Equity research report 16 october 2017 ways2capital

TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES ) NIFTY FIFTY : Nifty futures and bank nifty future market closed at 10192 / 24732 according to technical analysis if nifty futures and bank nifty future moves up-word in upcoming treading sessions then 10287 / 24922 will be small resistance, if it break this level then nifty futures and bank nifty future can touch 10417 / 25419 level . it will be hard resistance. meanwhile in reveres there is small support on 10101 / 24132 for nifty futures and bank nifty future after breaking this support with volume there is big support for nifty futures and bank nifty future on 9897 / 23455.

Monday, 16 Oct 2017

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES )

NIFTY DAILY

WEEKLY

MONTHLY

R2

R1

PP

S1

S2

10441

10196

10074

9952

9707

R2

R1

PP

S1

S2

10492

10132

9953

9773

9414

R2

R1

PP

S1

S2

11376

10388

9894

9400

8413

R2

R1

PP

S1

S2

25511

24683

24269

23855

23027

R2

R1

PP

S1

S2

26001

24847

24270

23693

22540

R2

R1

PP

S1

S2

28747

25755

24260

22764

19772

BANK NIFTY DAILY

WEEKLY

MONTHLY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

10003

9964

9847

9387

BANK NIFTY

24426

24424

24081

22412

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

9703

8868

7558

BANK NIFTY

24891

20437

15833

PATTERN FORMATION ( NIFTY )

Detail of Chart - Nifty open at 9991 made high of 10219 .it shows upside movemnet in it ,can move further upward side next resistance for nifty is 1038.

PATTERN FORMATION ( BANK NIFTY )

Detail of Chart -Bank nifty open at 24176 made high of 24798 it move in upside rally it can move further upside movement can go upto the level of 25247 next resistance for bank nifty is 25017

NSE EQUITY DAILY LEVELS COMPANY NAME

R2

R1

PP

S1

S2

ACC ALBK

EQ EQ

1814 67

1804 66

1787 65

1777 64

1760 62

AMBUJACEM ASIAN PAINT AXISBANK BAJAJ-AUTO BANKBARODA BANKINDIA 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 RCOM RELCAPITAL RELIANCE RELINFRA RPOWER SBIN VEDL 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 EQ EQ EQ EQ EQ

283 1192 539 3284 141 141 85 473 617 294 177 2443 449 1172 938 1795 1887 3821 276 1310 279 272 1768 947 173 1108 1156 1403 64531 7986 174 118 18 553 907 472 43 256 343 559 707 84 723 130

281 1180 528 3261 140 139 84 463 611 292 175 2420 443 1157 931 1777 1870 3797 273 1295 277 270 1742 943 168 1096 1150 1385 64065 7916 173 116 17 544 892 466 42 254 339 5536 703 83 719 128

279 1173 521 3215 138 137 83 447 602 289 172 2388 438 1149 925 1761 1856 3782 270 1272 273 267 1720 938 165 1087 1145 1358 63583 8765 172 115 16 537 876 462 41 252 331 543 700 82 715 127

277 1161 511 3192 136 135 82 437 596 288 171 2365 432 1134 918 1744 1839 3758 268 1258 271 265 1693 934 160 1075 1140 1340 63117 7795 171 113 15 528 861 455 40 249 326 537 696 81 711 126

275 1154 504 3146 134 134 81 422 588 285 168 2333 427 1126 912 1728 1825 3743 265 1235 268 263 1671 929 156 1066 1134 1312 62635 7744 170 112 14 521 846 451 39 247 318 527 693 80 707 124

TOP 15 ACHIEVERS

SR.NO

SCRIPT NAME

//

PREV CLOSE

CMP

% CHANGE

TOP 15 LOOSERS

SR.NO

SCRIPT NAME

PREV CLOSE

CMP

% CHANGE

1

BHARTIAIRTEL

378.95

447.75

+18.16

1

KARUR VYSYA BANK

145.45

128.55

-11.62

2

BHARTIINFRATEL

298.50

463.40

+16.29

2

BOMBAY DYEING

224.90

199.45

-11.32

3

HINDALCO

249.50

270.80

+8.54

3

WELSPUN INDIA

70.50

63.60

-9.69

4

TATA CONSULTANCY

2454

2575

+4.95

4

HBL POWER SYSTEM

61.15

56.95

-6.87

5

RELIANCE

830.65

870.25

+4.77

5

JAIN IRRIGATION

99.65

93.30

-6.37

6

HINDUNILVR 1220

1220

1278

+4.73

6

INDIABULLS REAL ES

221.65

208.25

-6.05

7

HIND PETRO

440

460.50

+4.67

7

PUNJAB CHEM

418.55

393.80

-5.91

8

KOTAKMAHINDRA B

1049

14094

+4.20

8

RELIACNE CAPITAL

567.30

536.40

-5.45

9

M AND M

1304

1358

+4.12

9

ANDHRA BANK

57.60

55.00

4.51

10

BOSCH LTD

21276

22100

+3.87

10

ORIENAL BANK

120.15

115.10

-4.20

11

AUROBINDO PHARMA

729.10

757

+3.83

11

SBI LIFE

698.65

670.10

-4.09

12

COAL INDIA

281.35

290.65

+3.39

12

CENTRAL BANK

81.05

78.20

-3.52

13

CIPLA

585.55

604.80

+3.29

13

LAKSHMI VILAS BANK

148.60

143.55

-3.40

14

BHARAT PETROLEUM

481.25

496.70

+3.21

14

UNION BANK OF INDIA

131.65

127.35

-3.27

200.95

207.10

+3.06

15

HDIL

57.40

55.65

-3.05

15 POWER GRID

NEXT WEEK STARS( AS PER TECHNICAL ANALYSIS ) NSE FUTURE NSE FUTURE : BUY HAVELLS FUTURE ABOVE 546 TGT 580 SL 540 NSE FUTURE : BUY ASIAN PAINT FUTURE 1175 TGT 1275 SL 1150

NSE CASH NSE CASH : BUY RAIN IND CASH ABOVE 210 TGT 230 SL 200.

NSE CASH : BUY SPTL CASH ABOVE 95 TGT 100 SL 91

NSE - WEEKLY NEWS LETTERS � TOP NEWS OF THE WEEK LIST OF STOCKS THAT HAVE GIVEN A 200-DAY MOVING AVERAGE PRICE BREAKOUT/BREAKDOWN ON DAILY CHARTS - exponential moving average differs from the simple and weighted moving as a given day's ema is calculated by taking all days prior to current day into a calculation. Ideally to calculate 100 percent accurate ema we should make use of all the closing prices right from the time of listing of the stock. Significance of 200 days ema Long-term moving averages, such as the 200-day exponential moving average, are closely watched areas of support and resistance for stocks. A price move through a major moving average is often used as a sign from technical traders that a trend is reversing.

Following is the list of stocks that have given a 200-day ema price breakout/breakdown on daily charts.

STOCK Dredging corporation Bf utilities Reliance capital Max financial Zee entertainment Kaveri seeds Power grid The ge shipping

CMP 549.5 409.7 540.75 584 510.5 550.1 205.65 392.65

200day EMA

BREAK OUT

564.5 412.9 547.5 589.5 512 547.5 203.8 390.80

/BREAKDOWN Breakdown Breakdown Breakdown Breakdown Breakdown Breakout Breakout Breakout

*a breakdown is the term used when the stock is trading with a bearish outlook and a breakout is the term used when the stock is trading with a bullish outlook.

VITRA INTRODUCES WORLD CLASS BATHROOM SOLUTIONS TO INDIA - he leading bathroom solutions brand of eczacıbaşı building products division in turkey strengthens its presence in the indian market with its wide product range of internationally inspired sanitaryware, bathroom furniture, bathtubs and faucets. Recently, eczacıbaşı building products division held a meeting in istanbul with its growing business in India where the division plans to increase investments. With a wide range of products, manufacturing, and extensive distribution network, eczacıbaşı building products division, continues its’ international breakthrough as part of its growth strategy.Vitra is the only brand in global markets offering every component of the bathroom. The premium bathroom brand now brings this internationally acclaimed range of bathroom solutions to the Indian consumer with its latest offerings of bathroom solutions like Istanbul, metropole, water jewels, nest, t4 and memoria collections.As part of its design excellence, vitra develops products with an impressive portfolio of leading designers. For instance, the Istanbul series is inspired by istanbul’s culture and traditions and yet belongs to the future. On the other hand the t4 series is a hygienic, functional, and innovative design that transforms bathrooms into integral living spaces. The water jewel series transport nature’s spirit to bathrooms.

H&R LAUNCHES RED RAMP PROJECT - h&r johnson , india’s leading integrated lifestyle solution provider launched “the red ramp project” - an initiative aimed at encouraging the general public & policy makers to start seriously thinking about providing disable people access at public spaces all across the country. The initiative, conceptualized by soho square Mumbai, is a small step by h&r johnson to make this topic become a discussion point amongst the people of India and thereby possibly reach policy-makers who can influence the government and begin the journey towards an access-friendly India.To ensure involvement and garner support for this initiative, h&r johnson has created a portal asking people to provide inputs and comments along with pictures of places where there is a necessity to create ramps that make public spaces accessfriendly for the disabled. This portal will also act as a one point contact for people to connect across social media platforms and increase conversation on the topic.Associating with this movement, leading film personality, ms. Katrina kaif said, “this is a wonderful initiative by h&r johnson and it addresses an important need that is often overlooked: That of making public spaces accessible for physically challenged people. I hope the campaign results in ramps being built in more places making them more accessible to more people.”

ASSESSING RISKS IN EQUITY MUTUAL FUNDS - nowadays, all mutual fund schemes carry riskometer which indicates the level of risk an investor would be exposed to if s/he chooses to invest in the mutual fund scheme. So how does one interpret the risk indicated on the riskometer? To understand this, let us first look at the riskometer itself. There are five levels of risks indicated on the riskometer, namely, low, moderately low, moderate, moderately high and high. These levels are indicated as coloured sections of an arch, where green colour indicates low level of risk, red colour indicates high level of risk and yellow colour indicates moderate level of risk. Similarly, the moderately low and moderately high levels of risks are depicted in two other colours. The arrow below the arch points to the risk level of the mutual fund scheme, so if the arrow points towards the green section, it means that the portfolio of the mf scheme has exposure to investments that have low levels of risk. So, how does one interpret the riskometer in the context of the equity mutual fund schemes? The balanced equity funds are the least risky as their portfolio is well-diversified so as to mitigate the risks arising from market volatility and fluctuations in stocks prices. On the other hand, the sectoral or thematic funds are the riskiest of them all as these funds take theme-specific or sector-specific bets which can go wrong leading to loss of capital. The large cap, multi-cap, mid-cap and small-cap funds lie between the two extremes of balanced funds and thematic/sector-specific funds. The large-cap funds take exposure to only large cap stocks, so these are less risky than mid-cap or small-cap fund that invest in midand small-cap stocks that are highly volatile and, therefore, riskier. The multi-cap funds take exposure across market caps, so investments in these funds carry moderate amount of risk.

MFS GARNER INFLOWS OF RS 20,000 CRORE FOR SECOND STRAIGHT MONTH mutual funds received inflows of rs 20,000 crore for the second straight month in September taking the year-to-date inflow tally beyond rs 1 lakh crore. In the previous month, the equity schemes saw net inflows of rs 22,233 crore, including rs 2,404 crore pocketed by tax-saving mf schemes, as per the data released by the association of mutual funds in India on Friday. In august, equity mfs had seen net inflows of rs 20,362 crore. Two straight months of sharp inflows belie talks that the high tally for august was a one-off event. Despite a relatively slow start, the monthly inflow tally now stands at rs 11,500 crore for 2017.

Most of the inflows into equity mfs come from individual investors, according to industry players. Most retail clients are putting in money into equity schemes through the so-called systematic investment plans, which involves investing a fixed sum every month. Total assets under management for September stood at rs 20.4 lake corer compared with rs 20.6 lake crore at the end of august. The high inflows into equity mfs have provided a counterbalance to the huge fii selling. Since august, overseas investors have pulled out close to rs 20,000 corer from the domestic market.

Domestic mfs have provided counter-buying worth over rs 30,000 corer during the same period.

The markets, however, have more or less remained unchanged.

THINGS TO KNOW ABOUT IEX IPO - ipo for the largest exchange for the trading of a range of electricity products in india opens today. According to cerc, IEX commanded 99.4% market share in terms of contracts traded in volume terms in fy17. IEX primarily brings together sellers of power, such as independent power producers, captive power plants, distribution companies and government-owned power generation companies, and buyers of power, such as distribution companies and industrial, commercial and institutional power consumers, and provides them with a transparent, neutral and automated platform for trading of electricity. The price band for the ipo is set at rs 1645-1650 and the issue size at the upper end of the price band is ~rs 1001 cr. IEX is the first energy exchange in India that gives it an advantage and enjoys strong brand recognition.

IEX is expected to be a beneficiary of growth in peak power demand in India which in turn is expected to boost the power traded volumes on the exchange. The company has recorded revenue growth of ~14% CAGR over fy13-17 on the back of robust volumes while the operating margins have remained stable at ~72% over fy14-17. Pat has also grown in line with the revenue at CAGR of ~14% over fy13-17.

RELIANCE GENERAL INSURANCE FILES PAPERS WITH SEBI FOR IPO - reliance general insurance company limited filed its draft red herring prospectus with the market regulator sebi seeking permission for its initial public offering . Rgic is one of the leading private-sector general insurance company’s in india. The ipo comprises of an offering of up to 6.7 corer equity shares of face value of rs 10 each of reliance general insurance company limited.

The offer comprises of a fresh issue of up to 1.67 corer equity shares by reliance general insurance company limited and an offer for sale by reliance capital limited of up to 5.03 corer equity shares. The net proceeds from the fresh issue will be utilized for augmenting the solvency margin and consequently increase the solvency ratio and to meet future capital requirements which are expected to arise out of growth. Motilal oswal investment advisors limited, credit suisse securities private limited, edelweiss financial services limited and ubs securities india private limited are the global co-ordinators and book running lead managers to the issue. Haitong securities india private limited and idbi capital markets & securities limited is the book running lead managers and karvy computershare private limited is the registrar.

MAS FINANCIAL SERVICES IPO OVERSUBSCRIBED 76X TIMES - mas financial services limited, a Gujarat-head quartered nbfc with more than two decades of business operations initial public offering has received a strong response from investors as it has been oversubscribed76.26x times on the last day of subscription today. The reserved portion of qualified institutional buyers has been oversubscribed 124.07 times while the category reserved for non-institutional investors saw subscription of 110.40 times and retail investors 13.01 times.

The company has received bids for 25.63 corer equity shares against the total issue size of 71,24,910 shares, as per data available on the exchange.the total issue size stands at 71,24,910.

The total bids received stood at 25,40,800 shares while total bids received at cut-off price stood at 4,53,344 shares. The company has set a price band of rs 456 to rs 459 per equity share of face value of rs 10 each of the company. The minimum bid lot is 32 equity shares and in multiples of 32 equity shares thereafter. The ipo comprises of a fresh issue aggregating up to rs 233 corer and an offer for sale aggregating up to rs 227.042 corer by the selling shareholders. The company has, in consultation with the brlm, undertaken a pre-ipo private placement of 3,990,422 equity shares for cash consideration aggregating to rs 135 corer. The company proposes to utilize the net proceeds of the fresh issue towards augmenting its capital base to meet future capital requirements.

INDIA'S ECONOMY WILL GET ON TRACK SOON: WORLD BANK - India's economic growth is going through an aberration caused by temporary disruptions in preparation for the goods and service tax and will get corrected in the near future, said world bank president Jim Yong Kim. He added that gst is going to have a positive impact on the economy. "There's been a deceleration in the first quarter, but we think that's mostly due to temporary disruptions in preparation for the gst, which by the way is going to have a hugely positive impact on the economy," Kim told the media during a conference ahead of the annual meeting of the international monetary fund and the world bank. "We think that the recent slowdown is an aberration which will correct in the coming months, and the gdp growth will stabilise during the year. We've been watching carefully, as prime minister modi has really worked on improving the business environment, and so, we think all of those efforts will pay off as well," Said Finance minister Arun Jaitley would be leading a delegation to the annual meeting next week.

RBI SHOULD HELP REVIVE STALLED PROJECTS: GOYAL - in a bid to boost the economy, railway minister piyush goyal said that the reserve bank should help revive stalled projects by creating a framework for restarting them, reported a national news agency. "They should also help us to reignite the stalled projects. The stalled projects need funding and i think if we can get the support of rbi to help create a framework by which this stalled project can be restarted, we would love to start them yesterday," Goyal said. The minister was speaking on the sidelines of the India economic summit of the world economic forum."The good part is this government, led by modi, is in fiscal stimulus mode right from 3.5 years. Our pace of implementation has been a nature of the stimulus. This is a government which has been giving stimulus continuously, we don't need any time frame. We continue to persevere to add value to the economy," He added.

INDIA SIGNS FINANCE CONTRACT WITH EUROPEAN INVESTMENT BANK - the government of India and European investment bank have signed the finance contract for lending of 300 million Euro for Bangalore metro rail project phase ii line r6, said a government release.

Bangalore metro rail project phase ii is to be jointly financed by the European investment bank and Asian infrastructure investment bank. The project envisages the extension of east-west and north-south lines for Bangalore metro rail which includes a total length of 72.095 km and 61 stations with 12 underground stations. The project implementation period is 5 years from the date of commencement of the project. The objective of the project is to bring in a quantum improvement in the transportation sector in the city in tandem with the Bangalore metropolitan transport corporation and other modes of urban transport. The spin-offs from the project would include employment opportunities, benefits to the economy, reduction of the number of vehicles on road and less fuel consumption, it added.

GST TO FACILITATE EASE OF DOING BUSINESS: EU - the European union has praised India's goods and services tax (gst) regime saying that would facilitate ease of doing business.

Visiting EU leaders also welcomed India's efforts to promote economic and social development and expressed interest in participating in initiatives such as make in India digital India, skill India, and start-up India. "The EU closely follows prime minister modi's economic reforms, including the historic introduction of the goods and services tax, which can facilitate ease of doing business and promotes market integration in India by realising a simple, efficient and nation-wide indirect tax system," Said India EU joint statement issued during India- EU summit. The 14th annual summit between India and the European union was held in new Delhi. Modi appreciated the ongoing participation by EU companies in the flagship initiatives and called for their deeper engagement in India's developmental priorities. The statement further said that the EU side encouraged the greater participation of Indian business organisations into the enterprise Europe network.

RBI TO ISSUE SERIES-III SOVEREIGN GOLD BOND - government of India, in consultation with the reserve bank of India, has decided to issue sovereign gold bonds 2017-18, series-iii. Applications for the bond will be accepted from October 9, 2017 to December 27, 2017.

The bonds will be issued on the succeeding Monday after each subscription period. The bonds will be sold through banks, stock holding corporation of India limited, designated post offices and recognised stock exchanges viz., national stock exchange of India limited and Bombay stock exchange. The bonds will be restricted for sale to resident Indian entities including individuals, hufs, trusts, universities and charitable institutions. The bonds will be denominated in multiples of grams of gold with a basic unit of 1 gram. The maximum limit of subscribed shall be 4 kg for individual, 4 kg for huf and 20 kg for trusts and similar entities per fiscal notified by the government from time to time. The maximum limit of subscribed shall be 4 kg for individual, 4 kg for huf and 20 kg for trusts and similar entities per fiscal notified by the government from time to time. The price of the bond will be fixed in rupees terms on the basis of simple average of closing price of gold of 999 purity published by the India bullion and jewellers association limited for the last 3 business days of the week preceding the subscription period. The issue price of the gold bonds will be rs 50 per gram less for those who subscribe on line and pay through digital mode. Commission for distribution of the bond shall be paid at the rate of 1% of the total subscription received by the receiving offices and receiving offices shall share at least 50% of the commission so received with the agents or sub agents for the business procured through them.

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