(equities)

May 09, 2012 6:00am IST

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Punters Call

Bears roaring
Markets on May 08, 2012: Resistance @ 5066

Nifty Chart: 4,999

- NSE50 [NIFTY] (5,114.70, 5,119.95, 4,983.60, 4,985.95, -136.900)

5700
5650
5600
5550

The Nifty has closed in the negative today and is now

expected to head lower till 4950 with resistance around
5066 in the immediate run. A key support in the immediate
run is around 4950 and resistance will be faced at 5066.

5500
5450
5400
5350
5300
5250
5200
5150
5100
5050
5000
4950
4900

The Nifty ended in the negative with a loss of 114 points

while the Sensex fell 366 points in todays trading. Of the
30 stocks of the Sensex, Maruti Suzuki and ONGC are
expected to move down further going forward.

4850
4800
4750
4700
4650
4600
4550
4500
4450
KST (-2.73294)
5

The Nifty is now expected to take resistance around 5066

and head down till 4950 in the short term. It had formed a
bearish island between 5344 and 5338 and a bearish
triangular pattern, which will act as a very crucial resistance
on the way up. On the daily chart, the Nifty had been
forming a triangular pattern, which has broken on the
downside; yesterday with a dead cat bounce, the pattern
was retested. The Nifty is expected to move down till the
78.6% retracement level of the previous rally ie till 4771
and below.

-5

26

3
10
October

17

24

31
8 14
November

21

28

5
12
December

19

26

2
2012

16

23

30

6
13
February

21

27

5
March

12

19

26

2
April

16

23

30 7
May

14

21

60 minute chart
- NSE50 [NIFTY] (5,050.50, 5,058.55, 4,983.60, 4,985.95, -64.3496)
5650
5600
5550
5500
5450
5400
5350
5300
5250

On the daily chart the Nifty is trading below its 20 day

moving average (DMA) and 40 DMA ie 5211 and 5224
respectively. The momentum indicator has given a negative
crossover on the daily chart and is trading below the zero
line. On the hourly chart, the Nifty is trading below its 20
hour moving average (HMA) and 40 HMA ie 5066 and 5119
respectively, which are its crucial levels in the immediate
run. The hourly momentum indicators have given a negative
crossover and are trading below the zero line. The market
breadth was negative with 449 advances to 1017 declines
on the NSE.

5200
5150
5100
5050
5000
4950
2.0
1.5
1.0
0.5
0.0
-0.5
-1.0
-1.5
-2.0
-2.5
-3.0

KST (-0.74602)

30

6
February

13

21

27

5
March

12

19

26

2
April

16

23

30

7
May

Market Breadth
BSE

NSE

Advances

1,052

449

Declines

1,688

1,017

132

69

2,108 cr

10,885 cr

Unchanged
Volume (Rs)

For Private Circulation only

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Short Term Trend

Target
Sensex

15881

Nifty

4766

Trend




Reversal

Support / Resistance

Up above 16944

15881 / 16944

Up above 5125

4766 / 5125

Medium Term Trend

Target
Sensex

14400

Nifty

4300

Trend




Reversal

Support / Resistance

Up above 17664

14400 / 17664

Up above 5350

4300 / 5350

Trendy Levels
Levels
Sensex
Sensex
Support
Support

Nifty
Nifty
Resistance
Resistance

16381
16716
18800
19300
16220
16856
18693
19700
16038
16967
18182
20062
20DSMA
40DEMA
20DSMA
40DEMA
17167
17216
20390
19941
BSE Sensex: 16,546
BSE Sensex: 19013

Support
Support

Resistance
Resistance

4950
5700
4904
5616
4862
5514
20DSMA
20DSMA
5211
6096

5053
5847
5096
5993
5131
6078
40DEMA
40DEMA
5224
5958
Nifty: 4,999
Nifty: 5705

CTFT Basket
Date

Call

Scrip Name

08-05-12

Sell

Cairn India

08-05-12

Sell

HCC

08-05-12

Sell

Rel Infra

08-05-12

Sell

JP Associates

08-05-12

Sell

TCS

08-05-12

Sell

RCom

Buy Price/
Sell Price

Targets

Status

Call Closing
Price

Potential
(%)

315.50

OPEN

315.15

0.11%

19.25

OPEN

19.10

0.78%
0.56%

491.50

OPEN

488.75

64.80

OPEN

64.10

1.08%

1200.00

OPEN

1200.35

-0.03%

70.85

OPEN

70.10

1.06%

CTFT Note: Target would be minimum 1 %

For Private Circulation only

Eagle Eye

May 09, 2012

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Smart Charts
Date

Recommendation

Action

08-05-12
08-05-12
04-05-12
04-05-12
04-05-12
04-05-12
04-05-12
03-05-12
02-05-12
30-04-12
26-04-12

State Bank of India

NMDC
Sesa Goa
IFCI
Tata Comm
Tata Global
Mahindra and Mahindra
Tata Steel
Tata Power
SAIL
Cairn India

Sell
Sell
Sell
Sell
Sell
Sell
Sell
Sell
Sell
Sell
Sell

Stop Loss/
Reversal
(Intra-day)

Stop Loss/
Reversal
DCL

Buy/Sell
Price

Closing
Price
(CMP)

Potential %
P/L at
CMP

Targets

2,102.0
179.0
191.5
42.3
234.0
121.0
723.0
471.0
107.0
97.4
352.0

2,011.5
170.0
183.4
39.4
225.1
114.5
694.5
451.1
102.9
94.1
339.0

1,958.9
168.0
180.5
37.8
221.7
113.0
676.9
427.3
99.1
93.2
314.9

2.6%
1.2%
1.6%
4.1%
1.5%
1.3%
2.5%
5.3%
3.7%
1.0%
7.1%

1829-1748
155-135
168-160
36.5-34
207-200
108.5-102
660-630
425-400
94-90
86.5-82
310.5-300.5

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 term1 to 5 days

Stock

Action
Date

Action

Stop loss

Educomp Solutions

08-05-12

Sell

178.6

DLF

08-05-12

Sell

197.1

Reliance Capital

08-05-12

Buy

Exit

Price

Closing
price

P/L at CMP

175.5

173.3

192.8

190.0

315.0

310.0

Potential %

Target1

Target2

1.3%

171.0

166.0

1.5%

187.0

182.0

-1.6%

324.0

333.0

NOTE: Kindly note that all stop losses in Momentum Calls are on an intra-day basis.
TPB: Trailing profit booked
NOTE : Action taken after market hours will be highlited in blue colour.

For Private Circulation only

Eagle Eye

May 09, 2012

Home

Maruti Suzuki
1450

1400

Support: Rs1275/1150

1350

1300

Resistance: Rs1350/1410

1250

1200

1150

1100

1050

1000
KST (-2.91537)

15
10
5
0
-5

19

26

2
2012

16

23

30

6
February

13

21

27

5
March

12

19

26

2
9
April

16

23

30
7
May

14

21

KST (-2.03080)

ONGC
Support: Rs245/220

-5

305

Resistance: Rs265/273

300
295
290
285
280
275
270
265
260

255

250

245

19

26

2
2012

16

23

30

6
February

13

21

27

5
March

For Private Circulation only

12

19

26

2
9
April

16

23

30
7
May

14

21

Eagle Eye

May 09, 2012

Home

Day Traders HIT List

For May 09, 2012
Scrip Name
NIFTY Futures

Support Levels
S2
S1
4890.0

4975.0

Close
(Rs)
4995.2

Resistance Levels
R1
R2
5050.0

5080.0

Action
Go Short Below S1

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

Bank Nifty Futures

9150.0

9450.0

9512.0

9700.0

9800.0

Go Short Below S1

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

Bharti Tele

306.0

311.0

315.4

318.0

321.0

Go Short Below S1

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

DLF

182.0

187.0

189.9

192.0

196.0

Go Short Below S1

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

Hindalco

112.4

115.7

117.8

119.5

121.7

Go Short Below S1

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

ICICI Bank

797.0

820.0

830.2

838.0

848.0

Go Short Below S1

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

Jai Prakash

60.3

62.7

64.1

64.5

66.0

Go Short Below S1

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

LNT

1110.0

1147.0

1158.8

1178.0

1191.0

Go Short Below S1

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

MNM

657.0

668.0

676.7

684.0

690.0

Go Short Below S1

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

Reliance Industries

693.0

705.0

708.4

714.0

721.0

Go Short Below S1

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

SBI

1900.0

1937.0

1955.4

1979.0

2000.0

Go Short Below S1

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

Tata Motors

285.0

292.0

296.4

301.0

305.0

Go Short Below S1

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

TCS

1167.0

1195.0

1200.7

1212.0

1225.0

Go Short Below S1

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

TISCO

416.0

422.0

427.2

432.0

437.0

Go Short Below S1

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

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

For Private Circulation only

Eagle Eye

May 09, 2012

Home

Smart Charts

KST (0.74556)
5

NMDCSell

-5

CMP: Rs170

-10
-15

-20
NMDC (172.500, 174.700, 164.500, 167.000, -5.00000), Parabolic SAR (178.793)
210
205
200
195
190
185
X
180
175
170

Sell NMDC at the current market price of Rs170 with the

stoploss of Rs179 for the targets of Rs155 and Rs135. The
stock has completed its X wave pullback. It has broken down
from a Bearish Flag pattern. Daily Momentum Indicators are
in sell. It is trading below 20 and 40 daily moving averages.

165
160
155
W
150
145
140
135

130
19

26

2
2012

16

23

30

6
February

13

21

27

5
March

12

19

26

2
9
April

16

23

30
7
May

14

21

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May 09, 2012

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