Equity Research Report 10 July 2018 Ways2Capital

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CURRENCY MARKET UPDATE
CURRENCY PAIR
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
MAJOR INDICES
INDEX
CLOSING
AS ON 06 JulyJ18
WEEKLY CHANGES
WEEKLY
% CHANGE
COMMODITY MARKET UPDATE
COMMODITY
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
Market Wrap–Up
Nifty 10772.65 58.35 0.54%
Nifty 100 11037.2 43.75 0.40%
Nifty 200 5734.75 21.55 0.38%
Nifty 500 9194.5 32.05 0.35%
Nifty VIX 12.44 -0.49 -3.83%
Nifty Bank 26493.85 129.65 0.49%
Nifty Auto 11067.85 358.80 3.35%
Nifty Finance 11024 16.95 0.15%
Nifty FMCG 29344.65 378.65 1.31%
Nifty IT 14015.95 26.45 0.19%
Nifty Media 2997.40 -28.30 -0.94%
Nifty Metal 3322.05 -118.10 -3.43%
Nifty Pharma 9189.90 16.75 0.18%
Nifty PSU Banks 2772.25 -19.25 -0.69%
Nifty PVT Bank 15056.65 94.90 0.63%
Nifty Realty 267.3 -4.25 -1.57%
USDINR 69.0500 68.7250 0.47%
GBPINR 91.4400 90.4325 1.11%
EURINR 80.9900 80.2125 0.97%
JPYINR 62.4700 61.8300 1.04%
EURUSD 1.1767 1.1661 0.91%
GBPUSD 1.3276 1.3163 0.86%
Dollar Index 93.96 94.35 -0.41%
Gold COMEX 1255.90 1251.30 0.37%
Gold MCX 30560 30432 0.42%
Crude Oil NYMEX 73.91 74.15 -0.32%
Crude Oil MCX 5072 5086 -0.28%
Brent Oil NYMEX 77.13 79.44 -2.91%
Copper MCX 431.40 452.30 -4.62%
Natural Gas NYMEX 2.854 2.924 -2.39%

WEEKLY GAINERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
HIGH
WEEKLY LOSERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
LOW
Market at a Glance
Bajaj Auto 3023.35 7.55% 3472.6
Maruti Su -
zuki
9304.80 5.48% 10000
Hero Moto -
Corp
3651.55 5.17% 4200
Asian Paints 1322.80 4.64% 1335.6
Bajaj Fin -
serv
6056.15 4.08% 6290
Vedanta 219.50 -6.89% 216.05
NTPC Ltd. 150.25 -5.77% 149.45
Titan 830.95 -5.45% 522
Hindalco 219.35 -4.80% 194.3
Bharti Airtel 363.10 -4.70% 352.1

ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Economic Calendar
Tuesday, July 10, 2018
4:31 GBP BRC Retail Sales Monitor (YoY) (Jun) - 2.80%
7:00 CNY CPI (MoM) (Jun) -0.10% -0.20%
7:00 CNY CPI (YoY) (Jun) 1.90% 1.80%
7:00 CNY PPI (YoY) (Jun) 4.50% 4.10%
14:00 GBP Industrial Production (MoM) (May) 0.50% -0.80%
14:00 GBP Manufacturing Production (MoM) (May) 0.70% -1.40%
Wednesday, July 11, 2018
16:50 USD OPEC Monthly Report - -
18:00 USD Core PPI (MoM) (Jun) 0.20% 0.30%
18:00 USD PPI (MoM) (Jun) 0.20% 0.50%
20:00 USD Crude Oil Inventories - -
Thursday, July 12, 2018
17:30 INR CPI (YoY) (Jun) 5.29% 4.87%
18:00 USD Core CPI (YoY) (Jun) 2.30% 2.20%
18:00 USD Core CPI (MoM) (Jun) 0.20% 0.20%
18:00 USD CPI (MoM) (Jun) 0.20% 0.20%
Friday, July 13, 2018
8:30 CNY Exports (YoY) (Jun) 10.20% 12.60%
8:30 CNY Imports (YoY) (Jun) 22.00% 26.00%

NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Continued .......
Weekly Pivots
ASIANPAINT 1518.35 1443.95 1369.55 1329.30 1295.13 1254.85 1220.70 1146.30 1071.90
AXISBANK 563.35 546.45 529.55 522.30 512.65 505.40 495.75 478.85 461.95
BAJAJ-AUTO 3750.45 3487.20 3223.95 3106.40 2960.68 2843.10 2697.40 2434.15 2170.90
BAJAJFINSV 7210.00 6800.60 6391.20 6213.10 5981.77 5803.65 5572.35 5162.95 4753.55
BAJFINANCE 2542.50 2468.60 2394.70 2360.50 2320.80 2286.60 2246.90 2173.00 2099.10
BHARTIARTL 434.60 412.85 391.10 379.05 369.35 357.30 347.60 325.85 304.10
BPCL 423.40 406.10 388.80 378.90 371.50 361.60 354.20 336.90 319.60
CIPLA 747.80 707.85 667.90 647.85 627.93 607.85 587.95 548.00 508.05
COALINDIA 304.75 291.40 278.05 270.80 264.68 257.40 251.30 237.95 224.60
DRREDDY 2729.10 2582.65 2436.20 2377.20 2289.72 2230.70 2143.25 1996.80 1850.35
EICHERMOT 32065.75 30760.10 29454.45 28822.25 28148.78 27516.55 26843.10 25537.45 24231.80
GAIL 410.10 388.35 366.60 357.05 344.85 335.30 323.10 301.35 279.60
GRASIM 1143.20 1087.25 1031.30 998.65 975.35 942.70 919.40 863.45 807.50
HCLTECH 1028.40 996.00 963.60 945.20 931.17 912.75 898.75 866.35 833.95
HDFC 2103.25 2039.50 1975.75 1949.30 1911.97 1885.50 1848.20 1784.45 1720.70

Continued .......
Weekly Pivots
HDFCBANK 2316.80 2244.50 2172.20 2136.55 2099.90 2064.25 2027.60 1955.30 1883.00
HEROMOTOCO 4317.35 4049.65 3781.95 3626.20 3514.23 3358.45 3246.50 2978.80 2711.10
HINDALCO 272.90 256.35 239.80 231.90 223.22 215.30 206.65 190.10 173.55
HINDPETRO 321.95 300.70 279.45 265.80 258.20 244.55 236.95 215.70 194.45
HINDUNILVR 1884.40 1811.80 1739.20 1708.10 1666.57 1635.45 1593.95 1521.35 1448.75
IBULHSGFIN 1292.40 1239.75 1187.10 1161.80 1134.42 1109.10 1081.75 1029.10 976.45
ICICIBANK 311.95 299.10 286.25 279.75 273.40 266.90 260.55 247.70 234.85
INDUSINDBK 2153.85 2091.35 2028.85 2004.20 1966.35 1941.70 1903.85 1841.35 1778.85
INFRATEL 352.00 333.50 315.00 306.35 296.47 287.80 277.95 259.45 240.95
INFY 1594.20 1504.40 1414.60 1381.50 1324.80 1291.70 1235.00 1145.20 1055.40
IOC 178.85 171.15 163.45 159.30 155.73 151.55 148.00 140.30 132.60
ITC 310.50 295.80 281.10 272.70 266.37 257.95 251.65 236.95 222.25
KOTAKBANK 1506.70 1456.75 1406.80 1386.05 1356.82 1336.05 1306.85 1256.90 1206.95
LT 1366.20 1330.85 1295.50 1277.35 1260.12 1241.95 1224.75 1189.40 1154.05
LUPIN 1117.35 1052.15 986.95 962.50 921.73 897.25 856.50 791.30 726.10
M&M 1047.60 999.25 950.90 926.40 902.52 878.00 854.15 805.80 757.45

Weekly Pivots
MARUTI 11121.50 10457.55 9793.60 9509.30 9129.63 8845.30 8465.65 7801.70 7137.75
NTPC 181.75 172.45 163.15 157.85 153.85 148.55 144.55 135.25 125.95
ONGC 181.35 173.25 165.15 160.60 157.03 152.45 148.90 140.80 132.70
POWERGRID 210.45 201.75 193.05 188.15 184.35 179.45 175.65 166.95 158.25
RELIANCE 1139.70 1088.30 1036.90 1013.95 985.47 962.50 934.05 882.65 831.25
SBIN 281.00 273.25 265.50 261.45 257.72 253.65 249.95 242.20 234.45
SUNPHARMA 675.50 641.65 607.80 592.90 573.93 559.00 540.05 506.20 472.35
TATAMOTORS 335.75 312.25 288.75 277.95 265.23 254.40 241.70 218.20 194.70
TATASTEEL 688.40 648.25 608.10 589.55 567.95 549.40 527.80 487.65 447.50
TCS 2116.10 2036.20 1956.30 1911.65 1876.37 1831.70 1796.45 1716.55 1636.65
TECHM 761.85 725.35 688.85 671.70 652.33 635.15 615.80 579.30 542.80
TITAN 1150.90 1057.00 963.10 925.40 869.18 831.45 775.25 681.35 587.45
ULTRACEMCO 4643.40 4375.75 4108.10 3950.55 3840.45 3682.90 3572.80 3305.15 3037.50
UPL 683.45 663.65 643.85 633.85 624.02 614.00 604.20 584.40 564.60
VEDL 311.20 283.95 256.70 242.35 229.45 215.10 202.20 174.95 147.70
WIPRO 281.75 275.05 268.35 265.20 261.63 258.45 254.90 248.20 241.50
YESBANK 417.95 392.60 367.25 351.45 341.88 326.05 316.50 291.15 265.80
ZEEL 607.30 585.85 564.40 553.70 542.92 532.20 521.45 500.00 478.55

NIFTY OPTIONS OPEN INTEREST ANALYSISLONG BUILD-UP
SCRIP
CHANGE IN
OI (In %)
PRICE CHANGE
(In %)
SHORT COVERING
SCRIP
CHANGE IN
OI (In %)
PRICE CHANGE
(In %)
SHORT BUILD-UP
SCRIP
CHANGE IN
OI (In %)
PRICE CHANGE
(In %)
LONG UNWINDING
SCRIP
CHANGE IN
OI (In %)
PRICE CHANGE
(In %)
Analysis : As per the analysis of above
chart.
Major Resistance Level: 11000
Major Support Levels: 10600
Open Interest & price Analysis
JUSTDIAL 32.21% 2.69%
BERGEPAINT 24.56% 5.65%
KOTAKBANK 13.26% 2.15%
TATAELXSI 11.93% 2.46%
CGPOWER 11.72% 7.03%
MUTHOOTFIN -17.62% 6.55%
VGUARD -14.08% 2.86%
IOC -11.78% 2.11%
MARUTI -11.61% 5.32%
ENGINERSIN -11.20% 4.22%
SRTRANSFIN 59.44% -14.43%
OFSS 37.61% -5.11%
GODREJIND 31.40% -5.08%
NBCC 22.48% -9.18%
DABUR 22.39% -3.83%
- - -
- - -
- - -
- - -
- - -

NIFTY WEEKLY PIVOTS
PARTICULAR LEVEL
Fundamental Outlook
Equity benchmark Nifty ended its 2 weeks losing streaks as it closed on positive note last week. All global markets
were remained mixed during the last week as most of the Asian markets were under pressure while American and
European market showed some strength. In last couple of weeks, Fridays have been the real savior for our markets.
Last Friday, it managed to recover from some midweek hiccups and on Friday, there was a decent attempt made to
surpass the 10800 mark. On the Economic front USD/INR again showed its strength as it continued it bullishness
whole week . Crude oil price also remained bullish for whole week. Nifty P/E ratio was in the range of 25.76 to 26.62
for the past week.
Technical Outlook
Nifty future started the last week on negative note on Monday but it started positive run from Tuesday and contin-
ued till last session of the week, which led index to close on positive note on weekly basis. From past few weeks in-
dex is trading in a narrow range. On weekly charts it has made a trading range of 10550 to 10870 due to which it is
lacking for a clear direction. For a decisive breakout to happen, it has to close above 10870 and on the downside
10550 is a crucial support. on the weekly scale, index formed an inside bar and a Hammer candle but at the same
time it is forming lower highs from last three weeks.
Continued …....
Nifty Analysis
R4 11395.15
R3 11173.45
R2 10951.75
R1 10865.10
PP 10730.05
S1 10643.40
S2 10508.35
S3 10286.65
S4 10064.95

On the options front, maximum Put OI is placed at 10,600 followed by 10,700 strikes while the maximum Call OI
is placed at 10,800 followed by 11,000 strikes. Option bank signifies an immediate trading range in between
10660 to 10835 zones.
Continued …....
TECHNICAL INDICATOR
ANALYSIS
INDICATOR
CURRENT
TREND
WEEKLY STRATEGY
PARTICULAR DETAILS
For this week, traders can adopt buy on lower level strategy in it and above the level of 10820. It can test the
level of Rs. 10950 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 10720.
Nifty Analysis
ACTION BUY
ENTRY PRICE ABOVE 10820
TARGET 10950
STOP LOSS 10720
20 Days EMA POSITIVE
RSI POSITIVE
MACD POSITIVE
STOCHASTIC POSITIVE

Nifty Bank fut started the last week on negative note on Monday but soon good buying was seen in the index from lower
levels due to which, it gave closing on positive note on weekly basis. Bank Nifty has got stuck in the range from 26,065 to
27,059 zones for the last 4 weeks and requires a decisive range breakout to commence the next leg of the rally. Bank Nifty
formed a high wave Long Legged Doji candle on the daily scale and finally closed near to 26500 zones. It has to continue to
hold above 26500 zones to witness an up move towards 26750 zones. Important support us placed at 26300 and 26000 lev-
els.
WEEKLY STRATEGY
PARTICULAR DETAILS
For this week, traders can adopt buy on lower level strategy in it and above the level of 26600. It can test the
WEEKLY PIVOTS
PARTICULAR LEVEL
Bank Nifty Analysis
R4 27979.20
R3 27448.55
R2 26917.90
R1 26709.15
PP 26387.25
S1 26178.50
S2 25856.60
S3 25325.95
S4 24795.30
ACTION BUY
TARGET 26900
STOP LOSS 26400

Technical Outlook
Overall trend of the Stock is bullish for long term . For short-medium term stock was in some correction
phase . Last week stock started on negative note and it continued its bearish run till last trading of the week
where it showed good buying from lower levels. On daily chart it has form a Bullish Engulfing on lower levels
and looking positive for coming week. In intraday charts it showed a good positive move.
For this week, traders can adopt buy on lower level strategy in it and above the level of 812 it can test the level
of Rs. 848 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 788
SUN TV CASH ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 919.45
R3 875.35
R2 831.25
R1 812.65
PP 787.15
S1 768.55
S2 743.05
S3 698.95
S4 654.85
ACTION BUY
TARGET 848.00
STOP LOSS 788.00

Technical Outlook
Overall trend of the Stock is bullish for long term . For short-medium term stock was in some correction phase.
Last week stock started on negative note but from lower levels good buying was seen throughout the week.
Stock has gave breakout of its upward trend line on daily chart and trading above its major resistance levels of
650. If it manages to trade above this levels than further upside can be seen in it.
of Rs. 675.50 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 637.80
BHARAT FORGE ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 740.40
R3 702.45
R2 664.50
R1 648.45
PP 626.55
S1 610.50
S2 588.60
S3 550.65
S4 512.70
ACTION BUY
TARGET 675.50
STOP LOSS 637.80

Technical Outlook
Overall trend of the Stock is bullish for long term . For short-medium term stock was in some correction phase.
Last week stock started on negative note but from lower levels good buying was seen throughout the week.
Stock has gave breakout of its upward trend line on daily chart and trading above its major resistance levels of
650. If it manages to trade above this levels than further upside can be seen in it.
of Rs. 671 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 644.
BHARATFORG FUTURES ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 743.45
R3 704.75
R2 666.05
R1 649.60
PP 627.35
S1 610.90
S2 588.65
S3 549.95
S4 511.25
ACTION BUY
TARGET 671.00
STOP LOSS 644.00

Technical Outlook
ARVIND is looking bullish on long term charts. Last week stock started on negative but it showed a good buy-
ing from lower levels on other trading sessions of the week. On daily chart stock is about to give breakout of its
consolidation phase. On intraday chart stock has showed good positive movement. If it manages to sustain
above 400 levels than further buying can be seen in it.
For this week, traders can adopt buy on lower level strategy in it and above the level of 401 it can test the
ARVIND FUTURES ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
ACTION BUY
TARGET 411.00
STOP LOSS 397.00
R4 445.80
R3 428.80
R2 411.80
R1 404.15
PP 394.8
S1 387.15
S2 377.80
S3 360.80
S4 343.80

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been filed against the company since the incorporation of the company by regulatory body.
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ग्राहकों को यह सलाह दी जाती है कक वे ररपोटा में दी गई जानकारी को केवल राय के रूप में देखें और ननवेश के नलए स्वयं िंै सला करें | ग्राहकों को वेबसाइट पर प्रकानशत सेवाओं के ननयमों और शतों को पढ़ने और समझने की भी सलाह दी जाती है | कं पनी के ननगमन के बाद ननयामक ननकाय द्वाराकंपनी के
नखलािं कोई मुकदमा (यानचका) दायर नहीं ककया गया है।
DISCLOSURE APPENDIX ( प्रकटीकरण पररनशष्ट ) :
The reports are prepared by analysts who are employed by High Brow Market Research Investment Advisor Pvt. Ltd. All the views expressed in this report herein accurately reflects personal views about the subject company or companies &
their securities and no part of compensation was, is or will be directly or indirectly related to the specific recommendations or views contained in this research report.
ररपोटा नवश्लेषकों द्वारा तैयार की गयी है जो द्वारा हाई ब्रो माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड द्वारा ननयुक्त हैं | इस ररपोटा में व्यक्त सभी नवचार कंपनी के बारे में व्यनक्तगत नवचारों को दशााता है और कंपननयों और उनकी प्रनतभूनतयां और क्षनतपूर्तत (मुआवजे) का कोई नहस्सा, या इस
शोध ररपोटा में नननहत नवशेष सुझावों या नवचारों से प्रत्यक्ष या अप्रत्यक्ष रूप से संबंनधत नहीं होगा।
DISCLOSURE IN TERMS OF CONFLICT OF INTEREST (नहतों के संघषा के मामले में प्रकटीकरण ):
(a) High Brow Market Research Pvt. Ltd. or his associate or his relative has no financial interest in the subject company and the nature of such financial interest;
(अ) हाई ब्रो माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी या उनके ककसी भी तत्काल ररश्तेदार की नवषय कंपनी में कोई नवत्तीय रुनच नहीं है और न ही इस तरह की नवत्तीय नहत की प्रकृनत है|
(a) High Brow Market Research Pvt. Ltd. or its associates or relatives, have no actual/beneficial ownership of one percent or more in the securities of the subject company,
( ब) हाई ब्रो माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी या उनके ककसी भी तत्काल ररश्तेदार की नवषय कंपनी की प्रनतभूनतयों में एक प्रनतशत या उससे अनधक के वास्तनवक / िंायदेमंद स्वानमत्व नहीं हैं |
(a) High Brow Market Research Pvt. Ltd. or its associate has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
( स) हाई ब्रो माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोनगयों को अनुसंधान ररपोटा के प्रकाशन के समय या सावाजननक रूप से उपनस्थत होने के समय कोई अन्य भौनतक संघषा नहीं है|
DISCLOSURE IN TERMS OF COMPENSATION ( क्षनतपूर्तत के संदभा में प्रकटीकरण):
High Brow Market Research Investment Advisor Pvt. Ltd. policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst's area of coverage.
Analyst compensation: Analysts are salary based permanent employees of High Brow Market Research Pvt. Ltd.
हाई ब्रो माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड की पॉनलसी अपने नवश्लेषकों, पेशेवरों को नवश्लेषक के क्षेत्र में ककसी भी कंपनी की प्रनतभूनतयों के स्वामी से नवश्लेषकों को ररपोटा करने से रोकती है।
नवश्लेषक क्षनतपूर्तत : नवश्लेषक हाई ब्रो माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड के वेतन आधाररत स्थायी कमाचारी है |
DISCLOSURE IN TERMS OF PUBLIC APPEARANCE (सावाजननक प्रकटन के मामले में प्रकटीकरण ) :
(a) High Brow Market Research Pvt. Ltd. or its associates have not received any compensation from the subject company in the past twelve months;
(अ) हाई ब्रो माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगीयों ने नपिले 12 महीनों में नवषय कंपनी से कोई मुआवजा प्राप्त नहीं ककया है |
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report.
(ब) अनुसंधान ररपोटा के नवतरण की नतनथ से पूवा बारह महीनों के दौरान नवषय कंपनी अब या कभी भी ग्राहक नहीं रही है।
(c ) High Brow Market Research Pvt. Ltd. or its associates has never served as an officer, director or employee of the subject company;
(स) हाई ब्रो माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगीयों ने नवषय कंपनी के अनधकारी, ननदेशक या कमाचारी के रूप में कभी भी काम
Disclaimer

Equity Research Report 10 July 2018 Ways2Capital

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