(equities)

Visit us at www.sharekhan.com April 01, 2011 6:00am IST

Punter’s Call

61.8% achieved

Nifty Chart: 5,834

Markets on March 31, 2011: Resistance @ 5900
KST (4.71223)
5

The market opened on a positive note and was trading 0

higher in the first half of the day. But in the second half -5

6400

the Nifty crashed and entered the negative zone before it 100.0% 6350
6300
6250
6200

could bounce again to close in the positive. The Nifty has 6150
6100
6050
6000

crossed and closed above the 200 day moving average 61.8%
5950
5900
5850
5800

(DMA) ie 5698, which is a bullish sign for the market in 50.0%

38.2%
5750
5700
5650
5600

the medium term. On the daily chart the Nifty has crucial 23.6%
5550
5500
5450
5400

support around the 5529-5560 range. On the weekly chart 5350

5300
5250

the Nifty has retraced the 61.8% level ie 5900 of the fall 0.0% 5200
5150
5100

from 6338 to 5177. So, in the short term we are expecting MACD (62.5441) 150
100
50

Nifty to correct till 5600 with reversal packed at 5900 before 0

-50
-100

it can again start moving upwards. The daily momentum 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 31 7 14 21 28 7 14 21 28 4 11

-150

July August September October November December 2011 February March April

indicator has given a positive crossover and is trading

around the zero line. On the daily chart, the Nifty is trading
above its 20 DMA and 40 DMA ie 5539 and 5559 respectively, 60 minute chart
which are its crucial levels in the short term. KST (0.92344)
2.0
1.5
1.0
0.5

On the hourly chart, the Nifty is trading above its 20 0.0

-0.5
-1.0

hour moving average (HMA) and 40 HMA ie 5796 and -1.5

5900

5728 respectively, which are its crucial levels in the 5850

5800

immediate run. The hourly momentum indicators have 5750

5700

given a negative crossover and are trading above the 5650

zero line. The market breadth was negative with 697 5600

5550

advances to 746 declines on the NSE. 5500

5450

5400

The Nifty and the Sensex ended in the positive with gains 5350

of 46 points and 155 points respectively in today’s MACD (48.2568) 60

50
40

trading. Of the 30 stocks of the Sensex, Reliance 30

20
10
0

Infrastructure (up 3.16%) and Hero Honda (up 3.03%) were -10
-20
-30
9 10 11 14 15 16 17 18 21 22 23 24 25 28 29 30 31 1 2
among the highest gainers while State Bank of India April

(down 3.41%) and Reliance Communications (down 2.00%) Market Breadth

were among the highest losers.
BSE NSE
Advances 1,444 697
Declines 1,412 746
Unchanged 95 53
Volume (Rs) 3,202cr 19,300cr

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 Short Term Trend

Target Trend Reversal Support / Resistance


Sensex 18700 Up above 19700 18700 / 19700

Nifty 5600 Up above 5900 5600 / 5900

Medium Term Trend

Medium

Target Trend Reversal Support / Resistance

Sensex 20340  Down below 18456 18456 / 20340

Nifty 6090  Down below 5539 5539 / 6090

Icon guide

 Up Down Downswing matures Upswing matures

Trendy Levels
Levels

Sensex
Sensex Nifty
Nifty
Support
Support Resistance
Resistance Support
Support Resistance
Resistance
18800
19265 19300
19572 5700
5775 5847
5867
19182
18693 19679
19700 5750
5616 5899
5993
19082
18182 19816
20062 5720
5514 5940
6078
20DSMA 40DEMA 20DSMA 40DEMA
20DSMA 40DEMA 20DSMA 40DEMA
18456 18539 5539 5559
20390 19941 6096 5958
BSE Sensex: 19,462 Nifty: 5,834
BSE Sensex: 19013 Nifty: 5705

For Private Circulation only Eagle Eye 2 April 01, 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
25-03-11 HDIL Buy - Book Profits 165.1 172.3 4.4% 175-185
24-03-11 Raj Oil Buy - 29.9 32.8 31.3 -4.6% 36-40
11-03-11 Canara Bank Sell - 636.0 605.8 626.1 -3.2% 574-550

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
Adani Enterprises Buy 30-03-11 Book Profit 622.5 638.5 2.6% 635.3 641.5
IDFC Sell 29-03-11 Book Profit 159.0 155.9 2.0% 155.0 151.0
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 April 01, 2011 Home
 Day Trader’s HIT List
For April 01, 2011
Scrip Name Support Levels Close Resistance Levels Action
S2 S1 (Rs) R1 R2
NIFTY Futures 5760.0 5820.0 5869.0 5900.0 5950.0 Go Short Below S1
......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Bank Nifty Futures 11450.0 11600.0 11770.0 11978.0 12240.0 Go Short Below S1
......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

LIC Housing 212.0 218.0 225.0 229.0 234.0 Go Short Below S1

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

SBI 2790.0 2840.0 2768.0 2905.0 2945.0 Go Short Below S1

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

Reliance Industries 1021.0 1034.0 1048.0 1064.0 1077.0 Go Short Below S1

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

ICICI Bank 1080.0 1094.0 1112.8 1130.0 1145.0 Go Short Below S1

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

TISCO 605.0 614.0 620.5 628.0 635.0 Go Short Below S1

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

LNT 1590.0 1620.0 1653.0 1685.0 1724.0 Go Short Below S1

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

Bharti Tele 344.0 349.0 357.0 365.0 372.0 Go Short Below S1

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

Tata Motors 1190.0 1220.0 1247.0 1266.0 1290.0 Go Short Below S1

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

IDFC 147.0 151.0 155.0 159.0 163.0 Go Short Below S1

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

JSW Steel 884.0 901.0 916.0 928.0 950.0 Go Short Below S1

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

TCS 1140.0 1160.0 1182.0 1200.0 1224.0 Go Short Below S1

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

Sesa Goa 279.0 284.0 290.4 294.0 298.0 Go Short Below S1

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

Aban Offshore 595.0 604.0 616.0 630.0 643.0 Go Short Below S1

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

Hindalco 197.0 202.0 208.7 211.0 217.0 Go Short Below S1

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

Infosys 3130.0 3175.0 3236.0 3275.0 3320.0 Go Short Below S1

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

Jaiprakash 88.0 90.3 92.5 93.7 96.0 Go Short Below S1

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

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

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