Eagle Eye Equities

April 15, 2021

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

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Sharekhan Eagle Eye Equities

Punter’s Call
Leap from supports

April 13, 2021 Nifty daily: 14,504.80

The Nifty witnessed a decent recovery on

April 13 after a sharp decline on April 12. On
the downside, it had tested the swing low of
14264 and the 61.8% retracement of the rise in
February. The bulls rushed in near these support
parameters to push the index up. In terms of
the price patterns, the Nifty has formed a larger
Wedge pattern. The recent sell-off was absorbed
near the lower end of the pattern and the index
is recovering thereon. On the higher side, the
index is expected to test the key DMAs, which
60-minute
are near 14700, which will decide further course
of action for the short term.

Other technical observations

On the daily chart, the Nifty is below the 20-day
moving average (DMA) and the 40-DEMA, of
14694 and 14700, 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,
of 14530 and 14597, respectively. The hourly
momentum indicator is bullish. The market
Market breadth
breadth was positive with 1386 advances and BSE NSE
507 declines on the National Stock Exchange. Todays Close 48,544.06 14,504.80
Advances 1932 1386
Decline 933 507
Unchanged 181 361
Volume (Rs.) 3,988.76 Cr 72,782.66 Cr

April 15, 2021 2

Sharekhan Eagle Eye Equities

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

Nifty 14200 n 14700 14200 / 14700 Nifty 15431 á 14000 14000 / 15431

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

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

Nifty Trader
Support Resistance
14462 14653
14296 14786
14200 14984
20 DSMA 40 DEMA
14694 14700

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
09 Apr 21 Lupin April Fut Buy Stopped Out 1,089.2 1,026.6 -5.75% 1,145 1,200
01 Apr 21 Kotak Bank April Fut Buy 1,740.0 1,808.6 1,783.0 -1.42% 1,890 1,970
NOTE: Kindly note that all stop losses in Smart Charts are on closing basis unless specified.
TPB: Trailing profit booked

April 15, 2021 3

Sharekhan Eagle Eye Equities

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

Bank Nifty 30000 n 32330 30000 / 32330 Bank Nifty 37708 á 29680 29680 / 37708

NOTE: Reversal on closing basis

NOTE: Reversal on closing basis

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

Bank Nifty Trader Bank Nifty Daily

Support Resistance

31360 32036

31115 32330

31000 32500

20 DSMA 40 DEMA

33331 33626

Key Indices
Particulars Lower Boundary Trend Upper Boundary Support / Resistance

Nifty Auto 9350 n 10100 9350 / 10100

Nifty Fin. Service 14600 n 15700 14600 / 15700

Nifty FMCG 34000 n 35400 34000 / 35400

Nifty IT 25200 n 27000 25200 / 27000

Nifty Metal 4150 n 4500 4150 / 4500

Nifty Pharma 12400 n 13300 12400 / 13300

Nifty Mid Cap 100 22600 n 24000 22600 / 24000

Nifty Small Cap 100 7900 n 8400 7900 / 8400

April 15, 2021 4

Sharekhan Eagle Eye Equities

Day Trader’s Hit List

For April 15, 2021
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
Nifty 14316.0 14462.0 14,504.80 14530.0 14653.0 Buy Above R1/ Sell Below S1

Bank Nifty 31000.0 31500.0 31,771.60 31890.0 32330.0 Buy Above R1/ Sell Below S1

Axis Bank 644.0 654.0 660.00 665.0 686.0 Buy Above R1/ Sell Below S1

Bajaj Finance 4590.0 4692.0 4,730.00 4775.0 4920.0 Buy Above R1/ Sell Below S1

HDFC 2479.0 2500.0 2,520.80 2542.0 2583.0 Buy Above R1

HDFC Bank 1385.0 1392.0 1,401.30 1407.0 1432.0 Buy Above R1

Hindustan Unilever 2439.0 2448.0 2,467.00 2475.0 2520.0 Buy Above R1

INFOSYS 1356.0 1390.0 1,404.00 1414.0 1420.0 Sell Below S1

ICICI Bank 549.0 554.0 559.60 564.0 577.0 Buy Above R1

ITC 200.0 205.0 208.65 211.0 214.0 Buy Above R1/ Sell Below S1

Kotak Bank 1759.0 1765.0 1,778.90 1786.0 1834.0 Buy Above R1

LT 1356.0 1364.0 1,376.50 1382.0 1423.0 Buy Above R1

Maruti 6705.0 6760.0 6,825.00 6845.0 7063.0 Buy Above R1

Reliance Industries 1900.0 1917.0 1,932.00 1941.0 1980.0 Buy Above R1/ Sell Below S1

SBI 332.0 338.0 341.50 345.0 360.0 Buy Above R1

SunPharma 616.0 623.0 628.15 636.0 346.0 Buy Above R1

Tata Steel 853.0 870.0 879.50 881.0 893.0 Sell Below S1

TCS 2984.0 3073.0 3,118.00 3131.0 3159.0 Sell Below S1

Titan 1503.0 1523.0 1,540.00 1553.0 1573.0 Buy Above R1/ Sell Below S1

Zeel 174.0 183.0 187.90 189.5 195.0 Buy Above R1/ Sell Below S1

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

April 15, 2021 5

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