Daily equity report sai proficient

JUNE 13, 2016

TEHNICAL & DERIVATIVE REPORT JUNE 13, 2016

SENSEX (26635.75) /NIFTY (8170.05) “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..

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KEY VALUE SUPPORT 1- 8250

RESISTANCE1- 8285

SUPPORT 2- 8210

RESISTANCE 2- 8340

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OBSERVATION 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.

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.

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TEHNICAL & DERIVATIVE REPO JUNE 13, 2016

NIFTY BANK OUTLOOK- (17828.60) 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.

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KEY VALUE Support 1- 17800

Resistance1- 17920

Support 2- 17720

Resistance 2- 17980

MARKET INDICATORS

ASIA MARKET:Index

Last Traded

Change

Straits Times

2,822.97

-20.83

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

-0.73%

-0.30%

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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

CAC40

FTSE 100

Change

Last Traded 4,307.84

6,118.47

-97.77

-113.4

-2.22%

-1.82%

DAX

9,838.32

-250.55

-2.48%

BEL-20

3,515.00

0.00

0.00%

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TOP GAINERS

ALOK INDUSTRIES LTD.

+19.94%

JAYPEE INFRATECH LTD.

+19.90%

GVK POWER & INFRASTR

+15.91%

JAIPRAKASH POWER VEN

+12.04%

JAIPRAKASH ASSOCIATES

+5.93%

TOP LOSERS

MPHASIS LTD.

-3.84%

INDIABULLS REAL ESTA

-3.60%

JUBLIANT FOODWORKS L

-3.42%

RELIANCE DEF .& ENG.

-3.38%

TV 18 BROADCAST

-3.31%

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TEHNICAL & DERIVATIVE REPORT JUNE 13, 2016

SHREE RENUKA SUGARS “Shree Renuka Sugars sells 20.51 lakh shares of Ugar Sugar Works”

KEY VALUE

Support 1- 16.50

Resistance1- 17.50

Support 2- 12.50

Resistance 2- 21.50

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TEHNICAL & DERIVATIVE REPORT JUNE 13, 2016

ICICI BANK

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“ICICI Bank buys 34.50 lakh shares of Gokaldas Exports”

KEY VALUES SUPPORT 1- 248

RESISTANCE 1 - 256

SUPPORT 2- 243

RESISTANCE 2- 262

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TEHNICAL & DERIVATIVE REPORT JUNE 13, 2016

DISCLAIMER 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.

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