technical report - june 23, 2010

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Nifty Sensex Stocks % Gain Stocks % Loss Sector % G / L Open 5354 17868 BPCL 4.73 HCLTECH 2.72 METAL (1.90) High 5354 17868 RANBAXY 2.49 ACC 2.44 IT (1.24) Low 5311 17726 ITC 1.14 JPASSOCIATE 2.32 TECK (1.03) Close 5317 17750 HINDUNILVR 1.14 STER 2.32 BANKEX (0.81) % Chg (0.69) (0.71) UNITECH 1.09 TATASTEEL 2.16 CD 1.01 Source : Falcon Date : 23/06/2010 Market Summary Indices Top 5 Gainers Top 5 Losers Sectoral Watch Stocks +ve Bias Stocks -ve Bias Markets opened on a flat note and traded with negative bias through the day to close in red. As of now there is no weakness on the daily charts but a consolidation of the gains or a minor correction cannot be ruled out. In the coming trading session if indices trade convincingly below 17700 / 5300 levels then it is likely to test 17654 – 17525 / 5266 – 5245 levels. On the upside momentum would resume only once the resistance levels of 17853 – 17900 / 5350 – 5364 are crossed. Karnataka Bank SENSEX DLY CHART 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.

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Page 1: Technical Report - June 23, 2010

Nifty Sensex Stocks % Gain Stocks % Loss Sector % G / LOpen 5354 17868 BPCL 4.73 HCLTECH 2.72 METAL (1.90)High 5354 17868 RANBAXY 2.49 ACC 2.44 IT (1.24)Low 5311 17726 ITC 1.14 JPASSOCIATE 2.32 TECK (1.03)Close 5317 17750 HINDUNILVR 1.14 STER 2.32 BANKEX (0.81)% Chg (0.69) (0.71) UNITECH 1.09 TATASTEEL 2.16 CD 1.01

Source : Falcon

Date : 23/06/2010

Market SummaryIndices Top 5 Gainers Top 5 Losers Sectoral Watch

Stocks +ve Bias Stocks -ve Bias

Markets opened on a flat note and traded with negative bias through the day to close in red. As of now there is no weakness on the daily charts but a consolidation of the gains or a minor correction cannot be ruled out. In the coming trading session if indices trade convincingly below 17700 / 5300 levels then it is likely to test 17654 – 17525 / 5266 – 5245 levels. On the upside momentum would resume only once the resistance levels of 17853 – 17900 / 5350 – 5364 are crossed.

Karnataka Bank

SENSEX DLY CHART

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.

Page 2: Technical Report - June 23, 2010

SENSEXNIFTYABBACCAMBUJACEMAXISBANKBHARTIARTLBHELBPCLCAIRNCIPLADLFGAILHCLTECHHDFCHDFCBANKHEROHONDAHINDALCOHINDUNILVRICICIBANKIDEAIDFCINFOSYSTCHITCJINDALSTELJPASSOCIATKOTAKBANKLTM&MMARUTINTPCONGCPNBPOWERGRIDRANBAXYRCOMRELCAPITALRELIANCERELINFRARPOWERSAILSBINSIEMENSSTERSUNPHARMASUZLONTATAMOTORSTATAPOWERTATASTEELTCSUNITECHWIPRO

PIVOTSStocks Close S2 S1 R2Pivot R1

17750.00

262.00

118.001225.00

862.005284.00

1215.00260.00

17639.00

117.00

17924.0017694.00 17837.005344.00 5371.00

17781.005327.005300.005317.00

120.00

871.00876.00853.00

853.00844.00

119.00862.00

891.00

333.00

264.00

881.00872.00867.00

2422.00

300.00335.00

266.00

466.00 468.00373.00

288.00471.00

284.00 286.00

1236.00

336.00305.00

2950.00366.00

2411.00515.00

2434.00258.00

380.00

550.00

2979.00

55.00

2020.00

262.00

1987.00

892.00

1242.00119.00

1252.00

458.00

302.00 294.00

1972.00

148.001998.00

152.00254.00878.0054.00

1143.00

181.00

1047.00

1350.00

1176.00

101.00

747.00

166.00

633.00

661.00

793.00

619.00

2736.00

671.00130.00

1825.00

127.00

170.002767.00

1197.00

1369.00200.00

2355.00

1046.00103.00

170.00

186.00

199.00

1064.001171.00

762.00

391.0071.00

736.00

1762.0056.00

174.00717.00

179.00

766.00

782.00

399.0073.00

772.00

1311.00

406.0074.00

779.00

798.00

494.001322.00

482.00 488.00

790.00

176.00

1301.00

1746.001730.0056.0056.00

1157.00

755.001056.00

438.00 448.00183.00

1790.00776.00

726.002338.00

169.00

2322.00196.00 197.00

199.00

167.00

198.001187.00

1038.00 1042.00

407.00

735.002366.00

74.00

800.00

180.00

779.00

1321.00498.00

57.00

1199.00

171.00

1765.00

1178.00

1046.00

455.00103.00

199.00

187.00

168.00

1824.00796.00

626.00

785.001808.00

102.00

2752.00

764.001065.00

54.00

303.00

200.001359.00

129.00666.00298.00

636.001370.00

532.00

885.00

1980.002009.00

2964.00

150.00258.00

337.00

55.00

262.00 265.00

2439.00562.00

307.00

2450.00

310.00544.00

1990.00

474.00384.00

677.00

153.00152.002021.00

301.00

171.00

895.00

289.00

391.00472.00

2981.00 2996.00

132.00

2775.00

672.00

804.00

2791.00

133.00

305.00

190.00

1050.00

466.00

643.001379.00201.00

104.00

1073.00771.00

744.00

201.00172.00

1192.00

2382.00

182.00

786.00

1800.00185.00

514.00793.00

1341.00

1781.00

415.00

808.0057.00

423.0076.00

504.001331.00

77.00

817.00

339.00292.00

890.00

342.00

1268.00121.00

269.002466.00

315.00

3012.00

573.00

402.00477.00295.00

683.00307.00

155.00

2815.00

2007.00

56.00

269.00

176.00

913.00

2044.00

652.001857.00816.00

55.00

1997.00

1209.00

1841.00

173.00

2032.00

902.00

136.00

193.00473.00

1390.00

1213.001083.00

203.00

202.00

781.00

104.001054.001222.00

2410.00752.00

58.00

174.00

For Private Circulation Only.

Page 3: Technical Report - June 23, 2010

Brijesh Ail

Recipients of this material should rely on their own investigations and take their own professional advice. Each recipient of this document should makesuch investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in thisdocument (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment. Priceand value of the investments referred to in this material may go up or down. Past performance is not a guide for future performance. Certaintransactions - futures, options and other derivatives as well as non-investment grade securities - involve substantial risks and are not suitable for allinvestors. Reports based on technical analysis centers on studying charts of a stock's price movement and trading volume, as opposed to focusing on acompany's fundamentals and as such, may not match with a report on a company's fundamentals.

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Shardul Kulkarni

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Technical AnalystHead - Technicals

For Private Circulation Only.