Weekly Equity Report - 26 Nov 30 Nov 18 - Zoid Research

NIFTY (SPOT) @ 10526

Nifty this week given close around 10526 with negative basis, due to mix global market
sentiments and elections in some states range bound and swing trend is seen and will more
swing will be seen in coming days, this week is it given minor negative closing as upside it
has strong resistance around 10750-10980 and it has weekly trend decider level is 10604 if
it close below then more downside fall we will see in upcoming day’s so don’t carry heavy
position in portfolio downside it will test 10300-10110 so be cautious on higher levels and
sell on rise strategy can be followed, keep close watch on given levels and global market
updates watch out.

BANK @ 25999

Nifty Bank this week given close around 25999 with negative basis below the major

support and trend decider @ 26000, but don’t hurry for fresh buying keep close watch

global market update, upside it has first resistance around 26250 and it has weekly trend

decider level is 25987, if it close below then more downside fall possible up to 25500-25000

so be cautious on higher levels, this week it given close with flat basis due to long covering

move, so keep close watch on given levels, watch out.

TREND DECIDER THIS WEEK 25987

JUSTIFICATION -

PIDILITIND FUT trading above 50 days SMA & close in weekly chart. Also share trading

above major resistance level 1126.20. We have recommended PIDILITIND FUT buy on dip

with target 1171 to 1192 and strong support level is 1083 .

JUSTIFICATION - 

VEDL FUT trading below major support level 201.10 and trading below 50 days SMA.

Also trend line showing selling side in weekly chart. We have recommend sell on rise with

target of 194 to 185 levels. And there is strong resistance level 218.85. 

CANDELSTICK CHART :- HDFC LIFE

JUSTIFICATION

This week HDFC LIFE given close around 393.3 with bullish candle due to short covering move and fresh buying also, in daily chart found fresh breakout buy on decline strategy best buying around 388.5-389.5 and keep stop loss of 384 below on closing basis upside it will be test 400-404+ watch out.

CANDELSTICK CHART : WELCORP CASH

JUSTIFICATION

This week WELCORP given close around 159.6+ with bullish candle due to short covering move and fresh buying also, in daily chart found fresh breakout buy on decline strategy best buying around 158.5-159 and keep stop loss of 154 below on closing basis upside it will be test 165-170+ watch out. 

Weekly FOREX Outlook - 19th Nov to 23rd Nov 18

Technical based Trading and investment call 

Entry- Exit Trend Reversal+ Proper Stop loss

SYMBOL	PIVOT	RANGE	S1	S2	R1	R2
USDINR	72.25	1.16	71.52	71.35	73.23	73.40
EURINR	81.97	1.29	81.20	81.01	83.10	83.29
JPYINR	63.71	0.72	63.24	63.13	64.29	64.40
GBPINR	92.89	2.60	91.28	90.90	95.10	95.48

USDINR – NSE FUTURE

USDINR continue in down trend, also seen our last week predicted price 71.80, and made as a same low of 71.7925 (closed at 71.99).

Now USDINR looking in correction mode and can trade between strong support and resistance range of 71.80-73.00

Trading View

For short: - we can make short position If INR gives closing below 71.75 in daily chart, with stop loss 20-30 point.

Weekly Equity Report - 5 Nov to 9th Nov 2018 | Zoid Research

NIFTY (SPOT) @ 10553

Nifty this week given close around 10553 with big bullish candle, this week it given close

end of day with +172 points, due to positive global market sentiments and short covering

move, this week is it given positive close but upside it has strong resistance around 10750-

10980 and it has weekly trend decider level is 10393 if it close below then more downside

fall we will see in upcoming day’s so don’t carry heavy position in portfolio downside it will

be test 10180-9800 so be cautious on higher levels, keep close watch on given levels and

global market updates watch out.

BANK @ 25701

Nifty Bank this week given close around 25701 with big bullish candle due to short

covering move and some positive buying but don’t hurry for fresh buying keep close watch

global market update, upside it has first resistance around 26230-26770 and it has weekly

trend decider level is 25320, if it close below then more downside fall possible so be

cautious on higher levels, this week it given close with bullish candle due to short covering

move, so keep close watch on given levels, watch out.

TREND DECIDER THIS WEEK 25320

JUSTIFICATION

ASHOKLYD FUT had been framed a HEAD AND SHOULDER pattern in weekly chart also share trading at major resistance level 119. we have recommended ashoklyd future sell on rise with target 113 to 105 and strong resistance level is 123.90.

JUSTIFICATION

CANBK FUTURE trading at major weekly resistance level 244.90 .Also trading below SMA 50 days. We have recommend sell on rise ( 259 TO 265 ) strategy with target 220 to 199 level and there is strong resistance level 293.45. 

JUSTIFICATION

This week ADANIPOWER given close around 49.85 with big bullish candle due to heavy short covering move and fresh buying also, in daily chart found fresh breakout buy on decline strategy best buying around 45-45.5 and keep stop loss of 39 below on closing basis upside it will be test 55-60+ watch out.

JUSTIFICATION

This week ITC given close around 283+ with bullish candle due to short covering move and fresh buying also, in daily chart found fresh breakout buy on decline strategy best buying around 279-280 and keep stop loss of 274.8 below on closing basis upside it will be test 288-294 watch out. 

WEEKLY RECOMMENDATIONS:

WEEKLY OPTION RECOMMENDATIONS: