Eagle Eye Equities

April 12, 2023

Index
Punter’s Call
Looking Trendy
Nifty Trader
Smart Charts
Momentum Swing
Chart Buster
CTFT (Carry Today For Tomorrow)
Bank Nifty
Bank Nifty Trader
Key Indices
Day Trader’s Hit List

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Sharekhan Eagle Eye Equities

Punter’s Call
Bulls step on the gas

April 11, 2023 Nifty daily: 17722.3

The Nifty continued with positive momentum and

closed with gains for the seventh consecutive trading
session. On the daily chart, we can observe that the
Nifty has closed exactly at the resistance zone of
17700-17730 where the daily upper Bollinger Band
and the upper end of the falling channel is placed.
Despite the negative divergence on the hourly
momentum indicator, there is no weakness on the
price front and the best strategy to trade such an
upmove is to hold on to the long positions with a
trailing stop-loss mechanism. Since last seven trading
60-minute
sessions, the Nifty has not dipped below the previous
day low which is an extremely bullish sign and can
also be used a crucial level for holding on to the long
positions. In terms of levels crucial support is placed
at 17650-17600 while immediate hurdle is placed at
17700-17730. Overall, the uptrend is still intact and we
expect Nifty to target levels of 17800 from a short-
term perspective.
Other technical observations
On the daily chart, the Nifty is trading above the 20-
day moving average (DMA) and the 40-DEMA of 17211
and 17446, respectively. The momentum indicator
has a positive crossover on the daily chart. Market breadth
BSE NSE
On the hourly chart, the Nifty is trading above the
Todays Close 60157.72 17722.3
20-hour moving average (HMA) and the 40-HEMA
Advances 2244 1421
of 17627 and 17545 respectively. The momentum Decline 1303 887
indicator has a negative crossover on the hourly Unchanged 112 55
charts. The market breadth was positive with 1421 Volume (Rs.) 3,102.92 Cr 50,776.15 Cr
advances and 887 declines on the National Stock
Exchange.

April 12, 2023 2

Sharekhan Eagle Eye Equities

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

Nifty 17800 á 17400 17400 / 17800 Nifty 16600 n 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
17647 17800
17525 17925
17430 18000
20 DSMA 40 DEMA
17211 17446

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
31 Mar 23 TATASTEEL Apr Fut Buy 101.40 105.85 108.20 2.22% 112 116
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
05 Apr 23 VOLTAS Apr Fut Buy 807.00 822.85 817.85 -0.61% 845 867
NOTE: Kindly note that all stop losses in Momentum Swing 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.

Chart Buster
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
05 Apr 23 LAURUSLABS Buy 290.00 305.85 302.05 -1.24% 322 338
NOTE: Kindly note that all stop losses in Chart Buster 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.

April 12, 2023 3

Sharekhan Eagle Eye Equities

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

11 Apr 23 ABFRL( Cash ) Buy 219.50 221.70 222.20 0.23% 224.0 226.0
11 Apr 23 DEEPAKFERT ( Cash ) Buy 596.90 604.45 608.20 0.62% 609.9 616.9
10 Apr 23 APOLLOTYRE ( Cash ) Buy Stopped Out 328.20 325.00 -0.98% 332.0 335.0
10 Apr 23 DELTACORP ( Cash ) Buy Stopped Out 194.55 192.55 -1.03% 197.0 199.0
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.

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

Bank Nifty 42000 á 40200 40200 / 42000 Bank Nifty 38500 n 42000 38500 / 42000
NOTE: Reversal on closing basis NOTE: Reversal on closing basis
Icon guide
á
á Up Down ßà Sideways Downswing matures Upswing matures

Bank Nifty Trader Bank Nifty Daily

Support Resistance

41232 41660

40990 41800

40730 42000

20 DSMA 40 DEMA

40005 40576

April 12, 2023 4

Sharekhan Eagle Eye Equities

Key Indices
Index Target Trend Reversal Support / Resistance

Nifty Auto 13000 á 12400 12400 / 13000

Nifty Fin Services 18740 á 18300 18300 / 18740

Nifty FMCG 47000 á 45500 45500 / 47000

Nifty IT 29600 á 28200 28200 / 29600

Nifty Infra 5350 á 5100 5100 / 5350

Nifty Metal 5800 á 5400 5400 / 5800

Nifty Pharma 12500 á 12000 12000 / 12500

Index Lower Boundary Trend Upper Boundary Supp / Resist

Nifty Mid Cap 100 29300 n 30800 29300 / 30800

Nifty Small Cap 100 8700 n 9400 8700 / 9400

Day Trader’s Hit List

For April 12, 2023
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
Nifty 17550.0 17650.0 17,722.30 17750.0 17850.0 Buy Above R1/ Sell Below S1

Bank Nifty 41100.0 41300.0 41,366.50 41400.0 41600.0 Buy Above R1/ Sell Below S1

Axis Bank 845.0 850.0 853.30 856.0 870.0 Buy Above R1

Bajaj Finance 5720.0 5820.0 5,837.75 5860.0 5955.0 Buy Above R1/ Sell Below S1

HDFC 2715.0 2737.0 2,742.00 2750.0 2798.0 Buy Above R1

HDFC Bank 1645.0 1660.0 1,663.30 1670.0 1700.0 Buy Above R1

Hindustan Unilever 2498.0 2540.0 2,547.75 2550.0 2598.0 Buy Above R1/ Sell Below S1

INFOSYS 1370.0 1400.0 1,406.15 1410.0 1420.0 Sell Below S1

ICICI Bank 872.0 879.0 881.90 886.0 905.0 Buy Above R1

ITC 392.0 395.0 396.00 398.0 408.0 Buy Above R1

Kotak Bank 1810.0 1840.0 1,846.50 1851.0 1884.0 Buy Above R1/ Sell Below S1

LT 2255.0 2293.0 2,301.50 2305.0 2348.0 Buy Above R1/ Sell Below S1

Maruti 8570.0 8635.0 8,659.55 8671.0 8850.0 Buy Above R1

Reliance Industries 2290.0 2330.0 2,336.35 2341.0 2382.0 Buy Above R1/ Sell Below S1

SBI 521.0 531.0 532.10 534.0 543.0 Buy Above R1/ Sell Below S1

SunPharma 988.0 1007.0 1,009.25 1011.0 1020.0 Sell Below S1

Tata Steel 106.5 107.0 107.55 108.0 110.0 Buy Above R1

TCS 3120.0 3200.0 3,213.80 3230.0 3250.0 Sell Below S1

Titan 2520.0 2575.0 2,580.05 2590.0 2605.0 Sell Below S1

Zeel 209.0 213.0 213.60 214.0 218.0 Buy Above R1/ Sell Below S1

April 12, 2023 5

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