WEEKLY TECHNICAL REPORT 23 NOV TO 27 NOV 15 www.zoidresearch.comZOID RESEARCH TEAM NIFTY 507856.55 (94.10) (1.21%) Last Week Nifty opened with some negative and made a low at 7714.15 but after 1 st half nifty go for positive & close at 7806 on Monday. On Tuesday nifty continues follow the buying trading & nifty closed at 7837.55 on Wednesday nifty was in correction mode near at 7750. On Thursday & Friday nifty continued upswing and tested the resistance region around 7850. & Nifty has been closed at 7856.55; on this week nifty made a strong support at 7715 and 7900 resistance. If nifty break this range then go with trend. we are recommended The Nifty is bullish; if trade above 7900 target 8000. The nifty ended the conclude week with a losing of (1.21%) or (94.10) over the previous week’s closing. Formations The 20 days EMA are placed at 7927.44The 5 days EMA are placed at 7828.08Future Outlook: The Nifty daily chart is bullish; Nifty is trading above 7900 next level is 8000. Nifty buying pressure near at 7860. Nifty Upside weekly Resistance is 7900-8000 level. Nifty week’s7715 strong support point. The Nifty weekly support is 7750-7630.
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
negative and made a low at 7714.15but after 1st half nifty go for positive& close at 7806 on Monday. On Tuesday nifty continues follow thebuying trading & nifty closed at7837.55 on Wednesday nifty was incorrection mode near at 7750. On Thursday & Friday nifty continuedupswing and tested the resistanceregion around 7850. & Nifty has been
closed at 7856.55; on this week niftymade a strong support at 7715 and7900 resistance. If nifty break thisrange then go with trend. we arerecommended The Nifty is bullish; iftrade above 7900 target 8000. Thenifty ended the conclude week witha losing of (1.21%) or (94.10) over theprevious week’s closing.
Formations
The 20 days EMA are placed at
7927.44
The 5 days EMA are placed at
7828.08
Future Outlook:
The Nifty daily chart is bullish; Niftyis trading above 7900 next level is8000. Nifty buying pressure near at7860. Nifty Upside weekly Resistance
is 7900-8000 level. Nifty week’s 7715strong support point. The Niftyweekly support is 7750-7630
17 OCT 15 CENTURYTEX BUY ON DEEP 555-558 578 BP AT 572
10 OCT 15 TATAMOTORS BUY ON DEEP 350-355 370TARGET
ACHIEVED
1OCT 15 ITC BUY ABOVE 335 350TARGET
ACHIEVED
26 SEP 15 COALINDIA BUY ON DEEP 342-340 355-370 EXIT AT 32
12 SEP 15 SBIN BUY ON DEEP 230-228 240-2521 TARGE ACHIEVED
22 AUG 15 MARUTI SELL ON RISE 4540-4550 4350-4150 ALL TARGE ACHIEVED
8 AUG 15 PETRONET BUY ON DEEP 185-183 195-2051 TARGE ACHIEVED
1 AUG 15 WIPRO BUY ON DEEP 570-565 595-6251 TARGE ACHIEVED
18 JUL 15 CESC BUY ON DEEP 585-580 610-6351 TARGE
ACHIEVED11 JUL 15 COALINDIA BUY ON DEEP 420-422 438-460
1 TARGE ACHIEVED
4 JUL 15 CANBK BUY ON DEEP 286-285 300-3151 TARGE ACHIEVED
* FII & DII trading activity on NSE, BSE, and MCX’SX in Capital Market Segment (in Rs. Crores)
DISCLAIMER
Stock trading involves high risk and one can lose Substantial amount of money. The recommendations made herein donot constitute an offer to sell or solicitation to buy any of the Securities mentioned. No representations can be madethat recommendations contained herein will be profitable or they will not result in losses. Readers using theinformation contained herein are solely responsible for their actions. The information is obtained from sources deemedto be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based ontechnical analysis only. NOTE WE HAVE NO HOLDINGS IN ANY OF STOCKS RECOMMENDED ABOVE