EQUITY WEEKLY REPORT-23TH sep 27 TH september 2019

1. WEEKLY REPORT
23th SEP– 27 th SEP
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23thSEPTEMBER –27th SETEMBER
61.34 61.34

2. WEEKLY REPORT
23th SEP– 27 th SEP
MARKET SUMMARY
 The Sensex was up 1,921.15 points or 5.32% at 38,014.62, while
Nifty was up 569.40 points or 5.32% at 11,274.20.
 The stock markets responding to the relief measures announced
today registered the highest one day gain in a decade. The Govt
has chosen to give reliefs via corporate taxes (vs GST reliefs ex-
pected by different sectors). For listed corporates, the reliefs will
mean ~10% increase in EPS for most high tax paying corporates
leading to similar rise in indices
INDIAN SECTORIAL INDICES
INDICES
CHANGE
(weekly)
%
CHANGE
(weekly)
NIFTY500 9,230.50 1.98%
NIFTY NEXT 50 27,406.85 3.58%
NIFTY MID100 16,333.40 45.77%
NIFTY IT 15,491.05 -1.47%
NIFTY 100 11,432.00 2.02%
NIFTY BANK 28,981.55 3.14%
NIFTY REALTY 265.3 -1.04%
NIFTY INFRA 3,121.05 1.62%
NIFTY ENERGY 14,859.05 0.90%
NIFTY MIDCAP
50
4,452.90 1.97%
INDICES VALUE CHANGE (weekly)
% CHANGE
(weekly)
NIFTY 11274.2 198.3 1.79%
SENSEX 38014.62 629.63 1.68%
BANK NIFTY 28981.5 882.7 3.14%
INDIAN MARKETS

3. WEEKLY REPORT
23th SEP– 27 th SEP
Losers of the Week
Symbol CMP % change
HDFC Bank 1,199.60 -46.86
YES Bank Ltd. 55.5 -19.04
Zee Entertainment
En
301.4 -14.01
Tata Consultancy 2,065.45 -3.57
Gainers of the Week
Symbol CMP % change
Titan Company 1,263.55 12.48
Hindustan Unile-
ver L
1,969.75 9.09
Bajaj Finance L 3,702.20 8.02
Asian Paints Ltd. 1,671.00 7.93
GLOBAL INDICES WEEKLY
United States
DJIA S&P 500 NASDAQ
27,094.79 (-0.32%) 3,006.79 (-0.09%) 8,182.88 (-0.14%)
European
CAC 40 DAX FTSE 100
5,679.05(0.14%) 12,455.83(-0.16%) 7,367.38 (0.42%)
Asian
NIKKEI HANG SENG SHANGHAI COM.
22,079.09 (0.41%) 26,435.67 (-3.35%) 3,006.45(-0.82%)
MOVERS & SHAKERS LAST WEEK
INDIAN CURRENCY WEEKLY
USD-INR EUR-INR GBP-INR JPY-INR USD INDEX
71.04 (0.14%) 78.35 (-0.51%) 88.71 (0.36%) 65.81 (0.23%) 98.042 (0.01%)

4. WEEKLY REPORT
23th SEP– 27 th SEP
TECHNICAL VIEW
NIFTY FUTURE
NIFTY FUTURE: ITS UP TREND IN LAST WEEK AND IN WEEKLY CHARTS A RANGE BREAKOUT AND A STRONG RESISTANCE BREAKOUT AT
LEVEL ABOVE 11200 AND CLOSE ABOVE THAT .IST SIGNALS OF BULLISH TREND . RSI GIVESH BUY SIGNALS.
BUY NIFTY IN FUTURE ABOVE 11305TGT 11500/11800 SL BELOW 11000
NIFTY WEEKLY OUTLOOK
WEEKLY
R3 12,580.10
R2 11,854.60
R1 11,577.80
Pivot 11,129.10
S1 10,852.30
S2 10,403.60
S3 9,678.10
WEEKLY
CLOSE 11301.00
OPEN 11018.95
HIGH 11,405.90
LOW 10680.40
CHANGE 189.5
%
CHANGE
1.71%

5. WEEKLY REPORT
23th SEP– 27 th SEP
TECHNICAL VIEW
BANK NIFTY FUTURE: ITS UP TREND IN LAST WEEK AND IN WEEKLY CHARTS A RANGE BREAKOUT ANS MAJOR STRONG RE-
SISTANCE 28200 BREAKOUT GAVES AND CLOSE ABOVE THE LEVEL 29000 ITS STRONG BULLISH REVERSAL TRENDS . RSI GIVESH
BUY SIGNALS.
BUY BANK NIFTY IN FUTURE ABOVE 29010 TGT 29400/29900 SL BELOW 28500
NIFTY BANK WEEKLY OUTLOOK
WEEKLY
R3 33,843.92
R2 31,107.92
R1 30,057.88
Pivot 28,371.92
S1 27,321.88
S2 25,635.92
S3 22,899.92
WEEKLY
CLOSE 29,007.85
OPEN 27,905.90
HIGH 29,424.95
LOW 26,685.95
CHANGE 833.85
%
CHANGE
2.96%

6. WEEKLY REPORT
23th SEP– 27 th SEP
VOLTAS FUTURE : ITS UP TREND IN LAST WEEK AND IN DAILY CHARTS A RANGE BREAKOUT AND UPPER RESIOSTANCE
BREAKOUT LEVEL 665 .AND BULLISH FLAGE BREAKOUT IN WEEKLY CHARTS RSI GIVESH BUY SIGNALS
BUY VOLTAS LTD IN FUTRE ABOVE 675 TGT 699/740 SL BELOW 643
WEEKLY RECOMMENDATIONS : VOLTAS FUTURE BUY
WEEKLY
R3 764.40
R2 710.25
R1 691.85
Pivot 656.10
S1 637.70
S2 601.95
S3 547.80
WEEKLY
CLOSE 673.45
OPEN 634.85
HIGH 674.50
LOW 620.35
CHANGE 36.15
%
CHANGE
5.67%

7. WEEKLY REPORT
23th SEP– 27 th SEP
TECHNICAL VIEW
AXISBANK FUTRE : IN WEEKLY CHARTS A RANGE BREAKOUT GIVES AT LEVEL 675 AND BULLISH HAMMER CANDELSTRICK PAT-
TERN FOMRED . RSI GIVESH BUY SIGNALS
BUY AXISBANK IN FUTRE ABOVE 675 TGT 705/750 SL BELOW 645
WEEKLY RECOMMENDATIONS AXISBANK FUTURE BUY
WEEKLY
R3 793.73
R2 728.18
R1 702.22
Pivot 662.63
S1 636.67
S2 597.08
S3 531.53
WEEKLY
CLOSE 676.25
OPEN 668.00
HIGH 688.60
LOW 623.05
CHANGE -0.5
%
CHANGE
-0.07%

8. WEEKLY REPORT
23th SEP– 27 th SEP
TECHNICAL VIEW
ICICIBANK LTD : ITS UP TREND IN LAST WEEK AND TODAY WEEKLY CHARTS A RANGE BREAKOUT AT LEVEL ABOVE 415 AND
TRIPLE BOTTOM BREAKOUT GIVESG . RSI GIVES BUY SIGNALS
BUY ICICIBANK IN CASH ABOVE 416 TGT 432/456 SL BELOW 398
OUR WEEKLY RECOMMENDATIONS : ICICIBANK LTD BUY
WEEKLY
R3 486.80
R2 447.40
R1 431.55
Pivot 408.00
S1 392.15
S2 368.60
S3 329.20
WEEKLY
CLOSE 384.45
OPEN 408.00
HIGH 423.85
LOW 384.45
CHANGE 2
% CHANGE 0.48%

9. WEEKLY REPORT
23th SEP– 27 th SEP
TECHNICAL VIEW
VOLTAS LTD : ITS UP TREND IN LAST WEEK AND IN DAILY CHARTS RANGE BREAKOUT AND UPPER RESIOSTANCE BREAKOUT LEV-
EL 665 . RSI GIVESH BUY SIGNALS
BUY VOLTAS LTD IN CASH ABOVE 672 TGT 694/730 SL BELOW 648
WEEKLY RECOMMENDATIONS : VOLTAS LTD (CASH) BUY
WEEKLY
R3 762.47
R2 708.47
R1 689.93
Pivot 654.47
S1 635.93
S2 600.47
S3 546.47
WEEKLY
CLOSE 671.40
OPEN 632.00
HIGH 673.00
LOW 619.00
CHANGE 36.35
%
CHANGE
5.72%

10. WEEKLY REPORT
23th SEP– 27 th SEP
 Reducing corporate tax rate to 25 percent is big bang reform. Allows Indian companies to compete with lower tax juris-
dictions like the US. It signals that our government is committed to economic growth and supports legitimate tax abiding
companies
 "Corporate tax rate cut from 30 percent to 25.2 percent to spur growth- this is a great move which will firmly revive
growth and investment.
 Nirmala Sitharaman said the revenue foregone on reduction in corporate tax and other relief measures will be Rs 1.45
lakh crore annually
 Companies which are paying more than 30 percent tax include names like ZEE Entertainment, HDFC Bank, Tata
Steel, Bajaj Finance, Britannia Industries, Kotak Mahindra Bank, Hindalco Industries, Axis Bank, ITC, GAIL India,
and JSW Steel.
 Fall in taxes will lead to a rise in EPS by double digits which is a positive sign especially at a time when earnings have
been muted or largely in single digits for the last 12-18 months.
 Infosys and Wipro can breathe a sigh of relief. Both companies will be exempted from the buyback tax of 20 percent,
which was announced during Budget 2019. As per Budget 2019, both companies were liable to pay additional 20 percent
buyback tax. However, with the recent announcement, they are relieved from paying this tax.
STOCKS IN NEWS

11. WEEKLY REPORT
23th SEP– 27 th SEP
WEEKLY PIVOT TABLE

12. WEEKLY REPORT
23th SEP– 27 th SEP
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