Eagle Eye Equities

October 06, 2022

Index
Punter’s Call
Looking Trendy
Nifty Day Trader
Smart Charts
Momentum Swing
Chart Buster
Bank Nifty
Bank Nifty Day Trader
Day Trader’s Hit List

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Sharekhan Eagle Eye Equities

Punter’s Call
A leap within consolidation

October 04, 2022 Nifty daily: 17274.3

The Nifty has seen a smart recovery on October 04,

post a steep decline in the previous session. On
October 03, the index had gone down to retrace
nearly 78.6% of the rise seen on September 30. The
key Fibonacci level acted as a spring board, resulting
in a swift upmove today. On the way up, the Nifty has
crossed the swing high of 17187 and has entered into
a gap area that was created during the decline in
the last month. Going ahead, 17300 is the immediate
barrier to watch out for. Unless that is crossed on
a closing basis, the index is likely to witness short-
60-minute
term consolidation. However, if the bulls manage to
surpass 17300 on a closing basis, then the index can
stretch till 17500. Near-term support shifts higher to
17000.

Other technical observations

On the daily chart, the Nifty is below the 20-day
moving average (DMA) and the 40-DEMA of 17488
and 17322, respectively. The momentum indicator is
bearish on the daily chart.
On the hourly chart, the Nifty is above the 20-hour
moving average (HMA) and the 40-HEMA of 17089
Market breadth
and 17109, respectively. The hourly momentum BSE NSE
indicator is bullish. The market breadth was positive Todays Close 58065.47 17274.30
with 1773 advances and 440 declines on the National Advances 2581 1773
Stock Exchange. Decline 857 440
Unchanged 126 66
Volume (Rs.) 2,820.60 cr 49,115.63 cr

October 06, 2022 2

Sharekhan Eagle Eye Equities

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

áá
Nifty 16500 18100 16500 / 18100
á á
Nifty 17000 17500 17000 / 17500

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

Icon guide

á Up â Down Sideways Downswing matures Upswing matures

áá
Nifty Trader
Support Resistance
17190 17322
17117 17430
17000 17488
20 DSMA 40 DEMA
17488 17322

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
04 Oct 22 MINDTREE Oct Fut Buy 3095.00 3255.30 3263.00 0.24% 3415.00 3590.00
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
04 Oct 22 NAUKRI Oct Fut Buy 3803.00 3925.00 3958.50 0.85% 4050.00 4198.00
30 Sep 22 ULTRATECH Oct Fut Buy 6190.00 6310.00 6334.40 0.39% 6450.00 6530.00
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

Chartbuster
Potential %
Action Stop Loss/ Buy Price/ Call Closing
Scrip Name Action P/L at Exit/ Target 1 Target 2
Date Reversal Sell Price Price/CMP
Current
04 Oct 22 BALKRISIND ( Cash) Buy 1825.00 1906.55 1916.45 0.52% 2000.00 2065.00
28 Sep 22 CIPLA ( Cash) Buy 1062.00 1109.70 1144.65 3.15% 1158.00 1200.00
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

October 06, 2022 3

Sharekhan Eagle Eye Equities

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

á
á
Bank Nifty 38000 39400 38000 / 39400 Bank Nifty 36000 41800 36000 / 41800

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

Icon guide

á Up â Down Sideways Downswing matures Upswing matures

á
á

Bank Nifty Trader Bank Nifty Daily

Support Resistance

38940 39380

38600 39530

38300 39840

20 DSMA 40 DEMA

39843 38946

Key Indices
Index Lower Boundary Trend Upper Boundary Support / Resistance
á á á á á á á á
á á á á á á á á

Nifty Auto 12400 13000 12400 / 13000

Nifty Fin Services 17000 18000 17000 / 18000
Nifty FMCG 43400 45000 43400 / 45000
Nifty IT 26500 28000 26500 / 28000
Nifty Infra 4800 5100 4800 / 5100
Nifty Metal 5500 5900 5500 / 5900
Nifty Mid Cap 100 30000 31500 30000 / 31500
Nifty Small Cap 100 9200 9700 9200 / 9700
Index Target Trend Reversal Support / Resistance
Nifty Pharma 13600 á 12900 12900 / 13600

October 06, 2022 4

Sharekhan Eagle Eye Equities

Day Trader’s Hit List

October 06, 2022
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
Nifty 17150.0 17230.0 17274.30 17300.0 17400.0 Buy Above R1/ Sell Below S1
Bank Nifty 38800.0 39000.0 39110.05 39200.0 39500.0 Buy Above R1/ Sell Below S1
Axis Bank 735.0 740.0 742.80 745.0 758.0 Buy Above R1
Bajaj Finance 7400.0 7450.0 7488.70 7505.0 7650.0 Buy Above R1
HDFC 2325.0 2345.0 2349.45 2355.0 2398.0 Buy Above R1
HDFC Bank 1438.0 1450.0 1453.00 1458.0 1489.0 Buy Above R1
Hindustan Unilever 2615.0 2660.0 2667.95 2677.0 2720.0 Buy Above R1/ Sell Below S1
INFOSYS 1415.0 1425.0 1429.40 1433.0 1460.0 Buy Above R1
ICICI Bank 850.0 865.0 867.65 870.0 885.0 Buy Above R1/ Sell Below S1
ITC 329.0 332.0 332.85 334.0 340.0 Buy Above R1
Kotak Bank 1803.0 1815.0 1822.25 1828.0 1860.0 Buy Above R1
LT 1850.0 1867.0 1871.55 1881.0 1927.0 Buy Above R1
Maruti 8520.0 8675.0 8690.50 8700.0 8870.0 Buy Above R1/ Sell Below S1
Reliance Industries 2390.0 2410.0 2413.20 2418.0 2465.0 Buy Above R1
SBI 522.0 530.0 532.70 534.0 544.0 Buy Above R1/ Sell Below S1
SunPharma 926.0 943.0 944.55 948.0 963.0 Buy Above R1/ Sell Below S1
Tata Steel 100.0 100.8 101.15 101.5 103.5 Buy Above R1
TCS 3060.0 3079.0 3091.15 3100.0 3160.0 Buy Above R1
Titan 2534.0 2575.0 2585.10 2590.0 2638.0 Buy Above R1/ Sell Below S1
Zeel 265.0 267.0 268.20 269.5 274.0 Buy Above R1
*Note: Closing price of Nifty futures is last traded price of Nifty futures on NSE
SL=Stoploss

October 06, 2022 5

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