Technical report- June 17,2010
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The market indices opened on a positive note but traded in a narrow range and closed with marginal gains. Top gainers were M&M, TATAMOTOR, RELCAPITAL, STER and HDFC, while top losers were SAIL, AXISBANK, RPOWER, ACC and IDFC. Auto and IT sectors saw gains while metal and banking sectors saw losses. Momentum was seen on the upside once key resistance levels were crossed, while support levels were identified for downside movement. Specific stocks were highlighted as positive and negative biased over the next 2-3 days.
Technical report- June 17,2010
- 1. Date : 17/06/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 5225 17500 M&M 4.45 SAIL 2.06 AUTO 1.29 High 5256 17530 TATAMOTOR 2.46 AXISBANK 2.04 IT 0.82 Low 5215 17407 RELCAPITAL 2.21 RPOWER 2.00 TECK 0.65 Close 5233 17463 STER 2.11 ACC 1.86 CD 0.44 % Chg 0.21 0.29 HDFC 1.82 IDFC 1.85 BANKEX 0.34 Source : Falcon SENSEX DLY CHART Markets opened on a positive note, traded in a narrow range and finally closed with marginal gains. On the daily charts, for second consecutive trading session we are witnessing a narrow range body which indicates indecisiveness / consolidation at current levels. In coming trading session momentum on the upside would only be seen once 17531 / 5256 levels are crossed and indices could test 17640 – 17770 / 5300 – 5330 levels. On the downside, 17168 – 17057 / 5146 – 5111 levels may act support for the day. Stocks +ve Bias Stocks -ve Bias ZEE ENTER MARUTI 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 17463.00 17344.00 17403.00 17467.00 17526.00 17590.00 NIFTY 5233.00 5194.00 5214.00 5235.00 5254.00 5275.00 ABB 861.00 846.00 854.00 862.00 869.00 878.00 ACC 864.00 845.00 854.00 870.00 879.00 895.00 AMBUJACEM 116.00 114.00 115.00 116.00 117.00 118.00 AXISBANK 1221.00 1194.00 1207.00 1229.00 1242.00 1263.00 BHARTIARTL 266.00 259.00 263.00 268.00 271.00 276.00 BHEL 2392.00 2358.00 2375.00 2397.00 2414.00 2436.00 BPCL 534.00 506.00 520.00 530.00 544.00 553.00 CAIRN 309.00 304.00 306.00 310.00 312.00 315.00 CIPLA 333.00 322.00 328.00 336.00 342.00 351.00 DLF 278.00 271.00 274.00 277.00 280.00 283.00 GAIL 464.00 455.00 459.00 463.00 467.00 471.00 HCLTECH 382.00 375.00 379.00 384.00 388.00 393.00 HDFC 2913.00 2835.00 2874.00 2899.00 2938.00 2963.00 HDFCBANK 1976.00 1956.00 1966.00 1978.00 1988.00 2000.00 HEROHONDA 2017.00 1980.00 1998.00 2020.00 2038.00 2059.00 HINDALCO 145.00 142.00 144.00 146.00 147.00 149.00 HINDUNILVR 256.00 252.00 254.00 257.00 260.00 263.00 ICICIBANK 877.00 852.00 865.00 872.00 884.00 892.00 IDEA 55.00 53.00 54.00 55.00 56.00 57.00 IDFC 162.00 158.00 160.00 163.00 165.00 168.00 INFOSYSTCH 2769.00 2726.00 2748.00 2764.00 2785.00 2801.00 ITC 291.00 285.00 288.00 291.00 294.00 298.00 JINDALSTEL 652.00 638.00 645.00 655.00 662.00 672.00 JPASSOCIAT 127.00 124.00 126.00 127.00 128.00 130.00 KOTAKBANK 765.00 750.00 757.00 766.00 774.00 783.00 LT 1721.00 1694.00 1708.00 1724.00 1737.00 1754.00 M&M 629.00 600.00 615.00 625.00 640.00 651.00 MARUTI 1364.00 1318.00 1341.00 1356.00 1379.00 1393.00 NTPC 200.00 197.00 199.00 201.00 203.00 205.00 ONGC 1165.00 1140.00 1152.00 1166.00 1178.00 1192.00 PNB 1042.00 1019.00 1031.00 1044.00 1055.00 1068.00 POWERGRID 103.00 101.00 102.00 103.00 104.00 105.00 RANBAXY 432.00 423.00 428.00 436.00 441.00 449.00 RCOM 187.00 177.00 182.00 188.00 193.00 200.00 RELCAPITAL 758.00 715.00 736.00 753.00 775.00 792.00 RELIANCE 1058.00 1044.00 1051.00 1062.00 1069.00 1079.00 RELINFRA 1178.00 1144.00 1161.00 1185.00 1202.00 1226.00 RPOWER 175.00 169.00 172.00 176.00 179.00 183.00 SAIL 198.00 193.00 195.00 200.00 202.00 206.00 SBIN 2362.00 2303.00 2332.00 2375.00 2404.00 2446.00 SIEMENS 722.00 709.00 715.00 720.00 726.00 731.00 STER 690.00 667.00 678.00 690.00 701.00 713.00 SUNPHARMA 1703.00 1668.00 1686.00 1697.00 1714.00 1726.00 SUZLON 57.00 56.00 57.00 58.00 58.00 59.00 TATAMOTORS 780.00 755.00 768.00 778.00 791.00 801.00 TATAPOWER 1256.00 1206.00 1231.00 1248.00 1273.00 1289.00 TATASTEEL 486.00 475.00 480.00 489.00 494.00 503.00 TCS 775.00 761.00 768.00 774.00 781.00 787.00 UNITECH 70.00 68.00 69.00 70.00 72.00 73.00 WIPRO 409.00 400.00 404.00 410.00 414.00 419.00 For Private Circulation Only.
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