Equity Technical Report (23May- 27May)

Page 1

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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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

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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