EQUITY TECHNICAL REPORT WEEKLY [2 MAY to 6 MAY 2016]
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 2 MAY TO 6 MAY 16
NIFTY 50 7849.80 (-49.50) (-0.63) The proceedings for the week began Volatility were witnessed there in the market on the first day of expiry week. The market fell down due to heavy selling in power, metal, and infrastructure and PSU stocks amid weak global cues on Monday. On Tuesday Stock market showcased an enthusiastic performance Markets, after a gap-down start, recovered gradually to enter into green terrain in noon deals. On Wednesday again saw the Nifty confined within a narrow breath. On Thursday Market fall over 1%, tracking bearish regional markets after the Bank of Japan unexpectedly chose not to expand its monetary stimulus and as sentiment remained subdued amid the expiry of April derivative contracts. The Nifty nosedived over 1.50 % today on account of selling in frontline blue chip counters amid F&O expiry. We had recommended on last week research report (see our weekly report 18 APR to 23 APR) [WE ADVISED TO BUY NIFTY FUTURE AROUND 7850 TARGET 8000. OUR TARGET ACHIEVED ON THURSDAY 21 APR 2016 NIFTY MADE HIGH AT 8000]. On Friday the headline indices kicked of May derivatives series on a tepid note tracking negative trend seen in Asian and European markets as the follow-through from Thursday's Bank of Japan decision weighed on the sentiment. In a highly volatile trade, ended flat below its crucial psychological level of Nifty 7850. 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 7788.79 The 5 days EMA are placed at 7882.67
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Future Outlook: On Friday session was represented by a ‘Doji’ candle on the technical daily chart. We advised to if Nifty future trade above 7855 target 8000. The Nifty future selling pressure below at 7750. Nifty upside weekly Resistance is 8000-8100 level. On the downside strong support at 78357770. ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 2 MAY TO 6 MAY 16
Weekly Pivot Levels for Nifty 50 Stocks Script Symbol NIFTY 50
Resistance2
BAJAJ-AUTO
2632.95 20724.73 20609.53 3095.80 1428.15 4047.28 350.10 434.42
BOSCHLTD EICHERMOT HEROMOTOCO M&M MARUTI TATAMTRDVR TATAMOTORS
8080
Resistance1
Pivot
Support 1
Support 2
7762
7674
2442.15 19339.27 19798.87 2825.10 1299.80 3680.12 357.45 399.18
2392.35 19014.53 19562.73 2752.80 1268.65 3565.58 317.10 390.02
1413.10 217.17
1383.05 213.33
4002.17 3098.43
3917.58 3035.42
1237.15
1219.70
850.00 852.47 313.47
833.75 837.03 301.98
959.35 350.53 135.65 210.33
940.70 340.72 132.00 203.42
143.38 1002.00
140.52 959.55
137.63 936.40
68.43
66.37
458.67 152.72
444.93 147.53
7965 7877 AUTOMOBILE 2562.45 2512.65 20194.37 19869.63 20322.27 20086.13 2996.60 2924.30 1379.55 1348.40 3920.97 3806.43 373.95 333.60 421.38 412.22 CEMENT & CEMENT PRODUCTS 1466.10 1436.05 226.77 222.93
ACC AMBUJACEM GRASIM ULTRACEMCO
1489.05 232.53
LT
1306.20
ASIANPAINT HINDUNILVR ITC
910.75 912.23 345.98
BPCL GAIL NTPC ONGC
1013.40 386.52 147.50 232.32
4159.17 4074.58 3276.03 3213.02 CONSTRUCTION 1280.40 1262.95 CONSUMER GOODS 888.50 872.25 890.07 874.63 335.47 323.98 ENERGY 995.70 977.05 373.43 363.62 143.40 139.75 224.78 217.87
POWERGRID RELIANCE TATAPOWER
149.13 1067.60
146.27 1025.15
AXISBANK
498.63 168.53
72.43 70.37 FINANCIAL SERVICES 485.52 471.78 163.22 158.03
1170.05 1155.82
1151.20 1122.13
1117.85 1098.17
1099.00 1064.48
1065.65 1040.52
265.25 1104.85
251.10 1076.85
241.20 1025.50
227.05 997.50
217.15 946.15
751.38
734.27
702.68
685.57
653.98
208.77 1003.48
198.88 973.22
192.67 922.18
182.78 891.92
176.57 840.88
BANKBARODA HDFCBANK HDFC ICICIBANK INDUSINDBK KOTAKBANK SBIN YESBANK www.zoidresearch.com
4231.58 3390.62
74.37
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 2 MAY TO 6 MAY 16
BHEL
134.77
HCLTECH INFY
WIPRO
893.15 1258.43 2632.97 503.58 571.22
ZEEL
430.27
COALINDIA HINDALCO
298.75
TCS TECHM
TATASTEEL
INDUSTRIAL MANUFACTURING 130.08 126.62 IT 821.70 784.45 1233.27 1217.18 2584.23 2493.27 494.87 480.28 562.78 555.57 MEDIA & ENTERTAINMENT 422.58 409.12 METALS 293.85 288.75
107.78 371.77
102.07 361.43
121.93
118.47
713.00 1192.02 2444.53 471.57 547.13
675.75 1175.93 2353.57 456.98 539.92
401.43
387.97
283.85
278.75
97.73 352.07
92.02 341.73
87.68 332.37
235.73
229.47
220.73
767.15 534.93 3108.20 1583.87 809.82
748.20 525.57 3047.50 1549.88 798.48
736.45 514.13 3006.30 1492.52 785.67
367.63 372.45 120.73
350.27 364.00 113.12
336.93 353.05 107.68
SERVICES ADANIPORTS
250.73
244.47
AUROPHARMA CIPLA
797.85 555.73 3210.10 1675.22 833.97
778.90 546.37 3149.40 1641.23 822.63
398.33 391.85 133.78
380.97 383.40 126.17
PHARMA
DRREDDY LUPIN SUNPHARMA
TELECOM BHARTIARTL INFRATEL IDEA
Weekly Top gainers stocks Script Symbol Previous Close YESBANK 875.75 INDUSINDBK 981.50 KOTAKBANK 676.10 TCS 2417.05 HDFCBANK 1092.15
Current Price 942.00 1049.30 716.85 2539.25 1130.15
% Change 7.56% 6.91% 6.03% 5.06% 3.48%
In Points 66.25 67.80 40.75 122.20 38.00
Weekly Top losers stocks Script Symbol Previous Close HCLTECH 845.15 ICICIBANK 252.00 SBIN 200.15 RELIANCE 1038.95 HINDALCO 101.10
Current Price 751.55 237.50 189.20 982.70 96.30
% Change -11.07% -5.75% -5.47% -5.41% -4.75%
In Points -93.60 -14.50 -10.95 -56.25 -4.80
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ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 2 MAY TO 6 MAY 16 Weekly FII’S Statistics* DATE
Buy Value
Sell Value
Net Value
29/APR/2016
4399.71
4605.01
-205.30
28/APR/2016
9061.04
8940.41
120.63
27/APR/2016
4412.63
4001.63
411.00
26/APR/2016
4855.69
4343.47
512.22
25/APR/2016
5698.59
5476.25
222.34
DATE
Buy Value
Sell Value
Net Value
29/APR/2016
1649.24
1621.11
28.13
28/APR/2016
2245.92
2662.13
-416.21
27/APR/2016
1656.53
1951.60
-295.07
26/APR/2016
1488.41
1467.20
21.21
25/APR/2016
1075.18
1823.13
-747.95
Weekly DII’S Statistics*
MOST ACTIVE NIFTY CALLS & PUTS EXPIRY DATE
TYPE
STRIKE PRICE
VOLUME
OPEN INTEREST
26/MAY/2016
CE
8000
251417
3687600
26/MAY/2016
CE
8100
181717
3557550
26/MAY/2016
CE
7900
178737
2652675
26/MAY/2016
PE
7800
244531
3667650
26/MAY/2016
PE
7700
191187
4234725
26/MAY/2016
PE
7600
136620
2483700
MOST ACTIVE BANK NIFTY CALLS & PUTS EXPIRY DATE
TYPE
STRIKE PRICE
VOLUME
OPEN INTEREST
26/MAY/2016
CE
17500
46493
362820
26/MAY/2016
CE
17000
42904
320490
26/MAY/2016
CE
18000
30790
218310
26/MAY/2016
PE
16500
47339
246630
26/MAY/2016
PE
16000
34779
309600
26/MAY/2016
PE
15500
22712
150930
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ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 2 MAY TO 6 MAY 16 Weekly Recommendations: DATE
SYMBOL
STRATEGY
ENTRY
TARGET
30 APR 16
GLENMARK
BUY ON DEEP
828-825
862-900
STATUS OPEN ST
1 TARGET ACHIEVED 2ND TARGET AT 57.85
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
30 JAN 16
IRB
BUY ON DEEP
240-238
250
23 JAN 16
CENTURYTEX
BUY ON DEEP
520-517
545-570
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 1ST TARGET ACHIEVED EXIT AT 500
* 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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