4. NSE Futures Intra-day Technical Levels For 17/09/12
Close * Intra
(Fut) Day Pivot Resistance Support
Company Expiry 14/09/12 Trend Point R1 R2 R3 S1 S2 S3
TATAPOWER 27-Sep-12 98 DOWN 98 99 101 104 97 95 93
TATASTEEL 27-Sep-12 405 UP 403 410 416 429 397 390 377
TCS 27-Sep-12 1418 DOWN 1423 1437 1457 1490 1403 1389 1355
TECHM 27-Sep-12 911 DOWN 914 926 942 970 899 887 859
TITAN 27-Sep-12 241 DOWN 242 244 246 251 239 238 233
TTKPRESTIG 27-Sep-12 3514 UP 3494 3580 3647 3800 3427 3341 3188
TTML 27-Sep-12 11 DOWN 11 11 11 11 11 11 11
TVSMOTOR 27-Sep-12 40 UP 40 41 42 43 39 38 37
UCOBANK 27-Sep-12 69 UP 69 70 71 72 68 67 66
ULTRACEMCO 27-Sep-12 1761 UP 1755 1774 1787 1819 1742 1723 1691
UNIONBANK 27-Sep-12 165 UP 165 167 169 173 163 161 157
UNIPHOS 27-Sep-12 125 DOWN 125 126 128 131 123 122 119
UNITECH 27-Sep-12 21 UP 21 22 22 23 21 20 19
VIDEOIND 27-Sep-12 181 DOWN 182 183 184 186 180 180 177
VIJAYABANK 27-Sep-12 50 UP 50 51 51 53 49 48 46
VIPIND 27-Sep-12 85 UP 85 86 87 90 83 82 80
VOLTAS 27-Sep-12 117 UP 116 118 119 123 114 112 109
WELCORP 27-Sep-12 102 DOWN 103 104 105 107 101 100 98
WIPRO 27-Sep-12 392 DOWN 392 396 400 408 388 384 376
YESBANK 27-Sep-12 356 UP 353 363 369 385 347 337 321
ZEEL 27-Sep-12 170 DOWN 171 173 176 180 169 167 163
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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