1. Date : 20/05/2010
Market Summary
Indices Top 5 Gainers Top 5 Losers Sectoral Watch
Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L
Open 5065 16802 HEROHONDA 1.52 IDEA 8.17 METAL (4.19)
High 5065 16802 TATAPOWER 0.58 TATAMOTORS 8.14 REALTY (3.95)
Low 4908 16373 BPCL 0.12 STER 6.84 BANKEX (3.85)
Close 4920 16408 RELCAPITAL 6.83 AUTO (3.44)
% Chg (2.89) (2.77) UNITECH 6.82 FMCG (2.79)
Source : Falcon NIFTY DLY CHART
Markets opened gap down and selling pressure intensified below 16680 / 4980 levels which dragged the indices
to close deep in red below the 200 day SMA. On the daily chart we are seeing a continuation of lower top lower
bottom formation which clearly indicates weakness. As mentioned in the previous daily report, we now expect
indices to test lower levels of 16200-16150 / 4850 – 4800 in the next few trading sessions. Since the hourly
charts are highly oversold a bounce up to 16540 – 16580 / 4972 – 4990 cannot be ruled out. Aggressive traders
may consider any weakness near these levels to go short for a target of 16200-16150 / 4850 – 4800 levels.
Stocks +ve Bias Stocks -ve Bias
IDEA
LIC
DLF
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. JSW STEEL ( Futures)
View: BEARISH Selling Range : Rs.1100.00 - Rs. 1110.00 Closing Price: Rs.1060.70
*Stop Loss: Rs.1140.00 *Target: Rs.980.00 R:R. 1 : 3
The stock has given a Head and
shoulder breakdown on the
hourly chart.This suggests further
downside momentum. We
recommend selling the stock only
on a bounce in a range of
Rs.1100.00 to Rs.1110.00 for
target of Rs.980.00 in coming 8-
10 days.
YES BANK ( Futures)
View: BEARISH Selling Below : Rs.263.00 Closing Price: Rs.264.45
*Stop Loss: Rs.270.00 *Target: Rs.245.00 R:R. 1 : 2.5
The stock is on the verge of
breaking a multiple support area
of Rs.263 levels. Traders are
advised to sell ONLY below
Rs.263 level for a target of Rs.245
in 6-8 trading sessions after the
break-down below Rs.263.
* Stop Losses, Targets and Time Frame are indicative and readers should use their discretion in following the same.
Stop Losses / Trailed Stop Losses should be strictly implemented in order to protect profits / reduce losses. Non
adherence to the same can lead to bigger losses at times.
For Private Circulation Only.

3. PIVOTS
Stocks Close S2 S1 Pivot R1 R2
SENSEX 16408.00 16099.00 16254.00 16528.00 16683.00 16957.00
NIFTY 4920.00 4807.00 4864.00 4964.00 5020.00 5121.00
ABB 831.00 816.00 823.00 829.00 836.00 842.00
ACC 843.00 804.00 823.00 847.00 866.00 890.00
AMBUJACEM 105.00 101.00 103.00 106.00 107.00 110.00
AXISBANK 1205.00 1163.00 1184.00 1214.00 1235.00 1265.00
BHARTIARTL 260.00 253.00 256.00 262.00 265.00 271.00
BHEL 2291.00 2254.00 2273.00 2301.00 2320.00 2348.00
BPCL 544.00 534.00 539.00 544.00 549.00 554.00
CAIRN 279.00 269.00 274.00 281.00 286.00 294.00
CIPLA 312.00 306.00 309.00 312.00 315.00 318.00
DLF 279.00 270.00 274.00 281.00 285.00 292.00
GAIL 432.00 420.00 426.00 434.00 440.00 448.00
HCLTECH 372.00 347.00 359.00 377.00 389.00 407.00
HDFC 2674.00 2622.00 2648.00 2693.00 2719.00 2764.00
HDFCBANK 1869.00 1820.00 1844.00 1866.00 1891.00 1912.00
HEROHONDA 1859.00 1804.00 1831.00 1850.00 1877.00 1895.00
HINDALCO 157.00 150.00 153.00 158.00 161.00 166.00
HINDUNILVR 233.00 223.00 228.00 237.00 242.00 251.00
ICICIBANK 824.00 776.00 800.00 842.00 866.00 908.00
IDEA 53.00 49.00 51.00 54.00 56.00 59.00
IDFC 158.00 155.00 156.00 159.00 160.00 162.00
INFOSYSTCH 2603.00 2557.00 2580.00 2616.00 2639.00 2675.00
ITC 259.00 251.00 255.00 262.00 266.00 272.00
JINDALSTEL 618.00 602.00 610.00 622.00 630.00 642.00
JPASSOCIAT 121.00 115.00 118.00 122.00 125.00 129.00
KOTAKBANK 744.00 707.00 726.00 755.00 773.00 803.00
LT 1634.00 1583.00 1608.00 1640.00 1666.00 1698.00
M&M 525.00 489.00 507.00 533.00 551.00 577.00
MARUTI 1227.00 1201.00 1214.00 1234.00 1247.00 1267.00
NTPC 202.00 196.00 199.00 203.00 206.00 211.00
ONGC 1025.00 986.00 1006.00 1031.00 1051.00 1076.00
PNB 1007.00 979.00 993.00 1014.00 1028.00 1049.00
POWERGRID 103.00 101.00 102.00 103.00 104.00 105.00
RANBAXY 423.00 404.00 413.00 430.00 439.00 456.00
RCOM 137.00 130.00 134.00 139.00 142.00 147.00
RELCAPITAL 635.00 603.00 619.00 646.00 662.00 688.00
RELIANCE 999.00 981.00 990.00 1004.00 1013.00 1026.00
RELINFRA 963.00 920.00 941.00 976.00 997.00 1032.00
RPOWER 140.00 136.00 138.00 141.00 144.00 147.00
SAIL 202.00 197.00 200.00 204.00 206.00 210.00
SBIN 2214.00 2143.00 2178.00 2226.00 2261.00 2309.00
SIEMENS 675.00 658.00 666.00 677.00 685.00 696.00
STER 638.00 601.00 619.00 653.00 672.00 705.00
SUNPHARMA 1556.00 1539.00 1548.00 1556.00 1565.00 1573.00
SUZLON 60.00 56.00 58.00 61.00 63.00 65.00
TATAMOTORS 715.00 671.00 693.00 729.00 751.00 787.00
TATAPOWER 1302.00 1274.00 1288.00 1301.00 1315.00 1328.00
TATASTEEL 513.00 498.00 505.00 517.00 525.00 537.00
TCS 722.00 707.00 714.00 724.00 731.00 740.00
UNITECH 71.00 67.00 69.00 72.00 74.00 77.00
WIPRO 650.00 632.00 641.00 648.00 657.00 664.00
For Private Circulation Only.

4. 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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