Technical Report
Date : 16/05/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5492
18362
DRREDDY
4.11
RCOM
0.71
FMCG
2.35
High
5605
18725
AXISBANK
3.41
HDFC
0.25
METAL
1.48
Low
5472
18281
JPASSOCIAT
3.41
SUNPHARMA
0.20
HC
1.40
Close
5545
18531
ITC
3.31
AUTO
1.35
% Chg
1.07
1.07
AMBUJACEM
3.16
CG
1.34
Source : Falcon
NIFTY DLY CHART
Markets came very close to the important support levels of 18160 / 5443, made a low of 18281 / 5470 and
bounced back to close higher at 18531 / 5545 levels. Hence, as long as the 18160 / 5443 level holds, we
maintain our view that a pullback up to 18940 - 19130 / 5680 - 5735 levels cannot be ruled out. Since, the daily
trend is down, there is high probability of selling to emerge near those levels. On the other hand, if the 18160 /
5443 level is breached on the downside, then indices may test lower levels of 17792 / 5348.
Since the Daily trend remains down, traders are advised to stay light on long positions.
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
18531.00
18068.00
18300.00
18512.00
18744.00
18956.00
NIFTY
5545.00
5408.00
5476.00
5541.00
5609.00
5673.00
ABB
863.00
846.00
855.00
864.00
872.00
881.00
ACC
997.00
966.00
982.00
993.00
1008.00
1019.00
AMBUJACEM
136.00
130.00
133.00
135.00
138.00
140.00
AXISBANK
1245.00
1187.00
1216.00
1238.00
1267.00
1289.00
BHARTIARTL
368.00
357.00
363.00
368.00
374.00
379.00
BHEL
2031.00
1979.00
2005.00
2029.00
2055.00
2078.00
BPCL
660.00
641.00
651.00
659.00
668.00
677.00
CAIRN
338.00
332.00
335.00
338.00
341.00
343.00
CIPLA
308.00
295.00
301.00
307.00
314.00
319.00
DLF
233.00
223.00
228.00
231.00
236.00
240.00
GAIL
459.00
449.00
454.00
460.00
465.00
471.00
HCLTECH
505.00
493.00
499.00
506.00
511.00
518.00
HDFC
645.00
633.00
639.00
647.00
653.00
661.00
HDFCBANK
2251.00
2191.00
2221.00
2256.00
2285.00
2320.00
HEROHONDA
1798.00
1725.00
1761.00
1787.00
1824.00
1849.00
HINDALCO
198.00
192.00
195.00
199.00
202.00
205.00
HINDUNILVR
307.00
291.00
299.00
305.00
313.00
320.00
ICICIBANK
1073.00
1020.00
1047.00
1072.00
1098.00
1123.00
IDEA
67.00
64.00
65.00
67.00
69.00
70.00
IDFC
131.00
126.00
129.00
131.00
134.00
136.00
INFOSYSTCH
2878.00
2846.00
2862.00
2887.00
2903.00
2928.00
ITC
189.00
178.00
184.00
188.00
193.00
197.00
JINDALSTEL
640.00
610.00
625.00
635.00
650.00
660.00
JPASSOCIAT
87.00
82.00
85.00
87.00
90.00
93.00
KOTAKBANK
420.00
407.00
413.00
419.00
425.00
431.00
LT
1529.00
1463.00
1496.00
1523.00
1556.00
1583.00
M&M
691.00
665.00
678.00
689.00
701.00
712.00
MARUTI
1222.00
1203.00
1213.00
1225.00
1235.00
1247.00
NTPC
175.00
171.00
173.00
175.00
177.00
179.00
ONGC
305.00
299.00
302.00
306.00
309.00
313.00
PNB
1083.00
1047.00
1065.00
1083.00
1102.00
1120.00
POWERGRID
101.00
100.00
101.00
102.00
102.00
103.00
RANBAXY
490.00
463.00
477.00
486.00
499.00
508.00
RCOM
91.00
88.00
90.00
91.00
93.00
94.00
RELCAPITAL
527.00
497.00
512.00
525.00
539.00
552.00
RELIANCE
948.00
925.00
937.00
949.00
961.00
973.00
RELINFRA
611.00
583.00
597.00
610.00
624.00
637.00
RPOWER
116.00
113.00
115.00
116.00
117.00
119.00
SAIL
155.00
151.00
153.00
155.00
157.00
158.00
SBIN
2650.00
2583.00
2617.00
2648.00
2681.00
2713.00
SIEMENS
873.00
857.00
865.00
876.00
884.00
895.00
STER
169.00
163.00
166.00
169.00
172.00
176.00
SUNPHARMA
427.00
416.00
422.00
430.00
435.00
444.00
SUZLON
53.00
50.00
51.00
52.00
54.00
55.00
TATAMOTORS
1211.00
1164.00
1187.00
1211.00
1234.00
1258.00
TATAPOWER
1230.00
1189.00
1210.00
1227.00
1248.00
1265.00
TATASTEEL
594.00
576.00
585.00
594.00
602.00
611.00
TCS
1127.00
1097.00
1112.00
1127.00
1142.00
1157.00
UNITECH
37.00
35.00
36.00
37.00
37.00
38.00
WIPRO
443.00
427.00
435.00
440.00
448.00
453.00
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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