Technical Report
Date : 05/05/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5568
18558
ONGC
5.73
ACC
6.20
AUTO
(1.33)
High
5579
18604
BPCL
4.18
AMBUJACEM
5.61
TECK
(1.13)
Low
5503
18340
PNB
3.47
BAJAJAUTO
4.91
IT
(1.08)
Close
5537
18469
HDFCBANK
1.76
DRREDDY
4.64
METAL
(1.05)
% Chg
(0.50)
(0.35)
RANBAXY
1.62
GRASIM
4.57
OIL&GAS
1.21
Source : Falcon
NIFTY DLY CHART
Markets opened flat and traded with negative bias with choppiness to close in red. On the daily chart we are
observing that prices test the upward sloping trendline joining the two significant lows of 17295 and 17469 / 5177
and 5232. At present the upward sloping trendline holds significance. As long as indices trade above this
trendline, a bounce up to 18600 - 18700 / 5600 - 5620 cannot be ruled out. On the other hand if indices breach
18339 / 5500 level then on the downside indices may test 18250 - 18140 / 5450 - 5420 levels.
Stocks +ve Bias
Stocks -ve Bias
L&T
REL INFRA
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
Mileen Vasudeo
Technical Analyst
Sameet Chavan
Technical Analyst
Sacchitanand Uttekar
Technical Analyst
Mehul Kothari
Technical Analyst
Research Team: 022-3952 6600
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