Technical Research | July 22, 2011

Daily Technical Report

Sensex (18436) / NIFTY (5542)
Markets opened on a flat note in-line with global cues and traded with a negative bias to close marginally below its support level of 18470 / 5550 level. On the sector front, Consumer Durables, Realty, Banking and Oil & Gas were among the major losers. The advance decline ratio was in favor of declining counters (A=1193 D=1642). (Source - www.bseindia.com)

Exhibit 1: Sensex Daily Chart

Formation
No major formation is seen on the chart

Trading strategy:
We witnessed a lackluster movement throughout the trading session but a selling pressure was seen in some of the index heavyweights (Reliance Industries, Kotak Mahindra bank, Reliance Communication) which dragged indices lower to close marginally below its downside support level of 18470 / 5550. If Indices breach today's low of 18415 / 5532 then they are likely to test 18326 -18223 / 5496 - 5468 level. On the upside, if 18567 / 5580 level may act as resistance for the day.

Source: Falcon

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

Technical Research | July 22, 2011

Daily Pivot Levels For Nifty 50 Stocks

SCRIPS
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 S2 18,321 5,505 845 964 125 1,215 390 1,903 653 314 310 235 450 487 686 488 1,703 174 329 1,027 77 134 2,715 203 621 73 461 1,769 690 1,136 179 273 1,123 106 526 86 577 846 562 111 127 2,424 903 164 493 49 953 1,263 568 1,113 34 389 S1 18,379 5,523 862 971 126 1,227 392 1,921 657 317 313 238 454 495 692 492 1,744 176 331 1,034 78 135 2,742 205 625 74 469 1,779 696 1,146 181 275 1,132 107 530 88 582 854 567 112 128 2,440 916 165 499 51 965 1,273 571 1,118 35 395 PIVO PIVOT 18,473 5,551 871 978 127 1,245 395 1,938 662 319 315 242 457 501 697 499 1,771 177 334 1,044 79 138 2,763 206 629 75 481 1,797 703 1,158 184 277 1,145 108 533 92 590 865 572 114 130 2,459 926 166 503 52 975 1,286 574 1,125 36 399 R1 18,530 5,569 889 985 127 1,257 398 1,955 666 323 318 245 461 510 704 503 1,813 179 336 1,051 81 140 2,789 208 633 76 488 1,807 710 1,168 186 279 1,154 109 536 94 594 872 577 114 131 2,475 939 167 509 54 987 1,297 577 1,130 36 405 R2 18,624 5,597 898 992 129 1,274 400 1,972 670 325 321 249 464 516 709 509 1,840 180 339 1,061 82 142 2,811 210 638 77 500 1,825 717 1,180 188 281 1,167 111 540 97 602 883 582 116 133 2,495 948 168 513 55 997 1,309 581 1,137 37 409

Technical Research Team

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

Technical Research | July 22, 2011 Technical Report

RESEARCH TEAM
Shardul Kulkarni Mileen Vasudeo Sameet Chavan Sacchitanand Uttekar Mehul Kothari Head - Technicals Technical Analyst Technical Analyst Technical Analyst Technical Analyst

For any Queries, Suggestions and Feedback kindly mail to sameet.chavan@angeltrade.com Research Team: 022-3094 0000 Website: www.angelbroking.com

DISCLAIMER: This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions. Opinion expressed is our current opinion as of the date appearing on this material only. While we endeavor 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. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. 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 and are for general guidance only. While every effort is made to ensure the accuracy and completeness of information contained, the company takes no guarantee and assumes no liability for any errors or omissions of the information. No one can use the information as the basis for any claim, demand or cause of action. Recipients of this material should rely on their own investigations and take their own professional advice. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of 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. Price and value of the investments referred to in this material may go up or down. Past performance is not a guide for future performance. Certain transactions - futures, options and other derivatives as well as non-investment grade securities - involve substantial risks and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a stock's price movement 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. We do not undertake to advise you as to any change of our views expressed in this document. While we would endeavor to update the information herein on a reasonable basis, Angel Broking, its subsidiaries and associated companies, their directors and employees are under no obligation to update or keep the information current. Also there may be regulatory, compliance, or other reasons that may prevent Angel Broking and affiliates from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Angel Broking Limited and affiliates, including the analyst who has issued this report, may, on the date of this report, and from time to time, have long or short positions in, and buy or sell the securities of the companies mentioned herein or engage in any other transaction involving such securities and earn brokerage or compensation or act as advisor or have other potential conflict of interest with respect to company/ies mentioned herein or inconsistent with any recommendation and related information and opinions. Angel Broking Limited and 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.

Sebi Registration No : INB 010996539

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