Daily Technical Report

F O R P R I V A T E C I R C U L A T I O N O N L Y

19 June 2 0 0 8

NIFTY 4582.40
Intra Day
Volatility 109 pts
S1 4541.62
S2 4488.00
R1 4641.42
R2 4690.00

SENSEX 15422.31
Intra Day
Volatility 351 pts
S1 15278.48
S2 15134.65
R1 15605.96 S&P Nifty (4582.40 points) (-70.60 pts)
R2 15897.50
Once again the Bears tightened their grip suppressing the pullback
below 4700 points. During the morning session the frontline stocks
TREND Direction moved up in rotation holding the Indices in positive territory but
later the Bulls attacked with full vigil. Short selling coupled with
Short Term DN
some bull liquidation nullified the entire previous day’s gains. The
Medium Term DN A/D ratio was marginally negative but the volumes were higher
than the previous session.
Long Term UP
Reliance group and Banking stocks led the decline and with others
joining the Nifty marginally breached the support at 4581 in the fag
AVERAGES end of trading. It completed the 38.2% retracement (4674) of the fall
Daily from 5167-4369 points. Unless 4756 points (16K on BSE) is not
decisively crossed the short term trend remains down. Support in
13 sma 4591.12 declines is at 4488 and 4390 points.
34 sma 4865.40
89 sma 4911.41 Intraday, 4532 points is the support in the Nifty. A decisive breach
of it would indicate more pain for the Bulls. Pivot is pegged at 4610
points while resistance is at 4664-4674 points. Those who booked
NIFTY Intra Week part profits in rallies (mentioned yesterday) saved themselves from
Volatility 244 pts the 110 points slide. The Bears have put the ball back in the Bulls
S1 4382.56 court. They need to absorb the selling pressure without any further
damage (last week low). A tussle in on; protect your positions.
S2 4247.80
R1 4639.10
R2 4772.45
 Intra Day Range for 19/06/2008
Scrip Close R1 R2 S/R S2 S1

A.C.C. 643.20 663.10 683.05 647.55 612.05 627.60

ABB LTD. 959.95 969.30 978.65 960.65 942.65 951.30

BHARTI TELE 811.40 831.90 852.45 818.45 784.45 797.90

BHEL 1498.70 1548.60 1598.50 1514.30 1430.10 1464.40

BOM DYEING 742.80 770.80 798.85 753.95 709.05 725.90

CENTURY TEXT 605.85 629.15 652.40 614.60 576.80 591.35

HIND.LEVER 234.80 237.65 240.55 234.85 229.15 231.95

ICICI BANK 785.35 817.20 849.10 794.10 739.10 762.20

INFOSYS TECH 1865.70 1905.80 1945.85 1880.95 1816.05 1840.90

ITC LTD. 204.70 207.15 209.65 204.85 200.05 202.35

LARSEN & TOU 2750.50 2834.70 2918.85 2779.85 2640.85 2695.70

MAHA.TELE 95.45 97.65 99.80 96.40 93.00 94.25

MARUTIUDYOG 765.00 780.00 795.00 759.00 723.00 744.00

ONGC CORPN 880.50 897.50 914.45 882.75 851.05 865.80

PUNJ LLOYD 267.10 276.40 285.70 270.70 255.70 261.40

RANBAXY LAB. 598.20 610.40 622.55 597.70 572.85 585.55

REL COM 527.95 538.60 549.25 532.35 515.45 521.70

REL CAP 1144.35 1187.70 1231.00 1161.40 1091.80 1118.10

RELIANCE 2283.50 2330.00 2376.50 2302.50 2228.50 2256.00

SATYAM COM 472.50 483.25 494.00 476.25 458.50 465.50

SIEMENS LTD. 491.35 504.45 517.55 495.80 474.05 482.70

STATE BANK 1350.90 1384.30 1417.65 1364.65 1311.65 1331.30

STERLITE IND 796.60 811.75 826.90 801.25 775.60 786.10

SUZLONENERGY 250.05 254.95 259.90 250.50 241.10 245.55

TATA MOTORS 517.25 531.60 546.00 523.30 500.60 508.90

TATA STEEL 822.65 849.70 876.70 833.85 791.00 806.85

TCS LTD. 900.50 920.00 939.50 905.50 871.50 886.00

TITAN IND. 1082.95 1119.60 1156.30 1097.30 1038.30 1060.60

TATA COMM. 421.00 440.35 459.65 428.70 397.75 409.40

WIPRO LTD. 484.85 492.50 500.15 487.35 474.55 479.70

S/R indicates the immediate support/resistance depending on the

closing price.
 Intra Day Range for 19/06/2008

Scrip Close R1 R2 S/R S2 S1

BANKNIFTY 6173.95 6309.00 6520.95 6232.05 5943.15 6020.10

CNXIT 4310.20 4360.10 4442.05 4328.05 4214.05 4246.10

JUNIOR 7640.00 7713.50 7823.70 7676.75 7529.80 7566.55

NIFTY FUTS. 4564.85 4611.40 4685.70 4583.70 4481.70 4509.40

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