Sept 14, 2010

MARKET WRAP
The move we got yesterday was much more than what most had imagined it
would be. A better open was expected but the kind of acceleration that the market
Inside this issue: witnessed later in the day was quite something. Fed by Banks and with laggards
like RIL, Ongc joining in, the prices flew thru the roof to create a nice long range
Stock Buzz 2
bar. The ranges of the last two sessions have been pretty long. Typically, ending
phases are characterized by such moves. The move has pierced thru the Bollinger
band on the topside for two successive sessions now and that puts the bias in fa-
Mid Cap Buzz 3 vor of bulls. Until we see the volatility shrink and the prices start trading within the
bands once again, we cannot really think of any topping. This does not mean we
cannot have a down day- that is entirely possible and can happen without making
Day Trading Table 4 any change to the sentiment. In fact looking at the options data it does appear
that we may have seen some topping action for the week. In addition, the TCD of
10th Sept can be effective either a day earlier or a day later. It seemed like Friday
was a nice high but yesterday's surge was a classic bearish capitulation. so lets not
get swayed by the kind of moves that we have seen. However, to call for a bearish
reversal based on this evidence would be totally premature. Hence we have to
consider those aspects only later and a little lower. Some may argue that it should
not be thus. The only answer to such feelings is that it does not belong in the mar-
ket- it belongs in dreams!

The attached chart shows the 60 min NF chart with the RSI. It is obvious that the
new high in prices also see a new high in momentum. Hence this is not the end of
the move. Any pullback here will also be succeeded by another round of rise. So
no reason to panic if there is any pullback. But if the rise continues beyond the
day's highs, then one should continue to trade long despite the fears of heights.

60 Min Nifty Futures

Source : Metastock
 STOCK BUZZ
Stock Buzz recommendations are purely for intra day trading only.
SESA GOA
Entry Stop Target
Buy above 324 3 Points 328/331

Prices of this mining counter seems to be

forming base around 307-08 area. Last
session saw prices rally sharply from that
support area and close at days high. RSI
has turned up from lower level by forming
a positive divergence pattern here. Volume
too building up consistently hints emer-
gence of bulls participation here. Go for a
buy.

DR REDDY’S LAB. Source : ASA

Entry Stop Target

Buy ard 1446-48 15 Points 1468/1478

A couple of sessions sharp decline halted

around the support of 1406 (23.6%
retracement). Prices rebounded sharply by
opening gap up from that area. RSI has
bounced back from crucial 60 levels signal-
ing strong momentum is prevailing. Vol-
umes too have started to build up indicat-
ing resumption of bulls participation here.
Buy can be initiated.
ANANT RAJ INDUSTRIES. Source : ASA

Entry Stop Target

Sell below 139.50 1.5 Points 138/136

This realty counter has been declining by

forming a double top around 142-144.
They have also declined after hitting the
resistance of descending Gann angle line.
RSI has been weakening by forming nega-
tive divergence pattern. With this negative
setup one can look to go for a short here
on follow through.

Source : ASA
Page 2
SHORT TERM BUZZ:- SANGHVI MOVERS LTD. (195.30)
Recommendations in this section are expected to achieve their targets in one to three months.

Entry Stop Target

Buy above 195-196 & dips to190 Below 10 points 214-215/235-36

This transport counter has been in a declining trend for the past 7-8 months. During that period
descending trend line (purple line) had proved to be a strong resistance. This week witnessed
this counter bounce back smartly and break the cluster of resistances in the form of aforesaid
trend line as well as 190 (38.2% retracement of falling leg from 59 in March’09) and 65 period
EMA. This power packed up move led Oscillators (both RSI & Stochastic) to turn up from near
oversold region signaling strength building up here. DI lines too have widened afresh with posi-
tive line dominance maintained. Volumes too have expanded aggressively indicating bulls are
preparing to get back into this counter. With everything hinting for trend revival here, one can
look to go for short term investment at above said levels.

Source : ASA

Page 3
DAY TRADING TABLE
SCRIPT SECOND FIRST CLOSE FIRST SECOND PIVOT
SUPPORT SUPPORT RESISTANCE RESISTANCE
ABB 769 776 783.3 795 807 788
ACC 961 976 990.45 1011 1032 996
AMBUJACEM 133 136 139.35 142 144 138
AXISBANK 1368 1397 1426.2 1444 1462 1415
BHARTIARTL 343 346 348.8 353 358 350
BHEL 2461 2477 2493.7 2515 2536 2499
BPCL 734 743 752.3 759 766 750
CAIRN 323 325 327.05 330 333 328
CIPLA 301 303 305.55 309 312 307
DLF 317 325 332.9 338 342 330
GAIL 459 465 470.8 474 478 469
GRASIM 2113 2133 2153.8 2182 2211 2162
HCLTECH 404 407 410.55 414 418 411
HDFC 617 641 665.4 679 693 655
HDFCBANK 2228 2255 2282.45 2302 2322 2275
HEROHONDA 1708 1718 1727.7 1743 1759 1733
HINDALCO 179 185 191.05 195 198 189
HINDUNILVR 276 277 279.15 282 284 280
ICICIBANK 1037 1068 1098 1116 1134 1086
IDEA 72 73 74.6 77 79 75
INFOSYSTCH 2858 2898 2936.9 2961 2984 2921
ITC 161 162 163.2 165 166 163
JINDALSTEL 711 714 717.7 722 727 719
LT 1882 1893 1904.5 1918 1932 1907
M&M 645 655 664.85 671 678 662
MARUTI 1306 1317 1328.15 1336 1344 1325
NATIONALUM 400 403 406.4 411 415 407
NTPC 200 204 207.6 210 212 206
ONGC 1357 1369 1382.35 1392 1402 1379
PNB 1206 1226 1245.95 1265 1285 1245
POWERGRID 104 105 105.55 106 107 106
RANBAXY 500 504 507.6 514 520 510
RCOM 159 161 162.75 165 168 163
RELCAPITAL 765 771 778.2 784 791 778
RELIANCE 954 973 992.5 1004 1015 984
RELINFRA 1002 1029 1055.75 1073 1089 1046
RPOWER 153 155 157.1 159 160 157
DAY TRADING TABLE cont’d

SCRIPT SECOND FIRST CLOSE FIRST SECOND PIVOT

SUPPORT SUPPORT RESISTANCE RESISTANCE
SAIL 198 200 201.1 203 205 202
SBIN 2927 3038 3148.55 3213 3277 3102
SIEMENS 706 714 721.55 728 735 720
STER 164 165 166.45 168 170 167
SUNPHARMA 1730 1742 1754.5 1764 1774 1752
SUZLON 50 51 51 52 53 51
TATACOMM 331 334 337.5 342 346 339
TATAMOTORS 1009 1018 1027 1035 1043 1026
TATAPOWER 1261 1268 1275.15 1281 1287 1274
TATASTEEL 590 596 601.5 607 613 601
TCS 862 871 879.75 889 898 880
UNITECH 81 83 84.9 86 87 84
WIPRO 394 399 403.2 410 417 405

SENSEX 18701 18955 19208.33 19353 19497 19099

NIFTY 5592 5676 5760.00 5807 5855 5723

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