Eagle Eye Equities

April 08, 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

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Sharekhan Eagle Eye Equities

Punter’s Call
Indecisive week

April 05, 2019 Nifty daily: 11,665.95

The Nifty witnessed a minor bounce back today

after falling for the last couple of sessions. The index
tested an all-time high of 11760 in the week gone
by & formed a Popgun pattern on the daily chart. A
higher time frame i.e. the weekly chart shows that the
Nifty has formed a Doji near the high. A Doji indicates
indecision in the minds of market participants. The
pattern having formed after a series of positive
weeks suggests a potential reversal. Hence it will be
crucial to watch how the Nifty pans out over the next
few sessions. A correction in the market cannot be
ruled out unless the Nifty crosses the high of 11761
on a closing basis. The signs of weakness are visible
in the broader market as well. The mid cap & small 60-minute
cap indices have halted near their respective weekly
upper Bollinger Bands & are set for a correction
Other technical observations
On the daily chart, the Nifty is above the 20-day
moving average (DMA) and the 40-DEMA, i.e. 11469
and 11264 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. 11659
and 11635 respectively. The hourly momentum
indicator is in bullish mode. The market breadth was
positive with 1133 advances and 611 declines on the
National Stock Exchange.
Market breadth
BSE NSE
Todays Close 38,862.23 11,665.95
Advances 1,514 1,133
Decline 1,054 611
Unchanged 171 340
Volume (Rs.) 2,702.01 cr 30,136.31 cr

April 08, 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
11609 11761
11559 11812
11469 11900
20 DSMA 40 DEMA
11469 11264

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
5-Apr-19 Wockpharma April Fut Sell 470.00 443.45 445.50 -0.46% 410.00 383.00
4-Apr-19 KSCL April Fut Sell 483.00 462.55 478.40 -3.43% 430.00 415.00
2-Apr-19 M&M Fin April Fut Sell 435.00 416.70 420.00 -0.79% 369.00 352.00
1-Apr-19 Hexaware April Fut Buy 336.00 353.45 362.80 2.65% 375.00 400.00
28-Mar-19 Biocon April Fut Sell 629.00 598.10 616.50 -3.08% 570.00 555.00
25-Mar-19 Amaraja Bat April Fut Sell 757.00 713.40 686.75 3.74% 670.00 591.00
22-Mar-19 NIIT TECH April Fut Sell 1370.00 1332.35 1358.00 -1.93% 1220.00 1180.00
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
5-Apr-19 Ashok Leyland April Fut Buy 86.20 89.05 88.55 -0.56% 92.00 95.00
4-Apr-19 Muthoot Fin April Fut Sell Stopped Out 604.25 613.00 -1.45% 586.00 571.00
4-Apr-19 Kotak Bank April Fut Sell 1362.00 1340.10 1350.00 -0.74% 1318.00 1290.00
4-Apr-19 M & M Fin April Fut Sell 427.00 416.65 420.00 -0.80% 405.00 392.00
3-Apr-19 Sunpharma April Fut Sell Exit 470.55 467.20 0.71% 458.00 450.00
2-Apr-19 PVR April Fut Sell Stopped Out 1645.60 1677.85 -1.96% 1585.00 1551.00
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 08, 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 (%)

1-Apr-19 Balrampur Chini Buy Cash 132.00 141.25 145.65 3.12% 160.00 170.00

25-Mar-19 Glenmark April Fut Sell Fut 680.00 637.75 651.90 -2.22% 554.00 506.00

15-Mar-19 Aditya Birla Capital Buy Cash 94.50 98.50 99.65 1.17% 110.00 118.00

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

April 08, 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

29809 30241

29549 30648

29156 31089

20 DSMA 40 DEMA

29549 28756

April 08, 2019 5

Sharekhan Eagle Eye Equities

Day Trader’s Hit List

For April 08, 2019
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
NIFTY Futures 11704.0 11738.0 11775.0 11810.0 11852.0 Buy Above R1/ Sell Below S1

Bank Nifty Futures 30140.0 30248.0 30358.0 30434.0 30581.0 Buy Above R1/ Sell Below S1

Axis Bank 752.0 759.0 764.40 770.1 776.0 Go Short Below S1

Bajaj Finance 3071.0 3097.0 3123.00 3144.0 3178.0 Buy Above R1/ Sell Below S1

BHEL 71.0 72.0 72.7 73.5 74.3 Buy Above R1

BPCL 350.0 354.0 358.20 362.0 366.0 Buy Above R1/ Sell Below S1

HDFC 2040.0 2052.0 2063.50 2073.0 2088.0 Buy Above R1

HDFC Bank 2272.0 2295.0 2311.80 2331.0 2352.0 Buy Above R1

Hindustan Unilever 1632.0 1650.0 1662.50 1675.0 1695.0 Go Short Below S1

INFOSYS 745.0 752.0 759.50 766.0 774.0 Buy Above R1

ICICI Bank 385.0 388.0 391.7 395.0 399.0 Buy Above R1

LIC Housing 539.0 545.0 550.0 556.0 561.0 Buy Above R1/ Sell Below S1

LNT 1345.0 1362.0 1375.5 1390.0 1405.0 Go Short Below S1

Reliance Industries 1328.0 1342.0 1355.0 1368.0 1382.0 Buy Above R1/ Sell Below S1

SBI 310.5 314.0 317.5 321.0 324.0 Go Short Below S1

SunPharma 456 460 463.7 467 472 Go Short Below S1

Tata Motors 202.5 204.5 206.1 207.8 210.0 Buy Above R1/ Sell Below S1

TISCO 541.0 547.0 551.0 556.0 561.0 Buy Above R1

TCS 2021.0 2035.0 2051.6 2065.0 2082.0 Buy Above R1/ Sell Below S1

Yes Bank 261.0 263.5 266.5 269.0 272.0 Go Short Below S1

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

April 08, 2019 6

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