(equities)

Visit us at www.sharekhan.com January 17, 2011 6:00am IST

Punter’s Call

Cracks all over

Nifty chart: 5,654

Markets on January 14, 2011: Resistance @ 5833
- NSE50 [NIFTY] (5,752.10, 5,833.65, 5,639.65, 5,645.50, -111.100) 6450
6400
6350
6300
6250

The Nifty opened on a flat note and then traded with a 6200
6150
6100
6050

positive bias in the first half of the day. However it then 6000
5950
5900

started slipping down forming lower tops and lower

5850
5800
5750
5700

bottoms, breaking the previous swing low of 5690. The 5650

5600
5550

Nifty has slipped below its previous swing low of 5690

5500
5450
5400
5350

which was a crucial support and is now starting a new 5300

5250
5200

wave on the down side. On the weekly chart the Nifty 5150
5100
5050

closed in the negative confirming a trend reversal in the 5000

4950
4900

medium term. Hence, 5600 remains a crucial support and KST (-3.99925)
6
5
4
3

the resistance on the upside is at 5860. On the daily 2

1
0
-1

chart, the Nifty is trading below its 20DMA and 40DMA ie

-2
-3
-4

14 21 28 5 12 19 26 2 9 16 23 30 6 13 20 27 4 11 18 25 1 8 15 22 29 6 13 20 27 3 10 17 24 3

5966 and 5948 respectively, which are crucial resistance July August September October November December 2011

levels in the short term. The momentum indicator (KST)

has given a negative crossover and is trading above the 60 minute chart
zero line. - NSE50 [NIFTY] (5,711.65, 5,720.75, 5,639.65, 5,645.50, -64.3999) 6400

6350

6300

On the hourly chart, the Nifty is trading below its 20HMA 6250

6200

and 40HMA ie 5767 and 5817 respectively, which are its 6150

6100

crucial levels going forward. The hourly KST has given a 6050

negative crossover and is trading around the zero line.

6000

5950

The market breadth was negative with 344 advances to 5900

5850

1093 declines on NSE. 5800

5750

5700

The Nifty ended today’s session in the negative with a 5650

loss of 97 points while the Sensex corrected down by 322

5600

KST (-1.17108)
2.0
1.5

points. Of the 30 stocks of the Sensex, Tata Power (up 1.0

0.5
0.0
-0.5

2.11%) and Wipro (up 1.66%) were among the highest

-1.0
-1.5
-2.0
-2.5
-3.0

gainers while Tata Motors (down 4.49%) and Sterlite vember

8 15 22 29
December
6 13 20 27 3
2011
10 1

Industries (down 4.46%) were among the highest losers.

Market Breadth
BSE NSE
Advances 879 348
Declines 1,956 1,095
Unchanged 151 29
Volume (Rs) 3,135cr 12,724cr

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 Short Term Trend

Target Trend Reversal Support / Resistance

Sensex 18600
u Up above 19447 18600 / 19447

Nifty 5600
u Up above 5833 5600 / 5833

Medium Term Trend

Medium

Target Trend Reversal Support / Resistance

Sensex 18600
u Up above 19525 18600 / 19525
u
Nifty 5600 Up above 5860 5600 / 5860

Icon guide
u
u Up Down Downswing matures Upswing matures

Trendy Levels
Levels

Sensex
Sensex Nifty
Nifty
Support
Support Resistance
Resistance Support
Support Resistance
Resistance
18800
18740 19300
18983 5700
5615 5847
5688
18653
18693 19105
19700 5589
5616 5724
5993
18546
18182 19274
20062 5557
5514 5775
6078
20DSMA 40DEMA 20DSMA 40DEMA
20DSMA 40DEMA 20DSMA 40DEMA
19922 19834 5966 5948
20390 19941 6096 5958
BSE Sensex: 18,860 Nifty: 5,654
BSE Sensex: 19013 Nifty: 5705

CTFT Calls
Carry today for tomorrow
Carry
Stocktoday for tomorrow Action Stop loss Price Closing price Target
MNM Sell 749.0 739.0 740.9 729/719

For Private Circulation only Eagle Eye 2 January 17, 2011 Home
 Smart Charts

Date Recommendation Action Stop Loss/ Stop Loss/ Buy/Sell Closing Potential % Targets
Reversal Reversal Price Price P/L at
(Intra-day) DCL (CMP) CMP
14-01-11 GAIL Sell - 516.0 490.0 486.9 0.6% 450-410
14-01-11 Hindalco Industries Sell - 242.0 230.0 229.3 0.3% 210-190
14-01-11 Union Bank Sell - 334.0 316.0 312.0 1.3% 290-270
14-01-11 Reliance Industries Sell - 1,046.0 1,004.0 1,001.1 0.3% 950-900
14-01-11 India Infoline Sell - 81.5 78.4 79.0 -0.8% 74-70
14-01-11 Mundra Port Sell - 148.0 140.0 139.2 0.6% 124-120
13-01-11 DLF Buy - 252.0 267.0 259.0 -3.0% 282-295
13-01-11 MNM Sell - 766.0 737.0 740.7 -0.5% 700-660
12-01-11 Sesa Goa Buy - 324.9 342.3 326.5 -4.6% 359-375
11-01-11 Vijaya Bank Sell - 97.0 90.5 91.3 -0.9% 83-75
11-01-11 TCS Sell - 1,151.0 1,099.0 1,118.7 -1.8% 1030-950
10-01-11 SAIL Sell - Book Profits 175.6 163.5 7.4% 165-157
10-01-11 Bank of India Sell - 462.0 440.0 417.5 5.4% 415-385
07-01-11 Axis Bank Sell - 1,248.0 1,277.5 1,201.5 6.3% 1210-1140
07-01-11 Maruti Suzuki Sell - 1,337.0 1,342.0 1,275.3 5.2% 1270-1235

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 term—1 to 5 days

Stock Action Action Stop loss Price Closing Potential % Target1 Target2
Date price P/L at CMP
India Infoline Sell 14-01-11 80.2 78.6 79.0 -0.5% 77.0 75.5
Reliance Infra Sell 14-01-11 820.0 802.7 798.2 0.6% 783.0 770.0
BOB Sell 14-01-11 841.7 833.5 826.1 0.9% 816.5 808.5
Sterlite Industries Sell 14-01-11 183.6 180.0 176.3 2.1% 176.5 172.0
Axis Bank Sell 14-01-11 Book Profit 1,221.0 1,196.0 2.1% 1,190.0 1,170.0
Cairn India Sell 14-01-11 344.6 337.7 335.6 0.6% 330.0 322.0
Yes Bank Sell 14-01-11 267.1 262.9 260.4 1.0% 256.0 251.0
SBI Sell 14-01-11 2,566.0 2,531.0 2,502.2 1.2% 2,285.0 2,240.0
BHEL Sell 14-01-11 2,258.0 2,214.0 2,195.2 0.9% 2,154.0 2,100.0
HDFC Sell 14-01-11 Book Profit 655.0 636.5 2.9% 641.9 635.5
Powergrid Buy 14-01-11 Book Profit 97.0 99.0 2.1% 99.0 101.0
IFCI Buy 14-01-11 Stopped Out 59.0 57.9 -1.9% 60.2 61.4
BHEL Sell 14-01-11 Exit 2,202.0 2,224.0 -1.0% 2,157.0 2,135.0
Hindalco Sell 13-01-11 Book Profit 235.0 231.1 1.7% 230.0 225.0
ACC Buy 12-01-11 TPB 1,019.9 1,020.0 0.0% 1,043.0 1,063.0
NOTE: Kindly note that all stop losses in Momentum Calls are on an intra-day basis.
TPB: Trailing profit bookeds
NOTE : Action taken after market hours will be highlited in blue colour.

For Private Circulation only Eagle Eye 3 January 17, 2011 Home
Day Trader’s HIT List
For January 17, 2011
Scrip Name Support Levels Close Resistance Levels Action
S2 S1 (Rs) R1 R2
NIFTY Futures 5580.0 5613.0 5645.0 5810.0 5867.0 Go Short Below S1
......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Bank Nifty Futures 10000.0 10300.0 10461.0 10669.0 10950.0 Go Short Below S1
......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Shree Renuka Sugars 85.4 86.6 87.8 89.4 91.4 Go Short Below S1
......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

SBI 2440.0 2460.0 2502.2 2530.0 2580.0 Go Short Below S1

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

Reliance Industries 970.0 990.0 1001.0 1015.0 1026.0 Go Short Below S1

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

ICICI Bank 970.0 1003.0 1010.5 1028.0 1043.0 Go Short Below S1

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

TISCO 595.0 608.0 621.7 634.0 646.0 Go Short Below S1

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

LNT 1646.0 1683.0 1709.4 1724.0 1747.0 Go Short Below S1

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

Bharti Tele 330.0 335.0 341.0 346.0 351.0 Go Short Below S1

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

Tata Motors 1140.0 1160.0 1178.6 1190.0 1208.0 Go Short Below S1

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

BHEL 1930.0 1960.0 2200.0 2220.0 2247.0 Go Short Below S1

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

Chambal Ferti. 73.0 74.0 75.0 76.4 78.0 Go Short Below S1

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

TCS 1080.0 1100.0 1118.7 1130.0 1155.0 Go Short Below S1

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

DLF 248.0 254.0 259.0 263.0 266.0 Go Short Below S1

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

Orchid 260.0 275.0 284.0 292.0 300.0 Go Short Below S1

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

Hindalco 218.0 222.0 228.0 232.0 237.0 Go Short Below S1

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

Infosys 3100.0 3165.0 3202.0 3245.0 3300.0 Go Short Below S1

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

Jaiprakash 88.0 92.0 93.7 95.0 97.0 Go Short Below S1

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

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

For Private Circulation only Eagle Eye 4 January 17, 2011 Home
 Smart Charts

KST (-1.63929) 4
3
2
GAIL–Sell
1
0

CMP: Rs490
-1
-2
-3
-4

540

530 Sell GAIL at the current market price of Rs490 with the stoploss
of Rs516 for the targets of Rs450 and Rs410. The stock has
520
510

500

490

480
broken a trend line on the downside.
470

460

450

440

430

420

410

MACD (1.40835)

-5

19 26 2 9 16 23 30 6 13 20 27 4 11 18 25 1 8 15 22 29 6 13 20 27 3 10 17 24 3
August September October November December 2011

KST (-0.77285)

5
Hindalco Industries–Sell
0

-5 CMP: Rs230
Sell Hindalco Industries at the current market price of Rs230
255

250

245

240

235
with the stoploss of Rs242 for the targets of Rs210 and Rs190.
230

225
The stock has broken a trend line down side.
220

215

210

205

200

195

190
MACD (3.08496)

25 1 8 15 22 29 6 13 20 27 3 10 17 24 3
November December 2011

KST (-1.69039) 10

5
Union Bank of India–Sell
0

-5

UNION BANK (330.000, 334.350, 320.700, 322.050, -10.0500)

-10
CMP: Rs316
440

100.0% 430
420
410 Sell Union Bank of India at the current market price of Rs316
400

61.8%
390
380
with the stoploss of Rs334 for the targets of Rs290 and Rs270.
The stock seems to have completed its right shoulder retrac-
370
50.0%
360

350

ing more than 38.2% of its previous fall. The momentum indi-
38.2%
340

23.6% 330

320

310
cators are in sell mode which will add further weakness in the
0.0% 300

290
stock.
280

270

260

250

240

230

ctober November December 2010 February March April May June July August September October November December 2011 Febru

For Private Circulation only Eagle Eye 5 January 17, 2011 Home
 Smart Charts

KST (-2.84941) 5
Reliance Industries–Sell
0

-5 CMP: Rs1,004
Sell Reliance Industries at the current market price of Rs1,004
1130
1120
1110

with the stoploss of Rs1,046 for the targets of Rs950 and

1100
1090
1080

Rs900. The stock has broken a trend line down side.

1070
1060
1050
1040
1030
1020
1010
1000
990
980
970
960
950

MACD (-2.37824) 20
15
10
5
0
-5
-10
-15
-20
4 11 18 25 1 8 15 22 29 6 13 20 27 3 10 17 24 3
October November December 2011

INDIA INFOLINE (80.8000, 81.2500, 78.0000, 78.1000, -2.30000), Parabolic SAR (86.0099) 145

140
India Infoline–Sell
135

130

125
CMP: Rs78.4
120

115 Sell India Infoline at the current market price of Rs78.4 with
110

105
the stoploss of Rs81.5 for the targets of Rs74 and Rs70. The
100 stock has completed the retest of the triangle and is now look-
95
ing weak again for the target below its previous swing low of
90

85
72.55.
80

75

70

65

2 9 16 23 30 6 13 20 27 4 11 18 25 1 8 15 22 29 6 13 20 27 3 10 17 24 31 7
August September October November December 2011 February

KST (-3.23386)
10 Mundra Port–Sell
5

CMP: Rs140
0

-5

MUNDRAPORT & SEZ(140.500, 143.650, 140.000, 141.100, +0.90001) 195

100.0%
190
185 Sell Mundra Port at the current market price of Rs140 with the
180
175
170 stoploss of Rs148 for the targets of Rs128 and Rs120. The
61.8% 165
50.0%

38.2%
160
155
stock has completed its right shoulder retracing 50% of its
previous fall. The momentum indicators are in sell mode too
150
23.6% 145

140

0.0%
135

130
which indicates further weakness going ahead.
125

120

115

110

105

100

95

90

mber October November December 2010 February March April May June July August September October November December 2011 Febru

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