(equities)

December 02, 2013 6:00am IST

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Punters Call

Pull of bull
Market on November 29, 2013: Support @ 6108

Nifty daily: 6176

6400
6350

The Nifty closed in the positive today, up 84 points at 6176.

Over the next couple of days it is expected to trend up till
6212. In this period the key support will be at 6108 and
resistance will be at 6212.

6300
6250
6200
6150
6100
6050
6000
5950

From the Nifty stock futures, Bank of India and ColgatePalmolive India are expected to move up going forward.

5900
5850
5800
5750

The Nifty has completed an A-B-C correction and also taken

support at the lower end of the Bollinger Band on the daily
chart. The short-term bias for the Nifty has changed to
positive for a target of 6350 with reversal at 6029. The
medium-term outlook remains positive as the Nifty has
retraced 61.8% of the previous rally from 4770 to 6229.
The Nifty has also been trading above the 20-weekly moving
average (WMA) and the 40-WMA, ie 5896 and 5886
respectively.

5700
5650
KST (-0.01812)
3
2
1
0
-1
-2
21

28

5
November

11

18

25

2
December

16

60 minute
- NSE50 [NIFTY] (6,171.85, 6,180.40, 6,159.40, 6,176.45, +4.50000)
6350

6300

6250

Other technical observations

6200

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

moving average (DMA) and the 40-DMA, ie 6128 and 6069
respectively. The momentum indicator is trading in positive
mode.
On the hourly chart, the Nifty is trading above the 20-hourly
moving average (HMA) and the 40-HMA, ie 6108 and 6108
respectively, which are crucial intra-day levels. The hourly
momentum indicators have turned positive. The market
breadth was positive today with 788 advances and 386
declines on the National Stock Exchange.

6150

6100

6050

6000

5950
KST (1.15233)
1.5
1.0
0.5
0.0
-0.5
-1.0
-1.5
-2.0
30

31

1
3
November

11

12

13

14

18

19

20

21

22

25

26

27

28

29

30

1
Dec

Market Breadth
BSE

NSE

Advances

1463

788

Declines

1026

386

183

55

2,048 cr

10,226 cr

Unchanged
Volume (Rs)

For Private Circulation only

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Looking Trendy
Short Term Trend

Target
Sensex

21330

Nifty

6350

Trend

Reversal




Support / Resistance

Down below 20340

20340 / 21330

Down below 6029

6029 / 6350

Medium Term Trend

Target
Sensex

23000

Nifty

6850

Trend




Up

Reversal

Support / Resistance

Down below 19250

19250 / 23000

Down below 5700

5700 / 6850

Icon guide
Down

Upswing matures

Downswing matures

Trendy Levels for Tomorrow

Sensex
Sensex
Support
Support

Nifty
Nifty
Resistance
Resistance

20626
20935
18800
19300
20461
21065
18693
19700
20348
21318
18182
20062
20DSMA
40DEMA
20DSMA
40DEMA
20637
20447
20390
19941
BSE Sensex: 20,791
BSE Sensex: 19013

For Private Circulation only

Eagle Eye

Support
Support

Resistance
Resistance

6123
5700
6067
5616
6009
5514
20DSMA
20DSMA
6128
6096

6212
5847
6263
5993
6308
6078
40DEMA
40DEMA
6069
5958
Nifty: 6,176
Nifty: 5705

December 02, 2013

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Smart Charts
Date

Recommendation

29-11-13
28-11-13
27-11-13
21-11-13

Jaiprakash Power
Yes Bank
Kotak Mahindra Bank
Tata Power

Action

Buy
Buy
Buy
Sell

Stop Loss/
Reversal
(Intra-day)

Stop Loss/
Reversal
DCL

Buy/Sell
Price

17.10
349.00
729.00
80.60

18.10
364.00
746.55
77.55

Closing
Price
(CMP)
18.55
368.70
756.60
79.50

Potential
P/L at
CMP
2.49%
1.29%
1.35%
-2.51%

Targets

20-22
380-400
775-800
70.5-69

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

Action
Date

Action

Indusind Bank (Fut)

29-11-13

Buy

Jindal Steel (Fut)

28-11-13

Petronet LNG (Fut)

28-11-13

Tata Global (Fut)

Stop loss

Price

Closing
price

P/L at CMP
0.64%

Potential %

Target1

Target2

433.00

441.00

415.00

424.80

427.50

Buy

244.40

253.50

260.25

2.66%

260.00

266.00

Buy

Book profit

128.70

131.75

2.37%

130.50

133.50

27-11-13

Buy

Book profit

147.25

151.70

3.02%

150.50

153.50

HUL (Fut)

27-11-13

Buy

578.00

589.50

599.40

1.68%

604.00

620.00

Karnataka Bank (Fut)

26-11-13

Buy

Book profit

101.00

104.00

2.97%

104.00

107.00

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

December 02, 2013

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Short specific
Term Trend
Stock
ideas
1600

Colgate-Palmolive India

1550

1500

1450

Stop loss: Rs1,245

Target: Rs1,300/1,325

1400

1350

1300

1250

1200

1150
KST (0.30821)
5
0
-5
-10
22

29

5
August

12

19

26

2
10
September

16

23

30
7
October

14

21

28

5
11
November

18

25

2
9
December

270
260

Bank of India

250
240
230

Stop loss: Rs211

220
210
200

Target: Rs229/240

190
180
170
160
150

140

130

120

KST (-0.37463)

2
10
September

16

23

30

14

21

25
20
15
10
5
0
-5
-10
-15
28

5
November

October

11

18

25

2
December

16

Bank Nifty
12000

11500

11000

Support : 11030/10660
Resistance: 11400/11700

10500

10000

9500

9000

8500

8000
KST (0.56499)
10
5
0
-5
29

5
August

12

19

26

2
10
September

16

23

30
7
October

14

For Private Circulation only

21

28

5
November

11

18

25

2
9
December

Eagle Eye

December 02, 2013

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Day Traders Hit List

For December 02, 2013
Scrip Name
NIFTY Futures

Support Levels
S2
S1
6166.0

6206.0

Close
(Rs)

Resistance Levels
R1
R2

Action

6228.0

6243.0

Go Long AboveR1

6303.0

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

Bank Nifty Futures 11160.0

11202.0

11290.0

11330.0

11500.0

Go Long AboveR1

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

BHEL

152.4

154.4

156.1

158.4

161.0

Go Long AboveR1

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

DLF

148.1

150.0

152.2

153.5

155.6

Go Long AboveR1

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

Hindalco

120.5

121.4

122.7

123.2

125.0

Go Long AboveR1

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

ICICI Bank

1052.0

1062.0

1067.9

1073.0

1089.0

Go Long AboveR1

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

Jai Prakash

52.7

53.2

53.8

54.1

57.0

Go Long AboveR1

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

LNT

1005.0

1032.0

1043.4

1048.0

1080.0

Go Long AboveR1

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

Reliance Industries

836.0

846.0

853.1

857.0

872.0

Go Long AboveR1

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

SBI

1787.0

1810.0

1821.5

1830.0

1870.0

Go Long AboveR1.

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

Tata Motors

385.0

395.1

398.6

401.5

405.0

Go Long AboveR1

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

Tata Power

78.4

79.2

79.5

80.1

82.4

Go Long AboveR1

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

TISCO

395.0

398.9

400.9

405.0

417.0

Go Long AboveR1

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

TCS

1970.0

1983.0

2004.6

2015.0

2044.0

Go Long AboveR1

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

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

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Eagle Eye

December 02, 2013

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