Tech report 20.04.2010
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The document provides a market summary of key Indian stock indices and sector performances for April 20, 2010. It notes that markets opened lower due to weak global cues but recovered partially in the latter half due to gains in banking stocks. It expects continued volatility in the coming session due to an upcoming RBI policy announcement. On technical charts, the indices are in an oversold position and may see further recovery or declines depending on whether certain resistance and support levels are breached.
Tech report 20.04.2010
- 1. Date : 20/04/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 5279 17585 K S OIL 4.96 JSW STEEL 4.88 BANKEX (0.34) High 5279 17585 ZEE LTD 3.29 RENUKA 4.49 AUTO (1.07) Low 5161 17277 PATNI 2.11 DLF 4.12 PSU (1.18) Close 5204 17401 YES BANK 1.76 CENTURY TEX 3.56 METAL (2.11) % Chg (1.10) (1.08) GRASIM 1.04 REL CAPITAL 2.75 REALTY (2.51) Source : Falcon NIFTY FUTURE DLY CHART Markets opened lower in the wake of weak global cues and witnessed selling during the first half of the day. An intraday bounce in banking counters led the indices to close above 5200 mark. On the daily charts, we are witnessing momentum oscillator viz., the stochastic, which is in an extremely oversold zone. Further, the coming trading session is expected to remain volatile due to the announcement of RBI monetary policy during market hours. On the upside, if Nifty Future manages to close above today’s high i.e. 5226 level then it is likely to test 5300 levels in the coming trading sessions. On the down side, if 5160 is breached then we may witness selling pressure up to 5100-5080 levels. Stocks +ve Bias Stocks -ve Bias AXIS BANK EDUCOMP BHARAT FORGE SIEMENS For Private Circulation Only.
- 2. PIVOTS Stocks Close S2 S1 Pivot R1 R2 SENSEX 17401.00 17113.00 17257.00 17421.00 17565.00 17729.00 NIFTY 5204.00 5096.00 5150.00 5215.00 5268.00 5333.00 ABB 850.00 823.00 837.00 846.00 859.00 869.00 ACC 920.00 907.00 914.00 921.00 928.00 935.00 AMBUJACEM 117.00 116.00 116.00 117.00 118.00 119.00 AXISBANK 1159.00 1115.00 1137.00 1151.00 1173.00 1186.00 BHARTIARTL 306.00 271.00 288.00 316.00 334.00 361.00 BHEL 2470.00 2404.00 2437.00 2468.00 2501.00 2532.00 BPCL 499.00 488.00 494.00 501.00 507.00 514.00 CAIRN 299.00 293.00 296.00 300.00 303.00 307.00 CIPLA 333.00 317.00 325.00 330.00 338.00 343.00 DLF 317.00 306.00 311.00 320.00 325.00 334.00 GAIL 404.00 399.00 402.00 405.00 408.00 412.00 HCLTECH 349.00 339.00 344.00 348.00 353.00 357.00 HDFC 2693.00 2579.00 2636.00 2676.00 2733.00 2772.00 HDFCBANK 1934.00 1907.00 1920.00 1940.00 1953.00 1972.00 HEROHONDA 1896.00 1857.00 1877.00 1898.00 1917.00 1938.00 HINDALCO 178.00 167.00 172.00 176.00 181.00 185.00 HINDUNILVR 225.00 222.00 224.00 225.00 226.00 228.00 ICICIBANK 920.00 892.00 906.00 916.00 930.00 940.00 IDEA 67.00 64.00 65.00 66.00 68.00 68.00 IDFC 162.00 156.00 159.00 161.00 164.00 166.00 INFOSYSTCH 2752.00 2716.00 2734.00 2754.00 2772.00 2793.00 ITC 265.00 256.00 260.00 267.00 272.00 278.00 JINDALSTEL 719.00 696.00 708.00 716.00 727.00 736.00 JPASSOCIAT 146.00 142.00 144.00 145.00 148.00 149.00 KOTAKBANK 725.00 686.00 705.00 720.00 739.00 754.00 LT 1576.00 1532.00 1554.00 1569.00 1591.00 1605.00 M&M 504.00 482.00 493.00 501.00 512.00 520.00 MARUTI 1332.00 1308.00 1320.00 1336.00 1349.00 1365.00 NTPC 206.00 200.00 203.00 206.00 209.00 212.00 ONGC 1004.00 981.00 992.00 1011.00 1022.00 1041.00 PNB 992.00 960.00 976.00 987.00 1003.00 1014.00 POWERGRID 108.00 106.00 107.00 107.00 108.00 109.00 RANBAXY 446.00 430.00 438.00 444.00 452.00 459.00 RCOM 167.00 162.00 165.00 166.00 169.00 170.00 RELCAPITAL 731.00 717.00 724.00 734.00 741.00 752.00 RELIANCE 1062.00 1035.00 1049.00 1064.00 1077.00 1093.00 RELINFRA 1089.00 1068.00 1078.00 1095.00 1105.00 1121.00 RPOWER 154.00 150.00 152.00 154.00 156.00 158.00 SAIL 221.00 216.00 218.00 222.00 225.00 229.00 SBIN 2032.00 1997.00 2015.00 2030.00 2048.00 2063.00 SIEMENS 710.00 686.00 698.00 716.00 728.00 746.00 STER 812.00 787.00 799.00 814.00 826.00 840.00 SUNPHARMA 1763.00 1726.00 1744.00 1768.00 1786.00 1810.00 SUZLON 70.00 69.00 69.00 70.00 71.00 72.00 TATAMOTORS 776.00 757.00 766.00 773.00 782.00 789.00 TATAPOWER 1314.00 1290.00 1302.00 1313.00 1325.00 1336.00 TATASTEEL 670.00 648.00 659.00 673.00 684.00 699.00 TCS 812.00 788.00 800.00 813.00 824.00 837.00 UNITECH 80.00 77.00 79.00 80.00 81.00 82.00 WIPRO 704.00 690.00 697.00 708.00 716.00 727.00 For Private Circulation Only.
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