Eagle Eye Equities

December 16, 2019

Index
Punter’s Call
Looking Trendy
Nifty Trader
Smart Charts
CTFT (Carry Today For Tomorrow)
Bank Nifty
Bank Nifty Trader
Day Trader’s Hit List

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Sharekhan Eagle Eye Equities

Punter’s Call
Bulls stretch their arms

December 13, 2019 Nifty daily: 12,086.7

The Nifty opened on a strong note on December 13

and traded with a positive bias throughout the day.
Thus, the index has formed a runaway gap on the
daily chart at 12005-12023, which underscores the
inherent strength in the market. The weekly chart
shows that the Nifty recovered sharply in the week
gone by after a steep decline in the penultimate
week. On the downside, the junction of the 40-Day
exponential moving average and the daily lower
Bollinger Band acted as a strong support zone & a
fresh rally originated thereon. On the way up, the
index has surpassed key near-term moving averages
as well as the psychological mark of 12000 on closing 60-minute
basis. Thus, the index is on the course to hit an all-
time high of 12158 with the short-term target of 12350.

Other technical observations

On the daily chart, the Nifty is above the 20-day
moving average (DMA) and the 40-DEMA, of 11996
and 11853, respectively. The momentum indicator is
in bearish mode on the daily chart.
On the hourly chart, the Nifty is above the 20-hour
moving average (HMA) and the 40-HEMA, of 11969
and 11977, respectively. The hourly momentum
indicator is bullish. The market breadth was positive
with 1172 advances and 609 declines on the National
Stock Exchange. Market breadth
BSE NSE
Todays Close 41,009.71 12,086.7
Advances 1,551 1,172
Decline 986 609
Unchanged 166 359
Volume (Rs.) 2,034.49 cr 36,680.77 cr

December 16, 2019 2

Sharekhan Eagle Eye Equities

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

Nifty 12350 á 11720 11720 / 12350 Nifty 12560 á 11400 11400 / 12560

NOTE: Reversal on closing basis NOTE: Reversal on closing basis

Icon guide
á
á

á á
Up Down Sideways Downswing matures Upswing matures

Nifty Trader
Support Resistance
12005 12159
11934 12296
11853 12350
20 DSMA 40 DEMA
11996 11853

Smart Charts
Stop Loss Potential%
Buy Price/ Call Closing
Date Scrip Name Action (On closing P/L at Exit/ Target 1 Target 2
Sell Price Price/ CMP
Basis ) Current
13-Dec-19 Concor Dec Fut Buy 555.00 576.15 578.45 0.40% 610.00 638.00
06-Dec-19 UPL Dec Fut Sell 585.00 565.00 567.35 -0.42% 519.00 500.00
06-Dec-19 SRTRANSFIN Dec Fut Sell 1133.00 1084.35 1107.50 -2.13% 1026.00 975.00
29-Nov-19 DLF Dec Fut Sell Stopped Out 217.00 229.80 -5.90% 205.00 193.00
NOTE: Kindly note that all stop losses in Smart Charts are on closing basis unless specified.
TPB: Trailing profit booked

CTFT (Carry Today For Tomorrow)

Potential%
Stop Loss/ Buy Price/ Sell Call Closing
Date Scrip Name Action P/L at Exit/ Target 1 Target 2
Reversal Price Price/CMP
Current

13-Dec-19 Concor Dec Fut Buy 572.00 579.65 578.45 -0.21% 590.00 598.00
12-Dec-19 Asian Paints Dec Fut Buy Exit 1752.35 1753.20 0.05% 1774.00 1792.00
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

December 16, 2019 3

Sharekhan Eagle Eye Equities

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

Bank Nifty 32900 á 30100 30100 / 32900 Bank Nifty 33540 á 29200 29200 / 33540

NOTE: Reversal on closing basis NOTE: Reversal on closing basis

Icon guide
á
á

á á
Up Down Sideways Downswing matures Upswing matures

Bank Nifty Trader Bank Nifty Daily

Support Resistance

31770 32157

31560 32490

31320 32676

20 DSMA 40 DEMA

31560 30846

Key Indices
Particulars Target Trend Reversal Support / Resistance

Nifty Auto 8500 á 7568 7568 / 8500

Nifty FMCG 32644 á 30020 30020 / 32644

Nifty Fin. Service 15027 á 13900 13900 / 15027

Nifty IT 14253 â 15420 14253 / 15420

Nifty Metal 2712 á 2404 2404 / 2712

Nifty Pharma 8650 á 7775 7775 / 8650

Nifty Mid Cap 100 17338 á 16200 16200 / 17338

Nifty Small Cap 100 5910 á 5500 5500 / 5910

December 16, 2019 4

Sharekhan Eagle Eye Equities

Day Trader’s Hit List

For December 16, 2019
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
NIFTY Dec Futures 12020.0 12090.0 12151.3 12175.0 12250.0 Buy on dips near S1

Bank Nifty Dec Futures 31650.0 31930.0 32104.0 32272.0 32428.0 Buy on dips near S1

Axis Bank 725.0 737.0 752.25 755.0 763.0 Buy Above R1

Bajaj Finance 4000.0 4041.0 4076.00 4090.0 4125.0 Buy Above R1

HDFC 2318.1 2335.0 2351.20 2366.0 2397.0 Buy Above R1

HDFC Bank 1247.0 1259.0 1263.10 1272.0 1286.0 Buy on dips near S1

Hindustan Unilever 1969.0 1994.0 2005.90 2024.0 2040.8 Sell on rise near R1

INFOSYS 700.0 709.0 711.50 715.0 725.0 Buy Above R1

ICICI Bank 527.0 535.7 537.2 541.3 547.0 Sell on rise near R1

ITC 239.2 240.4 241.70 242.5 245.0 Buy Above R1

Kotak Bank 1670.0 1687.0 1691.6 1705.0 1720.0 Sell Below S1

LNT 1285.0 1296.0 1306.0 1315.0 1329.0 Buy Above R1

Maruti 7099.0 7146.0 7235.6 7270.0 7370.0 Buy Above R1

Reliance Industries 1554.0 1572.4 1584.0 1590.0 1609.0 Buy Above R1

SBI 325 327.6 333.0 335.0 342.0 Buy Above R1

SunPharma 430.2 435 436.8 441.9 445 Buy Above R1/ Sell Below S1

Tata Steel 416.6 424.0 429.4 432.0 434.6 Buy Above R1

TCS 2020.0 2049.5 2070.0 2084.0 2109.0 Buy Above R1/ Sell Below S1

Titan 1166.0 1177.5 1184.6 1192.0 1205.0 Sell Below S1

Zeel 269.2 278.0 279.7 286.3 292.0 Sell Below S1

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

December 16, 2019 5

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