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Technical Report

                                                                                               Date : 16/08/2010

                                               Market Summary
                   Indices               Top 5 Gainers               Top 5 Losers                Sectoral Watch
                  Nifty     Sensex      Stocks   % Gain         Stocks     % Loss             Sector            %G/L
Open                5421      18080     CAIRN     3.96          STER         3.88             REALTY              2.31
High                5477      18260     KOTAKBANK 3.58          RCOM         3.15             CD                  1.86
Low                 5416      18050     SBIN      2.54          SUZLON       1.82             BANKEX              1.40
Close               5452      18167     ITC       2.26          TATAMOTORS   1.30             FMCG                1.10
% Chg                  0.66      0.52   POWERGRID 2.26          RELINFRA     1.30             METAL              (0.15)




Source : Falcon                                                                                          SENSEX DLY CHART
Markets are stuck in a range of 17840 / 5350 on the downside, and 18300 / 5480 on the upside and at present,
they are trading near the upper side of the band. In view of the daily chart, we are witnessing that the momentum
oscillator’s viz. the RSI and the Stochastic are positively poised. This suggests that there is high probability of the
indices to trade and close above 18315 / 5480 levels. We maintain our view that once the indices trade and close
above 18315 / 5480 levels they are likely to test 18600 / 5600 levels. On the downside, 17840 / 5350 still remains
crucial support level for the coming week. Any breach of this level would mean loss of upside momentum and we
could witness weakness.
We reiterate our view that traders holding long positions should maintain the stop-loss at 5340 levels and trade
with a positive bias as long as the markets hold 5350 levels

                      Stocks +ve Bias                                                  Stocks -ve Bias
                       RELIANCE IND                                                        ABAN
                         UNIPHOS



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                      18167.00    17949.00       18058.00     18159.00       18268.00    18369.00
NIFTY                        5452.00     5387.00        5420.00       5448.00       5481.00     5509.00
ABB                           783.00       773.00         778.00       783.00         788.00      793.00
ACC                           844.00       821.00         832.00       845.00         856.00      869.00
AMBUJACEM                     117.00       115.00         116.00       117.00         118.00      119.00
AXISBANK                     1328.00     1312.00        1320.00       1328.00       1336.00     1344.00
BHARTIARTL                    317.00       310.00         314.00       318.00         322.00      326.00
BHEL                         2497.00     2459.00        2478.00       2505.00       2524.00     2551.00
BPCL                          671.00       655.00         663.00       677.00         685.00      700.00
CAIRN                         355.00       336.00         346.00       352.00         362.00      368.00
CIPLA                         315.00       310.00         313.00       316.00         318.00      321.00
DLF                           323.00       312.00         317.00       320.00         326.00      329.00
GAIL                          454.00       445.00         450.00       452.00         456.00      459.00
HCLTECH                       411.00       395.00         403.00       409.00         417.00      423.00
HDFC                         2996.00     2956.00        2976.00       3001.00       3022.00     3047.00
HDFCBANK                     2088.00     2039.00        2063.00       2082.00       2107.00     2126.00
HEROHONDA                    1884.00     1852.00        1868.00       1884.00       1900.00     1916.00
HINDALCO                      166.00       162.00         164.00       167.00         169.00      172.00
HINDUNILVR                    266.00       264.00         265.00       266.00         267.00      269.00
ICICIBANK                     976.00       953.00         965.00       975.00         986.00      996.00
IDEA                            73.00       71.00          72.00         72.00         73.00       74.00
IDFC                          181.00       175.00         178.00       180.00         183.00      185.00
INFOSYSTCH                   2777.00     2734.00        2756.00       2777.00       2799.00     2820.00
ITC                           156.00       151.00         154.00       155.00         158.00      159.00
JINDALSTEL                    663.00       644.00         653.00       660.00         669.00      676.00
JPASSOCIAT                    121.00       117.00         119.00       120.00         122.00      123.00
KOTAKBANK                     829.00       797.00         813.00       823.00         839.00      849.00
LT                           1809.00     1788.00        1798.00       1811.00       1821.00     1834.00
M&M                           627.00       616.00         622.00       630.00         635.00      643.00
MARUTI                       1249.00     1210.00        1230.00       1242.00       1262.00     1274.00
NTPC                          196.00       192.00         194.00       195.00         197.00      199.00
ONGC                         1278.00     1257.00        1267.00       1278.00       1288.00     1299.00
PNB                          1139.00     1118.00        1129.00       1142.00       1152.00     1165.00
POWERGRID                     102.00        99.00         100.00       101.00         103.00      104.00
RANBAXY                       443.00       427.00         435.00       442.00         450.00      458.00
RCOM                          168.00       163.00         166.00       170.00         172.00      176.00
RELCAPITAL                    764.00       755.00         759.00       767.00         771.00      779.00
RELIANCE                      979.00       958.00         968.00       981.00         992.00    1004.00
RELINFRA                     1084.00     1058.00        1071.00       1091.00       1104.00     1125.00
RPOWER                        155.00       153.00         154.00       156.00         157.00      158.00
SAIL                          193.00       191.00         192.00       193.00         194.00      196.00
SBIN                         2850.00     2742.00        2796.00       2838.00       2892.00     2934.00
SIEMENS                       696.00       682.00         689.00       694.00         702.00      707.00
STER                          161.00       155.00         158.00       162.00         165.00      169.00
SUNPHARMA                    1751.00     1727.00        1739.00       1747.00       1759.00     1767.00
SUZLON                          56.00       54.00          55.00         57.00         58.00       60.00
TATAMOTORS                   1013.00       991.00       1002.00       1019.00       1030.00     1046.00
TATAPOWER                    1327.00     1295.00        1311.00       1325.00       1341.00     1356.00
TATASTEEL                     527.00       514.00         521.00       530.00         537.00      547.00
TCS                           854.00       827.00         841.00       852.00         866.00      877.00
UNITECH                         88.00       85.00          86.00         88.00         90.00       91.00
WIPRO                         415.00       407.00         411.00       416.00         420.00      426.00


     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
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.

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Technical Report - August 16, 2010

  • 1. Technical Report Date : 16/08/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 5421 18080 CAIRN 3.96 STER 3.88 REALTY 2.31 High 5477 18260 KOTAKBANK 3.58 RCOM 3.15 CD 1.86 Low 5416 18050 SBIN 2.54 SUZLON 1.82 BANKEX 1.40 Close 5452 18167 ITC 2.26 TATAMOTORS 1.30 FMCG 1.10 % Chg 0.66 0.52 POWERGRID 2.26 RELINFRA 1.30 METAL (0.15) Source : Falcon SENSEX DLY CHART Markets are stuck in a range of 17840 / 5350 on the downside, and 18300 / 5480 on the upside and at present, they are trading near the upper side of the band. In view of the daily chart, we are witnessing that the momentum oscillator’s viz. the RSI and the Stochastic are positively poised. This suggests that there is high probability of the indices to trade and close above 18315 / 5480 levels. We maintain our view that once the indices trade and close above 18315 / 5480 levels they are likely to test 18600 / 5600 levels. On the downside, 17840 / 5350 still remains crucial support level for the coming week. Any breach of this level would mean loss of upside momentum and we could witness weakness. We reiterate our view that traders holding long positions should maintain the stop-loss at 5340 levels and trade with a positive bias as long as the markets hold 5350 levels Stocks +ve Bias Stocks -ve Bias RELIANCE IND ABAN UNIPHOS 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 18167.00 17949.00 18058.00 18159.00 18268.00 18369.00 NIFTY 5452.00 5387.00 5420.00 5448.00 5481.00 5509.00 ABB 783.00 773.00 778.00 783.00 788.00 793.00 ACC 844.00 821.00 832.00 845.00 856.00 869.00 AMBUJACEM 117.00 115.00 116.00 117.00 118.00 119.00 AXISBANK 1328.00 1312.00 1320.00 1328.00 1336.00 1344.00 BHARTIARTL 317.00 310.00 314.00 318.00 322.00 326.00 BHEL 2497.00 2459.00 2478.00 2505.00 2524.00 2551.00 BPCL 671.00 655.00 663.00 677.00 685.00 700.00 CAIRN 355.00 336.00 346.00 352.00 362.00 368.00 CIPLA 315.00 310.00 313.00 316.00 318.00 321.00 DLF 323.00 312.00 317.00 320.00 326.00 329.00 GAIL 454.00 445.00 450.00 452.00 456.00 459.00 HCLTECH 411.00 395.00 403.00 409.00 417.00 423.00 HDFC 2996.00 2956.00 2976.00 3001.00 3022.00 3047.00 HDFCBANK 2088.00 2039.00 2063.00 2082.00 2107.00 2126.00 HEROHONDA 1884.00 1852.00 1868.00 1884.00 1900.00 1916.00 HINDALCO 166.00 162.00 164.00 167.00 169.00 172.00 HINDUNILVR 266.00 264.00 265.00 266.00 267.00 269.00 ICICIBANK 976.00 953.00 965.00 975.00 986.00 996.00 IDEA 73.00 71.00 72.00 72.00 73.00 74.00 IDFC 181.00 175.00 178.00 180.00 183.00 185.00 INFOSYSTCH 2777.00 2734.00 2756.00 2777.00 2799.00 2820.00 ITC 156.00 151.00 154.00 155.00 158.00 159.00 JINDALSTEL 663.00 644.00 653.00 660.00 669.00 676.00 JPASSOCIAT 121.00 117.00 119.00 120.00 122.00 123.00 KOTAKBANK 829.00 797.00 813.00 823.00 839.00 849.00 LT 1809.00 1788.00 1798.00 1811.00 1821.00 1834.00 M&M 627.00 616.00 622.00 630.00 635.00 643.00 MARUTI 1249.00 1210.00 1230.00 1242.00 1262.00 1274.00 NTPC 196.00 192.00 194.00 195.00 197.00 199.00 ONGC 1278.00 1257.00 1267.00 1278.00 1288.00 1299.00 PNB 1139.00 1118.00 1129.00 1142.00 1152.00 1165.00 POWERGRID 102.00 99.00 100.00 101.00 103.00 104.00 RANBAXY 443.00 427.00 435.00 442.00 450.00 458.00 RCOM 168.00 163.00 166.00 170.00 172.00 176.00 RELCAPITAL 764.00 755.00 759.00 767.00 771.00 779.00 RELIANCE 979.00 958.00 968.00 981.00 992.00 1004.00 RELINFRA 1084.00 1058.00 1071.00 1091.00 1104.00 1125.00 RPOWER 155.00 153.00 154.00 156.00 157.00 158.00 SAIL 193.00 191.00 192.00 193.00 194.00 196.00 SBIN 2850.00 2742.00 2796.00 2838.00 2892.00 2934.00 SIEMENS 696.00 682.00 689.00 694.00 702.00 707.00 STER 161.00 155.00 158.00 162.00 165.00 169.00 SUNPHARMA 1751.00 1727.00 1739.00 1747.00 1759.00 1767.00 SUZLON 56.00 54.00 55.00 57.00 58.00 60.00 TATAMOTORS 1013.00 991.00 1002.00 1019.00 1030.00 1046.00 TATAPOWER 1327.00 1295.00 1311.00 1325.00 1341.00 1356.00 TATASTEEL 527.00 514.00 521.00 530.00 537.00 547.00 TCS 854.00 827.00 841.00 852.00 866.00 877.00 UNITECH 88.00 85.00 86.00 88.00 90.00 91.00 WIPRO 415.00 407.00 411.00 416.00 420.00 426.00 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.