WWW.SAIPROFICIENT.COM
{DAILY EQUITY REPORT (28/3/2016)}
SAI PROFICIENT RESEARCH DAILY EQUITY REPORT
28-3-2016 INFO@SAIPROFICIENT.COM SUPPORT@SAIPROFICIENT.COM
+919981999934, +919755855566 1
WWW.SAIPROFICIENT.COM
{DAILY EQUITY REPORT (28/3/2016)}
MARKET OUTLOOK
NIFTY closed with +1.60 or (0.02%) at 7716.50 BANKNIFTY closed with -44.00 or (-0.28%) at 15925.00. BSE to auction investment limits for Rs 5,035-cr govt bonds BHEL commissions 600-MW unit of Singareni project in Adilabad. Essar steel Minnesota hires debt restructuring advisers. GMR divest 51% stake in GMR OSE Hungund Hospet Highways. Wall street closes flat, five-week rally ends. Microsoft told potential Yahoo bidders it might back bids. SUNPHARMA, AstraZeneca enter partnership in type 2 diabetes. Aurobindo pharma climbs after USFDA nod for OTC drug. SBI leads mobile banking chart with over 38% market share.
2
WWW.SAIPROFICIENT.COM
{DAILY EQUITY REPORT (28/3/2016)}
NIFTY50 RBI RATE CUT MAY PROPEL NIFTY ,TRADING IN MARKET POSITIVE NSE NIFTY GAINED TO HOLD 7714 LEVEL IN TRADE TODAY, UP (+1.60 )POINTS TO 7716.50 AT CLOSE.
3
WWW.SAIPROFICIENT.COM
{DAILY EQUITY REPORT (28/3/2016)}
OBSERVATION:Nifty closed at 7716.50 with a gain of +1.60 points. On the daily chart the index has formed a bullish candle indicating positive bias.The index is moving in a Higher Top and Higher Bottom formation on the daily chart indicating sustained up trend. The chart pattern suggests that if Nifty crosses and sustains above 7730 level it would witness buying which would lead the index towards 7730-7770 levels.However if index breaks below 7690 level it would witness selling which would take the index towards 76450-7630 Nifty continues to remain in an uptrend in the short to medium term, so buying on dips continues to be our preferred strategy. The daily strength indicator RSI is moving upwards and above its reference line indicating positive bias. However momentum oscillator Stochastic has turned negative from the overbought zone indicating a possible consolidation or a down move in the near term The trend deciding level for the day is7620. If NIFTY trades above this level then we may witness a further rally up to 77307750-7770 levels. However, if NIFTY trades below 7690 levels then we may see some loss booking initiating in the market, which may correct up to 7 level.7640-7630.
Date
Index
Open
Close
High
Low
24-3-2016
Nifty
7714
7716.50
7746.55
7648.20
SUPPORT2 7575.92
SUPPORT 1 7644.63
RESISTANCE 1 7752.63
RESISTANCE 2 7791.92
4
WWW.SAIPROFICIENT.COM
{DAILY EQUITY REPORT (28/3/2016)}
BANK NIFTY BANKNIFTY IS OUT- PERFORM NIFTY-50
DATE 24-3-2016
Index Bank Nifty
SUPPORT 2 15656.7
Open 15952.65
SUPPORT1 15799.1
Close 15925
High 15963
Low 15810
RESISTANCE1
RESISTANCE2
16024.8
16108.1
5
WWW.SAIPROFICIENT.COM
{DAILY EQUITY REPORT (28/3/2016)}
SUNPHARMA SUNPHARMA, ASTRAZENECA ENTER PARTNERSHIP IN TYPE 2 DIABETES.
DATE 24-3-2016
SUPPORT 2 826.87
Index Sun pharma
CMP
Open
842.50
844.70
Close 846.20
High
Low
852
834.60
SUPPORT1
RESISTANCE1
RESISTANCE2
836.53
853.93
861.67
6
WWW.SAIPROFICIENT.COM
{DAILY EQUITY REPORT (28/3/2016)}
SBIN SBI LEADS MOBILE BANKING CHART WITH OVER 38% MARKET SHARE.
Date 24-3-2016
Stock
CMP
Open
Close
High
Low
SBI
196.25
196.90
196.60
197.60
195.30
SUPPORT 2 SUPPORT1 194.2
195.4
RESISTANCE1
RESISTANCE2
197.7
198.8
7
WWW.SAIPROFICIENT.COM
{DAILY EQUITY REPORT (28/3/2016)}
AUROBINDO PHARMA AUROBINDO PHARMA CLIMBS AFTER USFDA NOD FOR OTC DRUG
Date
Stock
24-3-2016
AUROBINDO PHARMA
SUPPORT 2 732.17
CMP 751
SUPPORT 1 742.28
Open
Close
High
Low
747.50
752.40
761.95
742
RESISTANCE 1
RESISTANCE 2
762.23
772.07
8
WWW.SAIPROFICIENT.COM
{DAILY EQUITY REPORT (28/3/2016)}
DISCLAIMER The information contained here was gathered from sources deemed reliable however; no claim is made as to accuracy or content. This does not contain specific recommendations to buy or sell at particular prices or time, nor should any examples presented be deemed as such. There is a risk of loss in equity trading and you should carefully consider your financial position before making a trade. This is not, nor is it intended, to be a complete study of chart patterns or technical analysis and should not be deemed as such. SAI PROFICIENT INVESTMENT ADVISORS does not guarantee that such information is accurate or complete and it should not be relied upon as such. Any opinions expressed reflect judgments at this date and are subject to change without notice. For use at the sole discretion of the investor without any liability on Sai Proficient Investment Advisors.
9