Technical Report
Date : 14/03/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5456
18248
RANBAXY
2.26
BHEL
3.90
METAL
(1.91)
High
5503
18368
ONGC
1.97
RCOM
3.66
TECK
(1.61)
Low
5412
18063
BPCL
0.87
RELINFRA
3.59
IT
(1.49)
Close
5445
18174
RELIANCE
0.85
AMBUJACEM
3.12
POWER
(1.49)
% Chg
(0.89)
(0.84)
SUNPHARMA
0.78
STER
3.06
OIL&GAS
0.81
Source : Falcon
SENSEX DLY CHART
The coming week is likely to be a trend-deciding one. On the Daily chart, we are witnessing series of narrow
range body formations, which reflects indecisiveness prevailing at current levels. Broadly, 17470 / 5233 on the
downside and 18737 / 5608 on the upside would be decisive levels. Any breach of these levels on either side
would dictate the direction of the trend.
In view of the current price action, we are of the opinion that any close above 18737 / 5608 levels would confirm
the higher-top higher-bottom formation that would result in the indices crossing the 200-day SMA (18837 / 5650)
and test higher levels of 19050 - 19200 / 5700 - 5750. On the downside, 18100 - 17953 - 17741 / 5400 - 5376 -
5313 are the support levels for the indices.
The intermediate daily up-trend would reverse only below the higher low of 17470 / 5233 levels.
Stocks +ve Bias
Stocks -ve Bias
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
18174.00
17897.00
18035.00
18202.00
18341.00
18507.00
NIFTY
5445.00
5362.00
5404.00
5453.00
5495.00
5544.00
ABB
734.00
679.00
707.00
728.00
756.00
777.00
ACC
993.00
973.00
983.00
994.00
1003.00
1014.00
AMBUJACEM
126.00
123.00
124.00
127.00
128.00
130.00
AXISBANK
1266.00
1235.00
1250.00
1274.00
1289.00
1312.00
BHARTIARTL
323.00
315.00
319.00
325.00
329.00
335.00
BHEL
1969.00
1918.00
1944.00
1991.00
2017.00
2064.00
BPCL
546.00
530.00
538.00
546.00
554.00
563.00
CAIRN
341.00
334.00
338.00
340.00
344.00
346.00
CIPLA
295.00
283.00
289.00
295.00
301.00
307.00
DLF
225.00
218.00
222.00
227.00
230.00
235.00
GAIL
442.00
434.00
438.00
441.00
446.00
449.00
HCLTECH
455.00
443.00
449.00
453.00
459.00
464.00
HDFC
660.00
639.00
649.00
658.00
669.00
678.00
HDFCBANK
2186.00
2151.00
2169.00
2193.00
2211.00
2235.00
HEROHONDA
1530.00
1504.00
1517.00
1539.00
1552.00
1573.00
HINDALCO
206.00
201.00
203.00
206.00
208.00
211.00
HINDUNILVR
277.00
273.00
275.00
277.00
279.00
281.00
ICICIBANK
1007.00
986.00
996.00
1011.00
1021.00
1036.00
IDEA
61.00
59.00
60.00
61.00
61.00
62.00
IDFC
145.00
141.00
143.00
144.00
146.00
147.00
INFOSYSTCH
3054.00
3025.00
3040.00
3059.00
3074.00
3093.00
ITC
171.00
168.00
170.00
171.00
173.00
175.00
JINDALSTEL
650.00
635.00
643.00
651.00
659.00
667.00
JPASSOCIAT
82.00
79.00
81.00
83.00
84.00
86.00
KOTAKBANK
420.00
408.00
414.00
419.00
425.00
430.00
LT
1542.00
1510.00
1526.00
1549.00
1565.00
1588.00
M&M
656.00
644.00
650.00
658.00
664.00
672.00
MARUTI
1251.00
1218.00
1234.00
1256.00
1273.00
1295.00
NTPC
175.00
171.00
173.00
175.00
177.00
179.00
ONGC
282.00
269.00
276.00
280.00
287.00
292.00
PNB
1072.00
1058.00
1065.00
1072.00
1079.00
1086.00
POWERGRID
98.00
97.00
98.00
98.00
99.00
99.00
RANBAXY
460.00
444.00
452.00
457.00
464.00
469.00
RCOM
96.00
92.00
94.00
97.00
99.00
102.00
RELCAPITAL
512.00
483.00
497.00
517.00
531.00
551.00
RELIANCE
992.00
964.00
978.00
986.00
1001.00
1009.00
RELINFRA
605.00
585.00
595.00
611.00
620.00
636.00
RPOWER
123.00
120.00
121.00
124.00
126.00
128.00
SAIL
155.00
154.00
155.00
156.00
157.00
158.00
SBIN
2565.00
2530.00
2548.00
2571.00
2589.00
2612.00
SIEMENS
857.00
849.00
853.00
858.00
863.00
868.00
STER
160.00
156.00
158.00
161.00
164.00
167.00
SUNPHARMA
421.00
411.00
416.00
420.00
425.00
429.00
SUZLON
48.00
47.00
47.00
48.00
48.00
49.00
TATAMOTORS
1163.00
1116.00
1139.00
1156.00
1179.00
1196.00
TATAPOWER
1204.00
1173.00
1189.00
1201.00
1216.00
1229.00
TATASTEEL
581.00
567.00
574.00
584.00
591.00
602.00
TCS
1077.00
1042.00
1059.00
1081.00
1099.00
1120.00
UNITECH
38.00
36.00
37.00
38.00
39.00
40.00
WIPRO
449.00
440.00
445.00
451.00
455.00
461.00
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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