Download - EQUITY TECHNICAL REPORT 21 MAR TO 25 MAR

EQUITY TECHNICAL REPORT WEEKLY [21 MAR to 25 MAR 2016]

ZOID RESEARCH TEAM

WEEKLY TECHNICAL REPORT

21 MAR TO 25 MAR 16

www.zoidresearch.com ZOID RESEARCH TEAM

NIFTY 50 7604.35 (94.15) (1.25%)

Last Week Nifty opened with positive

note on Monday. On Tuesday nifty posted biggest drop in three weeks nifty settled below its circuital levels 7500 on the back of weak global cues. Market

managed to close with some gains on Wednesday amid a sudden bout of buying at the far end. The Nifty futures contract started the session with a gap-

up open at 7588. After encountering a key resistance 7601, the contract declined to mark an intra-day low of

7553. The nifty wiped off all its gains to end in red on Thursday. On Friday The Nifty future contract began the session on a positive note at 7536, from its

previous close at 7512. After marking an intra-day low at 7527, the contract advanced to record an intra-day high at 7578. The nifty has ended with robust

gains at 7604. The nifty rose to over 2-month high while the Nifty closed above its crucial level of 7,600. The Nifty50

opened the week at 7542.60, made a high of 7613.60, low of 7405.15 and closed the week at 7604.35. Thus the Nifty closed the week with a gain of

94.15 points. The Nifty rose 1.25 percent. Formations

The 20 days EMA are placed at

7408.75

The 5 days EMA are placed at

7532.62

Future Outlook:

The Nifty daily chart is bullish; the short

term trend hence continues to remain

positive. We advised to buy nifty future

above 7600 target 7700. If nifty close above

7600 than nifty continuation of the rally up

to 7750-7800 levels. On the downside strong

support at 7470-7330


21 MAR TO 25 MAR 16


Weekly Pivot Levels for Nifty 50 Stocks

Script Symbol Resistance2 Resistance1 Pivot Support 1 Support 2

NIFTY 50 7749 7677 7541 7469 7333

AUTOMOBILE

BAJAJ-AUTO 2369.78 2336.57 2274.78 2241.57 2179.78

BOSCHLTD 19558.03 19166.07 18458.03 18066.07 17358.03

HEROMOTOCO 2887.33 2859.17 2810.83 2782.67 2734.33

M&M 1266.12 1244.33 1214.17 1192.38 1162.22

MARUTI 3796.80 3709.10 3662.30 3574.60 3527.80

TATAMOTORS 380.75 373.40 363.35 356.00 345.95

CEMENT & CEMENT PRODUCTS

ACC 1414.10 1375.65 1301.85 1263.40 1189.60

AMBUJACEM 236.95 229.50 215.70 208.25 194.45

GRASIM 3799.05 3728.00 3633.95 3562.90 3468.85

ULTRACEMCO 3223.82 3167.23 3061.12 3004.53 2898.42

CONSTRUCTION

LT 1232.03 1215.67 1190.28 1173.92 1148.53

CONSUMER GOODS

ASIANPAINT 927.15 901.25 880.60 854.70 834.05

HINDUNILVR 875.45 861.90 846.45 832.90 817.45

ITC 333.98 329.37 322.18 317.57 310.38

ENERGY

BPCL 913.50 885.20 841.10 812.80 768.70

CAIRN 162.70 158.80 152.40 148.50 142.10

GAIL 389.02 376.68 354.47 342.13 319.92

NTPC 129.48 128.47 127.23 126.22 124.98

ONGC 221.60 218.10 211.50 208.00 201.40

POWERGRID 141.62 139.23 137.87 135.48 134.12

RELIANCE 1054.63 1040.92 1023.18 1009.47 991.73

TATAPOWER 60.37 59.43 58.72 57.78 57.07

FINANCIAL SERVICES

AXISBANK 442.77 439.43 434.27 430.93 425.77

BANKBARODA 150.03 147.07 143.73 140.77 137.43

HDFCBANK 1054.03 1041.22 1026.18 1013.37 998.33

HDFC 1212.77 1171.03 1133.27 1091.53 1053.77

ICICIBANK 246.03 238.12 228.33 220.42 210.63

INDUSINDBK 955.10 942.05 921.70 908.65 888.30

KOTAKBANK 679.50 669.15 650.60 640.25 621.70

PNB 87.47 85.88 83.42 81.83 79.37

SBIN 199.28 195.27 187.98 183.97 176.68

YESBANK 834.48 824.37 808.68 798.57 782.88


21 MAR TO 25 MAR 16


INDUSTRIAL MANUFACTURING

BHEL 121.63 117.52 110.08 105.97 98.53

IT

HCLTECH 843.58 833.87 820.68 810.97 797.78

INFY 1243.83 1218.62 1173.78 1148.57 1103.73

TCS 2511.68 2470.27 2388.58 2347.17 2265.48

TECHM 520.15 506.30 482.15 468.30 444.15

WIPRO 569.88 560.57 544.48 535.17 519.08

MEDIA & ENTERTAINMENT

ZEEL 420.28 405.47 392.88 378.07 365.48

METALS

COALINDIA 303.25 300.50 296.25 293.50 289.25

HINDALCO 90.17 87.68 83.52 81.03 76.87

VEDL 98.60 95.45 90.10 86.95 81.60

TATASTEEL 312.20 307.20 300.65 295.65 289.10

SERVICES

ADANIPORTS 256.42 249.18 235.97 228.73 215.52

PHARMA

CIPLA 556.95 542.60 529.40 515.05 501.85

DRREDDY 3342.27 3256.78 3161.52 3076.03 2980.77

LUPIN 1994.27 1774.33 1654.67 1434.73 1315.07

SUNPHARMA 908.47 862.23 830.32 784.08 752.17

TELECOM

BHARTIARTL 362.50 353.40 342.60 333.50 322.70

IDEA 106.58 104.32 101.18 98.92 95.78

Weekly Top gainers stocks

Script Symbol Previous Close Current Price % Change In Points

AMBUJACEM 200.70 222.05 10.64% 21.35 BHEL 103.70 113.40 9.35% 9.70 ACC 1226.75 1337.20 9.00% 110.45

ICICIBANK 213.85 230.20 7.65% 16.35 TECHM 458.05 492.45 7.51% 34.40

Weekly Top losers stocks

Script Symbol Previous Close Current Price % Change In Points

LUPIN 1856.15 1554.40 -16.26% -301.75 COALINDIA 318.90 297.75 -6.63% -21.15

SUNPHARMA 868.20 816.00 -6.01% -52.20 HDFC 1160.50 1129.30 -2.69% -31.20

ASIANPAINT 898.35 875.35 -2.56% -23.00


21 MAR TO 25 MAR 16


Weekly FII’S Statistics*

DATE Buy Value Sell Value Net Value

18/MAR/2016 7132.64 5420.05 1712.62

17/MAR/2016 4997.97 4253.48 744.49

16/MAR/2016 3675.19 3049.61 625.58

15/MAR/2016 3789.67 3843.68 -54.01

14/MAR/2016 5564.95 4529.32 1035.63

Weekly DII’S Statistics*

DATE Buy Value Sell Value Net Value

18/MAR/2016 1570.77 1974.14 -403.37

17/MAR/2016 1945.25 2113.63 -168.38

16/MAR/2016 1031.87 1712.03 -680.16

15/MAR/2016 1512.28 1814.59 -302.31

14/MAR/2016 1076.66 1882.00 -805.34

MOST ACTIVE NIFTY CALLS & PUTS

EXPIRY DATE TYPE STRIKE PRICE VOLUME OPEN INTEREST

23/MAR/2016 CE 7600 525588 6004575

23/MAR/2016 CE 7700 387263 7056000

23/MAR/2016 CE 7500 267199 6639525

23/MAR/2016 PE 7500 445439 6161575

23/MAR/2016 PE 7400 368288 7606275

23/MAR/2016 PE 7300 273321 6183225

MOST ACTIVE BANK NIFTY CALLS & PUTS

EXPIRY DATE TYPE STRIKE PRICE VOLUME OPEN INTEREST

23/MAR/2016 CE 16000 110685 897960

23/MAR/2016 CE 15500 59714 641160

23/MAR/2016 CE 16500 42591 382620

23/MAR/2016 PE 15000 92626 758160

23/MAR/2016 PE 15500 60451 467910

23/MAR/2016 PE 14500 33699 658740


21 MAR TO 25 MAR 16


Weekly Recommendations:

DATE SYMBOL STRATEGY ENTRY TARGET STATUS

19 MAR 16 DLF BUY ABOVE 108.5 114-120

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

21 NOV 15 BHARTIARTL BUY ON DEEP 340 352 EXIT AT 324

* 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: [email protected] Website: www.zoidresearch.com

mailto:[email protected]

http://www.zoidresearch.com/