Technical Report
Date : 07/01/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
6107
20396
SUNPHARMA
2.45
AMBUJACEM
5.43
REALTY
(2.41)
High
6116
20426
TCS
1.90
ACC
4.17
CG
(1.88)
Low
6022
20107
HCLTECH
1.62
STER
3.66
AUTO
(1.59)
Close
6048
20185
HINDALCO
1.54
BAJAJ-AUTO
3.64
CD
(1.41)
% Chg
(0.52)
(0.57)
NTPC
1.38
ONGC
3.42
BANKEX
(1.14)
Source : Falcon
SENSEX DLY CHART
Markets opened higher but the upside momentum was short lived as selling intensified as the day progressed
which led the indices to close in red. On the daily chart, we are observing that prices have tested the 20 day EMA
and have marginally close above it. In coming trading session a bounce in the range of 20300 to 20400 / 6081 to
6120 cannot be ruled out. On the flip side if 20100 /6020 level is breached then 19980 - 19890 / 5980 - 5950
levels may be tested on the downside.
Stocks +ve Bias
Stocks -ve Bias
POWER GRID
KTKBANK
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
Research Team: 022-3952 6600
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