Eagle Eye Equities

April 15, 2019

Index
Punter’s Call
Looking Trendy
Nifty Day Trader
Smart Charts
Momentum Swing
Premium Technical View
Bank Nifty
Bank Nifty Day Trader
Day Trader’s Hit List

Visit us at www.sharekhan.com

For Private Circulation only

Sharekhan Eagle Eye Equities

Punter’s Call
Stuck in a range

April 12, 2019 Nifty daily: 11643.45

The Nifty has been trading in a rangebound manner

for the last couple of weeks and traded in a sideways
fashion for yet another day. On April 11, the bulls
managed to defend the swing low of 11549 as well as
the 20-day moving average (DMA). They attempted
to stretch their arms on April 12, but couldn’t go too
far. On the way up, the index crossed the falling
trendline on an intraday basis but closed back at
the trendline. The weekly chart shows that the index
ended in the red after seven consecutive positive
weeks. This shows that the rally has topped out at
the recent high of 11761, which would act as a major
hurdle going ahead. The Bollinger Bands on the
hourly and daily timeframe show that the bands are 60-minute
contracting, suggesting that the consolidation can
continue for some more time before the index heads
for a directional move. On the downside, the swing
low of 11549 shall continue to act as a crucial support.
Other technical observations
On the daily chart, the Nifty is above the 20-day
moving average (DMA) and the 40-DEMA of 11563
and 11341, 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 11608
and 11615, respectively. The hourly momentum
indicator is in bullish mode. The market breadth was
positive with 939 advances and 790 declines on the Market breadth
National Stock Exchange.
BSE NSE
Todays Close 38767.11 11643.45
Advances 1385 939
Decline 1150 790
Unchanged 168 361
Volume (Rs.) 2391.95 28739.46

April 15, 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 á
Nifty 11000 11761 11000 / 11761 Nifty 10400 11761 10400 / 11761

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
11549 11684
11452 11761
11341 11800
20 DSMA 40 DEMA
11563 11341

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
12-Apr-19 Tvs Motors April Fut Buy 483.00 500.45 502.70 0.45% 530.00 550.00
9-Apr-19 Apollo Tyre April Fut Sell Exit 217.35 215.40 0.90% 194.00 185.00
5-Apr-19 Wockpharma April Fut Sell 470.00 443.45 450.70 -1.63% 410.00 383.00
4-Apr-19 KSCL April Fut Sell Stopped Out 462.55 490.00 -5.93% 430.00 415.00
2-Apr-19 M&M Fin April Fut Sell 435.00 416.70 416.70 0.00% 369.00 352.00
1-Apr-19 Hexaware April Fut Buy 336.00 353.45 340.50 -3.66% 375.00 400.00
25-Mar-19 Amaraja Bat April Fut Sell 757.00 713.40 693.90 2.73% 670.00 591.00
22-Mar-19 NIIT TECH April Fut Sell 1,370.00 1,332.35 1,306.00 1.98% 1,220.00 1,180.00
NOTE: Kindly note that all stop losses in Smart Charts are on closing basis unless specified.
TPB: Trailing profit booked

Momentum Swing
Poten-
Call
Action Stop Loss/ Buy Price/ tial% P/L
Scrip Name Action Closing Target 1 Target 2
Date Reversal Sell Price at Exit/
Price/CMP
Current
12-Apr-19 Escorts April Fut Buy 771.00 782.30 793.10 1.38% 795.00 802.00
12-Apr-19 Yes Bank April Fut Sell 274.00 267.90 269.30 -0.52% 261.00 255.00
12-Apr-19 PEL April Fut Sell 2,700.00 2,665.00 2,674.00 -0.34% 2,595.00 2,549.00
11-Apr-19 Icici Pru April Fut Buy 363.50 369.25 367.55 -0.46% 376.50 380.00
11-Apr-19 Indian Bank April Fut Sell Exit 269.75 270.65 -0.33% 265.00 260.00
10-Apr-19 Mothersumi April Fut Sell 152.70 149.40 150.45 -0.70% 144.00 139.00
9-Apr-19 Enginers Ind April Fut Sell Stopped Out 117.80 119.70 -1.61% 114.00 112.00
8-Apr-19 Indusind Bank April Fut Sell Booked Profit 1,770.40 1,742.25 1.59% 1,719.00 1,666.00
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
April 15, 2019 3
Sharekhan Eagle Eye Equities

Premium Technical View

Stop loss (On Reco Closing Potential P/L
Action date Scrip Name Action Segments Target 1 Target 2
Closing Basis ) Price Price/ CMP at CMP(%)

25-Mar-19 Glenmark April Fut Sell Fut 680.00 637.75 653.15 -2.41% 554.00 506.00

15-Mar-19 Aditya Birla Capital Buy Cash 94.50 98.50 98.30 -0.20% 110.00 118.00

*DCL # CMP ^Intra-day Tgt. = Target Rwd. = Reward

April 15, 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 á
Bank Nifty 28000 30730 28000 / 30730 Bank Nifty 25500 30730 25500 / 30730

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

29640 30232

29475 30602

29156 30648

20 DSMA 40 DEMA

29919 29003

April 15, 2019 5

Sharekhan Eagle Eye Equities

Day Trader’s Hit List

For April 15, 2019
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
NIFTY Futures 11610.0 11653.0 11688.7 11724.0 11765.0 Buy Above R1/ Sell Below S1

Bank Nifty Futures 29852.0 29941.0 30037.5 30140.0 30258.0 Buy Above R1/ Sell Below S1

Axis Bank 751.0 758.0 762.20 768.0 775.0 Buy Above R1/ Sell Below S1

Bajaj Finance 2955.0 2984.0 3009.00 3034.0 3060.0 Buy Above R1

BHEL 75.8 76.8 77.5 78.2 79.5 Buy Above R1

BPCL 353.0 357.0 360.10 364.0 369.0 Buy Above R1

HDFC 1986.0 2005.0 2023.00 2042.0 2060.0 Buy Above R1/ Sell Below S1

HDFC Bank 2212.0 2235.0 2257.00 2278.0 2301.0 Buy Above R1/ Sell Below S1

Hindustan Unilever 1690.0 1705.0 1720.40 1735.0 1750.0 Buy Above R1

INFOSYS 735.0 742.0 748.20 755.0 764.0 Buy Above R1/ Sell Below S1

ICICI Bank 387.0 390.5 393.4 397.0 400.0 Go Short Below S1

LIC Housing 529.0 535.0 540.2 545.0 550.5 Go Short Below S1

LNT 1334.0 1348.0 1359.4 1371.0 1386.0 Go Short Below S1

Reliance Industries 1315.0 1329.0 1340.0 1354.0 1368.0 Buy Above R1

SBI 308.0 312.2 314.5 318.0 321.5 Buy Above R1

SunPharma 455 460 464.0 469 474 Buy Above R1/ Sell Below S1

Tata Motors 210.5 213.0 215.6 218.0 220.5 Buy Above R1

TISCO 524.0 529.0 534.0 539.0 544.0 Go Short Below S1

TCS 1970.0 1990.0 2013.0 2036.0 2056.0 Go Short Below S1

Yes Bank 262.0 265.0 267.5 270.0 273.0 Go Short Below S1

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

April 15, 2019 6

 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 further certifies that neither he or its associates
or his relatives 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: Mr. Joby John Meledan; Tel: 022-61150000; email id: compliance@sharekhan.com;
For any queries or grievances kindly email igc@sharekhan.com or contact: myaccount@sharekhan.com

Registered Office: Sharekhan Limited, 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg
Railway Station, Kanjurmarg (East), Mumbai – 400042, Maharashtra. Tel: 022 - 61150000. 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.