The market indices opened higher but were unable to sustain gains and closed marginally higher. Key sectors like metal and consumer durables gained while FMCG declined. Powergrid and Tata Steel were among the top gainers while HCL Technologies and Suzlon were among the top losers. The technical indicators suggest the trends lack clarity and the indices may test resistance at 18,220-18,260 and support at 17,944-17,914 depending on movement above or below key levels. Pivot points are provided for various stocks.

1. Technical Report
Date : 31/08/2010
Market Summary
Indices Top 5 Gainers Top 5 Losers Sectoral Watch
Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L
Open 5409 18063 POWERGRID 4.02 SUZLON 2.10 METAL 1.46
High 5469 18217 TATASTEEL 3.36 HCLTECH 1.76 CD 0.54
Low 5390 17960 ABB 2.58 SIEMENS 1.58 AUTO 0.36
Close 5415 18032 BHARTIARTL 2.52 LT 1.34 REALTY 0.29
% Chg (1.26) 0.19 HINDALCO 0.40 TCS 1.29 FMCG (0.67)
Source : Falcon SENSEX DLY CHART
Markets opened higher in wake of positive global cues but were unable to sustain the gains which led the indices
to close marginally in green. On the daily chart we are witnessing an inside day which indicates no clear direction
of the trend at present. In the coming trading session if indices trade convincingly above 18130 / 5450 level then
it may test 18220 – 18260 / 5470 – 5495 levels. On the downside 17944 – 17914 / 5390 – 5370 may act support
for the day
Stocks +ve Bias Stocks -ve Bias
TATASTEEL
BHARTIARTL
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 18032.00 17813.00 17923.00 18070.00 18179.00 18326.00
NIFTY 5415.00 5346.00 5381.00 5425.00 5460.00 5504.00
ABB 779.00 753.00 766.00 774.00 787.00 795.00
ACC 876.00 864.00 870.00 877.00 883.00 890.00
AMBUJACEM 122.00 119.00 121.00 122.00 124.00 125.00
AXISBANK 1324.00 1291.00 1308.00 1328.00 1345.00 1365.00
BHARTIARTL 323.00 316.00 319.00 323.00 326.00 330.00
BHEL 2443.00 2385.00 2414.00 2462.00 2491.00 2539.00
BPCL 771.00 717.00 744.00 792.00 819.00 867.00
CAIRN 336.00 331.00 334.00 337.00 339.00 342.00
CIPLA 305.00 301.00 303.00 305.00 306.00 308.00
DLF 307.00 297.00 302.00 308.00 313.00 319.00
GAIL 459.00 449.00 454.00 462.00 467.00 475.00
HCLTECH 393.00 378.00 386.00 398.00 405.00 417.00
HDFC 628.00 620.00 624.00 628.00 632.00 636.00
HDFCBANK 2132.00 2081.00 2106.00 2142.00 2167.00 2203.00
HEROHONDA 1791.00 1751.00 1771.00 1788.00 1808.00 1825.00
HINDALCO 167.00 163.00 165.00 167.00 169.00 170.00
HINDUNILVR 264.00 260.00 262.00 263.00 265.00 267.00
ICICIBANK 968.00 946.00 957.00 969.00 980.00 992.00
IDEA 71.00 68.00 69.00 70.00 72.00 72.00
IDFC 179.00 173.00 176.00 180.00 183.00 188.00
INFOSYSTCH 2700.00 2631.00 2666.00 2701.00 2736.00 2771.00
ITC 159.00 156.00 157.00 160.00 162.00 165.00
JINDALSTEL 701.00 685.00 693.00 702.00 710.00 718.00
JPASSOCIAT 113.00 111.00 112.00 113.00 114.00 115.00
KOTAKBANK 846.00 829.00 838.00 849.00 858.00 869.00
LT 1819.00 1776.00 1798.00 1831.00 1853.00 1886.00
M&M 609.00 596.00 603.00 611.00 618.00 626.00
MARUTI 1235.00 1209.00 1222.00 1235.00 1248.00 1261.00
NTPC 195.00 193.00 194.00 196.00 197.00 199.00
ONGC 1344.00 1308.00 1326.00 1343.00 1361.00 1378.00
PNB 1190.00 1171.00 1180.00 1193.00 1202.00 1215.00
POWERGRID 109.00 103.00 106.00 108.00 111.00 112.00
RANBAXY 481.00 473.00 477.00 482.00 486.00 491.00
RCOM 162.00 157.00 159.00 163.00 165.00 169.00
RELCAPITAL 773.00 711.00 742.00 795.00 826.00 879.00
RELIANCE 948.00 933.00 940.00 953.00 960.00 972.00
RELINFRA 998.00 973.00 986.00 998.00 1010.00 1022.00
RPOWER 153.00 150.00 152.00 153.00 154.00 155.00
SAIL 187.00 184.00 185.00 187.00 188.00 190.00
SBIN 2800.00 2762.00 2781.00 2806.00 2825.00 2850.00
SIEMENS 699.00 675.00 687.00 703.00 716.00 732.00
STER 153.00 149.00 151.00 153.00 155.00 158.00
SUNPHARMA 1751.00 1721.00 1736.00 1760.00 1775.00 1799.00
SUZLON 47.00 45.00 46.00 47.00 48.00 49.00
TATAMOTORS 990.00 964.00 977.00 993.00 1006.00 1023.00
TATAPOWER 1231.00 1184.00 1207.00 1231.00 1254.00 1277.00
TATASTEEL 528.00 517.00 522.00 526.00 531.00 535.00
TCS 846.00 827.00 836.00 850.00 859.00 872.00
UNITECH 78.00 76.00 77.00 78.00 79.00 80.00
WIPRO 398.00 386.00 392.00 399.00 405.00 413.00
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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