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January 11, 2010 13:00 noon IST

Punter’s Call

Range-bound
The Nifty is trading positive but has still not given a breakout from the narrow range of 5230-5300. We reckon that the Nifty is consolidating in a flag pattern and once it surpasses this range on the higher side, ie above 5310, then it will show further momentum. The Nifty is trading above its averages both on hourly and daily charts which is a positive sign going forward. On the hourly charts, the KST momentum indicator has given a positive crossover and is trading below the zero line. The Nifty is trading above the 20-HMA and 40-HMA, ie 5265 and 5256 respectively, which are now supports in the short run. The market breadth is positive with 1,124 advances and 212 declines. Of the 30 stocks of the Sensex, Hero Honda (up 2.25%) and Dr Reddy’s (up 1.97%) are the top gainers while RIL (down 0.88%) and BHEL (down 0.71%) are the weak performers.
Updated at 12:00 noon Advance BSE NSE 2,248 1,124 Decline 663 212

Moving Average (hourly) 20(S) 40(S)
S: Simple Moving Average

5265 5256

100 (S) 200 (S)

5150 5122

- NSE50 [NIFTY] (5,271.05, 5,278.10, 5,270.50, 5,271.90, +0.69971)

5300

5250

5200

5150

5112
5100

5050

5000

4944

4950

KST (0.01549)

2.5 2.0 1.5 1.0 0.5 0.0 -0.5 -1.0 -1.5 4 2010 5 6 7 8 11 12

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For Private Circulation only

Short Term Trend
Target Sensex Nifty 18000 5350 Trend Reversal Down below 17322 Down below 5160 Support/Resistance 17322 / 18000 5160 / 5350

Medium Medium Term Trend
Target Sensex Nifty 18500 11500 11800 5400 3450 3600 Trend Reversal Down below 10050 Down below 16596 9340 Down below 2865 4944 3120 Support/Resistance 16596 11500 10050//11800 9340 18500 4944 5400 3120 / 3450 2865 3600

Icon guide
Up Down Downswing matures Upswing matures

CTFT Calls
Carry today for tomorrow

Stock
United Spirits NTPC

Action
Buy Buy

Stop loss
TPB Book Profit

Price
1,350.0 231.0

Closing price
1,365.0 233.4

Target
1,377-1,405 234-237

High noon

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Smart Charts
Date Recommendation Action Stop Loss/ Reversal (Intra-day) Stop Loss/ Reversal DCL 350.0 1315.0 85.5 84.5 254.4 168.9 108.0 266.0 21.8 273.9 763.0 Buy/Sell Price 356.0 1216.0 90.0 84.5 273.0 168.6 114.0 280.0 23.0 273.7 821.0 Closing Price (CMP) 362.2 1,216.6 88.9 86.6 279.2 175.0 114.9 281.3 22.8 283.6 842.7 Potential % P/L at CMP 2% 0% -1% 2% 2% 4% 1% 0% -1% 4% 3% Targets

07-01-10 06-01-10 06-01-10 06-01-10 05-01-10 05-01-10 05-01-10 05-01-10 05-01-10 04-01-10 30-12-09

Tata Comm ONGC TV-18 Unitech Rel Media Nagarjuna Cons Power Grid Corp Bharat Forge Ispat Industries Areva Kotak Bank

Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy Buy

93-99 1315-1415 95.4-101 93-99 300-325 182-188 121-128 297-314 24.4-25.8 300-325 903-944

NOTE: Kindly note that all stop losses in Smart Charts Calls are on closing basis unless specified. TPB: Trailing profit booked

Momentum Calls
For the short term—1 to 5 days

Stock
United Spirits Bharti Airtel Biocon JSW Steel Zee Enterprise Hind Oil Export Jet Airways Punj Lloyd GTL Infra Dabur Tata Steel PFC SBI REC Ltd RIL

Action
Buy Sell Buy Buy Buy Buy Buy Buy Sell Buy Buy Buy Sell Buy Buy

Action date
11-01-10 11-01-10 11-01-10 11-01-10 11-01-10 11-01-10 11-01-10 11-01-10 08-01-10 08-01-10 08-01-10 08-01-10 08-01-10 08-01-10 07-01-10

Stop loss
1,341.0 333.5 287.2 1,114.0 262.5 296.0 Book Profit 210.0 39.8 162.6 Stopped Out Book Profit 2,315.0 244.1 Exit

Price
1,369.0 327.0 293.1 1,136.0 261.0 303.0 531.4 214.2 39.0 166.0 648.0 259.5 2,289.0 244.0 1,112.0

Closing price
1,366.5 326.7 2930.0 1,143.8 267.5 303.5 543.0 214.3 38.9 165.3 649.6 266.0 2,299.2 240.3 1,090.0

Target1
1,397.0 320.0 299.0 1,160.0 267.0 309.0 542.0 218.6 38.2 170.0 660.0 266.0 2,246.0 248.9 1,135.0

Target2
1,425.0 313.0 304.8 1,185.0 273.0 315.0 552.0 222.9 37.4 174.0 675.0 272.0 2,225.0 253.8 1,157.0

NOTE: Kindly note that all stop losses in Momentum Calls are on an intra-day basis. TPB: Trailing profit bookeds NOTE : Action taken after market hours will be highlited in blue colour.

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