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Equity Research Report 28 September 2015 Ways2Capital .pdf



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TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
Today nifty future and bank nifty future future open at 7879/ 17308 and made high of 7933/ 17382 and low of
7832/ 17173 overall todays trend of nifty and bank nifty is bullish trnd. Nifty future and bank nifty future close at
7895/ 17295 we can make long postion in nifty future and bank nifty future. It conitnue in bullish trend above the
level of 7887 in nifty and 17283 in bank nifty. According to technical analysis if nifty futures and bank nifty future
moves up trend in tomorrow treading session then 7965 will be small resistance for nifty futures and 17443 for
bank nifty futures. If it break this level then then nifty futures can go to 8140 level and bank nifty futures can touch
17805 level in next few days. It will be hard resistance for nifty futures and bank nifty futures. Meanwhile in down
trend there is small support on 7813 for nifty futures and 17129 for bank nifty futures after breaking this level with
volume nifty will take support on 7735 level and bank nifty futures can touch level of 16760.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY

R2
8190

R1
7988

PP
7887

S1
7786

S2
7583

WEEKLY

R2
8808

R1
8202

PP
7889

S1
7596

S2
6990

MONTHLY

R2
9355

R1
8359

PP
7861

S1
7363

S2
6367

DAILY

R2
17910

R1
17492

PP
17283

S1
17074

S2
16656

WEEKLY

R2
19959

R1
18181

PP
17292

S1
16403

S2
14625

MONTHLY

R2
22519

R1
18821

PP
16972

S1
15123

S2
11425

BANK NIFTY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

7847

8183

8241

8405

BANK NIFTY

16817

17807

17990

18447

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY
BANK NIFTY

7746
16538

8483
18707

8888
20614

NSE EQUITY DAILY LEVELS
COMPANY NAME

R3

R2

R1

PP

S1

S2

S3

ACC

EQ

1439

1393

1368

1346

1322

1300

1253

ALBK
AMBUJACEM
ASIAN PAINT
AXISBANK
BAJAJ-AUTO
BANKBARODA
BANKINDIA
BHEL
BHARTIARTL
CIPLA
COALINDIA
DLF
DRREDDY
GAIL
GRASIM
HCLTECH
HDFC
HDFCBANK
HEROMOTOCO
HINDALCO
HINDUNILVR
ICICIBANK
ITC
INDUSIND BANK
INFY
JINDALSTEL
KOTAKBANK
LT
M&M
MRF
MARUTI
ONGC
ORIENTBANK
RCOM
RELCAPITAL
RELIANCE
RELINFRA
RPOWER

EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ
EQ

82
215
859
536
2384
197
142
213
347
668
345
133
4092
332
3542
1009
1238
1110
2485
78
808
282
337
990
1220
65
692
1542
1290
42652
4793
250
137
67
389
866
363
44
246
103
918
326
72
229
189

79
211
830
524
2327
192
139
205
340
656
333
130
4030
313
3491
978
1205
1075
2438
76
795
276
328
954
1177
62
672
1497
1255
41980
4673
240
134
66
368
853
349
43
243
99
905
315
68
223
184

78
209
818
519
2303
189
137
202
336
650
326
128
3998
303
3464
967
1193
1063
2409
75
789
272
325
941
1159
61
664
1480
1241
41746
4624
233
132
65
361
844
343
42
241
97
897
309
67
219
182

77
206
801
512
2270
187
135
197
334
644
321
126
3967
293
3440
947
1172
1041
2390
74
782
269
319
918
1134
59
653
1470
1219
41309
4554
229
131
64
350
839
335
41
239
95
893
305
64
216
179

75
201
789
507
2246
184
133
194
330
639
314
125
3936
283
3413
936
1160
1028
2361
73
776
265
316
905
1116
58
644
1452
1206
41075
4505
223
129
63
343
831
329
40
237
93
885
298
63
212
177

74
202
773
500
2213
182
131
190
327
633
308
123
3905
273
3389
916
1139
1006
2343
72
770
262
310
883
1091
57
633
1442
1184
40638
4435
219
127
62
332
826
321
39
236
90
880
294
61
210
175

72
199
744
488
2156
177
128
182
321
621
296
120
3842
254
3338
885
1106
971
2296
71
757
256
302
847
1049
56
613
1415
1148
39967
4316
208
124
61
314
813
307
38
232
86
867
284
58
204
170

SBIN
SSLT( VEDL)
SUNPHARMA
TATAMOTORS
TATAPOWER
TATASTEEL
UNIONBANK

TOP 15 ACHIEVERS
PREV
CLOSE

CMP

IDBI BANK LTD
JP ASSOCIATES LTD

56.65
9.20

73.90
11.60

ARTI INDUS LTD
SOUTH INDIAN BANK

415.15
20.05

492.35
23.50

WALCHANDNAGAR
TORRENT POWER LTD

128.00
156.60

149.10
181.60

RAJESH EXPORTS LTD 426.75
NCC
56.85

488.45
64.90

+14.16

8

CADILA
HEALTHCARE
MINDTREE LTD

1794.45
1374.80

+13.62
2038.80
1560.30 +13.49

9

KAJARIA CERAMICS
PIFZER LTD

702.75
2292.15

+12.35
789.55
2573.25 +12.26

12

UCO BANK
DCB BANK

41.70
127.70

46.70
141.90

+11.99

13

+11.12

14

IDFC LTD

128.05

140.70

+9.88

15

SR.NO

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

//

SCRIPT NAME

% CHANGE

SR.NO

+30.45

1

+26.09

2

+18.60

3

+17.21

4

+16.48

5

+15.81

6

+14.46

7

10
11

TOP 15 LOOSERS
SCRIPT NAME

PREV CLOSE

GUJARAT GAS
AMTEK AUTO LTD

646
52.40

533.55
45.20

-17.41
-13.75

KAYA LTD
PC JEWELLERS

1207.95
387.90

1049.70
345.85

-13.10
-10.84

EMAMI LTD
ADANI PORTS

1218.65
332.80

1095.75 -10.08
301.85 -9.30

SE INVESTMENTS
TATA MOTORS LTD

275.05
334.10

249.60
303.40

-9.25
-9.19

DEWAN HOUSING
NMDC LTD

221.25
102.15

204.60
94.75

-7.53
-7.24

BAJAJ FINANCE
LTD
JSW STEEL
CORPORATION
BANNK
BAJAJ FINSERV
LTD
TORRENT
PHARAM

CMP

% CHANGE

5246.95
947.45

4868.10 -7.22
880.30 -7.09

47.50
1874.35

44.15
-7.05
1744.90 -6.91

1502.40

1400.70

-6.77

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )
1.

DISHTV FUTURE : DISHTV FUTURE OPEN AT 114.45 CLOSE AT 114.05 MADE HIGH OF 115.95
AND LOW OF 113.80 WE CAN MADE LONG POSTION IN DISHTV FUTURE ABOVE THT
LEVEL OF 116 TGT 122 SL 113.

2.

IDFC FUTURE : IDFC FUTURE OPEN AT 136.95 CLOSE AT 140.70 AND MADE HIGH OF 141.90
LOW OF 136.60. TODYAS TREND OF IDFC IS IN BULLISH TREND. WE CAN MADE LONG
POSTION IN IDFC ABOVE THE LEVEL OF 142.50 TGT 150 SL 137.

3.

LUPIN FUTURE : LUPIN OPEN AT 1948.80 AND CLOSE AT 1988.55 MADE HIGH OF 2000.20
AND LOW OF 1948.80 ON DAILY CHART OF LUIPN STRONG RESISTENCE BREAK AT THE
LEVEL OF 1950 WE CAN MADE LONG POSTION IN LUPIN ABOVE THE LEVEL OF TODYS
HIGH OF 2000 TGT WILL WE 2080 SL 1940.

4.

INDUSIND BANK FUTURE : INDUSIND FUTURE OPEN AT 910.50 CLOSE AT 925.95 MADE
HIGH OF 936 AND LOW OF 895.50.TODAYS MOVMENT OF INDUSIND BAND IS IN BULLISH
TREND WE CAN MADE LONG POSTION IN IT ABOVE THE LEVEL OF 936 TGT WILL WE 980
SL 900.

5.

VAKRANGEE ( CASH ) : VAKRANGEE NSE CASH GAINED 15% THIS WEEK AND MADE
HIGH OF 129.50. IF IT BREAKS THIS LEVEL THEN MORE UPSIDE MOMENTUM CAN BE
SEEN. LONG POSITIONS CAN BE MADE ABOVE THE LEVEL OF 129.50 WITH TARGET OF 135
AND SL OF 125.

6.

DCB BANK ( CASH ) : DCB BANK NSE CASH GAINED 9.5% THIS WEEK , IF IT CONTINUES
TO TRADE ABOVE 142.50 THEN THE LEVELS OF 150 POSSIBLE .LONG POSITION CAN BE
MADE WITH TARGET OF 150 AND SL OF 135.

7.

SUNTV ( CASH ) : IN SUNTV LONG POSITION CAN BE MADE ABOVE 381.50 LEVEL WITH
TARGET OF 399 AND SL OF 365.

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK
✍ SEBI probing price manipulation in Castex Tech : Report - Capital market regulator
SEBI has reportedly started a probe into auto parts maker Castex Technologies, after investors
alleged it manipulated its stock price to trigger the conversion of bonds into equity. Castex’s
stock price more than quadrupled in the quarter ending June, triggering the mandatory
conversion of US$130mn of bonds into company’s equity. Its shares subsequently plunged,
sparking concerns about a possible manipulation of share prices. The stock soared from April to
June but lost 90% of their value from a peak of INR 363.10 on 13th July. Last week, Castex
denied in a stock exchange filing that it had engaged in "unfair practices". London-based law
firm Quinn Emanuel Urquhart & Sullivan is representing the Castex bondholders.
✍ Tata Steel raises Rs. 41bn via sale of non-core assets - Tata Steel has raised more than
INR 4,100 crore through the sale of non-core assets so far in FY16 as part of efforts to cut its
debt burden. Last week, it sold 1.33 per cent stake in Tata Motors to institutional investors for
INR 1,250.69 crore. It also sold a similar stake in Tata Motors to Tata Sons for INR 1,249.99
crore as part of portfolio restructuring. This is over and above the INR 1,000 crore that it raised
in the April-June quarter through equity liquidation and INR 637.46 crore in August by selling
stake in Titan. In all, Tata Steel has raised around INR 4,138.01 crore since April. During an
investor call in August, Tata Steel’s Group Executive Director (Finance and Corporate)
Koushik Chatterjee said that the company in the last 5-6 years had raised ~INR 15,000 crore
through the monetisation of strategic, non-core and listed assets.
✍ Shree Renuka Sugars climbs 0.8%; promoters to sell share - Shares of Renuka Sugars
Ltd ended higher by 0.8% to Rs. 7.52 on reports that three promoters of the company have
together pledged 14.45% of their shares in the company as a security for loan taken by a
subsidiary firm. The stock opened at Rs.7 as against the previous close of Rs. 7.46 on BSE. It
has hit a high of Rs.7 and a low of Rs.7.39 on BSE today. Total traded quantity on the counter
stood at 2 lk shares on BSE
✍ Reliance Inds slips 1.2% after block deal - Shares of Reliance Industries were trading
lower 1.2% at Rs. 867 on NSE today. Around 2 lakh shares were traded in a single block at Rs.

874.50 on the BSE. The stock hit a high of Rs. 884.45 and low Rs. 865.85 and the quantity that
was traded was 2.97 lk.
✍ Torrent Power's plants may get gas subsidy; up 2% - Shares of Torrent Power were
higher by 3% to Rs. 168 after reports said that its gas-based power plants will get government
subsidy on use of re-gasified liquefied natural gas ( RLNG) for six months from October to
March. The stock opened at Rs.166 as against the previous close of Rs. 164 on BSE. It has hit a
high of Rs.170 and a low of Rs. 166 on BSE today. Total traded quantity on the counter stood at
over 0.34 lk shares on BSE.
✍ Shree Renuka Sugars climbs 0.8%; promoters to sell share - Shares of Renuka Sugars
Ltd ended higher by 0.8% to Rs. 7.52 on reports that three promoters of the company have
together pledged 14.45% of their shares in the company as a security for loan taken by a
subsidiary firm. The stock opened at Rs.7 as against the previous close of Rs. 7.46 on BSE. It
has hit a high of Rs.7 and a low of Rs.7.39 on BSE today. Total traded quantity on the counter
stood at 2 lk shares on BSE.
✍ Dena Bank launches MUDRA Card - Dena Bank, India’s trusted bank, launched MUDRA
Card in a function organized at Head Office on 19thSeptember. The programme was presided
over by Ashwani Kumar, Chairman & Managing Director, Dena Bank; Trishna Guha,
Executive Director; and R K Takkar, Executive Director. Ashwani Kumar, CMD has handed
over MUDRA Cards to 09 Pradhan Mantri MUDRA Yojana (PMMY) beneficiaries. While
interacting with the media, Ashwani Kumar, CMD has emphasized the need of popularizing
MUDRA Loans which has been launched by Honorable Prime Minister on 08th April 2015
with the purpose of “Funding the Unfunded”. Ashwani Kumar informed that, Bank has already
sensitized the field functionaries for extending finance under Shishu, Kishore & Tarun
segments of MUDRA Loans. Dena Bank has been assigned target of Rs 605 crores by GoI for
financing under Pradhan Mantri MUDRA Yojana (PMMY). Dena Bank has already started
financing under the scheme and up to 18.09.2015 Bank has extended MUDRA loans to 9,128
borrowers amounting to Rs 166.54 crores. Banks has planned to arrange Special Credit Camps
all over India during 25.09.2015 to 02.10.2015 for extending MUDRA loans, with special
emphasis on hishu Category.

✍ L&T Finance sells 5.3% to Bain Capital - L&T Finance Holdings sold 5.27 per cent
promoter stake to leading private equity firm Bain Capital through an issue of preferential
shares and warrants for about Rs. 708 crore, says report Report says that the company's board is
planning to raise capital (Rs 707.87 crore) by way of preferential issue of eligible securities and
warrants to Bain Capital Investments VI and Bain Capital Asia Growth Investments The
company would issue an aggregate of 9,56,57,961 equity shares and warrants at Rs 74 per
share/warrant, says report.
✍ State Bank of Mysore cuts Base Rate by 10 bps to 9.90% - State Bank of Mysore has
informed BSE that the Bank has revised downward the Base Rate of the Bank from 10% to
9.90% to be effective from September 21, 2015. The Bench-Mark Prime Lending continues to
be at the same level of 15%. On Saturday, YES BANK has reportedly reduced rates on some
term deposits by 25 bps while Vijaya Bank is said to have reduced rates on some bulk deposits
by 25 bps.
✍ Rajesh Exports plans to market designer jewellery in European and American markets
- Rajesh Exports has developed a special range of designer jewellery suitable to the local
European and American markets. The company said that with the acquisition of Valcambi, the
company has one of the strongest global brands to support its distribution process to the high
end stores of Europe and North America. REL will be dispatching the range of specially
produced designer jewellery to Valcambi and Valcambi through its extensive marketing
network and by utilising the strog brand value commanded by its products will be in a position
to distribute the designer jewellery produced by REL to the high end European and North
American markets. Rajesh Exports had acquired Valcambi in July 2015.The stock of the
company closed up 3.3% at Rs. 419.The stock hit a high of Rs. 422 and low of Rs. 394 on BSE
today. The total traded quantity was 1.99 lakh shares and two-week average quantity is 2.50
lakh.
✍ ShopClues targets Rs. 1,500 cr in sales this Diwal - ShopClues.com expects to sell
merchandise worth INR 1,500 crore between October and November, which will be nearly ten
times over the sales clocked during last year's Diwali season. The online retail marketplace, run
by Gurgaon-based Clues Network Pvt. Ltd., is also targeting an annualized GMV of US$1.2
billion by the end of March 2016. ShopClues.com currently has a run rate of
US$550mn. ShopClues.com, which recently touched a seller base of 250,000, was founded by

Sandeep Aggarwal, Radhika Aggarwal and Sanjay Sethi in 2011. Shop Clues.com currently
gets about one-fourth of its business from home and kitchen products. ShopClues.com currently
gets more than 60 million monthly visitors on its web site and has more than 30 million listed
products.
✍ Amtek Auto in talks with banks to restructure debt; up 1% - Amtek Auto Ltd is
currently trading at Rs. 46, up by 1% from its previous closing of Rs. 45.85 on the BSE. The
company has Clarified that it is in advanced discussions with various Banks and Financial
Institutions for re-alignment of its debt obligations. The scrip opened at Rs. 44.65 and has
touched a high and low of Rs. 47.6 and Rs. 44.25 respectively. So far 4197110 shares were
traded on the counter. The current market cap of the company is Rs. 1030.5 crore. The BSE
group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 242.95 on 22-Sep-2014
and a 52 week low of Rs. 25.2 on 04-Sep-2015. Last one week high and low of the scrip stood
at Rs. 55.45 and Rs. 41.5 respectively. The promoters holding in the company stood at 48.98 %
while Institutions and Non-Institutions held 35.3 % and 15.72 % respectively. The stock is
currently trading above its 200 DMA.
✍ Dai-ichi plans to boost investment in Indian insurance biz - Dai-ichi, Japan's largest life
insurer, is planning to grow its investment in India. The company, which is present in India
through a JV with Bank of India and Union Bank of India, also said that it was keen to increase
its shareholding in the JV."I think right now it is the period of adjusting the life insurance
industry in the country," Dai-ichi Life Insurance Company's global president Koichiro
Watanabe has been quoted as saying. Dai-ichi wants to be among the top five life insurers in
the world by 2020. The company is currently in the last stage of discussion for further
investment plan in India. “The life insurance sector in India is full of growth potential. It is due
to the strong structure, demographic condition and socio-economic condition prevailing in the
country. So, I am of the firm belief that the industry here will grow like anything in future,"
Watanbe said.
✍ CarTrade plans to acquire CarWale - Online automobile classifieds firm CarTrade is in
talks to acquire rival CarWale Group for about $120 million, or approximately Rs 790 crore,
according to reports Report says that the formal announcement is expected to come in a few
weeks CarTrade promoter Vinay Sanghi declined to confirm the development. If the deal is
struck, this would be the second big consolidation in the automobile classified space, says
report.


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