EagleEye-Apr02_13(e)

7/24/2019 EagleEye-Apr02_13(e)

1/5

Punters Call

April 02, 2013 6:00am ISTVisit us at www.sharekhan.com

(equities)

Bulls remain firm, bounce to continue

60 minute chart

Nifty chart: 5704Markets on April 01, 2013: Support @ 5660

The Nifty closed in the positive today, up 21 points at 5704.

Over the next couple of days it is expected to head higher

till 5740. In this period the key support will be at around

5660 and resistance will be at 5720.

Of the 50 stocks of the Nifty, Cipla and Bharat Heavy

Electricals are expected to move higher going forward.

The Nifty has formed an ending diagonal pattern on the

hourly chart which indicates strength in the short term.

The short-term bias for Nifty would change to positive for

a target of 5820 with reversal around 5600. The medium-

term outlook would remain negative, as the index has

completed a W-X-Y pull-back and also formed an ending

diagonal pattern in the last leg.

Other technical observations

On the daily chart the index is trading below the 20-daily

moving average (DMA) and the 40-DMA, ie 5778 and 5813

respectively. The momentum indicator is trading in the

negative mode.

On the hourly chart, the Nifty is trading above the 20-hourly

moving average (HMA) and the 40-HMA, ie 5660 and 5685

respectively, which are crucial intra-day levels. The hourly

momentum indicators have turned positive. The market

breadth was positive today with 1,134 advances and 376

declines on the National Stock Exchange.

Market Breadth

BSE NSE

Advances 1874 1134

Declines 869 376

Unchanged 92 48

Volume (Rs) 1650 cr 7015cr

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0 17 24 3 1

2013

7 14 21 28 4

February

11 18 25 4

March

11 18 25 1

April

8 15

-3

-2

-1

0

1

2

3KST (-2.04646)

5600

5650

5700

5750

5800

5850

5900

5950

6000

6050

6100

6150

0.0%

23.6%

38.2%

50.0%

61.8%

100.0%

- NSE50 [NIFTY] (5,697.35, 5,720.95, 5,675.90, 5,698.55, +9.04980)

12 13 14 15 18 19 20 21 22 25 26 28 1

April

2 3

-1.5

-1.0

-0.5

0.0

0.5

1.0

1.5KST(0.72824)

5600

5650

5700

5750

5800

5850

5900

5950

6000- NSE50 [NIFTY](5,697.30, 5,711.15,5,696.75, 5,698.55, +1.34961)


2/5Eagle Eye April 02, 2013 HomeFor Private Circulation only 2

Trendy Levels

Sensex Nifty

Support Resistance Support Resistance

18800 19300 5700 5847

18693 19700 5616 5993

18182 20062 5514 6078

20DSMA 40DEMA 20DSMA 40DEMA

20390 19941 6096 5958

BSE Sensex: 19013 Nifty: 5705

Trendy Levels

Sensex Nifty

Support Resistance Support Resistance

18796 18959 5675 5720

18680 19132 5650 5758

18568 19230 5604 5778

20DSMA 40DEMA 20DSMA 40DEMA

19132 19230 5778 5813

BSE Sensex:18,864 Nifty: 5,704

Short Term Trend

Target Trend Reversal Support / Resistance

Sensex 19250 Down below 18550 18550 / 19250

Nifty 5820 Down below 5600 5600 / 5820

Up Downswing maturesDown

Icon guide

Upswing matures

Medium Term Trend

Target Trend Reversal Support / Resistance

Sensex 17750 Up above 19760 17750 / 19760

Nifty 5350 Up above 5971 5350 / 5971

CTFT Basket

Date Call Scrip Name Buy Price/ Targets Status Call Closing PotentialSell Price Price (%)

01-04-13 Buy Syndicate Bank Fut 115.25 - Open 114.25 -0.87%

01-04-13 Buy HDIL Fut 50.1 - Open 49.7 -0.80%

01-04-13 Buy Reliance Infra Fut 342.4 - Open 339.5 -0.85%

01-04-13 Buy Pantaloon Retail Fut 153.75 - Open 153.25 -0.33%

01-04-13 Buy IDBI Fut 83.25 - Open 83.05 -0.24%

01-04-13 Buy Reliance Capital Fut 325.15 - Open 322.45 -0.83%

CTFT Note:Target would be minimum 1 %



Date Recommendation Action Stop Loss/ Stop Loss/ Buy/Sell Closing Potential % Targets

Reversal Reversal Price Price P/L at

(Intra-day) DCL (CMP) CMP

Date Recommendation Action Stop Loss/ Stop Loss/ Buy/Sell Closing Potential % Targets

Reversal Reversal Price Price P/L at

(Intra-day) DCL (CMP) CMP

NOTE: Kindly note that all stop losses in Smart Charts Calls are on closing basis unless specified.

TPB: Trailing profit booked

01-04-13 Cipla Buy - 376.00 388.60 384.30 -1.11% 420-428

25-03-13 IDFC Sell - 151.00 143.45 141.95 1.05% 136-130

25-03-13 Jain Irrigation Sell - Exit 61.70 62.10 -0.65% 57-52

22-03-13 McDowell Sell - 1,918.00 1,852.75 1,889.45 -1.98% 1702-162821-03-13 Tata Power Sell - 101.00 98.00 95.80 2.24% 92-86

14-03-13 Hindalco Industries Sell - 98.50 94.15 91.70 2.60% 84-68

14-03-13 Idea Cellular Sell - 117.00 112.45 114.50 -1.82% 103-98

Smart ChartsSmart ChartsSmart Charts

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.

Momentum Calls

For the short term1 to 5 daysFor the short term1 to 5 days

Stock Action Action Stop loss Price Closing Potential % Target1 Target2

Date price P/L at CMP

Pantaloon Retail 01-04-13 Buy 150.40 153.25 153.05 -0.13% 157.00 161.00

Orbit Corporation 01-04-13 Buy 26.60 27.15 26.95 -0.74% 28.00 29.00

Karnataka Bank 01-04-13 Buy 131.90 134.20 134.00 -0.15% 138.00 142.00



BHEL

Support: Rs180/174

Resistance: Rs186/194

Cipla

Support: Rs376/370

Resistance: Rs395/417

Bank Nifty

Support: 11375/11075

Resistance: 11629/11873

Stock specific ideasShort Term Trend

12 13 14 15 18 19 20 21 22 25 26 28 1

April

2 3

-4

-3

-2

-1

0

1

2KST(2.01534)

175

180

185

190

195

200

205

210

ary

11 18 25 4

March

11 18 25 1

April

8 15

-5

-4

-3

-2

-1

0KST(-3.40875)

10800

10900

11000

11100

11200

11300

11400

11500

11600

11700

11800

11900

12000

12100

12200

12300

12400

12500

12600

12700

12800

12900

13000

13100

14 21 28 4

February

11 18 25 4

March

11 18 25 1

April

8 15

-6

-5-4

-3

-2

-1

0

1

2KST(0.24396)

350

355

360

365

370

375

380

385

390

395

400

405

410

415

420

425

430

435

440



For April 02, 2013

Day Traders HIT List

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

SL=Stoploss

Scrip Name Support Levels Close Resistance Levels ActionS2 S1 (Rs) R1 R2

NIFTY Futures 5696.0 5714.0 5721.7 5743.0 5794.0 Go Long AboveR1......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Bank Nifty Futures 11375.0 11420.0 11473.8 11518.0 11678.0 Go Long AboveR1......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

BHEL 178.3 180.0 182.0 184.2 188.7 Go Long AboveR1......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

DLF 248.0 251.0 253.2 254.0 261.0 Go Long AboveR1......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Hindalco 88.2 90.4 91.7 92.7 94.0 Go Long AboveR1 / Go Short Below s1......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

ICICI Bank 1038.0 1045.0 1051.8 1060.0 1085.0 Go Long AboveR1......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Jai Prakash 66.5 67.3 68.0 68.3 71.0 Go Long AboveR1......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

LNT 1370.0 1386.0 1394.7 1404.0 1437.0 Go Long AboveR1......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Reliance Industries 760.0 765.0 778.2 790.0 810.0 Go Long AboveR1 / Go Short Below s1......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

SBI 2051.0 2073.0 2090.6 2098.0 2150.0 Go Long AboveR1......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Tata Motors 258.0 262.1 265.5 268.0 274.0 Go Long AboveR1 / Go Short Below s1......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Tata Power 93.0 95.0 95.8 97.0 98.6 Go Long AboveR1 / Go Short Below s1......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

TISCO 307.0 310.5 314.5 317.0 328.0 Go Long AboveR1......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

TCS 1533.0 1550.0 1555.0 1572.0 1596.0 Go Long AboveR1......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

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EagleEye-Apr02_13(e)