Technical Report
Date : 28/03/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5589
18481
DLF
5.72
RANBAXY
0.81
IT
4.02
High
5667
18858
INFOSYSTCH
4.97
GAIL
0.32
TECK
3.49
Low
5561
18481
WIPRO
3.86
SIEMENS
0.13
BANKEX
2.72
Close
5654
18816
NTPC
3.84
REALTY
2.72
% Chg
2.39
2.53
AXISBANK
3.53
CG
2.23
Source : Falcon
SENSEX DLY CHART
After trading in the band of 17470 / 5233 on the downside and 18737 / 5608 on the upside since the past six
weeks, the indices have closed well above the upper range of the band. On the Daily Sensex charts, prices
tested the upper trendline of the pattern, which now resembles a Ascending Triangle whereas in the Nifty Daily
chart it has given a breakout of the said pattern. The two consecutive trading sessions with upward Gaps reflect
continuation of the up move. At present immediate resistance is at the rising 200-day SMA which is at 18950 /
5689 levels. Any close above this level would see the indices testing 19340 - 19575 / 5800 - 5874 levels. On the
downside, 18453 - 18199 / 5545 - 5470 may act as a support for the week.
Stocks +ve Bias
Stocks -ve Bias
LIC HSG FIN
ABG SHIPYARD
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
PIVOTS
Stocks
Close
S2
S1
Pivot
R1
R2
SENSEX
18816.00
18341.00
18578.00
18718.00
18956.00
19096.00
NIFTY
5654.00
5521.00
5588.00
5627.00
5694.00
5734.00
ABB
784.00
763.00
773.00
787.00
797.00
811.00
ACC
1038.00
1029.00
1033.00
1038.00
1042.00
1047.00
AMBUJACEM
138.00
135.00
137.00
138.00
139.00
141.00
AXISBANK
1365.00
1311.00
1338.00
1354.00
1381.00
1397.00
BHARTIARTL
340.00
329.00
334.00
338.00
343.00
347.00
BHEL
2091.00
2042.00
2067.00
2084.00
2109.00
2126.00
BPCL
592.00
561.00
577.00
587.00
603.00
613.00
CAIRN
351.00
344.00
348.00
351.00
354.00
357.00
CIPLA
308.00
302.00
305.00
307.00
310.00
313.00
DLF
249.00
231.00
240.00
245.00
255.00
260.00
GAIL
459.00
441.00
450.00
460.00
468.00
478.00
HCLTECH
471.00
451.00
461.00
470.00
480.00
489.00
HDFC
664.00
637.00
650.00
659.00
672.00
681.00
HDFCBANK
2265.00
2172.00
2218.00
2247.00
2293.00
2322.00
HEROHONDA
1491.00
1461.00
1476.00
1488.00
1503.00
1514.00
HINDALCO
207.00
202.00
204.00
207.00
209.00
211.00
HINDUNILVR
271.00
266.00
269.00
271.00
273.00
275.00
ICICIBANK
1091.00
1045.00
1068.00
1082.00
1106.00
1120.00
IDEA
64.00
61.00
62.00
64.00
65.00
67.00
IDFC
156.00
151.00
153.00
155.00
157.00
159.00
INFOSYSTCH
3163.00
2984.00
3074.00
3129.00
3219.00
3274.00
ITC
177.00
172.00
175.00
176.00
179.00
181.00
JINDALSTEL
666.00
650.00
658.00
667.00
675.00
683.00
JPASSOCIAT
90.00
89.00
90.00
90.00
91.00
92.00
KOTAKBANK
453.00
436.00
445.00
450.00
458.00
464.00
LT
1598.00
1541.00
1570.00
1589.00
1617.00
1637.00
M&M
673.00
652.00
663.00
674.00
684.00
695.00
MARUTI
1182.00
1153.00
1168.00
1176.00
1191.00
1200.00
NTPC
183.00
172.00
177.00
181.00
186.00
189.00
ONGC
276.00
270.00
273.00
275.00
278.00
281.00
PNB
1143.00
1117.00
1130.00
1138.00
1151.00
1160.00
POWERGRID
98.00
97.00
98.00
98.00
99.00
99.00
RANBAXY
441.00
433.00
437.00
442.00
446.00
451.00
RCOM
107.00
102.00
105.00
107.00
109.00
111.00
RELCAPITAL
583.00
566.00
575.00
580.00
588.00
593.00
RELIANCE
1027.00
1002.00
1014.00
1022.00
1034.00
1042.00
RELINFRA
652.00
625.00
638.00
646.00
660.00
668.00
RPOWER
125.00
122.00
123.00
124.00
126.00
127.00
SAIL
168.00
162.00
165.00
167.00
170.00
172.00
SBIN
2711.00
2622.00
2666.00
2693.00
2737.00
2764.00
SIEMENS
875.00
866.00
871.00
875.00
880.00
884.00
STER
169.00
165.00
167.00
169.00
171.00
173.00
SUNPHARMA
458.00
445.00
452.00
461.00
467.00
476.00
SUZLON
46.00
45.00
45.00
46.00
46.00
46.00
TATAMOTORS
1184.00
1148.00
1166.00
1179.00
1197.00
1210.00
TATAPOWER
1305.00
1238.00
1271.00
1297.00
1330.00
1356.00
TATASTEEL
615.00
605.00
610.00
614.00
619.00
622.00
TCS
1120.00
1093.00
1106.00
1117.00
1131.00
1142.00
UNITECH
40.00
39.00
39.00
40.00
41.00
42.00
WIPRO
456.00
438.00
447.00
453.00
462.00
468.00
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
For any Queries, Suggestions and Feedback kindly mail to [email protected]
Research Team: 022-3952 6600
Website: www.angelbroking.com
DISCLAIMER:
This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or
redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions.
Opinion expressed is our current opinion as of the date appearing on this material only. While we endeavor to update on a reasonable basis the
information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Prospective investors and
others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Our proprietary trading and
investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein.
The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be
true and are for general guidance only. While every effort is made to ensure the accuracy and completeness of information contained, the company
takes no guarantee and assumes no liability for any errors or omissions of the information. No one can use the information as the basis for any claim,
demand or cause of action.
Recipients of this material should rely on their own investigations and take their own professional advice. Each recipient of this document should make
such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this
document (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment. Price
and value of the investments referred to in this material may go up or down. Past performance is not a guide for future performance. Certain
transactions - futures, options and other derivatives as well as non-investment grade securities - involve substantial risks and are not suitable for all
investors. Reports based on technical analysis centers on studying charts of a stock's price movement and trading volume, as opposed to focusing on a
company's fundamentals and as such, may not match with a report on a company's fundamentals.
We do not undertake to advise you as to any change of our views expressed in this document. While we would endeavor to update the information
herein on a reasonable basis, Angel Broking, its subsidiaries and associated companies, their directors and employees are under no obligation to
update or keep the information current. Also there may be regulatory, compliance, or other reasons that may prevent Angel Broking and affiliates from
doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without
notice.
Angel Broking Limited and affiliates, including the analyst who has issued this report, may, on the date of this report, and from time to time, have long or
short positions in, and buy or sell the securities of the companies mentioned herein or engage in any other transaction involving such securities and earn
brokerage or compensation or act as advisor or have other potential conflict of interest with respect to company/ies mentioned herein or inconsistent
with any recommendation and related information and opinions.
Angel Broking Limited and affiliates may seek to provide or have engaged in providing corporate finance, investment banking or other advisory services
in a merger or specific transaction to the companies referred to in this report, as on the date of this report or in the past.
Sebi Registration No : INB 010996539
For Private Circulation Only.