Technical Research | | | | | July 25, 2011 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/INF 010994639 NSE: INB230994635/INF230994 635 Membership numbers: BSE 028/NSE:09946 1 Daily Technical Report Sensex (18722) / NIFTY (5634) Markets opened higher and traded with positive bias throughout the day to close near the day's high. On the sector front, Banking,Teck and Auto were among the major gainers, whereas Consumer Durables ended with marginal losses. The advance decline ratio was in favor of advancing counters (A=1715 D=1188). (Source - www.bs eindia.com) Formation On the Daily Daily Daily Daily Daily chart, we are witne ssing a chart pattern which resembles a "Bullish T riangle" joining two significant highs of 19132 & 18766 / 5740 & 5645 and two sign ificant low s of 18326 & 18415 / 5496 & 5532. Trading strategy: We are observing a "Bullish Triangular" pattern in Daily chart. A breakout of said pattern will be confirmed only if prices move above 18766 / 5645 level. If indices manage to give a break out of this pattern then a positive momentum is likely to be witnessed in coming week. In such scenario, we expect markets Source: Falcon Exhibit 1: Sensex Daily Chart to test an intermediate resistance level of 19132 / 5740. Also, due to RBI monetary policy and Derivatives expiry, there is a possibility of high volatility in coming trading sessions. We reiterate our view that a weekly closing above 19132 / 5740 level would indicate a clear direction of the trend. Any move beyond these levels, indices may test 19540 - 19700 / 5850 - 5900 levels. On the downside, 18415 - 18326 / 5532 - 5496 levels may act as strong support zone for the markets. Stock Recommendations: Stock - Ambuja Cement (NSE Cash) Ambuja Cement (NSE Cash) Ambuja Cement (NSE Cash) Ambuja Cement (NSE Cash) Ambuja Cement (NSE Cash) Action - Buy Buy Buy Buy Buy Range : ` 131-125 Stop Loss : ` 119.95 Target : ` 147 Ti me Frame : 3 - 4 Wee ks Source: Falcon Exhibit 2: Ambuja Cement (NSE Cash) - Daily Chart
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8/6/2019 Technical Report 25th July 2011
http://slidepdf.com/reader/full/technical-report-25th-july-2011 1/3
Technical Research ||||| July 25, 2011
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 1
Daily Technical Report
Sensex (18722) / NIFTY (5634)
Markets opened higher and traded with positive bias throughout
the day to close near the day's high. On the sector front,
Banking,Teck and Auto were among the major gainers,
whereas Consumer Durables ended with marginal losses. The
advance decline ratio was in favor of advancing counters
(A=1715 D=1188). (Source - www.bseindia.com)
Formation
On the Daily Daily Daily Daily Daily chart, we are witnessing a chart pattern which
resembles a "Bullish Triangle" joining two significant highs of
19132 & 18766 / 5740 & 5645 and two significant lows of
18326 & 18415 / 5496 & 5532.
Trading strategy:
We are observing a "Bullish Triangular" pattern in Daily chart.
A breakout of said pattern will be confirmed only if prices move
above 18766 / 5645 level. If indices manage to give a break
out of this pattern then a positive momentum is likely to be
witnessed in coming week. In such scenario, we expect markets
Source: Falcon
Exhibit 1: Sensex Daily Chart
to test an intermediate resistance level of 19132 / 5740. Also,
due to RBI monetary policy and Derivatives expiry, there is a
possibility of high volatility in coming trading sessions. We
reiterate our view that a weekly closing above 19132 / 5740
level would indicate a clear direction of the trend. Any
move beyond these levels, indices may test 19540 - 19700 /
5850 - 5900 levels. On the downside, 18415 - 18326 /
5532 - 5496 levels may act as strong support zone for the
markets.
Stock Recommendations:
Stock - Ambuja Cement (NSE Cash) Ambuja Cement (NSE Cash) Ambuja Cement (NSE Cash) Ambuja Cement (NSE Cash) Ambuja Cement (NSE Cash)
Action - Buy Buy Buy Buy Buy
Range : ` 131-125
Stop Loss : ` 119.95
Target : ` 147
Time Frame : 3 - 4 Weeks Source: Falcon
Exhibit 2: Ambuja Cement (NSE Cash) - Daily Chart
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Technical Research ||||| July 25, 2011
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 2
Technical Research Team
SENSEX
NIFTY
ABB
ACC
AMBUJACEM
AXISBANK
BHARTIARTL
BHEL
BPCL
CAIRN
CIPLA
DLF
GAILHCLTECH
HDFC
HDFCBANK
HEROHONDA
HINDALCO
HINDUNILVR
ICICIBANK
IDEA
IDFC
INFY
ITC
JINDALSTEL
JPASSOCIAT
KOTAKBANK
LT
M&M
MARUTI
NTPC
ONGC
PNB
POWERGRID
RANBAXY
RCOM
RELCAPITAL
RELIANCE
RELINFRA
RPOWER
SAIL
SBIN
SIEMENS
STER
SUNPHARMA
SUZLON
TATAMOTORS
TATAPOWER
TATASTEEL
TCS
UNITECH
WIPRO
SCRIPS S2S2S2S2S2 S1S1S1S1S1 PIV PIV PIV PIV PIV OOOOOTTTTT R1R1R1R1R1 R2R2R2R2R2
Daily Pivot Levels For Nifty 50 Stocks
18,454 18,588 18,668 18,802 18,881
5,540 5,587 5,614 5,661 5,688
864 873 885 895 907
966 980 989 1,003 1,012
124 127 129 131 133
1,212 1,255 1,283 1,326 1,354
390 401 407 417 423
1,920 1,948 1,965 1,992 2,009
648 658 665 675 682
316 321 324 329 333
313 317 320 324 327
234 238 241 244 248
455 461 464 470 473499 502 505 508 510
695 701 707 713 719
494 498 502 506 511
1,776 1,798 1,811 1,833 1,845
173 175 177 179 182
329 332 334 337 340
1,038 1,053 1,062 1,077 1,085
78 82 84 88 90
136 139 140 143 145
2,740 2,784 2,814 2,858 2,888
205 206 208 209 210
620 624 629 633 639
74 75 75 76 76
471 478 484 491 497
1,785 1,806 1,818 1,839 1,851
698 711 719 732 739
1,149 1,155 1,162 1,168 1,175
180 182 184 186 189
275 277 280 282 284
1,128 1,149 1,162 1,183 1,196
106 108 109 111 112
528 535 541 548 553
88 91 93 95 97
584 591 595 603 607
856 865 871 879 885
570 575 579 584 587
113 114 114 115 116
128 130 131 133 134
2,442 2,470 2,488 2,517 2,535
920 926 932 939 945
166 168 168 170 171
502 507 512 517 521
52 52 53 54 54
970 983 994 1,008 1,019
1,271 1,286 1,305 1,321 1,340
571 578 582 589 593
1,119 1,126 1,134 1,141 1,149
34 35 36 36 37
400 403 405 408 410
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