For March 18, 2015

A Sharekhan technical research newsletter

Punters Call

Volatile but positive

Market on March 17, 2015: Resistance 8750

Nifty daily: 8723

9200
9150

The Nifty was quite volatile today but managed to close

in the positive territory. It was not able to cross the
8750 level though which shows that the resistance at
the downtrend line persists and until that is taken off
convincingly along with the swing high of 8850, the
downtrend shall continue. The Bank Nifty has taken good
support at its uptrend line, which is near 18650. This
indicates that the range for the Bank Nifty now is 20300
to 18650 levels and till this range is not taken off the
consolidation will continue. For the Bank Nifty to inch
towards the higher end of the range it needs to violate
the lower top and lower bottom formation, which in
its case is 19377. The same is 8850 in the case of the
Nifty. The momentum indicators on both the daily and
hourly charts are in sell mode. So in tandem with the
momentum indicators we maintain our short-term bias
down.

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
6

KST (-1.22574)

5
4
3
2
1
0
-1
19

27

2
February

16

23

2
March

16

23

30
Ap

60-minute
9200
9150
9100
9050
9000
8950
8900
8850
8800
8750

Other technical observations

8700
8650
8600
8550
8500

On the daily chart the index is trading between the 20day moving average (DMA) and the 40-DMA, ie 8803 and
8709 respectively. The momentum indicator is trading
in negative mode on the daily chart.

8450
8400
8350
8300
8250
8200
8150
8100
8050
8000
7950
KST (0.11190)

On the hourly chart, the Nifty is trading above the 20hour moving average (HMA) and the 40-HMA, ie 8671
and 8716 respectively, which are crucial intra-day levels.
The hourly momentum indicator has turned positive. The
market breadth was positive with 772 advances and 730
declines on the National Stock Exchange.

1.5
1.0
0.5
0.0
-0.5
-1.0
-1.5
-2.0
-2.5
5

12

19

27

2
February

16

23

2
March

16

Market breadth
BSE

NSE

Advances

1,359

772

Decline

1,454

730

126

62

3,233 cr

19,053 cr

Unchanged
Volume (Rs)

For Private Circulation only

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Looking Trendy

Short Term Trend

Index

Target

Sensex

28044

Nifty

8470

Trend

Reversal




Support / Resistance

Up above 29190

28044/29190

Up above 8850

8470/8850

Medium Term Trend

Index

Target

Trend

Reversal

Support / Resistance

Sensex

31350

Down below 28060

28060/31350

Nifty

9500

Down below 8445

8445/9500

Up

Icon guide
Down

Upswing matures

Downswing matures

Trendy Levels for Tomorrow

Sensex
Support

Nifty
Resistance

28435
28784
18800
19300
28384
29000
18693
19700
28044
29183
18182
20062
20DSMA
40DEMA
20DSMA
40DEMA
29051
28781
20390
19941
BSE Sensex: 28,736
BSE Sensex: 19013

For Private Circulation only

Eagle Eye

Support

Resistance

8671
5700
8630
5616
8470
5514
20DSMA
20DSMA
8803
6096

8742
5847
8803
5993
8849
6078
40DEMA
40DEMA
8709
5958

March 18, 2015

Nifty: 8,723
Nifty: 5705

Home

Smart Charts
Date

Recommendation

13-Mar-15
13-Mar-15
13-Mar-15
13-Mar-15
13-Mar-15
12-Mar-15
10-Mar-15
9-Mar-15

TVS Motors Mar Fut

Oriental Bank Mar Fut
Tata Chem Mar Fut
Yes Bank Mar Fut
IDFC Mar Fut
Mcleod Russel Mar Fut
Dish Tv Mar Fut
PFC Mar Fut

Action

Stop Loss/
Reversal
(Intra-day)

Sell
Sell
Sell
Sell
Sell
Buy
Sell
Sell

Stop Loss/
Reversal
DCL
293.00
243.50
Book Profit
Stopped Out
174.00
238.20
Book Profit
Book Profit

Buy/Sell
Price
281.00
233.75
443.35
807.60
168.95
250.25
83.80
289.25

Closing Potential %
Price P/L at CMP
(CMP)
284.15
235.80
436.00
840.00
168.75
245.90
81.50
281.15

-1.12%
-0.88%
1.66%
-4.01%
0.12%
-1.74%
2.74%
2.80%

Target1 Target 2

249.00
214.00
417.00
770.00
156.00
275.00
78.00
270.00

233.00
210.00
397.00
750.00
150.00
290.00
74.00
262.00

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

Action
Date

Stock

Action

Stop loss

Price

Closing
price

Potential %

Target1

Target2

P/L at CMP

17-Mar-15

Lupin Mar Fut

Buy

1,868.00

1,883.25

1,886.00

0.15%

1,924.00

1,950.00

17-Mar-15

DLF Mar Fut

Sell

Stopped Out

164.90

167.00

-1.27%

161.40

158.00

17-Mar-15

Sunpharma Mar Fut

Buy

1,027.00

1,046.85

1,039.90

-0.66%

1,084.00

1,110.00

16-Mar-15

IOC Mar Fut

Buy

Book Profit

344.00

350.55

1.90%

353.00

360.00

Potential %

Target1

Target2

1,660.00

1,690.00

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

17-Mar-15

Cadila Healthcare

Action
Buy

Stop loss
price

Price

Book Profit

1,604.50

Closing

P/L at CMP
1,670.00

4.08%

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

March 18, 2015

Home

Short specific
Term Trend
Stock
ideas

- CNX BANK INDEX - 1 MONTH (19,135.10, 19,200.00, 18,859.30, 19,174.90, +205.150)

Bank Nifty

21100
21000
20900
20800
20700
20600
20500
20400
20300
20200
20100
20000
19900
19800
19700
19600
19500
19400
19300
19200
19100
19000
18900
18800
18700
18600
18500
18400
18300
18200
18100
18000
17900
17800

KST (-1.22495)

Support: 18781/18688
Resistance: 18258/19377

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

12

19

27

2
February

16

23

2
March

16

23

30
A

Premium Technical Synopsis

Calls

Action
date

Action Segments

Stop loss/
Reversal^

Stop loss*
(Rs)

Reco
price
(Rs)

Closing
price
(Rs)

Potential #
P/L (%)

Tgt.1
(Rs)

Tgt.2
Risk/
(Rs)
Rwd.
ratio (%)

JB Chem & Pharma 16.03.15

Buy

Cash

191.50

203.25

216.65

6.59%

236.00

259.00

1/5

Adani Ent Mar Fut

Sell

Fut

665.00

639.30

647.00

-1.20%

600.00

585.00

1/2

715.95

781.00

773.35

-0.98%

900.00

13.03.15

IPCA LABS

11.03.15

Buy

Cash

986.00

1/3

Carerating

02.03.15

Buy

Cash

- Stopped Out 1,605.00 1,499.00

-6.60% 1,725.00 1,775.00

Videocon Ind

09.02.15

Buy

Cash

- Stopped Out

-7.55%

*DCL

# CMP

^Intra-day

For Private Circulation only

Tgt. = Target

165.00

152.55

196.00

210.00

Rwd. = Reward

Eagle Eye

March 18, 2015

Home

Day Traders Hit List

For March 18, 2015
Scrip Name
NIFTY Futures

Support Levels
S2
S1

Close
(Rs)

Resistance Levels
R1
R2

Action
Go Long AboveR1 / Go Short Below s1

8600.0

8690.0

8738.8

8764.0

8834.0

Bank Nifty Futures 18780.0

19000.0

19174.9

19200.0

19500.0

Go Long AboveR1 / Go Short Below s1

567.0

580.1

585.8

596.0

Go Long AboveR1 / Go Short Below s1

Axis Bank

559.0

BHEL

255.0

259.0

264.8

266.0

275.0

Go Long AboveR1 / Go Short Below s1

DLF

161.0

163.0

165.0

167.4

172.0

Go Long AboveR1

Hindalco

123.0

130.3

134.3

136.8

143.0

Go Long AboveR1 / Go Short Below s1

ICICI Bank

325.0

330.0

334.9

336.5

340.0

Go Long AboveR1 / Go Short Below s1

24.0

25.8

26.2

26.7

27.2

1684.0

1700.0

1715.7

1723.0

1769.0

Go Long AboveR1 / Go Short Below s1

826.0

845.0

856.9

860.0

878.0

Go Long AboveR1 / Go Short Below s1

Jai Prakash
LNT
Reliance Industries

Go Short Below s1

SBI

275.0

280.0

283.1

284.0

295.0

Go Long AboveR1 / Go Short Below s1

Tata Motors

554.0

565.0

571.6

579.0

591.0

Go Long AboveR1 / Go Short Below s1

Tata Power
TISCO
TCS

78.0

80.0

80.6

81.8

84.0

Go Long AboveR1 / Go Short Below s1

323.0

327.0

332.6

336.5

347.0

Go Long AboveR1 / Go Short Below s1

2552.0

2570.0

2583.7

2606.7

2660.0

Go Long AboveR1 / Go Short Below s1

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

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