Technical Report
Date : 12/01/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5768
19280
HINDALCO
5.34
SUZLON
2.33
REALTY
(2.74)
High
5843
19432
BAJAJ-AUTO
4.66
TCS
2.02
IT
(1.60)
Low
5698
19004
SESAGOA
4.48
JPASSOCIAT
1.90
TECK
(1.27)
Close
5754
19196
AXISBANK
4.42
JINDALSTEL
1.82
OIL&GAS
(0.85)
% Chg
(0.15)
(0.14)
RCOM
3.36
INFOSYSTCH
1.56
BANKEX
1.24
Source : Falcon
SENSEX DLY CHART
Markets opened higher, traded with extreme choppiness and finally managed to close on a flat note. On the daily
chart we are witnessing a “Spinning top” formation which reflects that the momentum on the downside is losing
steam. However, a bounce back up to 19400 - 19700 / 5800 - 5900 levels in couple of trading sessions cannot
be ruled out. On the flip side 18954 / 5690 level remains vital support, any breach of this level would lead the
indices to test 18684 / 5600 levels which is the 200 day SMA.
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
Research Team: 022-3952 6600
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