Equity Research Report Ways2Capital 3 Oct 2018


Posted October 3, 2018 by w2cstocktips

Overall trend of the Stock is bearish for long term . For short-medium term stock is in some recovery phase

 
Overall trend of the Stock is bearish for long term . For short-medium term stock is in some recovery phase. Last week stock started on negative note and traded with negative movement till Friday's trading session where it showed good recovery from lower levels . On daily chart stock has formed doji candlestick pattern which is sign of reversal. On intraday chart it showed good positive move with consolidation breakout. It can show further updside move.

For this week, traders can adopt buy on lower level strategy in it and above the level of 257 it can test the level of Rs. 267 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 252.

TECHM FUTURES:
Overall trend of the Stock is bullish for long term . For short-medium term stock consolidation phase . Last week stock started on positive note and traded with sideways movement throughout the week. On daily chart it has formed triangle price pattern on higher levels with good consolidation. If it manages to trade above 767.70 levels than good up side move can be seen in it. In intraday it showed a good positive move

For this week, traders can adopt buy on lower level strategy in it and above the level of 767.70 it can test the level of Rs. 780 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 762.50

NIITTECH NSE CASH:
Overall trend of the Stock is bearish for long term . For short-medium term stock is in some correction phase. Last week, it started on negative note and traded with negative movement throughout the week. But from lower level Pull back was seen in it Monday's trading session. On daily chart it formed bullish engulfing candlestick pattern now we can expect upside movement in it if it manages to trade above the levels of 1165.

For this week, traders can adopt buy on lower level strategy in it and above the level of 1165 it can test the level of Rs. 1200 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1142.

DHFL NSE CASH:
Overall trend of the Stock is bearish for long term . For short-medium term stock consolidation phase . Last week stock started on negative note and traded with negative movement throughout the week. On intraday chart it has gave breakout of its resistance levels with good consolidation. If it manages to trade above 307 levels than further upside move can be seen in it. In intraday it showed a good positive move.

For this week, traders can adopt buy on lower level strategy in it and above the level of 307 it can test the level of Rs. 327 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 299
Technical outlook: Nifty: The Nifty futures started the last week on negative note on Monday and traded with negative note but managed to recovered some losses in second trading session. Last three session was again dominated by the bears as index after gap opening immediately slipped into red and showed sharp fall in all three session. On weekly basis index gave closing with 212 points or 1.91% loss. On Last trading session index has breached its crucial support placed at 10,900 levels but could not give closing below this levels and if it manages to trade below this levels than further selling can be seen in it. Major resistance is placed at 11150 levels while down side support is placed at 10890 levels. On option front, maximum Put open interest is at 10,800 strike while maximum Call is at 11,200 and 11,500 strikes. For this week, traders can adopt sell on higher level strategy in it and below the level of 10,890. It can test the level of Rs. 10,770 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 11,001. Bank Nifty: The Nifty Bank index started the last week on negative note and traded with bearish movement. After closing on bearish note on Monday, Index showed some consolidation near its major support levels of 25000, for next four trading session and gave closing on negative note on weekly basis with loss of 477 points. Going ahead, index has breached its major support levels of 25550 on daily charts and trading below this support levels. if index manages to trade below the levels of 25000 in coming session than further down side move can be expected in it. Resistance is placed at 25550 on upside while support is placed at 24700 on down side. For this week, traders can adopt sell on higher level strategy in it and below the level of 25000. It can test the level of Rs. 24700 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 25200.
wasim.rizwan:
Nifty: Fundamentals: This week, our Indian Equity market repeats its last week sentiments as major selling was seen across all the indices. Nifty falls for the straight 4th week, corrects 8% from the record peak. On global front world market remained mixed in sentiments as some were negative while some remained positive on weekly basis. As last week it was NBFCs who showed good amount of pressure on index , this time private bank and IT major Yes bank , Infi beam were respectively main culprit to made huge sentimental pressure on index as both stocks fall 18% , 70 % respectively. In near futures Fears of liquidity crisis loom large on the financial space taking the cues from RBI's latest order on Bandhan Bank regarding RBI’s licensing norm. On sectorial front Energy and IT were the positive while major selling was seen in Realty , Telecom and Auto. crude oil again hits its 52 week high on Friday's trading session which will again going to affect our Indian Equity market in coming sessions. USD/INR is consolidating near its all time high and if its gain some more strength in coming days than it could further impact the sentiments of traders and investors.

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Last Updated October 3, 2018