Technical Research | | | | | July 18, 2011

For Private Circulation Only | Angel Broking Ltd: BSE Sebi Regn No : INB 010996539 / CDSL Regn No: IN - DP - CDSL - 234 - 2004 / PMS Regn Code: PM/INP00000154 6 Angel Securities Ltd:BSE: INB010994639/INF010994639 NSE: INB230994635/INF230994635 Membership numbers: BSE 028/NSE:09946 1

Daily Technical Report

Sensex (18562) / NIFTY (5581)

Markets opened on a flat note and traded with extreme

choppiness throughout the trading sessions. On the sector

front, Metal, Auto and Realty were among the losers whereas

IT sector was on a gaining side. The advance decline ratio was

marginally in favor of Declining counters (A=1384 D=1472).

(Source - www.bseindia.com)

Formation

On the WWWWWeeklyeeklyeeklyeeklyeekly chart, the downward sloping trend line,

joining the two significant highs of 21109 & 20665 / 6339 &

6181, remains a major resistance for the indices. This resistance

zone lies in the range of 19000 - 19132 / 5700 - 5740

Trading strategy:

The current price action suggests that indices are trading in the

range of 19132 / 5740 on the upside and 18326 / 5496 on

the downside. Any breach on either side of the range would

dictate the direction of the trend. In the coming week if indices

cross 18810 / 5653 level, then they may test the upper band of

the range of 19132 / 5740. A weekly closing above 19132 /

5740 level would indicate a clear breakout on the upside. On

the other hand, if 18326 / 5496 level is violated, then indices

may test 17950 - 17805 / 5400 - 5350 levels.

Source: Falcon

Exhibit 1: Nifty Daily Chart

Technical Research | | | | | July 18, 2011

For Private Circulation Only | Angel Broking Ltd: BSE Sebi Regn No : INB 010996539 / CDSL Regn No: IN - DP - CDSL - 234 - 2004 / PMS Regn Code: PM/INP00000154 6 Angel Securities Ltd:BSE: INB010994639/INF010994639 NSE: INB230994635/INF230994635 Membership numbers: BSE 028/NSE:09946 2

Technical Research Team

SENSEX

NIFTY

ABB

ACC

AMBUJACEM

AXISBANK

BHARTIARTL

BHEL

BPCL

CAIRN

CIPLA

DLF

GAIL

HCLTECH

HDFC

HDFCBANK

HEROHONDA

HINDALCO

HINDUNILVR

ICICIBANK

IDEA

IDFC

INFY

ITC

JINDALSTEL

JPASSOCIAT

KOTAKBANK

LT

M&M

MARUTI

NTPC

ONGC

PNB

POWERGRID

RANBAXY

RCOM

RELCAPITAL

RELIANCE

RELINFRA

RPOWER

SAIL

SBIN

SIEMENS

STER

SUNPHARMA

SUZLON

TATAMOTORS

TATAPOWER

TATASTEEL

TCS

UNITECH

WIPRO

SCRIPS S2S2S2S2S2 S1 S1 S1 S1 S1 PIVPIVPIVPIVPIVOOOOOTTTTT R1R1R1R1R1 R2R2R2R2R2

Daily Pivot Levels For Nifty 50 Stocks

18,247 18,405 18,671 18,828 19,094

5,523 5,552 5,592 5,621 5,661

859 871 880 892 901

962 971 980 989 998

123 125 126 128 129

1,248 1,258 1,272 1,282 1,297

387 390 394 397 401

1,913 1,921 1,933 1,941 1,953

663 668 672 677 681

311 313 316 318 321

318 321 326 329 333

225 229 234 239 244

436 441 450 455 465

487 492 496 501 504

681 687 698 705 715

500 504 507 512 515

1,783 1,806 1,833 1,855 1,882

174 175 178 179 182

325 327 331 333 336

1,048 1,054 1,064 1,071 1,081

80 81 81 82 82

135 137 139 140 142

2,695 2,713 2,738 2,756 2,781

200 201 202 203 205

620 626 631 637 642

75 76 77 77 78

482 485 491 495 501

1,789 1,806 1,818 1,835 1,847

701 711 717 728 734

1,152 1,165 1,175 1,188 1,198

186 188 190 192 194

273 276 280 283 288

1,126 1,133 1,143 1,150 1,161

106 108 110 112 114

536 540 546 551 557

94 95 96 97 99

578 586 594 602 610

860 867 871 878 882

556 563 573 579 589

111 113 115 117 119

129 130 131 132 134

2,446 2,460 2,480 2,494 2,514

882 895 904 916 925

160 162 164 165 168

497 502 508 513 520

49 50 50 51 51

1,009 1,021 1,041 1,054 1,074

1,239 1,251 1,265 1,276 1,291

562 568 574 580 587

1,118 1,132 1,155 1,169 1,192

33 33 34 35 36

407 411 414 418 421

Technical Research | | | | | July 18, 2011

For Private Circulation Only | Angel Broking Ltd: BSE Sebi Regn No : INB 010996539 / CDSL Regn No: IN - DP - CDSL - 234 - 2004 / PMS Regn Code: PM/INP00000154 6 Angel Securities Ltd:BSE: INB010994639/INF010994639 NSE: INB230994635/INF230994635 Membership numbers: BSE 028/NSE:09946 3

RESEARCH TEAM

Shardul Kulkarni Head - TechnicalsMileen Vasudeo Technical AnalystSameet Chavan Technical AnalystSacchitanand Uttekar Technical AnalystMehul Kothari Technical Analyst

For any Queries, Suggestions and Feedback kindly mail to vasudeo.kamalakant@angeltrade.com

Research Team: 022-3952 6600 Website: www.angelbroking.com

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