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03/08/2015

Equity Weekly Report 03-08-2015

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Nifty rose 111 points to shut shop at 8532 on the back of broad-based buying. For most part of the day, the Sensex and Nifty traded on a firm note led by gains in banking stocks. The strong rollover position in the current month at 64 percent has been higher compared to 59 percent seen in the previous month. This shows that investors are taking fresh long positions on hopes of better economic prospects in the near term. Also, globally there haven't been any major negative developments that could trigger a downfall.RESISTANCE: 8550, 8580, 8610 SUPPORT: 8520, 8490, and 8460

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  • 03/08/2015

  • SYMBOL LAST % CHANGE

    EMA-34 SMA50 (5 DAYS)

    BANKBARODA 177.5 13.96 155.48 153.27

    ASIANPAINT 882.8 3.98 812.39 781.46

    DRREDDY 4076.1 4.28 3729.22 3602.41

    CIPLA 709.05 4.56 661.09 641.12

    INFY 1077.05 -0.97 1027.77 1009.5

    BHEL 278.35 -0.71 268.13 258.95

    MARUTI 4331.45 2.3 4075.29 3964.44

    GRASIM 3716.25 1.18 3606.62 3530.56

    RELINFRA 414.6 0.85 402.42 393.56

    PNB 151 8.63 142.6 141.93

    HEROMOTOCO 2682.7 -2.11 2603.86 2586.9

    HDFCBANK 1111.65 0.34 1081.75 1058.78

    HCLTECH 998.25 4.79 949.44 946.1

    HDFC 1340.4 -1.35 1304.32 1273.02

    M%26M 1363.6 2.55 1295.77 1274.14

    COALINDIA 439.05 3.05 418.41 410.33

    ITC 326 3.64 314.58 311.79

    SIEMENS 1455.25 0.99 1418.69 1390.65

    ULTRACEMCO 3149.15 -1.72 3087.16 2993.53

    BPCL 926.75 -4.02 909.62 881.62

    WIPRO 569.85 0.55 562.92 557.89

    SBIN 270.05 2.58 265.69 265.11

    POWERGRID 142 -0.04 141.16 141.74

    HINDUNILVR 921.65 1.64 901.55 882.45

    IDFC 149.9 -4.64 153.45 151.74

  • LT 1791.25 -0.62 1788.96 1755.92

    RELIANCE 1001.85 -2.26 991.87 966.39

    DLF 115.05 11.48 111.92 112.55

    BAJAJ-AUTO 2525.3 1.12 2475.45 2430.16

    AXISBANK 573.5 -1.2 574.23 570.38

    NTPC 135.05 -2.14 136.32 136.28

    TCS 2510.75 0.22 2537.43 2558.81

    KOTAKBANK 695.4 -4.04 708.09 695.39

    AMBUJACEM 232.3 -3.27 238.22 234.06

    BHARTIARTL 418.8 -3.48 422.61 421.52

    ICICIBANK 302.4 0.6 306.25 306.01

    HINDALCO 105.2 -3.8 110.93 114.86

    SUNPHARMA 822.4 -1.65 867.63 871.17

    ACC 1387.4 -1.52 1436.1 1443.62

    CAIRN 172.95 -1.06 175.69 179.14

    GAIL 354.95 -1.7 372.12 381.78

    TATAPOWER 68.45 -4.67 72.6 73.05

    LUPIN 1696.7 1.47 1790.25 1801.3

    JINDALSTEL 79 4.36 86.61 92.86

    ONGC 272.7 -3.59 292.62 302.83

    TATAMOTORS 383.85 -1.64 410.35 426.36

    JPASSOCIAT 9.6 -8.57 11.69 12.3

    TATASTEEL 246.9 -6.85 282.84 295.24

  • NIFTY FUTURE

    Technical commentary

    Nifty rose 111 points to shut shop at 8532 on the back of broad-based buying. For most part

    of the day, the Sensex and Nifty traded on a firm note led by gains in banking stocks. The

    strong rollover position in the current month at 64 percent has been higher compared to 59

    percent seen in the previous month. This shows that investors are taking fresh long positions

    on hopes of better economic prospects in the near term. Also, globally there haven't been

    any major negative developments that could trigger a downfall.

    RESISTANCE: 8550, 8580, 8610 SUPPORT: 8520, 8490, and 8460

    Date: 03/08/15

    Call: LONG

    CMP: 8573

    Initiation Level:

    8575

    Book Profit (Level

    1): 8650

    Book Profit (Level

    2): 8800

    Stop Loss: 8400

    Conviction Level:

    moderate risk

    Reasoning: FRESH

    BUYING

    Short term Trend:

    DOWN

    Medium Term

    Trend: up

    For the long term

    Traders: sell on rise

    For Aggressive

    Traders: SHORT ON

    HIGH LONG ON

    DEEPS

    Support: 8520-

    8490

    Resistance- 8550-

    8610 10069-10454-10816

    Duration: 4-5 Days

  • Date and Time

    03/08/15

    Call: LONG

    CMP: 18820

    Initiation Level:

    18850

    Book Profit (Level

    1): 19000

    Book Profit (Level

    2): 19400

    Stop Loss: 18630

    Conviction Level:

    moderate risk

    Reasoning

    government reforms

    in PSU for capital

    adequacy.

    Short term Trend:

    up

    Medium Term

    Trend: down

    For the Traders: sell

    on rise buy on deeps

    For Aggressive

    Traders: sell on rise

    Support: 18630-

    18550

    Duration: 4-5 Days

    BANK NIFTY FUTURE

    Technical commentary

    Finance Ministry is expected to disburse about Rs 20,000 crore to various public sector

    banks in the next two months to shore up their capital base, Of this, Rs 10,000 crore

    would be provided to weak public sector banks which require more capital.

    Thats why on Friday banks have gained, and looking good for upcoming week also.

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