For July 06, 2015

A Sharekhan technical research newsletter

Punters Call

A hat-trick
Market on July 03, 2015: Support at 8410

Nifty daily: 8484

9200
9150

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

9100
9050
9000
8950
8900
8850
8800
8750
8700
8650
8600
8550
8500
8450
8400
8350
8300
8250
8200
8150
8100
8050
8000
7950
7900
7850
7800
KST (2.76937)

2
9
March

16

23

30

6
April

13

20

27

4
May

11

2
1
0
-1
-2
-3
18

25

1
June

15

22

29

13

July

60-minute
8600
8550

On the daily chart the index is trading above the 20day moving average (DMA) and the 40-DMA, ie 8231
and 8306 respectively. The momentum indicator is
trading in positive mode on the daily chart.

8500
8450
8400
8350
8300
8250
Left Shoulder

On the hourly chart, the Nifty is trading above the 20hour 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.

8200
Right Shoulder

8150
8100
8050
8000
7950
7900

Head

7850
KST (0.37822)
1
0
-1
-2
11 12 13 14 15 18 19 20 21 22 25 26 27 28 29 1
2
June

10 11 12 15 16 17 18 19 22 23 24 25 26 29 30 1 2
July

Market breadth
BSE

NSE

Advances

1,526

738

Decline

1,452

741

168

66

2,363 cr

12,953 cr

Unchanged
Volume (Rs)

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Looking Trendy

Short Term Trend

Index

Target

Sensex

28470

Trend

8580

u
u

Index

Target

Trend

Sensex

28600

Nifty

Reversal

Support / Resistance

Down below 27575

27575 / 28470

Down below 8306

8306 / 8580

Medium Term Trend

Nifty

u
u

8660

Up

Reversal

Support / Resistance

Down below 27200

27200 / 28600

Down below 8195

8195 / 8660

Icon guide
Down

Upswing matures

Downswing matures

Trendy Levels for Tomorrow

Sensex
Support

Nifty
Resistance

27900
28100
18800
19300
27760
28400
18693
19700
27570
28539
18182
20062
20DSMA
40DEMA
20DSMA
40DEMA
27281
27495
20390
19941
BSE Sensex: 28,092
BSE Sensex: 19013

For Private Circulation only

Eagle Eye

Support

Resistance

8424
5700
8370
5616
8306
5514
20DSMA
20DSMA
8231
6096

8505
5847
8580
5993
8620
6078
40DEMA
40DEMA
8306
5958

July 06, 2015

Nifty: 8,484
Nifty: 5705

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Smart Charts
Date

Recommendation

2-Jul-15
1-Jul-15
1-Jul-15

SIEMENS July Fut

JSW STEEL July Fut
ABIRLANUVO July Fut

Action

Stop Loss/
Reversal
(Intra-day)

Buy
Buy
Buy

Stop Loss/
Reversal
DCL
1,364.00
849.00
1,756.00

Buy/Sell
Price
1,414.00
884.20
1,829.00

Closing Potential %
Price P/L at CMP
(CMP)
1,428.95
859.90
1,881.05

1.06%
-2.75%
2.85%

Target1 Target 2

1,499.00
938.00
1,921.00

1,540.00
990.00
2,030.00

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

Momentum Swing
For the short term1 to 5 days
Action
Date

Stock

Action

Stop loss

Price

Closing
price

Potential %
P/L at CMP

Target1

Target2

3-Jul-15

Kotak Bank July Fut

Buy

Stopped Out

1,446.85

1,409.65

-2.57%

1,495.00

1,520.00

3-Jul-15

HDFC LTD July Fut

Buy

1,270.00

1,287.70

1,308.40

1.61%

1,313.00

1,340.00

1-Jul-15

Yes Bank July Fut

Buy

Exit

864.90

865.75

0.10%

896.00

906.00

1-Jul-15

M & M July Fut

Buy

Book Profit

1,293.00

1,308.00

1.16%

1,335.00

1,360.00

1-Jul-15

Nifty July Fut

Buy

8,304.00

8,433.75

8,495.00

0.73%

8,561.00

8,709.00

NOTE: Kindly note that all stop losses in Momentum Calls are on an intra-day basis.
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

For Private Circulation only

Eagle Eye

July 06, 2015

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Short specific
Term Trend
Stock
ideas
Bank Nifty

- CNX BANK INDEX - 1 MONTH (18,540.00, 18,750.00, 18,518.00, 18,745.00, +178.699)

20500

20000

Support: 18570/18491

19500

Resistance: 18870/19110

19000

18500

18000

17500

17000

KST (3.57786)
3
2
1
0
-1
-2
-3
-4
-5
30

6
April

13

20

27

4
May

11

18

25

1
June

15

22

29

13

July

Premium Technical Synopsis

Action
date

Calls

Action Segments

Stop loss/
Reversal^

Stop loss*
(Rs)

Reco
price
(Rs)

Closing
price
(Rs)

Potential #
P/L (%)

Tgt.1
(Rs)

Tgt.2
(Rs)

Risk/
Rwd.
ratio (%)

02.07.15

Tata Sponge

Buy

Cash

536.00

563.65

562.60

-0.19%

600.00

617.00

1/2

30.06.15

Heritage Foods

Buy

Cash

355.00

373.30

370.65

-0.71%

402.00

423.00

3/8

17.06.15

KEC Intl

Buy

Cash

119.00

130.00

137.60

5.85%

156.00

171.00

1/4

29.05.15

Cummins Ind

Buy

Cash

852.00

900.90

925.10

2.69%

989.00 1,045.00

1/3

*DCL

# CMP

^Intra-day

For Private Circulation only

Tgt. = Target

Rwd. = Reward

Eagle Eye

July 06, 2015

Home

Day Traders Hit List

For July 06, 2015
Scrip Name
NIFTY Futures

Support Levels
S2
S1

Close
(Rs)

Resistance Levels
R1
R2

Action

8414.0

8453.0

8495.0

8529.0

8600.0

Go Long AboveR1

Bank Nifty Futures 18450.0

Go Long AboveR1

18575.0

18750.0

18800.0

19000.0

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

10.1

10.8

11.1

11.6

12.0

1768.0

1792.5

1807.3

1825.0

1890.0

Go Long AboveR1 / Go Short Below s1

990.0

1000.0

1007.2

1020.0

1059.0

Go Long AboveR1

Jai Prakash
LNT
Reliance Industries

Go Long AboveR1 / Go Short Below s1

Go Short Below s1

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
TISCO
TCS

73.3

74.0

74.1

75.8

79.6

287.0

299.5

301.2

308.0

317.0

2561.0

2570.0

2603.9

2610.0

2649.0

Go Long AboveR1
Go Long AboveR1 / Go Short Below s1
Go Long AboveR1

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

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July 06, 2015
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