Equity Report

January 30, 2018

Index
Punter’s Call
Looking Trendy
Nifty Day Trader
Smart Charts
Momentum Swing
Premium Technical Synopsis
Premium Technical View
Bank Nifty
Bank Nifty Day Trader
Day Trader’s Hit List

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SaiProficient Equity Report

Punter’s Call
Stretching further

January 29, 2018 Nifty daily: 11,130.40

The Nifty, after six consecutive positive sessions had

taken a pit stop in the last session. Today, however,
bulls resumed the action, pushing the index further
up. Thus, the index continues to form a ‘higher top
higher bottom’ pattern on the daily chart, which is a
bullish sign as per the Dow Theory. In terms of wave
structure, the index is forming an extension on the
upside, which can take Nifty towards the short-term
target of 11300. On the other hand, swing low of
11009 and the psychological 11000 mark shall act as a
crucial support zone in the short term.
60-minute

Other technical observations

On the daily chart, the Nifty is above the 20-day

moving average (DMA) and the 40-DEMA, i.e. 10744
and 10627 respectively. The momentum indicator is
bullish on the daily chart.

On the hourly chart, the Nifty is above the 20-hour

moving average (HMA) and the 40-HEMA, i.e. 11095
and 11027, respectively. The hourly momentum
indicator is bearish mode. Market breadth was
negative with 427 advances and 1088 declines on the
National Stock Exchange (NSE). Market breadth
BSE NSE
Todays Close 36,283.25 11,130.40
Advances 967 427
Decline 1879 1088
Unchanged 185 28
Volume (Rs.) 5,404.00 cr 35,503.00 cr

January 30, 2018 2

SaiProficient Equity Report

Looking Trendy
Short Term Trend Medium Term Trend
Support / Support /
Index Target Trend Reversal Index Target Trend Reversal
Resistance Resistance

Nifty 11300  10666 10666/11300 Nifty 11890  10350 10350/11890


 Up


Down Sideways Downswing matures Upswing matures

Nifty Day Trader

Support Resistance
11071 11200
11000 11300
10881 11377
20 DSMA 40 DEMA
10744 10627

Smart Charts
Stop Loss Buy Call Potential%
Date Scrip Name Action (On closing Price/ Closing P/L at Exit/ Target 1 Target 2
Basis ) Sell Price/ CMP Current
Price
25-Jan-18 Tata Power Feb Fut Sell 94 91.1 90.2 0.99% 83.5 80
25-Jan-18 Amaraja Bat Feb Fut Buy Stopped Out 857.75 810.85 -5.47% 915 950
19-Jan-18 Cholafin Feb Fut Sell 1366 1313.05 1318.75 -0.43% 1200 1160
NOTE: Kindly note that all stop losses in Smart Charts are on closing basis unless specified.
TPB: Trailing profit booked

Momentum Swing
Poten-
Call
Action Stop Loss/ Buy Price/ tial% P/L
Scrip Name Action Closing Target 1 Target 2
Date Reversal Sell Price at Exit/
Price/CMP
Current
25-Jan-18 Reliance Ind. Feb Fut Buy 960 973.2 969.25 -0.41% 993 1000
25-Jan-18 ITC Feb Fut Buy Stopped Out 282.65 280 -0.94% 290 293
NOTE: Kindly note that all stop losses in Momentum swing are on an intra-day basis.
TPB: Trailing profit booked
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

January 30, 2018 3

SaiProficient Equity Report

Premium Technical Synopsis

Stop loss Closing Potential
Reco
Action date Scrip Name Action Segments (On Closing Price/ P/L at Target 1 Target 2
Price
Basis ) CMP CMP(%)

3-Nov-17 Sundaram Finance Buy Cash 1764 1876.9 1863.85 -0.70% 2139 2225

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

Premium Technical View

Stop loss Closing Potential
Reco
Action date Scrip Name Action Segments (On Closing Price/ P/L at Target 1 Target 2
Price
Basis ) CMP CMP(%)

8-Jan-18 HSCL Buy Cash 151 179 184.55 3.10% 220 277

Sudarshan
4-Jan-18 Buy Cash 372 437.5 465.1 6.31% 572 631
Chemical

4-Jan-18 Praj Ind Buy Cash 107 118.25 110.7 -6.38% 152 -

4-Jan-18 Centum Electronic Buy Cash 637 772.25 661.4 -14.35% 1154 1252

3-Jan-18 Tata Chemicals Buy Cash 713 764.8 720.55 -5.79% 932 -

3-Jan-18 Kopran Ltd Buy Cash 66.8 71.65 75.45 5.30% 86 89

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

January 30, 2018 4

SaiProficient Equity Report

Bank Nifty
Short Term Trend Medium Term Trend
Support / Support /
Index Target Trend Reversal Index Target Trend Reversal
Resistance Resistance

Bank Nifty 28000  26000 26000/28000 Bank Nifty 29280  25300 25300/29280

Icon guide


 Up


Down Sideways Downswing matures Upswing matures

Bank Nifty Daily

Bank Nifty Day Trader
Support Resistance

27200 27648

27066 27939

26841 28006

20 DSMA 40 DEMA

26199 26018

January 30, 2018 5

SaiProficient Equity Report

Day Trader’s Hit List

For January 30, 2018
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
NIFTY Futures 11032.5 11102.0 11,138.20 11185.6 11220.0 Go Long AboveR1 / Go Short Below s1

Bank Nifty Futures 27200.0 27384.0 27,497.00 27640.0 27800.0 Go Long AboveR1 / Go Short Below s1

Axis Bank 588.0 598.0 605.55 613.0 622.0 Go Long AboveR1 / Go Short Below s1

BHEL 99.5 100.8 101.90 103.0 104.5 Sell on rise to R1

BPCL 458.0 465.3 469.80 475.0 482.0 Go Long AboveR1 / Go Short Below s1

INFOSYS 1145.0 1169.0 1,182.90 1196.3 1221.0 Go Long AboveR1 / Go Short Below s1

ICICI Bank 349.0 353.8 357.65 362.0 367.0 Buy on dips near S2

LIC Housing 536.2 542.2 547.80 554.0 560.0 Go Short Below S1

LNT 1400.0 1420.0 1,431.95 1445.0 1465.0 Go Long AboveR1

Reliance Industries 940.0 956.0 964.50 974.0 991.0 Go Long AboveR1

SBI 304.0 309.0 312.10 315.0 320.0 Go Long AboveR1 / Go Short Below s1

SunPharma 572 582 587.95 594 603 Go Long AboveR1 / Go Short Below s1

Tata Motors 388.0 395.0 399.25 403.5 410.0 Go Short Below S1

Yes Bank 349.0 354.0 358.00 362.0 367.0 Buy on dips near S2

TISCO 756.0 773.0 783.15 793.0 810.0 Go Long AboveR1 / Go Short Below s1

TCS 3136.0 3170.0 3,198.85 3225.0 3265.0 Go Long AboveR1 / Go Short Below s1

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

January 30, 2018 6

 SAI PROFICIENT INVESTMENT ADVISORY

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