Tech View LKP Advisory

Transcription

1 February 29, 2012 Tech View LKP Advisory Rakesh Gandhi Dow has closed for the first time above since May 2008 while Nasdaq is already trading at its levels seen before 10 years. These are sign of global bull market and that is good indication for our markets also. Yesterday there was smart recovery after gap up opening and it did not even break the low seen on Monday. The close on Monday indicated that we could see further lower levels but, nifty future managed to cross key level of Yesterday there was a broad base rally and significant move was witnessed in many banking stocks. Based on charts perspective markets are likely to become very choppy in coming days as we have many events lined up in next 2 weeks that will add to volatility. On long term charts nifty has strong support between 5200 and 5100 ( ). The break out from 15 months channel pattern indicates that though there will be short term bouts of volatility eventually buying on dips will be strategy will be beneficial. Today we have GDP numbers and nifty closing above 5450 by end of day will be positive. Source: Bloomberg SCRIP TODAY'S RECOMMENDATION TENURE RECO RATE STOP LOSS TARGET LT INTRADAY BUY-ABOVE ORCHIDCHEM INTRADAY BUY-ABOVE ORCHIDCHEM MOMENTUM BUY-ABOVE IMPORTANT LEVELS FOR THE DAY INDEX CLOSE S2 S1 PIVOTS R1 R2 SENSEX 17,731 17,550 17,725 17,800 17,900 18,000 NIFTY 5,375 5,300 5,375 5,400 5,430 5,450 LKP ADVISORY PERFORMANCE Calls till February-2012 January-2012 February-2012 Failed 34.14% Success 65.86% Failed 29.68% Success 70.32% Failed 35.88% Success 64.12%

2 LAST 7 TRADING DAYS RECOMMENDATION Date SCRIP NAME TENURE LONG / SHORT RATE SL TGT PART PART DATE FULL FULL DATE LKP Advisory ROI STATUS CMP 17-Feb FCH BTST LONG Feb % FAILED Feb ICICIBANK 1 day LONG , Feb % SUCCESS Feb MERCATOR 1 day LONG Feb % SUCCESS Feb ABAN 1 day LONG Feb % FAILED Feb A2ZMES 2 WEEK LONG Feb % FAILED Feb RIIL 2 WEEK LONG Feb % FAILED Feb DLF 1 day LONG Feb % SUCCESS Feb GODREJIND 1 day LONG Feb % SUCCESS Feb HINDALCO 1 day LONG Feb % SUCCESS Feb SINTEX 1 day LONG Feb % FAILED Feb NIFTY 1 day SHORT 5,605 5,620 5,575 5, Feb % FAILED 5, Feb KPIT 1 day LONG Feb % FAILED Feb GODREJIND 2 WEEK LONG Feb Feb % SUCCESS Feb MMTC 1 day SHORT Feb % SUCCESS Feb KFA BTST LONG Feb % SUCCESS Feb TITAN 1 day LONG Feb % FAILED Feb VIPIND 1 day LONG Feb % FAILED Feb EDUCOMP 1 day LONG Feb % FAILED Feb HINDOILEXP 2 WEEK LONG Feb % FAILED Feb NIFTY 1 day SHORT 5,520 5,535 5,480 5, Feb % SUCCESS 5, Feb LOVABLE 1 day SHORT Feb % SUCCESS Feb DELTACORP 1 day SHORT Feb % SUCCESS Feb CANBK 1 day SHORT Feb % SUCCESS Feb ABAN 1 day SHORT Feb % FAILED Feb HEROMOTOCO 1 day SHORT 2,115 2,130 2,075 2, Feb % SUCCESS 1, Feb HINDCOPPER 1 day SHORT Feb % FAILED Feb LICHSGFIN 1 day LONG Feb % SUCCESS Feb BHARTIARTL 1 day LONG Feb % FAILED Feb BFUTILITIE 2 WEEK SHORT Feb % SUCCESS Feb AXISBANK 1 day SHORT 1,185 1,202 1,165 1, Feb % SUCCESS 1, Feb DISHTV 1 day SHORT Feb % SUCCESS Feb SUZLON 1 day SHORT Feb % SUCCESS Feb NIFTY 1 day LONG 5,435 5,420 5,470 5, Feb % FAILED 5, Feb JSWSTEEL 2 WEEK SHORT Feb % FAILED Feb JSWSTEEL INTRADAY SHORT Feb % FAILED Feb AUROPHARMA INTRADAY SHORT Feb % FAILED Feb NIFTY 1 day SHORT 5,360 5,380 5,320 5, Feb % FAILED 5, Feb LOVABLE BTST LONG OPEN 385 * Assuming Rs.100,000 invested in each call & 2 lots in futures contract. * Success = Closed, Failed = Closed, 50% Profit Booking = Open, Open = Not Closed

3 PIVOT POINTS LKP Advisory 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 APIL CROMPGREAV APOLLOTYRE CUMMINSIND AREVAT&D DABUR ARVIND DCB ASHOKLEY DCHL ASIANPAINT DELTACORP AUROPHARMA DENABANK AXISBANK DHANBANK BAJAJ-AUTO DISHTV BAJAJHIND DIVISLAB BAJAJHLDNG DLF BALRAMCHIN DRREDDY BANKBARODA EDUCOMP BANKINDIA EKC BATAINDIA ESCORTS BEL ESSAROIL BEML EXIDEIND BFUTILITIE FEDERALBNK BGRENERGY FINANTECH BHARATFORG FORTIS BHARTIARTL FSL BHEL GAIL BHUSANSTL GESHIP BIOCON GITANJALI BOMDYEING GITANJALI

4 LKP Advisory Scrip Name Close RB2 RB1 PP SB1 SB2 Scrip Name Close RB2 RB1 PP SB1 SB2 GLAXO IOB GMDCLTD IOC GMRINFRA IRB GODREJIND ITC GRASIM IVRCLINFRA GSPL JETAIRWAYS GTL JINDALSAW GTOFFSHORE JINDALSTEL 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

5 LKP Advisory Scrip Name Close RB2 RB1 PP SB1 SB2 Scrip Name Close RB2 RB1 PP SB1 SB2 NHPC SKUMARSYNF NMDC SOBHA NTPC SOUTHBANK OFSS SREINFRA OIL SRTRANSFIN ONGC STER ONMOBILE STRTECH OPTOCIRCUI SUNPHARMA ORCHIDCHEM SUNTV ORIENTBANK SUZLON PANTALOONR SYNDIBANK PATELENG TATACHEM PATNI TATACOMM PETRONET TATAGLOBAL PFC TATAMOTORS PIRHEALTH TATAMTRDVR PNB TATAPOWER POLARIS TATASTEEL POWERGRID TCS PRAJIND TECHM PTC TITAN PUNJLLOYD TRIVENI RANBAXY TTKPRESTIG RAYMOND TTML RCOM TULIP RECLTD TVSMOTOR RELCAPITAL UCOBANK RELIANCE ULTRACEMCO RELINFRA UNIONBANK RENUKA UNIPHOS ROLTA UNITECH RPOWER VIDEOIND RUCHISOYA VIJAYABANK SAIL VIPIND SBIN VOLTAS SCI WELCORP SESAGOA WIPRO SIEMENS YESBANK SINTEX ZEEL

6 LKP Advisory 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. For any queries contact - LKP Advisory. Ph: (91-22) FAX: (91-22) E Mail: lkpadvisory@lkpsec.com Visit our website -