SEP 03 ,2016

TEHNICAL & DERIVATIVE REPORT

OCT 03, 2016

SENSEX (27865.96) /NIFTY (8611.15)

Nifty may open in green indicating domestic market cues
Indian benchmark indices are likely to open in flat with the market
indicator SGX nifty trading+7.00 points at 8,651.00 at the time of
market closed. America and Europe market trading green and Asia
market trading red.

KEY VALUE
SUPPORT 1- 8580

RESISTANCE1- 8660

SUPPORT 2- 8540

RESISTANCE 2- 8710

OBSERVATION

Nifty closed at 8611.15 with a losss of (+19.90) points. On the daily chart the
index has formed Bullish candle indicating positive bias.The index is moving
in a Higher Top and Higher Bottom formation on the daily chart indicating
sustained down trend. The chart pattern suggests that if Nifty crosses and
sustains above 8660 level it would witness buying which would lead the index
towards 8690-8720 levels.However if index breaks below 8580 level it would
witness selling which would take the index towards 8555-8520 Nifty 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 8640. If NIFTY trades above
this level then we may witness a further rally up to 8690-8720 levels.
However, if NIFTY trades below 8575 levels then we may see some loss
booking initiating in the market, which may correct up to 7 level.8530-8505.
STRATEGY :NIFTY is looking Bullish on a chart for next day. One can go for buy on lower level strategy for this
index for intraday to midterm positions.

TEHNICAL & DERIVATIVE REPO

OCT 26, 2016

NIFTY BANK OUTLOOK- (19285.70)

.154)
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 17550-17650 range which is 127%
reciprocal retracement of the previous corrective move from 16800 to
16600. 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 18952 and
18720 whereas resistance are seen around 19960.

KEY VALUE
Support 1- 19185

Resistance1- 19352

Support 2- 19085

Resistance 2- 19428

MARKET INDICATORS

ASIA MARKET:Index

Last Traded

Change

Straits Times

2,869.47

-16.24

-0.56%

Hang Seng

23,297.15

-442.32

-1.86%

SSE Composite Index

(Shanghai)

3,004.70

+6.22

+0.21%

Nikkei 225

16,449.84

-243.87

-1.46%

AMERICA :-

Index

Last
Traded

Dow
JONES

18,308.15

S&P500
Nasdaq

Change
+164.70

+0.91%

2,168.27

+17.14

+0.80%

5,312.00

+42.85

+0.81%

EUROPE :Index

CAC40

Change

Last Traded
4,448.26

+4.42

+0.10%

FTSE 100

6,899.33

-20.09

-0.29%

DAX

10,511.02

+105.48

+1.01%

BEL-20

3,555.92

+6.39

+0.18%

TOP GAINERS

NALKRISHNA IND.

+10.91%

TATA COMMUNICATIONS

+9.99%

RELIANCE COMMUNICATION LTD

+8.81%

INDIABULLS REAL ESTA

+8.41%

CEAT LTD.

+7.98%

TOP LOSERS

HIND. COPPER

-3.78%

CIPLA

-3.44%

BAYERCROPSCIENCE

-2.34%

GATEWAY DISTRIPARKS

-2.20%

TECH MAHINDRA LTD.

-1.72%

TEHNICAL & DERIVATIVE REPORT

OCT 26, 2016

CANARA BANK
To issue foreign currency bonds worth USD 500 million -To raise additional equity of up to Rs
1,128 crore via rights issue

KEY VALUE

Support 1-304.50

Resistance1- 310.20

Support 2- 300.50

Resistance 2- 315.50

TEHNICAL & DERIVATIVE REPORT

OCT 26, 2016

L&T
Gets shareholder nod to appoint SN Subramanyan as deputy MD & president; Gets
shareholder nod to raise funds via bonds or qualified institutional placement (QIP) for up to Rs
3,600 crore

KEY VALUE

Support 1-1410.35

Resistance1-1452.50

Support 2- 1390.70

Resistance 2-1482.70

TEHNICAL & DERIVATIVE REPORT

OCT26, 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 Advisor.

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