STOCK MARKET OVERVIEW FOR MONDAY 8TH JULY 2013

THE NIFTY INDEX (5867.90)

Summary: Nifty opened with a gap on Friday at 5889.95 and closed at 5867.90 up by 0.53%.Though it 
opened higher it shed its morning gains and closed below its open forming a red candle on the Daily
chart. In the entire day the Nifty moved in the range of 5858.45 and 5900.45. The Daily MACD indicator
is rising but still in the negative zone.

Observation and Analysis for Monday: As Nifty has kept the upward gap of Friday unfilled, it may come
to fill it. On the downside Nifty may touch 5848.20 where it may try to find stable support. So an
approximate 20 points down move from the current Nifty close cannot be denied. On the upside 5897
seems to be a very crucial resistance. In short, the nifty has a range to move from the crucial support of
5848.20 to 5897 on the upper side on Monday i.e. a range of approximate 50 points. It has to be noted
that the Nifty Index had tried to breach this level of 5897 thrice but could not even sustain once above
this level.

THE BANK NIFTY (11479.75)

Summary: The Bank Nifty closed at 11479.75 up by 0.55%.The Bank Nifty is still way below its 200 day
EMA. The 200 day EMA as of now is 11803.40. The Bank Nifty has retraced almost more than 80% from
its high of 13348.70. It also tried to move upwards after making a bottom of 11040 on 26th June 2013,
but could not cross the 200 day EMA.

Observation and Analysis for Monday: The overall view for the Bank Nifty is still not so good but if at all
The Bank Nifty opens up, it has to face selling pressure at 11594 and 11602 range. If the Bank Nifty
opens below on Monday which looks more likely, it can test the level of 11405 and then 11319.

STOCK FUTURES

Ranbaxy July Fut (344)

Summary: Ranbaxy Closed up by 2.14% at 344.Though the stock closed up with a higher top and
bottom, it is not being supported by volumes.

Observation and Analysis for Monday: Ranbaxy looks good only above 343. On the lower side 341 is a
crucial level, as if Ranbaxy slips below this level a short call can be initiated. Also, if the level of 341 is not

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breached on the downside and Ranbaxy starts moving up from
8th July13
341 a buy call can be initiated at this
lower level. On the up side 356 is the target.

Canara Bank July Fut (352.50)

Summary: Canara Bank closed at 352.50 up by 1.03%.

Observation and Analysis for Monday: The level of 353 looks critical. Selling pressure can be seen at this
level. Canara bank if faces selling pressure at 353 and a short call is initiated at this level it can come
down till 349. Canara bank moving above 354 is a rare possibility and 355 would be the upper target.

TCS July Fut (1523.20)

Summary: TCS closed at 1523.20 down by 0.40%.

Observation and Analysis for Monday: TCS after taking support from its 200 day EMA few days back
moved upside till Friday to make a high of 1549. It was just short of touching its crucial high of
1551.90.That indicates TCS can be a Bearish call for Monday. TCS can come down till 1513 and then
1503 on the downside.

HDFC Bank July Fut (669)

Summary: HDFC Bank July Fut closed at 669 up by 1.73%.

Observation and Analysis for Monday: HDFC on the Intraday chart after making a high of 674.25, closed
at 669. On the Intraday Chart this level is just near the 23% Fibonacci retracement level. A fall below 669
can be one of the reasons to go short on HDFC Bank. HDFC Bank is otherwise good above 670, but one
should be very careful about the 669 level. If the 669 level is broken on the downside it can touch 659.