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 50-60 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 8250-8270 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 27900 to 26700 levels. Immediate trend may remain under pressure till it doesn t move back move 27000-27150 zones. On downside if it fails to hold 26700 levels then weakness may continue towards its next support of 26400 zone. On upside if it manages to cross and hold above 27150 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 8237 27276 17978 11422 LOW 8094 26698 17567 11300 CLOSE 8135 26837 17721 11361 PIVOT 8155 26937 17756 11361 R 1 8216 27176 17944 11422 R 2 8298 27515 18167 11483 S 1 8074 26598 17533 11300 S 2 8013 26359 17345 11239
TECHNICAL CALLS VOLTAS : 330 P B EXECUTION PRICE RANGE Buy Between Rs. 324 To Rs. 327 STOP LOSS 319.00 TARGET 339.00 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 815.00 TARGET 866.00 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.
INDIAN INDICES TOP OUTPERFORMERS INDICES CLOSE CHANGE SENSEX NIFTY SENSEX 26837-351.18-1.29 NIFTY 8135-101.35-1.23 CLOSE % CLOSE % Coal India 386.7 0.81 IDEA 175.2 1.59 TURNOVER & MARKET CAP Bharti Airtel 421.3 0.79 COAL INDIA 387.3 0.98 Infosys 2023.1 0.71 BHARTI 420.7 0.62 Rs. (Cr.) YEST'DAY PREV.DAY TCS 2610.8 0.40 INFY 2020.9 0.61 BSE Cash 3087 2699 14.35 NTPC 138.3 0.22 BANK OF BAROD 161.3 0.53 NSE Cash 18912 16963 11.49 TOP UNDERPERFORMERS Derviatives(bn) 2937 2622 12.01 SENSEX NIFTY INSTITUTIONAL ACTIVITIES DII Equity 272 49 450.55 CLOSE % CLOSE % FII Equity -594 113-623.61 JP Asso. 13.1-20.67 TATA POWER 70.9-5.60 FII F&O -1102-486 126.86 Jindal Steel 106.9-6.60 ONGC 307.9-3.89 Tata power 70.4-6.13 GAIL 374.9-3.62 ADVANCES & DECLINES ITC 304.3-4.59 SBI 257.4-3.32 ONGC 308.1-3.81 VEDANTA LTD 188.3-3.31 EXCHANGE ADV DECLINES TOTAL BSE 500 BSE 570 1923 2493 NSE 238 1296 1534 TOP OUTPERFORMERS TOP UNDERPERFORMERS INDIAN ADR's CLOSE % CLOSE % Tree House Education and Accesso 389.3 5.35 Adani Enterprises 109.8-82.80 ADR CLOSE PREV.CLOSE NIIT Technologies Ltd 397.5 3.85 Unitech Ltd 8.7-35.27 Infosys 32.21 31.82-1.21 EIH Ltd 107.9 2.81 Jaiprakash Assoc 13.1-20.67 HDFC Bank 59.60 58.56-1.74 Eros International Media Ltd 426.9 2.61 Hindustan Constru 24.1-12.36 Wipro 12.06 12.00-0.50 Grindwell Norton Ltd 736.6 2.58 Reliance Power L 45.7-11.35 ICICI Bank 10.56 10.13-4.07 Edelweiss Financial Services Ltd 62.6 2.46 Adani Power Ltd 32.4-10.76 Sterlite Inds. 13.42 13.56 1.04 DEN Networks Ltd 148.8 2.27 Geometric Ltd 114.9-10.52 Dr. Reddy's Lab 55.11 54.46-1.18 SKF India Ltd 1475.0 2.23 Himachal Futuristi 10.9-10.14 Standard Chartered PLC 97.1 2.00 Kitex Garments Lt 880.9-9.72 SECTORAL INDICES Emami Ltd 1087.2 1.97 Suzlon Energy Ltd 20.8-9.37 BSE NSE Trinity Tradelink Ltd 15.5 1.97 PTC India Financi 39.9-9.11 INDICES CLOSE % INDICES CLOSE % Idea Cellular Ltd 175.3 1.95 Nestle India Ltd 6191.1-9.05 CNX Bank 17721-1.42 BSE MIDcap 10329-1.38 BEML Ltd 1058.7 1.94 Srei Infrastructure 34.9-8.89 CNX IT 11361 0.12 BSE SmallCap 10828-1.98 Shriram Transport Finance Co Ltd 821.3 1.90 BF Utilities Ltd 557.7-8.70 CNX Reality 184-5.99 BSE 200 3402-1.36 Kailash Auto Finance Ltd 10.3 1.87 Indiabulls Real Es 50.7-8.08 CNX FMCG 19132-2.93 OTHER IMP.DATA Bayer CropScience Ltd/India 3709.3 1.79 Jaiprakash Power 6.5-8.06 CNX Infra 3159-1.39 10 Yr Gsec yield 7.74 Symphony Ltd 2402.4 1.60 Lanco Infratech Lt 4.3-7.96 CNX Pharma 11747-1.31 RS/$ 63.92 UPL Ltd 539.6 1.56 Dishman Pharmac 129.7-7.95 BSE Auto 18336-1.52 $ Index 96.21 Procter & Gamble Hygiene & Health 6492.5 1.43 Gitanjali Gems Ltd 40.1-7.72 BSE Metal 9398-1.19 Brent Crude ($) 63.87 Muthoot Finance Ltd 188.4 1.18 Kesoram Industrie 81.3-7.57 CNX MNC 9581-2.16 Gold ($) 1189.42 Gujarat Pipavav Port Ltd 217.0 1.17 Aban Offshore Ltd 349.9-7.46 BSE 500 10611-1.45 Silver ($) 16.65 Accelya Kale Solutions Ltd 960.7 1.15 Jaypee Infratech L 14.0-7.31 Nifty Midcap 3200-2.16 PE CURRENT AVG Indraprastha Gas Ltd 401.6 1.15 Punj Lloyd Ltd 22.2-7.31 BSE 100 8231-1.37 NIFTY 21.5 19.7 Religare Enterprises Ltd 322.1 1.02 Reliance Infrastru 373.3-7.22 Godrej Consumer Products Ltd 1088.1 0.97 Shree Renuka Su 10.2-7.19
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 1480 1483 1447 1460 1463 1480 1499 1444 1428 Down 1472-1436 AMBUJA CEMENT 230 231 224 226 227 230 234 223 220 UP 228-222 ASIAN PAINTS 763 767 750 763 760 770 777 753 743 Down 765-748 AXIS BANK 553 555 539 551 548 558 564 541 532 Down 553-537 BAJAJ AUTO 2251 2291 2229 2240 2253 2278 2315 2216 2192 UP 2265-2204 BHARTI AIRTEL 418 423 409 421 418 426 431 412 404 UP 429-415 BHEL 253 255 241 246 247 254 262 239 233 Down 251-236 BPCL 847 851 833 839 841 849 860 831 822 UP 845-827 CAIRN INDIA 196 196 185 186 189 193 200 182 178 Down 191-180 CIPLA 642 644 631 635 637 642 650 629 624 UP 640-627 COAL INDIA 382 393 381 387 387 393 398 382 376 Down 396-384 LUPIN 1801 1820 1767 1795 1794 1821 1847 1768 1741 UP 1807-1755 Dr.REDDY'S LABS 3467 3540 3399 3428 3456 3513 3597 3371 3314 UP 3484-3343 GAIL INDIA 386 398 373 375 382 391 407 366 356 Down 386-361 GRASIM INDS 3487 3500 3393 3407 3433 3473 3540 3366 3326 Down 3453-3346 HCL TECH 955 966 932 952 950 968 984 935 917 Down 959-926 HDFC 1203 1218 1194 1203 1205 1216 1229 1192 1181 Down 1222-1198 HDFC BANK 1009 1017 998 1006 1007 1016 1026 997 988 Down 1011-992 HERO MOTOCORP 2600 2630 2567 2577 2591 2616 2654 2553 2529 Down 2603-2541 HINDALCO 124 125 120 122 122 125 127 120 117 Down 123-119 HINDUSTAN UNILEVER 853 855 829 831 838 848 864 822 812 Down 843-817 ICICI BANK 304 305 291 296 297 304 311 289 283 Down 300-286 IDEA 173 177 169 175 173 178 181 170 165 UP 180-172 IDFC 150 151 144 148 148 152 155 145 141 Down 152-145 INDUSIND BANK 845 851 834 843 843 851 859 834 826 Down 847-830 INFOSYS 2018 2060 2008 2021 2030 2051 2082 1999 1978 Down 2066-2014 ITC 314 314 301 304 306 312 320 299 293 Down 309-296 ULTRATECH CEMENT 2896 2914 2820 2831 2855 2890 2949 2796 2761 Down 2873-2779 TECH MAHINDRA 553 556 540 547 548 556 564 540 532 Down 552-536 KOTAK MAHINDRA BANK 1364 1364 1335 1346 1348 1361 1377 1333 1320 Down 1355-1326 LARSEN & TOUBRO 1675 1688 1644 1654 1662 1679 1705 1636 1618 Down 1671-1627 MAHINDRA & MAHINDRA 1226 1235 1200 1205 1213 1226 1248 1192 1178 Down 1220-1185 MARUTI SUZUKI 3805 3829 3752 3777 3786 3820 3863 3743 3709 Down 3803-3726 NMDC 126 127 122 123 124 126 129 121 118 Down 125-120 NTPC 138 140 136 138 138 140 142 136 134 UP 141-137 ONGC 320 323 307 308 313 319 329 302 296 Down 316-299 POWERGRID 142 144 141 143 143 144 146 141 140 UP 145-142 PUNJAB NATIONAL BANK 151 152 148 150 150 152 154 148 146 Down 151-147 RELIANCE INDS 899 910 889 896 898 908 920 886 876 UP 903-881 ZEE ENTERTAINMENT ENTERP 329 332 318 323 324 331 339 317 310 UP 328-313 SAIL 66 67 64 65 65 66 68 64 63 Down 66-63 SBI 267 268 255 257 260 265 273 252 247 Down 263-250 VEDANTA Ltd 195 196 185 188 190 194 200 184 179 Down 192-181 YES BANK 843 847 825 829 834 842 855 821 812 Down 838-816 SUNPHARMA 862 864 840 842 849 858 873 834 825 Down 853-829 TATA MOTORS 467 469 435 457 454 472 488 438 419 Down 463-429 TATA POWER 75 75 69 71 72 74 78 68 66 Down 73-67 TATA STEEL 322 324 314 316 318 322 327 312 309 Down 320-311 TCS 2604 2626 2591 2611 2609 2628 2644 2592 2574 UP 2636-2601 WIPRO 550 560 544 546 550 556 566 540 534 Down 553-537
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