axisdirect-dt 31-01

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					                                                                                                               31 January 2012
DAILY TECHNICAL

   NIFTY OUTLOOK                                                  5087
The benchmark index commenced the week on a negative note. It opened                  NIFTY KEY STATS
with a down gap of 40 points and profit booking was seen throughout the               NIFTY TREND
day. Nifty closed near to the day's low at 5087 with 117 points loss.
                                                                                      13EMA                                                5019
On the daily chart, price action has formed a strong bear candle erasing almost       55EMA                                                4915
past three session gains. Nifty formed lower High-Low formation indicating            200EMA                                               5130
weakness in the near term. With previous session 2.30% loss, Nifty has
confirmed the Hanging Man – near term reversal pattern on a closing basis.
This changes the near term bias to negative. Nifty hasSENSEX resistance
                                                       also found the
around its 200 day SMA (5204) level. With previous session low, Nifty has
almost retraced 38.2% (5068) Fibonacci level of the recent upmove (4827-
5217). For the day, if Nifty trades below 5075 level, selling pressure is likely to
continue in the range of 5050–5010 levels. On the upside, intraday resistance
remains around 5115 -5140 levels.
                                                                                          BULLISH                - Clear uptrend seen.
The daily strength indicator RSI and the momentum indicator Stochastic have               MODERATELY BULLISH     - Some Strenth seen.
given a negative crossover from overbought region indicating further                      NEUTRAL                - No Clear trend Seen.
downsides in the coming sessions.                                                         BEARISH                - Clear Downtrend seen.
                                                                                          MODERATELY BEARISH     - Some Weakness seen.
The trend deciding level for the day is 5110, If NIFTY trades above this level
then we may witness a further rally up to 5145-5170-5230 levels. However, if
NIFTY trades below 5110 levels then we may see some profit booking to
initiate in market, it may correct up to 5055 – 5020-4965 levels.
Stocks to focus for intraday Long: Havells, Sun Pharma, COLPAL, Grasim
Stocks to focus for intraday Short: Hindalco, IDFC, Hexaware, Biocon, Maruti,
Aban
        Statistic:




                                                                         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 ,0 8 7 .3 0        5 ,1 9 9 .5 0        5 ,1 4 3 .0 5    5 ,1 1 0 . 0 5     5,053.95         5 , 0 2 0 .6 0   5 ,1 6 6 .1 5   5 ,0 7 6 .7 0
ACC                  1 ,1 7 0 .2 5        1 ,2 2 0 .0 8        1 ,1 9 5 .1 7    1 ,1 8 0 . 0 8     1,155.17         1 , 1 4 0 .0 8   1 ,2 0 5 .0 0   1 ,1 6 5 .0 0
A M B U JA C EM         1 6 0 .5 5            1 6 6 .1 8           1 6 3 .3 7      1 61.18            158.37            1 5 6 .1 8      1 6 4 .0 0      1 5 9 .0 0
A X I SB AN K        1 ,0 2 3 .4 5        1 ,0 8 9 .3 5        1 ,0 5 6 .4 0    1 ,0 3 6 . 8 5     1,003.90             9 8 4 .3 5   1 ,0 6 9 .8 0   1 ,0 1 7 .3 0
B AJ AJ -A UT O      1 ,5 5 0 .2 0        1 ,5 8 0 .6 7        1 ,5 6 5 .4 3    1 ,5 4 5 . 7 2     1,530.48         1 , 5 1 0 .7 7   1 ,5 6 0 .9 5   1 ,5 2 6 .0 0
B HA R TI A R TL        3 5 7 .1 5            3 8 0 .8 8           3 6 9 .0 2      3 62.03            350.17            3 4 3 .1 8      3 7 3 .9 0      3 5 5 .0 5
B HE L                  2 4 4 .1 5            2 6 5 .7 2           2 5 4 .9 3      2 48.22            237.43            2 3 0 .7 2      2 5 9 .0 0      2 4 1 .5 0
B PC L                  5 6 4 .4 0            5 9 2 .5 3           5 7 8 .4 7      5 65.43            551.37            5 3 8 .3 3      5 7 9 .5 0      5 5 2 .4 0
C A IR N                3 4 3 .1 0            3 5 5 .2 7           3 4 9 .1 8      3 44.72            338.63            3 3 4 .1 7      3 5 0 .8 0      3 4 0 .2 5
C IP L A                3 4 1 .4 5            3 5 1 .3 5           3 4 6 .4 0      3 43.05            338.10            3 3 4 .7 5      3 4 8 .0 0      3 3 9 .7 0
C O A L IN D IA         3 3 5 .6 5            3 4 4 .6 2           3 4 0 .1 3      3 36.52            332.03            3 2 8 .4 2      3 4 1 .0 0      3 3 2 .9 0
DLF                     2 0 5 .0 0            2 1 6 .2 0           2 1 0 .6 0      2 07.40            201.80            1 9 8 .6 0      2 1 3 .0 0      2 0 4 .2 0
D R R ED D Y         1 ,6 5 6 .1 0        1 ,6 8 4 .2 7        1 ,6 7 0 .1 8    1 ,6 4 8 . 2 2     1,634.13         1 , 6 1 2 .1 7   1 ,6 6 2 .3 0   1 ,6 2 6 .2 5
G A IL                  3 6 8 .8 0            3 8 3 .7 3           3 7 6 .2 7      3 71.43            363.97            3 5 9 .1 3      3 7 8 .9 0      3 6 6 .6 0
G R A S IM           2 ,5 8 5 .0 0        2 ,6 3 8 .9 7        2 ,6 1 1 .9 8    2 ,5 8 2 . 0 2     2,555.03         2 , 5 2 5 .0 7   2 ,6 0 9 .0 0   2 ,5 5 2 .0 5
H C L TE C H            4 2 9 .0 5            4 3 6 .9 8           4 3 3 .0 2      4 26.13            422.17            4 1 5 .2 8      4 3 0 .1 0      4 1 9 .2 5
HDFC                    6 8 8 .1 0            7 0 5 .7 7           6 9 6 .9 3      6 90.97            682.13            6 7 6 .1 7      6 9 9 .8 0      6 8 5 .0 0
H D FC BA N K           4 7 9 .0 5            4 8 8 .3 5           4 8 3 .7 0      4 78.35            473.70            4 6 8 .3 5      4 8 3 .0 0      4 7 3 .0 0
H E RO M O T O C O   1 ,8 2 4 .3 5        1 ,8 6 0 .0 5        1 ,8 4 2 .2 0    1 ,8 2 1 . 1 5     1,803.30         1 , 7 8 2 .2 5   1 ,8 3 9 .0 0   1 ,8 0 0 .1 0
H IN D A L C O          1 3 7 .5 5            1 4 6 .5 2           1 4 2 .0 3      1 39.52            135.03            1 3 2 .5 2      1 4 4 .0 0      1 3 7 .0 0
H IN D U N IL V R       3 8 2 .3 5            3 9 5 .3 2           3 8 8 .8 3      3 84.42            377.93            3 7 3 .5 2      3 9 0 .9 0      3 8 0 .0 0
IC I C IB A N K         8 5 2 .2 0            8 9 3 .7 3           8 7 2 .9 7      8 60.48            839.72            8 2 7 .2 3      8 8 1 .2 5      8 4 8 .0 0
ID F C                  1 2 5 .9 0            1 3 2 .1 7           1 2 9 .0 3      1 26.87            123.73            1 2 1 .5 7      1 3 0 .0 0      1 2 4 .7 0
IN F Y               2 ,7 1 2 .3 0        2 ,7 4 4 .3 7        2 ,7 2 8 .3 3    2 ,7 0 9 . 1 7     2,693.13         2 , 6 7 3 .9 7   2 ,7 2 5 .2 0   2 ,6 9 0 .0 0
IT C                    2 0 0 .8 5            2 0 5 .3 8           2 0 3 .1 2      2 01.38            199.12            1 9 7 .3 8      2 0 3 .6 5      1 9 9 .6 5
JI ND A L S TE L        5 3 2 .8 0            5 5 1 .2 7           5 4 2 .0 3      5 30.57            521.33            5 0 9 .8 7      5 3 9 .8 0      5 1 9 .1 0
JP A SS O C IA T          6 6 .2 0              7 1 .5 3             6 8 .8 7        67.33              64.67             6 3 .1 3        7 0 .0 0        6 5 .8 0
KO T A KBA N K          4 7 8 .4 0            5 0 1 .6 3           4 9 0 .0 2      4 82.53            470.92            4 6 3 .4 3      4 9 4 .1 5      4 7 5 .0 5
LT                   1 ,3 0 5 .3 0        1 ,4 0 2 .1 3        1 ,3 5 3 .7 2    1 ,3 2 5 . 1 3     1,276.72         1 , 2 4 8 .1 3   1 ,3 7 3 .5 5   1 ,2 9 6 .5 5
M &M                    6 6 5 .1 0            7 1 4 .3 7           6 8 9 .7 3      6 75.12            650.48            6 3 5 .8 7      6 9 9 .7 5      6 6 0 .5 0
M A R U TI           1 ,1 9 3 .3 0        1 ,2 4 2 .4 3        1 ,2 1 7 .8 7    1 ,2 0 1 . 4 3     1,176.87         1 , 1 6 0 .4 3   1 ,2 2 6 .0 0   1 ,1 8 5 .0 0
N T PC Statistic:       1 7 1 .7 5            1 7 6 .6 2           1 7 4 .1 8      1 72.47            170.03            1 6 8 .3 2      1 7 4 .9 0      1 7 0 .7 5
ONGC                    2 7 5 .8 0            2 8 6 .3 0           2 8 1 .0 5      2 77.55            272.30            2 6 8 .8 0      2 8 2 .8 0      2 7 4 .0 5
PNB                     9 5 5 .2 5            9 8 6 .9 2           9 7 1 .0 8      9 61.67            945.83            9 3 6 .4 2      9 7 7 .5 0      9 5 2 .2 5
P O W ER G R ID         1 0 1 .7 5            1 0 4 .4 2           1 0 3 .0 8      1 02.17            100.83              9 9 .9 2      1 0 3 .5 0      1 0 1 .2 5
R AN B A X Y            4 5 0 .6 5            4 6 7 .2 8           4 5 8 .9 7      4 45.63            437.32            4 2 3 .9 8      4 5 3 .9 5      4 3 2 .3 0
R CO M                    9 3 .0 0            1 0 1 .4 0             9 7 .2 0        94.25              90.05             8 7 .1 0        9 8 .4 5        9 1 .3 0
R EL IA N C E           7 9 4 .7 5            8 2 8 .5 8           8 1 1 .6 7      8 01.93            785.02            7 7 5 .2 8      8 1 8 .8 5      7 9 2 .2 0
R EL IN F R A           5 1 4 .8 0            5 5 5 .0 3           5 3 4 .9 2      5 20.88            500.77            4 8 6 .7 3      5 4 1 .0 0      5 0 6 .8 5
R PO W E R                9 6 .7 5            1 0 8 .2 5           1 0 2 .5 0        98.95              93.20             8 9 .6 5      1 0 4 .7 0        9 5 .4 0
S A IL                  1 0 0 .2 0            1 0 7 .3 0           1 0 3 .7 5      1 01.65              98.10             9 6 .0 0      1 0 5 .2 0        9 9 .5 5
S B IN               1 ,9 8 5 .2 5        2 ,0 9 3 .3 2        2 ,0 3 9 .2 8    2 ,0 0 4 . 7 2     1,950.68         1 , 9 1 6 .1 2   2 ,0 5 8 .7 5   1 ,9 7 0 .1 5
S ES A G O A            2 0 3 .7 5            2 2 7 .0 5           2 1 5 .4 0      2 07.35            195.70            1 8 7 .6 5      2 1 9 .0 0      1 9 9 .3 0
S IE M E N S            7 4 1 .3 0            7 6 4 .6 3           7 5 2 .9 7      7 44.23            732.57            7 2 3 .8 3      7 5 5 .9 0      7 3 5 .5 0
S TE R                  1 1 2 .6 5            1 2 1 .7 2           1 1 7 .1 8      1 14.62            110.08            1 0 7 .5 2      1 1 9 .1 5      1 1 2 .0 5
S U N PH A R M A        5 3 3 .6 0            5 5 3 .2 0           5 4 3 .4 0      5 33.95            524.15            5 1 4 .7 0      5 4 3 .7 5      5 2 4 .5 0
T A TA M O TO R S       2 3 3 .9 0            2 4 1 .9 7           2 3 7 .9 3      2 34.67            230.63            2 2 7 .3 7      2 3 8 .7 0      2 3 1 .4 0
T A TA P O W ER         1 0 3 .0 5            1 0 7 .5 2           1 0 5 .2 8      1 03.72            101.48              9 9 .9 2      1 0 5 .9 5      1 0 2 .1 5
T A TA S TE E L         4 4 2 .3 0            4 6 4 .6 3           4 5 3 .4 7      4 45.23            434.07            4 2 5 .8 3      4 5 6 .4 0      4 3 7 .0 0
TCS                  1 ,1 1 1 .7 5        1 ,1 2 8 .6 8        1 ,1 2 0 .2 2    1 ,1 1 0 . 4 8     1,102.02         1 , 0 9 2 .2 8   1 ,1 1 8 .9 5   1 ,1 0 0 .7 5
W I PR O                4 0 9 .8 0            4 2 7 .2 7           4 1 8 .5 3      4 13.27            404.53            3 9 9 .2 7      4 2 2 .0 0      4 0 8 .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
                                                        SENSEX
                                                       174.5 173.0                181.0         181.0           3.7     Closed   Book profit
24-01-2012      Buy       AuroPharma      BTST         102.0       100.0          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




        Statistic:




                                                                              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




                               SENSEX
    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
            Statistic:           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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                                                                      5

				
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