Technical Report
Date : 13/12/2010
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5761
19202
ACC
8.56
BAJAJ-AUTO
2.60
CD
3.20
High
5866
19537
AMBUJACEM
6.70
BHARTIARTL
2.20
BANKEX
2.83
Low
5721
19075
AXISBANK
6.58
TATAMOTORS
1.88
OIL&GAS
2.51
Close
5857
19509
ICICIBANK
5.55
SIEMENS
1.01
METAL
1.59
% Chg
1.58
1.39
JPASSOCIAT
5.10
DLF
0.93
PSU
1.42
Source : Falcon
SENSEX DLY CHART
Markets are at crucial support levels; the prior swing low of 18955 / 5690 holds significance. Any close below this
level would confirm a lower-top lower-bottom formation both on the Weekly and Daily charts. In such a scenario,
markets are likely to test 18628 - 18478 / 5600 - 5550 levels. At present, the Weekly trend is still up and as long
as 18955 / 5690 holds, the bias would be on the positive side. Further, the Piercing candlestick formation on the
Daily charts suggests continuation of the up-side momentum that was seen on Friday. The immediate resistance
for the indices at 19537 - 19771 / 5870 - 5930 levels. Any close above 19771 / 5930 levels could lead the indices
to retest 19981 - 20131 / 6000 - 6050 levels.
Traders are advised not to go short in banking counters at current levels, as there is high probability of
trend reversal in this sector.
Stocks +ve Bias
Stocks -ve Bias
AXIS BANK
ICICI BANK
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
19509.00
18911.00
19210.00
19374.00
19673.00
19836.00
NIFTY
5857.00
5670.00
5764.00
5815.00
5908.00
5959.00
ABB
763.00
740.00
752.00
763.00
775.00
786.00
ACC
1075.00
944.00
1010.00
1049.00
1114.00
1153.00
AMBUJACEM
142.00
127.00
134.00
139.00
146.00
151.00
AXISBANK
1324.00
1219.00
1271.00
1301.00
1353.00
1383.00
BHARTIARTL
331.00
318.00
325.00
331.00
338.00
344.00
BHEL
2288.00
2105.00
2196.00
2247.00
2338.00
2389.00
BPCL
681.00
661.00
671.00
678.00
688.00
696.00
CAIRN
330.00
314.00
322.00
327.00
335.00
339.00
CIPLA
347.00
321.00
334.00
350.00
364.00
380.00
DLF
282.00
269.00
276.00
282.00
288.00
294.00
GAIL
493.00
479.00
486.00
494.00
501.00
509.00
HCLTECH
432.00
412.00
422.00
430.00
440.00
448.00
HDFC
669.00
654.00
661.00
667.00
675.00
681.00
HDFCBANK
2222.00
2146.00
2184.00
2208.00
2246.00
2270.00
HEROHONDA
1785.00
1705.00
1745.00
1770.00
1810.00
1835.00
HINDALCO
215.00
203.00
209.00
213.00
219.00
223.00
HINDUNILVR
296.00
285.00
290.00
294.00
300.00
304.00
ICICIBANK
1117.00
1011.00
1064.00
1094.00
1148.00
1178.00
IDEA
70.00
65.00
67.00
69.00
71.00
73.00
IDFC
172.00
156.00
164.00
169.00
177.00
182.00
INFOSYSTCH
3144.00
3097.00
3121.00
3141.00
3165.00
3186.00
ITC
170.00
166.00
168.00
169.00
172.00
173.00
JINDALSTEL
697.00
658.00
678.00
691.00
710.00
723.00
JPASSOCIAT
105.00
95.00
100.00
103.00
108.00
112.00
KOTAKBANK
472.00
441.00
457.00
465.00
481.00
489.00
LT
1944.00
1887.00
1915.00
1949.00
1977.00
2011.00
M&M
781.00
737.00
759.00
772.00
794.00
807.00
MARUTI
1413.00
1346.00
1380.00
1399.00
1433.00
1452.00
NTPC
192.00
183.00
188.00
191.00
196.00
200.00
ONGC
1322.00
1308.00
1315.00
1322.00
1329.00
1336.00
PNB
1199.00
1137.00
1168.00
1192.00
1223.00
1246.00
POWERGRID
96.00
94.00
95.00
96.00
97.00
98.00
RANBAXY
554.00
516.00
535.00
552.00
571.00
588.00
RCOM
126.00
116.00
121.00
125.00
130.00
134.00
RELCAPITAL
659.00
625.00
642.00
657.00
674.00
689.00
RELIANCE
1024.00
960.00
992.00
1011.00
1043.00
1062.00
RELINFRA
780.00
727.00
754.00
778.00
804.00
828.00
RPOWER
152.00
146.00
149.00
151.00
154.00
156.00
SAIL
177.00
169.00
173.00
175.00
179.00
181.00
SBIN
2732.00
2622.00
2677.00
2711.00
2766.00
2800.00
SIEMENS
764.00
736.00
750.00
769.00
784.00
803.00
STER
165.00
158.00
161.00
164.00
167.00
170.00
SUNPHARMA
449.00
427.00
438.00
448.00
460.00
470.00
SUZLON
48.00
45.00
47.00
48.00
50.00
51.00
TATAMOTORS
1248.00
1187.00
1217.00
1243.00
1273.00
1299.00
TATAPOWER
1282.00
1260.00
1271.00
1279.00
1290.00
1298.00
TATASTEEL
619.00
585.00
602.00
611.00
629.00
638.00
TCS
1075.00
1045.00
1060.00
1072.00
1087.00
1099.00
UNITECH
63.00
58.00
61.00
62.00
65.00
66.00
WIPRO
451.00
425.00
438.00
446.00
459.00
467.00
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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