EQUITY TECHNICAL REPORT WEEKLY [ 06 NOV to 10 NOV 2017]
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 06 NOV to 10 NOV 2017
NIFTY 50 10452.50 (129.00) (1.24%) The benchmark Index Nifty logged gains on first trading day of the week. After trading in a narrow range throughout the day, the market has closed on a bullish note. The week has begun on a positive note, with the Nifty closing above the 10350 - mark. On Tuesday, Nifty50 started flat continued led by the mixed sentiments over the corporate earnings. Indices ended the session on a quiet note, with the Nifty ended an almost quarter of a percent lower. World Bank has ranked India 100 for 2018 from 130 in 2017, a huge leap of 30 places with ease of doing business compared to other 190 Nations (Brazil-125, Russia-35, China78, South Africa-82). Moreover, Investor Protection given a rank of 13 in 2017 and 4 in 2018, Getting Credit-44 in 2017, 29 in 2018, Paying Taxes-172 in 2017 and 119 in 2018, Resolving Insolvency136 in 2017 and 103 in 2018. On Wednesday, The Nifty50 scaled record high and made a strong bullish candle on the daily chart. The Nifty 50 notched up decent gains to end the day with net gains of 105.20 points, or 1.02 per cent On Thursday, The Nifty50 in a narrow range before ending the day with a minor loss of 16.70 points, or 0.16 percent and closed at 10424. On Friday, The benchmark Index Nifty after crossing the 10,450 level for the first time ever, The bulls are not going to let go of the momentum easily. The Nifty index recovered from an Intraday low of 10,403 and closed at 10,452 marks. The benchmark Index Nifty50 (spot) opened the week at 10353.85 made a high of 10461.70 low of 10323.95 and closed the week at 10452.50.Thus the Nifty closed the week with a gained of 129 points or 1.24%.
Formations
The 20 days EMA are placed at 10246.90
The 5 days EMA are placed at 10404.50
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Future Outlook: The Nifty daily chart is consolidate trend; The Nifty has created A ‘Hanging Man’ pattern is a bearish reversal candlestick pattern that gets formed at the end of an uptrend. It is formed when the index witnesses significant downside in early trade, but the bulls manage to push it back to the opening level. we advised to if Nifty future trade above 10500 than target will be around 10600. or if nifty future trade below at 10425 than target will be around 10325 Nifty upside weekly Resistance is 10586-10536. level. On the downside strong support at 10394-10300.
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 06 NOV to 10 NOV 2017
Weekly Pivot Levels for Nifty 50 Stocks Script Symbol NIFTY 50 (SPOT)
Resistance2
BAJAJ-AUTO BOSCHLTD EICHERMOT HEROMOTOCO M&M MARUTI TATAMTRDVR TATAMOTORS
3363.68 21649.77 33618.50 3956.68 1420.38 8338.47 254.13 463.50
ACC AMBUJACEM ULTRACEMCO
1858.30 293.60 4537.03
10550
Resistance1
Pivot
10501 10413 AUTOMOBILE 3290.57 3250.78 21348.83 21128.97 32426.80 31574.90 3822.87 3749.08 1375.57 1347.83 8278.93 8219.47 250.52 244.38 455.60 441.45 CEMENT & CEMENT PRODUCTS 1831.75 1810.45 288.10 283.30 4456.07 4405.03
Support 1
Support 2
10364
10275
3177.67 20828.03 30383.20 3615.27 1303.02 8159.93 240.77 433.55
3137.88 20608.17 29531.30 3541.48 1275.28 8100.47 234.63 419.40
1783.90 277.80 4324.07
1762.60 273.00 4273.03
1210.12
1185.23
1168.40 1223.18 262.17
1164.35 1206.87 258.93
LT
1272.03
ASIANPAINT HINDUNILVR ITC
1202.85 1285.77 274.43
CONSTRUCTION 1253.52 1228.63 CONSUMER GOODS 1187.65 1183.60 1262.63 1246.32 269.92 266.68
BPCL GAIL IOC NTPC ONGC POWERGRID RELIANCE TATAPOWER
563.37 485.72 427.48 187.32 198.48 224.92 971.77 90.37
548.23 474.78 420.37 184.63 195.17 217.48 958.53 87.43
536.42 468.42 415.73 181.82 189.88 213.07 944.57 85.57
521.28 457.48 408.62 179.13 186.57 205.63 931.33 82.63
509.47 451.12 403.98 176.32 181.28 201.22 917.37 80.77
586.57 192.05 1868.63 1855.37 335.67 1287.98 1718.30 1048.73
FINANCIAL SERVICES 563.33 522.47 181.90 174.55 1849.67 1821.03 1815.83 1750.47 325.78 310.52 1253.52 1234.68 1696.40 1657.25 1032.12 1020.38
499.23 164.40 1802.07 1710.93 300.63 1200.22 1635.35 1003.77
458.37 157.05 1773.43 1645.57 285.37 1181.38 1596.20 992.03
ENERGY
AXISBANK BANKBARODA HDFCBANK HDFC ICICIBANK IBULHSGFIN INDUSINDBK KOTAKBANK www.zoidresearch.com
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 06 NOV to 10 NOV 2017 SBIN YESBANK
342.13 340.58
333.57 333.27
318.93 320.68
310.37 313.37
295.73 300.78
831.62 910.85 2574.63 450.23 292.18
816.08 895.05 2529.17 437.02 289.82
525.98
513.02
286.82 270.42 713.70 338.23
281.28 263.23 692.40 330.07
276.02 257.57 675.90 322.03
780.98 634.27 2423.70 1043.40 555.88
761.97 620.38 2343.40 996.80 539.47
735.98 600.67 2267.70 945.90 527.68
433.75
426.70
418.55
530.70 425.93
496.60 399.87
451.95 385.98
IT HCLTECH INFY TCS TECHM WIPRO
878.98 970.45 2719.47 511.22 299.02
ZEEL
563.72
863.07 847.53 948.55 932.75 2669.78 2624.32 487.33 474.12 296.78 294.42 MEDIA & ENTERTAINMENT 551.33 538.37 METALS
COALINDIA HINDALCO TATASTEEL VEDL
297.62 283.27 751.50 354.43
292.08 276.08 730.20 346.27
AUROPHARMA CIPLA DRREDDY LUPIN SUNPHARMA
825.98 667.87 2579.70 1140.90 584.08
806.97 653.98 2499.40 1094.30 567.67
ADANIPORTS
448.95
441.90
BHARTIARTL INFRATEL
609.45 465.88
575.35 439.82
PHARMA
SERVICES TELECOM
Weekly Top gainers stocks Script Symbol Previous Close BHARTIARTL 485.30 AXISBANK 485.95 YESBANK 307.05 ICICIBANK 301.15 LUPIN 1001.10
Current Price 541.25 540.10 325.95 315.90 1047.70
% Change 11.53% 11.14% 6.16% 4.90% 4.65%
In Points 55.95 54.15 18.90 14.75 46.60
Weekly Top losers stocks Script Symbol Previous Close UPL 831.30 M&M 1387.70 IBULHSGFIN 1264.30 TECHM 476.40 HEROMOTOCO 3786.65
Current Price 775.60 1330.75 1219.05 463.45 3689.05
% Change -6.70% -4.10% -3.58% -2.72% -2.58%
In Points -55.70 -56.95 -45.25 -12.95 -97.60
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ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 06 NOV to 10 NOV 2017 Weekly FII’S Statistics* DATE
Buy Value
Sell Value
Net Value
03/NOV/2017
4660.27
14351.11
-9690.84
02/NOV/2017
5441.78
4408.90
1032.88
01/NOV/2017
6131.83
5093.52
1038.31
31/OCT/2017
5991.94
6523.76
-531.82
30/OCT/2017
4946.40
5132.44
-186.04
DATE
Buy Value
Sell Value
Net Value
03/NOV/2017
3877.08
3843.68
33.40
02/NOV/2017
4042.38
4498.89
-456.51
01/NOV/2017
4519.98
5187.89
-667.91
31/OCT/2017
3905.61
3308.69
596.92
30/OCT/2017
3773.89
3634.21
139.68
Weekly DII’S Statistics*
MOST ACTIVE NIFTY CALLS & PUTS: EXPIRY DATE
TYPE
STRIKE PRICE
VOLUME
OPEN INTEREST
30/NOV/2017
CE
10500
132082
3056175
30/NOV/2017
CE
10600
86199
2543250
30/NOV/2017
CE
10700
59469
2570100
30/NOV/2017
PE
10400
117526
3438375
30/NOV/2017
PE
10300
81639
4674750
30/NOV/2017
PE
10200
71358
5257425
MOST ACTIVE BANK NIFTY CALLS & PUTS: EXPIRY DATE
TYPE
STRIKE PRICE
VOLUME
OPEN INTEREST
09/NOV/2017
CE
25700
145565
309200
09/NOV/2017
CE
26000
128680
606280
09/NOV/2017
CE
25800
119862
322800
09/NOV/2017
PE
25500
94371
460400
09/NOV/2017
PE
25300
89525
256800
09/NOV/2017
PE
25400
86756
323000
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ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 06 NOV to 10 NOV 2017 Weekly Recommendations:DATE
SYMBOL
STRATEGY
ENTRY
TARGET
STATUS
3 NOV 17
PNB
BUY ABOVE
208
216
OPEN
14 OCT 17
MRPL
BUY AROUND
130
135-141
ALL TGT ACHIEVED
7 OCT 17
CESC
BUY AROUND
1044
1088-1124
OPEN
30 SEP 17
BALRAMCHIN
BUY ABOVE
161
167.5-175
1ST TGT ACHIEVED
23 SEP 17
DIVISLAB
BUY AROUND
970
1010
EXIT AT 930
16 SEP 17
IBULHSGFIN
BUY ABOVE
1276
1327
TARGET ACHIEVED
9 SEP 17
BHARTIARTL
BUY ABOVE
405
420-438
OPEN
2 SEP 17
GAIL
BUY ON DEEPS
384
399-415
26 AUG 17
APOLLOTYRE
SELL ON RISE
257-259
247-235
19 AUG 17
ASHOKLEY
SELL BELOW
103.5
99-95
BOOK AT 100
12 AUG 17
ENGINERSIN
SELL AROUND
150-149.5
144-137
EXIT AT 157
5 AUG 17
TATAMTRDVR
SELL AROUND
255
245-232
22 JUL 17
KTKBANK
SELL BELOW
157
151-144
15 JUL 17
GODREJIND
SELL BELOW
660
633-605
8 JUL 17
DELTACORP
BUY AROUND
167
175-185
ALL TGT ACHIEVED 1ST TGT ACHIEVED
ALL TGT ACHIEVED ALL TGT ACHIEVED ALL TGT ACHIEVED 1ST TGT ACHIEVED
* FII & DII trading activity on NSE, BSE, and MCX’SX in Capital Market Segment (in Rs. Crores) 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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