Daily Technical Report

July 19 , 2013

Exhibit 1: Nifty Daily Chart

Sensex (20128) / NIFTY (6038)

Yesterday, our benchmark indices opened tad higher considering mixed cues from other Asian bourses. For the most part of the session, we witnessed a range bound movement; but during the latter half, indices managed to move beyond early morning high and eventually closed at the highest point of the day. All sectors ended in the positive territory. Previously underperforming sectors like, the Realty, Banking and Consumer Durables led yesterdays rally. The Advance to Decline ratio was in favor of advancing counters. (A=1184 D=1137) (Sourcewww.bseindia.com )

Formation
The 89-day EMA and the 89-week EMA are placed at 19407 / 5866 and 18568 / 5616 levels respectively. The 20-day EMA and the 20-week EMA are placed at 19577 / 5893 and 19460 / 5882, respectively. The weekly RSI and Stochastic oscillators are positively poised. The 61.8% and 78.60% Fibonacci retracement levels of the fall from 20444 / 6229 to 18467/ 5566 are placed at 19689 / 5976 and 20021 / 6088, respectively. The daily chart depicts a Bullish Pennant pattern breakout.
Source: Falcon:

Actionable points:
View Expected Target Bullish above 6051 6088 5974 5926

Support Levels

Trading strategy:
Yesterday, during the first half, our benchmark indices slipped into a consolidation mode. Considering the hourly chart, it is clearly seen that indices found a decent support near 20 EMA placed at 19915 / 5971. A sharp up move towards the fag end of the session pushed indices substantially higher and in the process, indices managed to break Mondays high of 20073 / 6038. We continue to maintain our stance that indices are likely to test the near term target of 20200 / 6088 or even may move beyond it. On the flipside, 19778 19649 / 5926 5910 is now likely to act as a strong support band for our market.

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Daily Technical Report

July 19, 2013

Bank Nifty Outlook - (11188)

Yesterday, the Bank Nifty opened nearly half a percent higher considering positive opening of our benchmark indices. However, as per the general previous trend, index experienced a strong selling pressure in the first half. As a result, the Bank Nifty initially corrected nearly 2% lower from its opening price. However, post midsession, the Banking heavyweight, Axis Bank, posted a stellar set of 1QFY2014 numbers. As a result, the stock price surged nearly 6% from the days low. This had a rub off effect on other banking counters, which eventually pulled the Bank Nifty substantially higher from the low. Going forward, Wednesdays low of 10829 would now act as a key support for Bank Nifty. On the higher side, any move beyond previous high of 11264 would push the index higher to test 11460 11589 levels.

Exhibit 2: Bank Nifty Daily Chart

Actionable points:

View Expected targets Support Level

Bullish above 11264 11460 11589 10829

Source: Falcon:

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Daily Technical Report

July 19, 2013

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 INDUSINDBK INFY ITC JINDALSTEL JPASSOCIAT KOTAKBANK LT LUPIN M&M MARUTI NMDC NTPC ONGC PNB POWERGRID RANBAXY RELIANCE RELINFRA SBIN SESAGOA SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL TCS ULTRACEMCO S2 19,866 5,945 10,688 1,255 201 4,927 1,125 1,865 534 311 179 337 291 402 283 164 2,298 315 2,735 841 807 645 1,661 101 642 938 123 447 2,707 361 209 48 659 960 862 848 1,387 101 143 296 606 110 326 905 353 1,775 144 1,098 278 90 237 1,617 1,899 S1 19,997 5,991 10,938 1,265 206 5,070 1,182 1,881 550 317 184 340 298 408 287 168 2,319 320 2,770 850 818 665 1,696 103 665 961 125 456 2,754 365 213 49 685 973 876 861 1,417 103 145 305 622 110 331 911 369 1,800 147 1,108 282 92 241 1,639 1,912 PIVOT 20,087 6,021 11,087 1,279 209 5,149 1,215 1,900 561 321 187 344 301 412 291 170 2,333 323 2,790 864 826 677 1,721 104 692 976 127 463 2,786 368 217 51 705 981 891 876 1,436 105 147 311 631 111 335 915 380 1,815 150 1,120 285 93 243 1,666 1,925 R1 20,218 6,068 11,337 1,289 215 5,293 1,271 1,916 577 328 193 347 308 418 295 173 2,354 328 2,825 873 838 696 1,756 106 715 1,000 130 472 2,833 372 220 52 732 993 905 889 1,465 107 148 320 647 112 340 922 396 1,840 152 1,131 290 94 247 1,687 1,938 R2 20,308 6,098 11,487 1,303 218 5,372 1,304 1,935 587 331 196 350 312 422 298 176 2,368 332 2,845 888 846 708 1,781 107 742 1,015 131 479 2,864 376 225 53 751 1,001 919 904 1,485 108 150 326 656 112 344 926 407 1,855 155 1,143 293 95 249 1,714 1,952

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Daily Technical Report

July 19, 2013
Research Team Tel: 022 - 30940000 E-mail: sameet.chavan@angelbroking.com Website: www.angelbroking.com

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