WEEKLY EQUITY REPORT
Equity Market Overview Web: www.ways2capital.com | Mail: info@ways2capital.com | Call: 0731-6554125
TECHNICAL VIEW NIFTY MOVING AVERAGE 21 DAYS 50 DAYS
100 DAYS
200 DAYS
7103
6563
6284
BANK NIFTY MOVING AVERAGE 21 DAYS 50 DAYS
100 DAYS
200 DAYS
17387
12157
11387
PP 7250
S1 7206
S2 7108
PP 7322
S1 7133
S2 6743
PP 7172
S1 6719
S2 5246
PP 14852
S1 14582
S2 13952
6886
13438
DAILY NIFTY PIVOT REPORT R2 7392
R1 7277
WEEKLY NIFTY PIVOT REPORT R2 R1 7902 7422
MONTHLY NIFTY PIVOT REPORT R2 9098
R1 7682
DAILY BANK NIFTY PIVOT REPORT R2 15752
R1 15030
WEEKLY BANK NIFTY PIVOT REPORT R2 R1 PP 16888 15325 15004
S1 14383
S2 13120
MONTHLY BANK NIFTY PIVOT REPORT R2 R1 PP 20795 16181 14519
S1 13043
S2 8243
Equity Market Overview Web: www.ways2capital.com | Mail: info@ways2capital.com | Call: 0731-6554125
NSE EQUITY DAILY LEVELS COMPANY NAME
R3
R2
R1
PP
S1
S2
S3
ACC
EQ
1443
1413
1396
1383
1366
1353
1323
ALBK
EQ
148
138
134
127
123
117
106
AMBUJACEM
EQ
229
222
217
214
209
206
198
ASIAN PAINT
EQ
557
547
544
538
534
529
520
AXISBANK
EQ
1926
1892
1878
1859
1845
1825
1792
BAJAJ-AUTO
EQ
2049
2014
1995
1980
1960
1945
1911
BANKBRODA
EQ
1015
980
967
946
933
911
877
BANKINDIA
EQ
402
371
357
339
326
308
276
BHEL
EQ
300
286
279
272
265
258
243
BHARTIARTL
EQ
370
356
349
341
335
327
312
CIPLA
EQ
406
397
393
388
385
380
371
COALINDIA
EQ
427
417
406
402
395
391
385
DLF
EQ
238
227
225
217
211
206
195
DRREDDY
EQ
2384
2342
2325
2300
2283
2259
2217
GAIL
EQ
452
438
431
424
417
410
396
GRASIM
EQ
3209
3096
3048
2983
2935
2870
2757
HCLTECH
EQ
1406
1371
1356
1336
1321
1301
1267
HDFC
EQ
970
950
970
929
920
909
889
HDFCBANK
EQ
832
812
800
791
780
771
751
HEROMOTOCO
EQ
2368
2341
2322
2295
2249
HINDALCO
EQ
167
160
156
152
148
145
138
HINDUNILVR
EQ
586
574
568
563
556
552
540
ICICIBANK
EQ
1508
1483
1472
1458
1447
1433
1409
ITC
EQ
361
352
347
344
339
335
327
INDUSIND BANK
EQ
619
592
576
565
549
538
511
INFY
EQ
3401
3243
3156
3084
2997
2925
2765
JINDALSTEL
EQ
372
347
322
311
287
286
273
JPASSOCIAT
EQ
84
80
79
77
76
74
70
KOTAKBANK
EQ
933
908
893
883
868
858
833
LT
EQ
1581
1544
1529
1506
1491
1468
1431
M&M
EQ
1218
1185 1172
1152
1139
1119
1086
MRF
EQ
23946
23518
23330
23090
22902
22662
22234
MARUTI
EQ
2627
2489
2437
2351
2299
2213
2075
ONGC
EQ
440
422
415
403
396
385
366
ORIENTBANK
EQ
424
370
346
331
308
269
RANBAXY
EQ
462
451
445
441
435
430
420
RCOM
EQ
155
149
147
143
141
137
131
RELCAPITAL
EQ
605
578
567
551
540
524
497
2433 2387
385
Equity Market Overview Web: www.ways2capital.com | Mail: info@ways2capital.com | Call: 0731-6554125
RELIANCE
EQ
1180
1150
1138
1120
1108
1090
1060
RELINFRA
EQ
763
743
735
723
715
703
683
RPOWER
EQ
101
98
97
95
94
92
89
SBIN
EQ
3235
2955
2854
2675
2574
2395
2115
SESAGOA
EQ
287
276
272
266
262
256
246
SUNPHARMA
EQ
597
590
587
583
580
576
569
TATAMOTORS
EQ
461
446
439
432
424
417
402
TATAPOWER
EQ
117
110
108
104
101
97
91
TATASTEEL
EQ
504
490
484
476
470
463
449
UNIONBANK
EQ
257
241
236
224
218
207
191
NSE - WEEKLY NEWS LETTERS SBI hits three-year high as Q4 profit beats Street The stock has moved higher by nearly 6% to Rs 2,653, its highest level since May 2011 on the National Stock Exchange. State Bank of India (SBI) has moved higher by nearly 6% to Rs 2,653, its highest level since May 2011, after reporting a better-than-expected net profit of Rs 3,041 for the quarter ended March 31, 2014 (Q4FY14). Analysts, on an average, had expected net profit of Rs 2,787 crore from the country’s largest state-owned lender. The bank had reported a profit of Rs 3,299 crore in the same quarter last year. Sebi raises cash transaction limit in MFs to Rs 50,000 Investors without Permanent Account Number (PAN) can now put as much as Rs50,000 in mutual funds in cash every year. Sebi on Thursday said it was increasing the limit for cash investments to Rs50,000 from Rs20,000.The move is aimed at helping mutual funds sell products in small towns and rural areas, where transactions happen in cash rather than through banks. Sundaram Finance sells Cibil stake to TransUnion stake to 55% Global credit and information services company TransUnion has picked up an additional 7.5% stake in Cibil to take its holding in the country's largest credit information company to a majority 55%.
Equity Market Overview Web: www.ways2capital.com | Mail: info@ways2capital.com | Call: 0731-6554125
RBI eases gold import norms The Reserve Bank of India (RBI), on Wednesday, allowed star trading houses (STH) and premier trading houses (PTH) to import gold under the 20:80 scheme. This follows representations made by jewellers and bullion dealers over the last several months. According to the guidelines of the scheme, importers can buy gold provided a fifth of the imported quantum is exported as finished products like jewellery. The RBI has also permitted banks to provide gold metal loans (GML) to domestic jewellery manufacturers out of the eligible domestic import quota to the extent of GML outstanding on their books as on March 31, 2013. Flipkart acquires Myntra in India's biggest e-commerce deal Flipkart India, India’s biggest e-commerce player, said on Thursday it will buy out rival Myntra.com in a move that will help the retailer consolidate its position in the online multi-brand retail sector and take on competitors like Amazon.com that are beefing up their presence in the $3-billion Indian market. LIC India sells 2.53% stake in Maruti Suzuki The country's largest car maker Maruti Suzuki India today said Life Insurance Corporation of India has sold 2.53 per cent stake in the company over a period of almost six months. LIC sold 62,23,598 equity shares, representing 2.53 per cent, of MSI between November 21, 2012, and May 17 this year. PFS plans to double its loan book with an aggressive approach PTC Financial Services (PFS), a state power financing company, has followed a conservative path while lending over the last few years - it used to lend to one out of every seven projects it got. But with an improved outlook and talk of an economic revival, PFS is planning a more aggressive approach and looking to double its loan book in 15 months. "Our book size is only Rs5,000 crore at present, which will become Rs10,000 crore by June 2015," said Rajender Mohan Malla, CEO and MD HDFC Bank to raise up to Rs. 10,000 cr from share sale Private sector lender HDFC Bank proposes to raise about Rs. 10,000 crore from share sale to fund its growth. The bank's board at its meeting on May 19 decided to seek an enabling approval of the shareholders to raise the equity share capital of the bank by up to an aggregate sum of Rs. 10,000 crore including share premium amount, HDFC Bank said in a BSE filing. Equity Market Overview Web: www.ways2capital.com | Mail: info@ways2capital.com | Call: 0731-6554125
India's Sun Pharma response to import ban inadequate: US FDA ndian generic drugmaker Sun Pharmaceutical Industries Ltd's response to an import ban on one of its plants lacked "sufficient corrective actions," the U.S. Food and Drug Administration said in a warning letter published on Tuesday. The FDA banned imports from Sun Pharma's Karkhadi plant in Gujarat state in March, but the reason for the ban was not clear at that time. ICICI bank cuts home loan rates by up to 15 basic points ICICI bank has cut home loan rates for women and salaried individuals by 15 and 10 basis points, respectively. Home loans up to Rs 75 lakh will be available at 10.1% for women and 10.15% for salaried men as against 10.25% earlier. IRDA seeks to demat life covers The Insurance Regulatory and Development Authority ( IRDA) is considering making it mandatory for life insurance companies to issue policies in dematerialized form from later this year. In the short term, it will make it mandatory for life companies to link up their systems to insurance repositories and provide policyholders with an option to hold policies in electronic form. TC Q4 net up 18 per cent to Rs 2,278 cr Kolkata: Cigarettes-to-hotels major ITC LtdBSE -0.77 % on Friday said net profit jumped 18% in the quarter to March to Rs 2,278.01 crore on higher sales. The company net sales grew 11.8% to Rs 9,145.14 crore during the three months. Yes Bank raises USD 500 mn through QIP private sector lender Yes Bank has raised USD 500 million through an institutional placement of shares for funding its expansion, sources said.The global Qualified Institutional Placement (QIP) of shares received a response of USD 2.5 billion, getting oversubscribed by five times the offer size, they said. Kotak Trustee Co sells 3.24% stake in Kotak Mahindra Bank Kotak Mahindra Bank Ltd (KMBL) announced in Mumbai that Kotak Trustee Company Private Limited, a promoter group entity, has sold approximately 2.5 crore shares amounting to around 3.24% shareholding in KMBL. The Bank had received a communication from the Reserve Bank of India (RBI) to bring down its promoter shareholding to 40 percent by September 30, 2014 as Equity Market Overview Web: www.ways2capital.com | Mail: info@ways2capital.com | Call: 0731-6554125
per estimates provided by the Bank. The present sale reduces shareholding of the promoters to 40.33 percent. Kotak Group's – promoter group's - total stake is 43.5 percent. Infosys president BG Srinivas resigns BANGALORE: Infosys president and board member BG Srinivas has resigned from the company marking the eleventh top-level exit in the company since NR Narayana Murthy's return to the helm as executive chairman in June last year. Srinivas's sudden exit comes at a time when he was seen as a front-runner for the CEOs post. His resignation is effective June 10. M&M posts Q4 profit at Rs 897 cr, tractor margin up 180 bps Utility vehicle maker Mahindra and Mahindra (M&M) has reported a 0.9 percent growth in net profit of Rs 896.9 crore in the quarter ended March 2014, driven by tax reversal and income from sale of investments. Net profit in the year-ago period was Rs 889.2 crore. J&K Bank crashes 20% on report of undisclosed stressed loan Shares of J&K Bank crashed 20 percent intraday on Friday on media reports indicating that the bank has undisclosed amount of Rs 2500 crore as stressed loan. “In its latest balance sheet, three loans amounting to Rs 1100 crore -which by regulatory and prudential norms are non-performing assets (NPAs) - have not been classified and declared so by the Bank. The Audit Committee of the Board has also not objected to this ‘fraudulent balance sheet management’, indicating their complicity,” the report said. FDI hike possibility fires up defence equipment makers Shares of defence equipment manufacturers have rallied on the hope of a possible hike in foreign direct investment in the defence sector to 100% from the current 26%. Among individual stocks, Pipavav Defence and Offshore Engineering rallied 5%, while BEML and Bharat Electronics (BEL) moved up and 7% and 3%, respectively. DLF gains on strong Q4 results DLF, India's largest realty company, soared 2% to Rs 208 on the BSE after posting a net profit of Rs 410 crore for the quarter ended March 31, 2014 compared to Rs 196 crore in the year-ago period.Furthermore, the total income increased from Rs 1004 crore for the quarter ended March 31, 2013 to Rs 1076 crore for the Equity Market Overview Web: www.ways2capital.com | Mail: info@ways2capital.com | Call: 0731-6554125
quarter ended March 31, 2014. Sebi 'red card' for brokers with bad record The Securities and Exchange Board of India (Sebi) is planning to rate stock brokers on their track record in key operational parameters. The proposed ‘risk profiling’ system is aimed at increasing transparency and helping equity investors understand their investment advisors better. Reliance Industries turns to African crude in shale boom spin-off NEW DELHI: Reliance Industries is boosting crude imports from Africa and cutting its dependence on the Middle East as the owner of the world's biggest refining complex seeks to benefit from shifting global oil flows caused by the US shale boom. African and Latin American crude, which together account for about 56 per cent of Reliance's imports now, have become cheaper as the United States slows purchases and increasingly turns to domestic shale oil, while Middle Eastern heavy crude grades are pricier due to demand from regional refinery expansions. 10-yr bond yield off lows; bond sale outcome watched The benchmark 10-year bond yield off lows at 8.64 per cent compared with Thursday's close of 8.67 per cent as traders make way ahead of the bond auction outcome due later in the session, but fall seen limited. A Reuters poll showed the central bank may set 8.65 per cent cut-off for the new 14-year bond, which is part of the 160-billion-rupee ($2.71 billion) auction. Network 18 rallies 17 per cent as RIL set to take control MUMBAI: Shares of Network18 Media & Investments and TV18 Broadcast surged in trade after Reliance Industries announced it will acquire control in Network 18 Media & Investments Ltd, including its subsidiary TV18 Broadcast Ltd for Rs 4,000 crore. The RIL Board has approved funding of up to Rs 4,000 crore to Independent Media Trust (IMT), of which RIL is the sole beneficiary, for acquisition of control in Network 18 Media & .. Tata Steel may face higher raw material costs due to shutdown of mines in Odisha Moody's Investors Service has said that if Tata Steel's (Ba3 negative) seven mines in Odisha stay closed for over a year, the company's only operational crude steel Equity Market Overview Web: www.ways2capital.com | Mail: info@ways2capital.com | Call: 0731-6554125
making facility in India will likely face higher raw material costs and lower EBITDA (earnings before interest, taxes, depreciation and amortization) levels. The orders come close on the heels of the iron ore mining shutdowns in Karnataka and Goa, inspired by the outcome of the Shah Commission report and investigation into illegal mining. ONGC claims RIL tapped Rs 30,000 crore gas from its Krishna-Godavari field State-run Oil and Natural Gas Corporation on Thursday claimed before the Delhi high court it has suffered loss of Rs 30,000 crore as a result of Reliance Industries Ltd exploiting - an euphemism for siphoning - gas from its block in the Krishna-Godavari basin. HDFC seeks to raise Rs 1000 crore via bonds The Housing Development Finance Corporation (HDFC), India's largest mortgage lender, on Wednesday launched its first private bond issue in 2014-15 to raise up to Rs 1,000 crore, offering about 9.13% for a 366-day maturity. The issue came after a 2-month lull as firms were seeking exemption on certain redemption reserve requirements under the amended Companies Act. On the first day, the company raised about Rs 850 crore, according to merchant bankers familiar with the development.
Equity Market Overview Web: www.ways2capital.com | Mail: info@ways2capital.com | Call: 0731-6554125
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.
Equity Market Overview Web: www.ways2capital.com | Mail: info@ways2capital.com | Call: 0731-6554125