Daily Technical Report

October 03, 2012

Sensex (18824) / NIFTY (5719)

As expected, our benchmark indices opened on a flat note in-line with other Asian bourses. Subsequently, indices traded with a positive bias throughout the day and closed above the 5700 mark. Mondays up move was mainly led by the IT, Teck, Capital Goods and Auto counters; whereas Oil & Gas and Banking sectors ended with very nominal loss. Overall market volumes remained lower but the advance to decline ratio was strongly in favor of advancing counters (A=1810 D=1101) (Source www.bseindia.com).

Exhibit 1: Nifty Daily Chart

Formation
The 20-day EMA and the 20-week EMA are placed at 18265 / 5535 and 17625 / 5340 levels, respectively. The monthly RSI oscillator is moving higher from the 50 mark and the ADX (9) indicator is now signaling a positive crossover. The weekly chart depicts a Narrow Range body formation.
Source: Falcon:

Trading strategy:
Although, indices have ended with very nominal gains, individual stocks in the mid-cap universe have performed extremely well during Mondays session. The underlying bias remains unchanged and we reiterate our view that going forward, only a sustainable move above 19132 / 5741 would attract strong buying interest in the market. As a result, indices may rally towards their next targets of 19542 19812 / 5850 5945 and even the possibility of testing 6000 (Nifty) cannot be ruled out. The key support for the market is seen at 18552 / 5638 level. We continue to advise that traders should target stock specific moves and trade with strict stop losses.

Actionable points:
View Resistance Levels Support Levels Neutral 5741 5630 - 5580

www.angelbroking.com

Daily Technical Report

October 03, 2012

Bank Nifty Outlook - (11420)

On Monday, Bank Nifty opened on a flat note and traded in a narrow range throughout the session in line with our benchmark indices. During the day, the index hovered around the hourly 20 EMA but has closed marginally below it. We reiterate our view that due to the overbought condition of momentum oscillators on the daily chart the index is likely to consolidate in the range of 11320 11537. Only a sustainable move outside the said range will dictate a clear direction of the trend. In the mentioned range 11490 11518 levels are likely to act as resistance and 11366 11320 levels are likely to act as support in coming trading session.

Exhibit 2: Bank Nifty Daily Chart

Actionable points:
View Resistance Levels Support Levels Neutral 11490 - 11518 11366 - 11320 Source: Falcon:

www.angelbroking.com

Daily Technical Report

October 03, 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 M&M MARUTI NTPC ONGC PNB POWERGRID RANBAXY RELIANCE RELINFRA SAIL SBIN SESAGOA SIEMENS STER SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL TCS WIPRO S2 18,709 5,683 11,318 1,427 199 3,873 1,113 1,783 769 260 245 348 326 372 353 222 1,628 377 3,227 568 762 613 1,853 117 539 1,038 149 2,522 269 416 81 633 1,570 851 1,328 166 273 818 118 524 822 522 84 2,225 169 699 97 681 265 104 389 1,285 373 S1 18,767 5,701 11,369 1,442 204 3,906 1,122 1,797 777 263 248 350 327 376 355 225 1,637 380 3,310 574 765 618 1,867 120 541 1,044 152 2,566 271 426 83 639 1,589 858 1,343 168 276 825 119 532 828 538 85 2,247 171 704 99 687 270 105 394 1,294 378 PIVOT 18,803 5,712 11,418 1,464 208 3,933 1,130 1,819 790 265 250 352 330 381 358 230 1,647 384 3,360 579 770 625 1,886 122 544 1,053 154 2,593 273 434 85 646 1,599 865 1,363 169 278 835 120 537 835 547 87 2,263 173 709 100 695 273 106 398 1,302 382 R1 18,860 5,730 11,469 1,479 213 3,966 1,139 1,833 798 268 254 354 331 385 361 234 1,656 386 3,443 586 773 630 1,900 125 546 1,059 157 2,637 275 444 87 652 1,617 871 1,378 172 280 842 121 545 841 562 88 2,286 175 714 102 701 278 107 403 1,311 387 R2 18,896 5,741 11,517 1,501 217 3,993 1,147 1,855 811 270 256 356 333 390 364 239 1,666 390 3,493 590 777 637 1,919 126 548 1,067 159 2,664 277 451 89 658 1,628 878 1,398 173 283 851 122 550 848 571 89 2,302 177 718 103 709 281 108 408 1,319 391

www.angelbroking.com

Daily Technical Report

October 03, 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