SlideShare a Scribd company logo
1 of 3
Download to read offline
Technical Report

                                                                                            Date : 02/08/2010

                                                Market Summary
                   Indices                 Top 5 Gainers           Top 5 Losers                Sectoral Watch
                  Nifty      Sensex       Stocks   % Gain      Stocks    % Loss             Sector           %G/L
Open                5408       17981      HCLTECH   3.69       ABB         4.14             REALTY            (1.40)
High                5413       18000      IDEA      2.77       GAIL        3.26             TECK              (1.22)
Low                 5349       17839      M&M       2.54       HEROHONDA   3.17             CG                (1.14)
Close               5368       17868      RANBAXY   1.80       RPOWER      2.97             IT                (1.13)
% Chg                 (0.76)     (0.69)   HDFCBANK  1.21       ICICIBANK   2.94             POWER             (0.89)




Source : Falcon                                                                                       SENSEX DLY CHART
We are of the opinion that the indices are likely to witness some range - bound activity between 17400 to 18200 /
5350 to 5450 levels OR a correction to the tune of 17700 – 17450 / 5320 - 5240 levels in the coming week.
However, the Daily and the Hourly charts are in an oversold zone. Hence, a bounce from current levels cannot be
ruled out. Strong upward momentum would resume only if the indices trade and close above 18315 / 5480 levels.

We maintain our view that traders should maintain stop loss at 5340 levels, for all long positions.




                      Stocks +ve Bias                                               Stocks -ve Bias
                       UNITED PHOS




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                      17868.00    17741.00       17805.00     17903.00       17966.00    18064.00
NIFTY                        5368.00     5313.00        5340.00       5377.00       5404.00     5441.00
ABB                           811.00       774.00         793.00       825.00         843.00      875.00
ACC                           831.00       813.00         822.00       836.00         845.00      858.00
AMBUJACEM                     118.00       115.00         117.00       118.00         120.00      121.00
AXISBANK                     1343.00     1319.00        1331.00       1349.00       1361.00     1379.00
BHARTIARTL                    307.00       296.00         301.00       311.00         316.00      325.00
BHEL                         2438.00     2398.00        2418.00       2440.00       2460.00     2482.00
BPCL                          642.00       618.00         630.00       642.00         654.00      667.00
CAIRN                         334.00       327.00         331.00       335.00         338.00      343.00
CIPLA                         326.00       319.00         323.00       327.00         330.00      334.00
DLF                           301.00       294.00         298.00       304.00         307.00      313.00
GAIL                          439.00       426.00         432.00       443.00         449.00      459.00
HCLTECH                       392.00       372.00         382.00       388.00         398.00      404.00
HDFC                         2980.00     2932.00        2956.00       2978.00       3002.00     3024.00
HDFCBANK                     2127.00     2058.00        2092.00       2115.00       2149.00     2172.00
HEROHONDA                    1815.00     1762.00        1789.00       1817.00       1843.00     1871.00
HINDALCO                      160.00       158.00         159.00       161.00         162.00      164.00
HINDUNILVR                    251.00       244.00         248.00       253.00         257.00      262.00
ICICIBANK                     905.00       881.00         893.00       912.00         924.00      944.00
IDEA                            71.00       66.00          68.00         70.00         72.00       73.00
IDFC                          186.00       181.00         184.00       187.00         190.00      194.00
INFOSYSTCH                   2788.00     2722.00        2755.00       2793.00       2826.00     2864.00
ITC                           309.00       303.00         306.00       309.00         312.00      315.00
JINDALSTEL                    622.00       612.00         617.00       623.00         628.00      634.00
JPASSOCIAT                    118.00       117.00         117.00       118.00         119.00      120.00
KOTAKBANK                     771.00       754.00         763.00       772.00         780.00      790.00
LT                           1794.00     1756.00        1775.00       1810.00       1829.00     1864.00
M&M                           662.00       631.00         646.00       655.00         671.00      680.00
MARUTI                       1199.00     1181.00        1190.00       1201.00       1210.00     1222.00
NTPC                          199.00       197.00         198.00       199.00         200.00      201.00
ONGC                         1241.00     1208.00        1224.00       1237.00       1253.00     1266.00
PNB                          1070.00     1034.00        1052.00       1065.00       1083.00     1096.00
POWERGRID                     100.00       100.00         100.00       101.00         101.00      102.00
RANBAXY                       450.00       434.00         442.00       449.00         457.00      463.00
RCOM                          179.00       174.00         176.00       180.00         182.00      186.00
RELCAPITAL                    784.00       767.00         775.00       787.00         795.00      806.00
RELIANCE                     1010.00       999.00       1004.00       1012.00       1018.00     1026.00
RELINFRA                     1109.00     1085.00        1097.00       1114.00       1126.00     1143.00
RPOWER                        164.00       161.00         162.00       165.00         167.00      170.00
SAIL                          204.00       197.00         200.00       203.00         206.00      209.00
SBIN                         2503.00     2420.00        2462.00       2492.00       2533.00     2563.00
SIEMENS                       699.00       684.00         692.00       702.00         709.00      720.00
STER                          175.00       172.00         173.00       176.00         177.00      180.00
SUNPHARMA                    1769.00     1727.00        1748.00       1776.00       1797.00     1826.00
SUZLON                          57.00       56.00          56.00         57.00         57.00       58.00
TATAMOTORS                    846.00       833.00         839.00       850.00         857.00      868.00
TATAPOWER                    1321.00     1289.00        1305.00       1318.00       1334.00     1348.00
TATASTEEL                     537.00       523.00         530.00       537.00         544.00      551.00
TCS                           840.00       827.00         833.00       842.00         848.00      857.00
UNITECH                         81.00       80.00          80.00         82.00         82.00       84.00
WIPRO                         412.00       404.00         408.00       413.00         417.00      421.00


     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.

More Related Content

What's hot

Technical report - July 13, 2010
Technical report - July 13, 2010Technical report - July 13, 2010
Technical report - July 13, 2010Angel Broking
 
Technical Report - August 12, 2010
Technical Report - August 12, 2010Technical Report - August 12, 2010
Technical Report - August 12, 2010Angel Broking
 
Technical Report - September 8, 2010
Technical Report - September 8, 2010Technical Report - September 8, 2010
Technical Report - September 8, 2010Angel Broking
 
Technical Report - August 18, 2010
Technical Report - August 18, 2010Technical Report - August 18, 2010
Technical Report - August 18, 2010Angel Broking
 
Tech Report - August 19, 2010
Tech Report - August 19, 2010Tech Report - August 19, 2010
Tech Report - August 19, 2010Angel Broking
 
Technical Report - July 14, 2010
Technical Report - July 14, 2010Technical Report - July 14, 2010
Technical Report - July 14, 2010Angel Broking
 
Technical Report - July 21, 2010
Technical Report - July 21, 2010Technical Report - July 21, 2010
Technical Report - July 21, 2010Angel Broking
 
Technical report - August 30, 2010
Technical report - August 30, 2010Technical report - August 30, 2010
Technical report - August 30, 2010Angel Broking
 
Technical Report - September 27, 2010
Technical Report - September 27, 2010Technical Report - September 27, 2010
Technical Report - September 27, 2010Angel Broking
 
Technical Report - August 25, 2010
Technical Report - August 25, 2010Technical Report - August 25, 2010
Technical Report - August 25, 2010Angel Broking
 
Technical Report - September 6, 2010
Technical Report - September 6, 2010Technical Report - September 6, 2010
Technical Report - September 6, 2010Angel Broking
 
Technical report - September 1,2010
Technical report - September 1,2010Technical report - September 1,2010
Technical report - September 1,2010Angel Broking
 
Tech Report 19 07 2010
Tech Report 19 07 2010Tech Report 19 07 2010
Tech Report 19 07 2010Angel Broking
 
Technical Report -September 7,2010
Technical Report -September 7,2010Technical Report -September 7,2010
Technical Report -September 7,2010Angel Broking
 
Technical report - july 16, 2010
Technical report - july 16, 2010Technical report - july 16, 2010
Technical report - july 16, 2010Angel Broking
 
Technical Report - July 20, 2010
Technical Report - July 20, 2010Technical Report - July 20, 2010
Technical Report - July 20, 2010Angel Broking
 
Technical report August 10, 2010
Technical report August 10, 2010Technical report August 10, 2010
Technical report August 10, 2010Angel Broking
 
Technical Report - September 20, 2010
Technical Report - September 20, 2010Technical Report - September 20, 2010
Technical Report - September 20, 2010Angel Broking
 
Technical Report - September 22, 2010
Technical Report - September 22, 2010Technical Report - September 22, 2010
Technical Report - September 22, 2010Angel Broking
 
Technical Report - September 21, 2010
Technical Report - September 21, 2010Technical Report - September 21, 2010
Technical Report - September 21, 2010Angel Broking
 

What's hot (20)

Technical report - July 13, 2010
Technical report - July 13, 2010Technical report - July 13, 2010
Technical report - July 13, 2010
 
Technical Report - August 12, 2010
Technical Report - August 12, 2010Technical Report - August 12, 2010
Technical Report - August 12, 2010
 
Technical Report - September 8, 2010
Technical Report - September 8, 2010Technical Report - September 8, 2010
Technical Report - September 8, 2010
 
Technical Report - August 18, 2010
Technical Report - August 18, 2010Technical Report - August 18, 2010
Technical Report - August 18, 2010
 
Tech Report - August 19, 2010
Tech Report - August 19, 2010Tech Report - August 19, 2010
Tech Report - August 19, 2010
 
Technical Report - July 14, 2010
Technical Report - July 14, 2010Technical Report - July 14, 2010
Technical Report - July 14, 2010
 
Technical Report - July 21, 2010
Technical Report - July 21, 2010Technical Report - July 21, 2010
Technical Report - July 21, 2010
 
Technical report - August 30, 2010
Technical report - August 30, 2010Technical report - August 30, 2010
Technical report - August 30, 2010
 
Technical Report - September 27, 2010
Technical Report - September 27, 2010Technical Report - September 27, 2010
Technical Report - September 27, 2010
 
Technical Report - August 25, 2010
Technical Report - August 25, 2010Technical Report - August 25, 2010
Technical Report - August 25, 2010
 
Technical Report - September 6, 2010
Technical Report - September 6, 2010Technical Report - September 6, 2010
Technical Report - September 6, 2010
 
Technical report - September 1,2010
Technical report - September 1,2010Technical report - September 1,2010
Technical report - September 1,2010
 
Tech Report 19 07 2010
Tech Report 19 07 2010Tech Report 19 07 2010
Tech Report 19 07 2010
 
Technical Report -September 7,2010
Technical Report -September 7,2010Technical Report -September 7,2010
Technical Report -September 7,2010
 
Technical report - july 16, 2010
Technical report - july 16, 2010Technical report - july 16, 2010
Technical report - july 16, 2010
 
Technical Report - July 20, 2010
Technical Report - July 20, 2010Technical Report - July 20, 2010
Technical Report - July 20, 2010
 
Technical report August 10, 2010
Technical report August 10, 2010Technical report August 10, 2010
Technical report August 10, 2010
 
Technical Report - September 20, 2010
Technical Report - September 20, 2010Technical Report - September 20, 2010
Technical Report - September 20, 2010
 
Technical Report - September 22, 2010
Technical Report - September 22, 2010Technical Report - September 22, 2010
Technical Report - September 22, 2010
 
Technical Report - September 21, 2010
Technical Report - September 21, 2010Technical Report - September 21, 2010
Technical Report - September 21, 2010
 

Viewers also liked

Derivatives report 26 oct-2010
Derivatives report 26 oct-2010Derivatives report 26 oct-2010
Derivatives report 26 oct-2010Angel Broking
 
Weekly review 08-05-10
Weekly review   08-05-10Weekly review   08-05-10
Weekly review 08-05-10Angel Broking
 
Marico Management Meet-210910
Marico Management Meet-210910Marico Management Meet-210910
Marico Management Meet-210910Angel Broking
 
Concor management meet note-230610
Concor management meet note-230610Concor management meet note-230610
Concor management meet note-230610Angel Broking
 
Market outlook 21 05-10
Market outlook 21 05-10Market outlook 21 05-10
Market outlook 21 05-10Angel Broking
 
Tvs motor ru2 qfy2011-211010
Tvs motor ru2 qfy2011-211010Tvs motor ru2 qfy2011-211010
Tvs motor ru2 qfy2011-211010Angel Broking
 
Market Outlook, 13 Apr 2010
Market Outlook, 13 Apr 2010Market Outlook, 13 Apr 2010
Market Outlook, 13 Apr 2010Angel Broking
 
Acc ru1 qcy2010-230410
Acc ru1 qcy2010-230410Acc ru1 qcy2010-230410
Acc ru1 qcy2010-230410Angel Broking
 
Derivatives report 29 apr-2010
Derivatives report 29 apr-2010Derivatives report 29 apr-2010
Derivatives report 29 apr-2010Angel Broking
 
Weekly Review - 24 July, 2010
Weekly Review - 24 July, 2010Weekly Review - 24 July, 2010
Weekly Review - 24 July, 2010Angel Broking
 
Derivatives report 11 june-2010
Derivatives report 11 june-2010Derivatives report 11 june-2010
Derivatives report 11 june-2010Angel Broking
 
Ranbaxy Result Update 1qcy2010-120510
Ranbaxy Result Update 1qcy2010-120510Ranbaxy Result Update 1qcy2010-120510
Ranbaxy Result Update 1qcy2010-120510Angel Broking
 
Tech report 09.06.2010
Tech report 09.06.2010Tech report 09.06.2010
Tech report 09.06.2010Angel Broking
 
Derivatives Report - 19th Oct 2010
Derivatives Report - 19th Oct 2010Derivatives Report - 19th Oct 2010
Derivatives Report - 19th Oct 2010Angel Broking
 
Kesoram Rayons
Kesoram RayonsKesoram Rayons
Kesoram RayonsAngel Broking
 
Market Outlook - June 22, 2010
Market Outlook - June 22, 2010Market Outlook - June 22, 2010
Market Outlook - June 22, 2010Angel Broking
 
Monnet Ispat and Energy
Monnet Ispat and Energy  Monnet Ispat and Energy
Monnet Ispat and Energy Angel Broking
 
Ambuja ru3 qcy2010-221010
Ambuja ru3 qcy2010-221010Ambuja ru3 qcy2010-221010
Ambuja ru3 qcy2010-221010Angel Broking
 
Avents ru3 qcy2010-281010
Avents ru3 qcy2010-281010Avents ru3 qcy2010-281010
Avents ru3 qcy2010-281010Angel Broking
 

Viewers also liked (20)

Derivatives report 26 oct-2010
Derivatives report 26 oct-2010Derivatives report 26 oct-2010
Derivatives report 26 oct-2010
 
Weekly review 08-05-10
Weekly review   08-05-10Weekly review   08-05-10
Weekly review 08-05-10
 
Marico Management Meet-210910
Marico Management Meet-210910Marico Management Meet-210910
Marico Management Meet-210910
 
Concor management meet note-230610
Concor management meet note-230610Concor management meet note-230610
Concor management meet note-230610
 
Market outlook 21 05-10
Market outlook 21 05-10Market outlook 21 05-10
Market outlook 21 05-10
 
Tvs motor ru2 qfy2011-211010
Tvs motor ru2 qfy2011-211010Tvs motor ru2 qfy2011-211010
Tvs motor ru2 qfy2011-211010
 
Market Outlook, 13 Apr 2010
Market Outlook, 13 Apr 2010Market Outlook, 13 Apr 2010
Market Outlook, 13 Apr 2010
 
Acc ru1 qcy2010-230410
Acc ru1 qcy2010-230410Acc ru1 qcy2010-230410
Acc ru1 qcy2010-230410
 
Derivatives report 29 apr-2010
Derivatives report 29 apr-2010Derivatives report 29 apr-2010
Derivatives report 29 apr-2010
 
Weekly Review - 24 July, 2010
Weekly Review - 24 July, 2010Weekly Review - 24 July, 2010
Weekly Review - 24 July, 2010
 
Derivatives report 11 june-2010
Derivatives report 11 june-2010Derivatives report 11 june-2010
Derivatives report 11 june-2010
 
Ranbaxy Result Update 1qcy2010-120510
Ranbaxy Result Update 1qcy2010-120510Ranbaxy Result Update 1qcy2010-120510
Ranbaxy Result Update 1qcy2010-120510
 
Tech report 09.06.2010
Tech report 09.06.2010Tech report 09.06.2010
Tech report 09.06.2010
 
Derivatives Report - 19th Oct 2010
Derivatives Report - 19th Oct 2010Derivatives Report - 19th Oct 2010
Derivatives Report - 19th Oct 2010
 
Kesoram Rayons
Kesoram RayonsKesoram Rayons
Kesoram Rayons
 
Market Outlook - June 22, 2010
Market Outlook - June 22, 2010Market Outlook - June 22, 2010
Market Outlook - June 22, 2010
 
ONGC
ONGCONGC
ONGC
 
Monnet Ispat and Energy
Monnet Ispat and Energy  Monnet Ispat and Energy
Monnet Ispat and Energy
 
Ambuja ru3 qcy2010-221010
Ambuja ru3 qcy2010-221010Ambuja ru3 qcy2010-221010
Ambuja ru3 qcy2010-221010
 
Avents ru3 qcy2010-281010
Avents ru3 qcy2010-281010Avents ru3 qcy2010-281010
Avents ru3 qcy2010-281010
 

Similar to Technical Report - August 2,2010

Technical Report - August 16, 2010
Technical Report - August 16, 2010Technical Report - August 16, 2010
Technical Report - August 16, 2010Angel Broking
 
Technical report - september 2, 2010
Technical report - september 2, 2010Technical report - september 2, 2010
Technical report - september 2, 2010Angel Broking
 
Technical Report , August 23, 2010
Technical Report , August 23, 2010Technical Report , August 23, 2010
Technical Report , August 23, 2010Angel Broking
 
Technical Report - August 6, 2010
Technical Report - August 6, 2010Technical Report - August 6, 2010
Technical Report - August 6, 2010Angel Broking
 
Technical report - August 9, 2010
Technical report - August 9, 2010Technical report - August 9, 2010
Technical report - August 9, 2010Angel Broking
 
Technical report - August 11, 2010
Technical report - August 11, 2010Technical report - August 11, 2010
Technical report - August 11, 2010Angel Broking
 
Techical Report - August 27, 2010
Techical Report - August 27, 2010Techical Report - August 27, 2010
Techical Report - August 27, 2010Angel Broking
 
Technical Report - August 26, 2010
Technical Report - August 26, 2010Technical Report - August 26, 2010
Technical Report - August 26, 2010Angel Broking
 
Technical Report - September 17, 2010
Technical Report - September 17, 2010Technical Report - September 17, 2010
Technical Report - September 17, 2010Angel Broking
 
Technical Report - September 15, 2010
Technical Report - September 15, 2010Technical Report - September 15, 2010
Technical Report - September 15, 2010Angel Broking
 
Technical report - July 27, 2010
Technical report - July 27, 2010Technical report - July 27, 2010
Technical report - July 27, 2010Angel Broking
 
Technical report - August 13, 2010
Technical report - August 13, 2010Technical report - August 13, 2010
Technical report - August 13, 2010Angel Broking
 
Tech report 21.10.2010
Tech report 21.10.2010Tech report 21.10.2010
Tech report 21.10.2010Angel Broking
 
Technical report - July 26, 2010
Technical report - July 26, 2010Technical report - July 26, 2010
Technical report - July 26, 2010Angel Broking
 
Tech report 18 10 2010
Tech report 18 10 2010Tech report 18 10 2010
Tech report 18 10 2010Angel Broking
 
Technical Report - September 16, 2010
Technical Report - September 16, 2010Technical Report - September 16, 2010
Technical Report - September 16, 2010Angel Broking
 

Similar to Technical Report - August 2,2010 (16)

Technical Report - August 16, 2010
Technical Report - August 16, 2010Technical Report - August 16, 2010
Technical Report - August 16, 2010
 
Technical report - september 2, 2010
Technical report - september 2, 2010Technical report - september 2, 2010
Technical report - september 2, 2010
 
Technical Report , August 23, 2010
Technical Report , August 23, 2010Technical Report , August 23, 2010
Technical Report , August 23, 2010
 
Technical Report - August 6, 2010
Technical Report - August 6, 2010Technical Report - August 6, 2010
Technical Report - August 6, 2010
 
Technical report - August 9, 2010
Technical report - August 9, 2010Technical report - August 9, 2010
Technical report - August 9, 2010
 
Technical report - August 11, 2010
Technical report - August 11, 2010Technical report - August 11, 2010
Technical report - August 11, 2010
 
Techical Report - August 27, 2010
Techical Report - August 27, 2010Techical Report - August 27, 2010
Techical Report - August 27, 2010
 
Technical Report - August 26, 2010
Technical Report - August 26, 2010Technical Report - August 26, 2010
Technical Report - August 26, 2010
 
Technical Report - September 17, 2010
Technical Report - September 17, 2010Technical Report - September 17, 2010
Technical Report - September 17, 2010
 
Technical Report - September 15, 2010
Technical Report - September 15, 2010Technical Report - September 15, 2010
Technical Report - September 15, 2010
 
Technical report - July 27, 2010
Technical report - July 27, 2010Technical report - July 27, 2010
Technical report - July 27, 2010
 
Technical report - August 13, 2010
Technical report - August 13, 2010Technical report - August 13, 2010
Technical report - August 13, 2010
 
Tech report 21.10.2010
Tech report 21.10.2010Tech report 21.10.2010
Tech report 21.10.2010
 
Technical report - July 26, 2010
Technical report - July 26, 2010Technical report - July 26, 2010
Technical report - July 26, 2010
 
Tech report 18 10 2010
Tech report 18 10 2010Tech report 18 10 2010
Tech report 18 10 2010
 
Technical Report - September 16, 2010
Technical Report - September 16, 2010Technical Report - September 16, 2010
Technical Report - September 16, 2010
 

More from Angel Broking

Market outlook 110612
Market outlook 110612Market outlook 110612
Market outlook 110612Angel Broking
 
Axis%20 bank ru1qfy2012-220711
Axis%20 bank ru1qfy2012-220711Axis%20 bank ru1qfy2012-220711
Axis%20 bank ru1qfy2012-220711Angel Broking
 
Electrosteel castings
Electrosteel castingsElectrosteel castings
Electrosteel castingsAngel Broking
 
Persistent systems
Persistent systemsPersistent systems
Persistent systemsAngel Broking
 
Derivative report 19th July 2011
Derivative report 19th July 2011Derivative report 19th July 2011
Derivative report 19th July 2011Angel Broking
 
Market outlook 19th July 2011
Market outlook 19th July 2011Market outlook 19th July 2011
Market outlook 19th July 2011Angel Broking
 
Telecom sector
Telecom sectorTelecom sector
Telecom sectorAngel Broking
 
Weekly Report 18th July 2011
Weekly Report 18th July 2011Weekly Report 18th July 2011
Weekly Report 18th July 2011Angel Broking
 
Derivative Report 18th July 2011
Derivative Report 18th July 2011Derivative Report 18th July 2011
Derivative Report 18th July 2011Angel Broking
 
Technical Report 18th July 2011
Technical Report 18th July 2011Technical Report 18th July 2011
Technical Report 18th July 2011Angel Broking
 
Market Outlook 18th July 2011
Market Outlook 18th July 2011Market Outlook 18th July 2011
Market Outlook 18th July 2011Angel Broking
 
South Indian Bank
 South Indian Bank South Indian Bank
South Indian BankAngel Broking
 
Bajaj auto Result Updated
Bajaj auto Result UpdatedBajaj auto Result Updated
Bajaj auto Result UpdatedAngel Broking
 
Tata consultancy services
Tata consultancy services Tata consultancy services
Tata consultancy services Angel Broking
 
Derivatives Report 15th July 2011
Derivatives Report 15th July 2011Derivatives Report 15th July 2011
Derivatives Report 15th July 2011Angel Broking
 
Technical Report 15th July 2011
Technical Report 15th July 2011Technical Report 15th July 2011
Technical Report 15th July 2011Angel Broking
 
Infosys Result Updated
Infosys Result UpdatedInfosys Result Updated
Infosys Result UpdatedAngel Broking
 
Derivative Report 13th July 2011
Derivative Report 13th July 2011Derivative Report 13th July 2011
Derivative Report 13th July 2011Angel Broking
 

More from Angel Broking (20)

Market outlook 110612
Market outlook 110612Market outlook 110612
Market outlook 110612
 
Axis%20 bank ru1qfy2012-220711
Axis%20 bank ru1qfy2012-220711Axis%20 bank ru1qfy2012-220711
Axis%20 bank ru1qfy2012-220711
 
Electrosteel castings
Electrosteel castingsElectrosteel castings
Electrosteel castings
 
Persistent systems
Persistent systemsPersistent systems
Persistent systems
 
Ht media
Ht mediaHt media
Ht media
 
Derivative report 19th July 2011
Derivative report 19th July 2011Derivative report 19th July 2011
Derivative report 19th July 2011
 
Market outlook 19th July 2011
Market outlook 19th July 2011Market outlook 19th July 2011
Market outlook 19th July 2011
 
Telecom sector
Telecom sectorTelecom sector
Telecom sector
 
Weekly Report 18th July 2011
Weekly Report 18th July 2011Weekly Report 18th July 2011
Weekly Report 18th July 2011
 
Derivative Report 18th July 2011
Derivative Report 18th July 2011Derivative Report 18th July 2011
Derivative Report 18th July 2011
 
Technical Report 18th July 2011
Technical Report 18th July 2011Technical Report 18th July 2011
Technical Report 18th July 2011
 
Market Outlook 18th July 2011
Market Outlook 18th July 2011Market Outlook 18th July 2011
Market Outlook 18th July 2011
 
South Indian Bank
 South Indian Bank South Indian Bank
South Indian Bank
 
Bajaj auto Result Updated
Bajaj auto Result UpdatedBajaj auto Result Updated
Bajaj auto Result Updated
 
Tata consultancy services
Tata consultancy services Tata consultancy services
Tata consultancy services
 
Fc4 e63c4d01
Fc4 e63c4d01Fc4 e63c4d01
Fc4 e63c4d01
 
Derivatives Report 15th July 2011
Derivatives Report 15th July 2011Derivatives Report 15th July 2011
Derivatives Report 15th July 2011
 
Technical Report 15th July 2011
Technical Report 15th July 2011Technical Report 15th July 2011
Technical Report 15th July 2011
 
Infosys Result Updated
Infosys Result UpdatedInfosys Result Updated
Infosys Result Updated
 
Derivative Report 13th July 2011
Derivative Report 13th July 2011Derivative Report 13th July 2011
Derivative Report 13th July 2011
 

Recently uploaded

Dividend Policy and Dividend Decision Theories.pptx
Dividend Policy and Dividend Decision Theories.pptxDividend Policy and Dividend Decision Theories.pptx
Dividend Policy and Dividend Decision Theories.pptxanshikagoel52
 
How Automation is Driving Efficiency Through the Last Mile of Reporting
How Automation is Driving Efficiency Through the Last Mile of ReportingHow Automation is Driving Efficiency Through the Last Mile of Reporting
How Automation is Driving Efficiency Through the Last Mile of ReportingAggregage
 
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...ranjana rawat
 
The Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdfThe Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdfGale Pooley
 
VIP Call Girls Thane Sia 8617697112 Independent Escort Service Thane
VIP Call Girls Thane Sia 8617697112 Independent Escort Service ThaneVIP Call Girls Thane Sia 8617697112 Independent Escort Service Thane
VIP Call Girls Thane Sia 8617697112 Independent Escort Service ThaneCall girls in Ahmedabad High profile
 
Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School DesignsInstant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designsegoetzinger
 
The Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfThe Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfGale Pooley
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptxFinTech Belgium
 
00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptxFinTech Belgium
 
20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdfAdnet Communications
 
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptxOAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptxhiddenlevers
 
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur EscortsHigh Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escortsranjana rawat
 
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...Pooja Nehwal
 
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service AizawlVip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawlmakika9823
 
Lundin Gold April 2024 Corporate Presentation v4.pdf
Lundin Gold April 2024 Corporate Presentation v4.pdfLundin Gold April 2024 Corporate Presentation v4.pdf
Lundin Gold April 2024 Corporate Presentation v4.pdfAdnet Communications
 
The Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdfThe Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdfGale Pooley
 
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779Delhi Call girls
 
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur EscortsCall Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escortsranjana rawat
 
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...Pooja Nehwal
 
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikHigh Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikCall Girls in Nagpur High Profile
 

Recently uploaded (20)

Dividend Policy and Dividend Decision Theories.pptx
Dividend Policy and Dividend Decision Theories.pptxDividend Policy and Dividend Decision Theories.pptx
Dividend Policy and Dividend Decision Theories.pptx
 
How Automation is Driving Efficiency Through the Last Mile of Reporting
How Automation is Driving Efficiency Through the Last Mile of ReportingHow Automation is Driving Efficiency Through the Last Mile of Reporting
How Automation is Driving Efficiency Through the Last Mile of Reporting
 
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
 
The Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdfThe Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdf
 
VIP Call Girls Thane Sia 8617697112 Independent Escort Service Thane
VIP Call Girls Thane Sia 8617697112 Independent Escort Service ThaneVIP Call Girls Thane Sia 8617697112 Independent Escort Service Thane
VIP Call Girls Thane Sia 8617697112 Independent Escort Service Thane
 
Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School DesignsInstant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designs
 
The Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfThe Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdf
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx
 
00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx
 
20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf20240429 Calibre April 2024 Investor Presentation.pdf
20240429 Calibre April 2024 Investor Presentation.pdf
 
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptxOAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
OAT_RI_Ep19 WeighingTheRisks_Apr24_TheYellowMetal.pptx
 
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur EscortsHigh Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
High Class Call Girls Nagpur Grishma Call 7001035870 Meet With Nagpur Escorts
 
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
 
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service AizawlVip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
 
Lundin Gold April 2024 Corporate Presentation v4.pdf
Lundin Gold April 2024 Corporate Presentation v4.pdfLundin Gold April 2024 Corporate Presentation v4.pdf
Lundin Gold April 2024 Corporate Presentation v4.pdf
 
The Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdfThe Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdf
 
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
 
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur EscortsCall Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
Call Girls Service Nagpur Maya Call 7001035870 Meet With Nagpur Escorts
 
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
 
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikHigh Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
 

Technical Report - August 2,2010

  • 1. Technical Report Date : 02/08/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 5408 17981 HCLTECH 3.69 ABB 4.14 REALTY (1.40) High 5413 18000 IDEA 2.77 GAIL 3.26 TECK (1.22) Low 5349 17839 M&M 2.54 HEROHONDA 3.17 CG (1.14) Close 5368 17868 RANBAXY 1.80 RPOWER 2.97 IT (1.13) % Chg (0.76) (0.69) HDFCBANK 1.21 ICICIBANK 2.94 POWER (0.89) Source : Falcon SENSEX DLY CHART We are of the opinion that the indices are likely to witness some range - bound activity between 17400 to 18200 / 5350 to 5450 levels OR a correction to the tune of 17700 – 17450 / 5320 - 5240 levels in the coming week. However, the Daily and the Hourly charts are in an oversold zone. Hence, a bounce from current levels cannot be ruled out. Strong upward momentum would resume only if the indices trade and close above 18315 / 5480 levels. We maintain our view that traders should maintain stop loss at 5340 levels, for all long positions. Stocks +ve Bias Stocks -ve Bias UNITED PHOS 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 17868.00 17741.00 17805.00 17903.00 17966.00 18064.00 NIFTY 5368.00 5313.00 5340.00 5377.00 5404.00 5441.00 ABB 811.00 774.00 793.00 825.00 843.00 875.00 ACC 831.00 813.00 822.00 836.00 845.00 858.00 AMBUJACEM 118.00 115.00 117.00 118.00 120.00 121.00 AXISBANK 1343.00 1319.00 1331.00 1349.00 1361.00 1379.00 BHARTIARTL 307.00 296.00 301.00 311.00 316.00 325.00 BHEL 2438.00 2398.00 2418.00 2440.00 2460.00 2482.00 BPCL 642.00 618.00 630.00 642.00 654.00 667.00 CAIRN 334.00 327.00 331.00 335.00 338.00 343.00 CIPLA 326.00 319.00 323.00 327.00 330.00 334.00 DLF 301.00 294.00 298.00 304.00 307.00 313.00 GAIL 439.00 426.00 432.00 443.00 449.00 459.00 HCLTECH 392.00 372.00 382.00 388.00 398.00 404.00 HDFC 2980.00 2932.00 2956.00 2978.00 3002.00 3024.00 HDFCBANK 2127.00 2058.00 2092.00 2115.00 2149.00 2172.00 HEROHONDA 1815.00 1762.00 1789.00 1817.00 1843.00 1871.00 HINDALCO 160.00 158.00 159.00 161.00 162.00 164.00 HINDUNILVR 251.00 244.00 248.00 253.00 257.00 262.00 ICICIBANK 905.00 881.00 893.00 912.00 924.00 944.00 IDEA 71.00 66.00 68.00 70.00 72.00 73.00 IDFC 186.00 181.00 184.00 187.00 190.00 194.00 INFOSYSTCH 2788.00 2722.00 2755.00 2793.00 2826.00 2864.00 ITC 309.00 303.00 306.00 309.00 312.00 315.00 JINDALSTEL 622.00 612.00 617.00 623.00 628.00 634.00 JPASSOCIAT 118.00 117.00 117.00 118.00 119.00 120.00 KOTAKBANK 771.00 754.00 763.00 772.00 780.00 790.00 LT 1794.00 1756.00 1775.00 1810.00 1829.00 1864.00 M&M 662.00 631.00 646.00 655.00 671.00 680.00 MARUTI 1199.00 1181.00 1190.00 1201.00 1210.00 1222.00 NTPC 199.00 197.00 198.00 199.00 200.00 201.00 ONGC 1241.00 1208.00 1224.00 1237.00 1253.00 1266.00 PNB 1070.00 1034.00 1052.00 1065.00 1083.00 1096.00 POWERGRID 100.00 100.00 100.00 101.00 101.00 102.00 RANBAXY 450.00 434.00 442.00 449.00 457.00 463.00 RCOM 179.00 174.00 176.00 180.00 182.00 186.00 RELCAPITAL 784.00 767.00 775.00 787.00 795.00 806.00 RELIANCE 1010.00 999.00 1004.00 1012.00 1018.00 1026.00 RELINFRA 1109.00 1085.00 1097.00 1114.00 1126.00 1143.00 RPOWER 164.00 161.00 162.00 165.00 167.00 170.00 SAIL 204.00 197.00 200.00 203.00 206.00 209.00 SBIN 2503.00 2420.00 2462.00 2492.00 2533.00 2563.00 SIEMENS 699.00 684.00 692.00 702.00 709.00 720.00 STER 175.00 172.00 173.00 176.00 177.00 180.00 SUNPHARMA 1769.00 1727.00 1748.00 1776.00 1797.00 1826.00 SUZLON 57.00 56.00 56.00 57.00 57.00 58.00 TATAMOTORS 846.00 833.00 839.00 850.00 857.00 868.00 TATAPOWER 1321.00 1289.00 1305.00 1318.00 1334.00 1348.00 TATASTEEL 537.00 523.00 530.00 537.00 544.00 551.00 TCS 840.00 827.00 833.00 842.00 848.00 857.00 UNITECH 81.00 80.00 80.00 82.00 82.00 84.00 WIPRO 412.00 404.00 408.00 413.00 417.00 421.00 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.