Scribd Logo
Upload

Welcome to Scribd!

  • 294 views

    Technical Format With Stock 04.09

    Uploaded by

    Angel Broking
    The daily technical report provided an analysis of the Sensex, Nifty, and Bank Nifty stock indices. It noted that the indices opened with a minor gain but pared all early gains and closed marginally above key support levels. Technical indicators signaled negative sentiment, and resistance was seen at around 5316 for Nifty and 10131 for Bank Nifty. The report provided resistance and support levels to watch in the coming sessions and daily pivot levels for 50 Nifty stocks.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd

    Technical Format With Stock 04.09

    Uploaded by

    Angel Broking
    294 views4 pages
    The daily technical report provided an analysis of the Sensex, Nifty, and Bank Nifty stock indices. It noted that the indices opened with a minor gain but pared all early gains and closed marginally above key support levels. Technical indicators signaled negative sentiment, and resistance was seen at around 5316 for Nifty and 10131 for Bank Nifty. The report provided resistance and support levels to watch in the coming sessions and daily pivot levels for 50 Nifty stocks.

    Original Description:

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The daily technical report provided an analysis of the Sensex, Nifty, and Bank Nifty stock indices. It noted that the indices opened with a minor gain but pared all early gains and closed marginally above key support levels. Technical indicators signaled negative sentiment, and resistance was seen at around 5316 for Nifty and 10131 for Bank Nifty. The report provided resistance and support levels to watch in the coming sessions and daily pivot levels for 50 Nifty stocks.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    294 views4 pages

    Technical Format With Stock 04.09

    Uploaded by

    Angel Broking
    The daily technical report provided an analysis of the Sensex, Nifty, and Bank Nifty stock indices. It noted that the indices opened with a minor gain but pared all early gains and closed marginally above key support levels. Technical indicators signaled negative sentiment, and resistance was seen at around 5316 for Nifty and 10131 for Bank Nifty. The report provided resistance and support levels to watch in the coming sessions and daily pivot levels for 50 Nifty stocks.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    Daily Technical Report

    September 04, 2012

    Sensex (17384) / NIFTY (5254)


    Mondays session opened with a minor upside gap in-line with positive global cues. However, indices were unable to sustain at higher levels and pared all their early gains to close marginally above 5250 mark. Once again Realty, Oil & Gas, Banking and Metal sectors ended on a losing side; whereas Capital Goods and Consumer Durables closed in the positive territory. The advance to decline ratio was in favor of advancing counters (A=1424 D=1392) (Source www.bseindia.com).

    Exhibit 1: Nifty Daily Chart

    Formation
    The 20-day EMA and the 200-day SMA are placed at 17560 / 5316 and 16920 / 5120 levels, respectively. Looking at the Line Chart it is clear that indices have now confirmed the Higher Top - Higher Bottom formation on the weekly chart after August 28, 2009. The weekly momentum oscillators viz., the RSI and the Stochastic are signaling a negative crossover.
    Source: Falcon:

    Trading strategy:
    At this juncture, looking at the daily chart it is clear that our benchmark indices are facing strong resistance around 20day EMA placed at 17560 / 5316 level. Hence, only a sustainable move above this level is likely to change the underlying negative sentiment. In this case, indices may rally up to next resistance level of 17712 / 5360. Conversely, Fridays low of 17338 / 5239 is likely to act as a key support for the markets. A breach of this level may attract further selling pressure and as a result, the markets may slide towards 17123 / 5190 level.

    Actionable points:
    View Resistance Levels Support Levels Neutral 5316 5360 5240 - 5190

    www.angelbroking.com

    Daily Technical Report


    September 04, 2012

    Bank Nifty Outlook - (9963)


    Yesterday, Bank Nifty opened on a flat note and traded with extreme volatility throughout the session. We had mentioned in our report that the coming 5-7 trading sessions are likely to be volatile in nature. As there is no major change in the chart structure we reiterate our view that the index is likely to trade in the range of 10330 9914. In the mentioned range 10082 10131 is likely to act as resistance and 9940 9914 is likely to act as support in coming trading session.

    Exhibit 2: Bank Nifty Daily Chart

    Actionable points:
    View Resistance Levels Support Levels Neutral 10082 10131 9940 9914

    Source: Falcon:

    www.angelbroking.com

    Daily Technical Report


    September 04, 2012

    Daily Pivot Levels for Nifty 50 Stocks


    SCRIPS SENSEX NIFTY BANKNIFTY ACC AMBUJACEM ASIANPAINT AXISBANK BAJAJ-AUTO BANKBARODA BHARTIARTL BHEL BPCL CAIRN CIPLA COALINDIA DLF DRREDDY GAIL GRASIM HCLTECH HDFC HDFCBANK HEROMOTOCO HINDALCO HINDUNILVR ICICIBANK IDFC INFY ITC JINDALSTEL JPASSOCIAT KOTAKBANK LT M&M MARUTI NTPC ONGC PNB POWERGRID RANBAXY RELIANCE RELINFRA SAIL SBIN SESAGOA SIEMENS STER SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL TCS WIPRO S2 17,254 5,212 9,855 1,284 177 3,603 953 1,598 616 242 213 324 336 374 344 189 1,652 340 2,947 533 723 582 1,723 102 507 885 128 2,333 264 324 62 566 1,321 741 1,114 166 266 655 119 544 754 427 74 1,830 163 650 94 659 222 95 349 1,320 355 S1 17,319 5,233 9,909 1,296 179 3,627 965 1,630 621 244 215 333 338 379 353 192 1,661 345 2,962 544 729 586 1,761 103 511 894 130 2,349 266 334 63 571 1,336 749 1,138 167 269 662 120 557 759 433 75 1,840 166 658 95 663 227 96 353 1,329 360 PIVOT 17,415 5,264 9,996 1,306 183 3,654 987 1,650 631 247 216 337 341 383 358 195 1,672 352 2,981 550 735 592 1,783 104 515 905 133 2,374 268 347 64 576 1,349 762 1,154 169 274 673 121 565 764 442 77 1,853 172 671 97 668 233 98 360 1,342 366 R1 17,480 5,285 10,050 1,318 186 3,678 999 1,682 637 249 217 346 343 388 366 198 1,681 357 2,996 562 741 596 1,821 105 519 914 135 2,390 270 357 65 580 1,364 770 1,178 171 278 681 122 578 769 448 79 1,863 175 679 98 672 237 100 365 1,351 371 R2 17,575 5,317 10,137 1,328 190 3,705 1,021 1,702 646 252 219 351 347 392 371 201 1,691 364 3,015 568 747 602 1,843 107 523 925 138 2,415 271 370 67 585 1,377 783 1,194 173 283 692 123 586 774 457 81 1,875 181 692 100 677 244 102 371 1,364 377

    www.angelbroking.com

    Daily Technical Report


    September 04, 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 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. 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 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 [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


    www.angelbroking.com 4

    You might also like