SAI PROFICIENT RESEARCH

INVESTMENT

INTRA DAY REPORT

DATE:- 15-MARCH-2016

WWW.SAIPROFICIENT.COM,+919981999934

MARKET OUTLOOK
SENSEX Closed with (-253.11 )or (-1.02%) at 24,551.17
NIFTY Closed with (-78.15) or (-1.04%) at 7460.60
BANKNIFTY Closed with (+49) or (+0.32 )at 15,326.80
Tata Steel eyes Odisha plant integrated production by September
Adani port declared interim dividend of Rs. 1.10/- per equity share (i.e. 55%) of Rs. 2/- each
of the Company for the financial year 2015-16.
Top lender State Bank of India has said it has seen a steady decline in the number of zero
balance accounts opened under the financial inclusion drive and their count is now below 46
per cent.
ICICI bank Raise USD 700 million via 10-yeardollar bonds
Zee Enterprises Acquire 100 percent stake in fly by wire international, acquisition will be in
all cash.

NIFTY50

FED METTING SETS MOOD FOR A FLAT NIFTY OPENING

The 50-share NSE Nifty failed to hold 7545 level in trade today, down (78.15) points to 7460.60
at close.

OBSERVATION:Nifty closed at 7460 with a loss of 78.15points. On the daily chart the index has formed a
Bearish candle indicating negative bias.The index is moving in a Higher Top and Higher Bottom
formation on the daily chart indicating sustained up trend. The chart pattern suggests that if Nifty
crosses and sustains above 7500 level it would witness buying which would lead the index
towards 7580-7640 levels.However if index breaks below 7450 level it would witness selling
which would take the index towards 7400-7380. Nifty continues to remain in an uptrend in the
short to medium term, so buying on dips continues to be our preferred strategy. The daily
strength indicator RSI is moving upwards and above its reference line indicating positive bias.
However momentum oscillator Stochastic has turned negative from the overbought zone
indicating a possible consolidation or a down move in the near term The trend deciding level for
3

the day is 7500. If NIFTY trades above this level then we may witness a further rally up to 75407595-7640 levels. However, if NIFTY trades below 7495 levels then we may see some profit
booking initiating in the market, which may correct up to 7440-7395-7340 level.

Date

Index

Open

Close

High

Low

15-3-2016

Nifty

7545

7460.60

7555.95

7470.20

Resistance 2

Resistance 1

Support 1

Support 2

7550

7500

7450

7400

BANK NIFTY
Bank Nifty unlikely to in perform nifty 50

Date

Index

Open

Close

High

Low

15-3-2016

Bank Nifty

15350

15226.80

15449.
90

15350

Resistance 2
15280

Resistance 1

Support 1

Support 2

15250

15200

15160

ICICI BANK
ICICI Bank Raise USD 700 million via 10-yeardollar bond

. Date

Stock

CMP

Open

Close

High

Low

15-3-2016

ICICI BANK

221.05

222.80

221.35

224.85

220.50

Resistance 2 Resistance 1
240

230

Support 1

Support 2

210

200

ZEE ENTERPRISES
Acquire 100 percent stake in fly by wire international, acquisition will be in all
cash

Date

Stock

CMP

Open

Close

15-3-2016

ZEE
ENTERPRISES

384.85

399.10

386.30

Resistance 2
400

Resistance 1
392

High
402.25

Support 1

Support 2

380

372

Low
384.50

AUROBINDO PHARMA
Gets USFDA approval for Ibandronate sodium tablet (used to treat osteoporosis)

Date

Stock

CMP

Open

Close

High

Low

14-3-2016

AURO
PHARMA

708.30

736.20

709.75

737.50

704

Resistance 2

Resistance 1

Support 1

Support 2

726

713

703

694

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