Daily Technical Report

November 19, 2012

Sensex (18309) / NIFTY (5574)

On Friday, our benchmark indices closed at two-month low below the 5600 mark. Selling pressure in the final hour of trade dragged indices to break the trading range of 5625 5750. Rate sensitive sectors like Realty, Banking and Auto counters were among the major draggers which led the fall whereas Teck and IT counters provided some support to the markets. The advance to decline ratio was strongly in favor of declining counters (A=1112 D=1738) (Source www.bseindia.com).

Exhibit 1: Sensex Daily Chart

Formation
The 20-day EMA and the 20-week EMA are placed at 18630 / 5668 and 18138 / 5505 levels, respectively. The weekly RSI Smoothened is now signaling a negative crossover.

Trading strategy:
Despite being a truncated week, our markets have shown a bigger trading range as compared to previous few weeks. The week was dominated by the bears and our benchmark indices breached almost all the intra-week support levels. At this juncture, our benchmark indices have precisely closed at the convergence point of two channels. Hence, Friday's low of 18266 / 5559 can be considered as a decent support for our market. However, the weekly RSI-Smoothened oscillator has now signaled a negative crossover. Hence, we are of the opinion that a sustainable move below 18266 / 5559 level would trigger short term pessimism in the market. As a result, our benchmark indices may slide towards 18194 / 5515 (50% Fibonacci Retracement level of the rise from 17250 to 19138 / 5216 to 5815). This level also coincides with the 20-week EMA and is likely to act as an intermediate support for the market. However, a breach of this level may drag indices further down to fill the upside gap level of 18062 / 5448. On the flipside, in case of a rally during the coming week, indices may face resistance around 18564 18751 / 5650 5702 levels.
Source: Falcon:

Actionable points:
View for the day Resistance Levels Support Levels Neutral 5650 5700 5559 - 5515

www.angelbroking.com

Daily Technical Report

November 19, 2012

Bank Nifty Outlook - (11336)

On Friday, Bank Nifty opened flat in line with our benchmark indices. However, selling pressure in the last hour of trade led the index to close near day's low. As expected and mentioned in our previous reports, selling pressure intensified below the 11420 mark. At present the index closed below the 61.8% Fibonacci retracement level of the rise from 11125 to 11719 levels. However, considering the oversold condition of momentum oscillators on the hourly chart it is likely that a minor pullback or sideways consolidation may take place in todays session. Going forward, 11413 11506 levels are likely to act as resistance and 11306 - 11252 are likely to act as support for the day.

Exhibit 2: Bank Nifty Hourly Chart

Actionable points:
View for the day Expected Targets Resistance Levels Neutral 11413 11506 11306 - 11252 Source: Falcon:

www.angelbroking.com

Daily Technical Report

November 19, 2012

Daily Pivot Levels for Nifty 50 Stocks

SCRIPS SENSEX NIFTY BANKNIFTY ACC AMBUJACEM ASIANPAINT AXISBANK BAJAJ-AUTO BANKBARODA BHARTIARTL BHEL BPCL CAIRN CIPLA COALINDIA DLF DRREDDY GAIL GRASIM HCLTECH HDFC HDFCBANK HEROMOTOCO HINDALCO HINDUNILVR ICICIBANK IDFC INFY ITC JINDALSTEL JPASSOCIAT KOTAKBANK LT LUPIN M&M MARUTI NTPC ONGC PNB POWERGRID RANBAXY RELIANCE RELINFRA SBIN SESAGOA SIEMENS SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL TCS ULTRACEMCO WIPRO S2 18,083 5,504 11,162 1,345 195 3,873 1,209 1,775 714 287 224 324 325 370 342 195 1,677 339 3,123 593 760 635 1,770 106 507 1,004 154 2,244 268 357 88 603 1,541 568 878 1,407 164 249 722 117 512 758 442 2,058 166 661 667 256 97 362 1,265 1,882 353 S1 18,196 5,539 11,249 1,361 199 3,912 1,218 1,794 725 294 227 326 328 375 347 199 1,717 343 3,151 601 767 639 1,793 108 514 1,016 157 2,294 272 364 89 613 1,560 572 886 1,423 165 254 733 118 517 767 452 2,083 167 665 673 261 98 366 1,276 1,898 356 PIVOT 18,380 5,595 11,393 1,386 204 3,975 1,231 1,824 743 299 232 330 334 383 350 206 1,751 348 3,195 612 779 644 1,824 110 524 1,034 161 2,340 276 374 92 626 1,590 576 899 1,450 167 256 751 119 524 780 467 2,127 169 672 682 267 99 373 1,291 1,916 361 R1 18,493 5,630 11,480 1,403 208 4,015 1,239 1,843 754 306 235 332 337 387 355 211 1,791 352 3,223 619 786 647 1,847 111 531 1,046 164 2,390 279 381 93 636 1,609 580 907 1,465 168 261 761 120 529 788 477 2,152 170 676 688 272 100 377 1,302 1,932 364 R2 18,676 5,685 11,624 1,428 213 4,078 1,252 1,873 772 311 240 335 342 395 359 218 1,825 357 3,267 631 798 652 1,878 113 541 1,064 169 2,436 284 391 96 649 1,640 584 920 1,493 169 264 779 121 536 801 491 2,195 173 683 697 279 101 384 1,318 1,950 369

www.angelbroking.com

Daily Technical Report

November 19, 2012
Research Team Tel: 022 - 39357800 E-mail: research@angelbroking.com Website: www.angelbroking.com

DISCLAIMER
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment. Angel Broking Limited, its affiliates, directors, its proprietary trading and investment businesses may, from time to time, make investment decisions that are inconsistent with or contradictory to the recommendations expressed herein. The views contained in this document are those of the analyst, and the company may or may not subscribe to all the views expressed within. Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's fundamentals. The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this document is for general guidance only. Angel Broking Limited or any of its affiliates/ group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Angel Broking Limited has not independently verified all the information contained within this document. Accordingly, we cannot testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While Angel Broking Limited endeavours to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced, redistributed or passed on, directly or indirectly. Angel Broking Limited and its affiliates may seek to provide or have engaged in providing corporate finance, investment banking or other advisory services in a merger or specific transaction to the companies referred to in this report, as on the date of this report or in the past. Neither Angel Broking Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or in connection with the use of this information. Note: Please refer to the important `Stock Holding Disclosure' report on the Angel website (Research Section). Also, please refer to the latest update on respective stocks for the disclosure status in respect of those stocks. Angel Broking Limited and its affiliates may have investment positions in the stocks recommended in this report.

Research Team
Shardul Kulkarni Sameet Chavan Sacchitanand Uttekar Mehul Kothari Ankur Lakhotia Head Technicals Technical Analyst Technical Analyst Technical Analyst Technical Analyst

For any Queries, Suggestions and Feedback kindly mail to sameet.chavan@angelbroking.com

Angel Broking Pvt. Ltd.

Registered Office: G-1, Ackruti Trade Centre, Rd. No. 7, MIDC, Andheri (E), Mumbai - 400 093. Corporate Office: 6th Floor, Ackruti Star, MIDC, Andheri (E), Mumbai - 400 093. Tel: (022) 3952 6600

Sebi Registration No: INB 010996539

www.angelbroking.com 4