4. NSE Futures Intra-day Technical Levels For 12/09/12
Close * Intra
(Fut) Day Pivot Resistance Support
Company Expiry 11/09/12 Trend Point R1 R2 R3 S1 S2 S3
TATAPOWER 27-Sep-12 96 DOWN 96 96 97 98 95 95 93
TATASTEEL 27-Sep-12 379 UP 378 381 383 389 376 373 368
TCS 27-Sep-12 1397 UP 1388 1409 1420 1452 1377 1357 1325
TECHM 27-Sep-12 893 UP 888 900 908 927 881 869 849
TITAN 27-Sep-12 238 UP 237 240 242 246 235 232 227
TTKPRESTIG 27-Sep-12 3396 DOWN 3403 3440 3484 3565 3359 3321 3240
TTML 27-Sep-12 11 UP 11 11 11 11 11 11 11
TVSMOTOR 27-Sep-12 38 DOWN 38 38 39 40 38 37 36
UCOBANK 27-Sep-12 66 UP 65 66 67 68 65 64 63
ULTRACEMCO 27-Sep-12 1762 UP 1760 1774 1787 1813 1748 1733 1706
UNIONBANK 27-Sep-12 164 UP 162 167 170 177 159 154 147
UNIPHOS 27-Sep-12 125 UP 124 126 127 129 123 122 119
UNITECH 27-Sep-12 20 UP 20 21 21 23 19 18 16
VIDEOIND 27-Sep-12 177 UP 177 178 179 181 176 175 173
VIJAYABANK 27-Sep-12 48 UP 48 48 48 49 47 47 46
VIPIND 27-Sep-12 82 UP 82 83 84 86 81 79 77
VOLTAS 27-Sep-12 113 DOWN 113 113 114 116 112 111 110
WELCORP 27-Sep-12 104 DOWN 104 105 107 109 103 102 100
WIPRO 27-Sep-12 377 UP 376 379 381 385 374 372 368
YESBANK 27-Sep-12 332 DOWN 332 335 338 343 330 327 322
ZEEL 27-Sep-12 170 DOWN 171 172 174 177 169 167 164
Sanjay Bhatia (AVP – Technical Research), Email Id sanjay@keynotecapitals.net
Pivot Point: Intra- Day Trading Tool. - The key to the use of this tool is the use of Stop Loss
Intra Day Trend: It is valid only till the point where Price trades above Pivot Point. For Eg. “UP” would be valid till Price
remains above Pivot Point. It would become “DOWN” in event Price trades below Pivot Point.
Pivot Point (PP): This is a trigger point for Intra Day Buy / Sell based on the price range of the previous day.
R1: Resistance 1: 1st Resistance level over Pivot Point, R2: Resistance 2: Next Resistance level after R1.
R3: Resistance 3: Next Resistance level after R2.
S1: Support 1: 1st Support level after Pivot Point, S2: Support 2: Next Support level after S1.
S3: Support 3: Next Support level after S2.
Note: As per this tool, the trader should take BUY position just above the Pivot Point and keep the Pivot Point level as stop
loss and the first target would be R1 level (Resistance 1). If R1 is crossed then R2 (Resistance 2) becomes the next target
with the stop loss placed at R1 level. If R2 is crossed then R3 (Resistance 3) becomes the next target with the stop loss
placed at R2 level.
Similarly if price goes below the Pivot Point the trader should take a SELL position and keep the Pivot Point level as the
stop loss and the first target would be S1 level (Support 1). If S1 level is breached then S2 level (Support 2) becomes the
next target with the stop loss placed at S1 level. If S2 level is breached then S3 level (Support 3) becomes the next target
with the stop loss placed at S2 level.
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