The technical report provides a daily market summary for the Indian market indices and sectors. It notes that the Nifty and Sensex indices opened higher and closed up over 1% for the day. Top gainers included Idea at 13.2% while top losers were Ambuja Cements down 1.55%. Most sectors were up over 1% with the exception of metals up 1.55%. The report concludes that the indices are poised to reach new 52-week highs if they can cross resistance levels of 18047/5400 and forecasts targets of 18500-18700/5500-5570. Pivot levels are provided for various stocks.

1. Technical Report
Date : 12/07/2010
Market Summary
Indices Top 5 Gainers Top 5 Losers Sectoral Watch
Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L
Open 5297 17668 IDEA 13.20 AMBUJACEM 1.55 REALTY 2.48
High 5359 17858 BHARTIARTL 9.45 HINDUNILVR 1.48 TECK 2.36
Low 5297 17668 DLF 4.65 ACC 1.22 METAL 1.55
Close 5352 17834 HDFCBANK 3.25 ITC 0.94 BANKEX 1.34
% Chg 1.05 1.03 HINDALCO 2.73 RELINFRA 0.90 AUTO 1.29
Source : Falcon SENSEX DLY CHART
In view of a “Flag pattern” breakout on the Daily chart, we are of the opinion that the indices are poised to register
a new 52 – week high. We expect the momentum to intensify once the temporary resistance of 18047 / 5400
level is crossed and there is every possibility that the indices could move towards the Flag pattern targets in the
range of 18500 – 18700 / 5500 – 5570 levels. The said Flag pattern would be negated if indices trade below
17335 / 5200 levels.
Traders are advised to trade in select Large - and Mid - cap counters as long as Nifty holds 5200 level.
Stocks +ve Bias Stocks -ve Bias
IDFC
GODREJ IND
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 17834.00 17597.00 17715.00 17786.00 17905.00 17976.00
NIFTY 5352.00 5274.00 5313.00 5336.00 5375.00 5398.00
ABB 861.00 858.00 860.00 862.00 863.00 866.00
ACC 833.00 819.00 826.00 838.00 844.00 856.00
AMBUJACEM 111.00 109.00 110.00 112.00 113.00 115.00
AXISBANK 1273.00 1238.00 1255.00 1267.00 1284.00 1296.00
BHARTIARTL 309.00 272.00 290.00 300.00 319.00 329.00
BHEL 2394.00 2368.00 2381.00 2396.00 2409.00 2424.00
BPCL 711.00 692.00 701.00 708.00 718.00 725.00
CAIRN 301.00 298.00 300.00 302.00 303.00 306.00
CIPLA 338.00 335.00 337.00 338.00 340.00 342.00
DLF 296.00 278.00 287.00 292.00 301.00 306.00
GAIL 472.00 466.00 469.00 473.00 476.00 481.00
HCLTECH 361.00 356.00 359.00 362.00 364.00 367.00
HDFC 2966.00 2932.00 2949.00 2967.00 2984.00 3002.00
HDFCBANK 2003.00 1926.00 1965.00 1988.00 2026.00 2050.00
HEROHONDA 2011.00 1987.00 1999.00 2011.00 2022.00 2034.00
HINDALCO 149.00 143.00 146.00 148.00 151.00 153.00
HINDUNILVR 262.00 257.00 260.00 264.00 266.00 270.00
ICICIBANK 876.00 861.00 868.00 874.00 881.00 887.00
IDEA 67.00 56.00 62.00 65.00 70.00 73.00
IDFC 185.00 179.00 182.00 184.00 187.00 189.00
INFOSYSTCH 2874.00 2822.00 2848.00 2864.00 2890.00 2907.00
ITC 300.00 296.00 298.00 301.00 304.00 307.00
JINDALSTEL 631.00 620.00 626.00 631.00 636.00 641.00
JPASSOCIAT 125.00 122.00 124.00 125.00 127.00 128.00
KOTAKBANK 764.00 749.00 756.00 764.00 772.00 780.00
LT 1822.00 1806.00 1814.00 1826.00 1834.00 1846.00
M&M 639.00 619.00 629.00 635.00 645.00 651.00
MARUTI 1424.00 1382.00 1403.00 1416.00 1438.00 1451.00
NTPC 198.00 196.00 197.00 199.00 200.00 203.00
ONGC 1294.00 1271.00 1282.00 1293.00 1305.00 1316.00
PNB 1058.00 1037.00 1047.00 1059.00 1070.00 1082.00
POWERGRID 102.00 101.00 102.00 102.00 103.00 103.00
RANBAXY 463.00 457.00 460.00 462.00 465.00 468.00
RCOM 193.00 186.00 190.00 192.00 196.00 199.00
RELCAPITAL 760.00 752.00 756.00 762.00 766.00 771.00
RELIANCE 1058.00 1047.00 1052.00 1059.00 1065.00 1072.00
RELINFRA 1173.00 1156.00 1165.00 1178.00 1186.00 1199.00
RPOWER 175.00 173.00 174.00 176.00 177.00 179.00
SAIL 194.00 187.00 191.00 193.00 196.00 198.00
SBIN 2369.00 2351.00 2360.00 2369.00 2378.00 2388.00
SIEMENS 721.00 708.00 714.00 724.00 730.00 739.00
STER 168.00 165.00 166.00 168.00 169.00 170.00
SUNPHARMA 1742.00 1719.00 1731.00 1747.00 1759.00 1775.00
SUZLON 59.00 58.00 58.00 59.00 59.00 60.00
TATAMOTORS 771.00 754.00 762.00 767.00 776.00 781.00
TATAPOWER 1316.00 1299.00 1307.00 1315.00 1324.00 1331.00
TATASTEEL 496.00 482.00 489.00 493.00 500.00 505.00
TCS 774.00 763.00 769.00 776.00 782.00 790.00
UNITECH 76.00 74.00 75.00 76.00 76.00 77.00
WIPRO 401.00 394.00 398.00 400.00 404.00 406.00
For Private Circulation Only.

3. 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
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