Technical Report
Date : 19/11/2010
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
6076
19998
HEROHOND
5.93
RCOM
4.67
METAL
1.89
High
6076
20056
CIPLA
4.73
RELCAPITAL
4.20
AUTO
1.40
Low
5907
19616
HINDALCO
4.32
CARIN
3.28
HC
0.97
Close
5999
19931
BHARTIARTL
4.32
ICICIBANK
2.94
CD
(1.42)
% Chg
0.17
0.33
TATASTEEL
2.86
AXISBANK
2.56
BANKEX
(1.60)
Source : Falcon
SENSEX DLY CHART
Markets traded with extreme choppiness but finally manage to close in green. On the daily chart we are
observing that the prices breached the crucial support levels of 19769 / 5937 on intraday basis, but have
managed to close well above it and have formed a candlestick pattern that resembles a “Hammer”. Hence in
coming trading session only if indices trade convincingly above 20056 / 6076 levels then they are likely to test
20088- 20216 / 6100 - 6120 levels. On the downside, any close below 19769 / 5937 would intensify selling
pressure and indices may test 19598 / 5880 levels.
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
Brijesh Ail
Technical Analyst
Mileen Vasudeo
Technical Analyst
Research Team: 022-3952 6600
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