W E E K LY

REPORT
Da te: 06/07/2020

ISSUE NO.13

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Date: 06/07/2020

Weekly Report

NIFTY For next week, 10525 will act as

nearest support. Breaking this lev-
el with volume will take NIFTY to

CASH 10440-10385 levels. On the upper

side 10670 will act as a strong
hurdle zone. Cross over and close
above will take NIFTY to 10730-
10770 levels during this week
itself.

For next week, 21710 will act as

nearest support. Breaking this level
with volume will take NIFTY to
BANK
21300-21150 levels. On the upper
side 22150 will act as a strong
hurdle zone. Cross over and close
NIFTY
above will take NIFTY to 22250-
22475 levels during this week
itself.

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Date: 06/07/2020

Weekly Report

STOCKS FOR THIS WEEK

KALPATARU TRIVENI
NELCO
POWER TURBINE
CMP: RS. 234.15 CMP: RS. 73.50 CMP: RS. 208.40
BSE: 522287 | NSE: KALPATPOWR BSE: 533655 | NSE: TRITURBINE BSE: 504112 | NSE: NELCO
SECTOR: POWER - TRANSMISSION SECTOR: ELECTRIC EQUIPMENT SECTOR: TELECOMMUNICATIONS -
& EQUIPMENT EQUIPMENT

Stock is looking Stock is looking Stock is s�ll look-

highly explosive highly explosive ing superb on
on chart. Posi- on chart. Posi- chart. Posi�onal
�onal traders can �onal traders can traders can watch
watch between watch between between Rs.207-
Rs.232-227 with a Rs.73-71 with a 200 with a stop
stop loss of stop loss of Rs.68. loss of Rs.194. On
Rs.219. On the On the upper side the upper side we
upper side we are we are expec�ng are expec�ng
expec�ng Rs.82-86-90 levels Rs.216.5-225-232
Rs.241-249-255 in the next 10-15 levels in the next
levels in the next days. 10-15 days.
10-15 days.

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Date: 06/07/2020

Weekly Report

STOCKS FOR THIS WEEK

NATCO BHARTI
PHARMA AIRTEL
CMP: RS. 663.10 CMP: RS. 581.45
BSE: 524816 | NSE: NATCOPHARM BSE: 532454 | NSE: BHARTIARTL
SECTOR: PHARMACEUTICALS SECTOR: TELECOMMUNICATIONS - SERVICE

Stock is ready for big One can watch for

up move a�er long posi�onal trading on
consolida�on. One can dips between Rs.580-
watch for posi�onal 565 with a stop loss of
trading on dips Rs.557. On the upper
between Rs.660-640 side we are expec�ng
with a stop loss of Rs.595-612-625 levels
Rs.630. On the upper in the next 15-20
side we are expec�ng days.
Rs.675-684-710 levels
in the next 10-15 days.

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Date: 06/07/2020

Weekly Report

QUERY BOARD

1. Mr. Rajan Arora - New Delhi

Q. What are your short term views and targets on BHEL, MAHABANK & Karur Vysya Bank?
Answer: BHEL has declared poor numbers for Q4FY20 but sentiment turns positive after the China issue. On a
technical basis BHEL has strong support around 35---32.50 level. If you are holding BHEL, keep a stop loss of
Rs.32.50 and hold for the short term. On the upper side 42.50 will act as a strong hurdle, cross over will take BHEL
to 48-50 levels in the next 3 months. You can follow these levels for the short term.

MAHA BANK has strong support around 9.75. Keep stop loss of Rs.9.75 and hold this stock for an upper target of
Rs.12-13.50 in short term.

Karur Vysya Bank has strong support around 30-31 level zone. Keep stop loss of 30 as closing basis and hold it stock
for an upper target if 40-42 in short term.

2. Mr. Murali Krishna

Q. I am holding 4240 Central Bank shares at 21.15. Shall I hold or exit by booking loss. I m
holding from 29th June.
Answer: We have identified some bank stocks at lower levels due to their lower valuations. We recommended South
Indian Bank around 6-6.5 and after our recommendation it zoomed to 9.25 level. IOB, we recommended at 7.70,
zoomed 13.75 in a very short span of time. Karur Vysya Bank first time recommended at 29.4 zoomed to 37 levels.
DHANALAKSHMI BANK recommended many times between 9-10.5, zoomed 17.9 level. UCO BANK, BANK OF
BARODA also recommended at lower levels and given handsome returns in the short term. The Central Bank also
recommended with the same logic on 26th June at 19.25 and zoomed to 21.6. On 29th July again we recommended
CENTRAL BANK at 20.85 but unfortunately again other PSU BANKS, Central Bank posted poor numbers. Now it is
trading near 18 levels. It is only a short term call so try to exit near your cost and switch into other stock.

3. Mr. Vishal - Delhi

Q. I have 6000 shares of Adani Enterprises at 161. I was told that this might go to 180-190.
What should I do, should I hold or wait? Please guide me.
Answer: Stock is looking strong on the technical front. You can hold your position if your risk appetite permits with a
stop loss of 153 on closing basis. If the stock does not close below 153 and trade above 164 then expect a rally up
to 169 and 184 levels in the next 10-15 days.

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QUERY BOARD

4. Common Query
Q. We are stuck in Omaxe Ltd which was suggested by some other channels as well Mittal Life-
Style. Please suggest what to do now?
Answer: I have already told many clients not to follow such unregistered SEBI advisors as they are operator driven,
always avoid.

Normally we are not writing negatively for any stock but many times we have published a small note on MITTAL
LIFESTYLE. We clearly mentioned in our notes that fundamentally this stock deserves a price not more than 10-15.
You can check our notes by searching our past recommendation in the telegram channel. Aaditya Birla Fashion is in
trouble and they are launching a right issue to meet their financial demand and a mittal lifestyle share was running
every day. It was clearly a bull trap by some operators and they have been successful in their mission. We are not
surprised if the lower circuit trend will continue for a very long time.

Same happened with OMAXE. Operators have been successful in their mission. We are not expecting anything from
OMAXE also. If one can hold, exit at a loss when the circuit opens and please don’t be greedy for this kind of stocks.

5. Mr. Kiran Kumbar

Q. I bought 500 shares of Orient Electric at 197. Shall hold it for 204 targets or shall I sell now?
Please help me with this.
Answer: Sir, 5-10 Rupees movement is normal in stock market. If you can’t, see please don’t come to the stock
market or at least don’t trade for the short term otherwise you will bring mental conflict at home. You bought shares
at 107 and your stock is closed at 192.55. Its normal trading range. You bought for 7 rupees gains so your stop loss
should be around 3-4 rupees as per proper risk to reward model. You must follow it otherwise you will earn a small
penny 7-8 times and in 2 times you will lose all. As per technical, stock has strong support at 185. Keep stop loss of
185 and hold for target of 204-210 in next 5-7 days.

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QUERY BOARD

6. Mr. Kushank - Mumbai

Q. Hi team; I have 3000 shares of IDFC First Bank at an average of 34.59. Wanted to know if it
is good for a 3-5 year horizon?
Answer: IDFC First bank is one of the growing private sector banks in India led by dynamic V Vaidyanathan. We are
quite confident in the leadership of V Vaidyanathan Sir and he can grow the bank rapidly from here. IDFC First bank
has already entered in retail banking under his leadership but this is a tough time for retail bankers as most of retail
clients opt for moratorium. So the next 2-3 quarters will be challenging for the bank but when you talk for 3-5 years,
Bank may give good returns.

7. Mr. Vishal Pawar

Q. Sir, I have purchased New India Assurance 1000 quantity at Rs.119. It’s Q4 result was good.
Also I expect in the first quarter 2021 as lockdown there will be less claim settlement. Hence
Q1 result will also be strong. Fundamentals are looking good. Then why was there no up move
in this share? Also I can wait till Q1 results upto 30 September. What will be the target of stop
loss. Please guide me.
Answer: Sir we always believe that public sector companies do not compete with private sector companies. See
most public sector companies stock are trading at 5-10-15 year’s low price while private sector companies stock are
trading at higher price. New India Assurance reported strong numbers in Q4 as well as in FY20 but still price is not
moving which clearly indicates that big players are not interested in PSU insurance companies. They are only like
private insurance companies. Valuation wise stock is attractive so you can give atleast 2-3 months to this stock.
Keep stop loss of 105. If the stock closes above 125 then expect a rally up to 140 in 3 months.

8. Mr. Sarwan Raj - Kerala

Q. Can you advise on RBL Bank, I am holding at Rs.190.
Answer: Sir we are still in an uncertain time please don’t trade with this behaviour. Please use stop loss in every
trade. New investors who are coming into the market in lockdown have no experience in the market but remember
when uncertainty comes your all profit and even your hard earned money will lose in a single week or in a single
month. So it’s not a easy game. Few days back we strongly recommended RBL BANK between Rs113-130 and in a
month it zoomed to 200 level and you bought at that level. So ideally the risk to reward ratio was not in your favour.
Anyway, you can try to average between 170-160 with a stop loss of 155 and hold it for 2 months. We are expecting
again 200-210 levels from lower levels. Try to exit around that level.

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QUERY BOARD

9. Mr. Amob - Delhi

Q. I have 500 Orient Bell shares, please suggest me what should I do?
Answer: We are seeing euphoria in small cap stocks. No one wants to see fundamentals and be ready to buy each
and everything. Orient Bell’s business will be affected at least 2-3 quarters due to corona. It has reported poor
numbers for FY20 but still the stock price is running because everything is running. You can hold your position with
a strict stop loss of 70 and if the stock price rises from current price keep trailing your stop loss on the higher side.

10. Mr. Ajay - Delhi

Q. Hi I want to know about ZEE LEARN…based on your call. I bought ZEE LEARN shares and
booked 10k profit. But still holding some shares at an average price of 18.72. Should I hold or
sell off with loss?
Answer: Sir, we had not recommended ZEE LEARN at Rs.18.75. We recommended ZEE LEARN at Rs.13.5-14 levels
and after our recommendation it made a high of 19.80 and on the higher side we only recommended book profit
not buy. This is affected business by COVID19 and this group is now not reliable in retail investors. You can hold your
holding with a stop loss of 14.4. If stock does not break 14.4 and trades above 17 then stock may touch again 19-20
levels in short term. So you can follow these levels.

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Date: 06/07/2020

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DISCLOSURE & DISCLAIMER

Disclosure:
Authors and the names subscribed to this report, hereby cer�fy that all of the views expressed in this research report accurately reflect
our views about the subject issuer(s) or securi�es. We also cer�fy that no part of our compensa�on was, is, or will be directly or
indirectly related to the specific recommenda�on(s) or view(s) in this report. Research Analyst or his/her rela�ve or Equity99 Ltd. does
not have any financial interest in the subject company. Also Research Analyst or his/her rela�ve or Equity99 Ltd. or its Associate may
have beneficial ownership of 1% or more in the subject company at the end of the month immediately preceding the date of publica�on
of the Research Report. Further Research Analyst or his/her rela�ve or Equity99 Ltd. or its associate does not have any material conflict
of interest. Any holding in stock – No.

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