EQUITY TECHNICAL REPORT WEEKLY [22 MAY to 26 MAY 2017]
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 22 MAY TO 26 MAY 17
NIFTY 50 9427.90 (27.00) (0.29%) The benchmark Index Nifty began on a positive note The Nifty settled the day at 9445 level, 44 points higher on Monday. On Tuesday, Continuing the recordbreaking spree market had a fantastic session. The Nifty closes above 9500 for the first time ever. The Nifty closed higher by 66 points at 9512. On Wednesday, The Indian benchmark index Nifty continued to scale fresh highs and ended the day at a fresh lifetime high of 9532.60 . The nifty ended at record highs of 9525.75. On Thursday, Indian benchmark index Nifty gap down opened and erased all gains. On Friday, Indian benchmark index Nifty had a rather disappointing session ending at nearly the same level where it had closed on the previous day. The index formed a pattern similar to the ‘Spinning Top’ on the daily chart and a 'Doji' on the weekly chart. The nifty was closed at 9,427.90, the index was off 77.85 points from the day’s high of 9,505. The benchmark Index Nifty50 (spot) opened the week at 9433.55 made a high of 9532.60 low of 9390.75 and closed the week at 9427.90. Thus the Nifty closed the week with a gaining of 27.00 points or 0.29%.
Future Outlook: Formations
The 20 days EMA are placed at 9361.73
The 5 days EMA are placed at 9446.00
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The Nifty daily chart is bearish trend. we advised to sell Nifty future below 9375 then target will be 9200-9100. Nifty upside weekly Resistance is 9600-9525 level. On the downside strong support at 9375-9300 ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 22 MAY TO 26 MAY 17
Weekly Pivot Levels for Nifty 50 Stocks Script Symbol NIFTY 50 (SPOT)
Resistance2
BAJAJ-AUTO BOSCHLTD EICHERMOT HEROMOTOCO M&M MARUTI TATAMTRDVR TATAMOTORS
3050.82 25852.15 30081.35 3775.08 1407.67 7107.82 279.30 464.38
ACC AMBUJACEM GRASIM ULTRACEMCO
1768.80 268.25 1214.48 4613.63
LT
1795.15
ASIANPAINT HINDUNILVR ITC
1188.25 1049.97 305.93
BPCL GAIL NTPC ONGC POWERGRID RELIANCE TATAPOWER
748.82 424.35 163.90 191.65 214.85 1402.15 87.95
9510 9450 AUTOMOBILE 3011.73 2978.92 24424.80 23462.40 29008.70 28382.35 3673.37 3582.23 1370.53 1349.52 6949.18 6820.37 273.05 267.05 453.87 441.98 CEMENT & CEMENT PRODUCTS 1722.10 1693.30 259.75 255.00 1167.47 1133.73 4487.12 4406.58 CONSTRUCTION 1759.85 1728.70 CONSUMER GOODS 1155.70 1127.25 1028.98 1001.77 296.07 285.78 ENERGY 725.63 712.82 412.70 404.35 161.50 159.40 185.85 182.50 210.30 207.20 1360.50 1335.25 86.05 84.10
518.40 201.18 1585.45 1593.43 320.68 1467.48 997.65 324.73 1556.03
FINANCIAL SERVICES 510.05 500.15 194.97 190.08 1573.35 1557.80 1557.02 1536.18 313.87 306.03 1428.37 1409.18 967.50 951.30 316.37 306.93 1493.07 1443.03
AXISBANK BANKBARODA HDFCBANK HDFC ICICIBANK INDUSINDBK KOTAKBANK SBIN YESBANK www.zoidresearch.com
9592
Resistance1
Pivot
Support 1
Support 2
9368
9309
2939.83 22035.05 27309.70 3480.52 1312.38 6661.73 260.80 431.47
2907.02 21072.65 26683.35 3389.38 1291.37 6532.92 254.80 419.58
1646.60 246.50 1086.72 4280.07
1617.80 241.75 1052.98 4199.53
1693.40
1662.25
1094.70 980.78 275.92
1066.25 953.57 265.63
689.63 392.70 157.00 176.70 202.65 1293.60 82.20
676.82 384.35 154.90 173.35 199.55 1268.35 80.25
491.80 183.87 1545.70 1499.77 299.22 1370.07 921.15 298.57 1380.07
481.90 178.98 1530.15 1478.93 291.38 1350.88 904.95 289.13 1330.03
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 22 MAY TO 26 MAY 17
BHEL
178.42
HCLTECH INFY TCS TECHM WIPRO
883.10 989.28 2704.22 458.45 542.62
ZEEL
542.03
INDUSTRIAL MANUFACTURING 171.23 166.67
159.48
154.92
833.85 942.57 2375.63 404.60 504.98
823.00 927.18 2243.42 393.05 490.22
501.57
491.13
278.30 192.45 475.43
272.95 184.55 451.87
269.65 178.10 414.23
350.47
341.18
332.92
605.18 564.73 2669.48 1297.52 651.18
583.67 557.02 2578.97 1272.68 645.42
572.03 549.08 2501.48 1227.17 637.68
371.92 381.37 88.60
362.23 366.23 83.85
351.72 353.52 79.80
IT 863.90 973.62 2606.03 437.30 531.18
853.05 958.23 2473.82 425.75 516.42
MEDIA & ENTERTAINMENT 527.02 516.58 METALS
COALINDIA HINDALCO TATASTEEL
286.95 206.80 536.63
281.60 198.90 513.07 SERVICES
ADANIPORTS
368.02
358.73
AUROPHARMA CIPLA DRREDDY LUPIN SUNPHARMA
638.33 580.38 2837.48 1367.87 664.68
616.82 572.67 2746.97 1343.03 658.92
BHARTIARTL INFRATEL IDEA
392.12 409.22 97.40
382.43 394.08 92.65
PHARMA
TELECOM
Weekly Top gainers stocks Script Symbol Previous Close TATASTEEL 436.70 TCS 2360.65 LUPIN 1253.95 ITC 274.95 SBIN 297.90
Current Price 490.05 2510.10 1319.90 287.00 308.30
% Change 12.22% 6.33% 5.26% 4.38% 3.49%
In Points 53.35 149.45 65.95 12.05 10.40
Weekly Top losers stocks Script Symbol Previous Close TECHM 442.25 AUROPHARMA 623.70 EICHERMOT 29178.35 BPCL 733.15 YESBANK 1483.10
Current Price 416.25 595.10 27930.05 702.10 1429.50
% Change -5.25% -4.59% -4.28% -4.24% -3.61%
In Points -26.00 -28.60 -1248.30 -31.05 -53.60
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WEEKLY TECHNICAL REPORT 22 MAY TO 26 MAY 17 Weekly FII’S Statistics* DATE
Buy Value
Sell Value
Net Value
19/MAY/2017
4715.86
5704.56
-988.70
18/MAY/2017
5819.84
6180.43
-360.59
17/MAY/2017
6286.61
7018.00
-731.39
16/MAY/2017
5578.03
4719.74
858.29
15/MAY/2017
4613.57
4378.24
235.33
DATE
Buy Value
Sell Value
Net Value
19/MAY/2017
3344.67
2995.46
349.21
18/MAY/2017
3714.44
2816.48
897.96
17/MAY/2017
3386.31
2771.80
614.51
16/MAY/2017
2644.79
3046.68
-401.89
15/MAY/2017
2187.18
2252.95
-65.77
Weekly DII’S Statistics*
MOST ACTIVE NIFTY CALLS & PUTS EXPIRY DATE
TYPE
STRIKE PRICE
VOLUME
OPEN INTEREST
25/MAY/2017
CE
9500
622235
6675525
25/MAY/2017
CE
9600
358387
5071050
25/MAY/2017
CE
9400
277624
3804525
25/MAY/2017
PE
9400
607379
5956425
25/MAY/2017
PE
9300
396385
7028550
25/MAY/2017
PE
9500
360148
2814225
MOST ACTIVE BANK NIFTY CALLS & PUTS EXPIRY DATE
TYPE
STRIKE PRICE
VOLUME
OPEN INTEREST
25/MAY/2017
CE
23000
198071
1361680
25/MAY/2017
CE
22900
171187
439280
25/MAY/2017
CE
22800
138052
379560
25/MAY/2017
PE
22500
160971
1008920
25/MAY/2017
PE
22700
133883
403960
25/MAY/2017
PE
22600
126741
288600
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ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 22 MAY TO 26 MAY 17 Weekly Recommendations:DATE
SYMBOL
STRATEGY
ENTRY
TARGET
STATUS
20 MAY 17
BHARTIARTL
BUY AROUND
372
388-402
OPEN
13 MAY 17
AXISBANK
SELL BELOW
500
480-450
OPEN
6 MAY 17
VOLTAS
BUY ON DEEP
422
439-456
29 APR 17
IDFC
BUY ON DEEP
62
65-68
22 APR 17
RELIANCE
BUY ON DEEP
1400
1455-1525
14 APR 17
TATAELXSI
BUY ABOVE
1550
1612-1675
8 APR 17
AXISBANK
BUY ON DEEP
505-503
525-560
1 APR 17
ACC
BUY ON DEEP
1440
1498-1558
25 MAR 17
COALINDIA
BUY ON DEEP
295-290
307-320
EXIT AT 282.7
18 MAR 17
AUROPHARMA
BUY ON DEEP
698
727-760
EXIT AT 670
11 MAR 17
SUNTV
BUY ABOVE
745
775-805
BOOK AT 770
4 MAR 17
APOLLOTYRE
BUY ON DEEP
182-183
190-198
25 FEB 17
HEXAWARE
BUY ON DEEP
221-220
229-240
18 FEB 17
SIEMENS
BUY ON DEEP
1212-1205
1260-1315
1ST TARGET ACHIEVED 1ST TARGET ACHIEVED 1ST TARGET ACHIEVED BOOK AT 1603 1ST TARGET ACHIEVED 1ST TARGET ACHIEVED
ALLTARGET ACHIEVED 1ST 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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