Tech report 15.06.2010
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The key points from the document are: 1. Indian stock markets opened on a positive note and gained strength throughout the day, closing near the high of the day with the Nifty up 1.53% and Sensex up 1.6%. 2. Certain sectors like IT and metal performed well, gaining over 3% and 1.7% respectively, while top gainers included RPower, RelCapital and Infosys. 3. The document provides analysis that the indices have confirmed a bullish pattern and further upside is likely in coming days if levels of 17351/5201 are sustained. Support levels of 17063-16974/5111-5083 are also mentioned.
Tech report 15.06.2010
- 1. Date : 15/06/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 5120 17119 RPOWER 6.88 BHARTIARTL 1.79 IT 3.69 High 5201 17351 RELCAPITAL 6.31 IDEA 1.47 TECK 2.76 Low 5120 17119 INFOSYS 4.53 BHEL 0.61 OIL&GAS 1.87 Close 5198 17338 BPCL 4.33 TATAMOTORS 0.51 METAL 1.72 % Chg 1.53 1.60 WIPRO 4.26 HEROHONDA 0.28 FMCG 1.28 Source : Falcon SENSEX DLY CHART Markets opened on a positive note and momentum on the upside intensified as the day progressed to close near days high. As mentioned in the previous report the indices have closed above 17150 / 5150 levels on the daily charts, and have confirmed a bullish “Inverse Head and shoulder” pattern breakout. This suggests further upside in coming trading sessions. On the upside, if indices trade convincingly above 17351 / 5201 levels then it is likely to test 17500 – 17670 / 5250 -5300 levels. On the downside 17063 – 16974 / 5111 – 5083 levels may act as support for the day. Stocks +ve Bias Stocks -ve Bias TCS JINDAL SAW 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.
- 2. PIVOTS Stocks Close S2 S1 Pivot R1 R2 SENSEX 17338.00 17037.00 17188.00 17269.00 17420.00 17502.00 NIFTY 5198.00 5092.00 5145.00 5173.00 5226.00 5254.00 ABB 861.00 851.00 856.00 860.00 865.00 869.00 ACC 863.00 848.00 855.00 862.00 869.00 875.00 AMBUJACEM 115.00 114.00 115.00 115.00 116.00 117.00 AXISBANK 1257.00 1231.00 1244.00 1253.00 1266.00 1275.00 BHARTIARTL 269.00 258.00 264.00 271.00 276.00 283.00 BHEL 2380.00 2346.00 2363.00 2385.00 2402.00 2424.00 BPCL 563.00 534.00 549.00 558.00 572.00 581.00 CAIRN 305.00 300.00 302.00 304.00 307.00 308.00 CIPLA 340.00 333.00 337.00 339.00 343.00 345.00 DLF 264.00 257.00 261.00 263.00 267.00 270.00 GAIL 462.00 454.00 458.00 461.00 465.00 468.00 HCLTECH 381.00 365.00 373.00 378.00 386.00 391.00 HDFC 2837.00 2795.00 2816.00 2832.00 2853.00 2868.00 HDFCBANK 1973.00 1936.00 1955.00 1965.00 1983.00 1994.00 HEROHONDA 2009.00 1977.00 1993.00 2011.00 2027.00 2045.00 HINDALCO 143.00 138.00 141.00 142.00 145.00 146.00 HINDUNILVR 255.00 248.00 252.00 255.00 259.00 263.00 ICICIBANK 854.00 836.00 845.00 852.00 861.00 868.00 IDEA 54.00 52.00 53.00 54.00 55.00 56.00 IDFC 165.00 162.00 163.00 165.00 166.00 168.00 INFOSYSTCH 2746.00 2610.00 2678.00 2718.00 2787.00 2827.00 ITC 286.00 280.00 283.00 285.00 288.00 290.00 JINDALSTEL 649.00 585.00 617.00 634.00 666.00 684.00 JPASSOCIAT 123.00 119.00 121.00 123.00 125.00 127.00 KOTAKBANK 770.00 754.00 762.00 767.00 775.00 780.00 LT 1704.00 1667.00 1685.00 1698.00 1716.00 1728.00 M&M 616.00 596.00 606.00 612.00 622.00 628.00 MARUTI 1355.00 1332.00 1344.00 1355.00 1367.00 1378.00 NTPC 200.00 196.00 198.00 200.00 202.00 204.00 ONGC 1197.00 1161.00 1179.00 1192.00 1210.00 1223.00 PNB 1050.00 1021.00 1035.00 1046.00 1060.00 1071.00 POWERGRID 103.00 101.00 102.00 103.00 104.00 104.00 RANBAXY 439.00 431.00 435.00 438.00 442.00 445.00 RCOM 179.00 170.00 175.00 177.00 182.00 184.00 RELCAPITAL 723.00 672.00 697.00 711.00 736.00 750.00 RELIANCE 1064.00 1040.00 1052.00 1061.00 1073.00 1082.00 RELINFRA 1161.00 1098.00 1129.00 1147.00 1178.00 1196.00 RPOWER 168.00 153.00 161.00 165.00 173.00 178.00 SAIL 200.00 195.00 198.00 200.00 202.00 204.00 SBIN 2345.00 2310.00 2327.00 2344.00 2361.00 2378.00 SIEMENS 722.00 715.00 719.00 723.00 727.00 731.00 STER 653.00 633.00 643.00 650.00 660.00 668.00 SUNPHARMA 1702.00 1653.00 1677.00 1693.00 1717.00 1733.00 SUZLON 55.00 53.00 54.00 54.00 55.00 56.00 TATAMOTORS 760.00 744.00 752.00 762.00 771.00 781.00 TATAPOWER 1254.00 1233.00 1243.00 1251.00 1262.00 1270.00 TATASTEEL 484.00 471.00 478.00 482.00 489.00 493.00 TCS 781.00 746.00 764.00 775.00 793.00 804.00 UNITECH 69.00 66.00 68.00 68.00 70.00 70.00 WIPRO 674.00 637.00 656.00 666.00 684.00 694.00 For Private Circulation Only.
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