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MARKET MORNING

PRIVATE CLIENT RESEARCH

 
.

APRIL 26, 2011

Shrikant Chouhan    shrikant.chouhan@kotak.com  +91 22 6621 6360

INDEX RANGE

NIFTY

Range

Resistance

Support

5874
5860-5897
5897-5907-5930-5960-5995
5860-5855-5830-5800-5778

SENSEX
Range
Resistance
Support

19584
19550-19745
19660-19745-19770-19810
19550-19440-19355-19285

BANK NIFTY
Range
Resistance
Support

11922
11855-11960
11960-11995-12055-12145
11855-11770-11725-11660

 

"The secret of success is constancy of purpose."

 

Short term trend: Up (Up below 5780/19245 (closings)); Medium term trend: Up (Up above 5600/18690 (closings))
Long term trend: Up
NIFTY: 20 SDMA: 5803, 50 SDMA: 5585 AND 200 SDMA: 5738

 

Nifty - Daily

On Monday, again the market failed to break 5910 level and closed around the important support 5865. Today due to weakness in global markets, we may expect lower opening to 5850 levels and some more liquidation is not ruled out into initial hours of trading. However due to basic trend is up our strartegy should be to buy at support. For the day, buying in nifty is advisable between 5835/5830 levels with stop loss at 5800 for the target 1st 5895 and next at 5910. A daily close below 5830 will be negative for the market in the short term. In case the market sustains above 5865 for more than 30 minutes of trading then trade long with a stop loss at 5855 for the target 5910 and 5948.

As market is becoming more and more sector specific, there are couple of things added in the market morning report. Money flow indicator and Indices Performance. Money Flow indicator gives the overall picture of money flow happening across sectors on a daily basis with comparison of last month activity. Indices Performance - gives the sector performance in comparison the SENSEX and their respective highs.

 

Money flow indicator (25 Apr 2011)

Sectoral Indices
AUTO
BANKEX
CONSUMER DURABLES
CAPITAL GOODS
FMCG
HEALTH CARE
IT
METAL
OIL&GAS
POWER
PSU
REALTY

Activity of last 7 days
STRONG INFLOW
MODERATE INFLOW
STRONG INFLOW
INLINE
MODERATE INFLOW
MODERATE INFLOW
MODERATE INFLOW
VERY STRONG INFLOW
MODERATE INFLOW
INLINE
MODERATE INFLOW
INLINE

Money flow pattern-April
STRONG INFLOW
MODERATE INFLOW
VERY STRONG INFLOW
MODERATE INFLOW
STRONG INFLOW
MODERATE INFLOW
VERY STRONG OUTFLOW
MODERATE INFLOW
MODERATE OUTFLOW
INLINE
MODERATE INFLOW
INLINE

Money Flow Pattern - Mar
STRONG INFLOW
STRONG INFLOW
MODERATE INFLOW
MODERATE OUTFLOW
VERY STRONG OUTFLOW
STRONG OUTFLOW
MODERATE OUTFLOW
VERY STRONG OUTFLOW
INLINE
MODERATE OUTFLOW
MODERATE OUTFLOW
VERY STRONG INFLOW

Remarks
-
-
-
-
-
-
-
-
-
-
-
-

 

Note:

INLINE
MODERATE INFLOW
STRONG INFLOW
VERY STRONG INFLOW
MODERATE OUTFLOW
STRONG OUTFLOW
VERY STRONG OUTFLOW

Money Flow has been inline with Sensex moneyflow
Money Inflow in the sector has been slightly better when compared to Sensex Moneyflow
Money inflow in the sector has been strong while comparing with Sensex Moneyflow
Money inflow in the sector has been very strong while comparing with Sensex Moneyflow
Money Outflow in the sector has been slightly lower while compared to Sensex Moneyflow
Money Outflow in the sector has been strong while compared to Sensex Money flow
Money Outflow in the sector has been very strong while compared to Sensex Moneyflow
 

Research Team

Dipen Shah
IT, Media
dipen.shah@kotak.com
+91 22 6621 6301
Saurabh Agrawal
Metals, Mining
agrawal.saurabh@kotak.com
+91 22 6621 6309
Ruchir Khare
Capital Goods, Engineering
ruchir.khare@kotak.com
+91 22 6621 6448
Amit Agarwal
Logistics, Transportation
agarwal.amit@kotak.com
+91 22 6621 6222

K. Kathirvelu
Production
k.kathirvelu@kotak.com
+91 22 6621 6311

Sanjeev Zarbade
Capital Goods, Engineering
sanjeev.zarbade@kotak.com
+91 22 6621 6305

Saday Sinha
Banking, NBFC, Economy
saday.sinha@kotak.com
+91 22 6621 6312

Ritwik Rai
FMCG, Media
ritwik.rai@kotak.com
+91 22 6621 6310

Jayesh Kumar
Economy
kumar.jayesh@kotak.com
+91 22 6652 9172

Arun Agarwal
Automobiles
arun.agarwal@kotak.com
+91 22 6621 6143

Sumit Pokharna
Oil and Gas
sumit.pokharna@kotak.com
+91 22 6621 6313

Shrikant Chouhan
Technical analyst
shrikant.chouhan@kotak.com
+91 22 6621 6360

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