Daily Technical Report
August 14, 2015
Sensex (27550) / Nifty (8356)
Exhibit 1: Nifty Daily Chart
Yesterday, our benchmark index opened half a percent higher
mainly on the back of strong global cues. Subsequently, the
index managed to extend this lead in the initial trades; but, a
strong selling at higher levels dragged the index lower to
close marginally in the positive territory. Some of the sectors
like, the Banking, Healthcare and Auto traded with a positive
bias; whereas, the FMCG, Metal, Realty and Consumer
Durables counters corrected sharply throughout the session.
The advance to decline ratio was strongly in favor of the
declining
counters.
(A=1011
D=1837)
(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:
View
Neutral
Yesterday's gap up opening was mainly influenced by the
Resistance Levels
8400 - 8440
positive cues from the global bourses. The index made couple
Support Levels
8315 - 8200
of valiant efforts to trim some of the previous day's losses. But,
on both occasions, the mentioned resistance zone of 8400 -
8440 acted as a strong hurdle for the bulls and thus, intraday
up moves were completely sold into. As a result, the Nifty
somehow managed to close tad above the 8350 mark with
negligible gains. Going forward, we maintain our view that the
recent swing low of 8315 is 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 remains
to be an immediate resistance zone.
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Daily Technical Report
August 14, 2015
Bank Nifty Outlook - (18175)
Exhibit 2: Bank Nifty Daily Chart
Yesterday, the Bank Nifty opened with marginal gains in line
with the benchmark indices and started gaining from the
initial trades. We witnessed a responsive selling in the
banking counters on every bounce. But, the banking index
traded in the positive territory throughout the session and
ended with gains of 0.64 percent over its previous close.
Since, a fall in the first half of the week was so harsh,
yesterdays’ up move should be considered as a minor pull
back only. Going forward, the Bank Nifty has a support at
18000 and a sustainable move below this level may drag the
index towards 17750 level. On the flipside, the immediate
resistance is placed at 18360 - 18480 levels.
Actionable points:
View
Neutral
Resistance Levels
18360 - 18480
Support Levels
18000 - 17750
Source: Falcon
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Daily Technical Report
August 14, 2015
Daily Pivot Levels for Nifty 50 Stocks
SCRIPS
S2
S1
PIVOT
R1
R2
SENSEX
27,317
27,434
27,612
27,728
27,907
NIFTY
8,285
8,321
8,375
8,410
8,465
BANKNIFTY
17,926
18,051
18,205
18,330
18,484
ACC
1,342
1,353
1,366
1,377
1,390
AMBUJACEM
197
209
218
230
238
ASIANPAINT
850
862
875
887
899
AXISBANK
555
561
566
573
578
BAJAJ-AUTO
2,385
2,436
2,473
2,524
2,561
BANKBARODA
171
174
178
181
186
BHARTIARTL
355
370
392
407
430
BHEL
246
253
258
265
270
BOSCHLTD
24,064
24,502
25,187
25,625
26,311
BPCL
843
864
879
900
915
CAIRN
150
152
155
157
160
CIPLA
703
714
722
734
742
COALINDIA
360
368
374
382
388
DRREDDY
4,215
4,253
4,286
4,324
4,356
GAIL
324
328
334
338
343
GRASIM
3,511
3,558
3,621
3,669
3,732
HCLTECH
937
951
970
984
1,003
HDFC
1,237
1,247
1,260
1,270
1,283
HDFCBANK
1,060
1,069
1,076
1,085
1,092
HEROMOTOCO
2,585
2,616
2,650
2,681
2,715
HINDALCO
85
88
93
96
101
HINDUNILVR
836
851
865
880
894
ICICIBANK
286
289
294
297
302
IDEA
149
153
160
163
170
INDUSINDBK
899
912
923
936
947
INFY
1,016
1,087
1,127
1,198
1,238
ITC
296
306
313
323
330
KOTAKBANK
678
684
690
696
702
LT
1,721
1,741
1,767
1,787
1,813
LUPIN
1,692
1,725
1,749
1,782
1,807
M&M
1,283
1,311
1,330
1,358
1,377
MARUTI
4,389
4,441
4,482
4,534
4,574
NMDC
93
95
98
99
102
NTPC
125
127
128
129
130
ONGC
261
266
270
274
278
PNB
148
150
154
156
160
POWERGRID
122
130
134
142
147
RELIANCE
914
924
939
948
963
SBIN
255
257
260
262
265
VEDL
89
96
106
114
124
SUNPHARMA
821
850
869
898
917
TATAMOTORS
340
345
353
358
366
TATAPOWER
66
67
69
71
73
TATASTEEL
218
226
240
248
262
TCS
2,497
2,566
2,625
2,694
2,753
TECHM
530
541
554
565
578
ULTRACEMCO
2,993
3,031
3,069
3,108
3,146
WIPRO
558
565
572
579
586
YESBANK
740
751
768
779
796
ZEEL
392
396
404
408
416
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Daily Technical Report
August 14, 2015
Research Team Tel: 022 - 30940000
E-mail: [email protected]
Website: www.angelbroking.com
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Technical Analyst
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