Technical Report
Date : 11/05/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5556
18565
NTPC
4.63
SUNPHARMA
2.07
FMCG
1.20
High
5593
18689
HINDUNILVR
4.58
M&M
1.84
REALTY
1.12
Low
5515
18429
STER
3.07
AMBUJACEM
1.72
POWER
0.48
Close
5541
18513
RANBAXY
2.89
HEROHONDA
1.70
BANKEX
(0.63)
% Chg
(0.18)
(0.09)
JPASSOCIAT
2.48
HDFCBANK
1.47
CD
(0.60)
Source : Falcon
NIFTY DLY CHART
Markets opened flat, witnessed a rally in the first half of the session which was short lived that lead the indices to
close marginally in red. On the daily chart, we are observing that prices are unable to close above the short term
5-day EMA which indicates the bias is on the negative side. In coming trading session if indices sustain above
18570 / 5560 levels then they are likely to test 18689 - 18758 / 5595 - 5625 levels. However, on the downside if
18429 / 5515 level is breached then indices may test 18271 / 5470 levels.
Stocks +ve Bias
Stocks -ve Bias
JSW STEEL
TATA MOTORS
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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