A Sharekhan technical research newsletter

June 19, 2015

Punters Call

Bulls set to hit a six in heavy rains

Nifty opened at 8201.15 up by 26 points and since then
it has been trading higher. The index has been trading
up for the sixth day in a row and it has managed to
take-off its crucial resistance of its 20-day moving
average and the previous swing high of 8191. Now, on
the lower side, 8100 is the immediate support whereas,
8310 is the immediate resistance which is our shortterm target as well. The Bank Nifty has managed to takeoff its crucial resistance of 17800 but despite that it
hasnt gained the upward momentum. The index is stuck
in the downward sloping parallel channel. Hence, we
are just expecting this to be a short-term bounce.
On the hourly chart, the momentum indicator has turned
positive. The Nifty is trading above the 20-hour simple

moving average and the 40-hour exponential moving

average, ie 8134 and 8101 respectively, which are crucial
levels in the immediate run. The market breadth is positive
with 794 advances and 639 declines.

Updated at 12.00 noon

Advance

Decline

BSE

1346

1106

NSE

794

639

Moving Average (hourly)

20(S)

8134

100 (S)

8114

40(S)

8059

200 (S)

8221

For Private Circulation only

REGISTRATION DETAILS Regd office: Sharekhan Limited, 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway
Station, Kanjurmarg (East), Mumbai 400042, Maharashtra. Tel: 022 - 61150000. Sharekhan Ltd.: SEBI Regn. Nos. BSE - INB/INF011073351 ; BSE- CD ;
NSE- INB/INF231073330; CD-INE231073330 ; MCX Stock Exchange - INB/INF261073333 ; CD-INE261073330 ; DP - NSDL-IN-DP-NSDL-233-2003 ; CDSL-IN-DPCDSL-271-2004 ; PMS-INP000000662 ; Mutual Fund-ARN 20669 ; Commodity trading through Sharekhan Commodities Pvt. Ltd.: MCX-10080 ; (MCX/TCM/
CORP/0425) ; NCDEX-00132 ; (NCDEX/TCM/CORP/0142) ; NCDEX SPOT-NCDEXSPOT/116/CO/11/20626 ; For any complaints email at igc@sharekhan.com;
Disclaimer: Client should read the Risk Disclosure Document issued by SEBI & relevant exchanges and Dos & Donts by MCX & NCDEX and the T & C on
www.sharekhan.com before investing.

Looking Trendy

Short Term Trend

Index

Target

Sensex

27500

Nifty

8310

Trend

Reversal




Support / Resistance

Down below 26400

26400 / 27500

Down below 8000

8000 / 8310

Medium Term Trend

Index

Target

Sensex

25900

Nifty

7730

Trend




Up

Reversal

Support / Resistance

Up above 28100

25900 / 28100

Up above 8504

7730 / 8504

Icon guide
Down

Upswing matures

Downswing matures

Premium Technical Synopsis

Action
date

Calls

Action Segments
Reversal^

17.06.15

KEC Intl

Buy

Cash

119

130

130.9

0.69%

156

171

1/4

29.05.15

Cummins Ind

Buy

Cash

852

900.9

900

-0.10%

989

1045

1/3

*DCL

# CMP

^Intra-day

Tgt. = Target

Stop loss/
(Rs)

Stop loss*
price

Reco
price
(Rs)

Closing Potential #
P/L (%)
(Rs)
(Rs)

Tgt.1
(Rs)

Tgt.2
Risk/
Rwd.
ratio (%)

Rwd. = Reward

High noon

June 19, 2015

Home

Smart Charts
Date

Recommendation

19-Jun-15
18-Jun-15
18-Jun-15

M & M June Fut

Reliance Ind June Fut
Enginers Ind June Fut

Action

Stop Loss/
Reversal
(Intra-day)

Buy
Buy
Buy

Stop Loss/
Reversal
DCL

Buy/Sell
Price

1240
Book Profit
211

1286
959.3
221.45

Closing Potential %
Price P/L at CMP
(CMP)
1282.65
989.3
222

-0.26%
3.13%
0.25%

Target1 Target 2

1320
1025
244

1398
1045
259

NOTE: Kindly note that all stop losses in Smart Charts Calls are on closing basis unless specified.
TPB: Trailing profit booked

Momentum Swing
For the short term1 to 5 days
Action
Date

Stock

Action

19-Jun-15

M & M June Fut

Buy

18-Jun-15

Abirlanuvo June Fut

Buy

18-Jun-15

Mothersumi June Fut

Buy

Stop loss

Price

Closing
price

Potential %
P/L at CMP

Target1

Target2

Book profit

1277

1299.30

1.75%

1310

1325

1710

1746.15

1733.8

-0.71%

1785

1810

Exit

493.15

494.15

0.20%

506

514

NOTE: Kindly note that all stop losses in Momentum Calls are on an intra-day basis.
TPB: Trailing profit booked
NOTE: Action taken after market hours will be highlited in blue colour.
Rules for momentum calls:
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

Momentum Cash Ideas

For the short term1 to 10 days

Action
Date

Stock

Action

18-Jun-15

Rolta

Buy

Stop loss
price

Price

Closing

Potential %
P/L at CMP

Target1

Target2

100.8

103.7

102.2

-1.45%

106.8

110

TPB: Trailing profit booked

NOTE: Action taken after market hours will be highlited in blue colour.
Rules for momentum calls:
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

High Noon

32

June 19, 2015

Home

Visit us at www.sharekhan.com

Home

To know more about our products and services click here.

For Private Circulation only
Disclaimer
This document has been prepared by Sharekhan Ltd. (SHAREKHAN) and is intended for use only by the person or entity to which it is addressed to. This document may contain confidential and/or privileged material and is not for any type of circulation
and any review, retransmission, or any other use is strictly prohibited. This document is subject to changes without prior notice. Kindly note that this document is based on technical analysis by studying charts of a stock's price movement and trading
volume, as opposed to focusing on a company's fundamentals and as such, may not match with a report on a company's fundamentals. This document does not constitute an offer to sell or solicitation for the purchase or sale of any financial instrument
or as an official confirmation of any transaction. Though disseminated to all customers who are due to receive the same, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their
receiving this report.
The information contained herein is obtained from publicly available data or other sources believed to be reliable and SHAREKHAN has not independently verified the accuracy and completeness of the said data and hence it should not be relied upon
as such. While we would endeavour to update the information herein on a reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (SHAREKHAN and affiliates) are under no obligation to update or keep
the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. This document is prepared for assistance only and is not intended to be and must not alone be taken as
the basis for an investment decision. Recipients of this report should also be aware that past performance is not necessarily a guide to future performance and value of investments can go down as well. The user assumes the entire risk of any use made
of this information. Each recipient of this document should make such investigations as he deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and
risks involved), and should consult his own advisors to determine the merits and risks of such an investment. The investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our
views. Affiliates of SHAREKHAN may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be
contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licencing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain
category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction. Either SHAREKHAN or its affiliates or its directors or employees/representatives/clients or their relatives
may have position(s), make market, act as principal or engage in transactions of purchase or sell of securities, from time to time or may be materially interested in any of the securities or related securities referred to in this report and they may have
used the information set forth herein before publication. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall
SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. The analyst certifies that all of the views expressed in this document accurately reflect
his or her personal views about the subject company or companies and its or their securities and do not necessarily reflect those of SHAREKHAN. Further, no part of the analysts compensation was, is or will be, directly or indirectly related to specific
recommendations or views expressed in this document.

High noon

June 19, 2015

Compliance Officer: Ms. Namita Amod Godbole; Tel: 022-6115000; e-mail: compliance@sharekhan.com

Home

Contact: myaccount@sharekhan.com