Technical Report
Date : 14/12/2010
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5883
19600
RELINFRA
3.89
AMBUJACEM
3.17
REALTY
2.79
High
5914
19711
HDFC
3.80
ACC
2.32
METAL
2.10
Low
5796
19321
DLF
3.53
M&M
2.02
POWER
2.09
Close
5908
19692
SAIL
3.12
ITC
1.76
CG
1.68
% Chg
0.86
0.94
TATAMOTOR
3.08
RANBAXY
1.57
FMCG
(0.13)
Source : Falcon
SENSEX DLY CHART
Markets opened on a subdued note traded with negative bias in the early hour of trade but recovered from the
low point of the day to close in positive territory. On the daily chart, the momentum oscillators viz. RSI and the
Stochastic are positively poised which suggests further upside momentum. Hence, in the coming trading session
if indices trade convincingly above 19771 / 5930 levels then they are likely to test 19875 - 20008 / 5960 - 6000
levels. On the downside, 19550 - 19320 / 5860 - 5800 may act as support for the day.
-
Stocks +ve Bias
Stocks -ve Bias
HDIL
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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