Equity Technical Report (12-16DEC)

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EQUITY TECHNICAL REPORT WEEKLY [12 DEC to 16 DEC 2016]

ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 12 DEC TO 16 DEC 16

NIFTY 50 8261.75 (174.95) (2.16%) This week markets open with a positive note. Nifty open at 8088.75 and made a low at 8056.85 Nifty rose sharply by 85 points from there to make a high of 8141.90 and finally closed at 8128.75 on Monday. On Tuesday, The NSE Nifty ended Tuesday's session on a positive note, but failed to hold 8150 intraday support level and made a low at 8130.85. Nifty sharply fell by 51 points from its high to make a low of 8157 and finally closed at 8165. On Wednesday, the market has ended in red. The Nifty down 41 points at 8102. Banks were knocked off after Reserve Bank of India, in a surprise move; Mr. Urjit Patel kept key interest rates unchanged. The Bank index lost over 1% at closing. The RBI surprised everyone in its first monetary policy review after notes ban keeping its repo rate unchanged at 6.25%. On Thursday, nifty is opening at 8280 almost 52 point gap up on strong Global cues. Index Nifty saw smart buying after a gap up opening. The Nifty Bull Run continues, supporting this is the upwards run by associating indices. We had recommended in last week research report (see our weekly report 5 Nov to 9 Nov 2016) (we advised to Nifty future Buy on deeps 8100-8050 target will be 8200-8300). Our 2nd target almost achieved on 09 Nov Nifty future made a low at 8294. On Friday, the last Trading day of the week; the market ended higher, recording their biggest weekly gain in more than three months. Monday through Friday, The Nifty rose by 175 points around. This upside rally was contributed by strong fundamentals of the Indian economy, accompanied with strong International markets. The Nifty50 (spot) opened the week at 8088.75, made a high of 8274.95 low of 8056.85 and closed the week at 8261.75. Thus the Nifty closed the week with a gaining of 175.95 points or 2.16%.

Formations 

The 20 days EMA are placed at 8200.21



The 5 days EMA are placed at 8197.51

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Future Outlook: The Nifty daily chart is bullish trend; we advised to Nifty future Buy on deeps 8200-8150 target will be 8350-8425. The Nifty future selling pressure below 8000. Nifty upside weekly Resistance is 8340-8420 level. On the downside strong support at 8125-8000 ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 12 DEC TO 16 DEC 16

Weekly Pivot Levels for Nifty 50 Stocks Script Symbol NIFTY 50 (SPOT)

Resistance2

BAJAJ-AUTO BOSCHLTD EICHERMOT HEROMOTOCO M&M MARUTI TATAMTRDVR TATAMOTORS

2834.85 21865.55 24294.78 3435.72 1254.78 5471.63 325.55 493.90

ACC AMBUJACEM GRASIM ULTRACEMCO

1427.18 225.42 923.28 3712.65

LT

1389.00

ASIANPAINT HINDUNILVR ITC

989.02 862.22 247.18

BPCL GAIL NTPC ONGC POWERGRID RELIANCE TATAPOWER

668.58 442.65 168.72 319.87 189.72 1061.12 81.18

8339 8198 AUTOMOBILE 2777.50 2731.90 21302.30 20736.75 23569.57 22974.83 3356.53 3253.82 1221.57 1185.78 5353.32 5194.18 314.70 298.90 479.00 453.65 CEMENT & CEMENT PRODUCTS 1403.17 1360.98 220.73 212.52 900.82 876.53 3640.80 3596.15 CONSTRUCTION 1375.60 1362.35 CONSUMER GOODS 965.38 930.32 853.63 842.82 241.67 234.08 ENERGY 651.62 624.88 436.00 430.05 166.38 163.47 313.33 301.27 187.08 183.97 1045.03 1015.77 79.12 75.93

477.57 169.08 1229.30 1360.65 281.88 1158.68 769.75 277.38 1272.55

FINANCIAL SERVICES 466.98 454.12 165.57 161.08 1213.80 1190.40 1314.45 1248.80 275.17 263.08 1135.77 1094.03 757.50 740.25 272.02 261.83 1246.15 1198.60

AXISBANK BANKBARODA HDFCBANK HDFC ICICIBANK INDUSINDBK KOTAKBANK SBIN YESBANK www.zoidresearch.com

8416

Resistance1

Pivot

Support 1

Support 2

8121

7979

2674.55 20173.50 22249.62 3174.63 1152.57 5075.87 288.05 438.75

2628.95 19607.95 21654.88 3071.92 1116.78 4916.73 272.25 413.40

1336.97 207.83 854.07 3524.30

1294.78 199.62 829.78 3479.65

1348.95

1335.70

906.68 834.23 228.57

871.62 823.42 220.98

607.92 423.40 161.13 294.73 181.33 999.68 73.87

581.18 417.45 158.22 282.67 178.22 970.42 70.68

443.53 157.57 1174.90 1202.60 256.37 1071.12 728.00 256.47 1172.20

430.67 153.08 1151.50 1136.95 244.28 1029.38 710.75 246.28 1124.65

ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 12 DEC TO 16 DEC 16

BHEL

133.22

HCLTECH INFY TCS TECHM WIPRO

828.23 1035.32 2285.12 490.20 468.50

ZEEL

485.02

INDUSTRIAL MANUFACTURING 131.13 128.37

126.28

123.52

780.97 962.18 2147.98 458.10 452.45

758.63 935.02 2100.72 444.50 446.80

439.03

418.02

307.33 177.78 423.48

301.02 172.12 411.62

295.58 162.13 392.68

280.22

269.13

252.62

724.73 578.10 3182.17 1518.25 685.62

714.12 570.20 3122.78 1488.50 646.23

704.33 561.50 3059.17 1465.45 619.47

328.98 369.95 75.30

320.52 343.85 73.20

309.03 329.70 69.60

IT 815.77 1012.33 2240.18 480.95 463.30

793.43 985.17 2192.92 467.35 457.65

MEDIA & ENTERTAINMENT 472.53 451.52 METALS

COALINDIA HINDALCO TATASTEEL

319.08 193.43 454.28

312.77 187.77 442.42 SERVICES

ADANIPORTS

307.82

296.73

AUROPHARMA CIPLA DRREDDY LUPIN SUNPHARMA

745.13 594.70 3305.17 1571.05 751.77

734.52 586.80 3245.78 1541.30 712.38

BHARTIARTL INFRATEL IDEA

348.93 410.20 81.00

340.47 384.10 78.90

PHARMA

TELECOM

Weekly Top gainers stocks Script Symbol Previous Close HINDALCO 168.75 ADANIPORT 265.90 TATAMOTORS 432.90 YESBANK 1150.15 TATASTEEL 406.40

Current Price 182.10 285.65 464.10 1219.75 430.55

% Change 7.91% 7.43% 7.21% 6.05% 5.94%

In Points 13.35 19.75 31.20 69.60 24.15

Weekly Top losers stocks Script Symbol Previous Close INFRATEL 385.90 SUNPHARMA 720.35 TCS 2221.85 GAIL 432.90 AXISBANK 459.95

Current Price 358.00 673.00 2195.25 429.35 456.40

% Change -7.23% -6.57% -1.20% -0.82% -0.77%

In Points -27.90 -47.35 -26.60 -3.55 -3.55

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WEEKLY TECHNICAL REPORT 12 DEC TO 16 DEC 16 Weekly FII’S Statistics* DATE

Buy Value

Sell Value

Net Value

09/DEC/2016

3662.72

3462.20

200.52

08/DEC/2016

4322.71

3623.85

698.86

07/DEC/2016

3941.02

3747.36

193.66

06/DEC/2016

3109.03

2947.23

161.80

05/DEC/2016

3332.96

3650.81

-317.85

DATE

Buy Value

Sell Value

Net Value

09/DEC/2016

1608.44

1318.87

289.57

08/DEC/2016

1606.08

1541.76

64.32

07/DEC/2016

1731.59

1787.87

-56.28

06/DEC/2016

1162.70

1327.38

-164.68

05/DEC/2016

1381.33

1217.69

163.64

Weekly DII’S Statistics*

MOST ACTIVE NIFTY CALLS & PUTS EXPIRY DATE

TYPE

STRIKE PRICE

VOLUME

OPEN INTEREST

29/DEC/2016

CE

8300

154389

4869900

29/DEC/2016

CE

8400

121150

4304025

29/DEC/2016

CE

8500

91334

4249125

29/DEC/2016

PE

8200

157319

4435500

29/DEC/2016

PE

8000

120137

8288100

29/DEC/2016

PE

8100

121241

4225725

MOST ACTIVE BANK NIFTY CALLS & PUTS EXPIRY DATE

TYPE

STRIKE PRICE

VOLUME

OPEN INTEREST

15/DEC/2016

CE

19000

81234

268480

15/DEC/2016

CE

18800

60098

115680

15/DEC/2016

CE

18700

51470

126880

15/DEC/2016

PE

18000

59946

363240

15/DEC/2016

PE

18500

45563

210960

15/DEC/2016

PE

18200

41357

177800

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ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 12 DEC TO 16 DEC 16 Weekly Recommendations:DATE

SYMBOL

STRATEGY

ENTRY

TARGET

10 DEC 16

HINDALCO

BUY ON DEEP

182-180

189-200

STATUS OPEN ST

1 TARGET ACHIEVED 1ST TARGET ACHIEVED

3 DEC 16

ONGC

BUY ON DEEP

288-290

300-315

26 NOV 16

VEDL

BUY ON DEEP

223-220

232-242

19 NOV 16

BANKBARODA

BUY AROUND

177

184-192

EXIT AT 170

12 NOV 16

CANBK

BUY ON DEEP

310-311

323-337

1ST TARGET ACHIEVED

5 NOV 16

INFY

BUY ABOVE

980

1020-1060

EXIT AT 940

28 OCT 16

VEDL

BUY ON DEEP

202-201

210-220

ALL TARGET ACHIEVED

15 OCT 16

TATAMTRDVR

BUY ON DEEP

360-358

375

EXIT AT 344

8 OCT 16

HDFCBANK

SELL BELOW

1285

1233-1180

1ST TARGET ACHIEVED

1 OCT 16

ZEEL

BUY AROUND

540-545

565-590

(OUR ALL TARGET ACHIEVED BUT BUYING LEVEL WAS NOT EXECUTED)

3 SEP 16

AUROPHARMA

BUY ABOVE

785

825-875

BOOK AT 818

27 AUG 16

DLF

SELL BELOW

159.50

153-146

BOOK FULL AT 147.5

13 AUG 16

HINDALCO

BUY ON DEEP

145-142

152-160

(OUR ALL TARGET ACHIEVED BUT BUYING LEVEL WAS NOT EXECUTED)

6 AUG 16

BHARATFORG

BUY ON DEEP

800-795

835-875

1ST TARGET 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

Zoid Research Office 101, Shagun Tower A.B. Commercial Road, Indore 452001 Mobile: +91 9039073611 Email: info@zoidresearch.com Website: www.zoidresearch.com

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