Equity Technical Report (08 - 12 Aug)
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The Zoid Research weekly report from August 8 to August 12, 2016, discusses the Nifty 50 index's performance, which closed at 8683.15, gaining 44.65 points or 0.52%. The report highlights market consolidation after reaching a one-year high and suggests future bullish trends, advising to buy Nifty future around 8700 with a target of 8800. Technical indicators show support levels around 8550 and resistance levels at 8700-8800, with detailed pivot levels and stock recommendations included.
![EQUITY TECHNICAL REPORT
WEEKLY
[8 AUG to 12 AUG 2016]
ZOID RESEARCH TEAM](https://image.slidesharecdn.com/equityreport8augto12aug-160806080441/85/Equity-Technical-Report-08-12-Aug-1-320.jpg)
![WEEKLY TECHNICAL REPORT
8 AUG TO 12 AUG 16
www.zoidresearch.com ZOID RESEARCH TEAM
NIFTY 50 8683.15 (44.65) (0.52%)
The Week has started on a bullish; Nifty
consolidated after making a fresh one year
high on the back of negative cues coming from
international markets. The market was come
down wiped off all its gains to settle the day
Nifty ends below 8650-mark on Monday. On
Tuesday, The Nifty closed with a loss of 14
points at 8622. The Nifty opened at 8647
hitting a high of 8687 and low of 8611. On
Wednesday, The Nifty closed with a loss of 78
points at 8544 And Nifty cracked below the
level of 8550 and made a support level of
8525. The Wednesday market was volatile due
to the Rajyasabha Finally, passage of the
Goods and Services Tax (GST) Bill. On
Thursday, Volatility was there in the market.
Nifty continues to follow the down trend, but
nifty take a support level of 8525 and close
above level of 8550. We had recommended on
last week research report (see our weekly
report 1AUG to 5 AUG) [WE ADVISED TO
BUY NIFTY FUTURE AROUND 8600-8615
TARGET 8680-8780. OUR TARGET
ACHIEVED ON FIRDAY 2 AUG 2016 NIFTY
FUTURE MADE A HIGH AT 8747] On Friday,
Trading for the week ended with strong gains
132 points and nifty take a resistance level of
8700 and close below at 8683. The Nifty50
(spot) opened the week at 8654.30, made a
high of 8711.30 low of 8511.40 and closed the
week at 8683.15. Thus the Nifty closed the
week with a gaining of 44.65 points or 0.52%.
Formations
The 20 days EMA are placed at
8544.41
The 5 days EMA are placed at
8616.26
Future Outlook:
The Nifty daily chart is bullish; we
advised to buy Nifty future around 8700
target 8800. The Nifty future selling
pressure below 8550 and down trend
target will be 8440. Nifty upside weekly
Resistance is 8700-8800 level. On the
downside strong support 8550-8425](https://image.slidesharecdn.com/equityreport8augto12aug-160806080441/85/Equity-Technical-Report-08-12-Aug-2-320.jpg)
Equity Technical Report (08 - 12 Aug)
- 1. EQUITY TECHNICAL REPORT WEEKLY [8 AUG to 12 AUG 2016] ZOID RESEARCH TEAM
- 2. WEEKLY TECHNICAL REPORT 8 AUG TO 12 AUG 16 www.zoidresearch.com ZOID RESEARCH TEAM NIFTY 50 8683.15 (44.65) (0.52%) The Week has started on a bullish; Nifty consolidated after making a fresh one year high on the back of negative cues coming from international markets. The market was come down wiped off all its gains to settle the day Nifty ends below 8650-mark on Monday. On Tuesday, The Nifty closed with a loss of 14 points at 8622. The Nifty opened at 8647 hitting a high of 8687 and low of 8611. On Wednesday, The Nifty closed with a loss of 78 points at 8544 And Nifty cracked below the level of 8550 and made a support level of 8525. The Wednesday market was volatile due to the Rajyasabha Finally, passage of the Goods and Services Tax (GST) Bill. On Thursday, Volatility was there in the market. Nifty continues to follow the down trend, but nifty take a support level of 8525 and close above level of 8550. We had recommended on last week research report (see our weekly report 1AUG to 5 AUG) [WE ADVISED TO BUY NIFTY FUTURE AROUND 8600-8615 TARGET 8680-8780. OUR TARGET ACHIEVED ON FIRDAY 2 AUG 2016 NIFTY FUTURE MADE A HIGH AT 8747] On Friday, Trading for the week ended with strong gains 132 points and nifty take a resistance level of 8700 and close below at 8683. The Nifty50 (spot) opened the week at 8654.30, made a high of 8711.30 low of 8511.40 and closed the week at 8683.15. Thus the Nifty closed the week with a gaining of 44.65 points or 0.52%. Formations The 20 days EMA are placed at 8544.41 The 5 days EMA are placed at 8616.26 Future Outlook: The Nifty daily chart is bullish; we advised to buy Nifty future around 8700 target 8800. The Nifty future selling pressure below 8550 and down trend target will be 8440. Nifty upside weekly Resistance is 8700-8800 level. On the downside strong support 8550-8425
- 3. WEEKLY TECHNICAL REPORT 8 AUG TO 12 AUG 16 www.zoidresearch.com ZOID RESEARCH TEAM Weekly Pivot Levels for Nifty 50 Stocks Script Symbol Resistance2 Resistance1 Pivot Support 1 Support 2 NIFTY 50 (SPOT) 8831 8756 8638 8564 8444 AUTOMOBILE BAJAJ-AUTO 2992.03 2927.07 2816.03 2751.07 2640.03 BOSCHLTD 25795.67 25415.38 24869.67 24489.38 23943.67 EICHERMOT 23876.32 23049.73 22027.37 21200.78 20178.42 HEROMOTOCO 3639.18 3541.57 3368.58 3270.97 3097.98 M&M 1532.27 1508.13 1469.62 1445.48 1406.97 MARUTI 5184.38 5063.02 4917.63 4796.27 4650.88 TATAMTRDVR 348.68 339.97 326.08 317.37 303.48 TATAMOTORS 546.73 531.57 503.53 488.37 460.33 CEMENT & CEMENT PRODUCTS ACC 1768.18 1744.62 1700.88 1677.32 1633.58 AMBUJACEM 287.60 281.75 270.80 264.95 254.00 GRASIM 5628.55 5447.00 5179.50 4997.95 4730.45 ULTRACEMCO 3968.47 3887.68 3762.22 3681.43 3555.97 CONSTRUCTION LT 1645.13 1578.67 1519.53 1453.07 1393.93 CONSUMER GOODS ASIANPAINT 1177.22 1160.28 1137.67 1120.73 1098.12 HINDUNILVR 957.07 941.28 925.07 909.28 893.07 ITC 267.15 259.85 254.70 247.40 242.25 ENERGY BPCL 628.18 607.37 582.68 561.87 537.18 GAIL 395.85 389.20 379.85 373.20 363.85 NTPC 166.68 164.07 160.38 157.77 154.08 ONGC 232.52 229.23 223.42 220.13 214.32 POWERGRID 184.63 180.57 177.13 173.07 169.63 RELIANCE 1043.55 1029.90 1006.65 993.00 969.75 TATAPOWER 74.10 72.60 71.55 70.05 69.00 FINANCIAL SERVICES AXISBANK 587.18 577.22 559.03 549.07 530.88 BANKBARODA 168.15 162.90 154.45 149.20 140.75 HDFCBANK 1276.58 1262.92 1245.28 1231.62 1213.98 HDFC 1435.23 1388.67 1350.88 1304.32 1266.53 ICICIBANK 272.48 259.22 247.93 234.67 223.38 INDUSINDBK 1239.07 1211.83 1184.67 1157.43 1130.27 KOTAKBANK 794.12 784.23 766.12 756.23 738.12 SBIN 240.65 236.70 229.95 226.00 219.25 YESBANK 1301.12 1279.78 1241.67 1220.33 1182.22
- 4. WEEKLY TECHNICAL REPORT 8 AUG TO 12 AUG 16 www.zoidresearch.com ZOID RESEARCH TEAM INDUSTRIAL MANUFACTURING BHEL 156.43 147.07 139.63 130.27 122.83 IT HCLTECH 916.92 869.33 810.92 763.33 704.92 INFY 1099.80 1083.90 1071.95 1056.05 1044.10 TCS 2761.70 2705.40 2668.70 2612.40 2575.70 TECHM 527.22 511.13 493.62 477.53 460.02 WIPRO 568.07 557.63 551.32 540.88 534.57 MEDIA & ENTERTAINMENT ZEEL 522.07 509.23 496.52 483.68 470.97 METALS COALINDIA 338.03 333.72 327.18 322.87 316.33 HINDALCO 151.17 147.43 140.52 136.78 129.87 TATASTEEL 401.73 391.72 372.98 362.97 344.23 SERVICES ADANIPORTS 245.33 239.67 230.58 224.92 215.83 PHARMA AUROPHARMA 838.88 804.42 772.33 737.87 705.78 CIPLA 547.55 540.40 527.85 520.70 508.15 DRREDDY 3069.57 3039.13 2984.57 2954.13 2899.57 LUPIN 1794.08 1734.37 1688.18 1628.47 1582.28 SUNPHARMA 873.03 857.47 839.38 823.82 805.73 TELECOM BHARTIARTL 381.30 372.65 362.85 354.20 344.40 INFRATEL 416.72 402.98 394.77 381.03 372.82 IDEA 109.87 108.03 105.17 103.33 100.47 Weekly Top gainers stocks Script Symbol Previous Close Current Price % Change In Points HCLTECH 752.95 821.75 9.14% 68.80 HINDALCO 133.55 143.70 7.60% 10.15 GRASIM 4894.50 5265.45 7.58% 370.95 HEROMOTOCO 3203.15 3443.95 7.52% 240.80 TATASTEEL 355.05 381.70 7.51% 26.65 Weekly Top losers stocks Script Symbol Previous Close Current Price % Change In Points ICICIBANK 262.90 245.95 -6.45% -16.95 BHEL 145.90 137.70 -5.62% -8.20 LUPIN 1739.85 1674.65 -3.75% -65.20 LT 1558.85 1512.20 -2.99% -46.65 AUROPHARMA 791.45 769.95 -2.72% -21.50
- 5. WEEKLY TECHNICAL REPORT 8 AUG TO 12 AUG 16 www.zoidresearch.com ZOID RESEARCH TEAM Weekly FII’S Statistics* DATE Buy Value Sell Value Net Value 5/AUG/2016 4264.48 3828.85 435.63 4/AUG/2016 4144.11 3584.62 559.49 3/AUG/2016 4698.92 4120.63 578.17 2/AUG/2016 4914.92 4378.65 536.27 1/AUG/2016 5928.19 5201.97 726.22 Weekly DII’S Statistics* DATE Buy Value Sell Value Net Value 5/AUG/2016 2163.06 1546.74 616.32 4/AUG/2016 1682.14 2209.25 -527.11 3/AUG/2016 1674.42 2475.17 -800.75 2/AUG/2016 2234.26 2617.49 -383.23 1/AUG/2016 2159.81 2573.58 -413.77 MOST ACTIVE NIFTY CALLS & PUTS EXPIRY DATE TYPE STRIKE PRICE VOLUME OPEN INTEREST 25/AUG/2016 CE 8700 208285 4015725 25/AUG/2016 CE 8800 175609 5421075 25/AUG/2016 CE 8900 129310 4604850 25/AUG/2016 PE 8600 183436 4649925 25/AUG/2016 PE 8500 150786 5329725 25/AUG/2016 PE 8400 123576 4517175 MOST ACTIVE BANK NIFTY CALLS & PUTS EXPIRY DATE TYPE STRIKE PRICE VOLUME OPEN INTEREST 11/AUG/2016 CE 19000 75690 233360 11/AUG/2016 CE 19100 40181 188320 11/AUG/2016 CE 19200 35795 133360 11/AUG/2016 PE 18500 52336 283600 11/AUG/2016 PE 18700 36537 117520 11/AUG/2016 PE 18600 28475 115600
- 6. WEEKLY TECHNICAL REPORT 8 AUG TO 12 AUG 16 www.zoidresearch.com ZOID RESEARCH TEAM Weekly Recommendations: DATE SYMBOL STRATEGY ENTRY TARGET STATUS 6 AUG 16 BHARATFORG BUY ON DEEP 800-795 835-875 OPEN 30 JULY 16 RELCAPITAL BUY ON DEEP 440-442 458-480 OPEN 23 JULY 16 ITC BUY ABOVE 254 265-275 BOOK AT 262 16 JULY 16 JETAIRWAYS SELL BELOW 555 530-505 EXIT AT 580 9 JULY 16 RELIANCE SELL ON RISE 980-982 940-900 NOT EXECUTED 2 JULY 16 GAIL BUY ON DEEP 390-392 406-422 OPEN 17 JUN 16 HDFC BUY ON DEEP 1220-1210 1260-1300 ALL TARGET ACHIEVED 11JUN 16 DHFL BUY ON DEEP 205-203 214-222 EXIT AT 194 28 MAY 16 HEROMOTOCO BUY ON DEEP 3000 3120-3250 ALL TARGET ACHIEVED 21 MAY 16 VOLTAS BUY ABOVE 332 345-360 BOOK AT 342 14 MAY 16 CESC BUY ON DEEP 542-540 562-585 1ST TARGET ACHIEVED 7 MAY 16 TITAN BUY ON DEEP 360-362 375-395 1ST TARGET ACHIEVED 30 APR 16 GLENMARK BUY ON DEEP 828-825 862-900 1ST TARGET ACHIEVED 22 APR 16 PFC BUY ON DEEP 175-173 182-190 1ST TARGET ACHIEVED * FII & DII trading activity on NSE, BSE, and MCX’SX in Capital Market Segment (in Rs. Crores) DISCLAIMER Stock trading involves high risk and one can lose Substantial amount of money. The recommendations made herein do not constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be made that recommendations contained herein will be profitable or they will not result in losses. Readers using the information contained herein are solely responsible for their actions. The information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on technical analysis only. NOTE WE HAVE NO HOLDINGS IN ANY OF STOCKS RECOMMENDED ABOVE Zoid Research Office 101, Shagun Tower A.B. Commercial Road, Indore 452001 Mobile: +91 9039073611 Email: info@zoidresearch.com Website: www.zoidresearch.com