Technical Report- June 25, 2010
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- The key Indian indices, Nifty and Sensex, opened flat but were unable to sustain gains and closed in the red. - The top gainers were AXIS BANK, LT, and IDFC, while the biggest losers were KOTAK BANK, AMBUJACEM, and ICICIBANK. - The market is showing a narrow range formation for the second consecutive day, indicating an absence of a clear trend direction. Support levels are seen at 17700/5300 and resistance at 17853-17900/5350-5364.
Technical Report- June 25, 2010
- 1. Date : 25/06/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 5323 17751 AXISBANK 1.41 KOTAKBANK 3.64 REALTY (0.78) High 5348 17846 LT 1.41 AMBUJACEM 2.74 OIL&GAS (0.66) Low 5285 17633 IDFC 1.34 ICICIBANK 2.27 BANKEX (0.56) Close 5321 17730 SUNPHARMA 1.26 HCLTECH 2.09 METAL (0.50) % Chg (0.14) (0.05) PNB 1.21 UNITECH 1.91 FMCG 1.01 Source : Falcon SENSEX DLY CHART Markets opened on a flat note and witnessed some momentum on the upside in the early hour of trade but were unable to sustain the gains which led the indices to close in red. On the daily chart for the second consecutive trading session we are witnessing a narrow range body formation which indicates that there is no clear direction of the trend. We maintain our view ,that if indices trade convincingly below 17700 / 5300 levels then it is likely to test 17654 – 17525 / 5266 – 5245 levels. On the upside momentum would resume only once the resistance levels of 17853 – 17900 / 5350 – 5364 are crossed. Stocks +ve Bias Stocks -ve Bias AXIS BANK INDIAN HOTEL 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 17730.00 17523.00 17627.00 17736.00 17840.00 17949.00 NIFTY 5321.00 5254.00 5287.00 5318.00 5351.00 5382.00 ABB 883.00 864.00 873.00 881.00 890.00 898.00 ACC 871.00 848.00 860.00 878.00 890.00 908.00 AMBUJACEM 118.00 114.00 116.00 119.00 121.00 123.00 AXISBANK 1263.00 1229.00 1246.00 1257.00 1274.00 1286.00 BHARTIARTL 263.00 260.00 262.00 264.00 265.00 268.00 BHEL 2455.00 2382.00 2418.00 2442.00 2478.00 2501.00 BPCL 551.00 538.00 544.00 555.00 561.00 571.00 CAIRN 309.00 303.00 306.00 309.00 312.00 315.00 CIPLA 341.00 335.00 338.00 340.00 344.00 346.00 DLF 289.00 281.00 285.00 289.00 294.00 298.00 GAIL 477.00 462.00 469.00 475.00 482.00 487.00 HCLTECH 364.00 345.00 355.00 362.00 372.00 379.00 HDFC 3022.00 2949.00 2986.00 3013.00 3049.00 3077.00 HDFCBANK 2002.00 1969.00 1985.00 1996.00 2012.00 2023.00 HEROHONDA 2058.00 2010.00 2034.00 2049.00 2073.00 2088.00 HINDALCO 151.00 147.00 149.00 151.00 153.00 155.00 HINDUNILVR 271.00 262.00 267.00 270.00 275.00 279.00 ICICIBANK 886.00 865.00 875.00 889.00 899.00 912.00 IDEA 56.00 55.00 55.00 56.00 56.00 56.00 IDFC 171.00 166.00 168.00 171.00 173.00 176.00 INFOSYSTCH 2823.00 2763.00 2793.00 2813.00 2843.00 2864.00 ITC 306.00 297.00 301.00 305.00 309.00 312.00 JINDALSTEL 657.00 641.00 649.00 659.00 667.00 676.00 JPASSOCIAT 130.00 126.00 128.00 130.00 132.00 134.00 KOTAKBANK 756.00 735.00 746.00 760.00 771.00 785.00 LT 1792.00 1753.00 1772.00 1785.00 1804.00 1817.00 M&M 632.00 612.00 622.00 630.00 640.00 648.00 MARUTI 1387.00 1346.00 1366.00 1392.00 1412.00 1438.00 NTPC 195.00 192.00 193.00 196.00 197.00 199.00 ONGC 1189.00 1157.00 1173.00 1192.00 1208.00 1227.00 PNB 1064.00 1042.00 1053.00 1061.00 1072.00 1080.00 POWERGRID 101.00 100.00 101.00 102.00 103.00 104.00 RANBAXY 455.00 446.00 450.00 456.00 460.00 466.00 RCOM 188.00 182.00 185.00 188.00 190.00 193.00 RELCAPITAL 760.00 745.00 752.00 761.00 769.00 778.00 RELIANCE 1052.00 1037.00 1044.00 1055.00 1063.00 1074.00 RELINFRA 1162.00 1133.00 1148.00 1171.00 1185.00 1209.00 RPOWER 167.00 164.00 166.00 168.00 170.00 172.00 SAIL 199.00 195.00 197.00 200.00 202.00 205.00 SBIN 2358.00 2326.00 2342.00 2354.00 2370.00 2382.00 SIEMENS 740.00 726.00 733.00 740.00 747.00 754.00 STER 174.00 168.00 171.00 175.00 178.00 183.00 SUNPHARMA 1810.00 1753.00 1782.00 1803.00 1832.00 1853.00 SUZLON 58.00 56.00 57.00 58.00 59.00 60.00 TATAMOTORS 785.00 772.00 779.00 788.00 795.00 804.00 TATAPOWER 1319.00 1295.00 1307.00 1316.00 1328.00 1338.00 TATASTEEL 498.00 488.00 493.00 500.00 505.00 511.00 TCS 773.00 756.00 765.00 777.00 785.00 797.00 UNITECH 74.00 72.00 73.00 75.00 76.00 78.00 WIPRO 402.00 394.00 398.00 403.00 407.00 411.00 For Private Circulation Only.
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