Technical Research | September 06, 2011

Daily Technical Report

Sensex (16713) / Nifty (5017)
Markets opened with a gap down in line with the global cues and traded with immense volatility to give a close above the initial opening level and again registered a close above the psychological 5000 mark. On the sector front, Oil & Gas, IT, TECk counters were among the major losers whereas CD and Auto sectors ended with gains. The advance decline ratio was in favor of advancing counters (A=1481 D=1330). (Source www.bseindia.com)

Exhibit 1: Sensex Daily Chart

Formation
The 20 EMA on the Daily chart is placed at 16815 / 5048 level.

Trading strategy:
We are observing that indices have taken support at 38.2% Fibonacci retracement of the rise from 15765-16963/ 4720-5113 and have bounced back. However on the upside 20 EMA which is placed at 16815/5048 continues to provide stiff resistance to the indices. If indices cross yesterdays high of 16760/5030 then are likely to test 16815-16963/5048-5113 levels. Whereas, on the downside if indices breach yesterdays low of 16561/4964 then are likely to test 16377/4916 level.
Source: Falcon

For Private Circulation Only |

Technical Research | September 06, 2011

Daily Pivot Levels For Nifty 50 Stocks

SCRIPS SENSEX NIFTY ACC AMBUJACEM AXISBANK BAJAJ-AUTO BHARTIARTL BHEL BPCL CAIRN CIPLA DLF DRREDDY GAIL HCLTECH HDFC HDFCBANK HEROMOTOCO HINDALCO HINDUNILVR ICICIBANK IDFC INFY ITC JINDALSTEL JPASSOCIAT KOTAKBANK LT M&M MARUTI NTPC ONGC PNB POWERGRID RANBAXY RCOM RELCAPITAL RELIANCE RELINFRA RPOWER SAIL SBIN SESAGOA SIEMENS STER SUNPHARMA SUZLON TATAMOTORS TATAPOWER TATASTEEL TCS WIPRO S2 16,480 4,938 984 127 1,032 1,579 397 1,679 652 268 266 198 1,455 409 368 632 458 1,996 146 315 855 106 2,213 199 507 59 434 1,559 747 1,049 161 249 881 95 463 80 384 774 429 82 105 1,941 223 849 128 493 36 733 976 475 985 312 S1 16,597 4,978 993 130 1,073 1,623 401 1,695 658 272 270 203 1,468 413 376 641 464 2,090 150 317 869 108 2,239 201 520 62 440 1,592 758 1,067 162 253 906 96 471 84 407 782 453 84 109 1,974 228 859 130 498 38 743 994 485 1,006 317 PIVOT 16,678 5,004 1,006 134 1,099 1,656 405 1,713 670 277 277 206 1,488 418 386 651 469 2,141 152 319 879 110 2,266 202 530 63 444 1,613 766 1,083 165 259 919 98 476 86 420 790 467 85 111 1,995 231 865 132 503 39 751 1,015 490 1,020 325 R1 16,795 5,044 1,015 137 1,140 1,700 410 1,729 676 280 281 211 1,502 422 395 659 475 2,235 156 322 893 113 2,292 204 544 66 450 1,646 778 1,101 166 262 944 99 483 90 443 798 490 86 115 2,028 236 874 133 509 41 761 1,033 500 1,041 330 R2 16,877 5,070 1,028 141 1,166 1,734 414 1,746 687 285 288 214 1,522 427 405 669 480 2,286 158 324 903 115 2,320 206 554 68 454 1,667 786 1,117 168 268 957 101 488 92 457 806 505 87 118 2,049 239 880 135 514 42 769 1,054 506 1,055 338

Technical Research Team

For Private Circulation Only |

Technical Research | September 06, 2011 Technical Report

RESEARCH TEAM
Shardul Kulkarni Sameet Chavan Sacchitanand Uttekar Mehul Kothari Ankur Lakhotia Head - Technicals Technical Analyst Technical Analyst Technical Analyst Technical Analyst

For any Queries, Suggestions and Feedback kindly mail to mehul.kothari@angelbroking.com Research Team: 022-3935 7600 Website: www.angelbroking.com

DISCLAIMER: This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions. Opinion expressed is our current opinion as of the date appearing on this material only. While we endeavor 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. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. 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 and are for general guidance only. While every effort is made to ensure the accuracy and completeness of information contained, the company takes no guarantee and assumes no liability for any errors or omissions of the information. No one can use the information as the basis for any claim, demand or cause of action. Recipients of this material should rely on their own investigations and take their own professional advice. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred 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. Price and value of the investments referred to in this material may go up or down. Past performance is not a guide for future performance. Certain transactions - futures, options and other derivatives as well as non-investment grade securities - involve substantial risks and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a stock's price movement 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. We do not undertake to advise you as to any change of our views expressed in this document. While we would endeavor to update the information herein on a reasonable basis, Angel Broking, its subsidiaries and associated companies, their directors and employees are under no obligation to update or keep the information current. Also there may be regulatory, compliance, or other reasons that may prevent Angel Broking and affiliates from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Angel Broking Limited and affiliates, including the analyst who has issued this report, may, on the date of this report, and from time to time, have long or short positions in, and buy or sell the securities of the companies mentioned herein or engage in any other transaction involving such securities and earn brokerage or compensation or act as advisor or have other potential conflict of interest with respect to company/ies mentioned herein or inconsistent with any recommendation and related information and opinions. Angel Broking Limited and 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. Sebi Registration No : INB 010996539
For Private Circulation Only |