Technical Report
Date : 24/12/2010
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
6006
20039
SUNPHARMA
6.18
SAIL
4.71
CD
(1.11)
High
6006
20076
SESAGOA
1.66
HINDALCO
1.85
METAL
(0.97)
Low
5965
19939
NTPC
1.66
TATASTEEL
1.62
REALTY
(0.89)
Close
5980
19983
HCLTECH
1.43
KOTAKBANK
1.56
HC
0.69
% Chg
(0.70)
(0.16)
INFOSYSTEC
1.13
AMBUJACEM
1.50
IT
0.27
Source : Falcon
SENSEX DLY CHART
Markets opened on a subdued note, traded with choppiness in a narrow range to close in red. On the daily chart,
for two consecutive trading sessions we are witnessing narrow range body formation where prices have managed
to close above the 5 days EMA. In coming trading session, if indices trade convincingly above 20076 / 6010 level
then they are likely to test 20084 - 20217 / 6030 - 6070 level in coming trading session. On the downside, 19711
- 19600 / 5960 - 5900 levels may act as supports for the day.
-
Stocks +ve Bias
Stocks -ve Bias
BHARTIARTL
BAJAJ HINDUSTAN
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
19983.00
19863.00
19923.00
19999.00
20060.00
20136.00
NIFTY
5980.00
5942.00
5961.00
5984.00
6003.00
6026.00
ABB
803.00
768.00
785.00
798.00
816.00
828.00
ACC
1074.00
1056.00
1065.00
1079.00
1088.00
1101.00
AMBUJACEM
140.00
137.00
138.00
139.00
141.00
142.00
AXISBANK
1314.00
1302.00
1308.00
1316.00
1321.00
1329.00
BHARTIARTL
343.00
336.00
340.00
344.00
347.00
352.00
BHEL
2324.00
2277.00
2301.00
2319.00
2342.00
2361.00
BPCL
696.00
676.00
686.00
694.00
704.00
712.00
CAIRN
332.00
325.00
328.00
331.00
334.00
337.00
CIPLA
362.00
355.00
358.00
361.00
365.00
368.00
DLF
282.00
276.00
279.00
284.00
287.00
292.00
GAIL
509.00
500.00
505.00
509.00
513.00
518.00
HCLTECH
458.00
446.00
452.00
455.00
461.00
464.00
HDFC
698.00
691.00
694.00
700.00
703.00
708.00
HDFCBANK
2191.00
2160.00
2175.00
2190.00
2205.00
2220.00
HEROHONDA
1940.00
1909.00
1925.00
1932.00
1948.00
1955.00
HINDALCO
238.00
231.00
234.00
237.00
240.00
243.00
HINDUNILVR
294.00
288.00
291.00
293.00
296.00
298.00
ICICIBANK
1130.00
1114.00
1122.00
1131.00
1139.00
1148.00
IDEA
69.00
66.00
68.00
69.00
70.00
71.00
IDFC
178.00
175.00
176.00
178.00
180.00
181.00
INFOSYSTCH
3368.00
3314.00
3341.00
3356.00
3384.00
3399.00
ITC
167.00
165.00
166.00
167.00
168.00
169.00
JINDALSTEL
700.00
686.00
693.00
697.00
705.00
709.00
JPASSOCIAT
102.00
101.00
101.00
103.00
103.00
105.00
KOTAKBANK
449.00
442.00
445.00
451.00
454.00
460.00
LT
1935.00
1902.00
1918.00
1944.00
1961.00
1986.00
M&M
751.00
734.00
743.00
753.00
761.00
771.00
MARUTI
1394.00
1378.00
1386.00
1393.00
1401.00
1408.00
NTPC
196.00
191.00
193.00
195.00
197.00
198.00
ONGC
1300.00
1282.00
1291.00
1301.00
1311.00
1321.00
PNB
1203.00
1182.00
1193.00
1201.00
1211.00
1219.00
POWERGRID
98.00
97.00
97.00
98.00
98.00
99.00
RANBAXY
571.00
557.00
564.00
572.00
579.00
588.00
RCOM
128.00
127.00
128.00
129.00
129.00
131.00
RELCAPITAL
637.00
627.00
632.00
637.00
642.00
647.00
RELIANCE
1059.00
1044.00
1052.00
1058.00
1066.00
1072.00
RELINFRA
789.00
776.00
782.00
791.00
797.00
805.00
RPOWER
148.00
147.00
147.00
149.00
150.00
151.00
SAIL
186.00
178.00
182.00
189.00
193.00
200.00
SBIN
2746.00
2717.00
2732.00
2750.00
2764.00
2783.00
SIEMENS
778.00
771.00
774.00
779.00
783.00
788.00
STER
180.00
178.00
179.00
180.00
181.00
183.00
SUNPHARMA
453.00
420.00
437.00
447.00
464.00
474.00
SUZLON
49.00
48.00
49.00
49.00
50.00
50.00
TATAMOTORS
1353.00
1316.00
1334.00
1354.00
1373.00
1393.00
TATAPOWER
1290.00
1275.00
1282.00
1293.00
1301.00
1311.00
TATASTEEL
661.00
648.00
654.00
666.00
673.00
685.00
TCS
1140.00
1116.00
1128.00
1144.00
1156.00
1171.00
UNITECH
63.00
62.00
62.00
63.00
64.00
65.00
WIPRO
480.00
471.00
475.00
481.00
485.00
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
DISCLAIMER: This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or
redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions.
Opinion expressed is our current opinion as of the date appearing on this material only. While we endeavor to update on a reasonable basis the
information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Prospective investors and
others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Our proprietary trading and
investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be
true and are for general guidance only. While every effort is made to ensure the accuracy and completeness of information contained, the company
takes no guarantee and assumes no liability for any errors or omissions of the information. No one can use the information as the basis for any claim,
demand or cause of action.
Recipients of this material should rely on their own investigations and take their own professional advice. Each recipient of this document should make
such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this
document (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment. Price
and value of the investments referred to in this material may go up or down. Past performance is not a guide for future performance. Certain
transactions - futures, options and other derivatives as well as non-investment grade securities - involve substantial risks and are not suitable for all
investors. Reports based on technical analysis centers on studying charts of a stock's price movement and trading volume, as opposed to focusing on a
company's fundamentals and as such, may not match with a report on a company's fundamentals.
We do not undertake to advise you as to any change of our views expressed in this document. While we would endeavor to update the information
herein on a reasonable basis, Angel Broking, its subsidiaries and associated companies, their directors and employees are under no obligation to
update or keep the information current. Also there may be regulatory, compliance, or other reasons that may prevent Angel Broking and affiliates from
doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without
notice.
Angel Broking Limited and affiliates, including the analyst who has issued this report, may, on the date of this report, and from time to time, have long or
short positions in, and buy or sell the securities of the companies mentioned herein or engage in any other transaction involving such securities and earn
brokerage or compensation or act as advisor or have other potential conflict of interest with respect to company/ies mentioned herein or inconsistent
with any recommendation and related information and opinions.
Angel Broking Limited and affiliates may seek to provide or have engaged in providing corporate finance, investment banking or other advisory services
in a merger or specific transaction to the companies referred to in this report, as on the date of this report or in the past.
Sebi Registration No : INB 010996539
For Private Circulation Only.