elections results have set the Indian indi-
ces to prepare a new high. NIFTY is supposed to trigger a new rally now. Benchmark indices set-
tled 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 8934.55 . The in-
dex made a weekly high of 8977.15 and a low of 8891.95. 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 8900.
WEEKLY SUPPORT & RESISTANCE:-

SYMBOL S1 S2 S3 PIVOT R1 R2 R3
POINT
NIFTY 8891.7 8848.9 8805.8 8934.8 8977.6 9020.7 9063.5

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NIFTYBANK WEEKLY OUTLOOK
NIFTYBANKWEEKLY

CLOSE 20727.55

OPEN 20548.95

HIGH 20876.95

LOW 20532.20

CHANGE 231.95

% 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
20876.95 and low of 20532.20 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 21000.
Range for the week is seen from 20000 to 20100 on downside & 21500 to 21600 on upside.

WEEKLY SUPPORT & RESISTANCE:-

SYMBOL S1 S2 S3 PIVOT R1 R2 R3
POINT
NIFTYBANK 20547.5 20367.5 20202.8 20712.2 20892.3 21057 21237

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OUR WEEKLY RECOMMENDATIONS (FUTURES)
SYMBOL HINDALCO

SEGMENT FUTURE

SELL 196

TG1 191.5

TG2 187

SL 202.6

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 Fu-
ture is Sell on rise around 196 for the targets of 191.5 and 187 with strict stop loss of 202.6.

SYMBOL VEDL

SEGMENT 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.

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OUR WEEKLY RECOMMENDATIONS (CASH)
SYMBOL TVS MO-
TOR
SEGMENT 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 .

SYMBOL RAJESH
EXPORTS
SEGMENT 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 bull-
ish 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.
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STATUS OF OUR LAST WEEKLY RECOMMENDATIONS
SYMBOL
SYMBOL HINDALCO
ACC
SEGMENT
SEGMENT FUTURE
Future
ENTRY
BUY 200
1420
TG1
TG1 205
1455
TG2 1500
TG2 212
SL 1360
SL 195
ACHIVED
ACHIVED 1455 and High is
SL HIT
1473

SYMBOL
SYMBOL BPCLBULLS REAL ESTATE
INDIA

SEGMENT
SEGMENT FUTURE
Future

ENTRY
BUY 78.30
635
TG1
TG1 76.50
655
TG2 74
TG2 680
SL 79.50
SL 615
ACHIVED 74 and High is
ACHIVED High is 651.40
74.95

SYMBOL BIOCON
SYMBOL MARUTI SUZUKI
SEGMENT
SEGMENT CASH
CASH
BUY
ENTRY 1075
5980
TG1
TG1 1110
6200
TG2
TG2 6500
1150
SL
SL 5700
1050
ACHIVED
ACHIVED 6200and High is
High is 1092.30
6217
SYMBOL
SYMBOL HINDPETRO
TIMKEN INDIA
SEGMENT
SEGMENT CASH
CASH
BUY
ENTRY 525
670
TG1
TG1 710
540
TG2
TG2 760
560
SL 645
SL 510
ACHIVED 645 and Low is
ACHIVED High is 531
602
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STOCKS IN NEWS
RELIANCE INDUSTRIES -
Reliance Industries shares worth over Rs. 50,000 crore changed hands on the BSE on Thursday, days after the company an-
nounced 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. 1,287.35 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. 1,281.70 and touched a high of Rs. 1,298. The
proposed inter-se transfers would not result in any change in promoter group shareholding of 45.24 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 2015.
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 quar-
ters 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 recov-
er its total cost of operation," it added.

CANARA BANK :-
State-run lender Canara Bank Ltd has sold a 13.45 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 2012. 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 where-
as 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 Communica-
tions 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.

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NIFTY STOCKS WEEKLY PIVOT TABLE
WEEK SUPPORT ZONE PIVOT RESISTANCE ZONE
SYMBOL
CLOSE SUP.3 SUP.2 SUP.1 POINT RES.1 RES.2 RES.3
NIFTY 50 8934.6 8828.7 8866.3 8900.4 8938.1 8972.2 9009.8 9043.9
BOSCHLTD 22760.1 21066.7 21533.4 22146.7 22613.4 23226.7 23693.4 24306.7
BHARTIARTL 364.9 354.5 357.2 361.1 363.8 367.6 370.3 374.2
INFRATEL 309 299.0 302.5 305.8 309.3 312.5 316.0 319.3
YESBANK 1481.8 1450.4 1457.8 1469.8 1477.1 1489.1 1496.5 1508.5
LT 1493 1465.4 1472.7 1482.9 1490.2 1500.3 1507.6 1517.8
INFY 1021.5 999.8 1006.6 1014.1 1020.9 1028.3 1035.1 1042.6
INDUSINDBK 1339 1310.2 1316.7 1327.9 1334.4 1345.6 1352.1 1363.3
HDFCBANK 1407.5 1382.9 1388.0 1397.7 1402.9 1412.6 1417.7 1427.4
TCS 2542.3 2485.4 2499.7 2521.0 2535.3 2556.6 2570.9 2592.2
ONGC 191.2 184.7 186.5 188.8 190.6 193.0 194.8 197.1
HINDUNILVR 876.5 859.6 863.5 870.0 873.9 880.3 884.2 890.7
HEROMOTOCO 3309 3248.3 3268.5 3288.7 3308.9 3329.1 3349.3 3369.5
AMBUJACEM 228.5 224.0 225.5 227.0 228.5 230.0 231.5 233.0
WIPRO 486.5 478.4 481.0 483.8 486.4 489.1 491.7 494.5
KOTAKBANK 828.7 810.9 818.5 823.6 831.3 836.4 844.0 849.1
DRREDDY 2715 2667.8 2684.4 2699.7 2716.3 2731.6 2748.2 2763.5
HDFC 1375.7 1354.3 1361.7 1368.7 1376.0 1383.0 1390.4 1397.4
ULTRACEMCO 3834.1 3749.1 3788.0 3811.1 3850.0 3873.1 3912.0 3935.1
HCLTECH 846 821.5 831.2 838.6 848.3 855.7 865.4 872.8
TATAMOTORS 468.5 458.3 461.7 465.1 468.5 471.8 475.2 478.6
IDEA 104.1 99.3 101.4 102.7 104.8 106.1 108.2 109.5
BHEL 157.6 153.0 155.0 156.3 158.4 159.7 161.7 163.0
CIPLA 588.9 582.4 584.7 586.8 589.2 591.3 593.6 595.7
SUNPHARMA 684.5 668.2 674.1 679.3 685.2 690.4 696.3 701.5
ASIANPAINT 1028.9 1009.8 1017.0 1022.9 1030.1 1036.0 1043.2 1049.1
TATAMTRDVR 278.5 273.1 275.5 277.0 279.4 280.9 283.3 284.8
AXISBANK 515.3 505.2 509.1 512.2 516.1 519.2 523.1 526.2
EICHERMOT 23344.9 22818.3 23009.6 23177.3 23368.6 23536.3 23727.6 23895.3
BAJAJ-AUTO 2863 2810.9 2832.1 2847.5 2868.7 2884.2 2905.4 2920.8
BANKBARODA 159 152.5 155.4 157.2 160.1 161.9 164.8 166.6
MARUTI 5947 5846.9 5891.5 5919.2 5963.8 5991.6 6036.2 6063.9
M&M 1300 1272.3 1285.8 1292.9 1306.5 1313.6 1327.1 1334.2
ZEEL 515.7 499.4 505.3 510.5 516.4 521.6 527.5 532.7
GAIL 378 366.7 371.1 374.6 379.0 382.4 386.8 390.3
ACC 1397 1371.3 1383.6 1390.3 1402.7 1409.4 1421.7 1428.4
ITC 263.9 260.3 261.5 262.7 263.9 265.1 266.3 267.5
TATAPOWER 81.9 79.1 80.2 81.0 82.1 82.9 84.0 84.8
COALINDIA 316.6 309.8 312.5 314.6 317.3 319.3 322.0 324.1
SBIN 271.9 263.0 266.3 269.1 272.3 275.1 278.4 281.2
TATASTEEL 467.1 449.2 455.7 461.4 467.9 473.6 480.1 485.8
HINDALCO 188.1 181.9 184.5 186.3 188.8 190.6 193.2 195.0
RELIANCE 1279.1 1226.7 1244.0 1261.5 1278.8 1296.3 1313.6 1331.1
LUPIN 1444 1419.5 1429.8 1436.9 1447.1 1454.2 1464.5 1471.6
AUROPHARMA 651.9 629.2 639.6 645.7 656.1 662.2 672.6 678.7
POWERGRID 192.6 184.2 187.1 189.9 192.8 195.5 198.4 201.2
ADANIPORTS 298 285.8 291.4 294.7 300.4 303.7 309.3 312.6
NTPC 156.7 152.5 154.5 155.6 157.5 158.6 160.6 161.7
ICICIBANK 270.5 260.7 265.0 267.8 272.1 274.9 279.2 282.0
GRASIM 996 968.0 981.5 988.8 1002.3 1009.5 1023.0 1030.3
BPCL 622.3 599.1 609.6 615.9 626.4 632.8 643.3 649.6
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