Equity Research Report 09 October 2018 Ways2Capital

HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PRIVATE LIMITED
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CURRENCY MARKET UPDATE
CURRENCY PAIR
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
MAJOR INDICES
INDEX
CLOSING AS ON
28th SEPT 18
WEEKLY CHANGES
WEEKLY
% CHANGE
COMMODITY MARKET UPDATE
COMMODITY
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
Market Wrap–Up
Nifty 10316.45 -661.10 -6.02%
Nifty 100 10510.05 -676.65 -6.05%
Nifty 200 5421.00 -355.20 -6.15%
Nifty 500 8624.95 -577.40 -6.27%
India VIX 19.73 2.81 16.61%
Nifty Bank 24443.45 -598.70 -2.39%
Nifty Auto 8915.10 -900.30 -9.17%
Nifty Finance 10216.90 -308.05 -2.93%
Nifty FMCG 27873.80 -1786.45 -6.02%
Nifty IT 15591.65 -426.35 -2.66%
Nifty Media 2371.40 -121.20 -4.86%
Nifty Metal 3444.65 -225.05 -6.13%
Nifty Pharma 9547.35 -545.10 -5.40%
Nifty PSU Banks 2656.00 -68.05 -2.50%
Nifty PVT Bank 14151.05 -775.25 -5.47%
Nifty Realty 208.80 -21.75 -9.43%
USDINR 74.0125 72.7625 1.72%
GBPINR 96.5775 95.0175 1.64%
EURINR 85.2750 84.4525 0.97%
JPYINR 65.0675 64.3000 1.19%
EURUSD 1.1558 1.1608 -0.43%
GBPUSD 1.3098 1.3031 0.51%
Dollar Index 95.31 94.80 0.54%
Gold COMEX 1206.70 1196.20 0.88%
Gold MCX 31154 30481 2.21%
Crude Oil NYMEX 74.29 73.53 1.03%
Crude Oil MCX 5546 5335 3.96%
Brent Oil NYMEX 84.03 82.88 1.39%
Copper MCX 456.55 452.35 0.93%
Natural Gas NYMEX 3.115 3.002 3.76%

WEEKLY GAINERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
HIGH
WEEKLY LOSERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
LOW
Market at a Glance
Yes Bank 206.20 1.48% 404.00
Wipro 324.50 1.22% 339.05
- - - -
- - - -
Hindpetro 165.05 -33.67% 163.45
BPCL 265.35 -28.74% 239.00
IOC 118.05 -22.67% 105.65
Bharti Airtel 296.75 -16.67% 287.50
ONGC 146.95 -16.51% 146.00

ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Economic Calendar
Monday, October 8, 2018
7:15 CNY Caixin Services PMI (Sep) 51.5 51.5
Tuesday, October 9, 2018
4:31 GBP BRC Retail Sales Monitor (YoY) (Sep) - 0.20%
Wednesday, October 10, 2018
14:00 GBP GDP (MoM) - 0.30%
14:00 GBP Manufacturing Production (MoM) (Aug) 0.10% -0.20%
18:00 USD PPI (MoM) (Sep) 0.20% -0.10%
Thursday, October 11, 2018
18:00 USD Core CPI (MoM) (Sep) 0.20% 0.10%
20:30 USD Crude Oil Inventories - 7.975M
18:00 USD Core CPI (YoY) (Sep) 2.30% 2.20%
18:00 USD CPI (MoM) (Sep) 0.20% 0.20%
18:00 USD Initial Jobless Claims 206K 207K
Friday, October 12, 2018
4:31 GBP RICS House Price Balance (Sep) 1% 2%
17:30 INR CPI (YoY) (Sep) 4.00% 3.69%
18:00 USD Export Price Index (MoM) (Sep) 0.20% -0.10%
18:00 USD Import Price Index (MoM) (Sep) 0.20% -0.60%

Continued .......
Weekly Pivots
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
ADANIPORTS 431.35 391.35 351.35 324.70 311.33 284.65 271.30 231.30 191.30
ASIANPAINT 1580.55 1464.50 1348.45 1272.95 1232.40 1156.90 1116.35 1000.30 884.25
AXISBANK 771.75 708.05 644.35 607.50 580.65 543.80 516.95 453.25 389.55
BAJAJ-AUTO 3353.00 3103.10 2853.20 2686.60 2603.30 2436.70 2353.40 2103.50 1853.60
BAJAJFINSV 7983.40 7166.30 6349.20 5841.30 5532.10 5024.20 4715.00 3897.90 3080.80
BAJFINANCE 3186.20 2819.50 2452.80 2208.90 2086.07 1842.15 1719.35 1352.65 985.95
BHARTIARTL 453.75 405.65 357.55 327.00 309.43 278.85 261.30 213.20 165.10
BPCL 731.95 586.70 441.45 353.85 296.20 208.60 150.95 5.70 -
CIPLA 743.85 710.90 677.95 659.00 644.98 626.00 612.00 579.05 546.10
COALINDIA 327.50 307.80 288.10 275.50 268.38 255.75 248.65 228.95 209.25
DRREDDY 3024.20 2825.50 2626.80 2505.90 2428.10 2307.20 2229.40 2030.70 1832.00
EICHERMOT 37001.95 32004.10 27006.25 24015.65 22008.38 19017.75 17010.50 12012.65 7014.80
GAIL 611.85 520.35 428.85 379.45 337.35 287.95 245.85 154.35 62.85
GRASIM 1271.95 1166.00 1060.05 991.15 954.10 885.20 848.15 742.20 636.25
HCLTECH 1203.00 1162.30 1121.60 1100.80 1080.90 1060.10 1040.20 999.50 958.80
HDFC 2136.50 2000.80 1865.10 1775.05 1729.40 1639.35 1593.70 1458.00 1322.30

Continued .......
Weekly Pivots
HDFCBANK 2316.95 2204.90 2092.85 2021.45 1980.78 1909.35 1868.70 1756.65 1644.60
HEROMOTOCO 3721.00 3418.00 3115.00 2931.95 2811.97 2628.90 2508.95 2205.95 1902.95
HINDALCO 345.65 310.90 276.15 257.80 241.40 223.05 206.65 171.90 137.15
HINDPETRO 476.50 382.55 288.60 226.30 194.63 132.30 100.65 6.70 -
HINDUNILVR 1949.75 1825.95 1702.15 1628.10 1578.33 1504.25 1454.50 1330.70 1206.90
IBULHSGFIN 1496.40 1297.50 1098.60 994.35 899.67 795.40 700.75 501.85 302.95
ICICIBANK 388.20 361.15 334.10 319.30 307.05 292.25 280.00 252.95 225.90
INDUSINDBK 1962.75 1844.20 1725.65 1662.85 1607.08 1544.25 1488.50 1369.95 1251.40
INFRATEL 348.50 318.45 288.40 274.45 258.35 244.40 228.30 198.25 168.20
INFY 883.85 831.45 779.05 750.80 726.63 698.35 674.20 621.80 569.40
IOC 288.85 235.00 181.15 149.35 127.28 95.45 73.40 19.55 -
ITC 368.25 340.40 312.55 294.30 284.70 266.45 256.85 229.00 201.15
KOTAKBANK 451.30 424.20 397.10 379.55 369.97 352.40 342.85 315.75 288.65
LT 1471.70 1335.35 1199.00 1123.05 1062.62 986.65 926.25 789.90 653.55
LUPIN 1475.35 1398.30 1321.25 1272.55 1244.20 1195.50 1167.15 1090.10 1013.05
M&M 1129.10 1017.55 906.00 836.00 794.45 724.45 682.90 571.35 459.75

Weekly Pivots
MARUTI 8222.35 7943.35 7664.35 7564.70 7385.33 7285.65 7106.30 6827.30 6548.30
NTPC 180.80 176.65 172.50 170.55 168.33 166.35 164.15 160.00 155.85
ONGC 197.90 191.45 185.00 182.45 178.55 176.00 172.10 165.65 159.20
POWERGRID 214.60 206.60 198.60 195.30 190.60 187.30 182.60 174.60 166.60
RELIANCE 1393.55 1339.85 1286.15 1260.90 1232.43 1207.15 1178.70 1125.00 1071.30
SBIN 304.45 293.35 282.25 278.20 271.13 267.05 260.00 248.90 237.80
SUNPHARMA 715.35 686.35 657.35 646.70 628.33 617.65 599.30 570.30 541.30
TATAMOTORS 258.10 247.65 237.20 233.45 226.72 222.95 216.25 205.80 195.35
TATASTEEL 660.00 631.70 603.40 592.70 575.10 564.40 546.80 518.50 490.20
TCS 2495.70 2410.10 2324.50 2287.40 2238.87 2201.75 2153.25 2067.65 1982.05
TECHM 821.00 799.20 777.40 769.45 755.57 747.60 733.75 711.95 690.15
TITAN 900.10 867.70 835.30 823.80 802.88 791.35 770.45 738.05 705.65
ULTRACEMCO 4536.40 4340.40 4144.40 4042.80 3948.38 3846.75 3752.35 3556.35 3360.35
UPL 754.10 722.25 690.40 678.95 658.55 647.10 626.70 594.85 563.00
VEDL 257.05 248.40 239.75 236.75 231.10 228.10 222.45 213.80 205.15
WIPRO 357.10 347.65 338.20 334.45 328.72 324.95 319.25 309.80 300.35
YESBANK 291.05 257.85 224.65 212.25 191.42 179.00 158.20 125.00 91.80
ZEEL 492.15 473.35 454.55 448.30 435.73 429.45 416.90 398.10 379.30

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: 10000
Open Interest & Price Analysis
- - -
- - -
- - -
- - -
- - -
NIITTECH -23.31% 5.26%
- - -
- - -
- - -
- - -
KSCL 62.50% -13.79%
BPCL 59.67% -29.30%
HINDPETRO 29.80% -34.67%
CONCOR 26.26% -3.63%
M&M 24.52% -10.75%
CHENNPETRO -14.90% -8.05%
MGL -13.90% -5.05%
CHOLAFIN -10.45% -4.21%
- - -
- - -

NIFTY WEEKLY PIVOTS
PARTICULAR LEVEL
Fundamental Outlook
Last week Nifty index were down almost 6%. nifty falls continuously upto 5th
week and correct almost 13% from the peak,the
large part of this decline could be attributed in the indian currency and rising crude oil prices. On the index futures front,
Nifty futures lost about 29 percent longs in the September expiry, while in the first week we saw whopping 24 percent addi-
tions with only one difference that it was on the short side.Among the stock futures, the biggest damage was recorded in the
oil marketing companies with BPCL, HPCL adding 60 percent to 30 percent in the open interest, respectively, with over 30 per-
cent damage to the price.On the options front, Put writers were trying to seek asylum into 11,000 and lower strikes after the
down-move in the September series. Now with huge additions in same strike Calls along with additions in the Nifty futures
looks like there has been a creation of opposite positions by put writers but via the synthetic route.
Technical Outlook
Last week Nifty futures open at 10931 and give closing at 10347.15 made low of 10292 gives almost 600 point in downward
trend. Nifty moves downtrend in entire week almost all trading sessions of the week.
Continued …....
Nifty Analysis
R4 12970.40
R3 12172.40
R2 11374.40
R1 10860.80
PP 10576.40
S1 10062.80
S2 9778.40
S3 8980.40
S4 8182.40

Continued …....
TECHNICAL INDICATOR
ANALYSIS
INDICATOR
CURRENT
TREND
WEEKLY STRATEGY
PARTICULAR DETAILS
For next week we can made short position in nifty from the level of 10290 for the TGT of 10140 and with th SL of 10401.
Nifty Analysis
Last week Nifty falls almost 5.40% and break important support level of 10500 and gives closing below this support
level .below the level of 10500 further selling is seen in the Nifty and breached next support level of 10300 but give clsing
above this level at 10347.15 .we can expect further selling in NIfty below the level of 10300.
ACTION SELL
ENTRY PRICE BELOW 10290
TARGET 10140
STOP LOSS 10401
20 Days EMA NEGATIVE
RSI NEGATIVE
MACD NEGATIVE
STOCHASTIC NEGATIVE

Technical Outlook
Last week Bank Nifty futures open at 25085 and give closing at 24519.70 made low of 24272.40 gives almost 900 point in
downward trend. Bank Nifty moves downtrend in entire week almost all trading sessions of the week.
Last week Bank Nifty falls almost 3.30% and 25000 further selling is seen in the Bank Nifty and breached next support level
of 24500 but give clsing above this level at 24519 .we can expect further selling in BankNIfty below the level of24500
WEEKLY STRATEGY
PARTICULAR DETAILS
For next week we can made short position in Bank nifty from the level of 24300 for the TGT of 24001 and with th SL of
24501.
WEEKLY PIVOTS
PARTICULAR LEVEL
Bank Nifty Analysis
R4 28651.90
R3 27347.30
R2 26042.70
R1 25203.80
PP 24738.10
S1 23899.20
S2 23433.50
S3 22128.90
S4 20824.30
ACTION SELL
ENTRY PRICE 24300
TARGET 24001
STOP LOSS 24501

Technical Outlook
Last week, PNB nse cash started the week on positive note and after that it given Pull back from lower level . It made a
high of 66.35 during the week and closed 63.85 with the overall gain of 6.40 % on weekly basis. Technically it consolidated
and given pull back as well from the support level and now we can expect upside movement in it.
For this week, traders can adopt buy on deep strategy in it and above the level of 66.50 it can test the level of 70.50 during
the week. Trades can make sell position in it by maintaining a Stop Loss of 62.50
PNB Cash( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
ACTION BUY
ENTRY PRICE ABOVE 66.50
TARGET 70.50
STOP LOSS 62.50
R4 86.30
R3 78.50
R2 70.70
R1 67.25
PP 62.90
S1 59.45
S2 55.10
S3 -
S4 -

Technical Outlook
Last week, DISHTV nse cash started the week on positive note and after that it given breakout from support level . It made
a high of 59.65 during the week and closed 52.30 with the overall loss of 9.80 % on weekly basis. Technically it made Bull-
ish Hammer Pattern from the lower level and given pull back from the major support level and now we can expect upside
moves in it.
For this week, traders can adopt strategy of buying on the basis of technical pattern and above the level of 52.70 it can
test the level of 55.70 during the week. Trades can make sell position in it by maintaining a Stop Loss of 49.9
DISH TVCash ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
ACTION BUY
ENTRY PRICE ABOVE 52.70
TARGET 55.70
STOP LOSS 49.90
R4 81.45
R3 72.35
R2 63.25
R1 57.75
PP 54.15
S1 48.65
S2 45.05
S3 35.95
S4 26.85

Technical Outlook
last week Yes bank Futs open at 179.80 and made high of 229.90 and close at 207.20 give positive movement,After a
sharp downfall in yesbank,it gives positive movementin short term trend indicate its recovery phase. For next week it can
hold its recovery phase and give some positive trend in it
For next week trader can make long positions in it above the level of 226 for the TGT of 236 with sl of 222
YES BANK FUTURES( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 376.35
R3 318.60
R2 260.85
R1 234.05
PP 203.10
S1 176.30
S2 145.35
S3 87.60
S4 29.85
ACTION BUY
ENTRY PRICE ABOVE 226
TARGET 236.00
STOP LOSS 222.00

Technical Outlook
last week HINDALCO futs open at 229 and made high of 261.35 and low of 225.60 gives positive movement overall trend of
stock is positive for long term,
for short term its can go downside on daily chart of it shows trendline breakout which indicate downward trend in it.
For next week traders can sell hindalco below the level of 225.60 for the tgt of 221.60 and with sl of 227.60
HINDALCO FUTURES ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 350.05
R3 314.30
R2 278.55
R1 260.00
PP 242.80
S1 224.25
S2 207.05
S3 171.30
S4 135.55
ACTION SELL
ENTRY PRICE BELOW 225.60
TARGET 221.60
STOP LOSS 227.60

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

Equity Research Report 09 October 2018 Ways2Capital

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