DAILY EQUITY

MORNING BELL
January 9th, 2012
Market Highlights

NIFTY Technical Outlook

On Dalal
Street, the

Though India is better placed today than

what it was 12 months back, the key risks
facing the country remain. These include
the usual suspects Policy paralysis,
currency volatility, extreme negative
industry sentiment, investment slowdown
etc. Highlighting these once again.
There is a possibility of the market seeing
one more leg down in the first quarter this
year as earnings is likely to be mediocre.
One should look at entering the market at Technicals For the day: On the daily charts the Nifty is facing the resistance of 21day moving average and 50-day moving average. Though the Nifty has gone above
4,300-4,400 levels. He believes India's
the 7-day moving average, but it seems to be consolidating. Only if it goes above
4850, it will be said to be bullish. On the downside there is a support at 4540. The
slowdown is cyclical in nature and puts
RSI too has taken a support of 30, and it is presently at , the Nifty might go down
his faith on a 25-30% rally once the RBI further below.
Action: There is a resistnace or 4850 on the upside and support of 4540 on the
cut rates.
downside. Nifty futures can be shorted at around yesterday's (060112) closing with
the stoploss of yesterday's high.

RAGHUNANDAN MONEY ... NAME YOU CAN TTRUST

BANKNIFTY

PICK For the Day: Sun Pharma

Technicals For the day: Though the Bank Nifty is in

the upmove, but , t here might be some correction seen
in the Bank Nifty after four days of the upmove. The
market is rangebound awaiting the start of result
season.
Action: Nifty can be shorted at around Friday's close,

Technicals For the day: The stock is mking a rounded bottom, and

with a stoploss of Friday's high.

Top Gainers in Nifty on 060112

Name
Open
High
Low
close
RCOM
72.95
80.45
71.05
74.05
RELINFRA 357.8
396.5
348.05
360.85
RPOWER
71
75.6
70
71.25
BPCL
463.85
482.35
463.85
462.9
RELIANCE
703
729
700.9
704.05
HDFC
665.7
676.45
658
669.85
HINDALCO 116.1
120.4
114.6
116.8

there is a great support for the stock at 495 and then at 491. The stock is
In the range, 510-491 and huge movement is expected, whenever the
stok breaks this range.
Action :Technicals For the day: The pick of the day is Sun Pharma,
Which can be bought around 500, with a stoploss of 496 and target of
505.

TOP LOSERS IN NIFTY on 060112

Name Open
High
Low
Close
HEROMOTOCO
1848.8
1848.8
1726
1819.7
JPASSOCIAT 55.55
55.55
53.1
56.05
BHARTIARTL 343.6
344
330.45
346.55
JINDALSTEL 477.85
480.85
464.35
483.6
DLF
178
178.25
172.7
179.45
IDFC
99.85
100.5
96.55
100.55
ONGC
261.05
263.25
255.75
259.5
1829.9
1830
1769
1835.8
RAGHUNANDAN MONEY ... NAME YOU CAN TTRUST
%Change
5.4
4.75
3.86
3.91
2.65
0.28
2.18

%Change
-4.88
-5.08
-3.94
-3.02
-2.56
-2.54
-1.06

PRODUCT OPEN

HIGH

LOW

CLOSE

Date Jan 9th 2012

S3
S2
S1

ATP

R1

R2

R3

NIFTY

4745

4821

4692.6

4758.1

4565

4629

4693

4757

4822

4886

4950

BANKNIFTY

8400

8598

8275.25

8426.5

7946

8111

8269

8433

8591

8756

8914

ABAN

338.25

349

328

342

309

318.7

330.3

340

351

361

372

ABGSHIP

396.45

397.4

394.15

396.45

391

392.8

394.6

396.0

397.9

399.3

401.1

ACC

1105.1

1120

1093

1118.45

1074

1083.5

1101.0

1110.5

1128.0

1137.5

1155.0

AMBUJACEM

152.5

155.5

150.15

154.1

146

147.9

151.0

153.3

156.4

158.6

161.7

M&M

648.4

662

640.8

652.35

620

630.5

641.4

651.7

662.6

672.9

683.8

BAJAJ-AUTO

1469.75

1474.75

1442

1471

1418

1429.8

1450.4

1462.6

1483.2

1495.3

1515.9

TATACOMM

219.7

219.7

214.65

217.35

210

212.2

214.8

217.2

219.8

222.3

224.9

BALRAMCHIN

34.7

38.4

34.7

34.8

30

32.3

33.5

36.0

37.2

39.7

40.9

BAJAJHIND

24.6

26.4

24.4

24.65

22

23.2

23.9

25.2

25.9

27.2

27.9

LT

1089.6

1094.8

1061

1087.4

BHEL

253.35

255

244.4

254.55

327.7

240.7

247.6

251.3

258.2

261.9

268.8

BPCL

463.85

482.35

463.85

462.9

439

451

457

470

476

488

494

GAIL

379.9

387.3

373.1

382.8

361

367

375

381

389

395

403

HINDPETRO

242.75

246.3

240.55

241.3

233

237

239

243

245

248

251

1033.53 1047.27 1067.33

1081.07

1101.13 1114.87 1134.93

RAGHUNANDAN MONEY ... NAME YOU CAN TTRUST

PRODUCT OPEN
HDFCBANK
442.6

HIGH
459.5

LOW
440

CLOSE
444.2

S3
417

S2
428

S1
436

ATP
448

R1
456

R2
467

R3
475

ICICIBANK

742.1

766.4

727.1

747.05

688.0

707.6

727.3

746.9

766.6

786.2

805.9

PNB

804.95

808.45

787

809.2

773

780

795

802

816

823

838

SBIN

1665

1703.7

1645.1

1684.05

1593

1619

1652

1678

1710

1736

1769

AXISBANK

849.85

856.9

821.1

854.7

2084

808

832

844

867

880

903

LUPIN

450.7

453.7

444

450.85

436

440

445

450

455

459

465

CIPLA

337.25

341.45

334.15

337.35

326.55

330.35

333.85

337.65

341.15

344.95

348.45

RANBAXY

434.5

440

423.1

439.1

411

417

428

434

445

451

462

TCS

1169.8

1195

1162.2

1177.7

1129

1146

1162

1178

1194

1211

1227

INFY

2856.05

2883.8

2827

2856.35

2770.8

2798.9

2827.6

2855.7

2884.4

2912.5

2941.2

HDIL

54.8

58.5

53.8

55.2

48.5

51.1

53.2

55.8

57.9

60.5

62.6

ITC

200.4

204.45

199.25

201

193.5

196.4

198.7

201.6

203.9

206.8

209.1

DABUR

100.3

100.85

98.8

100.65

97.3

98.1

99.4

100.1

101.4

102.2

103.5

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trading.This document is not, and should not be onstrued as, an offer to sell or solicitation to buy any commodities. Always trade with strict stop
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