The 30-share BSE Sensex was up 124.49 points at 32,028.89 and the 50-share NSE Nifty
while the broader markets underperformed, with the
BSE Midcap and Small cap indices closing flat .
Value Proposition canvas- Customer needs and pains
Equity weekly report 24 july to 28 j uly 2017
1. WEEKLY REPORT
24 July to 28 July 2017
Trade House 426 Alok Nagar, Kanadia Main Road Near Bangali Square
Indore-452001 (M.P.) India Mobile :+91-9039261444
E-mail: info@tradenivesh.in Telephone :+91-731-698.3000
24th July. to 28th July.
2017
2. WEEKLY REPORT
24 July to 28 July 2017
2
MARKET SUMMARY
The 30-share BSE Sensex was up 124.49 points at 32,028.89 and the 50-share NSE Nifty
gained 41.95 points at 9,915.25 while the broader markets underperformed, with the
BSE Midcap and Small cap indices closing flat . The market regained momentum in last
hour of trade Friday, with the Nifty closing above 9,900-mark despite weakness in glob-
al peers. The recovery was driven by Reliance Industries, technology and select banks
stocks while telecom, infra and healthcare stocks capped the upside.
INDIAN SECTORIAL INDICES
INDICES
% CHANGE
(weekly)
NIFTY AUTO 10955.40(0.57)
NIFTY FINANCE 9888.20(1.51)
NIFTY FMCG 25795.60(-7.42)
NIFTY IT 10711.55(3.68)
NIFTY COMSUMP 4459.80(-0.71)
NIFTY METAL 3203.15(2.00)
NIFTY PHARMA 10052.40(0.94)
NIFTY INFRA 3355.55(0.50)
NIFTY ENERGY 12641.40(1.58)
NIFTY REALTY 2279.90(1.30)
INDICES VALUE CHANGE (weekly)
% CHANGE
(weekly)
NIFTY 9915.25 28.9 0.29
SENSEX 32028.89 8.14 0.03
BANK NIFTY 24257.05 319.35 1.33
INDIAN MARKETS
3. WEEKLY REPORT
24 July to 28 July 2017
3
Losers of the Week
Symbol CMP % change
BHARTIARTL 411.00 -2.10
IBULHGFIN 1135.05 -2.05
POWERGRID 214.45 -1.94
LUPIN 1146.00 -1.72
HEROMOTOCO 3678.00 -1.39
Gainers of the Week
Symbol CMP % change
WIPPRO 285.65 6.13
RELIANCE 1584.00 3.60
ZEEL 556.50 3.26
COAL INDIA 262.50 2.82
KOTAK BANK 1001.95 2.24
GLOBAL INDICES WEEKLY
U.S.
DJIA S&P 500 NASDAQ
21637.50( 1.52% ) 2475.75( 2.77% ) 6387.75( 3.81% )
EUROPEAN
CAC 40 DAX FTSE 100
5117.66(-0.53%) 12240.06(-1.19%) 7452.91(1.38%)
ASIAN
NIKKEI HANG SENG SHANGHAI COM.
20099.75( 0.85%) 26706.09( 5.38%) 3238.16(0.63%)
MOVERS & SHAKERS LAST WEEK
INDIAN CURRENCY WEEKLY
USD-INR EUR-INR GBP-INR JPY-INR USD INDEX
64.35
(-0.61%)
74.95
( 1.33%)
83.74
( 0.21%)
57.68
( 1.13%)
95.78
( -2.08%)
9. WEEKLY REPORT
24 July to 28 July 2017
9
CORPORATE ACTIONS THIS WEEKCORPORATE ACTIONS THIS WEEK
SYMBOL PURPOSE DATE
NDTV Results 28-Jul-17
ASAL Results 28-Jul-17
LICHSGFIN Results 28-Jul-17
TANLA Results 28-Jul-17
10. WEEKLY REPORT
24 July to 28 July 2017
10
TECHNICAL VIEW
NIFTY in this week has traded in very narrow range of around 100 points. After making life time high on Monday the index remained
range-bound and closed with an expected “Hanging Man” candlestick formation but only the next candlestick will confirm the for-
mation, which indeed signalize downtrend, so for that Nifty may trade below the recent life time high. So we advise you to sell Nifty
from around 9930-9940 for the targets of 9850 and 9750 with strict stop loss of 10000.
NIFTY WEEKLY OUTLOOK
WEEKLY
R3 10117.07
R2 10006.17
R1 9958.33
Pivot 9895.17
S1 9847.38
S2 9784.22
S3 9673.27
WEEKLY
CLOSE 9910.55
OPEN 9926.15
HIGH 9942.95
LOW 9832.00
CHANGE 11.00
%
CHANGE
0.11
11. WEEKLY REPORT
24 July to 28 July 2017
11
TECHNICAL VIEW
BANKNIFTY seems to be more bullish for the coming week, as it has traded in a good range of more than 350 points and has closed
with a good green candlestick. On daily charts also after a small correction it pulled back to cover all losses and closed with a bullish
candlestick. So we suggest to buy it from around 24050 for the targets of 24250 and 24500 with strict stop loss 23750
.
NIFTY BANK WEEKLY OUTLOOK
WEEKLY
R3 25600.00
R2 24850.00
R1 24450.00
Pivot 24100.00
S1 23700.00
S2 23350.00
S3 22600.00
WEEKLY
CLOSE 24050
OPEN 24250
HIGH 24500
LOW 23750
CHANGE 277.20
%
CHANGE
1.15
12. WEEKLY REPORT
24 July to 28 July 2017
12
TECHNICAL VIEW
KPIT FUTURE ( SELL ) (27–JULY-2017)
KPIT FUTURE Is looking weak for the week, the scrip has performed poor along the week and crossing the 38.2% level it has closed
near it with a long red candlestick. We assume that it should continue the downtrend. So it is advised to sell KPIT future if it sustains
below 125 for the targets of 122 and 119 with strict stop loss of 129.
WEEKLY RECOMMENDATIONS KPIT FUTURE
WEEKLY
R3 155.83
R2 143.08
R1 134.82
Pivot 130.33
S1 122.07
S2 117.58
S3 104.83
WEEKLY
CLOSE 126.55
OPEN 136.30
HIGH 138.60
LOW 125.85
CHANGE -9.85
%
CHANGE
-7.22
13. WEEKLY REPORT
24 July to 28 July 2017
13
TECHNICAL VIEW
SREINFRA FUTURE ( BUY ) (27–JULY-2017)
SREINFRA FUTURE seems to be bullish this week, the stock after consolidation of 3 continuous weeks has spurt with great amount
of volumes and crossing the resistance it has closed with a bullish candlestick on weekly and daily charts. So we advise you to buy it
around 138 for the targets of 140 and 143 with strict stop loss of 135.
WEEKLY RECOMMENDATIONS SHREINFRA FUTURE
WEEKLY
R3 148.72
R2 142.17
R1 139.73
Pivot 135.62
S1 133.18
S2 129.07
S3 122.52
WEEKLY
CLOSE 137.30
OPEN 133.45
HIGH 138.05
LOW 131.50
CHANGE 22.75
%
CHANGE
19.86
14. WEEKLY REPORT
24 July to 28 July 2017
14
TECHNICAL VIEW
KECL(BUY)
KECL on weekly charts has prepared a Triple Bottom charts pattern and this week it has crossed the neckline of it and closed above
it. Moreover the stock is trading upside since continuous three weeks with good volumes. So we advise you to buy above 54 for tar-
gets of 56.5 and 60 with strict stop loss of 51.
OUR WEEKLY RECOMMENDATIONS KECL (CASH)
WEEKLY
R3 70.08
R2 61.13
R1 57.32
Pivot 52.18
S1 48.37
S2 43.23
S3 34.28
WEEKLY
CLOSE 53.50
OPEN 48.20
HIGH 56.00
LOW 47.05
CHANGE 6.10
%
CHANGE
12.86
15. WEEKLY REPORT
24 July to 28 July 2017
15
TECHNICAL VIEW
WELENT ENTERPRISES (BUY)
WELENT ENTERPRISES has closed with further bullish indications. The scrip has crossed 61.8% of Fibonacci and trading with
heavy volumes. It has its next resistance around 158, till than it seems to be bullish. So we advise you to buy it above 144 for the tar-
gets of 148 and 152 with strict stop loss of 139.
WEEKLY RECOMMENDATIONS WELENT ENTERPRISES (CASH)
WEEKLY
R3 176.85
R2 156.90
R1 149.85
Pivot 136.95
S1 129.90
S2 117.00
S3 97.05
WEEKLY
CLOSE 142.80
OPEN 124.05
HIGH 144.00
LOW 124.05
CHANGE 18
%
CHANGE
14.42
16. WEEKLY REPORT
24 July to 28 July 2017
16
STATUS OF OUR LAST WEEKLY RECOMMENDATIONS
SYMBOL PTC INDIA
SEGMENT FUTURE
BUY 116.25
TG1 119.50
TG2 124
SL 111
ACHIEVED 1ST TGT HIGH IS
121.20
SYMBOL HIND PETRO
SEGMENT FUTURE
BUY 392.50
TG1 400
TG2 410
SL 382
ACHIEVED NOT EXECUTED
SYMBOL POLYPLEX
SEGMENT CASH
BUY 470.10
TG1 484
TG2 500
SL 455
ACHIEVED CLOSE PRICE 463.50
SYMBOL PRAKASH IND.
SEGMENT CASH
BUY 117
TG1 122
TG2 130
SL 109.50
ACHIEVED 2ND TGT HIGH IS
SYMBOL NIFTY FUTURE
SEGMENT INDEX
BUY 9900
TG1 9955
TG2 10000
SL 9830
ACHIEVED CLOSE PRICE 9911.25
SYMBOL BANK NIFTY FUTURE
SEGMENT INDEX
BUY 24004
TG1 24400
TG2 24800
SL 23500
ACHIEVED CLOSE PRICE
24254.80
17. WEEKLY REPORT
24 July to 28 July 2017
17
RELIANCE India's disruptive new telecom entrant Reliance Jio, backed by the country's richest man Mukesh Ambani, unveiled a low-cost 4G-enabled phone
on Friday to woo tens of millions of new clients, further destabilising legacy telecom players. Reliance sees the new handset, named JioPhone, allowing it to tar-
get India's entire telecom user base.
WIPRO India's third-largest software services exporter, announced an up to Rs. 11,000 crore ($1.71 billion) share buyback , overshadowing a tepid revenue
forecast that fell short of market expectations .
BIALAJI TELIFILMS Shares of Balaji Telefilms soared nearly 9 per cent today after Reliance Industries Ltd (RIL) board approved a plan to pick nearly 25
per cent stake in the company for about Rs. 413 crore.
JSW CEMENT JSW Cement, a JSW group company is eyeing at a valuation of around Rs. 30,0000 crore when it hits the IPO street with 10 per cent dilution.
The current rated capacity of JSW Cement is 10.3 million tonne and the company has recently invested Rs. 1,850 crore in capacity ramp up and acquisition stake
in Shiva Cement.
AXIS BANK Private sector bank Axis Bank on Friday said it has completed the first cohort of its start-up Accelerator Program at its innovation lab 'Thought
Factory' here . Claiming to be the first Indian bank to launch such an innovation platform, it said it has successfully mentored six start-ups - S2Pay, Pally, Per-
pule, FintechLabs, Paymatrix and Gieom to create breakthrough technology solutions to disrupt the banking-tech landscape.
BHUSHAN STEEL The National Company Law Tribunal on Wednesday reserved order on insolvency pleas against Bhushan Steel as well as Bhushan Steel
and Power even as it 'wondered' as to why RBI had to issue directions to banks to initiate bankruptcy proceedings against big defaulters .
AUROBINDO PHARMA shares soared over 8 per cent today after the company received final approval from the US FDA (Food and Drug Administration) to
manufacture and market Sevelamer Carbonate tablets.
MASTEK Abhinandan Leasing and Finance Private Limited sold 160,000 shares of Mastek at Rs 327.90 per share on the NSE .
LUPIN shares lost 2.8 percent intraday Friday after sources told CNBC-TV18 that the US health regulator will begin inspection of company's Pithampur (in
Madhya Pradesh) unit 1 from Monday, July 24.
RELSTRUCT BUILDCON Swetsam Stock Holding Private Limited sold 204,000 shares of Relstruct Buildcon at Rs 47.90 per share on the BSE.
AKSH OPTIFIBRE Trinetra Company Pvt Ltd bought 900,000 shares of Aksh Optifibre at Rs 24.97 per share on the NSE .
JUST DIAL had hinted at a share buyback ahead, by mentioning a more ‘tax efficient way’ of returning money to shareholders .
JAIPRAKASH ASSOCIATES rallied 15 percent after ace investor Rakesh Jhunjhunwala picked up 1.03 percent stake in the company during April-June
quarter
IUBILANT LIFE SCIENCE Jhunjhunwala also bought 1.26 percent stake in Jubilant Life Sciences that gained over a percent.
STOCKS IN NEWS
19. WEEKLY REPORT
24 July to 28 July 2017
19
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Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding posi-
tions and trading volume. The information in this document has been printed on the basis of publicly available information,
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