Eagle Eye Equities

July 18, 2019

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

Visit us at www.sharekhan.com

For Private Circulation only

Sharekhan Eagle Eye Equities

Punter’s Call
Keep an eye

July 17, 2019 Nifty daily: 11,687.5

The pullback in the Nifty got stretched a bit further

on Wednesday. The index went on to test the upper
end of a rising channel on the hourly chart. The index
also tested the 40 day exponential moving average
on the upside, which acted as a cap for the day. In
terms of the Fibonacci retracement, the Nifty has
retraced nearly 50% of the post budget decline.
Hence, the pullback is likely to subside near 11700-
11720, which would result in a fresh move down. On
the downside, the junction of the recent low & the
daily lower Bollinger Band i.e. 11461-11450 will be the
initial target area to watch out for. The broader market
indices did not participate in the pullback and are
likely to underperform going ahead as well. 60-minute

Other technical observations

On the daily chart, the Nifty is below the 20-day
moving average (DMA) and the 40-DEMA, i.e. 11733
and 11709 respectively. The momentum indicator is in
bullish mode on the daily chart.
On the hourly chart, the Nifty is above the 20-hour
moving average (HMA) and the 40-HEMA, i.e. 11630
and 11634 respectively. The hourly momentum
indicator is in bearish mode. The market breadth was
negative with 849 advances and 897 declines on the
National Stock Exchange.

Market breadth
BSE NSE
Todays Close 39,215.64 11,687.5
Advances 1,125 849
Decline 1,356 897
Unchanged 169 352
Volume (Rs.) 1,999.15 cr 33,058.78 cr

July 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
á
Nifty 11200 12104 11200 / 12104 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
11614 11733
11532 11772
11461 11821
20 DSMA 40 DEMA
11733 11709

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
12-Jul-19 Bank Of Baroda July Fut Sell 133.30 125.90 127.85 -1.55% 114.40 108.00
5-Jul-19 Cummins Ind July Fut Sell 776.00 734.95 748.05 -1.78% 664.00 617.00
5-Jul-19 ACC July Fut Sell 1625.00 1555.80 1600.95 -2.90% 1480.00 1405.00
26-Jun-19 Tata Chemical July Fut Sell 638.00 620.05 610.40 1.56% 552.00 514.00
NOTE: Kindly note that all stop losses in Smart Charts are on closing basis unless specified.
TPB: Trailing profit booked

July 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
á
Bank Nifty 28850 31784 28850 / 31784 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

30565 30871

30334 31004

30115 31159

20 DSMA 40 DEMA

30909 30686

July 18, 2019 4

Sharekhan Eagle Eye Equities

Day Trader’s Hit List

For July 18, 2019
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
NIFTY Futures 11530.0 11648.0 11678.3 11694.0 11746.0 Buy Above R1/ Sell Below S1

Bank Nifty Futures 30323.0 30643.0 30758.9 30849.0 30952.0 Sell Below S1

Axis Bank 741.0 750.0 754.00 757.0 762.0 Sell Below S1

Bajaj Finance 3335.0 3440.0 3462.95 3482.0 3570.0 Buy Above R1/ Sell Below S1

BHEL 62.1 63.9 64.1 65.1 65.3 Sell Below S1

BPCL 339.0 350.0 352.80 355.0 359.0 Sell Below S1

HDFC 2266.0 2280.0 2287.00 2300.0 2327.0 Buy Above R1

HDFC Bank 2357.0 2384.0 2401.90 2418.0 2433.0 Sell Below S1

Hindustan Unilever 1736.0 1741.0 1760.75 1766.0 1785.0 Buy Above R1

INFOSYS 776.0 789.0 794.40 796.0 810.0 Buy Above R1

ICICI Bank 413.0 421.0 424.4 427.0 430.0 Sell Below S1

LIC Housing 531.0 546.0 550.0 554.0 560.0 Buy Above R1/ Sell Below S1

LNT 1427.0 1443.0 1455.6 1471.0 1497.0 Buy Above R1/ Sell Below S1

Reliance Industries 1253.0 1277.0 1280.5 1287.0 1293.0 Sell Below S1

SBI 366.0 368.0 373.0 374.0 383.0 Buy Above R1

SunPharma 418 428 429.7 436 452 Buy Above R1

Tata Motors 161.0 166.3 168.1 172.4 177.0 Buy Above R1/ Sell Below S1

TISCO 463.0 468.5 475.7 479.8 487.0 Buy Above R1/ Sell Below S1

TCS 2066.0 2092.0 2111.8 2125.0 2153.0 Buy Above R1/ Sell Below S1

Yes Bank 92.5 97.0 98.4 101.3 106.0 Buy Above R1/ Sell Below S1

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

July 18, 2019 5

 Know more about our products and services

For Private Circulation only

Disclaimer: This document has been prepared by Sharekhan Ltd. (SHAREKHAN) and is intended for use only by the person or entity
to which it is addressed to. This Document may contain confidential and/or privileged material and is not for any type of circulation
and any review, retransmission, or any other use is strictly prohibited. This Document is subject to changes without prior notice.
This document does not constitute an offer to sell or solicitation for the purchase or sale of any financial instrument or as an official
confirmation of any transaction. Though disseminated to all customers who are due to receive the same, not all customers may
receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is obtained from publicly available data or other sources believed to be reliable and SHAREKHAN
has not independently verified the accuracy and completeness of the said data and hence it should not be relied upon as such. While
we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies,
their directors and employees (“SHAREKHAN and affiliates”) are under no obligation to update or keep the information current. Also,
there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. This document is
prepared for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. Recipients
of this report should also be aware that past performance is not necessarily a guide to future performance and value of investments
can go down as well. The user assumes the entire risk of any use made of this information. Each recipient of this document should
make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies
referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and
risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to
advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach
different conclusions from the information presented in this report.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any
locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation
or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities
described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession
this document may come are required to inform themselves of and to observe such restriction.
The analyst certifies that the analyst has not dealt or traded directly or indirectly in securities of the company and that all of the
views expressed in this document accurately reflect his or her personal views about the subject company or companies and its or
their securities and do not necessarily reflect those of SHAREKHAN. The analyst further certifies that neither he or its associates
or his relatives has any direct or indirect financial interest nor have actual or beneficial ownership of 1% or more in the securities of
the company at the end of the month immediately preceding the date of publication of the research report nor have any material
conflict of interest nor has served as officer, director or employee or engaged in market making activity of the company. Further, the
analyst has also not been a part of the team which has managed or co-managed the public offerings of the company and no part
of the analyst’s compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this
document. Sharekhan Limited or its associates or analysts have not received any compensation for investment banking, merchant
banking, brokerage services or any compensation or other benefits from the subject company or from third party in the past twelve
months in connection with the research report.
Either SHAREKHAN or its affiliates or its directors or employees / representatives / clients or their relatives may have position(s), make
market, act as principal or engage in transactions of purchase or sell of securities, from time to time or may be materially interested
in any of the securities or related securities referred to in this report and they may have used the information set forth herein before
publication. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company
mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved
in, or related to, computing or compiling the information have any liability for any damages of any kind.

Compliance Officer: Mr. Joby John Meledan; Tel: 022-61150000; email id: compliance@sharekhan.com;
For any queries or grievances kindly email igc@sharekhan.com or contact: myaccount@sharekhan.com

Registered Office: Sharekhan Limited, 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg
Railway Station, Kanjurmarg (East), Mumbai – 400042, Maharashtra. Tel: 022 - 61150000. Sharekhan Ltd.: SEBI Regn. Nos.: BSE
/ NSE / MSEI (CASH / F&O / CD) / MCX - Commodity: INZ000171337; DP: NSDL/CDSL-IN-DP-365-2018; PMS: INP000005786;
Mutual Fund: ARN 20669; Research Analyst: INH000006183;

Disclaimer: Client should read the Risk Disclosure Document issued by SEBI & relevant exchanges and the T&C on www.sharekhan.com;
Investment in securities market are subject to market risks, read all the related documents carefully before investing.