Equity report 09 oct 2014 by ways2capital

Page 1

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TECHNICAL VIEW MOVING AVERAGE 21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

8082

7902

7036

7669

BANK NIFTY

16052

15651

15337

13458

✍ NIFTY PIVOT REPORT DAILY

R2 8476

R1 8155

PP 7995

S1 7835

S2 7515

WEEKLY

R2 8907

R1 8323

PP 8031

S1 7739

S2 7155

MONTHLY

R2 8977

R1 8351

PP 8038

S1 7725

S2 7099

✍ BANK NIFTY PIVOT REPORT DAILY

R2 17142

R1 16114

PP 15600

S1 15086

S2 14058

WEEKLY

R2 19005

R1 16829

PP 15741

S1 14653

S2 12477

MONTHLY

R2 19252

R1 16928

PP 15766

S1 14604

S2 12280

NSE EQUITY DAILY LEVELS COMPANY

R3

R2

R1

PP

S1

S2

S3

ACC ALBK

EQ 1575 EQ 125

1552 122

1539 121

1528 119

1515 118

1505 117

1481 114

AMBUJACEM ASIAN PAINT AXISBANK BAJAJ-AUTO BANKBRODA BANKINDIA BHEL BHARTIARTL CIPLA

EQ EQ EQ EQ EQ EQ EQ EQ EQ

217 680 422 2388 932 295 227 414 604

216 674 419 2369 925 292 224 411 597

214 664 416 2345 919 289 222 408 586

213 658 413 2325 912 286 218 405 580

211 649 411 2301 906 283 216 402 569

208 633 405 2257 893 277 211 397 551

221 695 427 2432 954 301 233 420 622

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COALINDIA DLF DRREDDY GAIL GRASIM HCLTECH HDFC HDFCBANK HEROMOTOCO HINDALCO HINDUNILVR ICICIBANK ITC INDUSIND BANK INFY JINDALSTEL KOTAKBANK LT M&M MRF MARUTI ONGC ORIENTBANK RANBAXY RCOM RELCAPITAL RELIANCE RELINFRA RPOWER SBIN SESAGOA SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL UNIONBANK ACC

EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ EQ

373 181 3051 481 3710 1673 1075 871 2845 182 778 1599 363 644 3790 247 1094 1649 1418 32945 3054 447 292 665 117 573 1041 728 78.90 2656 296 868 528 93.35 531 221 1575

365 178 3009 471 3666 1648 1061 862 2789 175 768 1582 358 636 3732 241 1079 1617 1397 32171 3003 438 286 636 113 560 1028 711 77.25 2628 291 837 522 91.70 524 215 1552

361 177 2984 466 3647 1633 1056 858 2768 171 763 1574 357 631 3699 238 1072 1597 1388 31793 2984 432 283 623 111 552 1020 700 76.15 2614 289 823 519 90.65 521 213 1539

358 175 2967 461 3623 1623 1047 853 2733 169 758 1565 354 629 3674 236 1064 1586 1377 31397 2952 429 280 606 110 547 1016 693 75.60 2601 287 805 516 90.05 517 210 1528

353 174 2942 456 3603 1608 1042 849 2712 165 753 1557 352 624 3641 233 1056 1565 1368 31019 2933 423 277 594 107 539 1008 682 74.50 2587 285 791 513 89.05 514 208 1515

350 172 2925 451 3580 1598 1033 844 2678 163 748 1548 349 621 3616 230 1047 1554 1357 30623 2901 420 274 577 106 534 1003 676 73.95 2573 283 773 510 88.40 511 205 1505

342 169 2883 441 3537 1572 1019 836 2622 156 738 1531 344 614 3558 225 1034 1523 1337 29849 2850 411 268 548 103 521 991 658 72.30 2546 278 742 504 86.75 504 199 1481

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NSE WEEKLY NEWS UPDATE ✍ RBI keeps rates on hold, warns on inflation The Reserve Bank of India (RBI) kept its key policy repo rate unchanged at 8.0% on Tuesday, as widely expected, while expressing concerns about risks to its target to bring consumer inflation down to 6% by January 2016. The RBI also kept both the statutory liquidity ratio (SLR) and the cash reserve ratio (CRR) unchanged. SLR is the minimum bond holding requirements that lenders must set aside, while CRR determines the percentage of bank deposits that must be kept at the central bank.

✍ External debt jumps $12.6 billion to $346.6 billion in Q1 The country's international investment position (IIP) has deteriorated during the June quarter as net claims of non­residents rose $12.6 billion to $346.6 billion following a sharper rise in the value of foreign­owned assets in the country vis­a­vis rise in the value of residents' financial assets abroad. "Net claims of non­residents on the country, as reflected by the net IIP, rose $12.6 billion to $346.6 billion at the end of the June quarter from the previous quarter," the Reserve Bank has said.

✍ Maruti Suzuki India September sales up 4.6% at 1,09,742 units The country's largest carmaker Maruti Suzuki India on Wednesday reported 4.6 per cent increase in its total sales in September 2014 at 1,09,742 units as against 1,04,964 units in the same month previous year. Domestic sales during the month stood at 99,290 units, up 9.8 per cent from 90,399 units in September previous year, Maruti Suzuki India (MSI) said in a statement.

✍ SBI reduces fixed deposits rates Deposit rates have started moving down even as Reserve Bank of India governor

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Raghuram Rajan on Tuesday kept rates unchanged. State Bank of India said that it has reduced rates on term deposits up to 45 days by one percentage point to 6% ­ the second downward revision in a month.

✍ Hero MotoCorp touches 6 lakh sales dispatches in September Hero MotoCorp (HMCL), the world's largest two­wheeler manufacturer, said on Tuesday that it has clocked 6­lakh units of two­wheelers in dispatch sales this month. This is a growth of more than 30% over the corresponding month last year, when the company had sold 468,670 units of two­wheelers. The company said in a statement that as dispatches will continue till midnight of Tuesday, it is expecting the final tally for the month to be higher.

✍ Kotak Bank buys FTIL’s 15% in MCX Kotak Mahindra Bank on Monday completed the deal to buy out 15% stake held by Financial Technologies (FTIL) in Multi Commodity Exchange (MCX) for Rs 459 crore. With this, FTIL — which set up MCX in 2003 — has completely exited from the commodity bourse, the largest in India, under directions from the sector regulator Forward Markets Commission. The FMC direction came in the backdrop of the Rs 5,600­crore scam on the NSEL, of which FTIL is a promoter. Kotak Mahindra Bank bought 76,49,755 shares of MCX at Rs 600 apiece. On Monday, the MCX stock closed at Rs 816 on the BSE — a premium of 36% over the deal price.

✍ Mahindra sales up 4% in Sept Auto major Mahindra & Mahindra today reported 3.7% increase in total sales at 44,911 units in September.It had sold 43,289 units in the same month last year, the company said in a statement.M&M's domestic sales grew by 4.5% to 42,408 units last month as against 40,574 units a year earlier.

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✍ FIIs net investment in equities sinks to Rs 5,100 cr in Sept Overseas investors have pumped in a little over Rs. 5,100 crore in Indian equity markets in September, making it the lowest net investment in seven months. Foreign investors were gross buyers of equities worth Rs. 93,493 crore last month, while they sold shares amounting to Rs. 88,391 crore — translating into a net investment of Rs. 5,102 crore (USD 845 million) for the period, as per the latest data. This was the lowest net investment by foreign investors in equity markets since February when they had infused Rs. 1,404 crore.

✍ Three of top 10 Sensex companies add Rs 38,768 crore to market capitalisation Three of the top­10 Sensex firms added Rs 38,768.45 crore to market capitalisation last week, with IT major TCS emerging as the biggest gainer. While TCS, InfosysBSE 2.66 % and Sun PharmaBSE 0.37 % saw gains in their market valuation, ONGC, RIL, ITC, CIL, HDFC Bank, SBI and ICICI Bank saw erosion in their m­cap. The cumulative loss of these seven firms stood at Rs 26,925.45 crore.

✍ Indian companies raise Rs 4,500 crore via NCDs Indian companies have mopped up close to Rs 4,500 crore via retail issuance of non­ convertible debentures (NCDs) till September 18 in the current fiscal, primarily to meet their working capital requirements. The capital mopped up through this route exceeded the targets during the April­September 18 period of 2014­15. NCDs are loan­linked bonds that can't be converted into stock and usually offer higher interest rates than convertible debentures.

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This Document has been prepared by Ways2Capital (A Division of High Brow Market Research Investment Advisory 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.

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