Tech report 05.05.2010
0 likes135 views
The key points from the document are: 1. Indian stock indices Sensex and Nifty closed down over 1.4% as metals and banking sectors lost the most ground. 2. Top gainers were HCL Technologies up 2.47% and top losers were Tata Steel down 5.63%. 3. The author expects further downside in the coming session with indices likely to test support levels but a small bounce is also possible.
Tech report 05.05.2010
- 1. Date : 05/05/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 5224 17372 HCLTECH 2.47 TATASTEEL 5.63 METAL (3.93) High 5250 17465 PNB 0.50 HINDALCO 5.58 REALTY (2.76) Low 5135 17102 HDFC 0.41 STER 4.46 CG (1.69) Close 5149 17137 HEROHONDA 0.23 SAIL 4.39 BANKEX (1.55) % Chg (1.42) (1.43) AMBUJACEM 3.74 CD (1.47) Source : Falcon SENSEX DLY CHART Markets opened on a subdued note but witnessed sharp selling in the latter half of the session which led the indices to close deep in red. The coming trading session is likely to trade with negative bias on the downside indices are likely to test 16990 – 16875 / 5080 – 5050 levels. However, a bounce up to 17230 – 17270 / 5170 – 5180 cannot be ruled out. Stocks +ve Bias Stocks -ve Bias PATNI COMP JSW STEEL DIVIS LAB JINDAL STEEL 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 17137.00 16872.00 17004.00 17235.00 17367.00 17598.00 NIFTY 5149.00 5063.00 5106.00 5178.00 5221.00 5293.00 ABB 728.00 706.00 717.00 735.00 747.00 765.00 ACC 878.00 848.00 863.00 888.00 904.00 929.00 AMBUJACEM 116.00 110.00 113.00 118.00 121.00 126.00 AXISBANK 1249.00 1215.00 1232.00 1262.00 1279.00 1308.00 BHARTIARTL 289.00 281.00 285.00 292.00 296.00 303.00 BHEL 2457.00 2410.00 2433.00 2464.00 2487.00 2518.00 BPCL 516.00 502.00 509.00 519.00 526.00 537.00 CAIRN 308.00 296.00 302.00 311.00 318.00 327.00 CIPLA 335.00 327.00 331.00 336.00 340.00 345.00 DLF 301.00 291.00 296.00 305.00 309.00 318.00 GAIL 427.00 420.00 423.00 428.00 432.00 437.00 HCLTECH 398.00 386.00 392.00 397.00 403.00 408.00 HDFC 2823.00 2786.00 2805.00 2826.00 2844.00 2866.00 HDFCBANK 1937.00 1899.00 1918.00 1951.00 1970.00 2004.00 HEROHONDA 1922.00 1895.00 1908.00 1926.00 1939.00 1957.00 HINDALCO 163.00 154.00 158.00 166.00 171.00 179.00 HINDUNILVR 232.00 228.00 230.00 233.00 236.00 239.00 ICICIBANK 915.00 886.00 901.00 924.00 938.00 961.00 IDEA 64.00 62.00 63.00 64.00 65.00 67.00 IDFC 166.00 161.00 163.00 167.00 169.00 173.00 INFOSYSTCH 2666.00 2625.00 2646.00 2676.00 2696.00 2726.00 ITC 262.00 258.00 260.00 263.00 265.00 268.00 JINDALSTEL 720.00 695.00 707.00 724.00 736.00 752.00 JPASSOCIAT 140.00 133.00 137.00 142.00 145.00 151.00 KOTAKBANK 732.00 715.00 724.00 737.00 746.00 759.00 LT 1549.00 1488.00 1519.00 1564.00 1595.00 1641.00 M&M 518.00 498.00 508.00 522.00 532.00 546.00 MARUTI 1265.00 1233.00 1249.00 1273.00 1289.00 1313.00 NTPC 204.00 202.00 203.00 205.00 206.00 208.00 ONGC 1044.00 1029.00 1036.00 1047.00 1054.00 1065.00 PNB 1040.00 1008.00 1024.00 1041.00 1057.00 1075.00 POWERGRID 108.00 105.00 106.00 108.00 109.00 111.00 RANBAXY 439.00 424.00 432.00 445.00 452.00 465.00 RCOM 162.00 159.00 160.00 163.00 165.00 168.00 RELCAPITAL 722.00 706.00 714.00 728.00 736.00 750.00 RELIANCE 1021.00 999.00 1010.00 1025.00 1036.00 1050.00 RELINFRA 1084.00 1059.00 1072.00 1093.00 1105.00 1126.00 RPOWER 156.00 150.00 153.00 158.00 161.00 166.00 SAIL 210.00 201.00 206.00 213.00 218.00 226.00 SBIN 2280.00 2247.00 2264.00 2290.00 2306.00 2333.00 SIEMENS 685.00 666.00 676.00 689.00 699.00 712.00 STER 776.00 743.00 759.00 786.00 802.00 828.00 SUNPHARMA 1557.00 1525.00 1541.00 1567.00 1584.00 1610.00 SUZLON 68.00 66.00 67.00 69.00 70.00 71.00 TATAMOTORS 842.00 819.00 830.00 850.00 862.00 881.00 TATAPOWER 1319.00 1286.00 1302.00 1328.00 1345.00 1370.00 TATASTEEL 578.00 536.00 557.00 593.00 614.00 651.00 TCS 761.00 746.00 754.00 764.00 772.00 782.00 UNITECH 80.00 77.00 79.00 81.00 83.00 85.00 WIPRO 660.00 642.00 651.00 666.00 675.00 690.00 For Private Circulation Only.
- 3. RESEARCH TEAM Shardul Kulkarni Head - Technicals Ajit Joshi AVP - TAS Brijesh Ail Manager - TAS Mileen Vasudeo Technical Analyst For any Queries, Suggestions and Feedback kindly mail to vasudeo.kamalakant@angeltrade.com 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.