Eagle Eye Equities

July 05, 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
Scope for a slide

July 04, 2019 Nifty daily: 11,946.75

The Nifty on Thursday inched further towards the

trendline drawn from the swing highs. The index
however faced pressure as it approached the
trendline. In terms of the price patterns, the index
seems to have formed a bearish wedge pattern over
the last couple of weeks. Structurally, the pattern is
about to mature & the pattern implication can be seen
on the downside. This means that the next leg down
could be around the corner. The hourly momentum
indicator that has been showing negative divergence
has triggered a bearish crossover. Key support on the
downside is at 11887 below which steep fall may be
on the cards. Traders can initiate a fresh sell position
below 11887 for the target of 11625 i.e. the June low. 60-minute
On the other hand, 11980-12000 will continue to act
as a crucial resistance zone.
Other technical observations
On the daily chart, the Nifty is above the 20-day
moving average (DMA) and the 40-DEMA, i.e. 11831
and 11764 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. 11911
and 11884 respectively. The hourly momentum
indicator is in bearish mode. The market breadth was
positive with 909 advances and 829 declines on the
National Stock Exchange.
Market breadth
BSE NSE
Todays Close 39,908.06 11,946.75
Advances 1,244 909
Decline 1,199 829
Unchanged 176 351
Volume (Rs.) 2,080.68 cr 29,843.32 cr

July 05, 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
11885 11969
11815 12012
11764 12104
20 DSMA 40 DEMA
11831 11764

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
1-Jul-19 Grasim July Fut Sell 950.00 915.90 946.30 -3.32% 866.00 845.00
28-Jun-19 MFSL July Fut Sell 435.00 414.25 417.30 -0.74% 380.00 350.00
26-Jun-19 Tata Chemical July Fut Sell 638.00 620.05 622.50 -0.40% 552.00 514.00
24-Jun-19 MGL July Fut Sell Exit 839.70 837.75 0.23% 790.00 750.00
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
4-Jul-19 HUL July Fut Buy 1765.00 1800.00 1803.95 0.22% 1832.00 1860.00
4-Jul-19 Havells July Fut Sell 795.50 785.10 783.80 0.17% 770.00 763.00
3-Jul-19 Tata Chemical July Fut Sell 631.00 619.00 622.50 -0.57% 607.00 595.00
3-Jul-19 Cadila HC July Fut Buy 229.40 234.40 234.00 -0.17% 243.80 248.80
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 05, 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 (%)

3-Jul-19 SRF July Fut Sell Fut Stopped Out 3038.15 3080.00 -1.38% 2985.00 2950.00
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 05, 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 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

31239 31608

30939 31784

30688 32000

20 DSMA 40 DEMA

30939 30688

July 05, 2019 5

Sharekhan Eagle Eye Equities

Day Trader’s Hit List

For July 05, 2019
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
NIFTY Futures 11852.0 11958.0 11977.1 11999.0 12118.0 Buy Above R1/ Sell Below S1

Bank Nifty Futures 31176.0 31414.0 31524.9 31690.0 32000.0 Buy Above R1/ Sell Below S1

Axis Bank 786.0 801.0 807.75 813.2 830.0 Buy Above R1/ Sell Below S1

Bajaj Finance 3689.0 3705.0 3722.40 3750.0 3828.0 Buy Above R1

BHEL 71.5 72.4 73.2 73.8 76.0 Buy Above R1

BPCL 372.0 378.4 379.75 384.0 386.0 Sell Below S1

HDFC 2240.0 2265.0 2278.10 2290.0 2320.0 Buy Above R1/ Sell Below S1

HDFC Bank 2446.0 2472.0 2481.60 2487.0 2543.0 Buy Above R1/ Sell Below S1

Hindustan Unilever 1770.0 1781.0 1794.00 1799.0 1825.0 Buy Above R1

INFOSYS 710.0 728.0 732.50 736.0 741.0 Sell Below S1

ICICI Bank 427.0 433.0 434.5 438.0 444.0 Buy Above R1/ Sell Below S1

LIC Housing 550.0 564.0 568.4 573.1 581.0 Buy Above R1/ Sell Below S1

LNT 1551.0 1560.0 1575.0 1591.0 1607.0 Buy Above R1

Reliance Industries 1270.0 1276.0 1284.0 1291.0 1302.0 Buy Above R1

SBI 360.0 363.0 367.7 371.0 376.0 Buy Above R1

SunPharma 387 391 391.5 395 406 Buy Above R1/ Sell Below S1

Tata Motors 161.0 163.0 165.2 167.8 172.0 Buy Above R1

TISCO 482.0 493.0 494.5 499.0 503.0 Sell Below S1

TCS 2208.0 2230.0 2241.6 2259.0 2290.0 Buy Above R1/ Sell Below S1

Yes Bank 89.8 95.2 96.7 99.0 100.0 Sell Below S1

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

July 05, 2019 6

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