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Equity Research Report 25 july 2016 Ways2Capital .pdf



Original filename: Equity Research Report 25 july 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 Opened Positive on Monday with the 50 shares Index
Nifty 50 was up 23 points or 0.26 per cent at 8564. The domestic equity Indices remained
cautiously positive amid the kick start of the monsoon session of parliament kicks. There
are hopes that much awaited Goods and Services Tax bill will finally see light of the day.
The Market stay positive thanks to upbeat economic data and the beginning of the Earning
Season on a positive note. The Morgan Stanley hope the Reserve Bank of India may cut
the key rate by 50 bps point in current fiscal on the back of inflation is expected to fall at
4.6 per cent. The Foreign Direct Investment October last year and may this year grew 46
percent to $ 62 billion after the launch of make in India programme according to report.
The immediate trend of the market quite strong and may remain intact till the momentum
does not fizzle out below 8480-8450 zone decisively. The Crucial levels for Nifty is 85908640 up side and 8450-8480 is down side.

BANK NIFTY : - The Bank Nifty has opened in a Positive note on Monday up by 45
point or 0.24 percent at 18998. The Government has provide Rs. 22,915 crore of capital to
state run banks. Infusing Fund early in the Financial Year, as it look the boost lending and
shore up the Economic Growth. The biggest beneficiary of the capital allocation is State
Bank of India which gets nearly a third of the amount up-to Rs. 7,575 crore. According to
Fitch Rating report Indian Banks will need $ 90 billion in total additional Funds to meet
Global Capital Adequacy norms by 2019. Bad loans of the State Run Banks is Expected to
go up 10.1 per cent for the Current fiscal the Minister of State Finance Santosh Kumar
quoted as saying on Financial Stability Report. The Bank Nifty is Seems Positive for next
week it has Formed the Bullish Candle on daily chart. The Crucial levels for Bank Nifty is
19150-19280 up side and 18750-18615 down side.

Monday, 25 July 2016

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY

WEEKLY

MONTHLY

R2

R1

PP

8694

8582

8526

R2

R1

PP

S1

8862

8644

8535

8426

R2

R1

PP

S1

S2

8474

8168

7556

PP

S1

S2

9392

8780

S1

S2

8470

8358
S2
8208

BANK NIFTY
DAILY

R2

R1

19199
WEEKLY

18839

R2

R1

20612
MONTHLY

18659

18479

PP

19404

18800

18119

S1

S2

18196

16988
S2

R2

R1

PP

S1

22333

19837

18859

17341

14845

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

8312

8149

7870

7828

BANK NIFTY

18016

17541

16581

16583

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

7984

7051

6501

BANK NIFTY

17465

16586

16335

PATTERN FORMATION ( NIFTY )

Detail of Chart On the Above given daily Chart of Nifty has Applied the Bollinger Band Along with
Parabolic SAR, both the indicators give the early indication of Bullish or Bearish trend of
the market. The uses of Bollinger Band varies from traders to traders Some buy when it
break the middle Band on upper Side and some buy after the break out of Upper band
from down respectively. On the Above given Chart of Nifty earlier it has touched the
Upper Band but was not able to break the level of strong resistance of 8600. Now it
seems that trend has reverse into the bear in the Daily Chart has Formed the Bearish
Engulfing candle which is also the signal of market reversal. If the Nifty is able to Sustain
the 8480 level we could see some positive trend for upcoming week, break below 8480
could touch the level of 8400 in upcoming week. The Crucial levels for Nifty is 84808350 down side and 8580-8640 is Upside.

PATTERN FORMATION ( BANK NIFTY )

Details of ChartOn the Above given Chart of Bank Nifty has Applied the Bollinger Band along with the
Parabolic , both the indicators give the early indication of Bullish or Bearish trend of the
market. Thus uses of Bollinger Band varies from traders to traders Some buy when it
break the middle Band on upper Side and some buy after the break out of Upper band
from down. On the above given Chart we could see that the price is near the middle Band
if it is able to sustain the middle Band level it could lead the Bank Nifty in bull side in
upcoming week. Break below middle Band which is around 18650 could lead the Bank
Nifty toward the level of 18400 in Near-Term the crucial level for Bank Nifty is 1865018470 down side and 18950-19200 is Upside.

NSE EQUITY DAILY LEVELS
COMPANY
NAME

R2

R1

PP

S1

S2

ACC

EQ

1713

1697

1687

1671

1661

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 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
EQ

76
269
1059
551
2784
155
109
143
371
526
335
161
3668
407
4999
734
1369
1241
3297
141
923
268
260
1153
1085
72
770
1593
1451
34889
4468
226
115
54
418
1024
572
53
228
182
802
518
74
375
132

74
266
1051
544
2755
152
107
142
369
523
333
160
3633
402
4952
732
1359
1236
3281
138
912
265
255
1148
1079
70
764
1583
1446
34532
4442
225
113
52
413
1018
567
52
225
176
794
512
73
371
129

73
264
1047
538
2737
151
106
140
366
517
331
156
3606
396
4901
726
1343
1228
3266
134
905
262
251
1139
1072
69
759
1568
1442
34333
4424
222
111
51
406
1012
557
52
224
165
788
503
72
363
127

72
261
1039
531
2708
148
104
139
364
514
329
155
3571
391
4854
724
1333
1223
3250
131
894
259
246
1134
1066
67
753
1558
1437
33976
4398
221
109
49
401
1006
552
51
221
159
780
497
71
359
124

71
259
1035
525
2690
147
103
137
361
508
327
151
3544
385
4803
718
1317
1215
3235
127
887
256
242
1125
1059
66
748
1543
1433
33777
4380
218
107
48
394
1000
542
51
220
148
774
488
70
351
122

TOP 15 ACHIEVERS

SR.NO

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

SCRIPT NAME

BHARAT PETRO

PREV
CLOSE

554

AURO PHARMA

761

ACC

1613

COAL INDIA LTD

318

ULTRATECH CEM
TATA MOTORS

3531
494

TCS

2445

ADANI PORTS

220

BHARTI INFRAT

353

ASIAN PAINTS

1025

SUN PHARMA

770

POWERGRID COR
AMBUJA CEMENT
LUPIN LIMITED

164
260
1670

HCL TECH

717

CMP

583
796
1683
331
3640
507
2513
225
360
1047
786
167
265
1700
728

//

% CHANGE

+5.18 %
+4.56 %
+4.34 %
+3.81 %
+3.08 %
+2.80 %
+2.78 %
+2.20 %
+2.17 %
+2.06 %
+2.02 %
+1.86 %
+1.86 %
+1.79 %
+1.57 %

SR.NO

TOP 15 LOOSERS

SCRIPT NAME

PREV CLOSE

CMP

1

BANK BARODA

164

150

2

AXIS BANK LTD.

565

537

3

HUL

941

903

4

IDEA CELLULAR

111

106

5

SBIN

231

223

6

ONGC

230

222

7

BHARTI AIRTEL

378

367

8

WIPRO LIMITED

554

537

9

TATA STEEL

372

365

10

YES BANK LTD

1179

1156

11

M&M

1464

1440

12

ZEEL

471

464

13

KOTAK BANK

772

760

14

MARUTI SUZUKI

4472

4414

15

BHEL

142.60

140.90

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS)
Cash Pack
NSE CASH

:

BUY INFRATEL NSE CASH ABOVE 370 TGT 390 SL 360.

NSE CASH

:

BUY IDEA NSE CASH ABOVE 108 TGT 115 SL 105.

Future Pack
NSE FUTURE :

SELL YESBANK FUTURE BELOW 1150TGT 1130 SL 1160.

NSE FUTURE :

BUY UNION BANK FUTURE ABOVE 131 TGT 135 SL 129

NSE FUTURE :

SELL KOTAKBANK FUTURE BELOW 750 TGT 740 SL 755.

% CHANGE

-8.25 %
-4.84 %
-4.07 %
-3.96 %
-3.46 %
-3.39 %
-3.05 %
-3.02 %
-2.00 %
-1.91 %
-1.66 %
-1.58 %
-1.57 %
-1.28 %
-1.19 %

NSE - WEEKLY NEWS LETTERS
✍ TOP NEWS OF THE WEEK
Government Forgoes Rs. 17.15 lakh crore revenue due to tax incentives - A total of
Rs 17,15,461 crore revenue has been foregone by the government due to tax incentives in
the last three financial years, Parliament was informed today.
The amount foregone is estimated at Rs 93,047 crore in 2013-14; Rs 1,18,593 crore in
2014-15; and Rs 1,28,639 crore in 2015-16, Minister of State for Finance Santosh Kumar
Gangwar said in a written reply to Rajya Sabha. Likewise, the amount forgone Indirect
Tax is estimated at Rs 4,56,937 crore in 2013-14, Rs 4,35,756 crore in 2014-15; and Rs
4,82,489 crore in 2015-16. Gangwar said Rs. 13,03,344.61 crore was allocated for food
subsidy in 2016-17 and so far Rs 57,333 crore has been released.
Textile Sector to grow at 6 per cent to $ 40 billion in FY 2017 - After witnessing a degrowth of 2 per cent in FY 2016, textile exports is expected to grow at 6 per cent to $ 40
billion in FY 2017, driven by the expectations of growth in the apparel segment and
higher Fibre prices, says ICRA in its research update on the Indian textile industry.
According to Anil Gupta, VP, Corporate Sector Ratings, ICRA Ltd "Despite volume
growth in most of the segments, de-growth in the value of textile exports during FY2016
was driven by lower Fibre prices. For FY2017, while raw-cotton export is expected to
decline, however, other segments, especially apparels, shall see positive volume growth,
especially due to improved export competitiveness supported by the recent financial
package for the textile industry."
Government not in favour of any fresh exemptions for new Japanese industrial
enclaves - With the government keen to weed out exemptions and lower the corporate tax
rate to an internationally comparable 25%, it is not willing to give any fresh ones. As a
result, the proposed Japanese enclaves for industries have hit a tax wall with the revenue
department making it clear that it cannot offer sops against its overall philosophy of
ending them. This issue figured in an inter-ministerial meeting called by Niti Aayog, said
a government official aware of the matter. "The revenue department is not in favour of
taking up any fresh exemptions," the official said. The final decision will be taken at the
highest level. The industrial townships are envisaged as integrated industrial parks with
ready made operational platforms having world-class infrastructure, plug-and-play
factories and investment incentives for Japanese firms. This is part of the Japanese
government's initiative to double investments in India to about $35 billion in the next five
years and strengthen bilateral economic ties. The government has already unveiled its

plan to remove corporate tax exemptions and bring down the rate to 25%.
India tops chart in financial inclusion progress: BCG - India has topped the chart
denoting the progress made by countries on the financial inclusion front as around 20
crore people have "gained access" to financial services, according to a report by global
consultancy firm BCG. However, the report said India and several other countries are not
effectively converting their economic growth into well-being improvements for their
citizens. "India also produced strong ...improvements but converted its strong growth into
well-being at a rate slightly below average," the Boston Consulting Group today said in
its report titled 'The Private-Sector Opportunity to Improve Well-Being: The 2016
Sustainable Economic Development Assessment'. The report noted that India also leads
the pack in progress on financial inclusion as nearly 200 million people have gained
access to financial services.
Growth in external private debt makes emerging economies vulnerable: Moody's The growth in debt levels over the decade-mainly driven by private debts makes
emerging market economies vulnerable to external shocks, global credit rating agency
Moody's Investors Service has said in a report. According to the report titled 'The
Evolution of Emerging Markets External Debt: Private Sector Debt Drives Broad-Based
Build-Up of Emerging Markets External Vulnerability Risks', the debt growth was
highest in the Asia-Pacific region. The largest increase were reported in external
borrowings in China, India, Indonesia, Taiwan and Malaysia, Moody's said. Driven by
growth in private debt in China, India and Indonesia, debt levels in the Asia-Pacific
region have grown at an average rate of 13.5 per cent, the report said.
States collect Rs 27,000 crore construction cess; spend Rs 5,600 crore - States and
Union Territories, which have collected Rs 26,962.18 crore as construction cess, had
spent only Rs 5,684.8 crore till March end this year, Labour Minister Bandaru Dattatreya
said today. In a written reply to the Rajya Sabha, the minister further said: "The
responsibility of collecting cess and its utilization for welfare of workers lies with the
respective state governments/UT administrations and state Building and other
Construction Workers' Welfare boards." Under the Building and Other Construction
Workers' Welfare Cess Act 1996, realty developers are required to pay cess of 1 per cent
of the total cost of construction incurred by the employer. The cess is levied for
augmenting the resources of the Building and Other Constructions Workers Welfare
Board.


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