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Technical Report

                                                                                            Date : 07/09/2010

                                               Market Summary
                   Indices               Top 5 Gainers             Top 5 Losers                Sectoral Watch
                  Nifty     Sensex      Stocks    % Gain       Stocks     % Loss            Sector           %G/L
Open                5480      18124     TATASTEEL  6.48        HEROHONDA    2.07            METAL             3.47
High                5589      18600     HINDALCO   4.90        BPCL         0.62            BANKEX            2.06
Low                 5480      18124     STER       4.20        HINDUNILVR   0.53            REALTY            1.98
Close               5577      18560     ICICIBANK  3.66        RCOM         0.21            OIL&GAS           1.97
% Chg                  1.78      1.86   JPASSOCIAT 3.45        CAIRN        0.30            IT                1.88




Source : Falcon                                                                                       SENSEX DLY CHART
Markets opened with an upside gap and a strong positive momentum was witnessed throughout the session to
close at new 52 Weeks high. This rally was mainly led by a sharp positive surge in Reliance Industries, Metal
Index and Banking Index. On the daily chart, indices have formed a bullish “V” price pattern which suggests an
upside target of 18900 – 19050 / 5700 – 5750 in coming 6 – 8 trading sessions. For coming trading session, if
indices trade convincingly above 18600 / 5590 level then it is likely to test 18700 – 18780 / 5620-5650 levels and
on the downside, 18470 - 18370 / 5550 - 5520 levels may act as support for the day.




                      Stocks +ve Bias                                               Stocks -ve Bias
                          GAIL
                        JSWSTEEL



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                      18560.00    17952.00       18256.00     18428.00       18732.00    18904.00
NIFTY                        5577.00     5439.00        5508.00       5549.00       5618.00     5658.00
ABB                           783.00       772.00         777.00       786.00         792.00      800.00
ACC                           903.00       888.00         896.00       900.00         908.00      912.00
AMBUJACEM                     127.00       124.00         125.00       127.00         128.00      129.00
AXISBANK                     1395.00     1372.00        1383.00       1394.00       1406.00     1417.00
BHARTIARTL                    343.00       335.00         339.00       342.00         346.00      349.00
BHEL                         2445.00     2371.00        2408.00       2429.00       2465.00     2486.00
BPCL                          763.00       752.00         758.00       765.00         771.00      779.00
CAIRN                         336.00       332.00         334.00       336.00         338.00      340.00
CIPLA                         310.00       306.00         308.00       309.00         311.00      312.00
DLF                           319.00       312.00         315.00       317.00         321.00      323.00
GAIL                          468.00       455.00         461.00       466.00         473.00      478.00
HCLTECH                       406.00       397.00         402.00       405.00         409.00      412.00
HDFC                          636.00       625.00         631.00       637.00         642.00      648.00
HDFCBANK                     2204.00     2169.00        2186.00       2203.00       2221.00     2238.00
HEROHONDA                    1703.00     1659.00        1681.00       1715.00       1737.00     1771.00
HINDALCO                      179.00       170.00         175.00       177.00         182.00      185.00
HINDUNILVR                    272.00       268.00         270.00       272.00         274.00      276.00
ICICIBANK                    1039.00       982.00       1011.00       1029.00       1058.00     1076.00
IDEA                            72.00       71.00          71.00         72.00         72.00       73.00
IDFC                          184.00       178.00         181.00       183.00         185.00      187.00
INFOSYSTCH                   2832.00     2765.00        2798.00       2819.00       2853.00     2873.00
ITC                           166.00       162.00         164.00       166.00         167.00      169.00
JINDALSTEL                    695.00       683.00         689.00       695.00         701.00      706.00
JPASSOCIAT                    117.00       112.00         114.00       116.00         118.00      120.00
KOTAKBANK                     836.00       824.00         830.00       834.00         840.00      845.00
LT                           1834.00     1811.00        1822.00       1840.00       1851.00     1869.00
M&M                           634.00       626.00         630.00       634.00         638.00      642.00
MARUTI                       1303.00     1262.00        1282.00       1298.00       1318.00     1333.00
NTPC                          197.00       187.00         192.00       195.00         200.00      203.00
ONGC                         1351.00     1296.00        1323.00       1348.00       1375.00     1400.00
PNB                          1218.00     1189.00        1204.00       1216.00       1231.00     1243.00
POWERGRID                     108.00       106.00         107.00       108.00         109.00      110.00
RANBAXY                       521.00       513.00         517.00       520.00         524.00      526.00
RCOM                          163.00       157.00         160.00       164.00         167.00      170.00
RELCAPITAL                    791.00       775.00         783.00       788.00         796.00      802.00
RELIANCE                      953.00       909.00         931.00       944.00         966.00      980.00
RELINFRA                     1046.00     1019.00        1032.00       1041.00       1055.00     1064.00
RPOWER                        159.00       154.00         156.00       159.00         161.00      163.00
SAIL                          196.00       190.00         193.00       195.00         198.00      200.00
SBIN                         2859.00     2738.00        2799.00       2835.00       2896.00     2932.00
SIEMENS                       713.00       693.00         703.00       711.00         721.00      728.00
STER                          164.00       158.00         161.00       163.00         166.00      168.00
SUNPHARMA                    1729.00     1704.00        1716.00       1729.00       1741.00     1753.00
SUZLON                          51.00       49.00          50.00         51.00         52.00       52.00
TATAMOTORS                   1035.00     1011.00        1023.00       1032.00       1043.00     1052.00
TATAPOWER                    1282.00     1236.00        1259.00       1273.00       1297.00     1311.00
TATASTEEL                     576.00       531.00         553.00       565.00         588.00      600.00
TCS                           855.00       831.00         843.00       850.00         863.00      870.00
UNITECH                         84.00       81.00          82.00         83.00         84.00       85.00
WIPRO                         405.00       398.00         402.00       405.00         408.00      411.00



     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 -September 7,2010

  • 1. Technical Report Date : 07/09/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Nifty Sensex Stocks % Gain Stocks % Loss Sector %G/L Open 5480 18124 TATASTEEL 6.48 HEROHONDA 2.07 METAL 3.47 High 5589 18600 HINDALCO 4.90 BPCL 0.62 BANKEX 2.06 Low 5480 18124 STER 4.20 HINDUNILVR 0.53 REALTY 1.98 Close 5577 18560 ICICIBANK 3.66 RCOM 0.21 OIL&GAS 1.97 % Chg 1.78 1.86 JPASSOCIAT 3.45 CAIRN 0.30 IT 1.88 Source : Falcon SENSEX DLY CHART Markets opened with an upside gap and a strong positive momentum was witnessed throughout the session to close at new 52 Weeks high. This rally was mainly led by a sharp positive surge in Reliance Industries, Metal Index and Banking Index. On the daily chart, indices have formed a bullish “V” price pattern which suggests an upside target of 18900 – 19050 / 5700 – 5750 in coming 6 – 8 trading sessions. For coming trading session, if indices trade convincingly above 18600 / 5590 level then it is likely to test 18700 – 18780 / 5620-5650 levels and on the downside, 18470 - 18370 / 5550 - 5520 levels may act as support for the day. Stocks +ve Bias Stocks -ve Bias GAIL JSWSTEEL 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 18560.00 17952.00 18256.00 18428.00 18732.00 18904.00 NIFTY 5577.00 5439.00 5508.00 5549.00 5618.00 5658.00 ABB 783.00 772.00 777.00 786.00 792.00 800.00 ACC 903.00 888.00 896.00 900.00 908.00 912.00 AMBUJACEM 127.00 124.00 125.00 127.00 128.00 129.00 AXISBANK 1395.00 1372.00 1383.00 1394.00 1406.00 1417.00 BHARTIARTL 343.00 335.00 339.00 342.00 346.00 349.00 BHEL 2445.00 2371.00 2408.00 2429.00 2465.00 2486.00 BPCL 763.00 752.00 758.00 765.00 771.00 779.00 CAIRN 336.00 332.00 334.00 336.00 338.00 340.00 CIPLA 310.00 306.00 308.00 309.00 311.00 312.00 DLF 319.00 312.00 315.00 317.00 321.00 323.00 GAIL 468.00 455.00 461.00 466.00 473.00 478.00 HCLTECH 406.00 397.00 402.00 405.00 409.00 412.00 HDFC 636.00 625.00 631.00 637.00 642.00 648.00 HDFCBANK 2204.00 2169.00 2186.00 2203.00 2221.00 2238.00 HEROHONDA 1703.00 1659.00 1681.00 1715.00 1737.00 1771.00 HINDALCO 179.00 170.00 175.00 177.00 182.00 185.00 HINDUNILVR 272.00 268.00 270.00 272.00 274.00 276.00 ICICIBANK 1039.00 982.00 1011.00 1029.00 1058.00 1076.00 IDEA 72.00 71.00 71.00 72.00 72.00 73.00 IDFC 184.00 178.00 181.00 183.00 185.00 187.00 INFOSYSTCH 2832.00 2765.00 2798.00 2819.00 2853.00 2873.00 ITC 166.00 162.00 164.00 166.00 167.00 169.00 JINDALSTEL 695.00 683.00 689.00 695.00 701.00 706.00 JPASSOCIAT 117.00 112.00 114.00 116.00 118.00 120.00 KOTAKBANK 836.00 824.00 830.00 834.00 840.00 845.00 LT 1834.00 1811.00 1822.00 1840.00 1851.00 1869.00 M&M 634.00 626.00 630.00 634.00 638.00 642.00 MARUTI 1303.00 1262.00 1282.00 1298.00 1318.00 1333.00 NTPC 197.00 187.00 192.00 195.00 200.00 203.00 ONGC 1351.00 1296.00 1323.00 1348.00 1375.00 1400.00 PNB 1218.00 1189.00 1204.00 1216.00 1231.00 1243.00 POWERGRID 108.00 106.00 107.00 108.00 109.00 110.00 RANBAXY 521.00 513.00 517.00 520.00 524.00 526.00 RCOM 163.00 157.00 160.00 164.00 167.00 170.00 RELCAPITAL 791.00 775.00 783.00 788.00 796.00 802.00 RELIANCE 953.00 909.00 931.00 944.00 966.00 980.00 RELINFRA 1046.00 1019.00 1032.00 1041.00 1055.00 1064.00 RPOWER 159.00 154.00 156.00 159.00 161.00 163.00 SAIL 196.00 190.00 193.00 195.00 198.00 200.00 SBIN 2859.00 2738.00 2799.00 2835.00 2896.00 2932.00 SIEMENS 713.00 693.00 703.00 711.00 721.00 728.00 STER 164.00 158.00 161.00 163.00 166.00 168.00 SUNPHARMA 1729.00 1704.00 1716.00 1729.00 1741.00 1753.00 SUZLON 51.00 49.00 50.00 51.00 52.00 52.00 TATAMOTORS 1035.00 1011.00 1023.00 1032.00 1043.00 1052.00 TATAPOWER 1282.00 1236.00 1259.00 1273.00 1297.00 1311.00 TATASTEEL 576.00 531.00 553.00 565.00 588.00 600.00 TCS 855.00 831.00 843.00 850.00 863.00 870.00 UNITECH 84.00 81.00 82.00 83.00 84.00 85.00 WIPRO 405.00 398.00 402.00 405.00 408.00 411.00 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.