08 August Weekly Equity Report by Money Maker Research

equity weekly update Weekly Update- The Sensex rose 248.62 points or 0.89% to settle at 28,051.86, in the week ended 29 July 2016. The
Nifty 50 index gained 97.30 points or 1.14% to settle at 8,638.50. The BSE Mid-Cap index gained 3.13%. The BSE Small-Cap index rose 1.67%. Both these indices outperformed the Sensex. According to reports, the government on Friday, 29 July 2016, listed the much- awaited GST bill for consideration and passage in Rajya Sabha’s agenda for the next week.a

Nifty Resistance- R1 8703 R2 8767 R3 8925 R4 9082
Nifty Support-   S1 8445 S2 8452 S3 8295 S4 8137

Range For the week- 9000-8500
Strong Support-        8586-8066
Strong Resistance-   9266-8786

Event this week –
Manufacturing production GBP 09 Aug 2016
Unemployment Claims USD 11 Aug 2016

Weekly stocks Recommendation:- Ajanta pharma
Ajanta pharma shows good for buying as CCI is sustaining above 100 levels with MACD and KST are giving buying crossover supported by RSI and ADX thus we can BUY over 1842 and IT May achieve that target of 1867-1872

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