WEEKLY TECHNICAL REPORT for 19 NOV. to 23 NOV. 2018
EQUITY TECHNICAL REPORT WEEKLY [ 19 NOV. to 23 NOV. 2018]
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ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT for 19 NOV. to 23 NOV. 2018
NIFTY (SPOT) @ 10682 Nifty this week given close around 10682.20 with positive basis, due to mix global market sentiments and short covering move, this week is it given minor negative close but upside it has strong resistance around 10750-10980 and it has weekly trend decider level is 10500 if it close below then more downside fall we will see in upcoming day’s so don’t carry heavy position in portfolio downside it will be test 10300-10110 so be cautious on higher levels, keep close watch on given levels and global market updates watch out.
TREND DECIDER THIS WEEK 10605
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WEEKLY TECHNICAL REPORT for 19 NOV. to 23 NOV. 2018
BANK @ 26325 Nifty Bank this week given close around 26245.55 with positive basis due to short covering move and some positive buying but don’t hurry for fresh buying keep close watch global market update, upside it has first resistance around 26500 and it has weekly trend decider level is 26000, if it close below then more downside fall possible up to 25500-25000 so be cautious on higher levels, this week it given close with flat basis due to short covering move, so keep close watch on given levels, watch out.
TREND DECIDER THIS WEEK 26324
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WEEKLY TECHNICAL REPORT for 19 NOV. to 23 NOV. 2018
SCRIPT NAME:- HDFCBANK
LTP :- 2004.75
CANDELSTICK CHART :-
S2
1880
S1
ACTION:- BUY
STRATEGY :- BUY ON DIP
STOPLOSS :- BELOW 1942
HDFC BANK
1942.50
PIVOT
1978
R1 - 2040
R2 - 2075
JUSTIFICATION
HDFC BANK FUT trading above 50 days SMA & close in weekly chart . Also share trading at major resistance level 1984.20 . we have recommended HDFCBANK future buy on dip with target 2040 to 2080 and strong support level is 1942 .
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WEEKLY TECHNICAL REPORT for 19 NOV. to 23 NOV. 2018
SCRIPT NAME:- SUNPHARMA CMP :- 521.25
ACTION:- BUY
STRATEGY :- BUY ABOVE 529
STOPLOSS BELOW 487
CANDELSTICK CHART : SUNPHARMA FUTURE
S2
452
S1
487
PIVOT
544.23
R1 -578.47
R2 -635
JUSTIFICATION
SUNPHARMA FUTURE trading at major weekly support level 521.25 .Also taking support of trend line in weekly chart . We have recommend buy above 529 with target of 578 to 624 level . And there is strong support level 487 .
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WEEKLY TECHNICAL REPORT for 19 NOV. to 23 NOV. 2018
SCRIPT NAME:- TECHM
CMP:728
ACTION:- Buy
STRATEGY :- Buy on decline
STOPLOSS :- 700
CANDELSTICK CHART :- TECHM cash
S2 -672
S1
700
PIVOT
719
R1 -748
R2 - 767
JUSTIFICATION This week TECHM given close around 728 with big bullish candle due to short covering move and fresh buying also, in daily chart found fresh breakout buy on decline strategy best buying around 718-719 and keep stop loss of 700 below on closing basis upside it will be test 745-765+ watch out.
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ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT for 19 NOV. to 23 NOV. 2018
SCRIPT NAME:- BOB
CMP :- 115.2
ACTION:-Buy
STRATEGY :-buy on decline
STOPLOSS :-109
CANDELSTICK CHART : BANK OF BARODA cash
S2
103
S1
109
PIVOT
112.5
R1 -119
R2 123
JUSTIFICATION This week BANK OF BARODA given close around 115.2+ with bullish candle due to short covering move and fresh buying also, in daily chart found fresh breakout buy on decline strategy best buying around 112.5-113 and keep stop loss of 109 below on closing basis upside it will be test 120-124+ watch out.
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ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT for 19 NOV. to 23 NOV. 2018
WEEKLY RECOMMENDATIONS: DATE
NAME
CMP
STRATERGY
CALL TYPE
19.11.2018
L&TFH
132.55
DAILY BASIS
19.11.2018
INFIBEAM
47.1
19.11.2018
DABUR FUT
395
19.11.2018
RBLBANK FUT
557.65
SELL ON RISE AROUND 133.5-133.6 SL 136 TGT 130-128 SELL ON RISE AROUND 48.5-48.7 SL 51.5 TGT 4441 BUY ON DIP AROUND 392-389 STOP LOSS BELOW 380 TARGET 405-415. BUY ABOVE 563.35 STOP LOSS 532 TARGET 589-621.
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DAILY BASIS WEEKLY BASIS WEEKLY BASIS
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT for 19 NOV. to 23 NOV. 2018
WEEKLY OPTION RECOMMENDATIONS: DATE
NAME
CE/PE
STRATERGY
CALL TYPE
19-11-2018
NIFTY
CALL
BUY ABOVE 110 FOR THE TGT OF 150-210
CE 10700
19-11-2018
BANKNIFTY
CALL
CE 26500
19-11-2018
RELIANCE
CALL
19-11-2018
YESBANK
CALL
19-11-2018
TATASTEEL
PUT
19-11-2018
MARUTI
PUT
BUY ABOVE 110.50 FOR 230-350. BUY ABOVE 20 FOR THE TGT OF 45-90 BUY ABOVE 10 FOR THE TGT OF 35-80 BUY ABOVE 20 FOR THE TGT OF 30-60 BUY ABOVE 140 FOR THE TGT OF 250-400
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CE 1140 CE 200 PE 580 PE 7300
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT for 19 NOV. to 23 NOV. 2018
DISCLAIMER Stock trading involves high risk and one can lose Substantial amount of money. The recommendations made herein do not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on technical analysis only. NOTE WE HAVE NO HOLDINGS IN ANY OF STOCKS RECOMMENDED ABOVE
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