Technical Report
Date : 28/01/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5725
19087
TATAMOTOR
2.32
DLF
6.24
REALTY
(3.57)
High
5726
19087
SESAGOA
2.06
STER
4.83
HC
(2.61)
Low
5595
18656
AMBUJACEM
1.89
M&M
4.71
METAL
(1.98)
Close
5604
18684
ACC
1.59
RCOM
4.44
BANKEX
(1.85)
% Chg
(1.46)
(1.50)
TCS
1.05
RANBAXY
4.03
CD
(1.81)
Source : Falcon
SENSEX DLY CHART
Markets traded with negative bias as selling gradually intensified as the day progressed which led the indices to
close near day low. On the daily charts, we are witnessing that indices have breached and closed below the 200-
day SMA which is sign of weakness. Hence ,in coming trading session, if indices trade convincingly below 18656
/ 5590 levels then they are likely to test 18536 - 18386 / 5550 - 5500 levels. On the upside, 18860 - 19000 /
5650 - 5700 levels may act as resistance for the day.
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
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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