EQUITY TECHNICAL REPORT WEEKLY [16 MAY to 20 MAY 2016]
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 16 MAY TO 20 MAY 16
NIFTY 50 7814.90 (-51.15)
(-0.66)
Trading for the week begins on an upbeat note. Nifty 50 has posted their biggest single-day percentage gains since April 13. Gap up opening on Monday. On Tuesday, after a slow start market has closed on a steady note. The Nifty future is pausing after a sharp rally on Monday. The contract opened with a slight gap down at 7894 and made a low of 7867. However, it has reversed higher from the low. On Wednesday, Pre-market news of Indian Government’s amendment to the prolonged tax treaty with Mauritius led to an expected panic selling in the Indian markets at the first tick itself. Nifty opened with a gap-down of 83, respectively. However the sell-off was news based; and other terms explained in the treaty were favorable, which resulted in the recovery. On Thursday, It was a see-saw trading day. A spectacular rally in bank stocks after the Rajya Sabha approved the Bankruptcy Bill. The sentiment also got some support after a UN report said that despite delay in domestic policy reforms, India’s economy is slowly gaining momentum and is projected to grow by 7.3 % this year. Markets held its gains throughout the trading session and managed to close on a positive territory. The Nifty index settled 51 points up at 7900. On Friday bulls were trapped in bear’s grip. Snapping Thursday's gains, the broader Nifty managed to hold above its key 7800-mark. The headline indices fell more than 1 per cent after stronger-than-expected consumer inflation data raised the prospect the Reserve Bank of India would keep interest rates on hold, sending lenders such as State Bank of India sharply lower. The Nifty slipped over a percentage point. The NSE Nifty opened at 7881 hitting a high of 7881 and low of 7784. The Nifty50 opened the week at 7894.80, made a high of 7992, low of 7788.70 and closed the week at 7849.80. Thus the Nifty closed the week with a losing of -49.5 points or -0.63%
Formations
The 20 days EMA are placed at 7841.7 The 5 days EMA are placed at 7806.5 www.zoidresearch.com
Future Outlook: The Nifty daily chart is bearish; we advised to sell Nifty future below 7750 target 7600. The Nifty future buying pressure above 7825 on closing basis. Nifty upside weekly Resistance is 7825-8000 level. On the downside strong support at 7750-7650
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 16 MAY TO 20 MAY 16
Weekly Pivot Levels for Nifty 50 Stocks Script Symbol NIFTY 50
Resistance2
BAJAJ-AUTO
2629.20 22304.22 21410.93 3022.83 1387.18 3968.48 299.35 419.52
BOSCHLTD EICHERMOT HEROMOTOCO M&M MARUTI TATAMTRDVR TATAMOTORS
7990
Resistance1
Pivot
Support 1
Support 2
7740
7666
2446.50 19456.68 18081.87 2869.77 1288.77 3787.57 268.60 375.63
2375.30 18237.22 17170.93 2826.93 1264.78 3728.88 260.25 361.32
1430.07 215.25
1403.03 213.25
4124.58 3090.13
3997.42 3028.62
1253.17
1219.83
904.77 812.60 314.30
865.88 793.40 309.25
907.53 371.73 138.67 199.67
887.27 363.87 136.33 195.58
143.15 980.78
141.10 967.37
137.45 956.58
68.63
66.92
465.90 150.55
441.15 146.00
7900 7828 AUTOMOBILE 2573.45 2502.25 21490.18 20270.72 20201.87 19290.93 2967.72 2924.88 1349.97 1325.98 3907.37 3848.68 288.15 279.80 404.73 390.42 CEMENT & CEMENT PRODUCTS 1479.57 1452.53 221.00 219.00
ACC AMBUJACEM GRASIM ULTRACEMCO
1502.03 224.75
LT
1373.23
ASIANPAINT HINDUNILVR ITC
986.88 888.90 331.05
BPCL GAIL NTPC ONGC
970.27 402.47 147.13 216.58
4339.43 4212.27 3223.03 3161.52 CONSTRUCTION 1329.87 1296.53 CONSUMER GOODS 965.27 926.38 860.35 841.15 325.20 320.15 ENERGY 949.03 928.77 391.03 383.17 144.07 141.73 210.17 206.08
POWERGRID RELIANCE TATAPOWER
148.85 1004.98
146.80 991.57
AXISBANK
531.65 164.70
73.03 71.32 FINANCIAL SERVICES 511.15 486.40 159.90 155.35
1170.30 1244.90
1155.60 1205.45
1137.30 1182.05
1122.60 1142.60
1104.30 1119.20
240.23 1092.87
233.37 1079.03
226.03 1057.57
219.17 1043.73
211.83 1022.27
759.15
733.70
718.30
692.85
677.45
192.62 997.78
188.73 974.17
186.42 943.78
182.53 920.17
180.22 889.78
BANKBARODA HDFCBANK HDFC ICICIBANK INDUSINDBK KOTAKBANK SBIN YESBANK www.zoidresearch.com
4427.12 3294.42
75.72
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 16 MAY TO 20 MAY 16
BHEL
133.12
HCLTECH INFY
WIPRO
747.45 1237.55 2630.07 493.07 549.88
ZEEL
486.48
COALINDIA HINDALCO
291.65
TCS TECHM
TATASTEEL
INDUSTRIAL MANUFACTURING 127.93 125.22 IT 735.30 720.85 1222.40 1201.50 2576.73 2516.57 486.43 478.97 544.77 538.13 MEDIA & ENTERTAINMENT 467.67 435.33 METALS 286.55 281.60
95.77 344.45
92.53 333.55
120.03
117.32
708.70 1186.35 2463.23 472.33 533.02
694.25 1165.45 2403.07 464.87 526.38
416.52
384.18
276.50
271.55
90.67 326.35
87.43 315.45
85.57 308.25
189.40
178.55
168.55
801.42 533.98 2909.07 1599.18 799.62
780.48 527.77 2830.13 1574.52 787.43
776.72 523.83 2743.07 1560.33 779.82
359.07 340.07 113.60
348.83 399.48 109.75
342.77 424.07 105.95
SERVICES ADANIPORTS
210.25
199.40
AUROPHARMA CIPLA
826.12 544.13 3075.07 1638.03 819.42
805.18 537.92 2996.13 1613.37 807.23
375.37 256.07 121.25
365.13 315.48 117.40
PHARMA
DRREDDY LUPIN SUNPHARMA
TELECOM BHARTIARTL INFRATEL IDEA
Weekly Top gainers stocks Script Symbol Previous Close ZEEL 403.10 BOSCHLTD 19127.95 AXISBANK 461.45 ASIANPAINT 889.05 YESBANK 910.20
Current Price 448.85 20676.15 490.65 943.65 950.55
% Change 11.35% 8.09% 6.33% 6.14% 4.43%
In Points 45.75 1548.20 29.20 54.60 40.35
Weekly Top losers stocks Script Symbol Previous Close EICHERMOT 20215.9 BHEL 126.75 ADANIPORT 194.55 HINDALCO 91.90 TATAPOWER 72.20
Current Price 18992.80 122.75 188.55 89.30 70.35
% Change -6.05% -3.16% -3.08% -2.83% -2.56%
In Points -1223.10 -4.00 -6.00 -2.60 -1.85
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WEEKLY TECHNICAL REPORT 16 MAY TO 20 MAY 16 Weekly FII’S Statistics* DATE
Buy Value
Sell Value
Net Value
13/MAY/2016
5590.51
4096.63
1493.88
12/MAY/2016
3483.87
3459.73
24.14
11/MAY/2016
4131.71
4493.90
-362.19
10/MAY/2016
3858.41
3529.82
328.59
9/MAY/2016
3900.44
3676.04
224.40
DATE
Buy Value
Sell Value
Net Value
13/MAY/2016
2213.76
1546.73
667.03
12/MAY/2016
1553.11
1294.76
258.35
11/MAY/2016
2166.17
1436.58
729.59
10/MAY/2016
1647.05
1578.85
68.20
9/MAY/2016
1787.25
1436.65
350.60
Weekly DII’S Statistics*
MOST ACTIVE NIFTY CALLS & PUTS EXPIRY DATE
TYPE
STRIKE PRICE
VOLUME
OPEN INTEREST
26/MAY/2016
CE
7900
400595
5679900
26/MAY/2016
CE
8000
387529
8552175
26/MAY/2016
CE
8100
250888
6350250
26/MAY/2016
PE
7800
380644
5189325
26/MAY/2016
PE
7700
321883
5084625
26/MAY/2016
PE
7600
194589
4045275
MOST ACTIVE BANK NIFTY CALLS & PUTS EXPIRY DATE
TYPE
STRIKE PRICE
VOLUME
OPEN INTEREST
26/MAY/2016
CE
17000
77849
584670
26/MAY/2016
CE
17500
71074
573600
26/MAY/2016
CE
18000
18555
371460
26/MAY/2016
PE
16500
61573
406320
26/MAY/2016
PE
16000
57237
661290
26/MAY/2016
PE
15500
29483
358440
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ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 16 MAY TO 20 MAY 16 Weekly Recommendations: DATE
SYMBOL
STRATEGY
ENTRY
TARGET
14 MAY 16
CESC
BUY ON DEEP
542-540
562-585
STATUS OPEN ST
1 TARGET ACHIEVED 1ST TARGET ACHIEVED 1ST TARGET ACHIEVED 2ND TARGET AT 57.85
7 MAY 16
TITAN
BUY ON DEEP
360-362
375-395
30 APR 16
GLENMARK
BUY ON DEEP
828-825
862-900
22 APR 16
PFC
BUY ON DEEP
175-173
182-190
14 APR 16
RCOM
BUY ON DEEP
52.75-52.50
55-58
9 APR 16
AJANTPHARM
BUY ON DEEP
1460
1520-1580
2 APR 16
TATAMOTORS
BUY ON DEEP
378-380
395-412
26 MAR 16
BATAINDIA
BUY ON DEEP
500-498
520-550
19 MAR 16
DLF
BUY ABOVE
108.5
114-120
12 MAR 16
TATAMOTORS
BUY ON DEEP
348-350
365-380
5 MAR 16
SBIN
BUY ON DEEP
180-178
187-199
27 FEB 16
CROMPGREAV
BUY ABOVE
130
136-145
20 FEB 16
ADANIPORT
BUY ON DEEP
210-208
219-222
13 FEB 16
APOLLOTYRE
BUY ON DEEP
148-146
155-165
BP AT 1500 1ST TARGET ACHIEVED 1ST TARGET ACHIEVED ALL TARGET ACHIEVED ALL TARGET ACHIEVED 1ST TARGET ACHIEVED ALL TARGET ACHIEVED ALL TARGET ACHIEVED 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
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