July 09, 2014 A Sharekhan technical research newsletter

Punters Call
The Nifty has bounced back from the days low and if it
manages to close in green today, there is a probability
that it might form a hammer candlestick pattern. On
the lower side, 7550 becomes a short-term support
whereas 7650 is a short-term resistance. The Bank Nifty
has broken the consolidation on the lower side which
indicates that the trend has reversed from up to down.
The previous rise in Nifty was a five-wave rise and the
index has retraced 61.8% of the same. However, the
momentum has just gone into sell mode which makes us
believe that the trend might have reversed in Nifty as
well. The Nifty has formed a bearish engulfing pattern
on the daily charts which is a concern for bulls going
forward.
Of the stock futures, Gail is expected to head higher
during the day whereas DLF is expected to head lower
during the day.
Cautious ahead of Budget
For Private Circulation only
Regd Add: Sharekhan Limited, 10th Floor, Beta Building, Lodha iThink Techno Campus, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East),
Mumbai 400042, Maharashtra. Tel: 022 - 61150000. Fax: 67481899; E-mail: publishing@sharekhan.com; Website: www.sharekhan.com; CIN:
U99999MH1995PLC087498. Sharekhan Ltd.: SEBI Regn. Nos. BSE- INB/INF011073351 ; CD-INE011073351; NSE INB/INF231073330 ; CD-INE231073330;
MCX Stock Exchange- INB/INF261073333 ; CD-INE261073330; DP-NSDL-IN-DP-NSDL-233-2003 ; CDSL-IN-DP-CDSL-271-2004 ; PMS-INP000000662 ; Mutual
Fund-ARN 20669 ; Commodity trading through Sharekhan Commodities Pvt. Ltd.: MCX-10080 ; (MCX/TCM/CORP/0425) ; NCDEX-00132 ; (NCDEX/TCM/
CORP/0142) ; NCDEX SPOT-NCDEXSPOT/116/CO/11/20626; For any complaints email at igc@sharekhan.com ; Disclaimer: Client should read the Risk
Disclosure Document issued by SEBI & relevant exchanges and Dos & Donts by MCX & NCDEX and the T & C on www.sharekhan.com before investing.
Advance Decline
BSE 815 1723
NSE 413 1035
Moving Average (hourly)
20(S) 7724 100 (S) 7615
40(S) 7715 200 (S) 7562
S: Simple moving average
Updated at 12.00 noon

6 9 10 11 12 13 16 17 18 19 20 23 24 25 26 27 30 1
July
2 3 4 7 8 9 10
-1.5
-1.0
-0.5
0.0
0.5
1.0
1.5
2.0
KST (-1.40946)
7300
7350
7400
7450
7500
7550
7600
7650
7700
7750
7800
7850
Other technical observations
On the hourly chart, the momentum indicator has turned
negative. The Nifty is trading below the 20-hour simple
moving average and 40-hour exponential moving average,
ie 7724 and 7691 respectively, which are crucial levels in
the immediate run. The market breadth is negative with
413 advances and 1,035 declines.
High noon July 09, 2014
Home
2
Looking Trendy
Target Trend Reversal Support / Resistance
Sensex 24680 Up above 26190 24680 / 26190
Nifty 7370 Up above 7810 7370 / 7810
Short Term Trend
Up Downswing matures Down

Icon guide
Upswing matures
Medium Term Trend
Target Trend Reversal Support / Resistance
Sensex 27100 Down below 24150 24150 / 27100
Nifty 8050 Down below 7100 7100 / 8050

High Noon
Home
July 09, 2014 2
3
Disclaimer
This document has been prepared by Sharekhan Ltd. This Document is subject to changes without prior notice and is intended only for the person or entity to which it is addressed to and may contain confidential and/or privileged material and is not for any type of circulation. Any review,
retransmission, or any other use is prohibited. Kindly note that this document does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction.
Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. SHAREKHAN will not treat recipients as customers by virtue of their receiving this report.
The information contained herein is from publicly available data or other sources believed to be reliable. While we would endeavour to update the information herein on reasonable basis, SHAREKHAN, its subsidiaries and associated companies, their directors and employees (SHAREKHAN and
affiliates) are under no obligation to update or keep the information current. Also, there may be regulatory, compliance, or other reasons that may prevent SHAREKHAN and affiliates from doing so. We do not represent that information contained herein is accurate or complete and it should
not be relied upon as such. This document is prepared for assistance only and is not intended to be and must not alone betaken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such
investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The
investment discussed or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views. Affiliates of Sharekhan may have issued other reports that are inconsistent with and reach different conclusion from the information presented in
this report.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would
subject SHAREKHAN and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required
to inform themselves of and to observe such restriction.
SHAREKHAN & affiliates may have used the information set forth herein before publication and may have positions in, may from time to time purchase or sell or may be materially interested in any of the securities mentioned or related securities. SHAREKHAN may from time to time solicit from,
or perform investment banking, or other services for, any company mentioned herein. Without limiting any of the foregoing, in no event shall SHAREKHAN, any of its affiliates or any third party involved in, or related to, computing or compiling the information have any liability for any damages
of any kind. Any comments or statements made herein are those of the analyst and do not necessarily reflect those of SHAREKHAN.
Home
To know more about our products and services click here.
Visit us at www.sharekhan.com
Date Recommendation Action Stop Loss/ Stop Loss/ Buy/Sell Closing Potential % Targets
Reversal Reversal Price Price P/L at CMP
(Intra-day) DCL (CMP)
7-Jul-14 Infosys (Jul Fut) Buy - 3,232.00 3,321.00 3,320.00 -0.03% 3460-3530
1-Jul-14 ZEEL (Jul Fut) Buy - 282.00 303.00 284.20 -6.20% 335-350
24-Jun-14 REC (Jul Fut) Buy - Stopped out 356.80 343.30 -3.78% 381-429
18-Jun-14 NTPC (Jul Fut) Buy - 150.00 158.50 152.85 -3.56% 169-175
17-Jun-14 Bank of India (Jul Fut) Buy - Stopped out 305.30 280.00 -8.29% 334-350
Smart Charts
NOTE: Kindly note that all stop losses in Smart Charts Calls are on closing basis unless specified.
TPB: Trailing profit booked
Calls Action Action Segments Stop loss/ Stop loss* Reco Closing Potential # Tgt.1 Tgt.2 Risk/
date Reversal^ (Rs) price price P/L (%) (Rs) (Rs) Rwd.
(Rs) (Rs) ratio (%)
Cairn India 7-Jul-14 Buy Cash Stopped Out 353.00 366.65 342.60 -6.56% 410.00 410.00 1/3
@ 342.60
CrompGreav 7-Jul-14 Buy Cash Stopped Out 193.00 208.00 189.55 -8.87% 245.00 245.00 2/5
@ 189.55
Polaris 4-Jul-14 Buy Cash - 208.00 228.00 255.50 12.06% 305.00 305.00 1/4
Jet Airways 4-Jul-14 Buy Cash - 252.00 277.25 260.80 -5.93% 312.00 339.00 2/5
TCS 4-Jul-14 Buy Cash - 2,330.00 2,419.85 2,405.00 -0.61% 2,500.00 2,590.00 1/2
IOB 3-Jul-14 Buy Cash Stopped Out 75.50 82.85 73.20 -11.65% 90.00 95.00 3/5
@ 73.20
Emami 12-Jun-14 Buy Cash Trail Book 459.00 500.30 504.50 0.84% 600.00 600.00 2/5
Profit @ 504.5
SunTV 9-Jun-14 Buy Cash 447.00 410.00 440.35 457.00 3.78% 495.00 550.00 2/7
Eros Int Media 5-Jun-14 Buy Cash - 169.00 195.00 212.00 8.72% 250.00 500.00 1/8
IDFC 19-May-14 Buy Cash - 119.60 130.60 140.00 7.20% 152.00 164.00 1/3
*DCL # CMP ^Intra-day Tgt. = Target Rwd. = Reward
Premium Technical Synopsis