weekly saturday report

1. MARKET OUTLOOK
DECEMBER 2019

2. Weekly Report
NIFTY BANKNIFTY
R2 12350 32800
R1 12300 32500
PIVOT 12086.70 32850
S1 12098 31924
S2 11903 31234
•The Nifty, which opened lower, remained volatile through the session and closed flat
on January 17 as traders closely watched third-quarter earnings and eagerly
await Union Budget on February 1.
•The index managed to close above 12,350 and formed a small bullish candle on
daily charts, as the closing was higher than the opening tick.
•For the week, it remained lacklustre and traded in a range of more than 100 points,
forming a bullish candle on the weekly scale.
•Experts say the sideways trade will continue in the coming week and traders will
closely watch the crucial 12,300-mark as it will be key to further direction, on either
side.
•The volatility index India VIX fell marginally by 0.37 percent to 14.12
NIFTY WEEKLY
SECTORIAL PERFORMANCE
SECTOR CLOSING WoW
Nifty Bank 31590.65 -1.58%
Nifty IT 16356.6 2.49%
Nifty
Pharma 8345.3 3.56%
Nifty
Finance 14561.8 -0.33%
Nifty FMCG 31371.45 3.30%
Nifty MNC 14146.85 2.57%
Nifty
Services 17596.1 0.22%
Nifty
Energy 16077.65 0.86%
BSE Dollex
300 4805.25 1.32%
BSE IT 15778.24 1.01%
FII / DII (DAILY)
Date FII DII
17-Jan-20 264.26 -500.17
16-Jan-20 -395.24 -184.65
15-Jan-20 279.53 -648.34
14-Jan-20 -205.56 -642.47
13-Jan-20 120.79 -1,128.89
10-Jan-20 578.28 -251.74
09-Jan-20 -431.11 419.22
08-Jan-20 -515.85 748.4
07-Jan-20 -682.23 311.19
RESEARCH DESK
H.O.D Research - SOHAN RAI
PAWAN PATIL
Technical Analyst
• Among the sectors, Nifty PSU Bank jumped over 2 percent led by State Bank of
India, PNB, Bank of Baroda and Canara Bank which added over 2 percent each
followed by Syndicate Bank, Indian Bank and Union Bank of India.
• Nifty Bank is also up 2 percent ICICI Bank, IDFC First Bank, IndusInd Bank,
RBL Bank and Axis Bank. The rise in banking shares was aided fall in yields and
recovery in rupee.
• Yes Bank share price declined 7 percent intraday on January 14 following
reports of resignation on the company's independent director.
BANK NIFTY WEEKLY
Date :18 jan 2020

3. • The FTSE 100 is a stock index representing the performance of the largest 100 companies listed on the London Stock Exchange
(LSE) by market capitalization. The FTSE 100 stock index offers traders high liquidity and a reliable picture of UK economic health.
Follow the FTSE 100 live with the chart and read our latest news and analysis. Plan your trades with the FTSE forecast, the economic
calendar and learn about relevant events to assist your fundamental analysis.
Weekly Report
FTSE
The Dow Jones Industrial Average (DJIA) tracks the performance of 30 of the biggest companies in the US and is
often used as a barometer for the overall performance of the country’s equity markets. The Dow chart is a useful
measure of US economic health. Follow the Dow Jones live with the real-time chart and view the latest Dow
forecasts, news and analysis. Key pivot points and support and resistance will help you trade the Dow Jones today
and into the future.
DOW
Date 18 January 2020

4. • Crude oil prices jumped higher today after the Energy Information Administration reported a crude oil inventory decline for
the last week of 2019.
• The draw totaled an impressive 11.5 million barrels. Analysts had expected a decline of 3.167 million barrels, after the
EIA reported a draw of 5.5 million barrels for the week to December 20. At 429.9 million barrels, U.S. crude oil inventories
are at the five-year seasonal average.
• In gasoline the EIA reported an inventory increase of 3.2 million barrels for the week to December 27, up from a 2-million-
barrel build for the previous week. Gasoline production averaged 10.2 million barrels daily during the period, compared
with 10.3 million bpd a week earlier.
• Gold prices moved higher on Friday following a softer than expected US payroll report. The dollar eased slightly as US
yields moved down. For the week gold prices increased by approximately 0.6%. This comes following a wild rise where
prices surged mid-week in the wake of the retaliation by Iran on an Iraqi military base.
• The RSI moved above the overbought trigger level of 70, pointing to accelerating positive momentum, but also a
potential correction. The fast stochastic is also accelerating higher but is short of the 80 overbought trigger level which
means there is still room for prices to climb.
Weekly Report
CRUDE OIL
GOLD
Date 11 january 2020

5. Date : 17 January 2020
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
A. TCS with a revenue miss
and margins higher could
open slightly lower on
January 20 since the
narrative is not very
pleasant.
The levels of Rs 2,300 is
likely to pose as strong
resistance while Rs 2,195
could be good support
levels for this stock. As long
as it remains below the
resistance levels, it will
remain in a sideways
category.
HCL Tech delivered strong
numbers and is currently in
an overbought zone. The
level of Rs 580 would be a
good support level for the
stock with a 10 percent
upside. In relative strength,
HCL Tech is a better bet
than its large-cap peers.
For RIL, the level of Rs
1,620 could be strong
resistance. Reliance is
currently in a consolidation
phase and a breakout
above 1,620 will bring
about the fresh rally of
about 5 percent otherwise it
will continue to remain
sideways.
As a sit-in against the
Citizenship (Amendment)
Act (CAA) continued in
Badwali Chowki area here
for the third day on Friday,
two policemen including a
senior officer were
shunted out following an
alleged baton charge on
protesters the day before.
Additional Superintendent
of Police Guruprasad
Parasher was "line-
attached" (transferred) to
the police headquarters,
Bhopal, an official source
said. Data from the
National Crime Records
Bureau (NCRB) reveal
that in terms of value, Rs
2,000 banknotes
comprised 56 percent of
all fake currency seized
across India since
demonetisation. Here’s a
look at the states where
the most Rs 2,000 fake
notes were confiscated
since November 2016
until December 2018.
(Image: PTI)
Data from the National
Crime Records Bureau
(NCRB) reveal that in terms
of value, Rs 2,000
banknotes comprised 56
percent of all fake currency
seized across India since
demonetisation. Here’s a
look at the states where the
most Rs 2,000 fake notes
were confiscated since
November 2016 until
December 2018. (Image:
PTI)
Given the current tax
collection run rate, meeting
the fiscal deficit target
seems difficult. The market
has already factored in
slippage of 50-75 bps
Given that elections are
behind, the Budget would
focus on reforms and
means to increase demand.
The infrastructure sector
would be one of the biggest
beneficiaries.
Infrastructure and
Agriculture sector would be
in the limelight to revive
demand and boost the
gross domestic product
(GDP).
It was more than a year ago
when St. Louis Federal
Reserve bank President
James Bullard started
raising the alarm about a
U.S. bond market where
interest rates seemed to
show investors losing faith
in the economy, a risky
environment for the Fed to
carry out planned rate
increases.
As 2020 gets under way,
the closely watched
spreads between long- and
short-term Treasury
securities still don’t look
completely healthy.
But with months of market
turbulence and three rate
cuts now in the rear view
mirror, Bullard says he is
ready to stand down, leave
policy on hold for up to a
year, and see what
transpires.

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