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Daily Technical Report

July 18, 2012

Sensex (17105) / NIFTY (5193)

Yesterday, our benchmark indices opened on an

optimistic note in-line with some of the Asian bourses

but could not sustain at higher levels and closed once

again below the 5200 ma rk. O n the sectoral front,

the correction was mainly seen in Realty, Auto and

Power counters; wherea s defensive sectors like, FMC G

and Health Care stood firm during yesterdays

session. The advance to decline ratio was strongly in

favor of decl ining counters (A= 1048 D= 1758 )

(Source www.bseindia.com).

Formation

The weekly 61.8% Fibonacci retracement of thefa l l f rom 18524 /5630 (February 22, 2012)

157 49 / 477 0 (June 4, 2012) is seen at 17464 /

5302 .

O n the weekly chart, we are witnessing aDownward Sloping Trend Line resistance near

17687 / 5386 formed by jo in ing the h ighs of

21109 / 6339 (November 5, 2010) 18524 /

56 30 (February 24 , 201 2).

A horizontal consolidation band is observed inthe range o f 17034 / 5159 and 1763 5 / 5350.

The 20 day EMA is placed at 17200 / 5218level.

Trading strategy:

Despite strong opening , o ur m arkets could not sustain

at higher levels and again closed below 5200 mark.

Indices are now moving towards the lower range of

the gap area (1713 5 - 1703 4 / 5189 5159 levels)

formed on 29 thJune 2012. This support zone also

coincides with 20-week EMA. Hence, looking at the

weekly chart, our view is that indices may find decent

int raday suppor t around 17135 17034 / 5189

51 59 levels. O n the upside, Monda ys high of 1 727 3

/ 52 47 m ay act as an im m ed ia te in traday resista nce

level. A sustainable move above this mark may push

indices higher to test 17343 17467 / 5267 5300

levels.

Exhibit 1: N ifty Daily Chart

Source: Falco n

Actionable poin ts:

View N eutral

Resistance Levels 52 47 - 52 67

Support Levels 518 9 - 515 9

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Daily Technical Report

July 18, 2012

Daily Pivot Levels for Nifty 50 Stocks

SCRIPS S2 S1 PIVO T R1 R2

SENSEX 16,977 17,041 17,139 17,203 17,300

NIFTY 5,149 5,171 5,204 5,226 5,259

BANKNIFTY 10,429 10,494 10,584 10,648 10,738

ACC 1,238 1,248 1,260 1,269 1,281

AM BUJACEM 166 168 169 170 171

ASIANPAINT 3,595 3,629 3,674 3,707 3,752

AXISBANK 984 1,004 1,032 1,052 1,081

BAJAJ-AUTO 1,395 1,420 1,457 1,482 1,518

BANKBARODA 724 727 731 735 739

BHARTIARTL 316 320 324 329 333

BHEL 221 224 228 231 235

BPCL 369 373 379 383 390

CAIRN 315 316 317 318 320

CIPLA 325 329 333 336 341

COALINDIA 350 352 354 356 357

DLF 198 200 204 206 210DRREDDY 1,671 1,688 1,704 1,720 1,736

GAIL 341 348 354 361 366

GRASIM 2,548 2,567 2,591 2,610 2,634

HCLTECH 467 473 479 485 490

HDFC 679 681 683 685 687

HDFCBANK 573 578 584 588 594

HEROM OTOCO 2,077 2,087 2,104 2,114 2,131

HINDALCO 118 119 120 121 121

HINDUN ILVR 439 442 444 446 448

ICICIBANK 911 917 924 930 938

IDFC 132 134 137 138 141

INFY 2,141 2,156 2,177 2,192 2,213

ITC 251 253 255 257 258

JINDALSTEL 407 411 418 422 429

JPASSOCIAT 75 76 77 78 79

KOTAKBANK 581 587 594 600 607

LT 1,358 1,368 1,384 1,394 1,410

M &M 6 9 0 6 9 9 7 1 2 7 2 1 7 3 4

M ARUTI 1,176 1,186 1,201 1,211 1,226

NTPC 156 157 159 160 161

ONGC 279 281 286 288 293

PNB 846 852 858 864 870

POWERGRID 111 112 112 113 114RANBAXY 483 489 496 502 509

RELIANCE 711 715 722 726 732

RELINFRA 501 509 524 532 547

SAIL 91 91 92 93 94

SBIN 2,160 2,180 2,202 2,221 2,243

SESAGOA 181 183 186 188 191

SIEM ENS 674 683 694 703 714

STER 98 100 101 103 104

SUNPHARM A 618 623 630 635 642

TATAMOTORS 221 223 228 230 235

TATAPOW ER 93 94 96 97 99

TATASTEEL 399 403 408 411 417

TCS 1,146 1,166 1,195 1,215 1,244

W IPRO 349 356 360 367 371

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