Money Trend - 010312_12_0103120934

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					Money Trend                                                                                     01 March 2012                            Aditya Birla Money


 S&P CNX Nifty                                                                                                                                                                  CMP 5385
                                                                                                                                    hR
Daily Chart                                                                                                                 Synopsis
 5700                                                                                                                5700     With Nifty failing to sustain above the big bearish candle high
 5600                                                                                                                5600      at 5450, selling pressure crept in pushing prices lower towards
 5500                                                                                                                5500      5350.
 5400                                                                                                                5400

 5300                                                                                                                5300     Post the sharp fall of 6% in Nifty from the recent highs of 5629,
 5200
                                                                             38.2%
                                                                                                                     5200
                                                                                                                               the index is likely to consolidate in a range bound manner
                                                                                                                               between 5550 and 5250.
 5100                                                                        50.0%                                   5100

 5000                                                                                                                5000
                                                                                                                              For the day, as long as resistance at 5410 holds, the index
 4900                                                                                                                4900      could edge 5300- 5280.
 4800                                                                                                                4800

 4700                                                                                                                4700     While on the higher side a breach above 5410 would lead to
                                                                                                                               the index once again testing 5450-5480 levels.
 4600                                                                                                                4600

 4500                                                                                                                4500     Daily momentum though at oversold zone is yet to give a
                                                                                                                               positive crossover while the weekly momentum continues to
                                                                                                                               be negative. Thus the index is likely to face selling pressure on
                                                                                                                       50
   50                                                                                                                          any rallies.

        8     5   12        19     26   2       9        16    23   30      6       13   21   27     5     12
            December                    2012                             February                  March

             Close                                  R1                              R2                          R3                      S1                    S2                    S3
              5385                              5420                            5450                        5500                       5350                  5300                  5268
                     Momentum                                               Moving Average                                                    Outlook and Strategy
14 Days RSI                               54                   21 EMA                              5355           Nifty is likely to trade in a choppy manner consolidating between 5450
                                                                                                                  and 5250.
MACD 12, 26, 9                            83                   55 EMA                              5178

Stochastic (5,3,3)                        23                   200 EMA                             5184




 Bank Nifty Futures                                                                                                                                                           CMP 10529

Daily Chart                                                                                                                 Synopsis
11500                                                                                                             11500

11000                                                                                                             11000       Post positive opening, Bank Nifty failed to breach past the
10500                                                                                                             10500
                                                                                                                               advocated resistance at 10850 and thus fell lower towards
                                                                                                                               10438.
10000                                                                                                             10000

 9500                                                                                                                9500     For the day, as long as resistance as 10580 holds, the index is
                                                                                                                               likely to trade with a negative bias and could test 10300 levels.
 9000                                                                                                                9000


 8500                                                                                                                8500
                                                                                                                              On the other hand a breach above 10580 would lead to the
                                                                                                                               index edging higher towards 10850 levels.
 8000                                                                                                                8000
                                                                                                                              Daily momentum though at oversold zone is yet to give a
  100
                                                                                                                               positive crossover while the weekly momentum continues to
                                                                                                                      100
   90                                                                                                                  90      be negative. Thus the index is likely to face selling pressure on
   80                                                                                                                  80
   70                                                                                                                  70      any rallies.
   60                                                                                                                  60
   50                                                                                                                  50
   40                                                                                                                  40
   30                                                                                                                  30
   20                                                                                                                  20
   10                                                                                                                  10

        31  8          21    28    5   12  19    26      2    9     16    23 30   6    13     21 27    5    12
         Novem ber                December               2012                  February               March

        Ty Close                                R1                              R2                          R3                        S1                     S2                     S3
             10529                             10580                          10660                        10780                     10438                 10300                  10200

                  Momentum                                                Moving Average                                                      Outlook and Strategy
14 Days RSI                              55                   21 EMA                          10406              Bank Nifty is likely to trade in a volatile manner between 10850 and 10550.

MACD 12, 26, 9                           283                  55 EMA                           9822

Stochastic (5,3,3)                       28                   200 EMA                          9842




                                                                                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                                                         01 March 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                5385      5546        5465     5399     5333     5251        BRFL              271      291      278      268      258     245

BANKNIFTY           10414      10925      10676     10474    10272    10023       CAIRN             369      380      373      367      362     355

CNXIT                6607      6728        6657     6600     6543     6472        CANBK             511      549      529      512      496     476

ABAN                 495        525        509       495      481      465        CENTURYTEX        317      336      324      313      303     290

ABB                  810        871        843       821      798      770        CESC              270      280      274      269      265     259

ABGSHIP              410        423        415       408      402      394        CHAMBLFERT        88       96       91       88       85       81

ABIRLANUVO           880        908        891       877      863      846        CHENNPETRO        173      180      176      174      171     168

ACC                  1306      1344        1323     1306     1290     1269        CIPLA             317      333      326      320      313     306

ADANIENT             375        390        382       375      368      360        COLPAL           1049     1108     1080     1057     1034     1006

ADANIPOWER            76        84          80       77       74       70         CONCOR            973     1034     1005      982      958     929

ALBK                 195        206        199       194      189      182        COREEDUTEC        271      283      277      272      267     262

AMBUJACEM            161        174        168       162      157      151        CROMPGREAV        143      156      150      145      140     134

ANDHRABANK           131        143        134       128      121      113        CUMMINSIND        466      485      474      465      457     446

APIL                 378        395        386       378      370      361        DABUR             104      106      105      104      103     102

APOLLOTYRE            85        91          87       85       82       79         DCHL              44       48        46      44       42       40

AREVAT&D             191        203        196       192      187      180        DENABANK          89       95       91       88       85       81

ASHOKLEY              28        29          29       28       28       27         DISHTV            54       61       58       55       53       49

ASIANPAINT           3171      3252        3207     3171     3134     3089        DIVISLAB          728      757      742      731      719     704

AUROPHARMA           112        124        118       113      108      101        DLF               227      240      233      228      222     215

AXISBANK             1178      1251        1213     1183     1152     1114        DRREDDY          1643     1696     1666     1641     1616     1586

BAJAJ-AUTO           1802      1901        1849     1807     1764     1712        EDUCOMP           212      225      218      212      206     199

BAJAJHIND             34        36          35       34       32       31         EKC               38       42       40       39       37       35

BALRAMCHIN            52        54          53       51       50       49         ESSAROIL          61       68       65       62       59       56

BANKBARODA           804        855        830       809      788      763        EXIDEIND          135      145      140      136      133     128

BANKINDIA            372        401        386       373      361      345        FEDERALBNK        406      463      435      413      391     364

BEL                  1618      1717        1657     1609     1560     1500        FINANTECH         827     1031      894      782      671     533

BEML                 666        700        681       665      650      630        FORTIS            109      114      111      109      107     104

BGRENERGY            369        403        379       360      341      317        FSL               13       14       13       13       12       11

BHARATFORG           308        326        318       311      304      295        GAIL              375      387      380      375      369     362

BHARTIARTL           350        361        354       349      343      336        GESHIP            241      255      247      240      233     225

BHEL                 307        339        324       312      300      285        GLAXO            2075     2118     2097     2080     2062     2041

BHUSANSTL            396        407        401       395      390      384        GMDCLTD           205      224      214      206      197     187

BIOCON               276        287        281       276      270      264        GMRINFRA          29       30       29       28       28       26

BOSCHLTD             7732      8194        7983     7812     7640     7429        GODREJIND         253      277      265      256      246     234

BPCL                 662        683        671       662      653      642        GRASIM           2772     2829     2796     2770     2743     2711


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                                                        01 March 2012                    Aditya Birla Money


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

GSPL                  77        81          79       78       76       74         JINDALSTEL          583     644         614     589      565    534

GTL                   51        56          54       52       50       48         JINDALSWHL          875     942         900     866      832    790

GTLINFRA              12        13          13       12       12       11         JISLJALEQS          107     113         110     107      105    101

GTOFFSHORE           110        120        115       111      106      101        JPASSOCIAT          76          82       79      76      73      69

GVKPIL                18        20          19       18       17       16         JPPOWER             44          48       46      44      43      41

HCC                   29        32          30       28       27       25         JSWSTEEL            809     853         826     805      783    757

HCLTECH              485        490        487       484      482      479        KFA                 25          26       25      25      24      23

HDFC                 663        694        679       668      656      642        KOTAKBANK           548     586         567     552      536    518

HDFCBANK             517        560        540       523      507      487        KSOILS               8          9        8       8        8      7

HDIL                 114        126        120       115      110      104        LICHSGFIN           260     273         265     259      253    245

HEROMOTOCO           1946      2081        2016     1964     1911     1846        LITL                21          24       22      21      20      18

HEXAWARE             122        131        125       120      115      109        LT                 1308    1441         1379    1328    1277    1215

HINDALCO             149        158        153       148      144      139        LUPIN               481     504         492     482      473    461

HINDPETRO            314        330        319       310      301      290        M&M                 710     746         723     706      688    666

HINDUNILVR           380        393        387       382      377      371        MARUTI             1255    1335         1294    1262    1229    1189

HINDZINC             145        155        149       143      138      132        MCDOWELL-N          573     641         608     582      556    523

HOTELEELA             35        37          36       35       34       33         MCLEODRUSS          232     254         243     235      226    215

IBREALEST             75        81          78       75       72       69         MERCATOR            29          31       30      29      28      26

ICICIBANK            906        943        924       909      893      875        MPHASIS             433     458         443     431      418    403

ICSA                  26        27          27       26       25       25         MRPL                71          75       73      71      69      67

IDBI                 108        121        115       109      104      98         MTNL                32          35       33      32      31      30

IDEA                  95        99          97       94       92       89         ADANIPORTS          149     158         153     149      144    139

IDFC                 141        151        146       142      138      133        NCC                 60          65       62      59      55      52

IFCI                  44        49          46       44       42       40         NATIONALUM          61          68       64      61      58      54

INDHOTEL              69        74          71       70       68       66         NEYVELILIG          91          99       94      91      88      83

INDIACEM             101        107        103       100      96       92         NHPC                21          22       22      21      21      21

INDIAINFO             70        77          74       71       68       64         NOIDATOLL           23          24       23      23      22      22

INDIANB              241        257        248       241      234      225        NTPC                181     187         184     181      179    176

INFY                 2883      2946        2912     2885     2858     2825        OFSS               2646    2800         2721    2657    2592    2513

IOB                  102        109        105       102      99       96         ONGC                293     304         299     294      290    285

IOC                  284        294        287       282      276      269        ONMOBILE            71          75       73      71      70      67

JSWISPAT              15        16          15       14       14       13         OPTOCIRCUI          272     294         282     272      263    251

ITC                  208        218        213       209      205      200        ORBITCORP           59          65       62      59      57      54

IVRCLINFRA            57        61          58       56       53       50

JINDALSAW            162        179        169       162      154      145


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                                                        01 March 2012                   Aditya Birla Money


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

ORCHIDCHEM           189       200         194      188       183     176         SRTRANSFIN        548      627      589      558      527     489

ORIENTBANK           281       300         290      282       275     265         STER              125      129      126      124      122     119

PANTALOONR           189       208         195      184       173     159         STERLINBIO        13       13       13       13       12       12

PATELENG             109       120         114      110       105     100         SUNPHARMA         550      581      566      554      542     527

PATNI                479       499         489      481       473     464         SUNTV             311      325      318      313      307     301

PETRONET             169       174         171      168       165     162         SUZLON            27       29       28       27       26       24

PFC                  199       209         203      198       193     187         SYNDIBANK         110      120      115      111      106     101

PIRHEALTH            453       467         458      450       442     432         TATACHEM          362      380      369      360      351     341

PNB                  953       1010        983      960       938     911         TATACOMM          234      241      237      234      231     228

POLARIS              161       171         165      160       156     150         TATAGLOBAL        126      135      130      125      121     116

POWERGRID            113       116         114      113       112     110         TATAMOTORS        271      288      279      272      265     256

PRAJIND              81         87         84        81       78       75         TATAPOWER         115      122      118      115      112     109

PTC                  60         64         61        59       57       55         TATASTEEL         473      491      479      469      459     447

PUNJLLOYD            57         61         59        57       55       53         TCS              1222     1263     1242     1225     1208     1186

RANBAXY              429       454         441      431       420     407         TECHM             601      633      616      602      589     572

RCOM                 95        102         98        94       91       87         TITAN             228      243      236      229      223     215

RECLTD               216       229         222      216       209     202         TRIVENI           19       20       19       19       18       17

RELCAPITAL           404       446         424      406       388     366         TTML              16       17       16       16       15       15

RELIANCE             821       850         832      818       803     785         TULIP             100      108      104      101      98      95

RELINFRA             594       660         627      601       575     542         UCOBANK           82       88       84       82       79       75

RENUKA               38         40         39        37       36       35         UNIONBANK         233      276      255      239      222     202

ROLTA                105       114         108      103       98       92         UNIPHOS           156      165      159      154      149     142

RPOWER               119       130         124      120       115     109         UNITECH           32       35       34       32       31       30

RUCHISOYA            93         94         93        93       92       91         VIDEOIND          186      198      192      187      182     176

SAIL                 103       108         105      103       100      97         VIJAYABANK        61       65       63       61       59       57

SIMPLEX              92         97         95        93       90       88         VOLTAS            110      122      116      111      106     101

SBIN                2248       2341       2292      2253     2213     2164        WELCORP           147      159      150      143      136     128

SCI                  70         74         72        70       68       66         WIPRO             432      451      439      430      421     409

SESAGOA              214       225         218      212       207     200         YESBANK           345      369      357      347      337     325

SIEMENS              796       850         824      803       782     757         ZEEL              127      134      130      126      123     119

SINTEX               86         95         90        86       82       78

SOBHA                284       302         293      286       278     269




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                                                            01 March 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                                                      01 March 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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