Equity Research Report Ways2Capital 19 Feb 2018
Added: (Mon Feb 19 2018)
Pressbox (Press Release) -
Last week, equity benchmark index Nifty Feb Futures witnessed bearish movement in the 2nd half of the week
history and shocked the entire stock market. The scam worth Rs.11000 crore created too many questions over
the Indian banking system and market reacted with negative sentiments of investors. Net FII & DII activity
remained negative during the week as investors were fear full in current market scenario.
Nifty traded with a PE Ratio range of 25.48 – 25.32 during the week and this ratio is reducing gradually from last 3
week. On Macroeconomic front; data like CPI and WPI released and they further acted as the catalyst for the
negative movement in index. For this week, important economic data like Infrastructure Output, GDP Annual,
GDP Quarterly coupled with the FII & DII activity will provide further direction to the market.
In last Week Nifty Feb Futures showed selling from the key hurdle of 10630 to settle the truncated week on a
flat note as profit booking emerged across sectors. The weekly price action formed a small bear candle, with its
long upper shadow indicating continued profit booking around 10640.
Over the past seven sessions, on five occasions, the Nifty made failed attempts to surpass the key hurdle of
10640, resulting formation of broad range of 10600-10300.In coming week we expect the Nifty to extend its Action
bearish move if it breach its major support levels of 10400.
For this week, traders can adopt sell on higher level strategy in it and below the level of 10400 it can test the
level of Rs. 10300 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 10500.
Bank Nifty analysis
Last week Bank Nifty Feb Futures started the week on positive note but till the end of the week all of its earlier
gains were erased and it closed at 25128.60 with the overall loss of 1.26% on weekly basis. Currently it is in
short term bearish trend & RSI is also sustaining below 50 levels. Technically for this week, we can expect Action
://further downside movement in it.
For this week, traders can adopt sell on higher level strategy in it and below the level of 25100 it can test the
levels of 24900/ 24700 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs.
NCC ( Call of the Week Cash)
NCC NSE cash is trading in consolidation phase for short term and stock made a rage of 121 to 127 in last couple
of trading sessions. On daily chart, it is trading firmly above its important moving averages 21, 50 and 100 (EMA) ACTION
which confirming stocks bullish run. RSI the major indicator is also in positive zone and indicating further upside
move in the stock.
For this week, traders can adopt buy on lower level strategy in it and above the level of 127 it can test the level
of Rs. 132 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 124.
ESCORT ( Call of the Week Cash)
ESCORTS NSE Cash is looking bullish on the chart. In short term it was in correction phase and it has shown a
good strength in buying after its correction phase and gave positive closing on last trading session. It is trading
above its important moving averages 21, 50 and 100 (EMA) which is indicating fresh buying from the lower
HCLTECH ( Call of the Week Future )
HCLTECH Feb Futures is looking bearish on the charts as it has given breakout of its major trend line on daily
chart and sustaining below that. It’s also trading and sustaining below its major support levels of Rs.950. Trend
confirming indicator moving averages is also suggesting that it is in bearish trend as it is trading below its 21, 50 ENTRY PRICE
and 100 EMA o://n the charts
For this week, traders can adopt sell on higher level strategy in it and below the level of 923 it can test the level
of Rs. 905.85 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 932.70.
CIPLA ( Call of the Week Future)
Last week, CIPLA Feb Futures started the week on positive note as a sharp upside rally was seen in the stock on
Monday’s trading session but stock lack the further buying and due to which it was traded with negative
sentiments for the remaining sessions. It closed on negative note above the major support levels of 600 and for
this week we can expect good downside after breach of this level.
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