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					Money Trend                                                                                        14 March 2012                          Aditya Birla Money


 S&P CNX Nifty                                                                                                                                                                   CMP 5430
                                                                                                                                     hR
Daily Chart                                                                                                                   Synopsis
                                                                                                                                NIFTY opened on a positive note and gained ground steadily
                                                                                                                                 thereafter to settle at 5430, higher by 70 points yesterday.

                                                                                                                                The 13-hour EMA has made a bullish crossover with the 40-
                                                                                                                                 hour EMA while the overall momentum in the hourly RSI (14)
                                                                                                                                 and MACD (12/26/9) is positive.

                                                                                                                                This indicates that near-term trend is still up and would be
                                                                                                                                 supportive for further gains towards resistance at
                                                                                                                                 5500/5521(61.8% retracement for the fall from 5630-5268) in
                                                                                                                                 the coming 1-2 sessions.

                                                                                                                                On the downside, 5391 and then 5353 will act as supports.

                                                                                                                                Overall, Stochastic (25/13/13) is exhibiting weak momentum
                                                                                                                                 indicating that intermediate-term trend is down. Hence we
                                                                                                                                 expect prices to stabilize near 5500/5521 levels and stay
                                                                                                                                 subdued towards 5300 levels and lower in coming weeks.


            Close                                   R1                              R2                            R3                     S1                     S2                    S3
             5430                                  5459                           5480                           5521                   5391                   5352                  5327
                   Momentum                                                  Moving Average                                                    Outlook and Strategy
14 Days RSI                                  58                21 EMA                               5340              For the day support is seen at 5391. Index is likely to trade positive
                                                                                                                      towards the key resistance zone of 5500/5521.
MACD 12, 26, 9                               24                55 EMA                               5220

Stochastic (5,3,3)                           84                200 EMA                              5194




 Bank Nifty Futures                                                                                                                                                             CMP 10765

Daily Chart                                                                                                                   Synopsis
11500                                                                                                                 11500


11000                                                        78.6%                                                    11000
                                                                                                                                Bank Nifty opened with an upside gap, however prices were
                                                             61.8%                                                               unable to breach past the resistance at 10800 zone and thus
10500                                                                                                                 10500      consolidated in a range bound manner.
                                                                                                                               
10000                                                                                                                 10000
                                                                                                                                For the day, a breach above 10800 could push prices higher
                                                                                                                                 towards 10900-11000 zone.
 9500                                                                                                                  9500


 9000                                                                                                                  9000
                                                                                                                                Sustenance above 11000 would lead to the up move
                                                                                                                                 continuing towards 11250 levels.
 8500                                                                                                                  8500
                                                                                                                                On the lower side, immediate support is place at 10700 levels
                                                                                                                                 and then at 10500.
  100                                                                                                                   100
   90
   80
                                                                                                                         90
                                                                                                                         80     In the larger picture, a positive weekly closing above 10600
   70                                                                                                                    70
                                                                                                                         60
                                                                                                                                 would be essential for the up move to continue in coming
   60
   50                                                                                                                    50      weeks.
   40                                                                                                                    40
   30                                                                                                                    30
   20                                                                                                                    20
                                                                                                                         10
   10
                                                                                                                          0
        1  8       21    28    5   12   19    26    2    9     16    23   30   6    13   21 27     5   12   19   26
        November              Decem ber             2012                    February             March


           Close                                   R1                            R2                              R3                     S1                     S2                    S3
           10765                              10800                            10900                        11000                     10700                  10600                  10500
                   Momentum                                                Moving Average                                                      Outlook and Strategy
14 Days RSI                              58                   21 EMA                             10440            A breach above 10800 would lead to Bank Nifty edging higher towards
                                                                                                                  10900-11000 zone. As long as immediate support at 10700 holds, the
MACD 12, 26, 9                           130                  55 EMA                              9997            index is likely to trade with positive bias.
Stochastic (5,3,3)                       90                   200 EMA                             9895




                                                                                  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                                                         14 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                5430      5486        5449     5420     5390     5354        BRFL              271      278      274      271      268     264

BANKNIFTY           10686      10838      10766     10708    10650    10578       CAIRN             377      388      382      377      372     366

CNXIT                6547      6627        6583     6548     6513     6469        CANBK             517      534      526      519      513     504

ABAN                 519        588        540       501      462      413        CENTURYTEX        335      355      342      331      321     308

ABB                  864        897        875       858      840      818        CESC              306      322      312      304      296     286

ABGSHIP              409        421        414       408      402      395        CHAMBLFERT        85       88       86       84       82       80

ABIRLANUVO           909        931        920       912      903      893        CHENNPETRO        171      178      175      172      169     166

ACC                  1339      1365        1349     1337     1324     1309        CIPLA             308      315      311      307      303     298

ADANIENT             333        360        345       332      320      305        COLPAL           1107     1158     1128     1104     1080     1051

ADANIPOWER            75        79          77       76       74       72         CONCOR            900      933      913      897      882     862

ALBK                 204        207        205       204      202      200        COREEDUTEC        280      288      284      281      277     273

AMBUJACEM            168        178        172       167      162      156        CROMPGREAV        148      158      151      145      139     132

ANDHRABANK           135        141        139       136      134      131        CUMMINSIND        479      498      487      478      470     459

APIL                 389        414        398       385      373      357        DABUR             103      104      103      103      102     101

APOLLOTYRE            83        87          85       83       82       79         DCHL              43       46        44      42       41       39

AREVAT&D             #N/A      #N/A        #N/A     #N/A     #N/A     #N/A        DENABANK          94       97       96       95       94       92

ASHOKLEY              29        30          29       29       28       28         DISHTV            57       59       58       57       56       54

ASIANPAINT           3187      3262        3217     3182     3146     3101        DIVISLAB          740      770      756      745      734     720

AUROPHARMA           119        123        121       119      117      115        DLF               208      216      212      208      205     200

AXISBANK             1241      1259        1249     1242     1234     1225        DRREDDY          1696     1723     1710     1699     1689     1675

BAJAJ-AUTO           1783      1835        1808     1785     1763     1735        EDUCOMP           200      209      205      202      198     194

BAJAJHIND             35        36          35       35       34       34         EKC               38       40       39       38       38       37

BALRAMCHIN            55        56          55       55       54       54         ESSAROIL          59       62       60       59       58       56

BANKBARODA           820        849        835       824      813      799        EXIDEIND          145      154      150      146      142     137

BANKINDIA            373        386        379       374      368      361        FEDERALBNK        429      442      434      428      422     414

BEL                  1602      1654        1620     1593     1566     1533        FINANTECH         770      811      791      775      759     740

BEML                 684        720        701       686      671      653        FORTIS            107      110      109      107      106     105

BGRENERGY            351        364        358       353      348      342        FSL               11       12       12       11       11       11

BHARATFORG           320        344        333       323      314      302        GAIL              370      388      376      366      356     343

BHARTIARTL           339        348        343       339      335      331        GESHIP            260      271      264      259      253     247

BHEL                 291        305        298       292      286      278        GLAXO            2087     2114     2101     2090     2078     2065

BHUSANSTL            398        413        405       398      391      383        GMDCLTD           198      208      203      199      195     190

BIOCON               251        283        267       254      241      225        GMRINFRA          33       38       35       32       29       26

BOSCHLTD             7626      7787        7708     7644     7580     7501        GODREJIND         264      291      272      258      243     224

BPCL                 667        686        677       669      661      651        GRASIM           2800     2856     2822     2794     2766     2732


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                                                        14 March 2012                    Aditya Birla Money


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

GSPL                  78        81          80       79       78       76         JINDALSTEL          611     661         633     610      587    558

GTL                   49        53          51       49       48       46         JISLJALEQS          108     115         112     109      106    103

GTLINFRA              12        13          12       12       11       11         JPASSOCIAT          84          88       85      83      80      78

GTOFFSHORE           107        112        109       108      106      103        JPPOWER             44          46       45      44      43      42

GVKPIL                20        21          20       20       19       18         JSWSTEEL            789     823         802     785      769    748

HCC                   29        31          30       29       28       27         KFA                 21          22       22      21      20      20

HCLTECH              505        523        512       504      495      485        KOTAKBANK           569     586         577     569      562    553

HDFC                 682        692        686       680      675      668        KSOILS               7          7        7       7        7      7

HDFCBANK             524        534        529       524      520      514        LICHSGFIN           250     258         254     251      248    244

HDIL                 114        120        117       113      110      106        LITL                22          24       23      22      21      19

HEROMOTOCO           1963      2007        1980     1959     1938     1912        LT                 1362    1390         1376    1364    1352    1338

HEXAWARE             120        125        122       120      117      114        LUPIN               502     513         506     501      495    488

HINDALCO             141        147        143       141      138      135        M&M                 657     681         669     659      650    638

HINDPETRO            302        312        307       302      298      293        MARUTI             1368    1420         1390    1366    1342    1312

HINDUNILVR           382        390        386       383      380      376        MCDOWELL-N          583     698         616     550      484    402

HINDZINC             134        140        136       133      130      126        MCLEODRUSS          243     253         247     242      237    231

HOTELEELA             35        36          36       35       35       34         MERCATOR            31          32       31      31      30      30

IBREALEST             74        78          76       74       72       70         MPHASIS             410     419         414     411      407    403

ICICIBANK            930        955        943       934      924      912        MRPL                69          71       70      69      68      67

ICSA                  23        25          24       23       23       22         MTNL                33          35       34      33      32      32

IDBI                 114        118        116       114      112      110        ADANIPORTS          131     142         136     130      124    118

IDEA                  97        99          98       97       96       95         NCC                 60          64       62      60      58      56

IDFC                 149        155        152       150      147      144        NATIONALUM          61          63       62      61      60      59

IFCI                  45        46          46       45       45       44         NEYVELILIG          90          92       91      90      88      87

INDHOTEL              67        70          69       68       67       66         NHPC                21          21       21      21      21      21

INDIACEM             103        106        105       103      102      100        NOIDATOLL           23          24       23      23      22      22

INDIAINFO             74        78          76       74       73       71         NTPC                173     176         175     173      172    171

INDIANB              245        252        247       244      240      236        OFSS               2515    2675         2599    2539    2478    2403

INFY                 2860      2896        2874     2857     2840     2819        ONGC                288     299         291     285      279    271

IOB                  104        107        105       104      103      101        ONMOBILE            66          71       69      67      65      63

IOC                  276        282        279       277      274      271        OPTOCIRCUI          273     282         278     274      271    266

JSWISPAT              14        14          14       14       14       14         ORBITCORP           61          67       64      62      60      57

ITC                  209        212        210       209      207      205

IVRCLINFRA            58        61          59       58       56       54

JINDALSAW            173        177        175       173      171      169


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                                                        14 March 2012                   Aditya Birla Money


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

ORCHIDCHEM           179       184         182      179       177     174         SRTRANSFIN        584      596      589      584      579     572

ORIENTBANK           294       300         296      293       290     286         STER              120      127      123      119      116     111

PANTALOONR           162       179         171      164       158     149         STERLINBIO        11       12       12       11       11       11

PATELENG             117       124         121      118       116     113         SUNPHARMA         584      605      592      583      573     560

PATNI                475       488         481      475       469     462         SUNTV             314      324      319      316      312     307

PETRONET             163       171         167      164       160     156         SUZLON            29       32       30       29       28       27

PFC                  199       209         204      201       197     192         SYNDIBANK         119      123      121      120      118     117

PIRHEALTH            481       497         487      478       470     460         TATACHEM          360      375      366      359      353     344

PNB                  976       998         987      978       969     958         TATACOMM          237      244      240      237      235     231

POLARIS              169       174         171      167       164     160         TATAGLOBAL        118      122      120      118      117     115

POWERGRID            111       114         112      111       110     108         TATAMOTORS        283      292      288      284      281     277

PRAJIND              81         85         83        81       79       77         TATAPOWER         108      113      111      109      107     104

PTC                  61         65         62        60       58       55         TATASTEEL         468      480      472      466      459     452

PUNJLLOYD            60         62         61        59       58       56         TCS              1197     1235     1216     1201     1185     1166

RANBAXY              426       439         431      424       417     409         TECHM             644      661      651      642      634     623

RCOM                 100       106         102       99       97       93         TITAN             248      254      251      248      245     242

RECLTD               224       236         230      225       220     214         TRIVENI           18       19       18       18       18       17

RELCAPITAL           433       446         439      434       428     421         TTML              16       16       16       16       15       15

RELIANCE             820       841         827      815       804     789         TULIP             104      108      106      104      101     99

RELINFRA             650       674         662      653       643     631         UCOBANK           86       88       87       86       85       83

RENUKA               38         40         39        38       37       36         UNIONBANK         238      247      242      239      235     230

ROLTA                100       104         102      100       98       96         UNIPHOS           136      141      138      137      135     132

RPOWER               137       142         139      137       135     132         UNITECH           31       32       32       31       30       30

RUCHISOYA            93         95         94        93       92       91         VIDEOIND          181      187      184      181      179     175

SAIL                 101       106         103      100       97       94         VIJAYABANK        64       65       65       64       63       62

SIMPLEX              89         98         93        90       86       81         VOLTAS            130      137      133      130      127     123

SBIN                2328       2378       2352      2331     2311     2285        WELCORP           140      145      143      140      138     135

SCI                  72         75         73        72       71       70         WIPRO             431      440      435      431      427     422

SESAGOA              209       219         212      207       201     194         YESBANK           369      377      371      367      363     358

SIEMENS              806       833         820      809       799     786         ZEEL              136      142      139      136      133     130

SINTEX               88         89         88        87       87       85

SOBHA                302       323         310      299       288     275




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                                                            14 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                                                      14 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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