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JUNE 13, 2016
2
“Nifty may open in RED indicating domestic market cues”
Indian benchmark indices are likely to open in flat with the market
indicator SGX nifty trading -28.00 points at 8,197.00 at the time of
market closed. Asian market,America maket and Europe market
trading down..
TEHNICAL & DERIVATIVE REPORT
JUNE 13, 2016
SENSEX (26635.75) /NIFTY (8170.05)
3
KEY VALUE
SUPPORT 1- 8250 RESISTANCE1- 8285
SUPPORT 2- 8210 RESISTANCE 2- 8340
.
Nifty closed at 8170.05 with a loss of (-33.55) 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 8270 level it would witness buying which would lead the
index towards 8290-8325 levels.However if index breaks below 8200 level it
would witness selling which would take the index towards 8160-8125Nifty
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 8270. If NIFTY trades above
this level then we may witness a further rally up to 8295-8325 levels.
However, if NIFTY trades below 8200 levels then we may see some loss
booking initiating in the market, which may correct up to 7 level.8160-8125.
OBSERVATION
STRATEGY :-
NIFTY is looking Beaish on a chart for next day. One can go for buy on lower level strategy for this
index for intraday to midterm positions.
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 Monday, 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 17980.
TEHNICAL & DERIVATIVE REPO
JUNE 13, 2016
NIFTY BANK OUTLOOK- (17828.60)
5
KEY VALUE
Support 1- 17800 Resistance1- 17920
Support 2- 17720 Resistance 2- 17980
ASIA MARKET:-
Index Last Traded Change
Straits Times 2,822.97 -20.83 -0.73%
Hang Seng 21,042.64 -255.24 -1.20%
SSE Composite Index
(Shanghai) 2,927.16 -8.88 -0.30%
Nikkei 225 16,601.36 -8.88 -0.30%
MARKET INDICATORS
6
AMERICA :-
Index Last Traded Change
Dow
JONES 17,840.95 -144.24 -0.80%
S&P500 2,096.98 -18.50 -0.87%
Nasdaq 4,903.80 -54.82 -1.11%
EUROPE :-
Index Last Traded
Change
CAC40
4,307.84 -97.77 -2.22%
FTSE 100 6,118.47 -113.4 -1.82%
DAX 9,838.32 -250.55 -2.48%
BEL-20 3,515.00 0.00 0.00%
7
ALOK INDUSTRIES LTD. +19.94%
JAYPEE INFRATECH LTD. +19.90%
GVK POWER & INFRASTR +15.91%
JAIPRAKASH POWER VEN +12.04%
JAIPRAKASH ASSOCIATES +5.93%
MPHASIS LTD. -3.84%
INDIABULLS REAL ESTA -3.60%
JUBLIANT FOODWORKS L -3.42%
RELIANCE DEF .& ENG. -3.38%
TV 18 BROADCAST -3.31%
TOP GAINERS
TOP LOSERS
8
“Shree Renuka Sugars sells 20.51 lakh shares of Ugar Sugar Works”
Support 1- 16.50 Resistance1- 17.50
Support 2- 12.50 Resistance 2- 21.50
KEY VALUE
TEHNICAL & DERIVATIVE REPORT
JUNE 13, 2016
SHREE RENUKA SUGARS
9

“ICICI Bank buys 34.50 lakh shares of Gokaldas Exports”
KEY VALUES
SUPPORT 1- 248 RESISTANCE 1 - 256
SUPPORT 2- 243 RESISTANCE 2- 262
TEHNICAL & DERIVATIVE REPORT
JUNE 13, 2016
ICICI BANK
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 13, 2016
DISCLAIMER

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Daily equity report sai proficient

  • 2. 2 “Nifty may open in RED indicating domestic market cues” Indian benchmark indices are likely to open in flat with the market indicator SGX nifty trading -28.00 points at 8,197.00 at the time of market closed. Asian market,America maket and Europe market trading down.. TEHNICAL & DERIVATIVE REPORT JUNE 13, 2016 SENSEX (26635.75) /NIFTY (8170.05)
  • 3. 3 KEY VALUE SUPPORT 1- 8250 RESISTANCE1- 8285 SUPPORT 2- 8210 RESISTANCE 2- 8340 . Nifty closed at 8170.05 with a loss of (-33.55) 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 8270 level it would witness buying which would lead the index towards 8290-8325 levels.However if index breaks below 8200 level it would witness selling which would take the index towards 8160-8125Nifty 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 8270. If NIFTY trades above this level then we may witness a further rally up to 8295-8325 levels. However, if NIFTY trades below 8200 levels then we may see some loss booking initiating in the market, which may correct up to 7 level.8160-8125. OBSERVATION STRATEGY :- NIFTY is looking Beaish 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 Monday, 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 17980. TEHNICAL & DERIVATIVE REPO JUNE 13, 2016 NIFTY BANK OUTLOOK- (17828.60)
  • 5. 5 KEY VALUE Support 1- 17800 Resistance1- 17920 Support 2- 17720 Resistance 2- 17980 ASIA MARKET:- Index Last Traded Change Straits Times 2,822.97 -20.83 -0.73% Hang Seng 21,042.64 -255.24 -1.20% SSE Composite Index (Shanghai) 2,927.16 -8.88 -0.30% Nikkei 225 16,601.36 -8.88 -0.30% MARKET INDICATORS
  • 6. 6 AMERICA :- Index Last Traded Change Dow JONES 17,840.95 -144.24 -0.80% S&P500 2,096.98 -18.50 -0.87% Nasdaq 4,903.80 -54.82 -1.11% EUROPE :- Index Last Traded Change CAC40 4,307.84 -97.77 -2.22% FTSE 100 6,118.47 -113.4 -1.82% DAX 9,838.32 -250.55 -2.48% BEL-20 3,515.00 0.00 0.00%
  • 7. 7 ALOK INDUSTRIES LTD. +19.94% JAYPEE INFRATECH LTD. +19.90% GVK POWER & INFRASTR +15.91% JAIPRAKASH POWER VEN +12.04% JAIPRAKASH ASSOCIATES +5.93% MPHASIS LTD. -3.84% INDIABULLS REAL ESTA -3.60% JUBLIANT FOODWORKS L -3.42% RELIANCE DEF .& ENG. -3.38% TV 18 BROADCAST -3.31% TOP GAINERS TOP LOSERS
  • 8. 8 “Shree Renuka Sugars sells 20.51 lakh shares of Ugar Sugar Works” Support 1- 16.50 Resistance1- 17.50 Support 2- 12.50 Resistance 2- 21.50 KEY VALUE TEHNICAL & DERIVATIVE REPORT JUNE 13, 2016 SHREE RENUKA SUGARS
  • 9. 9 “ICICI Bank buys 34.50 lakh shares of Gokaldas Exports” KEY VALUES SUPPORT 1- 248 RESISTANCE 1 - 256 SUPPORT 2- 243 RESISTANCE 2- 262 TEHNICAL & DERIVATIVE REPORT JUNE 13, 2016 ICICI BANK
  • 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 13, 2016 DISCLAIMER