Technical Report
Date : 22/03/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5409
17985
SAIL
2.40
RANBAXY
6.81
HC
0.15
High
5413
18008
JINDALSTEEL
2.28
HINDALCO
3.00
BANKEX
0.04
Low
5348
17792
SUNPHARMA
2.12
AMBUJACEM
2.91
REALTY
(0.92)
Close
5364
17839
M&M
2.01
RPOWER
2.47
IT
(0.73)
% Chg
(0.17)
(0.22)
SUZLON
1.65
MARUTI
2.30
TECHK
(0.63)
Source : Falcon
SENSEX DLY CHART
Markets opened on a positive note but were unable to sustain higher levels and closed on a flat note. On the daily
chart immediate support is at 17700 - 17469 / 5300 - 5242 levels. Any close below 17700 / 5300 would activate
the” Pennant” formation which we have mentioned in the Weekly report. On the upside, 17960 - 18140 / 5400 -
5460 levels remains resistance for the day.
Stocks +ve Bias
Stocks -ve Bias
REL CAPITAL
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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