weekly charts book_06!02!2012

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Latin Manharlal Securities Pvt Ltd

Technical View Weekly Charts BookFebruary 6t 2012

TECHNICAL VIEW FOR SENSEX & NIFTY FOR THE WEEK STARTING FROM 06-02-2012

IT IS A ROARING BULL MARKET.

As per my understanding ofTECHNICAL ANALYSIS,the last five weeks run away move cant be a SIMPLECORRECTIVE RALLY but it is THE FIRST LEG OF A NEW BULL WAVEand such a move is visible in so manynumbers of stocks that one cant ignore such participation.

There are instances in the past that even BEAR MARKET rallies can be very sharp but in our case therecent rally has been witnessing very good participation in most of the sectors also there are quite a fewsectors which were unaffected by 2011 crash and in addition to that the CHANNELED MOVE IN SENSEX ANDNIFTY is one more technical evident that our market have finished the LARGER C WAVE and so aSIGNIFICANT BOTTOM is in place at 4538.

WHAT LIES AHEAD IN THE SHORT TERM ?

As we had already given NIFTY targets of up to 5900 so the direction is clear but a rally without anycorrection VISIBLE ON EOD CHART is dangerous.

For an INVESTOR it is a party time for 2012 and beyond but for a TRADER caution is

advised.

Those who are left out till recently in this rally will want to join the bandwagon and for them an SBIwas costly at 1600 but they will now find it cheap at 2100 that is just how perceptions gets changedas TREND GETS CHANGED.

We will be very SELECTIVE in our stock picking for both an investor and a trader but ONE FALL will again

surprise the late entrants in this rally.

NIFTY and SENSEX will make a HIGHER BOTTOM in coming days but we are not sure till what level thecorrection will come unless we see a clear TOP.

So for the short term we must let the market to unfold any short term TOPPING PATTERN and at thisjuncture only SELECTIVE buying is advised.

ARE WE ON TRACK ?

We are very happy that we were amongst very few to have predictedA TOP IN OCTOBER 2010 RIGHTAT THE TOPand now we were first to have predicted a significant and VERY PRECISE BOTTOM way

in advance before it was hit as 4538 should be a history now.

People use various techniques to predict major turning points in market and OBSERVATION of marketbehaviour in a Specific Month for Years is helpful and as per that Month of JANUARY has been a BEARISHMONTH for so many years.

This particular observation kept most of the analyst in dark during the recent rally while we used our owntechniques and we were able to predict such a MASSIVE BULL RUN very well and way in advance.

We were of the clear opinion that from 4538-4360, there will be ONE BIG RALLY. We believed that therally will be corrective but looking at the STRENGTH somehow we were able to confirm a NEW BULL WAVEvery quickly.

This was the first rally since January 2011 during which we never said to SELL ON RISE even once.


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If one studies our INTRADAY/POSITIONAL TRADING CALLS during market time, there were hardly anySHORTING CALLS during last three weeks and that is critical to understand what we believe about theunderlying TREND. Also we continued to upgrade our NIFTY targets with adequate protection STOP

LEVELS and the last target was 5326 which was achieved on 3rd

February.

For the next week SENSEX has supports at 17003 and 16828 and for NIFTY 5099 and 5076 are twoimportant supports.

5399 - 5496 is the strong resistance zone for NIFTY and 17908-18326 is the ZONE OF RESISTANCEfor SENSEX.

BSE SENSEX WEEKLY CHART


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BSE SENSEX WEEKLY CHART

NIFTY DAILY CHART


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NIFTY WEEKLY CHART

NIFTY MONTHLY CHART


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OUR TECHNICAL VIEWS ON OTHER INDICES & STOCKS

BANK NIFTY DAILY CHART

BANK NIFTY QUARTERLY CHART


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BSE REALTY INDEX DAILY CHART

BSE REALTY INDEX WEEKLY CHART


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BSE HEALTHCARE INDEX QUARTERLY CHART

SCRIPT NAME : SHIV-VANI (522175) WEEKLY CHART

CMP : 218

VIEW : BUY ABOVE 240

TARGETS : 280/317


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SCRIPT NAME : TATA GLOBAL DAILY CHART

CMP : 120

VIEW : BUY IN THE RANGE OF 124-120 OR ANY DIP UP TO 107

TARGETS : 138/153/175


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SCRIPT NAME : TATA CHEMICAL DAILY CHART

CMP : 345

VIEW : BUY ABOVE 360

TARGETS : 394/412/446

This document is for information only and is meant for the use of the recipient & not for circulation. The information contained in this document has been taken from publiclyavailable information, trade and statistical services & other sources. While the information contained herein is from sources believed to be reliable, we do not hold ourselvesresponsible for its completeness and accuracy. All opinions and estimates included in this report constitute our judgement as of this date and are subject to change withoutnotice. Investors are expected to use the information contained in this report at their own risk. This report is not and should not be construed as an offer or the solicitation ofan offer to buy or sell any securities. M/s Latin Manharlal Securities Pvt. Ltd. and its affiliates may act as market maker or have assumed an underwriting position in the secure-ties of companies discussed herein and may sell them to or buy them from customers on a principal basis.

Registered Office: 124 Viraj, S,V.Road, Khar (W), Mumbai 400 052.

Tel. (022) 4082 4082, Fax (022) 2649 7997. [email protected] ,

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weekly charts book_06!02!2012

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