EQUITY TECHNICAL REPORT WEEKLY [9 JAN to 13 JAN 2017]
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 9 JAN TO 13 JAN 17
NIFTY 50 8243.80 (58.00) (0.71%) On the first Trading day of the New Year 2017, India’s benchmark index Nifty opened 24 points above its previous day close of 8185. The markets open on a positive note. But later pared gains to turn red on Monday On Tuesday, The Nifty the benchmark Index had a choppy session but went on to make a new high of 8219 and closed at 8192. FII's are not participating in the buy rally. Which is not triggering a buy breakout in the market. On Wednesday, The Nifty to open positive on cues from international markets and thereafter traded in a narrow range of 36 points. The Intraday of the high and low of the Index being 8218.5 and 8180.9 and the Nifty closed with a loss of mere 2 points at 8190. On Thursday, The Nifty saw an upward movement from the beginning of the day as it opened gap up by 30 points at 8226. The Banking Index had a volatile day being the weekly expiry. The Nifty closed up 83 points at 8273. As investors expect the government to achieve its fiscal deficit target for the current fiscal after Union finance minister Mr. Arun Jaitley said tax collection will exceed budget estimates. On Friday, the last Trading day of the week; the Nifty showed profit booking from its day high of 8307 and made a low of 8233 to close at 8244. We had recommended on last week research report (see our weekly report 2 Jan 6 Jan 17) [NIFTY MOVED ON OUR WORDS; NIFTY FUTURE BUY ON DEEP AROUND 8150 TARGET WILL BE 83008500. OUR LEVEL EXECUTED ON 2 JAN MADE A LOW AT 8133 & OUR TARGET ACHIEVED ON FRIDAY 6 JAN 2017 NIFTY MADE HIGH AT 8306.85]. The Nifty50 (spot) opened the week at 8210.10, made a high of 8306.85 low of 8133.80 and closed the week at 8243.80. Thus the Nifty closed the week with a gained of 58 points or 0.71%.
Formations
The 20 days EMA are placed at 8149.55
The 5 days EMA are placed at 8213.27
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Future Outlook: The Nifty daily chart is bullish trend. we advised to Nifty future buy on deep around 8200 target will be 8300-8400. The nifty future selling pressure below 8050. Nifty upside weekly Resistance is 8400-8325 level. On the downside strong support at 8150-8050 ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 9 JAN TO 13 JAN 17
Weekly Pivot Levels for Nifty 50 Stocks Script Symbol NIFTY 50 (SPOT)
Resistance2
BAJAJ-AUTO BOSCHLTD EICHERMOT HEROMOTOCO M&M MARUTI TATAMTRDVR TATAMOTORS
2820.72 22955.77 23315.22 3206.15 1278.65 5903.05 341.80 520.48
ACC AMBUJACEM GRASIM ULTRACEMCO
1381.07 222.47 892.42 3447.92
LT
1435.82
ASIANPAINT HINDUNILVR ITC
965.00 899.95 253.83
BPCL GAIL NTPC ONGC POWERGRID RELIANCE TATAPOWER
705.22 459.18 168.93 216.02 198.33 1111.45 79.40
8323 8228 AUTOMOBILE 2764.03 2683.02 22033.53 21026.77 23016.48 22552.67 3136.85 3049.70 1249.55 1209.90 5759.30 5513.55 330.25 313.75 494.12 481.58 CEMENT & CEMENT PRODUCTS 1357.48 1336.32 217.53 213.27 873.83 862.42 3385.33 3336.42 CONSTRUCTION 1413.38 1381.27 CONSUMER GOODS 947.25 914.75 866.85 841.70 248.27 243.43 ENERGY 685.03 660.82 450.87 442.43 166.47 165.03 209.28 200.22 193.57 188.08 1093.20 1078.75 78.25 76.65
476.10 159.42 1222.62 1305.28 269.18 1199.78 738.58 259.43 1330.58
FINANCIAL SERVICES 465.65 453.45 156.33 151.52 1208.13 1195.62 1263.82 1230.53 263.67 255.88 1171.92 1127.13 727.72 710.13 252.67 246.88 1288.67 1209.98
AXISBANK BANKBARODA HDFCBANK HDFC ICICIBANK INDUSINDBK KOTAKBANK SBIN YESBANK www.zoidresearch.com
8401
Resistance1
Pivot
Support 1
Support 2
8150
8055
2626.33 20104.53 22253.93 2980.40 1180.80 5369.80 302.20 455.22
2545.32 19097.77 21790.12 2893.25 1141.15 5124.05 285.70 442.68
1312.73 208.33 843.83 3273.83
1291.57 204.07 832.42 3224.92
1358.83
1326.72
897.00 808.60 237.87
864.50 783.45 233.03
640.63 434.12 162.57 193.48 183.32 1060.50 75.50
616.42 425.68 161.13 184.42 177.83 1046.05 73.90
443.00 148.43 1181.13 1189.07 250.37 1099.27 699.27 240.12 1168.07
430.80 143.62 1168.62 1155.78 242.58 1054.48 681.68 234.33 1089.38
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 9 JAN TO 13 JAN 17
BHEL
133.07
HCLTECH INFY TCS TECHM WIPRO
893.30 1029.32 2442.33 521.78 493.78
ZEEL
487.57
INDUSTRIAL MANUFACTURING 129.73 125.22
121.88
117.37
790.85 955.88 2229.02 454.97 462.07
767.30 939.52 2176.63 440.18 454.18
450.43
437.77
304.87 159.58 411.28
298.33 155.37 397.17
290.47 149.98 374.78
283.03
274.27
263.28
687.83 578.62 3142.92 1505.35 639.17
665.67 566.23 3081.98 1482.90 628.58
638.93 549.62 3004.82 1453.75 616.42
316.38 349.55 73.58
302.77 341.70 71.52
285.53 329.15 70.13
IT 853.85 1000.78 2361.87 495.77 481.87
830.30 984.42 2309.48 480.98 473.98
MEDIA & ENTERTAINMENT 475.33 462.67 METALS
COALINDIA HINDALCO TATASTEEL
319.27 169.18 447.78
312.73 164.97 433.67 SERVICES
ADANIPORTS
302.78
294.02
AUROPHARMA CIPLA DRREDDY LUPIN SUNPHARMA
736.73 607.62 3281.02 1556.95 661.92
714.57 595.23 3220.08 1534.50 651.33
BHARTIARTL INFRATEL IDEA
347.23 369.95 77.03
333.62 362.10 74.97
PHARMA
TELECOM
Weekly Top gainers stocks Script Symbol Previous Close YESBANK 1156.45 TATASTEEL 391.25 ADANIPORT 268.45 ONGC 191.35 MARUTI 5319.55
Current Price 1246.75 419.55 286.05 202.55 5615.55
% Change 7.81% 7.23% 6.56% 5.85% 5.56%
In Points 90.30 28.30 17.60 11.20 296.00
Weekly Top losers stocks Script Symbol Previous Close TECHM 488.90 INFY 1010.60 TCS 2365.55 HDFC 1262.60 SBIN 250.20
Current Price 469.75 972.25 2281.40 1222.35 245.90
% Change -3.92% -3.79% -3.56% -3.19% -1.72%
In Points -19.15 -38.35 -84.15 -40.25 -4.30
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ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 9 JAN TO 13 JAN 17 Weekly FII’S Statistics* DATE
Buy Value
Sell Value
Net Value
6/JAN/2017
3502.20
3757.41
-255.21
5/JAN/2017
4518.96
4605.84
-86.88
4/JAN/2017
3428.23
4228.94
-800.71
3/JAN/2017
1909.03
2409.52
-500.49
2/JAN/2017
959.07
1219.71
-260.64
DATE
Buy Value
Sell Value
Net Value
6/JAN/2017
2563.28
2397.99
165.29
5/JAN/2017
2259.39
1810.32
449.07
4/JAN/2017
1887.48
1460.39
427.09
3/JAN/2017
2124.08
1561.81
562.27
2/JAN/2017
1630.57
1609.91
20.66
Weekly DII’S Statistics*
MOST ACTIVE NIFTY CALLS & PUTS EXPIRY DATE
TYPE
STRIKE PRICE
VOLUME
OPEN INTEREST
25/JAN/2017
CE
8300
170363
4107900
25/JAN/2017
CE
8500
139588
4161750
25/JAN/2017
CE
8400
135672
4823400
25/JAN/2017
PE
8200
165310
4589400
25/JAN/2017
PE
8300
122841
2551800
25/JAN/2017
PE
8100
103243
4300050
MOST ACTIVE BANK NIFTY CALLS & PUTS EXPIRY DATE
TYPE
STRIKE PRICE
VOLUME
OPEN INTEREST
12/JAN/2017
CE
18500
114486
46120
12/JAN/2017
CE
18300
105978
456960
12/JAN/2017
CE
18400
92933
277080
12/JAN/2017
PE
18000
99890
541160
12/JAN/2017
PE
18100
76168
295240
12/JAN/2017
PE
18200
68513
304400
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ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 9 JAN TO 13 JAN 17 Weekly Recommendations:DATE
SYMBOL
STRATEGY
ENTRY
TARGET
STATUS
7 JAN 17
MOTHERSUMI
BUY ON DEEP
332-330
345-360
OPEN
31 DEC 16
VEDL
BUY AROUND
216
225-235
1ST TARGET ACHIEVED
24 DEC 16
SUNPHARMA
BUY ABOVE
625
650-675
BOOK AT 649
17 DEC 16
HDFCBANK
BUY ABOVE
1200
1250-1300
OPEN
10 DEC 16
HINDALCO
BUY ON DEEP
182-180
189-200
EXIT AT 172
3 DEC 16
ONGC
BUY ON DEEP
288-290
300-315
26 NOV 16
VEDL
BUY ON DEEP
223-220
232-242
19 NOV 16
BANKBARODA
BUY AROUND
177
184-192
EXIT AT 170
12 NOV 16
CANBK
BUY ON DEEP
310-311
323-337
1ST TARGET ACHIEVED
5 NOV 16
INFY
BUY ABOVE
980
1020-1060
EXIT AT 940
28 OCT 16
VEDL
BUY ON DEEP
202-201
210-220
ALL TARGET ACHIEVED
15 OCT 16
TATAMTRDVR
BUY ON DEEP
360-358
375
EXIT AT 344
8 OCT 16
HDFCBANK
SELL BELOW
1285
1233-1180
1ST TARGET ACHIEVED
1 OCT 16
ZEEL
BUY AROUND
540-545
565-590
(OUR ALL TARGET ACHIEVED BUT BUYING LEVEL WAS NOT EXECUTED)
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
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