FII Data 31.12.09

Net Index Futures (43.98), Net Stock Futures (-93.30), Derivative Market: Total Open Interest (Rs 125421 cr), Stock Futures Open Interest (Rs 33762 cr)

FII Data 31.12.09

Net Index Futures (43.98), Net Stock Futures (-93.30), Derivative Market: Total Open Interest (Rs 125421 cr), Stock Futures Open Interest (Rs 33762 cr)

Markets opened 31.12.09

Markets opened on a flat note, traded in a narrow range and finally closed with a marginal loss. On the daily

chart we are witnessing spinning top for second consecutive trading session. This indicates that the prior trend

is losing steam. In coming trading session if indices trade convincingly below 17320 / 5160 levels then it may

test the 17160 – 17067 / 5130 – 5100 levels. On the upside, fresh momentum could be seen only if indices

trade and close above 17400 / 5200 levels

Markets opened 31.12.09

Markets opened on a flat note, traded in a narrow range and finally closed with a marginal loss. On the daily

chart we are witnessing spinning top for second consecutive trading session. This indicates that the prior trend

is losing steam. In coming trading session if indices trade convincingly below 17320 / 5160 levels then it may

test the 17160 – 17067 / 5130 – 5100 levels. On the upside, fresh momentum could be seen only if indices

trade and close above 17400 / 5200 levels

Markets opened higher 29/12/2009

Markets opened higher, rallied beyond the multiple resistance of 17361 / 5182 but was unable to close above it

.Apparently looking at the positive placement of the momentum indicators viz. RSI and the Stochastic on the

daily chart suggest further upside. In the coming trading session, if indices trade above 17414 / 5200 levels

then they are likely to test 17540 – 17620 / 5240 – 5300 levels. However on the downside, 17200 – 17110 /

5130 – 5100 levels may act as support for the day. Traders who are long at lower levels are advised to book

profits near 17620 / 5300 levels.

FII Data

Net Index Futures (-271.70), Net Stock Futures (-290.60), Derivative Market: Total Open Interest (Rs 124757 cr), Stock Futures Open Interest (Rs 34207 cr)

Research & Investment Advisory 29/12/2009

INFOSYS Down 0.13 (0.23%) , WIPRO Down 0.06 (0.26%) , SATYAM Down 0.07 (1.46%) , ICICI BANK Up0.30 (0.81%), HDFC BANK Up0.88 (0.68%), MTNL Down 0.01 (0.32%)

Global Markets update 29/12/2009

DJIA Up 26.98 (0.26%) NSDQ Up 5.39 (0.24%) FTSE 100 +30.03 (0.56%) Asian Markets as on 8.30 AM NIKKEI -6.98 (-0.07%) HANG SENG -83.11 (-0.39%) SGX NIFTY 13

FII Data

Net Index Futures (977.00), Net Stock Futures (190.92), Derivative Market: Total Open Interest (Rs 121892 cr), Stock Futures Open Interest (Rs 33852 cr)

markets opened higher

As expected, markets opened higher and momentum on the upside intensified as the day progressed to close

near day's high. On the daily charts we are witnessing a positive crossover in the momentum indicators viz.

RSI, Stochastic. This suggests further upside .The indices are likely to test the all important resistance levels of

17351 / 5182 and if they can sustain above these levels, then indices may further rally to 17540 - 17600 / 5230 -

5250 levels. On the downside 17025 - 16950 / 5080 -5063 levels may act as a support for the day. Traders are

advised to adopt stock specific strategy going ahead.

Indian ADRs Update

INFOSYS Up1.16 (2.13%), WIPRO Up0.79 (3.60%), SATYAM Down 0.03 (0.61%) , ICICI BANK Up0.79 (2.19%), HDFC BANK Up3.74 (2.96%), MTNL Up0.04 (1.31%)

Global Markets update

DJIA Up 1.51 (0.01%) NSDQ Up 16.97 (0.75%) FTSE 100 +43.72 (0.82%) Asian Markets as on 8.30 AM NIKKEI +156.14 (1.50%) HANG SENG +198.61 (0.93%) SGX NIFTY 12.5

FII Data

Net Index Futures (421.90), Net Stock Futures (541.92), Derivative Market: Total Open Interest (Rs 119424 cr), Stock Futures Open Interest (Rs 32189 cr)

Indian ADRs Update

INFOSYS Up0.37 (0.68%), WIPRO Down 0.10 (0.45%) , SATYAM Up0.02 (0.41%), ICICI BANK Up1.40 (4.03%), HDFC BANK Up1.59 (1.27%), MTNL Up0.03 (0.99%)

Global Markets update

DJIA Up 50.79 (0.49%) NSDQ Up 15.01 (0.67%) FTSE 100 +34.67 (0.65%) Asian Markets as on 8.30 AM NIKKEI +194.56 (1.91%) HANG SENG -2.08 (-0.01%) SGX NIFTY 1

Markets witnessed

Markets witnessed a gap up opening in the wake of positive global cues and traded in a narrow range to close
in the positive territory. On the daily chart, we are witnessing a bullish Harami candlestick pattern which implies
that the preceeding down move is losing steam. Hence, in coming trading session if indices trade convincingly
above 16740 / 5000 levels then it is likely to test 16870 – 16960 / 5040 -5070 levels. On the downside, 15578/
4940 remain key support levels for the day

Intraday Call

Intraday Call NSE Cash RELINFRA Buy Strictly Above 1041.5 Stop Loss 1035.5 Target 1058.5

Position Picks

4 - 5 days : Buy ABAN (NSE Cash) @ 1,200.00 - 1,190.00 Stop-loss @ 1,164.00 Tgt: 1300.00

At day’s low click here

Markets on Dec 21, 2009: Swift slide
Markets on January 30: Engulfing bulls
60 minute chart
Nifty continued its slide after breaking the up trend line.
The index achieved the aggressive target of the triangle
breakout gaining momentum on the downside. Now, the
supports on the lower side are at 4942 and 4860 while the
resistances are at 5030 and 5100. So, going forward we
continue to expect the supply to come at higher levels and
once these two supports are broken, selling will intensify
and we reckon that even the volumes will pick up. Hence,
with momentum on the sell side we maintain our bias down
holding our view that the ongoing leg down is wave Y.
On daily chart, Nifty is trading below its 20 daily moving
average (DMA) and 40 DEMA at 5067 and 4983 respectively,
which are resistances in the near term. The momentum
indicator (KST) has given negative crossover and
is below the zero line. The market breadth was negative
with 501 advances and 781 declines on the NSE and 1,270
advances and 1,544 declines on the BSE.
On hourly chart, Nifty is trading below its 20 hourly moving
average (HMA) and 40 HMA at 5013 and 5051 respectively,
which now are resistances in the near term. The
momentum indicator (KST) has given negative crossover
and is trading below the zero line.
Weariness of the last week spilled over in the week with
the first day of the present week witnessing the Nifty and
Sensex lose 35 and 119 points respectively. Of the 30 Sensex
stocks, Hindalco Industries (down 4.02%) and Cipla (down
3.62%) were the top losers while Wipro (up 0.53%) and
Reliance Industries ( up 0.60%) were the saving grace.

Markets opened

Markets opened on a flat note and traded with negative bias through out the day to close in the negative territory.

On the daily charts, indices have tested the crucial support levels of 4950 but have managed to close above it. In

the coming trading session if indices trade convincingly below 16577 / 4940 levels then it is likely to trigger our

stop loss of 4930 mentioned in the weekly report and test 16470 – 16350 / 4900 – 4860 levels. A bounce from

current levels up to 16740 – 16800 / 4980 – 5000 can be expected as the hourly chart is in an extremely

oversold territory.

BUY NIFTY

Intraday BUY NIFTY @ 5040 Stop loss @ 5025 target @ 5080..

Intraday F&O Call

Intraday F&O Call : Buy DIVIS LAB ( Dec Futs) @ 674.00 - 672.00 Stop-Loss @ 665.30 Tgt 693.00

Call for Day traders

Call for Day traders Buy JSWSTEEL @ 993.00 Stop-Loss @ 987.30 Tgt 1010.00

NIFTY SUPPORT

NIFTY Support 1 4977.88

Support 1 5007.17

Pivot Point 5037.58

Resistance 1 5066.87

Resistance 2 5097.28

Markets opened on a subdued note

Markets opened on a subdued note, traded with extreme choppiness but managed to close with marginal loss
.On the daily charts we are witnessing two consecutive candles with a narrow range body on the upward slopping
trend line. This suggests indecisiveness prevailing at current levels. If indices trade convincingly below 16800 /
5000 levels then it is likely to test 16800 – 16650 / 4980 – 4950 levels. However, if indices manage to trade
above 17000 / 5070 levels in the early hour of trade then we could witness a bounce up to 17064 -17132 / 5092 -
5115 levels.

Markets opened higher traded

Markets opened higher traded in a narrow range throughout the session to close on a flat note. On the daily

charts, we are witnessing a narrow range body which suggests indecisiveness prevailing at current levels.

There is no apparent sign of weakness on the daily charts, hence if indices trade above 17330 / 5162 levels

with higher volumes then indices would test 17490 - 17580 / 5180 – 5210 levels.However on the downside,

17090 – 17040 / 5090 – 5070 levels may act as support for the day