Tech report 05.10.2010
0 likes128 views
The document provides a daily technical market summary for May 10, 2010. It summarizes the performance of key indices, top gainers and losers, sectoral performance, and technical analysis. The Nifty and Sensex opened higher but saw some profit booking, closing marginally up. On technical charts, a "Shooting star" pattern indicated the possibility of consolidation or correction of the previous rise. Key support and resistance levels are identified. Specific stocks with positive and negative bias over the next 2-3 days are also highlighted.
Tech report 05.10.2010
- 1. Technical Report Date : 05/10/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 6145 20501 BHUSANSTL 16.79 APOLLOTYRE -2.55 HC 1.69 High 6222 20707 UCOBANK 10.62 ITC -1.90 CD 1.47 Low 6145 20437 SUZLON 7.27 STER -1.88 BANKEX 0.79 Close 6159 20476 VIJAYABANK 5.74 RENUKA -1.87 AUTO 0.63 % Chg 0.30 0.20 TATACOMM 5.71 HEROHONDA -1.85 METAL 0.61 Source : Falcon SENSEX DLY CHART Markets opened with an upside gap and registered a new 52 Weeks high. However, at higher levels markets lost momentum and we witnessed some profit booking which dragged indices to close marginally in the green. On the daily chart, we are observing a pattern that resembles a “Shooting star” which indicates a possibility of a consolidation or a correction of a previous rise. On the upside, the high of the shooting star 20707 / 6222 level would act as a resistance and on the downside, 20437 - 20268 / 6145 - 6074 levels would act as supports for the day. Any move beyond 20707 / 6222 level would warrant further up move to test all time high of 21207 / 6357 level. Stocks +ve Bias Stocks -ve Bias PUNJLLOYD 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. Technical Report PIVOTS Stocks Close S2 S1 Pivot R1 R2 SENSEX 20476.00 20271.00 20373.00 20540.00 20643.00 20809.00 NIFTY 6159.00 6098.00 6129.00 6175.00 6206.00 6253.00 ABB 933.00 910.00 921.00 938.00 949.00 965.00 ACC 1016.00 995.00 1006.00 1015.00 1026.00 1035.00 AMBUJACEM 141.00 137.00 139.00 142.00 143.00 146.00 AXISBANK 1577.00 1556.00 1567.00 1581.00 1592.00 1607.00 BHARTIARTL 360.00 349.00 354.00 362.00 367.00 374.00 BHEL 2619.00 2584.00 2602.00 2628.00 2645.00 2671.00 BPCL 757.00 734.00 745.00 753.00 765.00 773.00 CAIRN 337.00 332.00 334.00 338.00 341.00 344.00 CIPLA 328.00 322.00 325.00 327.00 330.00 333.00 DLF 391.00 378.00 385.00 391.00 397.00 404.00 GAIL 489.00 482.00 485.00 490.00 493.00 498.00 HCLTECH 436.00 424.00 430.00 436.00 442.00 447.00 HDFC 760.00 728.00 744.00 756.00 772.00 783.00 HDFCBANK 2494.00 2461.00 2477.00 2500.00 2517.00 2539.00 HEROHONDA 1806.00 1756.00 1781.00 1820.00 1845.00 1884.00 HINDALCO 206.00 201.00 203.00 207.00 209.00 213.00 HINDUNILVR 309.00 302.00 305.00 309.00 312.00 316.00 ICICIBANK 1156.00 1127.00 1141.00 1156.00 1170.00 1185.00 IDEA 72.00 68.00 70.00 73.00 75.00 78.00 IDFC 207.00 203.00 205.00 208.00 209.00 212.00 INFOSYSTCH 3078.00 3002.00 3040.00 3101.00 3139.00 3200.00 ITC 175.00 170.00 173.00 177.00 180.00 184.00 JINDALSTEL 733.00 716.00 724.00 734.00 743.00 752.00 JPASSOCIAT 127.00 123.00 125.00 127.00 129.00 131.00 KOTAKBANK 509.00 498.00 503.00 508.00 513.00 517.00 LT 2068.00 2016.00 2042.00 2081.00 2107.00 2146.00 M&M 731.00 703.00 717.00 730.00 744.00 758.00 MARUTI 1480.00 1462.00 1471.00 1484.00 1494.00 1507.00 NTPC 218.00 214.00 216.00 219.00 221.00 224.00 ONGC 1394.00 1355.00 1375.00 1410.00 1429.00 1464.00 PNB 1310.00 1283.00 1296.00 1309.00 1322.00 1335.00 POWERGRID 110.00 107.00 108.00 109.00 111.00 112.00 RANBAXY 598.00 556.00 577.00 589.00 610.00 622.00 RCOM 173.00 167.00 170.00 172.00 175.00 178.00 RELCAPITAL 823.00 795.00 809.00 817.00 831.00 839.00 RELIANCE 1018.00 1009.00 1013.00 1020.00 1024.00 1030.00 RELINFRA 1082.00 1059.00 1071.00 1084.00 1095.00 1108.00 RPOWER 161.00 159.00 160.00 162.00 163.00 165.00 SAIL 224.00 219.00 222.00 225.00 228.00 231.00 SBIN 3260.00 3214.00 3237.00 3268.00 3291.00 3323.00 SIEMENS 836.00 821.00 829.00 838.00 845.00 854.00 STER 173.00 167.00 170.00 173.00 176.00 180.00 SUNPHARMA 2065.00 2028.00 2046.00 2058.00 2076.00 2088.00 SUZLON 58.00 53.00 56.00 57.00 60.00 61.00 TATAMOTORS 1139.00 1082.00 1110.00 1129.00 1157.00 1176.00 TATAPOWER 1385.00 1355.00 1370.00 1391.00 1406.00 1427.00 TATASTEEL 670.00 658.00 664.00 672.00 678.00 686.00 TCS 956.00 939.00 948.00 961.00 970.00 983.00 UNITECH 94.00 91.00 93.00 94.00 96.00 98.00 WIPRO 464.00 455.00 460.00 466.00 471.00 477.00 For Private Circulation Only.
- 3. 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 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.