Daily Technical Report
August 05, 2015
Sensex (28072) / Nifty (8517)
Exhibit 1: Nifty Daily Chart
Yesterday's session opened quietly owing to mixed cues
from the global bourses. The index remained muted until
the midpoint of the day. However, we witnessed a
higher volatility during the second half and as a result,
the index managed to close with a cut of nearly 0.30
percent. (On the sectoral front, the Consumer Durables,
Banking and Auto were the major gainers; whereas, the
Metal, Oil & Gas and IT counters traded with a negative
bias throughout the session. The advance to decline
ratio was strongly in favor of the advancing counters.
(A=1805 D=1117) (Source-www.bseindia.com)
Formations
The ’89-day EMA’ and the
’89-week EMA’ are
placed at 27771 / 8402 and 25768 / 7761 levels,
respectively.
The ’20-day EMA’ and the
‘20-week EMA’ are
Source: Falcon
placed at 27896 / 8456 and 27793 / 8418 levels,
respectively.
Actionable points:
Trading strategy:
Yesterday, our benchmark index traded with enhanced
View
Neutral
volatility post the RBI Monetary policy. The index first
corrected sharply from the day's high and then
Resistance Levels
8630 - 8650
managed to recover smartly towards the fag end of the
Support Levels
8480 - 8450
session. As a result, the Nifty trimmed major portion of
losses to close above the 8500 mark. Going forward, we
continue to mention that the current optimism is likely to
remain in the market so long as we trade above the
8480 mark on a closing basis. On the higher side, 8630 -
8650 are seen as next resistance levels for the index.
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Daily Technical Report
August 05, 2015
Exhibit 2: Bank Nifty Daily Chart
Bank Nifty Outlook - (18973)
Yesterday, the Bank Nifty opened with marginal gains
and remained volatile throughout the session. Despite
the RBI’s move to keep the Repo rate and CRR
unchanged, the banking index managed to close with
marginal gains of 0.31 percent. Yesterday, the Bank
Nifty faced a resistance around the 19050 mark and
then went on to form a ‘Doji’ candle on the daily
chart. Going forward, we reiterate that the Bank Nifty
has a strong resistance at 19050 and a sustainable
move above this level is quite necessary for the further
upmobe towards
19275. On the downside, the
immediate support is placed at 18750 levels.
Actionable points:
View
Neutral
Resistance Levels
19050 - 19250
Source: Falcon
Support Level
18750
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Daily Technical Report
August 05, 2015
Daily Pivot Levels for Nifty 50 Stocks
SCRIPS
S2
S1
PIVOT
R1
R2
SENSEX
27,669
27,870
28,068
28,269
28,466
NIFTY
8,393
8,455
8,510
8,572
8,627
BANKNIFTY
18,625
18,799
18,933
19,107
19,241
ACC
1,345
1,361
1,382
1,399
1,420
AMBUJACEM
223
226
229
232
234
ASIANPAINT
867
886
898
917
928
AXISBANK
566
573
579
586
592
BAJAJ-AUTO
2,457
2,484
2,505
2,532
2,552
BANKBARODA
177
184
189
195
200
BHARTIARTL
399
406
416
423
433
BHEL
275
278
282
285
289
BOSCHLTD
24,361
25,163
25,630
26,432
26,899
BPCL
906
920
928
942
951
CAIRN
161
163
167
170
174
CIPLA
695
703
710
717
725
COALINDIA
426
435
440
448
453
DRREDDY
4,075
4,119
4,157
4,200
4,238
GAIL
337
341
347
352
358
GRASIM
3,683
3,724
3,756
3,797
3,829
HCLTECH
918
925
938
945
958
HDFC
1,280
1,291
1,311
1,322
1,342
HDFCBANK
1,070
1,078
1,090
1,098
1,110
HEROMOTOCO
2,497
2,560
2,677
2,741
2,857
HINDALCO
104
107
108
111
113
HINDUNILVR
893
901
908
915
922
ICICIBANK
304
309
312
317
320
IDEA
158
161
166
170
175
INDUSINDBK
922
937
955
970
988
INFY
1,034
1,046
1,062
1,074
1,090
ITC
322
326
329
333
336
KOTAKBANK
671
681
690
700
709
LT
1,740
1,758
1,776
1,793
1,812
LUPIN
1,609
1,625
1,650
1,666
1,691
M&M
1,324
1,344
1,357
1,377
1,390
MARUTI
4,392
4,416
4,435
4,458
4,477
NMDC
100
101
102
103
103
NTPC
133
134
135
136
137
ONGC
259
263
268
272
277
PNB
150
155
158
162
165
POWERGRID
139
140
141
142
144
RELIANCE
966
977
991
1,002
1,017
SBIN
271
280
285
294
299
VEDL
122
125
127
129
131
SUNPHARMA
814
822
828
837
843
TATAMOTORS
373
377
382
386
391
TATAPOWER
68
69
70
71
71
TATASTEEL
240
248
254
262
268
TCS
2,469
2,489
2,506
2,526
2,543
TECHM
514
528
538
553
563
ULTRACEMCO
3,062
3,103
3,147
3,188
3,232
WIPRO
549
555
563
568
576
YESBANK
818
830
837
848
855
ZEEL
396
400
403
406
409
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Daily Technical Report
August 05, 2015
Research Team Tel: 022 - 30940000
E-mail: [email protected]
Website:
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Research Team
Sameet Chavan
-
Technical Analyst
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