Daily Technical Report

November 22, 2012

Sensex (18460) / NIFTY (5615)

Yesterday Indices opened marginally higher in-line with positive Asian bourses and strong buying interest was seen as the day progressed. The Nifty surged significantly to close well above the psychological level of 5600. Tuesdays most beaten down sector, Realty, bounced back sharply on Wednesday, along with the FMCG and Consumer Durables; whereas the Power and Auto counters remained under pressure throughout the day. The advance to decline ratio was marginally in favor of advancing counters (A=1494 D=1354) (Source www.bseindia.com).

Exhibit 1: Nifty Daily Chart

Formation
The 20-day EMA and the 20-week EMA are placed at 18565 / 5647 and 18168 / 5516 levels, respectively. The weekly RSI Smoothened is now signaling a negative crossover.

Trading strategy:
After couple of consecutive choppy sessions, finally indices have managed to move in a single direction for most of the trading session. Leaving aside the initial hour, rest of the session was dominated by the bulls. In the process, indices have managed to cross 18387 / 5593 and hence we can now confirm a 'Homing Pigeon' pattern in Sensex. Going forward, a sustainable move beyond yesterday's high of 18479 / 5620 may further push higher to test 18615 / 5662 level. On the flipside, a fall and close below the low of 18256 / 5548 would resume last Fridays negative trend.
Source: Falcon:

Actionable points:
View for the day Expected Targets Support Levels Bullish above 5620 5662 - 5690 5548 - 5515

www.angelbroking.com

Daily Technical Report

November 22, 2012

Bank Nifty Outlook - (11465)

Yesterday, Bank Nifty opened on a flat note and gained strength as the day progressed to close near days high. The Tweezer Bottom candlestick pattern mentioned in the previous report has now been confirmed as the index has managed to give a close well above the 11330 mark. We are now witnessing a positive crossover in RSI and Stochastic momentum oscillator on the daily chart. The effect of the mentioned oscillator would be seen if the index sustains above yesterdays high of 11477. In this case the index is likely to rally towards 11542 11620 levels. On the downside 11428 11395 are likely to act as support in coming trading session.

Exhibit 2: Bank Nifty Hourly Chart

Actionable points:
View for the day Expected Targets Support Levels Bullish Above 11477 11542 11620 11428 - 11395 Source: Falcon:

www.angelbroking.com

Daily Technical Report

November 22, 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 18,248 5,540 11,242 1,354 192 3,798 1,210 1,800 709 300 215 322 323 375 349 194 1,718 340 3,112 604 767 644 1,769 105 514 1,019 153 2,303 275 361 83 617 1,530 552 929 1,468 157 249 717 118 503 756 445 2,025 163 658 672 262 96 357 1,266 1,855 358 S1 18,354 5,577 11,354 1,369 196 3,859 1,223 1,809 720 304 219 325 325 382 352 198 1,727 343 3,146 611 773 654 1,788 106 519 1,032 156 2,326 281 368 86 623 1,548 557 937 1,480 159 251 723 119 510 764 450 2,043 165 663 686 264 98 361 1,274 1,894 362 PIVOT 18,416 5,599 11,415 1,382 198 3,897 1,232 1,825 727 307 224 327 329 387 354 201 1,735 346 3,179 615 777 660 1,811 107 523 1,039 157 2,345 284 375 88 627 1,558 566 944 1,492 164 252 730 121 514 769 454 2,059 166 668 695 266 100 364 1,284 1,917 365 R1 18,523 5,636 11,527 1,397 202 3,958 1,245 1,835 738 311 228 331 331 395 357 204 1,744 349 3,213 622 783 670 1,830 108 528 1,052 160 2,369 289 382 91 633 1,576 571 951 1,504 167 254 735 122 522 776 459 2,077 167 673 709 268 102 368 1,293 1,956 370 R2 18,585 5,658 11,589 1,409 204 3,996 1,254 1,851 745 314 233 333 335 400 358 207 1,752 351 3,246 626 788 675 1,852 109 531 1,060 161 2,388 293 388 93 636 1,586 580 958 1,516 171 255 743 124 526 782 463 2,092 169 678 717 270 103 370 1,303 1,979 372

www.angelbroking.com

Daily Technical Report

November 22, 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