Technical Research | June 24, 2011
Daily Technical Report
Sensex (17727) / Nifty (5320)
Markets opened lower but gradually picked up momentum on
move. Hence in coming trading session if indices trade above
the upside as the day progressed which led the indices to close
17755 / 5331 then it may rally up to 17840 - 17961 / 5360 -
near days high. On the sector front, Consumer Durable, FMCG
5400 levels. On the downside 17500 - 17368 / 5263 - 5200
and Oil & Gas Realty ended up with decent gains HC and
may act as support for the day.
Realty ended up with marginal loss. The advance decline ratio
Exhibit 1: Sensex Daily Chart
was in favor of declining counters (A=1191 D=1621).
(Source - Iris software)
Formation
„ On the daily chart, we are observing that the momentum
oscillators are exiting from the oversold zone. This suggests a
minor pullback of previous downfall.
Trading strategy:
The placement of momentum oscillators suggests that indices
Source: Falcon
may witness a pullback or a consolidation of the precious down
Stock Recommendations:
Exhibit 2:HINDUNILVR (June Futures) - Daily Chart
Stock - HINDUNILVR (June Futures)
Action - Sell
Range
:
`315 - 316
Stop Loss :
`319.30
Target
:
`303
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 | June 24, 2011
Daily Pivot Levels For Nifty 50 Stocks
SCRIPS
S2
S1
PIVOT
R1
R2
SENSEX
17,382
17,555
17,655
17,827
17,927
NIFTY
5,223
5,271
5,301
5,350
5,379
ABB
807
813
823
829
839
ACC
939
946
955
962
971
AMBUJACEM
125
126
128
129
130
AXISBANK
1,224
1,234
1,243
1,253
1,262
BHARTIARTL
375
379
383
386
391
BHEL
1,880
1,890
1,904
1,913
1,928
BPCL
592
605
619
632
647
CAIRN
304
307
310
312
315
CIPLA
310
313
317
320
324
DLF
202
206
210
214
217
GAIL
433
436
438
441
443
HCLTECH
453
462
468
477
483
HDFC
630
635
640
644
650
HDFCBANK
2,298
2,316
2,328
2,345
2,357
HEROHONDA
1,698
1,731
1,750
1,782
1,801
HINDALCO
163
165
167
169
171
HINDUNILVR
306
312
315
321
324
ICICIBANK
1,005
1,018
1,027
1,039
1,048
IDEA
73
74
75
76
78
IDFC
117
119
120
122
123
INFOSYSTCH
2,714
2,747
2,768
2,800
2,822
ITC
182
187
189
194
197
JINDALSTEL
601
608
614
621
627
JPASSOCIAT
73
75
76
77
78
KOTAKBANK
422
428
432
438
442
LT
1,625
1,646
1,662
1,683
1,698
M&M
637
645
651
659
664
MARUTI
1,077
1,088
1,103
1,114
1,129
NTPC
173
174
177
178
181
ONGC
253
259
264
270
275
PNB
1,028
1,034
1,040
1,046
1,052
POWERGRID
101
102
102
103
103
RANBAXY
499
505
510
517
522
RCOM
86
88
90
92
94
RELCAPITAL
505
517
524
535
542
RELIANCE
836
853
863
880
890
RELINFRA
511
523
530
541
549
RPOWER
106
108
109
110
111
SAIL
127
129
131
134
136
SBIN
2,122
2,142
2,156
2,176
2,190
SIEMENS
838
843
849
853
859
STER
150
153
155
159
161
SUNPHARMA
479
484
489
494
499
SUZLON
43
44
45
46
47
TATAMOTORS
915
930
941
956
967
TATAPOWER
1,212
1,227
1,236
1,250
1,260
TATASTEEL
549
553
557
561
566
TCS
1,058
1,078
1,089
1,109
1,120
UNITECH
27
28
29
30
31
WIPRO
398
404
408
414
418
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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