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Equity Research Report 03 April 2017 Ways2Capital .pdf


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TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )
NIFTY FIFTY : - Indian Benchmark Index Nifty 50 Opened at 9193 On Monday trading session, and
made a high of 9094, the Index traded in a narrow range of 70 points. Last week Nifty traded in range
of 149 points from 9168 to 9019. The Market might be in celebrating mode after passage of GST in
the LS, Although it is highly discounted and a July’17 roll out of the same may also be largely
discounted and going forward, market may be also apprehending any probable disruption in the
economy for a hurried launch of the same. The Index benchmark Nifty 50 traded on strong note in last
week Supported by Positive Global cues on hopes of An Impending Tax Reform By Trump After
Disappointment Of The Healthcare Bill. In the current month, FIIs and DIIs have a combined net buy
figure of 17360 crore. Last month FIIs and DIIs were buyers in the market for a total value of 9639.41
crore. The post election results gap still has not been filled till 8935. But Many times such gaps
remain unfilled. This gap can remain unfilled if we have a final blow out rally till 9400 or 9500 and
then a 400 500 point correction. As of now Nifty is in positive momentum and we may witness further
positive rally and huge volatility Once Nifty manages to breach 9150 levels then we would see new
record highs for the targets of 9300-9400 for Index. Traders should hold long positions and should
consider going long at every dips. The Significance Resistance levels for Nifty is 9190-9220 and
Significance Support is 9140-9100.
BANK NIFTY : - Bank Nifty opened at 21203 on Monday trading session, made a high of 21203, the
Index closed at 21123 after making low of 20754. PSU banks rallied most after Finance Minister said
he will soon announce the policy for quick settlement of Net Performing Assets in banks. Moreover
the Finance Minister will also discuss with few banks heads, on allocation of excess funds, in banking
system, post demonetization. As par Policymakers, the pain of India’s twin balance sheet corporate &
banking stressed assets may need to be resolved first with the ongoing effort of deleveraging &
various merger and acquisitions activities and India is not a market for so many weak banks and few
strong banks are necessary. Thus, we may see consolidation in the banking industry. The Significance
Support for Bank Nifty is 21440-21370 and Resistance is 21553-21626.

Monday, 3 April 2017

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )
NIFTY
DAILY

WEEKLY

MONTHLY

R2

R1

PP

S1

S2

9279

9209

9174

9139

9069

R2

R1

PP

S1

S2

9622

9296

9133

8970

8644

R2

R1

PP

S1

S2

10065

9407

9078

8749

8091

R2

R1

PP

S1

S2

21876

21626

21501

21376

21126

R2

R1

PP

S1

S2

23475

22079

21381

20683

19287

R2

R1

PP

S1

S2

24966

22450

21192

19934

17418

BANK NIFTY
DAILY

WEEKLY

MONTHLY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

9037

8859

8683

8504

BANK NIFTY

20976

20432

19855

19170

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

9195

8750

8209

BANK NIFTY

20979

19605

17458

PATTERN FORMATION ( NIFTY )

Detail of Chart - On the Above given daily Chart of Nifty has Applied Bollinger Band and
Parabolic SAR both are the leading indicators. As per Bollinger Band it is about to cross over the
Upper Band which is around 8300 level so it would be the crucial level to decide the trend of
market for upcoming trading session. The break above the level 8300 we may witness the level
of 8400-8460 in near term on the fillip side 8180 level would be crucial down side.

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 Chart is clearly showing up side movement the Upper
Band of Bollinger Band indicating Bullish wave in the Market. If the Bank Nifty able to Sustain
the 21460 level will move toward 21760-21840 levels. The support for Bank Nifty is at
21240-21120 and the resistance to the up move is at 21450-21500 levels.

NSE EQUITY DAILY LEVELS
COMPANY NAME

R2

R1

PP

S1

S2

ACC
ADANI PORTS

EQ
EQ

1467
345

1457
342

1439
339

1429
336

1411
333

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

240
1087
507
2847
176
668
166
354
23193
331
601
297
313
2661
384
1081
899
1530
1462
3243
198
924
284
285
1438
1041
88
889
1615
1296
61930
6076
187
168
39
624
1379
582
50
299
280
698
287
2451
476
93
488
160
1566
546

238
1081
501
2831
174
661
165
352
22986
327
596
295
310
2646
380
1064
886
1516
1451
3231
197
917
281
283
1430
1033

235
1073
497
2816
173
652
163
348
22793
325
594
292
305
2630
378
1056
876
1506
1444
3215
193
912
278
280
1415
1020
86
871
1574
1281
60485
5991
185
165
38
615
1308
569
48
292
275
688
282
2426
468
90
482
156
1545
535

233
1067
491
2800
171
645
162
346
22586
321
589
290
302
2615
374
1039
863
1492
1433
3203
192
905
275
278
1407
1012
85
863
1554
1275
59975
5957
184
164
37
611
1279
563
47
289
271
682
280
2412
463
88
478
154
1534
530

230
1059
487
2785
170
636
160
342
22393
319
587
287
297
2599
372
1031
853
1482
1426
3187
188
900
272
275
1392
999
84
853
1533
1266
59940
5906
183
162
37
606
1237
556
46
285
270
678
277
2401
460
87
476
152
1524
524

87
881
1595
1290
61420
6042
186
167
38
620
1350
576
49
296
276
692
285
2437
471
91
484
158
1555
541

TOP 15 ACHIEVERS
SR.NO

SCRIPT NAME

//

PREV
CLOSE

CMP

% CHANGE

TOP 15 LOOSERS
SR.NO

SCRIPT NAME

PREV CLOSE

CMP

% CHANGE

1

SBIN

276

293

+ 6.11 %

1

HERO MOTOCOP

3375

3321

- 4.54 %

2

ADANI PORTS

323

339

+ 5.06 %

2

ONGC

191

185

- 3.60 %

3

BHARTI INFRA

310

325

+ 4.99 %

3

TECH MAHINDRA

474

459

- 3.16 %

4

TATA POWER

86

90

+ 4.39 %

4

LUPIN LIMITED

1487

1445

-2.86 %

5

INDIABULLS

959

997

+ 4.04 %

5

SUN PHARMA

703

688

- 2.24 %

6

IOC

372

387

+ 3.85 %

6

TATASTEEL LTD

493

482

-2.13 %

7

ACC LIMITED

1396

1446

+ 3.55 %

7

AURO PHARMA

688

675

-1.97 %

8

ZEEL

518

535

+ 3.30 %

8

COAL IND LTD

297

292

- 1.75 %

9

AMBUJA CEMENT

229

236

+ 2.94 %

9

BAJA J AUTO LTD

2843

2805

- 1.32 %

10

BHARTI AIRTEL

340

350

+ 2.80 %

10

GAILIND LIMITED

381

376

- 1.14 %

11

HDFC

1462

1502

+ 2.70 %

11

TATA MO T LTD

470

465

- 0.97 %

12

RELIANCE

1286

1320

+ 2.65 %

12

BOSCH LIMTED

22972

22751

-0.96 %

13

INDUSIND BANK

1389

1425

+ 2.56 %

13

INFOSYS LIMITED

1031

1022

- 0.89 %

14

BANK OF BARODA

169

172

+ 2.31 %

14

GRASIM INDUS.

1058

1049

-0.88 %

15

L&T

1551

1574

+ 1.53 %

15

KOTAK BANK

879

872

- 0.81 %

3
2
2
1
1
0
0

OPEN INTEREST INDEX F&O AND CASH SEGMENT ACTIVITY

NSE - WEEKLY NEWS LETTERS
✍ TOP NEWS OF THE WEEK

GST rollout, tackling NPAs to dominate new fiscal - An eventful financial year nears its
end on March 31. It was a year of tumultuous ups and downs that witnessed a couple of
historic economic moments. The year began with a hopeful resolution of the Greek
financial crisis followed by a shocking exit of Britain from the European Union.
Post-Brexit, the EU's future was put in doubt and the world braced for its aftershocks.
However, the fears did not materialise in terms of any economic upsets and it was
business as usual almost immediately. Meanwhile, amidst an uncertain global economic
environment, the Indian economy was considered to be a "bright spot" until the
government threw a spanner in the works on November 8, 2016, with its demonetisation
gamble. Again, ominous predictions about its effects on the economy proved modest at
best, as far as official figures are concerned. The Index of Industrial Production, which
measures the country's factory output, grew at 2.7 percent in January after contracting by
0.1 percent in December. By now, most of the demonetisation-induced sluggishness has
worn off in almost all sectors and even consumer demand is showing signs of revival as
evidenced by an increase in imports in latest figures. However, as the world and Indian
economy put their fears of Brexit and demonetisation-induced after-effects to rest, there
are two problems the latter has not been able to allay during this financial year. One is the
issue of reviving private sentiment. When the current financial year began, calls were loud
for the RBI to slash rates as its hawkish stance was seen as inimical to investment in the
country.
Government to borrow Rs 3.72Lakh-crore in first half of FY2018 - The government
will borrow Rs. 3.72 lakh crore from the market in the first six months of the next fiscal
beginning April. The borrowing represents 64% of the full-year borrowing target. The
April-September borrowing is slightly more than previous year because the finance
ministry and the Reserve Bank of India expect spending to pick up pace early. The
redemption pressure of the previous year’s borrowings will also be more in the first half.
The government had advanced the budget presentation by a month this year, allowing the
process to be completed before the start of the new fiscal. This will allow spending to
continue seamlessly as opposed to a lull earlier when the budget process used to be
completed well after the start of new fiscal. Ninety percent of the total redemptions (in


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