A Sharekhan technical research newsletter

July 21, 2015

Punters Call

A quiet session
The Nifty opened at 8601.50, down 2 points, and has
been trading in a volatile or sideways manner since then.
The index did make a new high today which completes a
five-wave pattern on the daily chart from 8315 to 8646.75
levels. The Bank Nifty is, however, unable to surpass its
previous swing high which can be a problem as it can
lead to an expanded flat or ending diagonal pattern. So
the strategy from hereon should be to book partial profits
at the current levels and trail the stop loss to 8480 for
the remaining positions. A crucial support for the Bank
Nifty is 18734 and till that is held bulls need not worry.

8551 respectively, which are crucial intra-day levels. The

hourly momentum indicator has turned positive. The market
breadth was positive with 582 advances and 852 declines
on the National Stock Exchange.
Updated at 12.00 noon

Advance

Decline

BSE

1100

1343

NSE

582

852

Moving Average (hourly)

On the hourly chart, the Nifty is trading above the 20hour moving average (HMA) and the 40-HMA, ie 8601 and

20(S)

8601

100 (S)

8475

40(S)

8549

200 (S)

8343

8700
8650
8600
8550
8500
8450
8400
8350
8300
8250
8200
8150
8100
8050
8000
7950
7900
KST (0.18304)

1
0
-1

18

19

22

23

24

25

26

29

30

1
July

10

13

14

15

16

17

20

21

22

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Looking Trendy

Short Term Trend

Index

Target

Sensex

28600

Trend

8660

u
u

Index

Target

Trend

Sensex

28600

Nifty

Reversal

Support / Resistance

Down below 27850

27850/28600

Down below 8424

8424/8660

Medium Term Trend

Nifty

u
u

8660

Up

Reversal

Support / Resistance

Down below 27200

27200 / 28600

Down below 8195

8195 / 8660

Icon guide
Down

Upswing matures

Downswing matures

Premium Technical Synopsis

Action
date

Calls

Action Segments
Reversal^

Stop loss/
(Rs)

Stop loss*
price

Reco
price
(Rs)

Closing
P/L (%)
(Rs)

Potential #
(Rs)

Tgt.1
(Rs)

Tgt.2
Rwd.

Risk/
ratio (%)

20-Jul-15 Balmer Lawrie

Buy

Cash

596.5

629.5

612

-2.78%

698

740

2/7

15-Jul-15 PVR

Buy

Cash

Book Profit

772

823

6.61%

860

910

14-Jul-15 Tata Elxsi

Buy

Cash

1249

1316.55

1374

4.36%

1456

1500

3/8

07-Jul-15 Patel Eng

Buy

Cash

73.5

79.65

82.35

3.39%

93

101

2/7

*DCL

# CMP

^Intra-day

Tgt. = Target

Rwd. = Reward

High noon

July 21, 2015

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Smart Charts
Date

Recommendation

Action

Stop Loss/
Reversal
(Intra-day)

20-Jul-15
20-Jul-15

LICHSGFIN July Fut

M & M July Fut

Buy
Buy

Stop Loss/
Reversal
DCL

Buy/Sell
Price

457
1266.45

478.1
1306.45

Closing Potential %
Price P/L at CMP
(CMP)
480.0
1309.7

0.40%
0.25%

Target1 Target 2

519
1378

551
1412

NOTE: Kindly note that all stop losses in Smart Charts Calls are on closing basis unless specified.
TPB: Trailing profit booked

Momentum Swing
For the short term1 to 5 days
Action
Date

Stock

Action

Stop loss

Price

Closing
price

Potential %
P/L at CMP

Target1

Target2

21-Jul-15

Jindal Steel July Fut

Buy

Stopped Out

79.5

77.90

-2.01%

81.8

85

21-Jul-15

L &TFH July Fut

Buy

72.5

73.85

73.65

-0.27%

76

77.5

20-Jul-15

Nifty July Fut

Buy

8521

8605.2

8621

0.18%

8730

NOTE: Kindly note that all stop losses in Momentum Calls are on an intra-day basis.
TPB: Trailing profit booked
NOTE: Action taken after market hours will be highlited in blue colour.
Rules for momentum calls:
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

Momentum Cash Ideas

For the short term1 to 10 days

Action
Date

Stock

Action

Stop loss
price

Price

Closing

Potential %
P/L at CMP

Target1

Target2

20-Jul-15

Rolta

Buy

Book Profit

109.4

114.00

4.20%

112

115

20-Jul-15
16-Jul-15

GMDCLTD

Buy

92.7

94.2

94.55

0.37%

96.4

98

RAIN

Buy

43.2

44.6

44.60

0.00%

47.5

48.9

TPB: Trailing profit booked

NOTE: Action taken after market hours will be highlited in blue colour.
Rules for momentum calls:
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

High Noon

32

July 21, 2015

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High noon

July 21, 2015

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