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Date : 05/04/2010

                                               Market Summary
                   Indices               Top 5 Gainers              Top 5 Losers               Sectoral Watch
                  Nifty     Sensex      Stocks     %   Gain    Stocks     % Loss            Sector            %G/L
Open               5249.00 17555.00     TCS            3.50    HINDUNILVR     3.80          IT                  2.26
High               5299.00 17707.00     JPASSOCIATE    3.41    BHARTIARTL     3.34          CD                  1.54
Low                5249.00 17555.00     TATASTEEL      3.25    MARUTI         1.86          METAL               1.43
Close              5291.00 17693.00     TATAMOTOR      2.90    IDEA           1.60          CG                  1.37
% Chg                  0.79      0.94   HDFC           2.31    TATAPOWER      1.49          TECK                0.74




Source : Falcon                                                                                        NIFTY DAILY CHART
Markets traded with positive bias throughout the day to close in the green. On the daily charts we are witnessing
continuation of a higher top, higher bottom formation and if indices sustain above 17790 - 17793 / 5310- 5330
levels then they are likely to test 18000 – 18120 / 5400 – 5450 levels in couple of trading sessions. Any close
below 17489 / 5200 levels would violate the higher top higher bottom formation and markets would witness
consolidation or a correction to 17300 – 17027 / 5170 – 5080 levels.
We reiterate our view that as the Earnings season begins, stock specific moves are likely to continue in the large
and mid-cap counters. Traders should maintain their trailing stop loss at 17300 / 5170 levels for all long positions.




                      Stocks +ve Bias                                                Stocks -ve Bias
                          BIOCON                                                      BHARTIARTL
                        EDUCOMP




       For Private Circulation Only.
PIVOTS
      Stocks              Close         S2             S1          Pivot         R1          R2
SENSEX                      17693.00    17500.00       17596.00     17651.00     17748.00    17803.00
NIFTY                        5291.00     5230.00        5260.00       5279.00     5310.00     5329.00
ABB                           830.00       819.00         824.00       832.00       838.00      846.00
ACC                           950.00       936.00         943.00       951.00       958.00      966.00
AMBUJACEM                     118.00       115.00         117.00       119.00       120.00      123.00
AXISBANK                     1174.00     1159.00        1166.00       1175.00     1183.00     1191.00
BHARTIARTL                    302.00       290.00         296.00       306.00       312.00      322.00
BHEL                         2416.00     2363.00        2389.00       2407.00     2433.00     2451.00
BPCL                          512.00       505.00         509.00       514.00       517.00      523.00
CAIRN                         309.00       304.00         307.00       309.00       311.00      313.00
CIPLA                         339.00       335.00         337.00       340.00       342.00      345.00
DLF                           312.00       307.00         310.00       311.00       314.00      316.00
GAIL                          411.00       404.00         407.00       410.00       414.00      417.00
GRASIM                       2829.00     2786.00        2807.00       2826.00     2847.00     2866.00
HCLTECH                       357.00       350.00         353.00       359.00       362.00      368.00
HDFC                         2783.00     2685.00        2734.00       2764.00     2813.00     2843.00
HDFCBANK                     1939.00     1915.00        1927.00       1938.00     1951.00     1962.00
HEROHONDA                    1945.00     1913.00        1929.00       1954.00     1970.00     1995.00
HINDALCO                      184.00       179.00         181.00       183.00       185.00      187.00
HINDUNILVR                    230.00       223.00         227.00       234.00       237.00      244.00
ICICIBANK                     953.00       935.00         944.00       953.00       962.00      971.00
IDEA                            65.00       63.00          64.00         65.00       66.00       67.00
IDFC                          161.00       159.00         160.00       161.00       162.00      164.00
INFOSYSTCH                   2670.00     2598.00        2634.00       2656.00     2692.00     2714.00
ITC                           264.00       261.00         262.00       265.00       266.00      268.00
JINDALSTEL                    710.00       700.00         705.00       710.00       714.00      719.00
JPASSOCIAT                    154.00       148.00         151.00       153.00       156.00      157.00
LT                           1651.00     1622.00        1636.00       1646.00     1661.00     1671.00
M&M                           534.00       512.00         523.00       540.00       551.00      567.00
MARUTI                       1393.00     1360.00        1377.00       1403.00     1419.00     1446.00
NTPC                          208.00       205.00         206.00       207.00       209.00      210.00
ONGC                         1084.00     1063.00        1074.00       1090.00     1101.00     1118.00
PNB                          1016.00     1004.00        1010.00       1017.00     1023.00     1030.00
POWERGRID                     107.00       106.00         106.00       107.00       107.00      108.00
RANBAXY                       476.00       471.00         473.00       478.00       481.00      485.00
RCOM                          171.00       167.00         169.00       171.00       173.00      175.00
RELCAPITAL                    764.00       751.00         757.00       763.00       770.00      776.00
RELIANCE                     1092.00     1068.00        1080.00       1089.00     1101.00     1111.00
RELINFRA                     1015.00       988.00       1002.00       1015.00     1028.00     1041.00
RPOWER                        152.00       149.00         150.00       152.00       153.00      154.00
SAIL                          252.00       246.00         249.00       253.00       256.00      259.00
SBIN                         2103.00     2063.00        2083.00       2095.00     2115.00     2128.00
SIEMENS                       737.00       723.00         730.00       741.00       748.00      759.00
STER                          857.00       840.00         848.00       854.00       863.00      869.00
SUNPHARMA                    1804.00     1767.00        1785.00       1799.00     1817.00     1831.00
SUZLON                          73.00       72.00          72.00         73.00       73.00       74.00
TATAMOTORS                    778.00       753.00         765.00       773.00       785.00      793.00
TATAPOWER                    1355.00     1315.00        1335.00       1360.00     1380.00     1405.00
TATASTEEL                     652.00       628.00         640.00       647.00       659.00      666.00
TCS                           808.00       772.00         790.00       800.00       818.00      828.00
UNITECH                         75.00       73.00          74.00         75.00       76.00       76.00
WIPRO                         721.00       701.00         711.00       718.00       729.00      736.00


     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 05 04 2010

  • 1. Date : 05/04/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 5249.00 17555.00 TCS 3.50 HINDUNILVR 3.80 IT 2.26 High 5299.00 17707.00 JPASSOCIATE 3.41 BHARTIARTL 3.34 CD 1.54 Low 5249.00 17555.00 TATASTEEL 3.25 MARUTI 1.86 METAL 1.43 Close 5291.00 17693.00 TATAMOTOR 2.90 IDEA 1.60 CG 1.37 % Chg 0.79 0.94 HDFC 2.31 TATAPOWER 1.49 TECK 0.74 Source : Falcon NIFTY DAILY CHART Markets traded with positive bias throughout the day to close in the green. On the daily charts we are witnessing continuation of a higher top, higher bottom formation and if indices sustain above 17790 - 17793 / 5310- 5330 levels then they are likely to test 18000 – 18120 / 5400 – 5450 levels in couple of trading sessions. Any close below 17489 / 5200 levels would violate the higher top higher bottom formation and markets would witness consolidation or a correction to 17300 – 17027 / 5170 – 5080 levels. We reiterate our view that as the Earnings season begins, stock specific moves are likely to continue in the large and mid-cap counters. Traders should maintain their trailing stop loss at 17300 / 5170 levels for all long positions. Stocks +ve Bias Stocks -ve Bias BIOCON BHARTIARTL EDUCOMP For Private Circulation Only.
  • 2. PIVOTS Stocks Close S2 S1 Pivot R1 R2 SENSEX 17693.00 17500.00 17596.00 17651.00 17748.00 17803.00 NIFTY 5291.00 5230.00 5260.00 5279.00 5310.00 5329.00 ABB 830.00 819.00 824.00 832.00 838.00 846.00 ACC 950.00 936.00 943.00 951.00 958.00 966.00 AMBUJACEM 118.00 115.00 117.00 119.00 120.00 123.00 AXISBANK 1174.00 1159.00 1166.00 1175.00 1183.00 1191.00 BHARTIARTL 302.00 290.00 296.00 306.00 312.00 322.00 BHEL 2416.00 2363.00 2389.00 2407.00 2433.00 2451.00 BPCL 512.00 505.00 509.00 514.00 517.00 523.00 CAIRN 309.00 304.00 307.00 309.00 311.00 313.00 CIPLA 339.00 335.00 337.00 340.00 342.00 345.00 DLF 312.00 307.00 310.00 311.00 314.00 316.00 GAIL 411.00 404.00 407.00 410.00 414.00 417.00 GRASIM 2829.00 2786.00 2807.00 2826.00 2847.00 2866.00 HCLTECH 357.00 350.00 353.00 359.00 362.00 368.00 HDFC 2783.00 2685.00 2734.00 2764.00 2813.00 2843.00 HDFCBANK 1939.00 1915.00 1927.00 1938.00 1951.00 1962.00 HEROHONDA 1945.00 1913.00 1929.00 1954.00 1970.00 1995.00 HINDALCO 184.00 179.00 181.00 183.00 185.00 187.00 HINDUNILVR 230.00 223.00 227.00 234.00 237.00 244.00 ICICIBANK 953.00 935.00 944.00 953.00 962.00 971.00 IDEA 65.00 63.00 64.00 65.00 66.00 67.00 IDFC 161.00 159.00 160.00 161.00 162.00 164.00 INFOSYSTCH 2670.00 2598.00 2634.00 2656.00 2692.00 2714.00 ITC 264.00 261.00 262.00 265.00 266.00 268.00 JINDALSTEL 710.00 700.00 705.00 710.00 714.00 719.00 JPASSOCIAT 154.00 148.00 151.00 153.00 156.00 157.00 LT 1651.00 1622.00 1636.00 1646.00 1661.00 1671.00 M&M 534.00 512.00 523.00 540.00 551.00 567.00 MARUTI 1393.00 1360.00 1377.00 1403.00 1419.00 1446.00 NTPC 208.00 205.00 206.00 207.00 209.00 210.00 ONGC 1084.00 1063.00 1074.00 1090.00 1101.00 1118.00 PNB 1016.00 1004.00 1010.00 1017.00 1023.00 1030.00 POWERGRID 107.00 106.00 106.00 107.00 107.00 108.00 RANBAXY 476.00 471.00 473.00 478.00 481.00 485.00 RCOM 171.00 167.00 169.00 171.00 173.00 175.00 RELCAPITAL 764.00 751.00 757.00 763.00 770.00 776.00 RELIANCE 1092.00 1068.00 1080.00 1089.00 1101.00 1111.00 RELINFRA 1015.00 988.00 1002.00 1015.00 1028.00 1041.00 RPOWER 152.00 149.00 150.00 152.00 153.00 154.00 SAIL 252.00 246.00 249.00 253.00 256.00 259.00 SBIN 2103.00 2063.00 2083.00 2095.00 2115.00 2128.00 SIEMENS 737.00 723.00 730.00 741.00 748.00 759.00 STER 857.00 840.00 848.00 854.00 863.00 869.00 SUNPHARMA 1804.00 1767.00 1785.00 1799.00 1817.00 1831.00 SUZLON 73.00 72.00 72.00 73.00 73.00 74.00 TATAMOTORS 778.00 753.00 765.00 773.00 785.00 793.00 TATAPOWER 1355.00 1315.00 1335.00 1360.00 1380.00 1405.00 TATASTEEL 652.00 628.00 640.00 647.00 659.00 666.00 TCS 808.00 772.00 790.00 800.00 818.00 828.00 UNITECH 75.00 73.00 74.00 75.00 76.00 76.00 WIPRO 721.00 701.00 711.00 718.00 729.00 736.00 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.