Technical Report
Date : 02/11/2010
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
6092
20272
ICICIBANK
6.23
MARUTI
2.88
CD
3.61
High
6132
20610
SUZLON
6.04
NTPC
1.18
BANKEX
3.38
Low
6085
20267
M&M
4.62
HEROHONDA
1.09
REALTY
2.90
Close
6118
20356
SUNPHARMA
4.32
SAIL
0.62
CG
2.18
% Chg
1.66
1.61
RANBAXY
3.98
RELIANCE
0.39
HC
1.82
Source : Falcon
SENSEX DLY CHART
Markets witnessed a gap up opening and traded in the positive territory throughout the day to close in green. On
the daily chart, immediate resistance is at 20452 / 6150 level. Since the prices have closed above the short term
moving average, momentum on the upside is likely to continue in coming trading session. On the upside if indices
trade convincingly above 20452 / 6150 level then they are likely to test 20578 - 20630 / 6200 - 6220 levels. On
the downside 20167 - 20092 / 6060 - 6036 may act as support for the day. Traders are advised to refrain from
taking aggressive positions as the market may be volatile on account of the RBI monetary policy and the FED
meet in the next 2 trading sessions.
Stocks +ve Bias
Stocks -ve Bias
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.
Technical Report
RESEARCH TEAM
Shardul Kulkarni
Head - Technicals
Brijesh Ail
Technical Analyst
Mileen Vasudeo
Technical Analyst
Research Team: 022-3952 6600
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