The weekly market report summarizes the performance of key stock indices in India and globally for the week of October 7th to 12th. Some of the key highlights include: - The BSE Sensex and Nifty indices declined over 1% as most sectors traded in the red except IT. - Bank Nifty fell the most at over 7% for the week. - RBI cut repo rate by 25 bps to 5.15% but it was lower than expected cut of 40 bps given weak economic growth. - Technical analysis provides sell recommendations for Tata Steel, Grasim and Bank Nifty futures based on bearish patterns formed.

1. WEEKLY REPORT
7TH OCT– 12th OCT
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7th OCTOBER –12th OCTOBER
61.34 61.34

2. WEEKLY REPORT
7TH OCT– 12th OCT
MARKET SUMMARY
 The BSE Sensex slipped 433.56 points, or 1.17 percent, to 37,673.21 and the
Nifty fell 139.25 points, or 1.2 percent, to 11,174.75, as all sectoral indices
traded in the red barring IT.
 The broader markets also fell in line with benchmarks as the Nifty Midcap
and Smallcap indices declined around a percent each. About two shares declined
for every one share rising on the BSE.
 Nifty auto, financial services, metal, pharma and realty indices were down
between 1 percent and 2 percent.
INDIAN SECTORIAL INDICES
INDICES
CHANGE
(weekly)
%
CHANGE
(weekly)
NIFTY500 9,091.65 -3.24%
NIFTY NEXT 50 26,681.60 -4.09%
NIFTY MID100 15,573.70 -4.29%
NIFTY IT 15,340.30 0.68%
NIFTY 100 11,303.40 -3.09%
NIFTY BANK 27,731.85 -7.18%
NIFTY REALTY 248.15 -5.18%
NIFTY INFRA 3,131.40 -1.72%
NIFTY ENERGY 15,525.10 0.92%
NIFTY MIDCAP
50
4,237.25 -5.02%
INDICES VALUE CHANGE (weekly)
% CHANGE
(weekly)
NIFTY 11174.8 -337.6 -2.93%
SENSEX 37673.31 -1149.26 -2.96%
BANK NIFTY 27731.8 -2144.9 -7.18%
INDIAN MARKETS

3. WEEKLY REPORT
7TH OCT– 12th OCT
Losers of the Week
Symbol CMP % change
Indiabulls Housing F 245.25 -37.13
IndusInd Bank 1,265.30 -14.55
YES Bank Ltd. 42.15 -13.54
Zee Entertainment
En
236.85 -13.42
Gainers of the Week
Symbol CMP % change
Bharat Petroleum 515.55 9.74
Hind. Petrol 320.7 4.86
Indian Oil Corp 151.05 3.78
HCL Technologies 1,079.10 3.65
GLOBAL INDICES WEEKLY
United States
DJIA S&P 500 NASDAQ
26,573.72 (-0.92%) 2,952.01 (-0.33%) 7,982.47 (1.03%)
European
CAC 40 DAX FTSE 100
5,488.32 (-2.70%) 12,012.81 (-2.97%) 7,155.38(-3.65%)
Asian
NIKKEI HANG SENG SHANGHAI COM.
21,410.20 (-2.14%)
)
2.39%)
25,821.03 (-0.52%
)
2,905.19 (-0.92%)
)
)
(
MOVERS & SHAKERS LAST WEEK
INDIAN CURRENCY WEEKLY
USD-INR EUR-INR GBP-INR JPY-INR USD INDEX
70.82 (0.20%) 77.77 (-0.57%) 87.35 (0.56%) 66.22 (1.16%) 98.84 (0.07%)

4. WEEKLY REPORT
7TH OCT– 12th OCT
TECHNICAL VIEW NIFTY FUTURE
NIFTY FUTURE: ITS UP TREND IN LAST WEEK AND IN WEEKLY CHARTS BEARISH WIDE RANGE CANDELTSICK PATTERN FORMED AND
TREND LINE BREAKOUT GIVES IN DAIY CHARTS AND BEARISH FLAG PATTERN FORMED AT 11000 ITS MAJOR SUPPORT LEVEL . RSI
GIVESH SELL SIGNALS.
SELL NIFTY IN FUTURE BELOW 11200 TGT 11020/10800 SL ABOVE 11505
NIFTY WEEKLY OUTLOOK
WEEKLY
R3 12,149.48
R2 11,743.03
R1 11,472.12
Pivot 11,336.58
S1 11,065.67
S2 10,930.13
S3 10,523.68
WEEKLY
CLOSE 11,550.05
OPEN 11441.45
HIGH 11,607.50
LOW 11,201.05
CHANGE -26.95
%
CHANGE
-0.23%

5. WEEKLY REPORT
7TH OCT– 12th OCT
TECHNICAL VIEW
BANK NIFTY FUTURE: ITS UP TREND IN LAST WEEK AND IN WEEKLY CHARTS BEARISH WIDE RANGE CANDELTSICK PATTERN
FORMED AND TREND LINE BREAKOUT GIVES IN DAIY CHARTS AND BEARISH FLAG PATTERN FORMED AT LEVEL 27500 ITS
MAJOR SUPPORT LEVEL . RSI GIVESH SELL SIGNALS.
SELL BANK NIFTY IN FUTURE BELOW 27800 TGT 27500/26800 SL ABOVE 28200
NIFTY BANK WEEKLY OUTLOOK
WEEKLY
R3 32,841.53
R2 30,678.58
R1 29,244.22
Pivot 28,515.63
S1 27,081.27
S2 26,352.68
S3 24,189.73
WEEKLY
CLOSE 27809.85
OPEN 29894.90
HIGH 29950.00
LOW 27787.05
CHANGE -2251.45
%
CHANGE
-7.49%

6. WEEKLY REPORT
7TH OCT– 12th OCT
TATSTEEL FUTURE : TECHNICAL VIEW
TATASTEEL FUTURE : ITS STORNG DOWN TREND IN LAST WEEK AND BEARISH WIDE RANGE CANDELSTRICK PATTERN
FORMED AND BEARISH FLAG PATTERN BEARKOUT GAVES AT 330 . RSI GIVESH SELL SIGNALS
SELL TATASTEEL IN FUTURE BELOW 330 TGT 320/305 SL ABOVE 346
WEEKLY RECOMMENDATIONS : TATASTEEL FUTURE SELL
WEEKLY
R3 408.88
R2 376.38
R1 354.77
Pivot 343.88
S1 322.27
S2 311.38
S3 278.88
WEEKLY
CLOSE 333.15
OPEN 355.05
HIGH 365.50
LOW 333.00
CHANGE -27
%
CHANGE
-7.50%

7. WEEKLY REPORT
7TH OCT– 12th OCT
TECHNICAL VIEW
VOLTAS FUTURE : ITS UP TREND IN LAST WEEK A BEARISH ENGULISH CANDELSTRICK PATTERN FOMRED AND MAJOR SUPPORT
LEVEL 655 AND IF ITS BREAKOUT THEN ITS GOES DOWN TREND .RSI GIVES SELL SIGNALS
SELL VOLTAS IN FUTURE BELOW 655 TGT 638/602 SL ABOVE 675
WEEKLY RECOMMENDATIONS :VOLTAS FUTURE BUY
WEEKLY
R3 753.85
R2 712.60
R1 685.90
Pivot 671.35
S1 644.65
S2 630.10
S3 588.85
WEEKLY
CLOSE 659.20
OPEN 686.70
HIGH 698.05
LOW 656.80
CHANGE -25.85
%
CHANGE
-3.77%

8. WEEKLY REPORT
7TH OCT– 12th OCT
TECHNICAL VIEW
TATASTEEL LTD : ITS STORNG DOWN TREND IN LAST WEEK AND BEARISH WIDE RANGE CANDELSTRICK PATTERN FORMED
AND BEARISH FLAG PATTERN BEARKOUT GAVES AT 328 . RSI GIVESH SELL SIGNALS
SELL TATASTEEL IN CASH BELOW 328 TGT 318/302 SL ABOVE 342
OUR WEEKLY RECOMMENDATIONS : TATASTEEL LTD SELL
WEEKLY
R3 409.27
R2 375.87
R1 353.73
Pivot 342.47
S1 320.33
S2 309.07
S3 275.67
WEEKLY
CLOSE 331.60
OPEN 354.05
HIGH 364.60
LOW 331.20
CHANGE -26.5
% CHANGE -7.40%

9. WEEKLY REPORT
7TH OCT– 12th OCT
TECHNICAL VIEW
GRASIM LTD : ITS STORNG DOWN TREND IN LAST WEEK AND BEARISH WIDE RANGE CANDELSTRICK PATTERN FORMED IN
DAILY CHARTS BEARISH FLAG PATTERN BEARKOUT GAVES AND MAJORS SUPPRORT LEVEL 648 . RSI GIVESH SELL SIGNALS
SELL GRASIM LTD IN CASH BELOW 648 TGT 635/602 SL ABOVE 672
WEEKLY RECOMMENDATIONS : GRASIM LTD (CASH) SELL
WEEKLY
R3 856.67
R2 768.12
R1 709.08
Pivot 679.57
S1 620.53
S2 591.02
S3 502.47
WEEKLY
CLOSE 650.05
OPEN 724.55
HIGH 738.60
LOW 650.05
CHANGE -74.7
%
CHANGE
-10.31%

10. WEEKLY REPORT
7TH OCT– 12th OCT
 The Reserve Bank of India cut the repo rate, at which banks borrow money from the central bank, by 25 bps to 5.15 percent,
which was lower than analysts’ expectations.
 The central bank has kept the policy stance accommodative after the GDP growth in Q1FY20 fell to six-year low of 5 percent.
 The sixth reduction in this current calendar year takes the total rate cut to 135 bps.
 Considering the current weak economic growth and subdued demand, the street was expecting a rate cut of around 40 bps. An-
alysts still expect the final repo rate could be around 4.5-4.65 percent.
 "Today's rate cut of 25 bps by the RBI was short of our expectation of a front-loaded cut of 40 bps amidst sharp downside re-
vision of FY20 GDP growth forecast, which is reflective of further widening of the negative output gap," "However, with the CPI
inflation projected to remain under 4% in the near to medium term, it is a welcome sign that the MPC has now decided to main-
tain accommodative policy stance ‘as long as it is necessary to revive growth’.
STOCKS IN NEWS

11. WEEKLY REPORT
7TH OCT– 12th OCT
WEEKLY PIVOT TABLE

12. WEEKLY REPORT
7TH OCT– 12th OCT
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