Support & Resistance. ICICI Securities Ltd. Retail Equity Research. March 16, 2018

Transcription

1 March 16, 2018 Support: The support level is the lowest price a security trades at, over a period of time. The price stops dropping because buyers start to outnumber sellers. The longer the price stays at a particular level, the stronger the support at that level. Many traders believe that the stronger the support at a given level, the less likely it will break below, however it is recommended to exit the position if support breaks. Resistance: The resistance level is the highest price a security trades at over a period of time. The price stops rising because sellers begin to outnumber buyers. The more often the price reaches a particular level of resistance and fails to break through, the stronger the resistance at that level. For this reason, many traders believe that the stronger the resistance, the less likely the price will break through that level, however it is recommended to enter the position once the resistance break Note: This is recommended to use "Limit" and "SLTP" for disciplined trading. STOCK CLOSE S1 S2 S3 R1 R2 R3 TREND Nifty Neutral S&P BSE SENSEX INDEX Neutral Nifty Bank Positive Nifty 50 Futures Neutral Nifty Bank Futures Positive ACC LTD Neutral AMBUJA CEMENTS Positive ADANI POWER LTD Positive ADANI ENTERPRISE Positive ADANI PORTS AND Positive AJANTA PHARMA Positive ASHOK LEYLAND Positive ALLAHABAD BANK Positive AMARA RAJA BATT Neutral ANDHRA BANK Positive APOLLO HOSPITALS Positive ASIAN PAINTS LTD Positive APOLLO TYRES LTD Positive AUROBINDO PHARMA Negative ARVIND LTD Positive AXIS BANK LTD Positive BAJAJ FINANCE LT Positive BATA INDIA LTD Neutral BEML LTD Positive BHARAT FINANCIAL Positive BHARTI AIRTEL Negative BHARAT ELECTRON Positive BHARAT HEAVY ELE Neutral

2 BHARAT FORGE CO Neutral BHARTI INFRATEL Negative BALKRISHNA INDS Positive BIOCON LTD Negative BAJAJ AUTO LTD Positive BAJAJ FINSERV LT Neutral BANK OF BARODA Neutral BANK OF INDIA Positive BOSCH LTD Negative BHARAT PETROL Neutral BALRAMPUR CHINI Negative BERGER PAINTS Negative BRITANNIA INDS Positive CAPITAL FIRST LT Neutral CAN FIN HOMES Neutral CANARA BANK Positive CONTAINER CORP Neutral CADILA HEALTHCAR Neutral CEAT LTD Negative CENTURY TEXTILE Neutral CESC LTD Negative CG POWER AND IND Positive CHOLAMANDALAM IN Positive CIPLA LTD Negative COLGATE PALMOLIV Positive COAL INDIA LTD Positive CASTROL INDIA Neutral DABUR INDIA LTD Positive DALMIA BHARAT LT Neutral DCB BANK LTD Positive DEWAN HOUSING Neutral DISH TV INDIA Positive DIVI LABS LTD Positive DLF LTD Positive DR REDDY'S LABS Positive EICHER MOTORS Negative ENGINEERS INDIA Neutral EQUITAS HOLDINGS Positive ESCORTS LTD Positive EXIDE INDUS LTD Positive FED BANK LTD Negative

3 FORTIS HEALTHCAR Positive GAIL INDIA LTD Negative GODREJ CONSUMER Negative GODREJ INDUSTRIE Positive GMR INFRASTRUCTU Positive GLENMARK PHARMA Positive GODFREY PHILLIPS Positive GRANULES INDIA Positive GRASIM INDS LTD Neutral GUJARAT STATE F Positive HAVELLS INDIA Positive HINDUSTAN CONST Positive HCL TECH LTD Neutral HOUSING DEV FIN Negative HDFC BANK LTD Positive HOUSING DEVELOPM Negative HEXAWARE TECHNOL Neutral HERO MOTOCORP LT Positive HINDALCO INDS Neutral HINDUSTAN PETRO Negative HINDUSTAN UNILEV Negative HINDUSTAN ZINC Negative INDIABULLS REAL Positive INDIA CEMENTS Positive ICICI BANK LTD Neutral INDO COUNT INDS Positive IDBI BANK LTD Positive IDEA CELLULAR Positive IDFC LTD Positive IDFC BANK LTD Neutral IFCI LTD Positive INDRAPRASTHA GAS Neutral INDIABULLS HOUSI Positive INDUSIND BANK Positive INDIAN BANK Positive INTERGLOBE AVIAT Neutral INFIBEAM INCORPO Positive INFOSYS LTD Neutral INDIAN OIL CORP Negative ICICI PRUDENTIAL Neutral IRB INFRASTRUCTU Neutral

4 ITC LTD Neutral JET AIRWAYS IND Positive JAIN IRRIGATION Positive JAIPRAKASH ASSOC Positive JINDAL STEEL & P Positive JSW STEEL LTD Negative JSW ENERGY LTD Neutral JUBILANT FOODWOR Positive JUST DIAL LTD Positive KARNATAKA BANK Positive KAJARIA CERAMICS Positive CUMMINS INDIA Positive KOTAK MAHINDRA Positive KPIT TECHNOLOGIE Positive KAVERI SEED Neutral LIC HOUSING FIN Positive LUPIN LTD Neutral LARSEN & TOUBRO Neutral L&T FINANCE HOLD Neutral MAHANAGAR GAS LT Positive MAX FINANCIAL SE Neutral MCX INDIA LTD Positive MANAPPURAM FINAN Positive MAHINDRA & MAHIN Positive M&M FIN SERVICES Positive MARICO LTD Negative MRF LTD Positive CHENNAI PETROLEU Negative MANGALORE REFINE Negative MARUTI SUZUKI IN Positive MOTHERSON SUMI Negative MINDTREE LTD Positive MUTHOOT FINANCE Neutral NATIONAL ALUMIN Positive NBCC INDIA LTD Negative NESTLE INDIA LTD Neutral NHPC LTD Positive NIIT TECH LTD Positive NCC LTD Positive NMDC LTD Neutral NTPC LTD Neutral

5 ORIENTAL BANK OF Positive ORACLE FINANCIAL Neutral OIL INDIA LTD Positive OIL & NATURAL GA Negative PAGE INDUSTRIES Negative PC JEWELLER LTD Positive PIDILITE INDS Positive PIRAMAL ENTERPRI Negative PETRONET LNG LTD Neutral PUNJAB NATL BANK Positive POWER FINANCE Neutral PTC INDIA LTD Positive PVR LTD Neutral POWER GRID CORP Neutral RBL BANK LTD Positive RELIANCE CAPITAL Positive RELIANCE COMMUNI Neutral REC LIMITED Positive RELIANCE INFRAST Positive REPCO HOME FINAN Neutral RELIANCE INDS Negative RELIANCE POWER Positive RAYMOND LTD Positive STEEL AUTHORITY Positive STATE BANK IND Positive SHRIRAM TRANSPRT Positive SOUTH INDIAN BK Positive SIEMENS LTD Positive SYNDICATE BANK Positive SHREE CEMENT Positive SREI INFRASTRUCT Positive SRF LTD Positive STRIDES SHASUN L Positive SUZLON ENERGY Positive SUN PHARMA INDU Neutral SUN TV NETWORK Positive TATA STEEL LTD Negative TATA COMMUNICATI Positive TATA CONSULTANCY Negative TECH MAHINDRA LT Positive TATA ELXSI LTD Positive

6 TATA GLOBAL BEVE Positive TORRENT POWER LT Positive TATA POWER CO Neutral RAMCO CEMENT/THE Positive TORRENT PHARMA Negative TITAN CO LTD Positive TATA CHEMICALS Neutral TATA MOTORS LTD Positive TV18 BROADCAST L Positive TVS MOTOR CO LTD Positive UNITED BREWERIES Positive UJJIVAN FINANCIA Positive UNION BANK INDIA Positive UNITED SPIRITS Positive UPL LTD Positive ULTRATECH CEMENT Neutral VEDANTA LTD Negative V-GUARD IND LTD Neutral VOLTAS LTD Negative WOCKHARDT LTD Positive WIPRO LTD Neutral YES BANK LTD Neutral ZEE ENTERTAINMEN Negative

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