Technical Report
Date : 22/12/2010
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5960
19926
STER
5.14
SUNPHARMA
2.88
METAL
2.76
High
6007
20091
RANBAXY
4.53
BPCL
1.48
BANKEX
2.34
Low
5960
19926
SESAGOA
3.98
SUZLON
1.36
REALTY
1.25
Close
6001
20060
HINDALCO
3.95
ACC
1.15
OIL&GAS
0.79
% Chg
0.90
0.86
AXISBANK
3.55
DRREDDY
1.01
CD
0.58
Source : Falcon
SENSEX DLY CHART
Market opened higher and traded in the positive territory throughout the day to close in green. On the daily chart
we are observing that prices have closed well above the downward sloping trendline which is sign of strength.
Hence, in the coming trading session if indices trade convincingly above 20100 / 6010 levels then they are likely
to test 20217 - 20380 / 6070 - 6150 levels. On the downside, 19711 - 19600 / 5960 - 5900 levels may act as
support for the day.
Stocks +ve Bias
Stocks -ve Bias
HINDALCO
TECH MAHINDRA
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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