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For May 25, 2015
A Sharekhan technical research newsletter
Punter’s Call
A positive week ahead of expiry
Market on May 22, 2015: Resistance @ 8504
Nifty daily: 8458
9200
The Nifty closed in the positive territory for the week
and missed our short-term target by just a few points.
Had the Bank Nifty not turned a spoilsport today the
Nifty might have achieved our target. Now on the upside,
8504 is an immediate resistance that needs to be taken
off in order to gain momentum. On the lower side, the
immediate support is pegged at 8382. Hence, in order
to continue with the higher-top-and-higher bottom
formations, the index needs to hold on to its nearest
support of 8382. The Bank Nifty has to hold on to its
crucial support of 18108 in order to keep the short-term
trend up as below that level the probability of a downside
will increase because it will then invalidate the falling
wedge pattern. Next week being an expiry week, we
expect a lot of volatility. Therefore, traders are advised
to trade cautiously.
9150
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
KST (1.86036)
2
1
0
-1
-2
-3
16
23
2
March
9
16
23
30
6
April
13
20
27
4
May
11
18
25
1
June
8
60-minute
8950
8900
8850
8800
8750
8700
Other technical observations
8650
8600
8550
8500
On the daily chart the index is trading above the 20-day
moving average (DMA) and the 40-DMA, ie 8271 and 8409
respectively. The momentum indicator is trading in
positive mode on the daily chart.
8450
8400
8350
8300
8250
8200
8150
8100
8050
8000
On the hourly chart, the Nifty is trading above the 20hour moving average (HMA) and the 40-HMA, ie 8430
and 8382 respectively, which are crucial intra-day levels.
The hourly momentum indicator has turned negative.
The market breadth was negative with 625 advances
and 840 declines on the National Stock Exchange.
7950
7900
KST (0.50143)
1.5
1.0
0.5
0.0
-0.5
-1.0
-1.5
-2.0
16
17
20
21
22
23
24
27
28
29
30
4
May
5
6
7
8
11
12
13
14
15
18
19
20
21
22
Market breadth
BSE
NSE
Advances
1271
625
Decline
1579
840
132
72
3,023 cr
18,132 cr
Unchanged
Volume (Rs)
For Private Circulation only
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Looking Trendy
Short Term Trend
Index
Target
Sensex
28100
Trend
8504
u
u
Index
Target
Trend
Sensex
28625
Nifty
Reversal
Support / Resistance
Down below 26948
26948/28100
Down below 8137
8137/8504
Medium Term Trend
Nifty
u
u
8660
u
u
Up
Reversal
Support / Resistance
Down below 26750
26750/28625
Down below 8089
8089/8660
Icon guide
Down
Upswing matures
Downswing matures
Trendy Levels for Tomorrow
Sensex
Support
Nifty
Resistance
27821
28096
18800
19300
27665
28245
18693
19700
27524
28398
18182
20062
20DSMA
40DEMA
20DSMA
40DEMA
27334
27771
20390
19941
BSE Sensex: 27,957
BSE Sensex: 19013
For Private Circulation only
Eagle Eye
2
Support
Resistance
8415
5700
8369
5616
8330
5514
20DSMA
20DSMA
8271
6096
8504
5847
8543
5993
8585
6078
40DEMA
40DEMA
8409
5958
May 25, 2015
Nifty: 8,458
Nifty: 5705
Home
Smart Charts
Date
Recommendation
19-May-15
19-May-15
5-May-15
Rpower May Fut
PTC May Fut
Tata Global May Fut
Action
Stop Loss/
Reversal
(Intra-day)
Stop Loss/
Reversal
DCL
Buy
Buy
Buy
-
Buy/Sell
Price
52.00
65.00
137.00
54.55
68.65
145.80
Closing Potential %
Price P/L at CMP
(CMP)
53.15
67.80
148.10
-2.57%
-1.24%
1.58%
Target1 Target 2
58.50
73.00
155.00
61.00
75.00
165.00
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 term—1 to 5 days
Action
Date
Stock
Action
Stop loss
Price
Closing
price
Potential %
P/L at CMP
Target1
Target2
1,840.00
22-May-15
Lupin May Fut
Buy
1,701.00
1,726.95
1,739.50
0.73%
1,810.00
22-May-15
Tata Motors DVR May Fut
Buy
311.30
318.65
316.70
-0.61%
325.00
331.00
22-May-15
Adani Ports May Fut
Buy
345.50
352.50
348.75
-1.06%
361.50
367.00
21-May-15
Abirlanuvo May Fut
Sell
1,881.00
1,848.00
1,835.80
0.66%
1,810.00
1,773.00
18-May-15
LICHSGFIN May Fut
Buy
410.00
423.95
417.00
-1.64%
439.00
448.00
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
Momentum Cash Ideas
For the short term—1 to 10 days
Action
Date
Stock
Action
27-Apr-15
Cummins India
Buy
Stop loss
price
Price
Closing
Potential %
P/L at CMP
Target1
Target2
832.55
860.55
853.95
-0.77%
897.00
916.00
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
3
May 25, 2015
Home
Short specific
Term Trend
Stock
ideas
Bank Nifty
- CNX BANK INDEX - 1 MONTH (18,511.20, 18,725.00, 18,020.00, 18,340.00, -160.400)
21000
100.0%
20500
20000
61.8%
Support: 18296/18108
Resistance: 18755/19038
19500
50.0%
19000
38.2%
18500
23.6%
18000
17500
0.0%
17000
KST (1.66039)
5
0
-5
1
8
December
15
22
29
5
2015
12
19
27
2
9
February
16
23
2
9
March
16
23
30 6
April
13
20
27
4
May
11
18
25
1
June
8
Premium Technical Synopsis
Action
date
Calls
Action Segments
Reversal^
18.05.15
GHCL
Buy
18.05.15
KECINT
Buy
*DCL
# CMP
^Intra-day
For Private Circulation only
Stop loss*
price
Reco
price
(Rs)
Closing
P/L (%)
(Rs)
Potential #
(Rs)
Tgt.1
(Rs)
Tgt.2
Rwd.
Cash
79.50
90.35
90.40
0.06%
109.5
120.00
0.37
Cash
103.60
114.60
113.80
-0.70%
136
150.00
0.31
Tgt. = Target
Stop loss/
(Rs)
Risk/
ratio (%)
Rwd. = Reward
Eagle Eye
4
May 25, 2015
Home
Day Trader’s Hit List
For May 25, 2015
Scrip Name
NIFTY Futures
Support Levels
S2
S1
Close
(Rs)
Resistance Levels
R1
R2
Action
8292.7
8359.6
8444.0
8528.4
8596.7
Go long with stop loss below S1
Bank Nifty Futures 18011.3
Go long with stop loss below S1
18156.6
18340.0
18523.4
18671.6
Axis Bank
549.7
559.7
570.0
580.3
590.7
Go long with stop loss below S1
BHEL
225.7
229.8
234.0
238.2
242.5
Go long with stop loss below S1
Idea
161.5
164.5
167.5
170.5
173.6
Go long with stop loss below S1
Hindalco
132.1
134.5
137.0
139.5
142.0
Go long with stop loss below S1
ICICI Bank
301.8
307.4
313.0
318.6
324.4
Go long with stop loss below S1
17.2
17.5
17.8
18.1
18.4
Go long with stop loss below S1
1592.1
1621.3
1651.0
1680.7
1711.0
Go long with stop loss below S1
870.8
886.7
903.0
919.3
935.8
Go long with stop loss below S1
Jai Prakash
LNT
Reliance Industries
SBI
271.9
276.9
282.0
287.1
292.2
Go long with stop loss below S1
Tata Motors
496.1
505.2
514.5
523.8
533.2
Go long with stop loss below S1
Tata Power
TISCO
TCS
73.0
74.4
75.8
77.1
78.5
Go long with stop loss below S1
329.3
335.4
341.5
347.6
353.9
Go long with stop loss below S1
2526.5
2572.8
2620.0
2667.2
2715.2
Go long with stop loss below S1
*Note: Closing price of Nifty futures is last traded price of Nifty futures on NSE
SL=Stoploss
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