Tech report 20.10.2010
0 likes100 views
The markets opened on a positive note but closed lower as indices faced resistance at key levels. The Nifty closed down 0.80% at 6027 and Sensex closed down 0.92% at 19983. Among sectoral indices, IT and Realty declined the most while Healthcare rose. Cipla, Hero Honda, and BPCL gained the most while InfoSys, DLF, and Hindalco lost the most. The technical outlook is bearish if indices breach key support levels, while upside is limited by resistance levels. Pivot points are provided for 50 stocks.
Tech report 20.10.2010
- 1. Technical Report Date : 20/10/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 6114 20299 CIPLA 1.93 SESAGOA 3.92 IT (2.22) High 6130 20332 HEROHONDA 1.82 INFOSYSTCH 3.09 REALTY (1.75) Low 6008 19924 BPCL 1.22 DLF 2.78 TECK (1.73) Close 6027 19983 AMBUJACEM 1.17 HINDALCO 2.77 METAL (1.25) % Chg (0.80) (0.92) GAIL 0.92 IDFC 2.73 HC 1.06 Source : Falcon SENSEX DLY CHART Markets opened on a positive note but lost all gain as selling intensified in the last hour of the session. Indices faced resistance near 6135 / 20362 level which is also 50% Fibonacci retracement level of a down move started from 6284 to 5985 / 20855 to 19870 level. On the downside, If indices breach 5985 / 19870 level then they are likely to test 5925 – 5814 / 19693 – 19328 levels. On the upside, 6083 / 20114 level may act as a resistance for the day. Stocks +ve Bias Stocks -ve Bias 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 19983.00 19672.00 19827.00 20080.00 20235.00 20488.00 NIFTY 6027.00 5933.00 5980.00 6055.00 6102.00 6177.00 ABB 904.00 888.00 896.00 909.00 918.00 931.00 ACC 976.00 959.00 968.00 979.00 988.00 999.00 AMBUJACEM 139.00 133.00 136.00 139.00 142.00 145.00 AXISBANK 1469.00 1441.00 1455.00 1476.00 1490.00 1511.00 BHARTIARTL 327.00 316.00 322.00 329.00 334.00 341.00 BHEL 2503.00 2450.00 2477.00 2513.00 2539.00 2575.00 BPCL 708.00 685.00 696.00 707.00 718.00 729.00 CAIRN 337.00 330.00 334.00 339.00 342.00 347.00 CIPLA 332.00 321.00 327.00 332.00 337.00 343.00 DLF 370.00 358.00 364.00 372.00 378.00 387.00 GAIL 510.00 487.00 498.00 509.00 520.00 531.00 HCLTECH 439.00 427.00 433.00 440.00 447.00 454.00 HDFC 721.00 706.00 713.00 723.00 730.00 740.00 HDFCBANK 2369.00 2319.00 2344.00 2383.00 2408.00 2448.00 HEROHONDA 1837.00 1776.00 1806.00 1831.00 1861.00 1885.00 HINDALCO 206.00 201.00 204.00 208.00 211.00 216.00 HINDUNILVR 297.00 288.00 293.00 297.00 302.00 306.00 ICICIBANK 1120.00 1088.00 1104.00 1129.00 1145.00 1170.00 IDEA 72.00 70.00 71.00 72.00 73.00 75.00 IDFC 202.00 196.00 199.00 204.00 207.00 212.00 INFOSYSTCH 3010.00 2935.00 2972.00 3039.00 3077.00 3143.00 ITC 171.00 167.00 169.00 171.00 173.00 175.00 JINDALSTEL 708.00 693.00 700.00 709.00 717.00 726.00 JPASSOCIAT 127.00 124.00 126.00 128.00 130.00 132.00 KOTAKBANK 505.00 493.00 499.00 508.00 514.00 523.00 LT 1996.00 1955.00 1975.00 2007.00 2027.00 2058.00 M&M 702.00 687.00 694.00 703.00 710.00 719.00 MARUTI 1495.00 1463.00 1479.00 1497.00 1513.00 1531.00 NTPC 204.00 201.00 203.00 205.00 207.00 210.00 ONGC 1351.00 1319.00 1335.00 1355.00 1370.00 1390.00 PNB 1300.00 1277.00 1289.00 1306.00 1318.00 1336.00 POWERGRID 105.00 103.00 104.00 106.00 107.00 109.00 RANBAXY 577.00 563.00 570.00 580.00 587.00 596.00 RCOM 175.00 171.00 173.00 176.00 178.00 181.00 RELCAPITAL 828.00 807.00 818.00 833.00 843.00 858.00 RELIANCE 1044.00 1021.00 1033.00 1051.00 1062.00 1080.00 RELINFRA 1066.00 1037.00 1051.00 1073.00 1087.00 1109.00 RPOWER 159.00 155.00 157.00 160.00 162.00 164.00 SAIL 220.00 215.00 218.00 222.00 224.00 228.00 SBIN 3117.00 3044.00 3080.00 3142.00 3179.00 3240.00 SIEMENS 803.00 783.00 793.00 806.00 816.00 829.00 STER 176.00 172.00 174.00 177.00 179.00 182.00 SUNPHARMA 2048.00 1999.00 2024.00 2045.00 2070.00 2091.00 SUZLON 59.00 57.00 58.00 59.00 60.00 62.00 TATAMOTORS 1174.00 1159.00 1167.00 1177.00 1185.00 1195.00 TATAPOWER 1375.00 1351.00 1363.00 1384.00 1396.00 1417.00 TATASTEEL 633.00 617.00 625.00 639.00 647.00 661.00 TCS 968.00 950.00 959.00 973.00 982.00 996.00 UNITECH 92.00 88.00 90.00 93.00 95.00 98.00 WIPRO 465.00 452.00 458.00 467.00 474.00 483.00 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.