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DAILY TRADING HIGHLIGHTS & OUTLOOK  14 Oct, 11

1

MARKET OUTLOOK

The NIFTY opened on a positive note and registered an intraday high of 5136 levels. The Index

witnessed profit booking from the higher level which led it to decline to an intraday low of 5067 

levels. The nifty finally closed at 5077 with a loss of 21 points.

  It is to be noted that the index has recovered almost 350 points from the lows of 4728 levels

which have stretched the daily momentum indicators higher. So we expect the nifty might take a

breather for the upcoming session. ON the upside the index has resistances at the levels of 5170

 /5200-5025 levels (negative gap resistance level).

 Any decline from current levels would garner strong support in the range of 5010-4970 levels asthe cluster of short term averages are place in this range.

Key Levels & Averages

S&P CNX NIFTY

OPEN 5130.

HIGH 5136.

LOW 5067.

CLOSE 5077.

Change(pts) -21.55

Change (%) -0.42

Advanc/Decline 1:1

Total Turnover(` in cr.)

13328

INDEX  Close  Support-1  Support-2  Resistance-1  Resistance-2  8 DMA  34 DMA  200 DMA 

 NIFTY 5077 5060 5010 5130 5170 4982 5008 5454BANK NIFTY 9591 9480 9340 9650 9740 9317 9539 10676

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DAILY TRADING HIGHLIGHTS & OUTLOOK  14 Oct, 11

2

PTC India Ltd. CMP—`  70.65

Technical Outlook & Trading Strategy:-

The share price of PTC has seen a sharp fall from the highs of `77.45 on 12st A ug 2011 to the lows of `66 Levels. The

stock has since then pulled back and tended to trade within the ` 66---` 70.5 range. On the daily chart the stock has

manag ed to close above its cluster of moving average s. The momen tum indicator on the daily chart is also in a bullish

zone suggesting more up side in the stock.

We recommend traders to buy in the range of `70.4—` 70.8 levels with a stop loss placed below `68.4levels for

targets of `75 levels.

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