There is a decent fight between bulls and bears in 8625-8670 resistance area but bulls are holding strong grip over market where above 8670 level, they are likely to cheer for higher levels

1. DAILY TECHNICAL OUTLOOK
SWASTIKA INTELLIGENCE GROUP 23rd
July 2015
Visit us at: - www.swastika.co.in 0731-6688005
There is a decent fight between bulls and bears in 8625-8670 resistance area but bulls are holding strong grip
over market where above 8670 level, they are likely to cheer for higher levels.
NIFTY: 8633(+1.22%)
STRATEGY FOR TRADERS:
Yesterday’s session conclude that momentum is completely in favor of bulls where every is dip is a buying
opportunity but still 8670 is a strong resistance; hence traders are advised to keep eye on 8670mark and trail stop
loss at 8560mark, while above 8670 they are advised to add more long position for immediate target of 8800mark,
for contra short position 8680 should be your strict stop loss.
Daily Nifty Levels R1: 8668 R2: 8719 R3: 8742
Pivot: 8592 S1: 8590 S2: 8558 S3: 8510
CHART FORMATIONS:
 On a small correction nifty found support at
upsloping trednline placed around 8480mark and
witnessed a bullish engulfing candlestick formation.
 8670 is immediate and critical resistance which is
61.8% retracement of correction from 9119-7940
level.
 Above 8670 nifty may head towards higher levels as
on weekly chart there was breakout of bullish flag
formation where around 8800 nifty has an
intermediate resistance.
 Nifty has strong support zone of moving averages in
8450-8390 band as 100-day and 200-day moving
average placed at 8440/8400 respectively.
TECHNICAL INDICATORS:
 Mechanical Indicator RSI is pulled back above 60
mark whereas CCI is respecting line of level 100.

2. DAILY TECHNICAL OUTLOOK
SWASTIKA INTELLIGENCE GROUP 23rd
July 2015
Visit us at: - www.swastika.co.in 0731-6688005
DAILY PIVOT POINTS
Trading Strategy for 23rd July 2015
Symbol Close R3 R2 R1 Pivot S1 S2 S3
ACC 1437.20 1474.80 1461.40 1449.30 1435.90 1423.80 1410.40 1398.30
AMBUJACEM 246.55 257.88 252.62 249.58 244.32 241.28 236.02 232.98
ASIANPAINT 843.30 877.20 861.10 852.20 836.10 827.20 811.10 802.20
AXISBANK 589.85 610.40 601.95 595.90 587.45 581.40 572.95 566.90
BAJAJ-AUTO 2618.90 2728.60 2678.30 2648.60 2598.30 2568.60 2518.30 2488.60
BANKBARODA 152.70 160.13 156.77 154.73 151.37 149.33 145.97 143.93
BHARTIARTL 439.40 457.05 452.90 446.15 442.00 435.25 431.10 424.35
BHEL 284.95 293.67 290.28 287.62 284.23 281.57 278.18 275.52
BOSCHLTD 23862.85 24585.55 24255.85 24059.35 23729.65 23533.15 23203.45 23006.95
BPCL 972.05 1013.17 995.58 983.82 966.23 954.47 936.88 925.12
CAIRN 166.95 195.17 185.38 176.17 166.38 157.17 147.38 138.17
CIPLA 674.60 698.40 689.20 681.90 672.70 665.40 656.20 648.90
COALINDIA 432.35 442.65 438.15 435.25 430.75 427.85 423.35 420.45
DRREDDY 3847.75 3953.52 3925.78 3886.77 3859.03 3820.02 3792.28 3753.27
GAIL 369.25 384.72 378.28 373.77 367.33 362.82 356.38 351.87
GRASIM 3738.35 3863.15 3806.85 3772.60 3716.30 3682.05 3625.75 3591.50
HCLTECH 983.05 1008.88 997.42 990.23 978.77 971.58 960.12 952.93
HDFC 1345.75 1409.28 1379.62 1362.68 1333.02 1316.08 1286.42 1269.48
HDFCBANK 1114.40 1153.15 1135.10 1124.75 1106.70 1096.35 1078.30 1067.95
HEROMOTOCO 2711.00 2780.03 2749.97 2730.48 2700.42 2680.93 2650.87 2631.38
HINDALCO 107.70 112.57 110.73 109.22 107.38 105.87 104.03 102.52
HINDUNILVR 920.50 963.80 943.40 931.95 911.55 900.10 879.70 868.25
ICICIBANK 316.80 327.63 322.67 319.73 314.77 311.83 306.87 303.93
IDEA 179.00 193.93 189.97 184.48 180.52 175.03 171.07 165.58
INDUSINDBK 956.90 993.93 976.97 966.93 949.97 939.93 922.97 912.93
INFY 1103.15 1153.23 1132.62 1117.88 1097.27 1082.53 1061.92 1047.18
ITC 314.50 325.32 321.63 318.07 314.38 310.82 307.13 303.57
KOTAKBANK 728.65 751.93 742.82 735.73 726.62 719.53 710.42 703.33
LT 1854.45 1908.23 1888.12 1871.28 1851.17 1834.33 1814.22 1797.38
LUPIN 1823.95 1979.13 1945.32 1884.63 1850.82 1790.13 1756.32 1695.63
M&M 1342.25 1418.17 1384.08 1363.17 1329.08 1308.17 1274.08 1253.17
MARUTI 4191.15 4280.43 4239.72 4215.43 4174.72 4150.43 4109.72 4085.43

3. DAILY TECHNICAL OUTLOOK
SWASTIKA INTELLIGENCE GROUP 23rd
July 2015
Visit us at: - www.swastika.co.in 0731-6688005
NMDC 114.50 118.75 117.30 115.90 114.45 113.05 111.60 110.20
NTPC 137.55 140.92 139.38 138.47 136.93 136.02 134.48 133.57
ONGC 284.85 294.48 291.22 288.03 284.77 281.58 278.32 275.13
PNB 139.05 145.40 142.75 140.90 138.25 136.40 133.75 131.90
POWERGRID 142.80 148.88 146.07 144.43 141.62 139.98 137.17 135.53
RELIANCE 1050.40 1117.38 1085.67 1068.03 1036.32 1018.68 986.97 969.33
SBIN 268.55 278.83 274.12 271.33 266.62 263.83 259.12 256.33
SUNPHARMA 834.55 873.82 855.38 844.97 826.53 816.12 797.68 787.27
TATAMOTORS 389.55 399.77 396.28 392.92 389.43 386.07 382.58 379.22
TATAPOWER 73.00 76.07 74.83 73.92 72.68 71.77 70.53 69.62
TATASTEEL 280.40 297.00 289.00 284.70 276.70 272.40 264.40 260.10
TCS 2528.05 2605.63 2587.32 2557.68 2539.37 2509.73 2491.42 2461.78
TECHM 510.15 532.25 522.85 516.50 507.10 500.75 491.35 485.00
ULTRACEMCO 3258.15 3363.30 3315.65 3286.90 3239.25 3210.50 3162.85 3134.10
VEDL 136.10 146.27 141.83 138.97 134.53 131.67 127.23 124.37
WIPRO 584.60 602.73 595.67 590.13 583.07 577.53 570.47 564.93
YESBANK 823.10 855.43 840.17 831.63 816.37 807.83 792.57 784.03
ZEEL 407.25 435.83 422.02 414.63 400.82 393.43 379.62 372.23
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
Sayyam Neema Technical Research Analyst sayyam.neema@swastika.co.in
Manish Bimal Technical Research Analyst manish.bimal@swastika.co.on
Khwaja Mansoori Technical Research Analyst Khwaja.mansoori@swastika.co.in

4. DAILY TECHNICAL OUTLOOK
SWASTIKA INTELLIGENCE GROUP 23rd
July 2015
Visit us at: - www.swastika.co.in 0731-6688005
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