DAILY TECHNICAL

NIFTY OUTLOOK

01 January 2013

5905

Nifty opened the week on a flat note as the index remained restricted with a 20 point
range throughout the day. At the end the index close marginally above the 5900
mark at 5905 with 3 points loss
On the daily chart Nifty has formed a DOJI candlestick pattern indicating
indecisiveness amongst the participants. The index continues to remain restricted
within the 90 points range of 5930-5840 level. In order to gain strength the index
will have to break above the crucial level of 5930. If the index goes above 5930 level
then it is likely to move towards next resistance of 5970-6000 in the near term.
However if the index breaks below 5840 level then it would drift downwards
towards 5770-5750 in the near term. On the weekly chart Nifty continues to trade
SENSEX
above the upward sloping Trendline since the past few weeks
indicating that the bias
continues to remain positive. The Short term and long term trend is still bullish and
short term traders are advised to buy on declines.
The daily strength indicator RSI is trading above the 50 mark but below the reference
line indicating marginal negative bias. The daily momentum Oscillator -Stochastic is
in the positive indicating that Nifty might continue its bullish bias in the near term.
The trend deciding level for the day is 5905, If NIFTY trades above this level then we
may witness a further rally up to 5920-5940-5970 levels. However, if NIFTY trades
below 5905 levels then we may see some profit booking initiating in the market,
which may correct up to 5880-5850-5820 levels.
Stocks to focus for intraday Long: Apollo Tyre, Sun Tv, IBREALEST, SBI, PNB, DLF,
HDIL, BOB, REC
Stocks to focus for intraday Short: LT, Havells, Fortis, Maruti, KTK Bk, JSW Steel,
Bajaj Auto.

Statistic:

NIFTY KEY STATS

NIFTY TREND
13EMA
55EMA
200EMA

BULLISH

5882
5758
5484

- Clear uptrend seen.

MODERATELY BULLISH

- Some Strenth seen.

NEUTRAL

- No Clear trend Seen.

BEARISH

- Clear Downtrend seen.

MODERATELY BEARISH

- Some Weakness seen.

CRUCIAL LEVELS - NIFTY 50

Name
ACC
AMBUJACEM
ASIANPAINT
AXISBANK
BAJAJ-AUTO
BANKBARODA
BHARTIARTL
BHEL
BPCL
CAIRN
CIPLA
COALINDIA
DLF
DRREDDY
GAIL
GRASIM
HCLTECH
HDFC
HDFCBANK
HEROMOTOCO
HINDALCO
HINDUNILVR
ICICIBANK
IDFC
INFY
ITC
JINDALSTEL
JPASSOCIAT
KOTAKBANK
LT
LUPIN Statistic:
M&M
MARUTI
NTPC
ONGC
PNB
POWERGRID
RANBAXY
RELIANCE
RELINFRA
SBIN
SESAGOA
SIEMENS
SUNPHARMA
TATAMOTORS
TATAPOWER
TATASTEEL
TCS
ULTRACEMCO
WIPRO

Last Rate
1,432.20
200.90
4,432.55
1,356.55
2,131.15
866.45
317.10
228.25
356.35
319.10
414.25
354.80
230.60
1,829.75
356.75
3,169.50
618.70
828.85
678.60
1,900.60
130.50
524.85
1,138.25
171.30
2,318.70
286.80
447.85
96.90
650.05
1,607.15
613.85
931.65
1,490.05
156.45
268.00
871.30
114.75
503.00
839.55
520.55
2,385.50
195.45
667.75
736.25
312.65
110.35
428.50
1,255.85
1,986.30
394.50

Resistance 2
1,454.73
204.37
4,502.85
1,376.35
2,163.08
883.85
323.13
231.38
362.45
322.30
421.35
357.60
236.60
1,841.65
363.05
3,195.50
634.10
837.75
683.53
1,923.73
133.63
530.78
1,148.48
174.43
2,335.90
290.87
458.02
98.23
657.08
1,632.55
620.62
940.35
1,524.18
157.82
270.67
894.90
115.98
508.93
855.05
526.55
2,411.67
198.52
675.05
744.68
316.28
111.98
433.80
1,271.42
2,028.53
401.10

Resistance1
1,443.47
202.63
4,467.70
1,366.45
2,147.12
875.15
320.12
229.82
359.40
320.70
417.80
356.20
233.60
1,835.70
359.90
3,182.50
626.40
833.30
681.07
1,912.17
132.07
527.82
1,143.37
172.87
2,327.30
288.83
452.93
97.57
653.57
1,619.85
617.23
936.00
1,507.12
157.13
269.33
883.10
115.37
505.97
847.30
523.55
2,398.58
196.98
671.40
740.47
314.47
111.17
431.15
1,263.63
2,007.42
397.80

Pivot
1,425.73
201.57
4,424.75
1,359.60
2,135.83
866.80
317.88
228.03
354.25
319.10
415.55
354.10
229.30
1,825.85
355.20
3,161.40
621.20
830.15
677.53
1,902.73
130.33
523.93
1,138.78
171.78
2,315.50
287.42
449.32
97.03
650.03
1,611.00
614.62
930.00
1,496.93
156.57
267.57
863.60
114.38
503.03
842.05
520.90
2,383.62
195.57
668.85
736.78
311.98
109.88
429.10
1,257.82
1,978.88
395.20

Support 1
1,414.47
199.83
4,389.60
1,349.70
2,119.87
858.10
314.87
226.47
351.20
317.50
412.00
352.70
226.30
1,819.90
352.05
3,148.40
613.50
825.70
675.07
1,891.17
128.77
520.97
1,133.67
170.22
2,306.90
285.38
444.23
96.37
646.52
1,598.30
611.23
925.65
1,479.87
155.88
266.23
851.80
113.77
500.07
834.30
517.90
2,370.53
194.03
665.20
732.57
310.17
109.07
426.45
1,250.03
1,957.77
391.90

Support 2
1,396.73
198.77
4,346.65
1,342.85
2,108.58
849.75
312.63
224.68
346.05
315.90
409.75
350.60
222.00
1,810.05
347.35
3,127.30
608.30
822.55
671.53
1,881.73
127.03
517.08
1,129.08
169.13
2,295.10
283.97
440.62
95.83
642.98
1,589.45
608.62
919.65
1,469.68
155.32
264.47
832.30
112.78
497.13
829.05
515.25
2,355.57
192.62
662.65
728.88
307.68
107.78
424.40
1,244.22
1,929.23
389.30

High
1,437.00
203.30
4,459.90
1,369.50
2,151.80
875.50
320.90
229.60
357.30
320.70
419.10
355.50
232.30
1,831.80
358.35
3,174.40
628.90
834.60
680.00
1,914.30
131.90
526.90
1,143.90
173.35
2,324.10
289.45
454.40
97.70
653.55
1,623.70
618.00
934.35
1,514.00
157.25
268.90
875.40
115.00
506.00
849.80
523.90
2,396.70
197.10
672.50
741.00
313.80
110.70
431.75
1,265.60
2,000.00
398.50

Low
1,408.00
200.50
4,381.80
1,352.75
2,124.55
858.45
315.65
226.25
349.10
317.50
413.30
352.00
225.00
1,816.00
350.50
3,140.30
616.00
827.00
674.00
1,893.30
128.60
520.05
1,134.20
170.70
2,303.70
286.00
445.70
96.50
646.50
1,602.15
612.00
924.00
1,486.75
156.00
265.80
844.10
113.40
500.10
836.80
518.25
2,368.65
194.15
666.30
733.10
309.50
108.60
427.05
1,252.00
1,950.35
392.60

CALL TRACKER
Issue Date

Call Type

Reco Price

Stop Loss

Target 1

LTP (Close Rate)

Diff %

Status

Remarks

17-12-2012

Buy / Sell
Buy

DLF

Stock

Intraday

218.50

216.50

222.00

217.00

(0.69)

Closed

Closed @ 217

17-12-2012

Buy

LICHSGFIN

Intraday

279.00

276.00

285.00

283.00

1.43

Closed

Book profit

17-12-2012

Buy

Ashok Ley

Intraday

27.70

27.00

29.00

27.75

0.18

Closed

Closed @ 27.75

17-12-2012

Buy

Zee

Intraday

208.00

206.00

212.00

208.15

0.07

Closed

Closed @ 208.15

17-12-2012

Buy

Rpower

Positional

100.50

98.00

108.00

98.00

(2.49)

Closed

Stop Loss Trigg

18-12-2012

Buy

Zee

Intraday

211.00

208.00

217.00

217.00

2.84

Closed

Book profit

18-12-2012

Buy

DLF

Intraday

219.00

217.00

223.00

222.80

1.74

Closed

Book profit

18-12-2012

Buy

Punj Lloyd

Positional

58.35

56.50

64.00

56.50

(3.17)

Closed

Stop Loss Trigg

18-12-2012

Buy

Bank India

Intraday

319.40

316.50

326.00

322.00

0.81

Closed

Book profit

18-12-2012

Buy

Reliance

Intraday

832.00

825.00

845.00

831.10

(0.11)

Closed

Closed @ 831.1

18-12-2012

Buy

Dish Tv

Intraday

80.45

79.60

83.00

79.60

(1.06)

Closed

Stop Loss Trigg

19-12-2012

Buy

Can Bk

Intraday

477.00

472.00

487.00

472.00

(1.05)

Closed

Stop Loss Trigg

19-12-2012

Buy

CESC

Positional

308.00

298.00

330.00

305.00

(0.97)

Closed

Closed @ 305

19-12-2012

Buy

Dish Tv

Positional

79.50

77.00

84.50

78.00

(1.89)

Closed

Closed @ 78

19-12-2012

Buy

LICHSGFIN

Positional

285.15

280.00

300.00

280.00

(1.81)

Closed

Stop Loss Trigg

19-12-2012

Buy

Hind zinc

Intraday

141.00

139.00

145.00

139.00

(1.42)

Closed

Stop Loss Trigg

19-12-2012

Buy

Nifty

BTST

5,935.00

5,920.00

5,965.00

5,920.00

(0.25)

Closed

Stop Loss Trigg

19-12-2012

Buy

INFY

Positional

2,280.00

2,255.00

2,335.00

2,290.00

0.44

Open

Technical Call

20-12-2012

Buy

Hindalco

Intraday

130.00

128.00

134.00

133.60

2.77

Closed

Book profit

20-12-2012

Buy

SBI

Intraday

2,372.00

2,352.00

2,402.00

2,393.00

0.89

Closed

Book profit

20-12-2012

Buy

BHEL

Positional

230.50

226.00

241.00

232.00

0.65

Open

Technical Call

21-12-2012

Sell

M &M

Intraday

947.00

955.00

930.00

939.00

0.84

Closed

Book profit

21-12-2012

Buy

Havells

Intraday

627.00

622.00

637.00

637.00

1.59

Closed

Book profit

21-12-2012

Buy

DLF

Intraday

227.50

224.75

234.00

224.75

(1.21)

Closed

Stop Loss Trigg

21-12-2012

Buy

Bhusan Steel

Positional

453.00

448.00

467.00

455.00

0.44

Open

Technical Call

21-12-2012

Buy

Rel Capital

Intraday

474.50

469.50

484.00

470.50

(0.84)

Closed

Closed @ 470.5

21-12-2012

Sell

Bajaj Auto

Intraday

2,095.00

2,115.00

2,055.00

2,085.00

0.48

Closed

Book profit

21-12-2012

Buy

Nifty

Intraday

5,872.50

5,855.00

5,895.00

5,873.00

0.01

Closed

Closed @ 5873

Statistic:

CALL TRACKER & STRIKE RATE FOR THE WEEK ENDED 21 December 2012
Category

Month

Status

Diff %

Strike Rate

No. of Calls

Technical

Dec-12

Closed

(3.29)

55%

25

Open

1.53

71%

(1.76)

57%

28

Technical Total

MONTHLY CALL TRACKER & STRIKE RATE

Category

Month

Status

Aggreegate Returns %

Strike Rate

No. of Calls

Technical

Jul-11

Closed

39.9

50%

174

Aug-11

Closed

88.1

49%

258

Sep-11

Closed

81.2

49%

231

Oct-11

Closed

62.2

49%

130

Nov-11

Closed

77.4

50%

152

Dec-11

Closed

45.2

50%

107

Jan-12

Closed

157.6

60%

147

Feb-12

Closed

107.4

53%

132

Mar-12

Closed

86.2

49%

162

Apr-12

Closed

78.8

51%

109

May-12

Closed

87.9

50%

159

Jun-12

Closed

108.9

53%

131

Jul-12

Closed

46.7

51%

108

Aug-12

Closed

47.2

51%

129

Sep-12

Closed

122.3

56%

126

Oct-12

Closed

36.7

48%

139

Nov-12

Closed

154.4

60%

139

Dec-12

Closed

(2.5)

46%

62

Open

7.3

1433.0

2599

Statistic:

Technical Total

Ms. Vaishnavi Jagtap

vaishnavi.jagtap@axissales.in

Analyst - Technical

022-6680 3707

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