ELITE INVESTMENT ADVISORY SERVICES WEEKLY EQUITY REPORT
06/11/2017
WEEKLY MARKET SUMMARY
THE MARKET SET A FRESH RECORD CLOSING HIGH ON FRIDAY, DRIVEN BY FURTHER RALLY IN BANKS IN LATE TRADE, ESPECIALLY AFTER PNB REPORTED STRONG EARNINGS AND ASSET QUALITY IMPROVEMENT. IT WAS PARTLY DRIVEN BY GLOBAL CUES.THE 30-SHARE BSE SENSEX WAS UP 112.34 POINTS AT 33,685.56 AND THE 50-SHARE NSE NIFTY ROSE 28.70 POINTS TO 10,452.50.BANKS LED THE CHARGE TODAY, WITH THE NIFTY BANK RISING 0.88 PERCENT AND PSU BANK GAINING 3 PERCENT. STRONG EARNINGS BY PUNJAB NATIONAL BANK, ONE OF THE LARGEST AMONG TOP THREE PSU BANKS, INDICATED THAT ASSET QUALITY CONCERNS MAY BE EASING SOON. PNB WAS BIGGEST GAINER, RISING 5 PERCENT AFTER BETTER-THAN-EXPECTED EARNINGS, AND SHARP FALL IN SLIPPAGES QOQ.
WEEKLY GAINER
MARKET
CLOSING
CHANGE
% CHANGE
BHARTIARTL
541.25
55.95
11.53%
AXISBANK
540.10
54.15
11.14%
YESBANK
325.95
18.90
6.16%
ICICIBANK
315.90
14.75
4.90%
MARKET
CLOSING
CHANGE
% CHANGE
UPL
775.60
-55.70
-6.70%
M&M
1330.75
-56.95
-4.10%
TECHM
463.45
-12.95
-2.72%
TATASTEEL
708.90
-17.90
-2.46%
WEEKLY LOSSER
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SECTORIAL INDICES
3 2.5 2
% CHANGE
1.5 1 0.5 0 -0.5 -1 -1.5
% CHANGE
NIFTY 50
NIFTY BANK
NIFTY AUTO
NIFTY FMCG
NIFTY NIFTY NIFTY NIFTY NIFTY NIFTY PHARM IT MEDIA METAL ENRGY INFRA A
0.28
0.88
0.27
-0.13
-0.06
2.39
-0.07
-1.07
-0.24
0.37
WEEKLY STOCK RECOMMENDATION
CALL: BUY ISFT ABOVE 600 TARGETS 606, 612, 618 STOPLOSS 588 CALL: BUY STARPAPER ABOVE 227 TARGETS 230, 233, 236 STOPLOSS 221 CALL: BUY JISLJALEQS ABOVE 112 TARGETS 113, 114, 115 STOPLOSS 110 CALL: BUY ARVIND ABOVE 445 TARGETS 450, 455, 460 STOPLOSS 435 CALL: BUY JETAIRWAYS ABOVE 630 TARGETS 636, 642, 648 STOPLOSS 612
FII/DII ACTIVITY
INSTITUTIONS FII’s DII’S
BUY VALUE 4660.27 3877.08
SELL VALUE 14351.11 3843.68
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NET VALUE -9690.84 33.4
:
WEEKLY VIEW ON NIFTY
SCRIPT
R3
R2
R1
PIVOT
S1
S2
S3
NIFTY-50
10535
10495
10475
10440
10415
10380
10360
NIFTY-50 TRADING STRATEGY: NIFTY-50 CLOSED AT POSITIVE SIDE AND TAKE A SUPPORT FROM THE LEVEL OF 10403, IF NIFTY-50 WILL CROSS THE LEVEL OF 10460, IN THE NEXT TRADING SESSION. WE RECOMMENDED BUYING FROM THE LEVEL OF 10460.
WEEKLY VIEW ON NIFTY BANK
SCRIPT
R3
R2
R1
PIVOT
S1
S2
S3
NIFTY BANK
26070
25880
25765
25580
25465
25280
25165
NIFTY-BANK TRADING TRADING STRATEGY: STRATEGY: NIFTY-BANK IN THE THE TODAY’S TODAY’S TRADING TRADING SESSION, SESSION, IN NIFTY-BANK HAS HAS TAKEN TAKEN THE THE SUPPORT SUPPORT NIFTY-BANK FROM THE OFOF 25394 AND CLOSED FROM THE LEVEL LEVEL 24004.80 AND AT 25650, IF NIFTYBANK WILL BE TRADE CLOSED AT 24053.00 IF NIFTYBANK ABOVE IN THE23913.65 NEXT TRADING WILL BE 25700. TRADE BELOW IN THE DAY, THEN WE RECOMMENDED NEXT TRADING DAY, THENBUYING WE ABOVE THE LEVEL OF 25700. RECOMMENDED SELLING BELOW THE LEVEL OF 23913.65
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