WEEKLY EQUITY TECHICAL REPORT 17-FEBRUARY-2014
EQUITY WEEKLY REPORT (17 FEBRUARY 2014)
TOP FIVE GAINERS AND LOSERS
Symbol TATAMOTORS
% Change
LTP
Traded Qty
Value (in Lakhs)
Open
High
Low
Prev. Close
389.65
3.64 66,88,954
25,708.33
380.2
390
380.2
375.95
GAIL
359.7
2.43 5,27,363
1,881.63
350.1
362
346.75
351.15
NTPC
132.65
1.96 22,51,143
2,971.51
131.4
132.9
129.65
130.1
27,036.35
3,615.5 5
3,664.00
3,603.25
3,585.80
17,217.50
811.9
824
808
807.4
-3.05 4,73,215
8,733.61
1,904.7 0
1,904.70
1,818.00
1,902.85
INFY RELIANCE
BAJAJ-AUTO
3,654.95 821.9
1,844.80
1.93 7,45,271 1.8 21,07,250
BHEL
148.4
-2.34 45,04,273
6,663.17
152
152.4
145.55
151.95
AMBUJACEM
150.5
-2.3 16,07,887
2,435.31
153.3
154.85
150.1
154.05
1,174.70
1,688.4 5
1,690.10
1,651.10
1,688.45
12,268.35
384.7
384.7
370
380.3
ULTRACEMCO CIPLA
1,653.00 372.8
-2.1 70,557 -1.97 32,69,119
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EQUITY WEEKLY REPORT (17 FEBRUARY 2014)
NIFTY WEEKLY TECHNICAL LEVELS NIFTY FUTURE CHART
S2 – 5794
S1 – 5957
Close – 6058
R1 – 6156
R2 – 6245
JUSTIFICATION Currently Nifty is taking strong support at 6023 off 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 made high of 6128 and low of 5992 trading in the range of 135 points (Moving between two fibonacci retracement levels) and taking strong support at 41 weekly sma (5997) Breaking below 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. Weekly nifty is trading between the channel lines (buy at Support level and sell at resistance). Nifty is facing a strong resistance at 6348 levels (high of 2008 and 2010) .We may see strong up move only closing above the resistance level (weekly closing basis / monthly closing basis) .Strong support is at 5600-5750 levels (channel line support ).On Aug 2013 nifty went below channel line but closed above channel line on weekly closing basis .Channel line would act as strong support . 3|Page WWW.EPICRESEARCH.CO CALL: +917316642300
EQUITY WEEKLY REPORT (17 FEBRUARY 2014)
BANK NIFTY FUTURE CHART BANK NIFTY CHART
S2 – 9683
S1 – 9877
CLOSE – 10239
R1 – 10462
R2 – 10615
JUSTIFICATION Bank Nifty breaks below the 50% retracement (10349) value drawn from 8349 to 12349 .This weekly Bank Nifty made high of 10421 and not able to close above the 50% retracement level (10349) which acts as strong resistance . 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 banknifty 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).
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EQUITY WEEKLY REPORT (17 FEBRUARY 2014)
STOCKS DAILY TECHNICAL LEVELS TATAMOTORS FUTURE CHART
S2 – 370.00
SCRIPT NAME: TATAMOTORS
S1 –360.00
CMP: 388.80
ACTION – BUY
CLOSE – 388.80
STRATEGY – AROUND 391
R1 –394.00
STOPLOSS – 380
R2-405.00
TGT – 402-405
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EQUITY WEEKLY REPORT (17 FEBRUARY 2014)
STOCKS DAILY TECHNICAL LEVELS BHEL FUTURE CHART
S2 – 129.50
SCRIPT NAME: BHEL
S1 –135.00
CMP: 147.75
ACTION – SELL
CLOSE – 147.75
STRATEGY – AROUND 145
R1 –152.00
STOPLOSS – 152
R2-158.00
TGT – 140-135
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EQUITY WEEKLY REPORT (17 FEBRUARY 2014)
Best Cash Buy Scripts SCRIP NAME
BUY PRICE
STOP LOSS
TARGET
DLF
ABOVE 146
142
152-155
ABOVE 824
808
835-840
STOP LOSS
TARGET
RELIANCE INDUSTRIES
Best Sell Scrips SCRIP NAME
SELL PRICE
HERO HONDA MOTORS
BELOW 1908
HDFC
BELOW 755
1960 786
1822-1800 740-735
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EQUITY WEEKLY REPORT (17 FEBRUARY 2014)
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