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    Technical Report 1st March 2012

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    Angel Broking
    The daily technical report summarizes the performance of key indices like Sensex and Nifty on the previous day and provides an outlook for the following trading sessions. It notes that indices opened higher but saw selling pressure later in the day, closing with small gains. Certain sectors like Oil & Gas performed well while others like FMCG declined. The report analyzes charts and indicators to predict that indices may open lower and could find support around certain levels or face resistance at other levels, depending on price movements. It also examines performances of other indices like Bank Nifty and provides outlook on select stocks.

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    Technical Report 1st March 2012

    Uploaded by

    Angel Broking
    301 views5 pages
    The daily technical report summarizes the performance of key indices like Sensex and Nifty on the previous day and provides an outlook for the following trading sessions. It notes that indices opened higher but saw selling pressure later in the day, closing with small gains. Certain sectors like Oil & Gas performed well while others like FMCG declined. The report analyzes charts and indicators to predict that indices may open lower and could find support around certain levels or face resistance at other levels, depending on price movements. It also examines performances of other indices like Bank Nifty and provides outlook on select stocks.

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    The daily technical report summarizes the performance of key indices like Sensex and Nifty on the previous day and provides an outlook for the following trading sessions. It notes that indices opened higher but saw selling pressure later in the day, closing with small gains. Certain sectors like Oil & Gas performed well while others like FMCG declined. The report analyzes charts and indicators to predict that indices may open lower and could find support around certain levels or face resistance at other levels, depending on price movements. It also examines performances of other indices like Bank Nifty and provides outlook on select stocks.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    301 views5 pages

    Technical Report 1st March 2012

    Uploaded by

    Angel Broking
    The daily technical report summarizes the performance of key indices like Sensex and Nifty on the previous day and provides an outlook for the following trading sessions. It notes that indices opened higher but saw selling pressure later in the day, closing with small gains. Certain sectors like Oil & Gas performed well while others like FMCG declined. The report analyzes charts and indicators to predict that indices may open lower and could find support around certain levels or face resistance at other levels, depending on price movements. It also examines performances of other indices like Bank Nifty and provides outlook on select 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 | March 01, 2012

    Daily Technical Report Sensex (17753) / NIFTY (5385)


    Yesterday, markets opened with a significant upside gap and continued to move higher during the first half to test mentioned resistance at 17975 - 5450. Post mid-session, strong selling pressure eventually dragged indices lower to close with nominal gains. On the sectoral front, Oil & Gas, PSU and Metal counters were among the major gainers, whereas Capital Goods and FMCG sectors ended with a on a losing side. The advance to decline ratio was in favor of advancing counters. (A=1581 D=1311) (Source www.bseindia.com)

    Exhibit 1: Nifty Daily Chart

    Formation:
    The 200-day SMA and 20-day EMA have now shifted to 17200 / 5170 and 17720 / 5370, respectively. The weekly Stochastic oscillator is negatively poised.
    Source: Falcon

    Trading strategy:
    After a strong bounce back on Tuesdays session, we witnessed a gap up opening during yesterdays session. Subsequently, indices moved higher during the initial trade to test Tuesdays high of 17975 / 5450. Looking at the global indices and the charts of the dollar index it is likely that our markets may open lower. Going forward, if indices sustain below yesterdays low of 17677 / 5352, then they are likely to drift towards the next support levels of 17530 17381 / 5306 5268. Conversely, yesterdays high of 18001 / 5459 is likely to act as a resistance in coming trading session. A move beyond this may push indices higher to test 18200 / 5520 level.

    Actionable points:
    View Expected targets Resistance levels Negative below 5352 5306 - 5268 5459

    For Private Circulation Only |

    Technical Research | March 01, 2012

    Bank Nifty Outlook - (10414)


    Yesterday, Bank Nifty opened with an upside gap and traded with extreme volatility throughout the day. We are now witnessing a positive crossover in stochastic momentum oscillator on the daily chart. However, on the contrary on hourly chart we are witnessing a negative crossover in 5 & 20 EMA. Looking at the mixed signals on hourly and daily charts we are of the opinion that the index is likely to be in the range of 10800 10200. Only a sustainable move outside the said range will dictate a clear direction of the trend. In such a scenario index is likely to find resistance at 10667 10800 levels. On the downside 10200 10073 levels are likely to act as support in coming trading session. Exhibit 2: Bank Nifty Daily Chart

    Actionable points:
    View Resistance Levels Support Levels Neutral 10667 - 10800 10200 - 10073
    Source: Falcon

    For Private Circulation Only |

    Technical Research | March 01, 2012

    Positive Bias:
    Expected Target 3230

    Stock Name TTK Prestige

    CMP 2976.7

    5 Day EMA 2901.5

    20 Day EMA 2828.2

    Remarks View will change below 2880

    Negative Bias:
    Expected Target 539

    Stock Name United Spirits

    CMP 572.6

    5 Day EMA 591.3

    20 Day EMA 629.7

    Remarks View will change above 602

    For Private Circulation Only |

    Technical Research | March 01, 2012

    Daily Pivot Levels for Nifty 50 Stocks


    SCRIPS SENSEX NIFTY BANKNIFTY ACC AMBUJACEM AXISBANK BAJAJ-AUTO BHARTIARTL BHEL BPCL CAIRN CIPLA COALINDIA 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 RELIANCE RELINFRA RPOWER SAIL SBIN SESAGOA SIEMENS STER SUNPHARMA SUZLON TATAMOTORS TATAPOWER TATASTEEL TCS WIPRO S2 17,487 5,292 10,148 1,279 154 1,133 1,738 340 292 648 359 310 329 219 1,601 366 480 649 497 1,879 142 374 884 135 2,841 203 549 71 527 1,246 677 1,226 178 288 924 111 414 89 794 558 112 99 2,189 203 769 120 534 25 261 110 453 1,197 415 S1 17,620 5,339 10,281 1,293 157 1,155 1,770 345 300 655 364 313 332 223 1,622 370 483 656 507 1,912 145 377 895 138 2,862 205 566 73 537 1,277 693 1,241 179 290 939 112 421 92 807 576 116 101 2,218 209 783 122 542 26 266 113 463 1,209 424 PIVOT 17,811 5,399 10,474 1,306 162 1,183 1,807 349 312 662 367 320 334 228 1,641 375 484 668 523 1,964 148 382 909 142 2,885 209 589 76 552 1,328 706 1,266 181 294 960 113 431 94 818 601 120 103 2,253 212 803 124 554 27 272 115 469 1,225 430 R1 17,943 5,445 10,607 1,320 166 1,205 1,838 354 319 670 373 323 336 232 1,662 379 487 675 534 1,997 152 385 920 145 2,906 212 606 78 562 1,359 722 1,280 183 297 975 114 438 97 831 619 123 105 2,282 218 817 126 562 27 277 117 479 1,237 439 R2 18,134 5,505 10,801 1,333 171 1,232 1,875 358 331 677 376 330 338 237 1,681 384 488 686 550 2,049 155 390 933 148 2,929 215 629 80 576 1,410 734 1,306 185 301 996 115 447 100 841 643 127 106 2,317 221 837 128 574 28 284 120 485 1,252 445

    Technical Research Team


    For Private Circulation Only |

    Technical Research | March 01, 2012 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: 022-3952 6600 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.

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