Eagle Eye Equities

June 14, 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
Sharp swings

June 13, 2019 Nifty daily: 11914.05

The Nifty opened on a negative note today and went

down swiftly in the first half of the session. The bulls,
however rushed in to support the index as it breached
a crucial rising trendline. The bulls not only pushed
the Nifty back above the trendline but also managed
to lead the index towards a close the green. On the
downside, 20 DMA also acted a key support, which
induced fresh buying in the market. In terms of the
price patterns, the benchmark index seems to have
formed a running triangle over the last few days &
the last leg of the pattern looks complete today. Thus
today’s low of 11817 shall now pose as a strong support.
From the trading perspective, one can initiate a fresh
long position with a reversal pegged below the low. 60-minute
On the higher side, 12000 & 12103 shall be the key
levels to watch out for.
Other technical observations
On the daily chart, the Nifty is above the 20-day
moving average (DMA) and the 40-DEMA, i.e. 11827
and 11704 respectively. The momentum indicator is in
bearish mode on the daily chart.
On the hourly chart, the Nifty is above the 20-hour
moving average (HMA) and the 40-HEMA, i.e. 11905
and 11904 respectively. The hourly momentum
indicator is in bullish mode. The market breadth was
negative with 598 advances and 1164 declines on the
National Stock Exchange.
Market breadth
BSE NSE
Todays Close 39741.36 11914.05
Advances 926 598
Decline 1606 1164
Unchanged 156 334
Volume (Rs.) 2324.7 31284.88

June 14, 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 12580 á 11820 11820 / 12580 Nifty 12820 á 11610 11610 / 12820

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
11817 11932
11769 12000
11704 12103
20 DSMA 40 DEMA
11827 11704

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
13-Jun-19 Indian Bank Fin June Fut Sell 268.00 254.45 259.30 -1.91% 240.00 224.00
13-Jun-19 L & T FH Fin June Fut Sell 126.00 119.40 122.40 -2.51% 112.00 109.00
10-Jun-19 Icici Pru June Fut Sell 395.00 375.45 362.60 3.42% 350.00 340.00
7-Jun-19 MGL June Fut Sell 910.00 869.05 882.85 -1.59% 822.00 775.00
6-Jun-19 Repco Home June Fut Sell 410.00 388.35 381.65 1.73% 350.00 330.00
31-May-19 VEDL June Fut Sell 171.50 161.80 169.50 -4.76% 145.00 138.00
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
13-Jun-19 Bajaj Fin June Fut Sell 3,565.00 3,524.15 3,552.00 -0.79% 3,460.00 3,425.00
13-Jun-19 M & M Fin June Fut Sell 426.20 416.30 423.25 -1.67% 404.00 395.00
13-Jun-19 UPL June Fut Sell Booked Profit 1,015.25 995.00 1.99% 995.00 985.00
13-Jun-19 ALBK June Fut Sell Exit 41.05 40.85 0.49% 40.30 39.00
12-Jun-19 CESC June Fut Sell Booked Profit 767.50 758.20 1.21% 752.00 738.00
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

June 14, 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(%)

10-Jun-19 Bharat Fin June Fut Sell Fut 1,054.00 980.15 944.70 3.62% 883.00 837.00

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

June 14, 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 33000 á 30620 30620 / 33000 Bank Nifty 33670 á 30000 30000 / 33670

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

30638 31222

30365 31399

30111 31784

20 DSMA 40 DEMA

30920 30365

June 14, 2019 5

Sharekhan Eagle Eye Equities

Day Trader’s Hit List

For June 14, 2019
Support Levels Close Resistance Levels
Scrip Name Action
S2 S1 (Rs.) R1 R2
NIFTY Futures 11845.0 11885.0 11919.5 11950.0 12023.0 Buy Above R1

Bank Nifty Futures 30665.0 30864.0 31010.0 31091.0 31392.0 Buy Above R1

Axis Bank 812.0 815.0 822.40 828.0 845.0 Buy Above R1

Bajaj Finance 3513.0 3523.0 3545.15 3564.0 3639.0 Buy Above R1

BHEL 67.3 68.0 68.8 69.3 71.0 Buy Above R1

BPCL 379.0 383.0 387.90 393.0 405.0 Buy Above R1

HDFC 2161.0 2181.0 2192.00 2201.0 2235.0 Buy Above R1

HDFC Bank 2416.0 2430.0 2443.00 2452.0 2491.0 Buy Above R1

Hindustan Unilever 1806.0 1827.0 1843.00 1853.0 1866.0 Buy Above R1/ Sell Below S1

INFOSYS 732.0 740.0 742.50 747.5 755.0 Sell Below S1

ICICI Bank 412.0 415.0 420.3 424.0 430.0 Buy Above R1

LIC Housing 527.0 536.0 539.0 544.0 547.0 Sell Below S1

LNT 1476.0 1504.0 1520.0 1529.0 1542.0 Buy Above R1/ Sell Below S1

Reliance Industries 1280.0 1308.0 1324.0 1330.0 1339.0 Buy Above R1/ Sell Below S1

SBI 331.0 339.0 346.0 348.3 357.0 Buy Above R1

SunPharma 378 385 389.5 397 409 Sell Below S1

Tata Motors 159.0 164.5 167.7 169.0 172.0 Buy Above R1/ Sell Below S1

TISCO 496.0 499.0 502.5 506.0 514.0 Buy Above R1

TCS 2207.0 2228.0 2244.0 2265.0 2285.0 Buy Above R1/ Sell Below S1

Yes Bank 104.0 116.0 116.6 118.9 121.9 Buy Above R1/ Sell Below S1

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

June 14, 2019 6

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