Punter’s Call

For August 17, 2015A Sharekhan technical research newsletter

Bulls say happy weekend

60-minute

Nifty daily: 8,518Market on August 14, 2015: Support at 8380

Market breadth

BSE NSE

Advances 1,790 1,066

Decline 1,054 423

Unchanged 99 72

Volume (Rs) 3,231 cr 17,956 cr

The Nifty recovered well on the final day of the weekand what a finish it was! The index reversed quite sharplyfrom the lower end of the range which now looks like arunning triangular pattern, which is a continuationpattern. The Bank Nifty seems to have formed a runningtriangular pattern as well which is quite matching on itsweekly charts as well. So, till the range is not broken onthe lower side now we continue to maintain our short-term bias up for the target of 8840 both in the shortterm as well as the medium term.

Other technical observations

On the daily chart, the index is trading above the 20-daymoving average (DMA) and the 40-DMA, ie 8496 and 8448respectively. The momentum indicator is trading in anegative 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 8420 and8468 respectively, which are crucial intra-day levels. Thehourly momentum indicator has turned positive. Themarket breadth was positive with 1,066 advances and423 declines on the National Stock Exchange.

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Eagle Eye August 17, 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

27997 28100 8496 853027955 28138 8468 854827907 28193 8455 8564

20DSMA 40DEMA 20DSMA 40DEMA28009 27885 8496 8448

BSE Sensex: 28,067 Nifty: 8,518

Looking Trendy

Index Target Trend Reversal Support / Resistance

Sensex 29090 Down below 27209 27209 / 29090

Nifty 8840 Down below 8321 8321 / 8840

Short Term Trend

Medium Term Trend

Index Target Trend Reversal Support / Resistance

Sensex 29090 Down Below 27209 27209 / 29090

Nifty 8840 Down Below 8321 8321 / 8840

Up Downswing maturesDown

Icon guide

Upswing matures

Eagle Eye August 17, 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)

14-Aug-15 IOB Aug Fut Buy 35.90 37.45 38.95 4.01% 40.00 42.0012-Aug-15 Infosys Aug Fut Buy 1,096.00 1,133.15 1,153.50 1.80% 1,230.00 1,283.00

Smart Charts

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

TPB: Trailing profit booked

Eagle Eye August 17, 2015 HomeFor Private Circulation only 4

Stock specific ideasShort Term Trend

Bank Nifty

Support: 18523/18190

Resistance: 18920/19100

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.

(Rs) (Rs) ratio(%)

06.08.15 IPCA Labs Buy Cash - 774.00 752.75 816.55 8.48% 820.00 885.00 - 1/6

05.08.15 Gammon Infra Buy Cash - Exit 12.50 12.85 2.80% 18.00 21.00 -

03.08.15 PNB Buy Cash - 142.00 158.40 166.25 4.96% 191.90 224.00 1/4

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

Premium Technical Synopsis

 

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-5-4-3-2-101234567KST (-1.24405)

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- CNX BANK INDE X - 1 MONTH (18,349.00, 18,840.00, 18,222.00, 18,800.00, +557.000)

Eagle Eye August 17, 2015 HomeFor Private Circulation only 5

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For August 17, 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 8315.0 8450.0 8545.0 8620.0 8840.0 Go Long AboveR1

Bank Nifty Futures 18320.0 18535.0 18798.0 19090.0 19230.0 Go Long AboveR1

Axis Bank 549.0 558.5 571.0 581.0 595.0 Go Long AboveR1

BHEL 252.0 257.0 262.0 267.0 272.0 Go Short Below S1

IDEA 155.1 158.0 161.3 164.0 167.8 Go Short Below S1

Hindalco 90.0 91.5 93.3 94.9 97.0 Go Short Below S1

ICICI Bank 290.0 296.0 302.3 309.0 314.0 Go Long AboveR1

Jai Prakash 10.0 10.1 10.3 10.5 10.7 Go Short Below S1

LNT 1725.0 1760.0 1799.7 1835.0 1870.0 Go Long AboveR1

Reliance Industries 930.0 945.0 967.0 985.0 1006.0 Go Long AboveR1

SBI 258.0 263.9 268.5 274.0 279.0 Go Long AboveR1

Tata Motors 342.0 350.0 355.4 362.0 370.0 Go Short Below S1

Tata Power 67.0 68.3 69.7 71.0 72.6 Go Short Below S1

TISCO 228.0 232.0 237.0 242.0 246.2 Go Short Below S1

TCS 2590.0 2645.0 2693.7 2750.0 2790.0 Go Long AboveR1

Jay Thakkar +91 22 6750 2165 | jay.thakkar@sharekhan.com | Gaurav Ratnaparkhi +91 22 6750 2121 | gaurav.r@sharekhan.com