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					                                                                                                                        02 February 2012
DAILY TECHNICAL

    NIFTY OUTLOOK                                                         5235
Nifty opened the session on a flat note and traded lackluster with negative bias in the first   NIFTY KEY STATS
half. However strong buying momentum led index to close around its day high. Nifty closed
                                                                                                NIFTY TREND
at 5235 with 36 points gains.
                                                                                                13EMA                                              5072
On the daily chart, Nifty formed a new high at 5244 level with higher High- low formation.      55EMA                                              4936
This indicates a strong uptrend. Nifty has also decisively closed above its 200 day SMA of      200EMA                                             5132
5194 which supports bullish sentiments. On the hourly chart, Nifty has given an inverse
Head& Shoulder formation breakout at 5220 levels. The projected target of the above said
                                                           SENSEX
pattern comes around 5300-5360 levels. In the coming session, we expect Nifty to continue
its upside momentum above 5245 levels. On the upside nifty is likely to test 5270-5300
levels. However intraday support remains at 5215 level. Major support zone is placed
around 5155 and 5120 levels. However on the weekly chart, index is placed at one year
down sloping channel resistance of 5270 which remains a concern for profit booking.

The daily strength indicator RSI has turned up in the overbought zone indicating sustained         BULLISH                - Clear uptrend seen.
strength on every dip. However the momentum indicator Stochastic is still slanting                 MODERATELY BULLISH     - Some Strenth seen.

downwards below its reference line which remains a concern for the sustained momentum.             NEUTRAL                - No Clear trend Seen.
                                                                                                   BEARISH                - Clear Downtrend seen.
The trend deciding level for the day is 5215, If NIFTY trades above this level then we may         MODERATELY BEARISH     - Some Weakness seen.
witness a further rally up to 5265-5300-5350 levels. However, if NIFTY trades below 5215
levels then we may see some profit booking to initiate in market, it may correct up to 5180-
5125-5095 levels.

Stocks to focus for intraday Long: Dish TV, NMDC, STER, Ambuja Cem, M&M, L&T

Stocks to focus for intraday Short: TTKPRESTIG, BPCL




                                                                                  1
                                                                       CRUCIAL LEVELS - NIFTY 50
Name                 L as t R ate      R e s is tan ce 2     R e s is tan ce 1     Pi vo t         Su p p o r t 1   Su p p o rt 2       H ig h          Low
N IF T Y               5 ,2 3 5 .7 0        5 ,2 9 8 .7 0        5 ,2 6 7 .2 0    5 ,2 1 3 . 1 0     5,181.60         5 , 1 2 7 .5 0   5 ,2 4 4 .6 0   5 ,1 5 9 .0 0
ACC                    1 ,2 0 2 .0 0        1 ,2 2 7 .3 3        1 ,2 1 4 .6 7    1 ,2 0 1 . 3 3     1,188.67         1 , 1 7 5 .3 3   1 ,2 1 4 .0 0   1 ,1 8 8 .0 0
A M B U JA C EM           1 6 3 .2 0            1 6 8 .7 3           1 6 5 .9 7      1 62.58            159.82            1 5 6 .4 3      1 6 5 .3 5      1 5 9 .2 0
A X I SB AN K          1 ,0 8 8 .1 0        1 ,1 1 6 .9 0        1 ,1 0 2 .5 0    1 ,0 7 7 . 9 0     1,063.50         1 , 0 3 8 .9 0   1 ,0 9 2 .3 0   1 ,0 5 3 .3 0
B AJ AJ -A UT O        1 ,6 1 0 .8 0        1 ,6 6 6 .5 3        1 ,6 3 8 .6 7    1 ,6 1 1 . 9 3     1,584.07         1 , 5 5 7 .3 3   1 ,6 3 9 .8 0   1 ,5 8 5 .2 0
B HA R TI A R TL          3 6 1 .3 0            3 6 9 .1 3           3 6 5 .2 2      3 60.88            356.97            3 5 2 .6 3      3 6 4 .8 0      3 5 6 .5 5
B HE L                    2 5 5 .6 0            2 6 2 .9 7           2 5 9 .2 8      2 52.97            249.28            2 4 2 .9 7      2 5 6 .6 5      2 4 6 .6 5
B PC L                    5 6 0 .0 0            5 8 3 .5 0           5 7 1 .7 5      5 64.25            552.50            5 4 5 .0 0      5 7 6 .0 0      5 5 6 .7 5
C A IR N                  3 4 6 .9 0            3 5 3 .4 7           3 5 0 .1 8      3 45.22            341.93            3 3 6 .9 7      3 4 8 .5 0      3 4 0 .2 5
C IP L A                  3 4 8 .8 5            3 5 7 .6 2           3 5 3 .2 3      3 50.32            345.93            3 4 3 .0 2      3 5 4 .7 0      3 4 7 .4 0
C O A L IN D IA           3 1 7 .0 0            3 3 1 .2 0           3 2 4 .1 0      3 19.90            312.80            3 0 8 .6 0      3 2 7 .0 0      3 1 5 .7 0
DLF                       2 1 7 .1 0            2 2 5 .9 3           2 2 1 .5 2      2 15.58            211.17            2 0 5 .2 3      2 2 0 .0 0      2 0 9 .6 5
D R R ED D Y           1 ,6 7 6 .4 0        1 ,7 1 2 .4 7        1 ,6 9 4 .4 3    1 ,6 8 0 . 7 7     1,662.73         1 , 6 4 9 .0 7   1 ,6 9 8 .8 0   1 ,6 6 7 .1 0
G A IL                    3 7 6 .7 0            3 8 4 .0 7           3 8 0 .3 8      3 74.82            371.13            3 6 5 .5 7      3 7 8 .5 0      3 6 9 .2 5
G R A S IM             2 ,6 5 7 .6 0        2 ,7 1 4 .3 7        2 ,6 8 5 .9 8    2 ,6 4 6 . 5 7     2,618.18         2 , 5 7 8 .7 7   2 ,6 7 4 .9 5   2 ,6 0 7 .1 5
H C L TE C H              4 3 7 .9 0            4 4 6 .1 3           4 4 2 .0 2      4 36.78            432.67            4 2 7 .4 3      4 4 0 .9 0      4 3 1 .5 5
HDFC                      6 8 8 .9 0            6 9 8 .9 7           6 9 3 .9 3      6 86.97            681.93            6 7 4 .9 7      6 9 2 .0 0      6 8 0 .0 0
H D FC BA N K             4 9 7 .1 5            5 1 1 .0 8           5 0 4 .1 2      4 92.73            485.77            4 7 4 .3 8      4 9 9 .7 0      4 8 1 .3 5
H E RO M O T O C O     1 ,9 3 2 .1 5        1 ,9 9 3 .6 5        1 ,9 6 2 .9 0    1 ,9 1 4 . 2 5     1,883.50         1 , 8 3 4 .8 5   1 ,9 4 5 .0 0   1 ,8 6 5 .6 0
H IN D A L C O            1 5 3 .2 0            1 5 9 .9 0           1 5 6 .5 5      1 50.45            147.10            1 4 1 .0 0      1 5 3 .8 0      1 4 4 .3 5
H IN D U N IL V R         3 8 4 .7 5            3 9 1 .9 5           3 8 8 .3 5      3 82.75            379.15            3 7 3 .5 5      3 8 6 .3 5      3 7 7 .1 5
IC I C IB A N K           8 8 9 .9 0            9 2 5 .1 0           9 0 7 .5 0      8 92.75            875.15            8 6 0 .4 0      9 1 0 .3 5      8 7 8 .0 0
ID F C                    1 3 7 .9 5            1 4 3 .6 2           1 4 0 .7 8      1 36.07            133.23            1 2 8 .5 2      1 3 8 .9 0      1 3 1 .3 5
IN F Y                 2 ,7 4 2 .7 0        2 ,7 8 1 .1 3        2 ,7 6 1 .9 2    2 ,7 2 8 . 7 8     2,709.57         2 , 6 7 6 .4 3   2 ,7 4 8 .0 0   2 ,6 9 5 .6 5
IT C                      2 0 1 .6 0            2 0 4 .8 7           2 0 3 .2 3      2 01.77            200.13            1 9 8 .6 7      2 0 3 .4 0      2 0 0 .3 0
JI ND A L S TE L          5 7 6 .1 0            6 0 2 .3 3           5 8 9 .2 2      5 65.58            552.47            5 2 8 .8 3      5 7 8 .7 0      5 4 1 .9 5
JP A SS O C IA T            7 2 .8 0              7 6 .3 0             7 4 .5 5        71.50              69.75             6 6 .7 0        7 3 .2 5        6 8 .4 5
KO T A KBA N K            5 1 0 .9 5            5 2 4 .9 8           5 1 7 .9 7      5 04.98            497.97            4 8 4 .9 8      5 1 2 .0 0      4 9 2 .0 0
LT                     1 ,3 4 4 .7 0        1 ,3 8 2 .7 0        1 ,3 6 3 .7 0    1 ,3 2 8 . 8 5     1,309.85         1 , 2 7 5 .0 0   1 ,3 4 7 .8 5   1 ,2 9 4 .0 0
M &M                      6 8 8 .9 0            7 1 3 .9 7           7 0 1 .4 3      6 87.47            674.93            6 6 0 .9 7      7 0 0 .0 0      6 7 3 .5 0
M A R U TI             1 ,2 1 4 .8 0        1 ,2 5 2 .2 7        1 ,2 3 3 .5 3    1 ,2 0 8 . 2 7     1,189.53         1 , 1 6 4 .2 7   1 ,2 2 7 .0 0   1 ,1 8 3 .0 0
N T PC                    1 7 0 .8 5            1 7 5 .1 2           1 7 2 .9 8      1 71.52            169.38            1 6 7 .9 2      1 7 3 .6 5      1 7 0 .0 5
ONGC                      2 7 2 .4 5            2 7 8 .4 2           2 7 5 .4 3      2 72.22            269.23            2 6 6 .0 2      2 7 5 .2 0      2 6 9 .0 0
PNB                       9 5 5 .8 0            9 8 2 .4 7           9 6 9 .1 3      9 51.37            938.03            9 2 0 .2 7      9 6 4 .7 0      9 3 3 .6 0
P O W ER G R ID           1 0 2 .9 5            1 0 5 .0 8           1 0 4 .0 2      1 03.33            102.27            1 0 1 .5 8      1 0 4 .4 0      1 0 2 .6 5
R AN B A X Y              4 4 5 .0 0            4 5 6 .1 7           4 5 0 .5 8      4 46.42            440.83            4 3 6 .6 7      4 5 2 .0 0      4 4 2 .2 5
R CO M                    1 0 0 .4 0            1 0 3 .3 3           1 0 1 .8 7        99.98              98.52             9 6 .6 3      1 0 1 .4 5        9 8 .1 0
R EL IA N C E             8 3 1 .2 0            8 4 5 .0 7           8 3 8 .1 3      8 27.07            820.13            8 0 9 .0 7      8 3 4 .0 0      8 1 6 .0 0
R EL IN F R A             5 5 0 .3 0            5 6 5 .1 0           5 5 7 .7 0      5 45.30            537.90            5 2 5 .5 0      5 5 2 .7 0      5 3 2 .9 0
R PO W E R                1 0 1 .6 0            1 0 4 .9 3           1 0 3 .2 7      1 01.18              99.52             9 7 .4 3      1 0 2 .8 5        9 9 .1 0
S A IL                    1 0 4 .6 5            1 0 8 .8 5           1 0 6 .7 5      1 03.90            101.80              9 8 .9 5      1 0 6 .0 0      1 0 1 .0 5
S B IN                 2 ,0 7 7 .6 5        2 ,1 1 5 .4 2        2 ,0 9 6 .5 3    2 ,0 6 9 . 5 2     2,050.63         2 , 0 2 3 .6 2   2 ,0 8 8 .4 0   2 ,0 4 2 .5 0
S ES A G O A              2 2 2 .0 0            2 3 1 .3 3           2 2 6 .6 7      2 18.83            214.17            2 0 6 .3 3      2 2 3 .5 0      2 1 1 .0 0
S IE M E N S              7 3 1 .7 0            7 4 9 .2 3           7 4 0 .4 7      7 27.18            718.42            7 0 5 .1 3      7 3 5 .9 5      7 1 3 .9 0
S TE R                    1 1 9 .5 0            1 2 4 .7 3           1 2 2 .1 2      1 17.63            115.02            1 1 0 .5 3      1 2 0 .2 5      1 1 3 .1 5
S U N PH A R M A          5 4 9 .6 0            5 6 3 .1 3           5 5 6 .3 7      5 49.93            543.17            5 3 6 .7 3      5 5 6 .7 0      5 4 3 .5 0
T A TA M O TO R S         2 4 8 .4 0            2 5 6 .2 7           2 5 2 .3 3      2 47.87            243.93            2 3 9 .4 7      2 5 1 .8 0      2 4 3 .4 0
T A TA P O W ER           1 1 0 .1 5            1 1 5 .1 2           1 1 2 .6 3      1 08.32            105.83            1 0 1 .5 2      1 1 0 .8 0      1 0 4 .0 0
T A TA S TE E L           4 7 0 .9 5            4 8 8 .4 2           4 7 9 .6 8      4 65.27            456.53            4 4 2 .1 2      4 7 4 .0 0      4 5 0 .8 5
TCS                    1 ,1 2 8 .7 0        1 ,1 5 0 .7 3        1 ,1 3 9 .7 2    1 ,1 2 3 . 9 8     1,112.97         1 , 0 9 7 .2 3   1 ,1 3 5 .0 0   1 ,1 0 8 .2 5
W I PR O                  4 1 1 .8 5            4 1 6 .7 5           4 1 4 .3 0      4 12.15            409.70            4 0 7 .5 5      4 1 4 .6 0      4 1 0 .0 0




                                                                                    2
   CALL TRACKER
Issue Date   Buy / Sell   Stock         Call Type    Reco Price   Stop Loss   Target 1      LTP (Close Rate)   Diff %   Status   Remarks
23-01-2012      Sell      M aruti       Intraday      1,083.0     1,093.0         1,060.0       1,081.5         0.1     Closed   Part Booked @ 1070 & SL Triggered
23-01-2012      Buy       Apollo Tyre   Positional      64.5        63.0          71.0           70.3           9.0     Closed   Book profit
23-01-2012      Sell      Cairn          Intraday      341.2       343.5          335.0         341.0           0.0     Closed   Closed @ 341
23-01-2012      Buy       Bajaj Auto    Intraday      1,570.0     1,555.0         1,602.0       1,575.0         0.3     Closed   Closed @ 1575
24-01-2012      Buy       Sail          Positional      93.5        91.0          102.0         102.0           9.1     Closed   Book profit
24-01-2012      Buy       Union Bk       Intraday      206.6       204.5          212.0         212.0           2.6     Closed   Book profit
24-01-2012      Buy       IFCI          Intraday       26.6         26.0           27.8          27.2           2.3     Closed   Book profit
24-01-2012      Buy       Kotak Bk      Intraday       490.0       487.0           499.0         495.0          1.0     Closed   Book profit
24-01-2012      Sell      Nifty         Intraday      5,135.5     5,152.0         5,100.0       5,110.0         0.5     Closed   Book profit
24-01-2012      Buy       Bajaj Auto    Intraday      1,579.0     1,570.0         1,605.0       1,581.0         0.1     Closed   Closed @ 1581
24-01-2012      Buy       Pantaloon     Intraday       174.5       173.0          181.0         181.0           3.7     Closed   Book profit
24-01-2012      Buy       AuroPharma      BTST
                                                        SENSEX
                                                       102.0100.0                 106.0         104.8           2.7     Closed   Book profit
24-01-2012      Buy       M ax          Intraday       161.0       159.0          165.0         163.1           1.3     Closed   Book profit
24-01-2012      Buy       Exide           BTST         128.8       127.3          133.0         128.2           (0.5)   Closed   Closed @128.15
25-01-2012      Buy       M cdowell     Intraday       579.0       572.0          595.0         595.0            2.8    Closed   Book profit
25-01-2012      Buy       IFCI          Intraday       27.2         26.6           29.0          27.3           0.6     Closed   Closed @ 27.3
25-01-2012      Sell      Bank Nifty    Intraday      9,810.0     9,855.0         9,675.0       9,844.0         (0.3)   Closed   Closed @ 9844
25-01-2012      Buy       INFY          Intraday      2,637.0     2,625.0         2,662.0       2,662.0          0.9    Closed   Book profit
25-01-2012      Buy       JSW Steel     Positional     660.0       646.0          698.0         662.0           0.3     Open     Technical Call
25-01-2012      Buy       M aruti       Intraday      1,165.0     1,155.0         1,185.0       1,185.0         1.7     Closed   Book profit
25-01-2012      Buy       Yes Bk        Intraday       321.5       318.0          331.0         329.0           2.3     Closed   Book profit
25-01-2012      Buy       Escorts       Intraday        80.3        79.5          83.5           83.5           4.0     Closed   Book profit
25-01-2012      Buy       Ranbaxy       Intraday       470.0       467.0          476.0         474.8           1.0     Closed   Book profit
25-01-2012      Buy       Tata Steel    Intraday       442.5       438.0          452.0         446.8           1.0     Closed   Book profit
25-01-2012      Buy       M &M            BTST         685.5       681.0          698.0         698.0           1.8     Closed   Book profit
25-01-2012      Buy       PFC           Intraday       168.5       166.0          172.0         170.5           1.2     Closed   Book profit
27-01-2012      Sell      HDFC          Intraday       698.0       703.0          687.0         698.0            0.0    Closed   Closed @698
27-01-2012      Buy       Exide Ind.    Intraday       131.4       129.5          135.0         129.5           (1.4)   Closed   Stop Loss Trigg
27-01-2012      Buy       AMbuja Cem    Positional     163.0       159.0          171.0         163.0           0.0     Open     Technical Call
27-01-2012      Buy       Havells       Intraday       435.5       433.0          443.0         433.0           (0.6)   Closed   Stop Loss Trigg




                                                                              3
     CALL TRACKER & STRIKE RATE FOR THE WEEK ENDED 27th JANUARY 2011

Category                                 Month              Status            Diff %     Strike Rate    No. of calls
Technical                                January            Closed             47.4         76%             28
                                                            Open                0.3         57%             2
Technical Total                                                                47.7         74%             30




    MONTHLY CALL TRACKER & STRIKE RATE

Category                      Month                Status       Aggregate Returns %    Strike Rate     No.of Calls
Technical                      July                Closed              39.9               50%             174
                               August              Closed              88.1               49%             258
                             September             Closed              81.2               49%             231
                              October              Closed              62.2               49%             130
                             November              Closed              77.4               50%             152
                             December              Closed              45.2               50%             107
                              January              Closed             138.4               59%             135
                                                   Open                 0.3                                 2
Technical Total                                                       532.7                               1189




                                              4
Ms. Vaishnavi Jagtap              Analyst - Technical                         vaishnavi.jagtap@axissales.in              022-2425 2115




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