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Technical Report

                                                                                            Date : 19/10/2010

                                               Market Summary
                   Indices               Top 5 Gainers             Top 5 Losers                Sectoral Watch
                  Nifty     Sensex      Stocks     % Gain      Stocks         % Loss        Sector           %G/L
Open                6113      20161     HCLTECH     3.57       ACC              2.64        IT                 1.28
High                6188      20229     TCS         3.44       TATAPOWER        2.58        OIL&GAS            0.84
Low                 5985      19871     SUZLON      2.87       MARUTI           1.81        REALTY             0.72
Close               6076      20169     ONGC        2.14       JPASSOCIAT       1.65        TECK               0.66
% Chg                  0.22      0.22   RELIANCE    1.99       SESAGOA          1.60        CD                (1.02)




Source : Falcon                                                                                       SENSEX DLY CHART
Markets opened marginally lower and selling pressure continued during the initial part of the session, but buying
emerged at lower levels which led indices to close marginally in positive territory, as well as above 20 Days EMA.
The bounce was mainly led by Reliance Industries and IT sector. As mentioned in our Weekly report, if indices
manage to hold 20 Days EMA then there is a possibility that we may witness a time wise correction and indices
may move sideways. On the Daily chart, we are witnessing a candlestick pattern which resembles a “Bullish
Hammer”. On the upside, if indices trade convincingly above 6116 / 20230 level (High of the Hammer) then they
are likely to test 6135 – 6170 / 20362 – 20478 level in coming trading session. Today’s low of 5985 / 19870 level
may act as a strong support for the market.


                      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                       20169.00    19731.00       19950.00     20090.00        20309.00    20448.00
NIFTY                         6076.00     5880.00        5978.00       6083.00        6181.00     6285.00
ABB                            915.00       880.00         898.00       913.00          931.00      946.00
ACC                            970.00       947.00         959.00       977.00          988.00    1006.00
AMBUJACEM                      137.00       132.00         135.00       137.00          139.00      142.00
AXISBANK                      1482.00     1397.00        1440.00       1469.00        1512.00     1541.00
BHARTIARTL                     327.00       317.00         322.00       329.00          334.00      340.00
BHEL                          2520.00     2466.00        2493.00       2514.00        2541.00     2562.00
BPCL                           699.00       687.00         693.00       701.00          707.00      715.00
CAIRN                          340.00       332.00         336.00       339.00          343.00      346.00
CIPLA                          326.00       317.00         322.00       328.00          332.00      338.00
DLF                            378.00       361.00         369.00       375.00          383.00      388.00
GAIL                           502.00       484.00         493.00       499.00          508.00      514.00
HCLTECH                        446.00       417.00         432.00       440.00          454.00      462.00
HDFC                           724.00       667.00         696.00       730.00          758.00      792.00
HDFCBANK                      2398.00     2244.00        2321.00       2430.00        2508.00     2617.00
HEROHONDA                     1802.00     1781.00        1792.00       1803.00        1814.00     1825.00
HINDALCO                       211.00       198.00         205.00       214.00          220.00      230.00
HINDUNILVR                     297.00       284.00         290.00       298.00          304.00      312.00
ICICIBANK                     1116.00     1081.00        1099.00       1111.00        1129.00     1141.00
IDEA                             73.00       68.00          70.00         72.00          74.00       76.00
IDFC                           207.00       193.00         200.00       204.00          211.00      215.00
INFOSYSTCH                    3107.00     3009.00        3058.00       3088.00        3138.00     3168.00
ITC                            172.00       165.00         168.00       171.00          174.00      176.00
JINDALSTEL                     711.00       690.00         700.00       714.00          724.00      737.00
JPASSOCIAT                     128.00       124.00         126.00       129.00          131.00      133.00
KOTAKBANK                      509.00       492.00         500.00       506.00          514.00      520.00
LT                            2015.00     1895.00        1955.00       1988.00        2049.00     2082.00
M&M                            701.00       668.00         685.00       704.00          721.00      740.00
MARUTI                        1492.00     1461.00        1476.00       1498.00        1514.00     1535.00
NTPC                           207.00       200.00         204.00       206.00          209.00      212.00
ONGC                          1364.00     1300.00        1332.00       1353.00        1385.00     1406.00
PNB                           1300.00     1268.00        1284.00       1298.00        1314.00     1328.00
POWERGRID                      107.00       104.00         105.00       107.00          108.00      110.00
RANBAXY                        580.00       561.00         571.00       579.00          588.00      596.00
RCOM                           176.00       171.00         173.00       175.00          178.00      180.00
RELCAPITAL                     840.00       810.00         825.00       835.00          850.00      860.00
RELIANCE                      1047.00     1017.00        1032.00       1049.00        1064.00     1080.00
RELINFRA                      1074.00     1013.00        1044.00       1081.00        1112.00     1149.00
RPOWER                         162.00       157.00         159.00       161.00          163.00      165.00
SAIL                           219.00       212.00         216.00       218.00          222.00      225.00
SBIN                          3168.00     3093.00        3131.00       3170.00        3207.00     3247.00
SIEMENS                        811.00       791.00         801.00       813.00          823.00      835.00
STER                           176.00       170.00         173.00       176.00          180.00      183.00
SUNPHARMA                     2049.00     1974.00        2012.00       2055.00        2093.00     2136.00
SUZLON                           59.00       55.00          57.00         58.00          60.00       61.00
TATAMOTORS                    1169.00     1114.00        1142.00       1160.00        1187.00     1205.00
TATAPOWER                     1395.00     1360.00        1378.00       1406.00        1423.00     1451.00
TATASTEEL                      646.00       613.00         630.00       641.00          658.00      669.00
TCS                            981.00       911.00         946.00       965.00        1000.00     1019.00
UNITECH                          95.00       91.00          93.00         94.00          96.00       97.00
WIPRO                          468.00       454.00         461.00       468.00          475.00      482.00


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 - 19th Oct 2010

  • 1. Technical Report Date : 19/10/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 6113 20161 HCLTECH 3.57 ACC 2.64 IT 1.28 High 6188 20229 TCS 3.44 TATAPOWER 2.58 OIL&GAS 0.84 Low 5985 19871 SUZLON 2.87 MARUTI 1.81 REALTY 0.72 Close 6076 20169 ONGC 2.14 JPASSOCIAT 1.65 TECK 0.66 % Chg 0.22 0.22 RELIANCE 1.99 SESAGOA 1.60 CD (1.02) Source : Falcon SENSEX DLY CHART Markets opened marginally lower and selling pressure continued during the initial part of the session, but buying emerged at lower levels which led indices to close marginally in positive territory, as well as above 20 Days EMA. The bounce was mainly led by Reliance Industries and IT sector. As mentioned in our Weekly report, if indices manage to hold 20 Days EMA then there is a possibility that we may witness a time wise correction and indices may move sideways. On the Daily chart, we are witnessing a candlestick pattern which resembles a “Bullish Hammer”. On the upside, if indices trade convincingly above 6116 / 20230 level (High of the Hammer) then they are likely to test 6135 – 6170 / 20362 – 20478 level in coming trading session. Today’s low of 5985 / 19870 level may act as a strong support for the market. 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 20169.00 19731.00 19950.00 20090.00 20309.00 20448.00 NIFTY 6076.00 5880.00 5978.00 6083.00 6181.00 6285.00 ABB 915.00 880.00 898.00 913.00 931.00 946.00 ACC 970.00 947.00 959.00 977.00 988.00 1006.00 AMBUJACEM 137.00 132.00 135.00 137.00 139.00 142.00 AXISBANK 1482.00 1397.00 1440.00 1469.00 1512.00 1541.00 BHARTIARTL 327.00 317.00 322.00 329.00 334.00 340.00 BHEL 2520.00 2466.00 2493.00 2514.00 2541.00 2562.00 BPCL 699.00 687.00 693.00 701.00 707.00 715.00 CAIRN 340.00 332.00 336.00 339.00 343.00 346.00 CIPLA 326.00 317.00 322.00 328.00 332.00 338.00 DLF 378.00 361.00 369.00 375.00 383.00 388.00 GAIL 502.00 484.00 493.00 499.00 508.00 514.00 HCLTECH 446.00 417.00 432.00 440.00 454.00 462.00 HDFC 724.00 667.00 696.00 730.00 758.00 792.00 HDFCBANK 2398.00 2244.00 2321.00 2430.00 2508.00 2617.00 HEROHONDA 1802.00 1781.00 1792.00 1803.00 1814.00 1825.00 HINDALCO 211.00 198.00 205.00 214.00 220.00 230.00 HINDUNILVR 297.00 284.00 290.00 298.00 304.00 312.00 ICICIBANK 1116.00 1081.00 1099.00 1111.00 1129.00 1141.00 IDEA 73.00 68.00 70.00 72.00 74.00 76.00 IDFC 207.00 193.00 200.00 204.00 211.00 215.00 INFOSYSTCH 3107.00 3009.00 3058.00 3088.00 3138.00 3168.00 ITC 172.00 165.00 168.00 171.00 174.00 176.00 JINDALSTEL 711.00 690.00 700.00 714.00 724.00 737.00 JPASSOCIAT 128.00 124.00 126.00 129.00 131.00 133.00 KOTAKBANK 509.00 492.00 500.00 506.00 514.00 520.00 LT 2015.00 1895.00 1955.00 1988.00 2049.00 2082.00 M&M 701.00 668.00 685.00 704.00 721.00 740.00 MARUTI 1492.00 1461.00 1476.00 1498.00 1514.00 1535.00 NTPC 207.00 200.00 204.00 206.00 209.00 212.00 ONGC 1364.00 1300.00 1332.00 1353.00 1385.00 1406.00 PNB 1300.00 1268.00 1284.00 1298.00 1314.00 1328.00 POWERGRID 107.00 104.00 105.00 107.00 108.00 110.00 RANBAXY 580.00 561.00 571.00 579.00 588.00 596.00 RCOM 176.00 171.00 173.00 175.00 178.00 180.00 RELCAPITAL 840.00 810.00 825.00 835.00 850.00 860.00 RELIANCE 1047.00 1017.00 1032.00 1049.00 1064.00 1080.00 RELINFRA 1074.00 1013.00 1044.00 1081.00 1112.00 1149.00 RPOWER 162.00 157.00 159.00 161.00 163.00 165.00 SAIL 219.00 212.00 216.00 218.00 222.00 225.00 SBIN 3168.00 3093.00 3131.00 3170.00 3207.00 3247.00 SIEMENS 811.00 791.00 801.00 813.00 823.00 835.00 STER 176.00 170.00 173.00 176.00 180.00 183.00 SUNPHARMA 2049.00 1974.00 2012.00 2055.00 2093.00 2136.00 SUZLON 59.00 55.00 57.00 58.00 60.00 61.00 TATAMOTORS 1169.00 1114.00 1142.00 1160.00 1187.00 1205.00 TATAPOWER 1395.00 1360.00 1378.00 1406.00 1423.00 1451.00 TATASTEEL 646.00 613.00 630.00 641.00 658.00 669.00 TCS 981.00 911.00 946.00 965.00 1000.00 1019.00 UNITECH 95.00 91.00 93.00 94.00 96.00 97.00 WIPRO 468.00 454.00 461.00 468.00 475.00 482.00 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.