Weekly Market Insights

29 th May 02n June 2017

Market Snippet `4321 Indian Markets

Market hits fresh record high; Nifty closed above INDEX VALUE CHANGE %CHANG
9550 mark. E
Bharat Forge raises stake in KEIPL to 8.4 percent NIFTY 9585.45 +157.55 +1.64%
from 5 percent. SENSEX 31028.2 +563.31 +1.81%
Fortis Healthcare board approves increase in FII limit NIFTYBAN 23362 +592.40 +2.53%
K
up to 74 percent.
INDIA VIX 10.8625 -0.44 -4.05%
Mphasis Q4 net profit rises 17% to Rs 184 crore in
FY17 against Rs 156.5 crore compared on yearly
International Markets
basis.
INDEX VALUE CHANGE %CHANGE
Manappuram Finance Q4 profit up 54 percent which
DOW 21083 +278.15 +1.31%
stood at Rs 201 crore. NASDAQ 6205.26 +121.56 +1.95%
Vedanta to ramp up production to capitalise on strong FTSE 7530.2 +59.49 +0.79%
LME prices. SHANGHA 3110.16 +19.23 +0.62%
Vedanta to ramp up production to capitalise on strong I
LME prices. NIKKEI 19686.8
FII & DII Activity +96.04 +0.48%
Infosys Announces strategic alliance with HP Inc. to FII DII
Date
Accelerate Digital Transformation for the Enterprise. (in Rs. cr.) (in Rs. cr.)
Glenmark Pharma gets ANDA approval by the 22-MAY-17 -321.27 +1262.64
USFDA or Olmesartan Medoxomil Tablets.
Ashok Layland has recommended a dividend of Rs 23-MAY-17 -400.53 +352.54
1.56 per equity share of Rs 1 each for FY 17
24-MAY-17 +81.88 +197.31
Gainers
LARGECAP %CHANG MIDCAP %CHANG 25-MAY-17 +589.11 -236.44
E E
TATAMOTORS +8.51% JINDALSTEL +11.46% 26-MAY-17 -274.14 +1008.56
ITC +8.00% MINDTREE +7.58%
TATAMTRDVR +7.51% BHARATFIN +5.90%
BPCL +6.72% DCBBANK +1.20% OUR PREVIOUS CALLS UPDATE
INDUSINDBK +6.37% JUBILANT +0.69%
Calls of the week
Losers
Date Stocks Entry Exit P/L
LARGECAP %CHANG MID CAP %CHANG 22/0 TVSMOTOR(L) 537.55 548.50 +4074
E E 5
LUPIN -15.60% RCOM -15.71% 22/0 TATASTEEL 499 510 +4409
CIPLA -13.46% DISHTV -11.98% 5
SUNPHARMA -13.09% WOCKPHARMA -11.08% Weekly Pick
AUROPHARMA -10.55% ADANIPOWER -10.80% Date Stock Entry Exit P/L
DRREDDY -9.11% UNIONBANK -7.70% 22/0 +648
HDFCBANK 1574 1625
5 0

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Weekly Market View Nifty

Nifty started the weeks trading on a flat note and witnessed

a historic day as benchmark indices clocked fresh record
highs, Nifty and scaled to new life time high of 9586.50 on
sustained foreign capital inflows amid robust earnings. Nifty
gains and breached its important resistance i.e. of 9540 and
closed the weeks trading at 9575.80 which indicates more
buying momentum in coming week for now 9650 which will
act as an important resistance for Nifty However a close
below the support of 9530 may drag down the index to test
the support level of 9470.

Support & Resistance

Close S1 S2 Crucia R1 R2
l
9575.7 9470 9340 9650 9650 9750
Weekly
5 Nifty Bank View

Nifty Bank started the weak on positive note as well as

gains for the fifth straight week and closed at life time high Nifty Bank
of 23256.95. Nifty bank looks bullish on weekly and daily
chart on close above the level of 23238 which further looks
strong for buy side while on lower side 23000 may trigger
selling in the banking index up to the next support level of
22460.

Support & Resistance

Close S1 S2 Crucia R1 R2
l
23256.95 23000 22460 23500 23500
23800
Global Markets Update
World market traded in green after US federal reserve
meeting minute which show that fed may use the system
where cap limits are implementation and the meeting of
OPEC nation they are agree to extend output cut for
upcoming nice month .European share struggled for new high
with investor are searching fresh opportunity this help for new
high and Asian market are traded with mixed trend after the
Janans Consumer price index met all time high by 0.4% YOY.

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 Calls of the week (Premium Section)

UPL EQ gains and closed near to the resistance level on daily chart. If it surpasses the mentioned level then
some positive momentum is expected in the stock.

BUY ABOVE 845.80 TARGETS 863/880 SL 824.

GAIL EQ is heading towards its immediate trend line resistance which indicates more buying from above
mentioned level.

BUY ABOVE 404 TARGETS 412/420.30 SL 393.

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 Weekly Pick (Premium Section)

IBULHSGFIN EQ gains and closed around its immediate resistance which can be seen in above daily charts if
positive momentum is gained by the stock then it may reach to new highs in coming sessions.

BUY ABOVE 1095 TARGETS 1128/1162 SL 1056.

CIPLA EQ has been constantly rising since last three sessions and closed strongly around the immediate resistance
levels. If it holds above this mark then further up move can be seen.

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 Weekly Pick (Premium Section)

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