Equity Technical Weekly Report (2 May- 6 May)

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  • EQUITY TECHNICAL REPORT WEEKLY [2 MAY to 6 MAY 2016]

    ZOID RESEARCH TEAM

  • WEEKLY TECHNICAL REPORT

    2 MAY TO 6 MAY 16

    www.zoidresearch.com ZOID RESEARCH TEAM

    NIFTY 50 7849.80 (-49.50) (-0.63)

    The proceedings for the week began Volatility were

    witnessed there in the market on the first day of

    expiry week. The market fell down due to heavy

    selling in power, metal, and infrastructure and

    PSU stocks amid weak global cues on Monday. On

    Tuesday Stock market showcased an enthusiastic

    performance Markets, after a gap-down start,

    recovered gradually to enter into green terrain in

    noon deals. On Wednesday again saw the Nifty

    confined within a narrow breath. On Thursday

    Market fall over 1%, tracking bearish regional

    markets after the Bank of Japan unexpectedly

    chose not to expand its monetary stimulus and as

    sentiment remained subdued amid the expiry of

    April derivative contracts. The Nifty nosedived over

    1.50 % today on account of selling in frontline blue

    chip counters amid F&O expiry. We had

    recommended on last week research report (see

    our weekly report 18 APR to 23 APR) [WE

    ADVISED TO BUY NIFTY FUTURE AROUND

    7850 TARGET 8000. OUR TARGET ACHIEVED

    ON THURSDAY 21 APR 2016 NIFTY MADE HIGH

    AT 8000]. On Friday the headline indices kicked of

    May derivatives series on a tepid note tracking

    negative trend seen in Asian and European

    markets as the follow-through from Thursday's

    Bank of Japan decision weighed on the sentiment.

    In a highly volatile trade, ended flat below its

    crucial psychological level of Nifty 7850. The

    Nifty50 opened the week at 7894.80, made a high

    of 7992, low of 7788.70 and closed the week at

    7849.80. Thus the Nifty closed the week with a

    losing of -49.5 points or -0.63%

    Formations

    The 20 days EMA are placed at

    7788.79

    The 5 days EMA are placed at

    7882.67

    Future Outlook:

    On Friday session was represented by a

    Doji candle on the technical daily chart.

    We advised to if Nifty future trade above

    7855 target 8000. The Nifty future selling

    pressure below at 7750. Nifty upside

    weekly Resistance is 8000-8100 level. On

    the downside strong support at 7835-

    7770.

  • WEEKLY TECHNICAL REPORT

    2 MAY TO 6 MAY 16

    www.zoidresearch.com ZOID RESEARCH TEAM

    Weekly Pivot Levels for Nifty 50 Stocks

    Script Symbol Resistance2 Resistance1 Pivot Support 1 Support 2

    NIFTY 50 8080 7965 7877 7762 7674

    AUTOMOBILE

    BAJAJ-AUTO 2632.95 2562.45 2512.65 2442.15 2392.35

    BOSCHLTD 20724.73 20194.37 19869.63 19339.27 19014.53

    EICHERMOT 20609.53 20322.27 20086.13 19798.87 19562.73

    HEROMOTOCO 3095.80 2996.60 2924.30 2825.10 2752.80

    M&M 1428.15 1379.55 1348.40 1299.80 1268.65

    MARUTI 4047.28 3920.97 3806.43 3680.12 3565.58

    TATAMTRDVR 350.10 373.95 333.60 357.45 317.10

    TATAMOTORS 434.42 421.38 412.22 399.18 390.02

    CEMENT & CEMENT PRODUCTS

    ACC 1489.05 1466.10 1436.05 1413.10 1383.05

    AMBUJACEM 232.53 226.77 222.93 217.17 213.33

    GRASIM 4231.58 4159.17 4074.58 4002.17 3917.58

    ULTRACEMCO 3390.62 3276.03 3213.02 3098.43 3035.42

    CONSTRUCTION

    LT 1306.20 1280.40 1262.95 1237.15 1219.70

    CONSUMER GOODS

    ASIANPAINT 910.75 888.50 872.25 850.00 833.75

    HINDUNILVR 912.23 890.07 874.63 852.47 837.03

    ITC 345.98 335.47 323.98 313.47 301.98

    ENERGY

    BPCL 1013.40 995.70 977.05 959.35 940.70

    GAIL 386.52 373.43 363.62 350.53 340.72

    NTPC 147.50 143.40 139.75 135.65 132.00

    ONGC 232.32 224.78 217.87 210.33 203.42

    POWERGRID 149.13 146.27 143.38 140.52 137.63

    RELIANCE 1067.60 1025.15 1002.00 959.55 936.40

    TATAPOWER 74.37 72.43 70.37 68.43 66.37

    FINANCIAL SERVICES

    AXISBANK 498.63 485.52 471.78 458.67 444.93

    BANKBARODA 168.53 163.22 158.03 152.72 147.53

    HDFCBANK 1170.05 1151.20 1117.85 1099.00 1065.65

    HDFC 1155.82 1122.13 1098.17 1064.48 1040.52

    ICICIBANK 265.25 251.10 241.20 227.05 217.15

    INDUSINDBK 1104.85 1076.85 1025.50 997.50 946.15

    KOTAKBANK 751.38 734.27 702.68 685.57 653.98

    SBIN 208.77 198.88 192.67 182.78 176.57

    YESBANK 1003.48 973.22 922.18 891.92 840.88

  • WEEKLY TECHNICAL REPORT

    2 MAY TO 6 MAY 16

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    INDUSTRIAL MANUFACTURING

    BHEL 134.77 130.08 126.62 121.93 118.47

    IT

    HCLTECH 893.15 821.70 784.45 713.00 675.75

    INFY 1258.43 1233.27 1217.18 1192.02 1175.93

    TCS 2632.97 2584.23 2493.27 2444.53 2353.57

    TECHM 503.58 494.87 480.28 471.57 456.98

    WIPRO 571.22 562.78 555.57 547.13 539.92

    MEDIA & ENTERTAINMENT

    ZEEL 430.27 422.58 409.12 401.43 387.97

    METALS

    COALINDIA 298.75 293.85 288.75 283.85 278.75

    HINDALCO 107.78 102.07 97.73 92.02 87.68

    TATASTEEL 371.77 361.43 352.07 341.73 332.37

    SERVICES

    ADANIPORTS 250.73 244.47 235.73 229.47 220.73

    PHARMA

    AUROPHARMA 797.85 778.90 767.15 748.20 736.45

    CIPLA 555.73 546.37 534.93 525.57 514.13

    DRREDDY 3210.10 3149.40 3108.20 3047.50 3006.30

    LUPIN 1675.22 1641.23 1583.87 1549.88 1492.52

    SUNPHARMA 833.97 822.63 809.82 798.48 785.67

    TELECOM

    BHARTIARTL 398.33 380.97 367.63 350.27 336.93

    INFRATEL 391.85 383.40 372.45 364.00 353.05

    IDEA 133.78 126.17 120.73 113.12 107.68

    Weekly Top gainers stocks

    Script Symbol Previous Close Current Price % Change In Points

    YESBANK 875.75 942.00 7.56% 66.25 INDUSINDBK 981.50 1049.30 6.91% 67.80 KOTAKBANK 676.10 716.85 6.03% 40.75

    TCS 2417.05 2539.25 5.06% 122.20 HDFCBANK 1092.15 1130.15 3.48% 38.00

    Weekly Top losers stocks

    Script Symbol Previous Close Current Price % Change In Points

    HCLTECH 845.15 751.55 -11.07% -93.60 ICICIBANK 252.00 237.50 -5.75% -14.50

    SBIN 200.15 189.20 -5.47% -10.95 RELIANCE 1038.95 982.70 -5.41% -56.25 HINDALCO 101.10 96.30 -4.75% -4.80

  • WEEKLY TECHNICAL REPORT

    2 MAY TO 6 MAY 16

    www.zoidresearch.com ZOID RESEARCH TEAM

    Weekly FIIS Statistics*

    DATE Buy Value Sell Value Net Value

    29/APR/2016 4399.71 4605.01 -205.30

    28/APR/2016 9061.04 8940.41 120.63

    27/APR/2016 4412.63 4001.63 411.00

    26/APR/2016 4855.69 4343.47 512.22

    25/APR/2016 5698.59 5476.25 222.34

    Weekly DIIS Statistics*

    DATE Buy Value Sell Value Net Value

    29/APR/2016 1649.24 1621.11 28.13

    28/APR/2016 2245.92 2662.13 -416.21

    27/APR/2016 1656.53 1951.60 -295.07

    26/APR/2016 1488.41 1467.20 21.21

    25/APR/2016 1075.18 1823.13 -747.95

    MOST ACTIVE NIFTY CALLS & PUTS

    EXPIRY DATE TYPE STRIKE PRICE VOLUME OPEN INTEREST

    26/MAY/2016 CE 8000 251417 3687600

    26/MAY/2016 CE 8100 181717 3557550

    26/MAY/2016 CE 7900 178737 2652675

    26/MAY/2016 PE 7800 244531 3667650

    26/MAY/2016 PE 7700 191187 4234725

    26/MAY/2016 PE 7600 136620 2483700

    MOST ACTIVE BANK NIFTY CALLS & PUTS

    EXPIRY DATE TYPE STRIKE PRICE VOLUME OPEN INTEREST

    26/MAY/2016 CE 17500 46493 362820

    26/MAY/2016 CE 17000 42904 320490

    26/MAY/2016 CE 18000 30790 218310

    26/MAY/2016 PE 16500 47339 246630

    26/MAY/2016 PE 16000 34779 309600

    26/MAY/2016 PE 15500 22712 150930

  • WEEKLY TECHNICAL REPORT

    2 MAY TO 6 MAY 16

    www.zoidresearch.com ZOID RESEARCH TEAM

    Weekly Recommendations:

    DATE SYMBOL STRATEGY ENTRY TARGET STATUS

    30 APR 16 GLENMARK BUY ON DEEP 828-825 862-900 OPEN

    22 APR 16 PFC BUY ON DEEP 175-173 182-190 1ST TARGET ACHIEVED

    14 APR 16 RCOM BUY ON DEEP 52.75-52.50 55-58 2ND TARGET

    AT 57.85

    9 APR 16 AJANTPHARM BUY ON DEEP 1460 1520-1580 BP AT 1500

    2 APR 16 TATAMOTORS BUY ON DEEP 378-380 395-412 1ST TARGET ACHIEVED

    26 MAR 16 BATAINDIA BUY ON DEEP 500-498 520-550 1ST TARGET ACHIEVED

    19 MAR 16 DLF BUY ABOVE 108.5 114-120 ALL TARGET ACHIEVED

    12 MAR 16 TATAMOTORS BUY ON DEEP 348-350 365-380 ALL TARGET ACHIEVED

    5 MAR 16 SBIN BUY ON DEEP 180-178 187-199 1ST TARGET ACHIEVED

    27 FEB 16 CROMPGREAV BUY ABOVE 130 136-145 ALL TARGET ACHIEVED

    20 FEB 16 ADANIPORT BUY ON DEEP 210-208 219-222 ALL TARGET ACHIEVED

    13 FEB 16 APOLLOTYRE BUY ON DEEP 148-146 155-165 1ST TARGET ACHIEVED

    30 JAN 16 IRB BUY ON DEEP 240-238 250 1ST TARGET ACHIEVED

    23 JAN 16 CENTURYTEX BUY ON DEEP 520-517 545-570 EXIT AT 500

    * FII & DII trading activity on NSE, BSE, and MCXSX 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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