Technical Research | July 6, 2011
Daily Technical Report
Sensex (18745) / NIFTY (5632)
Markets opened on a flat note and traded with a negative bias
Exhibit 1: Sensex Daily Chart
throughout the day to close in red. On the sector front, Oil &
Gas, FMCG, Realty and Power contributed for the fall in the
indices, whereas Auto, IT and Bankex ended with marginal
gains. The advance decline ratio was in favor of advancing
counters (A=1534 D=1344). (Source - Iris software)
Formation
„ On the daily chart, there is no prominent pattern on the
chart.
Source: Falcon
Trading strategy:
on 29th June. On the upside, in coming trading session if indices
On the daily chart we are witnessing a consolidation of previous
manage to trade above 18838 / 5660 levels then they are
rise. At present, the immediate support for the indices is the
likely to resume the uptrend and test 19000 - 19155 / 5700 -
upward gap area zone of 18552 - 18527 / 5566 - 5558 formed
5750 levels.
Stock Recommendations:
Exhibit 2: Bhusan Steel (July Futures) - Hourly Chart
Stock - Bhusan Steel (July Futures)
Action - Buy
Range
:
`446.50 - 445.50
Stop Loss :
`440.10
Target
:
`464.00
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 6, 2011
Daily Pivot Levels For Nifty 50 Stocks
SCRIPS
S2
S1
PIVOT
R1
R2
SENSEX
18,615
18,680
18,759
18,824
18,903
NIFTY
5,587
5,610
5,635
5,657
5,682
ABB
844
850
856
862
868
ACC
945
958
965
978
986
AMBUJACEM
126
127
128
130
131
AXISBANK
1,310
1,319
1,329
1,338
1,349
BHARTIARTL
374
378
382
386
390
BHEL
1,879
1,915
1,979
2,015
2,079
BPCL
633
646
654
667
676
CAIRN
303
308
316
321
330
CIPLA
323
325
329
332
336
DLF
227
229
231
233
234
GAIL
450
453
458
461
465
HCLTECH
495
501
504
510
514
HDFC
685
692
698
706
711
HDFCBANK
2,498
2,520
2,536
2,557
2,573
HEROHONDA
1,863
1,880
1,893
1,910
1,922
HINDALCO
181
184
188
191
194
HINDUNILVR
329
331
334
336
339
ICICIBANK
1,082
1,090
1,096
1,103
1,110
IDEA
75
76
77
78
79
IDFC
132
134
136
138
140
INFY
2,907
2,932
2,951
2,976
2,995
ITC
192
194
197
199
202
JINDALSTEL
632
637
643
649
655
JPASSOCIAT
80
81
82
83
84
KOTAKBANK
472
478
485
490
497
LT
1,765
1,778
1,795
1,808
1,824
M&M
694
705
714
726
735
MARUTI
1,146
1,156
1,164
1,174
1,181
NTPC
181
183
184
186
188
ONGC
272
274
277
280
283
PNB
1,095
1,115
1,130
1,149
1,164
POWERGRID
107
108
109
111
112
RANBAXY
520
533
540
553
560
RCOM
97
98
100
101
102
RELCAPITAL
570
590
601
621
633
RELIANCE
828
837
853
862
878
RELINFRA
556
568
576
588
596
RPOWER
116
117
118
120
121
SAIL
135
139
141
144
147
SBIN
2,385
2,429
2,454
2,498
2,523
SIEMENS
876
883
892
899
909
STER
168
170
172
175
177
SUNPHARMA
490
494
497
502
505
SUZLON
49
49
50
51
52
TATAMOTORS
998
1,007
1,018
1,027
1,037
TATAPOWER
1,307
1,312
1,317
1,323
1,328
TATASTEEL
587
592
600
605
612
TCS
1,164
1,172
1,181
1,189
1,199
UNITECH
32
33
33
34
34
WIPRO
419
424
427
432
435
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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