Weekly Market Insights

07th to 11th November 2016

`4321
Market Snippet
Market post biggest weekly fall in five; Nifty ends
below 8450 mark.
FMCG stocks rallied after the GST council decided on
a four tier tax rate structure.
Sun Pharma shares tanks as sector weak on US
probe fear for price collusion.
Lupin receives EIR report from USFDA for Goa plant;
stock tanks.
L&T shares ends on weak note after goverment sells
1.6 percent of SUUTI holding.
PNB Housing Finance to list shares on Monday i.e.
November 7.
ONGC, Cairn face Rs 1922 crore service tax on
royalty payments.
Titan shares decline more than 2 percent on the back
of lower than expected Q2 numbers.
Allahabad Bank reported 63 percent down in Q2 net
which stood at Rs 65 crore.
Berger Paints posted 55% grwoth in its consolidated
net profit at Rs 139 crore.

Gainers
LARGECAP
HINDALCO
BHARTIARTL
M&M
HCLTECH
ITC
Losers
LARGECAP
SUNPHARMA
AUROPHARMA
BANKBARODA
DRREDDY
GRASIM

%CHANG
E
6.08%
4.76%
4.20%
3.52%
3.06%
%CHANG
E
-12.91%
-11.00%
-8.42%
-7.37%
-7.23%

MIDCAP
WELSPUNIND
STAR
TORNTPOWER
GPPL
CROMPGREAV
MID CAP
DISHTV
GMRINFRA
IDFC
ENGINERSIN
TATAGLOBAL

%CHANG
E
9.66%
1.98%
1.56%
0.63%
0.46%
%CHANG
E
-12.65%
-10.18%
-9.73%
-9.44%
-9.00%

Indian Markets
INDEX
VALUE
NIFTY
SENSEX
NIFTYBAN
K
INDIA VIX

CHANGE

8433.75
27274.2
19058.1

-204.25
-667.35
-497.9

%CHANG
E
-2.42%
-2.44%
-2.61%

16.84

+2.20

+13.04%

CHANGE
-239.03
-157.56
-271.92
+20.00

%CHANGE
-1.33%
-3.11%
-4.05%
+0.63%

-541.04

-3.20%

International Markets
INDEX
VALUE
DOW
17903.7
NASDAQ
5058.41
FTSE
6704.11
SHANGHA 3125.08
I
NIKKEI
16905.4
FII & DII Activity
Date

FII
(in Rs. cr.)

DII
(in Rs. cr.)

31-Oct-16

01-Nov-16

-123.96

192.10

02-Nov-16

-667.37

407.27

03-Nov-16

-706.77

534.98

04-Nov-16

-343.3

1089.86

OUR PREVIOUS CALLS UPDATE

Calls of the week
Date
Stocks
01/11/1 DHFL
6
01/11/1 HEXAWARE
6
Weekly Pick
Date
Stock
01/11/1
6

JUBILANT

Entry
330.8

Exit
324.2

P/L
-3990

206

201.8

-4077

Entry

Exit

P/L

701

680

-5991

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Weekly Market View

Nifty

Markets traded lower for the second week continuously

breaking the critical support level of 8470 on daily chart and
ended much lower to close at 8458.It traded lower for most
of the trading sessions in the week.
On daily charts, it is expected to head towards southwards
to test the support level of 8310 however a bounce back can
be seen if it closes above 8470 to test the resistance level of
8580.Volatility can be seen in coming trading days as US
precedential elections is due to take place next week.

Support & Resistance

Close

S1

S2

8458

8310

8200

Crucia
l
8310

R1

R2

8580

8710

Weekly Nifty Bank View

Nifty Bank

Nifty Bank traded lower following the bearish engulfing

pattern made on charts last week and broke the support
level of 19205 on daily chart. Further downside movement is
expected in nifty bank below the closing level of 19000 to
test the support zone of 18870 to 18600.
Support & Resistance
Close

S1

S2

Crucia
l
18870

R1

R2

19131 18870 18590

19380
19700
Global Markets Update
Wolrd Markets were overall on their downtrend this week as
they digested cues from political turmoils in United States
upcoming presidential elections results, where most of the
countires are in support of Democratic, Hillary Clinton. Asian
Makrets declined on another steady statement from Bank of
Japans economic growth. European Markets also declined as
investors are waiting for US election polls along with
unchanged bank rates in Britain. Wall Street witnessed
another downfall this week due to disappointing
unemployement claims.

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Calls of the week

(Premium Section)

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Weekly Pick

(Premium Section)

SUNTV FUTURE found support around the lower levels and closed on satisfactory note as seen on daily chart.
According to daily chart, buy on dips can be seen in the stock and may lead higher.
BUY ABOVE 526 TARGETS 529/532 SL 521.

TATAMTRDVR FUTURE found strong support around the 100 day EMA as seen on daily chart above and
closed higher. Now, the stock is expected to move northwards if holds above the mentioned level.
BUY ABOVE 339.65 TARGETS 342/344.50 SL 335.90.

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Weekly Pick

(Premium Section)

DABUR FUTURE again sustained at higher levels after giving a positive breakout from the double botton pattern.
Now, the stock seems to rise further and positive breakout can be seen.
BUY ABOVE 301.50 TARGETS 306.50/311.50 SL 294.

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.
BUY ABOVE 598.40 TARGETS 610.40 SL 587.

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