Technical Report
Date : 21/02/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5558
18564
HINDUNILVR
2.21
RELCAPITAL
6.83
REALTY
(4.04)
High
5599
18691
JINDALSTEL
1.63
RCOM
6.65
AUTO
(2.39)
Low
5442
18160
BHEL
0.96
SUZLON
5.75
OIL&GAS
(2.09)
Close
5459
18212
CIPLA
0.69
RPOWER
5.30
CG
(1.97)
% Chg
(1.58)
(1.60)
DRREDDY
0.61
JPASSOCIAT
5.21
CD
(1.84)
Source : Falcon
SENSEX DLY CHART
After a sharp bounce, indices have faced resistance near to the 200-day SMA of 18776 / 5636. On the daily
chart, we are observing a Bearish Engulfing candlestick pattern. Any close below 18159 / 5441 levels would
activate the bearish implication of the candlestick pattern. As a result, the indices could test 18157 - 17993 /
5438 - 5388 levels (Fibonacci retracement levels). In case of further downside, the upward gap area (17752 to
17857 / 5319 to 5340) formed during the bounce is a crucial support for the market. On the upside, the high
(18690 / 5599) of the candlestick pattern mentioned above is the resistance in the near term. Any move beyond
this level would only negate the bearish pattern.At present, any reversal from the support levels mentioned would
be the first sign of higher-bottom on the indices. A higher-top higher- bottom cycle, defining a sustainable
uptrend, would be confirmed ONLY above 18690 / 5599 levels.
Stocks +ve Bias
Stocks -ve Bias
TCS
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
18212.00
17823.00
18017.00
18354.00
18548.00
18885.00
NIFTY
5459.00
5343.00
5401.00
5500.00
5558.00
5657.00
ABB
664.00
646.00
655.00
666.00
675.00
686.00
ACC
984.00
951.00
968.00
998.00
1014.00
1045.00
AMBUJACEM
124.00
120.00
122.00
126.00
128.00
131.00
AXISBANK
1297.00
1258.00
1277.00
1309.00
1329.00
1361.00
BHARTIARTL
331.00
320.00
326.00
334.00
339.00
347.00
BHEL
2096.00
2046.00
2071.00
2103.00
2128.00
2160.00
BPCL
592.00
573.00
583.00
599.00
608.00
625.00
CAIRN
316.00
311.00
314.00
318.00
320.00
324.00
CIPLA
307.00
302.00
305.00
308.00
311.00
315.00
DLF
233.00
225.00
229.00
235.00
239.00
246.00
GAIL
443.00
430.00
437.00
446.00
453.00
462.00
HCLTECH
458.00
441.00
449.00
460.00
468.00
478.00
HDFC
644.00
624.00
634.00
649.00
659.00
674.00
HDFCBANK
2176.00
2117.00
2147.00
2195.00
2224.00
2273.00
HEROHONDA
1465.00
1413.00
1439.00
1481.00
1507.00
1549.00
HINDALCO
210.00
203.00
206.00
212.00
215.00
221.00
HINDUNILVR
279.00
269.00
274.00
278.00
284.00
288.00
ICICIBANK
1026.00
990.00
1008.00
1041.00
1059.00
1091.00
IDEA
64.00
58.00
61.00
63.00
66.00
68.00
IDFC
143.00
136.00
140.00
145.00
149.00
154.00
INFOSYSTCH
3100.00
3056.00
3078.00
3111.00
3134.00
3167.00
ITC
156.00
152.00
154.00
157.00
159.00
162.00
JINDALSTEL
679.00
648.00
664.00
680.00
696.00
712.00
JPASSOCIAT
85.00
80.00
82.00
87.00
90.00
94.00
KOTAKBANK
409.00
397.00
403.00
412.00
417.00
426.00
LT
1639.00
1573.00
1606.00
1665.00
1699.00
1758.00
M&M
650.00
626.00
638.00
658.00
670.00
690.00
MARUTI
1229.00
1206.00
1217.00
1237.00
1248.00
1268.00
NTPC
179.00
175.00
177.00
179.00
181.00
184.00
ONGC
268.00
259.00
264.00
272.00
276.00
284.00
PNB
1095.00
1063.00
1079.00
1103.00
1119.00
1143.00
POWERGRID
98.00
96.00
97.00
98.00
99.00
100.00
RANBAXY
505.00
490.00
498.00
509.00
516.00
527.00
RCOM
93.00
85.00
89.00
95.00
99.00
105.00
RELCAPITAL
445.00
393.00
419.00
452.00
478.00
512.00
RELIANCE
936.00
913.00
924.00
944.00
955.00
975.00
RELINFRA
604.00
540.00
572.00
609.00
641.00
678.00
RPOWER
114.00
105.00
109.00
116.00
120.00
126.00
SAIL
160.00
153.00
157.00
163.00
166.00
172.00
SBIN
2761.00
2697.00
2729.00
2772.00
2804.00
2847.00
SIEMENS
845.00
835.00
840.00
845.00
850.00
855.00
STER
160.00
156.00
158.00
162.00
164.00
169.00
SUNPHARMA
426.00
419.00
423.00
426.00
430.00
433.00
SUZLON
48.00
45.00
46.00
49.00
50.00
52.00
TATAMOTORS
1206.00
1165.00
1185.00
1222.00
1242.00
1278.00
TATAPOWER
1265.00
1238.00
1252.00
1274.00
1287.00
1310.00
TATASTEEL
638.00
617.00
628.00
645.00
655.00
672.00
TCS
1090.00
1051.00
1070.00
1101.00
1121.00
1152.00
UNITECH
34.00
32.00
33.00
35.00
36.00
38.00
WIPRO
433.00
423.00
428.00
435.00
440.00
447.00
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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