Technical Research | May 26, 2011
Daily Technical Report
Sensex (17847) / NIFTY (5349)
Markets opened lower and selling gradually intensified as the
Exhibit 1: Sensex Daily chart
day progressed which led the indices to close in red. On the
sectoral front, Consumer Goods, IT and Realty contributed to
the fall. The advance decline ratio was in favour of declining
counters (A=1110 D=1665). (Source - Iris software)
Formation
„ On the Daily, Indices have tested the important support
level of 5348.
Source: Falcon
Trading strategy:
On the daily chart, we are observing that Indices have tested
the important support levels of 17792/5448 and have closed
marginally above it. A bounce up to 17990 - 18110 / 5380 -
5420 levels in coming trading session cannot be ruled out as
the hourly are in an oversold zone. However, any breach of
the above support level would lead Indices to test sub 17750 /
5300 levels.
Stock Recommendations:
Exhibit 2: Gitanjali Gems Daily Chart
Stock - Gitanjali Gems
Action - Buy
Range
:
`270.00 - 267.00
Stop Loss
:
`262.00
Target
:
`285.00
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 | May 26, 2011
Daily Pivot Levels For Nifty 50 Stocks
SCRIPS
S2
S1
PIVOT
R1
R2
SENSEX
17,680.00
17,763.00
17,870.00
17,954.00
18,060.00
NIFTY
5,295.00
5,322.00
5,356.00
5,382.00
5,416.00
ABB
842.00
851.00
860.00
869.00
877.00
ACC
978.00
989.00
996.00
1,007.00
1,014.00
AMBUJACEM
131.00
134.00
136.00
139.00
141.00
AXISBANK
1,158.00
1,170.00
1,187.00
1,199.00
1,216.00
BHARTIARTL
360.00
365.00
369.00
374.00
378.00
BHEL
1,867.00
1,892.00
1,928.00
1,953.00
1,990.00
BPCL
588.00
596.00
608.00
616.00
628.00
CAIRN
327.00
333.00
339.00
344.00
350.00
CIPLA
308.00
310.00
313.00
315.00
318.00
DLF
204.00
207.00
211.00
214.00
218.00
GAIL
422.00
426.00
429.00
433.00
437.00
HCLTECH
477.00
484.00
489.00
496.00
501.00
HDFC
632.00
638.00
647.00
653.00
663.00
HDFCBANK
2,234.00
2,244.00
2,256.00
2,266.00
2,277.00
HEROHONDA
1,754.00
1,780.00
1,803.00
1,829.00
1,851.00
HINDALCO
177.00
180.00
185.00
188.00
192.00
HINDUNILVR
290.00
295.00
301.00
306.00
313.00
ICICIBANK
993.00
1,001.00
1,011.00
1,019.00
1,029.00
IDEA
63.00
64.00
65.00
66.00
66.00
IDFC
127.00
128.00
130.00
131.00
133.00
INFOSYSTCH
2,720.00
2,754.00
2,791.00
2,825.00
2,862.00
ITC
184.00
186.00
188.00
191.00
192.00
JINDALSTEL
614.00
625.00
636.00
646.00
657.00
JPASSOCIAT
78.00
78.00
79.00
80.00
81.00
KOTAKBANK
405.00
413.00
419.00
427.00
432.00
LT
1,550.00
1,577.00
1,610.00
1,637.00
1,670.00
M&M
670.00
676.00
684.00
689.00
697.00
MARUTI
1,184.00
1,192.00
1,201.00
1,209.00
1,217.00
NTPC
164.00
166.00
167.00
168.00
169.00
ONGC
258.00
260.00
263.00
265.00
268.00
PNB
1,038.00
1,045.00
1,051.00
1,058.00
1,065.00
POWERGRID
95.00
96.00
98.00
99.00
101.00
RANBAXY
487.00
493.00
497.00
503.00
507.00
RCOM
79.00
80.00
81.00
82.00
84.00
RELCAPITAL
474.00
480.00
487.00
492.00
499.00
RELIANCE
894.00
900.00
907.00
913.00
920.00
RELINFRA
518.00
524.00
533.00
539.00
548.00
RPOWER
108.00
109.00
110.00
111.00
112.00
SAIL
137.00
138.00
140.00
141.00
143.00
SBIN
2,126.00
2,152.00
2,191.00
2,217.00
2,256.00
SIEMENS
844.00
852.00
863.00
871.00
882.00
STER
157.00
160.00
162.00
165.00
167.00
SUNPHARMA
426.00
432.00
437.00
443.00
449.00
SUZLON
48.00
49.00
50.00
51.00
52.00
TATAMOTORS
1,110.00
1,122.00
1,132.00
1,144.00
1,154.00
TATAPOWER
1,159.00
1,173.00
1,195.00
1,209.00
1,231.00
TATASTEEL
551.00
556.00
563.00
568.00
575.00
TCS
1,103.00
1,116.00
1,133.00
1,146.00
1,163.00
UNITECH
30.00
31.00
32.00
32.00
33.00
WIPRO
425.00
430.00
436.00
442.00
448.00
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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