Eagle Eye Equities

July 23, 2019

Index
Punter’s Call
Looking Trendy
Nifty Day Trader
Smart Charts
Momentum Swing
CTFT (Carry Today For Tomorrow)
Bank Nifty
Bank Nifty Day Trader
Day Trader’s Hit List

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Sharekhan Eagle Eye Equities

Punter’s Call
Southward journey continues

July 22, 2019 Nifty daily: 11346.20

The Nifty saw the bearish momentum continuing for

the third consecutive week on July 22. The bears
maintained upper hand, post a gap-down opening
and dragged the Nifty down to its initial target area of
11330-11300. The range also acted as a key support
zone for the day. Until the index holds 11300, it can
consolidate near 11400-11300 before declining further.
Overall, the index is expected to test 11200, which
is the equality with the first leg of the July decline.
Traders can continue to ride their short positions and
trail the stop-loss on the way down. Fresh shorts can
be added below 11300. On the other hand, as per the
principle of role reversal, 11460-11500 will now act as
a resistance zone for any minor degree bounce. 60-minute

Other technical observations

On the daily chart, the Nifty is below the 20-day
moving average (DMA) and the 40-DEMA of 11688
and 11672, 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. 11480
and 11515, respectively. The hourly momentum
indicator is bullish mode. Market breadth was
negative with 557 advances and 1192 declines on the
National Stock Exchange (NSE).

Market breadth
BSE NSE
Todays Close 38031.13 11346.20
Advances 827 557
Decline 1698 1192
Unchanged 155 354
Volume (Rs.) 2022.14 32142.79

July 23, 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
á
Nifty 11200 11707 11200 / 11707 Nifty 12220 á 11107 11107 / 12220

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

Icon guide
á
á

á á
Up Down Sideways Downswing matures Upswing matures

Nifty Day Trader

Support Resistance
11301 11446
11264 11516
11126 11582
20 DSMA 40 DEMA
11688 11672

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
22-Jul-19 Icici Pru Aug Fut Sell 393.00 372.80 375.65 -0.76% 350.00 336.00
18-Jul-19 IDFC First Bank Aug Fut Sell 43.40 41.30 40.05 3.03% 37.80 36.70
18-Jul-19 Hindalco Aug Fut Sell 210.00 200.10 202.70 -1.30% 184.00 176.00
18-Jul-19 REC Ltd Aug Fut Sell Booked Profit 150.20 143.00 4.79% 143.00 135.00
12-Jul-19 Bank Of Baroda July Fut Sell Booked Profit 125.90 117.75 6.47% 114.40 108.00
5-Jul-19 Cummins Ind July Fut Sell Exit 734.95 727.95 0.95% 664.00 617.00
26-Jun-19 Tata Chemical July Fut Sell Booked Profit 620.05 595.95 3.89% 552.00 514.00
NOTE: Kindly note that all stop losses in Smart Charts are on closing basis unless specified.
TPB: Trailing profit booked

Momentum Swing
Poten-
Call
Action Stop Loss/ Buy Price/ tial% P/L
Scrip Name Action Closing Target 1 Target 2
Date Reversal Sell Price at Exit/
Price/CMP
Current
22-Jul-19 UPL July Fut Sell 650.00 637.40 640.25 -0.45% 623.00 610.00
19-Jul-19 Apollo Hospital Aug Fut Sell Exit 1,380.45 1,365.15 1.11% 1,331.00 1,299.00
19-Jul-19 SBI July Fut Sell Exit 356.65 355.75 0.25% 350.50 345.00
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

July 23, 2019 3

Sharekhan Eagle Eye Equities

CTFT (Carry Today For Tomorrow)

Closing Potential
Stop Loss/ Reco
Action date Scrip Name Action Segments Price/ P/L at Target 1 Target 2
Reversal Price
CMP CMP (%)
Booked
19-Jul-19 Escorts Aug Fut Sell Fut 507.50 500.50 1.38% 495.00 487.00
Profit
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

July 23, 2019 4

Sharekhan Eagle Eye Equities

Bank Nifty
Short Term Trend Medium Term Trend
Support / Support /
Index Target Trend Reversal Index Target Trend Reversal
Resistance Resistance
á
Bank Nifty 28850 30871 28850 / 30871 Bank Nifty 32300 á 28520 28520 / 32300

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 Day Trader Bank Nifty Daily

Support Resistance

28931 29457

28874 29635

28525 29941

20 DSMA 40 DEMA

30781 30563

July 23, 2019 5

Sharekhan Eagle Eye Equities

Day Trader’s Hit List

For July 23, 2019
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
NIFTY Futures 11232.0 11311.0 11351.2 11407.0 11445.0 Sell Below S1

Bank Nifty Futures 28931.0 29194.0 29275.3 29456.0 29635.0 Sell Below S1

Axis Bank 710.0 720.0 728.00 738.0 746.8 Sell Below S1

Bajaj Finance 3164.0 3190.0 3256.50 3288.0 3316.0 Sell Below S1

BHEL 61.4 63.0 64.0 64.5 65.1 Sell Below S1

BPCL 345.0 350.0 353.50 355.4 359.0 Sell Below S1

HDFC 2142.0 2172.0 2182.50 2198.0 2213.0 Sell Below S1

HDFC Bank 2264.3 2281.0 2303.45 2312.0 2323.0 Sell Below S1

Hindustan Unilever 1659.0 1668.0 1684.85 1700.8 1724.0 Sell Below S1

INFOSYS 776.0 781.0 784.30 794.5 810.0 Buy Above R1/ Sell Below S1

ICICI Bank 404.0 408.5 411.6 415.0 418.0 Sell Below S1

LIC Housing 503.0 507.2 511.2 516.0 523.0 Sell Below S1

LNT 1379.0 1394.0 1401.7 1419.0 1426.0 Sell Below S1

Reliance Industries 1250.0 1262.0 1278.1 1284.0 1297.0 Buy Above R1/ Sell Below S1

SBI 346.1 348.7 351.2 353.5 359.0 Sell Below S1

SunPharma 419 426 430.0 434 443 Buy Above R1

Tata Motors 153.0 155.0 156.7 159.0 161.0 Sell Below S1

Tata Steel 451.0 459.0 465.0 467.3 480.0 Buy Above R1/ Sell Below S1

TCS 2068.0 2100.0 2107.0 2117.0 2132.0 Buy Above R1/ Sell Below S1

Yes Bank 82.0 87.8 91.1 92.5 97.5 Buy Above R1/ Sell Below S1

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

July 23, 2019 6

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