The document provides a technical market summary for August 23, 2010 including indices levels, top gainers and losers, sectoral performance, and a technical analysis. It notes that upside momentum is likely to continue based on weekly charts, and advises going long on declines between 5470-5400 levels with a stop loss of 5340 for a target of 5700-5750. Key support and resistance levels are also provided for various stocks.

1. Technical Report
Date : 23/08/2010
Market Summary
Indices Top 5 Gainers Top 5 Losers Sectoral Watch
Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L
Open 5541 18444 DLF 3.89 TATAMOTORS 2.54 REALTY 1.81
High 5547 18464 RANBAXY 3.11 ICICIBANK 2.06 CG 1.37
Low 5513 18361 LT 2.88 HINDUNILVR 2.01 OIL&GAS 0.82
Close 5531 18402 BPCL 2.55 AMBUJACEM 1.89 IT (0.94)
% Chg (0.17) 0.29 CIPLA 1.94 WIPRO 1.84 FMCG (1.02)
Source : Falcon SENSEX DLY CHART
In view of the placement of the momentum indicator viz. the ADX on the weekly chart, and a breakout from the
weekly sideways consolidation pattern, we are of the opinion that the upside momentum is likely to continue in
the coming week. On the upside, indices are likely to test 18900 – 19050 / 5700 – 5750 levels once they trade
and close above 18475 / 5547 levels. However, on the downside, 18232 – 18000 / 5470 – 5400 levels may act as
a support for the week. Stock specific and sector rotation activity is likely to continue going ahead.
Traders are advised to go long only on declines in the range of 5470 – 5400 levels with a STRICT stop
loss of 5340 level for a target of 5700 – 5750 levels.
Stocks +ve Bias Stocks -ve Bias
BAJAJHIND
RIL
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 18402.00 18306.00 18354.00 18409.00 18457.00 18512.00
NIFTY 5531.00 5497.00 5514.00 5530.00 5547.00 5563.00
ABB 773.00 746.00 760.00 775.00 788.00 804.00
ACC 871.00 849.00 860.00 874.00 885.00 900.00
AMBUJACEM 122.00 115.00 118.00 123.00 127.00 132.00
AXISBANK 1367.00 1342.00 1355.00 1365.00 1377.00 1387.00
BHARTIARTL 310.00 305.00 308.00 311.00 313.00 316.00
BHEL 2470.00 2445.00 2457.00 2473.00 2486.00 2502.00
BPCL 699.00 664.00 681.00 693.00 711.00 723.00
CAIRN 344.00 340.00 342.00 343.00 345.00 347.00
CIPLA 310.00 301.00 306.00 309.00 314.00 317.00
DLF 334.00 312.00 323.00 329.00 340.00 346.00
GAIL 469.00 451.00 460.00 465.00 473.00 478.00
HCLTECH 408.00 398.00 403.00 408.00 413.00 418.00
HDFC 640.00 629.00 635.00 640.00 645.00 650.00
HDFCBANK 2231.00 2191.00 2211.00 2225.00 2246.00 2260.00
HEROHONDA 1916.00 1877.00 1896.00 1911.00 1930.00 1945.00
HINDALCO 179.00 175.00 177.00 178.00 180.00 182.00
HINDUNILVR 269.00 264.00 266.00 271.00 273.00 278.00
ICICIBANK 994.00 980.00 987.00 999.00 1005.00 1017.00
IDEA 70.00 67.00 69.00 69.00 71.00 71.00
IDFC 188.00 158.00 173.00 181.00 196.00 203.00
INFOSYSTCH 2770.00 2727.00 2748.00 2776.00 2797.00 2825.00
ITC 163.00 160.00 161.00 163.00 165.00 167.00
JINDALSTEL 689.00 672.00 681.00 689.00 697.00 706.00
JPASSOCIAT 124.00 121.00 122.00 124.00 125.00 127.00
KOTAKBANK 863.00 844.00 853.00 861.00 870.00 878.00
LT 1869.00 1786.00 1828.00 1851.00 1892.00 1916.00
M&M 618.00 602.00 610.00 616.00 624.00 630.00
MARUTI 1240.00 1226.00 1233.00 1245.00 1252.00 1264.00
NTPC 193.00 192.00 192.00 194.00 195.00 196.00
ONGC 1259.00 1235.00 1247.00 1264.00 1276.00 1292.00
PNB 1196.00 1123.00 1159.00 1189.00 1225.00 1254.00
POWERGRID 103.00 102.00 102.00 104.00 105.00 106.00
RANBAXY 493.00 462.00 477.00 489.00 504.00 515.00
RCOM 163.00 161.00 162.00 163.00 164.00 165.00
RELCAPITAL 784.00 710.00 747.00 767.00 804.00 823.00
RELIANCE 989.00 964.00 976.00 985.00 997.00 1006.00
RELINFRA 1070.00 1043.00 1057.00 1066.00 1079.00 1089.00
RPOWER 154.00 151.00 153.00 154.00 155.00 156.00
SAIL 192.00 190.00 191.00 192.00 193.00 194.00
SBIN 2787.00 2747.00 2767.00 2800.00 2820.00 2854.00
SIEMENS 707.00 691.00 699.00 703.00 711.00 716.00
STER 160.00 156.00 158.00 160.00 162.00 164.00
SUNPHARMA 1792.00 1767.00 1780.00 1796.00 1809.00 1825.00
SUZLON 49.00 48.00 49.00 49.00 50.00 51.00
TATAMOTORS 1015.00 997.00 1006.00 1022.00 1031.00 1047.00
TATAPOWER 1290.00 1276.00 1283.00 1292.00 1299.00 1308.00
TATASTEEL 519.00 514.00 516.00 520.00 522.00 525.00
TCS 869.00 854.00 861.00 871.00 878.00 888.00
UNITECH 85.00 81.00 83.00 85.00 86.00 88.00
WIPRO 412.00 405.00 409.00 414.00 417.00 423.00
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
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