Technical Report
Date : 11/02/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5246
17603
RELINFRA
9.75
SBIN
3.37
TECK
(1.54)
High
5273
17637
JPASSOCIAT
5.76
BHARTIARTL
2.81
IT
(1.53)
Low
5197
17363
SAIL
4.05
INFOSYSTCH
2.51
REALTY
(1.03)
Close
5226
17463
RANBAXY
2.63
STER
2.32
AUTO
0.83
% Chg
(0.53)
(0.74)
IDFC
2.60
HDFC
2.27
POWER
0.82
Source : Falcon
SENSEX DLY CHART
Markets opened on a flat note traded with extreme choppiness to close in red. On the daily chart, we are
observing a “Spinning top” which suggests that the prior downtrend is losing momentum. Even the RSI on hourly
chart, is giving divergence which suggests of a pull back rally in offing. In the coming trading session, if indices
trade convincingly above 17640 / 5275 levels then they are likely to test 17750 - 17864 / 5300 - 5340 levels. On
the downside, 17362 - 17200 / 5196 - 5150 are immediate support for the indices.
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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