Technical Report - 12 October 2010
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The market summary provides an overview of the performance of key indices and sectors in the Indian market on the given date. The Nifty and Sensex opened higher and traded in a narrow range before closing with minor gains. On a sectoral basis, automobiles and metals performed positively while oil & gas and technology saw declines. Top gainers were led by Tata Motors and Kotak Bank, while top losers included Bharti Airtel and Axis Bank. The technical analysis indicates the market may test resistance levels in the coming sessions if indices trade above certain thresholds. Key support and resistance levels are also provided for various stocks.
Technical Report - 12 October 2010
- 1. Technical Report Date : 12/10/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 6106 20250 TATAMOTOR 4.78 BHARTIARTL 2.52 AUTO 1.93 High 6188 20461 KOTAKBANK 3.36 AXISBANK 1.42 METAL 1.57 Low 6106 20250 STER 2.96 NTPC 1.05 OIL&GAS 1.29 Close 6136 20340 RANBAXY 2.58 HDFCBANK 0.65 CD 0.65 % Chg 0.53 0.44 RELINFRA 2.31 LT 0.65 TECK (0.31) Source : Falcon SENSEX DLY CHART Markets opened higher traded in a narrow range with choppiness to close in green .On the daily chart we are witnessing a narrow range body formation which suggests indecisiveness prevailing at current levels. In coming trading session if indices trade convincingly above 20461 / 6187 level then it is likely to test 20707 / 6222 level (High of the Shooting Star). On the downside, 20180 / 6063 may act support for the day. Stocks +ve Bias Stocks -ve Bias GTOFFSHORE 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 20340.00 20139.00 20240.00 20350.00 20451.00 20561.00 NIFTY 6136.00 6061.00 6099.00 6143.00 6180.00 6225.00 ABB 922.00 903.00 912.00 924.00 933.00 945.00 ACC 1015.00 1001.00 1008.00 1019.00 1026.00 1037.00 AMBUJACEM 142.00 138.00 140.00 141.00 143.00 145.00 AXISBANK 1551.00 1497.00 1524.00 1565.00 1592.00 1632.00 BHARTIARTL 343.00 332.00 337.00 347.00 352.00 362.00 BHEL 2575.00 2539.00 2557.00 2585.00 2603.00 2631.00 BPCL 744.00 732.00 738.00 746.00 752.00 760.00 CAIRN 345.00 330.00 337.00 346.00 353.00 362.00 CIPLA 339.00 325.00 332.00 337.00 344.00 349.00 DLF 383.00 374.00 378.00 385.00 389.00 395.00 GAIL 496.00 486.00 491.00 494.00 499.00 503.00 HCLTECH 431.00 421.00 426.00 431.00 436.00 442.00 HDFC 721.00 615.00 668.00 764.00 818.00 914.00 HDFCBANK 2389.00 2325.00 2357.00 2399.00 2431.00 2473.00 HEROHONDA 1874.00 1832.00 1853.00 1866.00 1888.00 1901.00 HINDALCO 215.00 211.00 213.00 216.00 218.00 221.00 HINDUNILVR 295.00 291.00 293.00 296.00 298.00 302.00 ICICIBANK 1133.00 1112.00 1122.00 1134.00 1144.00 1156.00 IDEA 71.00 70.00 70.00 71.00 72.00 72.00 IDFC 209.00 203.00 206.00 208.00 211.00 213.00 INFOSYSTCH 3074.00 3038.00 3056.00 3077.00 3095.00 3115.00 ITC 173.00 170.00 171.00 173.00 174.00 176.00 JINDALSTEL 729.00 719.00 724.00 730.00 735.00 741.00 JPASSOCIAT 132.00 130.00 131.00 133.00 134.00 136.00 KOTAKBANK 520.00 500.00 510.00 517.00 527.00 534.00 LT 2038.00 1893.00 1965.00 2015.00 2088.00 2138.00 M&M 708.00 691.00 699.00 709.00 718.00 728.00 MARUTI 1517.00 1482.00 1499.00 1513.00 1531.00 1544.00 NTPC 213.00 209.00 211.00 214.00 216.00 219.00 ONGC 1361.00 1335.00 1348.00 1366.00 1379.00 1397.00 PNB 1319.00 1303.00 1311.00 1320.00 1328.00 1337.00 POWERGRID 110.00 108.00 109.00 110.00 111.00 113.00 RANBAXY 600.00 580.00 590.00 596.00 606.00 612.00 RCOM 184.00 176.00 180.00 183.00 187.00 190.00 RELCAPITAL 860.00 841.00 851.00 861.00 870.00 881.00 RELIANCE 1069.00 1046.00 1057.00 1065.00 1077.00 1084.00 RELINFRA 1097.00 1062.00 1079.00 1093.00 1111.00 1125.00 RPOWER 165.00 160.00 163.00 165.00 167.00 169.00 SAIL 226.00 218.00 222.00 226.00 230.00 233.00 SBIN 3265.00 3233.00 3249.00 3261.00 3277.00 3290.00 SIEMENS 822.00 813.00 817.00 823.00 827.00 832.00 STER 180.00 173.00 176.00 179.00 182.00 184.00 SUNPHARMA 2070.00 2033.00 2051.00 2075.00 2094.00 2118.00 SUZLON 59.00 56.00 57.00 59.00 60.00 61.00 TATAMOTORS 1152.00 1086.00 1119.00 1139.00 1172.00 1192.00 TATAPOWER 1423.00 1398.00 1411.00 1425.00 1437.00 1451.00 TATASTEEL 640.00 625.00 633.00 639.00 646.00 652.00 TCS 941.00 916.00 929.00 941.00 954.00 966.00 UNITECH 95.00 90.00 92.00 97.00 99.00 104.00 WIPRO 464.00 455.00 459.00 464.00 468.00 473.00 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.