JULY 11, 2016

TEHNICAL & DERIVATIVE REPORT

JULY 11, 2016

SENSEX (27126.90) /NIFTY (8323.20)

Nifty may open in RED indicating domestic market cues
Indian benchmark indices are likely to open in flat with the market
indicator SGX nifty trading -34.50 points at 8,335.00 at the time of
market closed. Asian market, and America market trading red but
Europe market trading green.

KEY VALUE
SUPPORT 1- 8300

RESISTANCE1- 8370

SUPPORT 2- 8260

RESISTANCE 2- 8400

OBSERVATION

Nifty closed at 8323.20 with a loss of (-14.70) points. On the daily chart the
index has formed Bullish candle indicating positive bias.The index is moving
in a Higher Top and Higher Bottom formation on the daily chart indicating
sustained down trend. The chart pattern suggests that if Nifty crosses and
sustains above 8370 level it would witness buying which would lead the index
towards 8400-8440 levels.However if index breaks below 8300 level it would
witness selling which would take the index towards 8260-8230 Nifty continues
to remain in an uptrend in the short to medium term, so buying on dips
continues to be our preferred strategy. The daily strength indicator RSI is
moving downwards and above its reference line indicating pnegative bias.
However momentum oscillator Stochastic has turned negative from the
overbought zone indicating a possible consolidation or a down move in the
near term The trend deciding level for the day is 8370. If NIFTY trades above
this level then we may witness a further rally up to 8400-8440 levels.
However, if NIFTY trades below 8300 levels then we may see some loss
booking initiating in the market, which may correct up to 7 level.8270-8240.
STRATEGY :NIFTY is looking Bearish on a chart for next day. One can go for buy on lower level strategy for this
index for intraday to midterm positions.

TEHNICAL & DERIVATIVE REPO

JULY 11, 2016

NIFTY BANK OUTLOOK- (18016.25)

On Friday session, the index had given a flat opening followed up with
positive momentum throughout the session. The UPTREND pattern
formed during the previous week on weekly charts has been negated as
the index has managed to cross the high on Monday, thus indicating bulls
taking control back in their favor. If the index manages to continue its
momentum, then it could rally up to 17550-17650 range which is 127%
reciprocal retracement of the previous corrective move from 16800 to
16600. Traders are hence advised to continue to trade in the direction of
the trend and follow strict risk management strategy on their trading
positions. Intraday support for Nifty Bank is placed around 16252 and
17420 whereas resistance are seen around 18150.

KEY VALUE
Support 1- 17940

Resistance1- 18140

Support 2- 17850

Resistance 2- 18200

MARKET INDICATORS

ASIA MARKET:Index

Last Traded

Change

Straits Times

2,835.61

-26.56

-0.93%

Hang Seng

20,520.99

-185.93

-0.90%

SSE Composite Index

(Shanghai)

2,988.09

-28.76

-0.95%

Nikkei 225

15,106.98

-169.26

-1.11%

AMERICA :-

Index
Dow
JONES

Last Traded

Change

17,895.88
-22.74

-0.13%

S&P500

2,097.90

-1.83

-0.09%

Nasdaq

4,876.81

+17.65

+0.36%

EUROPE :Index

CAC40

Change

Last Traded
4,119.11

+1.26

+0.03%

+0.32%

FTSE 100

6,554.86

+21.07

DAX

9,418.78

+45.52

+0.49%

BEL-20

3,254.16

-3.61

-0.11%

TOP GAINERS

BF UTILITIES LTD.

+6.68%

CADILA HEALTHCARE

+4.81%

IL&FS TRANSPORTATION

+4.79%

COROMANDEL INTERNATI

+4.74%

TUBE INVESTMENTS

+4.05%

TOP LOSERS

JAYPEE INFRATECH LTD.

-6.60%

JAIPRAKASH ASSOCIATES

-5.56%

PUNJ LIOYD

-4.19%

JAIPRAKASH POWER YEN

-3.63%

UNITECH LTD.

-3.53%

TEHNICAL & DERIVATIVE REPORT

JULY 11, 2016

TATA STEEL
Tata Steel to not exit UK, may consider sale of specialty units

KEY VALUE

Support 1- 312

Resistance1- 325

Support 2- 307

Resistance 2- 330

TEHNICAL & DERIVATIVE REPORT

JULY 11, 2016

IDEA
Telecom stocks dive up to 4% on DoT demand notice worries

KEY VALUE

Support 1- 100

Resistance1- 104

Support 2- 97

Resistance 2- 107

TEHNICAL & DERIVATIVE REPORT

JULY 11, 2016

DISCLAIMER
The information contained here was gathered from sources deemed reliable
however; no claim is made as to accuracy or content. This does not contain specific
recommendations to buy or sell at particular prices or time, nor should any
examples presented be deemed as such. There is a risk of loss in equity trading and
you should carefully consider your financial position before making a trade. This is
not, nor is it intended, to be a complete study of chart patterns or technical analysis
and should not be deemed as such. SAI PROFICIENT INVESTMENT
ADVISORS does not guarantee that such information is accurate or complete and
it should not be relied upon as such. Any opinions expressed reflect judgments at
this date and are subject to change without notice. For use at the sole discretion of
the investor without any liability on Sai Proficient Investment Advisor.

10