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    Technical Report 20th September 2011

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    Angel Broking
    The daily technical report summarizes the performance of the Indian stock market indices Sensex and Nifty on the previous day. It mentions that the indices opened lower due to negative global markets and traded in a narrow range, closing in negative territory. Certain sectors like capital goods and banking underperformed, while consumer durables and auto outperformed. The report provides support and resistance levels for the indices based on chart analysis and recommends trading strategies. It also lists daily pivot levels for various stocks.

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    Technical Report 20th September 2011

    Uploaded by

    Angel Broking
    237 views3 pages
    The daily technical report summarizes the performance of the Indian stock market indices Sensex and Nifty on the previous day. It mentions that the indices opened lower due to negative global markets and traded in a narrow range, closing in negative territory. Certain sectors like capital goods and banking underperformed, while consumer durables and auto outperformed. The report provides support and resistance levels for the indices based on chart analysis and recommends trading strategies. It also lists daily pivot levels for various stocks.

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    The daily technical report summarizes the performance of the Indian stock market indices Sensex and Nifty on the previous day. It mentions that the indices opened lower due to negative global markets and traded in a narrow range, closing in negative territory. Certain sectors like capital goods and banking underperformed, while consumer durables and auto outperformed. The report provides support and resistance levels for the indices based on chart analysis and recommends trading strategies. It also lists daily pivot levels for various stocks.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    237 views3 pages

    Technical Report 20th September 2011

    Uploaded by

    Angel Broking
    The daily technical report summarizes the performance of the Indian stock market indices Sensex and Nifty on the previous day. It mentions that the indices opened lower due to negative global markets and traded in a narrow range, closing in negative territory. Certain sectors like capital goods and banking underperformed, while consumer durables and auto outperformed. The report provides support and resistance levels for the indices based on chart analysis and recommends trading strategies. It also lists daily pivot levels for various stocks.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Technical Research | September 20, 2011

    Daily Technical Report


    Sensex (16745) / Nifty (5032)
    In yesterdays trading session, we witnessed a gap down opening due to negativity across global indices after which our markets traded in a narrow range to give a close in negative territory. On the sector front, Capital Goods, Banking and Power counters were among the major losers whereas Consumer Durables and Auto were among the gainers. The advance decline ratio was in favor of declining counters (A=1358 D=1415). (Source www.bseindia.com)

    Exhibit 1: Sensex Daily Chart

    Formation
    We are now observing Upward Sloping Trend Line joining two lows of 15765 and 16374 / 4720 and 4911, which can be considered as the immediate support level.

    Trading strategy:
    As seen on the chart, the Upward sloping Trend Line is the next support and is placed at 16600 / 4980 levels. Looking at the global clues and lack of volumes in yesterdays session, in todays session too Indices are likely to trade with no clear direction. In case Indices trade convincingly below the mentioned support level, we may witness some selling pressure and Indices then may drift towards recent swing low of 16374 / 4911. On the upside, 16990 17125 / 5068 5144 levels may act as resistance in coming trading sessions.

    Source: Falcon

    For Private Circulation Only |

    Technical Research | September 20, 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 16,617 4,991 1,019 141 1,084 1,570 375 1,634 645 284 270 198 1,489 419 374 645 473 2,171 139 333 843 109 2,321 193 534 67 461 1,535 782 1,076 165 261 962 96 474 78 390 809 433 78 105 1,891 216 848 126 454 38 155 968 447 1,001 333 S1 16,681 5,011 1,035 142 1,094 1,586 381 1,644 654 288 273 202 1,502 427 383 649 479 2,186 142 335 851 111 2,342 194 540 69 467 1,548 791 1,108 167 265 970 97 480 80 395 815 439 79 107 1,904 218 853 128 464 39 158 977 451 1,010 337 PIVOT 16,774 5,040 1,045 144 1,109 1,608 385 1,661 660 290 278 205 1,515 431 388 655 483 2,201 144 338 864 113 2,377 196 544 70 472 1,573 797 1,128 170 272 975 99 490 81 400 822 450 80 108 1,918 220 857 131 480 40 161 985 455 1,021 341 R1 16,838 5,060 1,060 146 1,120 1,625 391 1,672 670 293 282 208 1,528 438 397 659 489 2,216 146 340 873 115 2,397 197 549 72 478 1,586 806 1,161 172 276 982 100 496 83 404 829 456 81 109 1,931 222 863 133 490 40 165 994 458 1,030 345 R2 16,930 5,089 1,070 148 1,135 1,647 396 1,689 675 296 287 212 1,540 442 402 665 493 2,230 148 342 886 117 2,432 199 553 73 483 1,611 812 1,181 175 283 987 101 506 84 409 836 467 82 111 1,946 225 867 136 507 41 168 1,002 462 1,041 349

    Technical Research Team


    For Private Circulation Only |

    Technical Research | September 20, 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 [email protected] 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
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