The Sensex and Nifty indices opened lower and traded with volatility, closing marginally lower. On the sectoral front, Realty, Banks and Healthcare gained while IT and FMCG fell. The advance-decline ratio favored advancing stocks. On the daily chart, prices tested but did not close above the downward gap area of 18,679-18,589/5,601-5,580 levels. Immediate resistance is seen at 18,735/5,633, while 18,449/5,541 is crucial support.

1. Technical Research | July 15, 2011
Daily Technical Report
Sensex (18618) / NIFTY (5599)
Markets opened lower and traded with extreme volatility to close Exhibit 1: Sensex Daily Chart
marginally in red. On the sector front, Realty, Bankex and
Healthcare were among the gainers whereas IT and FMCG
ended on the losing side. The advance decline ratio was in
favor of Advancing counters (A=1606 D=1252).
(Source - Iris software)
Formation
On the Daily chart, prices have tested the downward gap
area of 18679 - 18589 / 5601 - 5580 levels but have not Source: Falcon
closed above it.
Trading strategy:
The current price action suggests that immediate resistance for
the coming trading session is at 18735 / 5633 level .If indices
trade above this level then there is a high probability that it
could resume the upward momentum and they may test
18803 - 18950 / 5654 - 5700 levels. On the downside,
18449 / 5541 remains crucial support if breached then indices
could test prior low of 18326 / 5496 or even test
18276 / 5450 levels.
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2. Technical Research | July 15, 2011
Daily Pivot Levels For Nifty 50 Stocks
SCRIPS S2 S1 PIVOT
PIVO R1 R2
SENSEX 18,079 18,348 18,596 18,866 19,114
NIFTY 5,427 5,513 5,584 5,670 5,741
ABB 861 869 879 887 897
ACC 933 956 971 993 1,008
AMBUJACEM 120 123 126 129 131
AXISBANK 1,250 1,265 1,279 1,294 1,309
BHARTIARTL 391 394 396 399 402
BHEL 1,898 1,914 1,931 1,947 1,964
BPCL 654 661 667 674 680
CAIRN 311 314 317 320 323
CIPLA 318 324 327 333 336
DLF 219 226 232 240 246
GAIL 450 454 458 461 466
HCLTECH 486 489 492 496 499
HDFC 676 690 701 715 726
HDFCBANK 492 499 506 513 521
HEROHONDA 1,824 1,837 1,858 1,871 1,891
HINDALCO 173 175 179 181 185
HINDUNILVR 325 329 332 336 340
ICICIBANK 1,029 1,049 1,066 1,087 1,104
IDEA 79 80 81 82 82
IDFC 128 133 137 142 146
INFY 2,712 2,726 2,745 2,759 2,778
ITC 198 201 203 205 207
JINDALSTEL 604 618 630 643 656
JPASSOCIAT 75 76 77 78 80
KOTAKBANK 482 490 495 503 509
LT 1,753 1,786 1,814 1,847 1,875
M&M 694 705 714 724 734
MARUTI 1,134 1,154 1,171 1,191 1,208
NTPC 186 188 190 191 194
ONGC 277 280 284 287 291
PNB 1,108 1,128 1,144 1,164 1,180
POWERGRID 107 108 109 110 111
RANBAXY 540 543 549 553 558
RCOM 95 96 97 98 99
RELCAPITAL 575 584 593 602 611
RELIANCE 850 859 868 877 887
RELINFRA 557 566 575 584 593
RPOWER 114 115 117 118 119
SAIL 129 130 132 133 134
SBIN 2,380 2,424 2,456 2,500 2,533
SIEMENS 888 898 910 920 932
STER 162 164 166 169 171
SUNPHARMA 491 501 510 520 529
SUZLON 49 49 50 51 51
TATAMOTORS 1,016 1,042 1,062 1,088 1,108
TATAPOWER 1,251 1,262 1,276 1,287 1,301
TATASTEEL 564 571 577 583 590
TCS 1,094 1,109 1,134 1,149 1,173
UNITECH 32 33 34 35 35
WIPRO 407 409 412 414 417
Technical Research Team
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3. Technical Research | July 15, 2011
Technical Report
RESEARCH TEAM
Shardul Kulkarni Head - Technicals
Mileen Vasudeo Technical Analyst
Sameet Chavan Technical Analyst
Sacchitanand Uttekar Technical Analyst
Mehul Kothari Technical Analyst
For any Queries, Suggestions and Feedback kindly mail to vasudeo.kamalakant@angeltrade.com
Research Team: 022-3952 6600 Website: www.angelbroking.com
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