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Equity Research Report 19 October 2015 Ways2Capital

Jan 05, 2016

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On Friday nifty open at 8191 made high of 8266 and low of 8151, Another side bank nifty open at 17765 made high of 18009 and low of 17626. Nifty Futures / Bank Nifty Futures market closed on 7974 / 17983. According to
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  • TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

    On Friday nifty open at 8191 made high of 8266 and low of 8151, Another side bank nifty open at 17765 made

    high of 18009 and low of 17626. Nifty Futures / Bank Nifty Futures market closed on 7974 / 17983. According to

    technical analysis if Nifty Futures and Bank Nifty Future moves up trend in tomorrow treading session then 8327

    will be small support for Nifty Futures and 18017 will be small support for Bank Nifty Futures. If it break this

    level then then Nifty Futures can touch level of 8412 level and Bank Nifty Futures can touch 18236 level in next

    few days. It will be hard resistance for Nifty Futures and Bank Nifty Futures. Meanwhile in down trend there is

    small support on 8097 for Nifty Futures and 17493 is for Bank Nifty Futures after breaking this level with volume

    then there is big support for Nifty Futures on 7895 and 17307 for Bank Nifty Futures.

    TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )NIFTY

    DAILY R2 R1 PP S1 S28498 8306 8210 8114 7922

    WEEKLY R2 R1 PP S1 S28653 8345 8191 8037 7729

    MONTHLY R2 R1 PP S1 S29079 8451 8137 7823 7195

    BANK NIFTY

    DAILY R2 R1 PP S1 S218882 18170 17814 17458 16764

    WEEKLY R2 R1 PP S1 S219239 18259 17769 17279 16299

    MONTHLY R2 R1 PP S1 S220149 18487 17656 16825 15163

    MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS

    NIFTY 7837 8130 8228 8395

    BANK NIFTY 16835 17654 17969 18420

    PARABOLIC SAR DAILY WEEKLY MONTHLY

    NIFTY 7937 8272 8698BANK NIFTY 17277 18191 20219

  • PATTERN FORMATION ( NIFTY AND BANK NIFTY )

    Depiction of Chart - On the above given weekly chart the RSI is in the Range of 30-40 of nifty in 21 days so on thebasis of RSI indicator Nifty is in Bullish market. we can expect the gap up opening of nifty in Next week Resistancefor nifty is R1 8306 R2 8498 and the support for CNX Nifty is S1 8114 S2 7922.

    Depiction of Chart - On the Above given chart of Bank Nifty WEEKLY SIMPLE MOVING AVERAGE for 50 day isin BEAR Trend so we can expect The negative movement for Bank nifty in Next trading Session. The Support ForBank Nifty is S1 17458 S2 17764 and the Resistance of bank Nifty is R1 18170 R2 18882. Although the Bank if niftyBreak 18000 Lable we can expect the positive movement of Bank Nifty .

  • NSE EQUITY DAILY LEVELS

    COMPANY NAME R2 R1 PP S1 S2

    ACC EQ 1415 1407 1387 1380 1360ALBK EQ 80 79 78 78 77AMBUJACEM EQ 218 216 213 211 207ASIAN PAINT EQ 892 885 875 869 859AXISBANK EQ 517 511 501 495 485BAJAJ-AUTO EQ 2514 2489 2463 2438 2411BANKBARODA EQ 182 180 178 175 173BANKINDIA EQ 146 144 142 140 138BHEL EQ 217 215 212 211 208BHARTIARTL EQ 360 355 348 343 336CIPLA EQ 686 683 676 672 665COALINDIA EQ 346 342 339 335 331DLF EQ 134 131 130 127 125DRREDDY EQ 4296 4268 4214 4186 4132GAIL EQ 330 328 324 322 319GRASIM EQ 3693 3673 3643 3623 3593HCLTECH EQ 863 852 833 822 803HDFC EQ 1333 1322 1302 1291 1271HDFCBANK EQ 1105 1101 1095 1089 1079HEROMOTOCO EQ 2609 2595 2577 2563 2545HINDALCO EQ 91 89 88 86 84HINDUNILVR EQ 795 790 786 781 777ICICIBANK EQ 299 294 288 284 278ITC EQ 354 351 347 345 341INDUSIND BANK EQ 976 969 960 953 944INFY EQ 1106 1100 1095 1089 1084JINDALSTEL EQ 77 76 75 74 73KOTAKBANK EQ 672 666 656 650 640LT EQ 1644 1625 1589 1570 1534M&M EQ 1309 1297 1283 1271 1257MRF EQ 42560 42181 41950 41571 41340MARUTI EQ 4511 4480 4431 4400 4351ONGC EQ 270 267 262 258 254ORIENTBANK EQ 148 146 143 142 139RCOM EQ 85 83 80 79 76RELCAPITAL EQ 421 414 407 400 393RELIANCE EQ 922 918 911 907 900RELINFRA EQ 394 388 381 375 368RPOWER EQ 50 49 49 48 47SBIN EQ 263 260 254 251 245SSLT( VEDL) EQ 113 111 109 107 105SUNPHARMA EQ 899 895 888 884 877TATAMOTORS EQ 396 392 386 381 376TATAPOWER EQ 75 72 68 66 62TATASTEEL EQ 261 257 253 249 244UNIONBANK EQ 50 50 49 49 48

  • TOP 15 ACHIEVERS // TOP 15 LOOSERS

    NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )1. ONGC FUTURE : ONGC OPEN AT 260.90.IT GIVES MOVEMENT IN UPPER SIDE TODAY.ON

    DAILY CHART OF ONGC IT MOVES IN BULLISH TREND SHOWS CONINOUS UPPER SIDE

    MOVEMENT WE CAN MADE LONG POSTION IN ONGC FUTURE ABOVE 267 TGT 280 SL 259.

    2. NMDC CASH - NMDC HAS SHOWN UPWARD TRADING MOMENTUM ON LAST TRADING

    SESSION AND MAY CONTINUE IF IT TRADE ABOVE 104LEVEL. LONG POSITION CAN BE

    MADE ABOVE 104 FOR TGT OF 110 WITH SL OF 99.

    3. VEDL CASH - VEDL SHOWED UPWARD MOMENTUM AND GAINED ABOUT 20% THIS

    WEEK. MORE UPSIDE CAN BE POSSIBLE IF IT BREAKS 112.50 LEVEL. LONG POSITION IS

    RECOMMENDED ABOVE 112.50 FOR THE TARGET OF 118.50 WITH SL OF 106.90.

    4. ALBK CASH - LONG POSITION CAN BE MADE IN ALBK ABOVE 79.50 FOR THE TARGET OF

    83.50 AND WITH SL OF 75.50.

    5. ADANIENT CASH - ADANIENT GAINED 19% THIS WEEK AND MADE HIGH OF 102. IF IT

    TRADES ABOVE 98 THEN MORE UPSIDE CAN BE SEEN. LONG POSITIONS CAN BE MADE

    ABOVE 98 FOR THE TARGET OF 103.50 WITH SL OF 92.50.

    SR.NO SCRIPT NAME PREV CLOSE CMP % CHANGE

    1 GUJARATPIPAVAV 208.50 191.55 -7.91

    2 MAN INDUSTRIES 109.85 101.70 -7.48

    3DLF LTD. 138.05 128.95 -7.03

    4 HEG LTD. 184.85 172.05 -6.92

    5BARDHWAN LTD. 841 784.70 -6.92

    6 FRL 138.90 129.85 -6.52

    7J B M AUTO 193.10 181.30 -6.11

    8 HIND COMPOSITE 107.70 100.8 -5.75

    9BAJAJ CORP LTD. 435.80 414.35 -5.75

    10 TCS 2633.80 2484.50 -5.67

    11 UNION BANK OF INDIA 185.15 175.55 -4.57

    12 IDEA CELLULAR 156.90 149.25 -4.88

    13 KARUR VYASYA BANK 452.35 430.30 -4.87

    14 PUNJAB CHEMICAL

    221.20 210.25 -5.48

    15 BANK OF BARODA 185.90 177.49 -4.79

    SR.NO SCRIPT NAME PREVCLOSE

    CMP % CHANGE

    1 MAHINDRAHOLIDAYS 319.85 419.17

    +31.22

    2 TCI LTD. 250 330.55 +21.42

    3VEDANTA 90.75 109.25

    +20.39

    4 NITCO LTD. 30.15 35.90 +19.07

    5LLYOD ELECTRIC A 209.30 248.75

    +18.85

    6 SREI INFRA 48.05 55.10 +14.67

    7ADANI ENTERPRISES 84.85 96.75

    +14.02

    8 HEG LTD. 154.05 174.80 +13.47

    9PHILLIPS CARBON 118.35 134.10

    +13.31

    10 MARAL OVERSEAS 27.60 31.05 +12.50

    11TATA MOTORS 341.35 381.30

    +11.70

    12 SUZLON ENERGY 22.50 24.80 +10.22

    13JET AIRWAYS 332.15 365.60

    +10.07

    14 BALAJI TELIPHILM 96.45 106 +9.90

    15 FINOLEXINDUSTRIES 265.50 291.10

    +9.64

  • 6. IFCI CASH - IFCI SHOED UPWARD MOMENTUM THIS WEEK AND MADE HIGH OF 25.65,

    7. MORE UPSIDE CAN BE SEEN ON BREAKOUT OF LEVEL OF 26.LONG POSITIONS CAN BE

    MADE ABOVE 26 FOR TARGET OF 27.30 WITH SL OF 24.70.

    8. BHEL FUTURE - BHEL FUTURE OPEN AT 214.70 MADE HIGH OF 216 SHOW BULLISH

    TREND ON DAILY CHART WE CAN MADE LONG POSTION IN BHEL FUTURE ABOVE THE

    LEVEL OF 217 TGT 230 SL 210.

    9. CAIRN FUTURE - CAIRN FUTURE OPEN AT 160.75 MADE HIGH OF 162.45 SHOW BULLISH

    TREND ON DAILY CHART OF CAIRN ALSO SHOWS BULLISH TREND WE CAN MADE LONG

    POSITION IN CAIRN FUTURE ABOVE THE LEVEL OF 163 TGT 180 SL 155.

    10. ZEEL FUTURE - ZEEL FUTURE OPEN AT 422.15 MADE HIGH OF 425.40. ON DAILY CHART OF

    ZEEL FUTURE SHOWS BULLISH MOVEMENT WE CAN MADE LONG POSITION IN ZEEL

    FUTURE ABOVE THE LEVEL OF 426 TGT 440 SL 418.

    11. BANK OF BARODA FUTURE - BANK OF BARODA FUTURE OPEN 178.35 MADE LOW OF

    174.90 SHOWS BEARISH TREND.ON DAILY CHART OF BANK BARODA FUTURE SHOWS

    BEARISH TREND WE CAN MADE SHORT POSTION IN BANK BARODA FUTURE BELOW 172

    TGT 160 SL 180.

    12. BHARATFORG FUTURE - BHARATFORG OPEN AT903.30 MADE LOW OF 892.55 SHOWS

    BEARISH MOVEMENT.ON DAILY CHART OF BHATFORG ALSO SHOWS BEARISH

    MOVEMENT WE CAN MADE SHORT POSITION IN IT BELOW THE LEVEL OF 888 TGT 840 SL

    920.

  • NSE - WEEKLY NEWS LETTERS

    TOP NEWS OF THE WEEK

    ETFs invest Rs 1,235 crore in a week in India; EM index posts biggest weekly gain in 17years.Foreign portfolio Investors seem to be back again playing the 'Risk-on' trades amid hopes

    that the yuan 'ghost' is receding and US interest rates will stay unchanged till December. An

    early indicator of this is the MSCI Emerging Market index a barometer used by global fund

    managers betting on out performing the MSCI World index since mid-August. Last week,

    exchange traded funds invested nearly $1 billion in emerging markets out of which India

    received $190 million, the largest share. Buoyed by renewed inflows and rebound in currencies,

    the EM index has posted its biggest weekly gain in the past 17 years.

    India's second largest software firm, Infosys, posted a 12.15 per cent Q to Q rise in profit atRs 3,398 crore for the second quarter of FY16 ended. The IT major had posted a net profit of

    Rs 3,030 crore in the previous quarter. The company's revenues for the July-September quarter

    stood at Rs 15,635 crore, up 8.9 per cent over the same period last year.

    Cafe Coffee Day raises Rs 3.34 billion from cornerstone investors.The company behindCafe Coffee Day, India's biggest coffee chain, has raised Rs 3.34 billion from "cornerstone"

    investors ahead of the formal opening of the country's biggest stock market flotation in three

    years.

    Tata Consultancy Services , India's largest software services exporter, reported a 12%sequential rise in quarterly profit helped by strong growth in the banking, financial services and

    retail sector in North America and UK. Net income rose to $926 million, for the second quarter

    ended September 30, from $898 million, in the previous quarter. Revenue rose 3% on

    sequential basis to $4.16 billion.

    Zee Entertainment Q2 net rises 9% to Rs 247 cr. Zee Entertainment Enterprises has reported8.72 per cent increase in consolidated net profit at Rs 247.40 crore for the second quarter ended

    September 30.The company had posted a net profit of Rs 227.55 crore for the same period last

    fiscal.Total income of the company stood at Rs 1,384.90 crore during the quarter as against Rs

    1,117.82 crore last year, ZEE said in a regulatory filing. "ZEE has strong fundamental investors

    can BUY ZEE at Rs.390 Stock with 1-2 Month holding for TGT Rs.440 and SL 360 CMP is

    385.60

  • Hindustan Unilever, India's largest consumer goods company , on Wednesday reported a 2.6per cent fall in second-quarter profit, missing analysts' expectations, as it cut prices. The Indian

    unit of the Anglo-Dutch consumer group Unilever Plc posted a net profit of Rs 9.62 billion

    ($147.9 million), down from Rs 9.88 billion a year earlier. Net sales rose 5 per cent to Rs 78.20

    billion.

    The Stock of HUL can give the BEAR movement for Short-Term.Although its movement will

    be Consolidate for Next 1-2 month.

    Top Economy news

    Nearly a third of respondents in EY survey rank India top investment destination this year.Inbig endorsement of India's fundamentals and attractiveness, 32% respondents in EY's annual

    'Attractiveness Survey - India 2015' have ranked the country as the most attractive market this

    year. A majority 60% have place the country among top three attractive destinations. The

    survey is based on response of 505 global CEOs.

    India's wholesale prices fell for an 11th straight month in September, plunging an annual4.54 per cent primarily on the back of tumbling oil prices, government data showed on

    Wednesday.

    The finance ministry has said latest data for Index of Industrial Production and ConsumerPrice Index New Series points at steady improvement in the Indian economy. The August IIP

    growth has registered an increase of more than 6 % after 34 months, a ministry statement said

    late Tuesday. Cumulative IIP growth in the first five months in 2015-16 at 4.1%s better than the

    growth of 3 % in the same period last year.

    India has been ranked as the most attractive investment destination in the world for the next three years, according to a survey by Global consultancy firm EY released on Wednesday.

    Thirty-two per cent of the business leaders from global corporations polled for the survey said

    India is the most attractive investment destination in the world, followed byChina, Southeast

    Asia and Brazil.

  • Top Corporate News

    Punj Lloyd bags Rs. 367 crore contract from Indian oil.Punj Lloyd on Thursday said it has bagged rs. 367 crore contract from Indian oil corporation at Paradip Refinery in Odisha.

    Reliance Capital announces Rs 150 crore ESOP scheme.Financial services major Reliance Capital on Thursday announced a major ESOP scheme under which select employees across all

    major operating businesses would be granted stock options with a notional value of Rs 150

    crore.

    Hindustan Unilever Ltd, Indias biggest consumer goods company, on Wednesday said its net profits for the fiscal second-quarter fell 2.6% from a year earlier, because of an exceptional

    income from the sale of properties during the base quarter, and a higher effective tax rate.

    IndusInd Bank stock surges on agreement with Tata AIA Life Insurance.The companyentered into a corporate agency agreement with Tata AIA Life Insurance Company Limited.

    Under this agreement IndusInd Bank will distribute Tata AIA Life products across its 854

    branches.

    TOP BANKING AND FINANCIAL NEWS OF THE WEEK

    Yes Bank on Tuesday Said it has been taken into the Dow Jones Sustainability Indices,making it the only domestic bank to get into the Index.The private sector lender has been

    selected as an index component of the Dow Jones Sustainability Indices in the Emerging

    Market Index, a bank release said. The bank was selected from 116 banks from emerging

    markets that were invited to apply for the index.

    Bank Need Rs. 5 Lakh Crore Capital For Basel III Norms -Report -Indian banks' capitalrequirement would cross the Rs 5 lakh-crore mark while meeting the global Basel III banking

    norms by March 2019, a study report said on Monday. "Given the credit growth expected in the

    short-to-medium term, the capital requirement of Indian banks would cross a huge level of Rs 5

    lakh crore while meeting the globally mandatory Basel III banking norms by March 31, 2019,"

    a joint study by Assocham-NIBM said.

    Bank credit rises 9.45 per cent to Rs 68,30,245 crore.Scheduled commercial banks' creditgrew by 9.45 per cent to Rs 68,30,245 crore in the fortnight ended October 2. Banks' advances

    stood at Rs 62,40,256 crore in the same fortnight last year, according to RBI data.

  • This Document has been prepared by Ways2Capital (A Division of High Brow MarketResearch Investment Advisor Pvt Ltd). The information, analysis and estimates containedherein are based on Ways2Capital Equity/Commodities Research assessment and have beenobtained from sources believed to be reliable. This document is meant for the use of theintended recipient only.

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    TCI LTD.1. TCI LTD.2. TCI LTD.3. TCI LTD.4. TCI LTD.NITCO LTD.5. NITCO LTD.6. NITCO LTD.7. NITCO LTD.8. NITCO LTD.