Technical Research | July 15, 2011
Daily Technical Report
Sensex (18618) / NIFTY (5599)
Markets opened lower and traded with extreme volatility to close
Exhibit 1: Sensex Daily Chart
marginally in red. On the sector front, Realty, Bankex and
Healthcare were among the gainers whereas IT and FMCG
ended on the losing side. The advance decline ratio was in
favor of Advancing counters (A=1606 D=1252).
(Source - Iris software)
Formation
„ On the Daily chart, prices have tested the downward gap
area of 18679 - 18589 / 5601 - 5580 levels but have not
Source: Falcon
closed above it.
Trading strategy:
The current price action suggests that immediate resistance for
the coming trading session is at 18735 / 5633 level .If indices
trade above this level then there is a high probability that it
could resume the upward momentum and they may test
18803 - 18950 / 5654 - 5700 levels. On the downside,
18449 / 5541 remains crucial support if breached then indices
could test prior low of 18326 / 5496 or even test
18276 / 5450 levels.
For Private Circulation Only | Angel Broking Ltd: BSE Sebi Regn No : INB 010996539 / CDSL Regn No: IN - DP - CDSL - 234 - 2004 / PMS Regn Code: PM/INP00000154 6 Angel Securities Ltd:BSE: INB010994639/INF010994639 NSE: INB230994635/INF230994635 Membership numbers: BSE 028/NSE:09946
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Technical Research | July 15, 2011
Daily Pivot Levels For Nifty 50 Stocks
SCRIPS
S2
S1
PIVOT
R1
R2
SENSEX
18,079
18,348
18,596
18,866
19,114
NIFTY
5,427
5,513
5,584
5,670
5,741
ABB
861
869
879
887
897
ACC
933
956
971
993
1,008
AMBUJACEM
120
123
126
129
131
AXISBANK
1,250
1,265
1,279
1,294
1,309
BHARTIARTL
391
394
396
399
402
BHEL
1,898
1,914
1,931
1,947
1,964
BPCL
654
661
667
674
680
CAIRN
311
314
317
320
323
CIPLA
318
324
327
333
336
DLF
219
226
232
240
246
GAIL
450
454
458
461
466
HCLTECH
486
489
492
496
499
HDFC
676
690
701
715
726
HDFCBANK
492
499
506
513
521
HEROHONDA
1,824
1,837
1,858
1,871
1,891
HINDALCO
173
175
179
181
185
HINDUNILVR
325
329
332
336
340
ICICIBANK
1,029
1,049
1,066
1,087
1,104
IDEA
79
80
81
82
82
IDFC
128
133
137
142
146
INFY
2,712
2,726
2,745
2,759
2,778
ITC
198
201
203
205
207
JINDALSTEL
604
618
630
643
656
JPASSOCIAT
75
76
77
78
80
KOTAKBANK
482
490
495
503
509
LT
1,753
1,786
1,814
1,847
1,875
M&M
694
705
714
724
734
MARUTI
1,134
1,154
1,171
1,191
1,208
NTPC
186
188
190
191
194
ONGC
277
280
284
287
291
PNB
1,108
1,128
1,144
1,164
1,180
POWERGRID
107
108
109
110
111
RANBAXY
540
543
549
553
558
RCOM
95
96
97
98
99
RELCAPITAL
575
584
593
602
611
RELIANCE
850
859
868
877
887
RELINFRA
557
566
575
584
593
RPOWER
114
115
117
118
119
SAIL
129
130
132
133
134
SBIN
2,380
2,424
2,456
2,500
2,533
SIEMENS
888
898
910
920
932
STER
162
164
166
169
171
SUNPHARMA
491
501
510
520
529
SUZLON
49
49
50
51
51
TATAMOTORS
1,016
1,042
1,062
1,088
1,108
TATAPOWER
1,251
1,262
1,276
1,287
1,301
TATASTEEL
564
571
577
583
590
TCS
1,094
1,109
1,134
1,149
1,173
UNITECH
32
33
34
35
35
WIPRO
407
409
412
414
417
Technical Research Team
For Private Circulation Only | Angel Broking Ltd: BSE Sebi Regn No : INB 010996539 / CDSL Regn No: IN - DP - CDSL - 234 - 2004 / PMS Regn Code: PM/INP00000154 6 Angel Securities Ltd:BSE: INB010994639/INF010994639 NSE: INB230994635/INF230994635 Membership numbers: BSE 028/NSE:09946
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Technical Report
RESEARCH TEAM
Shardul Kulkarni
Head - Technicals
Mileen Vasudeo
Technical Analyst
Sameet Chavan
Technical Analyst
Sacchitanand Uttekar
Technical Analyst
Mehul Kothari
Technical Analyst
For any Queries, Suggestions and Feedback kindly mail to [email protected]
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