Technical Research | July 1, 2011
Daily Technical Report
Sensex (18847) / NIFTY (5647)
Markets for the second consecutive trading session opened up
Exhibit 1: Sensex Daily Chart
with a gap and traded with positive bias throughout the day to
close in green. On the sector front, gains were seen in all the
sectors except Healthcare ended up with minor loss. The
advance decline ratio was in favor of Advancing counters
(A=1526 D=1372). (Source - Iris software)
Formation
„ On the Daily chart, again we are witnessing a gap which
indicates that the undertone is still on the positive side.
Source: Falcon
Trading strategy:
On the daily chart the series of gaps indicates that the undertone
is positive. Hence in coming trading session if indices trade
above 18880 / 5660 then it may test 19050 - 19110 / 5720 -
5740 levels. On the downside 18720 - 18570 / 5600 - 5550
levels may act support for the day.
Stock Recommendations:
Exhibit 2: UCO Bank (July Futures) - Hourly Chart
Stock - UCO Bank (July Futures)
Action - Buy
Range
:
`93.00 - 93.50
Stop Loss :
`91.50
Target
:
`97.60
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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Technical Research | July 1, 2011
Daily Pivot Levels For Nifty 50 Stocks
SCRIPS
S2
S1
PIVOT
R1
R2
SENSEX
18,664
18,755
18,814
18,905
18,964
NIFTY
5,585
5,616
5,637
5,668
5,689
ABB
853
864
872
884
891
ACC
921
936
958
972
994
AMBUJACEM
128
131
133
136
138
AXISBANK
1,267
1,278
1,292
1,303
1,317
BHARTIARTL
382
389
396
403
410
BHEL
1,999
2,025
2,043
2,069
2,088
BPCL
619
635
646
661
672
CAIRN
302
307
310
315
318
CIPLA
319
325
330
336
342
DLF
209
210
211
212
213
GAIL
435
438
442
445
450
HCLTECH
484
490
495
500
505
HDFC
690
698
704
712
718
HDFCBANK
2,457
2,486
2,506
2,535
2,554
HEROHONDA
1,823
1,850
1,869
1,896
1,914
HINDALCO
176
178
181
183
186
HINDUNILVR
327
335
342
350
356
ICICIBANK
1,068
1,081
1,090
1,104
1,113
IDEA
78
79
80
81
82
IDFC
128
130
131
133
134
INFOSYSTCH
2,866
2,888
2,904
2,926
2,941
ITC
198
200
202
205
207
JINDALSTEL
622
637
648
664
675
JPASSOCIAT
77
79
80
82
83
KOTAKBANK
454
466
475
488
496
LT
1,781
1,802
1,819
1,840
1,856
M&M
686
694
699
708
713
MARUTI
1,134
1,147
1,167
1,180
1,200
NTPC
181
184
186
189
191
ONGC
270
272
275
277
281
PNB
1,068
1,079
1,089
1,099
1,110
POWERGRID
106
108
110
111
113
RANBAXY
522
532
544
554
566
RCOM
93
95
95
97
97
RELCAPITAL
551
565
573
587
595
RELIANCE
881
890
896
905
911
RELINFRA
520
527
539
547
558
RPOWER
113
114
115
117
118
SAIL
135
136
138
140
142
SBIN
2,364
2,384
2,409
2,429
2,454
SIEMENS
867
879
888
900
909
STER
165
167
168
170
172
SUNPHARMA
481
490
498
506
515
SUZLON
47
47
48
49
50
TATAMOTORS
971
982
993
1,005
1,016
TATAPOWER
1,250
1,279
1,301
1,330
1,351
TATASTEEL
599
605
609
614
618
TCS
1,156
1,170
1,181
1,195
1,206
UNITECH
30
31
32
32
33
WIPRO
405
411
418
424
430
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]
Research Team: 022-3952 6600
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