DailyTech Report 10.07.12

7/31/2019 DailyTech Report 10.07.12

http://slidepdf.com/reader/full/dailytech-report-100712 1/4



Daily Technical Report

July 10, 2012

www.angelbroking.com 2

Bank N ifty Outlook - (10588)

Yesterday, Bank Nifty opened on a pessimistic note

and traded in a narrow range throughout the day toclose near the initial opening level. For yet another

session we witnessed a lackluster activity which led the

index to form a “Doji” candlestick pattern. We had

mentioned in our previous report that momentum

oscillators on daily chart are placed in “over bought”

conditions and a consolidation or minor pullback

cannot be ruled out. We are now witnessing a

“negative crossover” in stochastic momentum

oscillator on the daily chart. Thus, if the index sustains

below yesterday’s low of 10524, it is likely to drift

towards 10440 – 10285 levels. On the upside 10636

– 10690 levels are likely to act as resistance in

coming trading session. Positional traders holding

long positions should maintain stop loss of 10050

(Closing Basis) on Bank Nifty spot.

Actionable points:

View Neutral

Resistance Levels 106 36 – 10690

Support Levels 10524 - 10440

Exhibit 2: Bank Ni fty Daily Chart

Source: Falcon



www.angelbroking.com 3


July 10, 2012

Dai ly Pivot Levels for N ifty 50 Stocks

SCRIPS S2 S1 PIVOT R1 R2

SENSEX 17,265 17,328 17,407 17,471 17,549

NIFTY 5,235 5,255 5,278 5,298 5,321

BANKNIFTY 10,472 10,530 10,583 10,641 10,694

ACC 1,251 1,266 1,279 1,294 1,307

AMBUJACEM 164 166 169 171 174

ASIANPAINT 3,635 3,659 3,684 3,708 3,733

AXISBANK 1,017 1,026 1,034 1,044 1,052

BAJAJ-AUTO 1,467 1,486 1,510 1,530 1,554

BANKBARODA 698 704 714 720 730

BHARTIARTL 310 313 317 320 324

BHEL 230 232 234 236 238

BPCL 754 758 764 768 774

CAIRN 303 306 311 314 319

CIPLA 318 320 324 327 331

COALINDIA 344 347 350 353 356

DLF 207 211 213 216 218DRREDDY 1,609 1,624 1,636 1,651 1,663

GAIL 341 346 354 359 367

GRASIM 2,559 2,597 2,634 2,672 2,709

HCLTECH 478 483 487 491 495

HDFC 663 670 677 684 691

HDFCBANK 564 571 576 584 589

HEROMOTOCO 1,983 2,005 2,044 2,066 2,104

HINDALCO 119 121 124 126 129

HINDUNILVR 441 442 445 446 449

ICICIBANK 914 922 932 941 951

IDFC 137 139 140 142 144

INFY 2,369 2,404 2,436 2,471 2,503

ITC 248 250 252 254 257

JINDALSTEL 430 436 446 452 462

JPASSOCIAT 73 74 75 76 78

KOTAKBANK 587 592 596 601 605

LT 1,369 1,379 1,390 1,400 1,412

M&M 721 725 731 736 742

MARUTI 1,166 1,177 1,195 1,206 1,224

NTPC 156 158 159 161 162

ONGC 274 276 278 280 282

PNB 824 830 835 842 847

POWERGRID 112 112 113 113 114RANBAXY 477 484 495 502 514

RELIANCE 723 727 731 735 738

RELINFRA 540 545 553 559 566

SAIL 91 92 93 94 95

SBIN 2,181 2,195 2,207 2,221 2,233

SESAGOA 192 194 196 198 200

SIEMENS 708 715 724 731 740

STER 104 105 106 107 108

SUNPHARMA 616 621 628 632 639

TATAMOTORS 236 238 241 243 246

TATAPOWER 99 100 102 103 105

TATASTEEL 429 434 439 443 449

TCS 1,235 1,247 1,256 1,268 1,277

WIPRO 380 383 387 390 395



www angelbroking com 4


July 10, 2012

Research Team Tel: 022 - 39357800 E-mail: [email protected] Website: www.angelbroking.com

DISCLAIMER

This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment

decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should make

such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companiesreferred to in this document (including the merits and risks involved), and should consult their own advisors to determine the merits and

risks of such an investment.

Angel Broking Limited, its affiliates, directors, its proprietary trading and investment businesses may, from time to time, make

investment decisions that are inconsistent with or contradictory to the recommendations expressed herein. The views contained in this

document are those of the analyst, and the company may or may not subscribe to all the views expressed within.

Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and

trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's

fundamentals.

The information in this document has been printed on the basis of publicly available information, internal data and other reliable

sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this

document is for general guidance only. Angel Broking Limited or any of its affiliates/ group companies shall not be in any way

responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report .

Angel Broking Limited has not independently verified all the information contained within this document. Accordingly, we cannot testify,

nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While

Angel Broking Limited endeavours to update on a reasonable basis the information discussed in this material, there may be regulatory,

compliance, or other reasons that prevent us from doing so.

This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced,

redistributed or passed on, directly or indirectly.

Angel Broking Limited and its affiliates may seek to provide or have engaged in providing corporate finance, investment banking or

other advisory services in a merger or specific transaction to the companies referred to in this report, as on the date of this report or in

the past.

Neither Angel Broking Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or in

connection with the use of this information.

Note: Please refer to the important ` Stock Holding Disclosure' report on the Angel website (Research Section). Also, please refer to the

latest update on respective stocks for the disclosure status in respect of those stocks. Angel Broking Limited and its affiliates may have

investment positions in the stocks recommended in this report.

Research Team

Shardul Kulkarni - Head – Technicals Sameet Chavan - Technical Analyst

Sacchitanand Uttekar - Technical Analyst

Mehul Kothari - Technical Analyst

Ankur Lakhotia - Technical Analyst

For any Queries, Suggestions and Feedback kindly mail to [email protected]

Angel Broking Pvt. Ltd.

Registered Office: G-1, Ackruti Trade Centre, Rd. No. 7, MIDC, Andheri (E), Mumbai - 400 093.

Corporate Office: 6th Floor, Ackruti Star, MIDC, Andheri (E), Mumbai - 400 093. Tel: (022) 3952 6600

Sebi Registration No: INB 010996539

Documents

DailyTech Report 10.07.12