technical format with stock 11.01.2013

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Daily Technical Report

anuary 11, 2013

www.angelbroking.com 1

Sensex (19664) / NIFTY (5969)

Yesterday, we witnessed a gap up opening on the back

positive global cues but indices pared early gains toeventually close marginally below yesterdays close. During

the session, Power, Healthcare, Metal and Capital good

counters were among the biggest losers; whereas Banking

and O il & Gas sectors defended the market. The advance to

decline ratio was strongly in favor of declining counter

(A=1183 D=1797) (Source www.bseindia.com).

Formation

The 20-day EMA and the 20-week EMA are placed a19511 / 5931 and 18835 / 5722 levels, respectively.

On the daily chart, the benchmark indices are facingresistance near the Upward Sloping Trend Line drawn

by joining the highs of October 5, 2012 and December

11, 2012.

Trading strategy:

Despite the strong corrective move during the second half onWednesday, indices managed to open with a decent upside

gap in yesterdays session. At present, indices have closed

below the hourly Upward Sloping Channel mentioned in

our previous report. Considering the Negative Divergence

in daily RSI momentum oscillator, we reiterate our view that

the possibility of testing 19509 19406 / 5935 5897

levels, is quite high. On the flipside, Wednesdays high o

19824 / 6020 would act as strong resistance in coming

trading session. The earning season kicks off with Infosy

declaring results today and that can prove to be a catalys

for a decisive move.

Exhibit 1: Nifty Daily Chart

Source: Falcon:

Actionable points:

View Neutral

Resistance Levels 6020 6042

Support Levels 5935 - 5897


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anuary 11, 2013


Bank Nifty Outlook - (12802)

Yesterday, Bank Nifty opened on a positive note and traded

in a narrow range throughout the session. Looking at the

chart structure on the hourly chart we can see a trend line

breakout coupled with positive placement of momentum

oscillators. Thus if the index manages to move beyond the

12838 level, we expect a rally towards 12892 12964

levels. On the downside 12715 12688 levels are likely to

act as support for the day.

Actionable points:

View Bullish Above 12838

Expected Targets 12892 12964

Support Levels 12715 12688

Exhibit 2: Bank Nifty Daily Chart

Source: Falcon:


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anuary 11, 2013


Daily Pivot Levels for N ifty 50 StocksSCRIPS S2 S1 PIVOT R1 R2

SENSEX 19,494 19,579 19,681 19,766 19,869

NIFTY 5,916 5,942 5,974 6,000 6,032

BANKNIFTY 12,649 12,726 12,774 12,851 12,899

ACC 1,354 1,367 1,385 1,398 1,416

AMBUJACEM 187 189 194 196 200

ASIANPAINT 4,310 4,336 4,377 4,403 4,444

AXISBANK 1,332 1,350 1,363 1,381 1,395

BAJAJ-AUTO 2,104 2,121 2,149 2,166 2,194

BANKBARODA 865 874 880 890 896

BHARTIARTL 323 327 330 334 337

BHEL 227 229 234 236 241

BPCL 369 375 385 391 402

CAIRN 334 337 341 344 349

CIPLA 419 422 427 430 435

COALINDIA 359 362 367 371 376

DLF 229 231 234 236 239

DRREDDY 1,880 1,895 1,909 1,924 1,938

GAIL 359 363 370 375 382

GRASIM 3,053 3,090 3,137 3,174 3,221

HCLTECH 629 635 643 650 658

HDFC 812 819 827 834 842

HDFCBANK 662 669 673 680 685

HEROMOTOCO 1,829 1,839 1,852 1,862 1,875

HINDALCO 126 128 131 133 136

HINDUNILVR 509 513 517 521 526

ICICIBANK 1,150 1,165 1,176 1,191 1,203IDFC 176 178 179 181 183

INFY 2,291 2,307 2,325 2,340 2,358

ITC 277 279 281 283 284

JINDALSTEL 442 445 450 453 457

JPASSOCIAT 94 96 97 99 100

KOTAKBANK 643 648 655 661 667

LT 1,515 1,531 1,546 1,562 1,577

LUPIN 571 578 588 595 605

M&M 943 952 963 972 983

MARUTI 1,550 1,561 1,575 1,586 1,600

NTPC 151 152 155 156 158

ONGC 292 297 300 305 308

PNB 877 882 891 897 905

POWERGRID 112 113 115 116 118

RANBAXY 498 502 507 511 516

RELIANCE 840 845 852 857 864

RELINFRA 551 558 565 573 580

SBIN 2,509 2,524 2,538 2,553 2,567

SESAGO A 188 191 195 197 201

SIEMENS 673 675 679 681 684

SUNPHARMA 742 748 756 763 771

TATAMOTORS 327 330 334 337 341

TATAPOWER 107 108 109 110 111TATASTEEL 413 417 422 425 430

TCS 1,238 1,248 1,265 1,275 1,292

ULTRACEMCO 1,825 1,862 1,927 1,964 2,029

WIPRO 386 391 398 403 411


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anuary 11, 2013

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Research Team Tel: 022 - 39357800 E-mail: [email protected] Website: www.angelbroking.com

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Research Team

Shardul Kulkarni - Head TechnicalsSameet Chavan - Technical Analyst

Sacchitanand Uttekar - Technical Analyst

Mehul Kothari - Technical Analyst

Ankur Lakhotia - Technical Analyst

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technical format with stock 11.01.2013

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