Daily Equity Report-Sai Proficient Reserach
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Transcript of Daily Equity Report-Sai Proficient Reserach
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8/19/2019 Daily Equity Report-Sai Proficient Reserach
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WWW.SAIPROFICIENT.COM {DAILY EQUITY REPORT (28/3/2016)}
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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/
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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.
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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
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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
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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
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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
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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
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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
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