Technical Report
Date : 28/02/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5321
17775
IDFC
6.13
RCOM
5.31
FMCG
2.20
High
5338
17812
TATAMOTOR
4.79
RELINFRA
3.65
BANKEX
1.86
Low
5233
17470
AXISBANK
4.22
M&M
2.65
AUTO
0.75
Close
5304
17701
ICICIBANK
4.06
STER
2.33
IT
(0.72)
% Chg
0.78
0.39
ITC
3.55
HINDALCO
2.22
CG
(0.49)
Source : Falcon
SENSEX DLY CHART
In view of the Bullish Harami along with a Hammer formation on the daily charts, we expect the markets to trade
with positive bias in the coming week. Any close above 17813 / 5338 levels would activate the bullish implication
of the pattern. On the upside, immediate resistance for the indices is at the downward gap area of 18136 - 18150
/ 5423 - 5427. Any close beyond this level could result in the indices to test further resistance of 18450 - 18691 /
5500 - 5600 levels.Broadly, the prior impulse, which started from 15960 to 21108 / 4786 to 6339 on the weekly
chart, has retraced almost Fibonacci 78.6%. At present markets are holding on to this support level. Thus, the
low 17295 / 5177 hold significance. The downward trend will reverse ONLY if indices close above 18690 / 5600
levels. On the flip side, if the prior low 17295 / 5177 is breached, then selling may intensify and indices may test
17061 - 16650 / 5118 - 4994 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
17701.00
17319.00
17510.00
17661.00
17852.00
18004.00
NIFTY
5304.00
5186.00
5245.00
5292.00
5350.00
5397.00
ABB
680.00
651.00
666.00
677.00
692.00
703.00
ACC
994.00
963.00
978.00
992.00
1007.00
1020.00
AMBUJACEM
124.00
120.00
122.00
124.00
126.00
127.00
AXISBANK
1233.00
1173.00
1203.00
1223.00
1253.00
1274.00
BHARTIARTL
330.00
321.00
325.00
329.00
334.00
337.00
BHEL
1973.00
1922.00
1948.00
1986.00
2012.00
2050.00
BPCL
539.00
518.00
528.00
541.00
552.00
565.00
CAIRN
330.00
322.00
326.00
330.00
334.00
338.00
CIPLA
302.00
295.00
298.00
303.00
306.00
311.00
DLF
213.00
204.00
208.00
213.00
218.00
222.00
GAIL
438.00
425.00
431.00
437.00
443.00
449.00
HCLTECH
446.00
429.00
437.00
443.00
452.00
457.00
HDFC
624.00
602.00
613.00
622.00
633.00
642.00
HDFCBANK
2042.00
1980.00
2011.00
2049.00
2080.00
2118.00
HEROHONDA
1501.00
1427.00
1464.00
1488.00
1525.00
1549.00
HINDALCO
200.00
187.00
193.00
201.00
208.00
216.00
HINDUNILVR
280.00
268.00
274.00
278.00
284.00
288.00
ICICIBANK
986.00
953.00
969.00
983.00
1000.00
1013.00
IDEA
58.00
56.00
57.00
59.00
60.00
61.00
IDFC
138.00
129.00
133.00
136.00
141.00
144.00
INFOSYSTCH
3007.00
2929.00
2968.00
3005.00
3045.00
3082.00
ITC
156.00
150.00
153.00
155.00
158.00
160.00
JINDALSTEL
646.00
604.00
625.00
639.00
660.00
674.00
JPASSOCIAT
80.00
75.00
77.00
79.00
82.00
83.00
KOTAKBANK
404.00
380.00
392.00
401.00
413.00
422.00
LT
1514.00
1448.00
1481.00
1513.00
1547.00
1579.00
M&M
595.00
563.00
579.00
603.00
619.00
643.00
MARUTI
1169.00
1127.00
1148.00
1165.00
1186.00
1204.00
NTPC
170.00
165.00
168.00
171.00
173.00
176.00
ONGC
262.00
255.00
259.00
264.00
267.00
272.00
PNB
1062.00
1005.00
1033.00
1054.00
1082.00
1103.00
POWERGRID
99.00
95.00
97.00
99.00
101.00
102.00
RANBAXY
449.00
436.00
443.00
448.00
455.00
460.00
RCOM
87.00
80.00
84.00
89.00
93.00
98.00
RELCAPITAL
454.00
422.00
438.00
449.00
466.00
477.00
RELIANCE
966.00
940.00
953.00
968.00
981.00
995.00
RELINFRA
638.00
583.00
610.00
645.00
672.00
707.00
RPOWER
109.00
102.00
106.00
110.00
113.00
117.00
SAIL
154.00
150.00
152.00
154.00
156.00
158.00
SBIN
2583.00
2493.00
2538.00
2579.00
2624.00
2665.00
SIEMENS
839.00
832.00
836.00
841.00
845.00
850.00
STER
159.00
154.00
157.00
161.00
163.00
167.00
SUNPHARMA
418.00
405.00
411.00
416.00
422.00
427.00
SUZLON
46.00
44.00
45.00
46.00
47.00
48.00
TATAMOTORS
1111.00
1050.00
1081.00
1103.00
1133.00
1155.00
TATAPOWER
1173.00
1133.00
1153.00
1172.00
1192.00
1211.00
TATASTEEL
607.00
583.00
595.00
603.00
615.00
623.00
TCS
1110.00
1076.00
1093.00
1105.00
1122.00
1134.00
UNITECH
33.00
29.00
31.00
33.00
35.00
38.00
WIPRO
433.00
418.00
426.00
431.00
438.00
443.00
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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