A Sharekhan technical research newsletter

June 01, 2015

Punters Call

Bulls eye RBI

The Nifty opened at 8417.25, down 16 points, but has
been trading higher since then in the hope of a positive
outcome of the Reserve Bank of Indias monetary policy
review meeting tomorrow. The index has taken off the
previous swings resistance on the hourly chart which
sets it for a target of 8504 initially and of 8550 after
that. On the lower side, 8405 is a very crucial support
and till that is held we shall advise aggressive traders to
hold their longs on the index. The Bank Nifty is facing
resistance at the neckline of the inverse head-andshoulders pattern, ie 18850. So in order to gain strength
it needs to clear that level. On the lower side, it has a
crucial support at 18460.

moving average and the 40-hour exponential moving

average, ie 8365 and 8374 respectively, which are crucial
levels in the immediate run. The market breadth is positive
with 742 advances and 664 declines on the National Stock
Exchange.

Updated at 12.00 noon

Advance

Decline

BSE

1181

1116

NSE

742

664

Moving Average (hourly)

On the hourly chart, the momentum indicator has turned

positive. The Nifty is trading above the 20-hour simple

20(S)

8365

100 (S)

8331

40(S)

8367

200 (S)

8301

8600
8550
8500
8450
8400
8350
8300
8250
8200
8150
8100
8050
8000
7950

KST (1.09796)

1.5
1.0
0.5
0.0
-0.5
-1.0
-1.5
-2.0

4
May

11

12

13

14

15

18

19

20

21

22

25

26

27

28

29

1
June

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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 27360

27360/28100

Down below 8270

8270/8504

Medium Term Trend

Nifty

u
u

8660

Up

Reversal

Support / Resistance

Down below 26750

26750/28625

Down below 8089

8089/8660

Icon guide
Down

Upswing matures

Downswing matures

Premium Technical Synopsis

Action
date

Calls

Action Segments
Reversal^

Stop loss/
(Rs)

Stop loss*
price

Reco
price
(Rs)

Closing
P/L (%)
(Rs)

Potential #
(Rs)

29.05.15

Cummins Ind

Buy

Cash

852.00

900.90

922.05

2.35%

18.05.15

GHCL

Buy

Cash

79.50

90.35

80.95

18.05.15

KECINT

Buy

Cash

103.60

114.60

120.95

*DCL

# CMP

^Intra-day

Tgt. = Target

Tgt.1
(Rs)

Tgt.2
Rwd.

Risk/
ratio (%)

989.00 1,045.00

1/3

-10.40%

109.50

120.00

3/8

5.54%

136.00

150.00

1/3

Rwd. = Reward

High noon

June 01, 2015

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Smart Charts
Date

Recommendation

27-May-15
19-May-15
5-May-15

Coal India June Fut

PTC June Fut
Tata Global June Fut

Action

Stop Loss/
Reversal
(Intra-day)

Stop Loss/
Reversal
DCL

Buy
Buy
Buy

Buy/Sell
Price

377.00
65.00
137.00

380.10
69.10
146.55

Closing Potential %
Price P/L at CMP
(CMP)
396.80
69.75
146.05

4.39%
0.94%
-0.34%

Target1 Target 2

400.00
73.00
155.00

427.00
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 term1 to 5 days
Action
Date

Stock

Action

Stop loss

Price

Closing
price

Potential %
P/L at CMP

Target1

Target2

1-Jun-15

Cairn India June Fut

Buy

193.00

194.80

195.40

0.31%

201.00

209.00

29-May-15

Biocon June Fut

Buy

453.00

453.80

463.05

2.04%

461.00

473.00

29-May-15

Jsw Steel June Fut

Buy

912.00

938.60

915.50

-2.46%

969.00

988.00

29-May-15

Zee Ltd June Fut

Buy

317.00

324.00

322.90

-0.34%

333.00

344.00

29-May-15

CESC June Fut

Buy

Stopped Out

553.90

545.00

-1.61%

572.00

584.00

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 term1 to 10 days

Action
Date

Stock

Action

29-May-15

Kajaria Ceramics

Buy

Stop loss
price

Price

Closing

Potential %
P/L at CMP

Target1

Target2

830.00

842.00

850.25

0.98%

867.00

880.00

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

High Noon

32

June 01, 2015

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High noon

June 01, 2015

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