Nifty 17277.95 (0.75%)
Sensex 57858.15 (0.64%)
Nifty Bank 37706.75 (2.05%)
Nifty IT 34707.45 (-0.33%)
Nifty Financial Services 17789.8 (0.89%)
Adani Ports 711.10 (1.23%)
Asian Paints 3147.10 (-0.26%)
Axis Bank 752.20 (6.76%)
B P C L 382.55 (2.53%)
Bajaj Auto 3469.10 (2.57%)
Bajaj Finance 6963.75 (0.46%)
Bajaj Finserv 15528.95 (-1.13%)
Bharti Airtel 711.85 (3.18%)
Britannia Inds. 3539.30 (0.44%)
Cipla 905.65 (1.52%)
Coal India 161.15 (3.10%)
Divis Lab. 4049.20 (-0.18%)
Dr Reddys Labs 4402.85 (0.88%)
Eicher Motors 2692.00 (1.34%)
Grasim Inds 1721.30 (1.81%)
H D F C 2530.60 (-0.36%)
HCL Technologies 1123.70 (-0.11%)
HDFC Bank 1488.05 (0.09%)
HDFC Life Insur. 630.80 (0.51%)
Hero Motocorp 2782.05 (2.80%)
Hind. Unilever 2327.25 (1.87%)
Hindalco Inds. 485.75 (1.54%)
I O C L 121.45 (0.91%)
ICICI Bank 801.65 (0.40%)
IndusInd Bank 884.25 (3.88%)
Infosys 1722.15 (-0.84%)
ITC 214.30 (1.18%)
JSW Steel 631.15 (1.50%)
Kotak Mah. Bank 1854.65 (1.30%)
Larsen & Toubro 1925.30 (1.34%)
M & M 854.50 (-0.02%)
Maruti Suzuki 8602.60 (6.83%)
Nestle India 18790.75 (0.39%)
NTPC 135.30 (2.04%)
O N G C 165.15 (-0.33%)
Power Grid Corpn 218.85 (2.27%)
Reliance Industr 2373.25 (-0.20%)
SBI Life Insuran 1228.00 (0.24%)
Shree Cement 24497.50 (0.73%)
St Bk of India 514.65 (4.15%)
Sun Pharma.Inds. 808.05 (0.90%)
Tata Consumer 707.75 (2.36%)
Tata Motors 490.55 (2.53%)
Tata Steel 1109.10 (0.90%)
TCS 3769.90 (-0.04%)
Tech Mahindra 1500.60 (-0.83%)
Titan Company 2376.50 (-1.10%)
UltraTech Cem. 7098.35 (-0.81%)
UPL 791.15 (3.74%)
Wipro 562.70 (-1.75%)

Weekly Wrap Up - 09th August

Weekly stocks
Stock Recommendations
09/08/2021

NIFTY 50

Nifty closed with a loss of 0.35% near 16238.20 levels on friday. The market breath was bearish with 27 declines against 23 advances. Sectors ended the session in green territory are Auto,  IT, Metals, PSU Bank and PSU Banks  sectors closed in red zone are Realty, Pharma, Media FMCG on Friday. 

NIFTY BANK

Nifty bank closed with a loss of 0.07% near 35809.25 levels. INDUSINDBNK, IDFCFIRSTBK, PNB were top gainer while RBLBANK, BANDHANBNK, SBIN were top losers.  

WEEKLY TOP3 GAINERS (02nd Aug - 06th Aug)
 

            SCRIP

LTP

%CHANGE

HINDOILEXP

166.45

+32.21

COSMOFILMS

1400

+18.39

BASF

3390.30

+16.85

 

WEEKLY TOP 3 LOSERS (02nd Aug - 06th Aug)

SCRIP

LTP

%CHANGE

FRETAIL

52.55

14.27

IDEA

7.10

14.15

FLFL

70.70

14.14

 

Weekly Chart- Nifty 50

Nifty

 

Nifty hit 16300 level for the first time but profit booking seen after RBI shared its monetary policy outcome that was in line with expectations and offering little to the market. On the weekly chart, nifty which gained 3 percent during the week formed a bullish candle and ends the session above its resistance which is a sign of bullish movement in coming session. If the index sustain above 16200 then buyers can attempt a bounce towards 16350, but strength can’t be assumed unless a close above 16,350 is registered. If it sustain above 16350 than it may hit targets of 16500 mark. 

As per the option chain data,, maximum Put open interest was seen at 15000 followed by 16000 strike price while maximum Call open interest was seen at 16500 followed by 16000 strike price. Minor Call writing was seen at 16700 then 16550 strike, while Put writing was seen at 16000 then 16300 strike.

The above data indicates that the Nifty can continue seeing a broader trading range of 16,000-16,500 in the coming sessions.

Nifty find support near 16000 while 16500 will act as a psychological resistance.
 

WEEKLY CHART- BankNifty

Bank Nifty

 

Bank Nifty ends the week with bullish candle but despite crossing 36000 resistance level it could not sustain  above it and closed below it. Selective banking stocks were on the move, but overall, the index lacked strength. 20 Moving average is acting as a brilliant support line as we can see same in above charts. 

Banknifty support is placed near 33900 while on higher side 37500 will act as an immediate resistance.

 

CALL FOR THE WEEK:

AAKASH

 

CALL : BUY AAKASH ABOVE 282 SL 272 TGT 295

Description: 
Trend of stock is bullish, Prices ends the session with big bullish candle, 11-day period Exponential Moving Average is acting as a brilliant support line and it has provided support at regular intervals. This suggest that one should be in the direction of the ongoing trend as far as this line is protected and any pullback towards the same should be utilized as buying opportunity.

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SENSEX
57,858.15
366.64 (0.64%)
Nifty 50
17,277.95
128.85 (0.75%)
Nifty Bank
37,706.75
759.20 (2.05%)
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