Equity Research Report 17 August 2015 Ways2Capital

INDORE, India - Aug. 18, 2015 - PRLog -- TECHNICAL TREND ( NIFTY - BANK NIFTY FUTURES )

Nifty futures/Bank Nifty futures market closed on 8545/ 18798. According to technical analysis if Nifty futures and Bank Nifty future moves down-word in tomorrow treading session then 8476 will be small support for Nifty futures and 18422 will be small support for Bank Nifty futures. If it break this level then then Nifty futures can go down to 8312 level and Bank Nifty futures can touch 17918 level in next few days. It will be hard support for Nifty futures and Bank Nifty futures. Meanwhile in up trend there is small resistance on 8628 for Nifty futures and 19227 is for Bank Nifty futures after breaking this level with volume there is big resistance for Nifty futures on 8819 and 20003 for Bank Nifty futures.

NSE - WEEKLY NEWS LETTERS

TOP NEWS OF THE WEEK

✍ HDIL declines 1.5% despite Q1 net profit - Housing Development & Infrastructuredeclined 1.5 percent to Rs. 87.10 after the company reported consolidated net profit of Rs. 59.24 crore in Q1FY16, as against Rs. 57.58 crore in a year ago period.The stock of the company closed at Rs. 87.05. The stock closed down 1.42% from its previous close which was at Rs. 88.30. It hit a high at Rs. 90.60 and low at Rs. 86.40. The total traded quantity was 19.63 lakh and two-week average quantity is 26.80 lakh..

✍ Sun TV Network slumps; Madras HC cancels Dayanidhi Maran's interim bail - Sun TV Network slumped to a low of Rs. 319 following news report that the Madras High Court cancelled former Union telecom minister Dayanidhi Maran's interim anticipatory bail in the controversial telephone exchange case and directed him to surrender before the Central Bureau of Investigation within three days.The stock recouped losses and ended a percent higher at Rs. 345.

✍ Engineers India crashes 7% on weak earnings - Engineers India tumbled 6.5 percent to Rs. 220 on the back of weak financial earnings for the first quarter ended June, 2015.The company's net profit declined by 29.4 percent to Rs. 56.80 crore in Q1FY16 from Rs. 80.40 crore in Q1FY15.The stock of the company closed at Rs. 220.35. The stock closed down 6.51% from its previous close which was at Rs. 235.70. It hit a high at Rs. 231.10 and low at Rs. 217.20. The total traded quantity was 1.73 lakh and low at Rs. 1.17 lakh.

✍ Tata Motors slips on plans to set-up new JLR plant - Tata Motors has slipped deeper into red in mid-noon deals amid reports that the company's European firm, Jaguar Land Rover (JLR) plans to invest up to 1 billion euros to set-up a new plant.According to media reports, the company has signed a letter of intent with the Slovakian government to build the factory in the western city of Nitra, its first European production plant outside of the United Kingdom. JLR will invest around 1 billion euros in the new plant, which will have a capacity of 300,000 cars per year.The stock so far has touched a low of Rs. 372, and is now trading with a loss of 3.3 percent at Rs. 373. The counter has seen trades of around 1.6 million shares as against the two-week daily average volume of around 1.1 million shares on the BSE.

✍ DHFL to acquires 50% stake in Pramerica Asset Managers - Dewan Housing Finance Corporation Ltd has now informed BSE that the Company has on August 11, 2015, acquired 50% equity stake in Pramerica Asset Managers Private Limited , the asset management company of Pramerica Mutual Fund; andPramerica Trustees Private Limited, the trustee for the Pramerica Mutual Fund, from PGLH of Delaware Inc. Accordingly, PAMC and PTC have become joint venture entities of Prudential and DHFL.At 1:26 PM, the stock of the company is trading at Rs. 515. The stock is trading down 1% from its previous close which was at Rs. 521. It hit a high at Rs. 527 and low at Rs. 512. The total traded quantity is 57,000 and two-week average quantity is 1.79 lakh.

✍ SBI Q1 Net Profit up 10.24% to Rs.3,692 cr - SBI  has announced the following results for the quarter ended June 30, 2015The bank’s consolidated net profit increased by 5.96% to Rs. 47136 crore in Q1FY16 from Rs. 44,482 crore in Q1FY15. The group’s total Income has increased by 3.80% to Rs. 6,29,275 crore for the quarter ended June 30,2015 from Rs. 6,06,209 crore for the similar quarter of the previous year.Standalone net profit of SBI rose 10.2 per cent to Rs 3692.43 crore in the first quarter of the ongoing financial year against Rs 3349.08 crore in the corresponding quarter last year.

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