Punter’s Call For July 06, 2015 A Sharekhan technical research newsletter A hat-trick 60-minute Nifty daily: 8484 Market on July 03, 2015: Support at 8410 Market breadth BSE NSE Advances 1,526 738 Decline 1,452 741 Unchanged 168 66 Volume (Rs) 2,363 cr 12,953 cr The Nifty closed in the positive territory for the third consecutive week claiming a hat-trick and it has also managed to surpass its crucial resistance of 8490. This has led to further confirmation that the trend has reversed from down to up as per the down theory the crucial resistance was pegged at 8490. On the weekly charts too the momentum has turned bullish which signals a further upside. The Bank Nifty has managed to close above its crucial downtrend line resistance and this could be the beginning of a trend reversal. With such a breakout, the odds of an extension increases and the next target comes to 18870 and 19100. Other technical observations On the daily chart the index is trading above the 20- day moving average (DMA) and the 40-DMA, ie 8231 and 8306 respectively. The momentum indicator is trading in positive mode on the daily chart. On the hourly chart, the Nifty is trading above the 20- hour moving average (HMA) and the 40-HMA, ie 8463 and 8416 respectively, which are crucial intra-day levels. The hourly momentum indicator has turned negative. The market breadth was positive with 738 advances and 741 declines on the National Stock Exchange. For Private Circulation only REGISTRATION DETAILS Regd office: Sharekhan Limited, 10th Floor , Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai – 400042, Maharashtra. Tel: 022 - 61150000. Sharekhan Ltd.: SEBI Regn. Nos. BSE - INB/INF011073351 ; BSE- CD ; NSE- INB/INF231073330; CD-INE231073330 ; MCX Stock Exchange - INB/INF261073333 ; CD-INE261073330 ; DP - NSDL-IN-DP-NSDL-233-2003 ; CDSL-IN-DP - CDSL-27 1-2004 ; PMS-INP0000 00662 ; Mutual Fund-ARN 20669 ; Commodity trading through Sharekhan Commodities Pvt. Ltd.: MCX-10080 ; (MCX/TCM/ CORP/0425) ; NCDEX-00132 ; (NCDEX/TC M/CORP/0142) ; NCDEX SPOT-NCDE XSPOT/116/CO/1 1/20626 ; For any complaints email at [email protected]; Disclaimer: Client should read the Risk Disclosure Document issued by SEBI & relevant exchanges and Do’s & Don’ts by MCX & NCDEX and the T & C on www .sharekhan.com before investing. 2 March 9 16 23 30 6 April 13 20 27 4 May 11 18 25 1 June 8 15 22 29 July 6 13 2 -3 -2 -1 0 1 2 KST (2.76937) 7800 7850 7900 7950 8000 8050 8100 8150 8200 8250 8300 8350 8400 8450 8500 8550 8600 8650 8700 8750 8800 8850 8900 8950 9000 9050 9100 9150 9200 11 12 13 14 15 18 19 20 21 22 25 26 27 28 29 1 2 June 3 4 5 8 9 10 11 12 15 16 17 18 19 22 23 24 25 26 29 30 1 2 July 3 4 5 -2 -1 0 1 KST (0.37822) 7850 7900 7950 8000 8050 8100 8150 8200 8250 8300 8350 8400 8450 8500 8550 8600 Head Left ShoulderRight Shoulder
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http://slidepdf.com/reader/full/eagleeye-jul0615e 5/5Eagle Eye July 06, 2015 HomeFor Private Circulation only 5
For July 06, 2015
Day Trader’s Hit List
*Note: Closing price of Nifty futures is last traded price of Nifty futures on NSE
SL=Stoploss
Scrip Name Support Levels Close Resistance Levels ActionS2 S1 (Rs) R1 R2
NIFTY Futures 8414.0 8453.0 8495.0 8529.0 8600.0 Go Long AboveR1
Bank Nifty Futures 18450.0 18575.0 18750.0 18800.0 19000.0 Go Long AboveR1
Axis Bank 576.0 581.0 586.0 588.5 596.0 Go Long AboveR1
BHEL 254.0 257.5 259.1 262.4 267.0 Go Long AboveR1
Idea 178.4 180.2 181.2 184.2 189.0 Go Long AboveR1
Hindalco 105.0 109.6 110.6 111.5 113.0 Go Short Below s1
ICICI Bank 304.0 309.0 314.6 316.0 321.0 Go Long AboveR1 / Go Short Below s1
Jai Prakash 10.1 10.8 11.1 11.6 12.0 Go Short Below s1
LNT 1768.0 1792.5 1807.3 1825.0 1890.0 Go Long AboveR1 / Go Short Below s1
Reliance Industries 990.0 1000.0 1007.2 1020.0 1059.0 Go Long AboveR1
SBI 262.0 266.8 269.4 271.3 282.0 Go Long AboveR1
Tata Motors 418.0 430.0 433.2 438.0 448.0 Go Long AboveR1 / Go Short Below s1
Tata Power 73.3 74.0 74.1 75.8 79.6 Go Long AboveR1
TISCO 287.0 299.5 301.2 308.0 317.0 Go Long AboveR1 / Go Short Below s1
TCS 2561.0 2570.0 2603.9 2610.0 2649.0 Go Long AboveR1
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