- The key indices in India ended higher for the week led by gains in the banking, metal and auto sectors. Axis Bank, Vedanta and Coal India were the top gainers. - Globally, Asian markets rose led by a 4.5% gain in the Hang Seng while European markets were up around 1% and US markets rose less than 1%. - Technically, charts indicate bullish patterns in Axis Bank, Tata Steel, SBI and Tata Motors suggesting these as buy recommendations. Support and resistance levels are provided.

1. WEEKLY REPORT
16TH DEC– 20TH DEC
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16TH DECEMBER–20TH DECEMBER
61.34 61.34

2. WEEKLY REPORT
16TH DEC– 20TH DEC
MARKET SUMMARY
 At close, the Sensex was up 428 points or 1.05% at 41009.71, while Nifty was up
114.90 points or 0.96% at 12086.70. About 1518 shares have advanced, 981 shares
declined, and 161 shares are unchanged.
 Axis Bank, Vedanta, Coal India, Hindalco Industries and SBI were among major
gainers on the Nifty, while losers include Dr Reddys Laboratories, Bharti Airtel, Zee
Entertainment, Kotak Mahindra Bank and Bajaj Auto.
 All sectoral indices ended higher led by PSU bank, metal, auto, infra, FMCG and IT.
INDIAN SECTORIAL INDICES
INDICES
CHANGE
(weekly)
% CHANGE
(weekly)
NIFTY500 9,783.60 1.18%
NIFTY NEXT 50 28,076.70 0.80%
NIFTY MID100 16,932.40 1.20%
NIFTY IT 15,200.55 -0.58%
NIFTY 100 12,182.70 1.31%
NIFTY BANK 32,014.25 2.15%
NIFTY REALTY 287.65 1.50%
NIFTY INFRA 3,238.25 0.00%
NIFTY ENERGY 16,068.05 1.62%
NIFTY MIDCAP 50 4,641.70 1.87%
INDICES VALUE CHANGE (weekly)
% CHANGE
(weekly)
NIFTY 12086.7 165.2 1.39%
SENSEX 41009.71 564.56 1.40%
BANK NIFTY 32014.3 672.8 2.15%
INDIAN MARKETS

3. WEEKLY REPORT
16TH DEC– 20TH DEC
Losers of the Week
Symbol CMP % change
YES Bank Ltd. 46.65 -16.7
Bharti Airtel 427.8 -3.83
HCL Technologies 543.15 -3.06
Bharti Infratel Ltd. 252.4 -2.81
Gainers of the Week
Symbol CMP % change
Tata Motors Ltd. 176.7 9.41
Tata Steel 428.4 6.24
Eicher Motors 22,034.75 5.33
Vedanta 149.4 5.25
GLOBAL INDICES WEEKLY
United States
DJIA S&P 500 NASDAQ
28,135.38 (0.43%) 3,168.80 (0.73%) 8,734.88(0.91%)
European
CAC 40 DAX FTSE 100
5,919.02(0.80%) 13282.72(0.88%) 7,353.44(1.57%)
Asian
NIKKEI HANG SENG SHANGHAI COM.
24,023.10 (2.86%) 27,687.76 (4.49%) 2,967.68(1.91%)
MOVERS & SHAKERS LAST WEEK
INDIAN CURRENCY WEEKLY
USD-INR EUR-INR GBP-INR JPY-INR USD INDEX
70.69 (-0.86%) 78.61 (-0.30%) 94.19 (0.58%) 64.65 (-
1.52%)
97.178 (-
0.48%)

4. WEEKLY REPORT
16TH DEC– 20TH DEC
TECHNICAL VIEW NIFTY FUTURE
NIFTY FUTURE: IN WEEKLY CHART A BULLISH ENGULFING CANDELSTRICK PATTERN FORMED AND A ROUNDING BOTTOM PATTERN
FORMED AND IN DAILY CHARTS BULLISH WIDE RANGE CANDELSTRICK PATTERN AND RANGE BREAKOUT ABOVE 12200 , MAJORS RE-
SISTANCE LEVEL, AND MAJOR SUPPORT LEVEL 11900 AND UPPER RESISTANCE LEVEL 12200 ,AND THE RANGE BETWEEN NIFTY IS 12500-
11800 ,
BUY NIFTY IN FUTURE ABOVE 12160 TGT 12400/12700 SL BELOW 11800
NIFTY WEEKLY OUTLOOK
WEEKLY
R3 12,692.30
R2 12,367.90
R1 12,259.60
Pivot 12,043.50
S1 11,935.20
S2 11,719.10
S3 11,394.70
WEEKLY
CLOSE 12151.30
OPEN 11962.35
HIGH 12151.80
LOW 11827.40
CHANGE 201.8
%
CHANGE
1.69%

5. WEEKLY REPORT
16TH DEC– 20TH DEC
TECHNICAL VIEW
BANK NIFTY : IN WEEKLY CHARTS BULLISH ENGULFING PATTERN FORMED AND ROUNDING BOTTOM BREAKOUT GIVEN ITS IN DAI-
LYS CHARTS BULLISH WIDE RANGE CANDELSTRICK PATERN FOMRED AND MAJORS RESISTANCE LEVEL 31800 AND MAJORS SUP-
PORT LEVEL 32500 ,THE RANGE BETWEEN 31800-32500
BUY BANK NIFTY IN FUTURE ABOVE 32100 TGT 32450/32800 SL BELOW 31700
.
NIFTY BANK WEEKLY OUTLOOK
WEEKLY
R3 34,090.23
R2 32,941.23
R1 32,518.42
Pivot 31,792.23
S1 31,369.42
S2 30,643.23
S3 29,494.23
WEEKLY
CLOSE 32095.60
OPEN 31386.00
HIGH 32215.05
LOW 31066.05
CHANGE 696.65
%
CHANGE
2.22%

6. WEEKLY REPORT
16TH DEC– 20TH DEC
AXISBABANK FUTURE : IN WEEKLY CHARTS A BULLISH ENGULFING CANDELSTRICK PATTERN FORMED AND RANGE BREAKOUT GIVEN
AND DAILY CHARTS WIDE RANGE CANDELSTRICK PATTERN FORMED GIVEN WITH HIGH VOLUME, AS MAJORS RESISTANCE LEVEL 760 AND
SUPPORT LEVEL 640 , AND MACD ALSO GIVES BUY SINGNALS.
BUY AXIBANK IN FUTURE ABOVE 758 TGT 777/800 SL BELOW 735
WEEKLY RECOMMENDATIONS FUTURE BUY AXISBANK
WEEKLY
R3 826.00
R2 783.25
R1 768.75
Pivot 740.50
S1 726.00
S2 697.75
S3 655.00
WEEKLY
CLOSE 754.25
OPEN 716.00
HIGH 755.00
LOW 712.25
CHANGE 33
%
CHANGE
4.58%

7. WEEKLY REPORT
16TH DEC– 20TH DEC
TATASTEEL FUTURE
TATASTEEL FUTURE : IN WEEKLY CHARTS A BULLISH ENGULFING CANDELSTICK PATTERN FORMED AND RANGE BREAKOUT
GIVEN .AS MAJORS RESISTANCE LEVEL 438 AND MAJOR SUPPORT LEVEL 420 , DAILY CHART THE ROUNDING BOTTOM BREAK OUT
GIVEN . AND RSI ALSO BUY SINGNALS.
BUY TATASTEEL IN FUTURE ABOVE 432 TGT 445/465 SL BELOW 420
WEEKLY RECOMMENDATIONS TATASTEEL FUTURE BUY
WEEKLY
R3 492.02
R2 457.27
R1 444.13
Pivot 422.52
S1 409.38
S2 387.77
S3 353.02
WEEKLY
CLOSE 431.00
OPEN 403.55
HIGH 435.65
LOW 400.90
CHANGE 27.95
%
CHANGE
6.93%

8. WEEKLY REPORT
16TH DEC– 20TH DEC
TECHNICAL VIEW
SBIN LTD : IN WEEKLY CHARTS A BULLISH PIERCING LINE CANDELSTRICK PATTERN FORMED AND IN DAILY CHART WIDE RANGE CAN-
DELSTRICK PATTERN AND RANGE BREAKOUT GIVEN 325 , AS MAJORS RESISTANCE LEVEL 345 AND MAJOR SUPPORT LEVEL 315, AND
RSI ALSO GIVES BUY SINGNALS.
BUY SBIN IN CASH ABOVE 335 TGT 347/368 SL BELOW 318
OUR WEEKLY RECOMMENDATIONS SBIN LTD (CASH)
WEEKLY
R3 375.77
R2 350.32
R1 341.73
Pivot 324.87
S1 316.28
S2 299.42
S3 273.97
WEEKLY
CLOSE 333.15
OPEN 318.40
HIGH 333.45
LOW 308.00
CHANGE 14.95
%
CHANGE
4.70%

9. WEEKLY REPORT
16TH DEC– 20TH DEC
TECHNICAL VIEW
TATASTEEL LTD : IN WEEKLY CHARTS A BULLISH ENGULFING CANDELSTICK PATTERN FORMED AND RANGE BREAKOUT GIV-
EN .AS MAJORS RESISTANCE LEVEL 438 AND MAJOR SUPPORT LEVEL 420 , DAILY CHART THE ROUNDING BOTTOM BREAK OUT GIV-
EN . AND RSI ALSO BUY SINGNALS.
BUY TATASTEEL IN CASH ABOVE 430 TGT 445/468SL BELOW 418
WEEKLY RECOMMENDATIONS TATASTEEL LTD (CASH)
WEEKLY
R3 489.73
R2 455.53
R1 442.47
Pivot 421.33
S1 408.27
S2 387.13
S3 352.93
WEEKLY
CLOSE 429.40
OPEN 403.50
HIGH 434.40
LOW 400.20
CHANGE 27.45
%
CHANGE
6.83%

10. WEEKLY REPORT
16TH DEC– 20TH DEC
 Sebi rejects lenders’ plea on client shares pledged by Karvy:The Securities and Exchange Board of India (Sebi) has rejected a plea of lenders
seeking depositories to return majority of client shares pledged by Karvy Stock Broking with them. Depositories on instruction from the capi-
tal markets regulator had transferred securities worth about 2,013.77 crore to 82,559 clients of Karvy Stock Broking whose shares were ille-
gally pledged with these lenders. This represents 87% of the affected clients. The shares transferred belonged to Karvy clients who had fully
paid for them but were unlawfully pledged through misuse of the powers of attorney (PoA).
 Tata Motors surges after Brexit hopes brighten: British Prime Minister Johnson has promised to deliver on Brexit, which is seen as a senti-
mental positive for Indian companies with exposure to the UK as it removes a factor of uncertainty. UK accounts for 20% of sales of Tata
Motors’ subsidiary Jaguar Land Rover (JLR), analysts said. Shares of auto-maker Tata MotorsNSE 1.93 % hit an over six-month high on Friday
as the Boris Johnson-led Conservative Party won the elections in the UK – an important market for the company. The stock, which surged as
much as 6% to a high of Rs 183.90, pared some gains, ending nearly 2% up at Rs 176.65.
Metal stocks gain on likely trade deal:Metal stocks surged on Friday after US President Donald Trump approved a phase one trade deal with
China. The BSE Metal index gained 2.3% with Vedanta, Hindalco Industries NSE 3.38 %, Tata Steel NSE 2.32 % and Steel Authority of Indi-
aNSE 2.01 % advancing 2-4%.The US President signed off on a phase-one trade deal with China, averting the December 15 introduction of a
new wave of US tariffs on about $160-billion worth of consumer goods from China.
Brokers want dividend tax to go, also seek relief on STT & LTCG:Indian stock brokers have sought the reintroduction of rebates on the pay-
ment of securities transaction tax (STT), withdrawal of dividend distribution tax, and restoration of the exemption on long-term capital gains
tax in listed shares.The Association of National Exchanges Members of India (ANMI) has also sought reduction in the rate of STT, and listed
these four demands in a letter addressed to the Central Board of Direct Taxes (CBDT); these will be included in the budget recommendations
to the finance ministry.
STOCKS IN NEWS

11. WEEKLY REPORT
16TH DEC– 20TH DEC
WEEKLY PIVOT TABLE

12. WEEKLY REPORT
16TH DEC– 20TH DEC
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