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"ee#
TECHNICAL VIEW
MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS
NIFTY 7798 7710 6845 7409
BANK NIFTY 15361 15297 14712 12971
NIFTY PIVOT REPORT
DAILY R2 R1 PP S1 S2
8040 7982 7953 7924 7866
WEEKLY R2 R1 PP S1 S2
8258 8042 7934 7826 7610
MONTHLY R2 R1 PP S1 S2
9088 8250 7831 7412 6574
BANK NIFTY PIVOT REPORT
DAILY R2 R1 PP S1 S2
16083 15969 15741 15627 1599
WEEKLY R2 R1 PP S1 S2
17129 16205 15743 15281 14357
MONTHLY R2 R1 PP S1 S2
19148 16710 15491 14272 11834
NSE EQUITY DAILY LEVELS
COMPANY R3 R2 R1 PP S1 S2 S3
$CC %& 1'(1 1')0 1'30 1'20 1'10 1)** 1)7*
$+,- %& 133 12* 127 12' 123 121 118
$M,./$C%M %& 221 217 21) 212 20* 207 202
$01$2 3$12 %& (32 (22 (1( (12 (0( (02 '*2
$410,$2- %& )12 )07 )0' )02 )00 3*7 3*2
,$/$/-$.5 %& 2332 22*( 2281 22(0 22)' 222) 2188
,$2-,657$ %& *(7 *)2 *31 *18 *0( 8*3 8(8
,$2-1271$ %& 308 300 2*( 2*3 28* 28( 278
,8%+ %& 2)0 23) 230 228 22' 223 217
,8$61$6+ %& 383 37' 370 3(7 3(2 3'* 3'1
C13+$ %& '18 '08 '03 )*7 )*3 )8( )7(
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C5$+1271$ %& 378 3(8 3(2 3'* 3'3 3'0 3)1
7+! %& 20) 1** 1*7 1*' 1*2 1*0 18(
766%779 %& 2*(1 28*3 28(0 282( 27*2 27'* 2(*1
:$1+ %& )'1 ))2 )37 )33 )28 )2) )1'
:6$01M %& 3'33 3)83 3)(2 3)33 3)12 3383 3333
8C+%C8 %& 171) 1('0 1(22 1'8( 1''8 1'23 1)'*
87!C %& 1123 1088 10(( 10') 1032 1020 *8'
87!C,$2- %& 882 8(1 8') 8)1 833 820 7**
8%65M55C5 %& 2()' 2'*' 2'(' 2')' 2'1' 2)*' 2))'
8127$+C5 %& 1*3 187 18' 181 178 17' 1(*
8127.21+;6 %& 72* 717 710 70( (** (*) (83
1C1C1,$2- %& 1'82 1'(3 1''1 1')3 1'32 1'2) 1'0'
1C %& 3'( 3'0 3)7 3)) 3)0 338 331
127.0127 ,$2- %& '83 '77 '73 '70 '(( '(3 ''(
12!9 %& 370' 3()' 3(23 3'8' 3'(3 3'2' 3)('
/127$+0%+ %& 303 2*8 2*( 2*) 2*2 2*0 28'
/3$005C1$ %& '* '' '3 '2 '0 )8 )'
-5$-,$2- %& 10(0 10)) 1037 1028 1021 1012 **'
+ %& 1'*( 1'(* 1'') 1')2 1'28 1'1( 1)8*
M %& 1)'3 1)18 1)0' 138) 1370 13'0 131'
M6! %& 2)70* 2)'08 2))17 2)308 2)21( 2)107 23*0(
M$6.1 %& 2828 278* 2772 27'0 2733 2711 2(72
52:C %& ))( )37 )32 )2* )23 )20 )11
561%2,$2- %& 2*) 28( 283 278 27' 270 2(2
6$2,$49 %& (8( ((3 (') ()0 (32 (17 '*)
6C5M %& 128 12' 123 122 121 11* 117
6%+C$31$+ %& (0' '8( '7* '(7 '(0 ')* '30
6%+1$2C% %& 1023 1011 100' 1000 **3 *88 *7(
6%+12!6$ %& 7(2 7)' 738 728 721 710 (*3
635W%6 %& 8*.0' 87.'0 8(.7' 8'.*' 8'.2' 8).)0 82.8'
0,12 %& 2('( 2'87 2''' 2'17 2)8( 2))8 237*
0%0$:5$ %& 30( 2** 2*' 2*2 288 28' 277
0.238$6M$ %& 8*3 87) 8(' 8'' 8)( 83' 81(
$$M5560 %& '3) '2) '17 '1) '07 '0) )*)
$$35W%6 %& *(.(0 *'.20 *).)' *3.80 *3.0' *2.)0 *1
$$0%%+ %& ''3 ')( ')1 '38 '3) '30 '22
.2152,$2- %& 237 228 22) 21* 21' 210 201
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NSE WEEKLY NEWS UPDATE
Havells India Jumps 12% Post Stock Split
8a<ells 1n=ia s>a"es ?@mpe= o<e" 12 pe" cent on @es=ay as t>e stocA Boes eC-split to=ay.0tocA
split inc"eases liD@i=ity of a s>a"e as mo"e "etail in<esto"s b@y t>e s>a"e =@e to its "e=@ce= p"ice
pe" s>a"e. >e company >a= anno@nce= a stocA split in t>e "atio of ':1E means e<e"y s>a"e wit>
face <al@e 6s. ' will be split into ' s>a"es of 6s. 1 face <al@e eac>. >e company >as fiCe=
We=nes=ayE $@B@st 27E 201) as t>e "eco"= =ate fo" allotment of split s>a"es. 1t means t>ose
in<esto"s w>o will >a<e one s>a"e in t>ei" =emat acco@nt on $@B@st 27 will Bet c"e=ite=
a==itional fo@" s>a"es of face <al@e 6s1 to t>ei" acco@nt.
Deposit Rs 630 crore penalty S! tells D"#
6eal estate ma?o" 7+! was on We=nes=ay =i"ecte= by t>e 0@p"eme Co@"t to =eposit 6s (30
c"o"e fine slappe= on it by t>e Competition Commission of 1n=ia (CC1# fo" alleBe=ly "eso"tinB
to @nfai" b@siness p"actices. >e apeC co@"t sai= t>e total amo@nt will be =eposite= wit>in t>"ee
mont>s wit> its "eBist"y pen=inB t>e o@tcome of t>e appeal file= by 7+! aBainst May 1* o"=e"
of Competition $ppellate "ib@nalFs @p>ol=inB t>e penalty of 6s (30 c"o"e impose= by t>e CC1.
$dani %uys &' mine royalty ri()ts
$=ani %nte"p"ises >as inAe= a pact to b@y o@t +inc %ne"ByFs "iB>ts to f@t@"e "oyalties f"om t>e
1n=ian B"o@pFs Ca"mic>ael coal p"o?ect fo" $G1'' millionE t>e $@st"alian fi"m sai= on >@"s=ay.
>e $@st"alian Bo<e"nment last mont> >a= clea"e= t>e B"o@pFs p"opose= Ca"mic>ael coal mine
p"o?ect in t>e :alilee ,asin in cent"al &@eenslan=.
Reliance In*ra approac)es $ppellate +ri%unal to keep +ata a,ay *rom -um%ai
net,ork
6eliance 1nf"a app"oac>e= t>e appellate t"ib@nal ($ptel# aBainst t>e state elect"icity "eB@lato"Fs
=ecision to allow ata 3owe" to @tilise its netwo"A to s@pply elect"icity in pa"ts of M@mbai. >e
$nil $mbani-le= 6eliance :"o@p company >as =enie= ata 3owe" access to its =ist"ib@tion
netwo"A. 6eliance 1nf"a appeale= befo"e t>e $ppellate "ib@nal wit> a p"aye" t>at ata 3owe"
as a licensee s>o@l= se"<e its cons@me"s on its own netwo"A. 8owe<e"E 61nf"a =i= not ob?ect to
t>e iss@e of licence to ata 3owe". $ptelE w>ic> a=mitte= 61nf"aFs petitionE is liAely to >ea" t>e
matte" on @es=ay.
Sot)e%y.s realty arm enters India
,ettinB biB on 1n=ian "ealtyE 0ot>ebyFs 1nte"national 6ealty $ffiliates ++C H a B"o@p company
of Blobal a@ction >o@se 0ot>ebyFs 1nte"national H >as siBne= an eCcl@si<e aB"eement wit>
7el>i-base= "eal estate cons@ltancy fi"m 6eal3"o to =e<elop its b"an= in 1n=ia by settinB @p a
b"oAe"aBe fi"m. 2o"t> 1n=ia 0ot>ebyFs 1nte"national 6ealty is set to sta"t ope"ations in 2ew
7el>i f"om 0eptembe" 201). +ate"E it will eCpan= to :@"BaonE 2oi=aE C>an=iBa"> an= /aip@".
Web: www.ways2capital.com | Mail: info@ways2capal.com | Contact: 1800-3010-2007 (oll !"ee#
/overnment o* India ties up ,it) #lipkart India Pvt to provide an online marketin(
plat*orm to )andloom ,eavers
>e .nion minist"y of teCtiles on Mon=ay anno@nce= t>at it >as siBne= a Memo"an=@m of
.n=e"stan=inB (Mo.# wit> !lipAa"t to p"o<i=e online ma"AetinB platfo"m to >an=loom wea<e"s
in t>e co@nt"y to boost t>e secto"E empowe" wea<e"s an= boost man@fact@"inB in t>e co@nt"y.
>"o@B> t>is eCcl@si<e aB"eementE !lipAa"t will p"o<i=e wea<e"s in 1n=ia online ma"AetinB
platfo"mE inf"ast"@ct@"al s@ppo"t in =ata analytics an= c@stome" acD@isition to >elp t>em Bet
"em@ne"ati<e p"ices fo" t>ei" p"o=@cts an= scale @p t>ei" b@siness.
-ut)oot #inance picks up 30% stake in "ankan 01#! *or 2 231 m
!acinB B"owt> >ea=win=s followinB "eB@lato"y tiB>teninBE lea=inB p@"e-play Bol= financie"
M@t>oot !inance to=ay anno@nce= b"anc>inB o@t to neiB>bo@"inB 0"i +anAa by acD@i"inB a 30
pe" cent staAe in $sia $sset !inance fo" G2.1 million. >e so@t>-1n=ia base= company acD@i"e=
1E(7E78'E(00 s>a"es in t>e 0"i +anAan financial se"<ice fi"mE w>ic> is liste= on t>e Colombo
0tocA %Cc>anBeE f"om $sia CapitalE a ma?o" s>a"e>ol=e" in t>e company.
#DI in services sector drops 22% durin( $pril4June period
!o"eiBn =i"ect in<estment (!71# in se"<ices secto" =ecline= abo@t 22 pe" cent yea"-on-yea" to
G738 million =@"inB $p"il-/@ne pe"io= of t>e onBoinB fiscal. >e se"<ices secto"E w>ic>
incl@=es banAinBE ins@"anceE o@tso@"cinBE 6I7E co@"ie" an= tec>noloBy testinBE >a= "ecei<e=
!71 wo"t> G*)' million =@"inB $p"il-/@ne 2013E =epa"tment of in=@st"ial policy an= p"omotion
=ata s>owe=.
"I! to invest Rs 50000 crore in e6uity market t)is *iscal7 S8 Roy
Co@nt"yFs la"Best ins@"e" +ife 1ns@"ance Co"po"ation plans to p@mp in abo@t 6s '0E000 c"o"e in
t>e eD@ity ma"AetE taAinB its total in<estment incl@=inB in bon=s to 6s 3 laA> c"o"e =@"inB t>e
c@""ent fiscal.
&0/! to invest Rs3 5219 cr in +apti Daman %lock
52:C sai= on >@"s=ay t>at t>e company will in<est 6s. 'E21* c"o"e in t>e 7aman
=e<elopment p"o?ect to en>ance nat@"al Bas an= con=ensate p"o=@ction f"om t>e apti 7aman
blocA in t>e Weste"n offs>o"e.
Rail stocks rally 1:% as /ovt noti*ies #DI norms
6ail stocAs to=ay Baine= as m@c> as 1).3 pe" cent afte" t>e :o<e"nment notifie= libe"alise= !71
no"ms fo" t>e secto"E pe"mittinB 100 pe" cent fo"eiBn =i"ect in<estment t>"o@B> a@tomatic "o@te
in se<e"al a"easE incl@=inB >iB> spee= t"ains.0>a"es of eCmaco 6ail I %nBinee"inB s@"Be=
1).2( pe" centE w>ile itaBa"> WaBons ?@mpe= ' pe" cent an= Containe" Co"po"ation of 1n=ia
Baine= '.8 pe" cent on t>e ,0%. $monB ot>e"sE -alin=ee 6ail 2i"man %nBinee"s "ose ).*( pe"
cent an= 0tone 1n=ia was @p ).** pe" cent.
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ID#! (ets o,ners; nod *or Rs3 20004cr issue %ut ,ill not rus) to t)e market
17!C may not looA at "aisinB capital =espite t>e s>a"e>ol=e"s app"o<al fo" an enablinB
"esol@tion to "aise eD@ity wo"t> 6s. 2E000 c"o"e t>"o@B> a follow-on p@blic offe"inB (!35# o"
D@alifie= instit@tional placement (&13#.
<!& 1ank *alls on reports o* a *orensic audit
>e stocA of state-owne= .C5 ,anA is =own 8 pe" cent to=ayE afte" "epo"ts of a fo"ensic a@=it
o"=e"e= by t>e Bo<e"nment into t>e banAJs non-pe"fo"minB loans. >is is t>e fo@"t> p@blic
secto" banA w>e"e a fo"ensic a@=it >as been o"=e"e= afte" 0yn=icate ,anA "ecently Bot
emb"oile= in a b"ibe"y scan=al fo" eCten=inB c"e=it to t>e >iB>ly le<e"aBe= ,>@s>an 0teel.
!o"ensic a@=it is also beinB con=@cte= into t>e acco@nts of 7ena ,anA an= 5"iental ,anA of
Comme"ce (5,C# on alleBe= misapp"op"iation of f@n=s f"om t>ei" fiCe= =eposit c@stome"s.
!anara 1ank %oard opts *or 571 stock split
>e boa"= of =i"ecto"s of Cana"a ,anA on $@B@st 2( >as B"ante= in-p"inciple app"o<al fo" t>e
s@b-=i<ision of one eD@ity s>a"e of t>e banA >a<inB a face <al@e of 6s. 10 eac> into fi<e eD@ity
s>a"es of face <al@e of 6s. 2 eac>. >e stocA split p"oposal is s@b?ect to "eD@isite app"o<alsE t>e
banA sai= in a comm@nication to t>e stocA eCc>anBe.
Stock -arket &vervie,
>e mont> of $@B@st >as been a B"eat mont> fo" 1n=ian benc>ma"A in=ices w>ic> "ose to f"es>
"eco"= >iB>sE s@ppo"te= by "ob@st !11 flowsE easinB :eo-political conce"nsE ="op in c"@=e oil
p"ices an= "ob@st mac"o =ata. >e benc>ma"A in=eC K0enseC "ose to a f"es> "eco"= >iB> of
2((30.7) ea"lie" t>is weeAE w>ile t>e 2ifty ma=e a f"es> >iB> of 7*(8.2'.
"a=inB fo" t>e weeA AicAe= off on a positi<e note on Mon=ay ami= fi"m Blobal c@es. >e 2ifty
manaBe= to eCten= its ea"ly mo"ninB Bains an= post a new all time >iB> of 7*(8.2'. 8owe<e"E a
s>a"p sell off =@"inB t>e secon= >alf of t>e session pa"e= =own all t>e Bains an= t>e in=eC
e<ent@ally close= ma"Binally in t>e "e= fo" t>e =ay. >is was followe= by a Bap =own openinB
on @es=ayL b@t t>e 2ifty manaBe= to "eco<e" f"om t>e =ayFs lows an= close= t>e =ay on a flat
note. >e "emaininB two sessions of t>e weeA t"a=e= wit>in a na""ow "anBeE maintaininB t>e
positi<e bias. >e 2ifty en=e= t>e weeA almost at t>e >iB>est point of t>e weeA. 5n t>e secto"
wiseE MetalE 6ealty an= 3owe" secto"s witnesse= a s>a"p co""ectionL w>e"eas t>e !MC:E $@toE
1 an= 8ealt> Ca"e stocAs we"e amonB t>e ma?o" Baine"s. >e 2ifty en=e= t>e weeA wit> a
nominal Bain of 0.'2M o<e" t>e p"e<io@s weeAFs closinB.
#uture &utlook
1f t>e moment@m s@stains in t>e ma"Aet t>en we contin@e to mention t>at t>e 2ifty may
B"a=@ally test 8000-80'0 le<elsE w>ic> coinci=es wit> t>e >iB>e" en= of t>e weeAly F.pwa"=
0lopinB C>annelF. 8owe<e"E t>is "esistance None is not fa" f"om t>e c@""ent le<el of t>e 2ifty.
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8enceE we wo@l= a=<ise t"a=e"s not to be aBB"essi<ely lonB on t>e K2ifty. $n impo"tant s@ppo"t
le<el fo" t>e 2ifty is now seen a"o@n= 78)0. $ s@stainable mo<e below 78)0 may neBate o@"
positi<e bias on t>e ma"Aet. 1n t>is scena"ioE t>e possibility of a nea" te"m co""ection to 77'0-
7(80 le<els on t>e 2ifty cannot be "@le= o@t.
7@"inB t>e ea"ly pa"t of t>e weeAE t>e banAinB in=eC =i= mo<e as pe" o@" eCpectationL b@t
co@l=nFt c"oss t>e 1(000 ma"A. We maintain o@" <iew t>at as lonB as t>e ,anA 2ifty t"a=es
abo<e 1''00E t>e bias "emains positi<e.
&ur Recommendation
&0/! !-P 4 :3= 7 "a=inB 0t"ateBy fo" 52:CE will it taAe 6esistance at )70 I 0>a"p
6e<e"sal O
$>IS 1$08 !-P 4 399 7 $l"ea=y "ecommen=e= =own si=e moment fo" ta"Bet of 3*) b@t
if stays below 3*) t>en le<el of 378-3(2 can be eCpecte=. 1n case if it not >ol= t>is le<el t>en
t>e @ltimate .p si=e ta"Bet ))2E )(7
IR1 !-P 4 252 7 ?)at to e@pect no, A
1f Bi<es closinB below 2)' t>en neCt le<el of 223 can be eCpecte= soon as below 2)' ma?o"
s@ppo"t is seen at le<el of 208. 5n b@yinB si=e one s>o@l= >a<e to wait le<el of 2(2 not befo"e
t>at.
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