Momentum is completely in favor of bulls but there is a pause around 8560 resistance mark; a decisive move above 8560 level may lead nifty to 8660 level, while above 8660 mark bulls are ready to cheer for higher levels of 8850/9000 in near term. Intraday or short term Traders need to watch out 8560 level closely and take aggressive long position only above 8560mark while for positional traders 8425 should be your stop loss on closing basis.

1. DAILY TECHNICAL OUTLOOK
SWASTIKA INTELLIGENCE GROUP 04th
August 2013
Visit us at: - www.swastika.co.in 0731-6688005
Bulls are holding strong grip over the market but bears have little hope in 8560-8660 congestion zone to come
back in the game.
NIFTY: 8543(+0.12%)
STRATEGY FOR TRADERS:
Momentum is completely in favor of bulls but there is a pause around 8560 resistance mark; a decisive move above
8560 level may lead nifty to 8660 level, while above 8660 mark bulls are ready to cheer for higher levels of
8850/9000 in near term. Intraday or short term Traders need to watch out 8560 level closely and take aggressive
long position only above 8560mark while for positional traders 8425 should be your stop loss on closing basis.
Daily Nifty Levels R1: 8565 R2: 8660 R3: 8700
Pivot: 8538 S1: 8490 S2: 8450 S3: 8425
CHART FORMATIONS:
 Nifty witnessed a smart recovery form 50-day SMA
and closed above both 100-day and 200-day SMA.
 Nifty has immediate resistance at horizontal line
placed at 8560mark above this next horizontal
resistance will come at 8660mark.
 Above 8660 mark bullish momentum may get pace
for higher level of 8850+.
 In downside 8425 is immediate and strong support
which coincides with 200-day SMA.
 Below 8315 mark nifty is vulnerable to correct for
lower levels of 8190.
TECHNICAL INDICATORS:
 Mechanical indicator RSI witnessed positive
crossover at 50mark but trading below resistance of
60.
 CCI has moved above centerline.

2. DAILY TECHNICAL OUTLOOK
SWASTIKA INTELLIGENCE GROUP 04th
August 2013
Visit us at: - www.swastika.co.in 0731-6688005
BANKNIFTY FUT: 18959 (+0.66%)
STRATEGY FOR TRADERS:
Banknifty is positively poised where 19100-19150 is immediate and strong resistance zone; above 19150 level
bullish momentum may get pace for higher level of 19500/20000. Traders are advised to trail your stop loss at
18800 for long position while add to long position at decisive move above 19150 mark.
DAILY PIVOT POINTS
Trading Strategy for 04th August 2015
Symbol Close R3 R2 R1 Pivot S1 S2 S3
ACC 1391.60 1436.18 1421.07 1406.33 1391.22 1376.48 1361.37 1346.63
AMBUJACEM 229.60 236.07 234.33 231.97 230.23 227.87 226.13 223.77
ASIANPAINT 877.50 898.33 893.17 885.33 880.17 872.33 867.17 859.33
AXISBANK 576.70 591.10 586.90 581.80 577.60 572.50 568.30 563.20
BAJAJ-AUTO 2504.90 2627.87 2596.23 2550.57 2518.93 2473.27 2441.63 2395.97
BANKBARODA 184.85 202.50 196.25 190.55 184.30 178.60 172.35 166.65
BHARTIARTL 418.90 427.67 425.33 422.12 419.78 416.57 414.23 411.02
BHEL 282.95 300.78 294.12 288.53 281.87 276.28 269.62 264.03
BOSCHLTD 25309.15 26379.00 25909.25 25609.20 25139.45 24839.40 24369.65 24069.60
BPCL 908.80 967.78 954.27 931.53 918.02 895.28 881.77 859.03
CAIRN 171.50 180.60 178.10 174.80 172.30 169.00 166.50 163.20
CIPLA 712.30 729.78 723.37 717.83 711.42 705.88 699.47 693.93
COALINDIA 431.70 453.75 448.10 439.90 434.25 426.05 420.40 412.20
DRREDDY 4143.90 4309.15 4236.40 4190.15 4117.40 4071.15 3998.40 3952.15
GAIL 354.20 364.23 359.87 357.03 352.67 349.83 345.47 342.63
GRASIM 3738.25 3792.17 3770.08 3754.17 3732.08 3716.17 3694.08 3678.17
HCLTECH 938.85 985.92 974.68 956.77 945.53 927.62 916.38 898.47
HDFC 1324.35 1379.53 1365.02 1344.68 1330.17 1309.83 1295.32 1274.98
HDFCBANK 1095.40 1134.83 1126.17 1110.78 1102.12 1086.73 1078.07 1062.68
HEROMOTOCO 2697.10 2858.27 2788.13 2742.62 2672.48 2626.97 2556.83 2511.32
Daily Bank Nifty Levels R1: 19110 R2: 19280 R3: 19465
Pivot: 18954 S1: 18800 S2: 18650 S3: 18540

3. DAILY TECHNICAL OUTLOOK
SWASTIKA INTELLIGENCE GROUP 04th
August 2013
Visit us at: - www.swastika.co.in 0731-6688005
HINDALCO 105.70 108.37 107.43 106.57 105.63 104.77 103.83 102.97
HINDUNILVR 909.70 939.13 931.97 920.83 913.67 902.53 895.37 884.23
ICICIBANK 312.90 326.33 320.17 316.53 310.37 306.73 300.57 296.93
IDEA 170.80 178.60 176.80 173.80 172.00 169.00 167.20 164.20
INDUSINDBK 973.85 1003.77 994.88 984.37 975.48 964.97 956.08 945.57
INFY 1078.95 1114.03 1103.02 1090.98 1079.97 1067.93 1056.92 1044.88
ITC 331.55 343.40 338.45 335.00 330.05 326.60 321.65 318.20
KOTAKBANK 690.20 719.85 712.70 701.45 694.30 683.05 675.90 664.65
LT 1779.40 1887.53 1835.77 1807.58 1755.82 1727.63 1675.87 1647.68
LUPIN 1664.00 1749.47 1730.23 1697.12 1677.88 1644.77 1625.53 1592.42
M&M 1337.90 1372.60 1363.30 1350.60 1341.30 1328.60 1319.30 1306.60
MARUTI 4427.05 4509.70 4474.35 4450.70 4415.35 4391.70 4356.35 4332.70
NMDC 101.15 104.72 103.88 102.52 101.68 100.32 99.48 98.12
NTPC 135.05 137.93 137.22 136.13 135.42 134.33 133.62 132.53
ONGC 273.65 287.53 282.52 278.08 273.07 268.63 263.62 259.18
PNB 155.05 167.08 162.92 158.98 154.82 150.88 146.72 142.78
POWERGRID 140.60 144.83 143.87 142.23 141.27 139.63 138.67 137.03
RELIANCE 1002.45 1025.52 1019.68 1011.07 1005.23 996.62 990.78 982.17
SBIN 281.05 299.17 291.08 286.07 277.98 272.97 264.88 259.87
SUNPHARMA 830.95 847.30 839.65 835.30 827.65 823.30 815.65 811.30
TATAMOTORS 388.20 406.80 400.60 394.40 388.20 382.00 375.80 369.60
TATAPOWER 69.50 71.35 70.60 70.05 69.30 68.75 68.00 67.45
TATASTEEL 247.95 256.23 253.52 250.73 248.02 245.23 242.52 239.73
TCS 2509.60 2546.87 2535.93 2522.77 2511.83 2498.67 2487.73 2474.57
TECHM 523.60 542.90 538.20 530.90 526.20 518.90 514.20 506.90
ULTRACEMCO 3163.50 3221.55 3200.60 3182.05 3161.10 3142.55 3121.60 3103.05
VEDL 126.95 133.22 131.78 129.37 127.93 125.52 124.08 121.67
WIPRO 570.40 581.43 578.67 574.53 571.77 567.63 564.87 560.73
YESBANK 833.25 858.00 849.45 841.35 832.80 824.70 816.15 808.05
ZEEL 398.70 407.47 404.83 401.77 399.13 396.07 393.43 390.37

4. DAILY TECHNICAL OUTLOOK
SWASTIKA INTELLIGENCE GROUP 04th
August 2013
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
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