EQUITY TECHNICAL REPORT WEEKLY [23 MAY to 27 MAY 2016]
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 23 MAY TO 27 MAY 16
NIFTY 50 7749.70 (-111.05)
(-1.41%)
This week markets open with a positive note. Seesaw movement was there in the market. The Indian equity market ended with smart gains and closed near day’s high on Monday. After opening with positive bias indices slipped lower and remained under pressure in the first half of the day. Official data released showed that India's wholesale pricebased inflation unexpectedly turned positive for the first time in 18 months in April, driven by costlier food items such as vegetables and pulses. On Tuesday, Market sentiments remain upbeat following exit polls at the end of polling in Assam, showed BJP winning the elections for the first time. nifty extended their gains for the second straight day. On Wednesday, Indian stock markets opened with a gap-down, tracking the weak global cues, specifically from the Asian markets. Nifty opened 44 points down respectively. After opening lower whole day markets was trading range bound. The indices closed at lower side. On Thursday, Nifty positive zone briefly at the outset, slipped into the red and touched a low of 7766.80 before winding up 103.35 points or 1.32%, and Nifty closed with a loss of 87 points at 7783. On Friday It gets worse for the stock market. Nifty ended below the 200-DMA however, just managed to close at the 7750 level. After opening on a flat note, nifty were stuck in a narrow trading range throughout the day. However, the nifty fell sharply at the fag end of the day as selling pressure accentuated. The Nifty50 opened the week at 7831.20, made a high of 7940.10, low of 7735.75 and closed the week at 7749.70. Thus the Nifty closed the week with a losing of -111.05 points or 1.41%
Formations
The 20 days EMA are placed at 7813.47 The 5 days EMA are placed at 7808.39
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Future Outlook: The Nifty daily chart is bearish; we advised to sell Nifty future around 7750 target 7600. The Nifty future buying pressure above 7900 and upside target will be 8000. Nifty upside weekly Resistance is 78808000 level. On the downside strong support at 7676-7600 ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 23 MAY TO 27 MAY 16
Weekly Pivot Levels for Nifty 50 Stocks Script Symbol NIFTY 50
Resistance2
BAJAJ-AUTO
2582.67 22389.85 19640.22 3004.53 1374.03 4070.28 286.03 402.68
BOSCHLTD EICHERMOT HEROMOTOCO M&M MARUTI TATAMTRDVR TATAMOTORS
8013
Resistance1
Pivot
Support 1
Support 2
7677
7604
2405.33 20509.70 17850.43 2851.17 1270.47 3843.67 256.82 378.47
2357.67 19969.85 17420.22 2805.63 1247.83 3742.38 250.53 372.48
1366.40 204.60
1339.35 200.35
4167.83 3080.20
4128.92 3026.40
1233.40
1211.70
943.33 795.58 318.73
930.67 778.77 307.12
904.67 365.03 133.00 203.63
888.83 358.52 129.10 194.17
144.47 949.55
142.93 916.00
141.07 897.80
67.97
66.53
476.73 129.70
462.87 124.35
7881 7809 AUTOMOBILE 2517.83 2470.17 21719.70 21179.85 18960.43 18530.22 2950.62 2905.08 1333.57 1310.93 4007.62 3906.33 274.57 268.28 393.57 387.58 CEMENT & CEMENT PRODUCTS 1444.25 1417.20 216.05 211.80
ACC AMBUJACEM GRASIM ULTRACEMCO
1495.05 223.25
LT
1333.90
ASIANPAINT HINDUNILVR ITC
984.67 867.17 350.32
BPCL GAIL NTPC ONGC
973.93 394.52 145.50 224.77
4277.83 4238.92 3228.65 3174.85 CONSTRUCTION 1294.50 1272.80 CONSUMER GOODS 970.33 957.67 839.78 822.97 340.33 328.72 ENERGY 947.22 931.38 383.03 376.52 141.20 137.30 218.93 209.47
POWERGRID RELIANCE TATAPOWER
147.87 1001.30
146.33 967.75
AXISBANK
519.37 155.35
70.87 69.43 FINANCIAL SERVICES 504.98 491.12 145.20 139.85
1184.97 1259.52
1162.93 1219.53
1147.22 1190.02
1125.18 1150.03
1109.47 1120.52
232.90 1117.85
226.50 1094.15
222.10 1076.10
215.70 1052.40
211.30 1034.35
733.88
718.02
709.13
693.27
684.38
190.08 1028.90
180.72 1003.30
175.63 974.25
166.27 948.65
161.18 919.60
BANKBARODA HDFCBANK HDFC ICICIBANK INDUSINDBK KOTAKBANK SBIN YESBANK www.zoidresearch.com
4348.92 3323.30
72.33
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 23 MAY TO 27 MAY 16
BHEL
126.83
HCLTECH INFY
WIPRO
760.92 1236.27 2616.43 501.92 555.07
ZEEL
469.90
COALINDIA HINDALCO
288.03
TCS TECHM
TATASTEEL
INDUSTRIAL MANUFACTURING 123.07 120.53 IT 748.78 732.47 1218.93 1208.42 2572.87 2547.68 488.88 481.87 549.23 542.12 MEDIA & ENTERTAINMENT 452.15 441.20 METALS 283.52 280.78
93.05 344.48
90.00 333.57
116.77
114.23
720.33 1191.08 2504.12 468.83 536.28
704.02 1180.57 2478.93 461.82 529.17
423.45
412.50
276.27
273.53
88.15 326.48
85.10 315.57
83.25 308.48
179.95
167.70
157.45
777.03 514.05 3003.37 1588.37 794.65
754.57 494.25 2957.23 1487.73 786.70
739.03 481.40 2880.67 1470.67 782.05
346.75 381.02 110.18
334.50 370.13 105.72
327.05 362.72 102.28
SERVICES ADANIPORTS
202.45
190.20
AUROPHARMA CIPLA
815.03 546.70 3126.07 1706.07 807.25
792.57 526.90 3079.93 1605.43 799.30
366.45 399.32 118.08
354.20 388.43 113.62
PHARMA
DRREDDY LUPIN SUNPHARMA
TELECOM BHARTIARTL INFRATEL IDEA
Weekly Top gainers stocks Script Symbol Previous Close ONGC 203.75 DR.REDDY 2917.20 ITC 319.35 YESBANK 950.55 MARUTI 3846.25
Current Price 213.10 3033.80 330.35 977.70 3944.95
% Change 4.59% 4.00% 3.44% 2.86% 2.57%
In Points 9.35 116.60 11.00 27.15 98.70
Weekly Top losers stocks Script Symbol Previous Close BANKBARODA 155.10 SBIN 184.85 ADANIPORT 188.55 LUPIN 1588.70 CIPLA 231.70
Current Price 135.05 171.35 177.95 1504.80 507.10
% Change -12.93% -7.30% -5.62% -5.28% -4.63%
In Points -20.05 -13.50 -10.60 -83.90 -24.60
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ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 23 MAY TO 27 MAY 16 Weekly FII’S Statistics* DATE
Buy Value
Sell Value
Net Value
20/MAY/2016
2997.75
3741.61
-743.86
19/MAY/2016
4205.43
4970.01
-764.58
18/MAY/2016
3809.48
4060.18
-250.70
17/MAY/2016
4200.83
4425.80
-224.97
16/MAY/2016
3888.85
3968.69
-79.84
DATE
Buy Value
Sell Value
Net Value
20/MAY/2016
1683.31
1085.82
597.49
19/MAY/2016
2725.61
1241.96
1483.65
18/MAY/2016
1619.99
1380.08
239.91
17/MAY/2016
1923.12
1538.45
384.67
16/MAY/2016
1480.40
1608.31
-127.91
Weekly DII’S Statistics*
MOST ACTIVE NIFTY CALLS & PUTS EXPIRY DATE
TYPE
STRIKE PRICE
VOLUME
OPEN INTEREST
26/MAY/2016
CE
7900
495922
8039775
26/MAY/2016
CE
7800
478391
5075400
26/MAY/2016
CE
8000
385126
9472500
26/MAY/2016
PE
7800
427241
4848450
26/MAY/2016
PE
7700
404292
5200425
26/MAY/2016
PE
7600
259801
3993750
MOST ACTIVE BANK NIFTY CALLS & PUTS EXPIRY DATE
TYPE
STRIKE PRICE
VOLUME
OPEN INTEREST
26/MAY/2016
CE
17000
104842
813570
26/MAY/2016
CE
16500
39547
361590
26/MAY/2016
CE
16800
34014
257160
26/MAY/2016
PE
16500
74924
389040
26/MAY/2016
PE
16000
65320
675990
26/MAY/2016
PE
16400
20268
84300
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ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 23 MAY TO 27 MAY 16 Weekly Recommendations: DATE
SYMBOL
STRATEGY
ENTRY
TARGET
STATUS
21 MAY 16
VOLTAS
BUY ABOVE
332
345-360
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
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
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 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
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