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Equity Research Report 30 January 2017 Ways2Capital .pdf


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TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : - Indian Benchmark Index Nifty has broken its range low of 8374 benchmark index closed
at 8349 on Friday, 86 points down from last trading session close of 8435. The Index displayed weakness on
Friday on the backdrop of poor Quarterly numbers. The new era of International politics has begun with
Donald Trump coming into power. On Friday much awaited Trump inaugural speech was basically clueless
about plan of “Trumponomics”, but was full of nationalistic rhetoric. Technically, Nifty is still in positive
zone. Market has been consolidating since many days and we were near to a breakout or breakdown, now.
Nifty may see breakout once it breaches levels of 8700 levels whereas a downfall would be seen if it breaches
levels of 8580. India’s benchmark index Nifty open in a negative on Monday trading session down by 20 points
at 8329. Nifty closed the Jan series almost 500 points up at pre-demonetization level of 8600 ahead of Budget
next week. Market sentiment is also upbeat for hopes of a “dream budget” this time to reduce the
demonetization pains ahead of state elections. but strict adherence of fiscal deficit target & capital market
taxation issues may also spoil the “feel good” party. Technically, Indian Stock Market is still in positive zone.
Now, Nifty is headed towards 9000 levels. We would see some profit booking that would be temporary in
nature. 8511 is a monthly reversal levels. The support for the Nifty is 8550-8496 and the resistance to the up
move is at 8707-8740 levels.

BANK NIFTY : - The Bank Nifty and Small Cap Indices ended in negative territory and closed at 18821,
300 points down from its last day’s close on Friday trading Session. The Bank Nifty open in a negative territory
on Monday trading Session down by 58 points at 18762. The Banking Shares Index remained flat on Tuesday.
It opened at 18762, made a high of 18910 and closed at 18842. it also participated in the rally with the high of
19054 and closed at 19023. The Index saw a charge of 300 points on the upside o Friday trading session. Bank
Nifty’s recent high of 19300 has been crossed and if the Index is able to sustain above 19500, then a big up
move towards 20000 levels is a possibility. Technically Bank Nifty need to stay above 19515 area for further
rally towards 19900-20000 zone. On the other side, sustaining below 19800 area, Bank Nifty may further fall
towards 19500-19100 & 18900 zone for the Next week trading sessions.

Monday, 30 January 2017

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY

WEEKLY

MONTHLY

R2

R1

PP

S1

S2

8834

8710

8648

8586

8462

R2

R1

PP

S1

S2

9573

8895

8556

8217

7539

R2

R1

PP

S1

S2

10104

9028

8490

7952

6876

R2

R1

PP

S1

S2

20467

19957

19702

19447

18937

R2

R1

PP

S1

S2

22633

20499

19432

18365

16231

R2

R1

PP

S1

S2

24997

21081

19123

17165

13249

BANK NIFTY
DAILY

WEEKLY

MONTHLY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

8343

8299

8324

8276

BANK NIFTY

18745

18664

18673

18364

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

8330

7945

7963

BANK NIFTY

18722

17640

16569

PATTERN FORMATION ( NIFTY )

Detail of Chart -On the Above given Chart of Nifty We can see that Nifty index has been given
positive trend or in the Range of 8400-8680 Range in Whole Week. . On the Daily Chart of Nifty it
has made the Bullish kind of Pattern. Which is a Clearly signal for Trend Continuation Signal for
Upcoming week. the levels of 8450 after which it created a high of 8680. If Trend is Followed, Nifty
would trade in Positive zone for next trading session and can touch the level of 8800. The Bollinger
Band is Also giving Signal that if it is Sustaining the Level of 8560 could move the Nifty toward the
8800 level. The support for the Nifty is 8551-8425 and the resistance to the up move is at 8760-8800
levels.

PATTERN FORMATION ( BANK NIFTY )

Detail of Chart -On the Above given daily Chart of BANK NIFTY has Applied the Bollinger Band
along with MACD. Both are the Indicators trading in Negative Territory and it is clearly visible if the
banking Index is able to Sustain the level of 19800 can uplift the index toward the 19900-20000 level
in near term. From this level we are Expecting the If Bank Nifty is able to Sustain the Level of
19750-19800 may go Further Up side to the level of 19920-19980-20000 Level for Next week or
sustaining below 19500 zone, Bank Nifty may further fall towards 19300-18950 area for next week
trading Session. The Support for Bank Nifty is at 19525-19152 and the Resistance 19950-20190 to the
up move is at 20150-20280-20360 levels.

NSE EQUITY DAILY LEVELS
COMPANY NAME

R2

R1

PP

S1

S2

ACC
ADANI PORTS

EQ
EQ

1452
310

1440
308

1432
306

1421
304

1412
302

AMBUJACEM
ASIAN PAINT
AXISBANK
BAJAJ-AUTO
BANKBARODA
BPCL
BHEL
BHARTIARTL
BOSCH LTD
BHARTI INFRATEL
CIPLA
COALINDIA
CAIRN INDIA LTD
DRREDDY
GAIL
GRASIM
HCLTECH
HDFC
HDFCBANK
HEROMOTOCO
HINDALCO
HINDUNILVR
ICICIBANK
ITC
INDUSIND BANK
INFY
IDEA CELLULAR
KOTAKBANK
LT
M&M
MRF
MARUTI SUZUKI
ONGC
NTPC
RCOM
RELCAPITAL
RELIANCE
RELINFRA
RPOWER
SBIN
SSLT( VEDL)
SUNPHARMA
TATA MOTORSDVR
TCS
TATAMOTORS
TATAPOWER
TATASTEEL
UNIONBANK
YES BANK LIMITED
ZEEL

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
EQ
EQ
EQ
EQ

236
992
480
2912
172
738
146
332
23277
358
595
322
284
3039
499
944
853
1403
1312
3291
198
888
283
270
1284
942
78
812
1485
1280
53891
5992
210
182
32
476
1033
539
46
273
260
647
348
2394
557
82
474
147
1433
525

234
986
476
2885
168
725
140
322
22889
356
588
320
282
3015
491
936
847
1387
1302
3250
194
876
278
263
1268
928
77
802
1463
1266
53596
5956
207
180
32
470
1028
533
45
270
259
644
344
2377
548
81
472
145
1415
511

232
980
472
2856
166
715
138
312
22561
354
583
318
280
2988
486
930
844
1358
1292
3225
190
864
269
260
1247
912
76
790
1448
1254
53338
5890
205
175
31
466
1024
527
44
264
257
638
342
2361
544
80
470
143
1402
498

230
974
466
2814
164
700
132
303
22173
352
576
316
278
2964
478
922
838
1342
1284
3184
186
852
264
253
1239
889
75
788
1426
1240
53043
5854
202
173
31
460
1019
521
43
261
256
635
338
2344
535
79
468
141
1384
484

228
968
460
2798
162
688
128
294
21845
350
571
314
276
2937
473
916
835
1313
1276
3159
182
848
255
255
1224
874
74
774
1411
1228
52785
5788
200
168
30
456
1015
515
42
255
254
629
336
2328
531
78
466
139
1371
471

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

HINDALCO INDUS.

171

190

HDFC

1237

1373

IDEA CELLULAR

71

78

BANK OF BARODA

154

167

KOTAK BANK

723

785

BHEL

129

139

GRASIM

863

931

ACC

1326

1430

ADANI PORTS

284

303

AMBUJA CEMENT

217

232

ZEEL

467

496

ULTRATECH

3471

3686

SBIN

251

266

BHARAT PETRO

664

704

BAJAJ AUTO

2701

2854

% CHANGE

+ 11.13 %
+ 11.02 %
+ 9.09 %
+ 8.65 %
+ 8.57 %
+ 8.18 %
+ 7.87 %
+ 7.86 %
+ 6.97 %
+ 6.94 %
+ 6.34 %
+ 6.18 %
+ 6.13 %
+ 6.02 %
+ 5.67 %

TOP 15 LOOSERS
SR.NO

SCRIPT NAME

PREV CLOSE

CMP

% CHANGE

1

MPS LTD.

744

681

- 8.52 %

2

IPCl LAB

558

536

- 4.00 %

3

REPRO INDIA LTD. 407

394

- 3.22 %

4

BAJAJ CORP LTD. 395

383

- 3.17 %

5

AJANTA PHARMA 1781

1728

- 2.97 %

6

8K MILES SOFT

636

618

- 2.82 %

7

ALEMBIC PHA.

593

576

- 2.82 %

8

PIRAMAL ENTER 1768

1718

- 2.79 %

9

WIPRO LTD

477

465

- 2.58 %

10

KAVERISEED CMP 481

470

- 2.20 %

11

ABB INDIA

1131

1110

- 1.87 %

12

VOLTAS LTD.

342

336

- 1.81 %

13

JK PAPER LTD.

94.85

93.35

- 1.58 %

14

INFOSYS

948

942

- 0.69 %

15

HUL

860

855

- 0.52 %

4
3
2
2
2
1
0

NEXT WEEK STARS ( AS PER TECHNICAL ANALYSIS )
NSE FUTURE
NSE FUTURE : BUY ICICIBANK FUTURE ABOVE 274 TGT 280 SL 270
NSE FUTURE : BUY ASHOKLEY FUTURE ABOVE 93.50 TGT 96.50 SL 92
NSE FUTURE : SELL ASIANPAINT FUTURE BELOW 870 TGT 830SL 890

NSE CASH
NSE CASH : BUY VIPIND NSE CASH ABOVE 136 TGT 147 SL 132..
NSE CASH : BUY LIBERTSHOE NSE CASH ABOVE 180 TGT 198 SL 175.
NSE CASH : BUY RBLBANK NSE CASH ABOVE 412 TGT 443 SL 399.

NSE - WEEKLY NEWS LETTERS
✍ TOP NEWS OF THE WEEK

FDI outflows matches FPIs’ in volatility - While foreign direct investment flowing into
India hit a high of $ 43 billion in the April-November period, a record $ 16.4 billion went the
other way amid private equity exits and other divestments. In fact, $ 6 billion rushed out in a mere
two months — October and November — according to the Reserve Bank of India’s latest
monthly bulletin. That almost matches foreign portfolio investment in terms of volatility — FPIs
pulled out a net $ 7.3 billion during those two months. While this could be partly attributed to PE
investors exiting through initial public offers and other avenues, some of it could be due to
repatriation of profits. Divestments and strategic sales too could have contributed to a one-time
spike in outflows, experts said. The FDI outflow of $16.4 billion is the highest-ever in a year,
even though the fiscal close is four months away from November. Outflows in the same period
last year amounted to $ 6.5 billion

Government raises Rs. 30,000 crore via disinvestment proceeds - The government
has raised around Rs. 30,000 crore from disinvestment proceeds, said department of investment
and public asset management secretary, Neeraj Gupta. This is the highest amount grossed through
the stake sale programme. In this fiscal, the government has budgeted around Rs. 56,500 crore
from disinvestment proceeds, of which Rs. 20,500 crore was to come through strategic sales. The
government will also divest its 10% stake in Moil Ltd. on Tuesday where it currently holds
75.58% stake. “We will do our best to achieve the disinvestment target,” said Gupta added.

FRBM panel to relax 2017-18 fiscal deficit target to 3-3.5% '. - The government
panel set up to review the working of Fiscal Responsibility and Budget Management Act, is
expected to relax the fiscal deficit target to 3-3.5 per cent of GDP for 2017-18, says a report.
According to Bank of America Merrill Lynch , the N K Singh Committee would build cyclicality
in setting fiscal deficit projections by switching to a target range 3-3.5 per cent from a point target
of 3 per cent. The NK Singh panel is expected to submit the new fiscal consolidation roadmap
report today. "After all India's growth typically drives fiscal deficits rather than the other way
round," BofA-ML said in a research note. The report noted that Finance Minister Arun Jaitley is
expected to target a fiscal deficit of 3.5 per cent of GDP -- same as that of 2016-17 in his
February 1 Budget. On the Reserve Bank's policy easing stance, the report said that the Central
Bank is expected to cut rates by 25 bps on February 8 and in April.

India's 'dynamic economy' to grow at 7.7%: UN - India is one of the most "dynamic
emerging economies" and is likely to grow at 7.7 per cent this year on strong private demand and


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