(equities)

July 07, 2011 6:00am IST

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Punters Call

Dry out
Markets on July 06, 2011: Support @ 5580

Nifty Chart: 5,622

- NSE50 [NIFTY] (5,622.70, 5,655.40, 5,610.75, 5,621.45, -9.69971)

6400
6350
6300
6250

The Nifty has been trading in a very tight range between

5600 and 5700. A break out on either side will decide the
trend in the short term.

6200
6150
6100
6050
6000
5950
5900
5850

The Nifty opened on a negative note and was consolidating

around the level of 5630 throughout the day before closing
in the negative. The overall rise from the double bottom
appears to be an impulse. Hence 5177 becomes a medium
term bottom. A wave 2 down is forming in the short term
till at least 5580. The Nifty has formed a hammer
candlestick pattern on the monthly charts. So we maintain
our medium term bias up, however, we change our shortterm bias to down for a wave 2 retracement. On the daily
chart, the Nifty is trading above its 20 daily moving
average (DMA) and 40 DEMA ie 5483 and 5523
respectively, which are its crucial levels in the short term.
The daily momentum indicators have given a positive
crossover and are trading above the zero line.

5800
5750
5700
5650
5600
5550
5500
5450
5400
5350
5300
5250
5200
5150
5100
KST (3.05903)
5

-5
September

October

November

December

2011

February

March

April

May

June

July

60 minute chart
5750

- NSE50 [NIFTY] (5,636.90, 5,645.40, 5,619.25, 5,621.45, -15.7500)

0.0%

On the hourly chart, the Nifty is trading around its 20

HMA and 40 HMA ie 5639 and 5608 respectively, which
are its crucial levels in the immediate run. The hourly
momentum indicators have given a negative crossover
and are trading above the zero line. The market breadth
was negative with 714 advances to 725 declines on the
NSE.

5700
5650

23.6%

5600

5550

38.2%

5500
50.0%
5450
61.8%
5400

5350

5300

100.0%

The Nifty ended in the negative with a loss of 7 points

while the Sensex declined by 18 points in todays trading.
Of the 30 stocks of the Sensex, Tata Motors (up 1.51%)
and HDFC (up 1.38%) were among the highest gainers
while Reliance Communications (down 2.76%) and ICICI
Bank (down 2.08%) were among the highest losers.

5250

5200

KST (-0.20330)

31

1
2
June

10

13

14

15

16

17

20

21

22

23

3.0
2.5
2.0
1.5
1.0
0.5
0.0
-0.5
-1.0
-1.5
-2.0
24

27

28

29

30

1
July

Market Breadth
BSE

NSE

Advances

1,492

714

Declines

1,418

725

Unchanged

124

73

Volume (Rs)

2,654cr

9,855cr

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Short Term Trend

Target
Sensex

19100
18160

Nifty

5750
5450

Trend




Reversal

Support / Resistance

Down
Up above
below19031
17700

17000
18160// 19031
18070

Down
Up above
below5706
5320

5100
5450// 5706
5380

Medium Term Trend

Medium

Target
Sensex

16000
19650

Nifty

4780
5900

Trend






Up

Reversal

Support / Resistance

Down
Up above
below18380
18000

16000 / 19650
18000
18380

Down
Up above
below5520
5390

4780 / 5900
5390
5520

Icon guide
Down

Upswing matures

Downswing matures

Trendy Levels
Levels
Sensex
Sensex
Support
Support

Nifty
Nifty
Resistance
Resistance

18800
18621
19300
18821
18538
18921
18693
19700
18405
19018
18182
20062
20DSMA
40DEMA
20DSMA
40DEMA
18265
18405
20390
19941
BSE Sensex: 18,728
BSE Sensex: 19013

For Private Circulation only

Eagle Eye

Support
Support

Resistance
Resistance

5700
5590
5565
5616
5525
5514
20DSMA
20DSMA
5482
6096

5847
5650
5680
5993
5709
6078
40DEMA
40DEMA
5523
5958
Nifty: 5,622
Nifty: 5705

July 07, 2011

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Smart Charts
Date

Recommendation

06-07-11
06-07-11
05-07-11
29-06-11

JSW Steel
Tata Coffee
Bhushan Steel
Reliance Industries

Action

Stop Loss/
Reversal
(Intra-day)

Stop Loss/
Reversal
DCL

Buy/Sell
Price

Closing
Price
(CMP)

Potential %
P/L at
CMP

Targets

Buy
Buy
Buy
Buy

870.0
839.0
419.0
830.0

893.0
889.0
451.8
881.0

888.9
877.2
448.3
852.6

-0.5%
-1.3%
-0.8%
-3.2%

930-948
940-1000
485-525
980-1100

Potential %

Target1

Target2

NOTE: Kindly note that all stop losses in Smart Charts Calls are on closing basis unless specified.
TPB: Trailing profit booked

Momentum Calls
For the short term1 to 5 days

Stock

Action
Date

Action

Stop loss

Price

Closing
price

Allahabad Bank

06-07-11

Buy

194.7

198.5

198.1

-0.2%

203.0

207.0

TCS

06-07-11

Buy

1,171.5

1,188.3

1,180.3

-0.7%

1,213.0

1,237.0

Reliance Industries

06-07-11

Buy

Stopped Out

854.1

842.0

-1.4%

872.0

889.0

Bharti Airtel

06-07-11

Buy

379.5

385.2

383.2

-0.5%

393.0

401.0

LNT

06-07-11

Buy

1,771.0

1,799.0

1,806.8

0.4%

1,835.0

1,871.0

Sun TV

05-07-11

Buy

325.0

332.1

333.0

0.3%

340.0

346.0

Indian Oil

05-07-11

Buy

Stopped Out

340.2

334.0

-1.8%

347.0

354.0

RPower

05-07-11

Buy

115.4

118.8

117.4

-1.2%

121.0

125.0

Cipla

04-07-11

Buy

326.0

331.0

327.5

-1.1%

337.8

341.0

P/L at CMP

Coal India

04-07-11

Buy

Book Profit

393.0

398.0

1.3%

401.1

404.8

JSW Steel

30-06-11

Buy

869.0

883.5

888.9

0.6%

900.0

915.0

Closing
price

Potential %

Target1

Target2

P/L at CMP

5619.0

-0.3%

5675.0

5695.0

NOTE: Kindly note that all stop losses in Momentum Calls are on an intra-day basis.
TPB: Trailing profit bookeds
NOTE : Action taken after market hours will be highlited in blue colour.

Nifty Idea
Index
Nifty

Action
Date

Action

06-07-11

Buy

Stop loss

Price

Stopped Out

5635.6

NOTE: Kindly note that all stop losses in Momentum Calls are on an intra-day basis.
TPB: Trailing profit bookeds
NOTE : Action taken after market hours will be highlited in blue colour.

For Private Circulation only

Eagle Eye

July 07, 2011

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Day Traders HIT List

For July 07, 2011
Scrip Name
NIFTY Futures

Support Levels
S2
S1
5560.0

5600.0

Close
(Rs)
5635.0

Resistance Levels
R1
R2
5667.0

5705.0

Action
Go short below S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Bank Nifty Futures 10800.0 11000.0

11315.0

11525.0

11725.0

Sell on rise to R1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Bata

550.0

572.0

614.0

620.0

645.0

Buy on decline to S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Bharti Tele

369.0

374.0

383.0

389.0

394.0

Buy on decline to S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

DLF

215.0

224.0

230.0

241.0

248.0

Go Long AboveR1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Hindalco

180.0

184.0

188.9

193.0

196.0

Go short below S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

HUL

322.0

326.0

329.7

335.0

339.0

Go long with stop loss below S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

ICICI Bank

1045.0

1060.0

1073.0

1099.0

1119.0

Buy on decline to S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

IDFC

129.0

131.0

135.7

139.0

143.0

Go short below S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Infosys

2850.0

2900.0

2952.0

2720.0

2760.0

Go short below S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

LIC Housing

214.0

220.0

224.3

235.0

240.0

Go short below S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

LNT

1720.0

1760.0

1804.0

1825.0

1860.0

Go Short with stop loss above R1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

ONGC

262.0

268.0

273.8

279.0

284.0

Buy on decline to S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Reliance Industries

825.0

841.0

852.0

867.0

879.0

Buy on decline to S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

SBI

2340.0

2385.0

2443.0

2480.0

2530.0

Sell on rise to R1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Tata Motors

994.0

1014.0

1033.0

1046.0

1064.0

Sell on rise to R1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

TCS

1140.0

1160.0

1180.0

1205.0

1220.0

Sell on rise to R1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

TISCO

584.0

589.0

597.0

603.0

610.0

Go Long AboveR1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Titan

214.0

220.0

224.0

228.0

234.3

Sell on rise to R2

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

Yes Bank

317.0

321.0

326.2

332.0

336.0

Go short below S1

......................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................

*Note: Closing price of Nifty futures is last traded price of Nifty futures on NSE

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Eagle Eye

July 07, 2011

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