May 28, 2009| Daily Technical

Daily Calls

Sensex: We said, "with short term technical position turning oversold it may attract buyers.
Confirmation of strength requires move above 13995." Market did attract buyers and also confirmed
strength by moving above 13995. While Sensex closed 3.8% higher, Realty and Bankex had gained
over 5%. A/D ratio was healthy 9:1.

The action formed Belt Hold Line Bull candle confirming support near last Monday's gap-up area. It
also indicates that the 5-day corrective phase, which corrected about 44% of 3-day post-election-
results-rally, may be over, and Sensex may be resuming rally. Failure to sustain above 14123 may,
however, see a temporary dip.

Nifty Futures (NIFTY)

CMP : 4284.25

Comment : Future goes into premium

of 8 points from discount of
2. Held strongly the 50%
correction level to last
segment of rally. Reverse if
fails to reach / sustain
above 4325.

Action : Buy above 4242

Targets : 4325 / 4360 / higher

Stop-loss : 4240
 GAIL (GAIL)

CMP: 285.35

Taking support from the gap

Comment: up and support from 20-day
SMA.

Action : Buy above 286

Targets: 290 / 293 / Higher

Stop-loss 284

TCS (TCS)

CMP: 648.85

Price above 20 days SMA

Comment: and price rise with
volume

Action : Buy above 649.50

Targets: 659 / 665 / Higher

Stop-loss 645

HINDUSTAN UNILEVER (HINLEV)

CMP: 230.60

Taking resistance at 50-

Comment: day SMA & price fall with
volume.

Action : Sell below 230

Targets: 227 / 225 / Lower

Stop-loss 232
ACC (ACC)

CMP: 713.90

Price fall with volume and

Comment: RSI in sell mode.

Action : Sell below 711

Targets: 701 / 695 /Lower

Stop-loss 716

Previous day's Performance Review (27th May’2009)

Counter Action Targets Comments Return opportunity
Nifty Buy above 4125 4200 / 4252/ + Gained : 4182 to 4294 112 points
Hindalco Buy above 81.50 83 / 85 /+ Gained: 81.75 to 83 1.53%
Hero Honda Buy above 1343 1360 / 1370 /+ Gained: 1343 to 1360 1.27%
Wipro Buy above 377 382 / 388 / + No Trade 0.00%
0.00%
Power Grid Sell below 106.50 105 / 104 /- No Trade

Nifty Points gained for the day: 112 Cum. gains over last 35 days: 2401 points

Stock profits: Average 1.40% per trade Cum. Profits over last 35 days: 266.45%

Strike Rate for the day: 2/2 Cum. Strike Rate over 35 days: 85/101 (84.16%)

Performance: 2007-08 Performance: 2008-09

Nifty Points gained: 16627 Nifty Points gained: 14524

Stock Profits: 783.2% Stock Profits: 956.46%
Strike Rate: 90% Strike Rate: 88.25%
STOCK CLOSE S1 S2 S3 R1 R2 R3 TREND

SENSEX 14109.64 14056.95 13971.35 13885.75 14228.15 14394.10 14560.05 +ve

NIFTY 4276.05 4251.00 4208.20 4165.40 4336.60 4377.55 4418.50 +ve

ACC 711.10 691.65 683.45 675.30 710.90 720.50 730.15 -ve

ANDHRA BANK 89.35 88.45 87.65 86.45 90.05 90.85 92.10 Neutral

ARVIND 31.80 31.15 29.75 28.35 33.95 34.85 35.80 +ve

BAJAJ HOLDING 372.90 367.55 362.10 355.35 378.40 383.85 390.55 Neutral

BALAJI TELE 58.40 57.25 56.20 54.45 59.40 60.50 62.25 Neutral

BOB 435.40 433.45 429.35 423.95 441.60 445.65 451.10 Neutral

BOI 332.45 332.20 328.85 325.45 338.95 345.65 352.35 +ve

BEL 1318.25 1308.40 1297.15 1276.20 1330.90 1342.15 1363.10 Neutral

BPCL 458.55 457.00 451.75 446.45 467.50 476.60 485.65 +ve

BHEL 2082.85 2071.90 2051.90 2031.90 2111.90 2133.90 2155.90 +ve

CANARA BANK 283.85 282.60 280.05 277.50 287.65 291.35 295.00 +ve

CENTURY TEXT. 423.85 420.05 412.35 404.60 435.45 449.40 463.30 +ve

CIPLA 221.95 220.10 218.10 215.65 224.20 226.20 228.65 Neutral

DR.REDDY'S LAB. 674.35 673.35 668.25 663.15 683.55 689.35 695.20 +ve

GAIL 284.50 283.70 281.75 279.75 287.60 291.40 295.15 +ve

GEOMETRIC 28.35 28.35 28.00 27.60 29.10 29.80 30.50 +ve

GRASIM 2246.60 2228.20 2191.50 2154.75 2301.65 2323.55 2345.40 +ve

AMBUJA CEMENT 89.60 87.90 87.05 86.20 89.70 90.65 91.55 -ve

HCL TECH 174.95 173.10 169.75 166.45 179.75 183.35 186.95 +ve

HDFC BANK 1409.10 1403.75 1390.85 1377.90 1429.65 1454.20 1478.75 +ve

HDFC 2170.85 2167.10 2147.40 2127.75 2206.50 2240.75 2275.00 +ve

HERO HONDA 1359.05 1356.35 1340.85 1325.35 1387.35 1402.60 1417.85 +ve

HEXAWARE TECHNOL 45.40 45.50 44.95 44.40 46.60 48.10 49.60 +ve

HINDALCO 81.40 81.70 80.60 79.55 83.85 85.55 87.25 +ve

HINDUSTAN UNILEVER 230.15 227.75 226.10 224.50 230.35 231.65 232.95 -ve

HPCL 337.30 335.55 333.55 326.85 339.55 341.50 348.25 Neutral

HINDUJA TMT 212.65 211.20 207.05 202.90 219.45 226.75 234.00 +ve

ICICI BANK 710.25 706.05 697.70 689.35 722.80 739.45 756.15 +ve

IDBI 90.40 90.15 89.35 88.50 91.75 93.80 95.80 +ve

I-FLEX SOLUTION 1115.25 1105.35 1080.10 1054.85 1155.80 1180.50 1205.15 +ve

IOC 575.35 573.95 569.90 565.80 582.15 589.85 597.55 +ve

INFOTECH ENT. 173.70 173.95 172.20 170.45 177.45 178.55 179.65 +ve

INFOSYS 1588.15 1584.30 1574.10 1563.85 1604.70 1619.25 1633.75 +ve

ITC 184.10 179.95 177.55 175.20 183.90 185.90 187.90 -ve

JINDAL SAW 367.80 367.55 364.55 361.55 373.55 386.55 399.55 +ve

KPIT CUMMINS 52.40 52.05 50.90 49.70 54.40 55.70 56.95 +ve

LARSEN & TOUBRO 1312.20 1306.75 1296.35 1285.95 1327.55 1352.45 1377.40 +ve

LIC HOUSING 479.80 476.15 468.45 460.80 491.50 500.35 509.20 +ve
M&M 626.10 625.50 620.85 616.20 634.75 648.10 661.45 +ve

MARUTI SUZUKI 974.50 971.20 962.00 952.80 989.60 997.60 1005.60 +ve

MASTEK 247.30 245.00 240.30 235.55 254.45 260.90 267.35 +ve

MTNL 105.00 103.85 101.35 98.85 108.80 111.65 114.50 +ve

NALCO 357.70 354.95 349.70 344.45 365.45 371.10 376.75 +ve

NTPC 202.05 197.25 193.70 190.15 202.05 204.45 206.85 -ve

ONGC 1105.55 1094.20 1070.95 1047.70 1140.70 1157.00 1173.25 +ve

OBC 186.35 186.00 183.70 181.40 190.65 192.75 194.90 +ve

POLARIS 92.45 91.95 90.60 89.30 94.55 97.35 100.10 +ve

PNB 658.70 658.45 654.45 650.45 666.45 677.80 689.10 +ve

RANBAXY 261.90 259.80 255.65 251.50 268.10 276.95 285.75 +ve

RELIANCE INFRA. 1288.35 1266.05 1228.30 1190.55 1341.55 1362.45 1383.35 +ve

RELIANCE 2186.35 2183.80 2170.65 2157.55 2210.10 2232.15 2254.20 +ve

ROLTA INDIA 114.95 113.60 112.25 108.65 116.40 117.80 121.40 Neutral

SAIL 154.25 154.20 152.30 150.35 158.05 160.85 163.60 +ve

SATYAM 53.85 54.10 53.50 52.95 55.25 57.35 59.45 +ve

SCI 130.30 129.95 128.35 126.75 133.15 136.15 139.15 +ve

SBI 1792.90 1780.25 1757.85 1735.45 1825.00 1852.80 1880.60 +ve

SYNDICATE BANK 75.90 75.90 74.95 74.00 77.80 79.25 80.65 +ve

TATA CHEMICALS 221.80 221.00 218.80 216.55 225.45 233.35 241.20 +ve

TATA MOTORS 343.85 342.15 337.80 333.40 350.90 358.90 366.90 +ve

TATA POWER 1091.45 1090.35 1081.90 1073.45 1107.20 1127.60 1147.95 +ve

TATA TEA 700.45 694.95 688.55 681.05 707.75 714.20 721.65 Neutral

TCS 648.55 646.15 640.85 635.55 656.75 663.15 669.50 +ve

TATA STEEL 373.50 370.00 366.85 360.65 376.30 379.45 385.70 Neutral

UBI 198.85 200.30 196.90 193.45 207.10 211.55 215.95 +ve

TATA COMM. 521.90 504.25 489.30 474.35 525.75 536.50 547.25 -ve

WIPRO 379.25 379.30 375.10 370.95 387.65 390.90 394.15 +ve

ZEE 176.70 176.15 174.15 172.15 180.15 185.65 191.15 +ve

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 NOTES :

• The Sell below / above price is a key technical level which decides the trend for the day
• Once the call is initiated, an appropriate Stop Loss trigger should be put for the trade
• Once into position, put trailing stops to preserve your profits

• Be careful if the counter achieves the target immediately after opening

• The strategies are valid only for the date mentioned at the top

• Positions should be squared off by the end of the day

• Only stocks in derivatives segment have been considered for daily trading

• Chart shows 50 days on NSE cash market, with 5/8/13/21 day EMAs, volumes & 5-day Slow
Stochastics

• The vertical grids show weeks, horizontal grids are price-aligned

• The writer may have position in the stocks discussed

• The strategies are based on intra-day volatility, suggesting a two-way approach intra-day

• Medium to long-term prospects of a stock does not have any bearing on the daily view

MOST IMP: The follow-up and performance review table of the strategies indicates the profit opportunity
that was available in the strategies. Individual profits may vary, depending upon the entry and exit price and
stop losses.

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