Tech report 07.05.2010
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The markets opened lower but recovered some losses to close slightly down. Key sectors like metal and PSU saw losses while healthcare saw gains. Top gainers were Suzlon, Cipla, and Sun Pharma while top losers included ABB, Jindal Steel, and Ambuja Cement. The daily chart showed a hammer candlestick pattern indicating potential upside if indices trade above support levels in the next session. Traders were advised to exercise caution due to expected high volatility from an upcoming court verdict.
Tech report 07.05.2010
- 1. Date : 07/05/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 5124 17087 SUZLON 5.39 ABB 4.21 TECK (1.04) High 5125 17087 CIPLA 3.22 JINDALSTEEL 4.16 CG (1.00) Low 5038 16823 RANBAXY 3.00 AMBUJACEM 3.84 METAL (0.98) Close 5091 16988 BPCL 2.73 TATAMOTARS 2.62 PSU 0.64 % Chg (0.46) (0.59) SUNPHARMA 2.28 CAIRN 2.41 HC 1.40 Source : Falcon NIFTY DLY CHART Markets opened on a pessimistic note, witnessed a sell - off in the early hour of the trade but recovered some of the losses in the latter half of the session to close in the negative territory. On the daily chart for second consecutive trading session we are witnessing a candlestick pattern which resembles a hammer. In the coming trading session if indices trade above 17080 / 5125 levels then it have bullish implications and we may witness an upside up to 17219 – 17359 / 5170 – 5218 levels .On the downside, again the low of the hammer (16823 / 5037) remains psychological support for the markets. Traders are advised to exercise caution as the RIL -RNRL verdict would lead to high volatility in the markets. Stocks +ve Bias Stocks -ve Bias EKC CIPLA 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 16988.00 16702.00 16845.00 16966.00 17109.00 17230.00 NIFTY 5091.00 4997.00 5044.00 5085.00 5131.00 5172.00 ABB 696.00 667.00 681.00 706.00 721.00 746.00 ACC 876.00 862.00 869.00 877.00 884.00 892.00 AMBUJACEM 112.00 107.00 109.00 113.00 116.00 120.00 AXISBANK 1234.00 1203.00 1218.00 1236.00 1251.00 1268.00 BHARTIARTL 292.00 286.00 289.00 293.00 296.00 300.00 BHEL 2416.00 2377.00 2396.00 2421.00 2441.00 2466.00 BPCL 539.00 521.00 530.00 536.00 545.00 551.00 CAIRN 292.00 284.00 288.00 293.00 297.00 302.00 CIPLA 346.00 330.00 338.00 343.00 351.00 356.00 DLF 298.00 291.00 295.00 298.00 302.00 305.00 GAIL 427.00 410.00 418.00 423.00 432.00 437.00 HCLTECH 400.00 386.00 393.00 400.00 407.00 415.00 HDFC 2753.00 2676.00 2714.00 2759.00 2797.00 2841.00 HDFCBANK 1896.00 1857.00 1876.00 1896.00 1915.00 1935.00 HEROHONDA 1896.00 1845.00 1870.00 1888.00 1913.00 1931.00 HINDALCO 164.00 156.00 160.00 162.00 166.00 169.00 HINDUNILVR 232.00 223.00 228.00 232.00 236.00 240.00 ICICIBANK 903.00 881.00 892.00 902.00 913.00 924.00 IDEA 63.00 60.00 61.00 63.00 64.00 65.00 IDFC 161.00 156.00 159.00 161.00 163.00 165.00 INFOSYSTCH 2658.00 2620.00 2639.00 2665.00 2684.00 2709.00 ITC 259.00 238.00 249.00 256.00 266.00 273.00 JINDALSTEL 659.00 619.00 639.00 672.00 692.00 725.00 JPASSOCIAT 134.00 129.00 131.00 133.00 136.00 138.00 KOTAKBANK 750.00 721.00 735.00 747.00 761.00 772.00 LT 1527.00 1486.00 1506.00 1523.00 1543.00 1560.00 M&M 518.00 502.00 510.00 516.00 524.00 529.00 MARUTI 1279.00 1254.00 1266.00 1278.00 1290.00 1301.00 NTPC 204.00 201.00 203.00 204.00 206.00 207.00 ONGC 1043.00 1009.00 1026.00 1038.00 1055.00 1066.00 PNB 1044.00 952.00 998.00 1072.00 1117.00 1191.00 POWERGRID 107.00 104.00 106.00 107.00 108.00 109.00 RANBAXY 461.00 433.00 447.00 456.00 470.00 480.00 RCOM 157.00 153.00 155.00 158.00 160.00 163.00 RELCAPITAL 710.00 686.00 698.00 707.00 719.00 728.00 RELIANCE 1008.00 992.00 1000.00 1012.00 1019.00 1031.00 RELINFRA 1056.00 1021.00 1039.00 1053.00 1070.00 1084.00 RPOWER 154.00 151.00 153.00 154.00 156.00 158.00 SAIL 211.00 204.00 208.00 210.00 214.00 217.00 SBIN 2312.00 2240.00 2276.00 2298.00 2334.00 2356.00 SIEMENS 663.00 650.00 656.00 666.00 673.00 683.00 STER 740.00 714.00 727.00 737.00 751.00 761.00 SUNPHARMA 1560.00 1495.00 1528.00 1548.00 1581.00 1601.00 SUZLON 71.00 66.00 68.00 70.00 73.00 75.00 TATAMOTORS 813.00 789.00 801.00 818.00 830.00 847.00 TATAPOWER 1303.00 1277.00 1290.00 1305.00 1318.00 1333.00 TATASTEEL 576.00 554.00 565.00 572.00 583.00 591.00 TCS 767.00 754.00 761.00 766.00 772.00 777.00 UNITECH 77.00 73.00 75.00 77.00 79.00 81.00 WIPRO 659.00 636.00 648.00 666.00 678.00 696.00 For Private Circulation Only.
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