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Technical Report

                                                                                            Date : 27/09/2010

                                               Market Summary
                   Indices               Top 5 Gainers             Top 5 Losers                Sectoral Watch
                  Nifty     Sensex      Stocks    % Gain       Stocks     % Loss            Sector           %G/L
Open                5959      19836     DLF        5.54        JINDALSTEL   1.46            REALTY            2.78
High                6029      20072     IDFC       5.35        STER         0.49            FMCG              1.79
Low                 5951      19834     HINDUNILVR 4.35        TATAMOTORS   0.26            CD                1.67
Close               6018      20045     BHARTIARTL 3.43        TCS          0.21            BANKEX            0.98
% Chg                  0.99      0.93   UNITECH    3.14        CAIRN        0.18            AUTO              0.94




Source : Falcon                                                                                       SENSEX DLY CHART
With the F&O derivative expiry in the coming week, markets are likely to witness volatile sessions. On the Daily
chart, after a steep rise, we have seen some consolidation but prices have managed to close above the 5-day
EMA. This suggests that we may witness continuation of the up-trend or a sideways consolidation of the previous
up-move. On the upside, if the indices trade above 20105 / 6037 levels, they are likely to test 20450 / 6150 or
even extend their gains to test an all-time high over the next couple of weeks. On the flip-side, a correction up to
19150 – 18990 / 5750 – 5700 levels could be expected if the indices breach 19770 / 5930 levels




                      Stocks +ve Bias                                               Stocks -ve Bias
                             GAIL
                             ABAN



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                      20045.00    19745.00       19895.00     19983.00       20133.00    20222.00
NIFTY                        6018.00     5922.00        5970.00       6000.00       6048.00     6077.00
ABB                           880.00       867.00         874.00       878.00         885.00      889.00
ACC                          1015.00       999.00       1007.00       1013.00       1021.00     1028.00
AMBUJACEM                     146.00       142.00         144.00       145.00         148.00      149.00
AXISBANK                     1507.00     1461.00        1484.00       1498.00       1521.00     1536.00
BHARTIARTL                    368.00       347.00         358.00       364.00         374.00      380.00
BHEL                         2457.00     2425.00        2441.00       2452.00       2468.00     2479.00
BPCL                          789.00       772.00         781.00       790.00         798.00      807.00
CAIRN                         329.00       323.00         326.00       329.00         332.00      335.00
CIPLA                         316.00       312.00         314.00       316.00         318.00      321.00
DLF                           365.00       340.00         353.00       360.00         373.00      380.00
GAIL                          480.00       472.00         476.00       479.00         483.00      486.00
HCLTECH                       421.00       407.00         414.00       418.00         426.00      430.00
HDFC                          733.00       716.00         724.00       730.00         739.00      745.00
HDFCBANK                     2495.00     2375.00        2435.00       2468.00       2529.00     2562.00
HEROHONDA                    1864.00     1755.00        1809.00       1842.00       1897.00     1930.00
HINDALCO                      191.00       188.00         189.00       191.00         193.00      194.00
HINDUNILVR                    315.00       298.00         307.00       312.00         321.00      326.00
ICICIBANK                    1114.00     1077.00        1096.00       1107.00       1126.00     1137.00
IDEA                            77.00       75.00          76.00         77.00         79.00       80.00
IDFC                          206.00       192.00         199.00       203.00         210.00      214.00
INFOSYSTCH                   3049.00     2969.00        3009.00       3034.00       3074.00     3099.00
ITC                           179.00       175.00         177.00       179.00         181.00      183.00
JINDALSTEL                    693.00       679.00         686.00       696.00         703.00      712.00
JPASSOCIAT                    121.00       118.00         120.00       121.00         123.00      124.00
KOTAKBANK                     484.00       473.00         479.00       483.00         489.00      493.00
LT                           2019.00     1971.00        1995.00       2009.00       2034.00     2048.00
M&M                           691.00       681.00         686.00       690.00         695.00      700.00
MARUTI                       1482.00     1451.00        1466.00       1476.00       1491.00     1501.00
NTPC                          209.00       203.00         206.00       208.00         211.00      213.00
ONGC                         1437.00     1400.00        1418.00       1433.00       1452.00     1467.00
PNB                          1285.00     1247.00        1266.00       1284.00       1304.00     1322.00
POWERGRID                     106.00       104.00         105.00       105.00         106.00      107.00
RANBAXY                       570.00       553.00         562.00       569.00         577.00      584.00
RCOM                          170.00       165.00         167.00       170.00         172.00      175.00
RELCAPITAL                    812.00       794.00         803.00       809.00         818.00      824.00
RELIANCE                     1002.00       984.00         993.00      1001.00       1010.00     1018.00
RELINFRA                     1076.00     1036.00        1056.00       1074.00       1094.00     1112.00
RPOWER                        161.00       156.00         159.00       160.00         163.00      164.00
SAIL                          206.00       202.00         204.00       206.00         208.00      210.00
SBIN                         3141.00     3105.00        3123.00       3142.00       3160.00     3178.00
SIEMENS                       786.00       772.00         779.00       788.00         795.00      804.00
STER                          172.00       169.00         171.00       173.00         174.00      176.00
SUNPHARMA                    1921.00     1855.00        1888.00       1914.00       1947.00     1973.00
SUZLON                          54.00       53.00          54.00         54.00         55.00       56.00
TATAMOTORS                   1073.00     1056.00        1064.00       1071.00       1079.00     1086.00
TATAPOWER                    1329.00     1302.00        1316.00       1325.00       1338.00     1347.00
TATASTEEL                     630.00       619.00         625.00       629.00         635.00      639.00
TCS                           932.00       919.00         925.00       932.00         938.00      945.00
UNITECH                         86.00       74.00          80.00         83.00         89.00       92.00
WIPRO                         447.00       433.00         440.00       445.00         452.00      457.00



     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
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with any recommendation and related information and opinions.

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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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Market Summary and Technical Outlook

  • 1. Technical Report Date : 27/09/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 5959 19836 DLF 5.54 JINDALSTEL 1.46 REALTY 2.78 High 6029 20072 IDFC 5.35 STER 0.49 FMCG 1.79 Low 5951 19834 HINDUNILVR 4.35 TATAMOTORS 0.26 CD 1.67 Close 6018 20045 BHARTIARTL 3.43 TCS 0.21 BANKEX 0.98 % Chg 0.99 0.93 UNITECH 3.14 CAIRN 0.18 AUTO 0.94 Source : Falcon SENSEX DLY CHART With the F&O derivative expiry in the coming week, markets are likely to witness volatile sessions. On the Daily chart, after a steep rise, we have seen some consolidation but prices have managed to close above the 5-day EMA. This suggests that we may witness continuation of the up-trend or a sideways consolidation of the previous up-move. On the upside, if the indices trade above 20105 / 6037 levels, they are likely to test 20450 / 6150 or even extend their gains to test an all-time high over the next couple of weeks. On the flip-side, a correction up to 19150 – 18990 / 5750 – 5700 levels could be expected if the indices breach 19770 / 5930 levels Stocks +ve Bias Stocks -ve Bias GAIL ABAN 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 20045.00 19745.00 19895.00 19983.00 20133.00 20222.00 NIFTY 6018.00 5922.00 5970.00 6000.00 6048.00 6077.00 ABB 880.00 867.00 874.00 878.00 885.00 889.00 ACC 1015.00 999.00 1007.00 1013.00 1021.00 1028.00 AMBUJACEM 146.00 142.00 144.00 145.00 148.00 149.00 AXISBANK 1507.00 1461.00 1484.00 1498.00 1521.00 1536.00 BHARTIARTL 368.00 347.00 358.00 364.00 374.00 380.00 BHEL 2457.00 2425.00 2441.00 2452.00 2468.00 2479.00 BPCL 789.00 772.00 781.00 790.00 798.00 807.00 CAIRN 329.00 323.00 326.00 329.00 332.00 335.00 CIPLA 316.00 312.00 314.00 316.00 318.00 321.00 DLF 365.00 340.00 353.00 360.00 373.00 380.00 GAIL 480.00 472.00 476.00 479.00 483.00 486.00 HCLTECH 421.00 407.00 414.00 418.00 426.00 430.00 HDFC 733.00 716.00 724.00 730.00 739.00 745.00 HDFCBANK 2495.00 2375.00 2435.00 2468.00 2529.00 2562.00 HEROHONDA 1864.00 1755.00 1809.00 1842.00 1897.00 1930.00 HINDALCO 191.00 188.00 189.00 191.00 193.00 194.00 HINDUNILVR 315.00 298.00 307.00 312.00 321.00 326.00 ICICIBANK 1114.00 1077.00 1096.00 1107.00 1126.00 1137.00 IDEA 77.00 75.00 76.00 77.00 79.00 80.00 IDFC 206.00 192.00 199.00 203.00 210.00 214.00 INFOSYSTCH 3049.00 2969.00 3009.00 3034.00 3074.00 3099.00 ITC 179.00 175.00 177.00 179.00 181.00 183.00 JINDALSTEL 693.00 679.00 686.00 696.00 703.00 712.00 JPASSOCIAT 121.00 118.00 120.00 121.00 123.00 124.00 KOTAKBANK 484.00 473.00 479.00 483.00 489.00 493.00 LT 2019.00 1971.00 1995.00 2009.00 2034.00 2048.00 M&M 691.00 681.00 686.00 690.00 695.00 700.00 MARUTI 1482.00 1451.00 1466.00 1476.00 1491.00 1501.00 NTPC 209.00 203.00 206.00 208.00 211.00 213.00 ONGC 1437.00 1400.00 1418.00 1433.00 1452.00 1467.00 PNB 1285.00 1247.00 1266.00 1284.00 1304.00 1322.00 POWERGRID 106.00 104.00 105.00 105.00 106.00 107.00 RANBAXY 570.00 553.00 562.00 569.00 577.00 584.00 RCOM 170.00 165.00 167.00 170.00 172.00 175.00 RELCAPITAL 812.00 794.00 803.00 809.00 818.00 824.00 RELIANCE 1002.00 984.00 993.00 1001.00 1010.00 1018.00 RELINFRA 1076.00 1036.00 1056.00 1074.00 1094.00 1112.00 RPOWER 161.00 156.00 159.00 160.00 163.00 164.00 SAIL 206.00 202.00 204.00 206.00 208.00 210.00 SBIN 3141.00 3105.00 3123.00 3142.00 3160.00 3178.00 SIEMENS 786.00 772.00 779.00 788.00 795.00 804.00 STER 172.00 169.00 171.00 173.00 174.00 176.00 SUNPHARMA 1921.00 1855.00 1888.00 1914.00 1947.00 1973.00 SUZLON 54.00 53.00 54.00 54.00 55.00 56.00 TATAMOTORS 1073.00 1056.00 1064.00 1071.00 1079.00 1086.00 TATAPOWER 1329.00 1302.00 1316.00 1325.00 1338.00 1347.00 TATASTEEL 630.00 619.00 625.00 629.00 635.00 639.00 TCS 932.00 919.00 925.00 932.00 938.00 945.00 UNITECH 86.00 74.00 80.00 83.00 89.00 92.00 WIPRO 447.00 433.00 440.00 445.00 452.00 457.00 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.