Daily Equity Report-Sai Proficient Reserach

download Daily Equity Report-Sai Proficient Reserach

of 9

Transcript of Daily Equity Report-Sai Proficient Reserach

  • 8/19/2019 Daily Equity Report-Sai Proficient Reserach

    1/9

    WWW.SAIPROFICIENT.COM {DAILY EQUITY REPORT (28/3/2016)}

    1

     SAI PROFICIENT

    RESEARCH  

    DAILY EQUITY REPORT

    [email protected] +919981999934, 

    [email protected]   +919755855566 

    28-3-2016

    http://www.saiproficient.com/mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]://www.saiproficient.com/

  • 8/19/2019 Daily Equity Report-Sai Proficient Reserach

    2/9

    WWW.SAIPROFICIENT.COM {DAILY EQUITY REPORT (28/3/2016)}

    2

    MARKET OUTLOOK

     NIFTY closed with +1.60 or (0.02%) at 7716.50 

     BANKNIFTY closed with -44.00 or (-0.28%) at

    15925.00. 

     

    BSE to auction investment limits for Rs 5,035-cr govt

    bonds 

     BHEL commissions 600-MW unit of Singareni project

    in Adilabad. 

     

    Essar steel Minnesota hires debt restructuring advisers.

     GMR divest 51% stake in GMR OSE Hungund Hospet

    Highways.

     

    Wall street closes flat, five-week rally ends.

     Microsoft told potential Yahoo bidders it might back bids.

     SUNPHARMA, AstraZeneca enter partnership in type 2

    diabetes.

     Aurobindo pharma climbs after USFDA nod for OTC

    drug.

     SBI leads mobile banking chart with over 38% market

    share.

    http://www.saiproficient.com/http://www.saiproficient.com/

  • 8/19/2019 Daily Equity Report-Sai Proficient Reserach

    3/9

    WWW.SAIPROFICIENT.COM {DAILY EQUITY REPORT (28/3/2016)}

    3

    RBI RATE CUT MAY PROPEL NI FTY ,TRADING IN M ARKET POSITIVE  

     NSE NIFTY GAINED TO HOLD 7714 LEVEL IN TRADE TODAY, UP(+1.60 )POINTS TO 7716.50 AT CLOSE. 

    NIFTY50

    http://www.saiproficient.com/http://www.saiproficient.com/

  • 8/19/2019 Daily Equity Report-Sai Proficient Reserach

    4/9

    WWW.SAIPROFICIENT.COM {DAILY EQUITY REPORT (28/3/2016)}

    4

    OBSERVATION:-

     Nifty closed at 7716.50 with a gain of +1.60 points. On the daily chart the index has formed a

     bullish candle indicating positive 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 7730 level it would witness buying which would lead the index

    towards 7730-7770 levels.However if index breaks below 7690 level it would witness selling

    which would take the index towards 76450-7630 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 upwards and above its reference line indicating positive 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 is7620. If NIFTY trades above this level then we may witness a further rally up to 7730-

    7750-7770 levels. However, if NIFTY trades below 7690 levels then we may see some loss booking initiating in the market, which may correct up to 7 level.7640-7630.

    Date Index Open Close High Low

    24-3-2016  Nifty 7714 7716.50 7746.55 7648.20

    SUPPORT2 SUPPORT 1 RESISTANCE 1 RESISTANCE 2

    7575.92 7644.63 7752.63 7791.92

    http://www.saiproficient.com/http://www.saiproficient.com/

  • 8/19/2019 Daily Equity Report-Sai Proficient Reserach

    5/9

  • 8/19/2019 Daily Equity Report-Sai Proficient Reserach

    6/9

    WWW.SAIPROFICIENT.COM {DAILY EQUITY REPORT (28/3/2016)}

    6

    SUNPHARMA, ASTRAZENECA ENTER PARTNERSHIP IN TYPE 2 DIABETES.

    DATE Index CMP Open Close High Low

    24-3-2016 Sun pharma 842.50 844.70 846.20 852 834.60

    SUPPORT 2 SUPPORT1 RESISTANCE1 RESISTANCE2

    826.87 836.53 853.93 861.67

    SUNPHARMA 

    http://www.saiproficient.com/http://www.saiproficient.com/

  • 8/19/2019 Daily Equity Report-Sai Proficient Reserach

    7/9

    WWW.SAIPROFICIENT.COM {DAILY EQUITY REPORT (28/3/2016)}

    7

    SBI LEADS MOBILE BANKING CHART WITH OVER 38% MARKET SHARE. 

    Date Stock CMP Open Close High Low

    24-3-2016 SBI 196.25 196.90 196.60 197.60 195.30

    SUPPORT 2 SUPPORT1 RESISTANCE1 RESISTANCE2

    194.2 195.4 197.7 198.8

    SBIN

    http://www.saiproficient.com/http://www.saiproficient.com/

  • 8/19/2019 Daily Equity Report-Sai Proficient Reserach

    8/9

    WWW.SAIPROFICIENT.COM {DAILY EQUITY REPORT (28/3/2016)}

    8

    AUROBINDO PHARMA CLIMBS AFTER USFDA NOD FOR OTC DRUG

    Date Stock CMP Open Close High Low

    24-3-2016 AUROBINDO

    PHARMA 

    751 747.50 752.40 761.95 742

    SUPPORT 2 SUPPORT 1 RESISTANCE 1 RESISTANCE 2

    732.17 742.28 762.23 772.07

    AUROBINDO PHARMA

    http://www.saiproficient.com/http://www.saiproficient.com/

  • 8/19/2019 Daily Equity Report-Sai Proficient Reserach

    9/9

    WWW.SAIPROFICIENT.COM {DAILY EQUITY REPORT (28/3/2016)}

    9

    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 anyliability on Sai Proficient Investment Advisors.

     

    DISCLAIMER

    http://www.saiproficient.com/http://www.saiproficient.com/