Technical Report
Date : 15/03/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5437
18167
RELCAPITAL
9.90
SUZLON
2.73
OIL&GAS
2.24
High
5537
18464
RCOM
5.66
ONGC
0.23
METAL
2.01
Low
5434
18155
BPCL
4.68
BHARTIARTL
0.09
IT
1.48
Close
5532
18439
GAIL
3.98
SIEMENS
0.03
BANKEX
1.36
% Chg
1.58
1.46
RELINFRA
3.75
POWER
1.27
Source : Falcon
SENSEX DLY CHART
Markets opened flat but gradually picked up momentum on the upside as the day progressed which led the
indices to close near days high. On the daily chart, after series of narrow range body formation we are observing
a wide range positive candle which is above the 20-day EMA. This suggests upside in coming trading session.
On the upside if indices trade above 18465 / 5539 levels then it would breach downward sloping trend line.
Indices are then likely to test 18583 - 18737 / 5565 - 5608 levels. On the downside 18310 - 18214 / 5490 - 5460
levels may act as support for the day.
Stocks +ve Bias
Stocks -ve Bias
SAIL
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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