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Equity Research Report 08 February 2016 Ways2Capital .pdf



Original filename: Equity Research Report 08 February 2016 Ways2Capital.pdf
Title: TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

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TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : - The market is still firm as the Nifty is away from 7600. The 50-share index is opened on
Monday up 24.45 points or 0.3 percent at 7588. on the back of Indian manufacturing sector growth rose to
a four-month high in January. Oil prices dropped early after China posted surprisingly weak economic data.
Overseas investors pulled out more than Rs 11,000 crore from the Indian stock markets in January - on
global growth worries and decline in oil prices. Economic data from China, showing its manufacturing
sector contracted at its fastest pace in almost three-and-a-half years in January, added to worries about
demand from the world's top energy consumer at a time when the market is already weighed down by a
supply overhang. However Asian shares started a new month on somewhat firmer footing, helped by
accommodative monetary policies in Japan and Europe. The crucial level for Nifty down side is 7420-7450
and Upside is 7550-7580. if the Nifty manages to sustain above the 7550 mark then we may witness a
continuation of this move towards 7600-7679 levels. On the other hand, 7400-7473 are now seen as
important Support levels, The major resistance for Nifty is 7600 if the Nifty able to meet that point we
could find the comfortable zone for Nifty to move in the continues trend for Next week.

BANK NIFTY : - The Bank Nifty open in Positive trend on Monday trading session at 15547.75 up by
25 points or 0.3 per cent. The Bank Nifty is currently trading at 15265 up by 344 point or 2.30 per cent.
Bank shares have remained a pain point for the stock market over the past one year -- beset by NPA issues
and weak credit demand -- and the pain is likely to continue for a while, The Finance Minister could have
"done a lot more" to clean up the banking system. On the positive side, The Reserve Bank could cut repo
rate by 25 basis poits.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY

R2
7805

WEEKLY

MONTHLY

R1
7597

PP

S1

S2

7493

7389

7181

R2

R1

PP

S1

S2

8201

7701

7451

7201

6701

R2

R1

PP

S1

S2

8201

7701

7451

7201

6701

BANK NIFTY
DAILY

R2

R1

PP

S1

15510

15146

14782

R2

R1

PP

S1

S2

17477

15869

15065

14261

12653

R2

R1

PP

S1

S2

17477

15869

15065

14261

12653

16238

WEEKLY

MONTHLY

S2
14054

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

7470

7674

7839

8077

BANK NIFTY

15378

16223

16766

17475

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

7365

7950

8320

BANK NIFTY

15615

17390

19170

PATTERN FORMATION ( NIFTY AND BANK NIFTY )

Depiction of Chart On the Above given weekly chart Applied the 200 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 200-day MA will have a much greater degree of lag than a Less-days MA because it contains prices for the past
200 days. With breaks above and below this moving average considered to be important trading signals.for Buying or Selling. MA also
impart important trading signals on their own, .While on the Above given Chart EMA is About to cross over the MA which is a early signal
for Bullish movement for Nifty . The global market also in Support for Bull movement, The privilege for Nifty50 to give gap-up opening in
next week. So we can expect that if the Nifty is crossing the level of 7600 it can make the high of 77650-7680 for Next Week. Weekly
Support of Nifty Is 7450-7500 And Resistance is 7600-7650.

BANK NIFTY MACD

Details of Chart On the Above given weekly chart of bank Nifty applied 200 days Moving Average along with 50 days Exponential
moving Average . And the both are the indicators on Bull movement for Bank Nifty. After long time the Bank Nifty has seen the Near
level of 16900. The market is now in good shape so we could expect the handsome return from the Bank Nifty for Next week. Hope from
Banking industry is Also good for next week, so we are assuming further movement of Bank Nifty The Crucial level for Banking Nifty is
15600-15800 if the Nifty able to meet that target we can Expect the Bank Nifty 16000 level near next week. we Still bullish on bank Nifty.
The major Resistance for Nifty Is 15800-16150 And the Support for Banking Nifty is 15400-15320.

NSE EQUITY DAILY LEVELS
COMPANY NAME

ACC
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
INFY
BANK
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
EQ

R2

R1

PP

S1

S2

1291
54
199
914
394
2426
126
101
133
308
583
326
98
3276
386
3559
895
1218
1070
2712
75.50
855
249
337
970
1199
68
702
1197
1296
34879
4327
235
109
60
367
992
449
49
179
77
870
337
62
257
143

1280
53
197
901
388
2368
124
99
131
306
567
324
97
3193
377
3470
881
1197
1060
2637
72.80
836
239
327
951
1182
66
692
1148
1263
34514
4219
230
107
59
362
985
444
48
177
75
862
334
61
248
141

1267
51
195
883
380
2310
122
96
129
303
553
321
95
3037
363
3396
855
1167
1045
2534
70.80
801
229
315
915
1153
61
676
1109
1206
33985
4071
222
103
58
355
977
437
47
172
74
856
331
59
242
136

1256
49
193
870
375
2273
120
94
125
301
536
319
94
2954
355
3307
840
1147
1035
2458
68.10
782
218
305
896
1137
59
666
1060
1173
33620
3963
217
101
57
350
970
432
46
170
72
847
327
58
238
133

1242
47
190
852
367
2236
118
91
123
299
523
315
92
2797
341
3232
815
1117
1020
2355
66.10
747
208
293
860
1108
55
650
1021
1117
33091
3815
210
97
56
343
962
425
45
166
71
841
324
57
233
128

TOP 15 ACHIEVERS

SR.NO

SCRIPT NAME

PREV
CLOSE

CMP

//

% CHANGE

1

TATA ELEXSI LTD

1734

2076

+19.72%

2

NIIT TECH.

473

552

+16.69%

3

FINOLEX IND.

272.90

317.45

+16.32%

4

HIND. ZINC

138.50

160.65

+15.99%

5

UNION BANK OF IN

114.50

130.50

+13.93%

6

TORRENT POWER LT 207.45

234.30

+12.92%

7

GUJRAT PIPAVAV

143.45

161.85

+12.83%

8

GRUH FINANCE

232.25

261.15

+12.83%

9

SUN PHARMA

277.45

311.70

+12.44%

10

APOLLO TYRES

132.35

147.60

+11.52%

11

UPL

392.10

436.90

+11.43%

12

INDIA CEMENT LTD 83.80

93.35

+11.40%

13

SKS MICROFINANCE 476.05

528.80

+11.08%

14

PIRAMAL ENTERPRI 895.65

994.60

+11.05%

15

RALLIS INDIA

165.95

+10.97%

149.55

SR.NO

TOP 15 LOOSERS

SCRIPT NAME

PREV CLOSE

ADITYA BIRLA
2065.70
NUVO
N45+N45+N45+N452+N45 JUST DIAL
802.15
I751I 751I 751I 751I 75
I326I 326I 326I 3236I 32 RCOM
73.30
T .T .T .T .T
6H11+
6H11+
6H11+
6
H11+
4H11 IDEA CELLULAR 116.60
9IT361
9IT361
9IT361
9IT36 LTD
IT361
E805
%
E805
%
E805
%
E805
%
E
N
N
N
N
670.90
5N80 JET AIRWAYS
C. . . D
C. . . D
C. . . D
C. . . D
C. .
D
H
H
H
H
.H
5
6
9
.
5
6
9
.
5
6
9
.
5
6
9
.
5
6
T22+T22+T22+T226+T22 UNITED SPIRITS 2733
.O05
.O05
.O05
.O05
.O05
Z
39
1Z
39
1Z
39
1Z
39
1Z
3 LTD
IR74%
2IR74%
2IR74%
2IR747%
2IR74 ENGINEERS
211.05
N
N
N
N
N
R. . . R. . . R. . . R. . . R. . INDIA
C
C
C
C
C
E2
42
3+
9G
E2
42
3+
9G
E2
42
3+
9G
E2
42
3+
9E43
G
232.40
8G22 ADANI PORTS
N3
56
01
2R
N3
56
01
2R
N3
56
01
2R
N3
56
01
2R
N3
56
0
R
T212
%
T212
%
T212
%
T212
%
T
U
U
U
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124.60
9U21 GATI LTD.
H. . . H. . . H. . . H. . . H. .
P1
P1
P1
P1
21+
8A
21+
8A
21+
8A
21+
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21 UNITED
A
841.00
10A
O3
O3
O3
O3
O3
F
54
51
3P
F
54
51
3P
F
54
51
3P
F
54
51
3P
F
54
5 BREWERIES
P
IW
%
IW
%
IW
%
IW
%
IW
O
271
O
271
O
271
O
271
O
27 ALOK
5.48
E. . . L
E. . . L
E. . . L
E. .11
E. . INDUSTRIES
N
N
N
N
N
L
.L
R365L
R365L
R365L
R365L
R36
A
A
A
A
A
L
I89+I 89+I 89+I 8912
+I 89 BEML LTD
1115
N
N
N
N
N
O
N5
30
32
1O
N5
30
32
1O
N5
30
32
1O
N5
30
32
1O
N5
30
3
L %
L %
L %
L %
L
C
C
C
C
C
D. . 1D. . 1D. . 1D. .13
1D. . BHARTI AIRTEL 310.15
T T
T T
T T
T T
T
E
T
I83. E
I 83. E
I 83. E
I 83. E
I 83
Y
Y
Y
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A8
09
5+
4P
A8
09
5+
4P
A8
09
5+
4P
A8
09
514
4Y
A8
09
5 SYNDICATE BANK 72.10
P
+
P
R
R
R
R
0I 991
0I 991
0I 991
0R
I991
I 99
E541
E541
E541
E541
E
C
%
C
%
C
%
C
%
C
R
R
R
R
15R54 TATA POWER CO. 64.35
S
E. . . S
E. . . S
E. . . S
E. . . S
E. .
A
A
A
A
A
M
61
6+
0R
M1
61
6+
0R
M1
61
6+
0R
M1
61
6+
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M1
61
6
R
1
E0
E0
E0
E0
E0
A
52
01
5P
A
52
01
5P
A
52
01
5P
A
52
01
5P
A
52
0
P
N911
N911
N911
N911
N91
L
%
L
%
L
%
L
%
L
P
P
P
P
P
T. . . T. . . T. . . T. . . T. .
IE021IE021IE021IE021IE02
L009N
L009N
L009N
L009N
L00
N
T %F
T %F
T %F
T %F
T
F
D R
D R
D R
D R
D
E
E
E
E
E
R
R A
R A
R A
R A
R
A
P P P P P
R P
R P
R P
R P
R
P
IR IR IR IR IR
O O O O O
J J J J J
E E E E E
C C C C C
T T T T T
1

CMP

% CHANGE

870.00
-57.88%
608.65
-24.12%
62.10
-15.28%
103.10
-11.58%
602.60
-10.18%
2488
-8.96%
193.05
-8.53%
212.70
-8.48 %
114.15
-8.31%
776.90
-7.62%
5.11
-6.75%
1041
-6.67%
289.70
-6.59%
67.55
60.35

-6.34%
-6.22%

J86- J86- J86- J86- J86
U002U002U002U002U00
S284S284S284S284S28
T. . . T. . . T. . . T. . . T. .
6-1I 11
6-1I 11
6-1I 11
6-1I 11
6
I11
50
51
2D1
50
51
2D1
50
51
2D1
50
51
2D1
50
5
D1
I631
%
I 631
%
I 631
%
I 631
%
I 63
E
E
E
E
E
A. . . A. . . A. . . A. . . A. .
L
U6
21
25
-L
U6
21
25
-L
U6
21
25
-L
U6
21
25
-L
U6
21
2
C
N0
70
48C
N0
70
48C
N0
70
48C
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48C
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4
E
%
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%
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%
E
I38. I 38. I 38. I 38. I 38
L
L
L
L
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T389T389T389T389T38
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E22-6L
E22-6L
E22-6L
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A
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U
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%
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D318
D318
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L %
L %
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R
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16. IO
16. IO
16. IO
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T
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M
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L
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T R
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R
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7S76-7R
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D
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E276
E276
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L
%
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L
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Y
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E153D
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IR054IR054IR054IR054IR05
I %
I %
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N
K

NSE - WEEKLY NEWS LETTERS
TOP NEWS OF THE WEEK
RBI forecasts GDP growth of 7.6% for FY17 - RBI Governor Raghuram Rajan
Forecast GDP growth of 7.6% for FY17 and 7.4% with downward bias for FY16.For
2016-17, growth is expected to strengthen gradually, notwithstanding significant
headwinds. Expectations of a normal monsoon after two consecutive years of rainfall
deficiency, the large positive terms of trade gain, improving real incomes of households
and lower input costs of firms should contribute to strengthening the growth momentum.
Yet, still weak domestic private investment demand in a phase of balance sheet
adjustments, re-emergence of concerns relating to stalled projects, excess capacity in
industry, sluggish external demand conditions dampening export growth could act as
headwinds.

Hindustan Zinc plans to invest Rs. 8000 Crore - Hindustan Zinc is looking to expand its
all operations in a time-frame of 3-5 years, taking current ore production levels of 9.36
MTPA to 14.00 MTPA and finished metal production levels from 0.85 MTPA to 1.10
MTPA. As Hindustan Zinc, a Vedanta Group company in Zinc-Lead-Silver business
celebrates its Golden Jubilee, completing 50 years of its existence; the company is all set
for its next phase of expansion of its mining and smelting operations with an investment
of Rs.8000 crore.

We expect RBI to slice repo rate by 25 basis points after the Budget: CRISIL - As
expected, the Reserve Bank of India on Tuesday kept the repo rate unchanged at 6.75%
with the Union Budget on the anvil and while awaiting more data on the inflation
trajectory. Since its last policy-rate cut, some room for monetary easing has opened up as
global growth weakened leading to a sharp decline in crude oil and commodity prices
which supported lower inflation. But the RBI also wants to tame consumer price inflation
to 5% by March 2017 – or a clear percentage point lower than its March 2016 target. This
will be a tough Task if the Seventh Pay Commission recommendations are implemented
and the monsoon remains inadequate. A noninflationary.

China economic woes threaten WTI - WTI Oil plummeted over 6% during trading on
Monday with prices edging closer to $31 as tepid manufacturing data from China, the

world’s largest energy consumer, renewed fears that demand may be dwindling. These
anxieties added to the rapidly fading expectations around OPEC cooperating with Russia
to curb production, while ongoing concerns over the excessive oversupply of oil in the
markets continued to haunt investor attraction. Although there was some initial optimism
directed towards Russia’s willingness to slash production, Saudi Arabia remained defiant
on the idea of any cuts, while Iran had already pledged to pump up to 1.5M barrels a day
in a mission to reclaim its lost market share.

RBI continues to be "accomodative", to wait for data on inflation: Rajan - In line
with the market expectations, the Reserve Bank of India has kept the key policy rates
unchanged. The central bank said that it is keeping a keen eye on the Union Budget due
on 29th February, before taking any decision that would rattle the market participants.
The stance is akin to the policy statement from the Fifth Bi-monthly meet which
reiterated that the global growth continues to be weak.

FM: GST will become a reality soon - Finance Minister Arun Jaitley is expecting that
the opposition parties will “see reason” and the Goods and Services Tax, which is held up
in Rajya Sabha, will become a reality soon. “GST has been supported by most political
parties and I am sure others will also see reason and this law will become a reality very
soon,” Jaitley said. Jaitley added that the government is also working on streamlining the
direct taxation system. “We want to rationalise our direct tax system,” He said.

FDI spurts 114% to US$4.5bn in December - Foreign Direct Investment into the
country more than doubled to about US$4.5 billion in December 2015. “FDI inflow to
India recorded a whopping 114 per cent growth for December 2015 vs December 2014,”
the Commerce & Industry Ministry said. In December 2014, India had received US$ 2.16
billion. The major sectors that attracted FDI include computer software & hardware,
trading, services, automobile and telecommunications. India receives maximum FDI from
Singapore, Mauritius, the Netherlands and Japan. In 2014-15, FDI grew by 27 per cent to
US$30.93 billion as against US$24.29 billion in 2013-14."India is seen as one of the best
places to invest, when globally you have a 16 per cent fall in FDI. It is only in India we
are growing. FDI which is coming to India is growing at 38 per cent," Union Commerce
and Industry Minister Nirmala Sitharaman said on Thursday.


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