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Technical Report

                                                                                            Date : 22/07/2010

                                               Market Summary
                   Indices               Top 5 Gainers             Top 5 Losers                Sectoral Watch
                  Nifty     Sensex      Stocks     % Gain      Stocks         % Loss        Sector           %G/L
Open                5369      17874     TATASTEEL   4.43       AXISBANK         1.68        METAL              3.16
High                5409      18012     AMBUJACEM 4.21         HDFC             1.66        REALTY             0.98
Low                 5369      17874     STER        4.06       IDEA             1.22        AUTO               0.83
Close               5399      17977     JINDALSTEEL 2.92       BHARTIARTL       1.04        CD                 0.73
% Chg                  0.58      0.55   M&M         2.58       ABB              1.04        HC                (0.27)




Source : Falcon                                                                                       SENSEX DLY CHART




Inspite of a positive close, markets are clearly showing a range bound activity. On the daily charts we are
witnessing that markets have stuck in the range of 5350 on the downside and 5420 on the upside. Any breakout
from the range on either side would dictate the trend going forward. Hence, in the coming trading session if
indices trade convincingly above18045 / 5420 levels then it is likely to test 18167 / 5450 levels or even extend the
gain little further to 18220 / 5470 levels. On the downside, if it breaches the lower band of the range then indices
are likely to take support at 17690 / 5310 levels.


                      Stocks +ve Bias                                               Stocks -ve Bias
                       BIOCON LTD
                             GSPL



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.
Technical Report

                                                    PIVOTS
      Stocks              Close         S2             S1          Pivot           R1          R2
SENSEX                      17977.00    17816.00       17897.00     17954.00       18035.00    18093.00
NIFTY                        5399.00     5352.00        5376.00       5392.00       5416.00     5433.00
ABB                           848.00       836.00         842.00       853.00         859.00      870.00
ACC                           825.00       805.00         815.00       821.00         831.00      837.00
AMBUJACEM                     112.00       107.00         110.00       111.00         114.00      116.00
AXISBANK                     1347.00     1315.00        1331.00       1353.00       1369.00     1391.00
BHARTIARTL                    295.00       291.00         293.00       296.00         298.00      301.00
BHEL                         2406.00     2376.00        2391.00       2415.00       2430.00     2454.00
BPCL                          646.00       626.00         636.00       644.00         654.00      662.00
CAIRN                         314.00       310.00         312.00       313.00         315.00      317.00
CIPLA                         325.00       322.00         323.00       326.00         328.00      331.00
DLF                           324.00       317.00         320.00       323.00         326.00      328.00
GAIL                          459.00       446.00         453.00       456.00         463.00      466.00
HCLTECH                       371.00       365.00         368.00       371.00         374.00      378.00
HDFC                         2970.00     2908.00        2939.00       2994.00       3025.00     3079.00
HDFCBANK                     2033.00     2001.00        2017.00       2041.00       2057.00     2081.00
HEROHONDA                    1941.00     1920.00        1931.00       1945.00       1956.00     1970.00
HINDALCO                      156.00       152.00         154.00       156.00         158.00      159.00
HINDUNILVR                    262.00       257.00         259.00       263.00         266.00      269.00
ICICIBANK                     903.00       885.00         894.00       899.00         908.00      914.00
IDEA                            65.00       63.00          64.00         65.00         66.00       67.00
IDFC                          190.00       188.00         189.00       191.00         192.00      193.00
INFOSYSTCH                   2772.00     2751.00        2761.00       2770.00       2780.00     2789.00
ITC                           292.00       288.00         290.00       293.00         295.00      298.00
JINDALSTEL                    637.00       614.00         625.00       632.00         643.00      650.00
JPASSOCIAT                    128.00       127.00         127.00       128.00         129.00      130.00
KOTAKBANK                     785.00       751.00         768.00       779.00         796.00      808.00
LT                           1916.00     1888.00        1902.00       1911.00       1925.00     1934.00
M&M                           617.00       596.00         607.00       614.00         624.00      631.00
MARUTI                       1362.00     1346.00        1354.00       1367.00       1375.00     1388.00
NTPC                          203.00       201.00         202.00       203.00         204.00      205.00
ONGC                         1272.00     1246.00        1259.00       1267.00       1281.00     1289.00
PNB                          1062.00     1050.00        1056.00       1063.00       1069.00     1076.00
POWERGRID                     100.00        99.00         100.00       100.00         100.00      101.00
RANBAXY                       451.00       441.00         446.00       450.00         455.00      459.00
RCOM                          188.00       186.00         187.00       188.00         190.00      191.00
RELCAPITAL                    811.00       784.00         797.00       811.00         824.00      838.00
RELIANCE                     1058.00     1052.00        1055.00       1059.00       1062.00     1066.00
RELINFRA                     1140.00     1129.00        1134.00       1143.00       1148.00     1157.00
RPOWER                        172.00       171.00         171.00       172.00         173.00      174.00
SAIL                          205.00       198.00         201.00       204.00         207.00      209.00
SBIN                         2437.00     2416.00        2426.00       2445.00       2455.00     2474.00
SIEMENS                       715.00       707.00         711.00       717.00         721.00      728.00
STER                          173.00       165.00         169.00       171.00         176.00      178.00
SUNPHARMA                    1717.00     1700.00        1708.00       1719.00       1727.00     1738.00
SUZLON                          60.00       59.00          59.00         59.00         60.00       60.00
TATAMOTORS                    820.00       811.00         816.00       821.00         825.00      830.00
TATAPOWER                    1336.00     1310.00        1323.00       1331.00       1344.00     1352.00
TATASTEEL                     531.00       504.00         517.00       525.00         538.00      546.00
TCS                           843.00       824.00         833.00       839.00         849.00      854.00
UNITECH                         84.00       82.00          83.00         84.00         85.00       86.00
WIPRO                         415.00       405.00         410.00       413.00         419.00      422.00


     For Private Circulation Only.
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
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
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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 22 07 2010

  • 1. Technical Report Date : 22/07/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 5369 17874 TATASTEEL 4.43 AXISBANK 1.68 METAL 3.16 High 5409 18012 AMBUJACEM 4.21 HDFC 1.66 REALTY 0.98 Low 5369 17874 STER 4.06 IDEA 1.22 AUTO 0.83 Close 5399 17977 JINDALSTEEL 2.92 BHARTIARTL 1.04 CD 0.73 % Chg 0.58 0.55 M&M 2.58 ABB 1.04 HC (0.27) Source : Falcon SENSEX DLY CHART Inspite of a positive close, markets are clearly showing a range bound activity. On the daily charts we are witnessing that markets have stuck in the range of 5350 on the downside and 5420 on the upside. Any breakout from the range on either side would dictate the trend going forward. Hence, in the coming trading session if indices trade convincingly above18045 / 5420 levels then it is likely to test 18167 / 5450 levels or even extend the gain little further to 18220 / 5470 levels. On the downside, if it breaches the lower band of the range then indices are likely to take support at 17690 / 5310 levels. Stocks +ve Bias Stocks -ve Bias BIOCON LTD GSPL 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 17977.00 17816.00 17897.00 17954.00 18035.00 18093.00 NIFTY 5399.00 5352.00 5376.00 5392.00 5416.00 5433.00 ABB 848.00 836.00 842.00 853.00 859.00 870.00 ACC 825.00 805.00 815.00 821.00 831.00 837.00 AMBUJACEM 112.00 107.00 110.00 111.00 114.00 116.00 AXISBANK 1347.00 1315.00 1331.00 1353.00 1369.00 1391.00 BHARTIARTL 295.00 291.00 293.00 296.00 298.00 301.00 BHEL 2406.00 2376.00 2391.00 2415.00 2430.00 2454.00 BPCL 646.00 626.00 636.00 644.00 654.00 662.00 CAIRN 314.00 310.00 312.00 313.00 315.00 317.00 CIPLA 325.00 322.00 323.00 326.00 328.00 331.00 DLF 324.00 317.00 320.00 323.00 326.00 328.00 GAIL 459.00 446.00 453.00 456.00 463.00 466.00 HCLTECH 371.00 365.00 368.00 371.00 374.00 378.00 HDFC 2970.00 2908.00 2939.00 2994.00 3025.00 3079.00 HDFCBANK 2033.00 2001.00 2017.00 2041.00 2057.00 2081.00 HEROHONDA 1941.00 1920.00 1931.00 1945.00 1956.00 1970.00 HINDALCO 156.00 152.00 154.00 156.00 158.00 159.00 HINDUNILVR 262.00 257.00 259.00 263.00 266.00 269.00 ICICIBANK 903.00 885.00 894.00 899.00 908.00 914.00 IDEA 65.00 63.00 64.00 65.00 66.00 67.00 IDFC 190.00 188.00 189.00 191.00 192.00 193.00 INFOSYSTCH 2772.00 2751.00 2761.00 2770.00 2780.00 2789.00 ITC 292.00 288.00 290.00 293.00 295.00 298.00 JINDALSTEL 637.00 614.00 625.00 632.00 643.00 650.00 JPASSOCIAT 128.00 127.00 127.00 128.00 129.00 130.00 KOTAKBANK 785.00 751.00 768.00 779.00 796.00 808.00 LT 1916.00 1888.00 1902.00 1911.00 1925.00 1934.00 M&M 617.00 596.00 607.00 614.00 624.00 631.00 MARUTI 1362.00 1346.00 1354.00 1367.00 1375.00 1388.00 NTPC 203.00 201.00 202.00 203.00 204.00 205.00 ONGC 1272.00 1246.00 1259.00 1267.00 1281.00 1289.00 PNB 1062.00 1050.00 1056.00 1063.00 1069.00 1076.00 POWERGRID 100.00 99.00 100.00 100.00 100.00 101.00 RANBAXY 451.00 441.00 446.00 450.00 455.00 459.00 RCOM 188.00 186.00 187.00 188.00 190.00 191.00 RELCAPITAL 811.00 784.00 797.00 811.00 824.00 838.00 RELIANCE 1058.00 1052.00 1055.00 1059.00 1062.00 1066.00 RELINFRA 1140.00 1129.00 1134.00 1143.00 1148.00 1157.00 RPOWER 172.00 171.00 171.00 172.00 173.00 174.00 SAIL 205.00 198.00 201.00 204.00 207.00 209.00 SBIN 2437.00 2416.00 2426.00 2445.00 2455.00 2474.00 SIEMENS 715.00 707.00 711.00 717.00 721.00 728.00 STER 173.00 165.00 169.00 171.00 176.00 178.00 SUNPHARMA 1717.00 1700.00 1708.00 1719.00 1727.00 1738.00 SUZLON 60.00 59.00 59.00 59.00 60.00 60.00 TATAMOTORS 820.00 811.00 816.00 821.00 825.00 830.00 TATAPOWER 1336.00 1310.00 1323.00 1331.00 1344.00 1352.00 TATASTEEL 531.00 504.00 517.00 525.00 538.00 546.00 TCS 843.00 824.00 833.00 839.00 849.00 854.00 UNITECH 84.00 82.00 83.00 84.00 85.00 86.00 WIPRO 415.00 405.00 410.00 413.00 419.00 422.00 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 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.