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echnical Research |echnical Research |
echnical Research |echnical Research |
echnical Research | June 29, 2011
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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Daily Technical Report
Sensex (18493) / NIFTY (5545)
Markets opened higher, witnessed a minor correction but
recovered in the later half of the day to close in green. On the
sector front, PSU, Consumer Goods, Consumer Durable and
Auto were among the gainers whereas Oil&Gas and Realty
ended with marginal loss. The advance decline ratio was in
favor of Advancing counters (A=1480 D=1392).
(Source - Iris
software)
Formation
On the
DailyDaily
DailyDaily
Daily chart, we are witnessing a "Doji" candlestick
formation which indicates indecisiveness prevailing at current
level.
Trading strategy:
In the coming trading session we maintain our previous day
view that if indices trade above 18530 / 5560 levels then they
are likely to 18673 - 18730 / 5600 - 5620 level. However, on
the daily chart, the "Doji" candlestick formation suggests that
consolidation of the previous gains for another session cannot
be ruled out. On the downside indices have support at 18270
- 18111 / 5482 - 5438 levels may act support for the day.
Source: Falcon
Exhibit 1: Sensex Daily Chart
Stock Recommendations:
Stock -
DRREDDDRREDD
DRREDDDRREDD
DRREDD
Y (June FY (June F
Y (June FY (June F
Y (June F
utures)utures)
utures)utures)
utures)
Action -
BuyBuy
BuyBuy
Buy
Range : `1534 - 1536
Stop Loss : `1515
Target : `1575
Source: Falcon
Exhibit 2: DRREDDY (June Futures) - Hourly Chart
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echnical Research |echnical Research |
echnical Research |echnical Research |
echnical Research | June 29, 2011
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 Team
SENSEX
NIFTY
ABB
ACC
AMBUJACEM
AXISBANK
BHARTIARTL
BHEL
BPCL
CAIRN
CIPLA
DLF
GAIL
HCLTECH
HDFC
HDFCBANK
HEROHONDA
HINDALCO
HINDUNILVR
ICICIBANK
IDEA
IDFC
INFOSYSTCH
ITC
JINDALSTEL
JPASSOCIAT
KOTAKBANK
LT
M&M
MARUTI
NTPC
ONGC
PNB
POWERGRID
RANBAXY
RCOM
RELCAPITAL
RELIANCE
RELINFRA
RPOWER
SAIL
SBIN
SIEMENS
STER
SUNPHARMA
SUZLON
TATAMOTORS
TATAPOWER
TATASTEEL
TCS
UNITECH
WIPRO
SCRIPS
S2S2
S2S2
S2
S1 S1
S1 S1
S1
PIVPIV
PIVPIV
PIV
OO
OO
O
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R1R1
R1R1
R1
R2R2
R2R2
R2
Daily Pivot Levels For Nifty 50 Stocks
18,244 18,368 18,448 18,572 18,652
5,471 5,508 5,533 5,570 5,595
830 851 863 884 897
945 953 969 978 994
128 130 131 133 135
1,280 1,291 1,302 1,313 1,324
392 396 401 405 409
1,955 1,979 1,995 2,019 2,034
636 644 657 665 677
296 301 305 311 315
324 328 332 336 340
204 207 212 215 219
435 441 450 456 465
473 481 489 498 506
669 680 686 696 702
2,394 2,408 2,419 2,434 2,445
1,820 1,833 1,849 1,863 1,878
171 176 179 184 186
319 321 323 326 328
1,064 1,074 1,083 1,092 1,102
75 77 77 79 79
122 124 127 129 132
2,829 2,847 2,862 2,880 2,895
189 191 193 195 197
615 622 633 641 652
76 78 79 80 82
446 454 459 466 472
1,764 1,783 1,793 1,812 1,823
680 687 694 701 708
1,126 1,142 1,158 1,174 1,191
180 182 183 185 186
277 281 285 289 293
1,058 1,066 1,074 1,082 1,090
107 108 109 110 111
523 528 535 540 547
93 94 95 96 96
554 559 563 567 571
854 862 871 879 888
508 515 523 530 537
113 114 115 116 117
133 135 137 139 141
2,307 2,324 2,337 2,354 2,366
869 877 883 890 896
159 161 163 165 167
482 487 492 497 502
47 48 48 49 50
958 972 981 994 1,004
1,255 1,271 1,285 1,300 1,314
578 583 588 592 597
1,124 1,139 1,151 1,165 1,177
29 30 31 32 32
408 413 419 424 430
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echnical Research |echnical Research |
echnical Research |echnical Research |
echnical Research | June 29, 2011
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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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 Website: www.angelbroking.com
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