Eagle Eye Equities

September 11, 2019

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

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Sharekhan Eagle Eye Equities

Punter’s Call
Inching higher

September 09, 2019 Nifty daily: 11,003.05

The Nifty began on a weak note on Monday. The

index dipped below 10900 post a negative start.
However with a round of buying in morning trades, the
bulls rushed in near the key hourly moving averages
& pushed the index higher. Consequently the Nifty
posted a positive daily close for the fourth consecutive
session. The hourly chart also reveals that the index
has taken out a falling trendline & is climbing higher
in a channelized manner. The daily chart shows that
the index is moving up in order to form the last leg of
a bearish running triangular pattern. To complete the
60-minute
same, the Nifty can stretch towards 11100 which is
the upper end of the triangular pattern. The area of
11100-11180 is filled with multiple hurdles where the
pullback is likely to die down and the index can start
the next leg down thereon. Thus traders can start
building short positions as Nifty approaches 11100
with reversal above 11180. Near term targets on the
downside will be 10830 & 10637.

Other technical observations

On the daily chart, the Nifty is between the 20-day

moving average (DMA) and the 40-DEMA, i.e. 10966
and 11120 respectively. The momentum indicator is in
bullish mode on the daily chart. Market breadth
BSE NSE
On the hourly chart, the Nifty is above the 20-hour Todays Close 37149.7 11003.05
moving average (HMA) and the 40-HEMA, i.e. 10923 Advances 1596 1167
and 10926 respectively. The hourly momentum Decline 939 608
Unchanged 184 358
indicator is in bullish mode. The market breadth was
Volume (Rs.) 1,937.10 cr 26,166.71 cr
positive with 1167 advances and 608 declines on the
National Stock Exchange.

September 11, 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 10455 11182 10455 / 11182 Nifty 10000 11525 10000 / 11525

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
10890 11043
10816 11120
10746 11142
20 DSMA 40 DEMA
10966 11120

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
06-Sep-19 L&TFH Sep Fut Buy Exit 92.8 93.45 0.70% 96.8 99.7
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

CTFT (Carry Today For Tomorrow)

Closing Potential
Stop Loss/ Reco
Action date Scrip Name Action Price/ P/L at Target 1 Target 2
Reversal Price
CMP CMP (%)

06-Sep-19 M&M Fin Sep Fut Sell Exit 323.5 321.1 0.74% 313 304
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

September 11, 2019 3

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 26440 28603 26440 / 28603 Bank Nifty 25850 29500 25850 / 29500

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

26994 27653

26815 27928

26561 28278

20 DSMA 40 DEMA

27630 28311

Key Indices
Particulars Target Trend Reversal Support / Resistance
á
Nifty Auto 6660 7300 6660 / 7300
á
Nifty FMCG 26900 29365 26900 / 29365
á
Nifty Fin. Service 11500 12855 11500 / 12855

Nifty IT 16500 á 15630 15630 / 16500

á
Nifty Metal 2050 2421 2050 / 2421

Nifty Pharma 8805 á 7700 7700 / 8805

á
Nifty Mid Cap 100 14532 16057 14532 / 16057
á
Nifty Small Cap 100 5000 5532 5000 / 5532

September 11, 2019 4

Sharekhan Eagle Eye Equities

Day Trader’s Hit List

For September 11, 2019
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
NIFTY Futures 10840.0 10955.0 11027.0 11137.0 11191.0 Sell on rise to R1 with SL above R2

Bank Nifty Futures 26708.0 27040.0 27544.0 27930.0 28246.0 Sell on rise to R1 with SL above R2

Axis Bank 653.0 665.0 671.60 676.0 691.0 Buy Above R1/ Sell Below S1

Bajaj Finance 3398.0 3406.0 3429.00 3450.0 3519.0 Buy Above R1

HDFC 2047.0 2053.0 2065.00 2070.0 2109.0 Buy Above R1

HDFC Bank 2194.0 2229.0 2245.00 2261.0 2289.0 Buy Above R1/ Sell Below S1

Hindustan Unilever 1807.0 1825.0 1835.00 1847.0 1881.0 Buy Above R1

INFOSYS 810.0 827.5 830.00 835.0 844.0 Sell Below S1

ICICI Bank 386.0 393.0 396.0 399.6 407.0 Buy Above R1/ Sell Below S1

ITC 241.0 243.0 245.85 247.7 255.0 Buy Above R1

Kotak Bank 1451.0 1460.0 1470.6 1475.0 1501.0 Buy Above R1

LNT 1329.0 1350.0 1360.0 1369.0 1383.0 Buy Above R1

Maruti 6254.0 6300.0 6355.1 6367.0 6466.0 Buy Above R1

Reliance Industries 1195.0 1213.0 1221.8 1233.0 1268.0 Buy Above R1/ Sell Below S1

SBI 272.0 275.0 277.9 278.7 284.0 Buy Above R1

SunPharma 414 426 428.2 432.5 444 Buy Above R1/ Sell Below S1

Tata Steel 342.0 348.0 352.4 355.0 357.0 Sell Below S1

TCS 2155.0 2179.0 2185.0 2194.0 2206.0 Sell Below S1

Titan 1058.0 1077.0 1086.8 1092.0 1124.0 Buy Above R1

Zeel 355.0 360.0 363.0 367.4 378.0 Buy Above R1/ Sell Below S1

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

September 11, 2019 5

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