Eagle Eye Equities

May 09, 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
Bears in the driving seat

May 08, 2019 Nifty daily: 11359.45

The Nifty opened on a negative note on May 08 and

traded with a downward bias throughout the day. The
bulls attempted to bounce near 11400, but couldn’t
do so. Consequently, the Nifty has breached the
junction of the 40-day exponential moving average,
the daily lower Bollinger Band and the lower end of
a falling channel with a decisive margin. This shows
that the bears are having an upper hand on the index
and are determined to push the index further down.
The expanding daily Bollinger Bands are assisting the
bulls in their task. The intraday momentum indicators,
however, are showing oversold readings. This may
result into a minor degree bounce till 11450-11480.
Nevertheless, the bounce should be used as a selling 60-minute
opportunity. Hence, sell-on-rise would be the strategy
going ahead. From a short-term perspective, 11100-
11000 shall be the target area.
Other technical observations
On the daily chart, the Nifty is below the 20-day
moving average (DMA) and the 40-DEMA of 11647
and 11493, respectively. The momentum indicator is
bearish on the daily chart.
On the hourly chart, the Nifty is below the 20-hour
moving average (HMA) and the 40-HEMA of 11533
and 11583, respectively. The hourly momentum
indicator is bearish. Market breadth was negative
with 449 advances and 1309 declines on the National
Stock Exchange. Market breadth
BSE NSE
Todays Close 37789.13 11359.45
Advances 687 449
Decline 1800 1309
Unchanged 149 344
Volume (Rs.) 2028.16 31581.65

May 09, 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
11311 11449
11227 11525
11186 11578
20 DSMA 40 DEMA
11647 11493

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 181.00 169.70 170.90 -0.71% 155.00 149.00
8-May-19 Glenmark Pharma May Fut Sell 642.00 612.30 600.15 1.98% 579.00 543.00
26-Apr-19 GAIL May Fut Buy Exit 354.65 343.00 -3.28% 375.00 390.00
22-Apr-19 Repco Home May Fut Sell 454.00 418.15 400.35 4.26% 372.00 340.00
18-Apr-19 Hexaware May Fut Buy Exit 340.45 344.00 1.04% 375.00 400.00
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
8-May-19 IBULHSGFIN May Fut Sell 696.00 675.70 675.00 0.10% 651.00 623.00
7-May-19 L & T May Fut Buy Exit 1,362.95 1,364.25 0.10% 1,392.00 1,420.00
6-May-19 ITC May Fut Buy Stopped Out 302.05 297.45 -1.52% 308.00 311.00
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 09, 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 98.60 0.10% 110.00 118.00

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

May 09, 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

Support Resistance

28819 29243

28500 29435

28354 29535

20 DSMA 40 DEMA

29819 29364

May 09, 2019 5

Sharekhan Eagle Eye Equities

Day Trader’s Hit List

For May 09, 2019
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
NIFTY Futures 11337.0 11400.0 11419.0 11484.0 11513.0 Sell Below S1

Bank Nifty Futures 28862.0 29100.0 29145.0 29298.0 29418.0 Sell Below S1

Axis Bank 720.0 732.0 735.25 739.0 745.0 Sell Below S1

Bajaj Finance 2791.0 2900.0 2911.00 2949.0 2988.0 Sell Below S1

BHEL 59.0 61.5 61.9 63.0 63.8 Sell Below S1

BPCL 366.0 373.0 376.00 383.0 393.0 Buy Above R1/ Sell Below S1

HDFC 1906.0 1925.0 1933.00 1950.0 1962.0 Sell Below S1

HDFC Bank 2265.0 2288.0 2310.00 2324.0 2356.0 Buy Above R1/ Sell Below S1

Hindustan Unilever 1653.0 1675.0 1691.00 1698.0 1716.0 Buy Above R1/ Sell Below S1

INFOSYS 705.0 716.0 719.00 726.0 733.0 Buy Above R1/ Sell Below S1

ICICI Bank 376.0 380.0 382.4 386.0 389.0 Sell Below S1

LIC Housing 462.0 471.0 477.0 481.0 487.0 Sell Below S1

LNT 1338.0 1355.0 1361.0 1371.0 1389.0 Buy Above R1/ Sell Below S1

Reliance Industries 1273.0 1290.0 1298.0 1307.0 1315.0 Sell Below S1

SBI 292.0 296.5 298.5 302.0 304.0 Sell Below S1

SunPharma 423 433 436.0 441 444 Sell Below S1

Tata Motors 176.0 183.8 185.0 188.0 191.0 Sell Below S1

TISCO 514.0 520.0 522.8 525.0 528.0 Sell Below S1

TCS 2094.0 2130.0 2152.0 2168.0 2214.0 Buy Above R1/ Sell Below S1

Yes Bank 149.0 160.0 161.4 163.0 165.0 Sell Below S1

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

May 09, 2019 6

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