Eagle Eye Equities

May 02, 2023

Index
Punter’s Call
Looking Trendy
Nifty Trader
Chartbuster
Full Toss Ideas
CTFT (Carry Today For Tomorrow)
Bank Nifty
Bank Nifty Trader
Key Indices
Day Trader’s Hit List

Visit us at www.sharekhan.com

For Private Circulation only

Sharekhan Eagle Eye Equities

Punter’s Call
Bulls shifting to top gear

April 28, 2023 Nifty daily: 18,065

The Nifty opened on a flat note and was consolidating

for most part of the day. In the final hour of trade, the
index rose sharply and closed with handsome gains.
It was the fifth consecutive positive close for the Nifty.
On the daily charts, we can observe that it is moving
towards the crucial level of 18100, which coincides
with the 61.82% Fibonacci retracement level of the fall
from 18888-16828. The momentum indicator, which
provided a positive crossover in April 27’s trading
session, is now providing speed to the upmove.
Overall, as long as the Nifty continues to trade above
17800-17780 support zone we expect the positive 60-minute

momentum to continue. The midcap index which

broke out of a consolidation in the previous trading
session is up by more than 1% on April 28. Overall,
the positive outlook remains intact and a close above
18100 shall lead to a further upside till 18370 where
resistance in the form of the weekly upper Bollinger
Band is placed.
Other technical observations
On the daily chart, the Nifty is trading above the
20-day moving average (DMA) and the 40-DEMA
of 17623 and 17595, respectively. The momentum
indicator has a positive crossover on the daily chart. Market breadth
On the hourly chart, the Nifty is trading above the BSE NSE
Todays Close 61,112.44 18,065
20-hour moving average (HMA) and the 40-HEMA
Advances 2,238 1,513
of 17874 and 17819, respectively. The momentum
Decline 1,259 757
indicator has a positive crossover on the hourly charts. Unchanged 132 99
The market breadth was positive with 1513 advances Volume (Rs.) 3,666.79 cr 65,082.25 cr
and 757 declines on the National Stock Exchange.

May 02, 2023 2

Sharekhan Eagle Eye Equities

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

Nifty 18100 á 17550 17550 / 18100 Nifty 16600 ßà 18300 16600 / 18300

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

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

Nifty Trader
Support Resistance
17973 18134
17874 18204
17818 18370
20 DSMA 40 DEMA
17623 17595

Chartbuster
Call Potential %
Stop Loss/ Buy Price/
Date Scrip Name Action Closing P/L at Exit/ Target 1 Target 2
Reversal Sell Price
Price/CMP Current
28 Apr 23 B SOFT Buy 259.90 276.00 272.95 -1.11% 288.90 304.90
27 Apr 23 EXIDE IND Buy 184.90 195.60 195.85 0.13% 204.90 214.90
NOTE: Kindly note that all stop losses in Chartbuster are on an intra-day basis.
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

Full Toss Ideas

Call Potential %
Stop Loss/ Buy Price/
Date Scrip Name Action Closing P/L at Exit/ Target 1 Target 2
Reversal Sell Price
Price/CMP Current
27 Apr 23 DRREDDY Buy 4750.00 4915.60 4929.85 0.29% 5085.00 5200.00
27 Apr 23 PERSISTENT Buy Booked Profit 4583.65 4724.80 3.08% 4740.00 4810.00
26 Apr 23 CHAMBLFERT Buy 273.90 282.60 285.65 1.08% 290.90 299.90
24 Apr 23 IDFC Buy Booked Profit 83.00 85.95 3.55% 85.90 88.90
NOTE: Kindly note that all stop losses in Full Toss are on an intra-day basis.
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

CTFT (Carry Today For Tomorrow)

Potential %
Stop Loss/ Buy Price/ Call Closing
Date Scrip Name Action P/L at Exit/ Target 1 Target 2
Reversal Sell Price Price/CMP
Current

28 Apr 23 TATACONSUMER Buy 756.00 763.50 763.85 0.05% 772.00 780.00

28 Apr 23 MSUMI Buy 53.20 53.75 53.75 0.00% 54.50 54.90
27 Apr 23 BHARTI AIRTEL Buy Booked Profit 783.90 790.80 0.88% 791.00 799.00
27 Apr 23 CIPLA Buy Exit 913.00 906.25 -0.74% 923.90 932.90
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.
May 02, 2023 3
Sharekhan Eagle Eye Equities

Short Term Trend Medium Term Trend

Support / Support /
Index Target Trend Reversal Index Target Trend Reversal
Resistance Resistance

Bank Nifty 44000 á 41960 41960 / 44000 Bank Nifty 44000 á 40500 40500 / 44000

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

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

Bank Nifty Daily

Bank Nifty Trader
Support Resistance

42810 43500

42432 43710

42269 44000

20 DSMA 40 DEMA

41714 41443

Key Indices
Index Target Trend Reversal Support / Resistance
Nifty Auto 13400 á 12800 12800 / 13400
Nifty Fin Services 19300 á 18700 18700 / 19300
Nifty FMCG 48000 á 47000 47000 / 48000
Nifty Infra 5500 á 5200 5200 / 5500
Nifty Metal 6000 á 5600 5600 / 6000
Nifty Pharma 13000 á 12300 12300 / 13000
Nifty Mid Cap 100 31900 á 31200 31200 / 31900
Nifty Small Cap 100 9800 á 9400 9400 / 9800
Index Lower Boundary Trend Upper Boundary Support / Resistance
Nifty IT 26000 ßà 28000 26000 / 28000

May 02, 2023 4

Sharekhan Eagle Eye Equities

Day Trader’s Hit List

For May 02, 2023
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
Nifty 17960.0 17985.0 18065.00 18089.0 18144.0 Buy Above R1

Bank Nifty 43000.0 43100.0 43233.90 43300.0 43750.0 Buy Above R1

Axis Bank 840.0 856.0 860.00 864.0 869.0 Sell Below S1

Bajaj Finance 6220.0 6250.0 6280.10 6300.0 6450.0 Buy Above R1

HDFC 2745.0 2770.0 2775.60 2781.0 2835.0 Buy Above R1

HDFC Bank 1670.0 1683.0 1687.60 1691.0 1725.0 Buy Above R1

Hindustan Unilever 2408.0 2450.0 2457.30 2465.0 2507.0 Buy Above R1/ Sell Below S1

INFOSYS 1228.0 1248.0 1252.75 1255.0 1278.0 Buy Above R1/ Sell Below S1

ICICI Bank 899.0 915.0 917.65 920.0 936.0 Buy Above R1/ Sell Below S1

ITC 421.0 424.0 425.55 427.0 435.0 Buy Above R1

Kotak Bank 1917.0 1930.0 1938.05 1945.0 1980.0 Buy Above R1

LT 2340.0 2360.0 2364.40 2370.0 2425.0 Buy Above R1

Maruti 8500.0 8550.0 8589.55 8615.0 8790.0 Buy Above R1

Reliance Industries 2395.0 2410.0 2420.50 2425.0 2480.0 Buy Above R1

SBI 572.0 576.0 578.30 581.0 593.0 Buy Above R1

SunPharma 978.0 985.0 987.65 990.0 1010.0 Buy Above R1

Tata Steel 106.9 107.5 107.95 108.5 111.0 Buy Above R1

TCS 3185.0 3205.0 3219.25 3230.0 3290.0 Buy Above R1

Titan 2580.0 2630.0 2641.85 2650.0 2670.0 Sell Below S1

Zeel 194.5 196.0 196.75 197.5 202.0 Buy Above R1

May 02, 2023 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 and SHAREKHAN further certifies that neither he or his
relatives or Sharekhan associates 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: Ms. Binkle Oza; Tel: 022-61169602; email id: complianceofficer@sharekhan.com;
For any queries or grievances kindly email igc@sharekhan.com or contact: myaccount@sharekhan.com.

Registered Office: Sharekhan Limited, The Ruby, 18th Floor, 29 Senapati Bapat Marg, Dadar (West), Mumbai – 400 028,
Maharashtra, INDIA, Tel: 022 - 67502000/ Fax: 022 - 24327343. 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.