Docstoc

Tech_20Report_2023.11.2010

Document Sample
Tech_20Report_2023.11.2010 Powered By Docstoc
					                                                                                       Technical Report

                                                                                            Date : 23/11/2010

                                               Market Summary
                   Indices               Top 5 Gainers             Top 5 Losers                Sectoral Watch
                  Nifty     Sensex      Stocks    % Gain       Stocks         % Loss        Sector           %G/L
Open                5921      19714     IDFC       4.71        POWERGRID        0.74        BANKEX            2.64
High                6020      19989     JPASSOCIAT 4.48        NTPC             0.41        CD                2.59
Low                 5905      19641     WIPRO      4.17        DRREDDY          0.31        IT                2.50
Close               6010      19958     KOTAKBANK 4.08         L&T              0.30        TECHK             2.22
% Chg                  2.03      1.90   ICICIBANK  3.77        STER             0.14        REALTY            2.01




Source : Falcon                                                                                       SENSEX DLY CHART
Markets opened up with a gap and momentum on the upside gradually picked up which led the indices to close
near days high. In coming trading session if indices trade convincingly above 19990 / 6020 levels then they are
likely to test 20057 – 20250 / 6076 -6100.On the downside,19720 – 19504 / 5934 – 5865 may act support for the
day.




                      Stocks +ve Bias                                               Stocks -ve Bias
                        ICICI BANK
                         HDFC LTD



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                      19958.00    19515.00       19736.00     19863.00       20084.00    20210.00
NIFTY                        6010.00     5863.00        5937.00       5978.00       6052.00     6094.00
ABB                           852.00       812.00         832.00       845.00         865.00      878.00
ACC                          1026.00     1005.00        1016.00       1027.00       1038.00     1049.00
AMBUJACEM                     146.00       143.00         145.00       147.00         148.00      150.00
AXISBANK                     1431.00     1334.00        1382.00       1418.00       1466.00     1502.00
BHARTIARTL                    337.00       331.00         334.00       337.00         340.00      343.00
BHEL                         2270.00     2214.00        2242.00       2260.00       2288.00     2306.00
BPCL                          717.00       696.00         707.00       714.00         725.00      732.00
CAIRN                         320.00       310.00         315.00       319.00         325.00      329.00
CIPLA                         348.00       334.00         341.00       346.00         353.00      357.00
DLF                           319.00       304.00         311.00       316.00         323.00      328.00
GAIL                          495.00       480.00         488.00       493.00         500.00      505.00
HCLTECH                       390.00       363.00         377.00       385.00         398.00      407.00
HDFC                          719.00       692.00         706.00       713.00         726.00      734.00
HDFCBANK                     2380.00     2274.00        2327.00       2359.00       2412.00     2444.00
HEROHONDA                    1955.00     1892.00        1923.00       1944.00       1975.00     1996.00
HINDALCO                      215.00       210.00         212.00       215.00         218.00      221.00
HINDUNILVR                    300.00       294.00         297.00       300.00         303.00      306.00
ICICIBANK                    1180.00     1125.00        1152.00       1173.00       1200.00     1221.00
IDEA                            72.00       69.00          71.00         73.00         75.00       77.00
IDFC                          193.00       182.00         188.00       191.00         196.00      200.00
INFOSYSTCH                   3044.00     2931.00        2987.00       3028.00       3084.00     3124.00
ITC                           176.00       168.00         172.00       174.00         178.00      180.00
JINDALSTEL                    658.00       641.00         650.00       657.00         665.00      672.00
JPASSOCIAT                    126.00       119.00         123.00       124.00         128.00      130.00
KOTAKBANK                     481.00       455.00         468.00       476.00         489.00      497.00
LT                           2044.00     2019.00        2032.00       2048.00       2061.00     2078.00
M&M                           767.00       720.00         743.00       758.00         781.00      795.00
MARUTI                       1421.00     1382.00        1401.00       1415.00       1434.00     1448.00
NTPC                          183.00       180.00         181.00       184.00         186.00      188.00
ONGC                         1297.00     1222.00        1260.00       1282.00       1319.00     1342.00
PNB                          1307.00     1248.00        1278.00       1298.00       1328.00     1348.00
POWERGRID                     101.00        97.00          99.00       101.00         103.00      104.00
RANBAXY                       572.00       551.00         562.00       568.00         579.00      586.00
RCOM                          149.00       145.00         147.00       149.00         152.00      154.00
RELCAPITAL                    700.00       658.00         679.00       693.00         714.00      727.00
RELIANCE                     1012.00       989.00       1001.00       1009.00       1020.00     1028.00
RELINFRA                      948.00       911.00         929.00       944.00         962.00      977.00
RPOWER                        171.00       164.00         167.00       170.00         174.00      177.00
SAIL                          189.00       184.00         187.00       189.00         191.00      193.00
SBIN                         3040.00     2954.00        2997.00       3023.00       3066.00     3093.00
SIEMENS                       796.00       776.00         786.00       792.00         803.00      809.00
STER                          175.00       168.00         172.00       175.00         179.00      182.00
SUNPHARMA                    2231.00     2113.00        2172.00       2208.00       2267.00     2303.00
SUZLON                          52.00       51.00          52.00         52.00         53.00       54.00
TATAMOTORS                   1228.00     1175.00        1201.00       1217.00       1244.00     1260.00
TATAPOWER                    1348.00     1286.00        1317.00       1336.00       1367.00     1386.00
TATASTEEL                     625.00       602.00         613.00       620.00         632.00      639.00
TCS                          1039.00     1000.00        1019.00       1031.00       1051.00     1063.00
UNITECH                         70.00       66.00          68.00         69.00         71.00       72.00
WIPRO                         418.00       394.00         406.00       413.00         425.00      432.00


     For Private Circulation Only.
                                                                                                                    Technical Report

                                                                  RESEARCH TEAM

Shardul Kulkarni                                    Head - Technicals
Brijesh Ail                                         Technical Analyst
Mileen Vasudeo                                      Technical Analyst




For any Queries, Suggestions and Feedback kindly mail to vasudeo.kamalakant@angeltrade.com

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.

				
DOCUMENT INFO
Categories:
Tags:
Stats:
views:119
posted:11/23/2010
language:English
pages:3