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

                                                                                            Date : 09/09/2010

                                               Market Summary
                   Indices               Top 5 Gainers             Top 5 Losers                Sectoral Watch
                  Nifty     Sensex      Stocks    % Gain       Stocks         % Loss        Sector           %G/L
Open                5604      18628     BHARTIARTL 2.75        RELCAPITAL       2.45        TECK               0.86
High                5625      18721     IDEA       2.57        RELINFRA         1.80        IT                 0.57
Low                 5568      18541     ACC        2.44        CAIRN            1.65        REALTY             0.46
Close               5608      18667     SBIN       2.31        ITC              1.56        HC                 0.38
% Chg                  0.07      0.12   SUNPHARMA 1.81         AXISBANK         1.36        CG                (0.45)




Source : Falcon                                                                                       SENSEX DLY CHART
Markets opened on a flat note despite of weak global cues and traded with choppiness to close marginally in
green. On the daily charts, after a V - pattern breakout, we are witnessing a narrow range body formation which
indicates consolidation of previous rise but not weakness. We maintain our view that for coming trading session,
if indices trade convincingly above 18711 / 5612 level then it is likely to test 18780 - 18900 / 5650 - 5700 levels
and on the downside, 18470 - 18370 / 5550 - 5520 levels may act as support for the day.




                      Stocks +ve Bias                                               Stocks -ve Bias
                        NOIDATOLL




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                      18667.00    18462.00       18565.00     18643.00       18745.00    18823.00
NIFTY                        5608.00     5543.00        5575.00       5600.00       5633.00     5658.00
ABB                           784.00       776.00         780.00       783.00         787.00      790.00
ACC                           993.00       929.00         961.00       982.00       1014.00     1034.00
AMBUJACEM                     137.00       132.00         135.00       137.00         139.00      141.00
AXISBANK                     1381.00     1363.00        1372.00       1382.00       1392.00     1402.00
BHARTIARTL                    352.00       332.00         342.00       348.00         358.00      364.00
BHEL                         2440.00     2409.00        2424.00       2437.00       2452.00     2464.00
BPCL                          757.00       736.00         747.00       757.00         767.00      777.00
CAIRN                         329.00       324.00         327.00       331.00         333.00      337.00
CIPLA                         311.00       306.00         308.00       312.00         315.00      318.00
DLF                           318.00       311.00         315.00       317.00         321.00      323.00
GAIL                          467.00       458.00         463.00       468.00         472.00      477.00
HCLTECH                       406.00       395.00         400.00       404.00         409.00      412.00
HDFC                          631.00       624.00         627.00       631.00         635.00      638.00
HDFCBANK                     2180.00     2155.00        2167.00       2184.00       2196.00     2212.00
HEROHONDA                    1706.00     1690.00        1698.00       1706.00       1714.00     1723.00
HINDALCO                      181.00       177.00         179.00       181.00         183.00      185.00
HINDUNILVR                    274.00       266.00         270.00       273.00         277.00      279.00
ICICIBANK                    1028.00     1013.00        1021.00       1031.00       1038.00     1048.00
IDEA                            76.00       71.00          74.00         75.00         77.00       79.00
IDFC                          186.00       181.00         184.00       185.00         187.00      189.00
INFOSYSTCH                   2879.00     2802.00        2841.00       2864.00       2902.00     2925.00
ITC                           164.00       162.00         163.00       164.00         166.00      167.00
JINDALSTEL                    711.00       695.00         703.00       708.00         715.00      720.00
JPASSOCIAT                    119.00       116.00         117.00       119.00         120.00      122.00
KOTAKBANK                     847.00       833.00         840.00       847.00         854.00      861.00
LT                           1867.00     1837.00        1852.00       1867.00       1882.00     1898.00
M&M                           635.00       623.00         629.00       634.00         640.00      644.00
MARUTI                       1308.00     1282.00        1295.00       1316.00       1329.00     1350.00
NTPC                          199.00       197.00         198.00       199.00         200.00      201.00
ONGC                         1356.00     1329.00        1342.00       1353.00       1367.00     1378.00
PNB                          1229.00     1185.00        1207.00       1224.00       1246.00     1263.00
POWERGRID                     107.00       105.00         106.00       106.00         107.00      108.00
RANBAXY                       512.00       498.00         505.00       512.00         519.00      525.00
RCOM                          165.00       159.00         162.00       164.00         167.00      168.00
RELCAPITAL                    776.00       759.00         768.00       783.00         792.00      807.00
RELIANCE                      960.00       946.00         953.00       959.00         966.00      971.00
RELINFRA                     1026.00     1008.00        1017.00       1029.00       1038.00     1051.00
RPOWER                        156.00       155.00         155.00       157.00         158.00      159.00
SAIL                          199.00       191.00         195.00       198.00         202.00      205.00
SBIN                         2896.00     2774.00        2835.00       2870.00       2932.00     2967.00
SIEMENS                       707.00       701.00         704.00       707.00         710.00      713.00
STER                          167.00       159.00         163.00       166.00         170.00      173.00
SUNPHARMA                    1754.00     1673.00        1713.00       1781.00       1821.00     1889.00
SUZLON                          52.00       50.00          51.00         52.00         52.00       53.00
TATAMOTORS                   1033.00     1017.00        1025.00       1034.00       1042.00     1052.00
TATAPOWER                    1274.00     1254.00        1264.00       1276.00       1286.00     1297.00
TATASTEEL                     581.00       560.00         570.00       578.00         589.00      597.00
TCS                           879.00       850.00         864.00       874.00         888.00      898.00
UNITECH                         82.00       80.00          81.00         82.00         83.00       84.00
WIPRO                         411.00       398.00         404.00       410.00         416.00      422.00


     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 - September 6, 2010
Technical Report - September 6, 2010Technical Report - September 6, 2010
Technical Report - September 6, 2010Angel Broking
 
Technical Report - September 3, 2010
Technical Report - September 3, 2010Technical Report - September 3, 2010
Technical Report - September 3, 2010Angel Broking
 
Technical Report - 19th Oct 2010
Technical Report - 19th Oct 2010Technical Report - 19th Oct 2010
Technical Report - 19th Oct 2010Angel Broking
 
Tech%20 report%2015.10.2010
Tech%20 report%2015.10.2010Tech%20 report%2015.10.2010
Tech%20 report%2015.10.2010Angel Broking
 
Technical Report , August 23, 2010
Technical Report , August 23, 2010Technical Report , August 23, 2010
Technical Report , August 23, 2010Angel Broking
 
Tech report 14.05.2010
Tech report 14.05.2010Tech report 14.05.2010
Tech report 14.05.2010Angel Broking
 
Tech report 05.10.2010
Tech report 05.10.2010Tech report 05.10.2010
Tech report 05.10.2010Angel Broking
 
Technical Report - September 29,2010
Technical Report - September 29,2010Technical Report - September 29,2010
Technical Report - September 29,2010Angel Broking
 
Tech Report 19 07 2010
Tech Report 19 07 2010Tech Report 19 07 2010
Tech Report 19 07 2010Angel Broking
 
Technical report - July 29, 2010
Technical report - July 29, 2010Technical report - July 29, 2010
Technical report - July 29, 2010Angel Broking
 
Tech report 23 06 2010
Tech report 23 06 2010Tech report 23 06 2010
Tech report 23 06 2010Angel Broking
 
Technical Report - 11 October 2010
Technical Report - 11 October 2010Technical Report - 11 October 2010
Technical Report - 11 October 2010Angel Broking
 
Technical Report - August 2,2010
Technical Report - August 2,2010Technical Report - August 2,2010
Technical Report - August 2,2010Angel Broking
 
Technical report - July 13, 2010
Technical report - July 13, 2010Technical report - July 13, 2010
Technical report - July 13, 2010Angel Broking
 
Technical report- June 17,2010
Technical report- June 17,2010Technical report- June 17,2010
Technical report- June 17,2010Angel Broking
 
Technical Report - August 25, 2010
Technical Report - August 25, 2010Technical Report - August 25, 2010
Technical Report - August 25, 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 1, 2010
Technical Report - July 1, 2010Technical Report - July 1, 2010
Technical Report - July 1, 2010Angel Broking
 
Technical Report - September 27, 2010
Technical Report - September 27, 2010Technical Report - September 27, 2010
Technical Report - September 27, 2010Angel Broking
 
Technical report - July 28, 2010
Technical report - July 28, 2010Technical report - July 28, 2010
Technical report - July 28, 2010Angel Broking
 

What's hot (20)

Technical Report - September 6, 2010
Technical Report - September 6, 2010Technical Report - September 6, 2010
Technical Report - September 6, 2010
 
Technical Report - September 3, 2010
Technical Report - September 3, 2010Technical Report - September 3, 2010
Technical Report - September 3, 2010
 
Technical Report - 19th Oct 2010
Technical Report - 19th Oct 2010Technical Report - 19th Oct 2010
Technical Report - 19th Oct 2010
 
Tech%20 report%2015.10.2010
Tech%20 report%2015.10.2010Tech%20 report%2015.10.2010
Tech%20 report%2015.10.2010
 
Technical Report , August 23, 2010
Technical Report , August 23, 2010Technical Report , August 23, 2010
Technical Report , August 23, 2010
 
Tech report 14.05.2010
Tech report 14.05.2010Tech report 14.05.2010
Tech report 14.05.2010
 
Tech report 05.10.2010
Tech report 05.10.2010Tech report 05.10.2010
Tech report 05.10.2010
 
Technical Report - September 29,2010
Technical Report - September 29,2010Technical Report - September 29,2010
Technical Report - September 29,2010
 
Tech Report 19 07 2010
Tech Report 19 07 2010Tech Report 19 07 2010
Tech Report 19 07 2010
 
Technical report - July 29, 2010
Technical report - July 29, 2010Technical report - July 29, 2010
Technical report - July 29, 2010
 
Tech report 23 06 2010
Tech report 23 06 2010Tech report 23 06 2010
Tech report 23 06 2010
 
Technical Report - 11 October 2010
Technical Report - 11 October 2010Technical Report - 11 October 2010
Technical Report - 11 October 2010
 
Technical Report - August 2,2010
Technical Report - August 2,2010Technical Report - August 2,2010
Technical Report - August 2,2010
 
Technical report - July 13, 2010
Technical report - July 13, 2010Technical report - July 13, 2010
Technical report - July 13, 2010
 
Technical report- June 17,2010
Technical report- June 17,2010Technical report- June 17,2010
Technical report- June 17,2010
 
Technical Report - August 25, 2010
Technical Report - August 25, 2010Technical Report - August 25, 2010
Technical Report - August 25, 2010
 
Technical report - july 16, 2010
Technical report - july 16, 2010Technical report - july 16, 2010
Technical report - july 16, 2010
 
Technical Report - July 1, 2010
Technical Report - July 1, 2010Technical Report - July 1, 2010
Technical Report - July 1, 2010
 
Technical Report - September 27, 2010
Technical Report - September 27, 2010Technical Report - September 27, 2010
Technical Report - September 27, 2010
 
Technical report - July 28, 2010
Technical report - July 28, 2010Technical report - July 28, 2010
Technical report - July 28, 2010
 

Viewers also liked

Direct Tax Code Bill Review
Direct Tax Code Bill ReviewDirect Tax Code Bill Review
Direct Tax Code Bill ReviewAngel Broking
 
Market Outlook - 9 September 2010
Market Outlook - 9 September 2010Market Outlook - 9 September 2010
Market Outlook - 9 September 2010Angel Broking
 
M&m ru2 qfy2011-291010
M&m ru2 qfy2011-291010M&m ru2 qfy2011-291010
M&m ru2 qfy2011-291010Angel Broking
 
Market Outlook - September 27, 2010
Market Outlook - September 27, 2010Market Outlook - September 27, 2010
Market Outlook - September 27, 2010Angel Broking
 
Jyoti Structures
Jyoti Structures  Jyoti Structures
Jyoti Structures Angel Broking
 
Technical Report - July 7, 2010
Technical Report - July 7, 2010Technical Report - July 7, 2010
Technical Report - July 7, 2010Angel Broking
 
Market Outlook - June 30, 2010
Market Outlook - June 30, 2010Market Outlook - June 30, 2010
Market Outlook - June 30, 2010Angel Broking
 
Derivatives Report - August 23, 2010
Derivatives Report - August 23, 2010Derivatives Report - August 23, 2010
Derivatives Report - August 23, 2010Angel Broking
 
Hindustan Zinc
Hindustan ZincHindustan Zinc
Hindustan ZincAngel Broking
 
Market outlook 19 05-10
Market outlook 19 05-10Market outlook 19 05-10
Market outlook 19 05-10Angel Broking
 
Dena bank ru2 qfy2011
Dena bank ru2 qfy2011Dena bank ru2 qfy2011
Dena bank ru2 qfy2011Angel Broking
 
Acc ru3 qcy2010-211010
Acc ru3 qcy2010-211010Acc ru3 qcy2010-211010
Acc ru3 qcy2010-211010Angel Broking
 
Market outlook 27 05-10
Market outlook 27 05-10Market outlook 27 05-10
Market outlook 27 05-10Angel Broking
 
Indoco Result Update
Indoco Result UpdateIndoco Result Update
Indoco Result UpdateAngel Broking
 
Tech report 13.05.2010
Tech report 13.05.2010Tech report 13.05.2010
Tech report 13.05.2010Angel Broking
 
Madras Cements
Madras CementsMadras Cements
Madras CementsAngel Broking
 
Areva t&d ru1 qcy2010-260410
Areva t&d ru1 qcy2010-260410Areva t&d ru1 qcy2010-260410
Areva t&d ru1 qcy2010-260410Angel Broking
 
Derivatives report 27 oct-2010
Derivatives report 27 oct-2010Derivatives report 27 oct-2010
Derivatives report 27 oct-2010Angel Broking
 
Derivatives Report - September 27, 2010
Derivatives Report - September 27, 2010Derivatives Report - September 27, 2010
Derivatives Report - September 27, 2010Angel Broking
 
Jagran Prakashan
Jagran PrakashanJagran Prakashan
Jagran PrakashanAngel Broking
 

Viewers also liked (20)

Direct Tax Code Bill Review
Direct Tax Code Bill ReviewDirect Tax Code Bill Review
Direct Tax Code Bill Review
 
Market Outlook - 9 September 2010
Market Outlook - 9 September 2010Market Outlook - 9 September 2010
Market Outlook - 9 September 2010
 
M&m ru2 qfy2011-291010
M&m ru2 qfy2011-291010M&m ru2 qfy2011-291010
M&m ru2 qfy2011-291010
 
Market Outlook - September 27, 2010
Market Outlook - September 27, 2010Market Outlook - September 27, 2010
Market Outlook - September 27, 2010
 
Jyoti Structures
Jyoti Structures  Jyoti Structures
Jyoti Structures
 
Technical Report - July 7, 2010
Technical Report - July 7, 2010Technical Report - July 7, 2010
Technical Report - July 7, 2010
 
Market Outlook - June 30, 2010
Market Outlook - June 30, 2010Market Outlook - June 30, 2010
Market Outlook - June 30, 2010
 
Derivatives Report - August 23, 2010
Derivatives Report - August 23, 2010Derivatives Report - August 23, 2010
Derivatives Report - August 23, 2010
 
Hindustan Zinc
Hindustan ZincHindustan Zinc
Hindustan Zinc
 
Market outlook 19 05-10
Market outlook 19 05-10Market outlook 19 05-10
Market outlook 19 05-10
 
Dena bank ru2 qfy2011
Dena bank ru2 qfy2011Dena bank ru2 qfy2011
Dena bank ru2 qfy2011
 
Acc ru3 qcy2010-211010
Acc ru3 qcy2010-211010Acc ru3 qcy2010-211010
Acc ru3 qcy2010-211010
 
Market outlook 27 05-10
Market outlook 27 05-10Market outlook 27 05-10
Market outlook 27 05-10
 
Indoco Result Update
Indoco Result UpdateIndoco Result Update
Indoco Result Update
 
Tech report 13.05.2010
Tech report 13.05.2010Tech report 13.05.2010
Tech report 13.05.2010
 
Madras Cements
Madras CementsMadras Cements
Madras Cements
 
Areva t&d ru1 qcy2010-260410
Areva t&d ru1 qcy2010-260410Areva t&d ru1 qcy2010-260410
Areva t&d ru1 qcy2010-260410
 
Derivatives report 27 oct-2010
Derivatives report 27 oct-2010Derivatives report 27 oct-2010
Derivatives report 27 oct-2010
 
Derivatives Report - September 27, 2010
Derivatives Report - September 27, 2010Derivatives Report - September 27, 2010
Derivatives Report - September 27, 2010
 
Jagran Prakashan
Jagran PrakashanJagran Prakashan
Jagran Prakashan
 

Similar to Technical Report - September 9, 2010

Technical report - August 30, 2010
Technical report - August 30, 2010Technical report - August 30, 2010
Technical report - August 30, 2010Angel Broking
 
Tech report 07.10.2010
Tech report 07.10.2010Tech report 07.10.2010
Tech report 07.10.2010Angel Broking
 
Technical Report - September 15, 2010
Technical Report - September 15, 2010Technical Report - September 15, 2010
Technical Report - September 15, 2010Angel Broking
 
Technical Report - July 14, 2010
Technical Report - July 14, 2010Technical Report - July 14, 2010
Technical Report - July 14, 2010Angel Broking
 
Technical report - September 1,2010
Technical report - September 1,2010Technical report - September 1,2010
Technical report - September 1,2010Angel Broking
 
Technical report - July 15, 2010
Technical report - July 15, 2010Technical report - July 15, 2010
Technical report - July 15, 2010Angel Broking
 
Tech Report - August 19, 2010
Tech Report - August 19, 2010Tech Report - August 19, 2010
Tech Report - August 19, 2010Angel Broking
 
Technical Report - August 18, 2010
Technical Report - August 18, 2010Technical Report - August 18, 2010
Technical Report - August 18, 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 11, 2010
Technical report - August 11, 2010Technical report - August 11, 2010
Technical report - August 11, 2010Angel Broking
 
Technical Report - August 6, 2010
Technical Report - August 6, 2010Technical Report - August 6, 2010
Technical Report - August 6, 2010Angel Broking
 
Techical Report - July 12, 2010
Techical Report - July 12, 2010Techical Report - July 12, 2010
Techical Report - July 12, 2010Angel Broking
 
Tech report 15.06.2010
Tech report 15.06.2010Tech report 15.06.2010
Tech report 15.06.2010Angel Broking
 
Techical Report June 28, 2010
Techical Report June 28, 2010Techical Report June 28, 2010
Techical Report June 28, 2010Angel Broking
 
Technical Report - September 14, 2010
Technical Report - September 14, 2010Technical Report - September 14, 2010
Technical Report - September 14, 2010Angel Broking
 
Tech Report - July 6, 2010
Tech Report - July 6, 2010Tech Report - July 6, 2010
Tech Report - July 6, 2010Angel Broking
 
Technical Report - July 20, 2010
Technical Report - July 20, 2010Technical Report - July 20, 2010
Technical Report - July 20, 2010Angel Broking
 

Similar to Technical Report - September 9, 2010 (17)

Technical report - August 30, 2010
Technical report - August 30, 2010Technical report - August 30, 2010
Technical report - August 30, 2010
 
Tech report 07.10.2010
Tech report 07.10.2010Tech report 07.10.2010
Tech report 07.10.2010
 
Technical Report - September 15, 2010
Technical Report - September 15, 2010Technical Report - September 15, 2010
Technical Report - September 15, 2010
 
Technical Report - July 14, 2010
Technical Report - July 14, 2010Technical Report - July 14, 2010
Technical Report - July 14, 2010
 
Technical report - September 1,2010
Technical report - September 1,2010Technical report - September 1,2010
Technical report - September 1,2010
 
Technical report - July 15, 2010
Technical report - July 15, 2010Technical report - July 15, 2010
Technical report - July 15, 2010
 
Tech Report - August 19, 2010
Tech Report - August 19, 2010Tech Report - August 19, 2010
Tech Report - August 19, 2010
 
Technical Report - August 18, 2010
Technical Report - August 18, 2010Technical Report - August 18, 2010
Technical Report - August 18, 2010
 
Technical report - september 2, 2010
Technical report - september 2, 2010Technical report - september 2, 2010
Technical report - september 2, 2010
 
Technical report - August 11, 2010
Technical report - August 11, 2010Technical report - August 11, 2010
Technical report - August 11, 2010
 
Technical Report - August 6, 2010
Technical Report - August 6, 2010Technical Report - August 6, 2010
Technical Report - August 6, 2010
 
Techical Report - July 12, 2010
Techical Report - July 12, 2010Techical Report - July 12, 2010
Techical Report - July 12, 2010
 
Tech report 15.06.2010
Tech report 15.06.2010Tech report 15.06.2010
Tech report 15.06.2010
 
Techical Report June 28, 2010
Techical Report June 28, 2010Techical Report June 28, 2010
Techical Report June 28, 2010
 
Technical Report - September 14, 2010
Technical Report - September 14, 2010Technical Report - September 14, 2010
Technical Report - September 14, 2010
 
Tech Report - July 6, 2010
Tech Report - July 6, 2010Tech Report - July 6, 2010
Tech Report - July 6, 2010
 
Technical Report - July 20, 2010
Technical Report - July 20, 2010Technical Report - July 20, 2010
Technical Report - July 20, 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

VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130Suhani Kapoor
 
Call US đź“ž 9892124323 âś… Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US đź“ž 9892124323 âś… Kurla Call Girls In Kurla ( Mumbai ) secure serviceCall US đź“ž 9892124323 âś… Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US đź“ž 9892124323 âś… Kurla Call Girls In Kurla ( Mumbai ) secure servicePooja Nehwal
 
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | â‚ą5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | â‚ą5k To 25k With Room...VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | â‚ą5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | â‚ą5k To 25k With Room...Suhani Kapoor
 
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
 
20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdfAdnet Communications
 
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...ssifa0344
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptxFinTech Belgium
 
Log your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaignLog your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaignHenry Tapper
 
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptxFinTech Belgium
 
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...Call Girls in Nagpur 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
 
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyInterimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyTyöeläkeyhtiö Elo
 
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
 
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...ssifa0344
 
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdfFinTech 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
 
Q3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesQ3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesMarketing847413
 
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)

VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
 
Call US đź“ž 9892124323 âś… Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US đź“ž 9892124323 âś… Kurla Call Girls In Kurla ( Mumbai ) secure serviceCall US đź“ž 9892124323 âś… Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US đź“ž 9892124323 âś… Kurla Call Girls In Kurla ( Mumbai ) secure service
 
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | â‚ą5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | â‚ą5k To 25k With Room...VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | â‚ą5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | â‚ą5k To 25k With Room...
 
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
 
Veritas Interim Report 1 January–31 March 2024
Veritas Interim Report 1 January–31 March 2024Veritas Interim Report 1 January–31 March 2024
Veritas Interim Report 1 January–31 March 2024
 
20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf
 
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx
 
Log your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaignLog your LOA pain with Pension Lab's brilliant campaign
Log your LOA pain with Pension Lab's brilliant campaign
 
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
 
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
 
Instant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School DesignsInstant Issue Debit Cards - School Designs
Instant Issue Debit Cards - School Designs
 
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyInterimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
 
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
 
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
TEST BANK For Corporate Finance, 13th Edition By Stephen Ross, Randolph Weste...
 
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
06_Joeri Van Speybroek_Dell_MeetupDora&Cybersecurity.pdf
 
Commercial Bank Economic Capsule - April 2024
Commercial Bank Economic Capsule - April 2024Commercial Bank Economic Capsule - April 2024
Commercial Bank Economic Capsule - April 2024
 
00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx00_Main ppt_MeetupDORA&CyberSecurity.pptx
00_Main ppt_MeetupDORA&CyberSecurity.pptx
 
Q3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesQ3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast Slides
 
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 - September 9, 2010

  • 1. Technical Report Date : 09/09/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 5604 18628 BHARTIARTL 2.75 RELCAPITAL 2.45 TECK 0.86 High 5625 18721 IDEA 2.57 RELINFRA 1.80 IT 0.57 Low 5568 18541 ACC 2.44 CAIRN 1.65 REALTY 0.46 Close 5608 18667 SBIN 2.31 ITC 1.56 HC 0.38 % Chg 0.07 0.12 SUNPHARMA 1.81 AXISBANK 1.36 CG (0.45) Source : Falcon SENSEX DLY CHART Markets opened on a flat note despite of weak global cues and traded with choppiness to close marginally in green. On the daily charts, after a V - pattern breakout, we are witnessing a narrow range body formation which indicates consolidation of previous rise but not weakness. We maintain our view that for coming trading session, if indices trade convincingly above 18711 / 5612 level then it is likely to test 18780 - 18900 / 5650 - 5700 levels and on the downside, 18470 - 18370 / 5550 - 5520 levels may act as support for the day. Stocks +ve Bias Stocks -ve Bias NOIDATOLL 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 18667.00 18462.00 18565.00 18643.00 18745.00 18823.00 NIFTY 5608.00 5543.00 5575.00 5600.00 5633.00 5658.00 ABB 784.00 776.00 780.00 783.00 787.00 790.00 ACC 993.00 929.00 961.00 982.00 1014.00 1034.00 AMBUJACEM 137.00 132.00 135.00 137.00 139.00 141.00 AXISBANK 1381.00 1363.00 1372.00 1382.00 1392.00 1402.00 BHARTIARTL 352.00 332.00 342.00 348.00 358.00 364.00 BHEL 2440.00 2409.00 2424.00 2437.00 2452.00 2464.00 BPCL 757.00 736.00 747.00 757.00 767.00 777.00 CAIRN 329.00 324.00 327.00 331.00 333.00 337.00 CIPLA 311.00 306.00 308.00 312.00 315.00 318.00 DLF 318.00 311.00 315.00 317.00 321.00 323.00 GAIL 467.00 458.00 463.00 468.00 472.00 477.00 HCLTECH 406.00 395.00 400.00 404.00 409.00 412.00 HDFC 631.00 624.00 627.00 631.00 635.00 638.00 HDFCBANK 2180.00 2155.00 2167.00 2184.00 2196.00 2212.00 HEROHONDA 1706.00 1690.00 1698.00 1706.00 1714.00 1723.00 HINDALCO 181.00 177.00 179.00 181.00 183.00 185.00 HINDUNILVR 274.00 266.00 270.00 273.00 277.00 279.00 ICICIBANK 1028.00 1013.00 1021.00 1031.00 1038.00 1048.00 IDEA 76.00 71.00 74.00 75.00 77.00 79.00 IDFC 186.00 181.00 184.00 185.00 187.00 189.00 INFOSYSTCH 2879.00 2802.00 2841.00 2864.00 2902.00 2925.00 ITC 164.00 162.00 163.00 164.00 166.00 167.00 JINDALSTEL 711.00 695.00 703.00 708.00 715.00 720.00 JPASSOCIAT 119.00 116.00 117.00 119.00 120.00 122.00 KOTAKBANK 847.00 833.00 840.00 847.00 854.00 861.00 LT 1867.00 1837.00 1852.00 1867.00 1882.00 1898.00 M&M 635.00 623.00 629.00 634.00 640.00 644.00 MARUTI 1308.00 1282.00 1295.00 1316.00 1329.00 1350.00 NTPC 199.00 197.00 198.00 199.00 200.00 201.00 ONGC 1356.00 1329.00 1342.00 1353.00 1367.00 1378.00 PNB 1229.00 1185.00 1207.00 1224.00 1246.00 1263.00 POWERGRID 107.00 105.00 106.00 106.00 107.00 108.00 RANBAXY 512.00 498.00 505.00 512.00 519.00 525.00 RCOM 165.00 159.00 162.00 164.00 167.00 168.00 RELCAPITAL 776.00 759.00 768.00 783.00 792.00 807.00 RELIANCE 960.00 946.00 953.00 959.00 966.00 971.00 RELINFRA 1026.00 1008.00 1017.00 1029.00 1038.00 1051.00 RPOWER 156.00 155.00 155.00 157.00 158.00 159.00 SAIL 199.00 191.00 195.00 198.00 202.00 205.00 SBIN 2896.00 2774.00 2835.00 2870.00 2932.00 2967.00 SIEMENS 707.00 701.00 704.00 707.00 710.00 713.00 STER 167.00 159.00 163.00 166.00 170.00 173.00 SUNPHARMA 1754.00 1673.00 1713.00 1781.00 1821.00 1889.00 SUZLON 52.00 50.00 51.00 52.00 52.00 53.00 TATAMOTORS 1033.00 1017.00 1025.00 1034.00 1042.00 1052.00 TATAPOWER 1274.00 1254.00 1264.00 1276.00 1286.00 1297.00 TATASTEEL 581.00 560.00 570.00 578.00 589.00 597.00 TCS 879.00 850.00 864.00 874.00 888.00 898.00 UNITECH 82.00 80.00 81.00 82.00 83.00 84.00 WIPRO 411.00 398.00 404.00 410.00 416.00 422.00 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.