Equity Research Report 12 September 2018 Ways2Capital

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CURRENCY MARKET UPDATE
CURRENCY PAIR
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
MAJOR INDICES
INDEX
CLOSING AS ON
07th SEPT 18
WEEKLY CHANGES
WEEKLY
% CHANGE
COMMODITY MARKET UPDATE
COMMODITY
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
Market Wrap–Up
Nifty 11589.10 -91.40 -78.25%
Nifty 100 11879.90 -123.20 -102.64%
Nifty 200 6171.30 -69.25 -110.97%
Nifty 500 9875.20 -116.80 -116.89%
Nifty VIX 13.89 1.29 1023.81%
Nifty Bank 27481.45 -580.30 -206.79%
Nifty Auto 11036.65 27.40 24.89%
Nifty Finance 11502.10 -216.95 -185.13%
Nifty FMCG 31354.30 -1557.25 -473.16%
Nifty IT 16104.75 293.35 185.53%
Nifty Media 2715.70 -124.40 -438.01%
Nifty Metal 3699.75 56.30 154.52%
Nifty Pharma 10661.25 270.30 260.13%
Nifty PSU Banks 3135.95 -179.55 -541.55%
Nifty PVT Bank 15618.30 -314.90 -197.64%
Nifty Realty 268.15 -7.70 -279.14%
USDINR 71.8575 71.1875 0.94%
GBPINR 93.4700 92.5525 0.99%
EURINR 83.5800 83.0550 0.63%
JPYINR 64.8575 64.2800 0.90%
EURUSD 1.1553 1.1601 -0.41%
GBPUSD 1.2924 1.2963 -0.30%
Dollar Index 95.33 95.05 0.29%
Gold COMEX 1193.60 1206.90 -1.10%
Gold MCX 30509 30157 1.17%
Crude Oil NYMEX 67.75 69.80 -2.94%
Crude Oil MCX 4883 4959 -1.53%
Brent Oil NYMEX 76.83 77.42 -0.76%
Copper MCX 422.60 423.80 -0.28%
Natural Gas NYMEX 2.776 2.916 -4.80%

WEEKLY GAINERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
HIGH
WEEKLY LOSERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
LOW
Market at a Glance
WIPRO 323.30 7.55% 334.00
BAJAJ-
AUTO
2926.00 6.25% 3468.35
DRREDDY 2625.00 5.34% 2659.80
TATA-
MOTORS
277.05 3.78% 468.22
LUPIN 960.90 3.16% 1090.00
HINDUNILVR 1632.40 -8.09% 1169.00
SBIN 291.10 -6.19% 232.35
ZEEL 470.50 -5.89% 436.05
YESBANK 323.65 -5.64% 285.00
ONGC 171.70 -4.53% 151.80

ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Economic Calendar
Monday, September 10, 2018
14:00 GBP GDP (MoM) 0.20% 0.10%
14:00 GBP Manufacturing Production (MoM) (Jul) 0.20% 0.40%
Tuesday, September 11, 2018
14:00 GBP Average Earnings Index +Bonus (Jul) 2.40% 2.40%
14:00 GBP Claimant Count Change (Aug) 10.0K 10.2K
19:30 USD JOLTs Job Openings (Jul) 6.646M 6.662M
Wednesday, September 12, 2018
18:00 USD PPI (MoM) (Aug) 0.20% 0.00%
20:00 USD Crude Oil Inventories -0.750M -4.302M
Thursday, September 13, 2018
All Day INR India - Ganesh Chaturthi Holiday
16:30 GBP BoE Interest Rate Decision (Sep) 0.75% 0.75%
18:00 USD Core CPI (MoM) (Aug) 0.20% 0.20%
Friday, September 14, 2018
7:30 CNY Industrial Production (YoY) (Aug) 6.20% 6.00%
15:30 GBP BoE Gov Carney Speaks - -
18:00 USD Core Retail Sales (MoM) (Aug) 0.50% 0.60%
18:00 USD Retail Sales (MoM) (Aug) 0.40% 0.50%

Continued .......
Weekly Pivots
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
ADANIPORTS 456.30 430.80 405.30 391.05 379.77 365.50 354.25 328.75 303.25
ASIANPAINT 1605.80 1516.25 1426.70 1371.85 1337.15 1282.30 1247.60 1158.05 1068.50
AXISBANK 732.70 701.95 671.20 658.10 640.42 627.30 609.65 578.90 548.15
BAJAJ-AUTO 3533.20 3307.00 3080.80 3003.40 2854.60 2777.20 2628.40 2402.20 2176.00
BAJAJFINSV 8356.00 7788.60 7221.20 6906.60 6653.80 6339.20 6086.40 5519.00 4951.60
BAJFINANCE 3649.85 3363.00 3076.15 2910.60 2789.28 2623.70 2502.40 2215.55 1928.70
BHARTIARTL 457.45 432.40 407.35 398.35 382.28 373.25 357.20 332.15 307.10
BPCL 418.65 397.85 377.05 367.00 356.23 346.15 335.40 314.60 293.80
CIPLA 754.05 721.75 689.45 677.10 657.15 644.80 624.85 592.55 560.25
COALINDIA 338.55 320.05 301.55 294.10 283.03 275.55 264.50 246.00 227.50
DRREDDY 3302.70 3053.40 2804.10 2714.55 2554.77 2465.20 2305.45 2056.15 1806.85
EICHERMOT 33426.95 31792.40 30157.85 29431.60 28523.30 27797.05 26888.75 25254.20 23619.65
GAIL 460.20 430.65 401.10 388.95 371.53 359.35 341.95 312.40 282.85
GRASIM 1242.70 1174.20 1105.70 1065.85 1037.17 997.30 968.65 900.15 831.65
HCLTECH 1271.50 1201.20 1130.90 1101.70 1060.60 1031.40 990.30 920.00 849.70
HDFC 2102.85 2045.90 1988.95 1955.95 1931.98 1898.95 1875.00 1818.05 1761.10

Continued .......
Weekly Pivots
HDFCBANK 2195.25 2149.10 2102.95 2081.00 2056.78 2034.80 2010.60 1964.45 1918.30
HEROMOTOCO 3952.10 3723.70 3495.30 3417.15 3266.87 3188.70 3038.45 2810.05 2581.65
HINDALCO 285.20 270.25 255.30 249.40 240.33 234.40 225.35 210.40 195.45
HINDPETRO 285.75 274.30 262.85 258.15 251.38 246.65 239.90 228.45 217.00
HINDUNILVR 2254.65 2060.70 1866.75 1749.60 1672.78 1555.60 1478.80 1284.85 1090.90
IBULHSGFIN 1535.10 1430.90 1326.70 1267.85 1222.47 1163.60 1118.25 1014.05 909.85
ICICIBANK 407.25 382.90 358.55 345.95 334.18 321.55 309.80 285.45 261.10
INDUSINDBK 2145.00 2054.20 1963.40 1920.20 1872.60 1829.40 1781.80 1691.00 1600.20
INFRATEL 365.90 336.70 307.50 291.00 278.30 261.80 249.10 219.90 190.70
INFY 759.20 748.05 736.90 735.45 725.72 724.25 714.55 703.40 692.25
IOC 172.15 165.85 159.55 156.45 153.22 150.10 146.90 140.60 134.30
ITC 360.25 344.65 329.05 319.85 313.42 304.20 297.80 282.20 266.60
KOTAKBANK 1454.50 1388.10 1321.70 1282.95 1255.27 1216.50 1188.85 1122.45 1056.05
LT 1458.90 1423.70 1388.50 1367.75 1353.27 1332.50 1318.05 1282.85 1247.65
LUPIN 1142.10 1074.60 1007.10 984.00 939.60 916.50 872.10 804.60 737.10
M&M 1179.45 1105.85 1032.25 1002.90 958.63 929.25 885.00 811.40 737.80

Weekly Pivots
MARUTI 10730.30 10109.55 9488.80 9101.85 8868.05 8481.10 8247.30 7626.55 7005.80
NTPC 190.55 183.50 176.45 173.15 169.38 166.05 162.30 155.25 148.20
ONGC 206.50 195.85 185.20 178.45 174.52 167.75 163.85 153.20 142.55
POWERGRID 228.30 217.70 207.10 201.30 196.47 190.65 185.85 175.25 164.65
RELIANCE 1474.20 1401.35 1328.50 1302.80 1255.63 1229.90 1182.75 1109.90 1037.05
SBIN 360.70 339.50 318.30 304.70 297.07 283.45 275.85 254.65 233.45
SUNPHARMA 779.30 740.00 700.70 682.75 661.37 643.40 622.05 582.75 543.45
TATAMOTORS 344.30 319.80 295.30 286.20 270.78 261.65 246.25 221.75 197.25
TATASTEEL 728.80 688.00 647.20 631.60 606.40 590.80 565.60 524.80 484.00
TCS 2231.90 2181.60 2131.30 2105.05 2080.98 2054.70 2030.65 1980.35 1930.05
TECHM 907.05 858.30 809.55 790.30 760.77 741.50 712.00 663.25 614.50
TITAN 1113.20 1036.45 959.70 914.25 882.95 837.50 806.20 729.45 652.70
ULTRACEMCO 5454.40 5066.75 4679.10 4476.85 4291.42 4089.15 3903.75 3516.10 3128.45
UPL 822.00 783.60 745.20 730.10 706.80 691.70 668.40 630.00 591.60
VEDL 268.25 255.25 242.25 237.75 229.22 224.70 216.20 203.20 190.20
WIPRO 403.30 374.55 345.80 334.55 317.02 305.75 288.25 259.50 230.75
YESBANK 416.45 388.25 360.05 341.85 331.82 313.60 303.60 275.40 247.20
ZEEL 697.40 622.45 547.50 509.00 472.52 434.00 397.55 322.60 247.65

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: 11800
Major Support Levels: 11500
Open Interest & Price Analysis
MUTHOOTFIN 72.14% 13.71%
GODFRYPHLP 26.15% 7.36%
LUPIN 16.15% 2.61%
GRANULES 15.77% 4.68%
TORNTPOWER 14.94% 1.92%
GLENMARK -12.20% 2.44%
BAJAJ-AUTO -11.97% 6.00%
BALRAMCHIN -10.23% 1.89%
- - -
- - -
BALKRISIND 118.45% -13.78%
BEL 69.86% -19.27%
GODREJCP 35.69% -7.66%
SRTRANSFIN 35.00% -9.56%
NESTLEIND 31.90% -9.78%
COLPAL -16.68% -2.48%
BATAINDIA -14.88% -2.52%
RELINFRA -12.14% -1.25%
- - -
- - -

NIFTY WEEKLY PIVOTS
PARTICULAR LEVELFundamental Outlook
Indian Equity market is Mostly, in a strong up trend but a correction cannot be ruled out at this point. As we seen
first half of the week was fully dominated by bearish and the latter part tries to make up for the damage. Courtesy
to relentless appreciation in US Dollar against the Indian Rupee. Till last week, our markets could handle up to the
71 mark; but the moment this level crossed, it called for some kind of panic in the traders’ fraternity. But, fortu-
nately, the end was good for the week after USDINR cooling off a bit and hence, Nifty managed to recoup some
losses to close tad below the 11600 mark. Still clouds are looming largely on our Indian markets as US Dollar is look-
ing further strong in coming days.
Technical Outlook
The Nifty futures started the last week on negative note on Monday and traded with negative movement through-
out the week and give closing with 78 points loss on weekly basis. Index is forming H&S price pattern on daily chart
and if it give closing below 11500 levels then further down side movement can be seen in it
Continued …....
Nifty Analysis
R4 12629.15
R3 12291.10
R2 11953.05
R1 11793.00
PP 11615.00
S1 11454.95
S2 11276.95
S3 10938.90
S4 10600.85

Continued …....
TECHNICAL INDICATOR
ANALYSIS
INDICATOR
CURRENT
TREND
WEEKLY STRATEGY
PARTICULAR DETAILS
For this week, traders can adopt sell on higher level strategy in it and below the level of 11470. It can test the
level of Rs. 11360 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 11570.
Nifty Analysis
On up side major resistance is placed at 11650 while support is placed at 11470 and violation of this support lev-
els could trigger more selling in index. On option front maximum call options are open on 11800 levels while put
options are open on 11400 levels. ACTION SELL
ENTRY PRICE 11470
TARGET 11360
STOP LOSS 11570
20 Days EMA NEGATIVE
50 Days EMA POSITIVE
200 Days EMA POSITIVE
RSI POSITIVE
MACD NEGATIVE
STOCHASTIC POSITIVE

Technical Outlook
The Nifty Bank index started the last week on negative note and traded with bearish movement throughout the
week, which led index to give closing on negative note on weekly basis. Going ahead, index has formed double
top price pattern on higher levels and if index manages to give closing below the levels of 28300 then it can show
further down side movement and can test levels of 27000. Bank Nifty has crucial resistance of 27670 .
WEEKLY STRATEGY
PARTICULAR DETAILS
For this week, traders can adopt sell on higher level strategy in it and below the level of 27270. It can test the
level of Rs. 27070 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 27420.
WEEKLY PIVOTS
PARTICULAR LEVEL
Bank Nifty Analysis
R4 30711.35
R3 29718.70
R2 28726.05
R1 28159.50
PP 27733.40
S1 27166.85
S2 26740.75
S3 25748.10
S4 24755.45
ACTION SELL
ENTRY PRICE BELOW 27270
TARGET 27070
STOP LOSS 27420

Technical Outlook
Last week, RITES started the week with down side correction but after it gave up side movement. It made a
high of 288.50 during the week and closed at 261 with the overall loss of 10.30% on weekly basis. Technically
it’s recovering from it's correction face and forming bullish harami pattern and for this week, we can expect
further long unwinding in it.
For this week, traders can adopt buy on lower levels strategy in it and above the level of 271 it can test the
level of 284 during the week. Trades can make buy position in it by maintaining a Stop Loss of 262
RITES Cash( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 395.35
R3 351.85
R2 308.35
R1 284.70
PP 264.85
S1 241.20
S2 221.35
S3 177.85
S4 134.35
ACTION BUY
ENTRY PRICE ABOVE 271.00
TARGET 284.00
STOP LOSS 262.00

Technical Outlook
Last week, RALLIS started the week with down side movement but in the later part of the week, it's recovered
from lower levels and given the up side movement for the remaining week. It made a high of 209.40 during the
week and closed at 201.50 with the overall loss of 3.50% on weekly basis. Technically it’s given trendline break-
out with consolidation from the lower levels and for this week, we can expect upside movement in it.
For this week, traders can adopt buy on trendline breakout strategy in it and above the level of 207 it can test
the level of 219 during the week. Trades can make buy position in it by maintaining a Stop Loss of 198
RALLIS Cash ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 226.55
R3 218.20
R2 209.85
R1 201.95
PP 201.5
S1 193.60
S2 193.15
S3 184.80
S4 176.45
ACTION BUY
TARGET 219.00
STOP LOSS 198.00

Technical Outlook
Last week, YESBANK Sept Futures started the week on negative note and after that it witnessed bearish move-
ment for the entire week. It made a low of 323 during the week and closed at 323.45 with the overall loss of
6.34% on weekly basis. Technically YESBANK Futures in the bearish trend but for this week, we can expect
short covering from the lower levels as open interest and volume giving the sign of recovery.
For this week, traders can adopt buy on lower level strategy in it and above the level of 331 it can test the level of
351 during the week. Trades can make buy position in it by maintaining a Stop Loss of 324.00
YES BANK FUTURES( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 413.15
R3 386.35
R2 359.55
R1 342.50
PP 332.75
S1 315.70
S2 305.95
S3 279.15
S4 252.35
ACTION BUY
TARGET 351.00
STOP LOSS 324.00

Technical Outlook
Last week, JUBLFOOD Sept Futures started the week on negative note and after that it witnessed bearish move-
ment for the entire week. It made a low of 1398.15 during the week and closed at 1415.35 with the overall loss
of 9.11% on weekly basis. Technically JUBLFOOD Futures in the bullish trend but it witnessing profit booking
from higher levels and for this week, we can expect downside movement in it.
For this week, traders can adopt sell on higher level strategy in it and below the level of 1406 it can test the
level of 1378 during the week. Trades can make sell position in it by maintaining a Stop Loss of 1426
JUBL FOOD FUTURES ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 1953.40
R3 1788.55
R2 1623.70
R1 1519.55
PP 1458.85
S1 1354.70
S2 1294.00
S3 1129.15
S4 964.30
ACTION SELL
ENTRY PRICE BELOW 1406.00
TARGET 1378.00
STOP LOSS 1426.00

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been filed against the company since the incorporation of the company by regulatory body.
Disclaimer

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 12 September 2018 Ways2Capital

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