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www.angelbroking.com1
Daily Technical Report
June 13, 2012
 
Sensex (16863) / NIFTY (5116)
Yesterday, markets opened marginally lower on theback of weak global cues. However, post IIP dataannouncement, indices found decent support around5020 mark and bounced sharply from the lows. As aresult, indices closed almost at the highest point of theday. On sectoral front, Realty, Banking and CapitalGoods counters rallied sharply during yesterday'ssession; whereas Health Care sector ended withnominal loss. The advance to decline ratio wasmarginally in favor of advancing counters (A=1361D=1312) (Source –www.bseindia.com).
Formation
 
The 200-day SMA (Simple Moving Average) and20-day EMA (Exponential Moving Average) havenow shifted to 16800 / 5070 and 16380 / 4967, respectively.
 
The ‘20-Week EMA’ is placed at 16830 / 5100level.
 
Indices have taken a support near 15860 / 4766 level, which is the 78.6% FibonacciRetracement level of the rise from 15135 / 4531(Low on December 23, 2011) to 18524 / 5630(High on February 22, 2012).
 
On the daily chart, indices are trading near theupper range of ‘Downward Sloping Channel’drawn by joining two highs of February 22,2012 – April 19, 2012 and low of March 7,2012.
 
The weekly ‘RSI’ momentum oscillator issignaling a positive crossover.
Trading strategy:
 We witnessed a strong upside rally during yesterday'ssession as indices bounced back sharply frommentioned hourly 20-EMA. We are now observingthat indices have closed marginally above '200-daySMA'. Hence, a sustainable move above yesterday'shigh of 16898 / 5129 would lead to a 'DownwardSloping Channel' breakout. In this case, we mayobserve enhanced buying interest among marketparticipants and provide the necessary push to meetthe target of 17400 / 5270 in the next few sessions.
Exhibit 1: Nifty Daily Chart
Source: Falcon 
Actionable points:
View Neutral
Resistance Levels 5129 – 5177Support Levels 5058 – 5015
The resistance for the day is seen at 17121 / 5177levels. On the lower side, yesterday's low of 16553 / 5015 may provide decent support for the markets.
 
 
Daily Technical Report
June 13, 2012
 
www.angelbroking.com2
Bank Nifty Outlook - (10139)
Yesterday, Bank Nifty opened on a pessimistic note,but gained momentum during the last hour of tradewhich led the index to close near the highest point ofthe day. The “Bearish Engulfing” candlestick patternmentioned in our previous report holds it significanceat this juncture since the index failed to give a closeabove 10158 level. Yesterday’s low of 9893 is now acrucial support for the index and a fall below this lowmay increase selling pressure in the Bank Nifty in thenext few sessions. On the upside, 10158 – 10230levels are likely to act as resistance and 10000 – 9893 levels are likely to act as support, for the day.
Actionable points:
View Neutral
Resistance Levels 10158 - 10230Support Levels 10000 - 9893
Exhibit 2: Bank Nifty Daily Chart
Source: Falcon 
 
 
www.angelbroking.com3
Daily Technical Report
June 13, 2012
 
Daily Pivot Levels for Nifty 50 Stocks
SCRIPS S2 S1 PIVOT R1 R2
SENSEX 16,427 16,645 16,771 16,989 17,115NIFTY 4,973 5,044 5,087 5,158 5,200BANKNIFTY 9,800 9,970 10,063 10,233 10,326ACC 1,115 1,152 1,173 1,210 1,231AMBUJACEM 145 152 156 163 167ASIANPAINT 3,741 3,812 3,856 3,927 3,971AXISBANK 1,014 1,036 1,049 1,070 1,083BAJAJ-AUTO 1,533 1,552 1,567 1,586 1,601BANKBARODA 698 714 723 738 748BHARTIARTL 298 303 307 312 315BHEL 211 215 218 222 224BPCL 705 718 727 741 750CAIRN 313 317 320 324 327CIPLA 298 301 303 306 308COALINDIA 328 332 335 339 342DLF 188 193 196 201 204DRREDDY 1,545 1,563 1,582 1,600 1,618GAIL 329 333 336 341 344GRASIM 2,280 2,331 2,360 2,411 2,440HCLTECH 467 476 481 490 495HDFC 649 654 657 662 665HDFCBANK 533 541 546 554 559HEROMOTOCO 1,929 1,960 1,987 2,018 2,046HINDALCO 117 120 122 125 126HINDUNILVR 428 430 433 435 438ICICIBANK 805 822 832 849 858IDFC 127 130 133 136 139INFY 2,376 2,417 2,443 2,485 2,511ITC 232 238 241 246 250JINDALSTEL 420 426 431 437 443JPASSOCIAT 66 68 69 70 71KOTAKBANK 566 576 583 593 599LT 1,250 1,283 1,302 1,335 1,355M&M 665 680 690 705 715MARUTI 1,084 1,114 1,134 1,164 1,183NTPC 152 155 157 160 162ONGC 251 256 260 265 268PNB 752 777 791 816 830POWERGRID 105 106 107 109 109RANBAXY 465 471 479 485 493RELIANCE 710 716 721 728 733RELINFRA 490 506 516 533 543SAIL 93 94 95 95 96SBIN 2,104 2,155 2,184 2,234 2,263SESAGOA 179 184 188 193 196SIEMENS 662 673 679 690 696STER 98 101 103 106 108SUNPHARMA 571 575 580 584 589TATAMOTORS 229 236 240 247 251TATAPOWER 93 95 96 98 99TATASTEEL 402 407 411 416 420TCS 1,209 1,228 1,241 1,260 1,273WIPRO 382 388 393 398 403
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