Equity Derivatives - Research

jambujkja

India

Stocks In Action

September 09, 2011

Based on the broader market view; the following 20 stocks have been selected and view for the same has been indicated. As a trader one has to understand that these supports and resistances are manually observed based on which one may assume positions as indicated in the action column. The stocks listed below are among the top traded from various sectors. One has to keep in mind that the view is based on stock specific. If one assumes long position around the Support1 (S1) then his stop loss shall be placed at Support2 (S2). Similarily for a short position around the Resistance1 (R1) stop loss for the same shall be at Resistance2 (R2). Stock AXISBANK CAIRN DLF IDBI IDFC IVRCLINFRA JPASSOCIAT JSWSTEEL KOTAKBANK LICHSGFIN LITL M&M MARUTI SAIL STER SUZLON TATAMOTORS TCS UNITECH VOLTAS CMP 1150.6 287.4 205.0 112.4 115.5 45.9 71.0 722.1 469.7 220.4 18.8 790.8 1131.9 118.4 138.3 42.0 790.7 1036.1 29.0 124.8 Recommended Long Long Short Long Long Long Long Short Long Long Long Long Short Short Long Long Long Short Long Long S1 1131.0 281.4 202.9 110.1 113.9 42.2 69.5 712.3 462.4 217.8 18.5 782.1 1122.2 116.4 136.3 41.1 775.4 1025.1 28.3 122.1 S2 1111.5 275.5 200.9 107.9 112.3 38.5 67.9 702.5 455.2 215.2 18.2 773.5 1112.5 114.3 134.3 40.2 760.2 1014.1 27.6 119.4 R1 1165.5 291.2 207.2 114.2 117.5 48.3 72.3 735.4 475.4 222.7 19.1 798.2 1141.8 121.7 140.9 42.7 799.4 1051.0 29.5 127.1 R2 1180.4 295.1 209.5 116.0 119.6 50.7 73.5 748.7 481.2 225.1 19.5 805.6 1151.7 124.9 143.5 43.5 808.2 1066.0 30.0 129.4

Devendra Gaur

devendra.gaur@karvy.com
09030062268
Karvy F&O Research is also available on Bloomberg, Reuters and Thomson First Call

J.K. Jain jambu@karvy.com 09347065306

Stocks In Action

S2: Support 2 S1: Support 1 R1: Resistance 1 R2: Resistance 2 The levels indicated in the above table under the columns S2 and R2 are the indicated trading range for the particular day. One has to understand and follow that any drift below the S2 levels would negate the long side view on the stock while a breach above the R2 would negate the short side view on the stock. If the view on a stock is indicated as long; one has to assume long positions around the S1 levels with a stop loss placed at S2 levels and similarly one has to assume short positions around the specified R1 levels and maintain a stop loss at R2 levels. For Example: If the view given on Infosys is long, then one has to observe the S1 levels to assume long positions and maintain a stop loss at the S2 levels. The targets for the same position would be in two tranches that is R1 and R2 levels. Similarly, if the view given on Infosys is short, then one has to observe the R1 levels to assume short positions and maintain a stop loss at the R2 levels. The targets for the same position would be in two tranches that is S2 and S1 levels.

KARVY EQUITY DERIVATIVES DESK

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The information and views presented in this report are prepared by Karvy Stock Broking Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Stock Broking nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies are required to disclose their individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Stock Broking Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities. Karvy F&O Research is also available on Bloomberg, Reuters and Thomson First Call