FIRST MORNING TECHNICAL CALL T E C H N I C A L S. Thursday, June 04, 2015 MARKET OUTLOOK

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1 M T E C H N I C A L S MARKET OUTLOOK CNX Nifty (8135) CNX Nifty opened negative below previous day s close and continued its profit booking towards 8100 zones on second consecutive trading session. Although it was witnessing support base buying near to 8100 zones but managed to give bounce back of only points and finally closed the session with the loss of more than 100 points. Index has corrected by more than 350 points from 8450 to 8100 levels in last 2 trading sessions and trading near to recent support levels. Now if it manages to hold above 8180 zones then only further bounce back move may be seen towards next hurdle of zones, while if it fails to hold 8080 then weakness may continue towards recent low of psychological 8000 mark. C N CNX NIFTY COMMENTS SENSEX (26837) BSE Sensex continued its selling mode for second consecutive session and corrected by more than 1200 points from to levels. Immediate trend may remain under pressure till it doesn t move back move zones. On downside if it fails to hold levels then weakness may continue towards its next support of zone. On upside if it manages to cross and hold above then only bulls would be back to play the bounce back moves in the market. S & S&P BSE~SENSEX PIVOT TABLE NIFTY SENSEX BANK NIFTY CNX IT HIGH LOW CLOSE PIVOT R R S S

2 TECHNICAL CALLS VOLTAS : 330 P B EXECUTION PRICE RANGE Buy Between Rs. 324 To Rs. 327 STOP LOSS TARGET VOLTAS is holding the gains above its immediate support of 320 zones even after sharp declines in the market. Overall trend of the stock is positive and if market supports then it may outperformandtestitsrecenthighof348zones.itismakingan attractive price pattern and has the potential to see the next round of momentum. One can buy the stock with stop loss 319 of for the upside target 339 of levels. INDUSINDBANK : 842 E EXECUTION PRICE RANGE Buy Between Rs. 828 To Rs. 836 STOP LOSS TARGET INDUSINDBANK has corrected from 885 to 834 levels in last three trading sessions but now witnessing supports at lower levels. It made a Doji candle on daily chart which also suggests thatifitsustainsabove850zonesthenupmovemaybeseento retest its 50% retracement levels. One can buy the stock on decline with stop loss of 815 levels for the upside target of 866 levels.

3 INDIAN INDICES TOP OUTPERFORMERS INDICES CLOSE CHANGE SENSEX NIFTY SENSEX NIFTY CLOSE % CLOSE % Coal India IDEA TURNOVER & MARKET CAP Bharti Airtel COAL INDIA Infosys BHARTI Rs. (Cr.) YEST'DAY PREV.DAY TCS INFY BSE Cash NTPC BANK OF BAROD NSE Cash TOP UNDERPERFORMERS Derviatives(bn) SENSEX NIFTY INSTITUTIONAL ACTIVITIES DII Equity CLOSE % CLOSE % FII Equity JP Asso TATA POWER FII F&O Jindal Steel ONGC Tata power GAIL ADVANCES & DECLINES ITC SBI ONGC VEDANTA LTD EXCHANGE ADV DECLINES TOTAL BSE 500 BSE NSE TOP OUTPERFORMERS TOP UNDERPERFORMERS INDIAN ADR's CLOSE % CLOSE % Tree House Education and Accesso Adani Enterprises ADR CLOSE PREV.CLOSE NIIT Technologies Ltd Unitech Ltd Infosys EIH Ltd Jaiprakash Assoc HDFC Bank Eros International Media Ltd Hindustan Constru Wipro Grindwell Norton Ltd Reliance Power L ICICI Bank Edelweiss Financial Services Ltd Adani Power Ltd Sterlite Inds DEN Networks Ltd Geometric Ltd Dr. Reddy's Lab SKF India Ltd Himachal Futuristi Standard Chartered PLC Kitex Garments Lt SECTORAL INDICES Emami Ltd Suzlon Energy Ltd BSE NSE Trinity Tradelink Ltd PTC India Financi INDICES CLOSE % INDICES CLOSE % Idea Cellular Ltd Nestle India Ltd CNX Bank BSE MIDcap BEML Ltd Srei Infrastructure CNX IT BSE SmallCap Shriram Transport Finance Co Ltd BF Utilities Ltd CNX Reality BSE Kailash Auto Finance Ltd Indiabulls Real Es CNX FMCG OTHER IMP.DATA Bayer CropScience Ltd/India Jaiprakash Power CNX Infra Yr Gsec yield 7.74 Symphony Ltd Lanco Infratech Lt CNX Pharma RS/$ UPL Ltd Dishman Pharmac BSE Auto $ Index Procter & Gamble Hygiene & Health Gitanjali Gems Ltd BSE Metal Brent Crude ($) Muthoot Finance Ltd Kesoram Industrie CNX MNC Gold ($) Gujarat Pipavav Port Ltd Aban Offshore Ltd BSE Silver ($) Accelya Kale Solutions Ltd Jaypee Infratech L Nifty Midcap PE CURRENT AVG Indraprastha Gas Ltd Punj Lloyd Ltd BSE NIFTY Religare Enterprises Ltd Reliance Infrastru Godrej Consumer Products Ltd Shree Renuka Su

4 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 Down AMBUJA CEMENT UP ASIAN PAINTS Down AXIS BANK Down BAJAJ AUTO UP BHARTI AIRTEL UP BHEL Down BPCL UP CAIRN INDIA Down CIPLA UP COAL INDIA Down LUPIN UP Dr.REDDY'S LABS UP GAIL INDIA Down GRASIM INDS Down HCL TECH Down HDFC Down HDFC BANK Down HERO MOTOCORP Down HINDALCO Down HINDUSTAN UNILEVER Down ICICI BANK Down IDEA UP IDFC Down INDUSIND BANK Down INFOSYS Down ITC Down ULTRATECH CEMENT Down TECH MAHINDRA Down KOTAK MAHINDRA BANK Down LARSEN & TOUBRO Down MAHINDRA & MAHINDRA Down MARUTI SUZUKI Down NMDC Down NTPC UP ONGC Down POWERGRID UP PUNJAB NATIONAL BANK Down RELIANCE INDS UP ZEE ENTERTAINMENT ENTERP UP SAIL Down SBI Down VEDANTA Ltd Down YES BANK Down SUNPHARMA Down TATA MOTORS Down TATA POWER Down TATA STEEL Down TCS UP WIPRO Down

5 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 Tel No: Fax No: Website: