1 Day 1 Week 1Month 1 Year Technical & Quant Update ......2018/04/24 · Key resistances are around 10640-10600 and immediate supports are seen around 10520-10490. Lower band of andrew

Edition 1059

Long/Buy Market

SGX Nifty

Nifty Key Levels

Support

Long/Buy

Long/Buy

Long/Buy

Long/Buy

Long/Buy

Narnolia Securities Ltd Market Research

Technical & Quant Update

Value % Change

Resistance

S1 : 10520 S2 : 10490

24th Apr 2018

10566.00 -0.21%

R1 : 10600 R2 : 10640

Trading Calls

24th Apr 2018

HINDCOPPER 23th Apr 2018 Market Outlook

DHAMPURSUG

Broad sideways consolidation since Feb 18 has taken form of Inverted

Head and Shoulder pattern which has a positive implication on the future

price movement and signals a reversal in trend. Sustainability of RSI

above 50 and 9 days EMA are also giving indication of upmove . BUY

CGPOWER @ 83 SL-79 (CLOSING BASIS) TGT-94,99

Nifty playing table tennis between 10600-10500?

Monday, Nifty opened around 10592, made a low of 10515, then

after making a high of 10638 closed around 10585(+20), however

entire day trading range was only 123 points.

Appearance of long legged Doji signal indecisiveness ahead F&O

expiry. For last few days, Nifty has been trading between the range

of 10630 & 10495 mark. A decisive breakout on either side of this

range will indicate it's direction. Once it conquers the level of

10640 then it can move towards 10710 level where 61.8%

retracement of the fall from 11171 to 9950 level is seen and 10736

where gap exist.

Key resistances are around 10640-10600 and immediate supports

are seen around 10520-10490.

Lower band of andrew pitch fork showing support of inatial level from

where bounce back can be expect to its Center band, RSI is trading above

50 showing up move in coming session and price can extend upto 99

levels, view may remain intact till it sustain above the level of 67 .STDC -

BUY HINDCOPPER AT 77-79 and 70-72, SL 61.90, TARGET 98,115

Dhampur Sugar Mills has corrected around 70% in a time span of just six

months. Currently the stock is trading near its crucial supoort areas.

Therefore some short term pullback is very likely from the current level.

Therefore we advise traders to initiate long position in the the stock

near Rs 97.40 with a stop loss of Rs 94. The downside targets are Rs 114

and Rs 124.

CGPOWER 20th Apr 2018

CRISIL 17th Apr 2018

Appearance of Cup and handle pattern on weekly chart after a bull rally

signals initiation of a prolonged up move in prices . After good

accumulation, a big white candle appearing near 20 and 50 DMA points

towards attempt for a fresh break out. BUY CRISIL @ 1920-1950 SL-1760

(CLOSING BASIS) TGT-2350, 2600

Formation of Cup and Handle pattern on daily chart signifying up move .

20 DMA crossed 50 DMA and 100 DMA while going on upside giving

confirmation og Golden cross over. Construction of Flag is going on

weekly chart but break out is expected to come above 22 mark . After

crossing above 61.8% fibonacci retracement of the fall from 27 to

13mark, buying momentum will increase.

JPASSOCIAT 20th Apr 2018

IRB 19th Apr 2018

After having in a consolidation phase for a long time, stock is expected to

give rectangle pattern breakout . Stock took a support from 50dma and

given breakout in lower timeframe of charts . Buy IRB Infra around 250-

260 and 225-235 sl 195(closing basis) tgt 340,380

1 Day 1 Week 1Month 1 Year

Auto Components 0.5 1.2 12.3 23.7

Automobiles 0.3 (0.5) 6.9 20.5

Chemicals 0.4 0.9 9.4 18.0

Construction & Engg 0.2 0.1 5.2 32.5

Div. Financial Services 0.9 2.0 12.2 58.7

Electrical Equipment 0.7 1.2 3.5 2.1

Energy 0.5 (1.0) 1.2 6.9

Financials 0.3 (1.3) 6.4 11.9

Household Durables 0.5 0.6 8.2 21.47

Household Pers. Products 1.6 1.8 3.0 12.9

Information Technology 0.63 6.1 12.2 40.8

Metals/Mining/Minerals (0.8) 2.6 10.8 24.6

Telecom 0.4 3.1 (2.6) 3.5

Utilities 0.0 0.9 4.1 3.9

Construction Materials 0.8 2.0 6.6 9.6

Health Care 1.2 1.2 6.6 (6.3)

Sectoral Performance (%)

23-Apr-18 4093 (259)

Apr-18 67759 (5168)

DII Buy(Cr.) Net(Cr.)

23-Apr-18 3299 387

Apr-18 50059 5756

Institutional Turnover

FII Buy(Cr.) Sale(Cr.) Net(Cr.)

4352

72927

Sale(Cr.)

2912

44303

Participant wise Open Interest In Equities Derivative (no. of contracts)

DII FII Pro Other DII FII Pro Other

Future Index 25454 102052 18137 312300 Future Index 64752 153537 52846 186808

Future Stock 31940 653579 200084 1053250 Future Stock 858238 467639 134208 478768

Option Index Call 61287 237125 162000 477440 Option Index Call 0 93624 247344 596883

Option Index Put 82368 412192 171486 832435 Option Index Put 0 191552 302547 1004382

Option Stock Call 514 28643 62050 319984 Option Stock Call 0 37425 131709 242057

Option Stock Put 0 28901 54475 151617 Option Stock Put 0 25113 65405 144475

High ES & Low PS Stock Showing Strength

BSE Code 1 Month Return % BSE Code 1 Month Return %

532497 RADICO 32.4 524735 HIKAL 25.4

500304 NIITLTD 32.2 532772 DCBbank 20.4

532890 TAKE 29.3 512161 8KMILES 17.5

501425 BBTC 29.3 505192 SMLISUZU 17.5

502865 FORBESGOK 26.5 500440 HINDALCO 17.4

500288 MOREPENLAB 26.5 514043 HIMATSEIDE 16.9

500126 MERCK 26.5 533088 MHRIL 16.2

517174 HONAUT 24.5 505714 GABRIEL 12.4

511288 GRUH 24.1 524804 AUROPHARMA 12.3

532809 FSL 22.8 505242 DYNAMATECH 12.2

BSE Code BSE Code 1 Month Return %

500185 HCC (19.80) 532712 RCOM (13.39)

500104 HINDPETRO (14.32) 512599 ADANIENT (13.30)

526586 WIMPLAST (13.23) 500116 IDBI (5.91)

532505 UCOBANK (11.93) 533573 APLLTD (5.57)

511389 VIDEOIND (8.71) 538562 SKIPPER (4.89)

532276 SYNDIBANK (8.37) 538567 GULFOILLUB (4.38)

532418 ANDHRABANK (8.05) 532174 ICICIBANK (4.18)

530943 SABTN (7.08) 532843 FORTIS (4.06)

532822 IDEA (7.01) 500411 THERMAX (2.99)

533171 UNITEDBNK (6.97) 532215 AXISBANK (2.77)

* PS- Price Score is of a companiy is relative price performance in multiple time-frame

# Analysis shown here is only for companies with market cap more than Rs 1,000 Cr.

24th Apr 2018


Low ES & Low PS Stock Maintaining Weakness Low ES & High PS Stock Showing Weakness

NSE CODE 1 Month Return % NSE CODE

* ES- Earning Score is average of EM (Earning Momentum defined as relative performance in terms of operating profit growth) and EQ

(Earning Quality defined as relative balance sheet strength in terms of debt and working capital)

Long Position Short Position

High ES & High PS Stock Maintaining Strength

NSE CODE NSE CODE

Equity Derivative Summary

BSE Code % Price Change OI % Change BSE Code % Price Change OI % Change

532129 HEXAWARE 15.53 46.87 532483 CANBK (2.37) 14.91

509480 BERGEPAINT 0.21 16.79 500331 PIDILITIND (1.09) 10.40

500114 TITAN 3.12 10.95 500877 APOLLOTYRE (3.18) 8.61

500420 TORNTPHARM 3.17 9.52 532477 UNIONBANK (5.20) 8.28

532898 POWERGRID 2.31 8.25 532617 JETAIRWAYS (0.13) 8.06

532814 INDIANB 3.98 6.91 532514 IGL (0.86) 7.98

500219 JISLJALEQS 5.30 6.85 500440 HINDALCO (1.57) 7.84

532174 ICICIBANK 0.98 6.65 534091 MCX (2.36) 7.39

500870 CASTROLIND 1.23 5.71 531642 MARICO (1.04) 7.09

532478 UBL 2.58 5.70 532531 STAR (0.96) 5.16

532478 UBL 2.58 5.70 500875 ITC (1.44) 4.71

532321 CADILAHC 2.31 4.96 500247 KOTAKBANK (0.60) 4.57

BSE Code % Price Change OI % Change BSE Code % Price Change OI % Change

511218 SRTRANSFIN 8.22 (10.72) 532953 VGUARD (1.61) (11.25)

533309 DALMIABHA 2.87 (9.65) 532873 HDIL (4.08) (9.45)

532300 WOCKPHARMA 2.82 (9.60) 532276 SYNDIBANK (2.61) (7.48)

532772 DCBBANK 0.36 (5.91) 532541 NIITTECH (1.59) (7.31)

511243 CHOLAFIN 1.42 (5.33) 500188 HINDZINC (0.87) (5.16)

500257 LUPIN 3.14 (5.05) 539437 IDFCBANK (5.01) (4.72)

539448 INDIGO 0.10 (4.48) 500093 CGPOWER (1.55) (3.86)

532720 M&MFIN 0.07 (4.38) 500800 TATAGLOBAL (0.63) (3.68)

532827 PAGEIND 2.18 (4.28) 500315 ORIENTBANK (2.99) (3.58)

532424 GODREJCP 1.04 (4.19) 532480 ALBK (2.03) (3.07)

532822 IDEA 7.58 (3.30) 500330 RAYMOND (0.95) (2.85)

532281 HCLTECH 1.83 (3.27) 500043 BATAINDIA (0.18) (2.75)

* Price, open Interest and volume are rising . Interpretation : Strong bullish trend

* Price is rising , Open Interest & Volume are falling. Interpretation : Fading trend strength

* Price is falling , Open Interest & Volume is rising. Interpretation : Strong bearish trend

* Price, open Interest and volume are rising . Interpretation : Potential turn

# Analysis shown here is only for companies 1 day change of OI & Price

24th Apr 2018

NSE CODE NSE CODE


OPEN INTEREST FOR LONG BUILDUP STOCK OPEN INTEREST FOR SHORT BUILDUP STOCK

NSE CODE NSE CODE

OPEN INTEREST FOR SHORT COVERING OPEN INTEREST FOR LIQUIDATION STOCK

RESISTANCE/SUPPORT NIFTY LEVEL

Resistance 2 10640 Previous Swing High

Resistance 1 10525 Immediate resistance

Close 10480

Support 1 10395 Low of Bullish Belt Hold

Support 2 10290 Previous Swing Low

JUSTIFICATION

Narnolia Securities Ltd Market Strategy Research

Nifty Weekly

VIEW

CHART ANALYSIS

SUPPORT & RESISTANCE LEVELS

On the back of positive global and domestic cues, Market inch higher against our hope. Overall market showed strength than weakness as regular follow up buying support not only led to intermediate bouts of short covering but also help the indices to sustain above key moving averages. We highlighted in our previous week report," it has to cross and sustain above 10365 levels from where it can extend gain till 10480 level," this has played out as envisaged. Currently, Market would take cues from US -UK- France joint strike on Syria along with Quarterly earning of coming week. Nifty is trading near pressure point so one should take trade cautiously and keep profit booking at higher levels. Negative Rationale which favour Bears- a) DEATH CROSS OVER is observed on chart as 50 DMA is placed below 100 DMA but its confirmation will come below 10395 mark. b) Occurrance of Spinning top on daily chart after significant rise can pose threat to Bulls c) Breadth of the market remained weak amidst lower volumes Positive Rationale which support Bulls-

a) Formation of THREE WHITE SOLDIERS suggests decline can use to create long position. b) Sustainability of RSI above 50 mark c) Formation of higher highs and higher lows remains intact on weekly chart

GIST- On crossing above 10525-10550 zone it can extend up to 10640-10680 zone while on breaching 10395 level, it can slip down till 10290 and 10225 levels.

BSE Code 500119 Buy Price 97.4

NSE Symbol DHAMPURSUG Stop Loss 94

52wk Range H/L 96/330.50 Target Price1 114

Mkt Capital (Rs Cr) 646.6 Target Price2 124

Av.Cash Volume(,000) 594 Upside in Tgt1 17%

Open Interest NA Upside in Tgt2 27%

24th Apr 2018

Rating : Long / Buy 24-Apr-18

Technical Chart

Dhampur Sugar Mills has corrected around 70% in a time span of just six months. Currently the stock is trading near its

crucial supoort areas. All the momentum indicators are in deep oversold zone and the ADX also reached near 45.

Therefore some short term pullback is very likely from the current level.

Therefore we advise traders to initiate long position in the the stock near Rs 97.40 with a stop loss of Rs 94. The

downside targets are Rs 114 and Rs 124.

Narnolia Securities Ltd Retail Technical Reseach

NSE Code INE531E01026 Buy Price 77

NSE Symbol HINDCOPPER Stop Loss 61.9

52wk Range H/L 110/56 Target Price1 98


Av.Cash Volume(,000) 3590.42 Upside in Tgt1 27%


24th Apr 2018

Narnolia Securities Ltd Retail Technical Research

VIEW 23-Apr-18

Technical Chart

STDC - BUY HINDCOPPER AT 77-79 and 70-72, SL 61.90, TARGET 98,115

Lower band of andrew pitch fork showing support of inatial level from where

bounce back can be expect to its Center band, RSI is trading above 50 showing up

move in coming session and price can extend upto 99 levels, view may remain intact

till it sustain above the level of 67

NSE Code INE067A01029 Buy Price 83

NSE Symbol CGPOWER Stop Loss 79

52wk Range H/L 99.15/67.50 Target Price1 94




24th Apr 2018


Rating : Long / BUY 20-Apr-18

Technical Chart

BUY CGPOWER @ 83 SL-79 (CLOSING BASIS) TGT-94,99

a) Broad sideways consolidation since Feb 18 has taken form of Inverted Head and Shoulder pattern which has a positive implication on the future price movement and signals a reversal in trend. b) Sustainability of RSI above 50 and 9 days EMA are also giving indication of upmove c) MACD histogram also trading above zero reference line d) It has a key support of 23.6 % retracement on daily scale implying further upmove.

NSE Code INE455F01025 Buy Price 20.3

NSE Symbol JPASSOCIAT Stop Loss 16.5



Av.Cash Volume(,000) 11,68,02,42 Upside in Tgt1 33%


24th Apr 2018


Rating : Long / BUY 18-Apr-18

Technical Chart

BUY JPASSOCIAT @ 20.30 SL-16.50 (CLOSING BASIS) TGT-27,30

a) Formation of Cup and Handle pattern on daily chart signifying up move b) 20 DMA crossed 50 DMA and 100 DMA while going on upside giving confirmation of Golden cross over c) Construction of Flag is going on weekly chart but break out is expected to come above 22 mark d) After crossing above 61.8% fibonacci retracement of the fall from 27 to 13 mark, buying momentum will increase.

NSE Code INE821I01014 Buy Price 250

NSE Symbol IRB Stop Loss 195


Mkt Capital (Rs Cr) 3,859.69 Target Price2 380

Av.Cash Volume(,000) 40,63,519 Upside in Tgt1 36%


24th Apr 2018


VIEW 19-Apr-18

Technical Chart

Buy IRB Infra around 250-260 and 225-235 sl 195(closing basis) tgt 340,380

After having in a consolidation phase for a long time, stock is expected to give

rectangle pattern breakout,

Stock took a support from 50dma and given breakout in lower timeframe of charts

RSI trading above 55 implying its upmove in coming session

NSE Code INE007A01025 Buy Price 1935

NSE Symbol CRISIL Stop Loss 1760





24th Apr 2018


VIEW 16-Apr-18

Technical Chart

BUY CRISIL @ 1920-1950 SL-1760 (CLOSING BASIS) TGT-2350, 2600

a) Appearance of Cup and handle pattern on weekly chart after a bull rally signals initiation of a prolonged up move in prices. b) After good accumulation, appearance of big white candle near 20 and 50 DMA points can make attempt for a fresh break out. c) Probable formation of Inverted H&S on weekly chart where left shoulder and head is completed but right shoulder is about to construct in coming days. Its breakout comes above the neckline after crossing 2023 levels. d) Indicator and oscillator lending support to price action

BSE Code Buy Price 230

NSE Symbol PETRONET Stop Loss 222

52wk Range H/L 275.65 Target Price1 260




24th Apr 2018


VIEW 6-Apr-18

Technical Chart

BUY PETRONET @ 229-233 SL-222 TGT-260, 270

Positive divergence on daily chart Breakout

above congestion zone Hammer on weekly

chart Strong channel support

- Suggest Buying at the mentioned levels with strict stoploss

BSE Code 532461 Buy Price 97.95

NSE Symbol PNB Stop Loss 91




Open Interest 70436000 Upside in Tgt2 19%

24th Apr 2018

Rating : Long / BUY 14-Mar-17

Technical Chart

After corrected more than 50% in a time span of just one and half month, Punjab National Bank has been consolidating in

a narrw rage of 91-100 since last few days. Corrently some delivery based buying was witnessed in the stock and a positive

divergence was formed both in RSI & Stochastic.

Therefore we advise to initiating long position in the stock near Rs 98 with a stop loss of Rs 91. The upside targets are Rs

106 and Rs 117.


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Documents

1 Day 1 Week 1Month 1 Year Technical & Quant Update ......2018/04/24 · Key resistances are around 10640-10600 and immediate supports are seen around 10520-10490. Lower band of andrew