Equity Research Report Ways2Capital 2 April 2018


Free Press Release DB | Press Release Date : Apr 2, 2018  Download


Last week started on positive note as index roared more than 100 points on the back of relief rally. However, mar-kets remained under pressure on Wednesday


Nifty Analysis

Fundamental Outlook

Last week started on positive note as index roared more than 100 points on the back of relief rally. However, mar-kets remained under pressure on Wednesday, which was mainly on the back of a sharp overnight sell off seen in US markets. FII DII activity remains contrast to each other as we have seen buying from DII in whole week while FII re-main bearish in their approach. Nifty P/E ratio was in the range of 25.68 to 25.95 for the past week.

On Macroeconomic front; data like Federal Fiscal Deficit, Foreign Debt (USD), Bank Loan Growth, Deposit Growth etc released last week but none of them created major impact on the market. For this week, important economic data like Current Account (USD), Cash Reserve Ratio,

Interest Rate Decision coupled with the FII & DII activity will provide further direction to the market.

Technical Outlook

The concluding week of the financial year was bit of volatile as we saw massive recovery on Monday followed by a gap up opening to retest the 10200 mark. However, markets remained under pressure on Wednesday, due to fu-ture & options expiry. Eventually, Nifty concluded the financial year above the 10100 mark.

 

Bank Nifty Analysis

Nifty Bank Futures started the last week on positive note as most the PSU bank showed short covering on Mon-day but for next couple of days it remained range bound. Bank Nifty managed to close the week on positive but turning its move from 24700-24900 from where the long term moving averages are lying.

For this week, traders can adopt sell on higher level strategy in it and below the level of 24300 it can test the level of Rs. 24000 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 24500.

MINDTREE Cash ( Call of the Week )

Technical Outlook

Overall trend of the Stock is bullish for medium-long term .Currently stock is in some correction phase. For the last couple of weeks stock was trading in a range. Now Stock has gave breakout of this range on upside with good volumes on daily chart. Candle Pattern shows good strength in buying and it has also crossed its major resistance levels of 800. Stock is trading above its important moving averages on daily chart.

For this week, traders can adopt buy on lower level strategy in it and above the level of 808 it can test the level of Rs. 832 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 792.

BAJAELEC Cash ( Call of the Week )

Technical Outlook

BAJAJELEC started the last week on positive note on Monday and showed a good positive rally which led stock to close on positive note. On daily chart it showed a good consolidation on lower levels. Stock is trading above its 21 & 50 days moving averages .On intraday chart stock is forming Inverse H&S price pattern and if it gave breakout of this pattern than further upside move can be expected in the stock.

For this week, traders can adopt buy on lower level strategy in it and above the level of 582 it can test the level of Rs. 598 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 570.

VOLTAS Futures ( Call of the Week )

Technical Outlook

Last week voltas futures open in positive note and made high of 626 it moves in positive trend in entire week. According to technical analysis voltas futures break importatnt resistance level of 625 and give closing above this resistance level we can expect further upside movement in it above this level.

HDFCBANK Futures ( Call of the Week )

Technical Outlook

Last week HDFC BANK open in negative note after that it moves in positive note in entire week and made high of 1898.90. according to technical analysis hdfc bank give closing near the resistance level of 1900 we can ex-pect upside movement in hdfcbank above the level of 1900. on the other hand on weekly chart bullish engulf-ing pattern also indicate that upside movement in it

For next week traders can made long positions in hdfc bank above the level of 1916 with the tgt of 1955 and sl of 1906.

For Quick Trial – 08962000225

Or mail us here: info@ways2capital.com or visit http://www.ways2capital.com/free-trial.php

Contact 0731-6626222

Toll Free – 1800-3010-2007

Give a Missed Call for Free Trial - 09699997717

For Reports And Tracksheets - http://www.ways2capital.com/downloads.php

 




Contact Person & Company

Name

:

Vijay Kumar

Company

:

Ways2capital

Contact Numbers

Telephone No.

:

0731-6626771

Fax No.

:

Handphone No.

:

Website

Website 1

:

Go To PR Site

Website 2

:

Youtube

:

PR Tags

:

Free Stock Tips, Intraday Stock Tips,

Address

515,516 shagun arcade

45200, Indore

Madhya Pradesh

India


Contact The Author



Contact Vijay Kumar






More Press Release From Author



Commodity Research Report Ways2Capital 2 April 2018


Free Press Release DB :

Gold futures titled lower in American trade away from February 16 highs, even as the dollar index lost ground following data from the US the world's largest economy. --> Read This Press Release !



By : Vijay, Kumar ( Apr 2, 2018 )
Category : Business Press Release | Country : France Press Release




Commodity Research Report Ways2Capital 27 March 2018


Free Press Release DB :

Gold futures rose over one percent in American trade to February 20 highs as the dollar index gave up ground following earlier data from the US the world's largest economy while --> Read This Press Release !



By : Vijay, Kumar ( Mar 27, 2018 )
Category : Finance Press Release | Country : India Press Release




Equity Research Report Ways2Capital 26 March 2018


Free Press Release DB :

Last week, Bank Nifty Mar Futures made a low of 23631.20 and traded near to its 6 month low. --> Read This Press Release !



By : Vijay, Kumar ( Mar 26, 2018 )
Category : Finance Press Release | Country : India Press Release





Read More Articles From Vijay Kumar



Disclaimer

The author of the press releases are solely responsible for the content of their press releases. Freepressreleasedb.com can't be held liable for the content posted by author. Please check the accuracy of the press release before using the press release. If necessary please contact the author. Thank you.




Report Abuse