Techical Report June 28, 2010
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The market indices ended the day lower, with the Nifty down 0.97% and Sensex down 0.88%. BPCL gained the most at 12.6% while ICICIBANK lost the most at 3.8%. Most sectors ended lower except for oil & gas which gained 2.88% and PSU which gained 1.13%. For the coming week, the indices are expected to trade in the range of 17000-17920 for Sensex and 5100-5366 for Nifty. Key support and resistance levels are identified. Specific stocks with positive and negative bias are also mentioned. Pivot points are provided for various stocks to watch their near term movement.
Techical Report June 28, 2010
- 1. Date : 28/06/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 5321 17705 BPCL 12.60 ICICIBANK 3.80 BANKEX (2.19) High 5321 17715 ONGC 6.19 STER 3.68 METAL (1.85) Low 5260 17547 RCOM 3.38 HDFC 2.92 IT (1.42) Close 5269 17575 CIPLA 1.80 M&M 2.90 OIL &GAS 2.88 % Chg (0.97) (0.88) IDEA 1.80 SBIN 2.87 PSU 1.13 Source : Falcon SENSEX DLY CHART Broadly speaking, the indices are likely to trade in the range of 17000 / 5100 on the downside and 17920 / 5366 on the upside in the coming week. Since the intermediate trend is still up there is a possibility that the indices may find support at Fibonacci retracement levels of 17400 – 17240 – 17080 / 5214 – 5167 – 5120. On the upside, momentum would resume only once the resistance levels of 17920 / 5366 are crossed and indices may test 7th April 2010 highs of 18047 / 5400 levels. The uptrend on the Daily chart would be under serious threat if 16970 / 5090 levels are breached on the downside. . Stocks +ve Bias Stocks -ve Bias CILPA TCS HDFC 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 17575.00 17444.00 17509.00 17612.00 17677.00 17780.00 NIFTY 5269.00 5223.00 5246.00 5283.00 5306.00 5344.00 ABB 873.00 866.00 870.00 875.00 878.00 883.00 ACC 862.00 849.00 855.00 865.00 871.00 880.00 AMBUJACEM 117.00 114.00 116.00 117.00 118.00 119.00 AXISBANK 1249.00 1214.00 1232.00 1255.00 1272.00 1295.00 BHARTIARTL 263.00 260.00 261.00 264.00 265.00 267.00 BHEL 2452.00 2417.00 2434.00 2455.00 2472.00 2492.00 BPCL 621.00 509.00 565.00 600.00 656.00 690.00 CAIRN 311.00 300.00 305.00 311.00 317.00 323.00 CIPLA 347.00 336.00 342.00 346.00 351.00 356.00 DLF 286.00 280.00 283.00 287.00 290.00 294.00 GAIL 484.00 446.00 465.00 491.00 510.00 536.00 HCLTECH 359.00 351.00 355.00 359.00 362.00 366.00 HDFC 2935.00 2874.00 2905.00 2957.00 2988.00 3040.00 HDFCBANK 1948.00 1908.00 1928.00 1960.00 1980.00 2012.00 HEROHONDA 2056.00 2026.00 2041.00 2053.00 2068.00 2080.00 HINDALCO 149.00 146.00 147.00 149.00 151.00 153.00 HINDUNILVR 266.00 261.00 263.00 267.00 270.00 273.00 ICICIBANK 857.00 833.00 845.00 863.00 875.00 894.00 IDEA 57.00 55.00 56.00 56.00 57.00 58.00 IDFC 169.00 165.00 167.00 169.00 171.00 174.00 INFOSYSTCH 2778.00 2746.00 2762.00 2787.00 2803.00 2828.00 ITC 301.00 295.00 298.00 303.00 306.00 311.00 JINDALSTEL 642.00 628.00 635.00 646.00 653.00 665.00 JPASSOCIAT 129.00 126.00 128.00 130.00 131.00 133.00 KOTAKBANK 751.00 740.00 745.00 754.00 760.00 769.00 LT 1759.00 1726.00 1743.00 1769.00 1785.00 1811.00 M&M 613.00 585.00 599.00 617.00 632.00 650.00 MARUTI 1397.00 1352.00 1375.00 1398.00 1420.00 1444.00 NTPC 196.00 193.00 194.00 196.00 198.00 199.00 ONGC 1263.00 1142.00 1203.00 1247.00 1308.00 1352.00 PNB 1049.00 1015.00 1032.00 1048.00 1066.00 1082.00 POWERGRID 101.00 100.00 101.00 101.00 102.00 103.00 RANBAXY 451.00 440.00 446.00 454.00 459.00 467.00 RCOM 192.00 185.00 189.00 192.00 196.00 199.00 RELCAPITAL 769.00 742.00 756.00 768.00 782.00 794.00 RELIANCE 1063.00 1033.00 1048.00 1058.00 1073.00 1083.00 RELINFRA 1167.00 1135.00 1151.00 1172.00 1188.00 1209.00 RPOWER 168.00 163.00 166.00 169.00 171.00 174.00 SAIL 195.00 190.00 193.00 197.00 200.00 204.00 SBIN 2301.00 2244.00 2272.00 2314.00 2342.00 2384.00 SIEMENS 730.00 715.00 723.00 732.00 739.00 749.00 STER 168.00 163.00 165.00 169.00 172.00 176.00 SUNPHARMA 1791.00 1761.00 1776.00 1797.00 1812.00 1834.00 SUZLON 58.00 57.00 57.00 58.00 58.00 59.00 TATAMOTORS 769.00 751.00 760.00 775.00 783.00 798.00 TATAPOWER 1310.00 1287.00 1298.00 1312.00 1323.00 1337.00 TATASTEEL 490.00 480.00 485.00 493.00 499.00 507.00 TCS 759.00 744.00 751.00 763.00 771.00 783.00 UNITECH 73.00 72.00 73.00 74.00 75.00 76.00 WIPRO 389.00 376.00 383.00 394.00 401.00 412.00 For Private Circulation Only.
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