4. NSE Futures Intra-day Technical Levels For 18/09/12
Close * Intra
(Fut) Day Pivot Resistance Support
Company Expiry 17/09/12 Trend Point R1 R2 R3 S1 S2 S3
TATAPOWER 27-Sep-12 99 DOWN 100 101 102 104 98 97 95
TATASTEEL 27-Sep-12 411 UP 411 417 423 435 405 398 386
TCS 27-Sep-12 1346 DOWN 1371 1401 1456 1541 1315 1285 1200
TECHM 27-Sep-12 906 UP 904 919 933 961 890 875 846
TITAN 27-Sep-12 242 UP 242 246 249 256 239 235 228
TTKPRESTIG 27-Sep-12 3630 UP 3588 3686 3742 3896 3532 3434 3280
TTML 27-Sep-12 12 UP 11 12 12 12 11 11 10
TVSMOTOR 27-Sep-12 40 DOWN 40 41 41 42 40 39 38
UCOBANK 27-Sep-12 72 UP 71 73 74 77 70 69 66
ULTRACEMCO 27-Sep-12 1761 UP 1758 1775 1790 1822 1743 1726 1694
UNIONBANK 27-Sep-12 177 UP 173 180 184 194 170 163 153
UNIPHOS 27-Sep-12 129 UP 128 132 135 141 125 121 115
UNITECH 27-Sep-12 23 UP 22 23 24 25 22 21 20
VIDEOIND 27-Sep-12 182 DOWN 182 183 185 187 181 180 177
VIJAYABANK 27-Sep-12 52 UP 52 53 54 56 51 50 48
VIPIND 27-Sep-12 84 UP 84 86 88 93 82 80 76
VOLTAS 27-Sep-12 121 UP 121 124 127 133 118 114 108
WELCORP 27-Sep-12 102 DOWN 102 103 104 105 102 101 100
WIPRO 27-Sep-12 386 DOWN 388 394 402 416 379 373 359
YESBANK 27-Sep-12 377 UP 371 385 394 416 363 349 327
ZEEL 27-Sep-12 172 UP 171 174 175 180 170 167 163
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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