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daily technical Jun 11

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daily technical Jun 11 Powered By Docstoc
					         11th JUNE 2010


         Vinit Pagaria, ACA, FRM
         Ranajit Kumar Saha

         E-mail: vpagaria@microsec.in
         E-mail : rksaha@microsec.in




314537
DAILY TECHNICAL
                                   NIFTY DAILY CHART




   DAILY TECHNICAL VIEW
               BUY/SELL        CMP          TARGET 1   TARGET 2   TARGET 3   STOP LOSS

   RELINFRA      BUY         1121.55           1129      1138       1149       1109

   SAIL          BUY          197.90            202       204       208         193




                           NIFTY (5078.60)
              Resistance levels             Support levels
              Resistance 1: 5110            Support 1:5050
              Resistance 2: 5152            Support 2: 5005
              Resistance 3: 5190            Support 3: 4960
                                                                                 Page 1
DAILY TECHNICAL


               BSE SECTORAL INDICES                                        BSE SECTORAL INDICES

                       TOP GAINERS                                              TOP LOSERS
 Sector                        Value      % Change       Sector                           Value    % Change
 AUTO                         7982.43         3.53                     -                    -         -
 METAL                        14425.32        2.29                     -                    -         -
 TECK                         3198.96         1.94                     -                    -         -
 REALTY                       2984.11         1.83                     -                    -         -
 HC                           5626.29         1.74                     -                    -         -
 Source: BSE                                             Source: BSE




                MARKET INDICATORS                                          MARKET INDICATORS

                   TOP NIFTY GAINERS                                          TOP NIFTY LOSERS
 Company                        LTP        % Change      Company                           LTP     % Change
 RELINFRA                     1128.35         5.58       POWERGRID                        101.80    (0.63)
 HEROHONDA                    2010.10         4.66       PNB                          1018.30       (0.17)
 BHARTIARTL                    284.70         4.65       BPCL                             552.20    (0.10)
 TATAMOTORS                    761.90         4.65       ONGC                              1190     (0.03)
 HINDALCO                       139           4.55       -                                  -         -
 Source: NSE                                             Source: NSE




                                  ASIAN MARKET PERFORMERS

          Index                            Close      Points of Diff            % Change
          HANG SENG                      19632.70            11.46                 0.06
          NIKKEI 225                      9542.65        103.52                    1.10
          KOSPI                           1651.70            4.48                  0.27
          TAIWAN                          7181.77        110.10                    1.56
          SHANGHAI COMPOSITE              2562.58        (21.29)                  (0.82)
          Source: Bloomberg




                                                                                                    Page 2
DAILY TECHNICAL
                                                 MARKET OUTLOOK

                                               NIFTY (5078.60, Up 78.30)
          The rally of Indian equity market continued for the second day on Thursday. All
          the BSE sectoral indices were closed in green, lead by auto and metal.
          Yesterday benchmark Nifty opened flat, traded in a range (5010-5040)
          maximum hours of the trading season. In the afternoon season it gained some
          strength and the buying was witnessed across the board. At last Nifty closed at
          5078.60, up by 78.30 basis points or 1.57%.

          Nifty has broken 200 DMA at 5221 and able to close above this level on
          yesterday trading season. So the rally will continue to 50 DMA at 5255. If it able
          to maintain above 5252, the short term target of Nifty will be 5330.

          Intraday, Nifty support is 5050 and the resistance is 5110. if Nifty breaks 5050, it
          may go to 5005 and 4960, but if nifty able to maintain above 5110, it may faces
          the resistance of 5152 then 5190.



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