Eagle Eye Equities

January 07, 2020

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

Visit us at www.sharekhan.com

For Private Circulation only

Sharekhan Eagle Eye Equities

Punter’s Call
Nosedive

January 06, 2020 Nifty daily: 11993.05

On account of global cues, the Nifty opened gap down

and traded with bearish bias throughout the day.
The index refused to respect the key daily moving
averages (DMAs) that were acting as good supports
on the occasions of minor dips. Consequently, the
Nifty breached the key psychological level of 12000
on a closing basis. On the way down, the Nifty filled
up the gap of 12005-12023, which it had left on the
daily chart in December. The next gap area is at 11923-
11934. In terms of the price patterns, the benchmark
index seems to be forming a broadening formation
60-minute
and is currently tumbling towards the lower end of
the pattern. The daily lower Bollinger Band is also
lying around the lower pattern line. Thus 11870-11850
is the next key support area to watch out for.

Other technical observations

On the daily chart, the Nifty is below the 20-day
moving average (DMA) and the 40-DEMA, of 12135
and 12032, respectively. The momentum indicator is
bearish on the daily chart.
On the hourly chart, the Nifty is below the 20-hour
moving average (HMA) and the 40-HEMA, i.e. 12171
and 12167, respectively. The hourly momentum
Market breadth
indicator is bearish. Market breadth was negative BSE NSE
with 379 advances and 1449 declines on the National Todays Close 40676.63 11993.05
Stock Exchange. Advances 608 379
Decline 1939 1449
Unchanged 182 337
Volume (Rs.) 2,839.54 cr 31,073.49 cr

January 07, 2020 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 12350 á 11832 11832 / 12350 Nifty 12560 á 11694 11694 / 12560

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

Icon guide
á
á

á á
Up Down Sideways Downswing matures Upswing matures

Nifty Trader
Support Resistance
11923 12118
11832 12191
11694 12294
20 DSMA 40 DEMA
12135 12032

Smart Charts
Stop Loss Potential%
Buy Price/ Call Closing
Date Scrip Name Action (On closing P/L at Exit/ Target 1 Target 2
Sell Price Price/ CMP
Basis ) Current
06-Jan-20 Ujjivan Jan Fut Sell 357.00 341.85 334.95 2.02% 315.00 302.00
03-Jan-20 Glenmark Jan Fut Buy 336.00 353.45 340.15 -3.76% 384.00 424.00
01-Jan-20 Godrej CP Jan Fut Sell Exit 686.45 685.60 0.12% 647.00 625.00
01-Jan-20 Escorts Jan Fut Sell 642.00 624.75 608.00 2.68% 575.00 560.00
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
06-Jan-20 Cadila HC Jan Fut Sell 260.60 256.35 255.70 0.25% 248.00 244.00
06-Jan-20 Voltas Bank Jan Fut Sell 666.00 654.50 650.45 0.62% 642.00 628.00
06-Jan-20 Indusind Bank Jan Fut Sell Booked Profit 1508.00 1478.85 1.93% 1475.00 1450.00
03-Jan-20 Divis Lab Jan Fut Sell Exit 1844.05 1833.00 0.60% 1800.00 1782.00
03-Jan-20 Bajaj Finance Jan Fut Sell Booked Profit 4207.50 4133.70 1.75% 4120.00 4050.00
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

January 07, 2020 3

Sharekhan Eagle Eye Equities

CTFT (Carry Today For Tomorrow)

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

06-Jan-20 Ujjivan Jan Fut Sell 339.00 334.15 334.95 -0.24% 328.00 323.00
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 / Support /
Index Target Trend Reversal Index Target Trend Reversal
Resistance Resistance

Bank Nifty 32900 á 30800 30800 / 32900 Bank Nifty 33540 á 29600 29600 / 33540

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 Trader Bank Nifty Daily

Support Resistance

30996 31526

30789 31989

30500 32057

20 DSMA 40 DEMA

31989 31526

Key Indices
Particulars Target Trend Reversal Support / Resistance

Nifty Auto 8500 á 7568 7568 / 8500

Nifty Fin. Service 15027 á 13900 13900 / 15027

Nifty FMCG 29100 â 30800 29100 / 30800

Nifty IT 16218 á 15500 15500 / 16218

Nifty Metal 3045 á 2700 2700 / 3045

Nifty Pharma 8650 á 7775 7775 / 8650

Nifty Mid Cap 100 18400 á 16800 16800 / 18400

Nifty Small Cap 100 6200 á 5770 5770 / 6200

January 07, 2020 4

Sharekhan Eagle Eye Equities

Day Trader’s Hit List

For January 07, 2020
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
NIFTY Jan Futures 11906.0 11966.0 12038.5 12080.0 12173.0 Sell on rise near R1

Bank Nifty Jan Futures 31065.0 31220.0 31350.0 31510.0 31800.0 Sell on rise near R1

Axis Bank 703.0 715.3 722.50 728.0 736.0 Sell on rise near R1

Bajaj Finance 3880.0 3983.8 4000.10 4050.0 4093.0 Sell on rise near R1

HDFC 2336.0 2371.0 2388.00 2400.0 2424.0 Sell Below S1

HDFC Bank 1220.0 1236.0 1241.00 1247.0 1255.0 Sell on rise near R1

Hindustan Unilever 1893.0 1907.0 1917.00 1929.0 1959.0 Sell Below S1

INFOSYS 724.0 732.0 738.50 744.0 753.8 Sell Below S1

ICICI Bank 518.0 523.8 525.7 529.0 538.0 Sell Below S1

ITC 229.0 233.8 235.30 239.5 242.8 Sell Below S1

Kotak Bank 1607.0 1638.6 1653.8 1664.7 1682.0 Buy Above R1/ Sell Below S1

LNT 1291.2 1304.0 1315.5 1328.0 1338.0 Sell Below S1

Maruti 6864.0 6981.0 7032.0 7100.0 7211.0 Sell on rise near R1

Reliance Industries 1460.0 1477.0 1500.0 1512.0 1528.0 Buy Above R1/ Sell Below S1

SBI 308.0 313.3 318.3 322.0 329.0 Sell on rise near R1

SunPharma 431 435.1 439.0 443 449 Buy Above R1/ Sell Below S1

Tata Steel 461.0 470.6 473.0 476.8 485.0 Sell Below S1

TCS 2164.0 2187.9 2201.4 2210.0 2232.0 Buy Above R1/ Sell Below S1

Titan 1138.7 1150.1 1157.0 1171.4 1182.3 Sell Below S1

Zeel 244.4 256.6 261.6 266.2 275.0 Sell Below S1

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

January 07, 2020 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 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.