Equity Research Report Ways2Capital 3 July 2018


Posted July 3, 2018 by w2cstocktips

Overall trend of the Stock is bullish for long term . For short term stock is in some consolidation phase.

 
HINDUNILVR:
Overall trend of the Stock is bullish for long term . For short term stock is in some consolidation phase. Last week stock started on negative note and traded with sideways movement throughout the week. Stock is trading near its major resistance levels of 1650 on daily chart. If it manages to trade above the levels of 1645 than further upside can be seen in it . Stock has showed a good positive move on intraday chart.

For this week, traders can adopt buy on lower level strategy in it and above the level of 1648 it can test the level of Rs. 1699.50 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1613.90

ASIANPAINTS:
Asian paints is looking bullish on long term charts. In short term stock was in some consolidation phase. Last week stock started on negative note but from lower levels good buying was seen in the stock. On daily chart stock has gave breakout of its important resistance levels of 1285 and trading above this levels . On intraday chart stock has gave breakout of its major trend line and it is looking very positive in upcoming trading sessions.

For this week, traders can adopt buy on lower level strategy in it and above the level of 1285 it can test the level of Rs. 1325 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1259.80

GODREJCP FUTURES:
Overall trend of the Stock is bullish for long as well as short term phase. Last week stock started on positive note and traded with positive movement throughout the week. Stock is trading near its 52 week high on daily chart. If it manages to trade above the levels of 1244 than further upside can be seen in it . Stock has showed a good positive move on intraday chart.

For this week, traders can adopt buy on lower level strategy in it and above the level of 1244 it can test the level of Rs. 1264 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1235.


JUBLFOOD FUTURES:
JUBLFOOD is looking bullish on long term charts. Last week stock started on positive but couldn't maintain the same buying in whole week as stock showed some profit booking from higher levels. On daily chart stock is about to give breakout of its 52 week high. On intraday chart stock has showed good positive movement. If it manages to sustain above 1415 levels than further buying can be seen in it.
For this week, traders can adopt buy on lower level strategy in it and above the level of 1415 it can test the level of Rs. 1445 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1399.


Nifty future started the last week on negative note and continued its bearish run till last session of the week where Index showed a good recovery curtsy to fresh long positions in F&O segment after expiry . it gave closing on negative note on weekly basis with loss of 0.99%. index gave breakout of its major down- trend, trend line on daily chart and gave closing below its major support levels of 10750. Hence, in the next weekly trading sessions bears shall pick up momentum once they manage to push the prices below 10,590 levels and selling shall get accelerated further on a close below 10,550 levels on the other side major resistance is paced at 10830 levels. On the options front, maximum Put OI is placed at 10,600 followed by 10,500 strikes while maximum Call OI is placed at 11,000 followed by 10,800 strikes
For this week, traders can adopt sell on higher level strategy in it and below the level of 10590. It can test the level of Rs. 10440 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 10701

Bank Nifty:
Nifty Bank fut started the last week on positive note on Monday but could not continue its positive run throughout the week as it observed selling pressure from higher levels and gave closing on negative note on weekly basis. It has gave breakout of its major trend line which was earlier acting as support for the index. if it manages to trade below the levels of 26100 than further downside can be seen in it. Major resistance is placed at 26440 & 26700 levels while support is placed at 26065 & 25700 levels.

For this week, traders can adopt sell on higher level strategy in it and below the level of 26065. It can test the level of Rs. 25700 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 26265.


Equity benchmarks ended June on a subdued note as the Nifty snapped its five week winning spree and settled the week at 10714, down 108 points or 1% Despite weak global and domestic cues, the Nifty has managed to hold the key support area of 10550 on three occasions during June 2018, highlighting significance of 10550. On the sartorial front, we expect FMCG, IT stocks to outperform. Auto stocks will be in focus ahead of monthly sales number. At the same time, bargain buy opportunity would be seen in infra and metals

On the Economic front USD/INR remain of the major factor for Indian equity market's bearishness as US Dollar gave closing near to its 52 week high on weekly basis. Crude oil price also remained bullish for whole week. Nifty P/E ratio was in the range of 26.48 to 25.90 for the past week.

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Categories Business , Finance , Human Resources
Tags accurate stock tips , shares tips
Last Updated July 3, 2018