Nifty ended the week marginally up at 8831.55 . Nifty looked week throughout the week on daily charts giving up all the gains of Thursday’s gap up opening. Week was dominated by bears as profit booking dragged the index closer to previ- ous week’s closing.

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Equity WEEKLY REPORT
26-SEP-2016

2. GLOBAL MARKET WEEKLY
INDICES CLOSE CHANGE (%)
DOW JONES 18261.45 0.75
NASDAQ 5305.75 1.16
CAC 40 4488.69 3.60
DAX 10626.97 3.41
FTSE 100 6909.43 2.88
NIKKEI 16754.02 1.42
HANG SENG 23686.48 1.50
SHANGHAI COM. 3033.79 1.03
NIFTY WEEKLY TOP GAINERS
SCRIPT CLOSE CHANGE (%)
HINDALCO 154.45 8.27
EICHER MOTORS 24853.20 7.43
AURO PHARMA 841.15 7.13
BHARTI INFRATEL 370.65 5.43
YES BANK 1233.15 5.42
NIFTY WEEKLY TOP LOSERS
SCRIPT CLOSE CHANGE (%)
AXIS BANK 557.45 -7.43
LUPIN 1489.45 -3.12
IDEA CELLULAR 82.50 -3.11
ITC 253.45 -2.65
TECH MAHINDRA 454.60 -2.30
INDIAN MARKET WEEKLY OUTLOOK
INDIAN INDICES WEEKLY
INDICES CLOSE CHANGE (%)
NIFTY 8831.55 0.58
SENSEX 30 28668.22 0.24
NIFTY 500 7554.90 0.90
NIFTY BANK 19901.80 0.23
NIFTY IT 10391.05 -0.07
NIFTY MIDCAP 15672.90 2.19
NIFTY SMALL CAP 6336.65 1.54
INDIAN SECTORIAL INDICES WEEKLY
INDICES CLOSE CHANGE (%)
NIFTY PHARMA 11798.65 0.62
NIFTY AUTO 10224.95 1.05
NIFTY METAL 2542.00 3.71
NIFTY FMCG 22315.75 -1.96
NIFTY ENERGY 9886.05 2.5
NIFTY INFRA 2902.65 1.32
NIFTY FIN. SER. 8216.65 0.63
NIFTY SER. SEC.. 11160.60 0.45
NIFTY MEDIA 2931.25 0.99
NIFTY REALTY 210.55 2.43
COMMODITY AND CURRENCY WEEKLY
INDICES CLOSE CHANGE (%)
GOLD COMEX 1341.55 2.15
GOLD INDIAN 31306 1.63
SILVER COMEX 19.760 4.85
SILVER INDIAN 46800 3.42
WTI CRUDE NY. 44.62 3.21
CRUDE INDIAN 2978 3.25
USD-INR 66.65 -0.49
EUR-INR 74.91 -0.53
GBP-INR 86.38 -2.04
JPY-INR 66.04 1.38

3. NIFTY WEEKLY OUTLOOK
Nifty ended the week marginally up at 8831.55 .
Nifty looked week throughout the week on daily
charts giving up all the gains of Thursday’s gap
up opening. Week was dominated by bears as
profit booking dragged the index closer to previ-
ous week’s closing.
Hovering in the range of 8900 and 8750 levels,
strong support lies in the range of 8750 to 8690
levels. The resistance can be seen around 8900-
9000 levels. Broad range for Nifty in upcoming
week is seen between levels of 8950 and 8690.
NIFTY WEEKLY
INDEX CLOSE CHANGE CHG.(%)
NIFTY 8831.55 51.7 0.58
Nifty Bank ended the week on cautious note
closing marginally higher at 19901.80. On week-
ly chart the index has closed the week forming a
doji pattern, followed by a doji of previous week
in the same range. Two doji candles near to the
top of the uptrend symbolizes the strength of
bears.
Upside levels can be seen up to levels of 20350 to
20500 if global trend supports. Crucial support
lies between 19750-19700. Below this index can
drift to 19500-19100. Broad range for the Nifty
Bank in the upcoming week is 20350 to 19500.
NIFTY BANK WEEKLY
INDEX CLOSE CHANGE CHG.(%)
NIFTY BANK 19901.80 46.35 0.23
NIFTY BANK WEEKLY OUTLOOK

4. WEEKLY STOCK CASH RECOMMENDATION
WEEKLY STOCK RECOMMENDATION
WEEKLY STOCK FUTURE RECOMMENDATION
Prestige Estates Project Ltd is moving
in strong up trend forming higher bot-
tom and higher tops on weekly chart.
The stock is trading above 20 day mov-
ing average supported by strong RSI
indication.
Buy Prestige Estates near 215 keeping
first target around 225 and second tar-
get around 240 maintaining stop loss of
Rs.205.
PRESTIGE ESTATES PROJECT LTD
ENTRY TARGET STOPLOSS
215 225 205
SRF Future (29-SEP-16) has shown strong
bullishness with maximum rise in open in-
terest and high volume on NSE. Futures
touched the life time highs and the up streak
from RSI indicates the potential to ascend
more, supported by strong fundamentals.
Buy SRF Future above 1790 keeping first
target around 1820 and second target
around 1845, maintaining a stop loss below
1775.
SRF(FUTURE)
ENTRY TARGET STOPLOSS
1790 1845 1775

5. STOCK IN NEWS
AXIS BANK
Shares of Axis Bank on Friday fell 5.8%, the
steepest fall in 11 months, after news reports
indicated that the government may start sell-
ing some of its stake in the lender.
At the end of the June quarter, the govern-
ment owned 11.51% in Axis via the Specified
Undertaking of Unit Trust of India, or
SUUTI. The government is currently hiring
merchant bankers for divesting stakes held
under SUUTI.
WELSPUN INDIA
Welspun India Ltd., (WIL), part of the US$
2.3 billion Welspun Group is thrilled to an-
nounce that it has secured the “Interactive
Textile Article and Augmented Reality Sys-
tem” patent, which protects Welspun’s new
product line TILT. The patent covers a sys-
tem that has textile material with a design
motif and an augmented reality software ap-
plication. The software application is de-
signed to allow a user to scan the design mo-
tif on the textile material, and enter an aug-
mented reality portal that is thematically re-
lated to the design motif. .
WEBSOL ENERGY SYSTEM
Websol Energy System hit 20% upper cir-
cuit after the company announced that the
Reserve Bank of India (RBI) approved the
restructuring of outstanding foreign curren-
cy convertible bonds (FCCBs) subject to cer-
tain conditions. .
GAYATRI PROJECTS
Hyderabad-based Gayatri Projects limited
has bagged Rs 1,255
crore highway contract in joint venture with
Russian construction company PTPS for engi-
neering, procurement and constriction (EPC)
basis from the National Highway Authority of
India.
INFRA SECTOR
Sebi on Friday reduced the required manda-
tory sponsor holding in InvITs to 15 per cent
and also allowed InvITs to invest in a two-
level special purpose vehicle (SPV) through
holding companies. Sebi has also removed the
limit on the number of sponsors of InvITs, al-
lowing consortiums of multiple developers and
investors which hold investments
in infrastructure projects to explore the-
InvIT option. With this infrastruc-
ture companies can expect to unlock greater
liquidity and a simplified structure.
MOREPEN LABORATORIES
The company is in talks with Ajay Piramal
Group to sell its OTC (over-the-counter) busi-
ness of market leading brands such as Burnol
as it plans to monetize some of its mainstream
brands when larger rivals look to expand their
consumer product portfolio .
BHARAT FINANCIAL
Shares of Bharat Financial Inclusion, rallied
5.6 percent intraday after the company
launched its (QIP) offer worth Rs 750 crore.

6. NIFTY STOCKS WEEKLY PIVOT TABLE
Last week price Resistance Zone
Pivot
Point
Support Zone
Stock Name
Week
Close
Res-3 Res-2 Res-1 Sup-1 Sup-2 Sup-3
NIFTY 8831.6 9033.6 8963.5 8897.5 8827.4 8761.5 8691.4 8625.4
BANKNIFTY 19901.8 20709.3 20487 20194.4 19972.2 19679.6 19457.3 19164.7
SENSEX 28668.2 29282.2 29077.1 28872.7 28667.5 28463.1 28257.9 28053.5
ACC 1613.3 1714.6 1693.3 1653.3 1632 1592 1570.7 1530.7
AMBUJACEM 258.2 276.8 273 265.6 261.9 254.5 250.7 243.3
ASIANPAINT 1192 1257.6 1230.5 1211.3 1184.2 1165 1137.9 1118.7
AXISBANK 556.5 650 631 593.7 574.7 537.4 518.4 481.1
BAJAJ-AUTO 2928 3163.1 3087.7 3007.9 2932.5 2852.6 2777.2 2697.4
BANKBARODA 169.1 181.5 177 173 168.5 164.5 160 156
BHARTIARTL 326.9 344.3 337.2 332 324.9 319.7 312.6 307.4
BHEL 146.1 157.2 153.9 150 146.8 142.9 139.6 135.7
BPCL 603.2 642.6 625.4 614.3 597.1 586 568.8 557.7
CAIRN 196.7 212.9 206.3 201.5 194.9 190.1 183.5 178.7
CIPLA 611.1 646 631.9 621.5 607.4 596.9 582.8 572.4
COALINDIA 329 338.5 336 332.5 330 326.5 324 320.5
DRREDDY 3180 3273.3 3236.7 3208.3 3171.7 3143.3 3106.7 3078.3
GAIL 386 399.2 396.6 391.3 388.7 383.4 380.8 375.5
GRASIM 4896.3 5134.2 5055.1 4975.7 4896.6 4817.2 4738.1 4658.7
HCLTECH 795 827.5 815.7 805.4 793.6 783.3 771.5 761.2
HDFC 1424 1485 1456.1 1440.1 1411.2 1395.1 1366.2 1350.2
HDFCBANK 1312 1354.9 1336.7 1324.3 1306.1 1293.8 1275.6 1263.2
HEROMOTOCO 3519.4 3818.6 3717.7 3618.5 3517.6 3418.4 3317.5 3218.3
HINDALCO 154.3 175.4 166.1 160.2 151 145.1 135.8 129.9
HINDUNILVR 910 930.2 922.4 916.2 908.4 902.2 894.4 888.2
ICICIBANK 271.2 288 283 277.1 272 266.1 261.1 255.2
IDEA 82.2 88.2 86.9 84.6 83.3 81 79.7 77.4
IDFC 61.5 66.3 64.5 63 61.2 59.7 57.9 56.4
INDUSINDBK 1213 1306.4 1268.5 1240.8 1202.9 1175.2 1137.3 1109.6
INFY 1041 1088.8 1078.9 1059.9 1050 1031 1021.1 1002.1
ITC 253.1 270.7 266.6 259.9 255.8 249.1 245 238.3
KOTAKBANK 793.1 833.5 822.9 808 797.3 782.4 771.8 756.9
LT 1491.4 1567.6 1541.8 1516.6 1490.8 1465.6 1439.8 1414.6
LUPIN 1487.1 1615.7 1588.8 1537.9 1511 1460.1 1433.2 1382.3
M&M 1411.8 1455.4 1442.5 1427.1 1414.2 1398.8 1385.9 1370.5

7. NIFTY STOCKS WEEKLY PIVOT TABLE
SCRIP RECOM ENTRY TGT-1 TGT-2 STOPLOSS STATUS
IL&FS ENGINEERING BUY 58 65 74 47 1st TARGET
ENGINEERS INDIA BUY 269 275 291 255 1st TARGET
BHEL BUY 136 142 151 130 2nd TARGET
MOIL BUY 271 289 306 253 OPEN POSITION
CHOLAMANDALAM BUY 1104 1150 1205 1050 OPEN POSITION
SBIN BUY 255 274 292 235 OPEN POSITION
IBULHSGFIN BUY 825 850 880 800 STOPLOSS
VEDANTA LTD BUY 172 185 198 160 OPEN POSITION
BANK OF BARODA BUY 165 178 185 150 1st TARGET
YES BANK BUY 1390 1450 1510 1340 1st TARGET
RBL BANK BUY 300 320 340 280 OPEN POSITION
RELIANCE INFRA BUY 610 640 695 570 1st TARGET
OUR MONTHLY RECOMMENDATIONS
Last week price Resistance Zone
Pivot
Point
Support Zone
Stock Name
Week
Close
Res-3 Res-2 Res-1 Sup-1 Sup-2 Sup-3
MARUTI 5611 5848 5741.1 5676 5569.1 5504 5397.1 5332
NMDC 105.3 112 109.4 107.3 104.7 102.7 100.1 98
NTPC 157 164.2 161.1 159.1 156 153.9 150.8 148.8
ONGC 259.8 278.4 270.9 265.3 257.8 252.3 244.8 239.2
PNB 139.1 148.8 145.3 142.2 138.7 135.6 132.1 129
POWERGRID 176 185.5 182.9 179.5 176.9 173.4 170.8 167.4
RELIANCE 1101.6 1158.2 1133.8 1117.7 1093.4 1077.3 1052.9 1036.8
SBIN 254.3 266.6 262.7 258.5 254.6 250.3 246.4 242.2
SUNPHARMA 778 801.5 796.1 787.1 781.7 772.7 767.3 758.3
TATAMOTORS 554.5 582.6 572.8 563.6 553.8 544.7 534.9 525.7
TATAPOWER 75.7 80.8 79.1 77.4 75.7 74 72.3 70.6
TATASTEEL 371.9 407.2 393.5 382.7 369 358.2 344.5 333.7
TCS 2400 2513.3 2470.7 2435.3 2392.7 2357.3 2314.7 2279.3
TECHM 454 490 482.4 468.2 460.5 446.3 438.7 424.5
ULTRACEMCO 3962.8 4169 4099.5 4031.2 3961.7 3893.3 3823.8 3755.5
VEDANTA 169.9 185.5 178.9 174.4 167.8 163.3 156.7 152.2
WIPRO 480.5 494.1 489.6 485.1 480.6 476.1 471.6 467.1
YESBANK 1231.6 1378.3 1318.7 1275.1 1215.5 1171.9 1112.3 1068.7
ZEEL 525.1 550.5 542.8 533.9 526.2 517.3 509.6 500.7

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