Equity Research Report Ways2Capital 9 jan 2018


Free Press Release DB | Press Release Date : Jan 9, 2018  Download


Last week, equity benchmark index Nifty consolidated on higher level with the negative bias for the entire week


 

Last week, equity benchmark index Nifty consolidated on higher level with the negative bias for the entire week

and managed to sustain above the major support level of 10400. 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 26.99 – 26.68 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 Infrastructure Output, M3 Money Supply, Bank Loan Growth, Deposit

Growth, FX Reserves USD etc released last week but none of those able to put significant impact on the Index

movement.

For this week, economic data like CPI, Trade Balance and Industrial Production coupled with the FII & DII activity

0.15% on weekly basis. Nifty weekly charts survived without making not even 1% negative returns on weekly ba-

sis consecutively for the 5th week and continuously making higher highs

 

Nifty Analysis

 

As we talk about in our previous report 10400-10500 level would be react as a major resistance zone and re-

 

cently we seen market has been broken its resistance area with higher volume and open interest indicating

10498

building of long positions. All technical indicators are indicating bullish trend for short term to mid term. The In-

dia VIX, which measures the implied volatility of Nifty 50 options, was up 4.75% to 13.7350. Moving ahead, Nifty

can resist by the level of 10670-10690.

 

Bank Nifty Analysis

 

Technical Outlook

WEEKLY STRATEGY

Last week Bank Nifty Jan Futures made a high of 25668.30 and closed at 25363.50 with the marginal gain of 0.3%

on weekly basis. It’s consolidating near to its important resistance level of 25800 from last 15 days & also sus- PERTICULAR TARGET

taining above the 50 Days SMA. It’s forming very good consolidation on the charts with positive

cally for this week, traders can go for buy in it from the lower levels as we are expecting good upside movement

in it.

 

For this week,

level of Rs.26000/ 26200 during the week. Trades can make buy position in it by maintaining a Stop Loss of P3 24769.30

Rs.25495

 

NBCC ( Call of the Week Cash)

 

NBCC almost fall 20% from its life time high of Rs.291.30 in the month of Nov-Dec 17 and last week traded in

ous increase in the volume, which is indicating buying formation on the charts & for this week, we can go for

buy in it.

 

candlestick pattern also. Currently it’s sustaining above the downward trend line breakout with the continu-

the range of 242 – 252. Last week, we saw recovery in it from the lower levels and it’s forming good bullish

 

JAMNAAUTO ( Call of the Week Cash)

 

Technical Outlook

WEEKLY STRATEGY

JAMNAAUTO is consolidating near to its life time high of Rs.87.80 from last 15 days with above average vol- PARTICULAR TARGET

ume. It almost witnessed 2.5 % in last week and also trading in the overbought zone of RSI (currently around ACTION Buy

 

73). It’s forming very good consolidation on the charts with positive bias and technically for the next week,

traders can go for buy in it from the lower levels as we are expecting good upside rally in it.

 

For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.84 it can test the

level of Rs.86.50 upside during the week. Trades can make buy position in it by maintaining a Stop Loss of

Rs.82.50

 

INDIACEM ( Call of the Week Futures )

 

Technical Outlook

WEEKLY STRATEGY

Last week INDIACEM broke its major resistance level of Rs.199.10 and closed at Rs. 199.05 with overall gain of PARTICULAR TARGET

8.50%. It’s still trading near to its major psychological resistance level of Rs.200 after the downward trend line

breakout. Currently it’s sustaining above the downward trend line breakout with the continuous increase in

the volume and RSI, which is indicating buying formation on the charts & for this week, we can go for buy in it

 

CESC ( Call of the Week Futures)

 

Technical Outlook

WEEKLY STRATEGY

CESC sustaining on higher levels from last 2-3 months and currently trading above the major psychological re-

around 70) and technically for the next week, traders can go for buy in it from the lower levels as we are ex-

pecting good upside rally in it.

 

of 3.5% on weekly basis. It’s forming very good consolidation on the charts with overbought RSI (currently

 

sistance level of Rs.1000. Last week it made a high of Rs.1106.50 and closed at Rs.1092.55 with the overall gain

 

For this week, traders can adopt buy on lower levels strategy in it and above the level of Rs.1106.50 it can test

the level of Rs.1126.95 upside during the week. Trades can make buy position in it by maintaining a

 

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.

:

0731-6626222

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 Vijay Nagar

45200, indore

Madhya Pradesh

india


Contact The Author



Contact Vijay Kumar






More Press Release From Author



Equity Research Report Ways2Capital 22 Jan 2018


Free Press Release DB :

Last week, equity benchmark index Nifty Jan futures consolidated on higher levels with the positive bias for the Nifty traded with a PE Ratio range of 27.44 --> Read This Press Release !



By : Vijay, Kumar ( Jan 22, 2018 )
Category : Finance Press Release | Country : India Press Release




Commodity Research Report Ways2Capital 22 Jan 2018


Free Press Release DB :

Silver futures rose for the first time in four sessions even as the dollar index gained ground, --> Read This Press Release !



By : Vijay, Kumar ( Jan 22, 2018 )
Category : Finance Press Release | Country : India Press Release




Commodity Research Report Ways2Capital 16 Jan 2018


Free Press Release DB :

Gold futures rose to the highest since November 9 2016 in American trade as the dollar index dipped to September 8 lows following a basket of data from China the world's largest metals consumer --> Read This Press Release !



By : Vijay, Kumar ( Jan 16, 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