Eagle Eye Equities

July 15, 2019

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

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Sharekhan Eagle Eye Equities

Punter’s Call
Bears dominate

July 12, 2019 Nifty daily: 11552.5

The Nifty attempted to cross the hurdle of 11600-

11620 on the upside but couldn’t sustain at highs. The
junction of the 40-hour exponential moving average
(HEMA) and the hourly upper Bollinger Band also
acted as a key barrier. Thus, the index tumbled down
towards the end of the session and closed in the red.
In terms of price patterns, the index has formed a
bearish Flag pattern on the hourly chart with a mild
throw over July 12. The Nifty will be set for a sharp
fall once this pattern is breached on the downside.
As per the candlestick study, the Nifty has formed a
bearish Engulfing candle on the daily chart. A higher
timeframe i.e. the weekly chart shows that the week
was dominated by the bears resulting in the index 60-minute
breaching the 20-week moving average, which is a
crucial medium-term moving average. So the crux
of the argument is that the bears are occupying a
dominant position and are expected to drag the Nifty
down going ahead. On the downside, 11500 and 11461
will be the initial levels to watch out for, with the index
holding a potential to head further down.
Other technical observations
On the daily chart, the Nifty is below the 20-day
moving average (DMA) and the 40-DEMA of 11739
and 11718, respectively. The momentum indicator is in
bearish mode on the daily chart.
On the hourly chart, the Nifty is below the 20-hour
moving average (HMA) and the 40-HEMA of 11558 Market breadth
and 11620, respectively. The hourly momentum
BSE NSE
indicator is in bullish mode. The market breadth was
Todays Close 38736.23 11552.5
positive with 883 advances and 847 declines on the
Advances 1195 883
National Stock Exchange.
Decline 1256 847
Unchanged 143 357
Volume (Rs.) 1776.05 33199.59

July 15, 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
Nifty 11200 12104 11200 / 12104 Nifty 12220 á 11107 11107 / 12220

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
11461 11640
11308 11718
11260 11739
20 DSMA 40 DEMA
11739 11718

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
12-Jul-19 Bank Of Baroda July Fut Sell 133.30 125.90 126.20 -0.24% 114.40 108.00
10-Jul-19 DLF July Fut Sell 185.00 175.25 183.90 -4.94% 162.00 155.00
5-Jul-19 Cummins Ind July Fut Sell 776.00 734.95 752.00 -2.32% 664.00 617.00
5-Jul-19 ACC July Fut Sell 1,612.00 1,555.80 1,579.25 -1.51% 1,480.00 1,405.00
28-Jun-19 MFSL July Fut Sell Exit 414.25 413.45 0.19% 380.00 350.00
26-Jun-19 Tata Chemical July Fut Sell 638.00 620.05 602.00 2.91% 552.00 514.00
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
12-Jul-19 RBL Bank July Fut Sell 652.50 640.85 637.55 0.51% 621.00 611.00
12-Jul-19 Infratel July Fut Buy 262.30 266.90 263.40 -1.31% 272.00 275.00
12-Jul-19 Muthoot Fin July Fut Sell Stopped Out 616.00 624.00 -1.30% 607.00 598.00
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

July 15, 2019 3

Sharekhan Eagle Eye Equities

CTFT (Carry Today For Tomorrow)

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

12-Jul-19 CESC July Fut Sell Fut 791.00 780.00 782.55 -0.33% 770.00 760.00
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

July 15, 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
Bank Nifty 28850 31784 28850 / 31784 Bank Nifty 32300 á 28520 28520 / 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

Support Resistance

30346 30700

30115 30871

29740 31004

20 DSMA 40 DEMA

30868 30700

July 15, 2019 5

Sharekhan Eagle Eye Equities

Day Trader’s Hit List

For July 15, 2019
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
NIFTY Futures 11343.0 11528.0 11546.0 11600.0 11643.0 Sell Below S1

Bank Nifty Futures 30123.0 30562.0 30616.0 30721.0 30810.0 Sell Below S1

Axis Bank 743.0 751.0 754.00 759.0 766.0 Sell Below S1

Bajaj Finance 3201.0 3366.0 3381.00 3425.0 3454.0 Sell Below S1

BHEL 62.0 64.4 64.8 66.0 67.0 Sell Below S1

BPCL 334.0 344.0 345.60 347.5 351.0 Sell Below S1

HDFC 2215.0 2248.0 2250.85 2266.0 2279.0 Sell Below S1

HDFC Bank 2366.0 2385.0 2390.10 2409.0 2418.0 Sell Below S1

Hindustan Unilever 1685.0 1708.0 1720.05 1732.0 1743.0 Sell Below S1

INFOSYS 711.0 719.0 730.55 735.0 743.0 Buy Above R1/ Sell Below S1

ICICI Bank 417.0 424.0 427.0 429.0 432.0 Sell Below S1

LIC Housing 525.0 532.6 535.8 545.0 552.0 Sell Below S1

LNT 1431.0 1462.0 1468.0 1475.0 1491.0 Sell Below S1

Reliance Industries 1253.0 1275.0 1279.6 1288.0 1295.0 Sell Below S1

SBI 357.0 361.0 363.1 366.6 375.0 Sell Below S1

SunPharma 389 402 407.0 412 418 Buy Above R1/ Sell Below S1

Tata Motors 155.0 157.0 159.1 162.9 168.0 Buy Above R1

TISCO 453.0 466.0 472.6 479.5 491.5 Buy Above R1/ Sell Below S1

TCS 2041.0 2093.0 2109.0 2141.0 2160.0 Sell Below S1

Yes Bank 86.0 91.6 94.4 95.0 97.0 Sell Below S1

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

July 15, 2019 6

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