Technical Report
Date : 22/11/2010
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
6011
19983
HEROHOND
1.18
RELINFRA
5.43
REALTY
(3.84)
High
6013
19983
BHARTIARTL
0.63
RELCAPITAL
5.31
OIL&GAS
(2.59)
Low
5864
19505
POWERGRID
0.39
HCL
4.69
METAL
(2.55)
Close
5890
19585
DRREDDY
0.23
HINDALCO
4.55
CD
(2.47)
% Chg
(1.81)
(1.73)
L&T
0.09
WIPRO
4.55
POWER
(2.08)
Source : Falcon
SENSEX DLY CHART
With the F&O derivative expiry in the coming week, we are likely to witness volatile sessions. On the Daily chart,
the upward sloping trendline joining the two significant lows of 25th May2010 (15960 / 4787) and 31st Aug 2010
(17820 / 5349) is the immediate support for the indices. The value of the trendline is round about 19465 / 5843.
However, a breach of this trendline could drag the indices lower to test 19076 / 5726 levels. As the intermediate
Weekly trend is up, there is high probability that near the support levels buying is likely to emerge. On the upside,
19982 - 20056 / 6013 - 6076 may act as resistance for the week.
Traders are advised to start accumulating quality large-and mid-cap counters in the range of
19464 -
19076 / 5845 - 5726 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
19585.00
19213.00
19399.00
19691.00
19877.00
20169.00
NIFTY
5890.00
5773.00
5832.00
5923.00
5981.00
6072.00
ABB
835.00
806.00
821.00
844.00
859.00
883.00
ACC
1019.00
989.00
1004.00
1030.00
1045.00
1071.00
AMBUJACEM
146.00
141.00
143.00
147.00
149.00
153.00
AXISBANK
1385.00
1334.00
1359.00
1395.00
1421.00
1456.00
BHARTIARTL
328.00
316.00
322.00
332.00
338.00
348.00
BHEL
2253.00
2170.00
2212.00
2272.00
2313.00
2374.00
BPCL
713.00
682.00
697.00
719.00
734.00
755.00
CAIRN
311.00
303.00
307.00
314.00
318.00
325.00
CIPLA
343.00
328.00
335.00
346.00
353.00
364.00
DLF
308.00
297.00
302.00
312.00
317.00
327.00
GAIL
490.00
482.00
486.00
491.00
495.00
499.00
HCLTECH
377.00
354.00
365.00
379.00
391.00
405.00
HDFC
695.00
682.00
688.00
698.00
705.00
715.00
HDFCBANK
2304.00
2248.00
2276.00
2320.00
2348.00
2392.00
HEROHONDA
1945.00
1870.00
1907.00
1934.00
1971.00
1998.00
HINDALCO
213.00
204.00
208.00
215.00
220.00
227.00
HINDUNILVR
299.00
293.00
296.00
300.00
303.00
308.00
ICICIBANK
1149.00
1124.00
1136.00
1153.00
1166.00
1183.00
IDEA
74.00
66.00
70.00
73.00
77.00
80.00
IDFC
185.00
179.00
182.00
186.00
189.00
193.00
INFOSYSTCH
2964.00
2909.00
2936.00
2973.00
3000.00
3036.00
ITC
171.00
168.00
169.00
171.00
173.00
175.00
JINDALSTEL
648.00
623.00
636.00
650.00
663.00
677.00
JPASSOCIAT
121.00
114.00
117.00
122.00
125.00
130.00
KOTAKBANK
462.00
443.00
452.00
467.00
476.00
490.00
LT
2049.00
2004.00
2026.00
2053.00
2075.00
2101.00
M&M
753.00
723.00
738.00
762.00
777.00
801.00
MARUTI
1405.00
1375.00
1390.00
1412.00
1427.00
1449.00
NTPC
184.00
180.00
182.00
185.00
188.00
191.00
ONGC
1264.00
1230.00
1247.00
1268.00
1285.00
1306.00
PNB
1286.00
1260.00
1273.00
1288.00
1301.00
1316.00
POWERGRID
102.00
99.00
100.00
102.00
103.00
105.00
RANBAXY
557.00
535.00
546.00
561.00
572.00
587.00
RCOM
148.00
143.00
145.00
150.00
152.00
156.00
RELCAPITAL
688.00
656.00
672.00
696.00
712.00
736.00
RELIANCE
996.00
958.00
977.00
1006.00
1026.00
1055.00
RELINFRA
946.00
898.00
922.00
961.00
985.00
1024.00
RPOWER
168.00
163.00
165.00
169.00
171.00
175.00
SAIL
187.00
182.00
185.00
188.00
190.00
193.00
SBIN
2991.00
2918.00
2955.00
3011.00
3048.00
3104.00
SIEMENS
790.00
757.00
774.00
793.00
810.00
829.00
STER
176.00
170.00
173.00
177.00
180.00
185.00
SUNPHARMA
2215.00
2136.00
2176.00
2241.00
2281.00
2346.00
SUZLON
52.00
50.00
51.00
52.00
53.00
55.00
TATAMOTORS
1189.00
1136.00
1162.00
1204.00
1230.00
1272.00
TATAPOWER
1312.00
1284.00
1298.00
1314.00
1328.00
1344.00
TATASTEEL
606.00
587.00
597.00
611.00
620.00
634.00
TCS
1015.00
980.00
998.00
1023.00
1041.00
1066.00
UNITECH
68.00
64.00
66.00
68.00
70.00
73.00
WIPRO
401.00
383.00
392.00
406.00
415.00
430.00
For Private Circulation Only.
Technical Report
RESEARCH TEAM
Shardul Kulkarni
Head - Technicals
Brijesh Ail
Technical Analyst
Mileen Vasudeo
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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