Equity report by ways2capital 05 jan 2015

Page 1


TECHNICAL VIEW MOVING AVERAGE 21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY BANK NIFTY

8351 18026

8148 16875

7667 15530

8414 18560

NIFTY PIVOT REPORT DAILY

R2 8692

R1 8524

PP 8440

S1 8356

S2 8188

WEEKLY

R2 8970

R1 8594

PP 8406

S1 8218

S2 7887

MONTHLY

R2 8991

R1 8599

PP 8403

S1 8011

S2 7816

BANK NIFTY PIVOT REPORT DAILY

R2 19690

R1 19348

PP 19177

S1 19006

S2 18664

WEEKLY

R2 20897

R1 19583

PP 18926

S1 18269

S2 16955

MONTHLY

R2 20583

R1 19571

PP 18849

S1 18559

S2 17547

NSE EQUITY DAILY LEVELS COMPANY

R3

R2

R1

PP

S1

S2

S3

ACC ALBK

EQ 1471 EQ 134

1446 137

1436 141

1420 133

1410 130

1395 128

1369 124

AMBUJACEM ASIAN PAINT AXISBANK BAJAJ-AUTO BANKBRODA BANKINDIA

EQ EQ EQ EQ EQ EQ

233 799 526 2497 1111 247

232 787 541 2474 1103 243

230 769 510 2453 1094 241

228 757 505 2430 1086 237

226 739 495 2408 1076 235

222 708 480 2364 1059 229

237 829 520 2542 1128 252


BHEL BHARTIARTL CIPLA 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

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 EQ EQ

289 374 648 396 146 3281 456 3680 1645 1261 999 3159 165 784 382 374 839 2095 175 1311 1600 1272 39029 3429 365 354 644 86 522 912 547 66 323 232 839 366 87 423 252

281 369 640 389 142 3254 450 3573 1626 1209 980 3131 162 771 370 371 828 2048 168 1290 1562 1251 38610 3396 357 345 636 84 511 900 533 64 319 227 833 353 85 416 247

278 367 635 385 140 3237 447 3534 1616 1190 972 3114 161 763 366 369 822 2030 165 1280 1548 1238 38401 3378 353 340 632 83 505 892 525 63 317 224 829 347 83 413 243

273 364 632 382 139 3226 445 3466 1608 11158 961 3102 159 758 359 368 817 2001 161 1269 1525 1230 38191 3364 348 336 628 82 501 888 518 63 315 222 826 340 82 409 241

270 362 627 378 137 3210 442 3427 1597 1139 954 3086 158 750 355 366 810 1983 158 1260 1511 1216 37982 3345 344 331 624 82 494 881 510 62 313 219 823 335 81 406 237

265 359 624 376 135 3198 439 3359 1589 1106 942 3074 157 744 347 365 805 1954 154 1248 1487 1209 37772 3331 340 327 620 81 490 876 503 61 312 216 820 328 80 402 235

257 354 615 369 131 3171 434 3252 1570 1054 923 3045 154 731 336 362 794 1907 147 1228 1450 1187 37353 3299 331 318 612 79 480 865 488 60 308 211 813 315 79 395 229


NSE WEEKLY NEWS UPDATE ✍ Bank Nifty index surges to record high Banking stocks surged, with the Bank Nifty Index hitting a record high on hopes of faster reforms in the sector ahead of a two-day industry meet that starts on Friday.The one-of-a-kind retreat, spearheaded by Prime Minister Narendra Modi along with central bank Governor Raghuram Rajan and Finance Minister Arun Jaitley, will include all top bankers to address issues such as consolidation, bad loans, financial inclusion and capital needs.Bank Nifty is up 1.58% or 297 points at 19,047, touching a record high of 19,056 during the intra-day trades.The benchmark CNX Nifty is up 1.26% or 104 points at 8,388.

✍ Tata Motors' sales up 10% in December Tata Motors today reported 10 per cent increase in total sales at 41,734 units in December, as against 37,836 units in the same month last year. Domestic sales of Tata commercial and passenger vehicles grew by 8 per cent at 37,776 units as compared to 35,010 units in December 2013, Tata Motors said in a statement. Sales of passenger vehicles in the domestic market in December stood at 12,040 units, up 30 per cent from 9,272 units in December 2013.

✍ Maruti's December sales jump 20.8 pc; shares up Country's largest car-maker Maruti Suzuki India (MSI) on Thursday reported a 20.8 per cent increase in total sales in December at 1,09,791 units. The car maker had reported sales of 90,924 units in the same month last year. Following the release of strong sales numbers, shares of Maruti were trading 0.50 per cent higher at Rs 3,344 in an otherwise weak general market.

✍ SpiceJet extends flight cancellations till January 31 Cash-strapped carrier SpiceJet has extended its cancellations till next month affecting over 300 flights, but the government on Tuesday made it clear that the airline will have to itself resolve its financial woes. Meanwhile, the Airports Authority of India (AAI) is likely to put SpiceJet on the pre-payment mode from Wednesday midnight as the earlier deadline of the two-weeks credit window ends on Wednesday.


✍ RINL gets Sebi's nod for IPO State-run Rashtriya Ispat Nigam Ltd (RINL) has received market regulator Sebi's approval to raise funds through an initial public offer (IPO). The steel maker had filed its draft papers with the Securities and Exchange Board of India (Sebi) for the proposed public offer in September. Sebi issued its final 'observations' on the draft red-herring prospectus (DRHP) documents on December 22, according to the latest update by the capital markets regulator. Under the proposed IPO, the government would offload 48,89,84,620 shares through an offer for sale, of which 35 per cent will be reserved for retail investors and 50 per cent for qualified institutional buyers.

✍ RIL completes Network18 open offers for Rs 17 crore In a New Year gift to its shareholders, Reliance Industries (RIL) completed its long-drawn acquisition of Network18 without breaking a sweat, at a fraction of the costs originally proposed. The open offers of Network18 Media & Investments and TV18 Broadcast, expected to cost about Rs 2,200 crore, were completed at a total expenditure of Rs 17 crore as very few investors tendered their shares in the offer, according to exchange filings by the two media firms on Thursday.The conclusion of the open offers marks the end of a three-year, multi-level acquisition process that began with an announcement in January 2012. In a three-way deal, RIL initially infused funds through a rights issue to help finance a buyout of some channels of the Ramoji Rao-owned ETV Network. It initially controlled the investment through an independent trust, used to acquire direct control of equity last year, resulting in the open offers.

✍ Saksoft rallies 43.9% in two days Saksoft was locked at 20% upper circuit at Rs 191.50 on BSE, with the stock extending recent rally triggered by the company acquiring 51% stake in Threesixty Logica Testing.On BSE, so far 18,000 shares were traded in the counter as against average daily volume of 2,965 shares in the past one quarter.The stock hit a low of Rs 168 so far during the day. The stock had hit a 52week high of Rs 197 on 13 October 2014. The stock had hit a 52-week low of Rs 64 on 2 January 2014.The stock had outperformed the market over the past one month till 1 January 2015, jumping 8.57% compared with the Sensex's 3.68% fall. The scrip had also outperformed the market in past one quarter, surging 14.29% as against Sensex's 3.54% rise.

✍ BSE to move 45 scrips to ‘T’ group from Jan 6 The Bombay Stock Exchange has decided to transfer scrips of as many as 45 companies to the restricted trading segment from January 6 to safeguard the interests of investors.The stocks to


be moved to the ‘T’ group include White Diamond Industries, South Asian Enterprises, Adi Rasayan and Chambal Breweries & Distilleries Ltd.The stock exchange said that it would be shifting 45 scrips to the trade-for-trade or the ‘T’ group segment.Under the trade-for-trade segment, no speculative trading is allowed and delivery of shares and payment of the consideration amount are mandatory.These stocks would attract a price band of 5 per cent which would be the maximum permissible limit within which the share price can move.Also, BSE said that about 236 scrips, including Zodiac Ventures, Universal Credit & Securities, Oswal Overseas and Microse India, will continue to trade in the restricted trade segment.The NSE said in a circular that it will move ATN International, Birla Cotsyn (India) and NRB Industrial Bearings to the restricted trading category from January 6.

✍ SRF signs agreement with US company SRF signed a definitive agreement with El DuPont De Nemours and Company, US, on Wednesday with immediate effect. Under the transaction, SRF acquires Global DuPont Dymel HFC 134a pharma business, will own Du Font’s ‘Dymel’ brand and receive the technology and knowhow for setting up its own ‘current Good Manufacturing Practices’ facility for manufacturing HFC 134a pharma grade. DuPont will supply SRF the product from its existing facility till SRF’s facility is approved. The consideration for the transaction is $20 million payable in cash. SRF has two plants that manufacture technical grade HFC 134a. The SRF board has already approved the proposal. Shares of SRF closed little changed at ₹875.


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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