Sharekhan For March 15, 2017

Punter’s Call

Vaulting higher

Market on March 14, 2017: Support @ 9060 Nifty daily: 9,087

The Nifty witnessed a sharp move today, with the

20DMA acting as a springboard for the benchmark index.
Consequently, the multi-week consolidation ultimately
broke out on the upside with a breakaway gap in today’s
session. The Nifty crossed the all-time high of 9119 and
registered a new all-time high of 9122. Post the gap-
up opening, it moved into a consolidation mode. 9060-
9000 will act as a key support area. We have raised our
short-term target to 9230 with reversal trailed to 8890.
In terms of wave structure, the sideways activity was a
fourth wave consolidation and the Nifty has now started
the fifth leg of an impulse on the upside. The equality
60-minute
target for this leg comes to 9500, which will be the
medium-term target.

Other technical observations

On the daily chart, the Nifty is trading above the 20-

day moving average (DMA) and the 40-DEMA, ie 8893
and 8752, respectively. The momentum indicator is in a
bullish mode on the daily chart.

On the hourly chart, the Nifty is trading above the 20-

hour moving average (HMA) and the 40-HEMA, ie 8982
and 8972, respectively. The hourly momentum indicator
Market breadth
is in a bullish mode. The market breadth was positive,
BSE NSE
with 945 advances and 523 declines on the National
Todays Close 29,443 9,087
Stock Exchange.
Advances 1,704 945
Decline 1,125 523
Unchanged 216 75
Volume (Rs) 4,676 Cr 27,837 Cr

For Private Circulation only

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 Looking Trendy

Short Term Trend

Index Target Trend Reversal Support / Resistance

Nifty 9230 á 8890 8890/9230

Medium Term Trend

Index Target Trend Reversal Support / Resistance

Nifty 9500 á 8750 8750/9500

Icon guide

á
á
á á

Up Down Sideways Downswing matures Upswing matures

Nifty Day Trader

Strategy
For the intraday traders strategy will be to buy above 9123 with stoploss of 9087 for targets of 9160-9195.

Support Resistance
9000 9122

8975 9151

8900 9200

20 DSMA 40 DEMA

8893 8752

For Private Circulation only Eagle Eye Equities 2 March 15, 2017 Home
 Smart Charts

Potential%
Stop Loss ( On Buy Price/ Call Closing
Date Scrip Name Action P/L at Exit/ Target 1 Target 2
closing Basis ) Sell Price Price/ CMP
Current

14-Mar-17 Maruti March Fut Buy 5974 6102.95 6144 0.67% 6500 6750

NOTE: Kindly note that all stop losses in Smart Charts are on closing ba sis unless specified.
TPB: Trailing profit booked

CTFT ( Carry today for tomorrow )

Closing Potential
Stop Loss/
Action Date Scrip Name Action Segments Reco Price Price/ P/L at Target1 Target 2
Reversal
CMP CMP(%)
14-Mar-17 Siemens March Fut Buy Fut 1210 1237.8 1259.4 1.75% 1263 1290

TPB: Trailing profit booked

NOTE: Action taken after market hours will be highlited in blue colour.

Rules for CTFT:

1) The stop loss should be placed after 9.17am in order to avoid freak trade
2) The same will be revised in the TradeTiger terminal every day for the pop-ups

Premium Technical Synopsis

Potential
Stop loss (On Closing
Action date Scrip Name Action Segments Reco Price P/L at Target 1 Target 2
Closing Basis ) Price/ CMP
CMP(%)

3-Mar-17 THIRUSUGAR Buy Cash 57.5 63.4 67.25 6.07% 82.5 90

1-Mar-17 Jayshree Tea Buy Cash 102.5 110.8 108.9 -1.71% 129 142

17-Feb-17 Greavescot Buy Cash 138.5 150.55 159.15 5.71% 172 199

13-Feb-17 SKM Egg Product Buy Cash 68.5 77 79.75 3.57% 100 110

8-Feb-17 G M Breweries Buy Cash 460 488.9 473.7 -3.11% 574 594

*DCL # CMP ^Intra-day Tgt. = Target Rwd. = Reward

For Private Circulation only Eagle Eye Equities 3 March 15, 2017 Home
 Bank Nifty

Bank Nifty Futures Daily

Short Term Trend

Index Target Trend Reversal Support / Resistance

Bank Nifty 21600 á 20600 20600/21600

Medium Term Trend

Index Target Trend Reversal Support / Resistance

Bank Nifty 22300 á 20100 20100/22300

Icon guide

á
á
á á

Up Down Sideways Downswing matures Upswing matures

Bank Nifty Day Trader

Support Resistance
21000 21274

20876 21395

20648 21500

20 DSMA 40 DEMA

20614 20139

For Private Circulation only Eagle Eye Equities 4 March 15, 2017 Home
 Day Trader’s Hit List

For March 15, 2017

Scrip Name Support Levels Close Resistance Levels
Action
S2 S1 (Rs) R1 R2
NIFTY Futures 8916.0 9018.0 9,098.30 9158.0 9191.0 Go Long AboveR1 / Go Short Below s1
Bank Nifty Futures 20800.0 20950.0 21,132.10 21326.0 21500.0 Go Long AboveR1 / Go Short Below s1

Axis Bank 498.0 505.0 510.90 516.0 523.0 Go Long AboveR1 / Go Short Below s1

BHEL 157.0 160.0 161.35 162.4 165.0 Go Long AboveR1 / Go Short Below s1
BPCL 618.0 630.0 636.70 642.0 654.0 Go Long AboveR1 / Go Short Below s1
INFOSYS 1010.0 1025.0 1,034.80 1045.0 1060.0 Go Long AboveR1 / Go Short Below s1
ICICI Bank 280.0 284.0 287.25 290.0 295.0 Go Long AboveR1 / Go Short Below s1
LIC Housing 565.0 575.0 580.20 585.0 594.0 Go Long AboveR1 / Go Short Below s1
LNT 1525.0 1545.0 1,558.10 1570.0 1590.0 Go Long AboveR1 / Go Short Below s1
Reliance Industries 1260.0 1275.0 1,289.50 1300.0 1320.0 Go Long AboveR1 / Go Short Below s1
SBI 268.0 272.0 274.65 277.0 281.0 Go Long AboveR1 / Go Short Below s1
SunPharma 690 702 708.20 714 725 Go Long AboveR1 / Go Short Below s1
Tata Motors 459.0 465.0 469.75 473.0 480.0 Go Long AboveR1 / Go Short Below s1
Yes Bank 1500.0 1520.0 1,531.75 1545.0 1570.0 Go Long AboveR1 / Go Short Below s1
TISCO 461.0 468.0 472.55 476.0 484.0 Go Long AboveR1 / Go Short Below s1
TCS 2510.0 2545.0 2,567.50 2590.0 2625.0 Go Long AboveR1 / Go Short Below s1

*Note: Closing price of Nifty futures is last traded price of Nifty futures on NSE
SL=Stoploss

For Private Circulation only Eagle Eye Equities 5 March 15, 2017 Home
 Home
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