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Date : 09/04/2010

                                                      Market Summary
                   Indices                   Top 5 Gainers           Top 5 Losers             Sectoral Watch
                  Nifty        Sensex       Stocks      % Gain   Stocks       % Loss       Sector        %G/L
Open               5376.00      17951.00    IDEA          1.71   SAIL             7.11     OIL&GAS        (1.88)
High               5384.00      17961.00    BPCL          0.51   HINDALCO         4.66     METAL          (1.87)
Low                5290.00      17679.00    INFOSYS       0.51   HDFC             3.08     BANKEX         (1.65)
Close              5304.00      17714.00    DLF           0.27   ICICI BANK       2.79     REALTY          0.55
% Chg                 (1.31)       (1.42)   WIPRO         0.09   CAIRN            2.36     CD              2.25




Source : Falcon                                                                                  SENSEX DAILY CHART
Markets opened lower in the wake of weak global cues and selling was witnessed till the end of the day to close
near days low. On the daily charts we are witnessing that prices are trading in a channel and have test the lower
trendline of the channel. The momentum oscillators viz the RSI and stochastic have given a double crossover,
which suggests that if prices breaks the lower trendline of the channel, then we could see further weakness. The
value of the trendline is at 17679 / 5290. On the downside, indices then are likely to test 5260 – 5228 levels.
However, a bounce from current levels up to 17820 – 17864 / 5332 – 5345 levels cannot be ruled out.




                      Stocks +ve Bias                                               Stocks -ve Bias
                       MPHASIS LTD                                                       HDFC
                       INDIA CEMENT                                                 UNION BANK




       For Private Circulation Only.
PIVOTS
      Stocks              Close         S2             S1          Pivot         R1          R2
SENSEX                      17714.00    17503.00       17609.00     17785.00     17890.00    18066.00
NIFTY                        5304.00     5233.00        5269.00       5326.00     5362.00     5420.00
ABB                           826.00       810.00         818.00       829.00       837.00      848.00
ACC                           965.00       944.00         954.00       971.00       981.00      998.00
AMBUJACEM                     120.00       116.00         118.00       120.00       121.00      123.00
AXISBANK                     1157.00     1142.00        1149.00       1157.00     1165.00     1173.00
BHARTIARTL                    313.00       303.00         308.00       315.00       320.00      326.00
BHEL                         2492.00     2439.00        2466.00       2510.00     2537.00     2582.00
BPCL                          509.00       497.00         503.00       508.00       514.00      520.00
CAIRN                         304.00       294.00         299.00       305.00       310.00      315.00
CIPLA                         335.00       327.00         331.00       335.00       339.00      343.00
DLF                           334.00       317.00         326.00       335.00       344.00      353.00
GAIL                          427.00       417.00         422.00       429.00       434.00      440.00
GRASIM                       2844.00     2773.00        2808.00       2856.00     2892.00     2940.00
HCLTECH                       345.00       338.00         341.00       347.00       351.00      357.00
HDFC                         2726.00     2653.00        2690.00       2751.00     2788.00     2849.00
HDFCBANK                     1903.00     1873.00        1888.00       1909.00     1924.00     1945.00
HEROHONDA                    2017.00     1974.00        1996.00       2028.00     2049.00     2082.00
HINDALCO                      177.00       170.00         173.00       179.00       182.00      188.00
HINDUNILVR                    223.00       219.00         221.00       224.00       226.00      229.00
ICICIBANK                     961.00       939.00         950.00       969.00       980.00      999.00
IDEA                            68.00       66.00          67.00         68.00       69.00       70.00
IDFC                          170.00       166.00         168.00       171.00       173.00      175.00
INFOSYSTCH                   2664.00     2609.00        2637.00       2657.00     2684.00     2705.00
ITC                           268.00       265.00         266.00       268.00       269.00      270.00
JINDALSTEL                    704.00       689.00         696.00       703.00       710.00      717.00
JPASSOCIAT                    148.00       145.00         146.00       149.00       151.00      154.00
LT                           1626.00     1599.00        1612.00       1630.00     1644.00     1661.00
M&M                           524.00       506.00         515.00       529.00       538.00      553.00
MARUTI                       1384.00     1184.00        1284.00       1348.00     1448.00     1512.00
NTPC                          210.00       208.00         209.00       211.00       212.00      214.00
ONGC                         1062.00     1039.00        1050.00       1068.00     1080.00     1098.00
PNB                          1007.00       993.00       1000.00       1011.00     1019.00     1030.00
POWERGRID                     111.00       106.00         109.00       111.00       113.00      115.00
RANBAXY                       466.00       456.00         461.00       469.00       475.00      483.00
RCOM                          175.00       171.00         173.00       176.00       178.00      181.00
RELCAPITAL                    783.00       769.00         776.00       788.00       795.00      807.00
RELIANCE                     1107.00     1080.00        1093.00       1115.00     1128.00     1150.00
RELINFRA                     1096.00     1063.00        1080.00       1102.00     1119.00     1142.00
RPOWER                        157.00       154.00         156.00       158.00       159.00      161.00
SAIL                          237.00       221.00         229.00       243.00       251.00      264.00
SBIN                         2096.00     2076.00        2086.00       2098.00     2108.00     2120.00
SIEMENS                       740.00       729.00         735.00       742.00       747.00      755.00
STER                          866.00       844.00         855.00       864.00       875.00      883.00
SUNPHARMA                    1774.00     1735.00        1754.00       1788.00     1807.00     1840.00
SUZLON                          75.00       73.00          74.00         75.00       76.00       77.00
TATAMOTORS                    778.00       754.00         766.00       781.00       794.00      809.00
TATAPOWER                    1371.00     1351.00        1361.00       1373.00     1383.00     1395.00
TATASTEEL                     671.00       622.00         647.00       693.00       717.00      764.00
TCS                           799.00       781.00         790.00       799.00       808.00      816.00
UNITECH                         77.00       75.00          76.00         77.00       78.00       79.00
WIPRO                         717.00       702.00         710.00       717.00       724.00      732.00


     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,
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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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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
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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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Sebi Registration No : INB 010996539




             For Private Circulation Only.

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Tech Report - 9 Apr 2010

  • 1. Date : 09/04/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 5376.00 17951.00 IDEA 1.71 SAIL 7.11 OIL&GAS (1.88) High 5384.00 17961.00 BPCL 0.51 HINDALCO 4.66 METAL (1.87) Low 5290.00 17679.00 INFOSYS 0.51 HDFC 3.08 BANKEX (1.65) Close 5304.00 17714.00 DLF 0.27 ICICI BANK 2.79 REALTY 0.55 % Chg (1.31) (1.42) WIPRO 0.09 CAIRN 2.36 CD 2.25 Source : Falcon SENSEX DAILY CHART Markets opened lower in the wake of weak global cues and selling was witnessed till the end of the day to close near days low. On the daily charts we are witnessing that prices are trading in a channel and have test the lower trendline of the channel. The momentum oscillators viz the RSI and stochastic have given a double crossover, which suggests that if prices breaks the lower trendline of the channel, then we could see further weakness. The value of the trendline is at 17679 / 5290. On the downside, indices then are likely to test 5260 – 5228 levels. However, a bounce from current levels up to 17820 – 17864 / 5332 – 5345 levels cannot be ruled out. Stocks +ve Bias Stocks -ve Bias MPHASIS LTD HDFC INDIA CEMENT UNION BANK For Private Circulation Only.
  • 2. PIVOTS Stocks Close S2 S1 Pivot R1 R2 SENSEX 17714.00 17503.00 17609.00 17785.00 17890.00 18066.00 NIFTY 5304.00 5233.00 5269.00 5326.00 5362.00 5420.00 ABB 826.00 810.00 818.00 829.00 837.00 848.00 ACC 965.00 944.00 954.00 971.00 981.00 998.00 AMBUJACEM 120.00 116.00 118.00 120.00 121.00 123.00 AXISBANK 1157.00 1142.00 1149.00 1157.00 1165.00 1173.00 BHARTIARTL 313.00 303.00 308.00 315.00 320.00 326.00 BHEL 2492.00 2439.00 2466.00 2510.00 2537.00 2582.00 BPCL 509.00 497.00 503.00 508.00 514.00 520.00 CAIRN 304.00 294.00 299.00 305.00 310.00 315.00 CIPLA 335.00 327.00 331.00 335.00 339.00 343.00 DLF 334.00 317.00 326.00 335.00 344.00 353.00 GAIL 427.00 417.00 422.00 429.00 434.00 440.00 GRASIM 2844.00 2773.00 2808.00 2856.00 2892.00 2940.00 HCLTECH 345.00 338.00 341.00 347.00 351.00 357.00 HDFC 2726.00 2653.00 2690.00 2751.00 2788.00 2849.00 HDFCBANK 1903.00 1873.00 1888.00 1909.00 1924.00 1945.00 HEROHONDA 2017.00 1974.00 1996.00 2028.00 2049.00 2082.00 HINDALCO 177.00 170.00 173.00 179.00 182.00 188.00 HINDUNILVR 223.00 219.00 221.00 224.00 226.00 229.00 ICICIBANK 961.00 939.00 950.00 969.00 980.00 999.00 IDEA 68.00 66.00 67.00 68.00 69.00 70.00 IDFC 170.00 166.00 168.00 171.00 173.00 175.00 INFOSYSTCH 2664.00 2609.00 2637.00 2657.00 2684.00 2705.00 ITC 268.00 265.00 266.00 268.00 269.00 270.00 JINDALSTEL 704.00 689.00 696.00 703.00 710.00 717.00 JPASSOCIAT 148.00 145.00 146.00 149.00 151.00 154.00 LT 1626.00 1599.00 1612.00 1630.00 1644.00 1661.00 M&M 524.00 506.00 515.00 529.00 538.00 553.00 MARUTI 1384.00 1184.00 1284.00 1348.00 1448.00 1512.00 NTPC 210.00 208.00 209.00 211.00 212.00 214.00 ONGC 1062.00 1039.00 1050.00 1068.00 1080.00 1098.00 PNB 1007.00 993.00 1000.00 1011.00 1019.00 1030.00 POWERGRID 111.00 106.00 109.00 111.00 113.00 115.00 RANBAXY 466.00 456.00 461.00 469.00 475.00 483.00 RCOM 175.00 171.00 173.00 176.00 178.00 181.00 RELCAPITAL 783.00 769.00 776.00 788.00 795.00 807.00 RELIANCE 1107.00 1080.00 1093.00 1115.00 1128.00 1150.00 RELINFRA 1096.00 1063.00 1080.00 1102.00 1119.00 1142.00 RPOWER 157.00 154.00 156.00 158.00 159.00 161.00 SAIL 237.00 221.00 229.00 243.00 251.00 264.00 SBIN 2096.00 2076.00 2086.00 2098.00 2108.00 2120.00 SIEMENS 740.00 729.00 735.00 742.00 747.00 755.00 STER 866.00 844.00 855.00 864.00 875.00 883.00 SUNPHARMA 1774.00 1735.00 1754.00 1788.00 1807.00 1840.00 SUZLON 75.00 73.00 74.00 75.00 76.00 77.00 TATAMOTORS 778.00 754.00 766.00 781.00 794.00 809.00 TATAPOWER 1371.00 1351.00 1361.00 1373.00 1383.00 1395.00 TATASTEEL 671.00 622.00 647.00 693.00 717.00 764.00 TCS 799.00 781.00 790.00 799.00 808.00 816.00 UNITECH 77.00 75.00 76.00 77.00 78.00 79.00 WIPRO 717.00 702.00 710.00 717.00 724.00 732.00 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.