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UAE - DAILY TECHNICALS

Equity Research

DFMGI: 3593.28

1st Oct 2015

+1.09%

Sanyalak Manibhandu
Head Of Research
+971 2 6161637
sanyalaksna.manibhandu@nbad.com

Profit taking witnessed from 3680 formed a near term bottom at 3530 yesterday
and registered a bullish close over the previous days high at 3593. Overall the
market is trading in the broader sideways range. Volumes are dull and investors are
seen trading the range.

Shiv Prakash
Senior Research Analyst
+971 2 6161628
shiv.prakash@nbad.com

If the support levels at 3530/3500 hold strong, may recover back towards 3680 in
the near term. Only a close below 3500 shall force us back towards the recent spike
lows.

Ahmed Bani Hani


Research Analyst
+971 2 6161629
ahmed.binihani@nbad.com

ADX: 4502.79

+0.60

The trend is sideways over the support level of 4465. Traders holding may place
4465 as the stop loss.
Close over the immediate resistance of 4530 shall extend the recovery rally towards
the 50 Day SMA at 4598. Look to trade outperforming stocks while placing 4465 as
the stop.
DFMGI: 3580/3606/3680 Resistance
3534/3500/3420 Support

ADX: 4500/4583/4640 Resistance


4465/4440/4387 Support

Sales & Execution


Abu Dhabi Head Office
Trading Desk
+971 2 6161700/1
Dubai DFM Branch
+971 4 3055730
Institutional Desk
+971 4 424 5765
Sales and Marketing
+971 2 6161703

Online Trading Link

Advisory Desk
Ahmed M. Shehada
Head of Advisory & Institutional Desk
+97126161633
+971 4 4245708
Ahmed.Shehada@nbad.com

NBADS UAE Technical Report 1st Oct 2015

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EMAAR MALLS

Hourly Chart

Resistance: 3.11/3.17/3.23
Support: 3.02/2.98/2.95

The stock picks up as anticipated and


is headed higher towards the neckline
at AED3.17, later may test the
ascending channel resistance at
AED3.23.
Traders may look to add further while
trailing the stop loss higher.
Overall seen outperforming the
market.
TRADING IDEA: HOLD

EMAAR

Hourly Chart

Resistance: 6.50/6.58/6.64
Support: 6.42/6.38/6.30

The neckline support at AED6.29


proved strong and attracts buyers
back, hints further recovery towards
the previous high at AED6.64.
Only a bearish close below AED6.38
shall turn it back lower towards
AED6.28/6.17 supports.
Traders may look to hold.
TRADING IDEA: TRADE THE RANGE

NBADS UAE Technical Report 1st Oct 2015

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ARTC

Hourly Chart

Resistance: 1.86/1.89/1.93
Support: 1.82/1.78

The recovery brings the stock higher


almost closer to the strong
resistance of AED1.89.
Profit taking can again be seen but a
clear close over AED1.89 shall turn it
bullish to hit the next resistance at
AED1.98/2.02 in the near term.
Traders may look to wait for a clear
bullish breakout.
TRADING IDEA:
BULLISH OVER 1.89

AMANAT

Daily Chart

Resistance: 0.723/0.750
Support: 0.693/0.685

The trend is sideways but yesterdays


recovery hints a bullish breakout
which may hit the 50 Day SMA at
AED0.75 in the near term.
Traders may look to buy at AED0.715
keeping stops below the support level
of AED0.69.
TRADING IDEA: BUY

NBADS UAE Technical Report 1st Oct 2015

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DFMGI Intraday Support & Resistance Levels


Close

S1

S2

S3

R1

R2

R3

3593.28

3567

3541

3527

3608

3623

3638

AIR ARABIA

1.40

1.39

1.38

1.37

1.41

1.42

1.43

AJMAN BANK

1.75

1.69

1.62

1.53

1.85

1.94

2.04

AL SALAM BANK BAH

1.07

1.05

1.02

1.01

1.09

1.11

1.13

AMANAT

0.715

0.702

0.690

0.683

0.721

0.728

0.734

AMLAK FINANCE

2.04

2.02

2.00

1.99

2.05

2.06

2.07

ARABTEC

1.84

1.81

1.79

1.76

1.86

1.89

1.91

ARAMEX

3.14

3.13

3.11

3.19

3.16

3.18

3.20

DAMAC PROPERTES

3.04

3.03

3.00

2.98

3.06

3.08

3.10

DIC

2.37

2.35

2.33

2.32

2.38

2.39

2.40

AMAN

0.602

0.599

0.597

0.591

0.607

0.613

0.618

DIB

6.70

6.67

6.65

6.60

6.74

6.79

6.83

DEYAAR

0.654

0.648

0.643

0.637

0.659

0.665

0.670

DFM

1.68

1.67

1.65

1.64

1.70

1.71

1.73

DRAKE & SCULL

0.623

0.615

0.608

0.600

0.630

0.638

0.645

DUBAI PARKS

1.21

1.20

1.19

1.18

1.22

1.23

1.24

DU

5.10

5.01

4.91

4.87

5.15

5.19

5.24

EMAAR MALLS

3.09

3.03

2.98

2.94

3.12

3.16

3.19

EMAAR PROPERTIES

6.46

6.38

6.30

6.25

6.51

6.56

6.61

ENBD

8.72

8.71

8.69

8.68

8.73

8.75

8.77

GGICO

0.696

0.692

0.687

0.679

0.705

0.713

0.722

GULF NAVIGATION

0.380

0.377

0.373

0.367

0.387

0.393

0.400

GULF FIN HOUSE

0.534

0.531

0.527

0.525

0.537

0.539

0.542

SALAMA

0.448

0.446

0.445

0.441

0.451

0.455

0.458

SHUAA CAPITAL

0.567

0.553

0.540

0.524

0.582

0.598

0.613

TABREED

1.19

1.18

1.17

1.16

1.19

1.20

1.22

UNION PROP

0.94

0.94

0.93

0.92

0.95

0.96

0.97

DFMGI

NBADS UAE Technical Report 1st Oct 2015

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ADX Intraday Support & Resistance Levels


Close

S1

S2

S3

R1

R2

R3

ADX

4516

4501

4485

4466

4535

4554

4572

ALDAR PROPERTIES

2.37

2.35

2.34

2.30

2.40

2.44

2.47

ADCB

7.50

7.40

7.31

7.11

7.69

7.89

8.08

ADIB

4.46

4.44

4.41

4.39

4.49

4.51

4.54

DANA GAS

0.56

0.54

0.53

0.51

0.57

0.59

0.60

ESHRAQ

0.68

0.66

0.65

0.62

0.70

0.73

0.75

FIRST GULF BANK

14.15

14.02

13.88

13.82

14.22

14.28

14.35

MANAZEL

0.68

0.66

0.64

0.60

0.72

0.76

0.80

NBAD

9.60

9.53

9.46

9.32

9.74

9.88

10.02

ETISALAT

14.30

14.25

14.20

14.15

14.35

14.40

14.50

METHAQ

0.92

0.91

0.89

0.87

0.95

0.97

1.00

RAKCC

0.88

0.85

0.83

0.81

0.89

0.91

0.92

RAK PROPERTIES

0.62

0.60

0.58

0.55

0.65

0.68

0.71

UNB

6.10

6.08

6.06

6.03

6.12

6.15

6.16

WAHA CAPITAL

2.27

2.25

2.23

2.22

2.28

2.29

2.30

DISCLAIMER: This report has been prepared and issued by NBAD Securities which is authorised by the UAE Securities and Commodities
Authority, licensing registration number 604002, on the basis of publicly available information and other resources considered reliable. This
report is not to be construed as an offer to buy or sell securities. While utmost care has been taken to ensure that the information provided is
accurate and correct, neither NBAD Securities nor any of its employees shall, in any way, be responsible for the contents. NBAD Securities is a
subsidiary of National Bank of Abu Dhabi and is licensed by Securities and Commodities Authority.

NBADS UAE Technical Report 1st Oct 2015

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