Eagle Eye Equities

April 30, 2019

Index
Punter’s Call
Looking Trendy
Nifty Day Trader
Smart Charts
Momentum Swing
CTFT (Carry Today For Tomorrow)
Premium Technical View
Bank Nifty
Bank Nifty Day Trader
Day Trader’s Hit List

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Sharekhan Eagle Eye Equities

Punter’s Call
Bulls warming up

April 26, 2019 Nifty daily: 11754.65

The Nifty opened on a positive note today and

climbed further as the day progressed. The index,
however, traded within the Thursday’s trading range
resulting in a bullish Inside Bar pattern on the daily
chart. The breakout level for the pattern is at 11797.
For the last couple of sessions, the range for the
index was confined within the daily upper Bollinger
Band & the 20 day moving average, which are acting
as resistance & support respectively. The overall
structure shows that the index has been forming a
triangular pattern, which is expected to be a bullish
pattern in this case. Post the short term consolidation,
the pattern is eventually likely to break on the upside.
Thus, we maintain our positive stance on the index 60-minute
with key targets at 12000 & 12170. On the downside,
11565-11550 shall continue to act as a strong support
zone thus holding the upside potential intact.
Other technical observations
On the daily chart, the Nifty is above the 20-day
moving average (DMA) and the 40-DEMA, i.e. 11655
and 11456 respectively. The momentum indicator is in
bearish mode on the daily chart.
On the hourly chart, the Nifty is above the 20-hour
moving average (HMA) and the 40-HEMA, i.e. 11691
and 11684 respectively. The hourly momentum
indicator is in bullish mode. The market breadth was
negative with 753 advances and 967 declines on the
National Stock Exchange. Market breadth
BSE NSE
Todays Close 39067.33 11754.65
Advances 1096 753
Decline 1425 967
Unchanged 155 377
Volume (Rs.) 2709.98 31864.94

April 30, 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

Nifty 12170 á 11550 11550 / 12170 Nifty 12430 á 11390 11390 / 12430

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
11666 11796
11624 11856
11564 11880
20 DSMA 40 DEMA
11655 11456

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
26-Apr-19 GAIL May Fut Buy 341.00 354.65 355.05 0.11% 375.00 390.00
26-Apr-19 STAR May Fut Buy 464.00 492.90 483.00 -2.01% 525.00 560.00
22-Apr-19 Repco Home May Fut Sell 454.00 418.15 431.35 -3.16% 372.00 340.00
18-Apr-19 Hexaware May Fut Buy 325.00 340.45 351.40 3.22% 375.00 400.00
18-Apr-19 Amaraja Bat May Fut Sell 740.00 702.10 674.85 3.88% 670.00 591.00
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
26-Apr-19 Cummins Ind May Fut Buy 729.00 747.70 749.05 0.18% 768.00 774.00
26-Apr-19 HDFC LTD May Fut Buy 1,955.00 1,979.00 1,988.55 0.48% 2,010.00 2,025.00
26-Apr-19 VEDL May Fut Buy Stopped Out 173.95 170.00 -2.27% 180.00 182.50
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 30, 2019 3

Sharekhan Eagle Eye Equities

CTFT (Carry Today For Tomorrow)

Closing Potential
Stop Loss/ Reco
Action date Scrip Name Action Segments Price/ P/L at Target 1 Target 2
Reversal Price
CMP CMP (%)
Canara Bank May
26-Apr-19 Buy Fut 270.00 274.25 275.60 0.49% 279.00 283.00
Fut
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

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(%)

15-Mar-19 Aditya Birla Capital Buy Cash 94.50 98.50 99.20 0.71% 110.00 118.00

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

April 30, 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

Bank Nifty 31780 á 29130 29130 / 31780 Bank Nifty 32300 á 29130 29130 / 32300

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

29563 30290

29435 30670

29303 30860

20 DSMA 40 DEMA

30026 29303

April 30, 2019 5

Sharekhan Eagle Eye Equities

Day Trader’s Hit List

For April 30, 2019
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
NIFTY Futures 11740.0 11783.0 11807.2 11840.0 11884.0 Buy Above R1/ Sell Below S1

Bank Nifty Futures 29916.0 30048.0 30138.0 30230.0 30367.0 Buy Above R1/ Sell Below S1

Axis Bank 745.0 752.0 757.60 764.0 770.0 Buy Above R1

Bajaj Finance 3050.0 3074.0 3094.00 3115.0 3136.0 Buy Above R1

BHEL 69.4 70.4 71.2 72.0 72.9 Go Short Below S1

BPCL 364.0 368.0 371.90 376.0 381.0 Buy Above R1

HDFC 1950.0 1964.0 1975.10 1988.0 2005.0 Buy Above R1

HDFC Bank 2245.0 2261.0 2274.20 2287.0 2301.0 Buy Above R1/ Sell Below S1

Hindustan Unilever 1725.0 1740.0 1749.80 1761.0 1774.0 Buy Above R1

INFOSYS 725.0 732.0 738.60 744.0 750.0 Buy Above R1

ICICI Bank 399.0 403.3 406.7 409.5 414.0 Buy Above R1

LIC Housing 494.0 499.0 502.7 506.0 510.0 Go Short Below S1

LNT 1330.0 1345.0 1359.5 1374.0 1388.0 Buy Above R1/ Sell Below S1

Reliance Industries 1366.0 1380.0 1392.0 1404.0 1417.0 Buy Above R1/ Sell Below S1

SBI 304.0 308.5 311.8 315.0 319.0 Buy Above R1/ Sell Below S1

SunPharma 455.5 459 463.4 467 471 Go Short Below S1

Tata Motors 210.0 213.0 215.5 218.0 220.5 Go Short Below S1

TISCO 538.0 543.0 547.4 552.0 556.5 Buy Above R1

TCS 2201.0 2220.0 2236.0 2255.0 2275.0 Buy Above R1

Yes Bank 233.8 236.0 238.1 240.0 242.5 Go Short Below S1

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

April 30, 2019 6

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