A Sharekhan technical research newsletter

For September 30, 2015

Punters Call

RBI protects from global weakness

Market on September 29, 2015: Support at 7691

The Nifty opened gap-down due to global weakness but

when the RBI announced the repo rate cut, it zoomed
and closed above 7800. The RBI gave a positive surprise
and the bulls cheered it all across the Street. The Bank
Nifty had come quite close to its neckline of the inverse
head and shoulders pattern but then it saw some profit
booking in the final hour of the session which didnt let it
closed above the neckline. However, on the lower side,
it has a crucial support at 17070 and till that level is
held the upside is quite likely. The Nifty is expected to
test 8000 initially and thereafter a breakout above 8055
will take it to 8200. The daily KST is still in a buy mode
and with that we continue to maintain our short-term
bias up.

Nifty daily: 7,843

8750
8700
8650
8600
8550
8500
8450
8400
8350
8300
8250
8200
8150
8100
8050
8000
7950
7900
7850
7800
7750
7700
7650
7600
7550
7500
7450
7400
7350
7300
7250
KST (-0.11860)

13

20

27

3
August

10

17

24

2
1
0
-1
-2
-3
-4
-5
-6
31

14

21

28

September

5
October

12

60-minute

Other technical observations

8400
8350
8300

On the daily chart, the index is trading between the 20day moving average (DMA) and the 40-DMA, ie 7819 and
8011 respectively. The momentum indicator is trading in
a positive mode on the daily chart.

8250
8200
8150
8100
8050
8000
7950
7900
7850
7800

On the hourly chart, the Nifty is trading between the

20-hour moving average (HMA) and the 40-HMA, ie 7835
and 7850 respectively, which are crucial intra-day levels.
The hourly momentum indicator has turned positive. The
market breadth was negative with 651 advances and 814
declines on the National Stock Exchange.

7750
7700
7650
7600
7550
7500
7450
7400
KST (0.25010)

2
1
0
-1
-2
-3
-4
-5

24

25

26

27

28

31

1
2
3
September

10

11

14

15

16

18

21

22

23

24

28

29

30

1
Oct

Market breadth
BSE

NSE

Advances

1,249

651

Decline

1,356

814

110

89

3,053 Cr

20,467 Cr

Unchanged
Volume (Rs)

For Private Circulation only

For Private Circulation only

REGISTRATION DETAILS Regd office: Sharekhan Limited, 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway
Station, Kanjurmarg (East), Mumbai 400042, Maharashtra. Tel: 022 - 61150000. Sharekhan Ltd.: SEBI Regn. Nos. BSE - INB/INF011073351 ; BSE- CD
; NSE- INB/INF231073330; CD-INE231073330 ; MCX Stock Exchange - INB/INF261073333 ; CD-INE261073330 ; DP - NSDL-IN-DP-NSDL-233-2003 ; CDSLIN-DP -CDSL-271-2004 ; PMS-INP000000662 ; Mutual Fund-ARN 20669 ; Commodity trading through Sharekhan Commodities Pvt. Ltd.: MCX-10080 ;
(MCX/TCM/CORP/0425) ; NCDEX-00132 ; (NCDEX/TCM/CORP/0142)
; NCDEX SPOT-NCDEXSPOT/116/CO/11/20626 ; For any complaints email at igc@
1
Eagle Eye
September
30, 2015
sharekhan.com; Disclaimer: Client should read the Risk Disclosure Document issued by SEBI & relevant exchanges and Dos & Donts by MCX & NCDEX
and the T & C on www.sharekhan.com before investing.

Home

Looking Trendy
Short Term Trend
Index

Target

Trend

Reversal

Support / Resistance

Sensex

27131

Down below 25180

25180/27131

Nifty

8225

Down below 7640

7640/8225

Index

Target

Trend

Reversal

Support / Resistance

Sensex

23720

Up above 27530

23720/27530

Nifty

7140

Up above 8315

7140/8315

Medium Term Trend

Icon guide

Up

Down

Sideways

Downswing matures

Upswing matures

Trendy Levels for Tomorrow

Sensex

Nifty

Support

Resistance

Support

Resistance

25720

25888

7802

7890

25653

25936

7783

7926

25585

26054

7745

7978

20 DSMA

40 DEMA

20 DSMA

40 DEMA

25709

26363

7819

8011

BSE Sensex: 25,778

For Private Circulation only

Nifty: 7,843

Eagle Eye

September 30, 2015

Home

Smart Charts

Date

Recommendation

Action

Stop
Loss/
Reversal
(Intra-day)

Stop Loss/
Reversal DCL

Closing
Price
(CMP)

Buy/Sell
Price

Potential %
P/L at
CMP

Target1

Target 2

29-Sep-15

Bank Of India Oct Fut

Buy

131.0

140.0

138.7

-0.96%

150.0

159.0

29-Sep-15

L & T Oct Fut

Buy

1416.0

1470.0

1452.5

-1.19%

1565.0

1600.0

29-Sep-15

Axis Bank Oct Fut

Buy

487.0

515.2

507.3

-1.54%

554.0

581.0

29-Sep-15

Bank Nifty Oct Fut

Buy

17080.0

17503.3

17350.0

-0.88%

18100.0

18400.0

29-Sep-15

Mcleod Russel Oct Fut

Buy

145.5

153.0

151.8

-0.82%

165.0

173.0

28-Sep-15

Lupin Oct Fut

Buy

1914.0

2039.3

2030.0

-0.45%

2150.0

2262.0

NOTE: Kindly note that all stop losses in Smart Charts Calls are on closing ba sis unless specified.
TPB: Trailing profit booked

Momentum Swing
For the short term1 to 5 days
Stock

29-Sep-15

Bharat Forge Oct Fut

Buy

886.0

913.8

901.3

-1.37%

959.0

980.0

29-Sep-15

TCS Oct Fut

Buy

2575.0

2631.2

2591.0

-1.53%

2690.0

2740.0

Action

Stop Loss/
Reversal

Buy/Sell
Price

Closing
Price

Potential
% P/L at
CMP

Action
Date

Target1

Target 2

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

28-Sep-15

TataElxsi

Action

Buy

Stop Loss/

Price

Closing
Price

Potential
% P/L at
CMP

Target1

Target 2

Stopped out

1916.5

1840.0

-3.99%

1965.0

2010.0

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

September 30, 2015

Home

Short Term Trend

- CNX BANK INDEX - 1 MONTH (16,948.90, 17,570.00, 16,670.00, 17,350.00, +164.199)
20000

B
c

19500

19000

18500

Bank Nifty
Support: 16988/16648
Resistance: 17461/17652

18000
0.0%
17500
23.6%
17000

38.2%
50.0%
61.8%

16500

16000
100.0%
C
15500

KST (2.27311)

20

27

3
August

10

17

For Private Circulation only

24

31

3
2
1
0
-1
-2
-3
-4
-5
-6
-7
-8
-9
7

September

14

21

28

5
October

12

Eagle Eye

September 30, 2015

Home

Day Traders Hit List

For September 30, 2015
Scrip Name

Support Levels

Close

Resistance Levels

Action

S2

S1

(Rs)

R1

R2

7685.0

7800.0

7858.0

7930.0

8030.0

Go Long AboveR1 / Go Short Below s1

17070.0

17180.0

17350.0

17520.0

17650.0

Go Long AboveR1 / Go Short Below s1

Axis Bank

491.0

498.0

504.0

508.0

518.0

Go Long AboveR1 / Go Short Below s1

BHEL

192.0

196.0

197.3

199.8

202.0

Go Long AboveR1 / Go Short Below s1

BPCL

828.0

840.0

848.3

857.0

870.0

Go Long AboveR1 / Go Short Below s1

1092.0

1108.0

1121.0

1133.0

1152.0

Go Long AboveR1 / Go Short Below s1

ICICI Bank

262.0

266.0

268.9

273.0

275.0

Go Long AboveR1 / Go Short Below s1

LIC Housing

439.0

446.0

450.5

455.0

462.0

Go long with stop loss below S1

Go long with stop loss below S1

NIFTY Futures
Bank Nifty Futures

INFOSYS

LNT

1412.0

1432.0

1448.3

1465.0

1480.0

Reliance Industries

818.0

832.0

839.2

850.0

863.0

Go Long AboveR1 / Go Short Below s1

SBI

236.0

239.5

242.0

245.0

248.0

Go Long AboveR1 / Go Short Below s1

SunPharma

831

842

850.4

860

870

Go Long AboveR1 / Go Short Below s1

Tata Motors

282.0

286.0

288.65

292.0

295.0

Go Short with stop loss above R1

TISCO

197.2

200.2

201.4

204.0

207.0

Go Short with stop loss above R1

2530.0

2569.0

2590.2

2619.0

2645.0

TCS

Go Long AboveR1 / Go Short Below s1

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

Home
To know more about our products and services click here.
For Private Circulation only
Disclaimer
This document has been prepared by Sharekhan Ltd. (SHAREKHAN) and is intended for use only by the person or entity to which it is addressed to. This document may contain confidential and/or privileged material and is not for any
type of circulation and any review, retransmission, or any other use is strictly prohibited. This document is subject to changes without prior notice. Kindly note that this document is based on technical analysis by studying charts of a
stocks price movement and trading volume, as opposed to focusing on a companys fundamentals and as such, may not match with a report on a companys fundamentals. This document does not constitute an offer to sell or solicitation
for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Though disseminated to all customers who are due to receive the same, not all customers may receive this report at the same time.
SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is obtained from publicly available data or other sources believed to be reliable and SHAREKHAN has not independently verified the accuracy and completeness of the said data and hence it should not
be relied upon as such. While we would endeavour to update the information herein on a reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (SHAREKHAN and affiliates) are under
no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. This document is prepared for assistance only and is not
intended to be and must not alone be taken as the basis for an investment decision. Recipients of this report should also be aware that past performance is not necessarily a guide to future performance and value of investments can
go down as well. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as he deems necessary to arrive at an independent evaluation of an investment
in the securities of companies referred to in this document (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such an investment. The investment discussed or views
expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of SHAREKHAN may have issued other reports that are inconsistent with and reach different conclusion from
the information presented in this report.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability
or use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licencing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale
in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. Either SHAREKHAN or its affiliates or its directors or
employees/representatives/clients or their relatives may have position(s), make market, act as principal or engage in transactions of purchase or sell of securities, from time to time or may be materially interested in any of the
securities or related securities referred to in this report and they may have used the information set forth herein before publication. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services
for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any
damages of any kind. The analyst certifies that all of the views expressed in this document accurately reflect his or her personal views about the subject company or companies and its or their securities and do not necessarily reflect
those of SHAREKHAN. Further, no part of the analysts compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this document.

For Private Circulation only

Eagle Eye

September 30, 2015

Home

Please refer the Risk Disclosure Document issued by SEBI and go through the Rights and Obligations and Dos and Donts issued by Stock Exchanges and Depositories before trading on the Stock Exchanges. Please refer disclaimer for
Terms of Use.
Compliance Officer: Ms. Namita Amod Godbole; Tel: 022-6115000; e-mail: compliance@sharekhan.com Contact: myaccount@sharekhan.com