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Technical Report

                                                                                             Date : 12/10/2010

                                              Market Summary
                   Indices               Top 5 Gainers              Top 5 Losers                Sectoral Watch
                  Nifty     Sensex      Stocks   % Gain        Stocks         % Loss         Sector           %G/L
Open                6106      20250     TATAMOTOR 4.78         BHARTIARTL       2.52         AUTO               1.93
High                6188      20461     KOTAKBANK 3.36         AXISBANK         1.42         METAL              1.57
Low                 6106      20250     STER      2.96         NTPC             1.05         OIL&GAS            1.29
Close               6136      20340     RANBAXY   2.58         HDFCBANK         0.65         CD                 0.65
% Chg                  0.53      0.44   RELINFRA  2.31         LT               0.65         TECK              (0.31)




Source : Falcon                                                                                        SENSEX DLY CHART
Markets opened higher traded in a narrow range with choppiness to close in green .On the daily chart we are
witnessing a narrow range body formation which suggests indecisiveness prevailing at current levels. In coming
trading session if indices trade convincingly above 20461 / 6187 level then it is likely to test 20707 / 6222 level
(High of the Shooting Star). On the downside, 20180 / 6063 may act support for the day.




                      Stocks +ve Bias                                                Stocks -ve Bias
                       GTOFFSHORE




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                      20340.00    20139.00       20240.00     20350.00       20451.00    20561.00
NIFTY                        6136.00     6061.00        6099.00       6143.00       6180.00     6225.00
ABB                           922.00       903.00         912.00       924.00         933.00      945.00
ACC                          1015.00     1001.00        1008.00       1019.00       1026.00     1037.00
AMBUJACEM                     142.00       138.00         140.00       141.00         143.00      145.00
AXISBANK                     1551.00     1497.00        1524.00       1565.00       1592.00     1632.00
BHARTIARTL                    343.00       332.00         337.00       347.00         352.00      362.00
BHEL                         2575.00     2539.00        2557.00       2585.00       2603.00     2631.00
BPCL                          744.00       732.00         738.00       746.00         752.00      760.00
CAIRN                         345.00       330.00         337.00       346.00         353.00      362.00
CIPLA                         339.00       325.00         332.00       337.00         344.00      349.00
DLF                           383.00       374.00         378.00       385.00         389.00      395.00
GAIL                          496.00       486.00         491.00       494.00         499.00      503.00
HCLTECH                       431.00       421.00         426.00       431.00         436.00      442.00
HDFC                          721.00       615.00         668.00       764.00         818.00      914.00
HDFCBANK                     2389.00     2325.00        2357.00       2399.00       2431.00     2473.00
HEROHONDA                    1874.00     1832.00        1853.00       1866.00       1888.00     1901.00
HINDALCO                      215.00       211.00         213.00       216.00         218.00      221.00
HINDUNILVR                    295.00       291.00         293.00       296.00         298.00      302.00
ICICIBANK                    1133.00     1112.00        1122.00       1134.00       1144.00     1156.00
IDEA                            71.00       70.00          70.00         71.00         72.00       72.00
IDFC                          209.00       203.00         206.00       208.00         211.00      213.00
INFOSYSTCH                   3074.00     3038.00        3056.00       3077.00       3095.00     3115.00
ITC                           173.00       170.00         171.00       173.00         174.00      176.00
JINDALSTEL                    729.00       719.00         724.00       730.00         735.00      741.00
JPASSOCIAT                    132.00       130.00         131.00       133.00         134.00      136.00
KOTAKBANK                     520.00       500.00         510.00       517.00         527.00      534.00
LT                           2038.00     1893.00        1965.00       2015.00       2088.00     2138.00
M&M                           708.00       691.00         699.00       709.00         718.00      728.00
MARUTI                       1517.00     1482.00        1499.00       1513.00       1531.00     1544.00
NTPC                          213.00       209.00         211.00       214.00         216.00      219.00
ONGC                         1361.00     1335.00        1348.00       1366.00       1379.00     1397.00
PNB                          1319.00     1303.00        1311.00       1320.00       1328.00     1337.00
POWERGRID                     110.00       108.00         109.00       110.00         111.00      113.00
RANBAXY                       600.00       580.00         590.00       596.00         606.00      612.00
RCOM                          184.00       176.00         180.00       183.00         187.00      190.00
RELCAPITAL                    860.00       841.00         851.00       861.00         870.00      881.00
RELIANCE                     1069.00     1046.00        1057.00       1065.00       1077.00     1084.00
RELINFRA                     1097.00     1062.00        1079.00       1093.00       1111.00     1125.00
RPOWER                        165.00       160.00         163.00       165.00         167.00      169.00
SAIL                          226.00       218.00         222.00       226.00         230.00      233.00
SBIN                         3265.00     3233.00        3249.00       3261.00       3277.00     3290.00
SIEMENS                       822.00       813.00         817.00       823.00         827.00      832.00
STER                          180.00       173.00         176.00       179.00         182.00      184.00
SUNPHARMA                    2070.00     2033.00        2051.00       2075.00       2094.00     2118.00
SUZLON                          59.00       56.00          57.00         59.00         60.00       61.00
TATAMOTORS                   1152.00     1086.00        1119.00       1139.00       1172.00     1192.00
TATAPOWER                    1423.00     1398.00        1411.00       1425.00       1437.00     1451.00
TATASTEEL                     640.00       625.00         633.00       639.00         646.00      652.00
TCS                           941.00       916.00         929.00       941.00         954.00      966.00
UNITECH                         95.00       90.00          92.00         97.00         99.00      104.00
WIPRO                         464.00       455.00         459.00       464.00         468.00      473.00


     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 - 12 October 2010

  • 1. Technical Report Date : 12/10/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 6106 20250 TATAMOTOR 4.78 BHARTIARTL 2.52 AUTO 1.93 High 6188 20461 KOTAKBANK 3.36 AXISBANK 1.42 METAL 1.57 Low 6106 20250 STER 2.96 NTPC 1.05 OIL&GAS 1.29 Close 6136 20340 RANBAXY 2.58 HDFCBANK 0.65 CD 0.65 % Chg 0.53 0.44 RELINFRA 2.31 LT 0.65 TECK (0.31) Source : Falcon SENSEX DLY CHART Markets opened higher traded in a narrow range with choppiness to close in green .On the daily chart we are witnessing a narrow range body formation which suggests indecisiveness prevailing at current levels. In coming trading session if indices trade convincingly above 20461 / 6187 level then it is likely to test 20707 / 6222 level (High of the Shooting Star). On the downside, 20180 / 6063 may act support for the day. Stocks +ve Bias Stocks -ve Bias GTOFFSHORE 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 20340.00 20139.00 20240.00 20350.00 20451.00 20561.00 NIFTY 6136.00 6061.00 6099.00 6143.00 6180.00 6225.00 ABB 922.00 903.00 912.00 924.00 933.00 945.00 ACC 1015.00 1001.00 1008.00 1019.00 1026.00 1037.00 AMBUJACEM 142.00 138.00 140.00 141.00 143.00 145.00 AXISBANK 1551.00 1497.00 1524.00 1565.00 1592.00 1632.00 BHARTIARTL 343.00 332.00 337.00 347.00 352.00 362.00 BHEL 2575.00 2539.00 2557.00 2585.00 2603.00 2631.00 BPCL 744.00 732.00 738.00 746.00 752.00 760.00 CAIRN 345.00 330.00 337.00 346.00 353.00 362.00 CIPLA 339.00 325.00 332.00 337.00 344.00 349.00 DLF 383.00 374.00 378.00 385.00 389.00 395.00 GAIL 496.00 486.00 491.00 494.00 499.00 503.00 HCLTECH 431.00 421.00 426.00 431.00 436.00 442.00 HDFC 721.00 615.00 668.00 764.00 818.00 914.00 HDFCBANK 2389.00 2325.00 2357.00 2399.00 2431.00 2473.00 HEROHONDA 1874.00 1832.00 1853.00 1866.00 1888.00 1901.00 HINDALCO 215.00 211.00 213.00 216.00 218.00 221.00 HINDUNILVR 295.00 291.00 293.00 296.00 298.00 302.00 ICICIBANK 1133.00 1112.00 1122.00 1134.00 1144.00 1156.00 IDEA 71.00 70.00 70.00 71.00 72.00 72.00 IDFC 209.00 203.00 206.00 208.00 211.00 213.00 INFOSYSTCH 3074.00 3038.00 3056.00 3077.00 3095.00 3115.00 ITC 173.00 170.00 171.00 173.00 174.00 176.00 JINDALSTEL 729.00 719.00 724.00 730.00 735.00 741.00 JPASSOCIAT 132.00 130.00 131.00 133.00 134.00 136.00 KOTAKBANK 520.00 500.00 510.00 517.00 527.00 534.00 LT 2038.00 1893.00 1965.00 2015.00 2088.00 2138.00 M&M 708.00 691.00 699.00 709.00 718.00 728.00 MARUTI 1517.00 1482.00 1499.00 1513.00 1531.00 1544.00 NTPC 213.00 209.00 211.00 214.00 216.00 219.00 ONGC 1361.00 1335.00 1348.00 1366.00 1379.00 1397.00 PNB 1319.00 1303.00 1311.00 1320.00 1328.00 1337.00 POWERGRID 110.00 108.00 109.00 110.00 111.00 113.00 RANBAXY 600.00 580.00 590.00 596.00 606.00 612.00 RCOM 184.00 176.00 180.00 183.00 187.00 190.00 RELCAPITAL 860.00 841.00 851.00 861.00 870.00 881.00 RELIANCE 1069.00 1046.00 1057.00 1065.00 1077.00 1084.00 RELINFRA 1097.00 1062.00 1079.00 1093.00 1111.00 1125.00 RPOWER 165.00 160.00 163.00 165.00 167.00 169.00 SAIL 226.00 218.00 222.00 226.00 230.00 233.00 SBIN 3265.00 3233.00 3249.00 3261.00 3277.00 3290.00 SIEMENS 822.00 813.00 817.00 823.00 827.00 832.00 STER 180.00 173.00 176.00 179.00 182.00 184.00 SUNPHARMA 2070.00 2033.00 2051.00 2075.00 2094.00 2118.00 SUZLON 59.00 56.00 57.00 59.00 60.00 61.00 TATAMOTORS 1152.00 1086.00 1119.00 1139.00 1172.00 1192.00 TATAPOWER 1423.00 1398.00 1411.00 1425.00 1437.00 1451.00 TATASTEEL 640.00 625.00 633.00 639.00 646.00 652.00 TCS 941.00 916.00 929.00 941.00 954.00 966.00 UNITECH 95.00 90.00 92.00 97.00 99.00 104.00 WIPRO 464.00 455.00 459.00 464.00 468.00 473.00 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.