Logical Levels for 16-05-2012


INDICES	R 3	R 2	R 1	Logical Point	S 1	S 2	S3
SENSEX	19526	19312	19195	18981	18864	18651	18534
NIFTY - SPOT	5871	5804	5766	5700	5662	5596	5558
NIFTYFUT	5894	5823	5784	5712	5673	5602	5563
BANKNIFTY	11779	11637	11554	11412	11329	11187	11104
CNXIT	6947	6883	6845	6781	6744	6680	6643
MINIFTY	5895	5824	5784	5713	5673	5602	5562
DJIA	12188	12118	12078	12009	11986	11899	11858
MINIFTY	1278	1270	1265	1257	1252	1244	1239
MOST ACTIVE FUT	R 3	R 2	R 1	Logical Point	S 1	S 2	S3
ABAN	573.3	560	552	538.6	530.6	517.3	509.3
ACC	1032.3	1012.4	1001.3	981.4	970.3	950.4	939.3
AXISBANK	1272.1	1260.4	1248.7	1237	1225.3	1213.6	1201.9
BATAINDIA	649.3	634.6	625.8	611.1	602.3	587.6	578.8
BHARTIARTL	368.5	359.6	353.8	344.9	339.2	330.3	324.5
BHEL	370.3	360.9	354.4	345	338.5	329.1	322.6
BPCL	86.5	84.9	83	81.4	79.6	78	76.1
CENTURYTEX	135.8	133.7	131.9	129.7	127.9	125.8	124
DLF	391.7	389.1	385	382.4	378.4	375.8	371.7
GTL	153	150	146.5	143.5	140	137	133.5
HDFCNANK	2471.7	2432.7	2405.9	2366.9	2340.1	2301.1	2274.3
HDIL	1904.8	1889.4	1871	1855.5	1837.1	1821.7	1803.3
HEROHONDA	1917.6	1892.1	1876.7	1851.2	1835.8	1810.3	1794.9
HINDALCO	326.3	323.5	320.6	317.9	315	312.2	309.3
HINDUNILVR	391.7	389.1	385	382.4	378.4	375.8	371.7
ICICIBANK	78.2	76.4	75.4	73.6	72.5	70.7	69.7
IFOSYSTCH	1384.2	1368.6	1357.1	1341.5	1330	1314.4	1302.9
IVRCLINFRA	138.3	134.2	131.5	127.4	124.7	120.6	117.9
JPASSOCIAT	569.1	559.5	551.1	541.6	533.2	523.6	515.2
JSWSTEEL	134.8	132.6	131.1	128.9	127.4	125.2	123.7
KTKBANK	140	133.5	127.5	121	115	108.5	102.5
LICHSGFIN	620.1	612.9	606.2	599	592.3	585.1	578.4
LT	862.3	853.1	846.9	837.6	831.4	822.2	816
M&M	1138.2	1115.3	1100.7	1077.8	1063.2	1040.3	1025.7
MARUTHI	1263	1249.4	1240.9	1227.3	1218.8	1205.2	1196.7
ONGC	368	361.7	357.7	351.4	347.4	341.1	337.1
PUNJLLOYD	178.4	176.6	174.9	173.1	171.4	169.6	167.9
RCOM	61.8	60.6	59.8	58.6	57.8	56.6	55.8
RELCAPITAL	653.1	644.6	638.4	629.8	623.6	615.1	608.9
RELIANCE	597	585.1	577.9	566	558.8	546.9	539.7
RELINFRA	105.3	104.9	104.3	103.9	103.3	102.9	102.3
SAIL	152.5	149.4	146.3	143.2	140.1	137	133.9
SBIN	2418.2	2390.6	2358.5	2330.9	2298.8	2271.2	2239.1
SEAGOA	308.9	304.2	298.7	294	288.5	283.8	278.3
SUNTV	53.3	52.7	51.8	51.2	50.3	49.7	48.8
TATAMOTORS	1218.5	1200.7	1185.6	1167.8	1152.7	1134.9	1119.8
TATASTEEL	611.3	598.1	589.2	576.1	576.1	567.2	554.1
TCS	1201.0	1190.4	1182.1	1171.5	1163.2	1152.6	1144.3
TITAN	4266.2	4220.1	4173.3	4127.2	4080.4	4034.3	3987.5
UNITECH	35.2	35.1	34.5	34.0	33.4	32.9	32.3
WIPRO	445.7	444	441.8	440.1	437.9	436.2	434
YESBANK	292.8	288.9	285.2	281.4	277.7	273.8	270.1
NIFTY 50 STOCKS	R 3	R 2	R 1	Logical Point	S 1	S 2	S3
ACC	1037.3	1022.7	1015.3	1000.7	993.3	978.7	971.3
AMBUJACEM	148.6	146.2	144.2	141.8	139.8	137.4	135.4
AXISBANK	1642.7	1613.3	1596.7	1567.3	1550.7	1521.3	1504.7
BAJAJ-AUTO	1373.4	1349.9	1330.2	1306.8	1287.1	1263.6	1243.9
BHARTIARTL	375.1	372.6	369.1	366.6	363	360.5	357
BPCL	780.1	771.3	763.7	754.9	747.2	738.4	730.8
CAIRN	344.6	342	340.2	337.7	335.9	333.3	331.5
CIPLA	334	331.3	327.7	325	321.4	318.7	315.1
DLF	411.1	402.3	396.7	387.9	382.3	373.5	367.9
GAIL	457.9	462.4	460.6	465.1	463.3	467.8	466
HCLTECH	446	439.4	433.7	427.2	421.5	414.9	409.2
HDFC	769.7	758.6	752.3	741.2	734.9	723.8	717.5
HDFCBANK	2559.5	2531.8	2517.9	2490.1	2476.2	2448.5	2434.6
HEROHONDA	1892.4	1878.7	1857.4	1843.7	1822.4	1808.7	1787.4
HINDALCO	218.1	211.7	208.5	202.1	198.9	192.5	189.3
HINDUNILVR	319	316.3	312.6	309.9	306.2	303.5	299.8
ICICIBANK	1165.8	1151.8	1143.9	1130	1122.1	1108.1	1100.2
IDFC	223.9	218.9	212.9	207.9	201.9	196.9	190.9
INFOSYSTCH	3215	3162.5	3131.3	3078.8	3047.5	2995	2963.8
ITC	184.1	182.1	180.4	178.4	176.7	174.7	173
JINDALSTEL	770.9	753.8	743.1	726	715.4	698.3	687.6
JPASSOCIAT	117.9	118.9	118.4	119.5	119	120	119.5
KOTAKBANK	825.5	837.5	843.5	855.5	861.5	873.5	879.5
LT	1843.7	1857.4	1857.7	1871	1871.7	1885.4	1885.7
M&M	614.3	627.2	632.3	645.2	650.3	663.2	668.3
MARUTI	1297	1304.5	1306	1313.5	1315	1322.5	1324
NTPC	187.6	192.3	194.2	198.9	200.8	205.5	207.4
ONGC	1318	1331.5	1332	1345.5	1346	1359.5	1360
PNB	1201.5	1215.8	1215.2	1229.5	1228.9	1243.2	1242.6
POWERGRID	104.9	105.9	105	106	105.1	106.1	105.2
RANBAXY	505.2	509.4	506.9	510.9	508.3	512.5	509.9
RCOM	163	164.3	163.3	164.6	163.6	164.9	163.9
RELCAPITAL	767	772.5	774	779.6	781.1	786.6	788.1
RELIANCE	952.1	957.5	956.4	961.8	960.6	966	964..9
RELINFRA	1008.1	1019.1	1013	1024	1017.9	1028.9	1022.8
RPOWER	153.9	155.2	155.1	156.4	153.6	157.6	157.5
SAIL	194.2	196.6	197.4	199.8	200.6	203	203.8
SBIN	271.8	2835.9	2866.5	2930.3	2961.2	3025.3	3055.9
SIEMENS	690.5	698.7	699	707.2707.5	715.7	716	679.7
STER	164.1	166	164.9	166.7	165.6	167.5	166.4
SUNPHARMA	1752.3	1763.7	1752.3	1763.7	1752.3	1763.7	1752.3
SUZLON	50.8	51.3	51.2	51.7	51.7	52.2	52.1
TATAMOTORS	1004.6	1019.3	1014	1028.7	1023.4	1038.1	1032.8
TATAPOWER	1244.2	1262.4	1258.7	1276.9	1273.2	1291.4	1287.7
TATASTEEL	559.5	571.3	573.2	1776.9	1273.2	1291.4	1287.7
TCS	864.3	857.9	847.9	841.5	831.5	825.1	815.1
WIPRO	415.1	411.2	406.2	402.2	397.2	383.3	388.3

NOTE :

Traders must understand the basics before entering into trading based on this chart. R3,R2,R1 are Resistance levels form the Logical Point of that particular security. S1,S2,S3 are Support Levels for the security.

A trader can buy a security just above the Logical Point and put SL below the Logical Point and the targets would be R1,R2,R3 with trailing SL at the levels mentioned. And if the price falls below the Logical Point, the trader can sell with Logical Point as the SL. In that case, the target will be S1,S2,S3 with the trailing SL at the mentioned levels. The traders are advised to be cautious on going LONG below the LP and SHORT above the LP.

These are indicative technical levels based on & conceived from charts and meant for Day Trading for the particular date mentioned above. One should think of own risk first before acting on above analysis. Avoid trading by using these levels in abnormal market conditions like intraday developments and sharp global market movements. This Chart is intended strictly for private circulation and we are not soliciting any action based on it. This report doesn't constitute an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

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