Equity Market Outlook (3-7 April)

Page 1

EQUITY TECHNICAL REPORT WEEKLY [3 APR to 7 APR 2017]

ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 3 APR TO 7 APR 17

NIFTY 50 9173.75 (65.25) (0.72%) The benchmark Index Nifty had opened on bearish note. The Nifty fell 62 points at 9045 on Monday On Tuesday, The benchmark Index Nifty had opened gap-up by 35 points at 9082 and closed at 9100. Indian Benchmark Index Nifty traded in a narrow range of 30 points from 9080 to 9110. On Wednesday, From 1/July/2017 India Will Follow. 1 Nation. 1 Tax (GST). The Lok Sabha passed the muchawaited Central Goods and Services Tax (GST) Bill, Integrated GST Bill, Compensation GST Bill and Union Territory GST Bill, 2017, after negating all the amendments put forward by the Opposition. The four GST slabs have been set at 5%, 12%, 18% and 28% for different items or services. The brackets are steeper than the rates of 6, 12, 18 and 26% earlier proposed by the government. On Thursday, Indian benchmark index Nifty settled at a record closing high on expiry day. Volatility continued ahead of expiry of March futures & options contracts. The market closed the day on a positive note, The Nifty closed up 30 points at 9173. On Friday, The benchmark

Index Nifty pared all its initial losses to settle the first day of the April F&O series flat as investors booked profits in recent out performers. The benchmark Index Nifty50 (spot) opened the week at 9093.45 made a high of 9191.70 low of 9024.65 and closed the week at 9173.75. Thus the Nifty closed the week with a gaining of 65.25 points or 0.72%.

Formations 

The 20 days EMA are placed at 9072.15



The 5 days EMA are placed at 9155.08

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Future Outlook: The Nifty daily chart is consolidate . we advised to if Nifty future trade above 9200 then targets will be 9300-9400. Or if nifty future trade below 9075 then target will be 8975-8850. Nifty upside weekly Resistance is 9300-9235 level. On the downside strong support at 9068-8963 ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 3 APR TO 7 APR 17

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

Resistance2

BAJAJ-AUTO BOSCHLTD EICHERMOT HEROMOTOCO M&M MARUTI TATAMTRDVR TATAMOTORS

2875.75 23765.75 26935.70 3481.92 1316.27 6117.87 294.75 480.55

ACC AMBUJACEM GRASIM ULTRACEMCO

1488.12 244.18 1085.90 4111.92

LT

1624.50

ASIANPAINT HINDUNILVR ITC

1103.87 939.05 288.77

BPCL GAIL NTPC ONGC POWERGRID RELIANCE TATAPOWER

668.18 393.85 169.27 195.67 203.20 1323.07 94.62

9235 9130 AUTOMOBILE 2840.60 2817.85 23258.50 22891.75 26261.60 25140.80 3351.93 3265.97 1301.58 1280.32 6066.78 5997.92 288.45 282.70 473.20 467.65 CEMENT & CEMENT PRODUCTS 1467.08 1428.97 240.42 233.68 1067.45 1056.95 4048.33 3991.42 CONSTRUCTION 1599.70 1568.85 CONSUMER GOODS 1088.68 1064.32 925.40 910.25 284.53 280.42 ENERGY 658.82 648.63 385.40 378.50 167.63 165.12 190.33 186.67 200.25 196.95 1321.98 1277.67 92.48 89.02

525.23 181.02 1518.08 1572.03 288.48 1461.72 895.70 307.67 1578.92

FINANCIAL SERVICES 508.02 495.78 176.98 172.27 1480.32 1442.18 1537.07 1496.03 282.67 277.43 1443.43 1412.72 883.95 868.25 300.53 287.87 1562.83 1541.42

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

9297

Resistance1

Pivot

Support 1

Support 2

9068

8963

2782.70 22384.50 24466.70 3135.98 1265.63 5946.83 276.40 460.30

2759.95 22017.75 23345.90 3050.02 1244.37 5877.97 270.65 454.75

1407.93 229.92 1038.50 3927.83

1369.82 223.18 1028.00 3870.92

1544.05

1513.20

1049.13 896.60 276.18

1024.77 881.45 272.07

639.27 370.05 163.48 181.33 194.00 1276.58 86.88

629.08 363.15 160.97 177.67 190.70 1232.27 83.42

478.57 168.23 1404.42 1461.07 271.62 1394.43 856.50 280.73 1525.33

466.33 163.52 1366.28 1420.03 266.38 1363.72 840.80 268.07 1503.92

ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 3 APR TO 7 APR 17

BHEL

173.28

HCLTECH INFY TCS TECHM WIPRO

913.75 1057.88 2493.27 489.12 528.70

ZEEL

558.58

INDUSTRIAL MANUFACTURING 168.07 165.23

160.02

157.18

851.15 1006.22 2403.53 447.68 505.70

827.55 990.18 2375.27 436.22 495.70

517.97

500.38

292.40 192.87 483.37

289.25 189.78 473.98

285.85 184.52 465.27

333.03

323.37

307.13

674.77 594.60 2629.17 1457.72 692.03

665.68 588.35 2609.28 1428.53 680.72

656.17 583.75 2586.22 1411.87 673.28

352.53 324.72 87.35

352.67 308.58 83.80

355.28 291.27 81.75

IT 894.25 1040.07 2462.53 474.13 522.20

870.65 1024.03 2434.27 462.67 512.20

MEDIA & ENTERTAINMENT 547.07 529.48 METALS

COALINDIA HINDALCO TATASTEEL

298.95 201.22 501.47

295.80 198.13 492.08 SERVICES

ADANIPORTS

358.93

349.27

AUROPHARMA CIPLA DRREDDY LUPIN SUNPHARMA

693.37 605.45 2672.12 1503.57 710.78

684.28 599.20 2652.23 1474.38 699.47

BHARTIARTL INFRATEL IDEA

349.78 358.17 92.95

349.92 342.03 89.40

PHARMA

TELECOM

Weekly Top gainers stocks Script Symbol Previous Close SBIN 276.50 EICHERMOT 24350.15 ADANIPORT 323.25 INFRATEL 310.40 TATAPOWER 86.55

Current Price 293.40 25587.5 339.60 325.90 90.35

% Change 6.11% 5.08% 5.06% 4.99% 4.39%

In Points 16.90 1237.35 16.35 15.50 3.80

Weekly Top losers stocks Script Symbol Previous Close HEROMOTOCO 3375.25 ONGC 191.90 TECHM 474.15 LUPIN 1487.80 SUNPHARMA 703.90

Current Price 3221.95 185.00 459.15 1445.20 688.15

% Change -4.54% -3.60% -3.16% -2.86% -2.24%

In Points -153.30 -6.90 -15.00 -42.60 -15.75

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WEEKLY TECHNICAL REPORT 3 APR TO 7 APR 17 Weekly FII’S Statistics* DATE

Buy Value

Sell Value

Net Value

31/MAR/2017

5359.55

5655.47

-295.92

30/MAR/2017

12106.11

12038.14

68.97

29/MAR/2017

9130.00

8669.02

460.98

28/MAR/2017

11732.22

5316.84

6415.38

27/MAR/2017

9200.02

8622.14

577.88

DATE

Buy Value

Sell Value

Net Value

31/MAR/2017

5392.46

3893.05

1499.41

30/MAR/2017

6744.76

5042.97

1701.79

29/MAR/2017

3914.80

2631.77

1283.03

28/MAR/2017

2972.23

2616.00

356.23

27/MAR/2017

2616.14

3210.62

-594.48

Weekly DII’S Statistics*

MOST ACTIVE NIFTY CALLS & PUTS EXPIRY DATE

TYPE

STRIKE PRICE

VOLUME

OPEN INTEREST

27/APR/2017

CE

9200

107274

3357525

27/APR/2017

CE

9300

78361

2418075

27/APR/2017

CE

9400

55785

2328225

27/APR/2017

PE

9100

76965

2332425

27/APR/2017

PE

9000

67253

3707775

27/APR/2017

PE

9200

63554

2174850

MOST ACTIVE BANK NIFTY CALLS & PUTS EXPIRY DATE

TYPE

STRIKE PRICE

VOLUME

OPEN INTEREST

06/APR/2017

CE

21600

63616

299360

06/APR/2017

CE

21700

62095

296640

06/APR/2017

CE

21800

52342

214320

06/APR/2017

PE

21400

50376

158920

06/APR/2017

PE

21500

48400

174840

06/APR/2017

PE

21000

37609

297640

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WEEKLY TECHNICAL REPORT 3 APR TO 7 APR 17 Weekly Recommendations:DATE

SYMBOL

STRATEGY

ENTRY

TARGET

STATUS

1 APR 17

ACC

BUY ON DEEP

1440

1498-1558

OPEN

25 MAR 17

COALINDIA

BUY ON DEEP

295-290

307-320

OPEN

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

11 FEB 17

MOTHERSUMI

BUY ON DEEP

350-352

365-380

4 FEB 17

LICHSGFIN

BUY ON DEEP

550-555

577-605

28 JAN 17

LUPIN

BUY ON DEEP

1490-1500

1560-1620

21 JAN 17

AMBUJACEM

BUY ON DEEP

216-218

226-236

7 JAN 17

MOTHERSUMI

BUY ON DEEP

332-330

345-360

31 DEC 16

VEDL

BUY AROUND

216

225-235

24 DEC 16

SUNPHARMA

BUY ABOVE

625

650-675

ALLTARGET ACHIEVED 1ST TARGET ACHIEVED 1ST TARGET ACHIEVED 1ST TARGET ACHIEVED BOOK AT 569 1ST TARGET ACHIEVED 1ST TARGET ACHIEVED 1ST TARGET ACHIEVED ALL 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

Zoid Research Office 101, Shagun Tower A.B. Commercial Road, Indore 452001 Mobile: +91 9039073611 Email: info@zoidresearch.com Website: www.zoidresearch.com

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