Eagle Eye Equities

March 02, 2020

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
A Free fall

February 28, 2020 Nifty daily: 11201.75

The Nifty had a huge fall in the week gone by,

resulting in a large bearish Belt Hold candle on the
weekly chart. On February 28, the Nifty opened with
a significant gap on the downside and witnessed
follow-through selling as well across the board,
pushing all the key sector indices towards south. The
Nifty broke several supports on the way down & was
just short of our target of 11170. Going ahead, 11100-
11000 is the crucial support area to watch out for,
which encompasses multiple Technical parameters.
The level of 11000 holds significance from longer
60-minute
term perspective and will decide the larger trend for
the benchmark index.
Other technical observations
On the daily chart, the Nifty is below the 20-day
moving average (DMA) and the 40-DEMA, i.e. 11935
and 11980, respectively. The momentum indicator is
bearish on the daily chart.
On the hourly chart, the Nifty is below the 20-hour
moving average (HMA) and the 40-HEMA, i.e. 11519
and 11652, respectively. The hourly momentum
indicator is bearish. The market breadth was negative
with 252 advances and 1566 declines on the National
Stock Exchange. Market breadth
BSE NSE
Todays Close 38297.29 11201.75
Advances 388 252
Decline 2054 1566
Unchanged 144 316
Volume (Rs.) 8,158.05 cr 57,349.61 cr

March 02, 2020 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 11170 â 11615 11170 / 11615 Nifty 12430 á 11000 11000 / 12430

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
11090 11318
11021 11385
10900 11519
20 DSMA 40 DEMA
11935 11980

Smart Charts
Stop Loss Call Potential %
Buy Price/
Date Scrip Name Action (On closing Closing P/L at Exit/ Target 1 Target 2
Sell Price
Basis) Price/ CMP Current
28-Feb-20 ICICI PRU March Fut Sell 489.50 471.55 467.55 0.85% 438.00 410.00
27-Feb-20 Ramco Cem March Fut Sell 802.00 770.90 759.00 1.54% 730.00 697.00
25-Feb-20 Indigo March Fut Sell Booked Profit 1412.75 1319.95 6.57% 1344.00 1255.00
24-Feb-20 Chola Fin March Fut Sell Booked Profit 324.25 307.00 5.32% 302.00 296.00
NOTE: Kindly note that all stop losses in Smart Charts are on closing basis unless specified.
TPB: Trailing profit booked

Momentum Swing
Call Potential %
Action Stop Loss/ Buy Price/
Scrip Name Action Closing P/L at Exit/ Target 1 Target 2
Date Reversal Sell Price
Price/CMP Current
26-Feb-20 Bajaj Finance March Fut Sell Booked Profit 4791.10 4620.00 3.57% 4710.00 4620.00
26-Feb-20 Zee Ltd March Fut Sell Booked Profit 248.55 239.00 3.84% 242.00 235.00
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

March 02, 2020 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 28000 â 30680 28000 / 30680 Bank Nifty 32613 á 27568 27568 / 32613

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

29000 29450

28871 29613

28305 29875

20 DSMA 40 DEMA

30678 30879

Key Indices
Particulars Target Trend Reversal Support / Resistance

Nifty Auto 6730 â 7300 6730 / 7300

Nifty Fin. Service 13280 â 14000 13280 / 14000

Nifty FMCG 28500 â 30000 28500 / 30000

Nifty IT 14800 â 16000 14800 / 16000

Nifty Metal 2174 â 2400 2174 / 2400

Nifty Pharma 7360 â 7900 7360 / 7900

Nifty Mid Cap 100 16320 â 17400 16320 / 17400

Nifty Small Cap 100 5555 â 5850 5555 / 5850

March 02, 2020 4

Sharekhan Eagle Eye Equities

Day Trader’s Hit List

For March 02, 2020
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
NIFTY Mar Futures 11000.0 11100.0 11158.0 11270.0 11400.0 Sell Below S1

Bank Nifty Mar Futures 28530.0 28900.0 29091.0 29358.0 29530.0 Sell Below S1

Axis Bank 675.0 691.0 701.0 709.0 717.0 Sell Below S1

Bajaj Finance 4310.0 4407.0 4500.0 4560.0 4700.0 Buy Above R1/ Sell Below S1

HDFC 2070.0 2162.3 2185.0 2209.0 2245.0 Sell Below S1

HDFC Bank 1158.0 1170.1 1178.8 1189.0 1202.0 Sell Below S1

Hindustan Unilever 2110.0 2155.0 2182.0 2208.0 2235.0 Sell Below S1

INFOSYS 708.0 722.1 732.0 740.0 752.3 Sell Below S1

ICICI Bank 475.5 492.2 499.0 504.9 512.0 Sell Below S1

ITC 192.0 195.2 196.8 199.2 202.0 Sell Below S1

Kotak Bank 1587.0 1613.8 1620.0 1637.0 1660.0 Sell Below S1

LT 1162.0 1175.1 1191.1 1196.5 1220.0 Buy Above R1/ Sell Below S1

Maruti 6155.0 6240.0 6297.0 6332.0 6400.0 Buy Above R1/ Sell Below S1

Reliance Industries 1289.0 1320.0 1326.1 1340.0 1358.0 Sell Below S1

SBI 295.0 300.5 304.8 310.0 317.8 Sell Below S1

SunPharma 358 369.5 373.2 379 385.5 Buy Above R1/ Sell Below S1

Tata Steel 360.0 375.0 381.0 388.0 395.0 Sell Below S1

TCS 1970.0 1990.0 2010.0 2036.0 2055.0 Sell Below S1

Titan 1215.0 1235.7 1254.8 1270.7 1286.0 Sell Below S1

Zeel 225.3 232.6 238.4 244.7 252.0 Buy Above R1/ Sell Below S1

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

March 02, 2020 5

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