Learn about NSE Market and how to earn more profit from Free Intraday Trading Tips and Equity Tips, Equity Trading Tips, Nifty Tips. Sai Proficient is the Best Advisory Company In Indore.

1. JUNE 01, 2016

2. 2
“Nifty may open in FLAT indicating domestic market cues”
Indian benchmark indices are likely to open in flat with the market
indicator SGX nifty trading -6.50 points at 8,188.50 at the time of
market closed. Asian market, America market and Europe market
trading red.
TEHNICAL & DERIVATIVE REPORT
JUNE 01, 2016
SENSEX (26667.96 ) /NIFTY (8160.10)

3. 3
KEY VALUE
SUPPORT 1- 8140 RESISTANCE1- 8200
SUPPORT 2- 8080 RESISTANCE 2- 8260
.
Nifty closed at 8160.10 with a LOSS of (+18.40) points. On the daily chart
the index has formed BULLISH candle indicating negative bias.The index is
moving in a Higher Top and Higher Bottom formation on the daily chart
indicating sustained up trend. The chart pattern suggests that if Nifty crosses
and sustains above 8200 level it would witness buying which would lead the
index towards 8240-8260 levels.However if index breaks below 8140 level it
would witness selling which would take the index towards 8100-8080Nifty
continues to remain in an uptrend in the short to medium term, so buying on
dips continues to be our preferred strategy. The daily strength indicator RSI is
moving downwards and above its reference line indicating pnegative bias.
However momentum oscillator Stochastic has turned negative from the
overbought zone indicating a possible consolidation or a down move in the
near term The trend deciding level for the day is 8200. If NIFTY trades above
this level then we may witness a further rally up to 8240-8260 levels.
However, if NIFTY trades below 8140 levels then we may see some loss
booking initiating in the market, which may correct up to 7 level.8100-8080.
OBSERVATION
STRATEGY :-
NIFTY is looking Bearish on a chart for next day. One can go for buy on lower level strategy for this
index for intraday to midterm positions.

4. 4
On Friday session, the index had given a flat opening followed up with
positive momentum throughout the session. The “UPTREND” pattern
formed during the previous week on weekly charts has been negated as
the index has managed to cross the high on FRIDAY, thus indicating bulls
taking control back in their favor. If the index manages to continue its
momentum, then it could rally up to 17150-17450 range which is 127%
reciprocal retracement of the previous corrective move from 16400 to
16285. Traders are hence advised to continue to trade in the direction of
the trend and follow strict risk management strategy on their trading
positions. Intraday support for Nifty Bank is placed around 16997and
17100whereas resistance are seen around 17775.
TEHNICAL & DERIVATIVE REPO
JUNE 01, 2016
NIFTY BANK OUTLOOK- (17620.90)

5. 5
KEY VALUE
Support 1- 17550 Resistance1- 17680
Support 2- 17200 Resistance 2- 17775
ASIA MARKET:-
Index Last Traded Change
Straits Times 2,791.06 -5.69 -0.20%
Hang Seng 20,815.09 +185.70 +0.90%
SSE Composite Index
(Shanghai) 2,916.62 +94.17 +3.34%
Nikkei 225 17,234.98 +166.96 +0.98%
MARKET INDICATORS

6. 6
AMERICA :-
Index Last Traded Change
Dow
JONES 17,873.22 +44.93 +0.25%
S&P500 2,099.06 +8.96 +0.43%
Nasdaq 4,933.50 +31.73 +0.65%
EUROPE :-
Index Last Traded
Change
DAX
10,295.01 -16.57 -0.37%
FTSE 100 6,261.00 -9.79 -0.16%
CAC 40 4,512.83 -16.57 -0.37%
BEL-20 3,530.00 +23.50 +0.67%

7. 7
TATA MOTORS LTD. +9.12%
AUROBINDO PHARMA +4.09%
TATA STEEL +3.72%
BANK OF BARODA +3.18%
SBI +3.07%
SUN PHARMA -6.08%
BHARTI IFRATEL -2.98%
TATA CONSULTANCY -2.54%
GAIL INDIA -2.47%
BHARAT PETROLEUM -1.90%
TOP GAINERS
TOP LOSERS

8. 8
“Sun Pharma falls 6% on weak sales guidance, price pressure woes”
Support 1- 760 Resistance1- 775
Support 2- 752 Resistance 2- 784
KEY VALUE
TEHNICAL & DERIVATIVE REPORT
JUNE 01, 2016
SUN PHARMA

9. 9
“Coal India price unlikely to impact demand”
KEY VALUES
SUPPORT 1- 288 RESISTANCE 1 -294
SUPPORT 2- 284 RESISTANCE 2- 299
TEHNICAL & DERIVATIVE REPORT
JUNE 01, 2016
COAL INDIA

10. 10
The information contained here was gathered from sources deemed reliable
however; no claim is made as to accuracy or content. This does not contain specific
recommendations to buy or sell at particular prices or time, nor should any
examples presented be deemed as such. There is a risk of loss in equity trading and
you should carefully consider your financial position before making a trade. This is
not, nor is it intended, to be a complete study of chart patterns or technical analysis
and should not be deemed as such. SAI PROFICIENT INVESTMENT
ADVISORS does not guarantee that such information is accurate or complete and
it should not be relied upon as such. Any opinions expressed reflect judgments at
this date and are subject to change without notice. For use at the sole discretion of
the investor without any liability on Sai Proficient Investment Advisors.
TEHNICAL & DERIVATIVE REPORT
JUNE 01, 2016
DISCLAIMER