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30.07.2018
NIFTY
0.40
NIFTY OI 73184550 122019825
0.23
NIFTY VOLUME 428260 557111
NET PURCHASE/
DATE GROSS PURCHASE GROSS SALES
SALES
ICICI BANK
293.20 265.80 27.40 10.31%
INDIABULLS
HOUSING 1315.85 1196.95 118.90 9.93%
BAJAJ AUTO
2686.75 2839.60 -152.85 -5.38%
HERO
MOTOCORP 3203.95 3376.95 -173.00 -5.12%
YES BANK
370.00 386.50 -16.50 -4.27%
HCL TECH.
963.45 999.20 -35.75 -3.58%
[TECHNICAL ANALYSIS]
Nifty closed the week on positive note gaining around 2.40%.
As we have mentioned last week, that resistance for the index lies in the zone of 11100 to 11200 where the
index has formed a top in the month of January-2018. If the index manages to close above these levels then
the index can move to the levels of 11400 to 11500. During the week the index manages to hit a high of
11283 and close the week around the levels of 11278.
Support for the index lies in the zone of 11100 to 11200 from where the index broke out of earlier high. If
the index manages to close below these levels then the index can drift to the levels of 10900 to 11000 from
where the index broke out of double top and triangle pattern.
The index is trading at all time high so virtually no resistance exists. Resistance for the index lies around
10400 to 10500 where target of triangle break out pattern lies. If the index manages to close above these
levels then the index can move to the levels of 10700 to 10800.
Broad range for the week is seen from 11000 on downside & 11500 on upside.
Resistance and Support (daily)
• Resistance 1 - 11280 Support 1 - 11171
• Resistance 2 - 11340 Support 2 - 10970
• Resistance 3 - 11557 Support 3 - 10785
BIRLA CORPORATION LTD
[TECHNICAL ANALYSIS]
The Birla Corporation stock during the current week has registered a resolute breakout above the last two
month’s consolidation range of | 768-671.The stock, in the process, also registered a breakout above the falling
trend line joining high of April 809 and June 768, thus offering a fresh entry opportunity to ride the next up move
in the stock.The share price of Birla Corporation has undergone a healthy base formation around 670-700 region
in the last four months after sharp decline in first three months of CY18 signaling reversal of the corrective
trend.Time wise, the stock has witnessed a faster retracement of the last falling segment as the stock has
completely retraced its previous 14 session decline from 768 to 671 in just seven sessions signaling positive
price structure
Buying Birla Corporation around 780 -785 for the upside target of Rs 810 and 845 keep a stop loss placed at Rs
749.
Stock resistance and Support (daily)
Resistance 1 - 805Support 1 - 745
Resistance 2 - 869 Support 2 - 693
Resistance 3 - 985Support 3 - 660
[FUNDAMENTALS ANALYSIS]
Birla Corporation Limited, Flagship Company of M P Birla Group, would gradually raise cement
manufacturing capacity to 20 mtpa over the next two to three years, a company official said. Presently, the
total manufacturing capacity after the acquisition of Reliance Cement is 12.5 tithe company was having land
in some locations but declined to divulge the names of the places. The cost of setting up one mt plant at
present was Rs 800 crore without land.
COLGATE PALMOLIVE LTD
[TECHNICAL ANALYSIS]
Colgate Palmolive ltd (COLPAL )closed the week on negative note losing around 2.00%.the stock support for the
stock of 1060 to 1080 where long term moving averages and Fibonacci levels. During the week the stock
manages to hit a low of 1068 and close the week around the levels of 1102.Resistance for the stock lies around
1140 to 1160 from where the stock has broken down and medium term moving averages are lying. If the stock
manages to close above these levels then the stock can move to the levels of 1180 to 1190 where high for the
month of July-2018 and short term moving averages.
The Colgate Palmolive (COLPAL) stock bought in future the range of 1070-1080 for targets of 1110-1145,
keeping a stop loss below 1035.
Stock resistance and Support (weekly)
Any move to block the strait would virtually halt oil shipments through Egypt's Suez
Canal and the SUMED crude pipeline linking the Red Sea and the Mediterranean. An
estimated 4.8 million barrels per day (bpd) of crude oil and refined products flowed
through the Bab al-Mandeb strait in 2016 towards Europe, the United States and
Asia, according to the US Energy Information Administration. A breakthrough in US-
EU trade talks also lent support to oil prices.US President Donald Trump and Jean-
Claude Juncker, president of the European Commission, reached a surprise
agreement on Wednesday that alleviated the risk of an immediate trade war.
Russian energy minister Alexander Novak said on Friday the market remained
volatile and responded to verbal interventions, adding that the market had priced in
risks related to US sanctions against Iran. He said the Organization of the Petroleum
Exporting Countries and its allies were not discussing an option to boost production
by more than 1 million bpd.OPEC and other producers led by Russia agreed last
month to ease production curbs. The deal effectively increases combined output by 1
million bpd, with Russia's share at 200,000 bpd. He market also found support from a
big draw in US crude and gasoline stocks last week.
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