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SAI PROFICIENT RESEARCH
INVESTMENT
INTRA DAY REPORT
DATE:- 15-MARCH-2016
WWW.SAIPROFICIENT.COM,+919981999934
http://www.saiproficient.com%2C+919981999934/http://www.saiproficient.com%2C+919981999934/http://www.saiproficient.com%2C+919981999934/
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MARKET OUTLOOK
SENSEX Closed with (-253.11 )or (-1.02%) at 24,551.17
NIFTY Closed with (-78.15) or (-1.04%) at 7460.60
BANKNIFTY Closed with (+49) or (+0.32 )at 15,326.80
Tata Steel eyes Odisha plant integrated production by September
Adani port declared interim dividend of Rs. 1.10/- per equity share (i.e. 55%) of Rs. 2/- each
of the Company for the financial year 2015-16.
Top lender State Bank of India has said it has seen a steady decline in the number of zero
balance accounts opened under the financial inclusion drive and their count is now below 46
per cent.
ICICI bank Raise USD 700 million via 10-yeardollar bonds
Zee Enterprises Acquire 100 percent stake in fly by wire international, acquisition will be in
all cash.
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NIFTY50 .
FED METTING SETS MOOD FOR A FLAT NIFTY OPENING
The 50-share NSE Nifty failed to hold 7545 level in trade today, down (78.15) points to 7460.60at close.
OBSERVATION:-
Nifty closed at 7460 with a loss of 78.15points. On the daily chart the index has formed a
Bearish candle indicating negative bias.The index is moving in a Higher Top and Higher Bottom
formation on the daily chart indicating sustained up trend. The chart pattern suggests that if Nifty
crosses and sustains above 7500 level it would witness buying which would lead the indextowards 7580-7640 levels.However if index breaks below 7450 level it would witness selling
which would take the index towards 7400-7380. Nifty continues to remain in an uptrend in the
short to medium term, so buying on dips continues to be our preferred strategy. The daily
strength indicator RSI is moving upwards and above its reference line indicating positive bias.
However momentum oscillator Stochastic has turned negative from the overbought zone
indicating a possible consolidation or a down move in the near term The trend deciding level for
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the day is 7500. If NIFTY trades above this level then we may witness a further rally up to 7540-
7595-7640 levels. However, if NIFTY trades below 7495 levels then we may see some profit
booking initiating in the market, which may correct up to 7440-7395-7340 level.
Date Index Open Close High Low
15-3-2016 Nifty 7545 7460.60 7555.95 7470.20
Resistance 2 Resistance 1 Support 1 Support 2
7550 7500 7450 7400
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BANK NIFTY
Bank Nif ty unl ikely to in per form nif ty 50
Date Index Open Close High Low
15-3-2016 Bank Nifty 15350 15226.80 15449.
90
15350
Resistance 2 Resistance 1 Support 1 Support 2
15280 15250 15200 15160
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ICICI BANK
ICICI Bank Raise USD 700 million via 10-yeardollar bond
. Date Stock CMP Open Close High Low
15-3-2016 ICICI BANK 221.05 222.80 221.35 224.85 220.50
Resistance 2 Resistance 1 Support 1 Support 2
240 230 210 200
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ZEE ENTERPRISES
Acqui re 100 percent stake in fl y by wire international, acquisition wil l be in all
cash
Date Stock CMP Open Close High Low
15-3-2016 ZEE
ENTERPRISES
384.85 399.10 386.30 402.25 384.50
Resistance 2 Resistance 1 Support 1 Support 2
400 392 380 372
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AUROBINDO PHARMA
Gets USFDA approval for I bandronate sodium tablet (used to treat osteoporosis)
Date Stock CMP Open Close High Low
14-3-2016 AURO
PHARMA708.30 736.20 709.75 737.50 704
Resistance 2 Resistance 1 Support 1 Support 2
726 713 703 694
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investments involve risk and past performance does not guarantee future results. Investigate before you invest. You are strongly cautioned to verify any information before using it for any
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