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Equity Research Report 15 February 2016 Ways2Capital .pdf



Original filename: Equity Research Report 15 February 2016 Ways2Capital.pdf
Title: TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

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TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : - The Nifty is continued in the negative trend from the beginning of
this week.. The 50-share index is opened on Monday at 7489. The latest trade figures out
of China eased some concerns over the health of the world's second-biggest economy.
China has a major adjustment problem, Oil prices dropped continuance after China posted
surprisingly Exports for the month fell 11.2 percent on year, compared to analyst
estimates of a 1.9 percent drop. Overseas investors are disappoint from the Indian stock
markets - 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, However Asian shares started a new week on somewhat firmer footing,
helped by expecting better GDP growth rate of India. The crucial level for Nifty down
side is 6800 – 6980 and Upside is 7120 -7180. if the Nifty manages to sustain above the
7150 mark then we may witness a continuation of this move towards 7200 -7280 levels.
On the other hand, 6920-6800 are now seen as important Support levels, The major
resistance for Nifty is 7200 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
15206 up by 44 points or 0.6 per cent. The Bank Nifty is currently trading at 14425 up by
442 point or 3.17 per cent. Bank shares have remained a pain point for the stock market
over the past one year – set by NPA issues and weak credit demand –State-run banks like
SBI, Bank of Baroda, Central Bank of India, apprise PM Narendra Modi of rising bad
loans, capital requirements of state-run banks and the impact of bad loans on
profitability
in

were

upcoming

their

discussed. We are expecting the positive movement for Bank Nifty
weeks. The Support for Bank Nifty Is 14320-13800 and Resistance

is 14600-15020.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY

WEEKLY

R2

R1

PP

S1

S2

7470

7135

6966

6798

6462

R2

R1

PP

S1

S2

9107

7789

7130

6471

5153

MONTHLY

R2

R1

PP

S1

S2

9347

7885

7154

7426

4961

R2

R1

PP

S1

S2

15044

14328

13970

13612

12896

R2

R1

PP

S1

S2

15982

14384

12786

9590

R2

R1

PP

S1

S2

19828

16242

14449

12656

9070

BANK NIFTY
DAILY

WEEKLY

19178
MONTHLY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

7360

7590

7805

8040

BANK NIFTY

14067

14150

14450

14765

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

7485

7795

8310

BANK NIFTY

15250

17065

19230

PATTERN FORMATION ( NIFTY )

Detail of Chart On the On the Above given weekly chart of Nifty applied Bollinger Band along with Parabolic SAR. And the
Bollinger Band is in the spread range it has break the lower band of the Bollinger Band and after breaking the level
it has given the Gap up opening which is indicating the Bull movement for the Nifty the crucial Support for Nifty is
6800-6980 and the Resistance for Nifty is 7200-7280, if the Nifty is able to break the level of 7200 we may witness
the level of 7350 for next week.

PATTERN FORMATION ( BANK NIFTY )

Details of ChartOn the Above given weekly chart of Bank Nifty applied Bollinger Band along with Parabolic SAR. And the
Bollinger Band is in the spread range it has break the lower band of the Bollinger Band and after breaking the level
it has reverse on Bull side on the other hand on the creating dot Upside which is the signal for worry about the Bank
Nifty , however the Bank Nifty crucial Support is 13800 and the Resistance is 14500. if the Bank nifty is crossing
the 14000 level we may witness the 14500 level.

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
JINDALSTEL
KOTAKBANK
LT
M&M
MRF
MARUTI
ONGC
ORIENTBANK
RCOM
RELCAPITAL
RELIANCE
RELINFRA
RPOWER
SBIN
SSLT( VEDL)
SUNPHARMA
TATAMOTORS
TATAPOWER
TATASTEEL
UNIONBANK

R2

R1

PP

S1

S2

EQ

1292

1279

1253

1240

1215

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

47
201
876
425
2357
147
96
111
334
546
323
93
2920
341
3589
843
1112
994
2559
67
830
206
307
854
1106
64
644
1185
1244
33478
3696
201
93
53.50
347
953
440
46
171
73
876
329
59
256
128.25

45
200
870
418
2342
141
93
108
327
542
319
90
2899
337
3544
832
1103
986
2533
66
823
203
305
839
1099
62
639
1139
1227
33159
3676
199
91
53
343
945
433
45
168
72
870
317
58
247
125.15

43
197
865
407
2329
129
90
105
322
535
313
86
2875
331
3464
821
1092
980
2513
64
815
198
303
832
1093
59
631
1124
1195
32729
3640
197
87
52.25
335
931
421
44
163
69
861
313
57
234
119.25

42
196
859
400
2314
123
88
103
314
531
309
84
2854
328
3420
810
1083
972
2488
63
808
196
301
825
1086
57
626
1094
1178
32410
3620
195
85
51.85
330
924
415
43
160
67
855
305
56
225
116.25

40
193
855
389
2301
112
84
99
309
524
302
80
2830
322
3340
799
1073
966
2468
61
799
191
299
818
1079
54
618
1079
1145
31980
3584
192
82
51.15
322
910
403
42
155
64
846
301
55
212
110.35

TOP 15 ACHIEVERS

SR.NO

PREV
CLOSE

SCRIPT NAME

CMP

//

% CHANGE

SR.NO

TOP 15 LOOSERS

SCRIPT NAME

PREV CLOSE

CMP

1

APOLLO TYRES

140.85

155.80

+10.61 %

1

SHIPPING CORPN. 80.30

60.20

2

BANK OF BARODA

122.95

135.62

+10.33 %

2

WOCKHARDT LTD. 1021.85

804.30

3

LUPIN LTD.

1652

1822

+10.32 %

3

JUST DIAL

453

4

EICHER MOTORS

16940

18579

+9.68 %

4

COX & KINGS LTD 204.85

166.40

5

BHARTI INFRA

355.90

389

+9.33 %

5

BHEL

106.10

6

IDEA CELLULAR

100

108

+8.35 %

6

4.10

7

NMDC LTD

81

87

+7.58 %

7

8

AXIS BANK LTD.

382

407

+6.52 %

8

ALOK INDUSTRIES4.94
L
PUNJAB
90.95
NATIONAL B
DELTA CORP LTD 68.15

9

EXIDE INDUSTRIES

121

129

+6.29 %

9

B F UTILITIES LTD. 500

427

10

CEAT LTD.

891

944

+5.86 %

10

SOBHA

290.40

249.65

11

BHARTI AIRTEL

304

321

+5.45 %

11

VOLTAS LTD.

273.75

237.25

12

TATA STEEL

226

237

+5.13 %

12

DENA BANK

33.35

28.95

13

PIRAMAL ENTERP.

925

972

13

UNITECH LTD.

4.93

4.29

14

JET AIRWAYS

529

556

+5.07 %

14

ONGC

220.10

196.60

15

ADANI POWER LTD

25.20

26.45

+4.96 %

15

CENTRAL BANK

60.15

54.05

+5.13 %

575

129.55

77.60
58.20

% CHANGE

-25.03 %
-21.29 %
-21.14 %
-18.77 %
-18.10 %
-17.00 %
-14.68 %
-14.64 %
-14.54 %
-14.03 %
-13.50 %
-13.19 %
-12.98 %
-10.68 %
-10.14 %

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

SUNPHARMA NSE CASH : BUY SUNPHARMA NSE CASH ABOVE 870 TGT 935 SL 840.

2.

SRINFRA NSE CASH : BUY SREINFRA NSE CASH ABOVE 53 TGT 58 SL 51

3.

GMRINFRA NSE CASH : BUY GMRINFRA NSE CASH ABOVE 12 TGT 13 SL 11.60.

4.

GODFRYPHLP NSE CASH : BUY GODFRYPHLP NSE CASH ABOVE 1040 TGT 1135 SL
995.

5.

SUVEN NSE CASH : BUY SUVEN NSE CASH ABOVE 185 TGT 200 SL 179.

NSE - WEEKLY NEWS LETTERS
TOP NEWS OF THE WEEK
Demand slowdown! Higher OPEC output only partly offsets non-OPEC decline :Having peaked, at a five-year high of 1.6 million barrels per day in 2015, global oil
demand growth is forecast to ease back considerably in 2016, to 1.2 mb/d, pulled down
by notable slowdowns in Europe, China and the United States, the newly released IEA
Oil Market Report for February informs subscribers. Early elements of the projected
slowdown surfaced in the last quarter of 2015. Global oil supply dropped 0.2 mb/d to
96.5 mb/d in January, as higher OPEC output only partly offset lower non-OPEC
production. Non-OPEC supplies slipped 0.5 mb/d from a month earlier to stand close to
levels of a year ago. For 2016 as a whole, non-OPEC output is expected to decline by 0.6
mb/d, to 57.1 mb/d.
Economy to grow at 7.9% in fiscal 2017 - Indeed, 2016 has begun on an ominous note.
Both the International Monetary Fund and the World Bank have pared their global growth
outlook for the year amid increasing signs of debility in the emerging markets. And once
again, China has emerged as the epicentre of global risk and volatility. For India, such a
predicament cuts both ways. While a slowing world implies prices of crude oil and the
commodity complex will remain battered, which will bolster the fiscal math, sluggishness
in global demand will prolong the agony for exporters. That means the trigger for growth
in fiscal 2017 will come from within - or the domestic economy - and, as in the current
fiscal, another dose of good luck through low crude oil prices will be handy.
NBCC bags contracts worth Rs.2,525 crore in Jan - National Buildings Construction
Corporation Ltd ended at Rs. 949.45, up by Rs. 7.45 or 0.79% from its previous closing
of Rs. 942 on the BSE. The company has bagged business worth around Rs. 2,525.86
crore in the last month.
The scrip opened at Rs. 938.6 and touched a high and low of Rs. 958.8 and Rs. 938.6
respectively. A total of 131870 shares were traded on the counter. The current market cap
of the company is Rs. 11393.4 crore. The BSE group 'B' stock of face value Rs. 10
touched a 52 week high of Rs. 1214.5 on 06-Aug-2015 and a 52 week low of Rs. 682.6
on 09-Feb-2015. Last one week high and low of the scrip stood at Rs. 982.6 and Rs.
918.05 respectively.

RBI releases report on Introduction of Interest Rate Options - The Reserve Bank of
India today released the Report of the Working Group on Introduction of Interest Rate
Options in India. The key recommendations of the Group are, To begin with, simple call
and put Options, caps, floors, collars and swaptions may be permitted. Complex
structures may be introduced subsequently. Both OTC as well as exchange traded options
may be introduced. While in the OTC segment only European options may be permitted,
both American and European structures may be permitted on Exchanges. Fixed Income
Money Market and Derivatives Association of India/Financial Benchmark India Private
Limited may come out with the list of eligible domestic money or debt market rates as
benchmarks like G-Sec, T-Bills, MIBOR,OIS, MIFOR, IRF etc.
GDP growth continues ahead of expectations..Q3FY16 GDP at 7.3% - Real GDP or
Gross Domestic Product at constant prices in the year 2015-16 is likely to attain a level
of RS. 113.51 lakh crore, as against the First Revised Estimate of GDP for the year 201415 of Rs. 105.52 lakh crore, released on 29th January 2016. The growth in GDP during
2015-16 is estimated at 7.6% as compared to the growth rate of 7.2 per cent in 2014-15.
Real GVA, GVA at basic constant prices is anticipated to increase from `97.27 lakh crore
in 2014-15 to `104.38 lakh crore in 2015-16. Anticipated growth of real GVA at basic
prices in 2015-16 is 7.3 per cent against 7.1 per cent in 2014-15.
Real Estate's demands from the Union Budget 2016 - Real estate stakeholders in
every Indian city are looking forward to the upcoming financial budget 2016 to see
whether it will provide any relief to the sector. Developers have their own expectations,
because positive announcements for real estate buyers made during the budget will help
increase the market sentiment, and therefore sales. The general hope is that the budget
will provide cheer to intending home buyers who have been deterred for various reasons.
The Union Budget should make the rate of interest specific to home loans more
reasonable. Currently, the banks are offering interest rates which are still too high. Paying
so much interest has serious implications on the family budgets of most middle-class
wage earners. It is not surprising that many of them currently shy away from home loans.
1. Pune-based startup EPPS Infotech wants to change the market dynamics. Small and medium enterprises

normally have limited access to advanced

technologies, such as enterprise resource planning. They are sandwiched between
using either a modestly developed ERP solution offered by domestic players or
premium priced solutions offered by global multinationals. However, Pune-based


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