The document provides a daily market summary and highlights for May 31, 2013. It notes that the Nifty traded higher and ended in green on Wednesday. It provides recommendations to buy Tata Motors above 304 for targets of 306/308 and to sell LIC Housing below 269 for targets of 268/267. It also lists the past performance of several stocks that hit their targets the previous day. Charts are included showing channel patterns for Tata Motors and LIC Housing with corresponding buy/sell recommendations and targets. The document concludes with a disclaimer about the information provided.

1. 31ST MAY 2013
DAILY CHARTIST
VIEW

2. 8
HIGHLIGHTS
A
 Highlights
 Nifty traded higher and ended in GREEN on
WEDNESDAY
 Nifty Future ended 6.95 points DOWN at 6104.00
 BUY TATA MOTORS above 304 for targets 306/308 sl
302
 SELL LIC HOUSING below 269 for targets 268/267
with sl 271
 Past Performance:
 KotakMahindra hit both tgts.
 HCL tech hit both targets
 ApolloTyre hit both targets.
 Bajaj Auto future hits 1st tg 1805.
 Bharti airtel hit both targets
 FIANANCIAL technologies hit both targets.
 Union bank hit both target.
 ICICI BANK HIT BOTH TGTS.
 WIPRO HIT 1ST TGT.
 LT hit both tgt.
 HERO HONDA hit both tgt.

3.  BUY TATA MOTORS above 304.00.
 TATA MOTORS has made CHANNEL on 15 min charts.
 Currently trading at 303.00.
 Investor’s are advised to buy around 304.00 break out
has to come.
 Targets are 306/308 and SL at 302
 This is an intra day day call as the pattern is forming on
15 min chart
TATA MOTORS– CHANNEL
BUY ABOVE 304.00 FOR TARGETS 306.00/308.00 SL 302.00
BUY ABOVE 250 FOR TARGETS OF 265/285 SL 235

4.  SELL LIC HOUSING below 269
 LIC HOUSINGis making CHANNEL on 15 min chart.
 Currently trading at 270
 Investors’ are advised to sell below for targets 268/267
 Breakout has come.
 Targets are 268/267 and SL is to be followed 271
LIC HOUSING-CHANNEL
SELL BELOW 269 FOR TARGETS 268/267 SL 270

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