MNCL WEEKLY REPORT 16 Dec 2019

Nifty:
Weekly chart
Nifty was volatile last week but it has given highest clos-
ing on weekly basis. Index made a low of 11830 during
the week but bounced back sharply from this lower levels
and closed around 12100 level on Friday.

In the current week, Nifty can trade with positive bias on

the back of “risk on” sentiments prevailing in the global
equities triggered by US-China phase-one trade deal and
easing of concerns on “Brexit” deadlock. On the domes-
tic front, we can expect volatility around GST council
meeting on 19 Dec. Derivatives data suggest big OI addi-
tion at 12000-12100 put in weekly/monthly expiry (19
Dec/26 Dec).

Index has support at 11950-11800 levels while resistance

at 12200-12300 levels.

Banknifty:
Weekly chart
Banknifty outperformed benchmark Nifty by slender
margin however it closed at record highs in the last
week.

Among the constituents of Banknifty, PSU Banks out-

paced their private peers by considerable margin. Nifty
PSU Bank Index outperformed Banknifty by huge margin,
closing with more than 4.5% gain.

Banknifty can trade with positive bias in the current

week with support at 31500-31000 levels and resistance
at 32500-33000 levels.

Sectorial performance FII / DII WEEKLY MOVING AVERAGE DAILY

Index Value %Change
NIFTYPSUBA 2570.70 4.46 INDEX Rs IN CR INDEX 20 DAYS 50 DAYS 100 DAYS
NIFTYMETAL 2626.75 3.58
FII 129.71 NIFTY 11962 11800 11631
NIFTYAUTO 8069.70 3.37
BANKNIFTY 32014.25 2.15 DII 1848.35 BANK NIFTY 31396 30621 29993
NIFTYPVTBA 17668.15 1.79
NIFTY 12086.70 1.39 Weekly support/ resistance levels
NIFTYMIDCA 16932.40 1.20
INDEX S2 S1 Closing R1 R2
NIFTYPHARM 8045.05 1.10
NIFTYFMCG 30426.25 -0.36 NIFTY 11600 11800 12086 12050 12200
NIFTYIT 15200.55 -0.58
BANKNIFTY 30500 31000 32014 31800 32200
NIFTYSMLCA 5652.20 -0.79
 STOCKS ON THE RADAR

LT:
Daily chart
 After continuous selling pressure, stock
reached its demand zone and bounced back
sharply from this demand zone.

 On Friday, stock closed at the highest point of

the week. This is a bullish sign after such sharp
sell off. Momentum indicator is also showing
divergence on the daily charts.
 It is a buying opportunity above 1310 with stop
below 1285 and upside targets of 1345-1370
levels for next 10-15 days.

Maruti :
Daily chart
 After recent upside stock has corrected till its
38.2% retracement level of 6870 level. After
this brief correction stock has bounced back
sharply on Friday with the strong volumes.
 It has also given a breakout from the consolida-
tion range and closed at highest point of the
week.
 It is a buy opportunity above 7250 with stop
below 7100 and upside targets of 7400-7500
levels.

Last week calls performance

Stock Recommendation Targets Comment Change
Mindtree Buy in 730-735 range 765-790 Made a high of 770 4.9%

Kotak Bank Buy above 1680 1710-1730 Made a high of 1720 2.3%
 WEEKLY PIVOT TABLE
Stock Close High Low S2 S1 PIVOT R1 R2 EMA50 EMA200
ADANIPORTS 376.95 380.90 364.95 342.95 354.55 368.95 380.55 394.95 381.58 346.21
ASIANPAINT 1743.95 1757.70 1709.00 1669.38 1693.02 1721.98 1745.62 1774.58 1556.18 1246.80
AXISBANK 752.00 754.85 709.05 694.53 706.07 726.53 738.07 758.53 701.30 589.80
BAJAJ-AUTO 3232.90 3283.30 3202.30 3067.17 3136.63 3211.52 3280.98 3355.87 2918.56 2695.13
BAJAJFINSV 9210.30 9274.90 8821.05 8631.83 8742.47 8934.88 9045.52 9237.93 7682.72 5499.04
BAJFINANCE 4071.95 4089.25 3880.25 3780.98 3866.32 3971.83 4057.17 4162.68 3414.39 2221.20
BHARTIARTL 427.80 451.60 426.00 415.02 429.93 457.77 472.68 500.52 357.03 333.99
BPCL 496.75 503.70 476.20 467.83 478.17 493.83 504.17 519.83 415.16 356.70
BRITANNIA 3054.40 3096.00 3030.20 2977.27 3023.43 3069.72 3115.88 3162.17 2924.22 2367.44
CIPLA 461.25 465.00 444.60 442.58 449.02 460.43 466.87 478.28 505.24 540.04
COALINDIA 196.25 196.90 185.00 180.73 186.37 196.53 202.17 212.33 218.06 236.74
DRREDDY 2821.50 2942.00 2773.00 2796.40 2843.60 2896.30 2943.50 2996.20 2676.26 2613.71
EICHERMOT 22034.75 22459.00 20869.10 19360.00 20140.00 21445.00 22225.00 23530.00 20540.97 21200.66
GAIL 119.80 120.90 110.45 108.28 112.72 120.28 124.72 132.28 143.28 141.14
GRASIM 782.30 787.60 759.50 726.80 747.40 784.70 805.30 842.60 806.40 825.72
HCLTECH 543.15 563.20 535.05 549.97 555.13 562.32 567.48 574.67 538.30 466.12
HDFC 2354.50 2365.95 2260.05 2193.48 2229.07 2282.03 2317.62 2370.58 2081.83 1732.58
HDFCBANK 1263.85 1272.35 1237.55 1211.65 1228.85 1251.40 1268.60 1291.15 1157.67 933.50
HEROMOTOCO 2338.15 2406.10 2263.00 2272.07 2317.13 2396.07 2441.13 2520.07 2681.36 2834.73
HINDALCO 208.25 209.00 194.70 188.02 192.98 197.77 202.73 207.52 198.65 191.49
HINDUNILVR 2006.20 2041.60 1991.20 1994.22 2010.13 2036.07 2051.98 2077.92 1857.28 1423.91
ICICIBANK 537.05 542.80 522.20 489.47 507.13 522.32 539.98 555.17 421.52 323.90
INDUSINDBK 1485.40 1493.95 1396.15 1365.58 1415.72 1506.13 1556.27 1646.68 1479.09 1401.25
INFRATEL 252.40 262.60 246.05 205.03 232.37 264.43 291.77 323.83 259.64 282.43
INFY 711.30 722.70 699.55 676.43 695.77 707.88 727.22 739.33 731.05 608.50
IOC 128.25 129.70 121.85 118.87 121.63 126.62 129.38 134.37 140.41 136.23
ITC 241.60 243.30 235.00 238.78 241.07 244.28 246.57 249.78 262.63 254.94
JSWSTEEL 257.60 264.40 246.55 235.40 244.75 257.10 266.45 278.80 258.33 235.89
KOTAKBANK 1692.75 1720.00 1651.05 1571.70 1623.00 1651.50 1702.80 1731.30 1469.38 1137.10
LT 1305.30 1308.00 1255.00 1244.53 1267.67 1305.28 1328.42 1366.03 1372.77 1203.36
M&M 516.20 522.80 502.65 489.20 499.70 518.60 529.10 548.00 606.76 631.60
MARUTI 7214.95 7249.00 6905.00 6584.47 6735.58 7015.22 7166.33 7445.97 6904.27 6488.35
NESTLEIND 14301.60 14389.50 13866.45 13696.38 13861.27 14173.91 14338.80 14651.44 12219.62 9179.16
NTPC 115.65 116.15 109.70 109.62 111.13 113.72 115.23 117.82 122.58 124.21
ONGC 126.50 128.50 124.90 122.55 124.55 128.00 130.00 133.45 143.88 155.68
POWERGRID 185.70 188.85 178.30 180.00 183.30 189.15 192.45 198.30 193.16 175.92
RELIANCE 1582.90 1590.00 1546.50 1487.00 1520.95 1567.70 1601.65 1648.40 1312.73 988.94
SBIN 332.55 333.45 308.00 300.93 310.47 327.53 337.07 354.13 304.72 279.03
SUNPHARMA 439.25 441.90 423.60 412.47 420.53 435.07 443.13 457.67 438.14 520.84
TATAMOTORS 176.70 183.95 157.40 148.90 155.20 163.70 170.00 178.50 170.81 280.74
TATASTEEL 428.40 434.60 400.20 368.45 385.85 406.40 423.80 444.35 435.63 450.36
TCS 2071.25 2127.95 1984.00 1969.20 2046.40 2087.20 2164.40 2205.20 2024.04 1589.65
TECHM 761.85 766.00 737.30 714.67 736.08 753.72 775.13 792.77 720.69 607.72
TITAN 1186.15 1203.50 1165.85 1110.93 1141.47 1173.03 1203.57 1235.13 1113.45 806.32
ULTRACEMCO 4082.60 4192.00 3970.00 4004.88 4081.37 4200.68 4277.17 4396.48 4162.14 3795.54
UPL 565.00 581.00 551.70 542.80 552.25 567.60 577.05 592.40 568.37 475.65
VEDL 149.40 150.70 136.55 131.98 136.97 141.68 146.67 151.38 163.40 179.70
WIPRO 243.85 244.85 236.35 230.93 235.97 240.43 245.47 249.93 253.87 228.76
YESBANK 46.65 58.85 40.75 46.00 51.00 60.15 65.15 74.30 121.42 195.66
ZEEL 279.70 297.00 268.90 252.70 270.20 288.60 306.10 324.50 352.39 411.78
 Disclaimer
Disclaimer: Monarch Networth Capital Limited (hereinafter MNCL), a publically listed company, is engaged in services of retail broking, credits, portfolio management and marketing investment products including
mutual funds, life & general insurance and as such prepares and shares research data and reports periodically with clients, investors, stake holders and general public in compliance with Securities and Exchange Board
of India Act, 1992, Securities And Exchange Board Of India (Research Analysts) Regulations, 2014 and/or any other applicable directives, instructions or guidelines issued by the Regulators from time to time.

Research report is a written or electronic communication that includes research analysis, research recommendation or an opinion concerning securities or public offer, providing a basis for investment decisions. The
views expressed therein are based solely on information available publicly/internal data/other reliable sources believed to be true. The information is provided merely as a complementary service and do not constitute
an offer, solicitation for the purchase or sale of any financial instruments, inducement, promise, guarantee, warranty, or as an official confirmation of any transactions or contract of any kind.

Research data and reports published/ emailed/ text messaged via Short Messaging Services, Online Messengers, WhatsApp etc/transmitted through mobile application/s, including but not limited to FLIP™, Video
Widget, telephony networks, print or electronic media and or those made available/uploaded on social networking sites (e.g. Facebook, Twitter, LinkedIn etc) by MNCL or those recommendation or offers or opinions
concerning securities or public offer which are expressed as and during the course of “Public Appearance” are for informational purposes only. The reports are provided for assistance and are not intended to be and
must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Though disseminated to clients simultaneously, not all clients may receive the
reports at the same time. MNCL will not treat recipients as clients by virtue of their receiving this report.

The reports include projections, forecasts and other predictive statements which represent MNCL’s assumptions and expectations in the light of currently available information. These projections and forecasts are
based on industry trends, circumstances and factors which involve risks, variables and uncertainties. The actual performance of the companies represented in the report may vary from those projected. The projections
and forecasts described in this reports should be evaluated keeping in mind the fact that these-
are based on estimates and assumptions

are subject to significant uncertainties and contingencies

will vary from actual results and such variations may increase over a period of time

are not scientifically proven to guarantee certain intended results

are not published as a warranty and do not carry any evidentiary value.

are not based on certain generally accepted accounting principles

are not to be relied on in contractual, legal or tax advice.

Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Reports based on technical analysis is focused on studying charts of a
stock's price movement and trading volume, as opposed to focusing on a company's fundamentals and as such, may not match with a report on a company's fundamentals.

Though we review the research reports for any untrue statements of material facts or any false or misleading information, , we do not represent that it is accurate or complete and it should not be relied on in connec-
tion with a commitment or contract whatsoever. Because of the possibility of human, technical or mechanical error by our sources of transmission of Reports/Data, we do not guarantee the accuracy, adequacy,
completeness or availability of any information and are not to be held responsible for any errors or omissions or for the results obtained from the use of such information. MNCL and/or its Affiliates and its officers,
directors and employees including the analysts/authors shall not be in any way responsible for any indirect, special or consequential damages that may arise to any person from any inadvertent error in the information
contained in the reports nor do they take guarantee or assume liability for any omissions of the information contained therein. Information contained therein cannot be the basis for any claim, demand or cause of
action. These data, reports and information do not constitute scientific publication and do not carry any evidentiary value whatsoever.

The reports are not for public distribution. Reproduction or dissemination, directly or indirectly, of research data and reports of MNCL in any form is prohibited except with the written permission of MNCL. Persons into
whose possession the reports may come are required to observe these restrictions. Opinions expressed therein are our current opinion as of the date appearing on the report only. Data may be subject to update and
correction without notice. While we endeavour to update on a reasonable basis the information discussed in the reports, there may be regulatory, compliance, or other reasons that prevent us from doing so. The
reports do not take into account the particular investment objectives, financial situations, risk profile or needs of individual clients. The user assumes the entire risk of any use made of this information. Each recipient of
the reports should make such investigation as deemed necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in such reports (including the merits and risks
involved).

Certain transactions - futures, options and other derivatives as well as non-investment grade securities - involve substantial risks and are not suitable for all investors. Investors may lose his/her entire investment under
certain market conditions. Before acting on any advice or recommendation in this material, investors should consider whether it is suitable for their particular circumstances and, if necessary, seek professional advice.
The price and value of investments referred to in research reports and the income from them may fluctuate. Transaction costs may be significant in option strategies calling for multiple purchase and sales of options.
Foreign currencies denominated securities are subject to fluctuations in exchange rates that could have an adverse effect on the value or price of or income derived from the investment. Investors in securities such as
ADRs, the value of which are influenced by foreign currencies effectively assume currency risk.

The recommendations in the reports are based on 12 month horizon, unless otherwise specified. The investment ratings are on absolute positive/negative return basis. It is possible that due to volatile price fluctuation
in the near to medium term, there could be a temporary mismatch to rating. For reasons of valuations/return/lack of clarity/event we may revisit rating at appropriate time. The stocks always carry the risk of being
upgraded to buy or downgraded to a hold, reduce or sell. The opinions expressed in the reports are subject to change but we have no obligation to tell our clients when our opinions or recommendations change. The
reports are non-inclusive and do not consider all the information that the recipients may consider material to investments. The reports are issued by MNCL without any liability/undertaking/commitment on the part of
itself or any of its entities.

Recipients of the research reports should assume that entities of MNCL may receive commission, brokerage, fees or other compensation from the company or companies that are the subject of the reports. We and our
affiliates, officers, directors, and employees, including persons involved in the preparation or issuance of reports/data/material, may, from time to time have 'long' or 'short' positions in, act as principal in, and buy or
sell the securities thereof of companies mentioned therein or be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as market maker in the financial instru-
ments of the company/ies discussed therein or act as advisor or lender/borrower to such company/ies or have other potential conflicts of interests with respect to any recommendation and related information and
opinions.

We further undertake that-

No disciplinary action has been taken against the research analyst or MNCL by any authority in connection with their respective business activity.

MNCL, Research analysts, persons reporting to research analysts and their relatives may have financial interests and material conflict of interest in the subject company.

MNCL, Research analysts, persons reporting to research analysts and their relatives may have actual/beneficial ownership of 1% or more in the subject company’s securities, at the month immediately preced-
ing the date of publication of this research report.

Past performance is not a guide for future performance, future returns are not guaranteed and investors may suffer losses which may exceed their original capital.

The securities described herein may not be eligible for sale in all jurisdictions or to all categories of investors. The countries in which the companies mentioned in this report are organized may have restrictions on
investments, voting rights or dealings in securities by nationals of other countries. Distributing/taking/sending/dispatching/transmitting this document in certain foreign jurisdictions may be restricted by law, and
persons into whose possession this document comes should inform themselves about, and observe any such restrictions. Failure to comply with this restriction may constitute a violation of any foreign jurisdiction laws.

The user should consult their own advisors to determine the merits and risks of investment and also read the Risk Disclosure Documents for Capital Markets and Derivative Segments as prescribed by Securities and
Exchange Board of India before investing in the Indian Markets.

Key to MNCL Investment Rankings

Buy: Upside by>15%, Accumulate: Upside by +5%to 15%, Hold: Upside/Downside by -5% to +5%, Reduce: Downside by 5% to 15%, Sell: Downside
by>15%

Monarch Networth Capital Ltd. (www.mnclgroup.com)

Office: - 9th Floor, Atlanta Centre, Sonawala Lane, Opp. Udyog Bhavan, Goregaon (E), Mumbai 400 063. Tel No.: 022 30641600