The market indices opened positively on news of the RBI monetary policy announcement. Key banking stocks saw strong buying and volume. Technical indicators signal further upside potential for the market, with support at 5180-5160. On the downside, sectors like IT saw losses while realty, banking and PSU saw gains. Overall the market closed slightly higher.

1. Date : 21/04/2010
Market Summary
Indices Top 5 Gainers Top 5 Losers Sectoral Watch
Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L
Open 5208 17395 GESHIPPING 5.85 TCS 2.76 REALTY 3.08
High 5257 17560 UNITECH 4.50 HERO HONDA 2.31 BANKEX 1.53
Low 5208 17395 IDFC 4.41 DR REDDY 2.30 PSU 1.48
Close 5230 17449 LIC HSG FI 3.41 SINTEX 1.18 TECK (1.00)
% Chg 0.51 0.34 SBI 3.24 ITC 0.62 IT (1.28)
Source : Falcon NIFTY FUTURE DLY CHART
Markets opened on a positive note and gained upside momentum after the announcement of RBI monetary
policy. We witnessed strong buying in large cap banking stocks along with good volumes. Also, the price pattern
on the Bank nifty (Future) resembles a Morning Star Formation. This indicates a rally up to 9700 levels.
On the daily chart (Nifty future), we are witnessing the momentum oscillator (Stochastic) signaling a positive
crossover in the oversold zone. Also, the market has managed to close above 5226 level, thus indicating upside
till 5300 level, as mentioned in previous report. On the downside, the range between 5180 to 5160 levels would
act as a crucial support zone for the market.
Stocks +ve Bias Stocks -ve Bias
SBIN TCS
HINDUNILEVER
For Private Circulation Only.

2. PIVOTS
Stocks Close S2 S1 Pivot R1 R2
SENSEX 17449.00 17303.00 17376.00 17468.00 17541.00 17633.00
NIFTY 5230.00 5183.00 5207.00 5232.00 5255.00 5281.00
ABB 860.00 843.00 852.00 858.00 867.00 873.00
ACC 922.00 911.00 917.00 926.00 932.00 941.00
AMBUJACEM 119.00 114.00 116.00 118.00 121.00 123.00
AXISBANK 1187.00 1146.00 1166.00 1181.00 1201.00 1216.00
BHARTIARTL 305.00 299.00 302.00 305.00 308.00 312.00
BHEL 2497.00 2439.00 2468.00 2492.00 2522.00 2546.00
BPCL 501.00 490.00 496.00 501.00 507.00 513.00
CAIRN 300.00 295.00 298.00 300.00 302.00 305.00
CIPLA 329.00 322.00 326.00 331.00 334.00 339.00
DLF 326.00 308.00 317.00 323.00 332.00 338.00
GAIL 425.00 397.00 411.00 423.00 437.00 449.00
HCLTECH 345.00 337.00 341.00 347.00 351.00 357.00
HDFC 2703.00 2643.00 2673.00 2695.00 2725.00 2747.00
HDFCBANK 1945.00 1916.00 1930.00 1944.00 1958.00 1971.00
HEROHONDA 1853.00 1784.00 1818.00 1879.00 1913.00 1974.00
HINDALCO 182.00 177.00 179.00 181.00 183.00 185.00
HINDUNILVR 228.00 222.00 225.00 227.00 230.00 231.00
ICICIBANK 933.00 908.00 920.00 933.00 945.00 958.00
IDEA 67.00 65.00 66.00 67.00 69.00 70.00
IDFC 169.00 154.00 162.00 167.00 174.00 179.00
INFOSYSTCH 2727.00 2676.00 2702.00 2746.00 2772.00 2816.00
ITC 263.00 258.00 261.00 264.00 266.00 269.00
JINDALSTEL 720.00 707.00 714.00 721.00 727.00 734.00
JPASSOCIAT 147.00 144.00 146.00 148.00 150.00 152.00
KOTAKBANK 731.00 715.00 723.00 732.00 740.00 748.00
LT 1589.00 1549.00 1569.00 1586.00 1606.00 1624.00
M&M 511.00 495.00 503.00 511.00 519.00 527.00
MARUTI 1352.00 1316.00 1334.00 1350.00 1368.00 1384.00
NTPC 206.00 202.00 204.00 206.00 208.00 210.00
ONGC 1003.00 988.00 995.00 1008.00 1015.00 1027.00
PNB 992.00 973.00 982.00 995.00 1005.00 1018.00
POWERGRID 108.00 105.00 107.00 108.00 109.00 110.00
RANBAXY 443.00 435.00 439.00 445.00 450.00 456.00
RCOM 168.00 164.00 166.00 168.00 170.00 172.00
RELCAPITAL 734.00 724.00 729.00 737.00 742.00 749.00
RELIANCE 1063.00 1040.00 1052.00 1066.00 1077.00 1091.00
RELINFRA 1116.00 1076.00 1096.00 1110.00 1131.00 1145.00
RPOWER 155.00 153.00 154.00 155.00 157.00 158.00
SAIL 220.00 215.00 217.00 222.00 224.00 229.00
SBIN 2098.00 1990.00 2044.00 2075.00 2130.00 2161.00
SIEMENS 701.00 686.00 693.00 706.00 714.00 726.00
STER 812.00 796.00 804.00 816.00 824.00 837.00
SUNPHARMA 1800.00 1718.00 1759.00 1787.00 1828.00 1856.00
SUZLON 72.00 69.00 70.00 72.00 73.00 74.00
TATAMOTORS 792.00 768.00 780.00 789.00 802.00 811.00
TATAPOWER 1313.00 1270.00 1291.00 1313.00 1334.00 1355.00
TATASTEEL 671.00 654.00 663.00 674.00 682.00 693.00
TCS 790.00 757.00 773.00 803.00 819.00 849.00
UNITECH 84.00 77.00 80.00 82.00 85.00 87.00
WIPRO 696.00 679.00 687.00 701.00 709.00 723.00
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
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