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Equity Research Report 11 January 2016 Ways2Capital .pdf



Original filename: Equity Research Report 11 January 2016 Ways2Capital .pdf
Title: TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

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TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : - The Market has kick-started First Trading week of 2016 on lower note. The Nifty
slipped 171.90 points or 2.16 percent at 7791.30. The Nifty50 came under pressure to break below its
crucial support level of 7,800. After weak Chinese manufacturing PMI readings sparked selling across
Asian currencies. Chinese yuan dropped to a fresh five-year low against the US dollar in morning trade
after China said manufacturing PMI contracted. Most other Asian cracked in trade after weak Chinese
manufacturing data signaled a further weakening in the world's second largest economy. We are seeing a
strong support zone around 7600-7550 levels. If Nifty manages to hold this zone then we may witness an
immediate bounce towards 7750-7800 levels. On Thursday There was another sell-off in China, down over
7 percent that led to trading being halted for the second time this week. The Chinese central bank fixed the
yuan mid point at 6.5646/USD this morning, a move that sent the country's stocks tumbling. Brent crude
slumped to fresh 11-year low, falling below USD 34 a barrel. The 50-share NSE Nifty crashed 172.70
points or 2.23 percent to 7568.30 after hitting an intraday low of 7556.60.The strong Support Seem for
Nifty is 7600-7550 And the Resistance for Nifty is 7800-7870.

BANK NIFTY : - The Bank Nifty also open in the red on Monday down by 73 points at 16966.35 from the
previous closing level. And the expectation was also in the negative trend from the market due to negative
globle clues and the mostly Public Service Banks is trading their 52 week

low level. However the

private sector bank is Performing well to manage the Bank Nifty Psychological level of 16000. On
Thursday trading session the Bank Nifty is open down by 177 point at 16256.55 and closed down by 183
pints at 16073 the Bank Nifty is currently trading at 16163 up by 63 points or 0.40 % from previous
closing. The Fear for Banking Industry is the Fed official was quoted as saying the market may be
optimistic on expectations over rate hikes. The Federal Reserve is Planning to 3 time rate hike in 2016 And
the china Economy these are the macro economic issue for market.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY

R2

R1

PP

S1

S2

7663

7612

7561

7459

R2

R1

PP

S1

S2

8839

8079

7699

7319

6559

R2

R1

PP

S1

S2

8956

8126

7711

7296

6466

7765

WEEKLY

MONTHLY

BANK NIFTY
DAILY

R2

R1

PP

S1

S2

16283

16160

16037

15791

R2

R1

PP

S1

S2

19116

17298

16389

15480

13662

R2

R1

PP

S1

S2

19474

17442

16426

15410

13378

16529

WEEKLY

MONTHLY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

7786

7855

7962

8190

BANK NIFTY

16623

6919

17186

17792

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

7910

8150

8400

BANK NIFTY

16990

18005

19850

PATTERN FORMATION ( NIFTY AND BANK NIFTY )

Depiction of Chart - On the Above given weekly chart of Nifty Index has Applied the 100 days Moving average along with 50 days
Exponential moving Average.The Moving average lag the current price action because they are based on past prices longer the time period
the greater the lag of Moving Average. Thus a 100-day MA will have a much greater degree of lag than a Less-days MA because it contains
prices for the past 100 days. With breaks above and below this moving average considered to be important trading signals.for Buying or
Selling. MAs also impart important trading signals on their own, .While on the Above given Chart EMA is in to down trend the MA which
is a early signal for Bearish movement for Nifty . The globle market also in Support for Bear movement, There is a chances for Nifty50 to
give gap-down opening in next week. So we can expect that if the Nifty is crossing the level of 7700 it can make the high of 7750-7800 for
Next Week. Weekly Support of Nifty Is 7319-7250 And Resistance is 7663-7765.

BANK NIFTY MACD

Details of Chart On the Above given weekly chart of Bank Nifty applied 100 days Moving Average along with 50 days Exponential
Moving Average . And the both are the indicators on Bear movement for Bank Nifty. from long time the Bank Nifty has seen the Near
level of 16900-17100. The market is now not in good shape so we could expect the Bear movement from the Bank Nifty for Next week.
Hope from Banking industry is also not performing well specialy PSU Banks for next week, so we can assuming further downtrend
movement of Bank Nifty The Crucial level for Banking Nifty is 16037-15791 if the Bank Nifty is holding above that level. we can Expect
the Bank Nifty 16200-16325 level near next week. The major Resistance for Nifty Is 16283-16529 And the Support for Banking Nifty is
16037-15791 .

NSE EQUITY DAILY LEVELS
COMPANY NAME

R2

R1

PP

S1

S2

ACC
ALBK

EQ
EQ

1326
66

1310
66

1293
65

1277
64

1260
63

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

203
889
422
2478
145
112
159
329
658
334
117
3064
378
3646
848
1253
1066
2559
80
838
249
321
958
1074
90
166
1231
1215
39766
4367
235
131
85
438
1041
597
61
214
85
814
361
71
259
139

200
882
418
2459
143
111
156
326
640
328
115
3041
375
3615
836
1214
1064
2526
78
825
247
318
952
1069
88
165
1206
1208
39273
4286
232
129
84
432
1033
590
60
212
83
804
357
70
256
138

197
874
414
2395
14
110
154
322
627
322
111
3008
373
3564
825
1192
1060
2506
77
819
245
313
942
1062
84
164
1191
1200
38977
4243
229
128
83
427
1025
582
58
210
81
795
351
68
252
137

195
867
410
2346
139
109
152
319
609
316
109
2984
370
3533
813
1153
1058
2473
75
806
243
310
936
1057
81
163
1166
1193
38484
4162
226
127
82
421
1017
575
57
208
79
785
347
67
249
136

192
859
406
2312
137
108
150
315
596
310
105
2951
368
3482
802
1131
1054
2453
74
800
241
305
926
1050
78
162
1151
1185
38188
4119
223
126
81
416
1009
567
54
206
77
776
341
65
245
135

TOP 15 ACHIEVERS

SR.NO

SCRIPT NAME

PREV
CLOSE

2

TORRENT POWER
219.30
LTD
1.
GATI LTD. 152.25

3

SREI INFRA

4

1

60.90

CMP

//

% CHANGE

231.05

+ 5.36 %

159.95

+5.06 %

63.50

+4.27 %

672.00

+3.98 %

5

7.
BF
646.25
UTILITIES LTD.
ADANI POWER LTD. 32.05

33.20

+3.59 %

6

SHRIRAM TRNSPORT 821.90

848.85

+3.28 %

7

RELIANCE INFRA

564.85

581.50

+2.95 %

8

EID PARRY

187.00

192.50

+2.94 %

9

KPIT

158.75

163.30

+2.87 %

10

TECHNOLOGIES
INDIA CEMENT LTD 92.75

95.35

+2.80 %

11

YES BANK LTD

697.05

+2.79 %

12

ADANI ENTERPRISES 80.15

82.35

+2.74 %

13

FIRST SOURCE SOLU 39.55

40.60

+2.65 %

14

TATA MOTORS LTD

343.20

352.05

+2.58 %

15

AMTEK AUTO LTD

46.60

47.80

+2.58 %

TORRENT POWER
LTD

219.30

231.05

+ 5.36 %

678.15

SR.NO

TOP 15 LOOSERS

SCRIPT NAME

PREV CLOSE

CADILA
385.15
HEATHCARE
2.67+3.67+4.67+5.
J672+J
6.67 J IDBD
J BANK
J
LTD. 90.20
E262E262E262E262E26
T941T941T941T9431T94 VEDANTA
91.90
... ... ... ... ..
A2
92
0+
29.
A2
92
0+
210.
A2
92
0+
211.
A
92
0+
2E
A2
92
0 EJINDAL
8.
E2
E E ST & PWR 94.70
412.
I1
54
01
8N
I1
54
01
8N
I1
54
01
8N
I1
54
01
8N
I1
54
0
N
R773G
R773G
R773G
R773G
R
G
117.75
5 77 PNB
IW
. . .%
IW
. . .%
IW
. . .%
IW
. . .%
IW
..
A
A
A
A
A
N
5
7
8
N
5
7
8
N
5
7
8
N
5
7
8
N
5
7
A33+A33+A33+A336+A33 TATA MOTORS
393.50
Y
Y
Y
Y
Y
E
D5
00
36
1E
D5
00
36
1E
D5
00
36
1E
D5
00
36
1E
D5
00
3 LTD.
S
S
S
S
S
E
E
E
E
E
A. . 2A. . 2A. . 2A. . 72A. . BANK OF
156.20
R
N06%
.R
N06%
.R
N06%
.R
N06%
.R
N06 BARODA
S
S
S
S
S
I4
04
0+
0M
I4
04
0+
0M
I4
04
0+
0M
I4
04
0+
0I 00
M
169.50
8M44 BHEL
0P489
0P489
0P489
0P48
489
M
IP. . . M
IO. . . M
IO. . . M
IO. . . M
IO. . IPCA LAB
748.75
9N
N
N
N
N
O038
%
W
%
W
%
W
%
W
T
T
038
T
038
T
038
T
03
D
D
D
D
D
W
E2
E2
E2
E2
02
5+
9P
02
5+
9P
02
5+
9P
02
5+
9P
02
5 HINDALCO
P
2
84.60
IC
IC
E689IC
R689IC
R689IC
R6810
9R68 INDUS.
U
U
U
U
U
A
A
A
A
A
R. . .%. . .%. . .%. . .%. . AXIS BANK LTD. 455.15
L152N
L152N
L1511
L15
N
152N
2N
L
L000L
T000L
T000L
T000L
T00
J
66+J
66+J
66+J
6612
+J
66 TATA ELEXSI LTD 2242.35
J
J
J
J
D T
D D J
D
T398T
398 398T398T39
A
A
A
A
A
D %
. %
. %
. %
.
. . . . . . . . . . . . . . UNION BANK OF 149.70
D
. D D D 13D
IL922IL922IL922IL922IL92 INDIA
. 501. 501. 501. 501. 50
D
+D
2711.65
N11+D
N11+D
N11+D
N1114
N11 HERO
L
127L127L127L127L12 MOTOCORP
L %
L %
L %
L %
L
. O31 L&T
1284.30
O31. O31. O31. O3115
F
IY. . 3F
IY. . 3F
IY. . 3F
IY. . 3F
IY. .
472 472 472 472 47
R
D00 R
D00 R
D00 R
D00 R
D00
L
L
L
L
L
R %
R %
R %
R %
R
T
T
T
T
I I I I T
I
1

D
G
.A

D
G
.A

D
G
.A

D
G
.A

D
G
.A

I

I

I

I

I

CMP

% CHANGE

310.10
-19.49 %
78.10
-13.41 %
81.05
-11.81 %
84.45
-10.82 %
105.15
-10.70 %
353.45
-10.18 %
140.50
-10.05 %
153.70
-9.32 %
680.25
-9.15 %
76.90
-9.10 %
413.85
-9.07 %
2052.10
-8.48 %
137.10
-8.42 %
2489.00
1179.85

-8.21 %
-8.13 %

NEXT WEEK STARS (AS PER TECHNICAL
ANALYSIS PRIDICTION)
T T T T T
O O O O O

NSE CASH

N N

N

N

N

VEDL NSE CASH : VEDL CORRECTED ABOUT 10% LAST WEEK AND MADE LOW OF 79.15.IT
RECOVERED FROM LOWER LEVELS AND WAS TREADING ABOVE 82 ON LAST TREADING
SESSION OF THE WEEK.IF TI BREAKS 83.50 THEN UPWARD MOMENTUM CAN BE
SEEN.LONG POSITION CAN BE MADE ABOVE 83.50 FOR TGT AND SL OF 92.50 AND 80.

IBREALEST NSE CASH : IBREALEST MOVED UPWARD IN LAST TREADING HOURS ON
FRIDAY. IT CAN MOVE UPWARD FURTHER IF BREAKS THE LEVEL OF 61.50. LONG POSITION
CAN BE MADE ABOVE 61.50 FOR TGT AND SL OF 67 AND 59.50RESPECTIVELY.

GODFRYPHLP NSE CASH : LONG POSITION CAN BE MADE IN GODFRYPHLP ABOVE 1450
FOR TGT AND SL OF 1595 AND 1395 RESPECTIVELY.

I97- I 97- I 97- I 97- I 97
D081D081D081D081D08
B. . 3B. . 3B. . 3B. . 3B. .
D21. D21. D21. D21. D21
08
0-4J 9
08
0-4J 9
08
0-4J 9
08
0-4J 9
08
0
J9
IB441IB441IB441IB441IB44
A. . 0N
A. . 0N
A. . 0N
A. . 0N
A. .
N
N74.%D
N74.%D
N74.%D
N74.%D
N74
D
K
K
K
K
K
A
T0
35
38
-A
T0
35
38
-A
T0
35
38
-A
T0
35
38
-A
T0
35
3
L
A952
1L
A952
1L
A952
1L
A952
1L
A95
L
L
L
L
L
T330T330T330T330T33
T
T
T
T
T
S
A. . %
.S
A. . %
.S
A. . %
.S
A. . %
.S
A. .
D541T
D541T
D541T
D541T
D54
T
B11- B1
1- B1
1- B1
1- B1
1
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059
8H
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059
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M6
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T. . 3
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P
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57-2H
57-2H
57-2P
57
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W
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06
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06
09IR4
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09IR4
06
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06
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S. . .%N
S. . .%N
S. . .%N
S. .
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D691D691D691D691D69
L000A
L 00A
L 00A
L 00A
L0
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T22- T0
22- T0
22- T0
22- T0
22
T L
T T L
T T
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A208A208L
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D %C
D %C
D %C
D %C
D
C
T45. T45. T45. T45. T45
. O
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34
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34
1
N
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L1
58
0.%R
L1
58
0.%R
L1
58
0.%R
L1
58
0.%R
L1
58
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R
D
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E192O
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U. . 1X
U. . 1X
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U. . 1X
U. .
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S60 M
S60 M
S60 M
S60 M
S60
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I. 50%O
I. 50%O
I. 50%O
I. 50%O
I. 50
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L T
L T
L T
L
T T
L O
T O
T O
T O
T
O
T C
D C
D C
D C
D
C
D O O O O
O
R R R R R
P P P P P

DHFL NSE CASH : DHFL LONG POSITION CAN BE MADE IN DHFL ABOVE 225 FOR TGT AND
SL OF 244 AND 218 RESPECTIVELY.

KSCL NSE CASH : KSCL GAINED 18% LAST WEEK AND MAY CONTINUE ITS UPWARD
MOMENTUM . LONG POSITION CAN BE MADE ABOVE 381 FOR TGT AND SL OF 415 AND 369.

NSE FUTURE
IDFC FUTURE : IDFC FUTURE SHOWS BEARISH TREND CONTINUOUSLY WE CAN EXPECT
FURTHER DOWNSID E MOVEMENT IN IDFC BELOW 46.70 TGT 40 SL 48.

IBREALEST FUTURE : WE CAN MADE LONG POSITION IN IBREALEST FUTURE ABOVE 61
TGT 70 SL 59.

IRB FUTURE : IRB SHOWS BEARISH TREND TODAY .ON DAILY CHART OF IT ALSO
DOWNSIDE MOVEMNET. WE CAN MADE SHORT POSITION IN IRB BELOW 245 TGT 230 SL
250.

LICHSGFIN FUTURE : LICHSGFIN SHOWS BULLISH TREND IN DAILY CHART . WE CAN
EXPECT FURTHER UDSIDE MOVEMENT IN IT ABOVE 515 TGT 570 SL500.

ASHOKLEYLAND FUTURE:

ON DAILY CHART OF IT SHOWS BULLISH MOVEMENT WE

CAN MADE LONG POSITION IN IT ABOVE 92 TGT 102 SL 89.

NSE - WEEKLY NEWS LETTERS
TOP NEWS OF THE WEEK

India manufacturing PMI falls to 49.1 in Dec; lowest in 28 months - Indian
manufacturers saw business conditions deteriorate at the end of 2015. Dipping from 50.3
in November to 49.1 in December, the seasonally adjusted Nikkei India Manufacturing
Purchasing Managers‟ Index – a composite single-figure indicator of manufacturing
performance – pointed to a deterioration in operating conditions across the sector, with
the PMI posting below the no-change level of 50.0 for the first time since October 2013.
December‟s incessant rainfall in Chennai impacted heavily on the sector, with falling new
work leading companies to scale back output at the sharpest pace since February 2009.
On the price front, inflation rates of both input costs and output charges were at seven
month highs.

Jaitley hopeful of GST Bill passage in budget session - Union Finance Minister Arun
Jaitley stated that the government is hopeful of the passage of the Goods and Services
Tax Bill in the Budget session of Parliament, says report. “Halfway through the next
session, the numbers in the Upper House will also change,” Jaitley said. The GST is
expected to boost economic growth by one to two per cent , Jaitley reportedly said. The
Finance Minister added that he would be continuing talks with the States and all the
political parties to ensure the passage of the Bill. “We are in the stage of readiness as far
as those legislation are concerned which will have to be passed then by the Central
government and by the State governments,” Jaitley said.

Rs. 10,000 crore! Excise hike in petrol, diesel could fetch this for govt - The hike in
excise duty on petrol and diesel will help the government garner an additional Rs 10,000
crore in the fiscal, according to reports. The government raised excise duty on petrol and
diesel three times in last two months. Government increased excise duty on petrol by Rs
0.37 per litre and by Rs 2 a litre on diesel last week. The basic excise duty on unbranded
or normal petrol has been hiked from Rs 7.36 per litre to Rs. 7.73 and on unbranded
diesel from Rs 5.83 to Rs 7.83 per litre, according to Central Board of Excise and
Customs notification.


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