Tech report 14.10.2010
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The summary provides an overview of the key information from the technical report: 1) Indian indices (Nifty and Sensex) opened marginally higher and traded with strong upside momentum throughout the day, closing at new 52-week highs. 2) IT, Reliance Industries, and capital goods sectors led the gains, while NTPC saw the largest losses. 3) The report advises traders to hold long positions as markets are poised to test all-time highs in the next 2-3 trading sessions, with support levels at 20,400/6,150.
Tech report 14.10.2010
- 1. Technical Report Date : 14/10/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 6091 20223 JPASSOCIAT 4.68 NTPC 1.36 IT 3.15 High 6240 20704 TCS 4.44 HEROHONDA 0.02 TECK 2.72 Low 6090 20212 WIPRO 4.38 CG 2.68 Close 6234 20688 HDFC 4.34 REALTY 2.51 % Chg 2.35 2.40 LT 3.87 FMCG 2.29 Source : Falcon SENSEX DLY CHART Markets opened marginally higher and traded with a strong upside momentum throughout the day to close at new 52 weeks high. Today’s rally was mainly led by Reliance Industries, IT and capital goods counters. As mentioned in our previous report, indices held their crucial support levels of 20180 / 6063. Traders are advised to hold long positions as markets are poised to test all time highs in next 2 – 3 trading sessions. Revised support levels are now at 20400 / 6150. Stocks +ve Bias Stocks -ve Bias ICICI BANK 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 20688.00 20042.00 20365.00 20535.00 20857.00 21027.00 NIFTY 6234.00 6037.00 6136.00 6188.00 6286.00 6338.00 ABB 917.00 892.00 905.00 913.00 926.00 934.00 ACC 1033.00 973.00 1003.00 1022.00 1052.00 1072.00 AMBUJACEM 143.00 137.00 140.00 142.00 145.00 148.00 AXISBANK 1589.00 1529.00 1559.00 1577.00 1607.00 1624.00 BHARTIARTL 348.00 332.00 340.00 344.00 352.00 356.00 BHEL 2588.00 2527.00 2558.00 2578.00 2609.00 2629.00 BPCL 761.00 732.00 746.00 755.00 769.00 777.00 CAIRN 343.00 337.00 340.00 342.00 344.00 346.00 CIPLA 340.00 336.00 338.00 340.00 342.00 344.00 DLF 387.00 370.00 378.00 384.00 392.00 397.00 GAIL 508.00 491.00 500.00 505.00 513.00 518.00 HCLTECH 444.00 418.00 431.00 439.00 452.00 460.00 HDFC 740.00 685.00 712.00 727.00 754.00 768.00 HDFCBANK 2441.00 2336.00 2389.00 2419.00 2472.00 2502.00 HEROHONDA 1880.00 1849.00 1864.00 1877.00 1892.00 1905.00 HINDALCO 216.00 210.00 213.00 215.00 218.00 220.00 HINDUNILVR 303.00 286.00 295.00 300.00 308.00 313.00 ICICIBANK 1159.00 1125.00 1142.00 1153.00 1170.00 1182.00 IDEA 74.00 71.00 73.00 73.00 75.00 75.00 IDFC 213.00 201.00 207.00 211.00 216.00 220.00 INFOSYSTCH 3153.00 3041.00 3097.00 3131.00 3187.00 3221.00 ITC 175.00 168.00 172.00 174.00 177.00 179.00 JINDALSTEL 720.00 705.00 713.00 722.00 730.00 740.00 JPASSOCIAT 135.00 128.00 131.00 133.00 137.00 139.00 KOTAKBANK 522.00 495.00 508.00 516.00 529.00 537.00 LT 2078.00 1945.00 2012.00 2052.00 2118.00 2158.00 M&M 736.00 704.00 720.00 730.00 746.00 755.00 MARUTI 1558.00 1499.00 1529.00 1548.00 1577.00 1597.00 NTPC 208.00 204.00 206.00 209.00 211.00 213.00 ONGC 1380.00 1347.00 1364.00 1377.00 1393.00 1406.00 PNB 1349.00 1291.00 1320.00 1336.00 1365.00 1381.00 POWERGRID 110.00 108.00 109.00 110.00 111.00 112.00 RANBAXY 607.00 585.00 596.00 604.00 616.00 624.00 RCOM 187.00 184.00 186.00 187.00 188.00 189.00 RELCAPITAL 859.00 842.00 850.00 856.00 864.00 870.00 RELIANCE 1073.00 1048.00 1061.00 1067.00 1080.00 1087.00 RELINFRA 1097.00 1069.00 1083.00 1093.00 1106.00 1116.00 RPOWER 166.00 162.00 164.00 166.00 168.00 169.00 SAIL 226.00 219.00 223.00 224.00 228.00 230.00 SBIN 3306.00 3189.00 3247.00 3281.00 3339.00 3373.00 SIEMENS 838.00 805.00 822.00 831.00 848.00 857.00 STER 183.00 177.00 180.00 182.00 185.00 187.00 SUNPHARMA 2105.00 2078.00 2091.00 2106.00 2119.00 2134.00 SUZLON 59.00 57.00 58.00 59.00 60.00 60.00 TATAMOTORS 1176.00 1136.00 1156.00 1169.00 1190.00 1203.00 TATAPOWER 1434.00 1400.00 1417.00 1429.00 1446.00 1458.00 TATASTEEL 638.00 628.00 633.00 636.00 641.00 645.00 TCS 993.00 931.00 962.00 980.00 1011.00 1028.00 UNITECH 95.00 91.00 93.00 94.00 96.00 97.00 WIPRO 483.00 453.00 468.00 477.00 493.00 502.00 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.