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Equity Research Report 6 March 2017 Ways2Capital .pdf



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TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : - The Equity benchmark Index Nifty opened on a flat basis on Monday up by 4 points at 8943
levels. Last week the Benchmark Index Nifty closed at 8940 after making high of 8982 the Index has given
breakout of its 5 month high of 8969. last week Nifty closed in positive territory by gaining 1.34%. Telecom
Sector has given a major movement last week. Indian Benchmark Index Nifty opened at 8944 and made a high
of 8952. Profit booking in the last hour of trading led Benchmark index to make a low of 8889 and fillanlly
closed at 8897 which is 43 points down from its previous day close. GDP Quarterly (Y-O-Y) for Q3 reported on
28th Feb 2017 IST showed a considerable difference in the street estimates of 6.4% v/s the actual GDP Growth
reported 7.0%. The Nifty traded strong throughout the day and have closed at its highest level in six months. On
the Global market Trump’s speech just concluded has nothing new, which market does not know and USD bond
yields & Global market seems to be not convinced about lack of any specific details. But Trump also called for a
$ 1 trillion infrastructure fund approval from US congress in PPP mode and that somehow supported the market
sentiment right now. On Friday trading session the index Nifty opened near its recent high of 8982 and made a
high of 8992. Market showed weakness despite good strong global market scenario. Nifty Index fell 46 points
and closed at 8897. Nifty is still below 8900 levels and traders can still continue short until Nifty closes above
8968 levels. Market would continue to see huge volatility until UP Election outcome. initiate long positions only
if Nifty closes above 8962 levels and until then hold short. The Crucial levels for Nifty is 8940-9030 is Up side
and 8840-8750 is down side.

BANK NIFTY : - The Indian Baking index Bank Nifty opened in a Negative note down by 79 points or 0.42
per cent at 18616. The Reserve Bank has directed banks to keep record of new bank notes in view of seizures by
Income Tax Department and other law enforcement agencies of large quantities of high denomination notes. It
has been felt necessary to put in place an appropriate reporting system to keep track of issuance of these bank
notes by the currency chests. Nifty Bank is still in positive zone. Bank Nifty would enter into negative zone once
it closes below 18255 levels. Market may see some short covering but for now, Bank Nifty looks weak and
traders can go short at every positive rally in the Market. Bank Nifty would soon enter into negative zone once it
closes below 18255 levels and we could see some sharp downfall in the market in days to come. The Bank Nifty
is expected to trade in bullish trend for next trading week. The Significance Levels for Bank Nifty is
18833-19759 is Upside and 17907-16981 is down side.

Monday, 06 March 2017

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY

WEEKLY

MONTHLY

R2

R1

PP

S1

S2

9029

8935

8888

8841

8747

R2

R1

PP

S1

S2

9312

9048

9616

8784

8520

R2

R1

PP

S1

S2

9312

9048

9616

8784

8520

R2

R1

PP

S1

S2

20970

20656

20499

20342

20028

R2

R1

PP

S1

S2

22053

21089

20607

20125

19161

R2

R1

PP

S1

S2

22040

21084

20606

20128

19172

BANK NIFTY
DAILY

WEEKLY

MONTHLY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

8761

8632

8516

8394

BANK NIFTY

20343

19769

19342

18804

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

8832

8326

8209

BANK NIFTY

21003

18645

17458

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
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, On Daily chart Nifty is seen very strong. Hence a large correction cannot be anticipated at
this point in time. Check the daily chart above. This chart suggests that the Nifty can break its
previous at any point to close at all time high. 8840-8800 would be Significance Support for the
Nifty and 9060-9180 will be key Resistance for Index.

PATTERN FORMATION ( BANK NIFTY )

Detail of Chart -On the Above given daily Chart of Bank Nifty has Applied the Bollinger Band.
The Bank Nifty has been trading between Upper and Middle band of 20720-20615 Levels. If the
correction happens, We feel that the correction may not be substantially large. It will be an
opportunity to enter at lower levels. So instead of entering your positions at this level, you can wait
for markets to give you better levels. On daily chart a near support is immerged near 20560-20400
& Resistance is 20778-20975 Levels.

NSE EQUITY DAILY LEVELS
COMPANY NAME

R2

R1

PP

S1

S2

ACC
ADANI PORTS

EQ
EQ

1425
300

1408
298

1399
294

1382
292

1373
288

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

228
1037
520
2857
163
647
162
364
21796
319
600
325
299
2903
534
1051
865
1408
1391
3338
206
885
279
266
1318
1056
113
825
1487
1340
53164
5951
194
159
38
543
1308
585
47
270
275
699
285
2512
469
83
501
147
1452
512

232
1026
516
2843
161
639
160
360
21463
313
594
323
296
2884
526
1036
857
1389
1384
3305
202
882
277
264
1307
1044
111
819
1479
1331
52782
5922
194
158
37
537
1283
577
46
267
271
692
282
2501
465
82
498
146
1443
508

226
1016
511
2825
160
627
157
356
21266
303
589
321
293
2873
514
1013
846
1377
1376
3253
194
876
276
261
1297
1022
110
811
1469
1322
52247
5898
192
156
36
528
1262
561
45
266
268
682
281
2488
461
81
493
144
1431
500

222
1005
507
2811
158
619
155
352
20933
297
583
319
290
2854
506
998
838
1358
1369
3220
190
873
274
259
1286
1010
108
805
1461
1313
51865
5869
192
155
35
522
1237
553
44
263
264
675
278
2477
457
80
490
143
1422
496

220
995
502
2793
157
607
152
348
20736
287
578
317
287
2843
494
975
827
1346
1361
3168
182
867
273
256
1276
988
107
797
1451
1304
51330
5845
190
153
34
513
1216
537
43
262
261
665
277
2464
453
79
485
141
1410
488

TOP 15 ACHIEVERS
SR.NO

SCRIPT NAME

//

PREV
CLOSE

CMP

% CHANGE

TOP 15 LOOSERS
SR.NO

SCRIPT NAME

PREV CLOSE

CMP

% CHANGE

1

HINDALCO

182

198

+ 9.03 %

1

BHARAT PETRO

717

632

- 11.82 %

2

RELIANCE

1182

1258

+ 6..41 %

2

IDEA CELLULAR

119

110

- 7.57 %

3

BHARTI INFRA

297

307

+ 3.36 %

3

NTPC

165

156

- 5.68 %

4

BHEL

153

158

+ 3.06 %

4

BOB

168

159

- 4.88 %

5

HERO MOTOCOR

3176

3272

+ 3.03 %

5

POWER GRID CO

199

190

- 4.17 %

6

INFOSYS

1008

1031

+ 2.22 %

6

BOSCH LTD.

21,990

21158

- 3.78 %

7

HUL

858

877

+ 2.20 %

7

INDUSIND BANK

1340

1299

- 3.10 %

8

TATA STEEL

485

495

+ 1.92 %

8

ACC LTD

1438

1393

- 3.09 %

9

LUPIN LTD.

1450

1476

+ 1.80 %

9

ICICI BANK

284

275

- 3.01 %

10

SUN PHARMA

674

686

+ 1.76 %

10

ZEEL

518

503

- 3.00 %

11

WIPRO LTD

486

493

+ 1.59 %

11

AXIS BANK LTD.

528

512

- 2.89 %

12

M&M LIMITED

1304

1322

+ 1.32 %

12

AMBUJA CEM

232

225

- 2.84 %

13

AURO PHARMA

666

674

+ 1.30 %

13

BHARTI AIRTEL

366

356

- 2.76 %

14

HCL TECH

842

852

+ 1.19 %

14

MARUTI SUZUKI

6031

5887

- 2.38 %

15

BAJAJ AUTO

2814

2832

+ 0.66 %

15

SBIN

270

265

- 2.00 %

7
4
3
3
3
2
2

OPEN INTEREST INDEX F&O AND CASH SEGMENT ACTIVITY

NSE - WEEKLY NEWS LETTERS
✍ TOP NEWS OF THE WEEK

Enhanced budget allocation to infra will boost order inflow ' - Enhanced budgetary
allocation of Rs 3.96 lakh crore to the infrastructure sector would boost order inflows and is
positive for companies in the segment, ratings agency Icra said today. "Budget focus on
infrastructure sees increase in allocation to most schemes; high execution targets is credit positive.
It said the Central government has retained its focus on infrastructure development by increasing
allocation towards the sector with focus on key segments like roads, railways, metro and irrigation.
"This, along with, promotion of affordable housing segment by granting the infrastructure status to
such projects, will help the construction sector in further enhancing order inflows," it said. It said
allocation of Rs 3.96 lakh crore to infrastructure sector in FY18, an increase of 13.5 per cent from
FY17 budgetary allocation, will have a positive impact on infrastructure and construction
companies. There is a significant increase in allocation towards Pradhan Mantri Awas Yojna ,
which was enhanced 45 per cent, it said.

India's forex reserves remain flat for the last week of February - India's foreign
exchange reserves rose marginally by $ 63.7 million to reach $ 362.8 billion as on February 24
said the Reserve Bank of India today. According to data released by the central bank, banks have
also shown a mere 4.8% rise in credit for the year 2017 against last year, therefore the entire credit
forwarded by the banking sector stood at Rs 3.4 lakh crore as against Rs 7.2 lakh crore last year. At
the same time deposits have shown a growth of around 12.8% against 10.4% that was seen last
year, standing at Rs 11.8 lakh crore against Rs 8.7 lakh crore last year. According to data from
NSDL the amount of money put in by foreign investors in the Indian markets for the month of
March stood at Rs 12967 crore till the first week of March.

Auto asset-backed loans stabilise in January: Moody's - Moody's Investors Service
today said the performance of auto asset-backed securities levelled off in January after
deterioration due to the currency crunch post demonetisation. The performance of rated Indian auto
asset-backed securities is not expected to deteriorate beyond March 2017 as the economy recovers
and oil prices remain range-bound and budget policy initiatives provide support, Moody's said in a
statement. The signs of stabilisation appeared in January 2017, with collection efficiency rising
half a percentage point to 93 per cent from December 2016, but was still 1.9 percentage points
lower than the average in the three months to October 2016, it said. "In January 2017, all
transactions collected more funds than the amount they needed to pay interest and principal to
investors. Signs of stabilisation appeared in January 2017," Moody's said.


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