EQUITY TECHNICAL REPORT WEEKLY [8 MAR to 11 MAR 2016]
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 8 MAR TO 11 MAR 16
NIFTY 50 7485.35 (455.60) (6.48%) Markets ended lower on Monday amid a volatile trading session after weak global cues offset a Budget that maintained the path to fiscal prudence and growth while higher allocations to the rural sector sought to boost incomes of the poor and the underprivileged. Union Budget 2016 failed to cheer the market, the Nifty 50 closes -0.61 %, or -42 points, lower at 6987 on Monday in a volatile trade. Finance minister Mr. Arun Jaitley Union Budget announcements, particularly with respect to taxing of dividend income in the hands of high net-worth individuals (HNIs). The government’s pledge to retain fiscal deficit target at 3.5 % of GDP for 2016-17 spurred optimism that the Reserve Bank of India (RBI) may lower interest rates. After Budget 2016, nifty 50 ended its bearish trend and came in bullish trend. And the remaining trading session of the nifty continues followed the buying trend. On Friday nifty made a strong resistance at 7500, nifty continues in buying traded, our recommendation is BUY NIFTY FUTURE ON DEEP AT 74007420 TARGET 7500-7575 SL 7320. The nifty ended; concluded week with a gain of (6.48%) or (455.60) over the previous week’s closing.
Formations
The 20 days EMA are placed at 7265.01 The 5 days EMA are placed at 7345.46
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Future Outlook: The Nifty daily chart is bullish; Nifty is trading around 7400 than next level 7500.
Nifty selling pressure near at 7000; Upside weekly Resistance is 7700-7900 level. The Nifty weekly strong support is 7050-6600 ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 8 MAR TO 11 MAR 16
Weekly Pivot Levels for Nifty 50 Stocks Script Symbol NIFTY 50
Resistance2
BAJAJ-AUTO BOSCHLTD HEROMOTOCO M&M MARUTI TATAMOTORS
2419.58 18074.78 3109.88 1318.62 3918.87 386.00
7952
ACC AMBUJACEM GRASIM ULTRACEMCO
1310.18 211.73 3710.60 3188.93
LT
1340.97
ASIANPAINT HINDUNILVR ITC
922.87 878.98 371.60
BPCL CAIRN GAIL NTPC ONGC POWERGRID RELIANCE TATAPOWER
868.93 144.02 385.27 135.32 236.00 145.55 1069.47 62.12
AXISBANK
448.02 167.70 1088.05 1209.37 251.57 999.03 724.52 93.27 213.93 836.78
BANKBARODA HDFCBANK HDFC ICICIBANK INDUSINDBK KOTAKBANK PNB SBIN YESBANK www.zoidresearch.com
Resistance1
Pivot
7719 7272 AUTOMOBILE 2362.92 2267.43 17666.47 17021.68 2972.87 2721.98 1267.48 1228.57 3736.98 3465.12 364.75 327.50 CEMENT & CEMENT PRODUCTS 1274.77 1224.38 207.07 196.03 3612.95 3433.25 3047.92 2868.98 CONSTRUCTION 1267.08 1160.07 CONSUMER GOODS 894.33 867.97 863.87 840.98 343.40 305.70 ENERGY 842.07 791.03 136.08 124.77 363.13 326.72 130.68 124.22 218.35 203.45 142.10 135.70 1037.93 986.47 60.68 58.47 FINANCIAL SERVICES 432.03 403.02 158.30 142.70 1054.30 991.15 1169.18 1095.62 236.03 208.87 957.47 879.73 695.08 640.42 88.13 79.32 201.17 177.08 797.92 730.63
Support 1
Support 2
7039
6592
2210.77 16613.37 2584.97 1177.43 3283.23 306.25
2115.28 15968.58 2334.08 1138.52 3011.37 269.00
1188.97 191.37 3335.60 2727.97
1138.58 180.33 3155.90 2549.03
1086.18
979.17
839.43 825.87 277.50
813.07 802.98 239.80
764.17 116.83 304.58 119.58 185.80 132.25 954.93 57.03
713.13 105.52 268.17 113.12 170.90 125.85 903.47 54.82
387.03 133.30 957.40 1055.43 193.33 838.17 610.98 74.18 164.32 691.77
358.02 117.70 894.25 981.87 166.17 760.43 556.32 65.37 140.23 624.48
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 8 MAR TO 11 MAR 16
BHEL
120.03
HCLTECH INFY TCS TECHM WIPRO
903.60 1268.48 2563.85 497.48 571.65
ZEEL
428.55
INDUSTRIAL MANUFACTURING 113.82 101.98
95.77
83.93
798.15 1095.02 2184.70 417.77 513.75
760.90 1019.38 2011.85 384.28 490.55
372.05
347.95
319.63 76.00 82.42 274.95
311.77 70.10 74.68 258.70
298.38 60.80 61.97 228.85
216.80
204.15
183.15
529.43 3171.60 1764.73 856.83
513.27 3060.20 1710.47 833.67
488.83 2867.65 1640.73 810.53
325.38 106.05
314.12 102.40
298.98 99.15
IT 869.50 1219.57 2460.70 474.37 554.30
832.25 1143.93 2287.85 440.88 531.10
MEDIA & ENTERTAINMENT 412.35 388.25 METALS
COALINDIA HINDALCO VEDL TATASTEEL
340.88 91.20 102.87 321.05
333.02 85.30 95.13 304.80 SERVICES
ADANIPORTS
250.45
237.80
CIPLA DRREDDY LUPIN SUNPHARMA
570.03 3475.55 1888.73 903.13
553.87 3364.15 1834.47 879.97
BHARTIARTL IDEA
351.78 112.95
340.52 109.30
PHARMA
TELECOM
Weekly Top gainers stocks Script Symbol VEDL SBIN ICICIBANK TATASTEEL PNB
Previous Close 71.80 155.90 184.80 248.45 72.50
Current Price 87.40 188.40 220.50 288.55 83.00
% Change 21.73% 20.85% 19.32% 16.14% 14.48%
In Points 15.60 32.50 35.70 40.10 10.50
Current Price 200.70 856.80 1216.35 848.75 NA
% Change -7.10% -1.73% -1.11% -0.14% NA
In Points -15.35 -15.10 -13.70 -1.15 NA
Weekly Top losers stocks Script Symbol ONGC SUNPHARMA M&M HINDUNILVR NA www.zoidresearch.com
Previous Close 216.05 871.90 1230.05 849.90 NA
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 8 MAR TO 11 MAR 16 Weekly FII’S Statistics* DATE
Buy Value
Sell Value
Net Value
4/MAR/2016
4231.60
3560.03
671.57
3/MAR/2016
4363.82
3451.84
911.98
2/MAR/2016
5877.60
4440.10
1437.50
1/MAR/2016
7504.37
4591.78
2912.59
29/FEB/2016
8321.45
10339.40
-2018.02
DATE
Buy Value
Sell Value
Net Value
4/MAR/2016
1393.43
1926.53
-533.10
3/MAR/2016
1845.35
2310.10
-464.75
2/MAR/2016
2024.92
2618.59
-593.67
1/MAR/2016
2203.55
3038.14
-834.59
29/FEB/2016
2856.36
1411.11
1445.25
Weekly DII’S Statistics*
MOST ACTIVE NIFTY CALLS & PUTS EXPIRY DATE
TYPE
STRIKE PRICE
VOLUME
OPEN INTEREST
23/MAR/2016
CE
7500
256099
5933775
23/MAR/2016
CE
7600
223421
4617900
23/MAR/2016
CE
7700
182747
4625550
23/MAR/2016
PE
7200
191364
5656200
23/MAR/2016
PE
7300
185468
4239825
23/MAR/2016
PE
7400
179528
3568350
MOST ACTIVE BANK NIFTY CALLS & PUTS EXPIRY DATE
TYPE
STRIKE PRICE
VOLUME
OPEN INTEREST
23/MAR/2016
CE
16000
79082
569670
23/MAR/2016
CE
15500
67266
486390
23/MAR/2016
CE
16500
43030
261510
23/MAR/2016
PE
14500
59942
440610
23/MAR/2016
PE
14000
47771
451920
23/MAR/2016
PE
15000
45036
374460
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ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 8 MAR TO 11 MAR 16 Weekly Recommendations: DATE
SYMBOL
STRATEGY
ENTRY
TARGET
STATUS
5 MAR 16
SBIN
BUY ON DEEP
180-178
187-199
OPEN
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
EXIT AT 500
16 JAN 16
ASIANPAINT
BUY ON DEEP
880-875
915-955
BP AT 907
9 JAN 16
DLF
SELL BELOW
107
102
26 DEC 15
VEDL
BUY ON DEEP
92
95.50
19 DEC 15
CROMPGREAV
BUY ON DEEP
188-187
194-202
28 NOV 15
ZEEL
BUY ON DEEP
410
425-444
21 NOV 15
BHARTIARTL
BUY ON DEEP
340
352
EXIT AT 324
14 NOV 15
AXISBANK
BUY ON DEEP
485-487
505
EXIT AT 465
31 OCT 15
YESBANK
BUY ON DEEP
755-760
785
TARGET ACHIEVED
ALL TARGET ACHIEVED ALL TARGET ACHIEVED 1ST TARGET ACHIEVED 1ST TARGET ACHIEVED
TARGET ACHIEVED 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
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