Technical Report
Date : 11/04/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5887
19603
ITC
1.48
JPASSOCIAT
3.87
REALTY
(2.52)
High
5927
19697
BHARTIARTL
1.37
DLF
3.61
AUTO
(1.87)
Low
5822
19388
CAIRN
0.99
RELCAPITAL
3.29
CD
(1.48)
Close
5842
19451
LT
0.86
RPOWER
3.28
PSU
(1.37)
% Chg
(0.74)
(0.71)
AXISBANK
0.81
HINDALCO
3.26
OIL&GAS
(1.33)
Source : Falcon
NIFTY DLY CHART
Considering that coming week will be a truncated one, there is high probability that we could witness trading
sessions on low volumes. On the daily chart, we are observing that indices have faced resistance at the
downward, sloping trendline joining the two significant highs of 21108 - 20664 / 6338 - 6181 levels, which is the
immediate resistance for the indices. Only a close above 19776 / 5930 levels would see an upside momentum. In
such a scenario, indices could test 20210 - 20425 / 6052 - 6120 levels. However, a Doji” candlestick formation
on the weekly chart clearly indicates indecisiveness prevailing at current levels and, hence, a consolidation or
retest of the 200-day SMA, which is at 19031 / 5713 levels, could be expected. Since the daily intermediate trend
remains up, it has Fibonacci support at 19303 - 19014 - 18781 / 5791 - 5706 - 5638 levels. We maintain our
view that any reversal near the support levels would give good opportunities to trade on the long side.
Stocks +ve Bias
Stocks -ve Bias
For Private Circulation Only.
Technical Report
PIVOTS
Stocks
Close
S2
S1
Pivot
R1
R2
SENSEX
19451.00
19204.00
19328.00
19512.00
19636.00
19821.00
NIFTY
5842.00
5759.00
5800.00
5864.00
5905.00
5969.00
ABB
805.00
780.00
792.00
803.00
815.00
826.00
ACC
1121.00
1103.00
1112.00
1122.00
1131.00
1141.00
AMBUJACEM
149.00
146.00
148.00
150.00
151.00
153.00
AXISBANK
1450.00
1423.00
1436.00
1448.00
1462.00
1474.00
BHARTIARTL
362.00
311.00
337.00
382.00
408.00
454.00
BHEL
2201.00
2153.00
2177.00
2195.00
2219.00
2236.00
BPCL
602.00
589.00
596.00
603.00
609.00
616.00
CAIRN
346.00
341.00
344.00
346.00
349.00
351.00
CIPLA
318.00
313.00
316.00
319.00
322.00
326.00
DLF
259.00
248.00
254.00
263.00
269.00
278.00
GAIL
471.00
460.00
466.00
471.00
476.00
481.00
HCLTECH
485.00
471.00
478.00
490.00
497.00
510.00
HDFC
711.00
697.00
704.00
713.00
720.00
729.00
HDFCBANK
2352.00
2321.00
2337.00
2361.00
2377.00
2401.00
HEROHONDA
1663.00
1633.00
1648.00
1670.00
1685.00
1707.00
HINDALCO
209.00
202.00
206.00
212.00
215.00
221.00
HINDUNILVR
277.00
274.00
276.00
277.00
279.00
280.00
ICICIBANK
1098.00
1075.00
1087.00
1103.00
1114.00
1130.00
IDEA
66.00
63.00
65.00
66.00
67.00
69.00
IDFC
160.00
155.00
157.00
161.00
163.00
166.00
INFOSYSTCH
3227.00
3176.00
3202.00
3233.00
3259.00
3290.00
ITC
184.00
180.00
182.00
184.00
186.00
187.00
JINDALSTEL
700.00
689.00
695.00
704.00
709.00
718.00
JPASSOCIAT
94.00
91.00
93.00
96.00
97.00
100.00
KOTAKBANK
442.00
434.00
438.00
443.00
448.00
453.00
LT
1678.00
1634.00
1656.00
1675.00
1697.00
1716.00
M&M
729.00
713.00
721.00
729.00
737.00
744.00
MARUTI
1254.00
1228.00
1241.00
1263.00
1276.00
1297.00
NTPC
184.00
179.00
182.00
185.00
187.00
190.00
ONGC
287.00
281.00
284.00
289.00
292.00
296.00
PNB
1189.00
1171.00
1180.00
1194.00
1203.00
1217.00
POWERGRID
105.00
103.00
104.00
105.00
106.00
107.00
RANBAXY
466.00
458.00
462.00
468.00
472.00
477.00
RCOM
109.00
107.00
108.00
110.00
111.00
113.00
RELCAPITAL
606.00
586.00
596.00
613.00
623.00
640.00
RELIANCE
1024.00
1002.00
1013.00
1032.00
1043.00
1062.00
RELINFRA
678.00
660.00
669.00
684.00
693.00
708.00
RPOWER
131.00
127.00
129.00
133.00
135.00
139.00
SAIL
170.00
165.00
168.00
171.00
174.00
177.00
SBIN
2778.00
2725.00
2752.00
2788.00
2815.00
2851.00
SIEMENS
892.00
884.00
888.00
894.00
898.00
904.00
STER
174.00
170.00
172.00
175.00
177.00
181.00
SUNPHARMA
442.00
436.00
439.00
443.00
446.00
449.00
SUZLON
55.00
52.00
54.00
55.00
56.00
58.00
TATAMOTORS
1253.00
1221.00
1237.00
1262.00
1279.00
1304.00
TATAPOWER
1317.00
1290.00
1304.00
1316.00
1329.00
1341.00
TATASTEEL
630.00
616.00
623.00
632.00
639.00
649.00
TCS
1196.00
1169.00
1183.00
1198.00
1212.00
1228.00
UNITECH
47.00
44.00
45.00
47.00
48.00
49.00
WIPRO
466.00
454.00
460.00
466.00
472.00
478.00
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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