WEEKLY REPORT
61.34 61.34
16 thSEPTEMBER –20th SETEMBER
Trade House 426 Alok Nagar, Kanadia Main Road Near Bangali Square Indore-452001 (M.P.) India Mobile :+91-9039261444
16th SEP– 20 th SEP
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WEEKLY REPORT INDIAN MARKETS INDICES
VALUE
INDIAN SECTORIAL INDICES
CHANGE (weekly)
% CHANGE (weekly)
NIFTY
11075.9
129.7
1.18%
SENSEX
37384.99
403.22
1.09%
BANK NIFTY
28098.8
850.9
3.12%
MARKET SUMMARY
The BSE Sensex was up 280.71 points at 37,384.99 as 25 out of 30 stocks closed in green, while the Nifty50 climbed 93.10 points to 11,075.90. The NSE Smallcap index trades at 15.0x on positive PE basis; the Nifty trades at 21.0x positive PE. The gap between the Nifty and Smallcap returns from Jan-18 is around 46 percent, which can give an attractive entry point for long-term investors, notwithstanding the short term headwinds.”
16th SEP– 20 th SEP
INDICES
CHANGE (weekly)
% CHANGE (weekly)
NIFTY500
9050.85
1.46%
NIFTY NEXT 50
26460.1
1.56%
NIFTY MID100
11,205.10
-28.20%
NIFTY IT
15,722.90
-1.94%
NIFTY 100
11,205.10
1.24%
NIFTY BANK
28,098.75
3.12%
NIFTY REALTY
268.1
5.43%
NIFTY INFRA
3071.2
1.52%
NIFTY ENERGY
14727.15
0.93%
NIFTY MIDCAP 50
4,366.95
2.63%
WEEKLY REPORT MOVERS & SHAKERS LAST WEEK Losers of the Week Symbol
CMP
MPS Infotecnics
Somany Ceramics Ltd.
-50
0.1
-33.33
208.6
-27.02
Gainers of the Week Symbol SAL Steel
CMP
% change 3.5
S&P 500
NASDAQ
27,182.45(1.44%)
3,009.57(1.04%)
8,194.47(1.13%)
European CAC 40
DAX
FTSE 100
5,671.26(1.20%)
12,475.64(2.33%)
7,336.59(0.74%)
Asian NIKKEI
HANG SENG
SHANGHAI COM.
21,199.57(2.39%)
27,352.69(2.48%)
3,031.24(1.05%)
62.79
Balkrishna Paper
33.4
59.05
India Tourism De
267.05
56.58
Shekhawati Poly
0.3
50
16th SEP– 20 th SEP
DJIA
-50
0.05
KSS L
United States
% change 0.1
ATN Internatio
GLOBAL INDICES WEEKLY
INDIAN CURRENCY WEEKLY
(
USD-INR
EUR-INR
GBP-INR
JPY-INR
USD INDEX
70.94(-3.72%)
78.75(-1.32%)
88.39(0.41%)
65.66 (2.68%)
98.037 (0.03%)
WEEKLY REPORT NIFTY WEEKLY OUTLOOK WEEKLY
WEEKLY
R3
11,447.62
R2
11,247.87
R1
11,179.68
Pivot
11,048.12
S1
10,979.93
S2
10,848.37
S3
10,648.62
CLOSE
11111.50
OPEN
10,944.60
HIGH
11116.30
LOW
10916.55
CHANGE
143.5
% CHANGE
1.31%
TECHNICAL VIEW
NIFTY FUTURE NIFTY FUTURE: ITS UP TREND IN LAST WEEK AND IN DIALY CHARTS DOUBLE BOTTOM BREAKOUT AND IN WEEKLY CHARTS A RANGE BREAKOUT AT LEVEL ABOVE 11200 . RSI GIVESH BUY SIGNALS. BUY NIFTY IN FUTRE CMP 11111.50 TGT 11350/11650 SL BELOW 10900
16th SEP– 20 th SEP
WEEKLY REPORT NIFTY BANK WEEKLY OUTLOOK WEEKLY
WEEKLY
R3
30,123.57
R2
28,964.17
R1
28,569.08
Pivot
27,804.77
S1
CLOSE
28174.00
OPEN
27,228.55
HIGH
28199.85
27,409.68
LOW
27040.45
S2
26,645.37
CHANGE
882
S3
25,485.97
% CHANGE
3.23%
TECHNICAL VIEW BANK NIFTY FUTURE: ITS UP TREND IN LAST WEEK AND IN DIALY CHARTS DOUBLE BOTTOM BREAKOUT AND IN WEEKLY CHARTS A RANGE BREAKOUT AT LEVEL ABOVE 28200 . RSI GIVESH BUY SIGNALS. BUY BANK NIFTY IN FUTURE ABOVE 28200 TGT 28700/29500 SL BELOW 27800
16th SEP– 20 th SEP
WEEKLY REPORT WEEKLY RECOMMENDATIONS : BALKRISIND FUTURE BUY WEEKLY
WEEKLY
R3
867.87
R2
811.27
R1
791.28
Pivot
754.67
S1
734.68
S2
698.07
S3
641.47
CLOSE
771.30
OPEN
727.35
HIGH
774.65
LOW
718.05
CHANGE
46.05
% CHANGE
6.35%
BALKRISIND FUTURE : ITS UP TREND IN LAST WEEK AND IN DAILY CHARTS FLAG BREAKOUT ANDIN WEEKLY CHARTS DOUBLE BOTTOM AND RANGE BREAKOUT GIVES , RSI GIVES BUY SIGNALS . BUY BALKRISIND IN FUTURE AOVE 772 TGT 784/797 SL BELOW 757
16th SEP– 20 th SEP
WEEKLY REPORT WEEKLY RECOMMENDATIONS TITAN FUTURE BUY WEEKLY
WEEKLY
R3
1,240.48
CLOSE
1129.30
R2
1,173.83
OPEN
1069.55
R1
1,151.57
HIGH
1129.45
LOW
1062.80
Pivot
1,107.18
S1
1,084.92
S2
1,040.53
S3
973.88
CHANGE
60.3
% CHANGE
5.64%
TECHNICAL VIEW TITAN FUTRE : ITS UP TREND IN LAST WEEK AND IN WEEKLY CHARTS DOUBLE BOTTOM BREAKOUT AND IN WEEKLY CHARTS A RANGE BREAKOUT AT LEVEL ABOVE 1130 . RSI GIVESH BUY SIGNALS
BUY TITAN IN FUTRE ABOVE 1130 TGT 1148/1180 SL BELWO 1108
16th SEP– 20 th SEP
WEEKLY REPORT OUR WEEKLY RECOMMENDATIONS : TITAN LTD BUY WEEKLY
WEEKLY
R3
1,239.08
CLOSE
1124.10
R2
1,171.03
OPEN
1062.00
R1
1,147.57
HIGH
1126.45
Pivot
1,102.98
LOW
1058.40
S1
1,079.52
S2
1,034.93
S3
966.88
CHANGE
98.85
% CHANGE
9.64%
TECHNICAL VIEW TITAN LTD : ITS UP TREND IN LAST WEEK AND IN WEEKLY CHARTS DOUBLE BOTTOM BREAKOUT AND IN WEEKLY CHARTS A RANGE BREAKOUT AT LEVEL ABOVE 1130 . RSI GIVESH BUY SIGNALS
BUY TITAN IN CASH ABOVE 1130 TGT 1148/1180 SL BELWO 1108
16th SEP– 20 th SEP
WEEKLY REPORT WEEKLY RECOMMENDATIONS BHRATFORG LTD (CASH) BUY WEEKLY
WEEKLY
R3
455.12
R2
431.27
R1
422.28
Pivot
407.42
S1
398.43
S2
383.57
S3
359.72
CLOSE
413.30
OPEN
393.00
HIGH
416.40
LOW
392.55
CHANGE
18.3
% CHANGE
4.63%
TECHNICAL VIEW BHRATFORG LTD : ITS UP TREND IN LAST WEEK AND IN DAILY CHARTS DOUBLE BOTTOM BREAKOUT AND UPPER RESIOSTANCE BREAKOUT LEVEL 415. RSI GIVESH BUY SIGNALS BUY BHRATFORG LTD IN CASH BAOVE 415 TGT 426/442 SL BELOW 399
16th SEP– 20 th SEP
WEEKLY REPORT STOCKS IN NEWS
Apollo Hospitals:
The stock touched its 52-week high of Rs 1,579.70 on September 12 before sliding to Rs 1,454. The
stock has good support at around Rs 1,300 and if it tests those levels then it will be a good buying opportunity for the medium term.
For the short term, it may still regain the momentum and go above the recent high as long as it trades above Rs 1,420. I will suggest buying the stock at around Rs 1,450 for a target of Rs 1,590, with a stop loss of Rs 1,410 for the short term.
Indiabulls Housing: Though the stock is looking very weak on charts, with RSI placed at RSI(14) - 40.78 and MACD negative, it is not advised to short sell on this stock.
We may see some bounce back around current levels, which may take the stock above Rs 500. The stock seems to be bottomed out at around Rs 410 and may need some consolidation around Rs 425-450 levels.
ICICI Bank: Good contra trade, buy for a target of Rs 470-490 This stock is trading around Rs 400, which is also a very good support. Technically, the stock is showing weakness with negative MACD and ROC at - 2.27.
But, looking at fundamentals of the stock, it can be a good contra trade to buy around 390-400 levels for a target of 470-490 in short to medium term.
16th SEP– 20 th SEP
WEEKLY REPORT WEEKLY PIVOT TABLE
16th SEP– 20 th SEP
WEEKLY REPORT 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.
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16th SEP– 20 th SEP
