Financial Markets

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Special Reports

	Light House - A Quick Perspective - RBL Bank Ltd. - 03 January 2020 RBL Bank Ltd. 03 Jan 2020
At CMP of `358, risk-reward strategy seems favourable even though it has recently run up from its lows, it is trading at P/ABV of

	Light House - A Quick Perspective - Spandana Sphoorty Financial Ltd. - 09 December 2019 Spandana Sphoorty Financial Ltd. 09 Dec 2019
Micro-Finance in India remains the bright spot with `5-6 Tn opportunity (As per ICRA Research- Report titled “Indian Microfinance

Fundamental Research

Rites Ltd.

02 Jan 2020

RITES Ltd (RITES) is a wholly owned Government Company, a Miniratna (Category - I) Schedule ‘A’ Public Sector Enterprise engaged

Derivative Strategies

Buy 1 lot of BHARATFIN March 980 Call at 23.50

Sell 2 lots of BHARATFIN March 1020 Call at 9.50

Bharat Financial has been trading in narrow band of 900-970 for last 2 months and in this duration made multiple attempts to break this range on higher side. However, Bharatfin failed to sustain above 970 and every time saw profit booking that dragged the stock below. In Tuesday’s trade, finally stock broke the range on higher side and added fresh longs in Future segment. Our short-term view on counter remains bullish and expect it to test 1020-1030 in short term. Keeping this in mind, we recommend initiating Bull Call Ratio Strategy in Bharatfin at current levels.

Morning Notes

17 Jan, 2020 - On Thursday, Nifty Jan future ended with a nominal loss of 0.03% whereas Nifty Bank Jan future ended with a nominal loss of 0.03%. • Nifty Jan future closed at premium of 18.85 compared to its previous day’s premium of 34.75. Nifty Bank Jan Future ended with a premium of 81.80 compared to its previous day’s premiu

Technical Ideas Today

28 Jan. 2020 | All figures in `

Equity	Action	Initiation	Target	SL
CONCOR	BUY	Around 563	590	548
DLF	SELL	Below 255	234	265

Equity Derivatives	Action	Initiation	Target	SL
UPL	SELL	Around 542	516	557

Currency Derivatives	Action	Initiation	Target	SL
USDINR	BUY	Around 71.40	71.80	71.15
EURINR	SELL	Around 78.90	78.40	79.25
GBPINR	BUY	Around 93.30	94.10	92.80

Commodity Derivatives	Action	Initiation	Target	SL
GOLD	BUY	Around 40500	41290	40100
ZINC MINI	SELL	Around 178	172	182
GUAR SEED	SELL	Around 4030	3880	4130

Knowledge and Awareness Series

Life Insurance - A Need Analysis

Read to know how to avoid a possibility of misselling a policy

Sector Rotation

In this series, we have analyzed how economic cycles impact various sectors of the economy and more.

Types of Japanese Candlestick Patterns

In this edition we are going to discuss the types of Japanese candlestick pattern.

Way2Wealth Securities Private Limited - ARN: 0009.

Way2Wealth Brokers Private Limited – NSE: 11502, BSE: 3117, SEBI Reg. No: INZ000178638, RA: INH200002739 | PMS: INP000000829 | AMFI Regn. No.: ARN 77558 DP SEBI Regn. No. CDSL: IN-DP-CDSL-526-2009 | CIN: U67120KA2000PTC027628.

Way2Wealth Commodities Private Limited - MCX: SEBI: INZ000049130, MCX Member ID: 40040. NCDEX: SEBI: INZ000049130, NCDEX Member ID: 00908, CIN: U51229KA2006PTC039880.

Way2Wealth Insurance Brokers Private Limited - IRDA License No - 222, CIN: U66010KA2003PTC032003

AlphaGrep Securities Private Limited: SEBI Regn. No.: INZ000007930, NSE: 30059, BSE: 6630, CIN: U66010KA2002PTC029982

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Research

Special Reports

Light House - A Quick Perspective - RBL Bank Ltd. - 03 January 2020
RBL Bank Ltd.

Light House - A Quick Perspective - Spandana Sphoorty Financial Ltd. - 09 December 2019
Spandana Sphoorty Financial Ltd.