Daily Technical Report

February 12, 2013

Sensex (19461) / NIFTY (5898)

The week began on a flat note as Asian markets were shut on account of the Chinese New Year. Subsequently, indices lingered in very narrow trading range of less than half a percent to eventually close marginally in the negative territory. Capital Goods, Teck and IT counters ended with minor correction whereas; Realty, Healthcare and PSU stocks were among the major gainers. The advance to decline ratio was strongly in favor of declining counters (A=938 D=1061) (Source www.bseindia.com).

Exhibit 1: Nifty Daily Chart

Formation
The 20-day EMA and the 20-week EMA are placed at 19739 / 5981 and 19190 / 5821 levels, respectively. The Nifty has broken down from the Upward Sloping Channel (as shown in the chart). The weekly RSI Smoothened is now signaling a negative crossover. The Hanging Man Japanese Candlestick pattern on the weekly chart is intact.
Source: Falcon:

Actionable points: Trading strategy:

The opening session of the week ended on a very quiet note. Nevertheless, the bias remained negative throughout the session. During the session, 19414 / 5883 level provided decent support for the market. Since, there is no major change in the price structure; we continue to mention that any sustainable move below 19414 / 5879 may trigger strong pessimism in the market. . In this scenario, we may witness a corrective move towards 19000 - 18870 / 5800 5735 levels. On the flipside, 19648 19768 / 5953 5991 levels would act as strong resistance for our benchmark indices.
View Expected Targets Resistance Levels Bearish Below 5879 5842 - 5800 5953 - 5979

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Daily Technical Report

February 12, 2013

Bank Nifty Outlook - (12333)

Yesterday, Bank Nifty opened on a flat note and traded in a narrow range throughout the session. We are now witnessing a Inside day candlestick pattern on the daily chart. The mentioned pattern is a reversal pattern but requires confirmation in the form of a close above the 12390 level. As there is no major change in the chart structure we reiterate that the primary bias remains negative but the consolidation phase which started yesterday, may continue in todays session. On the upside 12390 12475 levels are likely to act as resistance levels and 12230 12197 levels are likely to act support for the day.

Exhibit 2: Bank Nifty Daily Chart

Actionable points:
View Resistance Levels Support Levels Neutral 12390 12475 12230 12197 Source: Falcon:

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Daily Technical Report

February 12, 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 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 19,347 5,855 12,235 1,220 184 4,428 1,436 2,017 753 311 204 390 313 372 333 265 1,855 331 2,932 640 788 646 1,667 106 445 1,107 154 2,767 293 395 71 661 1,468 587 869 1,531 146 303 846 109 422 854 477 2,260 166 607 741 287 94 380 1,402 1,834 400 S1 19,404 5,877 12,284 1,239 186 4,481 1,465 2,031 759 314 206 396 314 384 336 268 1,877 333 2,985 650 794 651 1,686 109 453 1,115 156 2,780 296 400 72 666 1,479 591 876 1,545 147 306 853 111 424 861 486 2,277 169 610 745 289 96 382 1,408 1,874 405 PIVOT 19,474 5,900 12,323 1,273 189 4,528 1,482 2,047 769 317 208 400 316 390 339 271 1,893 336 3,018 662 802 656 1,705 111 458 1,125 159 2,797 300 409 73 674 1,497 594 884 1,570 148 310 863 112 428 868 493 2,295 171 615 750 291 97 386 1,419 1,899 413 R1 19,530 5,922 12,372 1,292 191 4,580 1,511 2,060 775 320 210 407 318 401 342 274 1,915 338 3,071 672 809 661 1,724 114 466 1,132 161 2,810 303 414 74 679 1,508 598 891 1,584 149 313 869 113 431 875 502 2,312 174 618 754 293 99 389 1,425 1,938 418 R2 19,600 5,945 12,410 1,325 194 4,627 1,528 2,076 784 324 212 411 320 408 345 277 1,932 341 3,105 684 817 666 1,743 116 471 1,142 165 2,827 307 423 75 687 1,526 601 899 1,609 150 317 879 114 434 882 508 2,329 176 623 759 294 100 393 1,435 1,964 426

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Daily Technical Report

February 12, 2013
Research Team Tel: 022 - 30940000 E-mail: advisory@angelbroking.com Website: www.angelbroking.com

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Research Team
Shardul Kulkarni Sameet Chavan Sacchitanand Uttekar Mehul Kothari Ankur Lakhotia Head Technicals Technical Analyst Technical Analyst Technical Analyst Technical Analyst

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