Technical Report
Date : 04/04/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5835
19463
RELCAPITAL
5.36
PNB
2.79
REALTY
2.60
High
5860
19563
IDFC
3.95
HCLTECH
2.44
METAL
1.15
Low
5810
19382
RCOM
3.76
NTPC
2.25
POWER
0.93
Close
5826
19420
JPASOCIAT
3.13
SBIN
1.57
CG
0.84
% Chg
(0.13)
(0.13)
POWERGRID
3.09
KOTAKBANK
1.50
BANKEX
(0.83)
Source : Falcon
SENSEX DLY CHART
Broadly, after a sharp rally for consecutive eight trading sessions indices have faced resistance near january12,
2011 high of 19575 / 5872 and have formed two consecutive “Spinning Tops”. This candlestick pattern on the
daily chart indicates that the prior trend is losing momentum and, hence, a consolidation or minor pullback of the
previous gains cannot be ruled out. On the downside, indices have support at 19154 - 18894 - 18683 / 5748 -
5671 - 5548 levels. However, the weekly trend remains up and any move beyond 19576 / 5873 would lead the
indices to test 19900 - 20217 / 5920 - 6060 levels.
Traders are advised not to form long positions at current levels, as Risk Reward would not be favorable.
However, a Pullback, if any, and a reversal near the support levels would give good opportunities to trade on the
long side.
Stocks +ve Bias
Stocks -ve Bias
DCHL
BHEL
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
19420.00
19275.00
19348.00
19455.00
19528.00
19635.00
NIFTY
5826.00
5782.00
5804.00
5832.00
5854.00
5882.00
ABB
785.00
767.00
776.00
786.00
796.00
806.00
ACC
1092.00
1059.00
1075.00
1087.00
1103.00
1115.00
AMBUJACEM
147.00
144.00
145.00
147.00
148.00
150.00
AXISBANK
1408.00
1363.00
1385.00
1401.00
1424.00
1440.00
BHARTIARTL
355.00
349.00
352.00
356.00
359.00
364.00
BHEL
2128.00
2035.00
2082.00
2108.00
2154.00
2181.00
BPCL
606.00
592.00
599.00
604.00
611.00
616.00
CAIRN
354.00
348.00
351.00
353.00
357.00
359.00
CIPLA
320.00
312.00
316.00
321.00
325.00
330.00
GAIL
464.00
451.00
457.00
464.00
471.00
478.00
DLF
272.00
265.00
268.00
271.00
275.00
278.00
HCLTECH
467.00
456.00
462.00
469.00
475.00
482.00
HDFC
708.00
691.00
699.00
705.00
714.00
719.00
HDFCBANK
2334.00
2299.00
2316.00
2341.00
2358.00
2383.00
HEROHONDA
1603.00
1568.00
1585.00
1610.00
1628.00
1653.00
HINDALCO
214.00
207.00
211.00
213.00
216.00
218.00
HINDUNILVR
284.00
277.00
281.00
285.00
289.00
293.00
ICICIBANK
1103.00
1082.00
1092.00
1106.00
1116.00
1130.00
IDEA
68.00
67.00
67.00
68.00
68.00
69.00
IDFC
160.00
151.00
155.00
158.00
163.00
166.00
INFOSYSTCH
3218.00
3179.00
3199.00
3227.00
3247.00
3276.00
ITC
183.00
179.00
181.00
183.00
185.00
187.00
JINDALSTEL
701.00
691.00
696.00
700.00
704.00
708.00
JPASSOCIAT
95.00
90.00
93.00
95.00
97.00
99.00
KOTAKBANK
451.00
440.00
445.00
454.00
459.00
468.00
LT
1647.00
1621.00
1634.00
1655.00
1668.00
1689.00
M&M
711.00
689.00
700.00
708.00
719.00
727.00
MARUTI
1271.00
1231.00
1251.00
1272.00
1292.00
1312.00
NTPC
189.00
185.00
187.00
190.00
192.00
195.00
ONGC
293.00
287.00
290.00
293.00
296.00
299.00
PNB
1180.00
1151.00
1165.00
1191.00
1205.00
1231.00
POWERGRID
105.00
100.00
102.00
104.00
106.00
108.00
RANBAXY
451.00
437.00
444.00
451.00
458.00
465.00
RCOM
112.00
108.00
110.00
111.00
113.00
115.00
RELCAPITAL
614.00
577.00
595.00
606.00
625.00
635.00
RELIANCE
1036.00
1010.00
1023.00
1044.00
1058.00
1079.00
RELINFRA
695.00
679.00
687.00
699.00
707.00
718.00
RPOWER
133.00
130.00
132.00
133.00
135.00
136.00
SAIL
170.00
167.00
169.00
170.00
172.00
173.00
SBIN
2720.00
2664.00
2692.00
2733.00
2761.00
2802.00
SIEMENS
883.00
873.00
878.00
881.00
886.00
889.00
STER
174.00
171.00
172.00
174.00
175.00
176.00
SUNPHARMA
445.00
439.00
442.00
444.00
448.00
450.00
SUZLON
49.00
43.00
46.00
47.00
50.00
52.00
TATAMOTORS
1242.00
1226.00
1234.00
1242.00
1250.00
1258.00
TATAPOWER
1317.00
1295.00
1306.00
1323.00
1334.00
1351.00
TATASTEEL
627.00
616.00
621.00
626.00
631.00
635.00
TCS
1180.00
1158.00
1169.00
1184.00
1195.00
1210.00
UNITECH
42.00
40.00
41.00
41.00
43.00
43.00
WIPRO
476.00
466.00
471.00
475.00
480.00
485.00
For Private Circulation Only.
Technical Report
RESEARCH TEAM
Shardul Kulkarni
Head - Technicals
Mileen Vasudeo
Technical Analyst
Sameet Chavan
Technical Analyst
Sacchitanand Uttekar
Technical Analyst
Mehul Kothari
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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