Technical Analysis 01 March 2016

Tech Report
A DALMIA RESEARCH CENTRE REPORT

NIFTY

6987

Yesterday, Nifty started the trading session on a jittery note and soon slipped to lower level. The intensity of the
selling pressure was so immense that Nifty lost 100 points within seconds. As the index tested the level of 6825,
strong buying pressure witnessed resulting to one way up move and managed to recover all the losses. At one
point of time Nifty was up by 50 points but as the trading session progressed to closing session the index lost all
the gains and slipped again into the negative zone. In the end after a highly volatile session Nifty closed on a
weak note at 6987. Technically, Nifty is still in a bearish trend so we expect the downside to continue to level of
6850.

Level 1
SUPPORT

6950

RESISTANCE

7000

Level 2
6925
7030

Level3
6900
7050

Of 8100
18

Dalmia Research Center is the research desk of Dalmia Securities Private Limited (the Firm), which does and seeks to do business with companies covered in its research reports.
As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this report. Investors should consider this report as only a single
factor in making their investment decision.

Tech Report

01 March 2016
Technical calls

LICHSGFIN

421.85

5
Strategy

BUY

Price range
421

Stop loss
415

Target
445

Time Frame
3 Days

LICHSGFIN has given buoyant closing above the DMA 20. Technical indications are also indicating further
upside. So we recommend going long on the stock.
er
ZEEL

372.35
Strategy
SELL

Price range
372

Stop loss
385

Target
365

Time Frame
3 DAYS

ZEEL has given weak closing below the support level of 375. Again, technical indication on the daily chart
signalling further downside. So we recommend going short on the stock.

Tech Report

01 March 2016

Institutional Sales Desk

R F Jetha
Malay Kampani

President, Institutional Operation

rfj@dalmiasec.com

+912230272815-16

Vice President - Institution

malay.kampani@dalmiasec.com

+919831246854

rajesh.chura@dalmiasec.com

+033 66120500

Non-Institutional Sales Desk

Rajesh Chura

President, Operation

Dalmia Securities Private Limited

Ideal Plaza 11/1 Sarat Bose Road, Kolkata 700020
Phone No: 91-33-22806544-49, Fax No. 91-33-22806643
Website www.dalmiasec.com
Khetan Bhavan, Flat No. 17, 2nd Floor, 198 Jamshedji Tata Road Churchgate, Mumbai 400020
Phone No: 91-22-30272815-16, Fax No 91-22-30272820

Disclaimer
This document is not for public distribution and has been furnished to you solely for your information. This material is for the personal information of the
authorized recipient, and we are not soliciting any action based upon it. This report is not to be construed as an offer to sell or the solicitation of an offer to buy
any security in any jurisdiction where such an offer or solicitation would be illegal. The material is based upon information that we consider reliable, but we do
not represent that it is accurate or complete, and it should not be relied upon as such. Neither Dalmia Securities (P) Ltd, nor any person connected with it, accepts
any liability arising from the use of this document. The recipient of this material should rely on their investigations and take their own professional advice.
Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a reasonable basis the information
discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Prospective investors and others are cautioned
that any forward- looking statements are not predictions and may be subject to change without notice.
We and our affiliates, officers, directors, and employees, including persons involved in the preparation or issuance of this material may; (a) from time to time,
have long or short positions in, and buy or sell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other transaction involving such
securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company(ies) discussed herein or act as advisor
or lender / borrower to such company(ies) or have other potential conflict of interest with respect to any recommendation and related information and opinions.
The same persons may have acted upon the information contained here.