Tech Report 23.04.2010
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The market summary provides an overview of the performance of key indices and sectors in the Indian market on April 23, 2010. The Nifty closed at 5269, up 0.47% for the day. Top gainers included SBI, SAIL and TATAMOTOR, while top losers were TATASTEEL, SUNPHARMA and UNITECH. The oil & gas and auto sectors saw gains while metal and realty saw losses. The report expects the market to trade in the range of 5210-5300 with support at 5235-5205 and resistance at 5340-5360 in the coming sessions.
Tech Report 23.04.2010
- 1. Date : 23/04/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 5249 17476 SBI 5.19 TATASTEEL 2.52 OIL&GAS 1.25 High 5332 17778 SAIL 3.01 SUNPHARMA 2.36 AUTO 0.90 Low 5221 17408 TATAMOTOR 2.92 UNITECH 1.93 BANKEX 0.75 Close 5269 17574 HCLTECH 2.17 IDEA 1.64 METAL (0.61) % Chg 0.47 0.58 RELIANCE 2.06 DLF 1.59 REALTY (1.34) Source : Falcon NIFTY FUT DLY CHART As mentioned in our previous report, markets witnessed strong momentum above 5265 level and touched a high of 5340 during the day, with strong volumes. The coming trading session is expected to trade in a range of 5210 – 5300 levels. Momentum oscillators and price patterns seen on the daily chart indicate that the market would witness the next leg of the rally only if it manages to sustain above 5300 level. On the upside, 5340 – 5360 levels would act as intermediate resistance and on the downside, 5235 – 5205 may act as support in coming trading sessions. Stocks +ve Bias Stocks -ve Bias RELIANCE INDS TATA STEEL ONGC For Private Circulation Only.
- 2. PIVOTS Stocks Close S2 S1 Pivot R1 R2 SENSEX 17574.00 17216.00 17395.00 17587.00 17766.00 17957.00 NIFTY 5269.00 5163.00 5216.00 5274.00 5327.00 5385.00 ABB 853.00 829.00 841.00 856.00 868.00 883.00 ACC 920.00 900.00 910.00 926.00 936.00 952.00 AMBUJACEM 120.00 118.00 119.00 121.00 122.00 124.00 AXISBANK 1225.00 1208.00 1217.00 1229.00 1238.00 1250.00 BHARTIARTL 303.00 300.00 301.00 303.00 305.00 307.00 BHEL 2470.00 2391.00 2431.00 2457.00 2497.00 2523.00 BPCL 499.00 491.00 495.00 499.00 504.00 508.00 CAIRN 300.00 294.00 297.00 301.00 304.00 309.00 CIPLA 332.00 322.00 327.00 333.00 338.00 345.00 DLF 325.00 319.00 322.00 328.00 331.00 337.00 GAIL 423.00 416.00 419.00 425.00 428.00 433.00 HCLTECH 382.00 363.00 373.00 379.00 389.00 395.00 HDFC 2737.00 2644.00 2691.00 2736.00 2782.00 2828.00 HDFCBANK 1934.00 1875.00 1905.00 1937.00 1967.00 1999.00 HEROHONDA 1911.00 1849.00 1880.00 1902.00 1933.00 1956.00 HINDALCO 180.00 174.00 177.00 180.00 182.00 185.00 HINDUNILVR 237.00 228.00 233.00 236.00 241.00 245.00 ICICIBANK 944.00 918.00 931.00 948.00 961.00 977.00 IDEA 66.00 65.00 66.00 66.00 67.00 68.00 IDFC 172.00 164.00 168.00 171.00 175.00 178.00 INFOSYSTCH 2718.00 2655.00 2687.00 2725.00 2757.00 2795.00 ITC 264.00 257.00 261.00 264.00 268.00 271.00 JINDALSTEL 719.00 693.00 706.00 728.00 741.00 763.00 JPASSOCIAT 153.00 147.00 150.00 152.00 155.00 157.00 KOTAKBANK 742.00 721.00 732.00 744.00 754.00 766.00 LT 1572.00 1531.00 1552.00 1579.00 1599.00 1627.00 M&M 508.00 492.00 500.00 510.00 518.00 527.00 MARUTI 1379.00 1346.00 1363.00 1381.00 1398.00 1417.00 NTPC 207.00 204.00 205.00 207.00 208.00 209.00 ONGC 1015.00 981.00 998.00 1013.00 1030.00 1045.00 PNB 1023.00 985.00 1004.00 1015.00 1034.00 1045.00 POWERGRID 109.00 105.00 107.00 109.00 111.00 113.00 RANBAXY 455.00 441.00 448.00 455.00 463.00 470.00 RCOM 169.00 164.00 167.00 169.00 171.00 173.00 RELCAPITAL 742.00 720.00 731.00 743.00 754.00 767.00 RELIANCE 1076.00 1029.00 1053.00 1073.00 1096.00 1117.00 RELINFRA 1127.00 1095.00 1111.00 1133.00 1149.00 1171.00 RPOWER 158.00 154.00 156.00 159.00 161.00 163.00 SAIL 225.00 214.00 220.00 224.00 230.00 234.00 SBIN 2223.00 2018.00 2121.00 2185.00 2287.00 2352.00 SIEMENS 726.00 698.00 712.00 724.00 738.00 750.00 STER 804.00 787.00 796.00 808.00 816.00 829.00 SUNPHARMA 1709.00 1672.00 1691.00 1719.00 1737.00 1765.00 SUZLON 72.00 70.00 71.00 72.00 73.00 74.00 TATAMOTORS 837.00 777.00 807.00 831.00 861.00 884.00 TATAPOWER 1339.00 1288.00 1314.00 1332.00 1357.00 1375.00 TATASTEEL 655.00 636.00 646.00 659.00 669.00 683.00 TCS 786.00 774.00 780.00 787.00 793.00 800.00 UNITECH 84.00 83.00 83.00 84.00 85.00 86.00 WIPRO 704.00 688.00 696.00 706.00 714.00 723.00 For Private Circulation Only.
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