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Date : 20/04/2010

                                                 Market Summary
                   Indices                 Top 5 Gainers         Top 5 Losers               Sectoral Watch
                  Nifty      Sensex       Stocks     % Gain   Stocks      % Loss         Sector         %G/L
Open                5279       17585      K S OIL     4.96    JSW STEEL     4.88         BANKEX          (0.34)
High                5279       17585      ZEE LTD     3.29    RENUKA        4.49         AUTO            (1.07)
Low                 5161       17277      PATNI       2.11    DLF           4.12         PSU             (1.18)
Close               5204       17401      YES BANK    1.76    CENTURY TEX   3.56         METAL           (2.11)
% Chg                 (1.10)     (1.08)   GRASIM      1.04    REL CAPITAL   2.75         REALTY          (2.51)




Source : Falcon                                                                             NIFTY FUTURE DLY CHART
Markets opened lower in the wake of weak global cues and witnessed selling during the first half of the day. An
intraday bounce in banking counters led the indices to close above 5200 mark. On the daily charts, we are
witnessing momentum oscillator viz., the stochastic, which is in an extremely oversold zone. Further, the coming
trading session is expected to remain volatile due to the announcement of RBI monetary policy during market
hours.
On the upside, if Nifty Future manages to close above today’s high i.e. 5226 level then it is likely to test 5300
levels in the coming trading sessions. On the down side, if 5160 is breached then we may witness selling
pressure up to 5100-5080 levels.


                      Stocks +ve Bias                                             Stocks -ve Bias
                         AXIS BANK                                                  EDUCOMP
                      BHARAT FORGE                                                   SIEMENS




       For Private Circulation Only.
PIVOTS
      Stocks              Close         S2             S1          Pivot         R1          R2
SENSEX                      17401.00    17113.00       17257.00     17421.00     17565.00    17729.00
NIFTY                        5204.00     5096.00        5150.00       5215.00     5268.00     5333.00
ABB                           850.00       823.00         837.00       846.00       859.00      869.00
ACC                           920.00       907.00         914.00       921.00       928.00      935.00
AMBUJACEM                     117.00       116.00         116.00       117.00       118.00      119.00
AXISBANK                     1159.00     1115.00        1137.00       1151.00     1173.00     1186.00
BHARTIARTL                    306.00       271.00         288.00       316.00       334.00      361.00
BHEL                         2470.00     2404.00        2437.00       2468.00     2501.00     2532.00
BPCL                          499.00       488.00         494.00       501.00       507.00      514.00
CAIRN                         299.00       293.00         296.00       300.00       303.00      307.00
CIPLA                         333.00       317.00         325.00       330.00       338.00      343.00
DLF                           317.00       306.00         311.00       320.00       325.00      334.00
GAIL                          404.00       399.00         402.00       405.00       408.00      412.00
HCLTECH                       349.00       339.00         344.00       348.00       353.00      357.00
HDFC                         2693.00     2579.00        2636.00       2676.00     2733.00     2772.00
HDFCBANK                     1934.00     1907.00        1920.00       1940.00     1953.00     1972.00
HEROHONDA                    1896.00     1857.00        1877.00       1898.00     1917.00     1938.00
HINDALCO                      178.00       167.00         172.00       176.00       181.00      185.00
HINDUNILVR                    225.00       222.00         224.00       225.00       226.00      228.00
ICICIBANK                     920.00       892.00         906.00       916.00       930.00      940.00
IDEA                            67.00       64.00          65.00         66.00       68.00       68.00
IDFC                          162.00       156.00         159.00       161.00       164.00      166.00
INFOSYSTCH                   2752.00     2716.00        2734.00       2754.00     2772.00     2793.00
ITC                           265.00       256.00         260.00       267.00       272.00      278.00
JINDALSTEL                    719.00       696.00         708.00       716.00       727.00      736.00
JPASSOCIAT                    146.00       142.00         144.00       145.00       148.00      149.00
KOTAKBANK                     725.00       686.00         705.00       720.00       739.00      754.00
LT                           1576.00     1532.00        1554.00       1569.00     1591.00     1605.00
M&M                           504.00       482.00         493.00       501.00       512.00      520.00
MARUTI                       1332.00     1308.00        1320.00       1336.00     1349.00     1365.00
NTPC                          206.00       200.00         203.00       206.00       209.00      212.00
ONGC                         1004.00       981.00         992.00      1011.00     1022.00     1041.00
PNB                           992.00       960.00         976.00       987.00     1003.00     1014.00
POWERGRID                     108.00       106.00         107.00       107.00       108.00      109.00
RANBAXY                       446.00       430.00         438.00       444.00       452.00      459.00
RCOM                          167.00       162.00         165.00       166.00       169.00      170.00
RELCAPITAL                    731.00       717.00         724.00       734.00       741.00      752.00
RELIANCE                     1062.00     1035.00        1049.00       1064.00     1077.00     1093.00
RELINFRA                     1089.00     1068.00        1078.00       1095.00     1105.00     1121.00
RPOWER                        154.00       150.00         152.00       154.00       156.00      158.00
SAIL                          221.00       216.00         218.00       222.00       225.00      229.00
SBIN                         2032.00     1997.00        2015.00       2030.00     2048.00     2063.00
SIEMENS                       710.00       686.00         698.00       716.00       728.00      746.00
STER                          812.00       787.00         799.00       814.00       826.00      840.00
SUNPHARMA                    1763.00     1726.00        1744.00       1768.00     1786.00     1810.00
SUZLON                          70.00       69.00          69.00         70.00       71.00       72.00
TATAMOTORS                    776.00       757.00         766.00       773.00       782.00      789.00
TATAPOWER                    1314.00     1290.00        1302.00       1313.00     1325.00     1336.00
TATASTEEL                     670.00       648.00         659.00       673.00       684.00      699.00
TCS                           812.00       788.00         800.00       813.00       824.00      837.00
UNITECH                         80.00       77.00          79.00         80.00       81.00       82.00
WIPRO                         704.00       690.00         697.00       708.00       716.00      727.00


     For Private Circulation Only.
RESEARCH TEAM

Shardul Kulkarni                                    Head - Technicals
Ajit Joshi                                          AVP - TAS
Brijesh Ail                                         Manager - TAS
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
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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
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update or keep the information current. Also there may be regulatory, compliance, or other reasons that may prevent Angel Broking and affiliates from
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Tech report 20.04.2010

  • 1. Date : 20/04/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 5279 17585 K S OIL 4.96 JSW STEEL 4.88 BANKEX (0.34) High 5279 17585 ZEE LTD 3.29 RENUKA 4.49 AUTO (1.07) Low 5161 17277 PATNI 2.11 DLF 4.12 PSU (1.18) Close 5204 17401 YES BANK 1.76 CENTURY TEX 3.56 METAL (2.11) % Chg (1.10) (1.08) GRASIM 1.04 REL CAPITAL 2.75 REALTY (2.51) Source : Falcon NIFTY FUTURE DLY CHART Markets opened lower in the wake of weak global cues and witnessed selling during the first half of the day. An intraday bounce in banking counters led the indices to close above 5200 mark. On the daily charts, we are witnessing momentum oscillator viz., the stochastic, which is in an extremely oversold zone. Further, the coming trading session is expected to remain volatile due to the announcement of RBI monetary policy during market hours. On the upside, if Nifty Future manages to close above today’s high i.e. 5226 level then it is likely to test 5300 levels in the coming trading sessions. On the down side, if 5160 is breached then we may witness selling pressure up to 5100-5080 levels. Stocks +ve Bias Stocks -ve Bias AXIS BANK EDUCOMP BHARAT FORGE SIEMENS For Private Circulation Only.
  • 2. PIVOTS Stocks Close S2 S1 Pivot R1 R2 SENSEX 17401.00 17113.00 17257.00 17421.00 17565.00 17729.00 NIFTY 5204.00 5096.00 5150.00 5215.00 5268.00 5333.00 ABB 850.00 823.00 837.00 846.00 859.00 869.00 ACC 920.00 907.00 914.00 921.00 928.00 935.00 AMBUJACEM 117.00 116.00 116.00 117.00 118.00 119.00 AXISBANK 1159.00 1115.00 1137.00 1151.00 1173.00 1186.00 BHARTIARTL 306.00 271.00 288.00 316.00 334.00 361.00 BHEL 2470.00 2404.00 2437.00 2468.00 2501.00 2532.00 BPCL 499.00 488.00 494.00 501.00 507.00 514.00 CAIRN 299.00 293.00 296.00 300.00 303.00 307.00 CIPLA 333.00 317.00 325.00 330.00 338.00 343.00 DLF 317.00 306.00 311.00 320.00 325.00 334.00 GAIL 404.00 399.00 402.00 405.00 408.00 412.00 HCLTECH 349.00 339.00 344.00 348.00 353.00 357.00 HDFC 2693.00 2579.00 2636.00 2676.00 2733.00 2772.00 HDFCBANK 1934.00 1907.00 1920.00 1940.00 1953.00 1972.00 HEROHONDA 1896.00 1857.00 1877.00 1898.00 1917.00 1938.00 HINDALCO 178.00 167.00 172.00 176.00 181.00 185.00 HINDUNILVR 225.00 222.00 224.00 225.00 226.00 228.00 ICICIBANK 920.00 892.00 906.00 916.00 930.00 940.00 IDEA 67.00 64.00 65.00 66.00 68.00 68.00 IDFC 162.00 156.00 159.00 161.00 164.00 166.00 INFOSYSTCH 2752.00 2716.00 2734.00 2754.00 2772.00 2793.00 ITC 265.00 256.00 260.00 267.00 272.00 278.00 JINDALSTEL 719.00 696.00 708.00 716.00 727.00 736.00 JPASSOCIAT 146.00 142.00 144.00 145.00 148.00 149.00 KOTAKBANK 725.00 686.00 705.00 720.00 739.00 754.00 LT 1576.00 1532.00 1554.00 1569.00 1591.00 1605.00 M&M 504.00 482.00 493.00 501.00 512.00 520.00 MARUTI 1332.00 1308.00 1320.00 1336.00 1349.00 1365.00 NTPC 206.00 200.00 203.00 206.00 209.00 212.00 ONGC 1004.00 981.00 992.00 1011.00 1022.00 1041.00 PNB 992.00 960.00 976.00 987.00 1003.00 1014.00 POWERGRID 108.00 106.00 107.00 107.00 108.00 109.00 RANBAXY 446.00 430.00 438.00 444.00 452.00 459.00 RCOM 167.00 162.00 165.00 166.00 169.00 170.00 RELCAPITAL 731.00 717.00 724.00 734.00 741.00 752.00 RELIANCE 1062.00 1035.00 1049.00 1064.00 1077.00 1093.00 RELINFRA 1089.00 1068.00 1078.00 1095.00 1105.00 1121.00 RPOWER 154.00 150.00 152.00 154.00 156.00 158.00 SAIL 221.00 216.00 218.00 222.00 225.00 229.00 SBIN 2032.00 1997.00 2015.00 2030.00 2048.00 2063.00 SIEMENS 710.00 686.00 698.00 716.00 728.00 746.00 STER 812.00 787.00 799.00 814.00 826.00 840.00 SUNPHARMA 1763.00 1726.00 1744.00 1768.00 1786.00 1810.00 SUZLON 70.00 69.00 69.00 70.00 71.00 72.00 TATAMOTORS 776.00 757.00 766.00 773.00 782.00 789.00 TATAPOWER 1314.00 1290.00 1302.00 1313.00 1325.00 1336.00 TATASTEEL 670.00 648.00 659.00 673.00 684.00 699.00 TCS 812.00 788.00 800.00 813.00 824.00 837.00 UNITECH 80.00 77.00 79.00 80.00 81.00 82.00 WIPRO 704.00 690.00 697.00 708.00 716.00 727.00 For Private Circulation Only.
  • 3. RESEARCH TEAM Shardul Kulkarni Head - Technicals Ajit Joshi AVP - TAS Brijesh Ail Manager - TAS 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.