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Technical Report

                                                                                            Date : 08/10/2010

                                                 Market Summary
                   Indices                 Top 5 Gainers           Top 5 Losers                Sectoral Watch
                  Nifty      Sensex       Stocks    % Gain     Stocks         % Loss        Sector           %G/L
Open                6187       20544      TATAPOWER 2.12       TATASTEEL        4.36        REALTY            (2.80)
High                6199       20581      CIPLA      1.80      SESAGOA          3.30        METAL             (1.70)
Low                 6108       20273      DRREDDY    1.14      RELINFRA         3.13        IT                (1.30)
Close               6120       20315      BHARTIARTL 0.82      IDFC             3.07        CG                (1.26)
% Chg                 (1.07)     (1.11)   HEROHONDA 0.78       DLF              3.05        CD                (1.10)




Source : Falcon                                                                                       SENSEX DLY CHART
Markets opened on a flat note and witnessed profit booking in the final hour of trade which led the indices to
close in red. On the daily chart we are observing that the high of the shooting star 20707 / 6222 is acting as a
strong resistance for the market. Since the intermediate daily trend is up there is a possibility that indices may
find support at 20290 – 20189 / 6094 – 6063 levels. Any move beyond the high of the shooting star, 20707 / 6222
level, would resume the up-trend.




                      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

                                                    PIVOTS
      Stocks              Close         S2             S1          Pivot           R1          R2
SENSEX                      20315.00    20081.00       20198.00     20390.00       20507.00    20698.00
NIFTY                        6120.00     6050.00        6085.00       6142.00       6177.00     6234.00
ABB                           935.00       900.00         917.00       933.00         951.00      967.00
ACC                          1031.00     1002.00        1017.00       1033.00       1048.00     1065.00
AMBUJACEM                     142.00       139.00         140.00       143.00         144.00      146.00
AXISBANK                     1569.00     1549.00        1559.00       1571.00       1581.00     1593.00
BHARTIARTL                    355.00       349.00         352.00       356.00         359.00      363.00
BHEL                         2606.00     2527.00        2566.00       2630.00       2669.00     2733.00
BPCL                          753.00       728.00         741.00       758.00         771.00      789.00
CAIRN                         340.00       333.00         336.00       341.00         345.00      349.00
CIPLA                         331.00       324.00         327.00       330.00         334.00      337.00
DLF                           381.00       368.00         375.00       385.00         392.00      402.00
GAIL                          484.00       475.00         479.00       486.00         491.00      498.00
HCLTECH                       430.00       421.00         426.00       432.00         436.00      442.00
HDFC                          726.00       705.00         715.00       733.00         743.00      760.00
HDFCBANK                     2434.00     2400.00        2417.00       2443.00       2460.00     2487.00
HEROHONDA                    1844.00     1811.00        1827.00       1839.00       1855.00     1867.00
HINDALCO                      212.00       204.00         208.00       213.00         216.00      221.00
HINDUNILVR                    296.00       286.00         291.00       300.00         305.00      313.00
ICICIBANK                    1138.00     1121.00        1129.00       1140.00       1148.00     1159.00
IDEA                            72.00       70.00          71.00         73.00         74.00       76.00
IDFC                          205.00       197.00         201.00       207.00         211.00      217.00
INFOSYSTCH                   3053.00     3009.00        3031.00       3064.00       3087.00     3120.00
ITC                           172.00       169.00         171.00       173.00         174.00      176.00
JINDALSTEL                    736.00       717.00         727.00       740.00         750.00      763.00
JPASSOCIAT                    135.00       131.00         133.00       136.00         138.00      141.00
KOTAKBANK                     513.00       501.00         507.00       515.00         521.00      529.00
LT                           2037.00     1994.00        2015.00       2048.00       2069.00     2102.00
M&M                           725.00       702.00         714.00       730.00         742.00      758.00
MARUTI                       1490.00     1460.00        1475.00       1500.00       1515.00     1539.00
NTPC                          215.00       212.00         214.00       216.00         217.00      219.00
ONGC                         1384.00     1359.00        1371.00       1386.00       1399.00     1413.00
PNB                          1315.00     1288.00        1301.00       1311.00       1325.00     1335.00
POWERGRID                     109.00       106.00         108.00       110.00         112.00      114.00
RANBAXY                       577.00       557.00         567.00       584.00         594.00      610.00
RCOM                          178.00       171.00         175.00       180.00         183.00      188.00
RELCAPITAL                    852.00       827.00         839.00       861.00         874.00      895.00
RELIANCE                     1039.00     1019.00        1029.00       1042.00       1052.00     1066.00
RELINFRA                     1088.00     1049.00        1069.00       1102.00       1121.00     1155.00
RPOWER                        166.00       162.00         164.00       167.00         169.00      172.00
SAIL                          226.00       217.00         222.00       228.00         233.00      239.00
SBIN                         3220.00     3186.00        3203.00       3225.00       3242.00     3264.00
SIEMENS                       820.00       807.00         813.00       825.00         832.00      843.00
STER                          176.00       172.00         174.00       177.00         179.00      182.00
SUNPHARMA                    2039.00     2014.00        2026.00       2046.00       2058.00     2077.00
SUZLON                          58.00       56.00          57.00         59.00         60.00       62.00
TATAMOTORS                   1129.00     1101.00        1115.00       1131.00       1145.00     1162.00
TATAPOWER                    1438.00     1363.00        1401.00       1433.00       1471.00     1503.00
TATASTEEL                     650.00       625.00         637.00       660.00         672.00      695.00
TCS                           949.00       923.00         936.00       951.00         964.00      979.00
UNITECH                         94.00       89.00          92.00         95.00         97.00      101.00
WIPRO                         458.00       450.00         454.00       460.00         464.00      470.00


     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.

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Technical Report - 8 October 2010

  • 1. Technical Report Date : 08/10/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 6187 20544 TATAPOWER 2.12 TATASTEEL 4.36 REALTY (2.80) High 6199 20581 CIPLA 1.80 SESAGOA 3.30 METAL (1.70) Low 6108 20273 DRREDDY 1.14 RELINFRA 3.13 IT (1.30) Close 6120 20315 BHARTIARTL 0.82 IDFC 3.07 CG (1.26) % Chg (1.07) (1.11) HEROHONDA 0.78 DLF 3.05 CD (1.10) Source : Falcon SENSEX DLY CHART Markets opened on a flat note and witnessed profit booking in the final hour of trade which led the indices to close in red. On the daily chart we are observing that the high of the shooting star 20707 / 6222 is acting as a strong resistance for the market. Since the intermediate daily trend is up there is a possibility that indices may find support at 20290 – 20189 / 6094 – 6063 levels. Any move beyond the high of the shooting star, 20707 / 6222 level, would resume the up-trend. 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.
  • 2. Technical Report PIVOTS Stocks Close S2 S1 Pivot R1 R2 SENSEX 20315.00 20081.00 20198.00 20390.00 20507.00 20698.00 NIFTY 6120.00 6050.00 6085.00 6142.00 6177.00 6234.00 ABB 935.00 900.00 917.00 933.00 951.00 967.00 ACC 1031.00 1002.00 1017.00 1033.00 1048.00 1065.00 AMBUJACEM 142.00 139.00 140.00 143.00 144.00 146.00 AXISBANK 1569.00 1549.00 1559.00 1571.00 1581.00 1593.00 BHARTIARTL 355.00 349.00 352.00 356.00 359.00 363.00 BHEL 2606.00 2527.00 2566.00 2630.00 2669.00 2733.00 BPCL 753.00 728.00 741.00 758.00 771.00 789.00 CAIRN 340.00 333.00 336.00 341.00 345.00 349.00 CIPLA 331.00 324.00 327.00 330.00 334.00 337.00 DLF 381.00 368.00 375.00 385.00 392.00 402.00 GAIL 484.00 475.00 479.00 486.00 491.00 498.00 HCLTECH 430.00 421.00 426.00 432.00 436.00 442.00 HDFC 726.00 705.00 715.00 733.00 743.00 760.00 HDFCBANK 2434.00 2400.00 2417.00 2443.00 2460.00 2487.00 HEROHONDA 1844.00 1811.00 1827.00 1839.00 1855.00 1867.00 HINDALCO 212.00 204.00 208.00 213.00 216.00 221.00 HINDUNILVR 296.00 286.00 291.00 300.00 305.00 313.00 ICICIBANK 1138.00 1121.00 1129.00 1140.00 1148.00 1159.00 IDEA 72.00 70.00 71.00 73.00 74.00 76.00 IDFC 205.00 197.00 201.00 207.00 211.00 217.00 INFOSYSTCH 3053.00 3009.00 3031.00 3064.00 3087.00 3120.00 ITC 172.00 169.00 171.00 173.00 174.00 176.00 JINDALSTEL 736.00 717.00 727.00 740.00 750.00 763.00 JPASSOCIAT 135.00 131.00 133.00 136.00 138.00 141.00 KOTAKBANK 513.00 501.00 507.00 515.00 521.00 529.00 LT 2037.00 1994.00 2015.00 2048.00 2069.00 2102.00 M&M 725.00 702.00 714.00 730.00 742.00 758.00 MARUTI 1490.00 1460.00 1475.00 1500.00 1515.00 1539.00 NTPC 215.00 212.00 214.00 216.00 217.00 219.00 ONGC 1384.00 1359.00 1371.00 1386.00 1399.00 1413.00 PNB 1315.00 1288.00 1301.00 1311.00 1325.00 1335.00 POWERGRID 109.00 106.00 108.00 110.00 112.00 114.00 RANBAXY 577.00 557.00 567.00 584.00 594.00 610.00 RCOM 178.00 171.00 175.00 180.00 183.00 188.00 RELCAPITAL 852.00 827.00 839.00 861.00 874.00 895.00 RELIANCE 1039.00 1019.00 1029.00 1042.00 1052.00 1066.00 RELINFRA 1088.00 1049.00 1069.00 1102.00 1121.00 1155.00 RPOWER 166.00 162.00 164.00 167.00 169.00 172.00 SAIL 226.00 217.00 222.00 228.00 233.00 239.00 SBIN 3220.00 3186.00 3203.00 3225.00 3242.00 3264.00 SIEMENS 820.00 807.00 813.00 825.00 832.00 843.00 STER 176.00 172.00 174.00 177.00 179.00 182.00 SUNPHARMA 2039.00 2014.00 2026.00 2046.00 2058.00 2077.00 SUZLON 58.00 56.00 57.00 59.00 60.00 62.00 TATAMOTORS 1129.00 1101.00 1115.00 1131.00 1145.00 1162.00 TATAPOWER 1438.00 1363.00 1401.00 1433.00 1471.00 1503.00 TATASTEEL 650.00 625.00 637.00 660.00 672.00 695.00 TCS 949.00 923.00 936.00 951.00 964.00 979.00 UNITECH 94.00 89.00 92.00 95.00 97.00 101.00 WIPRO 458.00 450.00 454.00 460.00 464.00 470.00 For Private Circulation Only.
  • 3. 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.