Equity Research Report Ways2Capital 9 Oct 2018

 

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YESBANK

last week Yes bank Futs open at 179.80 and made high of 229.90 and close at 207.20 give positive movement,After a sharp downfall in yesbank,it gives positive movement
in short term trend indicate its recovery phase. For next week it can hold its recovery phase and give some positive trend in it
For next week trader can make long positions in it above the level of 226 for the TGT of 236 with sl of 222


HINDALCO

last week HINDALCO futs open at 229 and made high of 261.35 and low of 225.60 gives positive movement overall trend of stock is positive for long term,
for short term its can go downside on daily chart of it shows trendline breakout which indicate downward trend in it.
For next week traders can sell hindalco below the level of 225.60 for the tgt of 221.60 and with sl of 227.60

PNB

Last week, PNB nse cash started the week on positive note and after that it given Pull back from lower level . It made a high of 66.35 during the week and closed 63.85 with the overall gain of 6.40 % on weekly basis. Technically it consolidated and given pull back as well from the support level and now we can expect upside movement in it.

For this week, traders can adopt buy on deep strategy in it and above the level of 66.50 it can test the level of 70.50 during the week. Trades can make sell position in it by maintaining a Stop Loss of 62.50



DISHTV

Last week, DISHTV nse cash started the week on positive note and after that it given breakout from support level . It made a high of 59.65 during the week and closed 52.30 with the overall loss of 9.80 % on weekly basis. Technically it made Bullish Hammer Pattern from the lower level and given pull back from the major support level and now we can expect upside moves in it.

For this week, traders can adopt strategy of buying on the basis of technical pattern and above the level of 52.70 it can test the level of 55.70 during the week. Trades can make sell position in it by maintaining a Stop Loss of 49.9



NIFTY ANALYSIS:

Technical Outlook:

Last week Nifty futures open at 10931 and give closing at 10347.15 made low of 10292 gives almost 600 point in downward trend. Nifty moves downtrend in entire week almost all trading sessions of the week.
Last week Nifty falls almost 5.40% and break important support level of 10500 and gives closing below this support level .below the level of 10500 further selling is seen in the Nifty and breached next support level of 10300 but give clsing above this level at 10347.15 .we can expect further selling in NIfty below the level of 10300.
For next week we can made short position in nifty from the level of 10290 for the TGT of 10140 and with th SL of 10401.
Fundamenatl Outlook: : Last week Nifty index were down almost 6%. nifty falls continuously upto 5th week and correct almost 13% from the peak,the large part of this decline could be attributed in the indian currency and rising crude oil prices. On the index futures front,
Nifty futures lost about 29 percent longs in the September expiry, while in the first week we saw whopping 24 percent additions with only one difference that it was on the short side.
Among the stock futures, the biggest damage was recorded in the oil marketing companies with BPCL, HPCL adding 60 percent to 30 percent in the open interest, respectively, with over 30 percent damage to the price.
On the options front, Put writers were trying to seek asylum into 11,000 and lower strikes after the down-move in the September series. Now with huge additions in same strike Calls along with additions in the Nifty futures looks like there has been a creation of opposite positions by put writers but via the synthetic route.


BANK NIFTY :

Technical outlook:

Last week Bank Nifty futures open at 25085 and give closing at 24519.70 made low of 24272.40 gives almost 900 point in downward trend. Bank Nifty moves downtrend in entire week almost all trading sessions of the week.
Last week Bank Nifty falls almost 3.30% and 25000 further selling is seen in the Bank Nifty and breached next support level of 24500 but give clsing above this level at 24519 .we can expect further selling in BankNIfty below the level of24500
For next week we can made short position in Bank nifty from the level of 24300 for the TGT of 24001 and with th SL of 24501.



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