Technical Research | January 11, 2012

Daily Technical Report

Sensex (16165) / NIFTY (4850)

Exhibit 1: Nifty Daily Chart

Yesterday, markets opened on an optimistic note and

traded with positive bias throughout the day. Strong positive

momentum towards the end of the session pushed indices

to close almost at the highest point of the day. On the

sectoral front, Realty, Capital Goods and Banking sectors

contributed heavily in yesterday’s rally. There was no sector

in the negative territory. The advance to decline ratio was

strongly in favor of gaining counters. (A=2136 D=673).

(Source -www.bseindia.com)

Formation:

• We are witnessing a positive crossover in weekly

momentum oscillators’ viz., the RSI and the Stochastic.

• On the Daily chart, we are now witnessing a breakout

from the “Downward Sloping Trend Line” resistance around

Source: Falcon

16070 / 4820 level.

Actionable points:

Trading strategy:

View

Positive Above 4855

Indices opened higher in-line with global cues and finally

Expected Targets

4881 - 4920

after several attempts, managed to cross mentioned

Support level

4820 - 4780

resistance level of 16070 / 4820. The impact of positive

crossover in weekly momentum oscillator was seen as

indices closed well above the “Downward Sloping Trend

Line” resistance (which was also 16070 / 4820). Thus

going forward, indices are likely to head towards the next

resistance levels of 16286 - 16421/ 4881 - 4920. A move

beyond 16421 / 4920 level may push indices even higher

to test 16600 - 17004 / 4976 - 5100. On the downside,

16070 - 15950 / 4820 - 4780 levels may provide decent

support in coming trading sessions.

For Private Circulation Only |

Technical Research | January 11, 2012

Daily Pivot Levels for Nifty 50 Stocks

SCRIPS

PIVOT

SENSEX

15,799

15,982

16,081

16,265

16,364

NIFTY

4,737

4,793

4,825

4,881

4,912

BANKNIFTY

8,460

8,598

8,673

8,811

8,886

ACC

1,089

1,102

1,114

1,127

1,139

AMBUJACEM

149

151

152

154

155

AXISBANK

855

875

886

906

917

BAJAJ-AUTO

1,401

1,415

1,440

1,454

1,478

BHARTIARTL

316

323

328

335

341

BHEL

254

259

263

269

273

BPCL

464

473

480

489

496

CAIRN

331

334

338

341

345

CIPLA

340

343

346

349

352

DLF

174

179

183

188

192

DRREDDY

1,592

1,605

1,616

1,629

1,639

GAIL

377

379

382

383

386

HCLTECH

415

418

419

421

423

HDFC

658

671

679

692

700

HDFCBANK

453

456

459

463

466

HEROMOTOCO

1,713

1,744

1,762

1,793

1,811

HINDALCO

117

120

122

125

127

HINDUNILVR

388

392

395

399

403

ICICIBANK

739

757

768

786

797

IDFC

101

102

103

104

INFY

2,838

2,851

2,863

2,876

2,888

ITC

201

203

204

207

208

JINDALSTEL

470

485

495

510

520

JPASSOCIAT

KOTAKBANK

449

458

464

472

478

1,078

1,106

1,123

1,151

1,168

M&M

642

666

680

704

718

MARUTI

970

978

986

994

1,001

NTPC

155

156

158

160

162

ONGC

256

259

261

263

266

PNB

813

836

852

876

892

POWERGRID

100

101

102

104

105

RANBAXY

433

437

442

446

451

RCOM

RELCAPITAL

254

268

276

290

298

RELIANCE

702

719

729

746

756

RELINFRA

371

385

395

409

418

RPOWER

SAIL

SBIN

1,627

1,665

1,687

1,725

1,747

SESAGOA

161

164

167

170

173

SIEMENS

670

688

700

718

730

STER

SUNPHARMA

501

509

514

522

527

SUZLON

TATAMOTORS

199

202

204

207

210

TATAPOWER

TATASTEEL

357

364

369

376

381

TCS

1,143

1,154

1,170

1,181

1,197

WIPRO

399

401

404

407

410

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 |