technical view equity n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Weekly Technical Report :05 February 2018 PowerPoint Presentation
Download Presentation
Weekly Technical Report :05 February 2018

Loading in 2 Seconds...

play fullscreen
1 / 1

Weekly Technical Report :05 February 2018 - PowerPoint PPT Presentation


  • 8 Views
  • Uploaded on

Axis Direct presents daily derivatives report presenting recommendations based on technical analysis. For trading in derivatives visit https://simplehai.axisdirect.in/offerings/products/derivatives\nhttps://simplehai.axisdirect.in/share-stock-prices/nse/Tech-Mahindra-Ltd-17215\n

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Weekly Technical Report :05 February 2018' - axisdirectofficial


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
technical view equity

Technical View (Equity)

Weekly call

Index

CMP

% up/dn

S2

S1

P

R1

R2

10,760.60

-2.33%

10600

10680

10815

10900

11035

Nifty

35066.75

-2.34%

Sensex

34540

34805

35270

35535

36000

Nifty Weekly Chart

Comments:

Nifty started the week on a flat note and remained consolidate for most part of the week however last

couple of trading session's sell-off led index to end in negative territory. Nifty closed at 10761 with a

loss of 309 points on a weekly basis.

On the weekly chart the index has formed a Bearish candle with a long upper shadow indicating selling

pressure at higher levels. The index is moving in a Higher Top and Higher Bottom formation on the

weekly chart indicating positive bias. The chart pattern suggests that if Nifty crosses and sustains above

10850 level it would witness buying which would lead the index towards 10950-11000 levels. However if

index breaks below 10700 level it would witness selling which would take the index towards 10600-

10530. Nifty is trading below 20 day SMA's which are important short term moving average, indicating

negative bias in the short to medium term. Nifty continues to remain in an uptrend in the medium term,

so buying on dips continues to be our preferred strategy. For the week, we expect Nifty to trade in the

range of 10830-10550 with mixed bias.

The weekly strength indicator RSI and momentum oscillator Stochastic have both turned negative and

are below their respective reference lines indicating negative bias.

The trend deciding level for the day is 10815. If NIFTY trades above this level then we may witness a

further rally up to 10900-11035-11115 levels. However, if NIFTY trades below 10815 levels then we may

see some profit booking initiating in the market, which may correct up to 10680-10600-10460 levels.

Stocks to focus for intraday Long

TechM, MFSL

Stocks to focus for intraday Short

Radico,

Bharatforge

Manapuram

Equitas,

Bergerpaint,