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Equity Research Report Ways2Capital 16 jan 2018



Nifty Analysis

Fundamental Outlook
Last week, equity benchmark index Nifty Jan futures consolidated on higher levels with the positive bias for the

will provide further direction to the market.
Last week, Nifty Jan Futures started the week on positive note and continued the same for the entire week.
entire week and made a new life time high of 10695. Fundamentally Nifty is still looking bullish due to
continuous positive trends from FII & DII and on the expectation of positive outcomes of economic reforms
taken by centre govt last year.
Nifty traded with a PE Ratio range of 27.16 – 27.28 during the week and sustaining in this range from the last
couple of months. FII & DII activity witnessed almost positive trend for the entire week & provided support to
benchmark index to sustain on the higher levels.
On Macroeconomic front; data like Industrial Production, Manufacturing Production & CPI released last week
which further provided support Nifty to sustain on high level due to positive outcome.
For this week, economic data like inflation, Trade Balance and export/ import coupled with the FII & DII activity
It made a high of 10695 during the week and closed at 10868.35 with the marginal gain of 1.07% on weekly
basis.

Nifty Analysis

Technical Outlook

It’s consolidated below the important resistance level of 10700 for the entire week with the oversold RSI and
above 200Days & 50Days SMA. Last week we, saw that market has broken its 10700 resistance area with higher
volume and open interest indicating building of long positions in it. Technically for this week, we can go for buying in it from the lower levels.
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Bank Nifty Analysis

Technical Outlook
WEEKLY STRATEGY
Last week, Bank Nifty Jan Futures made a high of 25729.90 and closed at 25743.40 with the marginal gain of 0.42%
on weekly basis. It’s consolidating below the important psychological resistance level 26000 from last 1 month
with positive RSI. It’s also sustaining above the import technical indicators like 200Days & 50Days SMA and
technically for this week, we can further expect upside movement in it

For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.25800 it can test the
level of Rs.26000/ 26200 during the week. Trades can make buy position in it by maintaining a Stop Loss of
Rs.25592 in it.

IBULHSGFIN ( Call of the Week Futures)

Technical Outlook
WEEKLY STRATEGY
Indiabull Housing Finance consolidating in a tight range from last two months and trading above its 200days
this week, we can go for buy in it on lower levels.

break it. Technically Indiabull Housing Finance is in short term consolidation trend with the positive RSI and for age. Last week, it tasted the major resistance level of Rs. 1251 on the upside but was unable to

ASIANPAINT ( Call of the Week Futures)

Technical Outlook

Last week ASIANPAINT traded positive for the most part of the week and closed at 1189.15 with the marginal PARTICULAR TARGET
weekly gain of 0.21% on weekly basis. It almost witnessed 6% gain in last one month & currently consolidating
above the trend line breakout. Asianpaint is in short-term bullish trend and sustaining below the major
psychological resistance level of Rs.1200. For this week, we can go for buy on lower level strategy in it.

For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.1200 it can test
the level of Rs.1219.90 during the week. Trades can make buy position in it by maintaining a Stop Loss of
Rs.1189.90
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DELTACORP ( Call of the Week Cash )

Technical Outlook
WEEKLY STRATEGY
Last week DELTACORP started the week on negative note and after that traded higher for the entire week. It
broke the major resistance level of Rs.324 during the week but was unable to sustain above it and closed at
Rs.319.85 with the overall gain of 5.42% on weekly basis. Technically it’s still sustaining on higher levels with
oversold RSI & positive bias and for this week we can expect further upside movement in it

KOLTEPATIL ( Call of the Week Cash)

Technical Outlook
WEEKLY STRATEGY
Last week KOLTEPATIL started the week on negative note and after that traded higher for the entire week. It
tasted the major resistance level of Rs.404.80 during the week but was unable to break it and closed at
Rs.383.00 with the overall gain of 2.76% on weekly basis. Technically it’s still sustaining on higher levels with

oversold RSI & positive bias and for this week we can expect further upside movement in it.

For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.393.00 it can test
the level of Rs.415.00 during the week. Trades can make buy position in it by maintaining a Stop in it.

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News Release: Equity Research Report Ways2Capital 16 jan 2018
Submitted on: January 16, 2018 09:39:31 AM
Submitted by: Vijay
On behalf of: www.ways2capital.com
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