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February 15, 2008 6:00am ISTVisit us atwww.sharekhan.com
(equities)
Punter’s Call
For Private Circulation only
Sharekhan LtdA-206, Phoenix House, 2nd Floor, Senapati Bapat Marg, Lower Parel, Mumbai - 400013, India.
Gap up
Nifty chart: 5,202
Markets on February 14: Support around 5,000
Market BreadthBSE NSE
Advances 2,057 1,075Declines 697 124Unchanged 41 10
Volume (Rs)
5,567cr 13,496cr
60 minute chart
Markets opened on a strong positive note in line withglobal markets. Sensex gave a gap up opening andmaintained the gains it made in the opening trade throughout the day. On the daily chart, Nifty took support of thelower channel and reverted back, and made a high of 5,220during the day. Nifty traded above 200-DSMA for the entireday and closed near the day’s high indicating the strengthof bulls. However Nifty may face resistance around theupper channel line as shown in the intra-day chart, whichis around 5,300 and once this is breached it may test5,400 levels. On the downside Nifty has support around5,000 level. The momentum indicator KST has given apositive crossover showing upper hand of bulls in themarkets. The market breadth was strongly dominated bybulls.On the hourly chart Nifty made a flag pattern during theday, the breakout of which happened in the last hour of the trade. The target for this breakout is 5,350, which isour short-term target. We have revised our short-termview to up for the target of 5,350 with reversal pegged at4,940, however the mid-term target of 6,300 is intactwith reversal at 4,695.The rally was strongly supported by Reliance pack as RPL(+15%), REL (+10%),RCom (+10%) and RIL (+6%) closedwith gains. Buying was witnessed across the sectors, asReality index (+4%), FMCG and Metal index (+3.5%) andOil and Gas index (+2.5%) gained. Strong buying waswitnessed in various mid-caps under F&O category.
 
2
Eagle EyeFebruary 15, 2008
HomeNextFor Private Circulation only
Trendy Levels
Sensex NiftySupport Resistance Support Resistance
18800 19300 5700 584718693 19700 5616 599318182 20062 5514 6078
20DSMA40DEMA20DSMA40DEMA
20390 19941 6096 5958
BSE Sensex:
19013
Nifty:
5705
 
Trendy Levels
Sensex NiftySupport Resistance Support Resistance
17510 17900 5160 525017265 18070 5100 530517000 18200 5035 5350
20DSMA40DEMA20DSMA40DEMA
17747 18499 5198 5467
BSE Sensex:
17,767
Nifty:
5,202
Icon guide
UpUpswing maturesDownswing maturesDown
    
Medium Term Trend
TargetTrendReversalSupport/ResistanceSensex21000Down below 1650016500 / 19200Nifty6300Down below 48504850 / 6000
        
Short Term Trend
TargetTrendReversalSupport/ResistanceSensex18200Down below 1698017000 / 18200Nifty5350Down below 49405300 / 5000
        
DateRecommendationActionStop Loss/Stop Loss/Buy/SellClosingPotential %TargetsReversalReversalPricePriceP/L at(Intra-day)(Closing)CMP
14-02-08
Nifty CE (5200)
Buy**149.0
172.0
15%*14-02-08
Nifty Future
Buy
-
5090.05164.0
5187.0
0%5250-535013-02-08
Nifty Future
Buy
-Book profit
4937.0
5127.0
4%5050-515012-02-08
Sensetheindex
Buy
-
1698016692.0
17767.0
6%17400-18100
SENS
e the ind
EX
NOTE:
*
will be done based on Momentum Call
 
3
Eagle EyeFebruary 15, 2008
HomeNextFor Private Circulation only
Smart Charts
DateRecommendationActionStop Loss/Stop Loss/Buy/SellClosingPotential %TargetsReversalReversalPricePriceP/L at(Intra-day)DCL(CMP)CMP
14-02-08
SunflagBuy-21.026.026.10%36-45
13-02-08
SAIL
Buy-184.0199.0
213.8
7%219-23913-02-08
Bank of India
Buy-324.0352.0
374.1
6%414-46413-02-08
ICICI Bank
Buy-1044.01104.0
1162.4
5%1230-135013-02-08
Kotak Bank
Buy-764.0858.0
869.8
1%999-105412-02-08
Reliance Industries
Buy-
2395.0
2365.0
2514.7
6%2494-262705-02-08
Birla Corporation
Buy-199.0234.0
225.3
-4%285-34523-01-08
IDFC
Buy-169.0195.0
199.1
2%230-27023-01-08
Ispat
Buy-34.943.7
42.1
-4%59-7823-01-08
Alembic
Buy-54.664.0
56.8
-11%85-10423-01-08
Hind Oil Expl
Buy-79.297.0
111.9
15%124-16923-01-08
Nahar Inds
Buy-
Stopped Out
108.0
81.5
-25%150-211
NOTE:
Kindly note that all stop losses in Momentum Calls are on an intra-day basis.
TPB:
Trailing profit booked
Momentum Calls
For the short term—1 to 5 days
Stock Action Action date Stop loss Price Closing price Target1 Target2
Sterlite IndustriesBuy14-02-08779.0769.0784.8789.0809.0Crompton GreavesBuy14-02-08299.9297.0307.8305.0315.0Sasken CommBuy14-02-08126.8130.0128.0133.5137.0TTMLBuy14-02-0834.435.036.537.039.0Bharat PetrolBuy14-02-08Book profit429.0459.0445.0460.0Shipping CorpBuy14-02-08Book profit208.0210.5212.0217.0Dena Bank
Buy13-02-08
Book profit
62.7
67.0
65.067.0
Tata Steel
Buy13-02-08
Profit Booked
746.0
780.0
764.0780.0
DCB
Buy13-02-08
Book profit
104.0
107.3
106.0108.0
NOTE:
Kindly note that all stop losses in Momentum Calls are on an intra-day basis.
TPB:
Trailing profit booked
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