Equity (Nifty50) Technical Report (20 - 24 June)

Page 1

EQUITY TECHNICAL REPORT WEEKLY [20 JUN to 24 JUN 2016]

ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 20 JUN TO 24 JUN 16

NIFTY 50 8170.20 (0.15) (0.002%) This week market open with negative. The Nifty fell more than 1% and nifty tumbled below its critical level of 8050 on Monday. On Tuesday, see-saw moment was there in the market. Nifty swung between gains and losses and ended the trade on a flat note. The nifty closed with a loss of mere two points at 8109. On Wednesday, bulls are back the nifty 8200 mark; the nifty snapped a four-day losing streak after the union cabinet approved new civil aviation policy and merger of five associates with SBI amid firm Asian market. On Thursday, after taking a breather in the previous session, the bear was back. Weakness was seen in Asian indices after the bank of Japan and the US Federal Reserve decides to keep interest rate hold weighed on the domestic bourses. The nifty ended below 8150 mark tracking negative trends seen in global markets. On Friday, nifty jumped above 8150 market. The nifty close with gain 29 points at 8170. The Nifty50 (spot) opened the week at 8102.25, made a high of 8213.20 low of 8063.9 and closed the week at 8170.20. Thus the Nifty closed the week with a gaining of 0.15 points or 0.002%. Formations

 The 20 days EMA are placed at 8147.40  The 5 days EMA are placed at 8122.53

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Future Outlook: The Nifty daily chart is bearish; we advised to sell Nifty future below 8150 target 80507950. The Nifty future buying pressure above 8225 and up target will be 8350. Nifty upside weekly Resistance is 82358300 level. On the downside strong support 8050-7950 ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 20 JUN TO 24 JUN 16

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

Resistance2

BAJAJ-AUTO

2640.60 22771.63 19265.98 3130.33 1393.17 4283.50 324.32 484.67

BOSCHLTD EICHERMOT HEROMOTOCO M&M MARUTI TATAMTRDVR TATAMOTORS

8298

Resistance1

Pivot

8234 8150 AUTOMOBILE 2611.00 2580.50 22423.62 21812.33 19022.52 18650.08 3080.37 3038.83 1368.58 1351.92 4199.00 4130.50 318.23 307.82 474.53 455.62 CEMENT & CEMENT PRODUCTS 1572.68 1554.12 239.73 235.62

Support 1

Support 2

8085

8000

2550.90 21464.32 18406.62 2988.87 1327.33 4046.00 301.73 445.48

2520.40 20853.03 18034.18 2947.33 1310.67 3977.50 291.32 426.57

1536.83 231.78

1518.27 227.67

4271.07 3240.03

4215.73 3177.02

1451.23

1422.22

980.52 865.43 350.10

961.43 849.52 340.35

983.30 371.50 147.93 208.50

961.65 355.75 143.57 206.25

ACC AMBUJACEM GRASIM ULTRACEMCO

1589.97 243.57

LT

1546.02

ASIANPAINT HINDUNILVR ITC

1033.93 900.62 370.45

BPCL GAIL NTPC ONGC

1041.65 403.85 159.37 218.65

4365.87 4310.53 3387.03 3324.02 CONSTRUCTION 1513.13 1484.12 CONSUMER GOODS 1016.77 997.68 890.98 875.07 365.15 355.40 ENERGY 1023.30 1001.65 395.55 379.80 155.83 151.47 214.70 212.45

POWERGRID RELIANCE TATAPOWER

162.75 998.27

159.90 986.58

155.10 974.82

152.25 963.13

147.45 951.37

79.57

71.53

69.37

AXISBANK

546.03 160.33

76.63 74.47 FINANCIAL SERVICES 536.47 526.23 155.47 148.83

516.67 143.97

506.43 137.33

1197.83 1268.87

1183.92 1248.08

1164.08 1215.12

1150.17 1194.33

1130.33 1161.37

254.98 1143.53

246.72 1121.37

240.93 1103.43

232.67 1081.27

226.88 1063.33

777.83

764.47

754.73

741.37

731.63

229.02 1091.98

221.23 1081.42

210.72 1064.43

202.93 1053.87

192.42 1036.88

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

4405.33 3471.02

ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 20 JUN TO 24 JUN 16

BHEL

126.45

HCLTECH INFY

WIPRO

776.68 1206.17 2669.90 550.55 563.45

ZEEL

473.67

COALINDIA HINDALCO

320.70

TCS TECHM

TATASTEEL

INDUSTRIAL MANUFACTURING 124.40 121.85 IT 765.17 753.43 1192.83 1179.42 2636.25 2576.35 542.90 535.70 557.75 548.30 MEDIA & ENTERTAINMENT 462.03 454.77 METALS 316.95 310.75

125.70 339.15

122.25 332.30

119.80

117.25

741.92 1166.08 2542.70 528.05 542.60

730.18 1152.67 2482.80 520.85 533.15

443.13

435.87

307.00

300.80

116.80 326.65

113.35 319.80

107.90 314.15

205.77

199.63

191.57

736.32 481.52 3037.32 1457.07 744.90

715.48 470.48 2965.43 1437.13 731.45

703.17 454.52 2927.92 1410.27 719.70

350.97 352.62 100.88

343.03 320.23 98.87

329.07 301.82 96.53

SERVICES ADANIPORTS

219.97

213.83

AUROPHARMA CIPLA

769.47 508.52 3146.72 1503.87 770.10

748.63 497.48 3074.83 1483.93 756.65

372.87 403.42 105.23

364.93 371.03 103.22

PHARMA

DRREDDY LUPIN SUNPHARMA

TELECOM BHARTIARTL INFRATEL IDEA

Weekly Top gainers stocks Script Symbol Previous Close GAIL 368.95 SBIN 205.95 HINDALCO 115.30 BANKBARODA 146.30 BOSCHLTD 21492.45

Current Price 387.25 213.45 118.80 150.60 22075.60

% Change 4.96% 3.64% 3.04% 2.94% 2.71%

In Points 18.30 7.50 3.50 4.30 583.15

Weekly Top losers stocks Script Symbol Previous Close INFRATEL 374.50 ICICIBANK 252.60 ONGC 218.20 TATAPOWER 76.20 TATASTEEL 334.40

Current Price 338.65 238.45 210.75 73.70 325.45

% Change -9.57% -5.60% -3.41% -3.28% -2.68%

In Points -35.85 -14.15 -7.45 -2.50 -8.95

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WEEKLY TECHNICAL REPORT 20 JUN TO 24 JUN 16 Weekly FII’S Statistics* DATE

Buy Value

Sell Value

Net Value

17/JUN/2016

4650.86

4618.90

31.96

16/JUN/2016

3061.12

3217.87

-156.75

15/JUN/2016

3160.24

3268.47

-108.23

14/JUN/2016

2886.71

3000.07

-113.36

13/JUN/2016

3847.70

3635.46

212.24

DATE

Buy Value

Sell Value

Net Value

17/JUN/2016

1538.47

1564.68

-26.21

16/JUN/2016

1802.70

1965.70

-163.00

15/JUN/2016

1671.85

1437.75

234.10

14/JUN/2016

1303.96

1336.23

-32.27

13/JUN/2016

1089.23

1687.06

-597.83

Weekly DII’S Statistics*

MOST ACTIVE NIFTY CALLS & PUTS EXPIRY DATE

TYPE

STRIKE PRICE

VOLUME

OPEN INTEREST

30/JUN/2016

CE

8200

262262

4294800

30/JUN/2016

CE

8300

229075

6526500

30/JUN/2016

CE

8400

165022

4880475

30/JUN/2016

PE

8100

214486

4674675

30/JUN/2016

PE

8000

190156

7943725

30/JUN/2016

PE

8200

141862

2843350

MOST ACTIVE BANK NIFTY CALLS & PUTS EXPIRY DATE

TYPE

STRIKE PRICE

VOLUME

OPEN INTEREST

23/JUN/2016

CE

18000

67023

269730

30/JUN/2016

CE

18000

38515

550740

30/JUN/2016

CE

18500

32128

469680

23/JUN/2016

PE

17500

50751

141480

30/JUN/2016

PE

17000

33799

649110

23/JUN/2016

PE

17600

26733

41190

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WEEKLY TECHNICAL REPORT 20 JUN TO 24 JUN 16 Weekly Recommendations: DATE

SYMBOL

STRATEGY

ENTRY

TARGET

STATUS

17 JUN 16

HDFC

BUY ON DEEP

1220-1210

1260-1300

OPEN

11JUN 16

DHFL

BUY ON DEEP

205-203

214-222

OPEN ST

28 MAY 16

HEROMOTOCO

BUY ON DEEP

3000

3120-3250

1 TARGET ACHIEVED

21 MAY 16

VOLTAS

BUY ABOVE

332

345-360

BOOK AT 342

14 MAY 16

CESC

BUY ON DEEP

542-540

562-585

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

1ST TARGET ACHIEVED 1ST TARGET ACHIEVED 1ST TARGET ACHIEVED 1ST TARGET ACHIEVED 2ND TARGET AT 57.85 BP AT 1500 1ST TARGET ACHIEVED 1ST TARGET ACHIEVED ALL 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 www.zoidresearch.com

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