Technical Report
Date : 17/01/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5752
19198
WIPRO
1.87
SAIL
6.56
REALTY
(2.77)
High
5834
19448
TATAPOWER
1.82
AXISBANK
4.69
BANKEX
(2.62)
Low
5640
18812
HCLTECH
1.14
STER
4.42
METAL
(2.44)
Close
5655
18860
RANBAXY
0.73
HDFC
4.25
AUTO
(2.31)
% Chg
(1.69)
(1.68)
DRREDDY
0.47
HDFCBANK
4.25
CG
(1.89)
Source : Falcon
SENSEX DLY CHART
The coming week is likely to roll out with negative sentiments. The immediate support for the indices is the 200-
day SMA, which is at 18674 / 5600 levels. The current price action, which has confirmed the lower top lower
bottom formation on the weekly charts coupled with the rising ADX Line (-DI > +DI) on the daily charts, suggests
high probability of breach of the 200-day SMA (18674 / 5600 levels). Any close below 18674 / 5600 levels would
intensify the selling pressure and indices may test 18500 - 17800 / 5550 to 5340 levels in next couple of weeks.
On the upside, 19450 - 19720 / 5833 - 5900 levels may act strong resistance for the week.
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
18860.00
18404.00
18632.00
19040.00
19268.00
19676.00
NIFTY
5655.00
5515.00
5585.00
5709.00
5779.00
5903.00
ABB
750.00
717.00
733.00
752.00
768.00
787.00
ACC
1004.00
961.00
983.00
1013.00
1035.00
1065.00
AMBUJACEM
128.00
122.00
125.00
130.00
132.00
137.00
AXISBANK
1202.00
1143.00
1172.00
1225.00
1254.00
1307.00
BHARTIARTL
344.00
335.00
340.00
345.00
350.00
356.00
BHEL
2195.00
2138.00
2166.00
2207.00
2235.00
2276.00
BPCL
594.00
578.00
586.00
596.00
604.00
614.00
CAIRN
336.00
329.00
332.00
338.00
342.00
348.00
CIPLA
340.00
327.00
333.00
344.00
351.00
362.00
DLF
259.00
250.00
255.00
262.00
266.00
274.00
GAIL
487.00
467.00
477.00
491.00
501.00
514.00
HCLTECH
471.00
453.00
462.00
471.00
480.00
489.00
HDFC
642.00
609.00
625.00
652.00
668.00
694.00
HDFCBANK
2050.00
1918.00
1984.00
2096.00
2162.00
2274.00
HEROHONDA
1815.00
1775.00
1795.00
1823.00
1843.00
1870.00
HINDALCO
230.00
222.00
226.00
232.00
236.00
243.00
HINDUNILVR
303.00
294.00
298.00
306.00
310.00
317.00
ICICIBANK
1009.00
974.00
992.00
1023.00
1040.00
1071.00
IDEA
68.00
66.00
67.00
68.00
69.00
70.00
IDFC
154.00
149.00
152.00
156.00
159.00
163.00
INFOSYSTCH
3204.00
3130.00
3167.00
3222.00
3260.00
3315.00
ITC
171.00
164.00
167.00
172.00
175.00
180.00
JINDALSTEL
681.00
646.00
664.00
682.00
699.00
717.00
JPASSOCIAT
93.00
89.00
91.00
95.00
97.00
100.00
KOTAKBANK
398.00
375.00
387.00
405.00
416.00
434.00
LT
1710.00
1656.00
1683.00
1721.00
1748.00
1786.00
M&M
740.00
717.00
728.00
741.00
752.00
765.00
MARUTI
1270.00
1228.00
1249.00
1284.00
1305.00
1340.00
NTPC
186.00
181.00
184.00
188.00
191.00
195.00
ONGC
1179.00
1146.00
1162.00
1189.00
1205.00
1232.00
PNB
1119.00
1084.00
1101.00
1126.00
1143.00
1167.00
POWERGRID
98.00
95.00
96.00
98.00
99.00
101.00
RANBAXY
568.00
546.00
557.00
571.00
582.00
597.00
RCOM
139.00
134.00
136.00
139.00
142.00
145.00
RELCAPITAL
613.00
583.00
598.00
615.00
631.00
648.00
RELIANCE
1002.00
978.00
990.00
1010.00
1022.00
1042.00
RELINFRA
798.00
776.00
787.00
806.00
817.00
837.00
RPOWER
147.00
143.00
145.00
148.00
150.00
153.00
SAIL
161.00
154.00
158.00
163.00
167.00
172.00
SBIN
2501.00
2430.00
2465.00
2527.00
2562.00
2623.00
SIEMENS
754.00
725.00
740.00
760.00
774.00
794.00
STER
177.00
168.00
173.00
179.00
184.00
190.00
SUNPHARMA
475.00
453.00
464.00
481.00
492.00
509.00
SUZLON
52.00
50.00
51.00
53.00
54.00
56.00
TATAMOTORS
1182.00
1140.00
1161.00
1193.00
1214.00
1246.00
TATAPOWER
1363.00
1294.00
1328.00
1358.00
1392.00
1422.00
TATASTEEL
622.00
606.00
614.00
626.00
634.00
645.00
TCS
1120.00
1100.00
1110.00
1130.00
1140.00
1160.00
UNITECH
57.00
54.00
56.00
58.00
60.00
62.00
WIPRO
463.00
444.00
454.00
461.00
470.00
478.00
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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