Equity Research Report Ways2Capital 1 may 2019
Added: (Wed May 01 2019)
Pressbox (Press Release) -
Last week our Indian Equity market opened on negative note on Monday but after made low of 11654 it moves in positivee note and give closing at 11813.50
Nifty tested once again level of 11800 but not sustained at above 11800 and give closing below it.according to global market aspect due to falls in crudeoil prices
And week dollar index nifty can go upward side. In upcoming trading sessions oil marketing companies cemant industries and it index can give strength to nifty .
Nifty volatility index moves in the range of 24-26 which is too high suggest that nifty moves in volatile movemnet. Upcoming quarterly result of major stock like kotak bank,HUL boost volatility in nifty index.
Last week nifty index started on negative note but after that it shows positive trend and give closing at 11813.50. nifty tested
once again level of 11800 but not sustained at above 11800 and give closing below 11800. According to technical analysis nifty consolidate on the levl of 11800 we can expect that nifty can go upside from here also positive global sentiments can also suggest positivity in nifty .
For next week traders can make long positions in nifty frm the level of 11900 for the TGT of 12300 with SL of 11650.
BANK NIFTY ANALYSIS:
The Nifty Bank index started the last week on negative note open at 30379 after that it moves in negative trend and made low of 29625 but not able to give closing
Below 29500 which is major support for bank nifty, According to technical analysis bank nifty jump up from the level of 29600 and give closing at 30177.
30000, Will be the major resistance for bank nifty and able to give closing above this level, from here we can expect upside movement in it
For Next week traders can make long positions in bank nifty from the level of 30900 for the TGT of 31500 and with SL of 30300.
WEEKLY FUTURES: BUY TITAN FUTS ABOVE 1155 TGT 1175, SL 1140
Last week TITAN futs open at positive note and made a high of 1173.40 after that ist shows some negative trend from here and made low of 1119.75 and give closing at 1147.20 shows some recovery from lower level. According to technical analysis TITAN formed a long shadow candle on weekly chart and give clsing at poasitive note we can expect further upside movement in
For next week Traders can make long position in TITAN futs from the level of 1155 with the TGT of 1175 with SL of 1140.
WEEKLY FUTURES: BUY ICICI BANK FUTS ABOVE 411 TGT 415.90 SL 408
Last week ICICI BANK futs open at negative note and made low of 397 break important support level of 400 but from here it can support and shows recovery from here and give closing at 409.55 which shows bullishness in icicibank we can expcet upside movement in it from above the level of 400
For next week traders can make long positions in it from the level of 411 for TGT of 415.90 with SL of 408
WEEKLY CASH: BUY JSWSTEEL CASH ABOVE 300 TGT 310,SL 295
Last week jswteel open at positive note and moves in consolidation and give closing at 294,According to technical analysis from last 4-5 weeks jswsteel moves in consolidation and moves in the range of 285-300 which shows that 285 is major support for it and 300 is major resistance for jswteel if it break 300 in upside can go furhther from here
For next week traders can make long position from here from the level of 300 for the TGT of 310 with sl of 295
WEEKLY CASH: BUY HINDPETRO CASH ABOVE 286 TGT 296 SL 280
Last week HINDPETRO open at negative note and made low of 246, from this lower it shows smart recovery from here and give clsing at 282.90 able
To regain it positive trend shows some strength from lower side. According to technical analysis 280 is major supprort from it which he was ablt to broke on last week but not sustained at lower level and give cloing above it. From this level we can expect updise movement in it
For next weeek traders can make long postions in it from the levl of 286 with TGT of 296 with SL of 280
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