Technical Research | June 9, 2011
Daily Technical Report
Sensex (18394) / Nifty (5527)
Markets opened down with a gap, traded in a narrow range
- 18823 / 5605 - 5650 levels. Any daily close above 18673 /
with choppiness to close in red. On the sector front, Health
5605 would confirm a higher top higher bottom on the daily
Care, Bankex and Auto were among the loser whereas FMCG
chart and we may witness an accelerated move. On the
and Consumer Durable closed with minor gains. The advance
downside 18227 -18124 / 5462 - 5430 may act as a support
decline ratio was in favour of declining counters (A=1391
for the day.
D=1465). (Source - Iris software)
Exhibit 1: Sensex Daily Chart
Formation
„ On the Daily chart, we are observing an "Inside day"
formation which clearly reflects indecisiveness prevailing at
current levels.
Trading strategy:
In view of the current price action and the above pattern
formation we maintain our previous day view that if indices
trade above 18546 / 5570 levels then it is likely to test 18673
Source: Falcon
Exhibit 2: Tata Coffee - Daily Chart
Stock Recommendations:
Stock - Tata Coffee
Action - Buy
Range
:
` 870 - 863
Stop Loss :
` 845
Target
:
` 920
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 9, 2011
Daily Pivot Levels For Nifty 50 Stocks
SCRIPS
S2
S1
PIVOT
R1
R2
SENSEX
18,283
18,338
18,422
18,478
18,561
NIFTY
5,491
5,509
5,533
5,551
5,574
ABB
838
843
847
852
857
ACC
1,010
1,017
1,028
1,035
1,046
AMBUJACEM
137
139
141
143
145
AXISBANK
1,208
1,219
1,227
1,237
1,246
BHARTIARTL
368
373
376
381
384
BHEL
1,884
1,899
1,919
1,933
1,953
BPCL
605
615
620
630
635
CAIRN
331
334
336
340
342
CIPLA
326
331
334
338
342
DLF
229
232
235
238
241
GAIL
432
438
441
447
450
HCLTECH
507
509
511
513
515
HDFC
649
654
662
666
674
HDFCBANK
2,335
2,345
2,358
2,369
2,382
HEROHONDA
1,714
1,739
1,784
1,809
1,854
HINDALCO
179
181
185
187
191
HINDUNILVR
301
307
312
318
322
ICICIBANK
1,028
1,039
1,050
1,061
1,073
IDEA
69
69
70
71
72
IDFC
134
135
137
138
139
INFOSYSTCH
2,852
2,862
2,877
2,887
2,902
ITC
191
193
195
197
198
JINDALSTEL
622
627
633
637
643
JPASSOCIAT
82
83
84
85
86
KOTAKBANK
437
441
447
451
456
LT
1,681
1,692
1,704
1,715
1,728
M&M
646
655
661
670
676
MARUTI
1,208
1,216
1,226
1,234
1,244
NTPC
172
173
175
177
178
ONGC
266
268
271
273
277
PNB
1,075
1,084
1,094
1,103
1,112
POWERGRID
100
101
101
102
102
RANBAXY
530
534
539
543
548
RCOM
91
93
94
95
97
RELCAPITAL
528
536
541
548
553
RELIANCE
938
943
950
955
962
RELINFRA
546
552
558
563
570
RPOWER
116
117
118
119
121
SAIL
142
143
144
146
147
SBIN
2,264
2,280
2,301
2,317
2,338
SIEMENS
867
873
884
890
900
STER
164
165
167
169
171
SUNPHARMA
467
473
483
488
498
SUZLON
51
52
52
53
53
TATAMOTORS
1,008
1,018
1,031
1,041
1,054
TATAPOWER
1,219
1,230
1,239
1,250
1,258
TATASTEEL
571
574
578
581
585
TCS
1,155
1,168
1,177
1,190
1,198
UNITECH
32
33
34
34
35
WIPRO
435
438
441
444
446
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]
Research Team: 022-3952 6600
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