Money Trend

S&P CNX Nifty

Daily Chart

01 January 2013

hR
Synopsis

CMP 5905

Yet another lacklustre session for the index as NIFTY traded

within a tight range of 5919-5897 and settled with marginal losses.

Broadly, the index has been consolidating within the range of

5940-5840 over the last 2-3 weeks and yesterdays action forms part of the same.

Until a decisive breach on either side is seen the nondirectional action is likely to continue with dips finding support near 5840 and gains finding resistance near 5940.

A close above 5940 could lead way for gains towards 6000
and even higher while a fall below 5840 would trigger profit booking and leave scope for correction towards the mediumterm rising trend line support near 5750/5700.

Close
5905

R1
5940

R2
5965

R3
6000

S1
5865

S2
5823

S3
5777

Momentum
14 Days RSI MACD 12, 26, 9 Stochastic (5,3,3) 58 38 57 21 EMA 55 EMA

Moving Average
5860 5758 5488

Outlook and Strategy

Short-term resistance is seen near 5940 and support near 5840, until a decisive breach on either side is seen NIFTY could continue to trade choppy within these levels.

200 EMA

Bank Nifty Futures

Daily Chart
13200 13100 13000 12900 12800 12700 12600 12500 12400 12300 12200

CMP 12575
Synopsis
Bank Nifty traded in a range bound manner failing to breach
past the crucial resistance at 12600.

12600

The index is stuck in a range 12200 -12600 since last 3

weeks; until the range is breached the index is likely to trade in a choppy manner within the band.

12250 Stuck in range

12100 12000 11900 11800 11700 11600 11500 11400 11300 11200

Currently the index is hovering just below the upper band of

the range. A decisive breach above 12600 would be needed to conclude a resumption of uptrend towards 13000/13200 levels

Failure to breach past 12600 would once again invite selling

pressure pushing prices lower towards12400-12300.

With this range bound action of almost 3 weeks, the index is

now hovering above the lower band of the rising channel. Thus the confluence of rising channel and the sideways range is likely to underpin prices.

90 80 70 60 50 40 30 20 10

22

29

5 Novem ber

12

19

26

3 10 December

17

24

31 2013

14

Close
12575

R1
12630

R2
12700

R3
12800

S1
12500

S2
12400

S3
12300

Momentum
14 Days RSI MACD 12, 26, 9 Stochastic (5,3,3)
Ach

Moving Average
64 176 80 21 EMA 55 EMA 200 EMA 12340 11914 10980

Outlook and Strategy

The index is stuck in a range 12200 -12600 since last three weeks; until the range is breached the index is likely to trade in a choppy manner within the band

Aditya Birla Money Limited

2nd Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400

Page No: 1

Money Trend
PIVOTPOINTSCashlevels
Scrip Name NIFTY BANKNIFTY CNXIT ABAN ABB ABGSHIP ABIRLANUVO ACC ADANIENT ADANIPOWER ALBK AMBUJACEM ANDHRABANK AIL APOLLOTYRE ALSTOMT&D ASHOKLEY ASIANPAINT AUROPHARMA AXISBANK BAJAJ-AUTO BAJAJHIND BALRAMCHIN BANKBARODA BANKINDIA BEL BEML BGRENERGY BHARATFORG BHARTIARTL BHEL BHUSANSTL BIOCON BOSCHLTD BPCL Close 5905 12474 6025 379 701 361 1096 1432 271 62 170 201 118 412 89 187 27 4433 189 1357 2131 25 49 866 343 1308 279 261 252 317 228 480 287 9517 356 RB2 5937 12589 6072 386 713 369 1123 1466 278 64 176 205 120 441 92 193 27 4533 195 1383 2173 26 51 890 357 1384 283 272 258 325 233 497 295 9931 366 RB1 5921 12524 6046 383 707 365 1104 1444 275 63 172 203 119 423 90 190 27 4473 193 1370 2153 26 50 877 349 1337 281 266 255 321 230 485 290 9664 359 PP 5907 12472 6026 380 702 361 1089 1426 272 62 170 202 118 409 88 188 27 4425 190 1360 2136 25 49 867 343 1300 280 262 253 318 228 476 286 9449 354

01 January 2013

SB1 5894 12419 6005 376 697 358 1074 1408 270 61 167 200 117 395 87 185 27 4376 188 1349 2119 25 49 856 336 1262 278 257 250 315 226 467 282 9233 349

SB2 5877 12354 5979 373 692 354 1055 1386 267 60 164 198 115 377 85 182 27 4317 185 1336 2098 24 48 843 328 1215 276 252 247 311 223 455 277 8966 343

Scrip Name BRFL CAIRN CANBK CENTURYTEX CESC CHAMBLFERT CHENNPETRO CIPLA COLPAL CONCOR COREEDUTEC CROMPGREAV CUMMINSIND DABUR DCHL DENABANK DISHTV DIVISLAB DLF DRREDDY EDUCOMP ESSAROIL EXIDEIND FEDERALBNK FINANTECH FORTIS FSL GAIL GESHIP GLAXO GMDCLTD GMRINFRA GODREJIND GRASIM

Close 244 319 497 415 318 68 138 414 1567 920 317 116 519 129 #N/A 115 76 1104 231 1830 140 70 144 538 1130 115 12 357 264 2168 216 19 310 3170

RB2 251 324 506 427 330 69 141 424 1624 938 327 118 541 132 #N/A 118 78 1161 239 1848 146 73 151 550 1166 119 12 366 281 2323 238 21 319 3209

RB1 246 321 501 421 323 68 139 419 1588 927 322 117 529 130 #N/A 116 77 1125 234 1836 143 72 147 544 1146 117 12 360 273 2235 225 20 314 3182

PP 243 319 497 416 318 67 138 416 1558 919 318 116 520 129 #N/A 115 76 1097 229 1826 140 70 143 538 1129 115 12 355 266 2164 214 19 311 3161

SB1 239 317 492 411 313 67 137 412 1529 910 313 115 511 128 #N/A 114 75 1068 225 1816 138 69 140 533 1112 114 12 350 260 2093 203 18 307 3140

SB2 234 315 487 405 306 66 135 408 1492 900 308 114 500 127 #N/A 113 74 1032 219 1804 135 68 136 526 1092 112 12 344 251 2005 190 18 303 3114

PP= Pivot Point

RB1= Fibonacci Resistance 1 RB2=Fibonacci resistance 2

SB1= Fibonacci support 1

SB2= Fibonacci support 2

How to trade Pivot points: If stock opens above Pivot point then go LONG, and keep SB1 as the stop loss for a possible target of RB1 / RB2. If stock opens below Pivot point then go SHORT and keep RB1 as the stop loss for a possible target of SB1 / SB2

Aditya Birla Money Limited

2nd Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400

Page No: 2

Money Trend
Scrip Name GSPL GTL GTLINFRA GTOFFSHORE GVKPIL HCC HCLTECH HDFC HDFCBANK HDIL HEROMOTOCO HEXAWARE HINDALCO HINDPETRO HINDUNILVR HINDZINC HOTELEELA IBREALEST ICICIBANK ICSA IDBI IDEA IDFC IFCI INDHOTEL INDIACEM INDIAINFO INDIANB INFY IOB IOC JSWISPAT ITC IVRCLINFRA JETAIRWAYS Close 77 27 4 93 14 18 619 829 679 112 1901 85 131 291 525 136 30 75 1138 15 111 104 171 34 63 91 86 199 2319 86 270 10 287 46 559 RB2 80 28 4 96 14 19 639 841 686 115 1932 87 135 301 533 139 31 79 1152 16 114 106 175 35 64 94 91 207 2344 88 277 11 292 47 577 RB1 78 28 4 95 14 18 629 835 681 113 1916 86 132 296 528 138 30 76 1145 15 112 105 173 34 64 92 88 202 2328 86 273 11 290 46 567 PP 77 27 4 94 14 18 621 830 678 111 1903 85 130 292 524 136 30 74 1139 15 111 104 172 33 63 90 86 198 2316 86 269 10 287 45 560

01 January 2013

SB1 76 27 4 93 13 18 613 825 674 109 1890 84 128 288 520 135 29 72 1133 15 110 103 170 32 63 89 84 193 2303 85 266 10 285 45 553

SB2 74 27 4 91 13 17 603 820 669 107 1874 83 126 283 514 134 29 70 1125 15 109 102 168 31 62 87 81 188 2287 84 261 10 283 43 543

Scrip Name JINDALSAW JINDALSTEL JISLJALEQS JPASSOCIAT JPPOWER JSWSTEEL KFA KOTAKBANK KSOILS LICHSGFIN LITL LT LUPIN M&M MARUTI MCDOWELL-N MCLEODRUSS MERCATOR MPHASIS MRPL MTNL ADANIPORTS NCC NATIONALUM NEYVELILIG NHPC NOIDATOLL NTPC OFSS ONGC ONMOBILE OPTOCIRCUI ORBITCORP

Close 129 448 75 97 38 812 15 650 4 291 14 1607 614 932 1490 1899 350 20 384 61 26 135 58 49 81 25 23 156 3293 268 43 107 54

RB2 138 461 77 99 39 830 16 660 4 298 14 1641 623 944 1535 1941 361 21 393 63 27 139 61 51 83 26 23 158 3410 272 45 111 57

RB1 133 455 76 98 38 822 16 654 4 295 14 1624 618 936 1514 1920 356 21 389 62 27 137 59 50 82 26 23 157 3348 269 44 109 55

PP 128 449 75 97 38 815 15 650 4 292 14 1611 615 930 1497 1903 351 20 386 61 26 134 57 49 81 26 23 157 3297 268 43 107 54

SB1 124 444 74 96 37 807 14 646 4 290 13 1598 611 924 1480 1886 347 20 382 59 26 132 55 49 80 25 22 156 3247 266 42 106 53

SB2 119 437 73 95 36 799 14 640 4 286 13 1581 606 916 1459 1864 341 20 378 58 26 130 52 48 79 25 22 155 3185 263 40 104 52

PP= Pivot Point

RB1= Fibonacci Resistance 1 RB2=Fibonacci resistance 2

SB1= Fibonacci support 1

SB2= Fibonacci support 2

How to trade Pivot points: If stock opens above Pivot point then go LONG, and keep SB1 as the stop loss for a possible target of RB1 / RB2. If stock opens below Pivot point then go SHORT and keep RB1 as the stop loss for a possible target of SB1 / SB2

Aditya Birla Money Limited

2nd Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400

Page No: 3

Money Trend
Scrip Name ORCHIDCHEM ORIENTBANK PANTALOONR PATELENG PETRONET PFC PEL PNB POLARIS POWERGRID PRAJIND PTC PUNJLLOYD RANBAXY RCOM RECLTD RELCAPITAL RELIANCE RELINFRA RENUKA ROLTA RPOWER RUCHISOYA SAIL SIMPLEX SBIN SCI SESAGOA SIEMENS SINTEX SOBHA Close 101 350 257 80 157 204 522 871 114 115 48 74 60 503 74 245 480 840 521 32 61 93 64 91 39 2386 54 195 668 65 380 RB2 103 361 265 82 162 207 574 907 117 117 49 75 63 511 76 251 489 860 529 33 63 95 68 93 44 2422 56 200 677 68 402 RB1 102 354 261 81 160 205 549 883 116 115 49 74 61 507 75 247 484 850 524 32 62 94 66 92 42 2401 55 197 673 66 391 PP 101 349 258 80 158 204 529 864 115 114 48 74 60 503 74 244 480 842 521 32 61 94 65 91 40 2384 54 196 669 65 383

01 January 2013

SB1 100 343 254 80 156 202 509 844 114 113 47 73 59 499 73 241 477 834 517 31 61 93 63 90 38 2366 54 194 665 64 374

SB2 99 336 250 79 154 200 484 820 112 112 47 73 58 495 72 237 472 824 513 30 60 92 62 89 36 2345 53 191 660 63 364

Scrip Name SRTRANSFIN STER STERLINBIO SUNPHARMA SUNTV SUZLON SYNDIBANK TATACHEM TATACOMM TATAGLOBAL TATAMOTORS TATAPOWER TATASTEEL TCS TECHM TITAN TRIVENI TTML TULIP UCOBANK UNIONBANK UNIPHOS UNITECH VIDEOIND VIJAYABANK VOLTAS WELCORP WIPRO YESBANK ZEEL

Close 757 117 5 736 427 19 128 354 236 160 313 110 429 1256 932 284 19 12 33 79 274 130 34 215 62 106 106 395 464 221

RB2 789 120 5 748 438 20 132 360 249 163 318 113 436 1277 951 290 19 12 36 81 285 135 35 221 64 108 110 403 476 228

RB1 773 118 5 742 431 20 130 356 242 162 315 111 432 1266 939 286 19 12 34 80 280 133 34 218 63 107 108 399 470 224

PP 760 117 5 737 425 19 129 353 237 160 312 110 429 1258 929 283 19 12 33 79 276 131 34 215 62 106 106 395 465 221

SB1 746 116 5 732 419 18 127 350 231 159 309 109 426 1249 919 280 18 12 32 78 271 129 33 213 62 104 105 392 460 218

SB2 730 114 5 726 412 17 125 346 224 157 306 107 423 1239 907 277 18 12 30 77 266 126 33 210 61 103 103 387 455 214

PP= Pivot Point

RB1= Fibonacci Resistance 1 RB2=Fibonacci resistance 2

SB1= Fibonacci support 1

SB2= Fibonacci support 2

How to trade Pivot points: If stock opens above Pivot point then go LONG, and keep SB1 as the stop loss for a possible target of RB1 / RB2. If stock opens below Pivot point then go SHORT and keep RB1 as the stop loss for a possible target of SB1 / SB2

Aditya Birla Money Limited

2nd Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400

Page No: 4

Money Trend

01 January 2013

Research Team
Vivek Mahajan Head of Research 022-42333522 vivek.mahajan@adityabirla.com Hemant Thukral Head Derivatives Desk 022-42333483 hemant.thukral@adityabirla.com

Fundamental Team
Avinash Nahata Akhil Jain Sunny Agrawal Sumit Jatia Shreyans Mehta Dinesh Kumar Pradeep Parkar Head of Fundamental Desk Metals & Mining/ Mid Caps FMCG/Cement/ Mid Caps Banking & Finance Construction/Real Estate Information Technology/Auto Database Analyst 022-42333459 022-42333540 022-42333458 022-42333460 022-42333544 022-42333531 022-42333597 avinash.nahata@adityabirla.com akhil.jain@adityabirla.com sunny.agrawal@adityabirla.com sumit.jatia@adityabirla.com shreyans.m@adityabirla.com dinesh.kumar.k@adityabirla.com pradeep.parkar@adityabirla.com

Quantitative Team
Rizwan Khan, CMT Jyoti Nangrani, CMT Raghuram Rahul Tendolkar Amit Somani Technical and Derivative Strategist Sr. Technical Analyst Technical Analyst Derivatives Analyst Derivative Analyst 022-42333534 022-42333537 022-42333454 022-42333532 022-42333532 rizwan.khan@adityabirla.com jyoti.nangrani@adityabirla.com raghuram.p@adityabirla.com rahul.tendolkar@adityabirla.com Amit.somani@adityabirla.com

Advisory Support
Indranil Dutta Suresh Gardas Sandeep Pandey Advisory Desk HNI Advisory Desk Advisory Desk 022-42333494 022-30442101 022-30004011 indranil.dutta@adityabirla.com suresh.gardas@adityabirla.com sandeep.pandey@adityabirla.com

ABML research is also accessible in Bloomberg at ABMR

Aditya Birla Money Limited

2nd Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400

Page No: 5

Money Trend
Disclaimer:

01 January 2013

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Aditya Birla Money Limited

2nd Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400

Page No: 6