Technical Report
Date : 21/12/2010
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5927
19770
HEROHOND
17.92
DRREDDY
4.61
AUTO
2.30
High
5985
20006
MARUTI
2.92
AXISBANK
3.21
IT
1.73
Low
5900
19679
CIPLA
2.89
STER
2.90
TECK
0.85
Close
5947
19889
TCS
2.39
KOTAKBANK
2.86
BANKEX
(1.39)
% Chg
(0.03)
0.12
IDFC
2.23
NTPC
2.86
REALTY
(1.37)
Source : Falcon
SENSEX DLY CHART
Markets opened lower traded with negative bias in the early hour of trade but recovered from the low point of the
day to close on a flat note. As expected and mentioned, in our previous report prices have breached the
downward sloping trend line and have closed marginally above it. Hence, in the coming trading session if indices
trade convincingly above 20010 / 5985 levels then they are likely to test 20100 - 20160 / 6020 - 6040 levels. On
the downside, 19711 - 19600 / 5900 - 5870 levels may act as support for the day.
-
Stocks +ve Bias
Stocks -ve Bias
HDFC
KARNATAKA 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
19889.00
19530.00
19710.00
19858.00
20037.00
20185.00
NIFTY
5947.00
5859.00
5903.00
5944.00
5988.00
6029.00
ABB
766.00
751.00
759.00
769.00
777.00
787.00
ACC
1089.00
1037.00
1063.00
1081.00
1107.00
1125.00
AMBUJACEM
140.00
133.00
136.00
139.00
143.00
146.00
AXISBANK
1271.00
1239.00
1255.00
1283.00
1298.00
1326.00
BHARTIARTL
335.00
328.00
332.00
337.00
340.00
345.00
BHEL
2314.00
2273.00
2294.00
2316.00
2336.00
2358.00
BPCL
691.00
680.00
686.00
693.00
698.00
705.00
CAIRN
329.00
320.00
325.00
329.00
334.00
338.00
CIPLA
366.00
353.00
359.00
364.00
370.00
375.00
DLF
279.00
271.00
275.00
280.00
284.00
289.00
GAIL
508.00
493.00
500.00
507.00
514.00
521.00
HCLTECH
449.00
426.00
438.00
445.00
457.00
464.00
HDFC
692.00
670.00
681.00
692.00
703.00
713.00
HDFCBANK
2173.00
2126.00
2149.00
2175.00
2198.00
2223.00
HEROHONDA
1981.00
1689.00
1835.00
1916.00
2062.00
2143.00
HINDALCO
224.00
218.00
221.00
224.00
227.00
229.00
HINDUNILVR
295.00
288.00
291.00
294.00
298.00
300.00
ICICIBANK
1100.00
1071.00
1086.00
1102.00
1117.00
1133.00
IDEA
66.00
64.00
65.00
67.00
68.00
69.00
IDFC
175.00
166.00
171.00
174.00
178.00
181.00
INFOSYSTCH
3350.00
3210.00
3280.00
3322.00
3392.00
3434.00
ITC
167.00
164.00
166.00
167.00
168.00
170.00
JINDALSTEL
677.00
664.00
671.00
675.00
681.00
686.00
JPASSOCIAT
103.00
101.00
102.00
103.00
104.00
106.00
KOTAKBANK
450.00
428.00
439.00
459.00
470.00
490.00
LT
1978.00
1945.00
1962.00
1987.00
2003.00
2029.00
M&M
746.00
712.00
729.00
742.00
759.00
772.00
MARUTI
1415.00
1318.00
1367.00
1394.00
1443.00
1470.00
NTPC
193.00
188.00
191.00
194.00
197.00
201.00
ONGC
1304.00
1280.00
1292.00
1308.00
1320.00
1336.00
PNB
1205.00
1178.00
1192.00
1206.00
1220.00
1234.00
POWERGRID
96.00
95.00
95.00
96.00
97.00
98.00
RANBAXY
540.00
531.00
536.00
541.00
545.00
550.00
RCOM
127.00
124.00
126.00
127.00
129.00
130.00
RELCAPITAL
640.00
629.00
635.00
644.00
649.00
658.00
RELIANCE
1057.00
1033.00
1045.00
1056.00
1068.00
1080.00
RELINFRA
809.00
791.00
800.00
816.00
825.00
841.00
RPOWER
149.00
147.00
148.00
150.00
151.00
154.00
SAIL
192.00
183.00
188.00
191.00
195.00
199.00
SBIN
2700.00
2653.00
2677.00
2713.00
2737.00
2773.00
SIEMENS
779.00
754.00
766.00
775.00
788.00
797.00
STER
168.00
165.00
166.00
169.00
171.00
174.00
SUNPHARMA
443.00
433.00
438.00
446.00
451.00
458.00
SUZLON
51.00
49.00
50.00
51.00
52.00
53.00
TATAMOTORS
1351.00
1304.00
1328.00
1346.00
1369.00
1387.00
TATAPOWER
1278.00
1258.00
1268.00
1282.00
1293.00
1307.00
TATASTEEL
666.00
645.00
656.00
664.00
674.00
682.00
TCS
1167.00
1091.00
1129.00
1153.00
1191.00
1215.00
UNITECH
62.00
61.00
61.00
62.00
63.00
64.00
WIPRO
478.00
456.00
467.00
473.00
484.00
491.00
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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