Technical Research | September 27, 2011
Daily Technical Report
Sensex (16051) / Nifty (4835)
Markets opened with a neutral bias and drifted towards
Exhibit 1: Sensex Daily Chart
15800 / 4750 level during the first half the session but
buying emerged near this level which pushed indices higher
to give a close above 16000 / 4800 mark. On the sector
front, Consumer Durables, Metal and PSU counters were
among the major losers. The advance decline ratio was
strongly in favor of declining counters (A=786 D=1966).
(Source - www.bseindia.com )
Formation
• No specific formation is seen on the chart.
Trading strategy:
Markets traded with immense volatility as indices recovered
substantially after falling nearly 2 percent during the first
Source: Falcon
half of the session. Looking at the global clues, it can be
seen that today our markets may open with a positive bias.
Going forward, yesterday’s high of 16210 / 4880 may act
as resistance in coming session. A sustainable move beyond
this level can take indices towards the next resistance levels
of 16368 - 16490 / 4930 - 4960 in coming sessions. On
the downside, 15765 / 4720 level continues to be a crucial
support level. If indices breach this level, then they are likely
to drift towards 15650 - 15330 / 4675 - 4540.
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Technical Research | September 27, 2011
Daily Pivot Levels For Nifty 50 Stocks
SCRIPS
S2
S1
PIVOT
R1
R2
SENSEX
15,612
15,832
16,020
16,240
16,429
NIFTY
4,704
4,770
4,825
4,891
4,946
ACC
1,048
1,064
1,077
1,093
1,105
AMBUJACEM
138
143
146
150
154
AXISBANK
1,013
1,035
1,060
1,081
1,106
BAJAJ-AUTO
1,449
1,479
1,515
1,545
1,581
BHARTIARTL
361
371
378
388
395
BHEL
1,558
1,572
1,590
1,604
1,621
BPCL
642
650
656
664
670
CAIRN
252
261
269
277
285
CIPLA
277
282
285
290
293
DLF
186
194
200
207
213
DRREDDY
1,459
1,472
1,485
1,498
1,511
GAIL
396
403
414
420
431
HCLTECH
376
381
385
390
395
HDFC
612
617
623
628
634
HDFCBANK
431
440
449
459
467
HEROMOTOCO
1,901
1,939
1,992
2,030
2,083
HINDALCO
120
124
129
133
137
HINDUNILVR
321
325
328
332
336
ICICIBANK
814
836
855
877
897
IDFC
106
108
109
111
112
INFY
2,276
2,316
2,340
2,380
2,404
ITC
181
185
189
193
197
JINDALSTEL
490
501
514
524
538
JPASSOCIAT
63
66
68
71
73
KOTAKBANK
437
448
454
465
472
LT
1,384
1,405
1,431
1,452
1,478
M&M
749
760
770
781
792
MARUTI
1,040
1,058
1,084
1,102
1,127
NTPC
160
162
165
167
170
ONGC
250
252
256
258
261
PNB
915
944
965
994
1,014
POWERGRID
94
94
95
96
97
RANBAXY
458
470
479
491
500
RCOM
74
76
78
80
82
RELCAPITAL
371
380
393
402
414
RELIANCE
736
748
759
771
782
RELINFRA
405
414
423
432
442
RPOWER
77
78
80
82
83
SAIL
100
102
104
106
108
SBIN
1,899
1,925
1,948
1,974
1,997
SESAGOA
190
195
200
205
210
SIEMENS
821
833
846
858
871
STER
111
114
118
122
126
SUNPHARMA
446
456
466
476
485
SUZLON
35
36
38
39
40
TATAMOTORS
140
143
146
149
152
TATAPOWER
88
92
97
101
106
TATASTEEL
412
424
432
443
451
TCS
952
975
991
1,014
1,030
WIPRO
332
336
341
345
351
Technical Research Team
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T
Technical Report
RESEARCH TEAM
Shardul Kulkarni
Head - Technicals
Sameet Chavan
Technical Analyst
Sacchitanand Uttekar
Technical Analyst
Mehul Kothari
Technical Analyst
Ankur Lakhotia
Technical Analyst
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