Equity Technical Weekly Report

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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

Transcript of Equity Technical Weekly Report

  • EQUITY TECHNICAL REPORT WEEKLY [28 MAR to 1 APR 2016]

    ZOID RESEARCH TEAM

  • WEEKLY TECHNICAL REPORT

    28 MAR TO 1 APR 16

    www.zoidresearch.com ZOID RESEARCH TEAM

    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 7700-

    7750. 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

    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

  • WEEKLY TECHNICAL REPORT

    28 MAR TO 1 APR 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 7798 7757 7688 7647 7577

    AUTOMOBILE

    BAJAJ-AUTO 2411.20 2383.80 2336.60 2309.20 2262.00

    BOSCHLTD 21641.23 20929.37 19831.73 19119.87 18022.23

    HEROMOTOCO 3008.53 2939.97 2846.13 2777.57 2683.73

    M&M 1286.92 1268.13 1247.07 1228.28 1207.22

    MARUTI 3834.00 3785.00 3695.00 3646.00 3556.00

    TATAMOTORS 390.50 383.75 374.75 368.00 359.00

    CEMENT & CEMENT PRODUCTS

    ACC 1432.22 1402.43 1370.22 1340.43 1308.22

    AMBUJACEM 240.35 234.30 227.90 221.85 215.45

    GRASIM 3936.27 3858.63 3749.37 3671.73 3562.47

    ULTRACEMCO 3345.45 3271.95 3191.50 3118.00 3037.55

    CONSTRUCTION

    LT 1233.32 1237.93 1234.92 1239.53 1236.52

    CONSUMER GOODS

    ASIANPAINT 885.97 867.98 857.02 839.03 828.07

    HINDUNILVR 903.80 888.70 867.90 852.80 832.00

    ITC 342.88 333.72 327.03 317.87 311.18

    ENERGY

    BPCL 899.67 884.08 872.22 856.63 844.77

    CAIRN 163.27 160.83 157.17 154.73 151.07

    GAIL 373.53 364.82 359.78 351.07 346.03

    NTPC 129.85 128.60 127.45 126.20 125.05

    ONGC 222.47 218.53 215.22 211.28 207.97

    POWERGRID 140.92 139.18 137.72 135.98 134.52

    RELIANCE 1064.47 1046.83 1034.62 1016.98 1004.77

    TATAPOWER 66.48 64.57 61.48 59.57 56.48

    FINANCIAL SERVICES

    AXISBANK 453.10 445.30 439.80 432.00 426.50

    BANKBARODA 149.83 146.92 144.88 141.97 139.93

    HDFCBANK 1070.42 1059.88 1046.07 1035.53 1021.72

    HDFC 1200.88 1181.82 1154.93 1135.87 1108.98

    ICICIBANK 238.47 236.33 233.47 231.33 228.47

    INDUSINDBK 943.55 935.80 929.25 921.50 914.95

    KOTAKBANK 685.98 672.97 662.78 649.77 639.58

    PNB 88.77 86.73 85.47 83.43 82.17

    SBIN 201.20 198.90 195.95 193.65 190.70

    YESBANK 877.05 863.15 837.95 824.05 798.85

  • WEEKLY TECHNICAL REPORT

    28 MAR TO 1 APR 16

    www.zoidresearch.com ZOID RESEARCH TEAM

    INDUSTRIAL MANUFACTURING

    BHEL 121.97 119.33 115.17 112.53 108.37

    IT

    HCLTECH 838.30 828.00 820.70 810.40 803.10

    INFY 1235.53 1221.67 1196.83 1182.97 1158.13

    TCS 2528.47 2501.13 2460.57 2433.23 2392.67

    TECHM 500.53 490.22 482.43 472.12 464.33

    WIPRO 573.92 564.83 553.32 544.23 532.72

    MEDIA & ENTERTAINMENT

    ZEEL 399.93 394.22 389.73 384.02 379.53

    METALS

    COALINDIA 303.23 300.62 297.08 294.47 290.93

    HINDALCO 96.50 93.90 89.10 86.50 81.70

    VEDL 101.58 99.22 95.83 93.47 90.08

    TATASTEEL 329.17 323.18 311.92 305.93 294.67

    SERVICES

    ADANIPORTS 248.43 243.37 239.93 234.87 231.43

    PHARMA

    CIPLA 545.90 539.35 532.45 525.90 519.00

    DRREDDY 3157.37 3102.63 3071.82 3017.08 2986.27

    LUPIN 1603.38 1563.77 1532.38 1492.77 1461.38

    SUNPHARMA 873.63 860.07 838.43 824.87 803.23

    TELECOM

    BHARTIARTL 372.47 365.33 354.27 347.13 336.07

    IDEA 109.32 107.13 104.32 102.13 99.32

    Weekly Top gainers stocks

    Script Symbol Previous Close Current Price % Change In Points

    BOSCHLTD 18774.10 20217.50 7.69% 1443.40 HINDALCO 85.20 91.30 7.16% 6.10

    TATAPOWER 58.50 62.65 7.09% 4.15 TATASTEEL 302.20 317.20 4.96% 15.00

    VEDL 92.30 96.85 4.93% 4.55

    Weekly Top losers stocks

    Script Symbol Previous Close Current Price % Change In Points

    DRREDDY 3171.30 3047.90 -3.89% -123.40 ASIANPAINT 875.35 850.00 -2.90% -25.35

    TECHM 492.45 479.90 -2.55% -12.55 GAIL 364.35 356.10 -2.26% -8.25

    LUPIN 1554.40 1524.15 -1.95% -30.25

  • WEEKLY TECHNICAL REPORT

    28 MAR TO 1 APR 16

    www.zoidresearch.com ZOID RESEARCH TEAM

    Weekly FIIS 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

    Weekly DIIS Statistics*

    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

    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

  • WEEKLY TECHNICAL REPORT

    28 MAR TO 1 APR 16

    www.zoidresearch.com ZOID RESEARCH TEAM

    Weekly Recommendations:

    DATE SYMBOL STRATEGY ENTRY TARGET STATUS

    26 MAR 16 BATAINDIA BUY ON DEEP 500-498 520-550 OPEN

    19 MAR 16 DLF BUY ABOVE 108.5 114-120 1ST TARGET ACHIEVED

    12 MAR 16 TATAMOTORS BUY ON DEEP 348-350 365-380 1ST 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

    16 JAN 16 ASIANPAINT BUY ON DEEP 880-875 915-955 BP AT 907

    9 JAN 16 DLF SELL BELOW 107 102 TARGET

    ACHIEVED

    26 DEC 15 VEDL BUY ON DEEP 92 95.50 TARGET

    ACHIEVED

    19 DEC 15 CROMPGREAV BUY ON DEEP 188-187 194-202 ALL TARGET ACHIEVED

    28 NOV 15 ZEEL BUY ON DEEP 410 425-444 1ST TARGET ACHIEVED

    * 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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