Documentos de Académico
Documentos de Profesional
Documentos de Cultura
for
EQUITY
TECHNICAL
REPORT
WEEKLY
ZOID
RESEARCH
TEAM
Nifty was opened at the level of 11164.40 during starting of the week as followed by bearish
trend. Nifty spot still trading below 10 EMA in weekly chart and showing a almost black
crows technical pattern. In the last five days of trading sessions somehow Nifty spot has
been traded in a consolidation range b/w 11160-10850 with lots of zigzag and still closing
below 10 EMA and 200 EMA in daily chart. Nifty spot has completed 50% on Fibonacci and
may take a short support from the same level. If falling further then we can expect Nifty
spot to be kissing the level of 10650-10350 in further expiry.
BANK @ 25119
Nifty Bank was opened with covering spike shadow of previous week’s candle and could not
able to survive on positive note. Banking sector imposing heavy Supply and traded below
10 EMA and 200 EMA during the weekly trading session. In the last four trading session
Bank nifty has framed Evening star technical pattern and finally close with Dojji candle
which is quite positive sign for some recovery in Bank Nifty. If bank nifty surging on n Bull
side then can pull back up to for the level of 25700 which is 10 EMA level in daily chart.
Bank nifty has already completed 78.6% in Fibonacci and taking some small support from
the same level
SCRIPT NAME:- ACC 1552.80 ACTION:- SELL STRATEGY :- SELL ON RISE STOPLOSS :- 1630 ABOVE
JUSTIFICATION
ACC industries had been framed a rally base drop pattern in weekly chart also share trading below 50 days
moving average as per pattern we have recommended sell on rise with target 1492 to 1458 and strong
resistance level is 1621 .
SCRIPT NAME:- HDFCBANK CMP :- 2012.10 ACTION:- BUY STRATEGY :- BUY ON DIPS STOPLOSS :-1944 BELOW
JUSTIFICATION
HDFC BANK taking support of 50 days moving average in weekly chart and made a bullish big
white candle we have recommend buy on dips strategy with target 2052 to 2092 and strong
support level 1944
SCRIPT NAME:- BHARTIARITL CMP:338.55 ACTION:- Sell STRATEGY :- Sell on rise STOPLOSS :- 362 ABOVE
JUSTIFICATION
BHARTIAIRTL in this week facing huge selling pressure, this week it given close around 338.55 near
to weekly close, sell on rise strategy don’t hurry for buy, sell on rise for intraday basis, best selling
levels around 347-348 and according to weekly chart it has strong resistance around 360-362 when
it close above these levels then some upside move possible, otherwise downside it will be go for 325-
315 also watch out.
SCRIPT NAME:- DLF (CASH) CMP :- 162.55 ACTION:-Sell STRATEGY :- Sell on rise STOPLOSS :-185+
JUSTIFICATION
DLF in weekly chart continue facing selling pressure, this week is given close around 162.55, sell on
rise strategy don’t go for buy side if it close below 200 DMA levels then major downfall we will see in
upcoming sessions upside it has strong resistance around 185, and best selling levels around 170-
175 on weekly basis watch out.
WEEKLY RECOMMENDATIONS:
01 OCT BANK NIFTY PUT BUY ABOVE 210 FOR 400 PE 25000
2018
01 OCT YESBANK PUT BUY ABOVE 21 FOR 30 PE 180
2018
01 OCT TATASTEEL CALL BUY ABOVE13.10 FOR 25 CE 620
2018
01 OCT RELIANCE CALL BUY ABOVE 25.50 FOR CE 1300
2018 40
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
202, Mangal City Mall,
PU-4 Plot No.A-1,Sch No. 54
Vijay Nagar Circle, AB Road, Indore
Pin : 452001
Mobile: +91 9039073611
Email: info@zoidresearch.com
Website: www.zoidresearch.com