Technical Report
Date : 09/05/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5478
18290
TATAMOTOR
5.18
SESAGOA
2.63
BANKEX
3.71
High
5564
18568
ICICIBANK
4.80
CAIRN
2.28
AUTO
3.13
Low
5472
18272
HEROHOND
4.10
BHARTIARTL
2.22
IT
1.84
Close
5551
18519
HDFCBANK
3.93
RELINFRA
1.99
REALTY
1.45
% Chg
1.68
1.69
AXISBANK
3.91
STER
1.50
CG
1.30
Source : Falcon
SENSEX DLY CHART
After a consolidation of nearly four weeks indices have broken down from the price band of 19811 to 18976 /
5944 to 5693 levels. This fall halted after nine continuous sessions and at present, a relief rally / pullback is
underway. In this leg of the short-term up move, Indices may move towards 18940 - 19130 / 5680 - 5735 levels
where we expect selling pressure. Traders are advised to stay light on long positions, in view of the probable
Head and Shoulder bearish formation.
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
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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