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Equity Research Report Ways2Capital 09 May 2016 .pdf



Original filename: Equity Research Report Ways2Capital 09 May 2016.pdf
Title: TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

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TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : The Market has opened lower on Monday on the back of weak global
cues. The Nifty was down 51 points at 7798. Asia markets took sell in may sentiments to
heart, The Bank of Japan’s surprise decision to not to infuse further stimulus in the
economy. Oil prices dipped on sign that production in the middle east is continuing to rise,
Sentiments globally took a beating as manufacturing data in major world economies
brought back fresh concerns over global economic growth. On the domestic front Quarter
fourth results of companies surprised more companies are reporting better number than
expectation. Widening stress in banking sector sluggish economic indicators is indicating
difficult time ahead. “ A sustainable move below for Nifty 7700 level could possibly
accelerate the ongoing downward momentum and the correction could then extend till
7,600-7,516 levels. If the Nifty Sustain the 7700 level we may witness some positive
movement in the market in upcoming week. The strong Support for Nifty is 7700-7640
and Resistance 7780-7850.

BANK NIFTY : - The Bank Nifty has opened Negative on Monday down by 181 points
at 16614. The Several Public Sector Banks including State Bank of India are yet to raise
funds totalling over Rs. 22,000 crore from markets, for which they were granted
permission by the government the Finance Minister Arun Jaitealy said on Friday. The
Reserve Bank of India governor in a reply submitted to the Public Accounts Committee ,
which had sought the reasons for the "ballooning" of the stressed assets in the banking
system, listed six reasons. Scheduled commercial banks credit grew by 9.7 per cent in the
quarter ended December helped by higher growth in advances of private sector banks RBI
said. from the global front the strong US economic data suggest that June fed rate hike
may possible. The Strong support for Nifty is 16300-16100 and Resistance is 1650016750.

Monday, 09 May 2016

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY

WEEKLY

MONTHLY

R2

R1

PP

S1

S2

7850

7756

7709

7662

7568

R2

R1

PP

S1

S2

8347

7963

7771

7579

7195

R2

R1

PP

S1

S2

8347

7963

7771

7579

7195

R2

R1

PP

S1

S2

16733

16419

16262

16105

15791

R2

R1

PP

S1

S2

18139

17073

16540

16007

14941

R2

R1

PP

S1

S2

18139

17073

16540

BANK NIFTY
DAILY

WEEKLY

MONTHLY

16007

14941

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

7801

7616

7579

7852

BANK NIFTY

16346

15711

15706

16688

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

7956

7379

6840

BANK NIFTY

17038

14574

17596

PATTERN FORMATION ( NIFTY )

Detail of Chart On the Above given chart of Nifty has applied the Parabolic SAR along with Channel
Line these are the trend identifying pattern and made the Resistance level in the Nifty
daily chart that made on the above given chart we have draw the Trend line for more than
the week period and it is not able to break the up level. However in upcoming trading
session it could come back the level which is the strong Support for the Nifty50 around
7800. Now we are expecting that if the Nifty is able to sustain the 7750 level we may
witness the consolidation trend of Nifty for some more sessions on the other hand if Nifty
rebound the 7800-7850 level again we may see the positive rally in the index. The Strong
Support for Nifty50 is 7750-7800 and the Resistance is 7850-7900.

PATTERN FORMATION ( BANK NIFTY )

Details of ChartOn the Above given chart of Bank Nifty has applied the Channel line along with MACD
these are the trend identifying pattern and made the Resistance level in the Bank Nifty
daily chart that made on the above given chart we have draw the Channel line for more
than the week period and it is not able to break the up level. However in upcoming
trading session it could break the upper level which is the strong Resistance for the
Nifty50 around 16700. Now we are expecting that if the Bank Nifty is able to sustain the
16700 level we may witness the consolidation trend of Bank Nifty for some more
sessions on the other hand if Bank Nifty rebound the 16700-16900 level again we may
see the positive rally in the index. The Strong Support for Bank Nifty is 16500-16350 and
the Resistance is 16900-17200.

NSE EQUITY DAILY LEVELS
COMPANY NAME

R2

R1

PP

S1

S2

ACC
ALBK

EQ
EQ

1426
56

1404
54

1396
54

1374
52

1366
52

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

221
895
466
2467
153
88
125
368
546
285
126
2958
393
4153
740
1185
1142
2969
93
860
222
325
1052
1198
68
719
1285
1344
34240
3849
212
87
55
391
980
526
51
185
106
820
406
73
335
121

219
876
464
2458
150
86
124
362
544
284
125
2945
375
4128
738
1173
1139
2948
92
853
218
319
1046
1195
67
713
1280
1325
34120
3843
212
85
55
387
977
522
50
182
105
815
396
71
333
119

217
869
461
2444
149
86
122
358
539
280
123
2906
369
4105
729
1161
1129
2884
90
850
215
312
1035
1186
65
705
1267
1316
33760
3822
209
84
54
382
973
518
49
181
104
809
390
70
329
117

215
850
459
2435
146
84
121
352
537
279
122
2893
351
4080
727
1149
1125
2863
89
843
211
306
1029
1183
64
699
1262
1297
33640
3816
209
82
53
378
970
514
49
178
102
804
380
69
327
115

213
843
456
2421
145
84
119
348
532
275
120
2854
345
4057
718
1137
1115
2799
87
840
208
299
1018
1174
62
691
1249
1288
33280
3795
206
81
52
373
966
510
48
177
101
798
374
67
323
113

TOP 15 ACHIEVERS

SR.NO

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

SCRIPT NAME

PREV
CLOSE

CMP

//

% CHANGE

HDFC

1085.55

1191.60

+9.77

GAIL

363.20

388.+60

+6.99

TATA PWOER

69.25

73.75

+6.50

AURBINDO PHAR

764.35

810.60

+6.05

NTPC

137.15

143.85

+4.89

ASIAN PAINTS

873.10

910.20

+4.25

MARUTI SUZUKI

3747.95

3871.55

+3.30

HDFC BANK

1113.95

1144

+2.70

ZEEL

405

414.85

2.43

BHEL

125

127.80

+2.24

CIPLA

528.25

539.50

+2.13

KOTAK BANK

701.45

713.70

+1.75

INDUSIND BANK

1035

1052.55

+1.70

LUPIN

1576.30

1602.50

+1.66

L&T

1259.55

1278.20

+1.48

SR.NO

1

TOP 15 LOOSERS

SCRIPT NAME

IDEA

PREV CLOSE

126.50

G33+G33+G33+G332+G33 HCL TECH
799.90
A686A686A686A686A68
I38. I 38. I 38. I 38. I 38 DR REDDY LAB
3083.35
3
L. . 9L. . 9L. . 9L. . 9L. .
2
+
9
2
+
9
2
+
9
2
+
9
2
+
6.78+7.78+8.78+9.
A784+10.
A78 AICICI
A BANK
A
240.10
01
66U6
01
66U6
01
66U6
01
66U6
01
6
U6
R40. R40. R40. R40. R40 BANK BARODA
160.55
5
B. . 0B. . 0B. . 0B. . 0B. .
I8
39
6+
5A
I8
39
6+
5A
I8
39
6+
5A
I8
39
6+
5I 8
39
6 TATA STEEL
A
347.60
6A
N7
51
04S
N7
51
04S
N7
51
04S
N7
51
04S
N7
51
0
S
ID30. ID30. ID30. ID30. ID30 HINDALCO
96.90
O. . 2A
O. . 2A
O. . 2A
O. . 72A
O. .
A
N
H12
15
+N
H12
15
+N
H12
15
+N
H12
185
+N
H12
1 WIPRO
553.10
P
D0
10
12P
D0
10
12P
D0
10
12P
D0
10
12P
D0
10
1
H
H
H
H
H
P
P
P
P
P
F14. F14. F14. F14. F14 SBI
192.05
9
A
C347A
C347A
C347A
C347A
C34
R
R
R
R
IR
I
I
I
I
. 1+
0B1
. 1+
0B1
. 1+
0B1
. 1+
0B1
. 1 BHARTIARTL
B1
372.70
N
B2
922N
B2
922N
B2
922N
B2
910
B2
92
22N
H
H
H
H
H
T
T
T
T
T
A57. A57. A57. A57. A57 TATA MOTOR
411.35
S
N . 2S
N . 2S
N . 2S
N 11
N.
E
E
E
E
E
. 2S
K77
K77
84K77
84K77
84K77
8+
4K
8 RELIACNE
K
996.70
L +K
L +K
L +K
L 12
L
01 01
01 01
01 01
01 01
0
01
O O O O O
13. 13. 13. 13. 13 INFY
1209.15
13
T. . 7T. . 7T. . 7T. . 7T. .
L4
L4
L4
L4
L4
17
15
+A
17
15
+A
17
15
+A
17
15
+A
17
1 HINDUNILVR
876.25
A
14
50
61 50
61 50
61 50
61 50
6
U
K70. U
K70. U
K70. U
K70. U
K70
TATA CONSULTEN 2529.75
P626P626P626P615
26P62
..6 ..6 ..6 ..6 ..
IB IB IB IB IB
35 35 35 35 35
N00 A
N00 A
N00 A
N00 A
N00
A

N N N N N
NEXT WEEK STARS( AS PER ECHNICAL
ANALYSIS PRIDICTION )
K K K K
+13.67 AMBUJAK CEMENT
AM 204
232
FUTURES PACK
%
BUJ
18128
20371
1. B +12.37 2.
B 12+3.12+4.12+5.12+6.
B12+B B B
%
1
1
1
1
1
A
NSE CASH : BUY HITACHIHOM
CASH ABOVE
1530 SL 1355.
OSCH
80O80O801400
O80O80TGT
ACC
1240
1385 O +11.68NSE
ACC
2
2
2
2
2
CEM
%
S NSE CASH
LTD.ABOVE
13. S166
3. S1TGT
3. S13. S173
3. SL 64.
NSE CASH : BUY J&K BANK
ENT
C
2
7
C
2
7
C
2
7
C
2
7
C
2
73 1226 SL 1080.
3 31115
3 3TGT
NSE CASH : BUY EMAMILTD NSE CASH ABOVE
H
817H817H817H817H817

NSE CASH : BUY VGUARD NSE CASH ABOVE 1305 TGT 1440 SL 1260.

%
%
NSE CASH : BUY UTTAMSUGAR
NSE CASH ABOVE
57.50
L
L %L %L
L %TGT 63 SL 55.50.

CASH PACK

T
D
.

TTTT
DDDD
. . . .

NSE FUTURE : SELL JUSTDIAL FUTURE BELOW 760 TGT 700 SL 775.
NSE FUTURE : SELL HEXAWARE FUTURE BELOW 212 TGT 190 SL 220.
NSE FUTURE : SELL VEDL FUTURE BELOW 102.50 TGT 95 SL 104.
NSE FUTURE : BUY RELIANCE CAPITAL FUTURE ABOVE 488 TGT 540 SL 480.
NSE FUTURE : BUY TITAN FUTURE ABOVE 369 TGT 400 SL 360.

CMP

% CHANGE

114.75

-9.29

725.80

-9.26

2847.80

-7.65

222.25

-7.43

152.70

-4.89

333.75

-3.98

93.50

-3.51

536.85

-2.94

186.50

-2.89

363.40

-2.50

401.10

-2.49

975.90

-2.09

1184.60

-2.03

859.20

-1.95

2482.60

-1.79

H77- H77- H77- H77- H77
C929C929C929C929C92
L95. L95. L95. L95. L95
..2 ..2 ..2 ..2 ..
T2
92
8-62.
T2
92
8-63.
T2
92
8-64.
T
92
8-65.
92
8
1.
I2
IT2
E4
02
07C
E4
02
07C
E4
02
07C
E4
02
07C
E4
02
0
C
IC02. IC02. IC02. IC02. IC02
H. . 4C
H. . 4C
H. . 4C
H. . 4C
H. .
C
I3
13
2-3T
I3
13
2-3T
I3
13
2-3T
I3
13
2-3T
I3
13
2
T
03
53A
B4
03
53A
B4
03
53A
B4
03
53A
B4
03
5
A4
B73. T
A73. T
A73. T
A73. T
A73
T
N. . 9A
N. . 9A
N. . 9A
N. .
A. . 9A
N
6
6
6
6
6
W
57
58
-K
W
57
58
-K
W
57
58
-K
W
57
58
-K
W
57
5
K
S
I0
55
32S
I0
55
32S
I0
55
32S
I0
55
32S
I0
55
3
T
T
T
T
T
P36. P36. P36. P36. P36
E
E
E
E
E
R. . 9R. . 9R. . 9R. . 9R. .
E
O3
13
8-4E
O3
13
8-4E
O3
13
8-4E
O3
13
8-4E
O3
13
8
B
B
B
B
B
L7
06
52L7
06
52L7
06
52L7
06
52L7
06
5
H H H H H
23. 23. 23. 23. 23
A. . 5A. . 5A. . 5A. . 5A. .
740 9
740 9
740 9
740 9
74
R
R99- R
R 9- R
R 9- R
R 9- R
R9
07
02 9
07
02 9
07
02 9
07
02 9
07
0
9
E
E
E
E
E
T65. T65. T65. T65. T65
L
I. . 0L
I . . 0L
I . . 0L
I . . 0L
I. .
7
89
89
- IH7
89
89
- IH7
89
89
- IH7
89
89
- IH7
89
8
IH
A0
70
51A0
70
51A0
70
51A0
70
51A0
70
5
IA IA IA IA IA
R69. R69. R69. R69. R69
N. . 9C
N. . 9N. . 9C
N. . 9N. .
C
T225T225C
T225T225C
T22
D
D
D
D D
N
N
N
L50 L50 L50 N
L50 N
L50
U E
U E
U E
U E
U
E
N N

N

N

N

I

I

I

I

I

L

L

L

L

L

V V

V

V

V

R R

R

R

R

NSE - WEEKLY NEWS LETTERS
✍ TOP NEWS OF THE WEEK
India can save $50 billion if logistics costs are brought down to 9% of GDP - India
can save up to $50 billion if logistics costs are brought down from 14 per cent to nine per
cent of country’s gross domestic product thereby making domestic goods more
competitive in global markets, an ASSOCHAM-Resurgent India joint study said
today.“With expected inflow of new investments owing to government’s thrust on
promoting domestic manufacturing sector, India’s cargo and logistics industry is likely to
clock a compounded annual growth rate of about 16 per cent during the course of next
few years,” noted the study conducted by ASSOCHAM jointly with knowledge firm
Resurgent India. “The ‘Make in India,’ campaign will see investments connect India to
global production networks that would generate new business for logistics in the country
thereby making it an attractive location to do business as compared to other regions in the
world.

India's manufacturing activity slows to four-month low in April - PMI data indicated
that Indian manufacturers raised output at a slower pace in April as new business inflows
were broadly unchanged during the month. The upturn in new export orders was
sustained, although growth was at a six-month low. There were divergences with regards
to stock levels, with holdings of finished goods continuing to fall while pre-production
inventories rose again. On the price front, input costs increased at the fastest rate in 11
months, whereas charge inflation eased since March. Reflecting softer contributions from
four of its five sub-components, the seasonally adjusted Nikkei India PMI– a composite
single-figure indicator of manufacturing performance – fell from 52.4 in March to 50.5 in
April. The latest figure pointed to the weakest improvement in business conditions in the
current four-month sequence of above-50.0 readings.

Government expecting Rs 25 lakh crore investment for infra development: Nitin
Gadkari - The Government expects investments worth Rs. 25 lakh crore in roads,
railway and shipping infrastructure over the next three years, including setting up of 27
industrial clusters at ports at ~INR 8 lakh crore, Road Transport & Highways Minister
Nitin Gadkari said on Friday at an event in New Delhi. According to him, the Centre
plans to spend an additional Rs. 5 lakh crore on road, railway and ports connectivity
projects, apart from Rs. 8 lakh crore on 27 industrial clusters and smart cities at ports. He
also announced that the total award of highways projects will rise to INR 2 lakh crore by

May this year as compared to Rs. 1.6 lakh crore at present. Gadkari added that the figure
would rise to INR 5 lakh crore by May 2017.

Caixin China General Manufacturing PMI at 49.4 in April - Operating conditions
across China’s manufacturing sector continued to deteriorate in April, albeit marginally.
Output was little-changed from the previous month, as total new orders stagnated and
new export work fell for the fifth month in a row. Relatively weak market conditions and
muted client demand contributed to a further solid decline in staff numbers. Companies
also displayed cautious inventory policies in April, with stocks of finished goods and
inputs both falling at faster rates. Prices data indicated that inflationary pressures
intensified across the sector in April, with input costs rising at the quickest pace since
January 2013, which in turn underpinned the quickest rise in output charges since
October 2011.

Services trade may play bigger role in GDP numbers -The government plans to enrich
and sharpen its data calculation by including detailed statistics on trade in services to
determine a more comprehensive economic growth figure for the country. The commerce
ministry has asked the statistics ministry to collect country-wise and product-wise data on
trade in services to compute an all-encompassing gross domestic product estimate.This
will give a better picture of India's exports and create a complete database of the goods
.and services trade. The statistics ministry plans to start collecting this data from July.

Raghuram Rajan's advisers worry over 2.1% decline in remittances to $68.9 billion
- External advisers of Reserve Bank of India governor Raghuram Rajan are worried about
the monetary policy implications of slowing remittances by overseas Indians for the first
time since 2009 even though India does not rely significantly on such funds to meet
foreign exchange requirements. Remittances to India, the world's largest remittance
recipient, decreased 2.1% last year to $68.9 billion, a World Bank release had said earlier
this week. "This marks the first decline in remittances since 2009 it said.

Good monsoon holds key faster growth - Arun Jaitley - Finance Minister Arun Jaitley
on Thursday said India can grow at an even faster pace this year if predictions of good
monsoon hold up. Jaitley was speaking in Lok Sabha, which approved the Finance Bill
2016. good monsoon will improve agriculture and raise rural income," he said, adding
that the economy which had been expanding on back of public investment, highest
foreign direct investment and urban demand, could grow faster if rural demand is added.
The economy is projected to grow by 7.5% in this fiscal and the latest forecasts,
predicting an above-average rainfall after two years of drought, bore well.


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