Punter’s Call

For August 10, 2015A Sharekhan technical research newsletter

Bulls conquer the week again

60-minute

Nifty daily: 8564Market on August 07, 2015: Support at 8525

Market breadth

BSE NSE

Advances 1,477 661

Decline 1,582 830

Unchanged 143 59

Volume (Rs) 3,429 cr 17,473 cr

The Nifty closed in the negative territory in today’strading session, however, it closed in the positive territoryfor the week which is a positive sign for the bulls. Onthe hourly as well as the daily charts the higher tops andhigher bottoms are still holding. Hence, the uptrendremains intact. The Bank Nifty has taken support on itshourly averages and seems to have completed a regularflat pattern, so if the 18758 level doesn’t break thenupside is quite likely. It just needs to take off the swinghigh of 19230 in order to gain further momentum. Withthe momentum indicators in a buy mode we continue tomaintain our short-term and medium-term bias up.

Other technical observations

On the daily chart the index is trading above the 20-daymoving average (DMA) and the 40-DMA, ie 8517 and 8448respectively. The momentum indicator is trading in apositive 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 8578 and8549 respectively, which are crucial intra-day levels. Thehourly momentum indicator has turned negative. Themarket breadth was negative with 661 advances and 830declines on the National Stock Exchange.

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22 29 52015

12 19 27 2 9February

16 23 2 9March

16 23 30April

13 20 27 4May

11 18 25 1June

8 15 22 29 6July

13 20 27 3 10August

17-4-3-2-10123456KST (0.62074)

78007850790079508000805081008150820082508300835084008450850085508600865087008750880088508900895090009050910091509200

 

13 14 15 16 17 20 21 22 23 24 27 28 29 30 31 3August

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-1.5

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KST (0.06564)

8250

8300

8350

8400

8450

8500

8550

8600

8650

8700

Eagle Eye August 10, 2015 HomeFor Private Circulation only 2

Sensex Nifty

Support Resistance Support Resistance

18800 19300 5700 5847

18693 19700 5616 5993

18182 20062 5514 6078

20DSMA 40DEMA 20DSMA 40DEMA

20390 19941 6096 5958

BSE Sensex: 19013 Nifty: 5705

Trendy Levels for Tomorrow

Sensex Nifty

Support Resistance Support Resistance

28100 28384 8545 860727900 28528 8517 866027772 28657 8448 8699

20DSMA 40DEMA 20DSMA 40DEMA28100 27900 8517 8448

BSE Sensex: 28,236 Nifty: 8,564

Looking Trendy

Index Target Trend Reversal Support / Resistance

Sensex 29090 Down Below 27400 27400 / 29090

Nifty 8840 Down Below 8315 8315 / 8840

Short Term Trend

Medium Term Trend

Index Target Trend Reversal Support / Resistance

Sensex 29090 Down Below 27400 27400 / 29090

Nifty 8840 Down Below 8315 8315 / 8840

Up Downswing maturesDown

Icon guide

Upswing matures

Eagle Eye August 10, 2015 HomeFor Private Circulation only 3

Date Recommendation Action Stop Loss/ Stop Loss/ Buy/Sell Closing Potential % Target1 Target 2Reversal Reversal Price Price P/L at CMP

(Intra-day) DCL (CMP)

5-Aug-15 TCS Aug Fut Buy - 2,460.00 2,548.70 2,563.50 0.58% 2,730.00 2,800.0031-Jul-15 UPL Aug Fut Buy - 522.00 549.15 546.50 -0.48% 611.00 684.00

Smart Charts

NOTE: Kindly note that all stop losses in Smart Charts Calls are on closing basis unless specified.

TPB: Trailing profit booked

NOTE: Kindly note that all stop losses in Momentum Calls are on an intra-day basis.TPB: Trailing profit bookedNOTE: Action taken after market hours will be highlited in blue colour.Rules for momentum calls:1) The stop loss should be placed after 9.17am in order to avoid freak trade2) The same will be revised in the TradeTiger terminal every day for the pop-ups

Momentum Swing

For the short term—1 to 5 daysFor the short term—1 to 5 days

Action Stock Action Stop loss Price Closing Potential % Target1 Target2Date price P/L at CMP

7-Aug-15 PFC Aug Fut Buy 246.50 250.45 251.00 0.22% 256.00 262.00

6-Aug-15 Tata Motors Aug Fut Buy Book Profit 381.60 389.10 1.97% 389.50 397.00

6-Aug-15 Ambuja Cements Aug Fut Buy 228.00 233.45 229.40 -1.73% 241.00 247.00

6-Aug-15 M & M Fin Aug Fut Buy 252.50 260.25 257.60 -1.02% 269.00 275.00

6-Aug-15 STAR Aug Fut Buy Book Profit 1,306.35 1,347.50 3.15% 1,375.00 1,410.00

5-Aug-15 Nifty Aug Fut Buy 8,525.00 8,606.95 8,598.90 -0.09% 8,720.00 8,760.00

TPB: Trailing profit booked

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

Rules for momentum calls:

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

Momentum Cash Ideas

For the short term—1 to 10 days

Action Stock Action Stop loss Price Closing Potential % Target1 Target2Date price P/L at CMP

6-Aug-15 Dena Bank Buy 44.30 45.40 44.85 -1.21% 46.70 48.00

Eagle Eye August 10, 2015 HomeFor Private Circulation only 4

Stock specific ideasShort Term Trend

Bank Nifty

Support: 18830/18758

Resistance: 19104/19230

Action Calls Action Segments Stop loss/ Stop loss* Reco Closing Potential # Tgt.1 Tgt.2 Risk/date Reversal^ (Rs) price price P/L (%) (Rs) (Rs) Rwd. ratio

(Rs) (Rs) (%)

06.08.15 IPCA Labs Buy Cash - 713.00 752.75 787.65 4.64% 820.00 885.00 1/3

05.08.15 Gammon Infra Buy Cash - 11.40 12.50 13.00 4.00% 18.00 21.00 1/8

03.08.15 PNB Buy Cash - 142.00 158.40 159.90 0.95% 191.90 224.00 1/4

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

Premium Technical Synopsis

 

3 30 6A pril

13 20 27 4M ay

11 18 25 1June

8 15 22 29July

6 13 20 27 3August

10 17 2

-5-4

-3

-2

-1

01

2

3

4KST (1.12199)

17000

17500

18000

18500

19000

19500

20000

20500- CNX BANK INDE X - 1 MONT H (19,053.00, 19,079.00, 18,920.10, 18,997.00, -101.949)

Eagle Eye August 10, 2015 HomeFor Private Circulation only 5

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For August 10, 2015

Day Trader’s Hit List

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

Scrip Name Support Levels Close Resistance Levels ActionS2 S1 (Rs) R1 R2

NIFTY Futures 8426.9 8512.0 8598.0 8684.0 8770.8 Go long with stop loss below S1

Bank Nifty Futures 18619.0 18807.0 18997.0 19187.0 19378.8 Go long with stop loss below S1

Axis Bank 557.0 568.4 580.0 591.6 603.4 Go long with stop loss below S1

BHEL 255.5 260.7 266.0 271.3 276.7 Go long with stop loss below S1

IDEA 160.4 163.7 167.0 170.3 173.7 Go long with stop loss below S1

Hindalco 105.6 107.8 110.0 112.2 114.4 Go long with stop loss below S1

ICICI Bank 297.7 303.8 310.0 316.2 322.5 Go long with stop loss below S1

Jai Prakash 11.4 11.7 11.9 12.1 12.4 Go long with stop loss below S1

LNT 1761.4 1797.3 1834.0 1870.7 1908.1 Go long with stop loss below S1

Reliance Industries 945.0 964.3 984.0 1003.7 1023.8 Go long with stop loss below S1

SBI 269.9 275.4 281.0 286.6 292.4 Go long with stop loss below S1

Tata Motors 377.4 385.1 393.0 400.9 408.9 Go long with stop loss below S1

Tata Power 66.3 67.6 69.0 70.4 71.8 Go long with stop loss below S1

TISCO 251.6 256.8 262.0 267.2 272.6 Go long with stop loss below S1

TCS 2450.9 2501.0 2552.0 2603.0 2655.1 Go long with stop loss below S1