Nifty Daily Outlook

SWASTIKA INTELLIGENCE GROUP

11th April 2011

Intraday R1: 5820 R2: 5860 R3: 5900

Levels for S1: 5750 S2: 5720 S3: 5700
NIFTY

6450 - NSE50 [NIFTY] (5,805.35, 5,830.30, 5,777.90, 5,779.40, -66.0000) 6450

6400 6400
6350 6350
6300 6300
6250 6250
6200 6200
6150 6150
6100 6100
6050 6050
6000 6000
5950 5950
5900 5900
5850 5850
5800 5800
5750 5750
5700 5700
5650 5650
5600 5600
5550 5550
5500 5500
5450 5450
5400 5400
5350 5350
5300 5300
5250 5250
5200 5200
5150 5150
5100 5100
80 Relative Strength Index (58.1760) 80
75 75
70 70
65 65
60 60
55 55
50 50
45 45
40 40
35 35
30 30
25 25
150 MACD (93.6237) 150
100 100
50 50
0 0
-50 -50
-100 -100
-150 -150
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 18 25
September October November December 2011 February March April

NIFTY witnessed a Gap Down opening of almost 37 points but soon we

see a short covering up to 5830 which is days high but we are unable to
hold this gain and gradually sellers activated in the market and we saw a
lower high lower low formation whole day . The February 2011 IIP Data
are announced today which was less than markets’ expectations on
Monthly Basis, but at the same time was poor on Yearly Basis. The January
IIP Numbers were at 3.60% Vs 3.70% (MoM Basis) and April-February IIP
Numbers were at 7.8% Vs 10.00% (YoY Basis). Immediately after the
announcement of IIP Numbers, NIFTY again dipped to the low, this time
was particularly dragged by CAPITAL GOODS, REALITY, and AUTO Stocks.
And finally closed near days low of 5778 at 5785 with a fall of .96%

Swastika Intelligence Group,

Contact : research@swastika.co.in 1st Floor , Bandukwala Building, British Hotel Lane, Fort
Mumbai
Nifty Daily Outlook
SWASTIKA INTELLIGENCE GROUP
11th April 2011

RSI value is 58.1. RSI is falling and going towards the region of lower
limit. MACD is above the signal line and its value is 93.6. Through
Bollinger Band a good confirmation of bearish market can be seen
as the price line is now fully away from the upper band . The
volatility is quiet good at this level also.

Exponential Moving Average of 200 days is 5610 and 50 days is

5646. 74 20 days Exponential Moving Average is 5728.4 which has
crossed 50 days Exponential Moving Average and also 200 days
Exponential Moving Average and is still moving above both of them.

Realty index was in downtrend with -2.52% and Auto index at

-2.15% , Oil & gas -1.41% at which were the major contributor in
the downfall. Banking index was closed with -0.65% loss. CNX IT
closed flat with loss of -0.15% and Infra also closed with loss of
-.99%. Overall, none of the indices were able to close in green &
could not able to support nifty and further downtrend is seen in the
indices in next coming session. People are advised to keep strict
stop loss.

Research Team:
Mr. Sunny Kalia sunnykalia@swastika.co.i
Technical Analyst
n
Mr. Chayan Laddha chayanladdha@swastika.c
Research Associate
o.in
Mr. Ronak Choubey Jr. Research ronakchoubey@swastika.c
Associate o.in
Mr. Deepak Kohade Commodity Analyst deepak.k@swastika.co.in
Ms. Amruta Trivedi Jr. Research amrutatrivedi@swastika.c
Associate o.in

Swastika Intelligence Group,

Contact : research@swastika.co.in 1st Floor , Bandukwala Building, British Hotel Lane, Fort
Mumbai
Nifty Daily Outlook
SWASTIKA INTELLIGENCE GROUP
11th April 2011

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Contact : research@swastika.co.in 1st Floor , Bandukwala Building, British Hotel Lane, Fort
Mumbai