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Date : 11/05/2010

                                               Market Summary
                   Indices               Top 5 Gainers             Top 5 Losers                Sectoral Watch
                  Nifty     Sensex      Stocks    % Gain       Stocks         % Loss        Sector          %G/L
Open                5027      16799     RELINFRA   8.54        CIPLA            6.91        REALTY           6.17
High                5203      17357     UNITECH    8.53        BPCL             1.65        METAL            6.06
Low                 5027      16799     TATASTEEL  8.47                                     BANKEX           3.95
Close               5194      17331     HINDALCO   8.13                                     AUTO             3.32
% Chg                  3.50      3.35   RPOWER     8.06                                     POWER            3.26




Source : Falcon                                                                                       SENSEX DLY CHART
Market opened up with a gap in the wake of strong global cues and the rally continued till the end of the day
which led the indices to close near days high. On the daily chart we have seen that market has bounced back
sharply from the 200 day SMA. In the coming trading session if indices trade convincingly above 17375 / 5215
levels then they may test 17460 – 17647 / 5250 – 5295. On the downside 17105 – 17026 / 5119 – 5093 may act
support for the day.




                      Stocks +ve Bias                                               Stocks -ve Bias
                           CAIRN                                                        CIPLA
                      KOTAK BANK
                     TORRENT POWER

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.
PIVOTS
      Stocks              Close         S2             S1          Pivot         R1          R2
SENSEX                      17331.00    16605.00       16968.00     17162.00     17525.00    17719.00
NIFTY                        5194.00     4964.00        5079.00       5141.00     5256.00     5318.00
ABB                           700.00       631.00         665.00       725.00       759.00      818.00
ACC                           892.00       858.00         875.00       885.00       902.00      912.00
AMBUJACEM                     115.00       109.00         112.00       114.00       117.00      119.00
AXISBANK                     1249.00     1180.00        1215.00       1237.00     1272.00     1294.00
BHARTIARTL                    294.00       282.00         288.00       293.00       299.00      304.00
BHEL                         2439.00     2368.00        2404.00       2429.00     2465.00     2490.00
BPCL                          540.00       521.00         531.00       545.00       554.00      569.00
CAIRN                         300.00       281.00         291.00       297.00       307.00      313.00
CIPLA                         319.00       289.00         304.00       325.00       339.00      360.00
DLF                           305.00       283.00         294.00       300.00       311.00      317.00
GAIL                          428.00       416.00         422.00       427.00       432.00      437.00
HCLTECH                       399.00       383.00         391.00       397.00       405.00      411.00
HDFC                         2789.00     2728.00        2759.00       2779.00     2810.00     2830.00
HDFCBANK                     1934.00     1793.00        1863.00       1901.00     1971.00     2009.00
HEROHONDA                    1888.00     1839.00        1864.00       1906.00     1931.00     1973.00
HINDALCO                      175.00       160.00         168.00       172.00       180.00      184.00
HINDUNILVR                    237.00       220.00         228.00       243.00       251.00      266.00
ICICIBANK                     922.00       874.00         898.00       913.00       937.00      952.00
IDEA                            63.00       61.00          62.00         64.00       65.00       66.00
IDFC                          162.00       153.00         158.00       161.00       165.00      168.00
INFOSYSTCH                   2676.00     2596.00        2636.00       2660.00     2700.00     2724.00
ITC                           262.00       252.00         257.00       260.00       265.00      268.00
JINDALSTEL                    692.00       639.00         666.00       681.00       707.00      723.00
JPASSOCIAT                    134.00       129.00         132.00       134.00       136.00      138.00
KOTAKBANK                     761.00       708.00         734.00       750.00       776.00      792.00
LT                           1547.00     1441.00        1494.00       1574.00     1627.00     1706.00
M&M                           554.00       519.00         536.00       546.00       563.00      573.00
MARUTI                       1295.00     1267.00        1281.00       1291.00     1305.00     1314.00
NTPC                          205.00       202.00         204.00       205.00       206.00      208.00
ONGC                         1051.00     1029.00        1040.00       1047.00     1058.00     1066.00
PNB                          1016.00       953.00         985.00      1041.00     1072.00     1129.00
POWERGRID                     108.00       105.00         107.00       108.00       109.00      110.00
RANBAXY                       454.00       417.00         436.00       465.00       484.00      513.00
RCOM                          154.00       147.00         151.00       154.00       157.00      160.00
RELCAPITAL                    721.00       671.00         696.00       717.00       741.00      762.00
RELIANCE                     1079.00     1025.00        1052.00       1067.00     1094.00     1109.00
RELINFRA                     1065.00       940.00       1002.00       1043.00     1106.00     1147.00
RPOWER                        149.00       130.00         139.00       147.00       157.00      164.00
SAIL                          218.00       206.00         212.00       216.00       222.00      225.00
SBIN                         2308.00     2209.00        2258.00       2292.00     2341.00     2375.00
SIEMENS                       700.00       648.00         674.00       689.00       715.00      730.00
STER                          756.00       714.00         735.00       747.00       768.00      780.00
SUNPHARMA                    1548.00     1511.00        1530.00       1554.00     1573.00     1597.00
SUZLON                          70.00       67.00          68.00         70.00       71.00       72.00
TATAMOTORS                    814.00       747.00         780.00       799.00       832.00      850.00
TATAPOWER                    1336.00     1262.00        1299.00       1322.00     1359.00     1382.00
TATASTEEL                     601.00       548.00         575.00       590.00       617.00      632.00
TCS                           770.00       688.00         729.00       786.00       827.00      884.00
UNITECH                         79.00       72.00          76.00         78.00       81.00       83.00
WIPRO                         672.00       626.00         649.00       663.00       686.00      701.00


     For Private Circulation Only.
RESEARCH TEAM

Shardul Kulkarni                                    Head - Technicals
Ajit Joshi                                          AVP - TAS
Brijesh Ail                                         Manager - TAS
Mileen Vasudeo                                      Technical Analyst



For any Queries, Suggestions and Feedback kindly mail to vasudeo.kamalakant@angeltrade.com

Research Team: 022-3952 6600                                                                            Website: www.angelbroking.com
DISCLAIMER: This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or
redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions.

Opinion expressed is our current opinion as of the date appearing on this material only. While we endeavor to update on a reasonable basis the
information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Prospective investors and
others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Our proprietary trading and
investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein.

The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be
true and are for general guidance only. While every effort is made to ensure the accuracy and completeness of information contained, the company
takes no guarantee and assumes no liability for any errors or omissions of the information. No one can use the information as the basis for any claim,
demand or cause of action.

Recipients of this material should rely on their own investigations and take their own professional advice. Each recipient of this document should make
such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this
document (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment. Price
and value of the investments referred to in this material may go up or down. Past performance is not a guide for future performance. Certain
transactions - futures, options and other derivatives as well as non-investment grade securities - involve substantial risks and are not suitable for all
investors. Reports based on technical analysis centers on studying charts of a stock's price movement and trading volume, as opposed to focusing on a
company's fundamentals and as such, may not match with a report on a company's fundamentals.


We do not undertake to advise you as to any change of our views expressed in this document. While we would endeavor to update the information
herein on a reasonable basis, Angel Broking, its subsidiaries and associated companies, their directors and employees are under no obligation to
update or keep the information current. Also there may be regulatory, compliance, or other reasons that may prevent Angel Broking and affiliates from
doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without
notice.


Angel Broking Limited and affiliates, including the analyst who has issued this report, may, on the date of this report, and from time to time, have long or
short positions in, and buy or sell the securities of the companies mentioned herein or engage in any other transaction involving such securities and earn
brokerage or compensation or act as advisor or have other potential conflict of interest with respect to company/ies mentioned herein or inconsistent
with any recommendation and related information and opinions.

Angel Broking Limited and affiliates may seek to provide or have engaged in providing corporate finance, investment banking or other advisory services
in a merger or specific transaction to the companies referred to in this report, as on the date of this report or in the past.

Sebi Registration No : INB 010996539




             For Private Circulation Only.

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Tech report 11.05.2010

  • 1. Date : 11/05/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 5027 16799 RELINFRA 8.54 CIPLA 6.91 REALTY 6.17 High 5203 17357 UNITECH 8.53 BPCL 1.65 METAL 6.06 Low 5027 16799 TATASTEEL 8.47 BANKEX 3.95 Close 5194 17331 HINDALCO 8.13 AUTO 3.32 % Chg 3.50 3.35 RPOWER 8.06 POWER 3.26 Source : Falcon SENSEX DLY CHART Market opened up with a gap in the wake of strong global cues and the rally continued till the end of the day which led the indices to close near days high. On the daily chart we have seen that market has bounced back sharply from the 200 day SMA. In the coming trading session if indices trade convincingly above 17375 / 5215 levels then they may test 17460 – 17647 / 5250 – 5295. On the downside 17105 – 17026 / 5119 – 5093 may act support for the day. Stocks +ve Bias Stocks -ve Bias CAIRN CIPLA KOTAK BANK TORRENT POWER 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. PIVOTS Stocks Close S2 S1 Pivot R1 R2 SENSEX 17331.00 16605.00 16968.00 17162.00 17525.00 17719.00 NIFTY 5194.00 4964.00 5079.00 5141.00 5256.00 5318.00 ABB 700.00 631.00 665.00 725.00 759.00 818.00 ACC 892.00 858.00 875.00 885.00 902.00 912.00 AMBUJACEM 115.00 109.00 112.00 114.00 117.00 119.00 AXISBANK 1249.00 1180.00 1215.00 1237.00 1272.00 1294.00 BHARTIARTL 294.00 282.00 288.00 293.00 299.00 304.00 BHEL 2439.00 2368.00 2404.00 2429.00 2465.00 2490.00 BPCL 540.00 521.00 531.00 545.00 554.00 569.00 CAIRN 300.00 281.00 291.00 297.00 307.00 313.00 CIPLA 319.00 289.00 304.00 325.00 339.00 360.00 DLF 305.00 283.00 294.00 300.00 311.00 317.00 GAIL 428.00 416.00 422.00 427.00 432.00 437.00 HCLTECH 399.00 383.00 391.00 397.00 405.00 411.00 HDFC 2789.00 2728.00 2759.00 2779.00 2810.00 2830.00 HDFCBANK 1934.00 1793.00 1863.00 1901.00 1971.00 2009.00 HEROHONDA 1888.00 1839.00 1864.00 1906.00 1931.00 1973.00 HINDALCO 175.00 160.00 168.00 172.00 180.00 184.00 HINDUNILVR 237.00 220.00 228.00 243.00 251.00 266.00 ICICIBANK 922.00 874.00 898.00 913.00 937.00 952.00 IDEA 63.00 61.00 62.00 64.00 65.00 66.00 IDFC 162.00 153.00 158.00 161.00 165.00 168.00 INFOSYSTCH 2676.00 2596.00 2636.00 2660.00 2700.00 2724.00 ITC 262.00 252.00 257.00 260.00 265.00 268.00 JINDALSTEL 692.00 639.00 666.00 681.00 707.00 723.00 JPASSOCIAT 134.00 129.00 132.00 134.00 136.00 138.00 KOTAKBANK 761.00 708.00 734.00 750.00 776.00 792.00 LT 1547.00 1441.00 1494.00 1574.00 1627.00 1706.00 M&M 554.00 519.00 536.00 546.00 563.00 573.00 MARUTI 1295.00 1267.00 1281.00 1291.00 1305.00 1314.00 NTPC 205.00 202.00 204.00 205.00 206.00 208.00 ONGC 1051.00 1029.00 1040.00 1047.00 1058.00 1066.00 PNB 1016.00 953.00 985.00 1041.00 1072.00 1129.00 POWERGRID 108.00 105.00 107.00 108.00 109.00 110.00 RANBAXY 454.00 417.00 436.00 465.00 484.00 513.00 RCOM 154.00 147.00 151.00 154.00 157.00 160.00 RELCAPITAL 721.00 671.00 696.00 717.00 741.00 762.00 RELIANCE 1079.00 1025.00 1052.00 1067.00 1094.00 1109.00 RELINFRA 1065.00 940.00 1002.00 1043.00 1106.00 1147.00 RPOWER 149.00 130.00 139.00 147.00 157.00 164.00 SAIL 218.00 206.00 212.00 216.00 222.00 225.00 SBIN 2308.00 2209.00 2258.00 2292.00 2341.00 2375.00 SIEMENS 700.00 648.00 674.00 689.00 715.00 730.00 STER 756.00 714.00 735.00 747.00 768.00 780.00 SUNPHARMA 1548.00 1511.00 1530.00 1554.00 1573.00 1597.00 SUZLON 70.00 67.00 68.00 70.00 71.00 72.00 TATAMOTORS 814.00 747.00 780.00 799.00 832.00 850.00 TATAPOWER 1336.00 1262.00 1299.00 1322.00 1359.00 1382.00 TATASTEEL 601.00 548.00 575.00 590.00 617.00 632.00 TCS 770.00 688.00 729.00 786.00 827.00 884.00 UNITECH 79.00 72.00 76.00 78.00 81.00 83.00 WIPRO 672.00 626.00 649.00 663.00 686.00 701.00 For Private Circulation Only.
  • 3. RESEARCH TEAM Shardul Kulkarni Head - Technicals Ajit Joshi AVP - TAS Brijesh Ail Manager - TAS 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.