WEEKLY EQUITY REPORT

25-11-2019 TO 29-11-2019

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Keep an Eye on Changing Market Place…WEEKLY INDICES

INDEX CURRENT PREVIOUS CHANGE

NIFTY BANK 31,111.60 31,349.95 -0.76

NIFTY AUTO 8,034.95 8,004.65 0.38

NIFTY FIN SERVICE 13,952.10 14,019.20 -0.48

NIFTY FMCG 30,809.55 30,893.55 -0.27

NIFTY IT 14,995.90 15,293.95 -1.95

NIFTY MEDIA 1,978.55 1,939.15 2.03

NIFTY METAL 2,521.15 2,470.45 2.05

NIFTY PHARMA 8,067.20 8,068.95 -0.02

NIFTY PSU BANK 2,559.65 2,564.65 -0.19

NIFTY PVT BANK 17,142.65 17,255.80 -0.66

NIFTY REALTY 275.85 275.45 0.15

GLOBAL INDICES CHANGES

Name Current Value Change

Nasdaq 8506.21 0.24%

CAC 5893.36 0.21%

FTSE 7307.29 0.94%

Nikkei 225 23112.88 0.32%

Hang Seng 26595.08 0.48%

Top Stories This Week

Name Current Value Change

IDEA 6.55 79.45%

UCOBANK 19.05 43.23%

NETWORK18 31.20 32.48%

CORPBANK 23.35 26.90%

RCOM 0.75 25%

NameCurrent Value Change

GAYATRIPROJ 62.60 36.25%

RELCAP 16.30 22.57%

RELINFRA 29.80 22.40%

RHFL 4.10 20.39%

IBULISL 63.20 18.29%

TOP GAINER WEEKLY

TOP LOSER WEEKLY

RBI sets up three-member advisory committee to assist DHFL administrator

Bharti Airtel, Vodafone Idea file review petition in SC on AGR verdict

India's solar power installations increase by 36% yoy at 2,170 Mw in Q3

Appliances & consumer electronic mkt to double to Rs 1.5 trn by FY25: CEAMA

Zee Entertainment extends gain after promoter's stake sale

RITES slips 3% as govt's stake sale via offer for sale opens today

Govt awaits Labour ministry's verdict on modifying consumer price indices

CRISIL downgraded long-term bank ratings for BHEL from 'AA+' to 'AA‘

Kumar Mangalam Birla loses $3 bn as Voda-Idea's mounting debt takes toll

IT stocks tumble; Nifty IT index falls over 2%, Infosys plunges 4%

Investments via P-notes rise to Rs 76,773 cr in Oct after 4-month decline

S2 S Nity R R2 R3

MA20 MA50 MA10 MA200

NIFTY CORNER

NIFTY ANALYSISN IFTY 50 Index closed the week on positive note loosing 13point.Weekly High: 12038Weekly Low: 11866Weekly Close: 11913Technically on the daily charts we see minor support on the downside for nifty 50 index lies at 11600-12100 levels, where as minor resistance on the upside is capped around 1200-12200 levels. Intense buying intensified in Nifty50 on Friday, as the index back above its crucial level at 11,800 . It is more prone to drift towards the 12150 range in the coming sessions. Any gain towards the 12200 level, meanwhile, is likely to be sold into, On a daily basis, It has broken strong level zone and moving toward zone 12000.If nifty 50 index breaches minor support on the downside and closes below it we may see fresh break down and index can drag index towards major support on lower side around 11600 and if breaches minor resistance on the upside and closes above it we may see fresh breakout and index can head towards higher levels around 12000-12200Currently nifty 50 index is trading above 200 days exponential moving average and suggests long term trend is bullish. We analyst predicts range for the week is seen from 11600-12150 on upside and 11200-11300 on downside. https://www.finetechresearch.com/

MARKET COMMENTARYWEEK AHEAD

BANKNIFTY ANALYSIS

BANK NIFTY Index closed onpositive note gaining 311Weekly High: 31444Weekly Low: 30900Weekly Close: 31125

Bank Nifty opened negative note instarting of week earnings andremained bullish for the week andgained 311 points on weekly closingbasis .Bank nifty has gained momentumand nifty bank has turned bullishand we expect further bullish.

If Nifty bank index breaches minorsupport on the downside and closesbelow it we may see fresh breakdown and index can drag indextowards major support on lower sidearound 30500 and if breaches minorresistance on the upside and closesabove it we may see fresh breakoutand index can head towards higherlevels around 32000.Currently Nifty bank index istrading above 200 days exponentialmoving average and suggests longterm trend is bullish. We predictsrange for the week is seen from31500-32800 on upside and 29500-30500 on downside.

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WEEKLYCALLS

ICICIGI CASHThe primary trend of ICICIGI is bullish and trading on higher high and making newhigh .It has been trading in a continuously bullish phase We have analyzed its halfyearly chart which trend is clearly intact. As of now it has got breakout fromconsolidation zone 1220-1265. We recommend to Buy above 1499 with TGT of 1650and keep stoploss below 1280.

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RALLISINDIA CASHOn the daily chart, the stock is moving upside from immediate support of 580 onweekly chart . It is trading on 52 week high, since Oct 2018 and high 192.60. The stockis continue in uptrend and forming bullish candle. It has given breakout around 165 .We expect it to hit 260 .It is approaching new high .We recommend to buy the stockabove 191 for the upside target of 230 with stop loss below 168 level.

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POLYCAB CASHThe primary trend of the stock has started up at present from MINOR support on weeklychart, It has shown breakout upside with decent volumes . Previously it was trading in achannel and breakout has been given around 683 .It is also trading above 52 week high. ifit is broken then it may move till 1100 and found support around KELTER CHANNELS to getback level of 1100 next month . We recommend buy the stock above 951 for the upsidelevel of 1083 in the short term with stop loss below 899 levels.

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ADANIGREEN CASHOn the daily chart, the stock is moving upside from immediate support of 42 on weeklychart . It is trading on lifetime high since its inception this year and high 79.35. Thestock is continue in uptrend and forming bullish candle. It has given breakout around 55. We expect it to hit 123 .It is approaching new high .We recommend to buy the stockabove 106.50 for the upside target of 118 with stop loss below 95 level.

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EDELWEISS CASHThe primary trend of EDELWEISS is bearish but it has bounce back from level of 80 .trading above 100 days mvg avg. having weekly support. It has been taking supportaround 80. since SEP 2016, and bounced back again and again from same level .Thestock has formed DOJI, We have noticed that it has got breakout on ICHIMOKU ANDDONCHAIN indicator and which indicate further buying. So for next coming week weadvice it to buy from 135 with target of 150 and keep stop loss below 122.

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