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Equity Research Report Ways2Capital 18 Sep 2018



YESBANK Sept Futures started the week on negative note and after that it witnessed bearish movement for the entire week. It made a low of 323 during the week and closed at 323.45 with the overall loss of 6.34% on weekly basis. Technically YESBANK Futures in the bearish trend but for this week, we can expect short covering from the lower levels as open interest and volume giving the sign of recovery.

For this week, traders can adopt buy on lower level strategy in it and above the level of 331 it can test the level of 351 during the week. Trades can make buy position in it by maintaining a Stop Loss of 324.00
Last week, RITES started the week with down side correction but after it gave up side movement. It made a high of 288.50 during the week and closed at 261 with the overall loss of 10.30% on weekly basis. Technically it’s recovering from it's correction face and forming bullish harami pattern and for this week, we can expect further long unwinding in it.

For this week, traders can adopt buy on lower levels strategy in it and above the level of 271 it can test the level of 284 during the week. Trades can make buy position in it by maintaining a Stop Loss of 262

JUBLFOOD Sept Futures started the week on negative note and after that it witnessed bearish movement for the entire week. It made a low of 1398.15 during the week and closed at 1415.35 with the overall loss of 9.11% on weekly basis. Technically JUBLFOOD Futures in the bullish trend but it witnessing profit booking from higher levels and for this week, we can expect downside movement in it.

For this week, traders can adopt sell on higher level strategy in it and below the level of 1406 it can test the level of 1378 during the week. Trades can make sell position in it by maintaining a Stop Loss of 1426

Last week, RALLIS started the week with down side movement but in the later part of the week, it's recovered from lower levels and given the up side movement for the remaining week. It made a high of 209.40 during the week and closed at 201.50 with the overall loss of 3.50% on weekly basis. Technically it’s given trendline breakout with consolidation from the lower levels and for this week, we can expect upside movement in it.

Overall trend of the Stock is bullish for long term . For short-medium term stock is in some consolidation phase. Last week stock started on negative note but soon stock started buying from lower levels. Stock has gave breakout of its major resistance levels on daily chart and trading above this levels . It can show good positive move in coming weeks if it manages to trade above 416 levels.

For this week, traders can adopt buy on lower level strategy in it and above the level of 416 it can test the level of Rs. 428 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 407.

INFIBEAM:
Overall trend of the Stock is bullish for long term . For short-medium term stock is in bullish phase . Last week stock started on negative note but soon stock started buying from lower levels. On daily chart it has formed flag price pattern on higher levels with good consolidation. If it manages to trade above 238.60 levels than good up side move can be seen in it. In intraday it showed a good positive move

For this week, traders can adopt buy on lower level strategy in it and above the level of 238.60 it can test the level of Rs. 248 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 233.60

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News Release: Equity Research Report Ways2Capital 18 Sep 2018
Submitted on: September 18, 2018 10:01:18 AM
Submitted by: Vijay
On behalf of: https://www.ways2capital.com
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