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WEEKLY TECHNICAL REPORT

for

01 OCT. to 05 OCT. 2018

EQUITY
TECHNICAL
REPORT
WEEKLY

[ 01 OCT to 05 OCT 2018]

ZOID
RESEARCH
TEAM

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WEEKLY TECHNICAL REPORT
for

01 OCT. to 05 OCT. 2018

NIFTY (SPOT) @ 10930

Nifty was opened at the level of 11164.40 during starting of the week as followed by bearish
trend. Nifty spot still trading below 10 EMA in weekly chart and showing a almost black
crows technical pattern. In the last five days of trading sessions somehow Nifty spot has
been traded in a consolidation range b/w 11160-10850 with lots of zigzag and still closing
below 10 EMA and 200 EMA in daily chart. Nifty spot has completed 50% on Fibonacci and
may take a short support from the same level. If falling further then we can expect Nifty
spot to be kissing the level of 10650-10350 in further expiry.

TREND DECIDER THIS WEEK 10983

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WEEKLY TECHNICAL REPORT
for

01 OCT. to 05 OCT. 2018

BANK @ 25119
Nifty Bank was opened with covering spike shadow of previous week’s candle and could not
able to survive on positive note. Banking sector imposing heavy Supply and traded below
10 EMA and 200 EMA during the weekly trading session. In the last four trading session
Bank nifty has framed Evening star technical pattern and finally close with Dojji candle
which is quite positive sign for some recovery in Bank Nifty. If bank nifty surging on n Bull
side then can pull back up to for the level of 25700 which is 10 EMA level in daily chart.
Bank nifty has already completed 78.6% in Fibonacci and taking some small support from
the same level

TREND DECIDER THIS WEEK 25148

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WEEKLY TECHNICAL REPORT
for

01 OCT. to 05 OCT. 2018

SCRIPT NAME:- ACC 1552.80 ACTION:- SELL STRATEGY :- SELL ON RISE STOPLOSS :- 1630 ABOVE

CANDELSTICK CHART :- ACC

S2 1431 S1 1492 PIVOT 1560 R1 - 1621 R2 - 1689

JUSTIFICATION

ACC industries had been framed a rally base drop pattern in weekly chart also share trading below 50 days
moving average as per pattern we have recommended sell on rise with target 1492 to 1458 and strong
resistance level is 1621 .

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WEEKLY TECHNICAL REPORT
for

01 OCT. to 05 OCT. 2018

SCRIPT NAME:- HDFCBANK CMP :- 2012.10 ACTION:- BUY STRATEGY :- BUY ON DIPS STOPLOSS :-1944 BELOW

CANDELSTICK CHART : HDFCBANK

S2 1876.83 S1 1944.46 PIVOT 1984.48 R1 -2052 R2 -2092

JUSTIFICATION

HDFC BANK taking support of 50 days moving average in weekly chart and made a bullish big
white candle we have recommend buy on dips strategy with target 2052 to 2092 and strong
support level 1944

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WEEKLY TECHNICAL REPORT
for

01 OCT. to 05 OCT. 2018

SCRIPT NAME:- BHARTIARITL CMP:338.55 ACTION:- Sell STRATEGY :- Sell on rise STOPLOSS :- 362 ABOVE

CANDELSTICK CHART :- BHARTIARITL

S2 -311 S1 325 PIVOT 349 R1 - 363 R2 - 387

JUSTIFICATION

BHARTIAIRTL in this week facing huge selling pressure, this week it given close around 338.55 near
to weekly close, sell on rise strategy don’t hurry for buy, sell on rise for intraday basis, best selling
levels around 347-348 and according to weekly chart it has strong resistance around 360-362 when
it close above these levels then some upside move possible, otherwise downside it will be go for 325-
315 also watch out.

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WEEKLY TECHNICAL REPORT
for

01 OCT. to 05 OCT. 2018

SCRIPT NAME:- DLF (CASH) CMP :- 162.55 ACTION:-Sell STRATEGY :- Sell on rise STOPLOSS :-185+

CANDELSTICK CHART : DLF

S2 134 S1 148 PIVOT 174 R1 -188 R2 -214

JUSTIFICATION

DLF in weekly chart continue facing selling pressure, this week is given close around 162.55, sell on
rise strategy don’t go for buy side if it close below 200 DMA levels then major downfall we will see in
upcoming sessions upside it has strong resistance around 185, and best selling levels around 170-
175 on weekly basis watch out.

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WEEKLY TECHNICAL REPORT
for

01 OCT. to 05 OCT. 2018

WEEKLY RECOMMENDATIONS:

DATE NAME CMP STRATERGY CALL TYPE

01.10.2018 SAIL CASH 68.25 SELL ON RISE AROUND INTRADAY


70-70.5 STOP LOSS 73 ONLY
DOWNSIDE IT WILL BE
TEST 66-64
01.10.2018 BANK OF 99.5 SELL ON RISE AROUND INTRADAY
BARODA CASH 101-101.5 STOP LOSS ONLY
105 ABOVE TGT 96-93
01.10.2018 ACC FUT. 1552 SELL ON RISE AROUND WEEKLY
1560 STOP LOSS 1628 BASIS.
TARGET 1492-1450
01.10 HDFC BANK 2012.10 BUY ON DECLINE WEEKLY
FUT. AROUND 1992-1993 STOP BASIS.
LOSS 1944 BELOW
TARGET AROUND 2052-
2092+

WEEKLY OPTION RECOMMENDATIONS:

DATE NAME CE/PE STRATERGY CALL TYPE

01 OCT NIFTY PUT BUY ABOVE 130 FOR 190 PE 10800


2018

01 OCT BANK NIFTY PUT BUY ABOVE 210 FOR 400 PE 25000
2018
01 OCT YESBANK PUT BUY ABOVE 21 FOR 30 PE 180
2018
01 OCT TATASTEEL CALL BUY ABOVE13.10 FOR 25 CE 620
2018
01 OCT RELIANCE CALL BUY ABOVE 25.50 FOR CE 1300
2018 40

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WEEKLY TECHNICAL REPORT
for

01 OCT. to 05 OCT. 2018

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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