Equity research report 17 july 2018 ways2 capital

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CURRENCY MARKET UPDATE
CURRENCY PAIR
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
MAJOR INDICES
INDEX
CLOSING AS ON
13th JULY 18
WEEKLY CHANGES
WEEKLY
% CHANGE
COMMODITY MARKET UPDATE
COMMODITY
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
Market Wrap–Up
Nifty 11018.90 246.25 2.29%
Nifty 100 11258.7 221.50 2.01%
Nifty 200 5837.55 102.80 1.79%
Nifty 500 9349.05 154.55 1.68%
Nifty VIX 12.30 -0.14 -1.13%
Nifty Bank 26935.95 442.10 1.67%
Nifty Auto 11003.05 -64.80 -0.59%
Nifty Finance 11259.45 235.45 2.14%
Nifty FMCG 29629.55 284.90 0.97%
Nifty IT 14534.9 518.95 3.70%
Nifty Media 2862.95 -134.45 -4.49%
Nifty Metal 3286.6 -35.45 -1.07%
Nifty Pharma 9164.00 -25.90 -0.28%
Nifty PSU Banks 2765.15 -7.10 -0.26%
Nifty PVT Bank 15287.10 230.45 1.53%
Nifty Realty 266.85 -0.45 -0.17%
USDINR 68.5975 69.0500 -0.66%
GBPINR 90.1200 91.4525 -1.46%
EURINR 79.8575 80.9900 -1.40%
JPYINR 61.0050 62.4825 -2.36%
EURUSD 1.1658 1.1773 -0.98%
GBPUSD 1.3179 1.3277 -0.74%
Dollar Index 94.44 93.77 0.71%
Gold COMEX 1241.80 1254.30 -1.00%
Gold MCX 30560 30560 0.00%
Crude Oil NYMEX 70.56 73.80 -4.39%
Crude Oil MCX 5072 5072 0.00%
Brent Oil NYMEX 74.86 77.11 -2.92%
Copper MCX 431.40 431.40 0.00%
Natural Gas NYMEX 2.758 2.854 -3.36%

WEEKLY GAINERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
HIGH
WEEKLY LOSERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
LOW
Market at a Glance
RELIANCE 1096.75 12.31% 1107.25
YESBANK 376.40 6.81% 385
WIPRO 280.70 6.73% 334.75
BAJAJFI-
NANCE
2460.35 5.07% 2475
BAJAJFIN-
SERV
6339.85 4.68% 6357
UPL 563.75 -9.33% 548.8
ZEEL 508.65 -6.48% 477.25
LUPIN 865.20 -5.53% 723.55
GRASIM 935.60 -5.28% 933
HEROMTO-
CORP
3460.60 -4.84% 3353.75

ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Economic Calendar
Monday, July 16, 2018
7:30 CNY GDP (YoY) (Q2) 6.70% 6.80%
7:30 CNY Industrial Production (YoY) (Jun) 6.50% 6.80%
18:00 USD Core Retail Sales (MoM) (Jun) 0.40% 0.90%
18:00 USD Retail Sales (MoM) (Jun) 0.60% 0.80%
Tuesday, July 17, 2018
14:00 GBP Average Earnings Index +Bonus (May) - 2.50%
14:00 GBP Claimant Count Change (Jun) - -7.7K
19:30 USD Fed Chair Powell Speaks - -
Wednesday, July 18, 2018
14:00 GBP CPI (YoY) (Jun) 2.50% 2.40%
18:00 USD Building Permits (Jun) 1.328M 1.301M
19:30 USD Fed Chair Powell Speaks - -
20:00 USD Crude Oil Inventories - -12.633M
20:00 USD Crude Oil Inventories - -12.633M
Thursday, July 19, 2018
14:00 GBP Retail Sales (MoM) (Jun) - 1.30%
18:00 USD Philadelphia Fed Manufacturing Index (Jul) 21.5 19.9

NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Continued .......
Weekly Pivots
ADANI PORTS 409.55 396.85 384.15 377.30 371.45 364.60 358.75 346.05 333.35
ASIANPAINT 1538.65 1479.15 1419.65 1395.05 1360.15 1335.55 1300.65 1241.15 1181.65
AXISBANK 622.95 592.35 561.75 547.15 531.12 516.50 500.50 469.90 439.30
BAJAJ-AUTO 3690.25 3491.90 3293.55 3193.75 3095.17 2995.35 2896.80 2698.45 2500.10
BAJAJFINSV 6892.90 6655.55 6418.20 6309.00 6180.82 6071.60 5943.45 5706.10 5468.75
BAJFINANCE 2653.45 2561.45 2469.45 2417.90 2377.45 2325.90 2285.45 2193.45 2101.45
BHARTIARTL 394.35 384.90 375.45 371.65 365.98 362.15 356.50 347.05 337.60
BPCL 441.75 419.50 397.25 386.25 375.00 364.00 352.75 330.50 308.25
CIPLA 693.05 671.35 649.65 640.85 627.92 619.10 606.20 584.50 562.80
COALINDIA 321.85 305.90 289.95 284.20 273.97 268.20 258.00 242.05 226.10
DRREDDY 2666.15 2553.50 2440.85 2381.35 2328.17 2268.65 2215.50 2102.85 1990.20
EICHERMOT 31329.70 30269.70 29209.70 28749.35 28149.67 27689.30 27089.65 26029.65 24969.65
GAIL 428.25 404.65 381.05 372.50 357.45 348.90 333.85 310.25 286.65
GRASIM 1110.90 1067.90 1024.90 1007.80 981.88 964.75 938.85 895.85 852.85
HCLTECH 1203.45 1129.55 1055.65 1017.60 981.75 943.70 907.85 833.95 760.05
HDFC 2177.85 2098.95 2020.05 1981.30 1941.15 1902.40 1862.25 1783.35 1704.45

Continued .......
Weekly Pivots
HDFCBANK 2361.00 2288.90 2216.80 2181.60 2144.67 2109.45 2072.55 2000.45 1928.35
HEROMOTOCO 4113.50 3934.60 3755.70 3669.60 3576.80 3490.70 3397.90 3219.00 3040.10
HINDALCO 257.45 247.05 236.65 232.85 226.25 222.45 215.85 205.45 195.05
HINDPETRO 342.40 318.05 293.70 281.00 269.32 256.60 244.95 220.60 196.25
HINDUNILVR 1929.70 1854.30 1778.90 1732.95 1703.47 1657.50 1628.05 1552.65 1477.25
IBULHSGFIN 1243.95 1213.15 1182.35 1163.00 1151.55 1132.20 1120.75 1089.95 1059.15
ICICIBANK 297.65 289.20 280.75 277.10 272.28 268.60 263.80 255.35 246.90
INDUSINDBK 2136.80 2069.90 2003.00 1969.05 1936.07 1902.10 1869.15 1802.25 1735.35
INFRATEL 368.20 348.10 328.00 316.65 307.87 296.50 287.75 267.65 247.55
INFY 1496.70 1433.65 1370.60 1336.00 1307.52 1272.90 1244.45 1181.40 1118.35
IOC 195.25 182.45 169.65 162.45 156.82 149.60 144.00 131.20 118.40
ITC 300.85 292.75 284.65 280.85 276.52 272.70 268.40 260.30 252.20
KOTAKBANK 1482.55 1448.25 1413.95 1393.05 1379.62 1358.70 1345.30 1311.00 1276.70
LT 1408.00 1366.70 1325.40 1305.00 1284.10 1263.70 1242.80 1201.50 1160.20
LUPIN 1049.45 1001.25 953.05 927.95 904.82 879.70 856.60 808.40 760.20
M&M 1016.85 986.85 956.85 943.70 926.85 913.70 896.85 866.85 836.85

Weekly Pivots
MARUTI 10129.35 9908.70 9688.05 9609.55 9467.38 9388.85 9246.70 9026.05 8805.40
NTPC 166.30 161.85 157.40 155.65 152.95 151.20 148.50 144.05 139.60
ONGC 174.00 168.55 163.10 160.55 157.63 155.05 152.15 146.70 141.25
POWERGRID 194.95 191.20 187.45 185.75 183.67 181.95 179.90 176.15 172.40
RELIANCE 1382.60 1267.10 1151.60 1088.65 1036.07 973.10 920.55 805.05 689.55
SBIN 286.05 278.20 270.35 267.05 262.47 259.15 254.60 246.75 238.90
SUNPHARMA 608.65 594.05 579.45 571.70 564.85 557.10 550.25 535.65 521.05
TATAMOTORS 307.15 295.65 284.15 279.80 272.65 268.30 261.15 249.65 238.15
TATASTEEL 617.85 600.00 582.15 575.40 564.27 557.50 546.40 528.55 510.70
TCS 2296.40 2169.15 2041.90 1958.50 1914.62 1831.20 1787.35 1660.10 1532.85
TECHM 750.95 718.15 685.35 668.05 652.52 635.20 619.70 586.90 554.10
TITAN 933.65 897.65 861.65 847.25 825.62 811.20 789.60 753.60 717.60
ULTRACEMCO 4445.30 4285.80 4126.30 4043.05 3966.77 3883.50 3807.25 3647.75 3488.25
UPL 808.65 745.30 681.95 659.55 618.58 596.15 555.20 491.85 428.50
VEDL 272.70 255.70 238.70 232.40 221.68 215.35 204.65 187.65 170.65
WIPRO 329.50 310.15 290.80 280.70 271.42 261.30 252.05 232.70 213.35
YESBANK 460.50 430.50 400.50 385.95 370.47 355.90 340.45 310.45 280.45
ZEEL 584.65 569.65 554.65 546.55 539.63 531.50 524.60 509.60 494.60

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: 10700
Open Interest & price Analysis
ADANIENT 105.50% 19.07%
ADANIPOWER 34.06% 19.16%
MARICO 22.65% 2.48%
TATAELXSI 19.53% 4.70%
DCBBANK 17.19% 6.13%
PVR 48.63% -11.78%
ZEEL 31.47% -5.66%
UPL 28.29% -9.38%
AMBUJACEM 26.97% -5.16%
STAR 23.85% -8.21%
BALKRISIND -11.47% -1.88%
- - -
- - -
- - -
- - -
IDBI -18.91% 18.80%
SRTRANSFIN -18.29% 12.27%
MFSL -16.03% 6.17%
APOLLOTYRE -15.30% 2.53%
HCLTECH -12.51% 3.86%

NIFTY WEEKLY PIVOTS
PARTICULAR LEVEL
Fundamental Outlook
Equity benchmark Nifty ended its 7 weeks consolidation phase as it railed more than 240 points in past week to
closed on positive note. The same positivity was also seen in most of the global markets, where most of the Asian
markets were remained performer thanks to American and European market which showed good strength on
weekly basis. The earning session is already begins and which could further decide the momentum of the index in
coming weeks. On the Economic front USD/INR was in some consolidation phase after approaching its 52 week.
Negativity in crude oil prices was also the major factor for our Index to show some strength on weekly basis. Nifty
P/E ratio was in the range of 26.82 to 27.38 for the past week.
Technical Outlook
Bulls dominated the Nifty Index throughout the past week. In the penultimate week, the Nifty had formed an inside
bar on the weekly chart, whereas last week it gave breakout of long consolidation phase on the upside, leading to a
sharp up move. On the way up, the index has crossed its short and medium term falling trend line. On weekly charts
a decent bullish candle with a full-fledged breakout above the 8 week consolidation zone is clearly visible which
could lead index to test of life time highs present around 11,171 levels.
Continued …....
Nifty Analysis
R4 11766.65
R3 11498.90
R2 11231.15
R1 11125.55
PP 10963.40
S1 10857.80
S2 10695.65
S3 10427.90
S4 10160.15

On the higher side, 11,100-11,171 is a crucial hurdle zone to watch out for. If the bulls manage to cross that re-
gion then we can look for significantly higher levels. On the options front, maximum Put OI is placed at 10,700
strikes while the maximum Call OI is placed at 11,000 followed by 11,100 strikes.
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 11021. It can test the
level of Rs. 11170 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 10921.
Nifty Analysis
ACTION BUY
ENTRY PRICE ABOVE 11021
TARGET 11170
STOP LOSS 10921
20 Days EMA POSITIVE
RSI POSITIVE
MACD POSITIVE
STOCHASTIC POSITIVE

During last week, the Nifty Bank index gave a breakout from the recent consolidation phase and rallied higher to
surpass the 27000 mark. However, selective stocks from the banking space participated in this up move wherein
the recent outperformers from the private sector heavyweights continued with the momentum. Going ahead,
the near term resistance is seen around 27165. A breach above this mentioned resistance would lead to a con-
tinuation of the uptrend towards its previous all-time high. On the flipside, near-term support for the index is
placed in the range of 26810-26770
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
level of Rs. 26900 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 26400.
WEEKLY PIVOTS
PARTICULAR LEVEL
Bank Nifty Analysis
R4 28548.40
R3 28001.40
R2 27454.40
R1 27208.70
PP 26907.40
S1 26661.70
S2 26360.40
S3 25813.40
S4 25266.40
ACTION BUY
TARGET 27300
STOP LOSS 26800

Technical Outlook
Last week TCS NSE Cash opened at 1924.00 and made high of 1998.00 during the week. It closed at 1981.10
with the overall gain of 3.56% on weekly basis. It’s created new lifetime high of 1998 last week and consolidat-
ing near to major psychological resistance level of 2000. Technically it’s looking further upside on the chart
with the overbought RSI & for this week we can expect further upside movement in it.
For this week, traders can adopt buy on lower level strategy in it and above the level of 2000.00 it can test the
level of Rs. 2060.00 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1960
TCS ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 2333.65
R3 2205.65
R2 2077.65
R1 2029.30
PP 1949.65
S1 1901.30
S2 1821.65
S3 1693.65
S4 1565.65
ACTION BUY
TARGET 2060.00
STOP LOSS 1960.00

Technical Outlook
Last week YESBANK NSE Cash opened at 356.10 and made a high of 385.00 during the week. It closed at 376
with the overall gain of 6.50% on weekly basis. Technically it broke the major resistance level of 382.90& con-
solidating around those levels with the positive bias. It witnessed almost 18.00% upside movement in last one
month & we can expect further continuation in this really.
For this week, traders can adopt buy on lower level strategy in it and above the level of 379.00, it can test the
level of Rs. 397.00 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 367.00
YES BANK ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 462.00
R3 432.00
R2 402.00
R1 389.00
PP 372
S1 359.00
S2 342.00
S3 312.00
S4 282.00
ACTION BUY
ENTRY PRICE Above 379
TARGET 397.00
STOP LOSS 367.00

Technical Outlook
Last week ICICIBANK NSE Futures opened at 273.55 and made low of 265.55 during the week. It closed 267.35
with the overall loss of 1.00% on weekly basis. Technically ICICIBANK Futures broke the major support level of
266.00 and sustaining near to those levels with the negative RSI. For this week, we can expect further down-
side movement in it.
For this week, traders can adopt sell on higher levels strategy in it and below the level of 259.40, it can test the
level of Rs. 255.40 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 262.40
ICICI BANK FUTURES ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 300.30
R3 290.05
R2 279.80
R1 273.55
PP 269.55
S1 263.30
S2 259.30
S3 249.05
S4 238.80
ACTION SELL
ENTRY PRICE BELOW 259.40
TARGET 255.40
STOP LOSS 262.40

Technical Outlook
Last Week SRTRANFINS Jul Futures opened at negative note made low of 1111.00 during the week It closed at
1248 with the overall gain of 12.27% on weekly basis. Technical it formed Bulish Harami Pattern on the weekly
chart and for this week, we can expect upside movement in it above the level of 1274.00
For this week, traders can adopt buy on lower level strategy in it and above the level of 1274.00 it can test the
level of Rs. 1314 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1260
STRNTANSFIN( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 1646.65
R3 1499.65
R2 1352.65
R1 1300.30
PP 1205.65
S1 1153.30
S2 1058.65
S3 911.65
S4 764.65
ACTION BUY
TARGET 1314.00
STOP LOSS 1260.00

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हाई ब्रो माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी कंपननयां अनुसंधान ररपोटा में शानमल कंपननयों के साथ कारोबार नहीं करती हैं और न ही ककसी भी तरह के उत्पादों / प्रनतभूनतयों के जारीकताा के साथ जुडी हैं, जो यह सुनननित करता है कक नहतों के नलए कोई वास्तनवक या
संभानवत संघषा नहीं है | ननयामक ननकाय के अनुपालन को सुनननित करने के नलए हमने यह तय ककया है कक कंपनी और उसके कोई भी प्रनतनननध बाज़ार में ट्रेड नहीं करेंगे।
Clients are advised to consider information provided in the report as opinion only & make investment decision of their own. Clients are also advised to read & understand terms & conditions of services published on website. No litigations have
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

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