Technical Research | March 05, 2012

Daily Technical Report

Sensex (17637) / NIFTY (5359)

Exhibit 1: Nifty Daily Chart

On Friday, our Benchmark indices opened on a flat note

and traded in a narrow range throughout the day. As

expected and mentioned, 17795 / 5397 levels acted as a

resistance for the day. On the sectoral front, most of the

sectors ended flat with minor changes. The advance to

decline ratio was strongly in favor of advancing counters.

(A=1374 D=878) (Source -www.bseindia.com)

Formation:

• The 200-day SMA and 20-day EMA have now shifted to

17180 / 5167 and 17682 / 5362, respectively.

• The weekly “Stochastic” oscillator is still negatively

poised.

• The

61.8% Fibonacci retracement level of the fall

21109 / 6339 (November 5, 2010) to 15135 / 4531

(December 23, 2011) is around 18827 / 5645.

Source: Falcon

Trading strategy:

Actionable points:

View

Neutral

Broadly speaking, markets are trading in a range of 18001

Resistance Levels

5397

to 17381 / 5459 to 5268. A breakout from the mentioned

Support levels

5297 - 5268

trading range, on either side, is likely to dictate a clear

direction in coming weeks. Therefore, if indices manage to

Traders should take a note that the coming week is likely

sustain above the weekly high of 18001 / 5459, then we

to witness volatility on account of the results from the UP

may witness a positive momentum, which would push

elections and markets may take clues from the same.

indices higher to retest recent swing high of 18524 / 5630.

On the downside, 17381 / 5268 level may provide decent

support for the markets. A word of caution, the weekly

“Stochastic” oscillator is still negatively poised. The impact

of this technical tool may come into action on the

violation of this week’s low of 17381 / 5268 level. In

this scenario, selling pressure is likely to intensify further

and may drag indices to test “200-day SMA” support

zone of 17230 - 17180 / 5210 - 5167 level.

For Private Circulation Only |

Technical Research | March 05, 2012

Bank Nifty Outlook - (10434)

Exhibit 2: Bank Nifty Daily Chart

On Friday, Bank Nifty opened on a flat note and traded

with extreme volatility throughout the day. The index for

the second day traded in our mentioned range of 10800

- 10200. The positive crossover mentioned in “stochastic”

momentum oscillator in our previous report is still intact.

The index has taken support on the trend line joining the

lows of January 30, 2012 - February 27, 2012. We

reiterate our view that the index is likely to be in the range

of 10800 - 10200. Only a sustainable move outside the

said range will dictate a clear direction of the trend.

Within the mentioned range index is likely to face

temporary resistance at 10585 - 10667 - 10800. On the

downside move below 10200 level is likely to attract

selling pressure and the index may test 10073 level.

Actionable points:

View

Neutral

Resistance Levels

10585 - 10667

Support Levels

10200

Source: Falcon

For Private Circulation Only |

Technical Research | March 05, 2012

Daily Pivot Levels for Nifty 50 Stocks

SCRIPS

PIVOT

SENSEX

17,397

17,517

17,624

17,744

17,852

NIFTY

5,278

5,319

5,356

5,396

5,433

BANKNIFTY

10,012

10,223

10,404

10,615

10,795

ACC

1,309

1,324

1,339

1,354

1,369

AMBUJACEM

162

165

168

171

173

AXISBANK

1,109

1,138

1,173

1,202

1,238

BAJAJ-AUTO

1,698

1,724

1,761

1,787

1,824

BHARTIARTL

341

346

349

354

357

BHEL

285

291

297

303

309

BPCL

653

658

664

669

674

CAIRN

361

365

373

378

385

CIPLA

311

313

316

318

321

COALINDIA

326

329

332

335

339

DLF

194

199

205

209

215

DRREDDY

1,634

1,655

1,692

1,713

1,750

GAIL

366

369

373

375

379

HCLTECH

471

476

482

487

493

HDFC

657

665

670

678

684

HDFCBANK

500

509

517

527

534

HEROMOTOCO

1,898

1,920

1,948

1,969

1,997

HINDALCO

141

144

150

154

159

HINDUNILVR

374

378

381

386

388

ICICIBANK

858

880

897

920

937

IDFC

134

137

139

143

145

INFY

2,789

2,818

2,841

2,869

2,893

ITC

201

203

205

207

210

JINDALSTEL

567

578

586

597

606

JPASSOCIAT

KOTAKBANK

535

550

563

578

591

1,247

1,274

1,297

1,323

1,347

M&M

666

673

681

688

696

MARUTI

1,295

1,313

1,325

1,343

1,355

NTPC

174

177

179

181

183

ONGC

272

277

281

286

290

PNB

917

936

955

973

992

POWERGRID

110

111

112

113

114

RANBAXY

419

424

428

432

436

RCOM

RELIANCE

800

807

813

819

825

RELINFRA

585

600

613

628

640

RPOWER

119

121

123

125

127

SAIL

100

102

103

104

SBIN

2,142

2,194

2,238

2,290

2,334

SESAGOA

206

209

212

216

219

SIEMENS

770

783

803

816

836

STER

120

122

124

126

128

SUNPHARMA

541

554

563

575

584

SUZLON

TATAMOTORS

261

264

268

272

275

TATAPOWER

112

113

115

116

118

TATASTEEL

454

460

466

472

478

TCS

1,197

1,207

1,217

1,227

1,237

WIPRO

408

419

431

441

454

Technical Research Team

For Private Circulation Only |

Technical Report

RESEARCH TEAM

Shardul Kulkarni

Head - Technicals

Sameet Chavan

Technical Analyst

Sacchitanand Uttekar

Technical Analyst

Mehul Kothari

Technical Analyst

Ankur Lakhotia

Technical Analyst

For any Queries, Suggestions and Feedback kindly mail to [email protected]

Research Team: 022-3952 6600

Website: www.angelbroking.com

DISCLAIMER: This document is not for public distribution and has been furnished to you solely for your information and must not

be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe

these restrictions.

Opinion expressed is our current opinion as of the date appearing on this material only. While we endeavor to update on a

reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us

from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be

subject to change without notice. Our proprietary trading and investment businesses may make investment decisions that are

inconsistent with the recommendations expressed herein.

The information in this document has been printed on the basis of publicly available information, internal data and other reliable

sources believed to be true and are for general guidance only. While every effort is made to ensure the accuracy and completeness of

information contained, the company takes no guarantee and assumes no liability for any errors or omissions of the information. No

one can use the information as the basis for any claim, demand or cause of action.

Recipients of this material should rely on their own investigations and take their own professional advice. Each recipient of this

document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the

securities of companies referred to in this document (including the merits and risks involved), and should consult their own advisors to

determine the merits and risks of such an investment. Price and value of the investments referred to in this material may go up or

down. Past performance is not a guide for future performance. Certain transactions - futures, options and other derivatives as well as

non-investment grade securities - involve substantial risks and are not suitable for all investors. Reports based on technical analysis

centers on studying charts of a stock's price movement and trading volume, as opposed to focusing on a company's fundamentals

and as such, may not match with a report on a company's fundamentals.

We do not undertake to advise you as to any change of our views expressed in this document. While we would endeavor to update

the information herein on a reasonable basis, Angel Broking, its subsidiaries and associated companies, their directors and

employees are under no obligation to update or keep the information current. Also there may be regulatory, compliance, or other

reasons that may prevent Angel Broking and affiliates from doing so. Prospective investors and others are cautioned that any

forward-looking statements are not predictions and may be subject to change without notice.

Angel Broking Limited and affiliates, including the analyst who has issued this report, may, on the date of this report, and from time

to time, have long or short positions in, and buy or sell the securities of the companies mentioned herein or engage in any other

transaction involving such securities and earn brokerage or compensation or act as advisor or have other potential conflict of interest

with respect to company/ies mentioned herein or inconsistent with any recommendation and related information and opinions.

Angel Broking Limited and affiliates may seek to provide or have engaged in providing corporate finance, investment banking or

other advisory services in a merger or specific transaction to the companies referred to in this report, as on the date of this report or

in the past.

Sebi Registration No : INB 010996539

For Private Circulation Only |