ELITE INVESTMENT ADVISORY SERVICES WEEKLY EQUITY REPORT
27/11/2017
WEEKLY MARKET SUMMARY
THE NIFTY 50 ENDED AT FRESH RECORD CLOSING HIGH ON FRIDAY AS INVESTORS CHEERED MACRO DATA, EARNINGS AND TELCOS DEALS. THE RALLY WAS DRIVEN BY BANKS, TELECOM AND METALS STOCKS, AND RELIANCE INDUSTRIES. BUT THE BROADER MARKETS UNDERPERFORMED BENCHMARKS, ENDING FLAT. THE 50-SHARE NSE NIFTY ROSE 40.95 POINTS OR 0.40 PERCENT TO 10,389.70, AFTER HITTING A FRESH RECORD HIGH OF 10,485.0INTRADAY. THE 30-SHARE BSE SENSEX RALLIED 91.16 POINTS OR 0.27 PERCENT TO 33679.24 DESPITE WEAK MARKET BREADTH. THE INDEX IS STILL ALMOST60 POINTS AWAY FROM ITS RECORD HIGH OF 32,738.53 HIT ON NOVE 6. ABOUT 730 SHARES DECLINED AGAINST 1029 ADVANCING SHARES ON THE NSE.
WEEKLY GAINER MARKET
CLOSING
CHANGE
CHANGE IN %
SUNPHARMA
549.50
32.40
6.27
GAIL
471.05
26.30
5.91
ZEEL
564.15
28.65
5.35
RELIANCE
951.10
39.20
4.30
MARKET
CLOSING
CHANGE
AMBUJACEM
264.95
-9.55
-3.48
HINDALCO
251.65
-7.20
-2.78
ICICIBANK
317.20
-7.90
-2.43
SBIN
332.40
-5.10
-1.51
WEEKLY LOSSER
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CHANGE IN %
SECTORIAL INDICES 1.6 1.4 1.2 1 % CHANGE
0.8 0.6 0.4 0.2 0 -0.2 -0.4
-0.6
% CHANGE
NIFTY 50
NIFTY BANK
NIFTY AUTO
NIFTY FMCG
NIFTY NIFTY NIFTY NIFTY NIFTY NIFTY PHARM IT MEDIA METAL ENRGY INFRA A
0.7
1.35
0.05
-0.15
0.39
-0.45
1.15
-0.33
0.18
1.19
WEEKLY STOCK RECOMMENDATION
CALL: BUY JAICORPLTD ABOVE 192.50 TARGETS 194.50, 196.5 198.5 STOPLOSS 188.5 CALL: BUY BAJAJELEC ABOVE 480 TARGETS 485, 490, 495 STOPLOSS 470 CALL: BUY FRETAIL ABOVE 656 TARGETS 662, 668, 674 STOPLOSS 644 CALL: BUY TBZ ABOVE 145.50TARGETS 147, 148.5, 150 STOPLOSS 142.5 CALL: BUY PURVA ABOVE 153TARGETS 154.5, 156, 157.5 STOPLOSS 150
FII/DII ACTIVITY INSTITUTIONS FII’s DII’S
BUY VALUE 4327.32 3389.69
SELL VALUE 4743.6 2962.06
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NET VALUE -416.28 427.63
WEEKLY VIEW ON NIFTY SCRIPT
R3
R2
R1
PIVOT
S1
S2
S3
NIFTY50
10470
10425
10410
10385
10365
10345
10300
NIFTY-50 TRADING STRATEGY: NIFTY-50 CLOSED AT POSITIVE SIDE AND TAKE A SUPPORT FROM THE LEVEL OF 10362, IF NIFTY-50 WILL CROSS THE LEVEL OF 10410, IN THE NEXT TRADING SESSION. WE RECOMMENDED BUYING FROM THE LEVEL OF 10410.
WEEKLY VIEW ON NIFTY BANK SCRIPT
R3
R2
R1
PIVOT
S1
S2
S3
NIFTY BANK
25990
25890
25835
25790
25735
25690
25590
NIFTY-BANK TRADING STRATEGY: IN THE TODAY’S TRADING SESSION, NIFTY-BANK HAS TAKEN THE SUPPORT FROM THE LEVEL OF 25749 AND CLOSED AT 25779, IF NIFTYBANK WILL BE TRADE ABOVE 24850. IN THE NEXT TRADING DAY, THEN WE RECOMMENDED BUYING ABOVE THE LEVEL OF 24850.
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