Technical Report
Date : 29/04/2011
Market Summary
Indices
Top 5 Gainers
Top 5 Losers
Sectoral Watch
Nifty
Sensex
Stocks
% Gain
Stocks
% Loss
Sector
% G / L
Open
5851
19533
SUNPHARMA
1.81
RCOM
5.04
REALTY
(3.03)
High
5856
19542
ONGC
1.53
KOTAKBANK
3.59
METAL
(1.20)
Low
5857
19532
BPCL
0.64
SAIL
3.53
IT
(1.12)
Close
5785
19292
ICICIBANK
0.48
RANBAXY
3.52
CG
(1.06)
% Chg
(0.83)
(0.81)
STER
0.38
HEROHONDA
3.07
TECK
(0.93)
Source : Falcon
NIFTY DLY CHART
Markets opened higher but selling gradually picked up as the day progressed which lead the indices to close in
red. On the daily chart, prices have tested the 20-day EMA and we are seeing that the hourly chart is in an
oversold zone. Hence a bounce up to 19408 - 19495 / 5820 - 5850 cannot be ruled out. On the flip side if indices
trade below 19265 / 5776 levels then they are likely to test 200 day SMA of 19139 / 5745 or even 19000 / 5700
levels.
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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