7/31/2019 DailyTech Report 25.07.12
1/4
www.angelbroking.com 1
Daily Technical Report
July 25, 2012
Sensex (16918) / NIFTY (5128)
Yesterday, our markets opened on a flat note in-line
with other Asian markets and subsequently traded in
a narrow range to close marginally in the positive
territory. O n the sectoral front, FMC G , Con sum er
Dura bles and O il & Ga s counters bounced back
during yesterdays session; whereas Capital Goods, IT
and Teck sectors remained under pressure. The
advance to decline ratio was marginally in favor of
declining counters (A= 139 1 D= 139 5) (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).
The 20-day EMA and 20-week EMA arep laced a t 17200 / 5218 and 17000 / 5155
level, respectively.
Trading strategy:
Despite extreme negative overnight cues from
European and US markets, our markets opened on a
quiet note and traded sideways throughout the
session. As expected, 200-day SMA provided decent
support for the markets during yesterdays session.Going forward, we continue to mention 16808 /
5098 level as an important support level for the
markets. If indices sustain below this level then they
ma y sl ide further down to test 1663 6 / 504 1. O n the
upside, Mondays high of 17048 / 5164 remains to
be a strong immediate resistance in coming trading
session. O nly a sustaina ble m ove abo ve this level
may lead to some upside and then indices may move
upwards to test 17 142 17205 / 51 97 521 9 level.
Exhibit 1: N ifty Daily Chart
Source: Falco n
Actionable poin ts:
View N eutral
Resistance 51 64 51 97
Supp ort Levels 509 8 50 41
7/31/2019 DailyTech Report 25.07.12
2/4
Daily Technical Report
July 25, 2012
www.angelbroking.com 2
Bank N ifty Outlook - (10299)
Yesterday, Bank Nifty opened on a flat note and
traded in a narrow range throughout the session. Wehad mentioned in our previous report that the
momentum oscillators on the hourly chart are placed
in oversold cond itions and a bo unce back in the index
is likely. We ar e now witnessing a neg ative crossover
in 5 & 20 EMA on the daily chart which is a cause
of concern. O n the flip side we are witnessing a
Bullish Harami candlestick pattern. This pattern
needs confirmation in the form of a close above the
10350 mark. Considering these technical
observations we expect the coming trading session to
be volat ile. On the upside 104 23 104 73 levels are
likely to act as resistance and on the downside 10200
1 0160 levels are li ke ly to act as support fo r the day.
Actionable points:
View N eutral
Resistance Levels 10 42 3 10 47 3
Support Level 102 00 10 160
Exhibit 2: Bank Ni fty Daily Chart
Source: Falcon
7/31/2019 DailyTech Report 25.07.12
3/4
www.angelbroking.com 3
Daily Technical Report
July 25, 2012
Daily Pivot Levels for Nifty 50 Stocks
SCRIPS S2 S1 PIVO T R1 R2
SENSEX 16,784 16,851 16,907 16,974 17,030
NIFTY 5,084 5,106 5,125 5,147 5,166
BANKNIFTY 10,183 10,241 10,295 10,353 10,407
ACC 1,241 1,255 1,266 1,281 1,292
AM BUJACEM 165 166 169 171 173
ASIANPAINT 3,506 3,536 3,581 3,612 3,657
AXISBANK 1,024 1,033 1,039 1,048 1,054
BAJAJ-AUTO 1,534 1,547 1,563 1,576 1,592
BANKBARODA 675 681 686 692 697
BHARTIARTL 297 303 306 312 315
BHEL 213 215 218 220 223
BPCL 365 368 374 377 383
CAIRN 317 320 324 327 331
CIPLA 321 324 327 329 333
COALINDIA 351 353 356 358 360
DLF 194 198 200 203 206DRREDDY 1,588 1,608 1,623 1,643 1,658
GAIL 334 339 342 346 350
GRASIM 2,559 2,584 2,625 2,650 2,690
HCLTECH 468 474 478 485 489
HDFC 669 672 675 677 681
HDFCBANK 567 570 574 578 581
HEROM OTOCO 2,004 2,020 2,042 2,057 2,080
HINDALCO 114 116 117 118 119
HINDUN ILVR 441 458 468 486 496
ICICIBANK 904 910 916 922 928
IDFC 128 129 131 133 135
INFY 2,135 2,152 2,182 2,199 2,229
ITC 247 248 250 252 254
JINDALSTEL 408 411 416 419 424
JPASSOCIAT 71 73 74 75 76
KOTAKBANK 532 538 548 555 565
LT 1,325 1,340 1,366 1,381 1,406
M &M 6 7 3 6 7 9 6 9 0 6 9 6 7 0 6
M ARUTI 1,070 1,088 1,104 1,122 1,137
NTPC 151 152 153 154 155
ONGC 278 281 284 288 291
PNB 798 802 808 813 818
POWERGRID 107 109 111 113 114RANBAXY 471 480 485 494 500
RELIANCE 715 720 723 728 732
RELINFRA 499 504 510 515 521
SAIL 87 88 90 91 93
SBIN 2,062 2,079 2,097 2,113 2,131
SESAGOA 180 183 185 188 190
SIEM ENS 658 663 667 672 676
STER 99 100 102 103 105
SUNPHARM A 599 604 611 616 623
TATAMOTORS 211 214 216 218 220
TATAPOW ER 95 96 97 98 99
TATASTEEL 389 393 398 402 406
TCS 1,187 1,198 1,208 1,220 1,230
W IPRO 334 340 347 352 359
7/31/2019 DailyTech Report 25.07.12
4/4
www angelbroking com 4
Daily Technical Report
July 25, 2012
Research Team Tel: 02 2 - 39 35 78 00 E-m ail: research@a ngelbroking .com Website: www.a ngelbrok ing.com
D ISC LAIM ER
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment
decision. N othing in this document should be construed as investment or fina ncial advice. Each recipient of this documen t should m ake
such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companiesreferred to in this docum ent (including the merits and risks involved), and should consult their own advisors to d eterm ine 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
do cument are those of the ana lyst, and the compa ny ma y or m ay no t subscribe to a ll the views expressed w ithin.
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
do cument is for general guida nce only. Angel Broking Limited or any of its affiliates/ group comp anies shall not be in an y 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 ind ependently verified all the informa tion contained w ithin this document. According ly, 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 upda te on a rea sonab le basis the informa tion discussed in this material, there ma y be regulatory,
comp liance, or other reasons that prevent us from do ing 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 o n, d irectly or indirectly.
Angel Broking Limited and its affiliates may seek to provide or have engaged in providing corporate finance, investment banking or
other ad visory services in a m erger or specific transaction to the com panies referred to in this report, as on the date of this report o r in
the pa st.
N either Angel Broking Limited, nor its directors, employees or a ffiliates shall be liable for any loss or d am age that ma y arise from or in
connection with the use of this inform ation.
N ote: Plea se refer to the im portan t ` Stock H olding D isclosure' report on the Ange l website (Research Section). A lso, p lease refer to the
latest upda te on respective stocks for the disclosure status in respect of those stocks. Angel Broking Limited a nd its affiliates ma y ha ve
investment p ositions in the stocks recomm ende d in this report.
Research Team
Shard ul Kulkarni - Head TechnicalsSam eet Ch avan - Technica l Ana lyst
Sacchitana nd Uttekar - Technica l Ana lyst
M ehul Kothari - Technica l Ana lyst
Anku r Lakhotia - Technica l Ana lyst
For any Q ueries, Sugge stions an d Feedba ck kindly m ail to sa m eet.chavan@ an gelbroking.com
Ang el Broking Pvt. Ltd.
Registered O ffice: G-1 , Ackruti Trade Centre, Rd. N o. 7, M IDC, And heri (E), M umba i - 400 09 3.
Co rporate Office: 6th Floor, Ackruti Star, MIDC, Andheri (E), Mum bai - 4 00 093 . Tel: (022) 3952 660 0
Sebi Registration N o: IN B 010 99 65 39