HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PRIVATE LIMITED
PHONE: 0731-6554125 | MAIL: SUPPORT@WAYS2CAPITAL.COM | ADD : 515-516, SHAGUN ARCADE,VIJAY NAGAR, INDORE, MP, 452001
Market Wrap-Up MAJOR INDICES INDEX
CLOSING (As on 5th Jan 18)
CURRENCY MARKET UPDATE
CLOSING Weekly Change (As on 29th Dec 17) (in %)
Currency Pair
Current Closing
Previous Closing
Weekly Change (in %)
NIFTY 50
10558.85
10530.7
0.27%
USDINR
63.275
63.84
-0.89%
NIFTY 100
11,051.25
10985.15
0.60%
GBPINR
85.843
86.276
-0.50%
NIFTY 200
5,855.30
5,814.10
0.71%
EURINR
76.195
76.595
-0.52%
NIFTY 500
9,573.45
9490.65
0.87%
JPYINR
0.5602
0.5665
-1.11%
INDIA VIX
13.11
12.67
3.49%
EURUSD
1.2029
1.1998
0.26%
NIFTY BANK
25,601.85
25539.45
0.24%
GBPUSD
1.3573
1.3515
0.43%
NIFTY AUTO
11,929.60
12,009.70
-0.67%
Dollar Index
91.75
91.83
-0.09%
NIFTY FIN SERVICE
10,473.25
10475.15
-0.02%
NIFTY FMCG
26,914.30
26,851.50
0.23%
NIFTY IT
11,633.55
11665.75
-0.28%
NIFTY MEDIA
3,529.55
3,464.30
1.88%
NIFTY METAL
4,130.40
3940.15
4.83%
NIFTY PHARMA
9,701.05
9,620.10
0.84%
NIFTY PSU BANK
3,694.70
3700.55
-0.16%
NIFTY PVT BANK
14,234.20
14,139.65
347.30
346.9
NIFTY REALTY 2
COMMODITY MARKET UPDATE Current Closing
Previous Weekly Change (in %) Closing
Gold COMEX
1320.20
1309.30
-0.83%
Gold MCX
29217.00
29156.00
-0.21%
61.56
60.42
-1.85%
3887.00
3850.00
-0.95%
Brent Oil NYMEX
67.72
66.87
-1.26%
0.67%
Copper MCX
452.50
466.00
2.98%
0.12%
Natural Gas MCX
177.10
187.30
5.76%
Commodity
Crude Oil NYMEX Crude Oil MCX
Copyright © 2017 Ways2Capital. All rights reserved
08/01/2018
Market at a Glance NIFTY50 WEEKLY GAINERS CURRENT CLOSING
PREVIOUS CLOSING
WEEKLY CHANGE (in %)
COAL INDIA
262.95
278.75
5.67%
YESBANK
315.15
332.85
5.32%
TATA STEEL
732.4
770.70
4.97%
L&T
1258.25
1314.90
4.31%
ADANI PORT
405.65
423.80
4.28%
SCRIP
NIFTY50 WEEKLY LOSERS SCRIP BPCL
3
Copyright © 2017 Ways2Capital. All rights reserved
CURRENT CLOSING
PREVIOUS WEEKLY CLOSING CHANGE (in %)
517.7
487.70
-6.15%
EICHER MOTOR
30340.85
29237.00
-3.78%
MARUTI SUZUKI
9729.55
9433.85
-3.13%
INFY
1042.05
1012.00
-2.97%
AUROPHARAM
687.95
671.15
-2.50% 08/01/2018
Economic Calendar UPCOMING ECONOMIC EVENT CALENDER Time
Currency
14:00
GBP
Event Monday, January 8, 2018 Halifax House Price Index (MoM) (Dec)
Forecast
Previous
0.20%
0.50%
Tuesday, January 9, 2018 5:31
GBP
BRC Retail Sales Monitor (YoY) (Dec)
-
0.60%
20:30
USD
JOLTs Job Openings (Nov)
-
5.996M
Wednesday, January 10, 2018 7:00
CNY
CPI (MoM) (Dec)
0.40%
0.00%
15:00
GBP
Industrial Production (MoM) (Nov)
0.30%
0.70%
15:00
GBP
Manufacturing Production (MoM) (Nov)
0.30%
0.10%
15:00
GBP
Trade Balance (Nov)
-10.70B
-10.78B
21:00
USD
Crude Oil Inventories
-
-7.419M
19:00
USD
Core PPI (MoM) (Dec)
0.20%
0.30%
19:00
USD
Initial Jobless Claims
245K
250K
19:00
USD
PPI (MoM) (Dec)
0.20%
0.40%
Thursday, January 11, 2018
Friday, January 12, 2018
4
0:30
USD
Federal Budget Balance (Dec)
-30.0B
-139.0B
19:00
USD
Core CPI (YoY) (Dec)
1.70%
1.70%
19:00
USD
Core CPI (MoM) (Dec)
0.20%
0.10%
19:00
USD
Core Retail Sales (MoM) (Dec)
0.40%
1.00%
19:00
USD
CPI (MoM) (Dec)
0.20%
0.40%
19:00
USD
Retail Sales (MoM) (Dec)
0.40%
0.80%
Copyright © 2017 Ways2Capital. All rights reserved
08/01/2018
Weekly Pivots NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME
R4
R3
R2
R1
PP
S1
S2
S3
S4
ADANIPORTS
511.05
479.10
447.15
435.40
415.20
403.45
383.25
351.30
319.35
AMBUJACEM
309.55
297.05
284.55
278.95
272.02
266.40
259.50
247.00
234.50
ASIANPAINT
1344.95
1287.00
1229.05
1208.10
1171.07
1150.10
1113.10
1055.15
997.20
AUROPHARMA
753.45
726.75
700.05
685.05
673.32
658.30
646.60
619.90
593.20
AXISBANK
599.85
587.60
575.35
569.85
563.08
557.55
550.80
538.55
526.30
BAJAJ-AUTO
3669.35
3540.35
3411.35
3345.70
3282.33
3216.65
3153.30
3024.30
2895.30
BAJFINANCE
2116.00
2005.00
1894.00
1856.00
1783.00
1745.00
1672.00
1561.00
1450.00
BHARTIARTL
623.40
592.75
562.10
551.00
531.42
520.30
500.75
470.10
439.45
20873.35
20491.35
20109.35
19879.70
19727.33
19497.65
19345.30
18963.30
18581.30
BPCL
582.80
553.55
524.30
506.40
495.03
477.10
465.75
436.50
407.25
CIPLA
661.20
644.80
628.40
620.55
612.00
604.15
595.60
579.20
562.80
COALINDIA
316.20
302.55
288.90
283.45
275.22
269.75
261.55
247.90
234.25
DRREDDY
2838.70
2702.70
2566.70
2518.35
2430.67
2382.30
2294.65
2158.65
2022.65
EICHERMOT
33826.70
32286.70
30746.70
29998.35
29206.67
28458.30
27666.65
26126.65
24586.65
GAIL
539.10
524.80
510.50
502.70
496.20
488.40
481.90
467.60
453.30
HCLTECH
971.60
945.45
919.30
909.40
893.12
883.20
866.95
840.80
814.65
BOSCHLTD
Continued ....... 5
Copyright © 2017 Ways2Capital. All rights reserved
08/01/2018
Weekly Pivots NIFTY50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME
R4
R3
R2
R1
PP
S1
S2
S3
S4
HDFC
1851.95
1806.35
1760.75
1744.90
1715.13
1699.25
1669.50
1623.90
1578.30
HDFCBANK
1929.70
1907.70
1885.70
1874.40
1863.68
1852.35
1841.65
1819.65
1797.65
HEROMOTOCO
3947.20
3882.10
3817.00
3784.50
3751.87
3719.35
3686.75
3621.65
3556.55
HINDALCO
323.80
307.90
292.00
284.10
276.08
268.15
260.15
244.25
228.35
HINDPETRO
475.35
454.45
433.55
424.30
412.63
403.35
391.70
370.80
349.90
HINDUNILVR
1451.25
1416.85
1382.45
1367.55
1348.05
1333.15
1313.65
1279.25
1244.85
IBULHSGFIN
1308.30
1271.70
1235.10
1217.05
1198.47
1180.40
1161.85
1125.25
1088.65
ICICIBANK
336.65
328.50
320.35
316.90
312.18
308.70
304.00
295.85
287.70
INDUSINDBK
1907.10
1830.20
1753.30
1726.65
1676.37
1649.70
1599.45
1522.55
1445.65
INFRATEL
409.90
398.20
386.50
379.45
374.77
367.70
363.05
351.35
339.65
INFY
1128.75
1092.75
1056.75
1035.50
1020.75
999.50
984.75
948.75
912.75
IOC
418.70
407.90
397.10
390.60
386.30
379.80
375.50
364.70
353.90
ITC
273.80
270.05
266.30
264.65
262.55
260.90
258.80
255.05
251.30
KOTAKBANK
1043.35
1029.15
1014.95
1009.00
1000.73
994.75
986.50
972.30
958.10
LT
1552.70
1466.60
1380.50
1345.95
1294.40
1259.85
1208.30
1122.20
1036.10
LUPIN
994.80
960.45
926.10
913.45
891.75
879.10
857.40
823.05
788.70
6
Copyright © 2017 Ways2Capital. All rights reserved
Continued ....... 08/01/2018
Weekly Pivots NIFTY50 WEEKLY PIVOTS (CASH SEGMENT) SCRIP NAME
R4
R3
R2
R1
PP
S1
S2
S3
S4
798.40
783.70
769.00
762.30
754.30
747.60
739.60
724.90
710.20
10565.70
10214.30
9862.90
9655.80
9511.50
9304.40
9160.10
8808.70
8457.30
NTPC
185.95
183.20
180.45
178.85
177.67
176.05
174.90
172.15
169.40
ONGC
215.85
209.90
203.95
201.00
197.98
195.00
192.00
186.05
180.10
POWERGRID
211.75
208.20
204.65
202.90
201.10
199.35
197.55
194.00
190.45
RELIANCE
980.30
959.80
939.30
931.15
918.77
910.60
898.25
877.75
857.25
SBIN
336.85
326.80
316.75
312.00
306.67
301.90
296.60
286.55
276.50
SUNPHARMA
657.35
630.10
602.85
591.10
575.58
563.80
548.30
521.05
493.80
TATAMOTORS
487.65
468.80
449.95
440.15
431.07
421.25
412.20
393.35
374.50
TATASTEEL
939.15
877.50
815.85
793.15
754.18
731.45
692.50
630.85
569.20
TCS
2909.50
2830.20
2750.90
2722.95
2671.57
2643.60
2592.25
2512.95
2433.65
TECHM
589.00
565.50
542.00
533.50
518.48
509.95
494.95
471.45
447.95
ULTRACEMCO
4854.90
4686.70
4518.50
4456.75
4350.27
4288.50
4182.05
4013.85
3845.65
UPL
887.40
848.30
809.20
791.65
770.07
752.50
730.95
691.85
652.75
VEDL
417.45
389.85
362.25
350.55
334.62
322.90
307.00
279.40
251.80
WIPRO
363.50
346.95
330.40
320.25
313.83
303.65
297.25
280.70
264.15
YESBANK
418.25
387.50
356.75
344.85
325.98
314.05
295.20
264.45
233.70
ZEEL
629.40
614.10
598.80
592.25
583.50
576.95
568.20
552.90
537.60
M&M MARUTI
7
Copyright © 2017 Ways2Capital. All rights reserved
08/01/2018
Open Interest & Price Analysis NIFTY OPTIONS OPEN INTEREST ANALYSIS
SHORT COVERING
LONG BUILD-UP
Change in OI (in %)
Change in Price (in%)
CUMMINSIND
-21.92%
5.87%
6.56%
RPOWER
-13.04%
16.96%
35.46%
2.14%
CADILAHC
-12.73%
1.16%
ADANIPORTS
32.73%
4.56%
ASHOKLEY
-11.91%
6.68%
PCJEWELLER
32.48%
7.39%
BALKRISIND
-8.41%
1.60%
Change in OI (in %)
Change in Price (in%)
RNAVAL
94.08%
15.93%
UBL
52.83%
BATAINDIA
Scrip
Scrip
LONG UNWINDING
SHORT BUILD-UP
Change in OI (in %)
Change in Price (in%)
HDIL
-28.70%
-3.18%
-4.92%
JPASSOCIAT
-8.74%
-4.02%
23.34%
-1.70%
ICIL
-7.50%
-2.92%
SREINFRA
23.22%
-1.94%
JSWENERGY
-4.88%
-1.34%
KOTAKBANK
21.50%
-0.81%
AXISBANK
-4.45%
-0.23%
Change in OI (in %)
Change in Price (in%)
OFSS
34.01%
-0.21%
BPCL
32.77%
IGL
Scrip
8
Scrip
Copyright © 2017 Ways2Capital. All rights reserved
Analysis : As per the analysis of above chart. Major Resistance Level: 10600 & 11000. Major Support Levels:- 10400 followed by 10300 & 10000. 08/01/2018
Nifty Analysis WEEKLY PIVOTS
Fundamental Outlook
PARTICULAR
LEVELS
R4
10967.05
R3
10821.55
R2
10676.05
R1
10624.60
PP
10530.55
will provide further direction to the market.
P1
10479.10
Technical Outlook
P2
10385.05
Last week Nifty Jan Futures made a all time high of 10582 and closed at 10573.20 with the marginal gain of
P3
10239.55
P4
10094.05
Last week, equity benchmark index Nifty consolidated on higher level with the negative bias for the entire week and managed to sustain above the major support level of 10400. Fundamentally Nifty is still looking bullish due to continuous positive trends from FII & DII and on the expectation of positive outcomes of economic reforms taken by centre govt last year. Nifty traded with a PE Ratio range of 26.99 – 26.68 during the week and sustaining in this range from the last couple of months. FII & DII activity witnessed almost positive trend for the entire week & provided support to benchmark index to sustain on the higher levels. On Macroeconomic front; data like Infrastructure Output, M3 Money Supply, Bank Loan Growth, Deposit Growth, FX Reserves USD etc released last week but none of those able to put significant impact on the Index movement. For this week, economic data like CPI, Trade Balance and Industrial Production coupled with the FII & DII activity
0.15% on weekly basis. Nifty weekly charts survived without making not even 1% negative returns on weekly basis consecutively for the 5th week and continuously making higher highs.
Continued ….... 9
Copyright © 2017 Ways2Capital. All rights reserved
08/01/2018
Nifty Analysis WEEKLY STRATEGY
As we talk about in our previous report 10400-10500 level would be react as a major resistance zone and recently we seen market has been broken its resistance area with higher volume and open interest indicating
PERTICULAR
TARGET
ACTION
Buy
ENTRY PRICE
Above 10600
TARGET
10750/ 10800
STOP LOSS
10498
building of long positions. All technical indicators are indicating bullish trend for short term to mid term. The India VIX, which measures the implied volatility of Nifty 50 options, was up 4.75% to 13.7350. Moving ahead, Nifty can resist by the level of 10670-10690.
TECHNICAL INDICATOR ANALYSIS INDICATOR
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.10600 it can test the level of Rs.10750/ 10800 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.10498
CURRENT TREND
20 Days EMA
POSITIVE
50 Days EMA
POSITIVE
200 Days EMA
POSITIVE
RSI
POSITIVE
MACD
POSITIVE
STOCHASTIC
POSITIVE Continued …....
10
Copyright © 2017 Ways2Capital. All rights reserved
08/01/2018
Bank Nifty Analysis Technical Outlook
WEEKLY STRATEGY
Last week Bank Nifty Jan Futures made a high of 25668.30 and closed at 25363.50 with the marginal gain of 0.3% on weekly basis. It’s consolidating near to its important resistance level of 25800 from last 15 days & also sus-
PERTICULAR
TARGET
taining above the 50 Days SMA. It’s forming very good consolidation on the charts with positive RSI and techni-
ACTION
Buy
ENTRY PRICE
Above 25700
TARGET
26000/ 26200
STOP LOSS
25495
cally for this week, traders can go for buy in it from the lower levels as we are expecting good upside movement in it.
WEEKLY PIVOTS PARTICULAR
LEVELS
R4
26673.05
R3
26292.30
R2
25911.55
R1
25774.05
PP
25530.80
P1
25393.30
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.27500 it can test the
P2
25150.05
level of Rs.26000/ 26200 during the week. Trades can make buy position in it by maintaining a Stop Loss of
P3
24769.30
Rs.25495
P4
24388.55
11
Copyright © 2017 Ways2Capital. All rights reserved
08/01/2018
NBCC ( Call of the Week Cash) Technical Outlook
WEEKLY STRATEGY
NBCC almost fall 20% from its life time high of Rs.291.30 in the month of Nov-Dec 17 and last week traded in the range of 242 – 252. Last week, we saw recovery in it from the lower levels and it’s forming good bullish candlestick pattern also. Currently it’s sustaining above the downward trend line breakout with the continuous increase in the volume, which is indicating buying formation on the charts & for this week, we can go for buy in it.
PERTICULAR
DETAILS
ACTION
Buy
ENTRY PRICE
Above 253
TARGET
263
STOP LOSS
245
WEEKLY PIVOTS
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.253 it can test the level of Rs.263 upside during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.245. 12
Copyright © 2017 Ways2Capital. All rights reserved
PARTICULAR
LEVELS
R4
279.05
R3
268.90
R2
258.75
R1
254.70
PP
248.6
P1
244.55
P2
238.45
P3
228.30
P4
218.15 08/01/2018
JAMNAAUTO ( Call of the Week Cash) Technical Outlook
WEEKLY STRATEGY
JAMNAAUTO is consolidating near to its life time high of Rs.87.80 from last 15 days with above average vol-
PARTICULAR
TARGET
ume. It almost witnessed 2.5 % in last week and also trading in the overbought zone of RSI (currently around
ACTION
Buy
ENTRY PRICE
84
TARGET
86.5
STOP LOSS
82.4
73). It’s forming very good consolidation on the charts with positive bias and technically for the next week, traders can go for buy in it from the lower levels as we are expecting good upside rally in it.
WEEKLY PIVOTS
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.84 it can test the level of Rs.86.50 upside during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.82.50 13
Copyright © 2017 Ways2Capital. All rights reserved
PARTICULAR
LEVELS
R4
97.90
R3
92.65
R2
87.40
R1
85.25
PP
82.15
P1
80.00
P2
76.90
P3
71.65
P4
66.40 08/01/2018
INDIACEM ( Call of the Week Futures ) Technical Outlook
WEEKLY STRATEGY
Last week INDIACEM broke its major resistance level of Rs.199.10 and closed at Rs. 199.05 with overall gain of
PARTICULAR
TARGET
8.50%. It’s still trading near to its major psychological resistance level of Rs.200 after the downward trend line
ACTION
Buy
ENTRY PRICE
202
TARGET
208
STOP LOSS
199
breakout. Currently it’s sustaining above the downward trend line breakout with the continuous increase in the volume and RSI, which is indicating buying formation on the charts & for this week, we can go for buy in it.
WEEKLY PIVOTS PARTICULAR
LEVELS
R4
264.30
R3
240.65
R2
217.00
R1
208.45
PP
193.35
P1
184.80
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.202 it can test the
P2
169.70
level of Rs.208 upside during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.199
P3
146.05
P4
122.40
14
Copyright © 2017 Ways2Capital. All rights reserved
08/01/2018
CESC ( Call of the Week Futures) Technical Outlook
WEEKLY STRATEGY
CESC sustaining on higher levels from last 2-3 months and currently trading above the major psychological resistance level of Rs.1000. Last week it made a high of Rs.1106.50 and closed at Rs.1092.55 with the overall gain of 3.5% on weekly basis. It’s forming very good consolidation on the charts with overbought RSI (currently around 70) and technically for the next week, traders can go for buy in it from the lower levels as we are expecting good upside rally in it.
PARTICULAR
TARGET
ACTION
Buy
ENTRY PRICE
1106.5
TARGET
1126.65
STOP LOSS
1095.9
WEEKLY PIVOTS PARTICULAR
LEVELS
R4
1251.30
R3
1195.25
R2
1139.20
R1
1115.85
PP
1083.15
P1
1059.80
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.1106.50 it can test
P2
1027.10
the level of Rs.1126.95 upside during the week. Trades can make buy position in it by maintaining a Stop Loss of
P3
971.05
P4
915.00
Rs.1095.90 15
Copyright © 2017 Ways2Capital. All rights reserved
08/01/2018
Disclaimer LEGAL DISCLAIMER 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 assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only. 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 this connection. This document is not to be considered as an offer to sell or a solicitation to buy any securities or commodities. 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. Any investment in 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. Any investment in 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.
DISCLOSURE 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. 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.
DISCLOSURE APPENDIX: 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.
DISCLOSURE IN TERMS OF CONFLICT OF INTEREST: (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; (b) 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, (c) 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;
DISCLOSURE IN TERMS OF COMPENSATION: 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.
DISCLOSURE IN TERMS OF PUBLIC APPEARANCE: (a) High Brow Market Research Pvt. Ltd. or its associates have not received any compensation from the subject company in the past twelve months; (b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report. (c) High Brow Market Research Pvt. Ltd. or its associates has never served as an officer, director or employee of the subject company; (d) High Brow Market Research Pvt. Ltd. has never been engaged in market making activity for the subject company.
16
Copyright Š 2017 Ways2Capital. All rights reserved
08/01/2018