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Equity Research Report Ways2Capital 29 Jan 2018



Nifty Analysis
WEEKLY PIVOTS

On Macroeconomic front; there were no major data released last week and for this week, economic data like GDP PP 11034.9
Annual, Federal Fiscal Deficit, Infrastructure Output, M3 Money Supply, Nikkei Markit Manufacturing PMI coupled
with the FII & DII activity will provide further direction to the market.

Technical Outlook P2 10806.95
Last week Nifty Feb Futures started the week on positive note and continued the same for the entire week. It

Last week, equity benchmark index Nifty Feb futures consolidated on higher levels with the positive bias for the
entire week and made a new life time high of 10918. 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
government last year.
Nifty traded with a PE Ratio range of 27.61 – 27.81 during the week and sustaining in this range from the last
couple of months. FII & DII activity witnessed two different trends; DII witnessed positive trend for the entire week
whereas FII witnessed negative trend but the overall scenario remained positive to provide support to benchmark
index to sustain on the higher levels.
made a new life time high of 11135 during the week and closed 11062.60 with the overall gain of 1.30% on
weekly basis. It broke the major psychological resistance level of 11000 during the week and sustaining above
the same.

Nifty Analysis

Technical Outlook
WEEKLY STRATEGY
Nifty Futures is making new life time consecutively from last 3 week and almost witnessed 5.15% gain in last 2

month. Technically, the majhttp://www.postafreepressrelease.com/postafreepressrelease/pressrelease_save.aspor technical indicator likes 20Days EMA, 50Days EMA, 100Days EMA, RSI, Stochastic
Action

Buy
etc. indicating bullish trend for short term in nifty and for this week, we can further expect upside movement in

For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.11060 it can test the
level of Rs.11200/ 11250 during the week. Trades can make buy position in it by maintaining a Stop Loss of
Rs.10965.

Bank Nifty Analysis

Technical Outlook
Last week Bank Nifty Futures opened at 26890 and traded positive for the entire week. It made a high of 27512
during the week and closed at 27440 with the overall gain of 1.64% on weekly basis. Currently it’s sustaining
above the major psychological support level of Rs.27000 with the positive RSI and with the support of 200Days

& 50Days SMA. Technically for this week, we can expect further upside movement in it above the level of
27640.

For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.27640 it can test the
level of Rs.27850/ 27950 during the week. Trades can make buy position in it by maintaining a Stop Loss of P3 25665.85
Rs.27499.

SUVEN ( Call of the Week Cash)

Technical Outlook
WEEKLY STRATEGY
Last week, SUVEN cash traded positive for the entire week after taking support from the 200Days SMA and
trend line. It made a high of 218 during the week and closed at 215 with the overall gain of 8.36% on weekly ACTION Buy
basis. In short term, we can expect good upside movement in it as its going to break its long time consolidation ENTRY PRICE Above 235

with the positive RSI & continuously sustaining taking support from the 200Days SMS.
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.234 it can test the

EMKAY ( Call of the Week Cash)

Technical Outlook
WEEKLY STRATEGY
EMKAY is trading in tight range from last 1 and half month and sustaining above the major psychological support PARTICULAR TARGET
level of Rs.200. Last week it made a high of 232 and closed at 226.15 with the overall gain of almost 5% on ACTION Buy
ENTRY PRICE Above 235
TARGET 245
STOP LOSS 226http://www.postafreepressrelease.com/postafreepressrelease/pressrelease_save.asp
weekly basis. Technically we can expect further upside movement in it as its going to break its long time
consolidation with the positive RSI & continuously sustaining taking support from the 200Days SMS.

or this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.235 it can test the P3 181.05
level of Rs.245 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.226.

ZEEL ( Call of the Week Future )


ZEEL Futures sustaining near to its lifetime high of 618.55 from last 2 weeks & trading with the positive bias. Last PARTICULAR TARGET
week it made a high of 614.30 during the week and closed at 596.25 with the marginal loss of 0.83% on weekly ACTION Buy
ENTRY PRICE Above 610
basis. Technically it’s forming Symmetrical Triangle on the charts with the positive 50Days SMS, 200Days SMA &
RSI and for this week, we can expect buying in it from the lower levels after the breakout of Symmetrical
TARGET
Triangle.

HCLTECH ( Call of the Week Future)

Technical Outlook
WEEKLY STRATEGY
Last week, HCLTECL Futures made a high of 1036.75 and closed at 1009.05 with the overall gain of 5.17% on
technically for this week, we can further expect upside movement in it above the level of 1025.

overbought RSI. It’s also sustaining above the import technical indicators like 200Days & 50Days

1264.70
R3
For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.1025 it can te

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News Release: Equity Research Report Ways2Capital 29 Jan 2018
Submitted on: January 29, 2018 12:35:43 PM
Submitted by: Vijay
On behalf of: www.ways2capital.com
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