Equity weekly

www.trifidresearch.com | Email id: info@trifidresearch.com | Toll Free: 1800-270-1410
Weekly Market Insights
14th
August– 18th
August 2017
`4321Market Snippet
 Market tanked on weak global cues, nifty ended below
9750 mark to close at 9737.60.
 SBI Q1 profit jumps 3-fold to Rs 3,032 crore, asset
quality worsens.
 Biocon shares moved higher after company incorporates
Malaysian subsidiary.
 Union Bank of India approves foreign investment in unit
UAMC.
 Cadila Healthcare Q1FY18 consolidated net profit
declines 65.3% yoy.
 Ashok Leyland today announced that company bags
order of Rs 120 crore from Rivigo.
 IOC shares rallied after buys 1.9 billion barrels of US
crude.
 Tata Motors and Skoda end discussions for potential
partnership.
 PEL issued secured Non-Convertible Debentures upto
Rs.75 crores.
 ALBK declared Q1 Net profit at Rs28.8 crore against the
loss of Rs565 Crore compared year on year.
Indian Markets
INDEX VALUE CHANGE %CHANGE
NIFTY 9710.80 -355.60 -3.53%
SENSEX 31213.59 -1111.81 -3.43%
NIFTYBANK 23985.75 -841.65 -3.39%
INDIA VIX 15.1950 +3.805 +33.40%
International Markets
INDEX VALUE CHANGE %CHANGE
DOW 21844.01 -172.23 -0.78%
NASDAQ 6216.87 -145.77 -2.29%
FTSE 7305.79 -138.44 -1.85%
SHANGHAI 3209.80 -63.61 -1.94%
NIKKEI 19729.74 -299.52 -1.49%
OUR PREVIOUS CALLS UPDATE
Calls of the week
Date Stocks Entry Exit P/L
07/08 ASIANPAINT(L) 1165 - UNEX
07/08 HDFCBANK(L) 1809 - UNEX
Weekly Pick
Date Stock Entry Exit P/L
07/08 IBULHSGFIN(L) 1232 - UNEX
Gainers
LARGECAP %CHANGE MIDCAP %CHANGE
TATASTEEL +3.63% PC JWELLERS +14.53%
NHPC +0.50% RELAXO +6.30%
INFY +0.40% KWALITY LTD +4.25%
BHARATFORDG +0.30% TORRENTPHARM +3.66%
WIPRO +0.10% TV TODAY +3.40%
Losers
LARGECAP %CHANGE MID CAP %CHANGE
TATAMOTORS -14.03% ADANIPOWER -17.33%
SUNPHARMA -11.14% STAR -13.49%
BANK BARODA -10.51% UNION BANK -12.27%
DRREDDY’S -10.20% GMRINFRA -12.18%
SBIN -8.22% RELIANCE COM -10.94%
FII & DII Activity
Date
FII
(in Rs. cr.)
DII
(in Rs. cr.)
07-AUG-17 -119.21 +308.15
08-AUG-17 +1539.82 +798.55
09-AUG-17 -841.44 +553.17
10-AUG-17 -1171.21 +821.72
11-AUG-17
-1943.86 +2016.84

Weekly Market View
Nifty traded lower in the stress full week as the increasing
tension talks between US and North Korea kept the major
world indices lower for the week besides the weak resulted
posted by SBI also dragged the market to end lower on Friday
at 9737.60.The caution ahead of IIP data for June due later in
the day too weighed on the domestic sentiment. Nifty looks
bearish on weekly and daily chart if closes below the support
level of 9650 and may witness selling to test the next support of
9450.
Nifty
Support & Resistance
Close S1 S2 Crucial R1 R2
9737.60 9650 9450 9950 9950 10150
Nifty Bank
Weekly Nifty Bank View
Nifty Bank traded lower too after forming dozi candle
formation on weekly chart to confirm selling as the profit
booking amid geopolitical tension kept the banking stocks in
jitter too.SBI posting weak result also contributed to losses.
Nifty bank ended the week to settle at 24080.It looks weak on
daily and weekly chart both as close below the support level
may drag it down to test the support level of 23650.
Support & Resistance
Close S1 S2 Crucial R1 R2
24080 23650 23200 23650 24350 24700
Global Markets Update
World markets traded lower in stress full last week as the
increasing geopolitical tension between USA and North Korea
kept the major world indices lower for the week.US S&P 500
ended the Friday’s trade business lower at 2438.21.German DAX
closed at 11984.50.The Asian peers also remained stress full as
Nikkei 225 too ended lower to close at 19729.74 and China’s
shanghai composite ending the Friday’s trading lower at
3208.54.The US core inflation and GDP data may infuse volatility
in the market on Friday.

Calls of the week
(Premium Section)
PETRONET EQ had been hovering around the resistance level so shown in last two sessions and may further hike in
coming sessions.
BUY ABOVE 215 TARGETS 219.30/223.80 SL 209.
ASIANPAINT EQ traded around the upper band of the triangle pattern and may show positive breakout above the
mentioned level.
BUY ABOVE 1148.75 TARGETS 1172/1196 SL 1120.

Weekly Pick
(Premium Section)
BATAINDIA EQ surpassed the important resistance levels on daily chart and hovering around the higher levels suggesting
positive breakout above the mentioned level.
BUY ABOVE 648 TARGETS 668/688 SL 623.

Trifid Research respects and values the Right to Policy of each and every individual. We are esteemed
by the relationship and by becoming our clients; you have a promise from our side that we shall
remain loyal to all our clients and non-clients whose information resides with us. This Privacy Policy
of Trifid Research applies to the current clients as well as former clients. Below are the word by word
credentials of our Privacy Policy:
1. Your information, whether public or private, will not be sold, rented, exchanged, transferred
or given to any company or individual for any reason without your consent.
2. The only use we will be bringing to your information will be for providing the services to you
for which you have subscribed to us.
3. Your information given to us represents your identity with us. If any changes are brought in
any of the fields of which you have provided us the information, you shall bring it to our
notice by either calling us or dropping a mail to us.
4. In addition to the service provided to you, your information (mobile number, E-mail ID etc.)
can be brought in use for sending you newsletters, surveys, contest information, or
information about any new services of the company which will be for your benefit and while
subscribing for our services, you agree that Trifid Research has the right to do so.
5. By subscribing to our services, you consent to our Privacy Policy and Terms of Use.
6. Trifid research does not guarantee or is responsible in any which way, for the trade execution
of our recommendations, this is the sole responsibility of the client.
7. Due to the market’s volatile nature, the trader may/ may not get appropriate opportunity to
execute the trades at the mentioned prices and Trifid Research hold’s no liability for any
profit/ loss incurred whatsoever in this case.
8. It is the responsibility of the client to view the report timely from our Premium member
section on our website: www.trifidresearch.com and the same will also be mailed to this
registered email id.
9. Trifid research does not hold any liability or responsibility of delay in mail delivery of
reports, as this depends on our mail service provider’s network infrastructure.
10. The clients can call us for any query related to buying/selling the securities, based on our
recommendations.
DISCLAIMER

Equity weekly

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to Equity weekly

Similar to Equity weekly (20)

Recently uploaded

Recently uploaded (20)

Equity weekly