Technical Report
Date : 03/01/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
6105
20413
RCOM
5.09
JINDALSTEL
1.37
REALTY
2.40
High
6147
20552
RELINFRA
4.28
STER
1.17
BANKEX
1.40
Low
6104
20413
BAJAJ-AUTO
3.59
DRREDDY
1.07
AUTO
0.93
Close
6135
20509
JPASSOCIAT
2.96
HCLTECH
0.97
CD
0.72
% Chg
0.54
0.59
IDFC
2.61
NTPC
0.62
POWER
0.69
Source : Falcon
SENSEX DLY CHART
The coming week is likely to roll out with positive sentiment. On the Daily chart, confirmation of the higher-top
higher-bottom formation along with a pattern that resembles a double bottom formation suggests that the indices
are likely to test higher levels. The projected target for the double bottom formation is around 21000 / 6300 levels
.We maintain our view that the indices are likely to test 20890 - 21000 / 6250 - 6300 levels in the next couple of
weeks. On the downside, 20200 - 20000 / 6050 - 5980 levels may act as a support for the week.
Traders holding balance 50% position in Nifty Future can trail their stop loss to 5985 levels
Stocks +ve Bias
Stocks -ve Bias
IDBI
SBI
The stocks mentioned above are given considering the general direction of the trend expected over a period of 2 or
3 days. Investors / Traders are expected to use their own discretion while taking any action related to the stock.
For Private Circulation Only.
Technical Report
PIVOTS
Stocks
Close
S2
S1
Pivot
R1
R2
SENSEX
20509.00
20281.00
20395.00
20474.00
20588.00
20666.00
NIFTY
6135.00
6059.00
6097.00
6122.00
6160.00
6185.00
ABB
796.00
762.00
779.00
790.00
808.00
819.00
ACC
1076.00
1043.00
1059.00
1072.00
1089.00
1102.00
AMBUJACEM
143.00
141.00
142.00
143.00
144.00
146.00
AXISBANK
1350.00
1321.00
1335.00
1347.00
1361.00
1373.00
BHARTIARTL
359.00
349.00
354.00
357.00
362.00
365.00
BHEL
2338.00
2291.00
2314.00
2339.00
2362.00
2387.00
BPCL
659.00
649.00
654.00
660.00
665.00
671.00
CAIRN
333.00
328.00
331.00
333.00
336.00
339.00
CIPLA
369.00
366.00
367.00
370.00
371.00
373.00
DLF
292.00
284.00
288.00
292.00
295.00
299.00
GAIL
511.00
504.00
507.00
511.00
514.00
517.00
HCLTECH
459.00
452.00
456.00
458.00
461.00
464.00
HDFC
728.00
711.00
720.00
727.00
736.00
743.00
HDFCBANK
2306.00
2248.00
2277.00
2321.00
2350.00
2394.00
HEROHONDA
1994.00
1946.00
1970.00
1992.00
2016.00
2039.00
HINDALCO
247.00
241.00
244.00
246.00
249.00
251.00
HINDUNILVR
313.00
304.00
308.00
312.00
317.00
320.00
ICICIBANK
1145.00
1130.00
1137.00
1143.00
1151.00
1156.00
IDEA
70.00
67.00
68.00
69.00
70.00
71.00
IDFC
183.00
175.00
179.00
181.00
185.00
187.00
INFOSYSTCH
3443.00
3387.00
3415.00
3433.00
3461.00
3479.00
ITC
175.00
172.00
173.00
175.00
176.00
177.00
JINDALSTEL
712.00
697.00
704.00
717.00
724.00
736.00
JPASSOCIAT
106.00
103.00
104.00
106.00
107.00
108.00
KOTAKBANK
445.00
437.00
441.00
449.00
453.00
461.00
LT
1979.00
1958.00
1969.00
1986.00
1997.00
2014.00
M&M
778.00
769.00
773.00
779.00
784.00
790.00
MARUTI
1420.00
1406.00
1413.00
1422.00
1429.00
1437.00
NTPC
202.00
199.00
200.00
201.00
203.00
204.00
ONGC
1288.00
1273.00
1281.00
1292.00
1299.00
1310.00
PNB
1222.00
1202.00
1212.00
1224.00
1234.00
1246.00
POWERGRID
98.00
96.00
97.00
98.00
99.00
100.00
RANBAXY
599.00
581.00
590.00
595.00
604.00
609.00
RCOM
145.00
137.00
141.00
144.00
148.00
150.00
RELCAPITAL
668.00
653.00
661.00
667.00
674.00
680.00
RELIANCE
1059.00
1046.00
1052.00
1059.00
1066.00
1073.00
RELINFRA
843.00
800.00
822.00
835.00
857.00
870.00
RPOWER
158.00
152.00
155.00
157.00
160.00
163.00
SAIL
183.00
179.00
181.00
182.00
184.00
186.00
SBIN
2812.00
2723.00
2767.00
2797.00
2842.00
2872.00
SIEMENS
820.00
797.00
809.00
819.00
830.00
840.00
STER
187.00
184.00
185.00
187.00
188.00
190.00
SUNPHARMA
482.00
473.00
478.00
484.00
488.00
494.00
SUZLON
55.00
53.00
54.00
55.00
55.00
56.00
TATAMOTORS
1308.00
1287.00
1298.00
1307.00
1318.00
1327.00
TATAPOWER
1365.00
1348.00
1357.00
1370.00
1378.00
1391.00
TATASTEEL
680.00
667.00
674.00
679.00
686.00
691.00
TCS
1166.00
1151.00
1158.00
1169.00
1177.00
1187.00
UNITECH
65.00
63.00
64.00
65.00
66.00
68.00
WIPRO
491.00
483.00
487.00
490.00
495.00
498.00
For Private Circulation Only.
Technical Report
RESEARCH TEAM
Shardul Kulkarni
Head - Technicals
Mileen Vasudeo
Technical Analyst
Sameet Chavan
Technical Analyst
For any Queries, Suggestions and Feedback kindly mail to [email protected]
Research Team: 022-3952 6600
Website: www.angelbroking.com
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