IMPORTANT LEVELS FOR THE DAY

Transcription

1 Tech View 28-Feb-13 CNX NIFTY IMPORTANT LEVELS FOR THE DAY Support BSE NSE S1 18, S2 18, Resistance R1 19, R2 19, Pivot 19,121 5,788 TECHNICAL VIEW After two days of continuous fall, yesterday Indian equity market ended with smart gains as Nifty bounced back from support levels. Markets cheered projections of the Economic Survey with NIFTY and SENSEX closing the day with gains of 0.62% and 0.72% respectively. The BSE Midcap and Smallcap index rose 0.74% and 0.20% respectively.. Technically, Nifty managed to take the support of the Gap i.e. of 5730 levels and bounce back from the same indicates some relief. Hourly chart indicates that Nifty is trading in extremely oversold zone are so we may witnessed a technical bounce back till 5900/5950 levels in coming trading sessions. However, immediate support lies at levels in near term which is supported by the Gap, and index is likely to witness further selling below this level. Below 5,720, likely support levels are 5,650 levels. we may witnessed a volatile trading session since Union Budget and FNO Rollover follow on same day. We may see a 100 points up or down movement in Nifty totally depend what outcome comes from union budget. So we advise the traders to trade with strict stop loss. TODAY'S RECOMMENDATION SCRIP NAME TENURE RECO RATE NA STOP LOSS TARGET TECHNICAL STOCK OBSERVATION BhartiAirtel: CMP 321 It s is trading above the short term moving averages. Also the fact that stock is trading near the 200-DMA i.e. 311 levels. Stock is trading above the downward sloping trend line with volumes. Momentum indicators are in buy mode for short term. Hence, we may initiate an intraday buy call during the trading hours once the market support our levels LKP Securities Ltd., Ph: (91-22) FAX: (91-22) E Mail: lkpadvisory@lkpsec.com website:

2 21-Feb 22-Feb 25-Feb 26-Feb 27-Feb 21-Feb 22-Feb 25-Feb 26-Feb 27-Feb Rs. Crs Rs. Crs WORLD INDICES PERFORMANCE TOP GAINERS *BSE 100 World Indices 27-Feb 26-Feb % Chg. Company LTP Chg % Chg Dow Jones Industrial Ave 14,075 13, % Jet Air India S&P 500 Index 1,516 1, % Suzlon Energy Europen Indices JPINFRATEC CAC 40 Index 3,691 3, % Jaiprakash Asso Deutsche Borse AG Germ 7,676 7, % Motherson Sumi Hang Seng 22,843 22, % TOP LOSERS *BSE 100 Nikkei ,463 11, % Opto Circuits SGX Nifty (Feb 28) Pipavav Defence CURRENCY FUTURE (NSE) Neyveli Lignite USDINR Ranbaxy Lab EURINR MMTC FII's INVESTMENTS IN DERIVATIVES FII's INVESTMENTS IN EQUITY Calls till February-2013 January-2013 February-2013 Failed 37.89% Succes s 62.11% Failed 44.53% Success 55.47% Failed 35.48% Succes s 57.14%

3 LAST 7 TRADING DAYS RECOMMENDATION Date SCRIP NAME TENURE LONG / RATE SL TGTPART PART FULL FULL ROI STATUS CMP SHORT DATE DATE 18-Feb JPASSOCIAT INTRADAY LONG Feb 0.01 SUCCESS Feb NIFTY INTRADAY LONG Feb 0.00 SUCCESS Feb TATAGLOBAL INTRADAY LONG Feb FAILED Feb RELCAPITAL INTRADAY LONG Feb 0.01 SUCCESS Feb KTKBANK INTRADAY LONG Feb 0.00 SUCCESS Feb TATAGLOBAL INTRADAY LONG Feb FAILED Feb HINDALCO INTRADAY LONG Feb FAILED Feb RAYMOND BTST LONG Feb FAILED Feb PETRONET INTRADAY LONG Feb 0.01 SUCCESS Feb PNB BTST LONG Feb FAILED Feb KTKBANK INTRADAY LONG Feb FAILED Feb BHEL INTRADAY SHORT Feb 0.01 SUCCESS Feb HDFC INTRADAY SHORT Feb 0.00 SUCCESS Feb RELCAPITAL INTRADAY SHORT Feb 0.01 SUCCESS Feb AXISBANK INTRADAY SHORT Feb 0.01 SUCCESS Feb TORNTPOWER 2 WEEKS LONG Feb FAILED Feb BANKBARODA INTRADAY SHORT Feb 0.00 SUCCESS Feb BANKINDIA INTRADAY LONG Feb FAILED Feb PETRONET INTRADAY LONG Feb FAILED Feb TATAMOTORS INTRADAY SHORT Feb 0.01 SUCCESS Feb DLF INTRADAY SHORT Feb 0.01 SUCCESS Feb RELCAPITAL INTRADAY SHORT Feb 0.01 SUCCESS Feb PANTALOONR INTRADAY SHORT Feb 0.01 SUCCESS Feb HINDZINC INTRADAY LONG Feb FAILED Feb JUBLFOOD INTRADAY SHORT Feb 0.00 FAILED Feb AXISBANK INTRADAY LONG Feb 0.01 SUCCESS Feb RELIANCE INTRADAY LONG Feb FAILED Feb TITAN INTRADAY LONG Feb 0.01 SUCCESS Feb ITC BTST LONG OPEN 295 * Assuming Rs.100,000 invested in each call & 2 lots in futures contract. * Success = Closed, Failed = Closed, 50% Profit Booking = Open, Open = Not Closed

4 PIVOT POINTS Scrip Name Close RB2 RB1 PP SB1 SB2 Scrip Name Close RB2 RB1 PP SB1 SB2 3IINFOTECH BOSCHLTD ABAN BPCL ABB BRFL ABGSHIP CAIRN ABIRLANUVO CANBK ACC CENTRALBK ADANIENT CENTURYTEX ADANIPORTS CESC ADANIPOWER CHAMBLFERT ALBK CIPLA ALOKTEXT COALINDIA AMBUJACEM COLPAL ANDHRABANK COREEDUTEC AIL CROMPGREAV APOLLOTYRE CUMMINSIND ALSTOMT&D DABUR ARVIND DCB ASHOKLEY DELTACORP ASIANPAINT DENABANK AUROPHARMA DHANBANK AXISBANK DISHTV BAJAJ-AUTO DIVISLAB BAJAJHIND DLF BAJAJHLDNG DRREDDY BALRAMCHIN EDUCOMP BANKBARODA EKC BANKINDIA ESCORTS BATAINDIA ESSAROIL BEL EXIDEIND BEML FEDERALBNK BFUTILITIE FINANTECH BGRENERGY FORTIS BHARATFORG FSL BHARTIARTL GAIL BHEL GESHIP BHUSANSTL GITANJALI BIOCON GLAXO BOMDYEING GMDCLTD GMRINFRA IRB GODREJIND ITC GRASIM IVRCLINFRA GSPL JETAIRWAYS GTL JINDALSAW GTOFFSHORE JINDALSTEL

5 PIVOT POINTS Scrip Name Close RB2 RB1 PP SB1 SB2 Scrip Name Close RB2 RB1 PP SB1 SB2 GUJFLUORO JINDALSWHL GVKPIL JISLJALEQS HAVELLS JPASSOCIAT HCC JPPOWER HCLTECH JSWENERGY HDFC JSWISPAT HDFCBANK JSWSTEEL HDIL JUBLFOOD HEROMOTOCO KFA HEXAWARE KOTAKBANK HINDALCO KSOILS HINDOILEXP KTKBANK HINDPETRO LICHSGFIN HINDUNILVR LITL HINDZINC LT HOTELEELA LUPIN IBREALEST M&M ICICIBANK MARUTI IDBI MAX IDEA MCLEODRUSS IDFC MCDOWELL-N IFCI MERCATOR IGL MOSERBAER INDHOTEL MPHASIS INDIACEM MRF INDIAINFO MRPL INDIANB MTNL INDUSINDBK NATIONALUM INFY NCC INGVYSYABK NEYVELILIG IOB NHPC IOC NMDC NTPC SOUTHBANK OFSS SREINFRA OIL SRTRANSFIN ONGC STER ONMOBILE STRTECH OPTOCIRCUI SUNPHARMA ORCHIDCHEM SUNTV ORIENTBANK SUZLON PANTALOONR SYNDIBANK PATELENG TATACHEM PETRONET TATACOMM PFC TATAGLOBAL

6 PIVOT POINTS Scrip Name Close RB2 RB1 PP SB1 SB2 Scrip Name Close RB2 RB1 PP SB1 SB2 PEL TATAMOTORS PNB TATAMTRDVR POLARIS TATAPOWER POWERGRID TATASTEEL PRAJIND TCS PTC TECHM PUNJLLOYD TITAN RANBAXY TRIVENI RAYMOND TTKPRESTIG RCOM TTML RECLTD TULIP RELCAPITAL TVSMOTOR RELIANCE UCOBANK RELINFRA ULTRACEMCO RENUKA UNIONBANK ROLTA UNIPHOS RPOWER UNITECH RUCHISOYA VIDEOIND SAIL VIJAYABANK SBIN VIPIND SCI VOLTAS SESAGOA WELCORP SIEMENS WIPRO SINTEX YESBANK SKUMARSYNF ZEEL SOBHA HOW TO TRADE PIVOT POINTS PP = Pivot Point RB1 = Fibonacci Resistance 1 RB2 = Fibonacci Resistance 2 SB1 = Fibonacci Support 1 SB2 = Fibonacci Support 2 If a stock opens above Pivot Point, go long with a stop loss of SB1 and SB2, for a target of RB1 and RB2. Similarly, if a stock opens below Pivot Point, go short with a stop loss of RB1 and RB2, for a target of SB1 and SB2. DISCLAIMER : The information in this document has been printed on the basis of publicly available information, internal data and other reliable source believed to be true and is for general guidance only. While every effort is made to ensure the accuracy and completeness of information contained, the company makes no guarantee and assumes no liability for any errors or omissions of the information. No one can use the information as the basis for any claim, demand or cause of action. LKP Securities Ltd., and affiliates, including the analyst who have 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 of the 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 conflict of interest with respect to companies mentioned herein or inconsistent with any recommendation and related information and opinions. LKP Securities Ltd., and affiliates may seek to provide or have engaged in providing corporate finance, investment banking or other advisory services in a merger or specific transaction to the companies referred to in this report, as on the date of this report or in the past.