Technical Format With Stock 19.10

7/31/2019 Technical Format With Stock 19.10

1/4

Daily Technical Report

October 19, 2012

www.angelbroking.com 1

Sensex (18792) / NIFTY (5719)

Yesterday we witnessed a gap up opening on the back of

strong cues from global markets and strong buying duringthe second half pushed our indices higher to close on a

strong footing. The ral ly was mainly dominated by the

interest sensitive sectors like, Realty and Banking along with

Co nsumer Durab les and Autos. O nly the Health Ca re sector

ended with nominal losses. The advance to decline ratio was

strongly in favor of advancing counters (A= 17 27 D= 11 25)

(Source www.bseindia.com).

Formation

The 20-day EMA and the 20-week EMA are placed at18 582 / 56 35 a nd 17 840 / 54 00 levels, respect ively.

The monthly RSI oscillator is moving higher from the 50mark and the positive in ADX (9) indicator is intact.

The weekly Stochastic oscillator is now signaling aneg ative crossover.

The weekly chart depicts a Bearish Engulfingcand lestick p attern.

The 38.2% and 50% Fibonacci Retracement levels of ther ise f rom 17 250 to 191 38 / 5216 to 5815 are p laced at1841 6 / 5586 and 181 94 / 5515 , respective ly.

Trading strategy:

Finally, bulls had something to cheer about as we witnessed

a sharp intraday rally during yesterdays session. We had

mentioned that the 20-day EMA is proving out to be a

major hurdle for the bears and yesterdays unexpected up

move further strengthens this point. However, the bulls are

yet to conquer the sti ff resistance level of 1 88 86 / 57 29 .

O nly a m ove abo ve this level would b ring clari ty of the trend

and h igher levels o f 18973 - 191 07 / 5757 - 5807 can be

expected. Conversely, 18535 / 5633 level would act as

strong and crucial support in coming trading sessions. A

close below this level would certainly trigger short term

pessimism in the market. In that scenario, the markets may

slide lower to test next suppo rt levels of 1 84 16 / 55 86 and

18194 / 5515, which are 38.2% and 50% Fibonacci

Retracement levels of the rise from 17250 to 19138 / 5216

to 5815, respectively.

Exhibit 1: N ifty Daily Chart

Source: Falcon:

Actionable poin ts:

View for the day Bullish abo ve 57 2 9

Expected Targets 575 7 - 58 07

Supp ort Levels 563 3


2/4


October 19, 2012


Exhibit 2: Bank Ni fty Daily Chart

Source: Falcon:

Bank N ifty Outlook - (11586)

Yesterday, Bank Nifty opened on an optimistic note and

gained momentum as the day progressed to close near

days high. The rally was mainly driven by banking heavy

weights SBI, Axis and PSU banks due to which the bulls

finally managed to give a convincing close above 11537

level. The momentum oscillator RSI and Stochastic on

the daily chart are positively poised indicating probability

of further upside in coming trading sessions. Thus if the

index sustains above yesterdays high of 11595 then it is

l ikely to ral ly towards 1168 6 117 45 level. O n the

downside 11508 11447 levels are likely to act as

supp ort for the day.

Actionable poin ts:

View for the day Bullish Above 1 15 95

Expected Targets 116 86 11 745

Support Levels 115 08 - 11 447


3/4


October 19, 2012


Daily Pivot Levels for Nifty 50 Stocks

SCRIPS S2 S1 PIVO T R1 R2

SENSEX 18,495 18,643 18,725 18,874 18,955

NIFTY 5,625 5,672 5,697 5,744 5,769

BANKNIFTY 11,285 11,436 11,515 11,666 11,745

A C C 1 ,379 1 ,398 1 ,425 1 ,443 1 ,471

AMBUJACEM 198 201 204 207 211

ASIANPAINT 3,877 3,900 3,924 3,947 3,971

AXISBANK 1,126 1,164 1,186 1,225 1,247

BAJAJ-AUTO 1,745 1,759 1,770 1,784 1,795

BANKBARO DA 758 779 791 812 825

BHARTIARTL 260 263 266 269 273

BHEL 243 245 247 249 251

BPCL 340 344 346 349 352

C A IRN 333 335 340 342 347

CIPLA 359 361 363 365 368

C O A LIN D IA 347 353 358 363 368

D LF 198 202 205 208 211

DRREDDY 1,673 1,684 1,696 1,708 1,720

G A IL 362 365 370 373 378

GRASIM 3,409 3,445 3,476 3,511 3,543

HCLTECH 573 587 596 609 618

H D FC 744 753 758 767 772

H D FC BA N K 619 628 633 641 646

H ERO MO TO C O 1 ,784 1 ,813 1 ,831 1 ,860 1 ,878

H IN D A LC O 116 117 118 119 120

HINDUN ILVR 567 571 576 580 585

ICICIBANK 1,047 1,056 1,061 1,070 1,076ID FC 149 151 152 154 156

INFY 2,321 2,349 2,373 2,401 2,425

ITC 284 288 290 294 296

JINDALSTEL 398 408 414 424 430

JPASSO CIAT 90 92 94 97 98

KOTAKBANK 617 627 634 644 651

LT 1,605 1,628 1,644 1,668 1,684

LU PIN 566 569 574 577 581

M & M 8 1 7 8 2 7 8 3 4 8 4 4 8 5 1

MARUTI 1 ,362 1,370 1,379 1,388 1,397

N TPC 166 167 168 170 171

O N G C 2 7 6 2 7 7 2 8 0 2 8 1 2 8 3

PN B 804 818 826 840 848

PO WERGRID 119 120 120 121 122

RANBAXY 541 545 550 554 559

RELIANCE 789 800 808 819 827

RELINFRA 497 507 513 523 529

SBIN 2,180 2,229 2,256 2,306 2,333

SESAGO A 167 169 171 173 174

SIEMENS 681 687 693 698 704

SUNPHARMA 688 694 704 710 721

TATAMO TO RS 264 267 269 273 275

TATAPO WER 103 105 106 108 110

TATASTEEL 403 408 410 414 417

TCS 1,269 1,288 1,300 1,319 1,330

ULTRACEMCO 2,015 2,028 2,041 2,054 2,067

WIPRO 340 343 348 351 356


4/4


October 19, 2012

www angelbroking com 4

Research Team Tel: 02 2 - 39 35 78 00 E-m ail: research@ang elbroking.com Web site: www.an gelbrok ing.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. N othing in this docum ent shou ld be construed a s investment or fina ncial advice. Each recipient of this documen t should m ake

such investigations as they deem necessary to arrive at a n ind ependent evaluation o f an investment in the securities of the comp aniesreferred to in this docum ent (including the merits and risks involved), and should consult their own advisors to d etermine 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 may o r m ay not subscribe to all 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 o r any of its affiliates/ grou p comp anies shall not be in an y way

responsible for an y loss or d am age that m ay arise to any person from any inad vertent error in the informa tion contained in this report.

Angel Broking Limited ha s not independently 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 ma terial, there may 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 o r pa ssed o n, directly or indirectly.

Angel Broking Limited and its affiliates may seek to provide or have engaged in providing corporate finance, investment banking orother ad visory services in a m erger or specific transaction to the com pan ies referred to in this report, a s on the da te of this report or in

the pa st.

N either Angel Broking Limited, no r its directors, emp loyees or affiliates shall be liab le for any loss or d am age that m ay arise from or in

connection with the use of this information.

N ote: Please refer to the im porta nt ` Stock H olding D isclosure' repo rt on the Ange l website (Research Section). Also, 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 recom me nded in this repo rt.

Research Team

Shard ul Kulkarni - Head TechnicalsSam eet Cha van - Technical Ana lyst

Sacchitana nd Uttekar - Technical Ana lyst

M ehul Kothari - Technical Ana lyst

Anku r Lak hotia - Technical Ana lyst

For a ny Q ueries, Suggestions and Feedback kindly ma il to sam eet.chavan@ ange lbroking.com

Ang el Broking Pvt. Ltd.Registered Office: G-1, Ackruti Trade Centre, Rd. No. 7, MIDC, Andheri (E), Mumbai - 400 093.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 01 09 96 53 9

Documents

Technical Format With Stock 19.10