MARKETM T E C H N I C A L S MARKET OUTLOOK NIFTY (7823) CNX Nifty opened positive and managed to hold immediate support of 7750 zones and headed towards 7845 levels after the weakness of last three trading sessions. It traded inside the trading range of previous session and made a bullish harami candle on daily chart near to the major support zone. Overall trend is under pressure as we have seen sharp decline but support based buying near to the oversold territory is giving an early sign of trend reversal. Now it has to cross and hold above 7850 zones to witness a bounce back move towards 7940 and 8000 zones, while if it fails to hold 7750 then the hope of recovery may wipe out and index can revisit its recent low of 7667 levels. C N CNX NIFTY COMMENTS SENSEX (25765) BSE Sensex opened positive and remained strong throughout the day recovering around 310 points at the close of the trading session. It witnessed a relief after the tremendous fall of the previous three days and negated its pattern of making lower lows. It is turning from the oversold territory and now if it sustains above 25750 zones then a bounce back move may be seen towards 26000 and 26200 levels. While if it fails to hold 25500 levels then the hope of bounce back move may fizzle out and index may drift towards 25250 levels. S & S&P BSE~SENSEX PIVOT TABLE NIFTY SENSEX BANK NIFTY CNX IT HIGH 7846 25835 16607 11723 LOW 7754 25556 16321 11565 CLOSE 7823 25765 16555 11673 PIVOT 7808 25719 16494 11654 R 1 7861 25882 16668 11742 R 2 7899 25998 16781 11811 S 1 7770 25602 16382 11584 S 2 7716 25439 16208 11496
TECHNICAL CALLS RECLTD: Rs. 253 B u Buy Between Rs. 246 To Rs. 249 STOP LOSS 241.00 TARGET 264.00 RECLTD is turning from the oversold territory and finding sustained buying interest from last couple of trading sessions. It has seen sustained selling inlast sixmonths from 371to 200lower levelsandnowlooks attractive in terms of risk reward ratio. In the last week it made a reversal candle and now holdingabove 250may takeit to 264and268levels. Traders canbuy the stock with stop loss of 241 for the upside immediate target of 264 levels. TCS: Rs. 2606 E X Buy Between 2560 To Rs. 2586 STOP LOSS 2530.00 TARGET 2660.00 TCShasbeenmovinginlongconsolidation fromlast coupleof monthsand recentlyithastakensupportat2510-2530zonesandhasmanagedtohold above its 50 DMA.It is trading in a range from last couple of months with support base shifting to the higher levels. Thus, it is showing the potential to move towards 2660 and higher levels. Traders can buy the stock with stop loss of 2530 for the upside immediate target of 2660 levels.
INDIAN INDICES TOP OUTPERFORMERS INDICES CLOSE CHANGE SENSEX NIFTY SENSEX 25765 311.22 1.22 NIFTY 7823 106.00 1.37 CLOSE % CLOSE % DLF 120.7 10.08 CAIRN 149.3 5.89 TURNOVER & MARKET CAP Tata Steel 229.7 4.55 TATA STEEL 229.8 4.67 SESA Goa 98.3 4.41 VEDANTA LTD 98.3 4.41 Rs. (Cr.) YEST'DAY PREV.DAY HDFC 1172.0 4.10 HDFC 1172.1 4.35 BSE Cash 2597 2526 2.82 Hindalco 77.2 3.42 AXIS BANK 486.9 4.35 NSE Cash 15059 18130-16.94 TOP UNDERPERFORMERS Derviatives(bn) 1916 2053-6.65 SENSEX NIFTY INSTITUTIONAL ACTIVITIES DII Equity 880 682 29.09 CLOSE % CLOSE % FII Equity -1573-675 132.99 Hero Motocorp 2330.0-0.57 IDEA 149.4-3.30 FII F&O -1443-6 24690.72 Sun Pharma 885.4-0.56 HEROMOTOCORP2322.4-0.70 ITC 320.1 0.02 SUNPHARMA 885.0-0.58 ADVANCES & DECLINES Infosys 1100.7 0.03 ITC 320.0-0.03 Coal India 345.7 0.33 INFY 1099.4-0.01 EXCHANGE ADV DECLINES TOTAL BSE 500 BSE 1744 1448 3192 NSE 1107 403 1510 TOP OUTPERFORMERS TOP UNDERPERFORMERS INDIAN ADR's CLOSE % CLOSE % Kitex Garments Ltd 781.4 15.73 Amtek Auto Ltd 31.6-34.81 ADR CLOSE PREV.CLOSE Unichem Laboratories Ltd 303.1 13.20 Kaveri Seed Co Ltd 447.3-5.95 Infosys 16.85 17.45 3.56 DLF Ltd 120.7 10.08 Sunrise Asian Ltd 190.9-4.98 HDFC Bank 55.87 57.14 2.27 Geometric Ltd 136.6 8.97 Castex Technologies 52.0 Ltd -4.94 Wipro 11.58 11.72 1.21 Sonata Software Ltd 146.1 7.55 Container Corp Of India 1397.2 Ltd -4.47 ICICI Bank 8.51 8.56 0.59 Future Lifestyle Fashions Ltd 69.7 7.48 Oracle Financial Services 3917.3Software Ltd -3.75 Sterlite Inds. 13.58 13.80 1.62 JSW Energy Ltd 73.9 6.95 Idea Cellular Ltd 150.0-2.91 Dr. Reddy's Lab 63.70 64.48 1.22 Tata Motors Ltd 235.1 6.77 Cholamandalam Investment 585.1 and Finance Co -2.85 Ltd Indiabulls Real Estate Ltd 64.5 6.70 IFB Industries Ltd 473.9-2.84 SECTORAL INDICES Oberoi Realty Ltd 224.4 6.68 Gateway Distriparks 332.9 Ltd -2.80 BSE NSE Balrampur Chini Mills Ltd 45.0 6.39 Greaves Cotton Ltd 126.8-2.76 INDICES CLOSE % INDICES CLOSE % Sterlite Technologies Ltd 80.2 6.08 Whirlpool of India Ltd642.3-2.62 CNX Bank 16555 1.86 BSE MIDcap 10560 1.18 Cairn India Ltd 149.3 5.59 Lycos Internet Ltd 25.5-2.49 CNX IT 11673 0.59 BSE SmallCap 10874 1.15 Housing Development & Infrastructure 61.8 Ltd 5.37 Gati Ltd 138.9-2.39 CNX Reality 165 4.71 BSE 200 3311 1.29 Birla Corp Ltd 449.6 5.24 Shree Renuka Sugars 7.6Ltd -2.19 CNX FMCG 19906 0.26 OTHER IMP.DATA Sunteck Realty Ltd 220.4 5.15 EID Parry India Ltd 129.5-2.08 CNX Infra 2870 1.70 10 Yr Gsec yield 7.74 Force Motors Ltd 2167.7 5.00 Nava Bharat Ventures 140.8 Ltd -2.05 CNX Pharma 12817-0.18 RS/$ 66.20 Astral Polytechnik Ltd 430.7 4.95 Bajaj Hindusthan Sugar 12.7Ltd -2.01 BSE Auto 17383 1.34 $ Index 95.87 Gold Line International Finvest Ltd 185.1 4.93 Risa International Ltd13.2-2.00 BSE Metal 7281 2.43 Brent Crude ($) 50.36 Steel Authority of India Ltd 48.8 4.84 CCL International Ltd45.0-1.85 CNX MNC 9534 1.01 Gold ($) 1129.51 HeidelbergCement India Ltd 81.9 4.80 Dishman Pharmaceuticals 254.8 & Chemicals Ltd -1.74 BSE 500 10365 1.29 Silver ($) 14.71 Dynamatic Technologies Ltd 2355.7 4.80 Bata India Ltd 1029.2-1.70 Nifty Midcap 3068 1.01 PE CURRENT AVG PMC Fincorp Ltd 1.6 4.70 Alembic Pharmaceuticals 697.5Ltd -1.66 BSE 100 7971 1.36 NIFTY 20.4 19.7 Vardhman Textiles Ltd 910.3 4.64 NCC Ltd/India 66.3-1.63 India Cements Ltd/The 74.0 4.60 Coromandel International 183.6Ltd -1.58
TRENDER+ OF NIFTY 50 STOCKS SCRIP NAME OPEN HIGH LOW CLOSE PIVOT R 1 R 2 S 1 S 2 TRENDER+ DAILY PROJECTED RANGE ACC 1361 1399 1355 1395 1383 1410 1426 1367 1340 UP 1418-1375 AMBUJA CEMENT 212 222 212 218 217 223 227 213 208 UP 225-215 ASIAN PAINTS 815 833 807 827 822 838 849 811 796 Down 843-817 AXIS BANK 471 490 469 487 482 495 502 474 461 Down 499-478 BAJAJ AUTO 2218 2266 2213 2248 2242 2272 2295 2219 2189 UP 2284-2230 BHARTI AIRTEL 343 348 343 347 346 349 351 344 341 Down 350-345 BHEL 209 216 208 212 212 216 219 208 204 Down 218-210 BPCL 854 862 832 838 844 856 873 826 815 UP 850-821 CAIRN INDIA 143 151 142 149 147 153 156 144 138 Down 154-145 CIPLA 659 664 652 656 657 662 669 650 645 UP 660-648 COAL INDIA 346 351 340 345 345 351 357 339 334 Down 348-337 LUPIN 1893 1895 1850 1862 1869 1888 1914 1843 1824 UP 1879-1834 Dr.REDDY'S LABS 4235 4260 4195 4209 4221 4248 4286 4183 4157 UP 4235-4170 GAIL INDIA 294 298 287 295 293 299 304 289 283 Down 302-291 GRASIM INDS 3418 3450 3390 3423 3421 3452 3481 3392 3361 Flat 3466-3407 HCL TECH 962 967 951 961 959 968 976 952 943 UP 964-948 HDFC 1139 1176 1126 1172 1158 1190 1209 1140 1108 Flat 1199-1149 HDFC BANK 1002 1015 999 1010 1008 1017 1024 1001 992 Down 1021-1005 HERO MOTOCORP 2356 2365 2315 2322 2334 2353 2384 2303 2284 Down 2344-2294 HINDALCO 75 78 75 77 77 79 80 75 74 Down 79-76 HINDUSTAN UNILEVER 831 842 815 834 830 845 857 819 804 Down 851-824 ICICI BANK 269 270 262 267 266 271 274 262 258 Down 268-260 IDEA 155 155 149 149 151 153 157 147 145 Down 152-146 IDFC 128 130 127 129 129 130 131 127 126 Down 130-128 INDUSIND BANK 830 860 820 849 843 866 883 826 803 Flat 875-835 INFOSYS 1110 1112 1093 1099 1101 1110 1121 1091 1082 Flat 1106-1086 ITC 319 325 319 320 321 324 327 318 315 Down 325-319 ULTRATECH CEMENT 2883 3023 2883 3004 2970 3057 3110 2917 2830 Flat 3083-2943 TECH MAHINDRA 542 553 528 540 540 553 565 528 516 UP 547-522 KOTAK MAHINDRA BANK 610 630 605 627 621 637 646 611 595 Down 641-616 LARSEN & TOUBRO 1542 1572 1538 1569 1559 1581 1594 1547 1525 Flat 1588-1553 MAHINDRA & MAHINDRA 1144 1158 1092 1141 1130 1168 1196 1103 1064 Down 1149-1083 MARUTI SUZUKI 4059 4162 4039 4143 4115 4191 4238 4067 3992 Flat 4214-4091 NMDC 100 104 100 103 102 104 106 101 98 UP 105-101 NTPC 116 119 116 118 118 119 121 116 114 Down 120-117 ONGC 229 232 227 229 229 232 234 227 224 Down 233-228 POWERGRID 125 129 125 127 127 129 131 125 123 Down 130-126 PUNJAB NATIONAL BANK 132 133 130 131 131 133 135 129 128 Down 132-129 RELIANCE INDS 854 861 844 854 853 862 869 845 837 Down 857-841 ZEE ENTERTAINMENT ENTERPRISES 364 LIMITED 372 360 368 367 373 378 362 355 Down 376-364 SAIL 47 50 47 49 48 50 51 47 46 Down 51-48 SBI 233 236 231 232 233 235 237 230 228 Down 234-229 VEDANTA Ltd 94 100 94 98 98 101 103 95 92 Flat 102-96 YES BANK 666 677 661 672 670 679 685 663 654 Down 682-666 SUNPHARMA 898 903 881 885 890 898 912 876 868 Down 894-872 TATA MOTORS 326 340 326 334 333 340 347 327 320 Down 343-330 TATA POWER 59 60 59 60 60 61 61 59 58 Down 61-59 TATA STEEL 223 233 222 230 228 234 239 223 217 Flat 237-226 TCS 2596 2615 2576 2606 2599 2622 2638 2583 2560 Flat 2630-2591 WIPRO 559 568 558 567 564 571 574 561 554 UP 573-563
HOW TO TRADE USING THE TRENDER+ CLOSING PRICES Closing price is the price at which scrip closes on the date mentioned in the report. Traders may initiate their intraday trade on this level. The stock or index should sustain above or below the pivot else you should exit the trade. TREND Trend is the level at which the tendency of stocks can be identified. For best results, you can use the 'trender' to trade. A 'weak' trend denoted by DOWN means that traders can trade with a negative bias. If the trend is 'strong',denoted by UP, one can trade with a positive bias on the long side. Base price should be the pivot point price. IF THE TREND IS UP Ideally, for a buy position, buy at the pivot point and use S1 as the stop loss for a target of levels around R2 and higher. IF THE TREND IS DOWN Ideally, for a sell position, sell at the pivot point and use R1 as a stop loss and S2 or lower levels as a target level. TRENDER + : This is a broad based technical trend of the stock prevailant, may or may not be necessarily for the day. DAILY PROJECTED RANGE : Projected Daily high and low are indicative range for the day, if the price moves out of the range the trend in that side may accelerate and turn bullish or bearish. THE TREND AND THE DAILY PROJECTED RANGE IS BASED ON CERTAIN SIMPLE CALCULATIONS WHICH IS PROVIDED BY BLOOMBERG, EXCLUSIVELY USED BY ANAND RATHI Disclaimer:-Thisreport has been issued by Anand Rathi Share and Stock Brokers Limited (ARSSBL), which is regulated by SEBI. The informationherein was obtained from various sources; we do not guarantee its accuracy or completeness. Neither the information nor any opinion expressed constitutes an offer, or an invitation to make an offer, to buy or sell any securities or any options, futures or other derivatives related to such securities ("related investments"). ARSSBL and its affiliatesmay trade for their own accounts as market maker / jobber and/or arbitrageur in any securities of this issuer(s) or in related investments, and may be on the opposite side of public orders. ARSSBL, its affiliates, directors, officers, and employees may have a long or short position in any securities of this issuer(s) or in related investments. ARSSBL or its affiliatesmay from time to time perform investment banking or other services for, or solicit investment banking or other business from, any entity mentioned in this report. This research report is prepared for private circulation. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receivethis report. Investors should seek financial advice regarding the ppropriateness of investing in any securities or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each security's price or value may rise or fall. Past performance is not necessarily a guide to future performance. Foreign currency rates of exchange may adversely affect the value, price or income of any security or related investment mentioned in this report. ANAND RATHI SHARE AND STOCK BROKERS LIMITED 4 th Floor, Silver Metropolis, Jaicoach Compound Opposite Bimbisar Nagar,Goregaon(East), Mumbai - 400063. Tel No: +91 22 4001 3700 Fax No: +91 22 4001 3770 Website: www.rathi.com