Equity Research Report Ways2Capital 5 Feb 2018

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Nifty Analysis

Fundamental Outlook

Last week, equity benchmark index Nifty Feb futures moves in lower level with the negative bias for the entire
week and made a low of 10735. Fundamentally Nifty is still looking bearish due to continuous negative trends
from FII & DII. Outcomes of union budget are also made negative sentiment in the market. Introduction of
LTCG(LONGTERM CAPITAL GAIN TEX) in union budget affect the market on the other hand negative trend in Asian
market and European market also impact to Indian market.

Technical Outlook

Nifty traded with a PE Ratio range of 27.716 – 26.04 during the week and sustaining in this range from the last
couple of months. FII & DII activity witnessed almost negative trend for the entire week & provided support to
benchmark index to sustain on the negative Levels

Technical Outlook

Last week, Nifty Jan Futures started the week on negative note and continued the same for the entire week. It made a low of 10735 during the week and closed at 10756
Nifty last week break important level of 10900 and moves below the important support level of 10900 for the
entire week with the overbought RSI and below 20Days & 50Days SMA.

Bank Nifty analysis

Technical Outlook
Last week, Bank Nifty Jan Futures made a LOW of 25425and closed at 26504. On weekly basis. Bank nifty break
the major support level of 26800 and moves below this import support level with negative RSI. It’s also
sustaining below the import technical indicators like 20Days & 50Days SMA and technically for this week, we can further expect downside movement in it..

POLLARIS ( Call of the Week Cash)

Technical Outlook
Last week pollaris started the week in negative note after that traded higher for the week it broke the major
resistance level of 440 during the week but unable to give closing above the level of 440. Technically it still sustaining on higher levels with oversold RSI & positive bias and for the week we can expect further upside movement in it.

For this week, traders can adopt buy on lower level strategy in it and above the level of 444 it can test the level
of Rs.475 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.424.

RADICO ( Call of the Week Cash)

Technical Outlook
Last week radico started the week on negative note and after that traded higher for the entire week. It broke
the major resistance level of Rs.350during the week but was unable to sustain above it and closed at Rs.324.80 Technically it’s still sustaining on higher levels with oversold RSI & positive bias and for this week we can expect further upside movement in it.

MOTHERSUMI ( Call of the Week Future )

Technical Outlook
Last week Mothersumi break the major support level of 350 and give closing below of 350 on daily chart Equity Research Report Ways2Capital 5 Feb 2018 of mothersumi gives major trend line breakout it. If mothersumi future can sustain below the level of 350 we can expect further downside movement in it for this week we can go sell on higher level strategy in it.

TECHM ( Call of the Week Future)

Technical Outlook

TECHM consolidating in a tight range from last two to three days and trading above its 200days
in it on lower levels.

Technically techm in short term consolidation trend with the positive RSI and for this week, we can go for buy

Average. Last week, it tasted the major resistance level of Rs. 625 on the upside but was unable to break it.

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