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					Money Trend                                                                       10 February 2012                               Aditya Birla Money


 S&P CNX Nifty                                                                                                                                                         CMP 5412
                                                                                                                            hR
Daily Chart                                                                                                         Synopsis
                                                                                                                      NIFTY opened on a weak note however holding the support
                                                                                                                       level of 5322 bounced back and closed with a gain of 44
                                                                                                                       points last session.

                                                                                                                      With this prices have breached the recent high of 5413 while
                                                                                                                       the oscillators RSI (14) and MACD (12/26/9) are again
                                                                                                                       regaining momentum on the hourly charts.

                                                                                                                      This would negate the possibility of weakness expected in the
                                                                                                                       previous reports and continue to keep the near-term
                                                                                                                       sentiments positive.

                                                                                                                      On the upside, 5435 and then 5470 act as immediate
                                                                                                                       resistance levels.

                                                                                                                      Only a convincing close below the support at 5322 will stall the
                                                                                                                       last few weeks up trend and invite a notable downside
                                                                                                                       correction in prices.

          Close                              R1                            R2                          R3                       S1                    S2                   S3
           5412                              5435                      5470                            5500                    5390                  5360                 5322
                Momentum                                             Moving Average                                                   Outlook and Strategy
14 Days RSI                          75                  21 EMA                            5156          For the day support is seen near 5396/5376 zone. Index is likely to trade
                                                                                                         positive towards the resistance at 5435 and then 5470.
MACD 12, 26, 9                       134                 55 EMA                            5017

Stochastic (5,3,3)                   78                  200 EMA                           5145




 Bank Nifty Futures                                                                                                                                                  CMP 10588

Daily Chart                                                                                                         Synopsis

11000                                                                                                    11000
                                                                                                                      With the support at 10208 holding, Bank NIFTY continued its
                                                                                                                       upward journey edging higher towards 10600 levels.
10500                                                                                                    10500

10000                                                                                                    10000        With the index closing near day highs forming a Bullish Belt
                                                                                                                       Hold pattern, further up move could be seen today towards
 9500                                                                                                       9500
                                                                                                                       10700/10800 levels.
 9000                                                                                                       9000

                                                                                                                      On the lower side earlier resistance at 10445 is now likely to
 8500                                                                                                       8500
                                                                                                                       serve as strong support in case of any corrective dips.
 8000                                                                                                       8000
                                                                                                                      Daily momentum has given a fresh positive crossover after
  100
                                                                                                                       cooling off from the highs (last 3 days consolidation). Weekly
                                                                                                              100
   90                                                                                                                  momentum too is rising; with convergence in momentum in
   80
   70                                                                                                                  two time frames, the index is likely to trade with a strong
   60
   50                                                                         positive                         50      positive bias.
   40                                                                         crossover
   30
   20
   10
        31   8         21   28     5  12      19    26   2      9     16    23   30   6     13    20
         Novem ber               Decem ber               2012                      February


          Close                            R1                          R2                          R3                         S1                    S2                     S3
         10588                           10700                        10800                       10900                     10455                  10350                 10230

               Momentum                                             Moving Average                                                    Outlook and Strategy
14 Days RSI                         79               21 EMA                               9728          Bank Nifty appears to be positive and is likely to edge higher towards
                                                                                                        10700-10800 levels.
MACD 12, 26, 9                      419              55 EMA                               9290

Stochastic (5,3,3)                  90               200 EMA                              9717




                                                                       Aditya Birla Money Limited
              2nd   Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400

                                                                                           Page No: 1
 Money Trend                                                    10 February 2012                    Aditya Birla Money



 PIVOT POINTS – Cash levels 
Scrip Name          Close      RB2         RB1       PP       SB1     SB2         Scrip Name       Close     RB2      RB1      PP      SB1      SB2

NIFTY                5412      5508        5444     5392     5339     5275        BRFL              269      280      273      268      262     255

BANKNIFTY           10508      10826      10613     10440    10268    10055       CAIRN             382      394      387      381      376     369

CNXIT                6493      6705        6559     6441     6322     6176        CANBK             526      551      535      521      508     491

ABAN                 525        549        537       527      518      506        CENTURYTEX        317      331      322      314      307     298

ABB                  870        890        879       871      862      851        CESC              279      291      285      280      275     269

ABGSHIP              413        424        418       414      409      404        CHAMBLFERT        91       97       94       92       89       86

ABIRLANUVO           852        874        861       850      839      826        CHENNPETRO        177      186      180      175      170     165

ACC                  1389      1426        1404     1386     1368     1347        CIPLA             352      361      356      353      349     345

ADANIENT             392        447        419       395      372      343        COLPAL           1005     1056     1031     1011      990     965

ADANIPOWER            71        75          73       71       69       67         CONCOR            945      994      963      938      913     881

ALBK                 181        189        184       179      175      170        COREEDUTEC        277      288      283      278      274     268

AMBUJACEM            178        186        182       179      175      171        CROMPGREAV        148      154      150      147      143     140

ANDHRABANK           116        120        117       115      112      110        CUMMINSIND        431      444      436      430      424     417

APIL                 380        398        387       379      371      360        DABUR             98       102      100      99       97       96

APOLLOTYRE            76        80          77       74       72       69         DCHL              49       53        51      48       46       43

AREVAT&D             185        195        188       183      177      171        DENABANK          85       93       88       84       80       75

ASHOKLEY              27        29          27       26       25       24         DISHTV            64       68       65       63       61       59

ASIANPAINT           3058      3160        3089     3032     2974     2903        DIVISLAB          767      796      783      772      761     747

AUROPHARMA           117        124        121       117      114      111        DLF               233      248      240      234      227     219

AXISBANK             1135      1177        1149     1128     1106     1078        DRREDDY          1639     1679     1653     1631     1610     1583

BAJAJ-AUTO           1702      1781        1727     1683     1639     1585        EDUCOMP           257      271      262      255      247     238

BAJAJHIND             36        37          36       36       35       34         EKC               45       51       47       43       39       35

BALRAMCHIN            50        52          51       50       49       48         ESSAROIL          68       75       71       67       64       60

BANKBARODA           806        824        813       805      796      785        EXIDEIND          137      146      140      135      131     125

BANKINDIA            369        381        374       369      363      357        FEDERALBNK        415      425      419      414      410     404

BEL                  1545      1622        1585     1555     1525     1488        FINANTECH         813      874      834      802      770     730

BEML                 571        600        581       565      550      531        FORTIS            108      115      111      108      106     102

BGRENERGY            257        270        261       254      247      238        FSL                9       10       10        9        9       9

BHARATFORG           312        320        315       310      306      300        GAIL              389      403      396      390      384     376

BHARTIARTL           350        363        355       349      344      336        GESHIP            254      263      258      253      248     242

BHEL                 262        270        266       263      259      255        GLAXO            2039     2073     2054     2038     2023     2004

BHUSANSTL            397        448        413       385      357      322        GMDCLTD           178      182      180      177      175     173

BIOCON               287        300        292       285      278      269        GMRINFRA          31       32       31       31       30       29

BOSCHLTD             7387      7518        7445     7387     7329     7257        GODREJIND         205      215      209      203      198     192

BPCL                 599        635        612       593      573      550        GRASIM           2826     2945     2886     2837     2789     2729


PP= Pivot Point        RB1= Fibonacci Resistance 1 RB2=Fibonacci resistance 2       SB1= Fibonacci support 1       SB2= Fibonacci support 2
How to trade Pivot points: If stock opens above Pivot point then go LONG, and keep SB1 as the stop loss for a possible target of RB1 / RB2.
                              If stock opens below Pivot point then go SHORT and keep RB1 as the stop loss for a possible target of SB1 / SB2



                                                           Aditya Birla Money Limited
             2nd   Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400

                                                                     Page No: 2
 Money Trend                                                    10 February 2012                     Aditya Birla Money


Scrip Name          Close       RB2        RB1       PP       SB1     SB2         Scrip Name         Close    RB2         RB1      PP     SB1     SB2

GSPL                  84        88          86       85       83       81         JINDALSTEL          603     636         614     595      577    555

GTL                   49        52          51       49       48       46         JINDALSWHL         1042    1201         1094    1007     921    814

GTLINFRA              12        13          12       12       12       11         JISLJALEQS          98      102         100      99      97      96

GTOFFSHORE           108        115        110       106      102      97         JPASSOCIAT          79          82       80      78      76      74

GVKPIL                17        18          17       17       17       16         JPPOWER             46          49       48      46      45      43

HCC                   27        31          28       26       24       21         JSWSTEEL            821     905         848     801      755    698

HCLTECH              463        479        471       465      459      451        KFA                 28          31       30      28      27      25

HDFC                 697        710        702       695      688      680        KOTAKBANK           551     582         561     545      528    508

HDFCBANK             523        546        531       518      506      490        KSOILS               8          9        8       7        6      6

HDIL                  98        108        101       96       90       83         LICHSGFIN           267     275         270     266      262    257

HEROMOTOCO           1994      2089        2040     2000     1960     1911        LITL                17          17       17      16      16      15

HEXAWARE             106        111        108       106      104      101        LT                 1355    1399         1375    1356    1336    1312

HINDALCO             159        175        165       157      148      138        LUPIN               472     504         489     477      464    449

HINDPETRO            288        399        338       289      240      179        M&M                 702     732         712     697      682    662

HINDUNILVR           393        404        397       391      385      378        MARUTI             1270    1301         1283    1268    1253    1235

HINDZINC             146        155        149       144      139      133        MCDOWELL-N          686     727         708     692      676    657

HOTELEELA             39        45          41       38       35       31         MCLEODRUSS          197     207         201     196      191    184

IBREALEST             77        83          79       75       72       68         MERCATOR            30          31       31      30      30      29

ICICIBANK            940        976        952       933      913      889        MPHASIS             373     391         380     372      364    354

ICSA                  30        33          31       30       29       27         MRPL                69          72       70      69      67      65

IDBI                 105        109        106       105      103      101        MTNL                29          30       30      29      28      28

IDEA                  93        98          95       92       89       85         ADANIPORTS          138     147         142     138      134    129

IDFC                 138        143        140       137      134      131        NCC                 54          58       55      53      51      49

IFCI                  36        39          37       36       34       32         NATIONALUM          63          69       65      61      58      53

INDHOTEL              74        78          75       73       70       67         NEYVELILIG          96      101          97      95      92      89

INDIACEM              96        100         97       95       93       90         NHPC                21          21       21      21      21      20

INDIAINFO             65        71          68       66       63       60         NOIDATOLL           23          23       23      23      22      22

INDIANB              242        287        265       248      231      209        NTPC                180     185         182     179      176    173

INFY                 2810      2913        2844     2788     2732     2663        OFSS               2150    2234         2192    2158    2124    2082

IOB                  100        105        102       99       97       94         ONGC                281     291         285     280      275    269

IOC                  272        277        274       271      269      266        ONMOBILE            77          81       78      77      75      72

JSWISPAT              15        16          15       15       15       14         OPTOCIRCUI          270     278         274     270      266    262

ITC                  204        208        205       204      202      200        ORBITCORP           51          54       52      50      48      46

IVRCLINFRA            59        65          61       58       54       50

JINDALSAW            140        150        144       139      135      129


PP= Pivot Point        RB1= Fibonacci Resistance 1 RB2=Fibonacci resistance 2          SB1= Fibonacci support 1        SB2= Fibonacci support 2
How to trade Pivot points: If stock opens above Pivot point then go LONG, and keep SB1 as the stop loss for a possible target of RB1 / RB2.
                              If stock opens below Pivot point then go SHORT and keep RB1 as the stop loss for a possible target of SB1 / SB2

                                                           Aditya Birla Money Limited
             2nd   Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400

                                                                     Page No: 3
 Money Trend                                                    10 February 2012                    Aditya Birla Money


Scrip Name          Close      RB2        RB1        PP      SB1      SB2         Scrip Name       Close    RB2      RB1       PP      SB1      SB2

ORCHIDCHEM           170       179         174      169       165     160         SRTRANSFIN        569      627      598      574      551     522

ORIENTBANK           298       308         302      297       292     286         STER              130      141      134      128      122     114

PANTALOONR           196       215         203      193       184     172         STERLINBIO        13       14       14       13       13       12

PATELENG             113       122         116      112       107     101         SUNPHARMA         543      569      556      546      536     524

PATNI                471       482         475      470       465     459         SUNTV             330      360      340      323      306     286

PETRONET             171       178         174      171       168     164         SUZLON            31       34       32       31       29       27

PFC                  201       222         208      197       186     172         SYNDIBANK         111      115      112      111      109     106

PIRHEALTH            427       460         437      419       401     378         TATACHEM          352      364      357      351      345     337

PNB                 1001       1030       1010      994       978     959         TATACOMM          224      231      227      224      221     218

POLARIS              157       167         162      159       155     150         TATAGLOBAL        123      135      128      122      116     109

POWERGRID            109       113         111      109       107     105         TATAMOTORS        257      269      261      255      249     241

PRAJIND              86         90         87        85       83       81         TATAPOWER         111      119      114      110      107     102

PTC                  55         57         56        55       54       52         TATASTEEL         452      469      458      449      440     429

PUNJLLOYD            59         63         61        58       56       53         TCS              1229     1277     1243     1216     1189     1155

RANBAXY              452       461         457      453       449     444         TECHM             659      692      670      652      634     612

RCOM                 95        100         97        94       92       89         TITAN             211      217      213      210      207     203

RECLTD               233       254         240      228       217     203         TRIVENI           19       20       20       19       19       18

RELCAPITAL           425       447         432      420       408     394         TTML              16       17       17       16       16       15

RELIANCE             854       876         863      852       841     828         TULIP             115      122      117      113      109     105

RELINFRA             593       613         601      592       582     570         UCOBANK           77       81       79       76       74       71

RENUKA               40         41         40        40       39       38         UNIONBANK         254      276      261      249      237     222

ROLTA                87         91         88        85       83       79         UNIPHOS           151      155      152      150      148     145

RPOWER               107       114         109      105       101      96         UNITECH           30       33       31       30       28       26

RUCHISOYA            98        102         100       98       96       94         VIDEOIND          175      179      177      175      173     170

SAIL                 109       115         111      107       104     100         VIJAYABANK        60       63       61       60       59      58

SIMPLEX              86         90         88        86       84       82         VOLTAS            101      107      103      100      97       93

SBIN                2184       2225       2199      2178     2157     2130        WELCORP           131      140      134      129      124     118

SCI                  71         76         73        71       69       66         WIPRO             446      468      453      441      428     413

SESAGOA              229       239         233      228       223     217         YESBANK           346      366      352      341      330     316

SIEMENS              801       827         809      795       781     763         ZEEL              128      137      132      129      125     121

SINTEX               96        103         98        95       91       86

SOBHA                275       292         281      273       264     254




PP= Pivot Point        RB1= Fibonacci Resistance 1 RB2=Fibonacci resistance 2        SB1= Fibonacci support 1      SB2= Fibonacci support 2
How to trade Pivot points: If stock opens above Pivot point then go LONG, and keep SB1 as the stop loss for a possible target of RB1 / RB2.
                              If stock opens below Pivot point then go SHORT and keep RB1 as the stop loss for a possible target of SB1 / SB2



                                                           Aditya Birla Money Limited
             2nd   Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400

                                                                     Page No: 4
 Money Trend                                                      10 February 2012                    Aditya Birla Money



                                                                       Research Team
                              Vivek Mahajan                                               Hemant Thukral
                              Head of Research                                            Head – Derivatives Desk
                              022-42333522                                                022-42333483
                              vivek.mahajan@adityabirla.com                               hemant.thukral@adityabirla.com


 Fundamental Team
 Avinash Nahata                  Head of Fundamental Desk                    022-42333459               avinash.nahata@adityabirla.com
 Akhil Jain                      Metals & Mining                             022-42333540               akhil.jain@adityabirla.com
 Sunny Agrawal                   FMCG/Cement                                 022-42333458               sunny.agrawal@adityabirla.com
 Sumit Jatia                     Banking & Finance                           022-42333460               sumit.jatia@adityabirla.com
 Shreyans Mehta                  Construction/Real Estate                    022-42333544               shreyans.m@adityabirla.com
 Dinesh Kumar                    Information Technology/Auto                 022-42333531               dinesh.kumar.k@adityabirla.com
 Pradeep Parkar                  Database/Production                         022-42333597               pradeep.parkar@adityabirla.com

 Quantitative Team
 Rizwan Khan, CMT                Technical and Derivative Strategist         022-42333454               rizwan.khan@adityabirla.com
 Jyoti Nangrani, CMT             Sr. Technical Analyst                       022-42333454               jyoti.nangrani@adityabirla.com
 Raghuram                        Technical Analyst                           022-42333537               raghuram.p@adityabirla.com
 Rahul Tendolkar                 Derivatives Analyst                         022-42333532               rahul.tendolkar@adityabirla.com
 Amit Somani                     Derivative Analyst                          022-42333532               Amit.somani@adityabirla.com

 Advisory Support
 Indranil Dutta                  Advisory Desk – HNI                         022-42333494               indranil.dutta@adityabirla.com
 Suresh Gardas                   Advisory Desk                               022-30442101               suresh.gardas@adityabirla.com
 Sandeep Pandey                  Advisory Desk                               022-30442104               sandeep.pandey@adityabirla.com




ABML research is also accessible in Bloomberg at ABMR




                                                            Aditya Birla Money Limited
               2nd   Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400

                                                                        Page No: 5
Money Trend                                                  10 February 2012                    Aditya Birla Money




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                                                      Aditya Birla Money Limited
          2nd   Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400

                                                                  Page No: 6

				
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