Equity Research Report 25 September 2017 Ways2Capital

TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES ) NIFTY FIFTY : - Nifty futures/Bank Nifty futures market closed on 9975 / 24417 According to technical analysis if Nifty futures and Bank Nifty future moves up-word in tomorrow treading session then 10097 will be small resistance for Nifty futures and at the same time 24813 will be small Resistance for Bank Nifty futures, if it break this level then then Nifty futures can touch 10184 level and Bank Nifty futures can touch 25452 level in next few days. It will be hard resistance for Nifty futures and Bank Nifty futures. Meanwhile in reveres there is small support on 9924 for Nifty futures and 24293 is for Bank Nifty futures after breaking this support with volume there is big support for Nifty futures on 9797 and 23820 for Bank Nifty futures.

Monday, 25 Sep 2017

TECHNICAL VIEW (NIFTY- BANK NIFTY FUTURES ) NIFTY DAILY

WEEKLY

MONTHLY

R2

R1

PP

S1

S2

10434

10230

10128

10026

9823

R2

R1

PP

S1

S2

10155

10236

10077

9917

9598

R2

R1

PP

S1

S2

11245

10365

9925

9485

8606

R2

R1

PP

S1

S2

25750

25155

24857

24560

23965

R2

R1

PP

S1

S2

26264

25260

24758

24257

23253

R2

R1

PP

S1

S2

28618

25863

24485

23107

20351

BANK NIFTY DAILY

WEEKLY

MONTHLY

MOVING AVERAGE

21 DAYS

50 DAYS

100 DAYS

200 DAYS

NIFTY

10010

9970

9766

9250

BANK NIFTY

24575

24506

23857

21965

PARABOLIC SAR

DAILY

WEEKLY

MONTHLY

NIFTY

9842

8785

7504

BANK NIFTY

24127

20136

15641

PATTERN FORMATION ( NIFTY )

Detail of Chart - Nifty future opened at 100 85 which is below closing of last trading session of 10137. made low of 9975. there is strong resistance level of 9850 if it brek this levelk we can aspect this nifty can touch level of 9483. in technical chat there is parabolic sar break out on 9850.

PATTERN FORMATION ( BANK NIFTY )

Detail of Chart -Nifty future opened at 24765 which is below closing of last trading session of 24850. made low of 24403. there was strong resistance level of 24400 and it alredy brek this level. now we can asepct this nifty can touch level of 22376. in technical chat there is parabolic sar break out on 25260.

NSE EQUITY DAILY LEVELS COMPANY NAME

R2

R1

PP

S1

S2

ACC ALBK

EQ EQ

1717 70

1680 69

1655 68

1618 66

1592 65

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

273 1222 513 3076 144 149 132 406 603 259 178 2500 408 1184 889 1788 1831 3865 236 1269 281 272 1735 907 143 1029 1204 1292 63915 8160 166 166 21 679 841 479 43 265 318 521 276 84 699 132

267 1211 506 3043 142 146 130 401 591 257 172 2462 404 1162 881 1770 1815 3809 231 1257 280 268 1719 900 139 1016 1178 1276 62882 8044 164 164 20 650 831 472 42 261 309 514 253 83 652 130

263 1202 497 3025 140 143 129 396 583 253 168 2437 400 1148 876 1760 1807 3769 227 1247 278 266 1697 894 135 1008 1161 1266 62067 7972 162 162 19 629 818 464 41 257 303 508 239 82 637 128

257 1190 490 2991 138 139 126 391 572 251 163 2399 396 1125 867 1743 1791 3713 222 1235 276 262 1681 887 131 995 1136 1250 61034 7856 160 160 18 600 809 457 40 253 294 501 216 81 620 126

254 1181 481 2973 136 136 124 386 564 248 160 2374 391 1111 862 1732 1783 3673 219 1225 274 260 1658 881 127 987 1119 1240 60219 7784 159 159 17 579 795 448 39 250 288 495 202 79 605 123

TOP 15 ACHIEVERS SR.NO

SCRIPT NAME

//

PREV CLOSE

CMP

% CHANGE

TOP 15 LOOSERS SR.NO

SCRIPT NAME

PREV CLOSE

CMP

% CHANGE

1

ORCHIND PHARAM

16.85

23.60

+40.06

1

SE INVESTMENTS

236.80

191.15

-19.28

2

TVS ELECTONIC

221.60

296.80

+38.17

2

INDIABULLS REAL EST

250.75

218.05

-13.04

3

VIVIMED LABS

114.45

143.20

+25.12

3

RELIACNE CAPITAL

752.95

661.25

-12.18

4

CAPRI CLOBAL CAP

93.10

115.10

+23.63

4

GABRIAL INDIA

212.20

188.10

-11.36

5

ANIK INDUSTRIES

49.35

60.95

+23.43

5

JINDAL STEEL ( HIRAR )

192.20

170.70

-11.19

6

HEG LTD

819.40

991.15

+20.96

6

HFCL

32.70

29.40

-10.09

7

GOA CARBONS

374.80

437.75

+16.80

7

JET AIRWAYS

566

509.15

-10.04

8

DIVIS LABS

868.40

970.25

+11.73

8

CENTRAL BANK

91.50

82.35

-10.00

9

DR REDDY LABS

2211.20

2457.75

+11.15

9

JYOTI KABS

419.5

379.50

-9.44

10

GUJ. ALKALIES AND CO

498.45

553.70

+11.08

10

DLF LTD

191.55

173.50

-9.42

11

HONEYWELL AUTO.

14470

15917

+10.00

11

VIPUL LTD

93.40

84.75

-9.26

12

RAIN INDUS

152.60

165.85

+8.68

12

ARVIND LTD

413.45

379.05

-8.32

13

EON ELECTRICAL

75.60

80.45

+6.42

13

SHREYANS INDUS

169.05

155.05

-8.28

14

ATUL LTD

2239.85

2373.10

+5.95

14

BAJAJ DINSERV LTD

5674.55

5231.65

-7.81

15

TEXMACO RAIL

94.35

9.85

+5.83

15

JSW STEEL

267.55

246.95

-7.70

NEXT WEEK STARS( AS PER TECHNICAL ANALYSIS ) NSE FUTURE : NSE FUTURE : NSE FUTURE : SELL IDEA FUTURE BELOW 75.50 TGT 73.50 SL 76.20 NSE FUTURE : SELL HAVELLS FUTURE BELOW 491 TGT 482 TGT 494 NSE CASH : NSE CASH : BUY BEL NSE CASH ABOVE 182.50 TGT 192.50 SL 179.50 NSE CASH : BUY PNC INFRA NSE CASH ABOVE 138 TGT 146 SL 135.50

NSE - WEEKLY NEWS LETTERS ✍ TOP NEWS OF THE WEEK ZYDUS RECEIVES FINAL APPROVAL FROM USFDA FOR ITRACONAZOLE CAPSULES : - Announced on Thursday that the company received the final approval for Itraconazole Capsules from the USFDA, surging the company’s stock on the bourses. The drug is used to treat a variety of fungal infections and will be manufactured at the group’s formulations manufacturing facility at Moraiya, Ahemdabad. The group has over 150 approvals and has filled over 300 ANDAs since the commencement of the filing process in FY 2003-04.

The stock recorded a trade volume of 25,40,423 shares and a trade value worth Rs 12,669.85 lakh during Thursday’s trade on NSE. VIVIMED LAB RECEIVES GMP CERTIFICATION : - The share price shot up in the intraday trade on Thursday as the company announced that its Jeedimetla FDF plant near Hyderabad bagged the approval of the Ukraine ministry of Health, receiving an accredition with GMP certification. The stock recorded a trade volume of 1,18,80,538 shares and a trade value worth Rs 17,470.33 lakh during Thursday’s trade on NSE. ORCHID PHARMA GETS EIR FROM USFDA : - Has received the Establishment Inspection Report from USFDA based on the successful inspection of the Active Pharmaceutical Ingredients manufacturing facility located at SIDCO Industrial Estate, Alathur, Kanchipuram District, Tamil Nadu, India. This facility was inspected by USFDA in May 2017. It attracted a traded volume of 18,92,805 shares and traded value of Rs 385.56 lakh on the NSE. The company hit its 52-week high of Rs 45.85 on September 28, 2016 and had hit its 52-week low of Rs 16.7 on September 6, 2017, on the NSE. Orchid Pharma is involved in the development, manufacture and marketing of various bulk actives, formulations and nutraceuticals. The company offers formulations for cardiovascular, anti-diabetic, neuropsychiatry and nutritional supplements. It offers active pharmaceutical

ingredients,

including

Cephalosporins-Orals,

Cephalosporins-Injectibles,

Veterinary Products and Non-Antibodies.

VASCON ENGINEERS BAGS CONTRACT WORTH RS 235 CRORE : - It received Letter of Award amounting to Rs 235.76 crores from Shapoorji Pallonji and Company, a domestic entity, for civil construction in Andhra Pradesh. The work involves the construction of affordable housing in Adoni Municipal Area and Nandyal Municipal Area of Kurnool district in Andhra Pradesh. The work has to be completed within 13 months from the date of receipt of work order.

Vascon Engineers is an engineering, procurement and construction company. The company's

principal activities include real estate development, hospitality, and manufacturing and building management system.

PUNJ LLOYD BAGS ORDER FROM MINISTRY OF DEFENCE : - Rallied on bourses on Monday’s trade after the company bagged orders worth Rs 120 crore for the supply and commissioning of five full body truck scanners rom the Ministry of Home Affairs, said the company in a filing on Monday. Punj Lloyd is the first private sector company in India to install these X-Ray based FBTS at the country’s border which helps detect concealed arms, ammunition, explosives, detonators, IED’s, Narcotics and fake currency. Meanwhile, the stock gained % at Rs per share on BSE. The stock on NSE attracting a total traded volume of shares and a traded value of Rs lakhs. The stock on yearly basis has lost 9.31% and has outperformed BSE Small-cap index and Nifty Infrastructure index Punj Lloyd Limited is engaged in engineering, procurement and construction activities, as well as trading of steel products. The Company’s segments include Engineering, procurement, and construction services, which includes provision of EPC services in oil, gas and infrastructure sectors etc.

DIXON TECH WITNESSES FIFTH BEST MARKET DEBUT IN SEVEN YEARS : - Gave a stellar performance on its debut day after listing at a whopping premium of 54.3% at Rs 2,725 per share on NSE as compared to its issue price of Rs 1,766 per share. The company has marked fifth best share market debut in the past seven years, reported a leading news agency. The stock closed at Rs 2,891.55 per share, at a premium of 63.7%. The proceeds from the fresh issue is utilised for the repayment/pre-payment, in full or in part, of certain borrowings availed by the company; setting up a unit for manufacturing of LED TVs at the Tirupati Facility; enhancement of our backward integration capabilities in the lighting products vertical at our Dehradun 1 Facility; upgradation of the information technology infrastructure of the company; and general corporate purposes. The company had issued 10,18,027 equity shares at Rs 1,766 per share, aggregating to Rs 179.79 crore to 15 anchor Investors. The was subscribed 117.83 times at 2315 hours on last day of subscription. The QIB part got subscribed by 134.77 times, NII segment got subscribed by 345.73 times, while the retail part of the IPO issue got subscribed 10.11 times. The earlier best listing was that of D-Mart operator, Avenue Supermart, which listed at a premium of 102% over its offer price in March this year. Quess Corp, which did its IPO in July 2016 listed at a premium of 57%.

BALRAMPUR CHINI APPROVES INVESTMENT OF RS 175 CRORE IN EDUCATION SECTOR : - Announced that the board of the company has approved the investment of Rs 175 crore in the education sector over the next five years. The board of directors of the company at its meeting held on September 15, 2017, has considered and approved an investment of upto Rs 37.50 crore as first tranche and a cumulative investment of Rs 175 crore, in tranches, over a

period of five years in financing activities in education sector. The stock attracted a traded volume of 9,34,546 shares and traded value of Rs 1,596.67 lakh on the NSE. ZEE ENTERTAINMENT COMPLETES SALE OF SPORTS BUSINESS TO SONY : - Has completed first phase of the transaction for sale of sports broadcasting business of the company to Sony Pictures Networks India and its affiliates, upon receipt of USD 330 million out of total consideration of USD 385 million.Since certain condition precedents relating to closure of second phase of the transaction were taking time, the company and SPNI has mutually concluded closure of the transaction upon receipt of remittance of consideration of USD 36.32 million from SPNI.The adjustment to the consideration amount inter alia is mainly consequent to retention of a lease hold immovable property at Dubai by Taj TV limited, Mauritius and certain working capital adjustments of the sports business as per the terms of agreement.

SHREYAS SHIPPING TO ACQUIRE CONTAINER VESSEL : -

Informed that the

company has signed a Memorandum of Agreement for the acquisition of one container vessel of about 1500 teus. The delivery of the vessel is expected by mid-October 2017, said the company in a BSE filing on Tuesday post market hours. Shreyas Shipping and Logistics Limited is a container feeder owning and operating company. The company operates through two business segments: Shipping and Logistics. The Shipping segment consists of charter hire. The Logistics segment includes feeder, domestic and liner business.

COX & KINGS' UNIT INKS PACT WITH SWISS DEVELOPER : -

Announced that

its unit, Meininger Hotels, has signed an agreement with a Swiss developer for the construction of a hotel in Geneva. The hotel, which will be newly constructed, will be located in close proximity to the city center and is expected to open in 2020, said the company in a BSE filing on Thursday. The commencement of the project remains subject to the receipt of the building permit. The stock attracted a traded volume of 25,126 shares and traded value of Rs 68.22 lakh on the NSE. Cox & Kings Limited is a diversified, multinational enterprise focused on the travel sector. The company's principal products/services include tours and travels.

OIL PRICES DIP DUE TO HIKE IN US CRUDE PRODUCTION : - Oil prices dipped during Thursday’s trade due to hike in US crude inventories and production as well as stronger dollar. Brent crude futures, the international benchmark for oil prices, were at USD 56.13 a barrel at 0134 GMT, down 16 cents, or 0.3%, from their last close. US West Texas Intermediate crude futures were at USD 50.68 per barrel, down 1% from the last settlement. US commercial crude oil inventories rose for a third straight week, building by 4.6 million barrels in the week ending September 15, to 472.83 million barrels. Meanwhile, US oil production has largely recovered from the shutdowns following Hurricane Harvey, currently standing at 9.51 million

barrels per day, up from 8.78 million bpd directly after the storm hit the US Gulf Coast.

But demand for American crude oil could pick up soon, should OPEC members extend a production cut aimed at tightening supplies and propping up prices. The Organization of the Petroleum Exporting Countries is due to meet in Vienna on Friday to discuss extending a production cut deal with non-OPEC oil producers that has been in place since January and in its current form is due to expire at the end of March 2018. OPEC and some non-OPEC members pledged to cut production by around 1.8 million bpd from January in order to tighten the market and prop up prices.

GOCL CORP HITS RECORD HIGH : - Oil and marketing major GOCL Corporation was roaring on the bourses as the stock zoomed over 15% to hit record high. It attracted a traded volume of 2,69,884 shares and traded value of Rs 1,544.92 lakh on the NSE. The company hit its 52-week high of Rs 589 on Thursday and had hit its 52-week low of Rs 225.25 on November 21, 2016, on the NSE. GOCL Corporation Limited, formerly Gulf Oil Corporation Limited, is engaged in the provision of explosive accessories mining and infrastructure, and realty. The company's segments include energetics, mining and infrastructure contracts, realty, lubricating oils and others.

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