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

"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.

Research Team

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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