WEEKLY EQUITY TECHICAL REPORT 10-FEBRUARY-2014
TOP FIVE GAINERS AND LOSERS
Symbol
LTP
% Change
Traded Qty
Value (in Lakhs)
Open
High
Low
Prev. Close
TATASTEEL
386.45
6.98
1,17,21,063
44,273.97
362.6
387
362.6
361.25
JPASSOCIAT
40.2
6.21
4,72,61,724
18,800.71
38.3
40.8
38.3
37.85
AMBUJACEM
163.7
5.04
32,17,551
5,178.97
156
163.85
154.85
155.85
IDFC
96.9
4.14
53,72,737
5,093.35
93.9
97.15
93.3
93.05
BANKBARODA
558.9
3.84
22,29,812
12,361.19
545.85
560.75
544
538.25
HINDUNILVR
577
-1.63
9,27,008
5,395.74
587.4
589.65
574.95
586.55
TCS
2,142.90
-1.49
9,95,456
21,477.26
2,190.00
2,195.00
2,131.00
2,175.25
WIPRO
561.5
-1.24
13,80,044
7,791.45
569.95
573.85
556.55
568.55
BHEL
155.25
-1.18
33,98,722
5,305.74
156
157.75
154.65
157.1
HCLTECH
1,394.05
-1.04
11,12,214
15,629.16
1,419.70
1,422.90
1,385.60
1,408.70
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NIFTY WEEKLY TECHNICAL LEVELS NIFTY FUTURE CHART
S2 – 5841.85
S1 – 5987.3
Close – 6075.05
R1 – 6132.75
R2 – 6278.2
JUSTIFICATION Currently Nifty is taking strong support at 5957 and 6023 of 38.2% and 33.33 % retracement level drawn from low of 5108 to6480 and Nifty will face strong resistance at 6156 .On weekly closing basis nifty showing weakness .This week nifty formed hammer pattern in weekly chart. This is the reversal pattern. We need to get confirmation on next week otherwise this pattern is invalid. Breaking below of 5957 on weekly closing basis would result the target price of 5800 – 5780 levels . For upside nifty will show strength only closing above 6156 level on weekly closing basis.
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BANK NIFTY FUTURE CHART BANK NIFTY CHART
S2 – 9654.3
S1 – 9810.75
CLOSE – 10281.25
R1 – 10594.15
R2 – 10829.4
JUSTIFICATION
Bank Nifty breaks below the 50% retracement (10349) value drawn from
8349 to 12349 and not able to close above the 50% retracement level. Next support would be 9877 -9683 levels .In daily chart bank nifty formed head and shoulder pattern still H & S pattern is valid and also bank nifty closed below 200 day sma in weekly chart it showing weakness exist in bank nifty .For Upside Bank Nifty would face strong resistance at 200 week sma (10790) and at up trend line .Use Sell on rise strategies in bank nifty
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STOCKS DAILY TECHNICAL LEVELS SESA STERLITE FUTURE CHART
Sesa Sterlite forms a negative divergence pattern in weekly view and formed the doji pattern .This indecisive pattern price ill move in either direction go long 204 on
weekly closing basis and short below 180 on weekly closing basis would result the target price of 172-166 levels .172 will act as strong support ( In daily chart 200 day sma comes at 172 ).
STOCKS DAILY TECHNICAL LEVELS |Page WWW.EPICRESEARCH.CO CALL: +917316642300
ADANI PORT FUTURE CHART
For past eight week BHEL is trading in the range of 181 – 152 and go short once breaks below 152 level on weekly closing basis would result target price of 142. In weekly chart RSI crossed over happens this indicates weakness will continue further and Go long when closing above 182 level
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Best Cash Buy Scripts Scrip Name
Buy Price
Stop loss
TargetHAVE
AMBUJA CEMENT
ABOVE 162
154
170-180
ITC
ABOVE 330
318
340-350
Best Sell Scrips Scrip Name
Sell Price
Stop loss
Target
FUTURE RETAIL LTD
BELOW 78
86.8
73-66
DR.REDDY'S LABORATORIES
BELOW 2578
2655
2526-2465
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