Daily Technical Report
August 13, 2015
Sensex (27512) / Nifty (8349)
Exhibit 1: Nifty Daily Chart
Yesterday, our markets opened on a weak note owing to
extremely negative cues from the other global bourses. After
some consolidation, the Nifty once again tumbled throughout
the second half of the day to end the session with one and
half a percent cut. The ‘IT’ was the only sector which was
bucking the broader market trend. On the other hand, the
Banking, Oil & Gas, Auto and Metal sectors ended with a
sharp cut. The advance to decline ratio was strongly in favor of
the declining counters. (A=665 D=2176) (Source-
www.bseindia.com)
Formations
The ’89-day EMA’ and the ’89-week EMA’ are placed
at 27824 / 8419 and 25832 / 7779 levels, respectively.
Source: Falcon
The ’20-day EMA’ and the ‘20-week EMA’ are placed
at 28032 / 8497 and 27831 / 8432 levels, respectively.
Actionable points:
Trading strategy:
Once again, a global uncertainty spooked our market
View
Neutral
participants as we witnessed a massive erosion of more than
Resistance Levels
8400 - 8440
200 points on Nifty in last couple of sessions. In addition, the
Support Levels
8200 - 8150
Indian Rupee (INR) hit a new two year low which certainly
rubbed the salt on wound. Due to yesterday's fall, the Nifty
has now given a close well below the 8400 mark. This certainly
does not bode well for the bulls. Going forward, recent swing
low of 8315 is now in jeopardy. A sustainable move below this
support would augment the pessimism in the market. In this
scenario, a further correction towards 8200 - 8150 cannot be
ruled out. On the flipside, 8400 - 8440 would now be seen as
an immediate resistance levels.
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Daily Technical Report
August 13, 2015
Bank Nifty Outlook - (18060)
Exhibit 2: Bank Nifty Daily Chart
Yesterday, the Bank Nifty extended the previous session’s
fall by opening below the low of Tuesday’s session. The
index traded in the negative territory throughout the
session and eventually closed with a deep cut of
2.99
percent over previous day’s close. In the process, the
banking index breached its previous swing low of 18174.20
and formed a ‘Lower Top Lower Bottom’ sequence in the
daily chart which is a trend reversal signal in the shorter
degree as per the Dow Theory. Going forward, we may see
continuation in the current corrective move towards the
next support of 17800 and 17700 levels. On the flipside,
18200 - 18380 levels will now act as a crucial resistance
zone.
Actionable points:
View
Neutral
Resistance Levels
18200 - 18380
Source: Falcon
Support Levels
17800 - 17700
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Daily Technical Report
August 13, 2015
Daily Pivot Levels for Nifty 50 Stocks
SCRIPS
S2
S1
PIVOT
R1
R2
SENSEX
27,221
27,367
27,625
27,771
28,029
NIFTY
8,269
8,309
8,378
8,418
8,487
BANKNIFTY
17,723
17,891
18,203
18,372
18,684
ACC
1,348
1,357
1,365
1,374
1,383
AMBUJACEM
217
220
222
226
228
ASIANPAINT
849
860
878
889
906
AXISBANK
547
553
561
566
575
BAJAJ-AUTO
2,391
2,427
2,487
2,522
2,582
BANKBARODA
171
173
178
181
185
BHARTIARTL
384
391
399
406
413
BHEL
252
256
261
265
270
BOSCHLTD
24,564
25,028
25,784
26,248
27,004
BPCL
822
846
889
913
955
CAIRN
150
152
157
159
164
CIPLA
682
695
710
722
737
COALINDIA
344
357
376
390
409
DRREDDY
4,173
4,224
4,255
4,306
4,337
GAIL
334
336
339
341
344
GRASIM
3,543
3,602
3,680
3,739
3,817
HCLTECH
929
950
962
983
995
HDFC
1,241
1,252
1,268
1,278
1,295
HDFCBANK
1,050
1,060
1,078
1,088
1,105
HEROMOTOCO
2,576
2,606
2,651
2,681
2,726
HINDALCO
91
93
98
101
105
HINDUNILVR
842
854
872
884
901
ICICIBANK
284
288
294
298
304
IDEA
157
159
161
164
165
INDUSINDBK
877
896
925
943
972
INFY
1,097
1,121
1,135
1,159
1,173
ITC
314
315
318
319
322
KOTAKBANK
669
678
691
699
713
LT
1,728
1,745
1,769
1,786
1,810
LUPIN
1,661
1,692
1,713
1,744
1,766
M&M
1,267
1,283
1,311
1,328
1,356
MARUTI
4,363
4,405
4,458
4,501
4,554
NMDC
96
98
100
102
104
NTPC
125
127
128
130
132
ONGC
262
266
269
273
276
PNB
148
150
154
157
161
POWERGRID
134
135
137
137
139
RELIANCE
924
934
950
959
975
SBIN
247
252
260
264
272
VEDL
106
110
117
121
128
SUNPHARMA
828
847
866
885
904
TATAMOTORS
346
351
358
363
371
TATAPOWER
67
67
68
68
69
TATASTEEL
239
244
251
256
263
TCS
2,566
2,619
2,655
2,708
2,744
TECHM
528
543
551
566
574
ULTRACEMCO
2,997
3,030
3,089
3,122
3,181
WIPRO
555
566
574
585
593
YESBANK
749
759
777
788
806
ZEEL
388
395
407
414
426
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Daily Technical Report
August 13, 2015
Research Team Tel: 022 - 30940000
E-mail: [email protected]
Website: www.angelbroking.com
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Technical Analyst
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