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8/3/2019 Technical Report 9th February 2012
http://slidepdf.com/reader/full/technical-report-9th-february-2012 1/5
8/3/2019 Technical Report 9th February 2012
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Technical Research | February 09, 2012
For Private Circulation Only | 2
Yesterday, Bank Nifty opened on a flat note and traded with
extreme volatility throughout the day to close near the initial
opening level. We are witnessing a “Doji” candle stick
formation which is a sign of indecision in the minds of the
bulls and the bears. We are now of the opinion that the
index is in a broad range of 10180 - 10430 levels and only
a sustainable move outside the said range will dictate the
direction of the trend. However we reiterate our view, on the
Daily chart; we are witnessing a possibility of negative
divergence in “RSI” oscillator which is coupled with otheroverbought momentum oscillators. Thus the chances of a
breakdown are higher as compared to that of a breakout.
However traders are advised to wait for further confirmatory
signals before taking aggressive positions. On the upside
resistance of 10430 - 10517 remains intact.
Actionable points:
View Neutral
Resistance Levels
Support Levels
10430 - 10517
10180 - 9916
Bank N ifty Outlook - (10320)
Exhibit 2: Bank Ni fty Daily Chart
Source: Falcon
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Positive Bias:
Stock Name CMP 5 Day EMA 20 Day EMAExpectedTarget
Remarks
Uflex 138 137.6 132.6 151 View will change below 127
IL&FS Eng. 84 79.3 72.1 93 View will change below 73
Venky’s India 473.4 451 430.8 520 View will change below 431
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SCRIPS S2 S1 PIVOT R1 R2
SENSEX 17,469 17,588 17,699 17,818 17,928
NIFTY 5,292 5,330 5,363 5,402 5,435
BANKNIFTY 10,117 10,218 10,310 10,412 10,503
ACC 1,315 1,350 1,371 1,406 1,428
AMBUJACEM 172 174 177 180 182
AXISBANK 1,085 1,106 1,124 1,145 1,162
BAJAJ-AUTO 1,617 1,633 1,648 1,664 1,678
BHARTIARTL 340 347 358 366 377
BHEL 253 257 262 266 270
BPCL 559 569 574 584 589
CAIRN 362 367 372 378 382
CIPLA 344 348 352 356 360
COALINDIA 322 328 332 337 341
DLF 226 231 234 239 243
DRREDDY 1,575 1,598 1,616 1,639 1,657
GAIL 371 382 388 398 405
HCLTECH 457 462 465 470 473
HDFC 681 689 695 702 708
HDFCBANK 495 502 510 517 525
HEROMOTOCO 1,931 1,964 1,987 2,021 2,043
HINDALCO 149 155 159 165 169
HINDUNILVR 380 384 387 391 394
ICICIBANK 902 911 920 930 939
IDFC 135 137 138 140 142
INFY 2,724 2,746 2,764 2,787 2,805
ITC 199 202 205 207 210JINDALSTEL 562 572 586 595 609
JPASSOCIAT 73 75 76 79 80
KOTAKBANK 521 527 533 539 545
LT 1,336 1,352 1,366 1,382 1,396
M&M 660 673 686 699 711
MARUTI 1,229 1,248 1,264 1,283 1,299
NTPC 174 176 177 179 181
ONGC 275 279 283 287 290
PNB 962 971 984 994 1,006
POWERGRID 104 106 108 110 113
RANBAXY 444 449 455 460 465
RCOM 87 90 92 95 97RELIANCE 836 847 856 867 876
RELINFRA 536 564 580 607 624
RPOWER 98 100 101 103 104
SAIL 102 103 106 107 110
SBIN 2,128 2,153 2,170 2,195 2,213
SESAGOA 212 220 226 233 239
SIEMENS 763 774 781 792 799
STER 120 122 124 126 128
SUNPHARMA 530 540 548 558 565
SUZLON 29 29 30 30 31
TATAMOTORS 242 246 250 254 258
TATAPOWER104 106 107 110 111
TATASTEEL 432 441 452 461 471
TCS 1,203 1,211 1,219 1,227 1,235
WIPRO 423 429 434 439 444
Technical Research Team
Daily Pivot Levels for Nifty 50 Stocks
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Technical Report
RESEARCH TEAM
Shardul Kulkarni Head - Technicals
Sameet Chavan Technical Analyst
Sacchitanand Uttekar Technical Analyst
Mehul Kothari Technical Analyst
Ankur Lakhotia Technical Analyst
For any Queries, Suggestions and Feedback kindly mail to [email protected]
Research Team: 022-3952 6600 Website: www.angelbroking.com
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