Equity Technical Report (08 - 12 Aug)

Page 1

EQUITY TECHNICAL REPORT WEEKLY [8 AUG to 12 AUG 2016]

ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 8 AUG TO 12 AUG 16

NIFTY 50 8683.15 (44.65) (0.52%) The Week has started on a bullish; Nifty consolidated after making a fresh one year high on the back of negative cues coming from international markets. The market was come down wiped off all its gains to settle the day Nifty ends below 8650-mark on Monday. On Tuesday, The Nifty closed with a loss of 14 points at 8622. The Nifty opened at 8647 hitting a high of 8687 and low of 8611. On Wednesday, The Nifty closed with a loss of 78 points at 8544 And Nifty cracked below the level of 8550 and made a support level of 8525. The Wednesday market was volatile due to the Rajyasabha Finally, passage of the Goods and Services Tax (GST) Bill. On Thursday, Volatility was there in the market. Nifty continues to follow the down trend, but nifty take a support level of 8525 and close above level of 8550. We had recommended on last week research report (see our weekly report 1AUG to 5 AUG) [WE ADVISED TO BUY NIFTY FUTURE AROUND 8600-8615 TARGET 8680-8780. OUR TARGET ACHIEVED ON FIRDAY 2 AUG 2016 NIFTY FUTURE MADE A HIGH AT 8747] On Friday, Trading for the week ended with strong gains 132 points and nifty take a resistance level of 8700 and close below at 8683. The Nifty50 (spot) opened the week at 8654.30, made a high of 8711.30 low of 8511.40 and closed the week at 8683.15. Thus the Nifty closed the week with a gaining of 44.65 points or 0.52%.

Formations

 The 20 days EMA are placed at 8544.41  The 5 days EMA are placed at 8616.26 www.zoidresearch.com

Future Outlook: The Nifty daily chart is bullish; we advised to buy Nifty future around 8700 target 8800. The Nifty future selling pressure below 8550 and down trend target will be 8440. Nifty upside weekly Resistance is 8700-8800 level. On the downside strong support 8550-8425 ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 8 AUG TO 12 AUG 16

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

Resistance2

BAJAJ-AUTO

2992.03 25795.67 23876.32 3639.18 1532.27 5184.38 348.68 546.73

BOSCHLTD EICHERMOT HEROMOTOCO M&M MARUTI TATAMTRDVR TATAMOTORS

8831

Resistance1

Pivot

Support 1

Support 2

8564

8444

2751.07 24489.38 21200.78 3270.97 1445.48 4796.27 317.37 488.37

2640.03 23943.67 20178.42 3097.98 1406.97 4650.88 303.48 460.33

1677.32 264.95

1633.58 254.00

4997.95 3681.43

4730.45 3555.97

1453.07

1393.93

1120.73 909.28 247.40

1098.12 893.07 242.25

561.87 373.20 157.77 220.13

537.18 363.85 154.08 214.32

177.13 1006.65

173.07 993.00

169.63 969.75

70.05

69.00

549.07 149.20

530.88 140.75

8756 8638 AUTOMOBILE 2927.07 2816.03 25415.38 24869.67 23049.73 22027.37 3541.57 3368.58 1508.13 1469.62 5063.02 4917.63 339.97 326.08 531.57 503.53 CEMENT & CEMENT PRODUCTS 1744.62 1700.88 281.75 270.80

ACC AMBUJACEM GRASIM ULTRACEMCO

1768.18 287.60

LT

1645.13

ASIANPAINT HINDUNILVR ITC

1177.22 957.07 267.15

BPCL GAIL NTPC ONGC

628.18 395.85 166.68 232.52

5447.00 5179.50 3887.68 3762.22 CONSTRUCTION 1578.67 1519.53 CONSUMER GOODS 1160.28 1137.67 941.28 925.07 259.85 254.70 ENERGY 607.37 582.68 389.20 379.85 164.07 160.38 229.23 223.42

POWERGRID RELIANCE TATAPOWER

184.63 1043.55

180.57 1029.90

AXISBANK

587.18 168.15

72.60 71.55 FINANCIAL SERVICES 577.22 559.03 162.90 154.45

1276.58 1435.23

1262.92 1388.67

1245.28 1350.88

1231.62 1304.32

1213.98 1266.53

272.48 1239.07

259.22 1211.83

247.93 1184.67

234.67 1157.43

223.38 1130.27

794.12

784.23

766.12

756.23

738.12

240.65 1301.12

236.70 1279.78

229.95 1241.67

226.00 1220.33

219.25 1182.22

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

5628.55 3968.47

74.10

ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 8 AUG TO 12 AUG 16

BHEL

156.43

HCLTECH INFY

WIPRO

916.92 1099.80 2761.70 527.22 568.07

ZEEL

522.07

COALINDIA HINDALCO

338.03

TCS TECHM

TATASTEEL

INDUSTRIAL MANUFACTURING 147.07 139.63 IT 869.33 810.92 1083.90 1071.95 2705.40 2668.70 511.13 493.62 557.63 551.32 MEDIA & ENTERTAINMENT 509.23 496.52 METALS 333.72 327.18

151.17 401.73

147.43 391.72

130.27

122.83

763.33 1056.05 2612.40 477.53 540.88

704.92 1044.10 2575.70 460.02 534.57

483.68

470.97

322.87

316.33

140.52 372.98

136.78 362.97

129.87 344.23

230.58

224.92

215.83

772.33 527.85 2984.57 1688.18 839.38

737.87 520.70 2954.13 1628.47 823.82

705.78 508.15 2899.57 1582.28 805.73

362.85 394.77 105.17

354.20 381.03 103.33

344.40 372.82 100.47

SERVICES ADANIPORTS

245.33

239.67

AUROPHARMA CIPLA

838.88 547.55 3069.57 1794.08 873.03

804.42 540.40 3039.13 1734.37 857.47

381.30 416.72 109.87

372.65 402.98 108.03

PHARMA

DRREDDY LUPIN SUNPHARMA

TELECOM BHARTIARTL INFRATEL IDEA

Weekly Top gainers stocks Script Symbol Previous Close HCLTECH 752.95 HINDALCO 133.55 GRASIM 4894.50 HEROMOTOCO 3203.15 TATASTEEL 355.05

Current Price 821.75 143.70 5265.45 3443.95 381.70

% Change 9.14% 7.60% 7.58% 7.52% 7.51%

In Points 68.80 10.15 370.95 240.80 26.65

Weekly Top losers stocks Script Symbol Previous Close ICICIBANK 262.90 BHEL 145.90 LUPIN 1739.85 LT 1558.85 AUROPHARMA 791.45

Current Price 245.95 137.70 1674.65 1512.20 769.95

% Change -6.45% -5.62% -3.75% -2.99% -2.72%

In Points -16.95 -8.20 -65.20 -46.65 -21.50

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WEEKLY TECHNICAL REPORT 8 AUG TO 12 AUG 16 Weekly FII’S Statistics* DATE

Buy Value

Sell Value

Net Value

5/AUG/2016

4264.48

3828.85

435.63

4/AUG/2016

4144.11

3584.62

559.49

3/AUG/2016

4698.92

4120.63

578.17

2/AUG/2016

4914.92

4378.65

536.27

1/AUG/2016

5928.19

5201.97

726.22

DATE

Buy Value

Sell Value

Net Value

5/AUG/2016

2163.06

1546.74

616.32

4/AUG/2016

1682.14

2209.25

-527.11

3/AUG/2016

1674.42

2475.17

-800.75

2/AUG/2016

2234.26

2617.49

-383.23

1/AUG/2016

2159.81

2573.58

-413.77

Weekly DII’S Statistics*

MOST ACTIVE NIFTY CALLS & PUTS EXPIRY DATE

TYPE

STRIKE PRICE

VOLUME

OPEN INTEREST

25/AUG/2016

CE

8700

208285

4015725

25/AUG/2016

CE

8800

175609

5421075

25/AUG/2016

CE

8900

129310

4604850

25/AUG/2016

PE

8600

183436

4649925

25/AUG/2016

PE

8500

150786

5329725

25/AUG/2016

PE

8400

123576

4517175

MOST ACTIVE BANK NIFTY CALLS & PUTS EXPIRY DATE

TYPE

STRIKE PRICE

VOLUME

OPEN INTEREST

11/AUG/2016

CE

19000

75690

233360

11/AUG/2016

CE

19100

40181

188320

11/AUG/2016

CE

19200

35795

133360

11/AUG/2016

PE

18500

52336

283600

11/AUG/2016

PE

18700

36537

117520

11/AUG/2016

PE

18600

28475

115600

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ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 8 AUG TO 12 AUG 16 Weekly Recommendations: DATE

SYMBOL

STRATEGY

ENTRY

TARGET

STATUS

6 AUG 16

BHARATFORG

BUY ON DEEP

800-795

835-875

OPEN

30 JULY 16

RELCAPITAL

BUY ON DEEP

440-442

458-480

OPEN

23 JULY 16

ITC

BUY ABOVE

254

265-275

BOOK AT 262

16 JULY 16

JETAIRWAYS

SELL BELOW

555

530-505

EXIT AT 580

9 JULY 16

RELIANCE

SELL ON RISE

980-982

940-900

NOT EXECUTED

2 JULY 16

GAIL

BUY ON DEEP

390-392

406-422

OPEN

17 JUN 16

HDFC

BUY ON DEEP

1220-1210

1260-1300

ALL TARGET ACHIEVED

11JUN 16

DHFL

BUY ON DEEP

205-203

214-222

EXIT AT 194

28 MAY 16

HEROMOTOCO

BUY ON DEEP

3000

3120-3250

ALL TARGET ACHIEVED

21 MAY 16

VOLTAS

BUY ABOVE

332

345-360

BOOK AT 342

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

1ST TARGET ACHIEVED 1ST TARGET 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

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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