(equities)

May 21, 2013 6:00am IST

Visit us at www.sharekhan.com

Punters Call

What goes up, comes down

Market on May 20, 2013: Resistance @ 6230

Nifty daily: 6,169

6300
6250

0.0%

6200

The Nifty closed in the negative today, down 30 points at

6156. Over the next couple of days it is expected to head
lower till 6135. In this period the key support will be around
6100 and resistance will be around 6230.

6150
6100
23.6%

6050
6000
5950

38.2%

5900
50.0%

5850
5800

61.8%

5750
5700

Of the 50 stocks of the Nifty, Tata Motors and Jindal Steel

are expected to move lower going forward.

5650
5600
5550
5500
100.0%

The Nifty has closed in the negative facing resistance around

the upper Bollinger Band on the daily chart. The index is
expected to retrace the entire rally from 5477 to 6230.
The short-term bias for the Nifty has changed to negative
for a target of 6010 with reversal around 6230. The mediumterm outlook remains positive with reversal expected
around the 20-daily moving average (DMA), as the index
has taken support around the 20-weekly moving average,
ie 5886, with a close above the previous swing high, ie
5971. The momentum indicator has also given a positive
crossover on the weekly chart.

5450
5400

KST (3.26301)
4
3
2
1
0
-1
-2
-3
11

18

25

4
March

11

18

25

1
April

15

22

29

13

20

27

May

3
June

60 minute
- NSE50 [NIFTY] (6,194.15, 6,194.35, 6,146.05, 6,160.10, -33.2500)
6250
6200
6150
6100
6050
6000
5950
5900
5850

Other technical observations

5800
5750
5700

On the daily chart the index is trading above the 20-DMA

and the 40-DMA, ie 6010 and 5921 respectively. The
momentum indicator is trading in negative mode.

5650
5600
5550
5500
5450
KST (0.19414)

On the hourly chart, the Nifty is trading between the 20hourly moving average (HMA) and the 40-HMA, ie 6178 and
6135 respectively, which are crucial intra-day levels. The
hourly momentum indicators have turned negative. The
market breadth was negative today with 564 advances and
736 declines on the National Stock Exchange.

2.0
1.5
1.0
0.5
0.0
-0.5
-1.0

5
2013

10

11

12

15

16

17

18

22

23

25

26

29

30

2
3
May

10

13

14

15

16

17

20

21

22

Market Breadth
BSE

NSE

Advances

1,116

591

Declines

1,302

689

130

83

1,999 cr

11,355 cr

Unchanged
Volume (Rs)

For Private Circulation only

Sharekhan Ltd, Regd Add: 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East),
Mumbai 400042, Maharashtra. Tel: 022 - 61150000. Sharekhan Ltd.: SEBI Regn. Nos. BSE-Cash-INB011073351 ; F&O-INF011073351 ; NSE INB/
INF231073330; CD - INE231073330 ; MCX Stock Exchange: INB/INF-261073333 ; CD - INE261073330 ; United Stock Exchange: CD - INE271073350 ; DPNSDL-IN-DP-NSDL-233-2003 ; CDSL-IN-DP-CDSL-271-2004 ; PMS-INP000000662 ; Mutual Fund-ARN 20669 ; Commodity trading through Sharekhan
Commodities Pvt. Ltd.: MCX-10080 ; (MCX/TCM/CORP/0425) ; NCDEX -00132 ; (NCDEX/TCM/CORP/0142) ; NSEL-12790 ; For any complaints email at
igc@sharekhan.com ; Disclaimer: Client should read the Risk Disclosure Document issued by SEBI & relevant exchanges and Dos & Donts by MCX &
NCDEX and the T & C on www.sharekhan.com before investing.

Short Term Trend

Target
Sensex

19750

Nifty

6010

Trend

Reversal




Support / Resistance

Up above 20450

19750/20450

Up above 6230

6010/6230

Medium Term Trend

Target
Sensex

21110

Nifty

6340

Trend




Up

Reversal

Support / Resistance

Down below 18860

18860/21110

Down below 5715

5715/6340

Icon guide
Down

Downswing matures

Trendy Levels
Levels
Sensex
Sensex
Support
Support

Nifty
Nifty
Resistance
Resistance

20000
20326
18800
19300
19831
20443
18693
19700
19700
20600
18182
20062
20DSMA
40DEMA
20DSMA
40DEMA
19766
19512
20390
19941
BSE Sensex: 20,223
BSE Sensex: 19013

For Private Circulation only

Eagle Eye

Support
Support

Resistance
Resistance

6128
5700
6100
5616
6051
5514
20DSMA
20DSMA
6010
6096

6187
5847
6230
5993
6250
6078
40DEMA
40DEMA
5921
5958
Nifty: 6,169
Nifty: 5705

May 20, 2013

Home

Smart Charts
Date

Recommendation

20-05-13
16-05-13
15-05-13
15-05-13
9-05-13
22-04-13

Andhra Bank
Jaiprakash Associates
Adani Power
Century Textiles
IFCI
Reliance Industries

Action
Action

Stop Loss/
Reversal
(Intra-day)

Stop Loss/
Reversal
DCL

Buy/Sell
Buy/Sell
Price
Price

Buy
Buy
Buy
Buy
Sell
Buy

88.50
Book profit
Book profit
314.90
30.90
764.00

92.55
76.95
48.60
319.00
30.80
788.80

Closing
Closing Potential
Potential
%%
Price
Price
P/L
P/L
at at
(CMP)
(CMP)
CMP
CMP
92.55
83.00
52.15
326.80
29.75
830.00

0.00%
7.86%
7.30%
2.45%
3.41%
5.22%

Targets

96-100
82-88
52-55
340-370
28-26
835-880

NOTE: Kindly note that all stop losses in Smart Charts Calls are on closing basis unless specified.
TPB: Trailing profit booked

Momentum Calls
For the short term1 to 5 days

Stock
Powergrid
Jindal Steel
United Breweries

Action
Date

Action

20-05-13
20-05-13
17-05-13

Sell
Sell
Buy

Stop loss

Price

115.70
316.00
754.00

114.00
308.80
765.50

Closing
price

P/L at CMP

114.80
307.30
759.20

-0.70%
0.49%
-0.82%

Potential %

Target1

Target2

111.40
300.00
780.00

109.20
292.00
800.00

NOTE: Kindly note that all stop losses in Momentum Calls are on an intra-day basis.
TPB: Trailing profit booked
NOTE : Action taken after market hours will be highlited in blue colour.

For Private Circulation only

Eagle Eye

May 20, 2013

Home

Short specific
Term Trend
Stock
ideas

Jindal Steel

KST (-0.10309)

-5

340

Support: Rs300/290
Resistance: Rs310/316

335

330

325

320

315

310

305

300

295

25

26

29

30

2
May

10

13

14

15

16

17

20

21

22

345
340

Tata Motors

335
330
325
320

Support: Rs292/281

315
310
305

Resistance: Rs308/317

300
295
290
285
280
275
270
265
260
255
250
245
240
235
KST (3.19890)
5
0
-5

17

24

31
7
2013

14

21

28

4
11
February

18

25

4
March

11

18

25

1
April

15

22

29

6
May

13

20

27

3
Jun

13600
13500
13400
13300
13200
13100
13000
12900
12800
12700
12600
12500
12400
12300
12200
12100
12000
11900
11800
11700
11600
11500

Bank Nifty
Support: 12900/12630
Resistance: 13350/13500

11400
11300
11200
11100
11000
10900
10800
10700
10600
10500
KST (4.69779)

-5
4

31
7
2013

14

21

28

4
11
February

18

25

4
March

11

18

For Private Circulation only

25

1
April

15

22

29

6
May

13

20

27

3
Jun

Eagle Eye

May 20, 2013

Home

Day Traders HIT List

For May 21, 2013
Scrip Name
NIFTY Futures

Support Levels
S2
S1
6118.0

6154.0

Close
(Rs)

Resistance Levels
R1
R2

Action

6173.8

6200.0

Go Short Below S1

6240.0

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Bank Nifty Futures 13000.0

13100.0

13159.0

13226.0

13348.0

Go Short Below S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

BHEL

195.0

200.0

201.9

205.0

209.0

Go Short Below S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

DLF

243.6

247.2

248.1

250.0

251.4

Go Short Below S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Hindalco

108.0

109.4

110.0

110.5

111.9

Go Short Below S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

ICICI Bank

1176.0

1204.0

1208.7

1218.0

1234.0

Go Short Below S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Jai Prakash

77.5

79.6

80.2

81.0

81.7

Go Short Below S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

LNT

1580.0

1610.0

1618.6

1628.0

1642.0

Go Short Below S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Reliance Industries

818.0

828.0

830.9

834.0

842.0

Go Short Below S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

SBI

2345.0

2387.0

2413.2

2440.0

2469.0

Go Short Below S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Tata Motors

295.0

300.0

302.4

305.0

307.0

Go Short Below S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Tata Power

92.0

93.3

93.6

94.0

94.8

Go Short Below S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

TISCO

308.0

312.0

315.3

320.0

325.0

Go Long AboveR1 / Go Short Below s1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

TCS

1444.0

1468.0

1477.8

1483.0

1500.0

Go Long AboveR1 / Go Short Below s1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

*Note: Closing price of Nifty futures is last traded price of Nifty futures on NSE
SL=Stoploss

Home
To know more about our products and services click here.
For Private Circulation only
Disclaimer
This document has been prepared by Sharekhan Ltd.(SHAREKHAN) This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or
privileged material and is not for any type of circulation. Any review, retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial
instrument or as an official confirmation of any transaction.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated
companies, their directors and employees (SHAREKHAN and affiliates) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and
affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone
betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent
evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment
discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different
conclusion from the information presented in this report.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or
use would be contrary to law, regulation or which would subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all
jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related
securities. SHAREKHAN may from time to time solicit from, or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates
or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those
of SHAREKHAN.

For Private Circulation only

Eagle Eye

May 20, 2013

Home