The document provides a market summary for October 18, 2010 including indices performance, top gainers and losers, and sectoral performance. It also analyzes the short-term technical outlook for the market indices, expecting a time or price-wise correction if support levels are broken, with potential downside targets. Key support and resistance levels are given for several stocks to watch over the next 2-3 days.

1. Technical Report
Date : 18/10/2010
Market Summary
Indices Top 5 Gainers Top 5 Losers Sectoral Watch
Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L
Open 6176 20519 DRREDDY 0.70 BPCL 4.31 IT (3.25)
High 6201 20578 NTPC 0.57 WIPRO 3.97 TECK (3.01)
Low 6050 20090 CAIRN 0.12 TCS 3.76 AUTO (2.00)
Close 6063 20125 AXISBANK 3.76 BANKEX (1.91)
% Chg (1.86) (1.82) BHARTIARTL 3.49 METAL (1.48)
Source : Falcon SENSEX DLY CHART
The coming week is likely to witness a Time or Price-wise correction. On the Daily chart, if the prices hold the 20-
days EMA (20087 / 6045), there is a possibility that the high of the “Shooting Star” (20854 / 6284) could be
tested. In this case, we may witness sideways Time-wise correction/consolidation. On the other side, if the prices
breach and close below 20-days EMA (20087 / 6045 level) we may witness a price wise correction. In such a
scenario, the indices may test the Fibonacci retracement levels of 19693 – 19328 / 5925 – 5814 of the entire up-
move which started from 17819 to 20854 / 5348 to 6284 levels.
Traders should keep in mind that the expected Time/Price-wise correction is a part of an uptrend and is healthy
for the market in the longer run.
Stocks +ve Bias Stocks -ve Bias
ACC
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 20125.00 19776.00 19951.00 20265.00 20439.00 20753.00
NIFTY 6063.00 5954.00 6008.00 6105.00 6159.00 6255.00
ABB 913.00 896.00 904.00 918.00 926.00 940.00
ACC 996.00 971.00 984.00 1005.00 1018.00 1039.00
AMBUJACEM 139.00 135.00 137.00 140.00 142.00 145.00
AXISBANK 1502.00 1445.00 1474.00 1524.00 1553.00 1603.00
BHARTIARTL 334.00 320.00 327.00 337.00 344.00 354.00
BHEL 2525.00 2470.00 2498.00 2533.00 2561.00 2596.00
BPCL 695.00 665.00 680.00 704.00 719.00 743.00
CAIRN 338.00 334.00 336.00 338.00 340.00 343.00
CIPLA 332.00 326.00 329.00 333.00 336.00 340.00
DLF 374.00 359.00 367.00 377.00 384.00 395.00
GAIL 500.00 485.00 493.00 499.00 506.00 513.00
HCLTECH 431.00 418.00 425.00 437.00 443.00 455.00
HDFC 727.00 714.00 720.00 732.00 738.00 750.00
HDFCBANK 2386.00 2340.00 2363.00 2403.00 2426.00 2466.00
HEROHONDA 1790.00 1716.00 1753.00 1814.00 1851.00 1912.00
HINDALCO 213.00 208.00 210.00 214.00 216.00 220.00
HINDUNILVR 299.00 291.00 295.00 301.00 305.00 311.00
ICICIBANK 1125.00 1104.00 1114.00 1129.00 1139.00 1153.00
IDEA 72.00 71.00 72.00 73.00 74.00 75.00
IDFC 205.00 201.00 203.00 207.00 209.00 212.00
INFOSYSTCH 3076.00 2948.00 3012.00 3125.00 3189.00 3302.00
ITC 172.00 168.00 170.00 173.00 175.00 178.00
JINDALSTEL 711.00 699.00 705.00 714.00 719.00 728.00
JPASSOCIAT 131.00 127.00 129.00 132.00 133.00 136.00
KOTAKBANK 509.00 501.00 505.00 511.00 514.00 520.00
LT 1989.00 1949.00 1969.00 1997.00 2017.00 2045.00
M&M 711.00 693.00 702.00 714.00 723.00 735.00
MARUTI 1519.00 1442.00 1480.00 1520.00 1559.00 1599.00
NTPC 204.00 201.00 203.00 204.00 206.00 207.00
ONGC 1340.00 1309.00 1325.00 1347.00 1363.00 1386.00
PNB 1305.00 1273.00 1289.00 1314.00 1330.00 1355.00
POWERGRID 107.00 104.00 105.00 107.00 108.00 110.00
RANBAXY 583.00 564.00 573.00 589.00 598.00 614.00
RCOM 176.00 167.00 171.00 179.00 184.00 191.00
RELCAPITAL 837.00 816.00 826.00 842.00 853.00 868.00
RELIANCE 1040.00 1016.00 1028.00 1048.00 1060.00 1080.00
RELINFRA 1066.00 1045.00 1056.00 1071.00 1082.00 1098.00
RPOWER 160.00 157.00 159.00 161.00 163.00 166.00
SAIL 220.00 215.00 217.00 222.00 224.00 229.00
SBIN 3166.00 3068.00 3117.00 3199.00 3248.00 3330.00
SIEMENS 819.00 800.00 809.00 821.00 831.00 842.00
STER 178.00 174.00 176.00 180.00 182.00 186.00
SUNPHARMA 2040.00 1991.00 2015.00 2058.00 2082.00 2124.00
SUZLON 58.00 56.00 57.00 58.00 59.00 60.00
TATAMOTORS 1156.00 1126.00 1141.00 1166.00 1180.00 1205.00
TATAPOWER 1430.00 1389.00 1410.00 1430.00 1451.00 1471.00
TATASTEEL 636.00 614.00 625.00 642.00 653.00 669.00
TCS 950.00 903.00 927.00 969.00 993.00 1035.00
UNITECH 94.00 92.00 93.00 95.00 96.00 98.00
WIPRO 473.00 451.00 462.00 481.00 492.00 511.00
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
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