Equity Report Ways2Capital 03 June 2015

INDORE, India - June 3, 2015 - PRLog -- TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 8465 / 18770 . According to technical analysis if Nifty futures and Bank Nifty future moves up-word in tomorrow treading session then 8512 will be small resistance for Nifty futures and at the same time 18856 will be small Resistance for Bank Nifty futures, if it break this level then then Nifty futures can touch 8724 level and Bank Nifty futures can touch 19297 level in next few days. It will be hard resistance for Nifty futures and Bank Nifty futures. Meanwhile in revers there is small support on 8387 for Nifty futures and 18587 is for Bank Nifty futures after breaking this support with volume there is big support for Nifty futures on 8232 and 18022 for Bank Nifty futures.

NEXT WEEK STARS (AS PER TECHNICAL ANALYSIS PRIDICTION )

SBIN ( BULLISH ) - If it break level of 285 then it can touch level of 305. So we can say there is long position in SBIN with stop loss of 279.

BANK OF BARODA ( BULLISH ) - Bank of Baroda seems bullish for next week. If it break level of 166 then with stop loss of 158.50 we can take log position for 179.

ONGC ( BEARISH ) - It is looking week for next week as per technical analysis. Below 321 we can make short position in ONGC futures for the target of 298 with stop loss of 331.

4. ICICI BANK ( BULLISH ) - In chart it is looking good for traders. Traders can make long position above 325 for the target of 346 with stop loss of 307.

TOP NEWS OF THE WEEK

✍ Greenply Ind Q4 net profit at Rs. 45.6 crore

Greenply Industries Ltd has announced the following results for the quarter & year ended March 31, 2015.The company reported net profit of Rs. 45.6 crore in Q4 FY15 against Rs. 36.8 crore in the same period last quarter.During the period under review, the company's Total Income stood at Rs. 429 crore Vs Rs. 570.7 crore (YoY).The company has recommended dividend of Rs. 3 per equity share of Rs. 5.00 each and the Company will arrange to pay the same between August 29, 2015 to September 02, 2015, if approved by the members at the ensuing Annual General Meeting scheduled to be held on August 25, 2015.

✍ ONGC up on hopes of subsidy relief

ONGC is trading on a positive note on hopes of getting subsidy relief after the government announced that oil explorers - ONGC and Oil India may be spared the from payment of fuel subsidy in case global oil prices average up to $ 60 a barrel, but will have to pay a graded rate beyond this threshold.So far this calendar year, the average price of NYMEX Crude Oil futures has been below $ 60 a barrel. The NYMEX Crude currently trade around $ 59 a barrel.ONGC so far has advanced to a high of Rs. 327, and is now up 1.2 percent at Rs. 326. The counter has seen trades of around 49,000 shares as against the two-week daily average volume of around 242,000 shares on the BSE

✍ CEAT stock surges 4% on earnings

Shares of CEAT Ltd surged by 4% at Rs. 799 after the company posted Q4 results.

The stock has hit a high of Rs. 810 and a low of Rs. 799.The Group has posted a net Profit after taxes, minority interest and share of profit / (loss) of associates of Rs. 939.10 mn for the quarter ended March 31, 2015 as compared to Profit of Rs. 624.20 million for the quarter ended March 31, 2014.Total Income has Increase from Rs. 14575.80 million for the quarter ended March 31, 2014 to Rs. 14886.40 mn for the quarter ended March 31, 2015. The Board of Directors of the Company at its meeting held on May 22, 2015, has approved issue of non-convertible debentures upto Rs. 500.00 crores in one or more tranches, subject to approval of members of the Company.

✍ ITC stock down 3% post Q4 results

Shares of ITC is down by 3% at Rs. 319 after the company posted Q4 results.

The stock has hit a high of Rs. 322 and a low of Rs. 319.The Company has posted a net Profit of Rs. 23611.80 mn for the quarter ended March 31, 2015 as compared to Rs. 22780.10 million for the quarter ended March 31, 2014. Total Income has Increase from Rs. 95052.30 million for the quarter ended March 31, 2014 to Rs. 96631.50 million for the quarter ended March 31, 2015.

✍ Adani Group may foray into defence manufacturing

Adani Group is quietly evaluating a foray into defence and aerospace production, the latest among big industrial groups eyeing a piece of what many believe to be a sunrise sector under the Modi regime with its accent on big defence spending dovetailed with its 'Make in India' drive.Adani executives are meeting representatives of overseas defence companies to explore tieups for manufacturing a range of defence equipment, says report.

✍ Essar Oil falls 3% on weak Q4 earnings

Essar Oil started the day on a negative note - down 3.9 percent at Rs. 104 on reporting weak sets of earnings for the quarter ended March, 2015.The company reported 45.8 percent decline in Q4 net profit at Rs. 546 crore from Rs. 1,008 crore in Q4FY14. Total income also slumped 38.2 percent to Rs. 15,753 crore from Rs. 25,508 crore.
The stock is now down 3 percent at Rs. 104.30. The BSE counter has seen trades of around 24,000 shares, as against two-week daily average volume of 36,000 shares.

✍ Tata Motors falls ahead of Q4 results

Tata Motors continues to trade near the lowest level of the day at Rs. 495 - with a drop of almost 2 percent at Rs. 496, on hopes of weak earnings. On the BSE, so far 135,000 shares have changed hands at the counter as against the two-week daily average volume of 571,000 shares.

✍ Corporation Bank to cut base rate by 25 bps to 10% from June 1

Shares of Corporation Bank Ltd were trading flat at Rs. 55.40 on BSE today. The bank has revised the Base Rate for lending from 10.25% p.a. to 10% p.a. with effect from June 01, 2015. The stock opened at Rs. 56 as against the previous close of Rs. 55.25 on BSE. It has hit a high of Rs. 56 and a low of Rs. 55.05 on BSE today. Total traded quantity on the counter stood at over 7,576 lk shares on BSE.

✍ Dish TV stock rallies 14% on Q4 numbers

Shares of Dish TV surged 14% at Rs. 96 after the company posted Q4 results. The stock has hit a high of Rs. 98 and a low of Rs. 84. The Company has posted a net profit of Rs. 350.10 mn for the quarter ended March 31, 2015 as compared to net loss of Rs. (1490.50) million for the quarter ended March 31, 2014.  Total Income has increased from Rs. 6570.00 million for the quarter ended March 31, 2014 to Rs. 7683.80 million for the quarter ended March 31, 2015.

✍Power Grid raises Rs 3,000 crore

Power Grid is planning to raise about Rs 3,000 crore by selling bonds, according to report. Report says that there were about 18 arrangers for the Power Grid issue. Earlier, the company had  issued long-term bonds raising Rs 435 crore at an yield of 8.30%.


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