Equity research report 04 september 2018 ways2 capital

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CURRENCY MARKET UPDATE
CURRENCY PAIR
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
MAJOR INDICES
INDEX
CLOSING AS ON 31
th Aug 18
WEEKLY CHANGES
WEEKLY
% CHANGE
COMMODITY MARKET UPDATE
COMMODITY
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
Market Wrap–Up
Nifty 11680.50 123.40 1.07%
Nifty 100 12003.10 146.90 1.24%
Nifty 200 6240.55 81.45 1.32%
Nifty 500 9992.00 141.20 1.43%
Nifty VIX 12.60 0.19 1.53%
Nifty Bank 28061.75 227.05 0.82%
Nifty Auto 11009.25 106.25 0.97%
Nifty Finance 11719.05 126.90 1.09%
Nifty FMCG 32911.55 526.00 1.62%
Nifty IT 15811.40 551.35 3.61%
Nifty Media 2840.10 -31.05 -1.08%
Nifty Metal 3643.45 162.25 4.66%
Nifty Pharma 10390.95 329.85 3.28%
Nifty PSU Banks 3315.50 100.90 3.14%
Nifty PVT Bank 15933.20 118.70 0.75%
Nifty Realty 275.85 2.40 0.88%
USDINR 71.1875 69.9425 1.78%
GBPINR 92.5525 89.9075 2.94%
EURINR 83.0550 81.0250 2.51%
JPYINR 64.2800 62.8175 2.33%
EURUSD 1.1652 1.1597 0.47%
GBPUSD 1.2976 1.2851 0.97%
Dollar Index 95.05 95.08 -0.03%
Gold COMEX 1206.90 1212.30 -0.45%
Gold MCX 30129 29903 0.76%
Crude Oil NYMEX 69.91 68.54 2.00%
Crude Oil MCX 4959 4804 3.23%
Brent Oil NYMEX 77.69 75.63 2.72%
Copper MCX 423.80 416.25 1.81%
Natural Gas NYMEX 2.921 2.912 0.31%

WEEKLY GAINERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
HIGH
WEEKLY LOSERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
LOW
Market at a Glancez
UPL 714.85 9.35% 848.70
HINDALCO 237.40 6.74% 283.95
TECHM 764.60 6.45% 769.75
POWERGRID 200.60 5.11% 224.00
TATASTEEL 601.65 4.55% 755.12
YESBANK 343.40 -8.34% 285.10
BAJAJ
FINSV
6754.85 -4.34% 4444.00
RELIANCE 1240.95 -2.90% 780.00
EICHER-
MOTR
28021.50 2.69% 26000.00
GAIL 372.05 2.17% 279.75

ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Economic Calendar
Monday, September 3, 2018
All Day USD United States - Labor Day USA Holiday
7:15 CNY Caixin Manufacturing PMI (Aug) 50.6 50.8
14:00 GBP Manufacturing PMI (Aug) 53.8 54
Tuesday, September 4, 2018
14:00 GBP Construction PMI (Aug) 54.9 55.8
19:30 USD ISM Manufacturing PMI (Aug) 57.7 58.1
Wednesday, September 5, 2018
14:00 GBP Services PMI (Aug) 53.8 53.5
Thursday, September 6, 2018
17:45 USD ADP Nonfarm Employment Change (Aug) 190K 219K
19:30 USD ISM Non-Manufacturing PMI (Aug) 56.5 55.7
20:30 USD Crude Oil Inventories - -2.566M
Friday, September 7, 2018
18:00 USD Nonfarm Payrolls (Aug) 190K 157K
18:00 USD Unemployment Rate (Aug) 3.80% 3.90%

Continued .......
Weekly Pivots
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
ADANIPORTS 439.40 420.95 402.50 392.55 384.05 374.10 365.60 347.15 328.70
ASIANPAINT 1551.80 1496.35 1440.90 1406.70 1385.43 1351.20 1329.95 1274.50 1219.05
AXISBANK 731.95 705.55 679.15 664.25 652.73 637.80 626.30 599.90 573.50
BAJAJ-AUTO 2978.40 2894.50 2810.60 2782.30 2726.68 2698.35 2642.75 2558.85 2474.95
BAJAJFINSV 8025.85 7638.40 7250.95 7002.00 6863.48 6614.50 6476.00 6088.55 5701.10
BAJFINANCE 3355.75 3202.85 3049.95 2953.00 2897.03 2800.05 2744.10 2591.20 2438.30
BHARTIARTL 434.70 416.10 397.50 390.40 378.88 371.75 360.25 341.65 323.05
BPCL 392.20 381.90 371.60 366.55 361.27 356.20 350.95 340.65 330.35
CIPLA 772.05 734.55 697.05 679.10 659.55 641.60 622.05 584.55 547.05
COALINDIA 335.40 320.25 305.10 295.30 289.95 280.15 274.80 259.65 244.50
DRREDDY 2827.20 2703.25 2579.30 2535.65 2455.35 2411.70 2331.40 2207.45 2083.50
EICHERMOT 33506.80 31758.75 30010.70 28973.35 28262.65 27225.30 26514.60 24766.55 23018.50
GAIL 472.45 440.40 408.35 389.80 376.30 357.75 344.25 312.20 280.15
GRASIM 1176.35 1142.35 1108.35 1089.70 1074.33 1055.65 1040.30 1006.30 972.30
HCLTECH 1162.00 1120.55 1079.10 1061.75 1037.63 1020.25 996.15 954.70 913.25
HDFC 2130.15 2066.80 2003.45 1972.15 1940.10 1908.80 1876.75 1813.40 1750.05

Continued .......
Weekly Pivots
HDFCBANK 2192.15 2152.15 2112.15 2086.05 2072.15 2046.05 2032.15 1992.15 1952.15
HEROMOTOCO 3499.40 3413.25 3327.10 3293.20 3240.95 3207.05 3154.80 3068.65 2982.50
HINDALCO 289.60 271.50 253.40 245.65 235.27 227.50 217.15 199.05 180.95
HINDPETRO 296.75 283.25 269.75 261.80 256.23 248.25 242.70 229.20 215.70
HINDUNILVR 1915.35 1868.60 1821.85 1798.95 1775.08 1752.15 1728.30 1681.55 1634.80
IBULHSGFIN 1400.00 1357.20 1314.40 1287.20 1271.60 1244.40 1228.80 1186.00 1143.20
ICICIBANK 387.35 371.50 355.65 348.65 339.78 332.75 323.90 308.05 292.20
INDUSINDBK 2233.15 2126.50 2019.85 1964.35 1913.17 1857.65 1806.50 1699.85 1593.20
INFRATEL 331.00 316.30 301.60 293.70 286.88 278.95 272.15 257.45 242.75
INFY 1643.95 1571.05 1498.15 1469.10 1425.23 1396.15 1352.30 1279.40 1206.50
IOC 168.40 164.05 159.70 157.65 155.35 153.30 151.00 146.65 142.30
ITC 355.20 342.60 330.00 324.80 317.40 312.20 304.80 292.20 279.60
KOTAKBANK 1390.20 1353.50 1316.80 1301.90 1280.10 1265.20 1243.40 1206.70 1170.00
LT 1452.70 1422.70 1392.70 1381.35 1362.67 1351.30 1332.65 1302.65 1272.65
LUPIN 1096.50 1036.70 976.90 954.20 917.10 894.40 857.30 797.50 737.70
M&M 1074.05 1040.20 1006.35 985.85 972.48 951.95 938.60 904.75 870.90

Weekly Pivots
MARUTI 10379.90 9991.90 9603.90 9351.45 9215.87 8963.40 8827.85 8439.85 8051.85
NTPC 201.65 191.10 180.55 176.00 170.00 165.45 159.45 148.90 138.35
ONGC 204.30 195.65 187.00 183.45 178.33 174.75 169.65 161.00 152.35
POWERGRID 232.15 220.80 209.45 205.30 198.10 193.95 186.75 175.40 164.05
RELIANCE 1545.40 1453.00 1360.60 1299.80 1268.18 1207.35 1175.75 1083.35 990.95
SBIN 334.65 325.95 317.25 313.80 308.53 305.05 299.80 291.10 282.40
SUNPHARMA 770.50 727.90 685.30 668.60 642.70 626.00 600.10 557.50 514.90
TATAMOTORS 299.15 287.40 275.65 271.30 263.90 259.55 252.15 240.40 228.65
TATASTEEL 706.90 670.50 634.10 617.25 597.67 580.80 561.25 524.85 488.45
TCS 2239.35 2182.35 2125.35 2101.70 2068.33 2044.65 2011.30 1954.30 1897.30
TECHM 897.85 849.10 800.35 783.20 751.58 734.40 702.80 654.05 605.30
TITAN 973.55 945.10 916.65 904.85 888.18 876.35 859.70 831.25 802.80
ULTRACEMCO 4944.85 4771.85 4598.85 4531.05 4425.83 4358.00 4252.80 4079.80 3906.80
UPL 908.15 837.25 766.35 739.85 695.42 668.90 624.50 553.60 482.70
VEDL 276.95 261.20 245.45 236.90 229.68 221.10 213.90 198.15 182.40
WIPRO 345.75 330.30 314.85 307.75 299.38 292.25 283.90 268.45 253.00
YESBANK 504.35 454.60 404.85 373.95 355.08 324.15 305.30 255.55 205.80
ZEEL 566.65 546.25 525.85 512.90 505.45 492.50 485.05 464.65 444.25

NIFTY OPTIONS OPEN INTEREST ANALYSISLONG BUILD-UP
SCRIP
CHANGE IN
OI (In %)
PRICE CHANGE
(In %)
SHORT COVERING
SCRIP
CHANGE IN
OI (In %)
PRICE CHANGE
(In %)
SHORT BUILD-UP
SCRIP
CHANGE IN
OI (In %)
PRICE CHANGE
(In %)
LONG UNWINDING
SCRIP
CHANGE IN
OI (In %)
PRICE CHANGE
(In %)
Analysis : As per the analysis of above
chart.
Major Resistance Level: 11800 followed by
12000
Major Support Levels: 11600
Open Interest & Price Analysis
OFSS 47.80% 2.09%
TORNTPHARM 20.03% 2.40%
NIITTECH 15.97% 4.85%
- - -
- - -
PTC -38.57% 1.87%
TVSMOTOR -37.81% 3.74%
ADANIENT -37.64% 7.54%
BATAINDIA -34.49% 1.65%
HEXAWARE -32.82% 2.92%
YESBANK 37.57% -8.22%
LICHSGFIN 29.32% -8.47%
APOLLOTYRE 16.53% -3.49%
EICHERMOT 11.25% -3.17%
IDEA 10.13% -5.14%
APOLLOHOSP -24.94% -1.01%
EXIDEIND -19.85% -2.88%
AMARAJABAT -18.84% -2.28%
INDUSINDBK -11.38% -1.19%
- - -

NIFTY WEEKLY PIVOTS
PARTICULAR LEVEL
Fundamental Outlook
The index continues to enjoy its Bull Run despite some in between hiccups. After previous week’s consolidation, we
had a head start on Monday by opening higher and in couple of days, hastening beyond milestones of 11600 and
11700. However, traders once again chose to take some money off the table and hence, index came off a bit from
higher levels thereafter. Although, we did not see a significant move on Friday in terms of gains; it was quite en-
couraging because index managed to hold its ground and showed some signs of recovery towards the fag end of the
week. As far as sectoral moves are concerned, Pharma and Metal have been the outshining pockets and still we ex-
pect them to do well in coming days. Apart from this, IT stocks gave some sparkling moves on the First and the last
day of week. Do watch out for these spaces along with the midcap universe (especially the cash segment), which is
still likely to fetch some decent returns. On the global front The S&P 500 Index added to a fifth monthly gain as in-
vestors awaited developments on trade talks. Emerging-market shares extended their slide, while the dollar
climbed with Treasuries.
Technical Outlook
The Nifty futures started the last week on positive note on Monday and make its new life time high in Tuesday trad-
ing session. Index showed some profit booking in last three trading sessions. on weekly basis index is forming Hang-
ing man candlestick pattern.
Continued …....
Nifty Analysis
R4 11903.75
R3 11791.80
R2 11679.85
R1 11625.75
PP 11567.90
S1 11513.80
S2 11455.95
S3 11344.00
S4 11232.05

Continued …....
TECHNICAL INDICATOR
ANALYSIS
INDICATOR
CURRENT
TREND
WEEKLY STRATEGY
PARTICULAR DETAILS
For this week, traders can adopt buy on lower level strategy in it and above the level of 11805. It can test the
level of Rs. 11950 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 11699.
Nifty Analysis
But due to lack of clear reversal confirmation it is still looking positive in coming trading sessions. Major resis-
tance is placed at 11800 and close above this levels can extend the bullish leg while down side 11642 will act as a
major support for the index. ACTION BUY
ENTRY PRICE ABOVE 11805
TARGET 11950
STOP LOSS 11699
20 Days EMA POSITIVE
RSI POSITIVE
MACD POSITIVE
STOCHASTIC POSITIVE

Technical Outlook
The Nifty Bank index started the last week on positive note on Monday but soon showed profit booking from
higher levels as it traded with bearish movement throughout the week, which led index to give closing on side-
ways note on weekly basis. Going ahead, index has formed flag price pattern on higher levels and if index man-
ages to sustain above the levels of 28400 then it can show further upside movement and can test up side levels
WEEKLY STRATEGY
PARTICULAR DETAILS
For this week, traders can adopt buy on lower level strategy in it and above the level of 28500. It can test the
level of Rs. 28750 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 28380.
WEEKLY PIVOTS
PARTICULAR LEVEL
Bank Nifty Analysis
R4 29598.25
R3 29081.90
R2 28565.55
R1 28237.15
PP 28049.20
S1 27720.80
S2 27532.85
S3 27016.50
S4 26500.15
ACTION BUY
ENTRY PRICE ABOVE 28500
TARGET 28750
STOP LOSS 28380

Technical Outlook
Last week, HINDALCO NSE cash started the week on positive note and after that it witnessed sideways move
for the most part of the week. It made a high of 237.95 with the overall gain of 7.14% on weekly basis. Techni-
cally it’s consolidating on higher levels the positive technical indicators and also sustaining above the trend line
breakout. For this week, we can expect further upside movement in it.
For this week, traders can adopt buy on lower level strategy in it and above the level of 243 it can test the level
of Rs. 253 during the week. Trades can make buy position in it by maintaining a Stop Loss of 338
HINDALCO Cash( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 289.55
R3 271.45
R2 253.35
R1 245.60
PP 235.25
S1 227.50
S2 217.15
S3 199.05
S4 180.95
ACTION BUY
ENTRY PRICE ABOVE 243.00
TARGET 253.00
STOP LOSS 238.00

Technical Outlook
Last week, BHARATFORG NSE cash started the week on positive note and continued the same for entire week.
It made a high of 685 during the week and closed at 679.05 with the overall gains of 4.93% on weekly basis.
Technically it’s forming good reversal pattern on the chart with the positive RSI & for this week, we can expect
further upside movement in it.
For this week, traders can adopt buy on lower level strategy in it and above the level of 690 it can test the level
of 711 during the week. Trades can make buy position in it by maintaining a Stop Loss of 678.
BHARAT FORGE Cash ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
ACTION BUY
TARGET 462.00
STOP LOSS 435.00
R4 788.20
R3 748.75
R2 709.30
R1 694.15
PP 669.85
S1 654.70
S2 630.40
S3 590.95
S4 551.50

Technical Outlook
Last week, DIVISLAB NSE Futures started the week on negative note and after that it witnessed choppy move
for the entire week. It made a high of 1336.90 during the week and closed at 1316.70 with the overall gain of
1.00% on weekly basis. Technically DIVISLAB is in bullish trend on the charts and sustaining above the major
psychological support level of 1200. For this week we can expect further upside movement in it.
For this week, traders can adopt buy on lower level strategy in it and above the level of 1337 it can test the level of
1354.90 during the week. Trades can make buy position in it by maintaining a Stop Loss of 1329.50
DIVISLAB FUTURES( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 1516.55
R3 1446.65
R2 1376.75
R1 1346.70
PP 1306.85
S1 1276.80
S2 1236.95
S3 1167.05
S4 1097.15
ACTION BUY
TARGET 1354.90
STOP LOSS 1329.50

Technical Outlook
ACC NSE Futures started the week on negative note and after that it witnessed choppy move for the entire
week. It made a high of 1677 during the week and closed at near to previous week closing at 1652.90. Techni-
cally ACC is in bullish trend on the charts and it witnessed more than 30% gains in past 1 month. Currently its
sustaining above the major psychological resistance level of 1600 and for this week we can expect further up-
side movement in it.
For this week, traders can adopt buy on lower level strategy in it and above the level of 1670 it can test the
level of 1699.50 during the week. Trades can make buy position in it by maintaining a Stop Loss of 1656.90
ACC FUTURES ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 1831.25
R3 1770.40
R2 1709.55
R1 1681.25
PP 1648.70
S1 1620.40
S2 1587.85
S3 1527.00
S4 1466.15
ACTION BUY
TARGET 1699.50
STOP LOSS 1656.90

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

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