Equity (NIFTY) Technical Weekly Report (14-18 Nov)

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EQUITY TECHNICAL REPORT WEEKLY [14 NOV to 18 NOV 2016]

ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 14 NOV TO 18 NOV 16

NIFTY 50 8296.30 (-137.45) (-1.63%) The Nifty staged a strong comeback to end with a gain of nearly 63 points, reversing its fivesession losing run and tracking rebound in global market. The Indian equity market ended higher on Monday. On Tuesday, The Nifty opened in green. The Nifty closed with a gain of 47 points at 8543. The Nifty opened at 8540 hitting a high of 8559 and low of 8480. On Wednesday, Nifty opened gap down on twin news of Trump victory and Indian government's decision to ban Rs.500 and Rs.1000 notes. Sharp buying was witnessed after a gap down opening. Market made a low of 8076 before recovering sharply. The Nifty, which dipped below the 8100-mark, trimmed most of the initial losses and settled 111 points, down at 8432. Intra-day, the index hit a low of 8002 and high of 8476. We had recommended on last week research report (see our weekly report 7 Nov to 11 Nov) [we advised to Nifty future sell on rise around 8500-8475 target will be 8400-8300. OUR TARGET ACHIEVED ON TUESDAY 09 NOV 2016 NIFTY MADE LOW AT 8002.25]. On Thursday, Nifty opened gap up yesterday at 8515, after it closed at 8479 the previous day and the Nifty moved closer to its crucial psychological level of 8600. On Friday, The Nifty closed with a loss of 229 points at 8698. It opened at 8457, hit an intra-day high of 8461 and low of 8285. The Nifty50 (spot) opened the week at 8535.75, made a high of 8598.45 low of 8002.25 and closed the week at 8296.30. Thus the Nifty closed the week with a losing of 137.45 points or -1.63%.

Formations 

The 20 days EMA are placed at 8549.37



The 5 days EMA are placed at 8434.00

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Future Outlook: The Nifty daily chart is bullish trend; we advised to Nifty future Buy on deeps around 8275-8250 target will be 84008500. The nifty future selling pressure below 8200. Nifty upside weekly Resistance is 8600-8900 level. On the downside strong support 8000-7700 ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 14 NOV TO 18 NOV 16

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

Resistance2

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

2960.87 23240.33 25626.33 3530.43 1450.13 6011.85 374.55 568.23

ACC AMBUJACEM GRASIM ULTRACEMCO

1584.15 257.35 991.90 4113.87

LT

1508.47

ASIANPAINT HINDUNILVR ITC

1099.43 870.85 268.15

BPCL GAIL NTPC ONGC POWERGRID RELIANCE TATAPOWER

696.07 475.42 162.70 285.98 203.07 1085.85 82.37

8596 8299 AUTOMOBILE 2804.23 2718.62 21631.67 20612.33 23655.77 22614.38 3252.87 3108.43 1345.17 1288.38 5573.05 5346.05 351.60 331.30 537.77 518.88 CEMENT & CEMENT PRODUCTS 1492.30 1425.15 238.45 228.55 945.45 882.55 3873.98 3729.12 CONSTRUCTION 1448.63 1371.87 CONSUMER GOODS 1030.87 991.43 836.30 817.20 255.55 247.05 ENERGY 672.83 649.72 456.83 437.42 157.20 151.40 279.72 272.53 193.08 180.02 1043.80 986.90 77.23 72.12

545.08 189.87 1339.03 1449.88 326.67 1269.65 875.13 319.40 1358.20

FINANCIAL SERVICES 521.92 490.43 175.18 155.22 1307.42 1251.38 1359.12 1311.18 301.53 273.27 1231.00 1190.50 845.37 803.68 296.20 265.60 1286.55 1241.35

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

8895

Resistance1

Pivot

Support 1

Support 2

8000

7703

2561.98 19003.67 20643.82 2830.87 1183.42 4907.25 308.35 488.42

2476.37 17984.33 19602.43 2686.43 1126.63 4680.25 288.05 469.53

1333.30 209.65 836.10 3489.23

1266.15 199.75 773.20 3344.37

1312.03

1235.27

922.87 782.65 234.45

883.43 763.55 225.95

626.48 418.83 145.90 266.27 170.03 944.85 66.98

603.37 399.42 140.10 259.08 156.97 887.95 61.87

467.27 140.53 1219.77 1220.42 248.13 1151.85 773.92 242.40 1169.70

435.78 120.57 1163.73 1172.48 219.87 1111.35 732.23 211.80 1124.50

ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 14 NOV TO 18 NOV 16

BHEL

155.18

HCLTECH INFY TCS TECHM WIPRO

854.70 1023.52 2436.12 478.20 483.25

ZEEL

552.38

INDUSTRIAL MANUFACTURING 145.67 137.28

127.77

119.38

736.90 885.78 2009.93 407.00 415.00

709.70 850.02 1918.72 384.60 387.65

451.52

420.88

316.88 167.03 415.00

296.47 155.97 388.50

268.88 139.63 350.50

278.65

259.00

241.25

299.52 361.15 70.07 299.52 361.15

284.93 329.05 65.68 284.93 329.05

268.47 292.90 61.42 268.47 292.90

299.52 361.15 70.07

284.93 329.05 65.68

268.47 292.90 61.42

IT 809.40 972.53 2268.63 453.80 462.80

782.20 936.77 2177.42 431.40 435.45

MEDIA & ENTERTAINMENT 517.27 486.63 METALS

COALINDIA HINDALCO TATASTEEL

364.88 194.43 479.50

344.47 183.37 453.00 SERVICES

ADANIPORTS

316.05

296.40

AUROPHARMA CIPLA DRREDDY LUPIN SUNPHARMA

330.57 429.40 78.72 330.57 429.40

315.98 397.30 74.33 315.98 397.30

BHARTIARTL INFRATEL IDEA

330.57 429.40 78.72

315.98 397.30 74.33

PHARMA

TELECOM

Weekly Top gainers stocks Script Symbol Previous Close BANKBARODA 142.55 SBIN 242.85 HINDALCO 158.85 AUROPHARMA 728.10 TATASTEEL 403.10

Current Price 160.50 273.00 172.30 772.20 426.50

% Change 12.59 12.42 8.47 6.06 5.81

In Points 17.95 30.15 13.45 44.10 23.40

Weekly Top losers stocks Script Symbol Previous Close MARUTI 5704.85 TCS 2330.55 M&M 1372.35 HEROMOTOCO 3287.90 EICHERMOTO 23929.75

Current Price 5134.25 2101.15 1240.20 2975.30 21685.20

% Change -10.00 -9.84 -9.63 -9.51 -9.38

In Points -570.60 -229.40 -132.15 -312.60 -2244.55

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ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 14 NOV TO 18 NOV 16 Weekly FII’S Statistics* DATE

Buy Value

Sell Value

Net Value

11/NOV/2016

5048.86

6542.13

-1493.27

10/NOV/2016

5591.93

6325.42

-733.49

09/NOV/2016

5107.63

7202.63

-2095.00

08/NOV/2016

3612.74

3526.08

86.66

07/NOV/2016

4407.65

4096.47

311.18

DATE

Buy Value

Sell Value

Net Value

11/NOV/2016

2887.44

2822.72

64.72

10/NOV/2016

2999.80

2360.61

639.19

09/NOV/2016

4753.76

3637.45

1116.31

08/NOV/2016

2351.69

2057.63

294.06

07/NOV/2016

3530.80

2750.94

779.86

Weekly DII’S Statistics*

MOST ACTIVE NIFTY CALLS & PUTS EXPIRY DATE

TYPE

STRIKE PRICE

VOLUME

OPEN INTEREST

24/NOV/2016

CE

8500

442068

5548800

24/NOV/2016

CE

8600

368889

5136075

24/NOV/2016

CE

8700

287964

6027750

24/NOV/2016

PE

8300

375110

3942675

24/NOV/2016

PE

8400

290968

4465575

24/NOV/2016

PE

8200

274838

4885275

MOST ACTIVE BANK NIFTY CALLS & PUTS EXPIRY DATE

TYPE

STRIKE PRICE

VOLUME

OPEN INTEREST

17/NOV/2016

CE

20500

97534

442640

24/NOV/2016

CE

20500

59777

723320

17/NOV/2016

CE

21000

55072

368440

17/NOV/2016

PE

19500

87707

243600

24/NOV/2016

PE

19500

48234

736480

17/NOV/2016

PE

19000

44111

180080

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ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 14 NOV TO 18 NOV 16 Weekly Recommendations:DATE

SYMBOL

STRATEGY

ENTRY

TARGET

STATUS

12 NOV 16

CANBK

BUY ON DEEP

310-311

323-337

OPEN

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

30 JULY 16

RELCAPITAL

BUY ON DEEP

440-442

458-480

23 JULY 16

ITC

BUY ABOVE

254

265-275

BOOK AT 262

16 JULY 16

JETAIRWAYS

SELL BELOW

555

530-505

EXIT AT 580

2 JULY 16

GAIL

BUY ON DEEP

390-392

406-422

EXIT AT 370

1ST TARGET ACHIEVED ALL 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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