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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 24/12/2018
CURRENCY MARKET UPDATE
CURRENCY PAIR
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
MAJOR INDICES
INDEX
CLOSING
AS ON 21st DEC 18
WEEKLY CHANGES
WEEKLY
% CHANGE
COMMODITY MARKET UPDATE
COMMODITY
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
Market Wrap–Up
Nifty 10754.00 -51.45 -0.48%
Nifty Bank 26869.65 43.65 0.16%
Nifty IT 14207.85 -643.55 -4.33%
Nifty Pharma 8774.05 47.65 0.55%
Nifty Finance 11439.05 111.45 0.98%
Nifty VIX 15.99 0.83 5.51%
Nifty 500 9082.55 -8.75 -0.10%
Nifty 100 11005.85 -34.45 -0.31%
Nifty FMCG 30199.80 -171.70 -0.57%
Nifty Energy 14159.75 87.70 0.62%
Nifty Realty 238.50 1.30 0.55%
Nifty PSU Banks 3034.45 54.80 1.84%
Nifty Auto 9337.25 65.75 0.71%
Nifty Metal 3162.30 49.95 1.60%
Nifty 200 5701.25 -11.35 -0.20%
Nifty Media 2466.10 -96.45 -3.76%
USDINR 70.1550 72.0600 -2.64%
GBPINR 88.9350 90.7400 -1.99%
EURINR 80.1925 81.5475 -1.66%
JPYINR 63.1725 63.5750 -0.63%
EURUSD 1.1422 1.1290 1.17%
GBPUSD 1.2667 1.2556 0.88%
Dollar Index 96.48 97.45 -1.00%
Gold COMEX 1258.95 1242.30 1.34%
Gold MCX 31815 31437 1.20%
Crude Oil NYMEX 45.41 51.23 -11.36%
Crude Oil MCX 3236 3690 -12.30%
Brent Oil NYMEX 53.50 60.30 -11.28%
Copper MCX 417.35 441.70 -5.51%
Natural Gas NYMEX 3.692 3.788 -2.53%
3 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018
WEEKLY GAINERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
HIGH
WEEKLY LOSERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
LOW
Market at a Glance
HINDPETRO 250.00 9.94% 434.90
BPCL 372.00 8.19% 540.70
POWER
GRID
196.90 6.15% 217.00
TATA MO-
TORES
175.90 5.39% 443.55
NTPC LTD 150.70 4.91% 180.55
ZEEL 447.30 8.55% 410.30
INFOSYS 645.75 -8.48% 499.03
TCS 1897.25 -4.62% 1278.35
WIPRO 319.45 -4.10% 253.50
UPL LTD 736.70 -3.67% 537.90
4 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018
ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Economic Calendar
Monday, December 24, 2018
12:30 Holiday United Kingdom - Christmas Eve - Early close at 12:30 Holiday
13:00 Holiday United States - Christmas Eve - Early close at 13:00 Holiday
Tuesday, December 25, 2018
All Day GBP United Kingdom - Christmas Day Holiday
All Day USD United States - Christmas Holiday
All Day INR India - Christmas Holiday
Wednesday, December 26, 2018
All Day GBP United Kingdom - Boxing Day Holiday
Thursday, December 27, 2018
20:30 USD CB Consumer Confidence (Dec) 134.3 135.7
20:30 USD New Home Sales (Nov) 555K 544K
Friday, December 28, 2018
Tentative USD Fed Chair Powell Testifies - -
20:30 USD Pending Home Sales (MoM) (Nov) -0.50% -2.60%
21:30 USD Crude Oil Inventories - -0.497M
5 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018
Continued .......
Weekly Pivots
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
ADANIPORTS 427.70 407.35 387.00 374.15 366.63 353.75 346.25 325.90 305.55
ASIANPAINT 1702.80 1596.45 1490.10 1439.90 1383.72 1333.50 1277.35 1171.00 1064.65
AXISBANK 726.65 693.60 660.55 641.10 627.47 608.00 594.40 561.35 528.30
BAJAJ-AUTO 3149.70 3045.70 2941.70 2874.35 2837.67 2770.30 2733.65 2629.65 2525.65
BAJAJFINSV 7652.00 7202.00 6752.00 6553.95 6301.97 6103.90 5851.95 5401.95 4951.95
BAJFINANCE 3084.40 2907.10 2729.80 2658.40 2552.50 2481.10 2375.20 2197.90 2020.60
BHARTIARTL 370.10 350.95 331.80 319.65 312.62 300.45 293.45 274.30 255.15
BPCL 467.95 433.30 398.65 386.50 363.97 351.80 329.30 294.65 260.00
CIPLA 565.40 550.35 535.30 526.15 520.22 511.05 505.15 490.10 475.05
COALINDIA 275.90 267.60 259.30 255.75 250.97 247.40 242.65 234.35 226.05
DRREDDY 2809.40 2742.50 2675.60 2639.30 2608.68 2572.35 2541.75 2474.85 2407.95
EICHERMOT 26209.45 25363.40 24517.35 23998.65 23671.30 23152.60 22825.25 21979.20 21133.15
GAIL 390.90 377.00 363.10 354.30 349.20 340.40 335.30 321.40 307.50
GRASIM 962.90 918.25 873.60 844.80 828.95 800.15 784.30 739.65 695.00
HCLTECH 1092.00 1048.20 1004.40 976.20 960.60 932.40 916.80 873.00 829.20
HDFC 2151.30 2083.00 2014.70 1979.10 1946.38 1910.75 1878.05 1809.75 1741.45
6 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Continued .......
Weekly Pivots
HDFCBANK 2270.05 2219.95 2169.85 2140.50 2119.75 2090.40 2069.65 2019.55 1969.45
HEROMOTOCO 3738.45 3598.45 3458.45 3396.85 3318.42 3256.80 3178.40 3038.40 2898.40
HINDALCO 246.75 239.05 231.35 227.55 223.65 219.85 215.95 208.25 200.55
HINDPETRO 323.00 296.15 269.30 259.70 242.45 232.85 215.60 188.75 161.90
HINDUNILVR 2035.00 1965.50 1896.00 1853.00 1826.50 1783.50 1757.00 1687.50 1618.00
IBULHSGFIN 1139.55 1033.25 926.95 872.55 820.62 766.20 714.30 608.00 501.70
ICICIBANK 398.05 384.55 371.05 363.05 357.52 349.50 344.00 330.50 317.00
INDUSINDBK 1814.65 1742.50 1670.35 1624.15 1598.17 1551.95 1526.00 1453.85 1381.70
INFRATEL 310.60 293.05 275.50 268.40 257.92 250.80 240.35 222.80 205.25
INFY 872.50 804.10 735.70 691.15 667.28 622.70 598.85 530.45 462.05
IOC 169.85 160.70 151.55 145.70 142.38 136.50 133.20 124.05 114.90
ITC 304.50 296.00 287.50 282.05 278.97 273.50 270.45 261.95 253.45
KOTAKBANK 360.65 342.00 323.35 315.35 304.68 296.65 286.00 267.35 248.70
LT 1410.55 1351.60 1292.65 1260.35 1233.68 1201.35 1174.70 1115.75 1056.80
LUPIN 1619.55 1554.90 1490.25 1456.15 1425.58 1391.45 1360.90 1296.25 1231.60
M&M 971.40 907.90 844.40 811.30 780.90 747.80 717.40 653.90 590.40
7 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Weekly Pivots
HDFCBANK 2270.05 2219.95 2169.85 2140.50 2119.75 2090.40 2069.65 2019.55 1969.45
HEROMOTOCO 3738.45 3598.45 3458.45 3396.85 3318.42 3256.80 3178.40 3038.40 2898.40
HINDALCO 246.75 239.05 231.35 227.55 223.65 219.85 215.95 208.25 200.55
HINDPETRO 323.00 296.15 269.30 259.70 242.45 232.85 215.60 188.75 161.90
HINDUNILVR 2035.00 1965.50 1896.00 1853.00 1826.50 1783.50 1757.00 1687.50 1618.00
IBULHSGFIN 1139.55 1033.25 926.95 872.55 820.62 766.20 714.30 608.00 501.70
ICICIBANK 398.05 384.55 371.05 363.05 357.52 349.50 344.00 330.50 317.00
INDUSINDBK 1814.65 1742.50 1670.35 1624.15 1598.17 1551.95 1526.00 1453.85 1381.70
INFRATEL 310.60 293.05 275.50 268.40 257.92 250.80 240.35 222.80 205.25
INFY 872.50 804.10 735.70 691.15 667.28 622.70 598.85 530.45 462.05
IOC 169.85 160.70 151.55 145.70 142.38 136.50 133.20 124.05 114.90
ITC 304.50 296.00 287.50 282.05 278.97 273.50 270.45 261.95 253.45
KOTAKBANK 360.65 342.00 323.35 315.35 304.68 296.65 286.00 267.35 248.70
LT 1410.55 1351.60 1292.65 1260.35 1233.68 1201.35 1174.70 1115.75 1056.80
LUPIN 1619.55 1554.90 1490.25 1456.15 1425.58 1391.45 1360.90 1296.25 1231.60
M&M 971.40 907.90 844.40 811.30 780.90 747.80 717.40 653.90 590.40
8 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018
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
UJJIVAN 54.55% 13.55%
SREINFRA 30.94% 6.43%
KAJARIACER 30.29% 9.31%
BPCL 28.84% 9.60%
BEML 28.28% 13.06%
NTPC -28.82% 4.52%
COALINDIA -21.27% 2.06%
IOC -19.72% 3.89%
CAPF -15.44% 10.30%
RELINFRA -12.79% 4.95%
CESC 56.53% -1.67%
ADANIPORTS 29.93% -2.09%
NATIONALUM 28.44% -3.11%
GODFRYPHLP 25.12% -8.42%
ZEEL 20.94% -8.24%
JETAIRWAYS -13.03% -9.11%
- - -
- - -
- - -
- - -
9 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018
NIFTY WEEKLY PIVOTS
PARTICULAR LEVEL
Fundamental Outlook
Last week our Indian Equity market opened on a gap up not on Monday and continuing its previous week's momentum. It
remained bullish till Thursdays session but Indian indices witnessed bloodbath in Friday trading session as Nifty closed 197
points lower at 10,754. Fears of a global slowdown spooked investors across the globe, including India on Friday. Global mar-
kets took a beating amid fears of a slowdown in developed economies such as US and China. Weak handover from Wall Street
spilled over to Asian and Indian markets as well. Wall Street stocks fell sharply in volatile trading on December 21, with the
Nasdaq confirming it is in a bear market, as concerns of slowing economic growth led investors to flee stocks in high-valuation
sectors such as technology and communication services. Apart from global cues, index heavyweights were under pressure,
which dragged the indices lower too but the consistent fall in oil prices continued to support the market. Rupee gained sharply
against the US dollar following broader weakness in the dollar and plunge in global crude oil prices. Gains in the rupee were
triggered after the Federal Reserve in its policy statement mentioned that rate hike in the coming year could be restricted to
two compared to earlier estimates of three rate hikes next year.
Technical Outlook
Last week nifty index started on a gap up note on Monday and continued its bullish run for next three trading sessions of the
week and index hits weekly high of 11,006.25 in Wednesday's trading session. It was first time since 3rd Oct 2018 index tested
11,000 mark. But it lost the movement in Friday's session as Index fell sharply and wiped out gain of last six trading sessions to
slip towards 10,755 levels.
Continued …....
Nifty Analysis
R4 11598.15
R3 11346.60
R2 11095.05
R1 10932.00
PP 10843.50
S1 10680.45
S2 10591.95
S3 10340.40
S4 10088.85
10 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018
…....
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 10,750. It can test the level of Rs.
10,640 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 10,851.
Nifty Analysis
he index plunged nearly 200 points for the first time in last nine consecutive sessions, forming big bearish candle on the
daily charts and Inverted hammer on weekly scale which suggest that bulls are loosening their grip in the market. Now if it
sustains below 10,835 levels then short term trend could turn negative for a decline towards 10,581 levels while on the
upside resistance is seen at 10,883 then 11,007 . On the options front, maximum Put open interest (OI) was seen at 10,000
followed by 10,700 strikes while maximum Call OI was at 11,000 followed by 10,900 strikes
ACTION SELL
ENTRY PRICE BELOW 10750
TARGET 10640
STOP LOSS 10851
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 24/12/2018
Technical Outlook
The Nifty Bank index started the last week on a gap up note on Monday and continued its bullish run for next three trading
sessions of the week and index hits weekly high of 27,425 in Wednesday's trading session. In Friday's trading session Bank
Nifty failed to hold above 27,350 and slipped towards 26,900 levels. It corrected by more than 400 points and formed a
bearish candle on daily scale and a Shooting Star on weekly scale. The index closed 369 points lower at 26,971.80. Now it
has to cross and hold above 27,000 levels to get a short term stability and a move towards 27,300-27,400 levels but if it
sustains below 26,900 levels then it can test down side levels of 26,600 - 26,400.
WEEKLY STRATEGY
PARTICULAR DETAILS
For this week, traders can adopt sell on higher level strategy in it and below the level of 26,900. It can test the level of Rs.
26,500 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 27,200.
WEEKLY PIVOTS
PARTICULAR LEVEL
Bank Nifty Analysis
R4 28704.35
R3 28167.95
R2 27631.55
R1 27301.70
PP 27095.15
S1 26765.30
S2 26558.75
S3 26022.35
S4 25485.95
ACTION SELL
ENTRY PRICE BELOW 26900
TARGET 26500
STOP LOSS 27200
12 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018
Technical Outlook
Overall trend of the Stock is bearish for long term . For short term stock is in recovery phase. Last week, it started on posi-
tive note and showed a good buying from lower levels throughout the week. On daily chart stock has gave breakout of its
major trend line and resistance levels of 71.50. If it manages to sustain above the levels of 73 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 73 it can test the level of Rs. 77
during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 71.
BHEL Cash ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 85.60
R3 80.20
R2 74.80
R1 72.30
PP 69.40
S1 66.90
S2 64.00
S3 58.60
S4 53.20
ACTION BUY
ENTRY PRICE ABOVE 73
TARGET 77.00
STOP LOSS 71.00
13 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018
Technical Outlook
Overall trend of the Stock is bearish for long term . For short term stock is in recovery phase. Last week stock started on
positive note and consolidated near its major resistance levels throughout the week. On daily chart stock has gave break-
out of its major trend line. If it manages to trade above 96 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 96 it can test the level of Rs. 99
during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 94.
OREINTELBANK ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 114.75
R3 107.35
R2 99.95
R1 96.60
PP 92.55
S1 89.20
S2 85.15
S3 77.75
S4 70.35
ACTION BUY
ENTRY PRICE ABOVE 96
TARGET 99.00
STOP LOSS 94.00
14 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018
Technical Outlook
Last week, MCDOWELL-N Dec Futures started the week on positive note but till the end of the week, all of its earlier gains
were erased and it closed at 623.45 with the marginal loss of 0.85 per cent on weekly basis. Technically it’s sustaining be-
low the downward trend line breakout with the negative RSI and for this week, we can expect downside movement in it.
For this week, traders can adopt selling from trend line breakout strategy in it and above the level of 611 it can test the
level of 601 during the week. Trades can make sell position in it by maintaining a Stop Loss of 619.90
MCDOWELL FUTURES( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 745.95
R3 708.40
R2 670.85
R1 647.15
PP 633.30
S1 609.60
S2 595.75
S3 558.20
S4 520.65
ACTION SELL
ENTRY PRICE BELOW 611
TARGET 601.00
STOP LOSS 616.90
15 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018
Technical Outlook
Last week, BHARATFORG Dec Futures started the week on positive note but in last day of the week, all the gain were
erased and it closed at 502.20 with the overall loss of 2.65% on weekly basis. Technically it’s near the 52 week low and con-
solidating below the 61.8% Fibonacci Retracement levels which is indicating bearish movement in it.For this week, we can
expect downside movement in it.
For this week, traders can adopt selling on the basis of Retracement breakout strategy in it and below the level of 498 it
can test the level of 485 during the week. Trades can make sell position in it by maintaining a Stop Loss of 505.
BHARATFORGE FUTURES ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 605.60
R3 574.25
R2 542.90
R1 522.55
PP 511.55
S1 491.20
S2 480.20
S3 448.85
S4 417.50
ACTION SELL
ENTRY PRICE BELOW 498.00
TARGET 485.00
STOP LOSS 505.00
16 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018
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
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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 24/12/2018
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 26 December 2018 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 24/12/2018 CURRENCY MARKET UPDATE CURRENCY PAIR CURRENT CLOSING PREVIOUS CLOSING WEEKLY % CHANGE MAJOR INDICES INDEX CLOSING AS ON 21st DEC 18 WEEKLY CHANGES WEEKLY % CHANGE COMMODITY MARKET UPDATE COMMODITY CURRENT CLOSING PREVIOUS CLOSING WEEKLY % CHANGE Market Wrap–Up Nifty 10754.00 -51.45 -0.48% Nifty Bank 26869.65 43.65 0.16% Nifty IT 14207.85 -643.55 -4.33% Nifty Pharma 8774.05 47.65 0.55% Nifty Finance 11439.05 111.45 0.98% Nifty VIX 15.99 0.83 5.51% Nifty 500 9082.55 -8.75 -0.10% Nifty 100 11005.85 -34.45 -0.31% Nifty FMCG 30199.80 -171.70 -0.57% Nifty Energy 14159.75 87.70 0.62% Nifty Realty 238.50 1.30 0.55% Nifty PSU Banks 3034.45 54.80 1.84% Nifty Auto 9337.25 65.75 0.71% Nifty Metal 3162.30 49.95 1.60% Nifty 200 5701.25 -11.35 -0.20% Nifty Media 2466.10 -96.45 -3.76% USDINR 70.1550 72.0600 -2.64% GBPINR 88.9350 90.7400 -1.99% EURINR 80.1925 81.5475 -1.66% JPYINR 63.1725 63.5750 -0.63% EURUSD 1.1422 1.1290 1.17% GBPUSD 1.2667 1.2556 0.88% Dollar Index 96.48 97.45 -1.00% Gold COMEX 1258.95 1242.30 1.34% Gold MCX 31815 31437 1.20% Crude Oil NYMEX 45.41 51.23 -11.36% Crude Oil MCX 3236 3690 -12.30% Brent Oil NYMEX 53.50 60.30 -11.28% Copper MCX 417.35 441.70 -5.51% Natural Gas NYMEX 3.692 3.788 -2.53%
  • 3. 3 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018 WEEKLY GAINERS SCRIP CLOSING PRICE WEEKLY % CHANGE 52 WEEK HIGH WEEKLY LOSERS SCRIP CLOSING PRICE WEEKLY % CHANGE 52 WEEK LOW Market at a Glance HINDPETRO 250.00 9.94% 434.90 BPCL 372.00 8.19% 540.70 POWER GRID 196.90 6.15% 217.00 TATA MO- TORES 175.90 5.39% 443.55 NTPC LTD 150.70 4.91% 180.55 ZEEL 447.30 8.55% 410.30 INFOSYS 645.75 -8.48% 499.03 TCS 1897.25 -4.62% 1278.35 WIPRO 319.45 -4.10% 253.50 UPL LTD 736.70 -3.67% 537.90
  • 4. 4 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018 ECONOMIC EVENTS CALENDER TIME CURRENY EVENT FORECAST PREVIOUS Economic Calendar Monday, December 24, 2018 12:30 Holiday United Kingdom - Christmas Eve - Early close at 12:30 Holiday 13:00 Holiday United States - Christmas Eve - Early close at 13:00 Holiday Tuesday, December 25, 2018 All Day GBP United Kingdom - Christmas Day Holiday All Day USD United States - Christmas Holiday All Day INR India - Christmas Holiday Wednesday, December 26, 2018 All Day GBP United Kingdom - Boxing Day Holiday Thursday, December 27, 2018 20:30 USD CB Consumer Confidence (Dec) 134.3 135.7 20:30 USD New Home Sales (Nov) 555K 544K Friday, December 28, 2018 Tentative USD Fed Chair Powell Testifies - - 20:30 USD Pending Home Sales (MoM) (Nov) -0.50% -2.60% 21:30 USD Crude Oil Inventories - -0.497M
  • 5. 5 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018 Continued ....... Weekly Pivots NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 ADANIPORTS 427.70 407.35 387.00 374.15 366.63 353.75 346.25 325.90 305.55 ASIANPAINT 1702.80 1596.45 1490.10 1439.90 1383.72 1333.50 1277.35 1171.00 1064.65 AXISBANK 726.65 693.60 660.55 641.10 627.47 608.00 594.40 561.35 528.30 BAJAJ-AUTO 3149.70 3045.70 2941.70 2874.35 2837.67 2770.30 2733.65 2629.65 2525.65 BAJAJFINSV 7652.00 7202.00 6752.00 6553.95 6301.97 6103.90 5851.95 5401.95 4951.95 BAJFINANCE 3084.40 2907.10 2729.80 2658.40 2552.50 2481.10 2375.20 2197.90 2020.60 BHARTIARTL 370.10 350.95 331.80 319.65 312.62 300.45 293.45 274.30 255.15 BPCL 467.95 433.30 398.65 386.50 363.97 351.80 329.30 294.65 260.00 CIPLA 565.40 550.35 535.30 526.15 520.22 511.05 505.15 490.10 475.05 COALINDIA 275.90 267.60 259.30 255.75 250.97 247.40 242.65 234.35 226.05 DRREDDY 2809.40 2742.50 2675.60 2639.30 2608.68 2572.35 2541.75 2474.85 2407.95 EICHERMOT 26209.45 25363.40 24517.35 23998.65 23671.30 23152.60 22825.25 21979.20 21133.15 GAIL 390.90 377.00 363.10 354.30 349.20 340.40 335.30 321.40 307.50 GRASIM 962.90 918.25 873.60 844.80 828.95 800.15 784.30 739.65 695.00 HCLTECH 1092.00 1048.20 1004.40 976.20 960.60 932.40 916.80 873.00 829.20 HDFC 2151.30 2083.00 2014.70 1979.10 1946.38 1910.75 1878.05 1809.75 1741.45
  • 6. 6 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018 NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 Continued ....... Weekly Pivots HDFCBANK 2270.05 2219.95 2169.85 2140.50 2119.75 2090.40 2069.65 2019.55 1969.45 HEROMOTOCO 3738.45 3598.45 3458.45 3396.85 3318.42 3256.80 3178.40 3038.40 2898.40 HINDALCO 246.75 239.05 231.35 227.55 223.65 219.85 215.95 208.25 200.55 HINDPETRO 323.00 296.15 269.30 259.70 242.45 232.85 215.60 188.75 161.90 HINDUNILVR 2035.00 1965.50 1896.00 1853.00 1826.50 1783.50 1757.00 1687.50 1618.00 IBULHSGFIN 1139.55 1033.25 926.95 872.55 820.62 766.20 714.30 608.00 501.70 ICICIBANK 398.05 384.55 371.05 363.05 357.52 349.50 344.00 330.50 317.00 INDUSINDBK 1814.65 1742.50 1670.35 1624.15 1598.17 1551.95 1526.00 1453.85 1381.70 INFRATEL 310.60 293.05 275.50 268.40 257.92 250.80 240.35 222.80 205.25 INFY 872.50 804.10 735.70 691.15 667.28 622.70 598.85 530.45 462.05 IOC 169.85 160.70 151.55 145.70 142.38 136.50 133.20 124.05 114.90 ITC 304.50 296.00 287.50 282.05 278.97 273.50 270.45 261.95 253.45 KOTAKBANK 360.65 342.00 323.35 315.35 304.68 296.65 286.00 267.35 248.70 LT 1410.55 1351.60 1292.65 1260.35 1233.68 1201.35 1174.70 1115.75 1056.80 LUPIN 1619.55 1554.90 1490.25 1456.15 1425.58 1391.45 1360.90 1296.25 1231.60 M&M 971.40 907.90 844.40 811.30 780.90 747.80 717.40 653.90 590.40
  • 7. 7 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018 NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4 Weekly Pivots HDFCBANK 2270.05 2219.95 2169.85 2140.50 2119.75 2090.40 2069.65 2019.55 1969.45 HEROMOTOCO 3738.45 3598.45 3458.45 3396.85 3318.42 3256.80 3178.40 3038.40 2898.40 HINDALCO 246.75 239.05 231.35 227.55 223.65 219.85 215.95 208.25 200.55 HINDPETRO 323.00 296.15 269.30 259.70 242.45 232.85 215.60 188.75 161.90 HINDUNILVR 2035.00 1965.50 1896.00 1853.00 1826.50 1783.50 1757.00 1687.50 1618.00 IBULHSGFIN 1139.55 1033.25 926.95 872.55 820.62 766.20 714.30 608.00 501.70 ICICIBANK 398.05 384.55 371.05 363.05 357.52 349.50 344.00 330.50 317.00 INDUSINDBK 1814.65 1742.50 1670.35 1624.15 1598.17 1551.95 1526.00 1453.85 1381.70 INFRATEL 310.60 293.05 275.50 268.40 257.92 250.80 240.35 222.80 205.25 INFY 872.50 804.10 735.70 691.15 667.28 622.70 598.85 530.45 462.05 IOC 169.85 160.70 151.55 145.70 142.38 136.50 133.20 124.05 114.90 ITC 304.50 296.00 287.50 282.05 278.97 273.50 270.45 261.95 253.45 KOTAKBANK 360.65 342.00 323.35 315.35 304.68 296.65 286.00 267.35 248.70 LT 1410.55 1351.60 1292.65 1260.35 1233.68 1201.35 1174.70 1115.75 1056.80 LUPIN 1619.55 1554.90 1490.25 1456.15 1425.58 1391.45 1360.90 1296.25 1231.60 M&M 971.40 907.90 844.40 811.30 780.90 747.80 717.40 653.90 590.40
  • 8. 8 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018 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 UJJIVAN 54.55% 13.55% SREINFRA 30.94% 6.43% KAJARIACER 30.29% 9.31% BPCL 28.84% 9.60% BEML 28.28% 13.06% NTPC -28.82% 4.52% COALINDIA -21.27% 2.06% IOC -19.72% 3.89% CAPF -15.44% 10.30% RELINFRA -12.79% 4.95% CESC 56.53% -1.67% ADANIPORTS 29.93% -2.09% NATIONALUM 28.44% -3.11% GODFRYPHLP 25.12% -8.42% ZEEL 20.94% -8.24% JETAIRWAYS -13.03% -9.11% - - - - - - - - - - - -
  • 9. 9 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018 NIFTY WEEKLY PIVOTS PARTICULAR LEVEL Fundamental Outlook Last week our Indian Equity market opened on a gap up not on Monday and continuing its previous week's momentum. It remained bullish till Thursdays session but Indian indices witnessed bloodbath in Friday trading session as Nifty closed 197 points lower at 10,754. Fears of a global slowdown spooked investors across the globe, including India on Friday. Global mar- kets took a beating amid fears of a slowdown in developed economies such as US and China. Weak handover from Wall Street spilled over to Asian and Indian markets as well. Wall Street stocks fell sharply in volatile trading on December 21, with the Nasdaq confirming it is in a bear market, as concerns of slowing economic growth led investors to flee stocks in high-valuation sectors such as technology and communication services. Apart from global cues, index heavyweights were under pressure, which dragged the indices lower too but the consistent fall in oil prices continued to support the market. Rupee gained sharply against the US dollar following broader weakness in the dollar and plunge in global crude oil prices. Gains in the rupee were triggered after the Federal Reserve in its policy statement mentioned that rate hike in the coming year could be restricted to two compared to earlier estimates of three rate hikes next year. Technical Outlook Last week nifty index started on a gap up note on Monday and continued its bullish run for next three trading sessions of the week and index hits weekly high of 11,006.25 in Wednesday's trading session. It was first time since 3rd Oct 2018 index tested 11,000 mark. But it lost the movement in Friday's session as Index fell sharply and wiped out gain of last six trading sessions to slip towards 10,755 levels. Continued ….... Nifty Analysis R4 11598.15 R3 11346.60 R2 11095.05 R1 10932.00 PP 10843.50 S1 10680.45 S2 10591.95 S3 10340.40 S4 10088.85
  • 10. 10 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018 ….... 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 10,750. It can test the level of Rs. 10,640 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 10,851. Nifty Analysis he index plunged nearly 200 points for the first time in last nine consecutive sessions, forming big bearish candle on the daily charts and Inverted hammer on weekly scale which suggest that bulls are loosening their grip in the market. Now if it sustains below 10,835 levels then short term trend could turn negative for a decline towards 10,581 levels while on the upside resistance is seen at 10,883 then 11,007 . On the options front, maximum Put open interest (OI) was seen at 10,000 followed by 10,700 strikes while maximum Call OI was at 11,000 followed by 10,900 strikes ACTION SELL ENTRY PRICE BELOW 10750 TARGET 10640 STOP LOSS 10851 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 24/12/2018 Technical Outlook The Nifty Bank index started the last week on a gap up note on Monday and continued its bullish run for next three trading sessions of the week and index hits weekly high of 27,425 in Wednesday's trading session. In Friday's trading session Bank Nifty failed to hold above 27,350 and slipped towards 26,900 levels. It corrected by more than 400 points and formed a bearish candle on daily scale and a Shooting Star on weekly scale. The index closed 369 points lower at 26,971.80. Now it has to cross and hold above 27,000 levels to get a short term stability and a move towards 27,300-27,400 levels but if it sustains below 26,900 levels then it can test down side levels of 26,600 - 26,400. WEEKLY STRATEGY PARTICULAR DETAILS For this week, traders can adopt sell on higher level strategy in it and below the level of 26,900. It can test the level of Rs. 26,500 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 27,200. WEEKLY PIVOTS PARTICULAR LEVEL Bank Nifty Analysis R4 28704.35 R3 28167.95 R2 27631.55 R1 27301.70 PP 27095.15 S1 26765.30 S2 26558.75 S3 26022.35 S4 25485.95 ACTION SELL ENTRY PRICE BELOW 26900 TARGET 26500 STOP LOSS 27200
  • 12. 12 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018 Technical Outlook Overall trend of the Stock is bearish for long term . For short term stock is in recovery phase. Last week, it started on posi- tive note and showed a good buying from lower levels throughout the week. On daily chart stock has gave breakout of its major trend line and resistance levels of 71.50. If it manages to sustain above the levels of 73 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 73 it can test the level of Rs. 77 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 71. BHEL Cash ( Call of the Week ) WEEKLY STRATEGY PARTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 85.60 R3 80.20 R2 74.80 R1 72.30 PP 69.40 S1 66.90 S2 64.00 S3 58.60 S4 53.20 ACTION BUY ENTRY PRICE ABOVE 73 TARGET 77.00 STOP LOSS 71.00
  • 13. 13 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018 Technical Outlook Overall trend of the Stock is bearish for long term . For short term stock is in recovery phase. Last week stock started on positive note and consolidated near its major resistance levels throughout the week. On daily chart stock has gave break- out of its major trend line. If it manages to trade above 96 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 96 it can test the level of Rs. 99 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 94. OREINTELBANK ( Call of the Week ) WEEKLY STRATEGY PARTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 114.75 R3 107.35 R2 99.95 R1 96.60 PP 92.55 S1 89.20 S2 85.15 S3 77.75 S4 70.35 ACTION BUY ENTRY PRICE ABOVE 96 TARGET 99.00 STOP LOSS 94.00
  • 14. 14 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018 Technical Outlook Last week, MCDOWELL-N Dec Futures started the week on positive note but till the end of the week, all of its earlier gains were erased and it closed at 623.45 with the marginal loss of 0.85 per cent on weekly basis. Technically it’s sustaining be- low the downward trend line breakout with the negative RSI and for this week, we can expect downside movement in it. For this week, traders can adopt selling from trend line breakout strategy in it and above the level of 611 it can test the level of 601 during the week. Trades can make sell position in it by maintaining a Stop Loss of 619.90 MCDOWELL FUTURES( Call of the Week ) WEEKLY STRATEGY PARTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 745.95 R3 708.40 R2 670.85 R1 647.15 PP 633.30 S1 609.60 S2 595.75 S3 558.20 S4 520.65 ACTION SELL ENTRY PRICE BELOW 611 TARGET 601.00 STOP LOSS 616.90
  • 15. 15 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018 Technical Outlook Last week, BHARATFORG Dec Futures started the week on positive note but in last day of the week, all the gain were erased and it closed at 502.20 with the overall loss of 2.65% on weekly basis. Technically it’s near the 52 week low and con- solidating below the 61.8% Fibonacci Retracement levels which is indicating bearish movement in it.For this week, we can expect downside movement in it. For this week, traders can adopt selling on the basis of Retracement breakout strategy in it and below the level of 498 it can test the level of 485 during the week. Trades can make sell position in it by maintaining a Stop Loss of 505. BHARATFORGE FUTURES ( Call of the Week ) WEEKLY STRATEGY PARTICULAR DETAILS WEEKLY PIVOTS PARTICULAR LEVEL R4 605.60 R3 574.25 R2 542.90 R1 522.55 PP 511.55 S1 491.20 S2 480.20 S3 448.85 S4 417.50 ACTION SELL ENTRY PRICE BELOW 498.00 TARGET 485.00 STOP LOSS 505.00
  • 16. 16 Copyright © 2018 Ways2Capital. All rights reserved 24/12/2018 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 24/12/2018 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