EQUITY TECHNICAL REPORT WEEKLY [23 JAN to 27 JAN 2017]
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 23 JAN TO 27 JAN 17
NIFTY 50 8349.35 (-51.00) (-0.61%) The Nifty index opened negative note at 8391 and made a day low of 8374 taking support of 8374 and follow the buying trend. Nifty managed to close above the crucial level of 8400. On Tuesday, Nifty continued its range bound movement. The Nifty closed with a loss of 15 points at 8,398. The Nifty opened at 8,415 hitting a high of 8,441 and low of 8,378. The stock market erased morning gains and closed lower. On Wednesday, The Indian stock market was trading in green, Nifty50 settled the day above its 8400-mark, gaining 19 points. and Nifty finally closed at 8417. Nifty holds 8400 in a narrow trading range over past trading sessions. On Thursday, markets closed range bound session, Nifty is trading range bound at 8450-8400 and Nifty settled marginally higher, in the absence of any major trigger. On Friday, The Nifty opened at 8404; 30 points below Thursday closing of 8435.Thereafter the index made a high of 8423 but could not sustain the same. Sharp selling was observed around 1 P.M. when Nifty broke its range low of 8373 and went on to make a low of 8341. The new era of International politics has begun with Donald Trump coming into power. In his speech on Friday, US President Mr. Trump has signaled warning signs for the world and has pledged for the American People's growth. Next week is going to be very crucial as the markets would digest the Trump policies. The Nifty50 (spot) opened the week at 8390.95, made a high of 8460.30 low of 8340.95 and closed the week at 8349.35. Thus the Nifty closed the week with a losing of -51 points or -0.61%.
Formations 
The 20 days EMA are placed at 8296.52

The 5 days EMA are placed at 8387.82
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Future Outlook: The Nifty daily chart is consolidated trend. If Nifty future trade below at 8300 than down side target will be 8200-8100. If nifty future trade above 8450 than upside target will be 8500-8550. Nifty upside weekly Resistance is 8500-8425 level. On the downside strong support at 8300-8250 ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 23 JAN TO 27 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
2770.02 22573.97 23081.42 3210.53 1241.68 5793.65 345.57 543.87
ACC AMBUJACEM GRASIM ULTRACEMCO
1389.42 227.33 910.27 3665.28
LT
1489.58
ASIANPAINT HINDUNILVR ITC
1008.27 906.45 262.13
BPCL GAIL NTPC ONGC POWERGRID RELIANCE TATAPOWER
690.32 490.77 179.15 206.43 208.00 1117.93 80.62
8426 8383 AUTOMOBILE 2735.53 2708.52 21937.93 21463.97 22935.28 22555.17 3130.57 3078.58 1216.87 1201.98 5731.30 5686.65 336.63 330.57 533.53 525.27 CEMENT & CEMENT PRODUCTS 1357.93 1336.47 222.52 216.53 886.78 861.72 3568.47 3434.23 CONSTRUCTION 1452.17 1431.58 CONSUMER GOODS 987.73 957.32 883.45 852.95 258.77 252.93 ENERGY 677.53 663.92 475.43 455.82 174.80 171.90 201.87 197.43 203.70 199.40 1071.87 1047.88 79.08 78.12
507.18 165.08 1264.92 1277.37 275.58 1259.68 751.35 266.15 1416.90
FINANCIAL SERVICES 478.97 463.48 159.72 156.63 1250.63 1241.72 1257.33 1243.97 269.52 266.03 1239.97 1220.98 737.20 727.60 258.60 254.45 1387.80 1349.60
AXISBANK BANKBARODA HDFCBANK HDFC ICICIBANK INDUSINDBK KOTAKBANK SBIN YESBANK www.zoidresearch.com
8503
Resistance1
Pivot
Support 1
Support 2
8307
8264
2674.03 20827.93 22409.03 2998.62 1177.17 5624.30 321.63 514.93
2647.02 20353.97 22028.92 2946.63 1162.28 5579.65 315.57 506.67
1304.98 211.72 838.23 3337.42
1283.52 205.73 813.17 3203.18
1394.17
1373.58
936.78 829.95 249.57
906.37 799.45 243.73
651.13 440.48 167.55 192.87 195.10 1001.82 76.58
637.52 420.87 164.65 188.43 190.80 977.83 75.62
435.27 151.27 1227.43 1223.93 259.97 1201.27 713.45 246.90 1320.50
419.78 148.18 1218.52 1210.57 256.48 1182.28 703.85 242.75 1282.30
ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 23 JAN TO 27 JAN 17
BHEL
137.35
HCLTECH INFY TCS TECHM WIPRO
863.65 972.83 2343.12 505.55 492.90
ZEEL
496.75
INDUSTRIAL MANUFACTURING 133.20 130.40
126.25
123.45
826.55 941.32 2242.23 458.10 472.70
814.35 933.93 2199.12 447.55 467.50
458.70
450.25
308.38 173.10 455.92
297.77 167.85 441.83
291.83 164.05 429.17
290.17
277.38
270.62
707.95 581.45 2958.13 1477.87 645.48
685.10 569.50 2909.27 1442.73 636.07
672.15 561.40 2871.13 1420.12 630.58
319.68 353.98 70.32
311.87 348.07 68.03
303.18 342.93 64.57
IT 851.20 960.77 2314.23 487.10 485.40
839.00 953.38 2271.12 476.55 480.20
MEDIA & ENTERTAINMENT 481.95 473.50 METALS
COALINDIA HINDALCO TATASTEEL
324.93 182.15 482.67
314.32 176.90 468.58 SERVICES
ADANIPORTS
309.72
296.93
AUROPHARMA CIPLA DRREDDY LUPIN SUNPHARMA
743.75 601.50 3045.13 1535.62 660.38
720.90 589.55 2996.27 1500.48 650.97
BHARTIARTL INFRATEL IDEA
336.18 365.03 76.07
328.37 359.12 73.78
PHARMA
TELECOM
Weekly Top gainers stocks Script Symbol Previous Close ULTRACEMCO 3319.70 HINDUNILVR 827.95 IDEA 68.80 ASIANPAINT 933.25 YESBANK 1318.05
Current Price 3471.65 860.45 71.50 967.20 1358.70
% Change 4.58% 3.93% 3.92% 3.64% 3.08%
In Points 151.95 32.50 2.70 33.95 40.65
Weekly Top losers stocks Script Symbol Previous Close RELIANCE 1090.40 AXISBANK 472.80 TECHM 488.50 COALINDIA 315.00 ADANIPORT 294.05
Current Price 1025.80 450.75 468.65 303.70 284.15
% Change -5.92% -4.66% -4.06% -3.59% -3.37%
In Points -64.90 -22.05 -19.85 -11.30 -9.90
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WEEKLY TECHNICAL REPORT 23 JAN TO 27 JAN 17 Weekly FII’S Statistics* DATE
Buy Value
Sell Value
Net Value
20/JAN/2017
4510.70
4537.04
-26.34
19/JAN/2017
4091.02
4223.28
-132.26
18/JAN/2017
4134.43
3815.29
319.14
17/JAN/2017
3448.66
3306.45
142.21
16/JAN/2017
2380.50
2727.75
-347.25
DATE
Buy Value
Sell Value
Net Value
20/JAN/2017
2364.10
2539.58
-175.48
19/JAN/2017
2544.60
2164.97
379.63
18/JAN/2017
2646.47
2401.44
245.03
17/JAN/2017
2096.26
2703.49
-607.23
16/JAN/2017
2270.61
2067.16
203.45
Weekly DII’S Statistics*
MOST ACTIVE NIFTY CALLS & PUTS EXPIRY DATE
TYPE
STRIKE PRICE
VOLUME
OPEN INTEREST
25/JAN/2017
CE
8400
379848
5656200
25/JAN/2017
CE
8500
309710
5061975
25/JAN/2017
CE
8600
153621
4412850
25/JAN/2017
PE
8400
357408
4381950
25/JAN/2017
PE
8300
303080
5814525
25/JAN/2017
PE
8200
190829
6112500
MOST ACTIVE BANK NIFTY CALLS & PUTS EXPIRY DATE
TYPE
STRIKE PRICE
VOLUME
OPEN INTEREST
25/JAN/2017
CE
19200
140798
743800
25/JAN/2017
CE
19000
127930
1283280
25/JAN/2017
CE
19300
112565
571960
25/JAN/2017
PE
19000
123737
515960
25/JAN/2017
PE
18800
110971
334400
25/JAN/2017
PE
18900
100804
349920
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ZOID RESEARCH TEAM
WEEKLY TECHNICAL REPORT 23 JAN TO 27 JAN 17 Weekly Recommendations:DATE
SYMBOL
STRATEGY
ENTRY
TARGET
STATUS
21 JAN 17
AMBUJACEM
BUY ON DEEP
216-218
226-236
OPEN
7 JAN 17
MOTHERSUMI
BUY ON DEEP
332-330
345-360
OPEN
31 DEC 16
VEDL
BUY AROUND
216
225-235
24 DEC 16
SUNPHARMA
BUY ABOVE
625
650-675
17 DEC 16
HDFCBANK
BUY ABOVE
1200
1250-1300
10 DEC 16
HINDALCO
BUY ON DEEP
182-180
189-200
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
ALL TARGET ACHIEVED 1ST TARGET ACHIEVED 1ST TARGET ACHIEVED EXIT AT 172 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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