Harrison Malyalam--->3rd jan 2013

View on Chart: Stock chart has formed a pattern where stock has been forming a bottom near 58/60 levels and then by breaching trend line resistances, moving up by 10-15% in quick time. Today’s action to have formed a breakout candle with volumes which is a sign of possible pullback in coming days given stock sustains 58/60 band.

VOLTAS--->3rd jan 2013

View on Chart: Stock chart clearly shows that, stock produced a trading bounce from its support area
and has now reached to its crucial resistance area (109-111), which is likely to decide its next action on
the cards. Move above this band can allow stock to see 116/117 levels with an immediate effect. To
have any further extension, it should breach 117 on closing basis. On the other side, failure in
breaching any of these two resistance can push stock down towards its crucial support mark 102.

TATA GLOBAL -->2nd JAN 2013

TATA GLOBAL: Looks like Corrections is over. Try longs at cmp and dips with SL 158. Possible Tgt: 169-74-80

BANK NIFTY CHART---->2nd JAN 2013

ANK NION TECH-CARDS…..Trading in rising wedge…Moving towards upper end..
On mid term frame Bank-nifty is clearly in uptrend and has been trading in clear parallel channel since past one odd year.
Short term action too in an uptrend but has formed a rising wedge with negative divergence in overbought region which is a
sign to get cautious and take partial profits on every rise. For extension in current rising action, BN must move above
12800/900 range. Any action above this will only allow BN to test channel’s upper end currently placed near 13600/700
zone. On the other side, resisted action in the range 12500-900 and a move below 11900-12000 can turn the short term
trend down and force BN to test back crucial supports on the downside to keep mid term trend up. On indicators RSI has a
triangular move having support near 50/55 region. Any action below the same will be a negative sign for BN. For now one
must stay away and be watchful on mentioned support resistance ranges.

 

BEML--->2nd JAN 2013

View on Chart: As anticipated stock took support near its long term support area and have also started
with expected slow and steady recovery on cards. Now, if it manages to hold above 278/80 mark, then
we can see continuation in upward journey towards 292-304-314 levels.

POLARIS WITH CHART--->2nd JAN 2013

Polaris 􀃎 Bounce from support.. (CMP: 116.65)
Stock chart clearly shows that, stock produced a trading bounce from its support area
and has also broke its trendline resistance, which is an indication of possible pullback in which can be seen on cards in coming days. One can try longs by keeping strict stop loss 112.50. Possible trading
targets could be 123-126.

WATCH LIST -->2nd JAN 2013

TO SEE THE WATCH LIST CLICK ON IMAGE.......

NIFTY WITH STOCK AND BANKNIFTY VIEW--2nd JAN 2013

Nifty future opened positive and attained 6000 levels in early trade, finally closed up by 0.93% at 6007.
Overall breadth is positive as there were 142 advances vs. 14 declines in F&O segment.
Nifty futures may continue its bullish move further, supports lies at 5960 and 5930.
Banknifty futures seems to have given breakout on upside, further upside may be expected in the index futures. Andhrabank and Syndibank stock futures have witnessed maximum amount of long build-up among banking stocks.
Among major sector indices, Banknifty future closed up by 1.56% while Cnxit closed slightly in green.
Put Call Ratio (Volume) is at 1.02.
Volatility index closed at 13.69 down by around 8.42%.

NIFTY VIEW --->2ND JAN 2013

Among Nifty options data of Jan series, maximum buildup among call strikes is witnessed at 6000 and 6200 levels. Once 6000 is breached next resistance will be at 6200 levels.

Significant OI build up is witnessed at Nifty 6200 and 6300 call strikes of Jan series.
Among Nifty puts, OI build up is witnessed at 5900 and 6000 levels, while 5600 put strike witnessed writing.

Infrastructure sector closed up by 3.8%, stocks like Gmrinfra, Gvkpil, Irb and Ivrclinfra witnessed long build-up.

Banking sector stocks were major gainers during trade today. Long build up is witnessed in almost all stock futures, which signifies more upside in banknifty.

Havells---->2nd jan 2013

Prices today closed above the Neckline as well as recent resistance zone of 629 level that too with
volumes. This close above such neckline level is breakout of an Inverted Head N Shoulder Pattern with
upward target of 45points above such level. Counter trading above 200DMa level too. Now enter on
retracements.
BUY till above 630 Level with Stop below the Support Levels, mentioned below. Book Profit near
resistance zones mentioned, below.

Target will be 642/49/54/62