Bulls come back smartly from support of 8315mark but 8560 is immediate resistance for nifty need to take out for another 100 points move to 8660. Above 8660 mark there may be smooth run towards 8850+. Hence traders are advised to keep an eye on 8560 resistance mark and play accordingly where 8480 should be your stop loss for intraday long position.

1. DAILY TECHNICAL OUTLOOK
SWASTIKA INTELLIGENCE GROUP 03rd
August 2013
Visit us at: - www.swastika.co.in 0731-6688005
Bulls come back smartly from 8315 support level but 8560 is an immediate and critical hurdle need to be
crossed for another 100 points move towards 8660 mark.
NIFTY: 8533(+1.32%)
STRATEGY FOR TRADERS:
Bulls come back smartly from support of 8315mark but 8560 is immediate resistance for nifty need to take out for
another 100 points move to 8660. Above 8660 mark there may be smooth run towards 8850+. Hence traders are
advised to keep an eye on 8560 resistance mark and play accordingly where 8480 should be your stop loss for
intraday long position.
Daily Nifty Levels R1: 8560 R2: 8590 R3: 8650
Pivot: 8510 S1: 8490 S2: 8450 S3: 8425
CHART FORMATIONS:
 Nifty witnessed a smart recovery form 50-day SMA
and closed above both 100-day and 200-day SMA.
 Nifty has immediate resistance at horizontal line
placed at 8560mark above this next horizontal
resistance will come at 8660mark.
 Above 8660 mark bullish momentum may get pace
for higher level of 8850+.
 In downside 8425 is immediate and strong support
which coincides with 200-day SMA.
 Below 8315 mark nifty is vulnerable to correct for
lower levels of 8190.
TECHNICAL INDICATORS:
 Mechanical indicator RSI witnessed positive
crossover at 50mark but trading below resistance of
60.
 CCI has moved above centerline.

2. DAILY TECHNICAL OUTLOOK
SWASTIKA INTELLIGENCE GROUP 03rd
August 2013
Visit us at: - www.swastika.co.in 0731-6688005
BANKNIFTY FUT: 18835 (+2.18%)
STRATEGY FOR TRADERS:
Banknifty is showing good strength but 18920 is immediate and strong resistance; hence traders are advised go
aggressive long only at decisive move above 18920 level; while a contra short position can be taken with strict stop
loss at 18950.
DAILY PIVOT POINTS
Trading Strategy for 03rd August 2015
Symbol Close R3 R2 R1 Pivot S1 S2 S3
ACC 1387.40 1422.27 1407.63 1397.52 1382.88 1372.77 1358.13 1348.02
AMBUJACEM 232.30 237.67 236.03 234.17 232.53 230.67 229.03 227.17
ASIANPAINT 882.80 923.33 904.17 893.48 874.32 863.63 844.47 833.78
AXISBANK 573.50 591.83 585.57 579.53 573.27 567.23 560.97 554.93
BAJAJ-AUTO 2525.30 2590.53 2573.07 2549.18 2531.72 2507.83 2490.37 2466.48
BANKBARODA 177.50 196.00 187.70 182.60 174.30 169.20 160.90 155.80
BHARTIARTL 418.80 437.45 431.80 425.30 419.65 413.15 407.50 401.00
BHEL 278.35 298.65 294.15 286.25 281.75 273.85 269.35 261.45
BOSCHLTD 24669.70 25693.22 25300.63 24985.17 24592.58 24277.12 23884.53 23569.07
BPCL 926.75 980.15 965.95 946.35 932.15 912.55 898.35 878.75
CAIRN 172.95 180.93 177.92 175.43 172.42 169.93 166.92 164.43
CIPLA 709.05 738.03 731.02 720.03 713.02 702.03 695.02 684.03
COALINDIA 439.05 465.10 453.95 446.50 435.35 427.90 416.75 409.30
DRREDDY 4076.10 4265.17 4179.33 4127.72 4041.88 3990.27 3904.43 3852.82
GAIL 354.95 365.25 360.95 357.95 353.65 350.65 346.35 343.35
GRASIM 3716.25 3805.37 3782.68 3749.47 3726.78 3693.57 3670.88 3637.67
HCLTECH 998.25 1067.50 1036.75 1017.50 986.75 967.50 936.75 917.50
HDFC 1340.40 1370.40 1360.20 1350.30 1340.10 1330.20 1320.00 1310.10
HDFCBANK 1111.65 1138.77 1129.88 1120.77 1111.88 1102.77 1093.88 1084.77
HEROMOTOCO 2682.70 2838.70 2768.60 2725.65 2655.55 2612.60 2542.50 2499.55
Daily Bank Nifty Levels R1: 18900 R2: 19055 R3: 19150
Pivot: 18776 S1: 18665 S2: 18560 S3: 18425

3. DAILY TECHNICAL OUTLOOK
SWASTIKA INTELLIGENCE GROUP 03rd
August 2013
Visit us at: - www.swastika.co.in 0731-6688005
HINDALCO 105.20 109.63 108.47 106.83 105.67 104.03 102.87 101.23
HINDUNILVR 921.65 943.83 936.02 928.83 921.02 913.83 906.02 898.83
ICICIBANK 302.40 324.30 316.60 309.50 301.80 294.70 287.00 279.90
IDEA 173.35 177.87 176.08 174.72 172.93 171.57 169.78 168.42
INDUSINDBK 977.70 1007.10 998.20 987.95 979.05 968.80 959.90 949.65
INFY 1077.05 1106.95 1094.15 1085.60 1072.80 1064.25 1051.45 1042.90
ITC 326.00 342.60 335.00 330.50 322.90 318.40 310.80 306.30
KOTAKBANK 695.40 733.03 720.87 708.13 695.97 683.23 671.07 658.33
LT 1791.25 1865.92 1840.88 1816.07 1791.03 1766.22 1741.18 1716.37
LUPIN 1696.70 1805.57 1756.63 1726.67 1677.73 1647.77 1598.83 1568.87
M&M 1363.60 1448.40 1415.20 1389.40 1356.20 1330.40 1297.20 1271.40
MARUTI 4331.45 4440.37 4399.68 4365.57 4324.88 4290.77 4250.08 4215.97
NMDC 101.90 104.62 103.73 102.82 101.93 101.02 100.13 99.22
NTPC 135.05 138.40 137.65 136.35 135.60 134.30 133.55 132.25
ONGC 272.70 281.03 278.77 275.73 273.47 270.43 268.17 265.13
PNB 151.00 162.58 158.67 154.83 150.92 147.08 143.17 139.33
POWERGRID 142.00 145.55 144.20 143.10 141.75 140.65 139.30 138.20
RELIANCE 1001.85 1027.73 1017.82 1009.83 999.92 991.93 982.02 974.03
SBIN 270.05 292.88 283.32 276.68 267.12 260.48 250.92 244.28
SUNPHARMA 822.40 841.10 833.20 827.80 819.90 814.50 806.60 801.20
TATAMOTORS 383.85 400.00 395.25 389.55 384.80 379.10 374.35 368.65
TATAPOWER 68.45 72.18 71.32 69.88 69.02 67.58 66.72 65.28
TATASTEEL 246.90 259.10 255.90 251.40 248.20 243.70 240.50 236.00
TCS 2510.75 2556.17 2537.58 2524.17 2505.58 2492.17 2473.58 2460.17
TECHM 530.70 539.87 535.93 533.32 529.38 526.77 522.83 520.22
ULTRACEMCO 3149.15 3265.85 3237.35 3193.25 3164.75 3120.65 3092.15 3048.05
VEDL 130.25 135.72 134.28 132.27 130.83 128.82 127.38 125.37
WIPRO 569.85 582.63 577.32 573.58 568.27 564.53 559.22 555.48
YESBANK 828.95 868.50 854.65 841.80 827.95 815.10 801.25 788.40
ZEEL 398.80 410.37 406.33 402.57 398.53 394.77 390.73 386.97

4. DAILY TECHNICAL OUTLOOK
SWASTIKA INTELLIGENCE GROUP 03rd
August 2013
Visit us at: - www.swastika.co.in 0731-6688005
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Research Team Designation E-Mail ID
Santosh Meena Senior Research Analyst santosh.meena@swastika.co.in
Research Team Designation E-Mail ID
Amit Khare Senior Research Analyst amit.khare@swastika.co.in
Sandeep Choubey Technical Research Analyst sandeep.choubey@swastika.co.in
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