This weekly market outlook report provides analysis and projections for the Nifty 50 and Bank Nifty indices based on technical indicators. It notes that Nifty 50 has minor support around 11,900 and resistance between 12,250-12,300. Bank Nifty has minor support at 30,500 and resistance between 32,400-32,450. The report also includes sector performance, FII/DII figures, and technical scans of individual stocks showing patterns and indicator signals.

1. MARKET OUTLOOK
DECEMBER 2019

2. Weekly Report
NIFTY BANKNIFTY
R2 12313.05 32586.45
R1 12292.90 32485.70
PIVOT 12271.80 32384.95
S1 12251.75 32241.80
S2 12231.65 32098.70
•Technically on the daily charts we see minor support on the downside for nifty 50
index lies at 11900 levels, whereas minor resistance on the upside is capped
around 12250-12300levels.
•If nifty 50 index breaches minor support on the downside and closes below it, we
may see fresh break down and index can drag towards major support on lower
side around 11700 and if breaches minor resistance on the upside and closes
above it, we may see fresh breakout and index can head towards higher levels
around 12350.
NIFTY WEEKLY
SECTORIAL PERFORMANCE
SECTOR CLOSING WoW
ENERGY 16,081.15 -0.20
IT 15,844.55 0.20
SERVICES 14,625.80 0.37
REALTY 291.95 0.53
MNC
13,749.15
0.01
AUTO 8,133.55 -0.39
METAL 2,707.50 0.61
FMCG 30,356.35 -0.10
PHARMA 8,049.45 -0.29
MEDIA 1,787.80 1.21
FII / DII (DAILY)
Date FII DII
20-Dec-19 338.86 -285.41
19-Dec-19 739.43 -493.95
18-Dec-19 1,836.81 -1,267.57
17-Dec-19 1,248.47 -908.16
16-Dec-19 728.13 -796.38
13-Dec-19 115.7 384.92
12-Dec-19 -683.83 810.23
11-Dec-19 605.41 239.87
10-Dec-19 -366.79 338.4
RESEARCH DESK
H.O.D Research - SOHAN RAI
SIMOLI SODHIYA
Technical Analyst
• Technically on the daily charts we see minor support on the downside for NIFTY
BANK index lies at 30500 levels, whereas minor resistance on the upside is
capped around 32400 – 32450 levels.
• If NIFTY BANK index breaches minor support on the downside and closes
below it, we may see fresh break down and index can drag towards major
support on lower side around 29800 and if breaches minor resistance on the
upside and closes above it, we may see fresh breakout and index can head
towards higher levels around 32500.
BANK NIFTY WEEKLY
Date :21 DEC 2019

3. • FTSE was consolidating above its resistance level after which bearish moves were seen in the index supported by Three
Black Crows.
• After showing the fall , the index has shown consolidation and a range bound movement is seen, supported by bullish
moves in the index. In down trend Doji pattern was seen after which bullish moves were seen in the stock supported by
three white soldiers pattern after which bullish moves are seen in the stock.
• After forming bearish harami pattern, selling was seen in the index supported by three black crows, after which
consolidation is seen at support level. after forming a hanging man a fall is seen in the index. The prices have reached
upto its support level where consolidation was seen and after which again a reversal of bullish moves was Seen.
Weekly Report
FTSE
• The Index has shown continuous bullish moves till its resistance level. After consolidation at resistance a bearish
breakout was seen in the index supported by three black crows and trend line breakout was also seen in the index.
• The index has formed Three white soldiers as well, after which buying is seen in the index and resistance breakout was
also seen. But after forming shooting star pattern selling was seen in the index.
• After resistance breakout strong upwards moves were seen and a new resistance has been formed by index and at that
level consolidation and a range bound movement was also seen after which again the bull rally continued.
DOW
Date :21 DEC 2019

4. • Crude Oil on technical has taken the formation of "Rising channel" pattern in daily time frame.
• Previously few sessions ended up sideways in trend along with some corrections inside the channel. As per the
technical aspects based on the current price action, the market is expected to continue on bullish trend.
• The continuation of the trend will be confirmed once the prices breaks above a key resistance holding at 4370. The
positive rally could be testing all the way up to 4500 level in the upcoming sessions.
• An alternative scenario indicates that if the key resistance holds strong then the market might retest the same and
revise the trend to bearish once again.
• Last few sessions ended up in sideways trend along with some corrections inside the channel, the market is
expected to continue on bearish momentum based on the price action.
• The continuation of the trend will be confirmed once the prices breaks above a key resistance holding at 38170.
• The positive rally could be extending all the way up to 38300-38450 levels in the upcoming sessions.
• An alternative scenario indicates that if the key resistance holds strong then the market might retest the same and
revise the trend to bearish once again. The downside rally could test up to 37700 levels
Weekly Report
CRUDE OIL
GOLD
Date :21 DEC 2019

5. Date :21 DEC 2019 TRADE SCANNER
PIVOT TRENDS
STOCK CLOSE 5 EMA 20 EMA
TATA MOTORS 175.95 175.97 169.61
ICICI BANK 546.10 541.38 525.83
CADILA 266.15 262.47 258.15
ACC CEMENT 1446.15 1450.12 1468.05
PIVOT TRENDS
STOCK CLOSE 5 EMA 20 EMA
HUL 1943.10 1955.85 2004.34
BANK BARODA 100.70 99.89 99.53
COAL INDIA 200.80 197.41 197.29
MINDTREE 783.45 770.18 746.79
CANDLE STICK PATTERN (BULLISH)
STOCK CLOSE SCALE JCP
IGL 433.20 DLY
BULLISH
ENGULFING
SRT FINANCE. 1182.10 DAILY
THREE
WHITE
SOLDIERS
INFOSYS 731.55 DAILY
BULLISH
HARAMI
ESCORTS 356.95 DAILY
THREE
OUTSIDE
UP
CANDLE STICK PATTERN (BEARISH)
STOCK CLOSE SCALE JCP
APOLLO TYRES 163.50 DLY
BEARISH
ENGULING
IDFC FIRST BANK 43.40 DAILY
BEARISH
HARAMI
TATA MOTORS 175.95 DAILY
DARK CLOUD
COVER
AJANTA PHARMA 953.65 DAILY
THREE BLACK
CROWS
INDICATORS (OVER BOUGHT)
STOCK CLOSE SCALE OSC.
BAJAJ FINANCE 4135.60 DLY RSI
CEAT 991.80 DLY RSI
DLF 230.55 DLY RSI
ICICI BANK 546.10 DLY RSI
INDICATORS (OVER SOLD)
STOCK CLOSE SCALE OSC.
AU SMALL
FINANCE BANK
797.50 DLY RSI
HUL 1943.10 DLY RSI
CASTROL INDIA 128.55 DLY RSI
PIRAMAL ENT. 1637.05 DLY RSI
TRADE SCANNER
Weekly Report

6. Date :21 DEC 2019
Above scanners will showcase a list of stock within the NSE 500 universe which have qualified
post a through process of scanning via technical based queries on a combination of various
technical indicators. The query models have been designed with an intension to gauge the
existing trend or expected momentum or a likely reversal. The objective of the process is to equip
short term traders with a watch list for the week. One can use this information to immediately view
the stock chart and see if there is any opportunity to trade. Since the stocks have been evaluated
based on EOD analysis it is advisable to consult with your advisor or a qualified analyst for a
trading positional opportunity. Regardless for your approach, this additional information could help
you eliminate and help you better trading decisions.
NEWS
PRODUCT DESCRIPTION
Weekly Report
STOCK NEWS POLITICAL NEWS ECONOMIC NEWS GLOBAL NEWS
Shares of Adani Ports
and Special Economic
Zone rallied 2 percent
intraday on December
20 as Kotak Institutional
Equities remained bullish
on the stock, citing likely
strong financials going
forward. "The improved
operating performance of
group companies and
recent stake sale are
reassuring. Share
pledges are stagnated
and can decline
meaningfully on stake-
sale transactions”
"Titan Global Retail LLC,
Dubai, has been
incorporated as a
subsidiary company of
Titan Holdings
International FZCO,
Dubai, which in turn is a
wholly owned subsidiary
of the company," The
company had a day
earlier also announced
the merger of a
subsidiary.
Prime Minister
Narendra Modi on
December 21 reviewed
the progress made by
various ministries in the
last six months after the
BJP returned to power
for the second
consecutive term. In the
meeting that is likely to
continue till the
evening, brief
presentations are being
made by ministries on
various decisions taken
by them.
The CPI(M) on
December 21 appealed
to protesters to
continue their agitation
peacefully against the
Citizenship
(Amendment) Act and
demanded that the
contentious legislation
be withdrawn and the
NRC process be
discontinued.
The government has
allowed import up to 4
lakh tonnes of urad dal
this fiscal only by millers
and refiners to boost
domestic supply and
prevent spike in prices.
Earlier, the government
had allowed import of
urad up to 1.5 lakh tonne
for the fiscal ending
March 2020. "Import of
urad shall be subject to
an annual quota of 4 lakh
MT. Import of urad under
the quota restriction will
be allowed only to the
millers/refiners,"
New Delhi’s Jawaharlal
Nehru University (JNU)
was in the news over a
slew of protests by
students over the fee
hike that is expected to
impact about 40 percent
of scholars.
International Olympic
Committee (IOC) chief
Thomas Bach has
thanked President Ram
Nath Kovind for co-
sponsoring the United
Nation Olympic Truce
Resolution.
In keeping with the
tradition dating back to
the original Olympic
Games in Ancient
Olympia in 776 BC, the
resolution will aim to
ensure a halt to all
hostilities, allowing the
safe passage and
participation of athletes
and spectators for the
Olympic and Paralympic
Games Tokyo 2020.
Temperatures above
40C (104F) and strong
winds created
"catastrophic" conditions
on December 21 for
firefighters battling more
than 100 fires burning
across New South Wales
state, while in South
Australia one person
was found dead in a fire.

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Weekly Report