Technical Report
Date : 06/05/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5532
18485
HERO HOND
5.96
RANBAXY
6.33
REALTY
(2.89)
High
5560
18569
KOTAKBANK
2.30
RCOM
5.67
POWER
(2.40)
Low
5444
18161
MARUTI
0.76
PNB
5.53
FMCG
(1.82)
Close
5460
18211
GAIL
0.55
TATAPOWER
5.08
HC
(1.68)
% Chg
(0.50)
(0.35)
RELIANCE
0.18
RPOWER
4.91
BANKEX
(1.66)
Source : Falcon
NIFTY DLY CHART
Markets opened on a flat note and traded in a very narrow range during the first half of the session. But in the
second half, selling pressure with higher volumes intensified mainly in Realty, Power, FMCG and Banking
counters which dragged indices to close near day’s low. Also, indices have breached the upward sloping trend
line mentioned in our previous report. On the downside, the near term support levels are at 18050 - 17800 / 5400
- 5350 and resistance is at 18340 / 5500 level.
Stocks +ve Bias
Stocks -ve Bias
ORCHID
HINDALCO
BHEL
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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