Eagle Eye Equities

November 18, 2019

Index
Punter’s Call
Looking Trendy
Nifty Trader
Smart Charts
Momentum Swing
Bank Nifty
Bank Nifty Trader
Day Trader’s Hit List

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Sharekhan Eagle Eye Equities

Punter’s Call
Pressure persists

November 15, 2019 Nifty daily: 11895.45

The Nifty opened gap-up and inched higher

subsequently towards the 12000 mark. The bears
however kept the index below the key psychological
mark and forced the bulls to surrender in the second
half of the session. Consequently, we witnessed a
sharp reversal in the sentiments towards the end of
the session as the Nifty closed towards the low for
the day. For the week gone by, the Nifty posted a
negative close with a Doji formation on the weekly
chart, which suggests indecision in the minds of the
market participants. The daily chart shows that the
60-minute
price activity over the last few sessions is unfolding as
a complex correction, as per the Elliott Wave Theory.
So the Nifty is still in minor degree correction phase
and can slide towards 11700-11600 in the next week.
On the other hand, 12000-12034 will continue to act
as a key resistance zone.

Other technical observations

On the daily chart, the Nifty is above the 20-day

moving average (DMA) and the 40-DEMA, of 11795
and 11611, respectively. The momentum indicator is
bearish on the daily chart.

On the hourly chart, the Nifty is between the 20- Market breadth
hour moving average (HMA) and the 40-HEMA, i.e. BSE NSE
11886 and 11902 respectively. The hourly momentum Todays Close 40,356.69 11,895.45
indicator is in bullish mode. The market breadth was Advances 1,137 834
negative with 834 advances and 985 declines on the Decline 1,461 985
Unchanged 166 323
National Stock Exchange.
Volume (Rs.) 2,534.65 cr 39,087.02 cr

November 18, 2019 2

Sharekhan Eagle Eye Equities

Looking Trendy
Short Term Trend Medium Term Trend
Support / Support /
Index Target Trend Reversal Index Target Trend Reversal
Resistance Resistance

Nifty 12103 á 11490 11490 / 12103 Nifty 12270 á 11090 11090 / 12270

NOTE: Reversal on closing basis NOTE: Reversal on closing basis

Icon guide
á
á

á á
Up Down Sideways Downswing matures Upswing matures

Nifty Trader
Support Resistance
11802 11974
11762 12034
11698 12103
20 DSMA 40 DEMA
11795 11611

Smart Charts
Stop Loss Potential %
Buy Price/ Call Closing
Date Scrip Name Action (On closing P/L at Exit/ Target 1 Target 2
Sell Price Price/ CMP
Basis ) Current
14-Nov-19 Escorts Nov Fut Sell 676.00 648.00 660.00 -1.85% 608.00 580.00
13-Nov-19 Havells Nov Fut Sell 719.00 680.90 671.60 1.37% 635.00 604.00
NOTE: Kindly note that all stop losses in Smart Charts are on closing basis unless specified.
TPB: Trailing profit booked

Momentum Swing
Potential %
Action Stop Loss/ Buy Price/ Call Closing
Scrip Name Action P/L at Exit/ Target 1 Target 2
Date Reversal Sell Price Price/CMP
Current
15-Nov-19 Mothersumi Nov Fut Sell 138.80 136.30 135.30 0.73% 127.00 123.00
13-Nov-19 Tata Chemical Nov Fut Sell Trail Stop Out 634.25 641.60 -1.16% 618.00 603.00
NOTE: Kindly note that all stop losses in Momentum swing are on an intra-day basis.
TPB: Trailing profit booked
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

November 18, 2019 3

Sharekhan Eagle Eye Equities

Bank Nifty
Short Term Trend Medium Term Trend
Support / Support /
Index Target Trend Reversal Index Target Trend Reversal
Resistance Resistance

Bank Nifty 31370 á 29200 29200 / 31370 Bank Nifty 31783 á 27560 27560 / 31783

NOTE: Reversal on closing basis NOTE: Reversal on closing basis

Icon guide
á
á
á á
Up Down Sideways Downswing matures Upswing matures

Bank Nifty Trader Bank Nifty Daily

Support Resistance

30860 31205

30769 31370

30338 31500

20 DSMA 40 DEMA

30061 29580

Key Indices
Particulars Target Trend Reversal Support / Resistance

Nifty Auto 9050 á 7840 7840 / 9050

Nifty FMCG 33167 á 30750 30750 / 33167

Nifty Fin. Service 14365 á 13655 13655 / 14365

Nifty IT 16200 á 15170 15170 / 16200

Nifty Metal 2712 á 2404 2404 / 2712

Nifty Pharma 8030 á 7350 7350 / 8030

Nifty Mid Cap 100 17000 á 16000 16000 / 17000

Nifty Small Cap 100 5910 á 5500 5500 / 5910

November 18, 2019 4

Sharekhan Eagle Eye Equities

Day Trader’s Hit List

For November 18, 2019
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
NIFTY Oct Futures 11825.0 11910.0 11940.0 12008.0 12069.0 Sell Below S1

Bank Nifty Oct Futures 30562.0 30940.0 31070.0 31185.0 31387.0 Sell Below S1

Axis Bank 703.0 710.6 715.70 723.5 732.0 Buy Above R1/ Sell Below S1

Bajaj Finance 4103.0 4175.6 4190.70 4212.0 4280.0 Sell Below S1

HDFC 2190.0 2215.0 2226.00 2238.0 2259.0 Sell Below S1

HDFC Bank 1258.0 1271.0 1279.00 1285.0 1300.0 Buy on dips near S1

Hindustan Unilever 2006.3 2050.6 2058.00 2067.4 2099.0 Sell Below S1

INFOSYS 691.0 701.3 704.60 709.8 720.0 Sell Below S1

ICICI Bank 489.0 496.0 498.9 502.6 509.7 Buy Above R1/ Sell Below S1

ITC 245.0 249.5 250.65 252.0 255.0 Sell Below S1

Kotak Bank 1594.0 1615.0 1624.7 1629.0 1645.0 Buy Above R1

LNT 1355.0 1370.0 1376.5 1386.0 1400.0 Sell Below S1

Maruti 7022.0 7106.0 7140.0 7180.0 7360.0 Sell Below S1

Reliance Industries 1422.5 1453.8 1466.5 1476.0 1487.0 Sell Below S1

SBI 314 320.5 323.0 325.0 330.0 Buy Above R1

SunPharma 410.2 413.6 416.0 418.9 424 Buy Above R1/ Sell Below S1

Tata Steel 385.7 390.6 393.5 398.7 403.0 Sell Below S1

TCS 2125.0 2153.7 2171.5 2188.0 2212.0 Sell Below S1

Titan 1137.6 1156.0 1160.0 1175.0 1191.0 Sell Below S1

Zeel 283.1 287.5 293.1 295.7 302.0 Buy Above R1

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

November 18, 2019 5

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