DAILY TRADING HIGHLIGHTS & OUTLOOK

28 Sept, 11

S&P CNX NIFTY

OPEN HIGH 4905.15 4982.95

LOW CLOSE Change(pts) Change (%) Advanc/Decline Total Turnover (` in cr.)

4905.15 4971.25 135.85 2.81 2:1 176312

MARKET OUTLOOK The nifty opened the session on a positive note on back of strong global cues. The index maintained its strength throughout the day and registered an intraday high of 4982. The Nifty finally closed at 4971, a total gain of 135 (2.8 %) points. The index continued its strong rebound that was witnessed during the latter part of the yesterdays sessions. The nifty now needs to sustain above 4969 (Short Term Moving average), which would give some strength and a possible test of levels of 5025 or even 5070 (negative gap resistance). On the downside the index has supports at the levels of 4930 / 4900 / 4870 / 4835.

Key Levels & Averages

INDEX NIFTY BANK NIFTY Close Support-1 Support-2 Resistance-1 Resistance-2 8 DMA 34 DMA 200 DMA

4971 9619

4930 9530

4900 9440

5025 9760

5070 9850

4969 9572

5067 9794

5509 10794

DAILY TRADING HIGHLIGHTS & OUTLOOK

28 Sept, 11

TRADING RECOMMENDATIONS

Wipro CMP` 348.20 Technical Outlook & Trading Strategy:The share price of Wipro has registered a break-out above its cluster of moving averages. The momentum indicators remain in the rising trajectory and indicate strength in the current up-move. We expect the stock price to test levels of ` 362/ ` 374 shortly. We recommend a buy at current level and again on pullback to the levels of ` 341-` 344 with a stop loss placed below the level of ` 334.80.

TTK Prestige CMP` 2624.65 Technical Outlook & Trading Strategy:The share price of TTK Prestige has found good support at the rising trend line support placed at ` 2560. The stock has taken support on couple of occasions in the past & has been moved decisively on upside, which is bullish sign. Hence we expect the bounce back to continue to following levels: ` 2745/ `2830. We recommend buy at current level and again on pullback to the levels of `2600- ` 2590 with a stoploss placed below the ` 2544.40 levels.

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