Technical Report
Date : 04/01/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
6177
20622
SESAGOA
3.79
BAJAJ-AUTO
4.29
METAL
2.07
High
6179
20665
TATASTEEL
3.42
WIPRO
1.63
CD
1.54
Low
6147
20531
SAIL
3.15
NTPC
1.07
PSU
0.59
Close
6158
20561
STER
2.95
SUZLON
0.82
BANKEX
0.56
% Chg
0.38
0.25
JPASSOCIAT
2.74
TCS
0.66
IT
(0.11)
Source : Falcon
SENSEX DLY CHART
Markets opened with an upside gap and traded in a narrow range throughout the trading session. Looking at
today’s small candlestick body, we expect indices to trade in a narrow range of 20665 - 20531 / 6179 - 6147
levels in coming trading session. Also, we are expecting a stock specific action in coming trading session. If
indices trade convincingly below 20531 / 6147 level then they are likely to test 20412 / 6103 level. On the upside,
if indices trade above 20665 / 6179 level then next resistance level is at 20719 / 6192.
Stocks +ve Bias
Stocks -ve Bias
NEYVELI LIGNITE
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
20561.00
20452.00
20506.00
20586.00
20640.00
20719.00
NIFTY
6158.00
6130.00
6144.00
6161.00
6175.00
6192.00
ABB
811.00
789.00
800.00
807.00
818.00
825.00
ACC
1074.00
1055.00
1065.00
1075.00
1084.00
1094.00
AMBUJACEM
143.00
140.00
141.00
144.00
145.00
147.00
AXISBANK
1368.00
1331.00
1349.00
1361.00
1379.00
1390.00
BHARTIARTL
359.00
349.00
354.00
360.00
365.00
370.00
BHEL
2344.00
2286.00
2315.00
2332.00
2361.00
2378.00
BPCL
660.00
648.00
654.00
662.00
668.00
676.00
CAIRN
336.00
332.00
334.00
335.00
337.00
338.00
CIPLA
373.00
363.00
368.00
372.00
377.00
381.00
DLF
296.00
291.00
293.00
296.00
298.00
301.00
GAIL
515.00
509.00
512.00
515.00
518.00
521.00
HCLTECH
454.00
446.00
450.00
455.00
459.00
464.00
HDFC
728.00
716.00
722.00
730.00
736.00
744.00
HDFCBANK
2391.00
2331.00
2361.00
2380.00
2410.00
2429.00
HEROHONDA
1987.00
1927.00
1957.00
1988.00
2018.00
2050.00
HINDALCO
246.00
243.00
244.00
247.00
249.00
251.00
HINDUNILVR
313.00
307.00
310.00
313.00
316.00
319.00
ICICIBANK
1145.00
1128.00
1136.00
1147.00
1156.00
1167.00
IDEA
71.00
69.00
70.00
71.00
72.00
73.00
IDFC
182.00
179.00
181.00
183.00
185.00
187.00
INFOSYSTCH
3458.00
3410.00
3434.00
3452.00
3476.00
3494.00
ITC
175.00
173.00
174.00
175.00
176.00
177.00
JINDALSTEL
718.00
708.00
713.00
718.00
723.00
728.00
JPASSOCIAT
109.00
106.00
107.00
108.00
110.00
111.00
KOTAKBANK
457.00
454.00
455.00
458.00
459.00
462.00
LT
1981.00
1958.00
1969.00
1981.00
1993.00
2005.00
M&M
788.00
774.00
781.00
791.00
798.00
809.00
MARUTI
1426.00
1400.00
1413.00
1432.00
1445.00
1463.00
NTPC
198.00
195.00
197.00
200.00
201.00
204.00
ONGC
1293.00
1282.00
1287.00
1296.00
1301.00
1310.00
PNB
1223.00
1210.00
1216.00
1227.00
1233.00
1244.00
POWERGRID
98.00
97.00
98.00
98.00
99.00
99.00
RANBAXY
601.00
593.00
597.00
601.00
605.00
609.00
RCOM
148.00
145.00
147.00
148.00
150.00
152.00
RELCAPITAL
683.00
664.00
673.00
680.00
690.00
697.00
RELIANCE
1056.00
1044.00
1050.00
1058.00
1064.00
1072.00
RELINFRA
862.00
834.00
848.00
862.00
877.00
891.00
RPOWER
159.00
157.00
158.00
159.00
161.00
162.00
SAIL
188.00
182.00
185.00
187.00
190.00
192.00
SBIN
2822.00
2793.00
2808.00
2830.00
2844.00
2867.00
SIEMENS
830.00
815.00
823.00
828.00
835.00
840.00
STER
192.00
185.00
189.00
191.00
195.00
198.00
SUNPHARMA
487.00
479.00
483.00
489.00
493.00
499.00
SUZLON
54.00
53.00
54.00
55.00
55.00
56.00
TATAMOTORS
1308.00
1281.00
1295.00
1315.00
1329.00
1349.00
TATAPOWER
1375.00
1360.00
1367.00
1376.00
1383.00
1392.00
TATASTEEL
704.00
676.00
690.00
699.00
713.00
721.00
TCS
1158.00
1141.00
1149.00
1163.00
1172.00
1186.00
UNITECH
67.00
64.00
65.00
66.00
68.00
69.00
WIPRO
483.00
473.00
478.00
487.00
492.00
502.00
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
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.