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Equity Research Report 27 february 2017 Ways2Capital .pdf



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TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : - Indian Equity Benchmark Index Nifty closed at 8822 after making high of 8896 in last
week; the Index has given breakout of its 4 month high of 8806. Next monthly level for the Nifty Index is at
8969. The Nifty closed in positive territory by gaining 0.32%. Market took major trigger from International
market as US President Donald Trump announced that he is soon reveal new tax reform. Market open on flat
note on Monday trading Session tracking strong global cues and cash market. Some profit booking have seen
due to F&O Expiry but every dip would be an opportunity for traders to go long in the market. Now, market is
headed towards new 52 week highs. Traders should go long at every dip in the market until it holds 8770
levels, Technically, Indian Stock Market is still in positive zone. F&O Expiry volatility is not ruled out and we
may see some sharp profit booking but traders can go long at every dip in the market. Once Nifty closes
below 8862 levels then traders can close all long positions and initiate short positions in the market but until
then every downfall would be an opportunity for traders to go long in the market. The Market sentiment may
be boosted by a dovish FOMC minutes but hawkish Reserve Bank of India MPC Minutes & Cautious IMF
stance on India’ Growth may also cap any significant Upside. The Significance levels for Nifty is 8980-9060
is up side and 8850-8760 is Down side.

BANK NIFTY : -The Bank Nifty has opened on a Negative note on Monday trading session down by 57
points or 0.27 per cent at 20494. Bank Nifty has made a life time high of 21042 on the news that Reserve
Bank of India has withdrawn the limit for purchase of shares of HDFC Bank. It is the major constituent of
Bank Nifty with a weightage of 31.66% in the index. However the index closed at 20551,around 490 points
down from its high. Bank Nifty remained strong on Tuesday trading Session. It opened at 20495, around 50
points down from its previous day’s close, made a low of 20472 and give strong closing of 20677.
Technically, Bank Nifty has to sustain over 20750 area for further rally towards 21050-21200. On the flip
side, sustaining below 20800 zone, Bank Nifty may fall towards 20650-20500 area in the near term.

Monday, 27 Febuary 2017

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY

WEEKLY

MONTHLY

R2

R1

PP

S1

S2

9114

9004

8949

8894

8784

R2

R1

PP

S1

S2

9423

9081

8910

8739

8397

R2

R1

PP

S1

S2

10151

9263

8819

8375

7487

R2

R1

PP

S1

S2

21454

21088

20905

20722

20356

R2

R1

PP

S1

S2

22395

21323

20787

20251

19179

R2

R1

PP

S1

S2

20457

18905

15801

BANK NIFTY
DAILY

WEEKLY

MONTHLY

25113

22009

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

8748

8572

8476

8368

BANK NIFTY

20182

19583

19208

18711

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

8747

8220

8084

BANK NIFTY

20497

18379

16970

PATTERN FORMATION ( NIFTY )

Detail of Chart - On the Above given daily Chart of Nifty has Applied the Bollinger Band
As well as Parabolic SAR and the price action of the rise from lows has so far been within
the middle and upper Band. Entire technical indicators are trading into the heavy
overbought phase by steady boom found in short to medium terms given that, Index can
show strong profitable selling in next time so that, traders and investors should book profit
who have made boom pro trade from the below price, 8860-8780 would be Significance
Support for the Nifty and 9000-9120 Key Resistance for Nifty.

PATTERN FORMATION ( BANK NIFTY )

Detail of Chart -On the Above given daily Chart of Bank Nifty has Applied the Bollinger
Band As well as Parabolic SAR. The Bank Nifty has been crossed upper Bollinger band of
20870 at last week at the end of February month expiry where the improvement can be found
growing ahead if Bank Nifty does remain on the level strongly. Entire medium to long term
technical indicators have been entered into the overbought phase so that; allay your short term
boom trade after breaking support and book profit from the rise. The Support for Bank Nifty
is 20760-20445 and 21080-21450 is key Resistance for Bank Nifty

NSE EQUITY DAILY LEVELS
COMPANY NAME

R2

R1

PP

S1

S2

ACC
ADANI PORTS

EQ
EQ

1465
306

1450
302

1439
298

1425
294

2384
290

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

235
1041
536
2845
170
731
156
415
22405
306
598
335
296
2944
539
1067
858
1417
1434
3221
185
879
290
272
1359
1033
122
827
1525
1323
52957
6123
198
169
39
530
1239
573
48
275
270
688
289
2540
469
86
492
150
1461
527

234
1027
530
2828
169
725
155
390
22203
302
595
332
292
2915
530
1046
848
1403
1412
3192
183
869
286
269
1352
1020
120
818
1505
1309
52229
6076
196
167
38
525
1212
565
47
272
266
680
286
2510
466
85
489
147
1453
522

232
1016
524
2807
168
716
153
377
21976
298
590
328
286
2895
522
1032
842
1391
1400
3170
181
863
282
265
1340
1006
118
805
1487
1302
50971
6064
194
166
37
520
1196
560
46
271
262
674
282
2462
462
84
483
145
1447
518

231
1002
518
2790
167
710
152
352
21774
294
587
325
282
2866
513
1011
832
1377
1378
3141
179
853
278
262
1333
993
114
796
1467
1288
50243
5999
192
164
36
515
1169
552
45
268
258
666
279
2432
459
83
480
142
1439
513

229
991
512
2769
166
701
150
339
21547
292
582
321
278
2846
505
997
826
1365
1366
3119
177
847
274
258
1321
979
112
783
1449
1281
48985
5969
190
163
35
510
1153
547
44
267
254
660
275
290
229
991
512
2769
166
701

TOP 15 ACHIEVERS
SR.NO

SCRIPT NAME

//

PREV
CLOSE

CMP

% CHANGE

TOP 15 LOOSERS
SR.NO

SCRIPT NAME

PREV CLOSE

CMP

% CHANGE

1

IDEA CELLULAR

105

119

+ 12.94 %

1

BHARTI INFRATEL

307

297

- 3.20 %

2

RELIANCE

1075

1182

+ 9.97 %

2

AMBUJ CEMENTS

238

232

- 2.60 %

3

AXIS BANK LTD.

489

528

+ 7.98 %

3

NTPC

169

165

- 2.50 %

4

BHARAT PETRO

679

717

+ 5.69 %

4

ACC LTD.

1465

1438

- 1.88 %

5

ASIAN PAINTS LTD.

960

1009

+ 5.02 %

5

POWER GR CORP

202

199

- 1.68 %

6

TATA STEEL

468

485

+ 3.75 %

6

GRASIM INDS.

1040

1024

- 1.51 %

7

COAL INDIA LTD.

316

327

+ 3.62 %

7

HDFC

1402

1385

- 1.20 %

8

TCS

2407

2481

+ 3.07 %

8

M&M

1317

1304

- 0.93 %

9

HERO MOTOCORP

3087

3176

+ 2.90 %

9

ITC LTD.

268

265

- 0.93 %

10

WIPRO LTD

475

486

+ 2.26 %

10

BHARTI AIRTEL

369

366

- 0.88 %

11

TATA MOTORS LTD

452

462

+ 2.08 %

11

DR. REDDY'S LABS

2912

2887

- 0.87 %

12

HUL

841

858

+ 2.02 %

12

HINDALCO

183

182

- 0.84 %

13

ULTRATECH CEM

3718

3786

+ 1.82 %

13

TATA POWER

84

83

- 0.77 %

14

KOTAK BANK

796

810

+ 1.81 %

14

LUPIN LTD.

1458

1450

- 0.60 %

15

GAIL INDIA LTD.

510

517

+ 1.44 %

15

ZEEL

521

518

- 0.51 %

2
1
1
0
0
0
0

NEXT WEEK STARS( AS PER TECHNICAL ANALYSIS )
NSE FUTURE
NSE FUTURE : SELL TITAN FUTURE BELOW 431 TGT 421 SL 436.
NSE FUTURE : BUY DHFL FUTURE ABOVE 336 TGT 341 SL 333.
NSE FUTURE : BUY AXIS BANK FUTURE ABOVE 532 TGT 542 SL 527.

NSE CASH
NSE CASH : BUY HOVS CASH ABOVE 190 TGT 205 SL 183.
NSE CASH : BUY IL&FS ENG CASH ABOVE 62 TGT68 SL 58.
NSE CASH : BUY NCLIND CASH ABOVE 163 TGT 178 SL 155.

NSE - WEEKLY NEWS LETTERS
✍ TOP NEWS OF THE WEEK

Indian economy to reach $5 trillion by 2025: Morgan Stanley - India's millennial
population is a massive disruptive force and driven by this supportive demographics alongwith
government's policy action, Indian economy is likely to reach USD 5 trillion by 2025, says a
report. India's USD 2.2 trillion economy makes it the seventh largest in the world in terms of
nominal GDP (and the third largest in PPP terms), but the country's per capita income is less
significant. With a per capita income of USD 1,700, India ranks well behind some of the key
emerging markets, like China, Russia, Brazil, Indonesia, the Philippines, Mexico, and Turkey.
We expect a confluence of supportive factors, led by demographics, government policy action,
and globalisation, to lead to a sustained period of productive growth in the medium term,"
Morgan Stanley said in a research note adding "in our base case, we expect the Indian economy
to reach USD 5 trillion by FY2025.

India emerges 12th largest holder of US Govt securities in 2016 - India became
the 12th largest holder of US government securities at the end of 2016, with exposure worth
USD 118.2 billion. With holdings worth USD 1.09 trillion, Japan remained the largest holder of
these securities followed by neighbouring China with exposure to the tune of USD 1.06 trillion.
Latest data available with the US Treasury Department showed that India's holding stood at USD
118.2 billion in December last, slightly lower than USD 118.7 billion seen in November. At the
end of December 2015, India's exposure was to the tune of USD 116.8 billion.

With $36 billion in nine months, FDI may deliver a record - Overseas investment
in India is likely to surge to a record in the year ending March despite temporary growth hiccups
ascribed to the currency swap programme. This underscores India’s status as an island of
economic stability, especially as foreign direct investment flows worldwide slumped 13% last
year amid uncertainty thanks in part to a backlash against globalisation. India’s FDI in the
April-December period rose 22% to $35.8 billion from the year earlier. With three months to go
for the fiscal year end, the government expects fresh inflows into equity to top the $ 40 billion
India got in FY16. Total FDI — which includes inflows into unincorporated bodies, reinvested
earnings and other capital — in the nine months to December is pegged at $ 48 billion against $
55.5 billion for the whole of the last fiscal year.
Q3 '17 GDP estimate likely to be less than 6%: SBI report - The growth estimate in the country’s
economic output or gross domestic product may be scaled down to less than 6% for the FY’17 as


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