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Equity Research Report 12 October 2015 Ways2Capital .pdf


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TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
Nifty futures/Bank Nifty futures market closed on 7974 / 17235 . According to technical analysis if Nifty futures
and Bank Nifty future moves down-word in tomorrow treading session then 7920 will be small support for Nifty
futures and 17057 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go
down to 7775 level and Bank Nifty futures can touch 16747 level in next few days. It will be hard support for
Nifty futures and Bank Nifty futures. Meanwhile in up trend there is small resistance on 8048 for Nifty futures and
17515 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on
8117 and 18043 for Bank Nifty futures.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY

R2
8491

R1
8298

PP
8202

S1
8105

S2
7913

WEEKLY

R2
8816

R1
8379

PP
8161

S1
7943

S2
7506

MONTHLY

R2
9027

R1
8433

PP
8137

S1
7840

S2
7246

DAILY

R2
18411

R1
17913

PP
17664

S1
17415

S2
16917

WEEKLY

R2
19131

R1
18124

PP
17620

S1
17116

S2
16108

MONTHLY

R2
19627

R1
18277

PP
17602

S1
16927

S2
15577

BANK NIFTY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

7947

8097

8222

8395

BANK NIFTY

17172

17557

17945

18403

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY
BANK NIFTY

7825
17186

8372
18356

8768
20335

NSE EQUITY DAILY LEVELS
COMPANY NAME

R3

R2

R1

PP

S1

S2

S3

ACC

EQ

1443

1400

1374

1358

1331

1315

1272

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
SBIN
SSLT( VEDL)
SUNPHARMA
TATAMOTORS
TATAPOWER
TATASTEEL
UNIONBANK

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
220
937
517
2552
198
158
213
357
712
368
149
4380
321
3770
879
1335
1116
2624
89
860
299
351
990
1232
78
674
1601
1317
44467
4581
273
158
81
403
939
383
49
258
122
953
255
73
270
199

80
214
899
504
2505
191
151
208
352
699
353
144
4321
316
3712
861
1312
1101
2595
86
839
292
347
966
1195
74
666
1575
1296
43097
4446
268
152
78
391
915
374
48
251
111
931
249
72
259
191

79
211
876
497
2477
186
148
205
349
694
344
142
4289
313
3677
855
1302
1094
2580
85
828
289
345
953
1181
71
663
1560
1284
42235
4361
266
148
76
384
901
369
47
247
107
918
247
71
255
186

78
209
861
492
2458
184
145
203
346
686
339
140
4262
310
3654
844
1288
1087
2566
84
819
284
342
943
1158
70
658
1549
1275
41727
4311
263
146
75
380
891
365
46
243
100
910
244
70
248
183

77
206
838
485
2430
179
141
199
344
681
330
137
4230
308
3619
838
1278
1079
2551
82
808
281
340
930
1144
68
654
1534
1263
40866
4226
261
142
74
373
877
360
45
240
96
897
241
69
244
178

76
203
823
479
2410
176
138
197
340
674
325
135
4203
304
3595
827
1265
1072
2537
81
799
277
338
920
1121
66
650
1523
1254
40357
4176
258
140
72
368
867
356
44
236
90
888
238
68
238
175

74
197
785
467
2363
169
132
192
335
661
311
131
4144
299
3537
809
1241
1057
2508
78
778
270
333
867
1084
62
642
1497
1233
38987
4041
253
134
70
357
843
347
43
229
79
866
233
66
227
168

TOP 15 ACHIEVERS
PREV
CLOSE

CMP

HEG LTD
TATA STEEL

138.45
201.40

192.50
247

SHAKTI PUMPS
JINDAL STEEL & PWR

123.60
58.50

151.50
71.65

FUTURE RETAIL
PC JEWELLER LTD

120.40
343

147.15
414.70

288.75
219.70

348.15
264.50

RCOM
RAJESH EXPORTS

63.95
555.20

76.55
658.80

VEDANTA
GATI LTD

86.20
137.30

101.90
162

UNITECH LTD
CAIRN INDIA

6.20
145.10

7.30
169.65

ONGC

226.40

263.50

SR.NO

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

SCRIPT NAME

TATA MOTORS
THIRUMALA CHEM,

//
% CHANGE

TOP 15 LOOSERS

SR.NO

SCRIPT NAME

+39.04

1

+22.65

2

+22.57

3

+22.48

4

UNITED NILGIRI
TEA
VARDHAMAN
TEXTILES
EROS
INTERNATIONAL
TVS ELECTRONICS

+22.22

5

+20.90

6

+20.57

7

+20.39

8

+19.70

9

+18.66

10

+18.21

11

+17.99

12

+17.74

13

+16.92

14

+16.38

15

PREV CLOSE

CMP

% CHANGE

332.20
924.80

296.50
835.10

-10.75
-9.70

532.90
103.90

484.70
96.20

-9.04
-7.41

MARUTI SUZUKI
MINDTREE LTD

4682.30
1516.15

4357.15 -6.94
1448
-4.49

GUJ APOLLO
INDUS
DISH TV INDIA LTD

126
110.30

120.80
106.70

649.95
1120

627.25 -3.05
1090.60 -2.63

CHOLAMANDALA
M
VARDHAMAN
HOLDING

-4.13
-3.26

GUJARAT GAS
505.05
VEDEOCON INDUS 141.20

493.05
137.85

-2.38
-2.37

TEC MAHINDRA
LTS
SOM DISTILLERIES

570.40
200.35

559.85
196.70

-1.85
-1.82

IDBI BANK

81.50

80.05

-1.78

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

ONGC FUTURE : ONGC OPEN AT 260.90.IT GIVES MOVEMENT IN UPPER SIDE TODAY.ON
DAILY CHART OF ONGC IT MOVES IN BULLISH TREND SHOWS CONINOUS UPPER SIDE
MOVEMENT WE CAN MADE LONG POSTION IN ONGC FUTURE ABOVE 267 TGT 280 SL 259.

2.

TATA STEEL FUTURE : TOAY TATA STEEL OPEN AT 242.25.TODAY TATA STEEL MOVES IN
BULLSIH TREND REACH ON LEVEL OF 249. ON DAILY CHART OF TATA STEEL SHOW
CONTINOUS UPPER SIDE MOVEMENT WE CAN MADE LONG POSTION IN TATA STEEL
ABOVE 254 TGT 274 SL 247.

3.

RECLTD FUTURE : RECLTD FUTURE OPEN AT 271.TODAY IT SHOWS BEARISH TREND. ON
DAILY CHART OF RECLTD UTRE SHOWS BEARISH TREND WE CAN MADE SHORT POSTION
IN RECLTD BELOW THE LEVEL OF 262 TGT 240 SL 275

4.

HINDALCO FUTURE : HINDALCO OPEN AT 83.15.TODAY HINDALCO SHOWS UPPER SIDE
MOVEMENT.ON DAILY CHART OF HINDALCO SHOW UPPER SIDE MOVEMNT WE CAN
MADE LONG POSTION IN HINDALCO ABOVE 88 TGT 94 SL 83.

5.

VEDL FUTURE : TODAY VEDL OPEN AT 94.90.TODAY VEDL SHOWS BULLISH TREND
REACH ON THE LEVEL OF 104 .ON DAILY CHART OF VEDL ALSO SHOWS BULLISH TREND.
WE CAN MADE LONG POSITION IN VEDL ABOVE THE LEVEL OF 106 TGT 120 SL 98.

6.

HINDALCO : HINDALCO GAINED ABOUT 25 % LAST WEEK. LONG POSITION CAN BE
MADE IN IT ABOVE 86 FOR THE TARGET OF 92 WITH SL OF 80.

7.

FRL : FRL GAINED 20% LAST WEEK, IF IT TRADES ABOVE 150 THEN IT MAY TEST LEVEL
OF 165/178.LONG POSITION CAN BE MADE ABOVE 152 FOR THE TGT OF 170 WITH SL OF
135.

8.

SUZLON : SUZLON GAINED 15% LAST WEEK AND MADE HIGH OF 23.50. LONG POSITION
CAN BE MADE ABOVE 25 FOR THE TARGET OF 29.75 WITH SL OF 22.65.

9.

VEDL : VEDL GAINED ABOUT 15% LAST WEEK AND THIS UPWARD MOMENTUM MAY
CONTINUE . LONG POSITION CAN BE MADE ABOVE 105 FOR TGT OF 115 WITH SL OF 95.

10. IDEA : IDEA GAINED ABOUT 14% LAST WEEK AND MADE HIGH OF 160.25.LONG POSITION
CAN BE MADE IN IT ABOVE 160.50 FOR TGT OF 171 WITH SL OF 150.

NSE - WEEKLY NEWS LETTERS
TOP NEWS OF THE WEEK
✍ C- Corporation CREDAI appeals to CCI against cement cartel - The Confederation of
Real Estate Developer's Associations of India (CREDAI) has appealed to Competition
Commission of India (CCI) against cement manufacturers who have increased the prices of
cement. Recently, CREDAI NCR has banned cement manufactured by companies like
Ultratech, Lafarge and others for arbitrarily increasing the price of cement per bag by 30-40%.
On an appeal by CREDAI in 2012, CCI had held the cement manufacturers have formed a
cartel. In June 2012, CCI has penalised top cement manufacturers with a combined fine of Rs
6,000 crore on the charges of cartelisation leveled by CREDAI. Lafarge, UltraTech, ACC,
Ambuja Cements, JK Cement, Madras Cements and India Cements among others were
penalised. These companies denied the charges and petitioned the Competition Appellate
Tribunal, where the matter is still pending. CREDAI is of the view that despite sluggish
demand for cement from real estate developers and infrastructure companies, the price of
cement per bag has been increased arbitrarily. This has lead to increase cost in realty projects,
which is ultimately passed on to the common man. CREDAI also highlighted CCI’s order dated
June 20, 2012 wherein CCI has directed cement manufacturers to 'cease and desist' from
anti-competitive practices.
✍ Jet Airways gains 2.3% after fare cuts on overseas routes - Jet Airways jumped zoomed
2.3% at Rs. 329.40 after the airline company announced a special attractive offer on Economy
and Premiere fares, for its guests travelling on the airline’s international network This offer is
also valid for travel in conjunction with Etihad flights over Abu Dhabi gateway for Middle
East, Europe, North America and Australia, and will offer guests attractive discounts of up to
30% on base fares The scrip opened at Rs. 324.3 and touched a high and low of Rs. 334.95 and
Rs. 322.6 respectively. A total of 1887144(NSE+BSE) shares were traded on the counter. The
current market cap of the company is Rs. 3657.35 crore. The BSE group 'A' stock of face value
Rs. 10 touched a 52 week high of Rs. 543.5 on 02-Feb-2015 and a 52 week low of Rs. 208.4 on
08-Oct-2014. Last one week high and low of the scrip stood at Rs. 340.7 and Rs. 310.5
respectively. The promoters holding in the company stood at 51 % while Institutions and
Non-Institutions held 15.46 % and 33.54 % respectively. The stock traded above its 200 DMA.
✍ Intex to invest Rs. 1,000 crore to set up manufacturing unit at Greater Noida Sistema Shyam Teleservices is planning to launch its Internet calling plans today, encouraging

customers to make national and international call using OTT (over the top) voice service
offered by Skype, WhatsApp, Viber, Google Chat, Messenger or FaceTime. According to
reports, CDMA operator's subscribers would pay 50-75% less using VoIP apps for national and
international calling as compared to the calls charges of traditional telephony. This move comes
against the background of top telecom operators like Airtel, Vodafone, Idea Cellular accusing
OTT voice service providers of crushing their voice calling business and concerns about Net
Neutrality. Top telcos, opposing the VoIP calling apps, had asked telecom department to
regulate internet calls. Sistema executive was quoted as saying, “Recommended restriction on
calls made using VoIP services would only apply ‘to Internet service providers’, and not regular
mobile operators holding unified licences.” Sistema Shyam plans to offer Internet calling
service as a unified permit holder. Among Sistema Shyam's latest Internet calling plans, a
prepaid user opting for a 5GB data plan at Rs 499 will be able to make more than 83 hours of
Internet calls over a 28-day period. Postpaid users opting for a 10GB data plan can make
double that of Internet calls.
✍ Jet Airways announces global sale with attractive fares - Ahead of the festive season, Jet
Airways, India's premier international airline, today announced a special attractive offer on
Economy and Premiere fares, for its guests travelling on the airline’s international network. The
6 day special fare offer for sale is effective from October 05, 2015 through to October 10, 2015,
and valid for travel from October 5, 2015 onwards on all Jet Airways flights aligned with
Etihad Airways and also on Jet Airways direct flights.These special fares are on offer for travel
onboard Jet Airways’ operated international flights to destinations in the Gulf, SAARC,
ASEAN, Europe, U.S. and Canada regions. This offer is also valid for travel in conjunction
with Etihad flights over Abu Dhabi gateway for Middle East, Europe, North America and
Australia, and will offer guests attractive discounts of up to 30% on base fares. Gaurang Shetty,
Sr. Vice-President, Commercial, Jet Airways, said: "Jet Airways’ guests can now avail of this
very attractive global fares offer to plan their international travel and experience our airlines'
exceptional services, unmatched global network, flexible schedules and enhanced connectivity.
We are indeed pleased to offer our guests a choice of over 140 international destinations
onboard Jet Airways’ flights and that of its partner airlines. I am confident that this promotion
will be popular with our guests while they celebrate the festive season and new year with
family and friends”.
✍ Sebi wants mutual funds to lower costs - To safeguard investors' interest and help them
maximize returns, markets regulator SEBI is set to tighten norms for mutual funds by asking

them to reduce the cost of investments and be more vigilant about risky assets. The watchdog
also wants fund houses to improve their disclosure regime and make it simpler for investors by
doing away with the current practice of having too many schemes. A slew of proposals are
being discussed in this regard by Sebi's advisory committee on mutual funds, and a final
decision will be taken soon by the regulator on the basis of recommendations of this panel, a
top official said.

Top Economy news
Germany offered 2bn Euros to the Indian government for developing a clean energy corridor
and solar projects even as both sides agreed to resume the talks for the India-European Union
trade pact.
Improved investor sentiment and resilience to external shocks are expected to increase India's
GDP growth rate to 7.5% during 2015-16 and further to 7.8% in the next fiscal year, predicts
the World Bank.
Government said revenue collection will fall short by Rs500bn but expressed confidence that
economic growth will exceed 7.5%, with fiscal deficit remaining within the budgeted target.
The Sagarmala Project, aimed at port-led development in coastal areas, is bound to boost the
country's economy and the government has lined up about Rs700bn for its 12 major ports,
Union Minister said.
Government collected Rs 41.5bn during the 90-day black money disclosure compliance
window, which is higher than the previously announced amount of Rs37.7bn, Revenue
Secretary said.
National Bank for Agriculture and Rural Development has sanctioned Rs21.1bn to the Gujarat
government under Rural Infrastructure Development Fund for the 'Saurashtra Narmada
Avataran Irrigation' yojna that will firm up irrigation potential over an area of more than 60,000
hectares in Gujarat.
The government has embarked on global road shows at four locations, including the US and the
UK, to attract investments for its big-ticket stake sale in the country's largest power producer
NTPC and BEL that may fetch around Rs 66bn to the exchequer.

Prime Minister expressed the hope that Goods and Services Tax will be rolled out in 2016.
For every US$100 needed for protection, only US$7.8 of saving and insurance is in place for a
typical Indian household, leaving a massive mortality protection gap of US$92.2, says a study
by Swiss Re.
Finance Minister has indicated a rational tax rate for individuals and bringing down of
corporate tax to 25% flat in four years beginning next fiscal along with removal of exemptions
except those that encourage individual savings.
37 consulting firms have been assigned for preparing action plans for the 88 cities proposed to
be developed as Smart Cities.
The Union government has approved mechanization of three Berths at the Paradip Port at an
estimated cost of Rs 14.38bn through private investment.
The Centre cleared a proposal to give 78-day wages as productivity-linked bonus to over 1.2
mn railway employees for the fiscal 2014-15, the same as in the last three years, despite the
financial crunch.
Investors pulled out over Rs. 770bn from mutual fund schemes in September, making it the
highest outflow in six months, with liquid and money markets contributing the most to the
outflow.
India approved protocols amending tax pacts with Israel and Vietnam to include effective
sharing of bank information, a move aimed at dealing with the menace of black money.
India is looking to muscle up its trade with Latin America through focused trade pacts
including one with Chile which will be announced soon, Commerce Secretary said.
At least six insurance companies have evinced interest in raising the stake of their foreign
partners from present 26% to 49%, Insurance Regulatory and Development Authority
Chairman said.


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