EQUITY TECHNICAL REPORT WEEKLY [28 MAR to 1 APR 2016]
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 28 MAR TO 1 APR 16
NIFTY 50 7716.50 (112.15) (1.48%)
Last Week Nifty opened with positive note market opened very higher side. In the morning nifty opened above 7600 level on Monday. On Tuesday market was highly volatile but in the end, it did retain the gains it had covered post FOMC meet. Caution over a potential US rate hike, coupled with negative Chinese indices and profit booking, subdued the equity markets. On Wednesday the market was in a holiday mood and investors took a cautionary approach ahead of the long weekend. On Thursday & Friday market had trading holiday; due to Holi Festival and Good Friday. We
had recommended on last week research report (see our weekly report 21 MAR. to 25 MAR) [BUY NIFTY FUTURE ABOVE 7600 TARGET 77007750. ON WENSDAY (23 MARCH 2016) OUR TARGET ALMOST ACHIEVED MADE A HIGH AT 7746.55]. The Nifty50 opened the week at 7619.20, made a high of 7728.20, low of 7617.7 and closed the week at 7716.50. Thus the Nifty closed the week with a gain of 112.15 points. The Nifty rose 1.48 percent.
Formations
The 20 days EMA are placed at 7463.48 The 5 days EMA are placed at 7659.85
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Future Outlook: The Nifty daily chart is bullish; the short term trend hence continues to remain positive. We advised to buy nifty future around 7650 target 7800. We are expecting nifty take a correction around 7625-7650 and continues the follow the buying trend around 7800-7900. On the downside strong support at 7575 ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 28 MAR TO 1 APR 16
Weekly Pivot Levels for Nifty 50 Stocks Script Symbol NIFTY 50
Resistance2
BAJAJ-AUTO BOSCHLTD HEROMOTOCO M&M MARUTI TATAMOTORS
2411.20 21641.23 3008.53 1286.92 3834.00 390.50
7798
ACC AMBUJACEM GRASIM ULTRACEMCO
1432.22 240.35 3936.27 3345.45
LT
1233.32
ASIANPAINT HINDUNILVR ITC
885.97 903.80 342.88
BPCL CAIRN GAIL NTPC ONGC POWERGRID RELIANCE TATAPOWER
899.67 163.27 373.53 129.85 222.47 140.92 1064.47 66.48
AXISBANK
453.10 149.83 1070.42 1200.88 238.47 943.55 685.98 88.77 201.20 877.05
BANKBARODA HDFCBANK HDFC ICICIBANK INDUSINDBK KOTAKBANK PNB SBIN YESBANK www.zoidresearch.com
Resistance1
Pivot
7757 7688 AUTOMOBILE 2383.80 2336.60 20929.37 19831.73 2939.97 2846.13 1268.13 1247.07 3785.00 3695.00 383.75 374.75 CEMENT & CEMENT PRODUCTS 1402.43 1370.22 234.30 227.90 3858.63 3749.37 3271.95 3191.50 CONSTRUCTION 1237.93 1234.92 CONSUMER GOODS 867.98 857.02 888.70 867.90 333.72 327.03 ENERGY 884.08 872.22 160.83 157.17 364.82 359.78 128.60 127.45 218.53 215.22 139.18 137.72 1046.83 1034.62 64.57 61.48 FINANCIAL SERVICES 445.30 439.80 146.92 144.88 1059.88 1046.07 1181.82 1154.93 236.33 233.47 935.80 929.25 672.97 662.78 86.73 85.47 198.90 195.95 863.15 837.95
Support 1
Support 2
7647
7577
2309.20 19119.87 2777.57 1228.28 3646.00 368.00
2262.00 18022.23 2683.73 1207.22 3556.00 359.00
1340.43 221.85 3671.73 3118.00
1308.22 215.45 3562.47 3037.55
1239.53
1236.52
839.03 852.80 317.87
828.07 832.00 311.18
856.63 154.73 351.07 126.20 211.28 135.98 1016.98 59.57
844.77 151.07 346.03 125.05 207.97 134.52 1004.77 56.48
432.00 141.97 1035.53 1135.87 231.33 921.50 649.77 83.43 193.65 824.05
426.50 139.93 1021.72 1108.98 228.47 914.95 639.58 82.17 190.70 798.85
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 28 MAR TO 1 APR 16
BHEL
121.97
HCLTECH INFY TCS TECHM WIPRO
838.30 1235.53 2528.47 500.53 573.92
ZEEL
399.93
INDUSTRIAL MANUFACTURING 119.33 115.17
112.53
108.37
810.40 1182.97 2433.23 472.12 544.23
803.10 1158.13 2392.67 464.33 532.72
384.02
379.53
297.08 89.10 95.83 311.92
294.47 86.50 93.47 305.93
290.93 81.70 90.08 294.67
239.93
234.87
231.43
532.45 3071.82 1532.38 838.43
525.90 3017.08 1492.77 824.87
519.00 2986.27 1461.38 803.23
354.27 104.32
347.13 102.13
336.07 99.32
IT 828.00 1221.67 2501.13 490.22 564.83
820.70 1196.83 2460.57 482.43 553.32
MEDIA & ENTERTAINMENT 394.22 389.73 METALS
COALINDIA HINDALCO VEDL TATASTEEL
303.23 96.50 101.58 329.17
300.62 93.90 99.22 323.18 SERVICES
ADANIPORTS
248.43
243.37
CIPLA DRREDDY LUPIN SUNPHARMA
545.90 3157.37 1603.38 873.63
539.35 3102.63 1563.77 860.07
BHARTIARTL IDEA
372.47 109.32
365.33 107.13
PHARMA
TELECOM
Weekly Top gainers stocks Script Symbol BOSCHLTD HINDALCO TATAPOWER TATASTEEL VEDL
Previous Close 18774.10 85.20 58.50 302.20 92.30
Current Price 20217.50 91.30 62.65 317.20 96.85
% Change 7.69% 7.16% 7.09% 4.96% 4.93%
In Points 1443.40 6.10 4.15 15.00 4.55
Current Price 3047.90 850.00 479.90 356.10 1524.15
% Change -3.89% -2.90% -2.55% -2.26% -1.95%
In Points -123.40 -25.35 -12.55 -8.25 -30.25
Weekly Top losers stocks Script Symbol DRREDDY ASIANPAINT TECHM GAIL LUPIN www.zoidresearch.com
Previous Close 3171.30 875.35 492.45 364.35 1554.40
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 28 MAR TO 1 APR 16 Weekly FII’S Statistics* DATE
Buy Value
Sell Value
Net Value
23/MAR/2016
3923.97
2947.06
976.91
22/MAR/2016
4945.28
3849.84
1095.44
21/MAR/2016
4791.88
3395.55
1396.33
DATE
Buy Value
Sell Value
Net Value
23/MAR/2016
1596.53
2619.11
-1022.58
22/MAR/2016
1167.84
2098.21
-930.37
21/MAR/2016
1497.69
2116.46
-618.77
Weekly DII’S Statistics*
MOST ACTIVE NIFTY CALLS & PUTS EXPIRY DATE
TYPE
STRIKE PRICE
VOLUME
OPEN INTEREST
23/MAR/2016
CE
7800
468695
6657225
23/MAR/2016
CE
7700
438965
5738250
23/MAR/2016
CE
7900
189389
2530350
23/MAR/2016
PE
7700
415658
4362075
23/MAR/2016
PE
7600
411801
5371725
23/MAR/2016
PE
7500
255830
4985150
MOST ACTIVE BANK NIFTY CALLS & PUTS EXPIRY DATE
TYPE
STRIKE PRICE
VOLUME
OPEN INTEREST
23/MAR/2016
CE
16000
123848
986790
23/MAR/2016
CE
16500
56973
505590
23/MAR/2016
CE
16200
21346
185700
23/MAR/2016
PE
15500
89245
600030
23/MAR/2016
PE
16000
48148
252000
23/MAR/2016
PE
15800
40913
216120
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ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 28 MAR TO 1 APR 16 Weekly Recommendations: DATE
SYMBOL
STRATEGY
ENTRY
TARGET
26 MAR 16
BATAINDIA
BUY ON DEEP
500-498
520-550
STATUS OPEN ST
1 TARGET ACHIEVED 1ST TARGET ACHIEVED 1ST TARGET ACHIEVED ALL TARGET ACHIEVED ALL TARGET ACHIEVED 1ST TARGET ACHIEVED 1ST TARGET ACHIEVED
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
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
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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ZOID RESEARCH TEAM