Equity (Nifty) Technical Report (17-21Oct)

Page 1

EQUITY TECHNICAL REPORT WEEKLY [17 OCT to 21 OCT 2016]

ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 17 OCT TO 21 OCT 16

NIFTY 50 8583.40 (-114.20) (-1.32%) This week's markets open with a positive note and Nifty managed to close above its crucial psychological of 8750. The Nifty closed with a gain of 11 points at 8708.80. On Tuesday and Wednesday was Market holiday due to Dussehra and Muharram. On Thursday market opened in red and markets fall sharply. Nifty closed with a loss of 135 points at 8573. It opened at 8672, hit an intra-day high of 8682 and low of 8541. We had recommended on last week research report (see our weekly report 10 Oct to 14 Oct) (we advised to Nifty future sell on rise around 8670 target will be 85508450). Our target achieved on 13 Oct Nifty future made a low at 8551. On Friday, the last Trading day of the week; the market is showing correction. A Market opened in green after massive cuts yesterday and also rebound in Asian markets. Nifty jumped 10 points to close at 8583. The Nifty50 (spot) opened the week at 8735.35, made a high of 8745.80 low of 8841.35 and closed the week at 8583.40. Thus the Nifty closed the week with a losing of -114.20 points or -1.32%. Formations

 The 20 days EMA are placed at 8701.57  The 5 days EMA are placed at 8638.23

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Future Outlook: The Nifty daily chart is bearish trend; we advised to Nifty future sell on rise around 8700 target will be 8550-8450. The nifty future buying pressure above 8750. Nifty upside weekly Resistance is 8700-8825 level. On the downside strong support 8500-8400 ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 17 OCT TO 21 OCT 16

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

Resistance2

BAJAJ-AUTO BOSCHLTD EICHERMOT HEROMOTOCO M&M MARUTI TATAMTRDVR TATAMOTORS

2993.83 23981.38 27181.15 3659.47 1487.33 5829.40 383.12 585.63

ACC AMBUJACEM GRASIM ULTRACEMCO

1675.80 266.10 1060.72 4135.23

LT

1501.58

ASIANPAINT HINDUNILVR ITC

1249.93 906.15 248.15

BPCL GAIL NTPC ONGC POWERGRID RELIANCE TATAPOWER

722.65 450.05 156.10 287.85 186.45 1153.83 84.77

8705 8624 AUTOMOBILE 2938.67 2861.83 23558.47 23127.08 26495.80 25819.65 3566.83 3501.37 1430.67 1398.08 5756.60 5694.20 374.63 358.87 575.67 557.33 CEMENT & CEMENT PRODUCTS 1650.60 1627.80 259.45 254.35 1042.83 1015.52 4034.57 3944.08 CONSTRUCTION 1479.27 1457.23 CONSUMER GOODS 1217.27 1191.33 891.70 875.25 243.55 239.60 ENERGY 693.10 654.05 432.05 401.80 152.20 149.95 277.60 265.00 181.70 178.65 1131.42 1103.83 82.73 79.07

566.38 177.15 1309.43 1460.37 265.53 1264.35 806.25 271.00 1312.43

FINANCIAL SERVICES 550.12 537.08 170.50 166.55 1295.02 1285.63 1432.03 1409.02 258.07 253.13 1242.60 1218.25 794.45 784.80 264.85 258.75 1293.12 1278.18

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

8828

Resistance1

Pivot

Support 1

Support 2

8501

8420

2806.67 22704.17 25134.30 3408.73 1341.42 5621.40 350.38 547.37

2729.83 22272.78 24458.15 3343.27 1308.83 5559.00 334.62 529.03

1602.60 247.70 997.63 3843.42

1579.80 242.60 970.32 3752.93

1434.92

1412.88

1158.67 860.80 235.00

1132.73 844.35 231.05

624.50 383.80 146.05 254.75 173.90 1081.42 77.03

585.45 353.55 143.80 242.15 170.85 1053.83 73.37

520.82 159.90 1271.22 1380.68 245.67 1196.50 773.00 252.60 1258.87

507.78 155.95 1261.83 1357.67 240.73 1172.15 763.35 246.50 1243.93

ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 17 OCT TO 21 OCT 16

BHEL

142.07

HCLTECH INFY TCS TECHM WIPRO

842.98 1065.98 2494.00 439.12 489.38

ZEEL

611.43

INDUSTRIAL MANUFACTURING 138.63 136.57

133.13

131.07

786.82 997.97 2331.45 413.63 472.52

767.08 983.38 2295.10 407.52 468.08

550.67

529.13

321.15 157.35 396.82

313.30 153.00 386.03

307.80 148.00 365.52

265.43

260.92

254.98

857.77 580.13 3094.77 1495.72 757.67

832.53 556.42 3004.53 1483.43 742.33

809.27 542.78 2954.77 1466.72 733.47

319.87 370.98 80.53

313.58 357.02 78.47

307.72 343.13 76.93

IT 824.77 1039.27 2430.90 429.43 483.17

805.03 1024.68 2394.55 423.32 478.73

MEDIA & ENTERTAINMENT 591.82 570.28 METALS

COALINDIA HINDALCO TATASTEEL

334.50 166.70 428.12

326.65 162.35 417.33 SERVICES

ADANIPORTS

275.88

271.37

AUROPHARMA CIPLA DRREDDY LUPIN SUNPHARMA

906.27 617.48 3234.77 1524.72 781.87

881.03 593.77 3144.53 1512.43 766.53

BHARTIARTL INFRATEL IDEA

332.02 398.83 84.13

325.73 384.87 82.07

PHARMA

TELECOM

Weekly Top gainers stocks Script Symbol Previous Close GAIL 414.05 ONGC 267.35 CIPLA 570.05 ULTRACEMCO 3933.90 ASIANPAINT 1184.60

Current Price 430.40 277.05 587.00 4036.50 1205.75

% Change 3.95% 3.63% 2.97% 2.61% 1.79%

In Points 16.35 9.70 16.95 102.60 21.15

Weekly Top losers stocks Script Symbol Previous Close ZEEL 572.20 IDEA 80.00 HDFC 1403.70 BANKBARODA 163.85 ADANIPORT 266.85

Current Price 528.50 74.70 1316.05 153.95 254.35

% Change -7.64% -6.63% -6.24% -6.04% -4.68%

In Points -43.70 -5.30 -87.65 -9.90 -12.50

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WEEKLY TECHNICAL REPORT 17 OCT TO 21 OCT 16 Weekly FII’S Statistics* DATE

Buy Value

Sell Value

Net Value

14/OCT/2016

3983.06

4929.48

-946.42

13/OCT/2016

6244.03

7155.56

-911.53

10/OCT/2016

1742.57

2289.83

-547.26

DATE

Buy Value

Sell Value

Net Value

14/OCT/2016

2837.80

2280.90

556.90

13/OCT/2016

2933.90

2254.41

679.49

10/OCT/2016

2058.51

1589.55

468.96

Weekly DII’S Statistics*

MOST ACTIVE NIFTY CALLS & PUTS EXPIRY DATE

TYPE

STRIKE PRICE

VOLUME

OPEN INTEREST

27/OCT/2016

CE

8600

230530

3517725

27/OCT/2016

CE

8700

200606

4272975

27/OCT/2016

CE

8800

174157

5234025

27/OCT/2016

PE

8600

197892

4374600

27/OCT/2016

PE

8500

183533

5553525

27/OCT/2016

PE

8400

98814

3458475

MOST ACTIVE BANK NIFTY CALLS & PUTS EXPIRY DATE

TYPE

STRIKE PRICE

VOLUME

OPEN INTEREST

20/OCT/2016

CE

19200

74405

210360

20/OCT/2016

CE

19500

64547

379920

20/OCT/2016

CE

19300

63039

294440

20/OCT/2016

PE

18500

63565

404320

20/OCT/2016

PE

18800

51345

154200

20/OCT/2016

PE

19000

34907

127720

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ZOID RESEARCH TEAM


WEEKLY TECHNICAL REPORT 17 OCT TO 21 OCT 16 Weekly Recommendations:DATE

SYMBOL

STRATEGY

ENTRY

TARGET

STATUS

15 OCT 16

TATAMTRDVR

BUY ON DEEP

360-358

375

OPEN

8 OCT 16

HDFCBANK

SELL BELOW

1285

1233-1180

OPEN

1 OCT 16

ZEEL

BUY AROUND

540-545

565-590

(OUR ALL TARGET ACHIEVED BUT BUYING LEVEL WAS NOT EXECUTED)

3 SEP 16

AUROPHARMA

BUY ABOVE

785

825-875

BOOK AT 818

27 AUG 16

DLF

SELL BELOW

159.50

153-146

BOOK FULL AT 147.5

13 AUG 16

HINDALCO

BUY ON DEEP

145-142

152-160

(OUR ALL TARGET ACHIEVED BUT BUYING LEVEL WAS NOT EXECUTED)

6 AUG 16

BHARATFORG

BUY ON DEEP

800-795

835-875

30 JULY 16

RELCAPITAL

BUY ON DEEP

440-442

458-480

23 JULY 16

ITC

BUY ABOVE

254

265-275

BOOK AT 262

16 JULY 16

JETAIRWAYS

SELL BELOW

555

530-505

EXIT AT 580

2 JULY 16

GAIL

BUY ON DEEP

390-392

406-422

EXIT AT 370

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

1ST TARGET ACHIEVED ALL 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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