Equity Weekly Report 7 Th Oct 12 Th Oct

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WEEKLY REPORT 61.34 61.34 7th OCTOBER –12th OCTOBER Trade House 426 Alok Nagar, Kanadia Main Road Near Bangali Square Indore-452001 (M.P.) India Mobile…
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WEEKLY REPORT 61.34 61.34 7th OCTOBER –12th OCTOBER Trade House 426 Alok Nagar, Kanadia Main Road Near Bangali Square Indore-452001 (M.P.) India Mobile :+91-9039261444 E-mail: info@tradenivesh.in 7TH OCT– 12th OCT WEEKLY REPORT INDIAN MARKETS INDIAN SECTORIAL INDICES % % CHANGE CHANGE INDICES VALUE CHANGE (weekly) INDICES CHANGE (weekly) (weekly) (weekly) NIFTY 11174.8 -337.6 -2.93% NIFTY500 9,091.65 -3.24% SENSEX 37673.31 -1149.26 -2.96% NIFTY NEXT 50 26,681.60 -4.09% BANK NIFTY 27731.8 -2144.9 -7.18% NIFTY MID100 15,573.70 -4.29% MARKET SUMMARY NIFTY IT 15,340.30 0.68%  The BSE Sensex slipped 433.56 points, or 1.17 percent, to 37,673.21 and the Nifty fell 139.25 points, or 1.2 percent, to 11,174.75, as all sectoral indices NIFTY 100 11,303.40 -3.09% traded in the red barring IT. NIFTY BANK 27,731.85 -7.18%  The broader markets also fell in line with benchmarks as the Nifty Midcap and Smallcap indices declined around a percent each. About two shares declined NIFTY REALTY 248.15 -5.18% for every one share rising on the BSE. NIFTY INFRA 3,131.40 -1.72%  Nifty auto, financial services, metal, pharma and realty indices were down NIFTY ENERGY 15,525.10 0.92% between 1 percent and 2 percent. NIFTY MIDCAP 4,237.25 -5.02% 50 7TH OCT– 12th OCT WEEKLY REPORT MOVERS & SHAKERS LAST WEEK Losers of the Week GLOBAL INDICES WEEKLY Symbol CMP % change United States Indiabulls Housing F 245.25 -37.13 DJIA S&P 500 NASDAQ 26,573.72 (-0.92%) 2,952.01 (-0.33%) 7,982.47 (1.03%) IndusInd Bank 1,265.30 -14.55 European YES Bank Ltd. 42.15 -13.54 CAC 40 DAX FTSE 100 5,488.32 (-2.70%) 12,012.81 (-2.97%) 7,155.38(-3.65%) Zee Entertainment 236.85 -13.42 En Asian NIKKEI HANG SENG SHANGHAI COM. Gainers of the Week Symbol CMP % change 21,410.20 (-2.14%) 25,821.03 (-0.52% 2,905.19 (-0.92%) Bharat Petroleum 515.55 9.74 ) INDIAN CURRENCY ) WEEKLY ) Hind. Petrol 320.7 4.86 USD-INR EUR-INR GBP-INR JPY-INR USD INDEX 2.39%) ) Indian Oil Corp 151.05 3.78 70.82 (0.20%) 77.77 (-0.57%) 87.35 (0.56%) 66.22 (1.16%) 98.84 (0.07%) ( HCL Technologies 1,079.10 3.65 7TH OCT– 12th OCT WEEKLY REPORT NIFTY WEEKLY OUTLOOK WEEKLY WEEKLY R3 12,149.48 CLOSE 11,550.05 R2 11,743.03 OPEN 11441.45 R1 11,472.12 HIGH 11,607.50 Pivot 11,336.58 LOW 11,201.05 S1 11,065.67 S2 10,930.13 CHANGE -26.95 % S3 10,523.68 -0.23% CHANGE TECHNICAL VIEW NIFTY FUTURE NIFTY FUTURE: ITS UP TREND IN LAST WEEK AND IN WEEKLY CHARTS BEARISH WIDE RANGE CANDELTSICK PATTERN FORMED AND TREND LINE BREAKOUT GIVES IN DAIY CHARTS AND BEARISH FLAG PATTERN FORMED AT 11000 ITS MAJOR SUPPORT LEVEL . RSI GIVESH SELL SIGNALS. SELL NIFTY IN FUTURE BELOW 11200 TGT 11020/10800 SL ABOVE 11505 7TH OCT– 12th OCT WEEKLY REPORT NIFTY BANK WEEKLY OUTLOOK WEEKLY WEEKLY R3 32,841.53 CLOSE 27809.85 R2 30,678.58 OPEN 29894.90 R1 29,244.22 HIGH 29950.00 Pivot 28,515.63 S1 27,081.27 LOW 27787.05 S2 26,352.68 CHANGE -2251.45 S3 24,189.73 % -7.49% CHANGE TECHNICAL VIEW BANK NIFTY FUTURE: ITS UP TREND IN LAST WEEK AND IN WEEKLY CHARTS BEARISH WIDE RANGE CANDELTSICK PATTERN FORMED AND TREND LINE BREAKOUT GIVES IN DAIY CHARTS AND BEARISH FLAG PATTERN FORMED AT LEVEL 27500 ITS MAJOR SUPPORT LEVEL . RSI GIVESH SELL SIGNALS. SELL BANK NIFTY IN FUTURE BELOW 27800 TGT 27500/26800 SL ABOVE 28200 7TH OCT– 12th OCT WEEKLY REPORT WEEKLY RECOMMENDATIONS : TATASTEEL FUTURE SELL WEEKLY WEEKLY R3 408.88 CLOSE 333.15 R2 376.38 OPEN 355.05 R1 354.77 HIGH 365.50 Pivot 343.88 LOW 333.00 S1 322.27 CHANGE -27 S2 311.38 % S3 278.88 -7.50% CHANGE TATSTEEL FUTURE : TECHNICAL VIEW TATASTEEL FUTURE : ITS STORNG DOWN TREND IN LAST WEEK AND BEARISH WIDE RANGE CANDELSTRICK PATTERN FORMED AND BEARISH FLAG PATTERN BEARKOUT GAVES AT 330 . RSI GIVESH SELL SIGNALS SELL TATASTEEL IN FUTURE BELOW 330 TGT 320/305 SL ABOVE 346 7TH OCT– 12th OCT WEEKLY REPORT WEEKLY RECOMMENDATIONS :VOLTAS FUTURE BUY WEEKLY WEEKLY R3 753.85 CLOSE 659.20 R2 712.60 OPEN 686.70 R1 685.90 HIGH 698.05 Pivot 671.35 LOW 656.80 S1 644.65 CHANGE -25.85 S2 630.10 % S3 588.85 -3.77% CHANGE TECHNICAL VIEW VOLTAS FUTURE : ITS UP TREND IN LAST WEEK A BEARISH ENGULISH CANDELSTRICK PATTERN FOMRED AND MAJOR SUPPORT LEVEL 655 AND IF ITS BREAKOUT THEN ITS GOES DOWN TREND .RSI GIVES SELL SIGNALS SELL VOLTAS IN FUTURE BELOW 655 TGT 638/602 SL ABOVE 675 7TH OCT– 12th OCT WEEKLY REPORT OUR WEEKLY RECOMMENDATIONS : TATASTEEL LTD SELL WEEKLY WEEKLY R3 409.27 CLOSE 331.60 R2 375.87 OPEN 354.05 R1 353.73 HIGH 364.60 Pivot 342.47 LOW 331.20 S1 320.33 CHANGE -26.5 S2 309.07 S3 % CHANGE -7.40% 275.67 TECHNICAL VIEW TATASTEEL LTD : ITS STORNG DOWN TREND IN LAST WEEK AND BEARISH WIDE RANGE CANDELSTRICK PATTERN FORMED AND BEARISH FLAG PATTERN BEARKOUT GAVES AT 328 . RSI GIVESH SELL SIGNALS SELL TATASTEEL IN CASH BELOW 328 TGT 318/302 SL ABOVE 342 7TH OCT– 12th OCT WEEKLY REPORT WEEKLY RECOMMENDATIONS : GRASIM LTD (CASH) SELL WEEKLY WEEKLY R3 856.67 CLOSE 650.05 R2 768.12 OPEN 724.55 R1 709.08 Pivot 679.57 HIGH 738.60 LOW 650.05 S1 620.53 CHANGE -74.7 S2 591.02 % S3 502.47 -10.31% CHANGE TECHNICAL VIEW GRASIM LTD : ITS STORNG DOWN TREND IN LAST WEEK AND BEARISH WIDE RANGE CANDELSTRICK PATTERN FORMED IN DAILY CHARTS BEARISH FLAG PATTERN BEARKOUT GAVES AND MAJORS SUPPRORT LEVEL 648 . RSI GIVESH SELL SIGNALS SELL GRASIM LTD IN CASH BELOW 648 TGT 635/602 SL ABOVE 672 7TH OCT– 12th OCT WEEKLY REPORT STOCKS IN NEWS  The Reserve Bank of India cut the repo rate, at which banks borrow money from the central bank, by 25 bps to 5.15 percent, which was lower than analysts’ expectations.  The central bank has kept the policy stance accommodative after the GDP growth in Q1FY20 fell to six-year low of 5 percent.  The sixth reduction in this current calendar year takes the total rate cut to 135 bps.  Considering the current weak economic growth and subdued demand, the street was expecting a rate cut of around 40 bps. An- alysts still expect the final repo rate could be around 4.5-4.65 percent.  "Today's rate cut of 25 bps by the RBI was short of our expectation of a front-loaded cut of 40 bps amidst sharp downside re- vision of FY20 GDP growth forecast, which is reflective of further widening of the negative output gap," "However, with the CPI inflation projected to remain under 4% in the near to medium term, it is a welcome sign that the MPC has now decided to main- tain accommodative policy stance ‘as long as it is necessary to revive growth’. 7TH OCT– 12th OCT WEEKLY REPORT WEEKLY PIVOT TABLE 7TH OCT– 12th OCT WEEKLY REPORT DISCLAIMER This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companies referred to in this document including the merits and risks involved, and should consult their own advisors to determine the merits and risks of such an investment. Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding posi- tions and trading volume. The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this document is for general guidance only. Trade Nivesh shall not be in any way respon- sible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Trade Nivesh has not independently verified all the information contained within this document. Accordingly, we cannot testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While Trade Nivesh endeavors to update on a reasonable basis the information discussed in this ma- terial, there may be regulatory, compliance, or other reasons that prevent us from doing so. Investment in equity & Commodity market has its own risks. We Trade Nivesh shall not be liable or responsible for any loss or damage that may arise from the use of this information. 7TH OCT– 12th OCT
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