The markets opened on a positive note but closed lower as indices faced resistance at key levels. The Nifty closed down 0.80% at 6027 and Sensex closed down 0.92% at 19983. Among sectoral indices, IT and Realty declined the most while Healthcare rose. Cipla, Hero Honda, and BPCL gained the most while InfoSys, DLF, and Hindalco lost the most. The technical outlook is bearish if indices breach key support levels, while upside is limited by resistance levels. Pivot points are provided for 50 stocks.

1. Technical Report
Date : 20/10/2010
Market Summary
Indices Top 5 Gainers Top 5 Losers Sectoral Watch
Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L
Open 6114 20299 CIPLA 1.93 SESAGOA 3.92 IT (2.22)
High 6130 20332 HEROHONDA 1.82 INFOSYSTCH 3.09 REALTY (1.75)
Low 6008 19924 BPCL 1.22 DLF 2.78 TECK (1.73)
Close 6027 19983 AMBUJACEM 1.17 HINDALCO 2.77 METAL (1.25)
% Chg (0.80) (0.92) GAIL 0.92 IDFC 2.73 HC 1.06
Source : Falcon SENSEX DLY CHART
Markets opened on a positive note but lost all gain as selling intensified in the last hour of the session. Indices
faced resistance near 6135 / 20362 level which is also 50% Fibonacci retracement level of a down move started
from 6284 to 5985 / 20855 to 19870 level. On the downside, If indices breach 5985 / 19870 level then they are
likely to test 5925 – 5814 / 19693 – 19328 levels. On the upside, 6083 / 20114 level may act as a resistance for
the day.
Stocks +ve Bias Stocks -ve Bias
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 19983.00 19672.00 19827.00 20080.00 20235.00 20488.00
NIFTY 6027.00 5933.00 5980.00 6055.00 6102.00 6177.00
ABB 904.00 888.00 896.00 909.00 918.00 931.00
ACC 976.00 959.00 968.00 979.00 988.00 999.00
AMBUJACEM 139.00 133.00 136.00 139.00 142.00 145.00
AXISBANK 1469.00 1441.00 1455.00 1476.00 1490.00 1511.00
BHARTIARTL 327.00 316.00 322.00 329.00 334.00 341.00
BHEL 2503.00 2450.00 2477.00 2513.00 2539.00 2575.00
BPCL 708.00 685.00 696.00 707.00 718.00 729.00
CAIRN 337.00 330.00 334.00 339.00 342.00 347.00
CIPLA 332.00 321.00 327.00 332.00 337.00 343.00
DLF 370.00 358.00 364.00 372.00 378.00 387.00
GAIL 510.00 487.00 498.00 509.00 520.00 531.00
HCLTECH 439.00 427.00 433.00 440.00 447.00 454.00
HDFC 721.00 706.00 713.00 723.00 730.00 740.00
HDFCBANK 2369.00 2319.00 2344.00 2383.00 2408.00 2448.00
HEROHONDA 1837.00 1776.00 1806.00 1831.00 1861.00 1885.00
HINDALCO 206.00 201.00 204.00 208.00 211.00 216.00
HINDUNILVR 297.00 288.00 293.00 297.00 302.00 306.00
ICICIBANK 1120.00 1088.00 1104.00 1129.00 1145.00 1170.00
IDEA 72.00 70.00 71.00 72.00 73.00 75.00
IDFC 202.00 196.00 199.00 204.00 207.00 212.00
INFOSYSTCH 3010.00 2935.00 2972.00 3039.00 3077.00 3143.00
ITC 171.00 167.00 169.00 171.00 173.00 175.00
JINDALSTEL 708.00 693.00 700.00 709.00 717.00 726.00
JPASSOCIAT 127.00 124.00 126.00 128.00 130.00 132.00
KOTAKBANK 505.00 493.00 499.00 508.00 514.00 523.00
LT 1996.00 1955.00 1975.00 2007.00 2027.00 2058.00
M&M 702.00 687.00 694.00 703.00 710.00 719.00
MARUTI 1495.00 1463.00 1479.00 1497.00 1513.00 1531.00
NTPC 204.00 201.00 203.00 205.00 207.00 210.00
ONGC 1351.00 1319.00 1335.00 1355.00 1370.00 1390.00
PNB 1300.00 1277.00 1289.00 1306.00 1318.00 1336.00
POWERGRID 105.00 103.00 104.00 106.00 107.00 109.00
RANBAXY 577.00 563.00 570.00 580.00 587.00 596.00
RCOM 175.00 171.00 173.00 176.00 178.00 181.00
RELCAPITAL 828.00 807.00 818.00 833.00 843.00 858.00
RELIANCE 1044.00 1021.00 1033.00 1051.00 1062.00 1080.00
RELINFRA 1066.00 1037.00 1051.00 1073.00 1087.00 1109.00
RPOWER 159.00 155.00 157.00 160.00 162.00 164.00
SAIL 220.00 215.00 218.00 222.00 224.00 228.00
SBIN 3117.00 3044.00 3080.00 3142.00 3179.00 3240.00
SIEMENS 803.00 783.00 793.00 806.00 816.00 829.00
STER 176.00 172.00 174.00 177.00 179.00 182.00
SUNPHARMA 2048.00 1999.00 2024.00 2045.00 2070.00 2091.00
SUZLON 59.00 57.00 58.00 59.00 60.00 62.00
TATAMOTORS 1174.00 1159.00 1167.00 1177.00 1185.00 1195.00
TATAPOWER 1375.00 1351.00 1363.00 1384.00 1396.00 1417.00
TATASTEEL 633.00 617.00 625.00 639.00 647.00 661.00
TCS 968.00 950.00 959.00 973.00 982.00 996.00
UNITECH 92.00 88.00 90.00 93.00 95.00 98.00
WIPRO 465.00 452.00 458.00 467.00 474.00 483.00
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
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