Tech report 21.05.2010
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The document provides a market summary for May 21, 2010 including: 1) Key indices like Nifty and Sensex opened lower but closed slightly higher despite losses in sectors like realty and auto. 2) Top gainers were led by ONGC and top losers by JP Associates. Oil & gas and PSU sectors saw gains while realty saw losses. 3) The analyst maintains a bearish outlook and recommends shorting the market on any bounce between defined resistance levels, with stop losses at 5020.
Tech report 21.05.2010
- 1. Date : 21/05/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 4924 16419 ONGC 8.96 JPASSOCIAT 3.61 PSU 1.87 High 4980 16618 BPCL 2.79 IDFC 2.72 OIL&GAS 1.79 Low 4924 16419 SBIN 2.75 DLF 2.63 HC 1.14 Close 4948 16520 CIPLA 2.50 HCLTECH 2.02 REALTY (2.04) % Chg (2.89) (2.77) STER 2.37 UNITECH 1.33 AUTO (0.53) Source : Falcon NIFTY DLY CHART As expected and mentioned in our previous daily report market witnessed a bounce from the oversold zone and has closed in positive territory. On the daily chart we are witnessing a narrow range body which clearly indicates a breather as the under tone still remains bearish. We maintain our stance that any bounce in the range of 16540 – 16580 / 4972 – 4990 levels is an opportunity to go short for a target of 16200-16150 / 4850 – 4800 levels. Stop loss for the trade can be around the 5020 levels. . Stocks +ve Bias Stocks -ve Bias VOLTAS SUZLON FINANCIAL TECHNOLOGY IBREALEST 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 16520.00 16320.00 16420.00 16519.00 16619.00 16718.00 NIFTY 4948.00 4895.00 4921.00 4951.00 4977.00 5007.00 ABB 828.00 817.00 822.00 828.00 834.00 840.00 ACC 844.00 813.00 829.00 842.00 858.00 871.00 AMBUJACEM 105.00 102.00 103.00 105.00 106.00 107.00 AXISBANK 1208.00 1160.00 1184.00 1206.00 1230.00 1252.00 BHARTIARTL 260.00 255.00 258.00 262.00 264.00 268.00 BHEL 2299.00 2260.00 2280.00 2295.00 2314.00 2329.00 BPCL 558.00 537.00 547.00 555.00 565.00 573.00 CAIRN 279.00 270.00 274.00 279.00 283.00 288.00 CIPLA 318.00 305.00 312.00 316.00 322.00 327.00 DLF 271.00 261.00 266.00 274.00 279.00 288.00 GAIL 442.00 427.00 434.00 444.00 451.00 461.00 HCLTECH 361.00 344.00 353.00 366.00 374.00 388.00 HDFC 2711.00 2615.00 2663.00 2694.00 2742.00 2773.00 HDFCBANK 1851.00 1814.00 1833.00 1855.00 1873.00 1895.00 HEROHONDA 1863.00 1829.00 1846.00 1865.00 1882.00 1901.00 HINDALCO 157.00 152.00 154.00 157.00 159.00 162.00 HINDUNILVR 237.00 230.00 234.00 236.00 239.00 242.00 ICICIBANK 832.00 800.00 816.00 831.00 847.00 863.00 IDEA 53.00 46.00 50.00 56.00 60.00 66.00 IDFC 154.00 149.00 152.00 156.00 158.00 162.00 INFOSYSTCH 2601.00 2559.00 2580.00 2607.00 2628.00 2655.00 ITC 262.00 253.00 258.00 262.00 266.00 270.00 JINDALSTEL 628.00 605.00 617.00 625.00 636.00 644.00 JPASSOCIAT 116.00 110.00 113.00 118.00 121.00 126.00 KOTAKBANK 750.00 731.00 740.00 751.00 761.00 772.00 LT 1642.00 1593.00 1618.00 1641.00 1666.00 1689.00 M&M 522.00 503.00 512.00 527.00 536.00 551.00 MARUTI 1208.00 1175.00 1192.00 1215.00 1232.00 1256.00 NTPC 205.00 197.00 201.00 203.00 207.00 210.00 ONGC 1119.00 1031.00 1075.00 1108.00 1152.00 1186.00 PNB 1003.00 981.00 992.00 1004.00 1015.00 1028.00 POWERGRID 104.00 100.00 102.00 103.00 105.00 107.00 RANBAXY 425.00 406.00 415.00 425.00 434.00 444.00 RCOM 136.00 131.00 133.00 138.00 140.00 144.00 RELCAPITAL 630.00 614.00 622.00 633.00 641.00 652.00 RELIANCE 1000.00 983.00 991.00 1002.00 1011.00 1021.00 RELINFRA 983.00 941.00 962.00 981.00 1002.00 1021.00 RPOWER 139.00 135.00 137.00 140.00 141.00 144.00 SAIL 201.00 194.00 197.00 202.00 205.00 209.00 SBIN 2268.00 2196.00 2232.00 2257.00 2293.00 2318.00 SIEMENS 674.00 664.00 669.00 675.00 680.00 687.00 STER 652.00 611.00 632.00 645.00 665.00 679.00 SUNPHARMA 1564.00 1521.00 1543.00 1561.00 1582.00 1601.00 SUZLON 59.00 57.00 58.00 60.00 61.00 62.00 TATAMOTORS 712.00 676.00 694.00 713.00 731.00 750.00 TATAPOWER 1289.00 1253.00 1271.00 1300.00 1318.00 1347.00 TATASTEEL 508.00 493.00 501.00 511.00 519.00 529.00 TCS 730.00 710.00 720.00 726.00 736.00 742.00 UNITECH 70.00 68.00 69.00 71.00 72.00 74.00 WIPRO 654.00 635.00 644.00 654.00 663.00 672.00 For Private Circulation Only.
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