EQUITY TECHNICAL REPORT

WEEKLY
[23 MAY to 27 MAY 2016]

ZOID RESEARCH TEAM

WEEKLY TECHNICAL REPORT

23 MAY TO 27 MAY 16

NIFTY 50 7749.70 (-111.05)

(-1.41%)

This week markets open with a positive note. Seesaw movement was there in the market. The Indian
equity market ended with smart gains and closed
near days high on Monday. After opening with
positive bias indices slipped lower and remained
under pressure in the first half of the day. Official
data released showed that India's wholesale pricebased inflation unexpectedly turned positive for the
first time in 18 months in April, driven by costlier
food items such as vegetables and pulses. On
Tuesday, Market sentiments remain upbeat
following exit polls at the end of polling in Assam,
showed BJP winning the elections for the first
time. nifty extended their gains for the second
straight day. On Wednesday, Indian stock markets
opened with a gap-down, tracking the weak global
cues, specifically from the Asian markets. Nifty
opened 44 points down respectively. After opening
lower whole day markets was trading range bound.
The indices closed at lower side. On Thursday,
Nifty positive zone briefly at the outset, slipped into
the red and touched a low of 7766.80 before
winding up 103.35 points or 1.32%, and Nifty
closed with a loss of 87 points at 7783. On Friday
It gets worse for the stock market. Nifty ended
below the 200-DMA however, just managed to
close at the 7750 level. After opening on a flat note,
nifty were stuck in a narrow trading range
throughout the day. However, the nifty fell sharply
at the fag end of the day as selling pressure
accentuated. The Nifty50 opened the week at
7831.20, made a high of 7940.10, low of 7735.75
and closed the week at 7749.70. Thus the Nifty
closed the week with a losing of -111.05 points or 1.41%

Formations

The 20 days EMA are placed at

7813.47
The 5 days EMA are placed at
7808.39

www.zoidresearch.com

Future Outlook:
The Nifty daily chart is bearish; we advised
to sell Nifty future around 7750 target
7600. The Nifty future buying pressure
above 7900 and upside target will be 8000.
Nifty upside weekly Resistance is 78808000 level. On the downside strong
support at 7676-7600
ZOID RESEARCH TEAM

WEEKLY TECHNICAL REPORT

23 MAY TO 27 MAY 16

Weekly Pivot Levels for Nifty 50 Stocks

Script Symbol
NIFTY 50

Resistance2

BAJAJ-AUTO

2582.67
22389.85
19640.22
3004.53
1374.03
4070.28
286.03
402.68

BOSCHLTD
EICHERMOT
HEROMOTOCO
M&M
MARUTI
TATAMTRDVR
TATAMOTORS

8013

Resistance1

Pivot

Support 1

Support 2

7677

7604

2405.33
20509.70
17850.43
2851.17
1270.47
3843.67
256.82
378.47

2357.67
19969.85
17420.22
2805.63
1247.83
3742.38
250.53
372.48

1366.40
204.60

1339.35
200.35

4167.83
3080.20

4128.92
3026.40

1233.40

1211.70

943.33
795.58
318.73

930.67
778.77
307.12

904.67
365.03
133.00
203.63

888.83
358.52
129.10
194.17

144.47
949.55

142.93
916.00

141.07
897.80

67.97

66.53

476.73
129.70

462.87
124.35

7881
7809
AUTOMOBILE
2517.83
2470.17
21719.70
21179.85
18960.43
18530.22
2950.62
2905.08
1333.57
1310.93
4007.62
3906.33
274.57
268.28
393.57
387.58
CEMENT & CEMENT PRODUCTS
1444.25
1417.20
216.05
211.80

ACC
AMBUJACEM
GRASIM
ULTRACEMCO

1495.05
223.25

LT

1333.90

ASIANPAINT
HINDUNILVR
ITC

984.67
867.17
350.32

BPCL
GAIL
NTPC
ONGC

973.93
394.52
145.50
224.77

4277.83
4238.92
3228.65
3174.85
CONSTRUCTION
1294.50
1272.80
CONSUMER GOODS
970.33
957.67
839.78
822.97
340.33
328.72
ENERGY
947.22
931.38
383.03
376.52
141.20
137.30
218.93
209.47

POWERGRID
RELIANCE
TATAPOWER

147.87
1001.30

146.33
967.75

AXISBANK

519.37
155.35

70.87
69.43
FINANCIAL SERVICES
504.98
491.12
145.20
139.85

1184.97
1259.52

1162.93
1219.53

1147.22
1190.02

1125.18
1150.03

1109.47
1120.52

232.90
1117.85

226.50
1094.15

222.10
1076.10

215.70
1052.40

211.30
1034.35

733.88

718.02

709.13

693.27

684.38

190.08
1028.90

180.72
1003.30

175.63
974.25

166.27
948.65

161.18
919.60

BANKBARODA
HDFCBANK
HDFC
ICICIBANK
INDUSINDBK
KOTAKBANK
SBIN
YESBANK
www.zoidresearch.com

4348.92
3323.30

72.33

ZOID RESEARCH TEAM

WEEKLY TECHNICAL REPORT

23 MAY TO 27 MAY 16

BHEL

126.83

HCLTECH
INFY

WIPRO

760.92
1236.27
2616.43
501.92
555.07

ZEEL

469.90

COALINDIA
HINDALCO

288.03

TCS
TECHM

TATASTEEL

INDUSTRIAL MANUFACTURING
123.07
120.53
IT
748.78
732.47
1218.93
1208.42
2572.87
2547.68
488.88
481.87
549.23
542.12
MEDIA & ENTERTAINMENT
452.15
441.20
METALS
283.52
280.78

93.05
344.48

90.00
333.57

116.77

114.23

720.33
1191.08
2504.12
468.83
536.28

704.02
1180.57
2478.93
461.82
529.17

423.45

412.50

276.27

273.53

88.15
326.48

85.10
315.57

83.25
308.48

179.95

167.70

157.45

777.03
514.05
3003.37
1588.37
794.65

754.57
494.25
2957.23
1487.73
786.70

739.03
481.40
2880.67
1470.67
782.05

346.75
381.02
110.18

334.50
370.13
105.72

327.05
362.72
102.28

SERVICES
ADANIPORTS

202.45

190.20

AUROPHARMA
CIPLA

815.03
546.70
3126.07
1706.07
807.25

792.57
526.90
3079.93
1605.43
799.30

366.45
399.32
118.08

354.20
388.43
113.62

PHARMA

DRREDDY
LUPIN
SUNPHARMA

TELECOM
BHARTIARTL
INFRATEL
IDEA

Weekly Top gainers stocks

Script Symbol
Previous Close
ONGC
203.75
DR.REDDY
2917.20
ITC
319.35
YESBANK
950.55
MARUTI
3846.25

Current Price
213.10
3033.80
330.35
977.70
3944.95

% Change
4.59%
4.00%
3.44%
2.86%
2.57%

In Points
9.35
116.60
11.00
27.15
98.70

Weekly Top losers stocks

Script Symbol
Previous Close
BANKBARODA
155.10
SBIN
184.85
ADANIPORT
188.55
LUPIN
1588.70
CIPLA
231.70

Current Price
135.05
171.35
177.95
1504.80
507.10

% Change
-12.93%
-7.30%
-5.62%
-5.28%
-4.63%

In Points
-20.05
-13.50
-10.60
-83.90
-24.60

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ZOID RESEARCH TEAM

WEEKLY TECHNICAL REPORT

23 MAY TO 27 MAY 16
Weekly FIIS Statistics*
DATE

Buy Value

Sell Value

Net Value

20/MAY/2016

2997.75

3741.61

-743.86

19/MAY/2016

4205.43

4970.01

-764.58

18/MAY/2016

3809.48

4060.18

-250.70

17/MAY/2016

4200.83

4425.80

-224.97

16/MAY/2016

3888.85

3968.69

-79.84

DATE

Buy Value

Sell Value

Net Value

20/MAY/2016

1683.31

1085.82

597.49

19/MAY/2016

2725.61

1241.96

1483.65

18/MAY/2016

1619.99

1380.08

239.91

17/MAY/2016

1923.12

1538.45

384.67

16/MAY/2016

1480.40

1608.31

-127.91

Weekly DIIS Statistics*

MOST ACTIVE NIFTY CALLS & PUTS

EXPIRY DATE

TYPE

STRIKE PRICE

VOLUME

OPEN INTEREST

26/MAY/2016

CE

7900

495922

8039775

26/MAY/2016

CE

7800

478391

5075400

26/MAY/2016

CE

8000

385126

9472500

26/MAY/2016

PE

7800

427241

4848450

26/MAY/2016

PE

7700

404292

5200425

26/MAY/2016

PE

7600

259801

3993750

MOST ACTIVE BANK NIFTY CALLS & PUTS

EXPIRY DATE

TYPE

STRIKE PRICE

VOLUME

OPEN INTEREST

26/MAY/2016

CE

17000

104842

813570

26/MAY/2016

CE

16500

39547

361590

26/MAY/2016

CE

16800

34014

257160

26/MAY/2016

PE

16500

74924

389040

26/MAY/2016

PE

16000

65320

675990

26/MAY/2016

PE

16400

20268

84300

www.zoidresearch.com

ZOID RESEARCH TEAM

WEEKLY TECHNICAL REPORT

23 MAY TO 27 MAY 16
Weekly Recommendations:
DATE

SYMBOL

STRATEGY

ENTRY

TARGET

STATUS

21 MAY 16

VOLTAS

BUY ABOVE

332

345-360

14 MAY 16

CESC

BUY ON DEEP

542-540

562-585

7 MAY 16

TITAN

BUY ON DEEP

360-362

375-395

30 APR 16

GLENMARK

BUY ON DEEP

828-825

862-900

22 APR 16

PFC

BUY ON DEEP

175-173

182-190

14 APR 16

RCOM

BUY ON DEEP

52.75-52.50

55-58

9 APR 16

AJANTPHARM

BUY ON DEEP

1460

1520-1580

2 APR 16

TATAMOTORS

BUY ON DEEP

378-380

395-412

26 MAR 16

BATAINDIA

BUY ON DEEP

500-498

520-550

19 MAR 16

DLF

BUY ABOVE

108.5

114-120

12 MAR 16

TATAMOTORS

BUY ON DEEP

348-350

365-380

5 MAR 16

SBIN

BUY ON DEEP

180-178

187-199

27 FEB 16

CROMPGREAV

BUY ABOVE

130

136-145

20 FEB 16

ADANIPORT

BUY ON DEEP

210-208

219-222

1ST TARGET
ACHIEVED
1ST TARGET
ACHIEVED
1ST TARGET
ACHIEVED
1ST TARGET
ACHIEVED
2ND TARGET
AT 57.85
BP AT 1500
1ST TARGET
ACHIEVED
1ST TARGET
ACHIEVED
ALL TARGET
ACHIEVED
ALL TARGET
ACHIEVED
1ST TARGET
ACHIEVED
ALL TARGET
ACHIEVED
ALL TARGET
ACHIEVED

* FII & DII trading activity on NSE, BSE, and MCXSX in Capital Market Segment (in Rs. Crores)
DISCLAIMER
Stock trading involves high risk and one can lose Substantial amount of money. The recommendations made herein do
not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made
that recommendations contained herein will be profitable or they will not result in losses. Readers using the
information contained herein are solely responsible for their actions. The information is obtained from sources deemed
to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on
technical analysis only. NOTE WE HAVE NO HOLDINGS IN ANY OF STOCKS RECOMMENDED ABOVE

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