May 17, 2011
Technical Research |
Daily Technical Report
Sensex (18345) / Nifty (5499)
Markets opened lower and traded with negative bias throughout
Trading strategy:
the day to close in red. In case of specific sectors, Metals, Realty
5443 is an important support level considering the daily charts.
and Construction stocks were the weakest. Stocks such as
In coming trading session if 18280 / 5465 level is breached
JPAssociates, DLF, and Tata Steel contributed to the fall where
then indices may test 18160 - 18040 / 5443 -5400 levels. On
as Ranbaxy Hero Honda and SunPharma traded with positive
the upside 18470 - 18517 / 5532 - 5550 may act resistance
bias.
for the day. Since the Daily trend remains down, traders are
advised to stay light on long positions.
Pattern Formation - Inside Day
An Inside day is said to have been formed on the charts
when the current day's price action is within the range of the
previous day. This pattern indicates indecisiveness at current
levels.
Exhibit 1: Nifty daily chart
Source: Falcon
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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May 17, 2011
Technical Research |
Daily Pivot Levels For Nifty 50 Stocks
SCRIPS
S2
S1
PIVOT
R1
R2
SENSEX
18,213.00
18,279.00
18,386.00
18,452.00
18,559.00
NIFTY
5,455.00
5,477.00
5,509.00
5,531.00
5,564.00
ABB
849.00
854.00
859.00
864.00
868.00
ACC
969.00
985.00
1,001.00
1,016.00
1,032.00
AMBUJACEM
135.00
137.00
139.00
141.00
142.00
AXISBANK
1,205.00
1,215.00
1,228.00
1,238.00
1,251.00
BHARTIARTL
360.00
366.00
370.00
376.00
381.00
BHEL
2,008.00
2,029.00
2,047.00
2,068.00
2,086.00
BPCL
624.00
638.00
659.00
674.00
695.00
CAIRN
329.00
332.00
337.00
340.00
345.00
CIPLA
298.00
301.00
305.00
309.00
313.00
DLF
221.00
224.00
228.00
230.00
235.00
GAIL
444.00
448.00
454.00
458.00
464.00
HCLTECH
493.00
496.00
501.00
504.00
509.00
HDFC
623.00
629.00
637.00
643.00
652.00
HDFCBANK
2,222.00
2,238.00
2,252.00
2,267.00
2,282.00
HEROHONDA
1,718.00
1,791.00
1,835.00
1,908.00
1,952.00
HINDALCO
189.00
192.00
195.00
198.00
201.00
HINDUNILVR
296.00
300.00
305.00
309.00
315.00
ICICIBANK
1,048.00
1,053.00
1,060.00
1,065.00
1,072.00
IDEA
65.00
66.00
67.00
68.00
69.00
IDFC
127.00
128.00
130.00
131.00
133.00
INFOSYSTCH
2,823.00
2,837.00
2,856.00
2,870.00
2,890.00
ITC
182.00
184.00
187.00
189.00
193.00
JINDALSTEL
617.00
624.00
634.00
642.00
652.00
JPASSOCIAT
82.00
83.00
86.00
88.00
90.00
KOTAKBANK
402.00
407.00
415.00
419.00
427.00
LT
1,495.00
1,506.00
1,522.00
1,533.00
1,550.00
M&M
657.00
665.00
677.00
685.00
697.00
MARUTI
1,189.00
1,210.00
1,224.00
1,245.00
1,259.00
NTPC
171.00
173.00
175.00
176.00
178.00
ONGC
288.00
292.00
300.00
305.00
313.00
PNB
1,038.00
1,049.00
1,069.00
1,080.00
1,100.00
POWERGRID
101.00
101.00
102.00
102.00
103.00
RANBAXY
475.00
497.00
509.00
530.00
542.00
RCOM
87.00
88.00
90.00
91.00
93.00
RELCAPITAL
506.00
511.00
518.00
523.00
530.00
RELIANCE
936.00
941.00
946.00
950.00
956.00
RELINFRA
587.00
593.00
600.00
606.00
614.00
RPOWER
112.00
113.00
115.00
116.00
118.00
SAIL
150.00
151.00
153.00
154.00
156.00
SBIN
2,581.00
2,599.00
2,628.00
2,646.00
2,675.00
SIEMENS
820.00
833.00
856.00
869.00
892.00
STER
166.00
167.00
169.00
170.00
172.00
SUNPHARMA
423.00
432.00
437.00
446.00
452.00
SUZLON
51.00
52.00
54.00
55.00
56.00
TATAMOTORS
1,172.00
1,194.00
1,207.00
1,229.00
1,242.00
TATAPOWER
1,215.00
1,222.00
1,229.00
1,236.00
1,243.00
TATASTEEL
566.00
572.00
582.00
588.00
599.00
TCS
1,105.00
1,118.00
1,133.00
1,146.00
1,160.00
UNITECH
35.00
36.00
36.00
37.00
37.00
WIPRO
430.00
435.00
440.00
445.00
449.00
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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