Daily Nifty Observer Issue - 444 March 16, 2011 Spot Nifty Daily Chart Nifty Outlook Positive opening expected and Nifty may test 5520/5545 levels Support 5470/5490 Resistence 5510/5540/5570 Market Strength Indicators 14 days RSI - Down by 5.07 points at 47.28 levels 14 days SchRSI - Down by 29.28 at 68.3 levels Technical Corner Future Corner Stochastic - Down by 1.03 points Nifty Feb 11 future is at Premium 9.65 of basis from Premium of at 46.94 levels Spot Nifty closed at 5449.65 Down by 81.85 points after 23.08 basis. downside up side movement for whole of the trading season with Nifty Feb 11 future add 5.08 lakhs shares in open interest. TSI - Down by 0.33 points fall in volume. It made a high of 5497.85 and low of 5373.65 in . Nifty cummulative Future add 6.40 lakh shares in open interest intraday. from shed of 7.03 lakh shares earlier Total F&O volume was up at Rs. 162054.39 crores from Rs. Market Intensity Indicator 14 days Schotestic RSI (60 minutes chart) closed at 68 levels & traded across its 9 period EMA for whole of the trading session. 100877.05 crores. Advance - 272 Today it may trade below it's 9 period EMA levels allwoing Nifty to Note on intraday Price,OI & Volume trade arround 6000 levels. Decline - 1169 Nifty cash volume is Up at Rs 12942.69 from Rs. 9633.72 crore. Nifty is trading above its 20 period SMA but below its 50 periods Volatility - Up by 0.02 at 0.24 and its 200 periods SMA. Long term trend is bullish as Nifty is On Tuesday fall in Nifty (1.48%) was registered with rise in Nifty levels trading above its 200 days SMA around 5540 levels. Feb 11 futures open position (0.24%) and fall in Nifty spot intraday volume (3.48 %). PC Ratio - Up by 0.21 points at Momentum oscillator is indicating that Nifty has just came above it's over-sold zone on intraday chart. Nifty up with rise in OI but rise in Volume suggesting that the 1.3 levels market has lot of traders have a short position in the market. The market may be vulnerable to larger price swings as shorter- Moving Average Indicator Nifty on Tuesday closed at at 5449.65 levels after showing rise tendency for whole of the trading sessions. It has a very strong timeframe traders attempt to trade on short sides of the market but support at 5450 levels,and resistance at 6020/6050 levels, 23.60 % liquidating before end-of-day. Often signals of a market turn near- 20 days SMA- 5466.3 retracement (drawn from the low of 5786.45 as on 25/05/2010 term or continued volatility. More common at significant bottoms. and high of 6338.50 levels as on 05/11/2010). Since last couple of 50 days SMA - 5574.12 days Nifty was found trading in a channel drawn from the low of Current fall in Nifty of 81.85 points was due to fresh Short build up 4786.45 (25/05/2010), low of 5690.35 (26/11/2010) and high of in Mar 11 series. 6222.10 (04/10/2010) and is likely to test the lower channl around 200 days SMA - 5672.15 5800 levels before moving upwards towards all time high. Below 5700 levels Nifty has major support around 5420/5400/5378 Bollinger Band - Lower middle levels. band 10 Days Nifty Future Premium Other Indicators Change in Open Interest Gold - Down Crude - Down USD/INR - Up FII's Spot - Positive DII's Spot - Positive Options Corner F&O - Negative Global Indices Nifty put/call ratio of open interest is 1.5 and put/call ratio of volume is 2.42. Nifty call option add 6.78 lakhs shares in open interest and put Asian - Mixed options shed 13.42 lakhs in open interest. Nifty Feb 11 5700 (-ve) & Dec 10 5800 (+ve) put options had seen Europe - Down maximum change in open interest. Nifty Feb 11 6000 (-ve) & Dec 10 6100 (+ve) call options had seen US - Down maximum change in open interest. Stocks Corner Fresh Long Short Covering Fresh Short Long Liquidation NAGARFERT NCC PFC TATAPOWER RUCHISOYA FEDERALBNK RANBAXY YESBANK PANTALOONR IBREALEST HDFCBANK HCLTECH ROLTA SRTRANSFIN TATAMTRDVR GTLINFRA JISLJALEQS ADANIPOWER GMRINFRA HINDZINC UNIPHOS LUPIN STER WIPRO AUROPHARMA MLL TTML KFA HDFC CROMPGREAV NHPC HEROHONDA STRTECH IRB PATNI INFOSYSTCH IOC DRREDDY SESAGOA RELMEDIA POWERGRID HOTELEELA BHARATFORG DCHL INDUSINDBK CENTRALBK RECLTD RPOWER KTKBANK NTPC TATAMOTORS ULTRACEMCO JINDALSTEL RENUKA SCI JPPOWER CONCOR AREVAT&D HINDALCO EXIDEIND MARUTI ALOKTEXT ABGSHIP SBIN MAX GTOFFSHORE OIL INDHOTEL DLF RCOM SAIL ISPATIND MPHASIS BHEL ICICIBANK JINDALSWHL ANDHRABANK BOSCHLTD ABB CUMMINSIND BAJAJ-AUTO PRAJIND SIEMENS SUNPHARMA GAIL SKUMARSYNF GVKPIL WELCORP ADANIENT CHAMBLFERT HCC TITAN JSWSTEEL ASIANPAINT TECHM AMBUJACEM KSOILS IDBI JPASSOCIAT M&M VIJAYABANK BALRAMCHIN IOB COLPAL DENABANK MTNL NEYVELILIG RELIANCE PIRHEAL CAIRN LT CENTURYTEX MRPL PTC CESC INDIANB PUNJLLOYD MCDOWELL-N GRASIM SINTEX ORCHIDCHEM LITL BHUSANSTL TH JINDALSAW TATAGLOBAL TULIP LICHSGFIN AXISBANK UNITECH TATASTEEL SREINFRA BANKBARODA APOLLOTYRE SUNTV TATACOMM ORBITCORP CANBK TRIVENI CIPLA UCOBANK BIOCON FORTIS FINANTECH DABUR GODREJIND ORIENTBANK BHARTIARTL ALBK GSPL ONGC OFSS UNIONBANK GESHIP SYNDIBANK POLARIS COREPROTEC EKC HAVELLS MRF BEML HINDUNILVR BAJAJHLDNG INDIACEM TVSMOTOR ABIRLANUVO BANKINDIA DIVISLAB HINDOILEXP IDFC CHENNPETRO TATACHEM 3IINFOTECH IFCI INDIAINFO PATELENG ACC MUNDRAPORT BPCL NMDC BGRENERGY TCS BEL RELCAPITAL STERLINBIO PNB FSL BRFL DCB ITC RELINFRA ABAN ESSAROIL OPTOCIRCUI ASHOKLEY IVRCLINFRA SOBHA NATIONALUM HEXAWARE KOTAKBANK HDIL VIDEOIND BOMDYEING ZEEL EDUCOMP SUZLON HINDPETRO DISHTV ESCORTS BAJAJHIND GTL GLAXO BATAINDIA TV-18 ONMOBILE MCLEODRUSS VOLTAS GMDCLTD IGL IDEA JETAIRWAYS APIL MOSERBAER PETRONET News Corner National Source - Google India News International Source -Bloomberg Asian Stocks Jump for First Time in Five Days After Selloff; Oil Nuclear Disaster Looms on Tokyo as Plant Explodes Rebounds Cant Track BlackBerry, Gmail: DoT AIG Takeover of Fuji Fire Offers 204% Arbitrage Gain After Quake: Accounts Panel Need not do Parallel Probe, Says Chacko Real M&A Oppn Attacks Govt over US List of Ministers Japan Stock Turmoil Threatens Deeper Economic Pain Chips Down: Japanese Crisis Takes Toll on Electronics Cos Fed Upgrades Economic Outlook While Affirming Bond Stimulus HUL Plans Consumer Innovation Centre Portugal’s Long-Term Bond Ratings Cut to A3 From A1 by Moody’s Tesco Plans to Shift More Jobs to its Bangalore Unit Zillow Is Said to Hire Citigroup to Manage IPO of Online Property Top Cos Pay Over 30% Higher Advance Tax in Q4 Service Air India Draws Criticism Over Hiring Top Officials Kin As Pilots Bahrain Call for Troops Fails to End Protests as Hundreds Hurt Toyota Motors to Pump In Rs 300 cr Baltic Pain Turns to Economic Growth While Protests Mean No Gain Air India Charters to Issue Rs 2,000cr Bonds in Greece Performance Corner Daily Calls Monitor Analyst Certificate & Disclaimer DISCLAIMER: The document is not for public distribution and has been furnished solely for information and must not be reproduced or redistributed to others. Opinionexpressed is the current opinion as of the date appearing on the material only. Further, the information in the document has been printed on the basis of publicly availableinformation; internal data and other reliable sources believed to be true and are for general guidance only but which may not be verified independently. While every effort is madeto ensure the accuracy and completeness of information contained, the company takes no guarantee and assumes no liability for any errors or omissions of the information. No onecan use the information as the basis for any claim, demand or cause of action. All investment information and opinion are subject to change without notice. Recipients of thismaterial should rely on their own investigations and take their own professional advice. Each recipient of this document should make such investigations as it deems necessary toarrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult theirown advisors to determine the merits and risks of such an investment. This material is for personal information and none is responsible for any loss incurred based upon it. Theinvestments discussed or recommended in this report may not be suitable for all investors. It should not be considered to be or taken as an offer to sell or a solicitation to buy/sellany security. Price and value of the investments referred to in this material may go up or down. Past performance is not a guide for future performance. Certain transactions -futures, options and other derivatives as well as non-investment grade securities - involve substantial risks and are not suitable for all investors. Reports based on technical analysiscenters on studying charts of a stock's price movement and trading volume, as opposed to focusing on a company's fundamentals and as such, may not match with a report on acompany's fundamentals. Analyst who has issued this report, may, on the date of this report, and from time to time, have long or short positions in, and buy or sell the securities ofthe companies mentioned herein or engage in any other transaction involving such securities and earn brokerage or compensation or act as advisor or have other potential conflictof interest with respect to company/ies mentioned herein or inconsistent with any recommendation and related information and opinions.