Technical Research | July 18, 2011
Daily Technical Report
Sensex (18562) / NIFTY (5581)
Markets opened on a flat note and traded with extreme
Exhibit 1: Nifty Daily Chart
choppiness throughout the trading sessions. On the sector
front, Metal, Auto and Realty were among the losers whereas
IT sector was on a gaining side. The advance decline ratio was
marginally in favor of Declining counters (A=1384 D=1472).
(Source - www.bseindia.com)
Formation
„ On the Weekly chart, the downward sloping trend line,
joining the two significant highs of 21109 & 20665 / 6339 &
Source: Falcon
6181, remains a major resistance for the indices. This resistance
zone lies in the range of 19000 - 19132 / 5700 - 5740
Trading strategy:
The current price action suggests that indices are trading in the
range of 19132 / 5740 on the upside and 18326 / 5496 on
the downside. Any breach on either side of the range would
dictate the direction of the trend. In the coming week if indices
cross 18810 / 5653 level, then they may test the upper band of
the range of 19132 / 5740. A weekly closing above 19132 /
5740 level would indicate a clear breakout on the upside. On
the other hand, if 18326 / 5496 level is violated, then indices
may test 17950 - 17805 / 5400 - 5350 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 18, 2011
Daily Pivot Levels For Nifty 50 Stocks
SCRIPS
S2
S1
PIVOT
R1
R2
SENSEX
18,247
18,405
18,671
18,828
19,094
NIFTY
5,523
5,552
5,592
5,621
5,661
ABB
859
871
880
892
901
ACC
962
971
980
989
998
AMBUJACEM
123
125
126
128
129
AXISBANK
1,248
1,258
1,272
1,282
1,297
BHARTIARTL
387
390
394
397
401
BHEL
1,913
1,921
1,933
1,941
1,953
BPCL
663
668
672
677
681
CAIRN
311
313
316
318
321
CIPLA
318
321
326
329
333
DLF
225
229
234
239
244
GAIL
436
441
450
455
465
HCLTECH
487
492
496
501
504
HDFC
681
687
698
705
715
HDFCBANK
500
504
507
512
515
HEROHONDA
1,783
1,806
1,833
1,855
1,882
HINDALCO
174
175
178
179
182
HINDUNILVR
325
327
331
333
336
ICICIBANK
1,048
1,054
1,064
1,071
1,081
IDEA
80
81
81
82
82
IDFC
135
137
139
140
142
INFY
2,695
2,713
2,738
2,756
2,781
ITC
200
201
202
203
205
JINDALSTEL
620
626
631
637
642
JPASSOCIAT
75
76
77
77
78
KOTAKBANK
482
485
491
495
501
LT
1,789
1,806
1,818
1,835
1,847
M&M
701
711
717
728
734
MARUTI
1,152
1,165
1,175
1,188
1,198
NTPC
186
188
190
192
194
ONGC
273
276
280
283
288
PNB
1,126
1,133
1,143
1,150
1,161
POWERGRID
106
108
110
112
114
RANBAXY
536
540
546
551
557
RCOM
94
95
96
97
99
RELCAPITAL
578
586
594
602
610
RELIANCE
860
867
871
878
882
RELINFRA
556
563
573
579
589
RPOWER
111
113
115
117
119
SAIL
129
130
131
132
134
SBIN
2,446
2,460
2,480
2,494
2,514
SIEMENS
882
895
904
916
925
STER
160
162
164
165
168
SUNPHARMA
497
502
508
513
520
SUZLON
49
50
50
51
51
TATAMOTORS
1,009
1,021
1,041
1,054
1,074
TATAPOWER
1,239
1,251
1,265
1,276
1,291
TATASTEEL
562
568
574
580
587
TCS
1,118
1,132
1,155
1,169
1,192
UNITECH
33
33
34
35
36
WIPRO
407
411
414
418
421
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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