Eagle Eye Equities

May 10, 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
Swinging both ways

May 09, 2019 Nifty daily: 11301.8

4
3
2
1

The Nifty opened on a negative note on May 9 and

0
-1
-2
-3
-4

traded with a downward bias for the first half of the

-5
-6
-7
- NIFTY 50 [NIFTY] 12050
12000

day. The bulls attempted to bounce in the second

11950
11900
11850
11800
11750
11700

half but failed owing to selling activity and the Nifty 11650
11600
11550
11500
11450

ended in the red for the seventh consecutive trading

11400
11350
11300
11250
11200

session. Intraday momentum indicators are showing

11150
11100
11050
11000
10950

oversold readings, which may result into a minor

10900
10850
10800
10750
10700

degree bounce till 11360-11420 that should be used

10650
10600
10550
10500
10450

as a selling opportunity. Hence sell-on-rise would be

10400
10350
10300
10250
10200

the strategy going ahead. In the short term, 11100- 10150

10100
10050
10000

11000 shall be the target area.

9950
9900
9850
9800
9750
20 27 3 10 17 24 1 8 15 22 29 5 12 19 26 3 10 17 24 31 7 14 21 28 4 11 18 25 5 11 18 25 1 8 15 30 13 20
September October November December 2019 February March April May

Other technical observations

On the daily chart, the Nifty is below the 20-day 60-minute
moving average (DMA) and the 40-DEMA of 11628 1.5
1.0

and 11483, respectively. The momentum indicator is

0.5
0.0

-0.5

bearish on the daily chart.

-1.0
-1.5

- NIFTY 50 [NIFTY]
11950
11900
0.0% 11850

On the hourly chart, the Nifty is below the 20-hour

11800
11750
11700

moving average (HMA) and the 40-HEMA, i.e. 11422

11650
11600
23.6% 11550
11500

and 11498, respectively. The hourly momentum 38.2%

11450
11400
11350

indicator has positive cross over. Market breadth was

11300
11250
50.0%
11200

negative with 734 advances and 1005 declines on the

11150
11100
61.8%
11050
11000

National Stock Exchange (NSE). 10950

10900
10850
10800
10750
10700
10650

100.0% 10600

10550
10500

10450
4 11 18 25 5 11 18 25 1 8 15 22 30 6
February March April May

Market breadth
BSE NSE
Todays Close 37558.91 11301.8
Advances 1079 734
Decline 1389 1005
Unchanged 155 360
Volume (Rs.) 1985.26 30087.74

May 10, 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 11660 11000 / 11660 Nifty 10400 11857 10400 / 11857

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
11227 11358
11181 11449
11072 11483
20 DSMA 40 DEMA
11628 11483

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
8-May-19 Jindal Steel May Fut Sell 181.00 169.70 163.80 3.48% 155.00 149.00
8-May-19 Glenmark Pharma May Fut Sell 642.00 612.30 612.95 -0.11% 579.00 543.00
22-Apr-19 Repco Home May Fut Sell 454.00 418.15 402.75 3.68% 372.00 340.00
NOTE: Kindly note that all stop losses in Smart Charts are on closing basis unless specified.
TPB: Trailing profit booked

Momentum Swing
Poten-
Call
Action Stop Loss/ Buy Price/ tial% P/L
Scrip Name Action Closing Target 1 Target 2
Date Reversal Sell Price at Exit/
Price/CMP
Current
9-May-19 UPL May Fut Sell 968.00 952.15 954.00 -0.19% 938.00 929.00
8-May-19 IBULHSGFIN May Fut Sell 696.00 675.70 686.00 -1.52% 651.00 623.00
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

May 10, 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(%)

15-Mar-19 Aditya Birla Capital Buy Cash 94.50 98.50 96.75 -1.78% 110.00 118.00

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

May 10, 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 27600 30122 27600 / 30122 Bank Nifty 25800 30670 25800 / 30670

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

7
6
5

Support Resistance
4
3
2
1
0
-1

28902 29154
-2

[NIFTY BANK FUTURES - 1 MONTH]

31500

28700 29310
31000

30500

28488 29480
30000

29500

20 DSMA 40 DEMA
29000

28500

29871 29449
28000

27500

27000

26500

26000

25500

28 4 11 18 25 5 11 18 25 1 8 15 22 30 6 13 20
February March April May

May 10, 2019 5

Sharekhan Eagle Eye Equities

Day Trader’s Hit List

For May 10, 2019
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
NIFTY Futures 11256.0 11305.0 11341.6 11384.0 11432.0 Go Short Below S1

Bank Nifty Futures 28760.0 28902.0 28990.0 29085.0 29180.0 Go Short Below S1

Axis Bank 722.0 727.0 732.00 737.0 743.0 Go Short Below S1

Bajaj Finance 2915.0 2945.0 2969.00 2991.0 3025.0 Buy Above R1

BHEL 61.1 62.0 62.7 63.5 64.3 Go Short Below S1

BPCL 361.0 364.5 367.70 370.5 374.0 Buy Above R1/ Sell Below S1

HDFC 1884.0 1900.0 1914.10 1928.0 1945.0 Go Short Below S1

HDFC Bank 2255.0 2277.0 2292.00 2310.0 2328.0 Buy Above R1

Hindustan Unilever 1677.0 1690.0 1702.40 1715.0 1727.0 Buy Above R1/ Sell Below S1

INFOSYS 708.5 715.0 721.70 728.0 735.0 Go Short Below S1

ICICI Bank 375.0 379.0 382.5 386.0 389.5 Go Short Below S1

LIC Housing 466.0 471.0 475.5 480.0 484.5 Go Short Below S1

LNT 1333.0 1347.0 1356.0 1365.0 1378.0 Buy Above R1/ Sell Below S1

Reliance Industries 1230.0 1242.0 1253.8 1265.0 1278.0 Go Short Below S1

SBI 294.0 297.0 299.7 302.5 305.0 Go Short Below S1

SunPharma 431 436 439.2 443 447.5 Go Short Below S1

Tata Motors 181.5 184.0 186.4 188.5 190.6 Go Short Below S1

TISCO 509.5 515.0 519.9 525.0 532.0 Buy Above R1/ Sell Below S1

TCS 2139.0 2156.0 2171.2 2186.0 2205.0 Buy Above R1/ Sell Below S1

Yes Bank 167.0 169.5 171.2 173.0 176.0 Buy Above R1/ Sell Below S1

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

May 10, 2019 6

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