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Equity Research Report 14 March 2016 Ways2Capital .pdf



Original filename: Equity Research Report 14 March 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 started flat on Tuesday but soon gained strenght. The
Nifty hit 7500, up 16.55 points. Most Asian markets were trading lower , We have seen a
big move in markets in a very short period of time. With some choppiness, and the kind of
intraday pullbacks we have had in the past couple of days, there is a good chance that we
will see higher levels. it is looking at rallies that possibly heading towards 7,680-7,700
level. Emerging Market and commodity currencies were supported by recovery of crude
oil prices, The US market higher on crude price recovery. The Rate cut action by RBI is
also anticipated after the government achieved the fiscal deficit target, China's February
exports data release disappointed. market expectations, falling 25.4 per cent from a year
earlier. The European Central Bank on Thursday cut its main refinancing rate to zero from
0.05 percent and increased monthly asset buys to 80 billion euros from 60 billion
euros.The trend for Nifty is seem bull the crucial level for Nifty will be 7680 Upside and
7420 in down side.

BANK NIFTY : - The Bank Nifty opened lower on Monday at 15323 down by 16 points
or 0.19 %. The Reserve Bank of India could slash repo rates yet again in its scheduled
policy review meet, or a rate cut prior to the meeting could well, lie in the offing. The
Europe Central Bank stimulus in the form of rate cuts further into negative territory and
higher than expected increase in bond buying programme. The rating agency CRISIL
downgraded the Public Sectors Banks, expectation that the asset quality problems being
faced by PSBs will remain acute and continue through most of the next fiscal. The
Resistance for Bank Nifty is 15489-16117 and Support for Bank Nifty is 14860-14620.

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY

R2
7750

WEEKLY

R2
7849

MONTHLY

R2
8877

R1

PP

S1

S2

7586

7504

7422

7258

R1

PP

S1

S2

7611

7492

7373

7135

R1

PP

S1

S2

7867

7362

6857

5847

Monday, 14 March 2016

BANK NIFTY
DAILY

R2
16117

WEEKLY

R2
16213

MONTHLY

R2
19040

R1

PP

S1

S2

15489

15175

14861

14233

R1

PP

S1

S2

15513

15163

14813

14113

R1

PP

S1

S2

16276

14894

13512

10748

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

7248

7388

7659

7944

BANK NIFTY

14422

15254

16222

17109

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

7140

7590

8083

BANK NIFTY

14243

16088

18633

PATTERN FORMATION ( NIFTY )

Detail of Chart 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 Upper band of the
Bollinger Band and after breaking the level it has made the double bottom last week and
break the and now it is the channel line also and reverse in the bear trend which is
indicating the bear movement for the Nifty the crucial Support for Nifty is 7422-7250 and
the Resistance for Nifty is 7580-7750 , if the Nifty is able to Range-bound the level of
7500 we may witness the bull movement and if it is not able to hold the crucial level of
7500 we may witness Bear movement 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 Upper band
of the Bollinger Band and after breaking the level it has made the double bottom last
week and break the and now it is the channel line also and reverse in the bear trend which
is indicating the bear movement for the Nifty the crucial Support for Bank Nifty is 1480014650 and the Resistance for Nifty is 16100-15600 , if the Bank Nifty is able to Sustain
the level of 15200 we may witness the bull movement and if it is not able to hold the
crucial level of 15000 we may witness Bear movement for next week.

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

R2
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

1248
53
204
909
427
2363
145
96
106
340
542
329
115
3249
349
3658
833
1179
1041
2857
86
874
221
326
941
1162
69
667
1217
1242
35331
3723
209
90
53
375
1028
515
47
184
91
880
377
60
302
127

R1

PP

S1

S2

1237
52
202
904
419
2342
143
95
105
339
537
324
111
3233
345
3620
829
1169
1034
2832
85
865
217
324
933
1151
66
655
1202
1230
35016
3682
207
89
53
373
1024
512
47
183
90
876
372
60
299
125

1228
51
201
897
414
2326
140
93
103
336
534
320
106
3205
340
3592
820
1158
1024
2814
83
848
215
319
926
1145
64
648
1186
1223
34482
3649
206
88
53
372
1022
510
47
183
89
872
365
59
297
124

1217
50
199
892
406
2305
138
92
102
335
529
315
102
3189
336
3554
816
1148
1017
2789
82
839
211
317
918
1134
61
636
1171
1211
34167
3608
205
87
52
370
1018
507
47
182
88
868
360
59
294
122

1208
49
198
885
401
2289
135
90
100
332
526
311
97
3161
331
3526
807
1137
1007
2771
80
822
209
312
911
1128
59
629
1155
1204
33633
3575
204
86
52
369
1016
505
46
181
87
864
353
58
292
121

TOP 15 ACHIEVERS

SR.NO

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

PREV
CLOSE

SCRIPT NAME

CMP

//

CAIRN INDIA LTD.

126.10

149

+18.16 %

TATA MOTORS LTD.

317.10

367.80

+15.99 %

VEDANTA

78.15

89.15

+14.08 %

TATA STEEL

267.55

297.60

+11.23 %

BOSCH LTD.

16875

18360

+8.79 %

ADANI PORTS

218.80

237

+8.34 %

BHEL

97.10

104.90

+8.03 %

YES BANK LTD.

755.25

807.40

+6.90 %

HDFC

1099

1171

+6.58 %

GAIL (INDIA) LTD

324.40

345.65

+6.55 %

DR. REDDY’S LABS

3015

3204

+6.29 %

ONGC

194.95

206.40

+5.87 %

INDUSIND BANK

882.60

930.75

+5.46 %

L&T

1137

1198

+5.32 %

LUPIN LTD.

1781

1863

+4.60 %

NEXT WEEK
PRIDICTION )
NSE FUTURE

STARS

SR.NO

% CHANGE

(

AS

TOP 15 LOOSERS

SCRIPT NAME

MINDTREE LTD.

PREV CLOSE

CMP

% CHANGE

1525

660

1.33+2.33+3.33+4.
T332+5.
T33 TIPCA
T LABORATORIE
T
589
A161A161A161A161A16
T775T775T775T7735T77 RAJESH EXPORTS L 703
A. . . A. . . A. . . A. . . A. . APOLLO HOSPITALS
6.22+7.22+8.22+9.
T22+10.
T22 T T T
1497
189 189 189 1849 18
A691A691A691A691A69
M
009M
009M
009M
009M
00
999
T771T771T771T7751T77 EMAMI LTD.
O O O O O
A. . . A. . . A. . . A. . . A. . UNITED SPIRITS LTD
A
2509
T22+%A
T22+%A
T22+%A
T22+%A
T22
562 562 562 5662 56
D
O138D
O138D
O138D
O138D
O13
S503S503S503S5073S50 RCOM
54.65
A
R87. A
R87. A
R87. A
R87. A
R87
T T T T T
N
N
. 3N
. 3N
. 3N
. IDEA CELLULAR
SY.783
S
S
S
S
106
E +%Y
E78+%Y
E78+%Y
E78+%Y
E78
I8 4I 8 4I 8 4I 8 84I 8
506E506E506E506E50
EEP
E
E
E
E
P
L0
L0 P
L0 P
L0 P
L0 HCL TECHNOLOGIES 854
L57. L57. L57. L579. L57
O
%O %O %O %O
ST. . 9ST. . 9ST. . 9ST. . 9ST. . DCB BANK
G
3+G
79.40
R
R33+G
R33+G
R33+G
R33
D3
240D240D240D210
40D24
T.A246T.A246T.A246T.A246T.A24
50 50 50 50
50
11
. S45 BANK OF BARODA 145
S45. S45. S45. S45
B %B %B %B %B
I. . 5I . . 5I . . 5I . . 5I . . IDFC BANK
O12+O12+O12+O12
+O12
48.95
65A465A465A412
65A46
A4
L905L905L905L905L90
N05 N05 N05 N05 N05 INDIAN HOTEL CO. 100
13
. N46
N46. N46. N46. N46
% % % %
G. . 8G. . 8G. . 8G. . 8G. . PI INDUSRTRIES
LK11+LK11+LK11+LK11
+L11
574
47( 947( 947( 914
47K
(9
( 94
C115C115C115C115C11
&50 &50 &50 &50 &50
. I 39 ACC
1243
I39. I 39. I 39. I 39
% % % 15
%
TL783TL783TL783TL783TL78
N 2N 2N 2N 2N
T T T T T
D D D D D
D %D %D %D %D
I I I I I
. . . . .
A A A A A

549

PER
) ) ) )TECHNICAL

ANALYSIS

1

)

L

L

L

L

L T T T

T

662
1422
956
2415
52.60
102
824
76.60
141
47.80
97.65

1233

D

NSE FUTURE : BUY WOCKPHARMA FUTURE ABOVE 994 TGT 1066 SL 964

NSE FUTURE : BUY ASIANPAINT FUTURE ABOVE 901 TGT 929 SL 885

NSE FUTURE : BUY SYNDICATEBANK FUTURE ABOVE 60.70 TGT 62.70 SL 59.90

NSE FUTURE : BUY LICHSGFIN FUTURE ABOVE 469 TGT 489 SL 462

-6.97 %
-5.86 %
-5.04 %
-4.30 %
-3.77 %
-3.75 %
-3.70 %
-3.53 %
-3.53 %
-2.58 %
-2.35 %
-2.35 %

568

T D D D D

NSE FUTURE : BUY TATAMOTORS FUTURE ABOVE 354 TGT 368 SL 349

-56.74 %

-1.03 %
-0.78 %

1 5- 2 5- 3 5- 4I 5- 5
I 5
P546P546P546P546P54
C89. C89. C89. C89. C89
A9 9A9 9A9 9A9 9A9
A11- A11- A11- A11- A11
7 7 7 7
P445P445P445P445P44
L L L L L
O92. O92. O92. O92. O92
A %A %A %A %A
L720L720L720L720L72
U
B22- U
B22- U
B22- U
B22- U
B22
L 4L 4L 4L 4L
N
O543N
O543N
O543N
O543N
O54
O O O O O
IR01. IR01. IR01. IR01. IR01
% % % %
TA957TA957TA957TA957TA95
IH11- IH11- IH11- IH11- IH11
ET 7ET 7ET 7ET 7ET
D
O003D
O003D
O003D
O003D
O00
D
D
O
O D
O D
O D
O
SE62. SE62. SE62. SE62. SE62
R %
R %
R %
R %
R
A
7
A
7
A
7
A
7
P77- D
P P77- D
P A
P77
D
SI SI 77- D
S S77- D
S
0II 0II 0II
IC960
I
P
P
P
P
P
EC 3C
EC963C
EC963C
EC963C
E96
TB. . . TB. . . TB. . . TB. . . C
T. .
I I I I B
I
EA %EA %EA %EA %EA
465R465R465R465R46
R
IL44- IL44- IL44- IL44- IL44
B
03B
03B
03B
03B
0
ID0
I0
I0
I0
I0
LS872D
LS872D
LS872D
LS872D
LS87
A
A A
A A
FTU. . . FTU. . . FTU. . . FTU. . . FTU. .
N
N
N
N
N
SC98%
SC98%
SC98%
SC98%
SC98
LP553
L553
L553
L553
L55
K -P
K -P
K -P
K -P
K
5
0
5
5
0
5
5
0
5
5
0
5
0
A761IA761IA761IA5
IA
7
6
1
I
LB LB LB LB LB76
R
R
R
R
R
IT48. IT48. IT48. IT48. IT48
A %A %A %A %A
N
0N 0N
0N 0N
D
N D
N D
N D
N D
N
D 3D 3D 3D 3D
K K K K K
U U U U U
S %S %S %S %S
R R R R R
T T T T T
R R R R R
I I I I I
E E E E E
S S S S S

NSE CASH

NSE CASH : BUY GODFRYPHLP NSE CASH ABOVE 1222 TGT 1252 SL 1185.

NSE CASH : BUY RUSHIL NSE CASH ABOVE 260 TGT 285 SL 252.

NSE CASH : BUY QUICKHEAL NSE CASH ABOVE 255 TGT 278 SL 247.

NSE CASH : BUY NIITECH NSE CASH ABVE 475 TGT 518 SL 265.

NSE CASH : BUY JUSTDIAL ABOVE 675 TGT 735 SL 654

NSE - WEEKLY NEWS LETTERS
✍ TOP NEWS OF THE WEEK
Public sector banks wrote off over Rs 1.14 lakh crore in last 3 fiscals: Arun Jaitley FM Arun Jaitley reportedly said that State-owned banks wrote off over Rs 1.14 lakh crore
debt during the last three financial years."The public sector banks have written off Rs
1,14,181 crore of debt during financial years 2013, 2014 and 2015." Jaitley stated that in
case of technical write-off, the recovery efforts continue as accounts remain the books of
branches.
ASSOCHAM urges PM to nudge CPSEs to spend Rs 5 lakh crore to revive growth Lauding the public sector enterprises to be ready with a large investment kitty of Rs 5.02
lakh crore for the next financial year, ASSOCHAM today urged Prime Minister Mr
Narendra Modi to convene a meeting of the CMDs of the CPSEs asking them to ensure
that the entire planned expenditure for the fiscal 2016-17 is spent to give a leg-up to the
economic growth.

Fitch Ratings lowers India's FY 2017 growth forecast to 7.7% - Fitch Ratings lowered
India's economic growth forecast for next fiscal to 7.7%, but maintained the GDP
projection for current fiscal at 7.5%. Fitch Ratings has made widespread downward
revisions to growth forecasts in its latest Global Economic Outlook.
India's Forex Reserves dips $3.58 bn to $346.79 bn - The country’s forex reserves
decresed by $3.58 billion from a week ago to $346.79 billion in the week ended February
26, according to RBI data. As per RBI data, the foreign currency assets stood at $325.02
bn on February 26. Gold reserves remained unchanged at $17.70 bn in the week.
Meanwhile, the Special Drawing Rights and the country's reserve position in the IMF
stood at US$ 1.47 billion and US$ 2.58 billion.

PSU banks NPAs increased by Rs. 1 lakh crore: Arun Jaitley - The bad loans of
public sector banks increased by nearly Rs. 1 lakh crore during the first nine months of
the current fiscal, Finance Minister Arun Jaitley reportedly said. Jaitley said that the gross
NPAs of the PSBs increased from 5.43% as on March 2015 to 7.30 per cent as on
December 2015. Gross NPAs of PSBs surged from Rs. 2,67,065 lakh crore in March
2015 to Rs. 3,61,731 lakh crore in December 2015, he said.


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