Bears are dominating the trend for last three sessions where below 8315 level they are likely to move on driver’s seat and bulls will be on back foot till nifty tradesbelow 8450 mark.
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Daily Technical Outlook For 13th August 2015
1. DAILY TECHNICAL OUTLOOK
SWASTIKA INTELLIGENCE GROUP 13th
August 2015
Visit us at: - www.swastika.co.in 0731-6688005
Bears are dominating the trend for last three sessions where below 8315 level they are likely to move
on driver’s seat and bulls will be on back foot till nifty tradesbelow 8450 mark.
NIFTY (SPOT): 8349(-1.33%) BANKNIFTY (FUT): 18136 (-2.95%)
STRATEGY FOR TRADERS:
Trading strategy:
Symbol R3 R2 R1 Pivot S1 S2 S3
NIFTY 8470 8440 8382 8378 8315 8265 8235
BANKNIFTY FUT 18540 18400 18260 18276 18000 17800 17700
2. DAILY TECHNICAL OUTLOOK
SWASTIKA INTELLIGENCE GROUP 13th
August 2015
Visit us at: - www.swastika.co.in 0731-6688005
NIFTY: The market texture has turned in favor of bears where 8340-8310 is immediate support zone below
this nifty is vulnerable to fall towards 8190 level. Short term trend is in favor of bears but there are some
positive cues near 8340-8310 support zone that may give some pause to fall which is difficult to trade. Traders
are advised to remain short and play sell on rise strategy till nifty trades below 8450.
BANKNIFTY: Banknifty is showing extreme bearishness where 18000-17800 is an immediate support zone;
below this it may head towards 17250 level; traders are advised to remain short but stop loss should be trailed
at 18425 level.
DAILY PIVOT POINTS FOR NIFTY 50 STOCKS
Trading Strategy for 13th August 2015
Symbol Close R3 R2 R1 Pivot S1 S2 S3
ACC 1366.00 1392.08 1382.87 1374.43 1365.22 1356.78 1347.57 1339.13
AMBUJACEM 223.25 231.17 227.98 225.62 222.43 220.07 216.88 214.52
ASIANPAINT 871.35 917.40 906.45 888.90 877.95 860.40 849.45 831.90
AXISBANK 557.85 580.23 575.02 566.43 561.22 552.63 547.42 538.83
BAJAJ-AUTO 2462.20 2617.60 2582.20 2522.20 2486.80 2426.80 2391.40 2331.40
BANKBARODA 176.05 187.90 185.25 180.65 178.00 173.40 170.75 166.15
BHARTIARTL 398.70 420.23 412.97 405.83 398.57 391.43 384.17 377.03
BHEL 259.90 273.73 269.87 264.88 261.02 256.03 252.17 247.18
BOSCHLTD 25491.30 27467.53 27003.77 26247.53 25783.77 25027.53 24563.77 23807.53
BPCL 870.00 979.00 955.00 912.50 888.50 846.00 822.00 779.50
CAIRN 154.95 166.33 163.72 159.33 156.72 152.33 149.72 145.33
CIPLA 707.65 749.93 737.12 722.38 709.57 694.83 682.02 667.28
COALINDIA 371.40 422.67 408.73 390.07 376.13 357.47 343.53 324.87
DRREDDY 4275.00 4387.75 4336.80 4305.90 4254.95 4224.05 4173.10 4142.20
GAIL 338.30 346.57 344.43 341.37 339.23 336.17 334.03 330.97
GRASIM 3660.95 3875.97 3816.98 3738.97 3679.98 3601.97 3542.98 3464.97
HCLTECH 970.80 1015.60 994.60 982.70 961.70 949.80 928.80 916.90
HDFC 1261.95 1305.13 1294.82 1278.38 1268.07 1251.63 1241.32 1224.88
HDFCBANK 1070.45 1114.87 1104.88 1087.67 1077.68 1060.47 1050.48 1033.27
HEROMOTOCO 2634.80 2755.47 2726.23 2680.52 2651.28 2605.57 2576.33 2530.62
HINDALCO 95.90 108.03 105.47 100.68 98.12 93.33 90.77 85.98
HINDUNILVR 866.35 913.10 901.05 883.70 871.65 854.30 842.25 824.90
4. DAILY TECHNICAL OUTLOOK
SWASTIKA INTELLIGENCE GROUP 13th
August 2015
Visit us at: - www.swastika.co.in 0731-6688005
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Research Team Designation E-Mail ID
Santosh Meena Senior Research Analyst santosh.meena@swastika.co.in
Research Team Designation E-Mail ID
Amit Khare Senior Research Analyst amit.khare@swastika.co.in
Sandeep Choubey Technical Research Analyst sandeep.choubey@swastika.co.in
Anisha Agrawal Fundamental Research Analyst anisha.agrawal@swastika.co.in
Manish Bimal Technical Research Analyst manish.bimal@swastika.co.on
Khwaja Mansoori Technical Research Analyst Khwaja.mansoori@swastika.co.in
