Technical Research | July 22, 2011
Daily Technical Report
Sensex (18436) / NIFTY (5542)
Markets opened on a flat note in-line with global cues and
Exhibit 1: Sensex Daily Chart
traded with a negative bias to close marginally below its support
level of 18470 / 5550 level. On the sector front, Consumer
Durables, Realty, Banking and Oil & Gas were among the major
losers. The advance decline ratio was in favor of declining
counters (A=1193 D=1642). (Source - www.bseindia.com)
Formation
„ No major formation is seen on the chart
Source: Falcon
Trading strategy:
We witnessed a lackluster movement throughout the trading
session but a selling pressure was seen in some of the index
heavyweights (Reliance Industries, Kotak Mahindra bank,
Reliance Communication) which dragged indices lower to close
marginally below its downside support level of 18470 / 5550.
If Indices breach today's low of 18415 / 5532 then they are
likely to test 18326 -18223 / 5496 - 5468 level. On the upside,
if 18567 / 5580 level may act as resistance for the day.
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 22, 2011
Daily Pivot Levels For Nifty 50 Stocks
SCRIPS
S2
S1
PIVOT
R1
R2
SENSEX
18,321
18,379
18,473
18,530
18,624
NIFTY
5,505
5,523
5,551
5,569
5,597
ABB
845
862
871
889
898
ACC
964
971
978
985
992
AMBUJACEM
125
126
127
127
129
AXISBANK
1,215
1,227
1,245
1,257
1,274
BHARTIARTL
390
392
395
398
400
BHEL
1,903
1,921
1,938
1,955
1,972
BPCL
653
657
662
666
670
CAIRN
314
317
319
323
325
CIPLA
310
313
315
318
321
DLF
235
238
242
245
249
GAIL
450
454
457
461
464
HCLTECH
487
495
501
510
516
HDFC
686
692
697
704
709
HDFCBANK
488
492
499
503
509
HEROHONDA
1,703
1,744
1,771
1,813
1,840
HINDALCO
174
176
177
179
180
HINDUNILVR
329
331
334
336
339
ICICIBANK
1,027
1,034
1,044
1,051
1,061
IDEA
77
78
79
81
82
IDFC
134
135
138
140
142
INFY
2,715
2,742
2,763
2,789
2,811
ITC
203
205
206
208
210
JINDALSTEL
621
625
629
633
638
JPASSOCIAT
73
74
75
76
77
KOTAKBANK
461
469
481
488
500
LT
1,769
1,779
1,797
1,807
1,825
M&M
690
696
703
710
717
MARUTI
1,136
1,146
1,158
1,168
1,180
NTPC
179
181
184
186
188
ONGC
273
275
277
279
281
PNB
1,123
1,132
1,145
1,154
1,167
POWERGRID
106
107
108
109
111
RANBAXY
526
530
533
536
540
RCOM
86
88
92
94
97
RELCAPITAL
577
582
590
594
602
RELIANCE
846
854
865
872
883
RELINFRA
562
567
572
577
582
RPOWER
111
112
114
114
116
SAIL
127
128
130
131
133
SBIN
2,424
2,440
2,459
2,475
2,495
SIEMENS
903
916
926
939
948
STER
164
165
166
167
168
SUNPHARMA
493
499
503
509
513
SUZLON
49
51
52
54
55
TATAMOTORS
953
965
975
987
997
TATAPOWER
1,263
1,273
1,286
1,297
1,309
TATASTEEL
568
571
574
577
581
TCS
1,113
1,118
1,125
1,130
1,137
UNITECH
34
35
36
36
37
WIPRO
389
395
399
405
409
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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