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HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PRIVATE LIMITED
PHONE: 0731-6626191 | MAIL: SUPPORT@WAYS2CAPITAL.COM | ADD : 515-516, SHAGUN ARCADE,VIJAY NAGAR, INDORE, MP, 452001
2 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019
CURRENCY MARKET UPDATE
CURRENCY PAIR
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
MAJOR INDICES
INDEX
CLOSING
AS ON 18th JAN 19
WEEKLY CHANGES
WEEKLY
% CHANGE
COMMODITY MARKET UPDATE
COMMODITY
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
Market Wrap–Up
Nifty 10906.95 30.20 0.28%
Nifty 100 11109.50 17.25 0.16%
Nifty 200 5741.35 8.45 0.15%
Nifty 500 9140.10 30.95 0.34%
India VIX 16.62 -2.54 -13.26%
Nifty Bank 27456.70 593.75 2.21%
Nifty Auto 8844.80 -425.40 -4.59%
Nifty Finance 11678.25 239.45 2.09%
Nifty FMCG 30540.35 414.10 1.37%
Nifty IT 14892.95 254.90 1.74%
Nifty Media 2389.60 -160.25 -6.28%
Nifty Metal 2957.10 -206.65 -6.53%
Nifty Pharma 8689.60 -586.10 -6.32%
Nifty PSU Banks 3083.95 168.75 5.79%
Nifty PVT Bank 15505.80 351.35 2.32%
Nifty Realty 238.30 6.30 2.72%
USDINR 71.2350 70.6000 0.90%
GBPINR 92.2775 90.3950 2.08%
EURINR 81.2975 81.4625 -0.20%
JPYINR 65.2700 65.1400 0.20%
EURUSD 1.1410 1.1412 -0.02%
GBPUSD 1.2900 1.2661 1.89%
Dollar Index 95.99 95.26 0.77%
Gold COMEX 1282.60 1289.50 -0.54%
Gold MCX 32091 31448 2.04%
Crude Oil NYMEX 53.80 51.59 4.28%
Crude Oil MCX 3817 3632 5.09%
Brent Oil NYMEX 62.65 62.73 -0.13%
Copper MCX 429.35 415.90 3.23%
Natural Gas NYMEX 3.482 3.099 12.36%
3 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019
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
Inds.
198.25 7.70% 404.00
YES Bank
Ltd.
1182.95 7.75% 1328.75
Infosys 731.00 6.92% 754.95
Adani Ports
& Speci
399.55 5.98% 451.55
Wipro Ltd 346.20 5.52% 348.45
Sun Pharma 390.75 -11.83% 375.40
Bharti Airtel 310.95 -6.92% 277.00
GAIL (India) 323.15 -4.70% 296.00
L&T 1318.25 -3.79% 1183.40
SBI 295.20 -2.73% 232.00
4 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019
ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Economic Calendar
Monday, January 21, 2019
All Day USD United States - Martin Luther King, Jr. Day Holiday
7:30 CNY GDP (YoY) (Q4) 6.40% 6.50%
Tentative CNY Industrial Production (YoY) (Dec) 5.30% 5.40%
Tuesday, January 22, 2019
15:00 GBP Average Earnings Index +Bonus (Nov) 3.30% 3.30%
15:00 GBP Claimant Count Change (Dec) 20.0K 21.9K
20:30 USD Existing Home Sales (Dec) 5.24M 5.32M
Thursday, January 24, 2019
19:00 USD Initial Jobless Claims 218K 213K
20:15 USD Manufacturing PMI (Jan) 53.5 53.8
21:30 USD Crude Oil Inventories - -2.683M
Friday, January 25, 2019
19:00 USD Core Durable Goods Orders (MoM) (Dec) 0.20% 0.40%
Tentative USD New Home Sales 569K 544K
5 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019
Continued .......
Weekly Pivots
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
ADANIPORTS 473.20 445.65 418.10 408.70 390.55 381.15 363.00 335.45 307.90
ASIANPAINT 1493.65 1462.20 1430.75 1415.60 1399.30 1384.15 1367.85 1336.40 1304.95
AXISBANK 748.10 720.65 693.20 678.90 665.72 651.40 638.25 610.80 583.35
BAJAJ-AUTO 2927.05 2856.30 2785.55 2753.15 2714.80 2682.40 2644.05 2573.30 2502.55
BAJAJFINSV 7253.30 6948.30 6643.30 6446.60 6338.30 6141.60 6033.30 5728.30 5423.30
BAJFINANCE 2933.25 2804.40 2675.55 2609.25 2546.68 2480.35 2417.80 2288.95 2160.10
BHARTIARTL 443.10 402.15 361.20 336.20 320.23 295.20 279.25 238.30 197.35
BPCL 426.30 400.15 374.00 364.10 347.82 337.90 321.65 295.50 269.35
CIPLA 541.40 531.05 520.70 515.05 510.32 504.65 499.95 489.60 479.25
COALINDIA 244.55 240.00 235.45 232.75 230.88 228.15 226.30 221.75 217.20
DRREDDY 2816.80 2742.45 2668.10 2632.45 2593.72 2558.05 2519.35 2445.00 2370.65
EICHERMOT 23000.10 22102.35 21204.60 20663.70 20306.83 19765.90 19409.05 18511.30 17613.55
GAIL 380.40 362.60 344.80 333.50 326.98 315.65 309.15 291.35 273.55
GRASIM 939.30 900.55 861.80 843.40 823.03 804.60 784.25 745.50 706.75
HCLTECH 1076.60 1035.85 995.10 980.70 954.35 939.95 913.60 872.85 832.10
HDFC 2178.70 2115.70 2052.70 2029.80 1989.68 1966.75 1926.65 1863.65 1800.65
6 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Continued .......
Weekly Pivots
HDFCBANK 2244.25 2203.70 2163.15 2146.70 2122.57 2106.10 2082.00 2041.45 2000.90
HEROMOTOCO 3139.80 3058.95 2978.10 2938.45 2897.23 2857.55 2816.35 2735.50 2654.65
HINDALCO 228.90 221.80 214.70 211.75 207.57 204.60 200.45 193.35 186.25
HINDPETRO 280.90 267.10 253.30 246.40 239.50 232.60 225.70 211.90 198.10
HINDUNILVR 1957.90 1890.40 1822.90 1783.50 1755.40 1716.00 1687.90 1620.40 1552.90
IBULHSGFIN 1020.75 953.50 886.25 851.80 819.00 784.55 751.75 684.50 617.25
ICICIBANK 402.25 392.85 383.45 377.75 374.03 368.30 364.60 355.20 345.80
INDUSINDBK 1703.00 1638.00 1573.00 1544.95 1507.97 1479.90 1442.95 1377.95 1312.95
INFRATEL 309.10 299.05 289.00 283.55 278.93 273.45 268.85 258.80 248.75
INFY 851.15 808.10 765.05 748.00 721.97 704.90 678.90 635.85 592.80
IOC 158.95 151.25 143.55 140.70 135.85 133.00 128.15 120.45 112.75
ITC 315.15 307.75 300.35 295.90 292.95 288.50 285.55 278.15 270.75
KOTAKBANK 1362.10 1317.10 1272.10 1256.15 1227.07 1211.10 1182.05 1137.05 1092.05
LT 1495.30 1441.10 1386.90 1352.40 1332.70 1298.20 1278.50 1224.30 1170.10
LUPIN 994.80 948.30 901.80 882.05 855.27 835.50 808.75 762.25 715.75
M&M 806.85 781.15 755.45 745.20 729.75 719.50 704.05 678.35 652.65
7 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Weekly Pivots
MARUTI 8000.65 7787.65 7574.65 7466.30 7361.65 7253.30 7148.65 6935.65 6722.65
NTPC 159.10 154.60 150.10 147.20 145.60 142.70 141.10 136.60 132.10
ONGC 161.25 156.05 150.85 148.80 145.65 143.60 140.45 135.25 130.05
POWERGRID 220.15 211.55 202.95 198.30 194.33 189.65 185.70 177.10 168.50
RELIANCE 1464.05 1360.55 1257.05 1220.70 1153.55 1117.20 1050.05 946.55 843.05
SBIN 335.85 323.45 311.05 303.00 298.62 290.55 286.20 273.80 261.40
SUNPHARMA 667.75 580.55 493.35 442.05 406.12 354.80 318.90 231.70 144.50
TATAMOTORS 248.90 228.05 207.20 195.25 186.35 174.40 165.50 144.65 123.80
TATASTEEL 511.75 498.65 485.55 478.10 472.45 465.00 459.35 446.25 433.15
TCS 2159.55 2063.35 1967.15 1933.90 1870.95 1837.70 1774.75 1678.55 1582.35
TECHM 812.00 774.70 737.40 723.30 700.08 685.95 662.75 625.45 588.15
TITAN 1025.35 1003.65 981.95 971.45 960.22 949.70 938.50 916.80 895.10
ULTRACEMCO 4354.65 4177.85 4001.05 3910.50 3824.22 3733.65 3647.40 3470.60 3293.80
UPL 861.75 830.35 798.95 782.50 767.55 751.10 736.15 704.75 673.35
VEDL 228.40 218.15 207.90 203.30 197.65 193.05 187.40 177.15 166.90
WIPRO 443.45 407.30 371.15 358.65 335.00 322.50 298.85 262.70 226.55
YESBANK 278.60 251.35 224.10 211.35 196.82 184.05 169.55 142.30 115.05
ZEEL 574.75 533.20 491.65 466.00 450.08 424.40 408.50 366.95 325.40
8 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019
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: 10500 followed 10000
Open Interest & Price Analysis
DCBBANK 27.43% 3.85%
MINDTREE 24.95% 6.50%
APOLLOHOSP 23.64% 5.02%
NIITTECH 19.60% 4.96%
WIPRO 17.95% 5.35%
IGL -21.06% 3.30%
KPIT -19.93% 2.23%
BHEL -13.83% 3.05%
PIDILITIND -13.47% 3.43%
TORNTPOWER -10.38% 2.53%
FEDERALBNK 28.44% -5.99%
SUNTV 23.79% -10.80%
TV18BRDCST 22.24% -10.62%
SUNPHARMA 22.17% -11.97%
ENGINERSIN 17.92% -5.14%
MCX -10.60% -2.02%
- - -
- - -
- - -
- - -
9 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019
NIFTY WEEKLY PIVOTS
PARTICULAR LEVEL
Fundamental Outlook
After a somber note opening , Indian Equity market managed to push the index back above crucial resistance levels in last
week. The Nifty which opened at 10,807 rose to a weekly high of 10,930. The Nifty hit weekly low of 10692.35 before closing
the week at 10,906. On weekly basis, Nifty rose by about 1 percent. The rupee on Friday weakened by 16 paise to close at
71.19 against the US dollar amid rise in demand for the greenback from exporters and unabated increase in global crude oil
prices. This is the second successive week of loss for the Indian currency. During the week the domestic unit registered a loss of
27 paise. In the previous week, the local unit had slumped by 81 paise. Brent crude, the global benchmark, was trading at USD
61.90 per barrel, higher by 1.18 per cent.On a net basis, foreign portfolio investors (FPIs) purchased shares worth Rs 842.13
crore Thursday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 727.46 crore, provisional data
available with BSE showed.
Technical Outlook
The Nifty which started on a negative note on Monday managed to push the index back above its crucial resistance levels in the
week gone by, which was largely positive for the bulls. The Nifty reclaimed its crucial resistance level of 10,900 and closed the
week with gains of 1.04 percent. The index formed a ‘Small Bearish’ candle on intraday basis on daily charts as the closing level
was lower than the opening level while on the weekly charts, the index formed a bullish candle for the second consecutive
week in a row.
Continued …....
Nifty Analysis
R4 11600.80
R3 11357.40
R2 11114.00
R1 11020.60
PP 10870.60
S1 10777.20
S2 10627.20
S3 10383.80
S4 10140.40
10 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019
…....
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 10,965. It can test the level of Rs.
11,140 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 10,849.
Nifty Analysis
The index is currently forming a consolidation pattern and is likely to witness a range breakout soon. The current trading
range has been 10,950-10,550 levels. It has formed a higher base which is structurally positive. The Nifty has formed multi-
ple bullish reversal candlestick at the support zone which has kept the bulls interested. A decisive move above 10,950 would
be a bullish sign and will take the index higher towards 11,150-11,300 levels. On the options front, maximum Put OI is
placed at 10700 followed by 10500 strikes while maximum Call OI is at 11000 followed by 10900 strikes.
ACTION BUY
ENTRY PRICE ABOVE 10965
TARGET 11140
STOP LOSS 10849
20 Days EMA POSITIVE
50 Days EMA POSITIVE
200 Days EMA POSITIVE
RSI POSITIVE
MACD POSITIVE
STOCHASTIC POSITIVE
11 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019
Technical Outlook
The Nifty Bank index started the last week on negative note on Monday but it recovered all its previous day's in loss in next
trading session and showed some consolidation near its major resistance levels throughout the week. Bank Nifty witnessed
some profit booking as it has declined from its recent highs and likely to see some consolidation in the near term. It has
formed an Inside Bar candle on daily scale and Doji candle on weekly scale which suggests some indecisiveness in the index.
Price patterns indicate strong support levels around the 27,300-27,050 levels on the downside which likely to provide a
support in case of a decline. Now till it holds above 27,500 levels it can extend its move towards 27,750 then 27,950 levels.
WEEKLY STRATEGY
PARTICULAR DETAILS
For this week, traders can adopt buy on lower level strategy in it and above the level of 27,630. It can test the level of Rs.
27,930 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 27,430.
WEEKLY PIVOTS
PARTICULAR LEVEL
Bank Nifty Analysis
R4 28633.45
R3 28258.40
R2 27883.35
R1 27715.65
PP 27508.30
S1 27340.60
S2 27133.25
S3 26758.20
S4 26383.15
ACTION BUY
ENTRY PRICE ABOVE 27630
TARGET 27930
STOP LOSS 27430
12 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019
Technical Outlook
Overall trend of the Stock is sideways for long term . For short term stock is in bullish phase. Last week, it started on
negative and showed good buying from lower levels throughout the week. On daily chart stock has gave breakout of its
major trend line upside. In intraday stock has showed god buying. If it manages to sustain above the levels of 880 than
further upside move can be seen in it.
For this week, traders can adopt buy on lower level strategy in it and above the level of 880 it can test the level of Rs. 904
during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.864.
LUPIN CASH( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 994.75
R3 948.25
R2 901.75
R1 882.00
PP 855.25
S1 835.50
S2 808.75
S3 762.25
S4 715.75
ACTION BUY
ENTRY PRICE ABOVE 880.00
TARGET 904.00
STOP LOSS 864.00
13 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019
Technical Outlook
Overall trend of the Stock is sideways for long term . For short term stock is in bullish phase. Last week stock started on
negative note and showed good consolidation near its major resistance levels throughout the week. On daily chart stock
has gave breakout of its major resistance levels. If it manages to trade above 2645 levels than further upside move can
be seen in it. In intraday it showed a good positive move.
For this week, traders can adopt buy on lower level strategy in it and above the level of 2645 it can test the level of Rs.
2725 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 2598.
DRREDDY CASH ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 2816.75
R3 2742.40
R2 2668.05
R1 2632.40
PP 2593.7
S1 2558.05
S2 2519.35
S3 2445.00
S4 2370.65
ACTION BUY
ENTRY PRICE ABOVE 2645.00
TARGET 2725.00
STOP LOSS 2598.00
14 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019
Technical Outlook
Overall trend of the Stock is sideways for long term . For short term stock is in bullish phase. Last week, it started on
negative and showed good consolidation throughout the week. On daily chart stock has gave breakout of its major resis-
tance levels of 790. In Intraday chart it has formed flag price pattern and If it manages to sustain above the levels of 805
than further upside move can be seen in it.
For this week, traders can adopt buy on lower level strategy in it and above the level of 805 it can test the level of Rs. 825
during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 795.
GODREJCP FUTURES( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 858.40
R3 835.10
R2 811.80
R1 801.00
PP 788.50
S1 777.70
S2 765.20
S3 741.90
S4 718.60
ACTION BUY
ENTRY PRICE ABOVE 805.00
TARGET 825.00
STOP LOSS 795.00
15 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019
Technical Outlook
Overall trend of the Stock is bullish for long and short term. Last week, it started on positive and showed good buying
throughout the week and closed the last week at 1225.75 with overall gain of 4.96%. On daily chart stock has gave break-
out of its major resistance levels of 1240 and trading above this levels. If it manages to sustain above the levels of 1260
than further upside move can be seen in it.
For this week, traders can adopt buy on lower level strategy in it and above the level of 1274 it can test the level of Rs.
1294 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1262.
NIITECH FUTURES ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 1459.75
R3 1375.00
R2 1290.25
R1 1258.00
PP 1205.50
S1 1173.25
S2 1120.75
S3 1036.00
S4 951.25
ACTION BUY
ENTRY PRICE ABOVE 1274.00
TARGET 1294.00
STOP LOSS 1262.00
16 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019
LEGAL DISCLAIMER ( कानूनी अस्वीकरण) :
This Document has been prepared by Ways2Capital (A Division of High Brow Market Research Investment Advisor Pvt Ltd). The information, analysis and estimates contained herein are based on Ways2Capital Equity/Commodities Research assess-
ment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only.
यह दस्तावेज़ Ways2Capital (हाई ब्रो माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड का एक भाग) द्वारा तैयार ककया गया है | यहां पर दी गई जानकारी, नवश्लेषण और अनुमान Ways2Capital इकिटी / कमोनडटी अनुसंधान के मूलयांकन पर आधाररत हैं और नवश्वसनीय स्रोतों से प्राप्त की गई है | यह दस्तावेज़ केवल
इनछित प्राप्तकताा के उपयोग के नलए ही है |
This document, at best, represents Ways2Capital Equity/Commodities Research opinion and is meant for general information only. Ways2Capital Equity/Commodities Research, its directors, officers or employees shall not in any way to be responsible for the contents
stated herein. Ways2Capital Equity/Commodities Research expressly disclaims any and all liabilities that may arise from information, errors or omissions in thisconnection. This document is not to be considered as an offer to sell or a solicitation to buy any securities or
commodities.
यह दस्तावेज़, सवोत्तम रूप से, Ways2Capital इकिटी / कमोनडटीज अनुसंधान का प्रनतनननधत्व करता है और सामान्य जानकारी के नलए ही है | Ways2Capital इकिटी / कमोनडटीज अनुसंधान, इसके ननदेशकों, अनधकारी या कमाचारी ककसी भी तरह से संबंनधत सामग्री के नलए नजम्मेदार नहीं है।|
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चुनने का अनधकार है|
Any investment in Equity/commodity market bears risk, company will not be liable for any loss done on these recommendations. These levels do not necessarily indicate future price moment. Company holds the right to alter the information
without any further notice. Any browsing through website means acceptance of disclaimer.
इकिटी / कमोनडटी बाजार में कोई भी ननवेश जोनखम के अधीन होता है, कंपनी इन सुझावों पर ककए गए ककसी भी नुकसान के नलए उत्तरदायी नहीं होगी | यह स्तर भनवष्य के कीमतों की गनत का संकेत नहीं देते है| वेबसाइट के माध्यम से ककसी भी ब्राउजज़ग का अथा है अस्वीकरण की स्वीकृनत।
DISCLOSURE ( प्रकटीकरण) :
High Brow Market Research Investment Advisor Pvt. Ltd. or its associates does not do business with companies covered in research report nor is associated in any manner with any issuer of products/ securities, this ensures that there is no actual
or potential conflicts of interest. To ensure compliance with the regulatory body, we have resolved that the company and all its representatives will not make any trades in the market.
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
17 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019
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 re- port 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
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Equity Research Report 21 january 2019 Ways2Capital

  • 1. HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PRIVATE LIMITED PHONE: 0731-6626191 | MAIL: SUPPORT@WAYS2CAPITAL.COM | ADD : 515-516, SHAGUN ARCADE,VIJAY NAGAR, INDORE, MP, 452001
  • 2. 2 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019 CURRENCY MARKET UPDATE CURRENCY PAIR CURRENT CLOSING PREVIOUS CLOSING WEEKLY % CHANGE MAJOR INDICES INDEX CLOSING AS ON 18th JAN 19 WEEKLY CHANGES WEEKLY % CHANGE COMMODITY MARKET UPDATE COMMODITY CURRENT CLOSING PREVIOUS CLOSING WEEKLY % CHANGE Market Wrap–Up Nifty 10906.95 30.20 0.28% Nifty 100 11109.50 17.25 0.16% Nifty 200 5741.35 8.45 0.15% Nifty 500 9140.10 30.95 0.34% India VIX 16.62 -2.54 -13.26% Nifty Bank 27456.70 593.75 2.21% Nifty Auto 8844.80 -425.40 -4.59% Nifty Finance 11678.25 239.45 2.09% Nifty FMCG 30540.35 414.10 1.37% Nifty IT 14892.95 254.90 1.74% Nifty Media 2389.60 -160.25 -6.28% Nifty Metal 2957.10 -206.65 -6.53% Nifty Pharma 8689.60 -586.10 -6.32% Nifty PSU Banks 3083.95 168.75 5.79% Nifty PVT Bank 15505.80 351.35 2.32% Nifty Realty 238.30 6.30 2.72% USDINR 71.2350 70.6000 0.90% GBPINR 92.2775 90.3950 2.08% EURINR 81.2975 81.4625 -0.20% JPYINR 65.2700 65.1400 0.20% EURUSD 1.1410 1.1412 -0.02% GBPUSD 1.2900 1.2661 1.89% Dollar Index 95.99 95.26 0.77% Gold COMEX 1282.60 1289.50 -0.54% Gold MCX 32091 31448 2.04% Crude Oil NYMEX 53.80 51.59 4.28% Crude Oil MCX 3817 3632 5.09% Brent Oil NYMEX 62.65 62.73 -0.13% Copper MCX 429.35 415.90 3.23% Natural Gas NYMEX 3.482 3.099 12.36%
  • 3. 3 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019 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 Inds. 198.25 7.70% 404.00 YES Bank Ltd. 1182.95 7.75% 1328.75 Infosys 731.00 6.92% 754.95 Adani Ports & Speci 399.55 5.98% 451.55 Wipro Ltd 346.20 5.52% 348.45 Sun Pharma 390.75 -11.83% 375.40 Bharti Airtel 310.95 -6.92% 277.00 GAIL (India) 323.15 -4.70% 296.00 L&T 1318.25 -3.79% 1183.40 SBI 295.20 -2.73% 232.00
  • 4. 4 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019 ECONOMIC EVENTS CALENDER TIME CURRENY EVENT FORECAST PREVIOUS Economic Calendar Monday, January 21, 2019 All Day USD United States - Martin Luther King, Jr. Day Holiday 7:30 CNY GDP (YoY) (Q4) 6.40% 6.50% Tentative CNY Industrial Production (YoY) (Dec) 5.30% 5.40% Tuesday, January 22, 2019 15:00 GBP Average Earnings Index +Bonus (Nov) 3.30% 3.30% 15:00 GBP Claimant Count Change (Dec) 20.0K 21.9K 20:30 USD Existing Home Sales (Dec) 5.24M 5.32M Thursday, January 24, 2019 19:00 USD Initial Jobless Claims 218K 213K 20:15 USD Manufacturing PMI (Jan) 53.5 53.8 21:30 USD Crude Oil Inventories - -2.683M Friday, January 25, 2019 19:00 USD Core Durable Goods Orders (MoM) (Dec) 0.20% 0.40% Tentative USD New Home Sales 569K 544K
  • 5. 5 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019 Continued ....... Weekly Pivots NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 ADANIPORTS 473.20 445.65 418.10 408.70 390.55 381.15 363.00 335.45 307.90 ASIANPAINT 1493.65 1462.20 1430.75 1415.60 1399.30 1384.15 1367.85 1336.40 1304.95 AXISBANK 748.10 720.65 693.20 678.90 665.72 651.40 638.25 610.80 583.35 BAJAJ-AUTO 2927.05 2856.30 2785.55 2753.15 2714.80 2682.40 2644.05 2573.30 2502.55 BAJAJFINSV 7253.30 6948.30 6643.30 6446.60 6338.30 6141.60 6033.30 5728.30 5423.30 BAJFINANCE 2933.25 2804.40 2675.55 2609.25 2546.68 2480.35 2417.80 2288.95 2160.10 BHARTIARTL 443.10 402.15 361.20 336.20 320.23 295.20 279.25 238.30 197.35 BPCL 426.30 400.15 374.00 364.10 347.82 337.90 321.65 295.50 269.35 CIPLA 541.40 531.05 520.70 515.05 510.32 504.65 499.95 489.60 479.25 COALINDIA 244.55 240.00 235.45 232.75 230.88 228.15 226.30 221.75 217.20 DRREDDY 2816.80 2742.45 2668.10 2632.45 2593.72 2558.05 2519.35 2445.00 2370.65 EICHERMOT 23000.10 22102.35 21204.60 20663.70 20306.83 19765.90 19409.05 18511.30 17613.55 GAIL 380.40 362.60 344.80 333.50 326.98 315.65 309.15 291.35 273.55 GRASIM 939.30 900.55 861.80 843.40 823.03 804.60 784.25 745.50 706.75 HCLTECH 1076.60 1035.85 995.10 980.70 954.35 939.95 913.60 872.85 832.10 HDFC 2178.70 2115.70 2052.70 2029.80 1989.68 1966.75 1926.65 1863.65 1800.65
  • 6. 6 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019 NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 Continued ....... Weekly Pivots HDFCBANK 2244.25 2203.70 2163.15 2146.70 2122.57 2106.10 2082.00 2041.45 2000.90 HEROMOTOCO 3139.80 3058.95 2978.10 2938.45 2897.23 2857.55 2816.35 2735.50 2654.65 HINDALCO 228.90 221.80 214.70 211.75 207.57 204.60 200.45 193.35 186.25 HINDPETRO 280.90 267.10 253.30 246.40 239.50 232.60 225.70 211.90 198.10 HINDUNILVR 1957.90 1890.40 1822.90 1783.50 1755.40 1716.00 1687.90 1620.40 1552.90 IBULHSGFIN 1020.75 953.50 886.25 851.80 819.00 784.55 751.75 684.50 617.25 ICICIBANK 402.25 392.85 383.45 377.75 374.03 368.30 364.60 355.20 345.80 INDUSINDBK 1703.00 1638.00 1573.00 1544.95 1507.97 1479.90 1442.95 1377.95 1312.95 INFRATEL 309.10 299.05 289.00 283.55 278.93 273.45 268.85 258.80 248.75 INFY 851.15 808.10 765.05 748.00 721.97 704.90 678.90 635.85 592.80 IOC 158.95 151.25 143.55 140.70 135.85 133.00 128.15 120.45 112.75 ITC 315.15 307.75 300.35 295.90 292.95 288.50 285.55 278.15 270.75 KOTAKBANK 1362.10 1317.10 1272.10 1256.15 1227.07 1211.10 1182.05 1137.05 1092.05 LT 1495.30 1441.10 1386.90 1352.40 1332.70 1298.20 1278.50 1224.30 1170.10 LUPIN 994.80 948.30 901.80 882.05 855.27 835.50 808.75 762.25 715.75 M&M 806.85 781.15 755.45 745.20 729.75 719.50 704.05 678.35 652.65
  • 7. 7 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019 NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 Weekly Pivots MARUTI 8000.65 7787.65 7574.65 7466.30 7361.65 7253.30 7148.65 6935.65 6722.65 NTPC 159.10 154.60 150.10 147.20 145.60 142.70 141.10 136.60 132.10 ONGC 161.25 156.05 150.85 148.80 145.65 143.60 140.45 135.25 130.05 POWERGRID 220.15 211.55 202.95 198.30 194.33 189.65 185.70 177.10 168.50 RELIANCE 1464.05 1360.55 1257.05 1220.70 1153.55 1117.20 1050.05 946.55 843.05 SBIN 335.85 323.45 311.05 303.00 298.62 290.55 286.20 273.80 261.40 SUNPHARMA 667.75 580.55 493.35 442.05 406.12 354.80 318.90 231.70 144.50 TATAMOTORS 248.90 228.05 207.20 195.25 186.35 174.40 165.50 144.65 123.80 TATASTEEL 511.75 498.65 485.55 478.10 472.45 465.00 459.35 446.25 433.15 TCS 2159.55 2063.35 1967.15 1933.90 1870.95 1837.70 1774.75 1678.55 1582.35 TECHM 812.00 774.70 737.40 723.30 700.08 685.95 662.75 625.45 588.15 TITAN 1025.35 1003.65 981.95 971.45 960.22 949.70 938.50 916.80 895.10 ULTRACEMCO 4354.65 4177.85 4001.05 3910.50 3824.22 3733.65 3647.40 3470.60 3293.80 UPL 861.75 830.35 798.95 782.50 767.55 751.10 736.15 704.75 673.35 VEDL 228.40 218.15 207.90 203.30 197.65 193.05 187.40 177.15 166.90 WIPRO 443.45 407.30 371.15 358.65 335.00 322.50 298.85 262.70 226.55 YESBANK 278.60 251.35 224.10 211.35 196.82 184.05 169.55 142.30 115.05 ZEEL 574.75 533.20 491.65 466.00 450.08 424.40 408.50 366.95 325.40
  • 8. 8 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019 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: 10500 followed 10000 Open Interest & Price Analysis DCBBANK 27.43% 3.85% MINDTREE 24.95% 6.50% APOLLOHOSP 23.64% 5.02% NIITTECH 19.60% 4.96% WIPRO 17.95% 5.35% IGL -21.06% 3.30% KPIT -19.93% 2.23% BHEL -13.83% 3.05% PIDILITIND -13.47% 3.43% TORNTPOWER -10.38% 2.53% FEDERALBNK 28.44% -5.99% SUNTV 23.79% -10.80% TV18BRDCST 22.24% -10.62% SUNPHARMA 22.17% -11.97% ENGINERSIN 17.92% -5.14% MCX -10.60% -2.02% - - - - - - - - - - - -
  • 9. 9 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019 NIFTY WEEKLY PIVOTS PARTICULAR LEVEL Fundamental Outlook After a somber note opening , Indian Equity market managed to push the index back above crucial resistance levels in last week. The Nifty which opened at 10,807 rose to a weekly high of 10,930. The Nifty hit weekly low of 10692.35 before closing the week at 10,906. On weekly basis, Nifty rose by about 1 percent. The rupee on Friday weakened by 16 paise to close at 71.19 against the US dollar amid rise in demand for the greenback from exporters and unabated increase in global crude oil prices. This is the second successive week of loss for the Indian currency. During the week the domestic unit registered a loss of 27 paise. In the previous week, the local unit had slumped by 81 paise. Brent crude, the global benchmark, was trading at USD 61.90 per barrel, higher by 1.18 per cent.On a net basis, foreign portfolio investors (FPIs) purchased shares worth Rs 842.13 crore Thursday, while domestic institutional investors (DIIs) were net sellers to the tune of Rs 727.46 crore, provisional data available with BSE showed. Technical Outlook The Nifty which started on a negative note on Monday managed to push the index back above its crucial resistance levels in the week gone by, which was largely positive for the bulls. The Nifty reclaimed its crucial resistance level of 10,900 and closed the week with gains of 1.04 percent. The index formed a ‘Small Bearish’ candle on intraday basis on daily charts as the closing level was lower than the opening level while on the weekly charts, the index formed a bullish candle for the second consecutive week in a row. Continued ….... Nifty Analysis R4 11600.80 R3 11357.40 R2 11114.00 R1 11020.60 PP 10870.60 S1 10777.20 S2 10627.20 S3 10383.80 S4 10140.40
  • 10. 10 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019 ….... 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 10,965. It can test the level of Rs. 11,140 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 10,849. Nifty Analysis The index is currently forming a consolidation pattern and is likely to witness a range breakout soon. The current trading range has been 10,950-10,550 levels. It has formed a higher base which is structurally positive. The Nifty has formed multi- ple bullish reversal candlestick at the support zone which has kept the bulls interested. A decisive move above 10,950 would be a bullish sign and will take the index higher towards 11,150-11,300 levels. On the options front, maximum Put OI is placed at 10700 followed by 10500 strikes while maximum Call OI is at 11000 followed by 10900 strikes. ACTION BUY ENTRY PRICE ABOVE 10965 TARGET 11140 STOP LOSS 10849 20 Days EMA POSITIVE 50 Days EMA POSITIVE 200 Days EMA POSITIVE RSI POSITIVE MACD POSITIVE STOCHASTIC POSITIVE
  • 11. 11 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019 Technical Outlook The Nifty Bank index started the last week on negative note on Monday but it recovered all its previous day's in loss in next trading session and showed some consolidation near its major resistance levels throughout the week. Bank Nifty witnessed some profit booking as it has declined from its recent highs and likely to see some consolidation in the near term. It has formed an Inside Bar candle on daily scale and Doji candle on weekly scale which suggests some indecisiveness in the index. Price patterns indicate strong support levels around the 27,300-27,050 levels on the downside which likely to provide a support in case of a decline. Now till it holds above 27,500 levels it can extend its move towards 27,750 then 27,950 levels. WEEKLY STRATEGY PARTICULAR DETAILS For this week, traders can adopt buy on lower level strategy in it and above the level of 27,630. It can test the level of Rs. 27,930 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 27,430. WEEKLY PIVOTS PARTICULAR LEVEL Bank Nifty Analysis R4 28633.45 R3 28258.40 R2 27883.35 R1 27715.65 PP 27508.30 S1 27340.60 S2 27133.25 S3 26758.20 S4 26383.15 ACTION BUY ENTRY PRICE ABOVE 27630 TARGET 27930 STOP LOSS 27430
  • 12. 12 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019 Technical Outlook Overall trend of the Stock is sideways for long term . For short term stock is in bullish phase. Last week, it started on negative and showed good buying from lower levels throughout the week. On daily chart stock has gave breakout of its major trend line upside. In intraday stock has showed god buying. If it manages to sustain above the levels of 880 than further upside move can be seen in it. For this week, traders can adopt buy on lower level strategy in it and above the level of 880 it can test the level of Rs. 904 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.864. LUPIN CASH( Call of the Week ) WEEKLY STRATEGY PARTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 994.75 R3 948.25 R2 901.75 R1 882.00 PP 855.25 S1 835.50 S2 808.75 S3 762.25 S4 715.75 ACTION BUY ENTRY PRICE ABOVE 880.00 TARGET 904.00 STOP LOSS 864.00
  • 13. 13 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019 Technical Outlook Overall trend of the Stock is sideways for long term . For short term stock is in bullish phase. Last week stock started on negative note and showed good consolidation near its major resistance levels throughout the week. On daily chart stock has gave breakout of its major resistance levels. If it manages to trade above 2645 levels than further upside move can be seen in it. In intraday it showed a good positive move. For this week, traders can adopt buy on lower level strategy in it and above the level of 2645 it can test the level of Rs. 2725 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 2598. DRREDDY CASH ( Call of the Week ) WEEKLY STRATEGY PARTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 2816.75 R3 2742.40 R2 2668.05 R1 2632.40 PP 2593.7 S1 2558.05 S2 2519.35 S3 2445.00 S4 2370.65 ACTION BUY ENTRY PRICE ABOVE 2645.00 TARGET 2725.00 STOP LOSS 2598.00
  • 14. 14 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019 Technical Outlook Overall trend of the Stock is sideways for long term . For short term stock is in bullish phase. Last week, it started on negative and showed good consolidation throughout the week. On daily chart stock has gave breakout of its major resis- tance levels of 790. In Intraday chart it has formed flag price pattern and If it manages to sustain above the levels of 805 than further upside move can be seen in it. For this week, traders can adopt buy on lower level strategy in it and above the level of 805 it can test the level of Rs. 825 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 795. GODREJCP FUTURES( Call of the Week ) WEEKLY STRATEGY PARTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 858.40 R3 835.10 R2 811.80 R1 801.00 PP 788.50 S1 777.70 S2 765.20 S3 741.90 S4 718.60 ACTION BUY ENTRY PRICE ABOVE 805.00 TARGET 825.00 STOP LOSS 795.00
  • 15. 15 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019 Technical Outlook Overall trend of the Stock is bullish for long and short term. Last week, it started on positive and showed good buying throughout the week and closed the last week at 1225.75 with overall gain of 4.96%. On daily chart stock has gave break- out of its major resistance levels of 1240 and trading above this levels. If it manages to sustain above the levels of 1260 than further upside move can be seen in it. For this week, traders can adopt buy on lower level strategy in it and above the level of 1274 it can test the level of Rs. 1294 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1262. NIITECH FUTURES ( Call of the Week ) WEEKLY STRATEGY PARTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 1459.75 R3 1375.00 R2 1290.25 R1 1258.00 PP 1205.50 S1 1173.25 S2 1120.75 S3 1036.00 S4 951.25 ACTION BUY ENTRY PRICE ABOVE 1274.00 TARGET 1294.00 STOP LOSS 1262.00
  • 16. 16 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019 LEGAL DISCLAIMER ( कानूनी अस्वीकरण) : This Document has been prepared by Ways2Capital (A Division of High Brow Market Research Investment Advisor Pvt Ltd). The information, analysis and estimates contained herein are based on Ways2Capital Equity/Commodities Research assess- ment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only. यह दस्तावेज़ Ways2Capital (हाई ब्रो माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड का एक भाग) द्वारा तैयार ककया गया है | यहां पर दी गई जानकारी, नवश्लेषण और अनुमान Ways2Capital इकिटी / कमोनडटी अनुसंधान के मूलयांकन पर आधाररत हैं और नवश्वसनीय स्रोतों से प्राप्त की गई है | यह दस्तावेज़ केवल इनछित प्राप्तकताा के उपयोग के नलए ही है | This document, at best, represents Ways2Capital Equity/Commodities Research opinion and is meant for general information only. Ways2Capital Equity/Commodities Research, its directors, officers or employees shall not in any way to be responsible for the contents stated herein. Ways2Capital Equity/Commodities Research expressly disclaims any and all liabilities that may arise from information, errors or omissions in thisconnection. This document is not to be considered as an offer to sell or a solicitation to buy any securities or commodities. यह दस्तावेज़, सवोत्तम रूप से, Ways2Capital इकिटी / कमोनडटीज अनुसंधान का प्रनतनननधत्व करता है और सामान्य जानकारी के नलए ही है | Ways2Capital इकिटी / कमोनडटीज अनुसंधान, इसके ननदेशकों, अनधकारी या कमाचारी ककसी भी तरह से संबंनधत सामग्री के नलए नजम्मेदार नहीं है।| Ways2Capital इकिटी / कमोनडटीज अनुसंधान ककसी भी और सभी उत्तरदानयत्वों को स्पष्ट रूप से अस्वीकार करता है जो इस संबंध में सूचना, त्रुरटयों या चूक से पैदा हो सकता है| इस दस्तावेज को ककसी भी प्रनतभूनत या वस्तु को खरीदने के नलए बेचने या एक आग्रह के नलए प्रस्ताव के रूप में नहीं माना जा सकता है| All information, levels & recommendations provided above are given on the basis of technical & fundamental research done by the panel of expert of Ways2Capital but we do not accept any liability for errors of opinion. People surfing through the website have right to opt the product services of their own choices. उपरोक्त सभी सूचना, स्तर और सुझाव, Ways2Capital के नवशेषज्ञ के पैनल द्वारा ककए गए तकनीकी और मौनलक अनुसंधान के आधार पर दी गई हैं, लेककन हम कदए गए सुझावों की त्रुरटयों के नलए कोई दानयत्व स्वीकार नहीं करते हैं | वेबसाइट के माध्यम से सर्फिंग करने वाले लोगों को अपनी पसंद के उत्पाद सेवाओं को चुनने का अनधकार है| Any investment in Equity/commodity market bears risk, company will not be liable for any loss done on these recommendations. These levels do not necessarily indicate future price moment. Company holds the right to alter the information without any further notice. Any browsing through website means acceptance of disclaimer. इकिटी / कमोनडटी बाजार में कोई भी ननवेश जोनखम के अधीन होता है, कंपनी इन सुझावों पर ककए गए ककसी भी नुकसान के नलए उत्तरदायी नहीं होगी | यह स्तर भनवष्य के कीमतों की गनत का संकेत नहीं देते है| वेबसाइट के माध्यम से ककसी भी ब्राउजज़ग का अथा है अस्वीकरण की स्वीकृनत। DISCLOSURE ( प्रकटीकरण) : High Brow Market Research Investment Advisor Pvt. Ltd. or its associates does not do business with companies covered in research report nor is associated in any manner with any issuer of products/ securities, this ensures that there is no actual or potential conflicts of interest. To ensure compliance with the regulatory body, we have resolved that the company and all its representatives will not make any trades in the market. 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
  • 17. 17 Copyright © 2018 Ways2Capital. All rights reserved 21/01/2019 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 re- port 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