WEEKLY EQUITY REPORT

29-04-2019 TO 03-05-2019

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Keep an Eye on Changing Market Place…WEEKLY INDICES

INDEX CURRENT PREVIOUS CHANGE

NIFTY BANK 30,013.50 29,561.35 1.53

NIFTY AUTO 8,493.80 8,587.90 -1.1

NIFTY FIN SERVICE 12,506.10 12,344.70 1.31

NIFTY FMCG 30,440.75 30,371.30 0.23

NIFTY IT 16,504.45 16,352.75 0.93

NIFTY MEDIA 2,375.25 2,379.55 -0.18

NIFTY METAL 3,046.65 2,991.10 1.86

NIFTY PHARMA 9,461.70 9,442.55 0.2

NIFTY PSU BANK 3,162.00 3,119.90 1.35

NIFTY PVT BANK 17,062.00 16,817.15 1.46

NIFTY REALTY 264.4 265.7 -0.49

GLOBAL INDICES CHANGES

Name Current Value Change

Nasdaq 8118.68 0.21%

CAC 5567.26 0.15%

FTSE 7420.82 0.19%

Nikkei 225 22258.73 0.22%

Hang Seng 29605.01 0.19%

Top Stories This Week

Name Current Value Change

MAHABANK 19.20 21.14%

IBREALSTATE 125.45 20.68%

KPRMILL 643.05 11.92%

GHCL 257.75 9.66%

GRUH 313.75 9.66%

NameCurrent Value Change

RCOM 1.9 20.83%

HEG 1707.95 15.30%

PCJWELLER 123.95 14.61%

BHARTIINFRATEL 272.90 11.71%

DEEPAKFERT 141.35 11.07%

TOP GAINER WEEKLY

TOP LOSER WEEKLY

GHCL surged 10 per cent to Rs 265 in early morning trade on the BSE on the back of heavy volumes after the company reported a healthy 44 per cent year-on-year (YoY) growth in net profit at Rs 119 crore in the March quarter (Q4FY19).

HDFC Mutual Fund reports 61% rise in Q4 profit at Rs 276 crore

Oil prices tumble as Donald Trump dials Opec to lower gasoline prices

YES Bank posts first-ever quarterly loss of Rs 1,507 cron IL&FS, Jet loans

Disclosing annual inspection reports may drag RBI, banks to court

Oil can hit $100; poses biggest risk to Indian equities: CLSA.

Tether cover-up allegations: Cryptocurrencies lose $10 bn, Bitcoin falls 6%

Reliance Mutual Fund plans to hit the market with a new fund offering

Lamborghini expects to grow 50% this year in Indian market: Sharad Agarwal

Hero MotoCorp Q4 net profit tanks 24% to Rs 730 crore on weak sales

S2 S Nity R R2 R3

MA20 MA50 MA10 MA200

NIFTY CORNER

NIFTY ANALYSIS

NIFTY 50 Index closed the week onpositive to flat note gaining +30.20Points -0.19%Weekly High: 11827.90Weekly Low: 11573.50Weekly Close: 11808.70Nifty index currently has strongsupport zone around 11500- 11550 andwe would see tough fight betweenbulls and bears this week, ahead ofgeneral election we may seeconsolidation in range of 11300-11800,Technically on the daily charts we seeminor support on the downside fornifty 50 index lies at 11500- 11550levels, whereas minor resistance onthe upside is capped around 11750-11800 levels.If nifty 50 index breachesminor support on the downside andcloses below it we may see fresh breakdown and index can drag indextowards major support on lower sidearound 11000- 11300 and if breachesminor resistance on the upside andcloses above it we may see freshbreakout and index can head towardshigher levels around 12000- 12100Currently nifty 50 index is tradingabove 200 days exponential movingaverage and suggests long term trendis bullish.We predicts range for theweek is seen from 12000-12100 onupside and 11000-11300 ondownside.We predicts range for theweek is seen from 12000-12100 onupside and 11000-11300 ondownside.

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MARKET COMMENTARYWEEK AHEAD

BANKNIFTY ANALYSIS

BANK NIFTY Index closed the weekon negative note -88.45 Points -0.23%.Weekly High: 30244.90Weekly Low: 26426.60Weekly Close: 30177.90Nifty bank trading around strongresistance levels of 30110-30200 thisweek we may see some buying in niftybank index if closes above 30200 levels.Technically if Nifty bank indexbreaches minor support on thedownside and closes below it we maysee fresh break down and index candrag index towards major support onlower side around 29500- 29300 and ifbreaches minor resistance on theupside and closes above it we may seefresh breakout and index can headtowards higher levels around 30300-30500Currently Nifty bank index is tradingabove 200 days exponential movingaverage and suggests long term trend isbullish.We predicts range for the week isseen from 30300-30500 on upsideand 29500-29300on downside.

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SHANKARA CASHOn the daily chart, the stock is moving upside from immediate support of 305 onmonthly chart . It is also taken support around 100 mvg avg . the stock is continue inan uptrend move last couple of days It may tend to move further for upside if stocksustain above 550 level it will hit 650. we recommend to buy the stock above 530 forthe upside target of 580 with stop loss below 510 level.

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MEGH CASHThe primary trend of the stock has started up at present from support, It will showbreakout upside with decent volumes. And it has also found breakout on weekly chart andformed candlestick pattern (DOJI)on montjly chart which itself predict reversal. In 2019 itmay hit 150level. we recommend buy the stock above 68.50 for the upside level of 80 inthe short term with stop loss below 60 levels.

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MROTEK CASHOn the daily chart, the stock is moving upside from immediate support of 30 onmonthly chart . It is forming Double Bottom on weekly chart and it has given breakoutsince then it 53level it will hit new 52 week high. we recommend to buy the stockabove 53.50 for the upside target of 65 with stop loss below 38 level.

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ELECTHERM CASHThe chart shows fine breakout from 200 MVG AVG on weekly chart level. The starting of2019 has been marvelous for ELECTHERM. On the daily chart, the stock is continue in anuptrend move last couple of days It may tend to move further for upside if close above273.This stock is in smooth uptrend with high volume and On monthly view it is givenbreakout around 212.,Hence, we recommend buy the stock above 273-275 for the upsidelevel of 305 in the short term with stop loss below 256 levels.

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