Technical Report
Date : 23/12/2010
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
6019
20119
BHARTIARTL
3.05
SUZLON
2.47
METAL
0.65
High
6024
20151
RANBAXY
2.13
MARUTI
2.32
OIL&GAS
(0.71)
Low
5958
19931
BPCL
1.86
HEROHONDA
2.24
CG
(0.61)
Close
5984
20016
HINDALCO
1.82
RELINFRA
2.17
BANKEX
(0.55)
% Chg
(0.27)
(0.22)
JINDALSTEL
1.44
HDFCBANK
1.70
CD
(0.47)
Source : Falcon
SENSEX DLY CHART
Markets opened marginally higher and traded in a narrow range throughout the first half of the session. But in the
second half, indices gave up some of their recent gains to close in the red. We expect indices to trade in a range
of 20151 to 19925 / 6025 to 5940 levels in coming trading session. If indices trade convincingly above 20151 /
6025 level then they are likely to test 20217 / 6070 level in coming trading session. On the downside, 19711 -
19600 / 5960 - 5900 levels may act as supports for the day.
Stocks +ve Bias
Stocks -ve Bias
JINDAL POLY
SUZLON
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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