Technical Research | July 26, 2011
Daily Technical Report
Sensex (18871) / NIFTY (5680)
Markets opened on a flat note and traded with a positive bias
Exhibit 1: Sensex Daily Chart
throughout the day to close well above its resistance level of
18810 / 5653. On the sector front, Auto, Teck and Capital
Goods were among the major gainers whereas FMCG
sector was on a losing side. The advance decline ratio was
marginally in favor of Advancing counters (A=1609 D=1274).
(Source - www.bseindia.com)
Formation
„ On the Daily chart, we are witnessing a positive crossover
Source: Falcon
in RSI - Smoothened momentum oscillator.
oscillators, we expect indices to test 19132 / 5740 level
Trading strategy:
as mentioned in our previous report. Also, this upside
movement can be supported by some of the Banking and Metals
Markets opened with a neutral bias and tested intraday support
counters if they sustain above today's high. On the downside,
level of 18660 / 5610 during the first half of the session. Positive
18810 - 18660 / 5653 - 5610 levels may act as supports for
momentum was witnessed once markets crossed resistance level
coming trading session.
of 18766 / 5645. Looking at the placement of momentum
Stock Recommendations:
Exhibit 2: HIND.OIL EXPLORATION (July Fut.) - Daily Chart
Stock - HIND.OIL EXPLORATION (July Fut.)
Action - Buy
Range
:
`185.60 - 185.10
Stop Loss
:
`183.65
Target
:
`189.50
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 26, 2011
Daily Pivot Levels For Nifty 50 Stocks
SCRIPS
S2
S1
PIVOT
R1
R2
SENSEX
18,563
18,717
18,825
18,979
19,086
NIFTY
5,582
5,631
5,666
5,715
5,750
ACC
978
989
996
1,007
1,014
AMBUJACEM
126
129
131
133
135
AXISBANK
1,277
1,307
1,324
1,354
1,370
BAJAJ-AUTO
1,420
1,433
1,445
1,458
1,469
BHARTIARTL
398
415
427
444
455
BHEL
1,941
1,970
1,987
2,016
2,034
BPCL
661
666
671
676
681
CAIRN
321
324
328
331
334
CIPLA
310
313
318
322
327
DLF
234
239
242
247
251
DRREDDY
1,530
1,559
1,579
1,608
1,628
GAIL
456
462
470
475
483
HCLTECH
495
506
512
523
530
HDFC
691
700
705
713
719
HDFCBANK
494
499
503
509
512
HEROHONDA
1,792
1,809
1,820
1,837
1,847
HINDALCO
172
177
179
184
186
HINDUNILVR
327
329
332
334
336
ICICIBANK
1,044
1,060
1,072
1,087
1,099
IDFC
138
141
143
146
148
INFY
2,774
2,791
2,808
2,825
2,842
ITC
201
203
205
207
209
JINDALSTEL
615
624
630
639
645
JPASSOCIAT
73
75
76
78
79
KOTAKBANK
472
480
484
491
496
LT
1,803
1,828
1,843
1,868
1,883
M&M
709
729
741
761
773
MARUTI
1,142
1,162
1,173
1,193
1,205
NTPC
180
182
183
185
187
ONGC
275
277
280
282
285
PNB
1,151
1,174
1,187
1,210
1,223
POWERGRID
106
107
108
110
111
RANBAXY
530
537
542
549
555
RCOM
89
98
103
113
118
RELCAPITAL
589
595
600
606
610
RELIANCE
872
877
885
890
898
RELINFRA
569
579
588
598
606
RPOWER
113
115
116
119
120
SAIL
130
132
133
135
137
SBIN
2,451
2,482
2,503
2,534
2,556
SESAGOA
274
278
283
286
291
SIEMENS
917
931
939
953
961
STER
168
170
172
174
176
SUNPHARMA
500
513
521
534
542
SUZLON
51
53
54
56
58
TATAMOTORS
977
992
1,002
1,017
1,027
TATAPOWER
1,274
1,294
1,306
1,326
1,338
TATASTEEL
572
582
588
598
604
TCS
1,115
1,127
1,136
1,148
1,157
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
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