Eagle Eye Equities

May 02, 2019

Index
Punter’s Call
Looking Trendy
Nifty Day Trader
Smart Charts
Momentum Swing
CTFT (Carry Today For Tomorrow)
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
Consolidation continues

April 30, 2019 Nifty daily: 11,748.15

4.5
4.0
3.5
3.0
2.5
2.0

The Nifty, after a flat opening, nose-dived in the initial 1.5

1.0
0.5
0.0
-0.5
-1.0

hours of the day. On the downside, however, selling

-1.5

- NIFTY 50 [NIFTY] 11900

11850
11800

pressure abated near the 20-day moving average.

11750
11700
11650
11600

A rising trendline from the recent swing lows also

11550
11500
11450
11400

helped absorb the selling pressure. The index

11350
11300
11250
11200

formed a base at that level and recovered sharply 11150

11100
11050
11000

towards the end of the session. The hourly chart 10950

10900
10850
10800

shows that the index has formed a triangle within a 10750

10700
10650

10600

triangle. As per the overall structure, this is likely to be 10550

10500

10450

bullish. This means that the patterns can eventually

18 25 5 11 18 25 1 8 15 22 30 6 13
March April May

break on the upside thus allowing the Nifty to head

60-minute
towards 12000 and then 12170 in the short term. The
1.0

daily Bollinger Bands are looking to expand after a 0.5

0.0

sharp contraction suggesting that the consolidation -0.5

-1.0
- NIFTY 50 [NIFTY]
11900

is nearing its maturity and a sharp upmove can be 11850

11800

around the corner. On the downside, 11655-11624 11750

shall act as a key support zone for the Nifty.

11700

11650

11600

11550

11500

11450

Other technical observations 11400

11350

11300

On the daily chart, the Nifty is above the 20-day 11250

27 28 29 1 2 3 4 5 8 9 10 11 12 15 16 18 22 23 24 25 26 30 1 2

moving average (DMA) and the 40-DEMA of 11664 April May

and 11470, respectively. The momentum indicator is

bearish on the daily chart. Market breadth
BSE NSE
On the hourly chart, the Nifty is above the 20-hour
Todays Close 39031.55 11,748.15
moving average (HMA) and the 40-HEMA of 11710 and
Advances 730 468
11690, respectively. The hourly momentum indicator Decline 1784 1326
is bullish. Market breadth was negative with 468 Unchanged 172 319
advances and 1326 declines on the National Stock Volume (Rs.) 5989 38,650.29
Exchange.

May 02, 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

Nifty 12170 á 11550 11550 / 12170 Nifty 12430 á 11390 11390 / 12430

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
11656 11797
11564 11856
11470 11962
20 DSMA 40 DEMA
11664 11470

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
26-Apr-19 GAIL May Fut Buy 341.00 354.65 356.55 0.54% 375.00 390.00
26-Apr-19 STAR May Fut Buy 464.00 492.90 480.30 -2.56% 525.00 560.00
22-Apr-19 Repco Home May Fut Sell 454.00 418.15 421.85 -0.88% 372.00 340.00
18-Apr-19 Hexaware May Fut Buy 325.00 340.45 349.35 2.61% 375.00 400.00
18-Apr-19 Amaraja Bat May Fut Sell Exit 702.10 669.45 4.65% 670.00 591.00
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
26-Apr-19 Cummins Ind May Fut Buy Stopped Out 747.70 729.00 -2.50% 768.00 774.00
26-Apr-19 HDFC LTD May Fut Buy 1,955.00 1,979.00 2,007.65 1.45% 2,010.00 2,025.00
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 02, 2019 3

Sharekhan Eagle Eye Equities

CTFT (Carry Today For Tomorrow)

Closing Potential
Action Stop Loss/ Reco
Scrip Name Action Segments Price/ P/L at Target 1 Target 2
date Reversal Price
CMP CMP (%)

26-Apr-19 Canara Bank May Fut Buy Fut Stopped Out 274.25 270.00 -1.55% 279.00 283.00
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

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 97.75 -0.76% 110.00 118.00

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

May 02, 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

Bank Nifty 31780 á 29130 29130 / 31780 Bank Nifty 32300 á 29130 29130 / 32300

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

29550 30058 [NIFTY BANK FUTURES - 1 MONTH]

31500

31000

29326 30552 30500

30000

29156 30670 29500

29000

20 DSMA 40 DEMA 28500

28000

29994 29326 27500

27000

26500

26000

25500

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

May 02, 2019 5

Sharekhan Eagle Eye Equities

Day Trader’s Hit List

For May 02, 2019
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
NIFTY Futures 11710.0 11755.0 11,789.00 11824.0 11856.0 Buy Above R1/ Sell Below S1

Bank Nifty Futures 29662.0 29750.0 29,850.50 29946.0 30049.0 Buy Above R1/ Sell Below S1

Axis Bank 754.0 760.0 765.00 770.8 776.5 Buy Above R1

Bajaj Finance 3050.0 3074.0 3,100.00 3120.0 3142.0 Buy Above R1

BHEL 68.7 69.6 70.60 71.4 72.3 Go Short Below S1

BPCL 371.5 376.0 380.10 384.0 388.5 Buy Above R1

HDFC 1950.0 1970.0 1,995.50 2016.0 2040.0 Buy Above R1

HDFC Bank 2288.0 2300.0 2,319.40 2335.0 2355.0 Buy Above R1/ Sell Below S1

Hindustan Unilever 1725.0 1740.0 1,753.10 1764.0 1778.0 Buy Above R1

INFOSYS 735.0 742.0 748.80 754.0 761.0 Buy Above R1

ICICI Bank 397.0 402.0 405.70 409.5 414.0 Buy Above R1

LIC Housing 488.0 492.0 496.30 501.0 505.0 Go Short Below S1

LNT 1322.0 1335.0 1,347.10 1359.0 1372.0 Go Short Below S1

Reliance Industries 1366.0 1380.0 1,392.80 1404.0 1417.0 Buy Above R1/ Sell Below S1

SBI 304.0 308.5 311.30 314.5 319.0 Buy Above R1/ Sell Below S1

SunPharma 447 452 456.00 460.1 465 Go Short Below S1

Tata Motors 209.5 212.0 214.70 217.0 219.5 Go Short Below S1

TISCO 550.0 554.5 559.40 564.0 569.0 Buy Above R1

TCS 2225.0 2242.0 2,260.40 2279.0 2296.0 Buy Above R1

Yes Bank 161.0 164.2 166.70 169.0 171.0 Go Short Below S1

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

May 02, 2019 6

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