Money Trend

S&P CNX Nifty

Daily Chart

25 February 2013

hR
Synopsis

CMP 5852

NIFTY traded mixed holding above the support zone of

5840/5820 and settled with marginal losses in Fridays session.

Overall momentum in the daily RSI (14) and MACD (12/26/9)

is weak indicating further dips towards 5750/5700 levels going forward.

However based on last few sessions price structure and

intraday oscillators, a minor recovery towards 5920 and even higher seems possible before witnessing such dips.

Only a decisive breach below the said support zone would

continue to keep the sentiment weak towards 5700 negating the recovery possibility.

Close
5852

R1
5883

R2
5920

R3
5970

S1
5820

S2
5800

S3
5750

Momentum
14 Days RSI MACD 12, 26, 9 Stochastic (5,3,3) 36 -26 29 21 EMA 55 EMA

Moving Average
5934 5915 5641

Outlook and Strategy

Support is seen near 5840/5820. As long as the support holds a shortterm recovery towards 5920 and even higher seems possible, however if the support is breached decisively then weakness could extend towards 5700 in the coming days.

200 EMA

Bank Nifty Futures

Daily Chart
H S S
13000 12500

CMP 12106
Synopsis
Another Bearish Belt hold pattern formed last week as the
index gave a breakdown from Bearish Head and Shoulder pattern indicates that the index has hit major resistance in the short term.

23.6% 38.2% 50.0% 61.8%

12000 11500 11000 10500 10000 9500 9000

100

Measuring implications of the pattern indicate further

weakness towards 11600-11500 in the coming weeks.

Daily momentum has given a sell crossover after failing to

breach past the upper end of bearish zone at 65. With Daily and weekly momentum now converging, the index is likely to witness sharp fall.

Any up move is likely to find resistance at 12150-12250 zone

and should be utilised for creating fresh short positions.

50

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2013

Feb

Mar

Close
12106

R1
12180

R2
12350

R3
12300

S1
12000

S2
11900

S3
11800

Momentum
14 Days RSI MACD 12, 26, 9 Stochastic (5,3,3)
Ach

Moving Average
34 (98) 16 21 EMA 55 EMA 200 EMA 12421 12382 11491

Outlook and Strategy

Sell Bank Nifty at Cmp 12106 and on rallies to 12200 for a Target of 11800/11600 with stop placed above 12350.

Aditya Birla Money Limited

2nd Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400

Page No: 1

Money Trend
PIVOTPOINTSCashlevels
Scrip Name NIFTY BANKNIFTY CNXIT ABAN ABB ABGSHIP ABIRLANUVO ACC ADANIENT ADANIPOWER ALBK AMBUJACEM ANDHRABANK AIL APOLLOTYRE ALSTOMT&D ASHOKLEY ASIANPAINT AUROPHARMA AXISBANK BAJAJ-AUTO BAJAJHIND BALRAMCHIN BANKBARODA BANKINDIA BEL BEML BGRENERGY BHARATFORG BHARTIARTL BHEL BHUSANSTL BIOCON BOSCHLTD BPCL Close 5850 12069 6993 306 585 364 1067 1301 232 50 147 199 100 332 89 166 23 4537 181 1412 1994 23 49 741 343 1206 251 216 218 310 204 463 287 8990 389 RB2 5906 12237 7109 322 628 373 1116 1319 244 52 153 204 102 350 94 175 24 4629 189 1437 2068 24 51 757 354 1254 269 225 227 327 210 469 298 9089 400 RB1 5877 12149 7037 315 602 367 1086 1309 236 51 150 200 101 341 91 171 23 4570 185 1424 2026 24 50 748 348 1228 259 220 223 315 207 466 291 9037 394 PP 5853 12078 6979 309 580 363 1062 1301 231 50 147 198 100 334 88 167 23 4522 181 1413 1993 23 49 741 342 1207 250 216 220 306 205 463 285 8994 389

25 February 2013

SB1 5830 12006 6920 303 559 358 1038 1293 225 49 144 195 99 327 86 164 22 4474 178 1402 1960 23 48 734 337 1187 242 212 216 296 202 461 280 8952 384

SB2 5801 11918 6849 295 532 352 1008 1283 218 48 141 192 98 318 83 159 21 4415 174 1388 1919 23 46 725 330 1161 231 207 212 285 200 458 273 8900 378

Scrip Name BRFL CAIRN CANBK CENTURYTEX CESC CHAMBLFERT CHENNPETRO CIPLA COLPAL CONCOR COREEDUTEC CROMPGREAV CUMMINSIND DABUR DECCANCE DENABANK DISHTV DIVISLAB DLF DRREDDY EDUCOMP ESSAROIL EXIDEIND FEDERALBNK FINANTECH FORTIS FSL GAIL GESHIP GLAXO GMDCLTD GMRINFRA GODREJIND GRASIM GSPL

Close 239 307 442 361 298 63 130 381 1316 1001 294 97 494 132 241 99 67 1050 281 1816 108 87 126 496 930 101 11 341 238 2100 190 18 291 3019 70

RB2 246 314 458 380 306 65 133 391 1385 1164 306 99 507 136 261 102 70 1094 295 1859 113 90 136 519 960 105 13 350 250 2189 197 19 299 3082 71

RB1 243 310 449 371 302 64 131 386 1353 1089 300 98 501 133 248 101 68 1071 286 1832 110 88 131 508 945 103 12 345 244 2145 194 18 295 3049 70

PP 239 306 441 364 299 63 129 382 1327 1029 295 97 495 131 238 100 67 1054 279 1810 108 87 127 499 933 101 10 341 239 2110 191 18 291 3022 70

SB1 236 302 434 357 296 63 128 377 1301 968 290 96 490 129 228 98 65 1036 272 1789 106 85 123 490 921 100 9 337 234 2075 189 18 287 2995 69

SB2 233 297 425 348 292 62 126 372 1269 893 284 94 483 126 215 97 63 1013 264 1762 103 83 118 479 906 98 7 332 228 2031 185 18 282 2961 68

PP= Pivot Point

RB1= Fibonacci Resistance 1 RB2=Fibonacci resistance 2

SB1= Fibonacci support 1

SB2= Fibonacci support 2

How to trade Pivot points: If stock opens above Pivot point then go LONG, and keep SB1 as the stop loss for a possible target of RB1 / RB2. If stock opens below Pivot point then go SHORT and keep RB1 as the stop loss for a possible target of SB1 / SB2

Aditya Birla Money Limited

2nd Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400

Page No: 2

Money Trend
Scrip Name GTL GTLINFRA GTOFFSHORE GVKPIL HAVELLS HCC HCLTECH HDFC HDFCBANK HDIL HEROMOTOCO HEXAWARE HINDALCO HINDPETRO HINDUNILVR HINDZINC HOTELEELA IBREALEST ICICIBANK ICSA IDBI IDEA IDFC IFCI INDHOTEL INDIACEM INDIAINFO INDIANB INDUSINDBK INFY IOB IOC JSWISPAT ITC IVRCLINFRA Close 22 3 78 12 658 17 720 800 659 68 1677 87 107 317 455 118 25 69 1093 10 97 114 156 33 59 85 72 185 428 2841 75 312 10 292 29 RB2 23 3 82 13 682 17 739 830 673 71 1722 94 111 326 477 123 26 72 1120 11 100 121 160 35 61 88 76 191 438 2911 79 323 11 304 31 RB1 23 3 80 12 669 17 729 814 667 69 1697 90 109 320 467 120 25 70 1103 10 98 116 158 34 60 86 74 188 433 2867 77 318 10 298 30 PP 22 3 78 12 659 17 721 801 661 68 1678 87 107 315 459 118 25 69 1090 10 97 113 156 33 59 84 72 185 428 2831 75 313 10 294 29

25 February 2013

SB1 21 3 76 12 648 17 713 788 656 67 1658 84 105 311 451 116 24 68 1076 9 96 109 154 32 58 82 71 182 424 2795 74 309 10 289 28

SB2 21 3 74 12 635 16 703 772 649 66 1634 81 103 305 441 113 24 67 1059 9 95 104 151 31 57 80 69 178 418 2751 72 304 10 283 27

Scrip Name JETAIRWAYS JINDALSAW JINDALSTEL JISLJALEQS JPASSOCIAT JPPOWER JSWSTEEL KFA KOTAKBANK KTKBANK LICHSGFIN LITL LT LUPIN M&M MARUTI MCDOWELL-N MCLEODRUSS MERCATOR MPHASIS MRPL MTNL ADANIPORTS NCC NATIONALUM NEYVELILIG NHPC NOIDATOLL NTPC OFSS ONGC ONMOBILE OPTOCIRCUI ORBITCORP

Close 528 95 358 64 70 31 773 12 665 154 242 12 1435 601 895 1438 1811 383 17 366 59 23 150 41 46 78 29 23 152 2968 324 36 60 38

RB2 576 100 371 67 75 33 796 12 682 162 251 12 1467 619 923 1496 1863 398 18 387 61 24 158 46 47 79 30 24 155 3151 335 37 62 41

RB1 554 98 363 65 72 32 783 12 672 158 246 12 1447 606 905 1468 1835 389 18 377 60 24 153 44 47 78 29 23 153 3067 329 37 61 40

PP 536 96 357 64 71 31 773 12 664 154 242 12 1431 596 890 1445 1814 381 17 368 59 23 148 41 46 78 29 23 151 2999 324 36 59 39

SB1 518 94 351 63 69 31 763 12 656 150 238 11 1415 585 874 1422 1792 373 17 359 58 23 143 39 45 77 29 22 149 2932 319 35 58 38

SB2 496 91 344 61 66 30 751 11 646 145 233 11 1395 572 856 1394 1765 364 17 349 57 23 137 36 44 76 28 22 147 2848 314 35 57 37

PP= Pivot Point

RB1= Fibonacci Resistance 1 RB2=Fibonacci resistance 2

SB1= Fibonacci support 1

SB2= Fibonacci support 2

How to trade Pivot points: If stock opens above Pivot point then go LONG, and keep SB1 as the stop loss for a possible target of RB1 / RB2. If stock opens below Pivot point then go SHORT and keep RB1 as the stop loss for a possible target of SB1 / SB2

Aditya Birla Money Limited

2nd Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400

Page No: 3

Money Trend
Scrip Name ORCHIDCHEM ORIENTBANK PANTALOONR PATELENG PETRONET PFC PEL PNB POLARIS POWERGRID PRAJIND PTC PUNJLLOYD RANBAXY RCOM RECLTD RELCAPITAL RELIANCE RELINFRA RENUKA ROLTA RPOWER RUCHISOYA SAIL SIMPLEX SBIN SCI SESAGOA SIEMENS SINTEX SOBHA Close 69 291 215 68 148 204 572 853 121 109 43 69 45 414 70 240 407 863 477 28 67 80 64 77 32 2196 48 163 547 60 402 RB2 74 300 227 71 155 218 606 879 130 112 44 74 49 422 73 250 428 884 495 29 70 82 72 79 35 2253 50 167 565 63 424 RB1 71 296 220 70 151 212 585 862 125 110 44 71 47 418 72 244 416 873 485 28 68 81 67 78 34 2226 49 165 557 61 413 PP 69 292 214 69 148 207 567 848 122 109 43 68 46 414 70 240 406 864 477 28 67 80 64 77 32 2204 48 163 550 60 405

25 February 2013

SB1 67 289 209 68 144 201 550 834 118 107 43 65 45 410 69 235 395 856 469 27 65 79 60 76 31 2182 48 161 543 58 396

SB2 65 285 202 67 140 195 528 817 114 105 42 62 43 406 67 230 383 845 458 26 64 78 56 74 29 2155 47 159 535 56 385

Scrip Name SRTRANSFIN STER SUNPHARMA SUNTV SUZLON SYNDIBANK TATACHEM TATACOMM TATAGLOBAL TATAMOTORS TATAPOWER TATASTEEL TCS TECHM TITAN TRIVENI TTML TULIP UCOBANK UNIONBANK UNIPHOS UNITECH VIDEOIND VIJAYABANK VOLTAS WELCORP WIPRO YESBANK ZEEL

Close 715 97 812 410 23 127 331 227 138 293 97 365 1455 1039 256 17 11 12 65 226 125 30 198 54 87 84 416 490 220

RB2 732 100 829 429 24 131 338 236 143 304 101 374 1484 1068 268 17 12 13 68 234 132 31 213 56 89 90 434 511 233

RB1 721 99 817 419 24 129 334 231 141 298 99 369 1467 1053 261 17 11 12 67 230 128 31 206 55 88 87 422 498 225

PP 712 98 808 410 23 127 331 227 139 293 97 364 1454 1040 255 17 11 12 65 226 125 30 201 54 87 84 413 486 218

SB1 702 97 799 402 23 125 328 223 137 289 96 360 1440 1028 249 16 10 12 64 222 121 29 195 53 86 81 403 475 212

SB2 691 95 788 391 22 123 324 218 134 283 94 354 1424 1013 242 16 10 11 63 218 117 29 188 52 85 78 391 461 203

PP= Pivot Point

RB1= Fibonacci Resistance 1 RB2=Fibonacci resistance 2

SB1= Fibonacci support 1

SB2= Fibonacci support 2

How to trade Pivot points: If stock opens above Pivot point then go LONG, and keep SB1 as the stop loss for a possible target of RB1 / RB2. If stock opens below Pivot point then go SHORT and keep RB1 as the stop loss for a possible target of SB1 / SB2

Aditya Birla Money Limited

2nd Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400

Page No: 4

Money Trend

25 February 2013

Research Team
Vivek Mahajan Head of Research 022-42333522 vivek.mahajan@adityabirla.com Hemant Thukral Head Derivatives Desk 022-42333483 hemant.thukral@adityabirla.com

Fundamental Team
Avinash Nahata Akhil Jain Sunny Agrawal Sumit Jatia Shreyans Mehta Dinesh Kumar Pradeep Parkar Head of Fundamental Desk Metals & Mining/ Mid Caps FMCG/Cement/ Mid Caps Banking & Finance Construction/Real Estate Information Technology/Auto Database Analyst 022-42333459 022-42333540 022-42333458 022-42333460 022-42333544 022-42333531 022-42333597 avinash.nahata@adityabirla.com akhil.jain@adityabirla.com sunny.agrawal@adityabirla.com sumit.jatia@adityabirla.com shreyans.m@adityabirla.com dinesh.kumar.k@adityabirla.com pradeep.parkar@adityabirla.com

Quantitative Team
Jyoti Nangrani, CMT Raghuram Amit Somani Sr. Technical Analyst Technical Analyst Derivative Analyst 022-42333537 022-42333454 022-42333532 jyoti.nangrani@adityabirla.com raghuram.p@adityabirla.com Amit.somani@adityabirla.com

Advisory Support
Indranil Dutta Suresh Gardas Sandeep Pandey Advisory Desk HNI Advisory Desk Advisory Desk 022-42333494 022-30442101 022-30004011 indranil.dutta@adityabirla.com suresh.gardas@adityabirla.com sandeep.pandey@adityabirla.com

ABML research is also accessible in Bloomberg at ABMR

Aditya Birla Money Limited

2nd Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400

Page No: 5

Money Trend
Disclaimer:

25 February 2013

This document is not for public distribution and is meant solely for the personal information of the authorised recipient. No part of the information must be altered, transmitted, copied, distributed or reproduced in any form to any other person.Persons into whose possession this document may come are required to observe these restrictions. This document is for general information purposes only and does not constitute an investment advice or an offer to sell or solicitation of an offer to buy / sell any security and is not intended for distribution in countries where distribution of such material is subject to any licensing, registration or other legal requirements. The information , opinion, views contained in this document are as per prevailing conditions and are of the date of appearing on this material only and are subject to change. No reliance may be placed for any purpose whatsoever on the information contained in this document or on its completeness. Neither Aditya Birla Money Limited (ABML) nor any person connected with it accepts any liability or loss arising from the use of this document. The views and opinions expressed herein by the author in the document are his own and do not reflect the views of Aditya Birla Money Limited or any of its associate or group companies. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially. Past performance is no guarantee and does not indicate or guide to future performance. Nothing in this document is intended to constitute legal, tax or investment advice, or an opinion regarding the appropriateness of any investment, or a solicitation of any type. The contents in this document are intended for general information purposes only. This document or information mentioned therefore should not form the basis of and should not be relied upon in connection with making any investment. The investment may not be suited to all the categories of investors. The recipients should therefore obtain your own professional, legal, tax and financial advice and assessment of their risk profile and financial condition before considering any decision. Aditya Birla Money Limited, its associate and group companies, its directors, associates, employees from time to time may have various interests/ positions in any of the securities of the Company(ies) mentioned therein or be engaged in any other transactions involving such securities or otherwise in other securities of the companies / organisation mentioned in the document or may have other potential conflict of interest with respect of any recommendation and / related information and opinions.

Aditya Birla Money Limited

2nd Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400

Page No: 6