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Transcript of DailyTech Report 10.07.12
7/31/2019 DailyTech Report 10.07.12
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Daily Technical Report
July 10, 2012
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Bank N ifty Outlook - (10588)
Yesterday, Bank Nifty opened on a pessimistic note
and traded in a narrow range throughout the day toclose near the initial opening level. For yet another
session we witnessed a lackluster activity which led the
index to form a “Doji” candlestick pattern. We had
mentioned in our previous report that momentum
oscillators on daily chart are placed in “over bought”
conditions and a consolidation or minor pullback
cannot be ruled out. We are now witnessing a
“negative crossover” in stochastic momentum
oscillator on the daily chart. Thus, if the index sustains
below yesterday’s low of 10524, it is likely to drift
towards 10440 – 10285 levels. On the upside 10636
– 10690 levels are likely to act as resistance in
coming trading session. Positional traders holding
long positions should maintain stop loss of 10050
(Closing Basis) on Bank Nifty spot.
Actionable points:
View Neutral
Resistance Levels 106 36 – 10690
Support Levels 10524 - 10440
Exhibit 2: Bank Ni fty Daily Chart
Source: Falcon
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Daily Technical Report
July 10, 2012
Dai ly Pivot Levels for N ifty 50 Stocks
SCRIPS S2 S1 PIVOT R1 R2
SENSEX 17,265 17,328 17,407 17,471 17,549
NIFTY 5,235 5,255 5,278 5,298 5,321
BANKNIFTY 10,472 10,530 10,583 10,641 10,694
ACC 1,251 1,266 1,279 1,294 1,307
AMBUJACEM 164 166 169 171 174
ASIANPAINT 3,635 3,659 3,684 3,708 3,733
AXISBANK 1,017 1,026 1,034 1,044 1,052
BAJAJ-AUTO 1,467 1,486 1,510 1,530 1,554
BANKBARODA 698 704 714 720 730
BHARTIARTL 310 313 317 320 324
BHEL 230 232 234 236 238
BPCL 754 758 764 768 774
CAIRN 303 306 311 314 319
CIPLA 318 320 324 327 331
COALINDIA 344 347 350 353 356
DLF 207 211 213 216 218DRREDDY 1,609 1,624 1,636 1,651 1,663
GAIL 341 346 354 359 367
GRASIM 2,559 2,597 2,634 2,672 2,709
HCLTECH 478 483 487 491 495
HDFC 663 670 677 684 691
HDFCBANK 564 571 576 584 589
HEROMOTOCO 1,983 2,005 2,044 2,066 2,104
HINDALCO 119 121 124 126 129
HINDUNILVR 441 442 445 446 449
ICICIBANK 914 922 932 941 951
IDFC 137 139 140 142 144
INFY 2,369 2,404 2,436 2,471 2,503
ITC 248 250 252 254 257
JINDALSTEL 430 436 446 452 462
JPASSOCIAT 73 74 75 76 78
KOTAKBANK 587 592 596 601 605
LT 1,369 1,379 1,390 1,400 1,412
M&M 721 725 731 736 742
MARUTI 1,166 1,177 1,195 1,206 1,224
NTPC 156 158 159 161 162
ONGC 274 276 278 280 282
PNB 824 830 835 842 847
POWERGRID 112 112 113 113 114RANBAXY 477 484 495 502 514
RELIANCE 723 727 731 735 738
RELINFRA 540 545 553 559 566
SAIL 91 92 93 94 95
SBIN 2,181 2,195 2,207 2,221 2,233
SESAGOA 192 194 196 198 200
SIEMENS 708 715 724 731 740
STER 104 105 106 107 108
SUNPHARMA 616 621 628 632 639
TATAMOTORS 236 238 241 243 246
TATAPOWER 99 100 102 103 105
TATASTEEL 429 434 439 443 449
TCS 1,235 1,247 1,256 1,268 1,277
WIPRO 380 383 387 390 395
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Daily Technical Report
July 10, 2012
Research Team Tel: 022 - 39357800 E-mail: [email protected] Website: www.angelbroking.com
DISCLAIMER
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Research Team
Shardul Kulkarni - Head – Technicals Sameet Chavan - Technical Analyst
Sacchitanand Uttekar - Technical Analyst
Mehul Kothari - Technical Analyst
Ankur Lakhotia - Technical Analyst
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