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Weekly Market Insights

17th April 21th April 2017

Market Snippet `4321 Indian Markets


Nifty snaps two weeks of winning streak; Bank Nifty INDEX VALUE CHANGE %CHANG
hits fresh high. E
Infosys missed analyst expectations as Q4 profit dips NIFTY 9150.80 -47.5 -0.52%
2.8 percent at Rs 3603 crore. SENSEX 29461.5 -245.15 -0.83%
Indian Oil joins Rs 2-lakh crore m-cap club; stock hits NIFTYBAN 21686.6 +255.4 +1.18%
K
fresh high.
INDIA VIX 11.5775 -0.115 -0.99%
JSW Steel shares decline as company has raised
$500 million through an issue of fixed rated senior
International Markets
unsecured notes.
INDEX VALUE CHANGE %CHANGE
Essar Shipping gains as reports strong operational
DOW 20591.9 -71.14 -0.35%
performance. NASDAQ 5836.16 -42.79 -0.73%
Heritage Foods gains as company has completed FTSE 7302.23 -11.26 -0.15%
acquisition of dairy business of Reliance Retail. SHANGHA 3276.07 -10.95 -0.33%
Reliance Communications dips after Deutsche Bank I
has downgraded the companys shares to Sell from NIKKEI 18426.8
FII & DII Activity -237.76 -1.29%
Hold. FII DII
Date
Berger Paints India and Chugoku Marine Paints of (in Rs. cr.) (in Rs. cr.)
Japan have entered into a Memorandum of 10-April-17 -716.19 +201.69
Understanding.
HDFC Bank announced that board meeting on April 11-April-17 -750.52 +826.66
21 to raise Rs 50,000 crore by issuing perpetual debt
instruments. 12-April-17 -580.70 +701.12
Gainers
LARGECAP %CHANG MIDCAP %CHANG 13-April-17 -407.88 +65.43
E E
BPCL 13.14% ENGINERSIN 4.68% 14-April-17 - -
IOC 9.50% APOLLOTYRE 4.46%
INFRATEL 4.69% SRF 2.77%
YESBANK 3.30% IDFC 2.47% OUR PREVIOUS CALLS UPDATE
EICHER 1.91% BATAINDIA 1.30%
Calls of the week
Losers
Date Stocks Entry Exit P/L
LARGECAP %CHANG MID CAP %CHANG 07/0 BAJAJ-AUTO(L) 2853 2865.5 +876
E E 4
ADANIPORTS -10.15% RCOMM -10.96% 07/0 ASIANPAINT(L) 1098.5 1098.5 UNEX
TATASTEEL -7.59% GMRINFRA -5.17% 4
INFY -6.82% JSWENERGY -4.29% Weekly Pick
ZEEL -5.76% IRB -4.19% Date Stock Entry Exit P/L
HINDALCO -5.52% PCJEWELLER -4.18% 07/0 +186
INDUSINDBK(L) 1431 1444.3
4 6

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Weekly Market View Nifty

Nifty traded lower after making new life time high on charts
witnessing profit booking amid weak global cues and
disappointing macroeconomic data as IIP declined by 1% in
February and retail inflation rose marginally to 3.81%.Nifty
ended the week to close at 9182.25.It looks bullish on close
above the level of 9295 on daily chart for the buying target
of 9380 however it closes below the support level of 9100
and may witness selling pressure up to the next support of
9000.nifty may remain volatile in the coming corporate
earning session.
Support & Resistance

Close S1 S2 Crucia R1 R2
l
9182.2 9035 8850 9295 9295 9450
5
Weekly Nifty Bank View

Nifty Bank traded bullish and remained in buy mode for Nifty Bank
most of the trading session of the week scoring new 52
week high of 21813.05 on charts and witnessed some
profit booking after. Nifty bank ennead the week to close at
21733 forming bullish engulfing pattern formation on
weekly chart.It looks bullish on close above the level of
21813 for the next buying target of 22200.

Support & Resistance

Close S1 S2 Crucia R1 R2
l
21733.0 21235 20800 21813 21813
Global
22200 Markets Update
World Markets traded lower in the last week of trading as
geopolitical concerns grew after the United States launched
MOAB on Islamic State tunnel target in Afghanistan. This only
added to the geopolitical jitters that have kept stocks in check
this week. DJIA closed at its session low, down 138.6 points
at 20,453.25.German index DAX also gave weeks closing
lower at 12109 with Nikkei and Shanghai composite closing
the session in red at 18426.84 and 3261.64 respectively.

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Calls of the week (Premium Section)

CEAT LTD EQ had been hovering around its all time highs and the stock is expected to give positive breakout
and may test new highs.

BUY ABOVE 1472 TARGETS 1505/1540 SL 1425.

DISHMAN EQ had been running at higher levels since last few weeks after it gave the bullish breakouts on
weekly charts. If the stock surpasses the immediate resistance then more bulls can occur.

BUY ABOVE 344 TARGETS 352/360 SL 332.

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Weekly Pick (Premium Section)

TVSMOTOR EQ last week traded near highs and the overall strong trend of the stock indicates positive breakouts
from the given levels.

BUY ABOVE 477.50 TARGETS 492/507 SL 458.

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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