WEEKLY EQUITY TECHICAL REPORT 17-FEBRUARY-2014

EQUITY WEEKLY REPORT (17 FEBRUARY 2014)

TOP FIVE GAINERS AND LOSERS

% Change
389.65 359.7 132.65

Symbol
TATAMOTORS GAIL NTPC

LTP

Traded Qty

Value (in Lakhs)

25,708.33 1,881.63 2,971.51

Open
380.2 350.1 131.4 3,615.5 5 811.9 1,904.7 0 152 153.3 1,688.4 5 384.7

High
390 362 132.9

Low
380.2 346.75 129.65

Prev. Close
375.95 351.15 130.1

3.64 66,88,954 2.43 5,27,363 1.96 22,51,143

INFY RELIANCE

3,654.95 821.9

1.93 7,45,271 1.8 21,07,250

27,036.35 17,217.50

3,664.00 824

3,603.25 808

3,585.80 807.4

BAJAJ-AUTO BHEL AMBUJACEM

1,844.80 148.4 150.5

-3.05 4,73,215 -2.34 45,04,273 -2.3 16,07,887

8,733.61 6,663.17 2,435.31

1,904.70 152.4 154.85

1,818.00 145.55 150.1

1,902.85 151.95 154.05

ULTRACEMCO CIPLA

1,653.00 372.8

-2.1 70,557 -1.97 32,69,119

1,174.70 12,268.35

1,690.10 384.7

1,651.10 370

1,688.45 380.3

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EQUITY WEEKLY REPORT (17 FEBRUARY 2014)

NIFTY WEEKLY TECHNICAL LEVELS NIFTY FUTURE CHART

S2 5794

S1 5957

Close 6058

R1 6156

R2 6245

JUSTIFICATION Currently Nifty is taking strong support at 6023 off 33.33 % retracement level drawn from low of 5108 to6480 and Nifty will face strong resistance at 6156 .On weekly closing basis nifty showing weakness .This week nifty made high of 6128 and low of 5992 trading in the range of 135 points (Moving between two fibonacci retracement levels) and taking strong support at 41 weekly sma (5997) Breaking below 5957 on weekly closing basis would result the target price of 5800 5780 levels.For upside nifty will show strength only closing above 6156 level on weekly closing basis. Weekly nifty is trading between the channel lines (buy at Support level and sell at resistance). Nifty is facing a strong resistance at 6348 levels (high of 2008 and 2010) .We may see strong up move only closing above the resistance level (weekly closing basis / monthly closing basis) .Strong support is at 5600-5750 levels (channel line support ).On Aug 2013 nifty went below channel line but closed above channel line on weekly closing basis .Channel line would act as strong support .
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EQUITY WEEKLY REPORT (17 FEBRUARY 2014)

BANK NIFTY FUTURE CHART BANK NIFTY CHART

S2 9683

S1 9877

CLOSE 10239

R1 10462

R2 10615

JUSTIFICATION Bank Nifty breaks below the 50% retracement (10349) value drawn from 8349 to 12349 .This weekly Bank Nifty made high of 10421 and not able to close above the 50% retracement level (10349) which acts as strong resistance . Next support would be 9877 -9683 levels .In daily chart bank nifty formed head and shoulder pattern still H & S pattern is valid and also banknifty closed below 200 day sma in weekly chart it showing weakness exist in bank nifty .For Upside Bank Nifty would face strong resistance at 200 week sma (10790).

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EQUITY WEEKLY REPORT (17 FEBRUARY 2014)

STOCKS DAILY TECHNICAL LEVELS TATAMOTORS FUTURE CHART

S2 370.00

S1 360.00

CLOSE 388.80

R1 394.00

R2-405.00

SCRIPT NAME: TATAMOTORS

CMP: 388.80

ACTION BUY

STRATEGY AROUND 391

STOPLOSS 380

TGT 402-405

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EQUITY WEEKLY REPORT (17 FEBRUARY 2014)

STOCKS DAILY TECHNICAL LEVELS BHEL FUTURE CHART

S2 129.50

S1 135.00

CLOSE 147.75

R1 152.00

R2-158.00

SCRIPT NAME: BHEL

CMP: 147.75

ACTION SELL

STRATEGY AROUND 145

STOPLOSS 152

TGT 140-135

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EQUITY WEEKLY REPORT (17 FEBRUARY 2014)

Best Cash Buy Scripts SCRIP NAME DLF RELIANCE INDUSTRIES BUY PRICE ABOVE 146 ABOVE 824 STOP LOSS 142 808 TARGET 152-155 835-840

Best Sell Scrips SCRIP NAME HERO HONDA MOTORS HDFC SELL PRICE BELOW 1908 BELOW 755 STOP LOSS 1960 786 TARGET 1822-1800 740-735

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EQUITY WEEKLY REPORT (17 FEBRUARY 2014)

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