Eagle Eye Equities

Eagle Eye Equities

May 20, 2022 Index

Punter's Call Looking Trendy Nifty Day Trader

Smart Charts Momentum Swing

Bank Nifty Bank Nifty Day Trader

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Punter's Call

A deep cut

May 19, 2022

Nifty daily: 15809.4

The Nifty opened gap down on account of weak global cues and continued to drift lower throughout the day to close around the day's lows. The Nifty has faced resistance at the 38.2% Fibonacci retracement level (of 16400) of the fall from 17378 ? 15736. The Nifty is in the support zone of 15750-15900, where previously it saw a sharp rise. In addition, the daily momentum indicator still has a positive crossover, which is a Buy signal. If the Nifty manages to show strength from current levels, then it can witness a pullback towards 16200. A breach of 15670 on the downside shall lead to further slide. Thus, the Nifty is trading at a crucial zone and considering the divergent signals provided by the price and momentum indicators, a consolidation is highly likely. Overall, we expect the Nifty to trade in a sideways manner in the range of 15670-16200 from a short-term perspective.

60-minute

Other technical observations

On the daily chart, the Nifty is below the 20-day moving average (DMA) and the 40-DEMA of 16571 and 16748, respectively. The momentum indicator is bullish on the daily chart.

On the hourly chart, the Nifty is above the 20-hour moving average (HMA) and the 40-HEMA of 16108 and 16072, respectively. The hourly momentum indicator is bearish. The market breadth was negative with 414 advances and 1679 declines on the National Stock Exchange.

Market breadth

Todays Close Advances Decline Unchanged Volume (Rs.)

Eagle Eye Equities

BSE 52792.23

845 2482 120 3,854.25 cr

NSE 15809.4

414 1679 46 54,250.66 cr

May 20, 2022

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Eagle Eye Equities

Looking Trendy

Short Term Trend

Index

Lower Boundary

Trend

Upper Boundary

Support / Resistance

Nifty

15670

16200 15670 / 16200

NOTE: Reversal on closing basis

Medium Term Trend

Index

Lower Boundary

Trend

Upper Boundary

Support / Resistance

Nifty

15480

17400 15480 / 17400

NOTE: Reversal on closing basis

? ?

?

? Up

?

Down

Icon guide Sideways

Downswing matures

Upswing matures

Nifty Trader

Support 15775 15670 15480

20 DSMA 16571

Resistance 15922 16014 16087

40 DEMA 16748

Smart Charts

Date

Scrip Name

Action

Stop Loss (On closing

Basis)

Buy Price/ Sell Price

Call Closing Price/ CMP

17 May 22 L & T June Fut

Buy

1530.00

1596.50 1552.30

NOTE: Kindly note that all stop losses in Smart Charts are on closing basis unless specified. TPB: Trailing profit booked

Potential % P/L at Exit/

Current

-2.77%

Target 1 1665.00

Target 2 1735.00

Momentum Swing

Action Date

Scrip Name

Action

Stop Loss/ Re- Buy Price/ Call Closing versal Sell Price Price/CMP

18 May 22 DRREDDY May Fut

Buy

Stopped Out

3952.75

NOTE: Kindly note that all stop losses in Momentum swing are on an intra-day basis. TPB: Trailing profit booked 1) The stop loss should be placed after 9.17am in order to avoid freak trade 2) The same will be revised in the TradeTiger terminal every day for the pop-ups

3860.00

Potential % P/L at Exit/

Current

-2.35%

Target 1 Target 2 4053.00 4172.00

May 20, 2022

3

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Eagle Eye Equities

Bank Nifty

Short Term Trend

Index

Lower Boundary

Trend

Upper Boundary

Support / Resistance

Bank Nifty 33000

34600 33000 / 34600

NOTE: Reversal on closing basis

Medium Term Trend

Index

Lower Boundary

Trend

Upper Boundary

Support / Resistance

Bank Nifty 31600

37000 31600 / 37000

NOTE: Reversal on closing basis

? ?

?

? Up

Down

Icon guide Sideways

Downswing matures

Upswing matures

?

Bank Nifty Trader

Support

Resistance

33180

33530

32760

33744

32500

33918

20 DSMA

40 DEMA

35033

35455

Bank Nifty Daily

Key Indices

Index

Lower Boundary

Nifty Auto

10400

Nifty Fin Services

15200

Nifty FMCG

36600

Nifty Infra

4630

Nifty Metal

5300

Nifty Pharma

12300

Nifty Mid Cap 100

26600

Nifty Small Cap 100

8630

Index

Target

Nifty IT

27000

????????

Trend

Trend

?

Upper Boundary 11000 16000 38500 4860 5770 12940 28400 9300

Reversal 29500

Support / Resistance 10400 / 11000 15200 / 16000 36600 / 38500 4630 / 4860 5300 / 5770 12300 / 12940 26600 / 28400 8630 / 9300

Support / Resistance 27000 / 29500

May 20, 2022

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Eagle Eye Equities

Day Trader's Hit List

Scrip Name Nifty

Support Levels

S2

S1

15670.0 15775.0

May 20, 2022

Close (Rs.)

Resistance Levels

R1

R2

Action

15809.40 15865.0 15980.0 Buy Above R1/ Sell Below S1

Bank Nifty

33000.0 33180.0 33315.65 33450.0 33630.0 Buy Above R1/ Sell Below S1

Axis Bank

635.0

645.0 650.20

653.0

658.0 Sell Below S1

Bajaj Finance

5600.0

5685.0 5707.00

5730.0

5780.0 Sell Below S1

HDFC

2114.0

2130.0 2136.30

2145.0

2155.0 Buy Above R1/ Sell Below S1

HDFC Bank

1260.0

1278.0 1287.05

1300.0

1315.0 Buy Above R1/ Sell Below S1

Hindustan Unilever

2236.0

2245.0 2264.55

2285.0

2302.0 Buy Above R1

INFOSYS

1402.0

1415.0 1427.15

1435.0

1445.0 Sell Below S1

ICICI Bank

675.0

685.0 690.30

693.0

697.0 Sell Below S1

ITC

271.5

274.0

275.65

277.5

282.0 Buy Above R1

Kotak Bank

1756.0

1775.0 1783.40

1786.0

1796.0 Sell Below S1

LT

1528.0

1540.0 1547.95

1553.0

1560.0 Sell Below S1

Maruti

7305.0

7385.0 7404.55

7433.0

7460.0 Sell Below S1

Reliance Industries

2446.0

2465.0 2479.85

2485.0

2512.0 Buy Above R1/ Sell Below S1

SBI

438.0

445.0

447.50

450.0

453.5 Sell Below S1

SunPharma

860.0

878.0 884.60

890.0

897.0 Sell Below S1

Tata Steel

1094.0

1115.0

1122.15

1130.0

1136.0 Sell Below S1

TCS

3170.0

3230.0 3261.95

3278.0

3305.0 Sell Below S1

Titan

2056.0

2099.0

2111.95

2140.0

2150.0 Sell Below S1

Zeel

225.0

229.0 230.25

232.0

233.0 Sell Below S1

*Note: Closing price of Nifty futures is last traded price of Nifty futures on NSE SL=Stoploss

May 20, 2022

5

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