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WEEKLY
STOCKS REPORT

Markets In Bears Grip - Plunge After Decent Upmove !!

19th April 2010 to 24th Apr 2010
 Stocks Weekly Report
19th April to 24th Apr 2010
RESEARCH

WEEK WRAP
The 30-shares BSE Sensex closed at 17,591.18, down 48.08 NIFTY Properties Values
points and the 50-share NSE Nifty fell 11 points to 5,262.60. The
broader indices also closed marginally lower. The Nifty April Weekly Open 5363.80
futures also turned into discount, ended with 5.5 points premium
as per provisional data. The Nifty and Sensex were down 2% Weekly Low 5346.00
each this week.
Weekly High 5377.80
The benchmark Nifty closed with moderate losses and continued
the downtrend for fourth consecutive day. Overall it was a
consolidation session with a negative bias, after Thursday's sharp Weekly Close 5263.05
sell-off. Weak Asian cues also weighed on the markets.
Weekly Chg% -1.87%
The markets reported total turnover of Rs 92,869.97 crore. This
included Rs 12,582.46 crore from the NSE cash segment, Rs
Weekly Chg Points -100.75
75,829.74 crore from the NSE F&O and the balance Rs 4,457.77
crore from the BSE cash segment.

ASIAN & EMERGING MARKET World Close Weekly Chg % CHG

Indices Points
Asian technology stocks rose this week on speculation demand
for computers will climb, while commodity shares fell after China Sensex 17591.18 -341.96 -1.90%
moved to cool economic growth and Alcoa Inc. reported lower-
than-expected sales. Nifty 5263.05 -100.75 -1.87%
Asian currencies rose, with the Philippine peso and Singapore
dollar posting the best weeks in at least four months, after reports
DOW Jones 11018.16 +20.81 +0.18%
showed economic growth in the region is gathering pace.
Shanghai Com. 3130.30 -15.05 -0.47
Japanese bonds rose, completing the largest weekly gain in four
months, on speculation banks with excess cash bought debt to Nikkei 11102.18 -102.18 -0.91%
secure stable returns.
CAC 40 3986.63 -63.91 -1.57%
China's central bank pledged to immediately implement new
lending rules to cool real-estate speculation and one of its policy FTSE 5744.00 -27.00 -0.46%
advisers said the market is having its “last madness.”

China's stocks fell, extending declines to a second week, on

concern the government will take stronger measures to slow the
US MARKET
world's fastest-growing major economy. Stock-index futures rose
on the first day of trading.
India ordered overseas funds to provide ownership information
for money coming into Asia's third-largest equity market outside
Japan in an attempt to identify investors.
MICRO ECONOMIC FRONT
The Reserve Bank of India (RBI) Governor Duvvuri Subbarao will
meet Finance Minister Pranab Mukherjee on Friday evening ahead
of the central bank's monetary policy review next Tuesday, a
finance ministry source said.
India's gem and jewellery exports rose 16 percent in 2009/10
compared to the same period a year ago, driven by increased sales
of cut and polished diamonds.
State Bank of India, the country's top lender, does not expect
much of a hike in interest rates, Chairman O.P. Bhatt said on
Friday.
India's central bank may adopt a gradual and calibrated policy
tightening approach as the economy is still too early in the
economic cycle to risk growth momentum in the short-term,
Standard Chartered Bank said.
Stocks and commodities tumbled, while the dollar and Treasuries
gained, as Securities and Exchange Commission accusations of
fraud against Goldman Sachs Group Inc. triggered a flight from
riskier assets.
Goldman Sachs Group Inc. was sued by U.S. regulators for fraud
tied to collateralized debt obligations that contributed to the
worst financial crisis since the Great Depression. The firm's shares
tumbled 13 percent and financial stocks slumped.
Bank of America Corp., whose takeover of Merrill Lynch & Co. last
year drew fire from investors, regulators and lawmakers, leaned
on the new subsidiary to post its first profit in three quarters.
The value of Warren Buffett's options to buy Goldman Sachs
Group Inc. shares dropped by $950 million after regulators sued
the bank for misleading clients on the sale of securities tied to the
subprime mortgage market.
White House economic adviser Lawrence Summers said an
overhaul of financial regulation is likely to be approved by
Congress in coming months and voiced general support for a
proposal to place limits on derivatives trading by commercial
banks
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 Stocks Weekly Report
19th April to 24th Apr 2010
RESEARCH

Sectorial Indices
Indices Open High Low Close

BANK NIFTY 9661.20 9667.40 9266.15 9353.75

CNX NIFTY JUNIOR 11039.70 11060.30 10814.10 10862.45
S&P CNX 500 4426.10 4426.10 4330.00 4342.25
CN XIT 5969.10 6230.60 5960.15 6142.85
CNX MIDCAP 8005.05 8009.45 7865.75 7890.95
CNX 100 5214.35 5316.55 5182.30 5206.15

Gainers
Scrip Current Close Change Chg %
Barak Valeey 48.05 29.95 60.43
Alkyl Amine 99.65 69.60 43.17
Ramkri Forge 154.35 115.50 33.63
HOV Services 93.00 69.75 33.33
Technocraft 62.65 47.00 33.29

Losers
Scrip Current Close Change Chg %
Amrutanjan 965.45 1225.00 -21.18
SE Invest 133.80 163.50 -18.16
Syncom Healt 81.95 99.10 -17.30
Pradip Over 90.20 107.05 -15.74
GKB Ophthalm 65.15 76.20 -14.50

Till 9th April 2010 DII’s Investments

Indices Buy Value Sell Value Net Value
09-APR-2010 487.50 745.40 -257.90
08-APR-2010 463.80 827.70 -363.90
07-APR-2010 849.90 855.70 -06.00
06-APR-2010 694.50 842.20 -147.70
05-APR-2010 618.90 567.50 +51.40

FII’s Investments
Indices Buy Value Sell Value Net Value

16-APR-2010 3978.00 3634.90 343.10

15-APR-2010 3278.10 2670.30 607.80
13-APR-2010 2447.40 2202.90 244.50
12-APR-2010 2631.10 2373.40 257.70

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 Stocks Weekly Report
19th April to 24th Apr 2010
RESEARCH

WEEK AHEAD
Spot Nifty

Figure: 1 Nifty Weekly

TECHNICALS
NIFTY WITNESSED THE MODERATE LOSSES ON HIGHER
Properties Values
LEVELS AND WAS IN THE RANGE BOUND MOVEMENT FOR
THE WHOLE WEEK. IN THE DOWNSIDE THE NIFTY COULD Support 1 5175
GET THE GOOD SUPPORT CLOSE TO THE SUPPORT RANGE
Support 2 5085
OF 5175 TO 5200. CLOSING BELOW THIS MIGHT BE THE
INITIAL INDICATION OF TREND REVERSAL IN MARKET AND Resistance 1 5300
ONE NEED TO BE CAREFULL ABOUT THE LONG POSITION
Resistance 2 5380
THEN.IN THE UPSIDE STILL 5380 TO 5400 ZONE IS THE
CRUCIAL HURDLE FOR THE MARKET.

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 Stocks Weekly Report
19th April to 24th Apr 2010
RESEARCH

WEEK AHEAD
Bank Nifty

Figure: 1 Bank Nifty Weekly

TECHNICALS
BANK NIFTY IS LOOKING IN DOWNSIDE CONSOLIDATION
Properties Values
PHASE AND TRADING VERY CLOSE TO THE SUPPORT ZONE
OF 9250 TO 9265. CLOSING BELOW THIS SUPPORT ZONE Support 1 9165
MAY FURTHER DECLINE IT TILL THE LOWER LEVELS OF
Support 2 8985
9000 IN NEAR TERM. MOST OF THE BANKING STOCKS ARE
LOOKING WEEK EXCEPT HDFC BANK.IN THE BANK NIFTY Resistance 1 9575
WE MIGHT SEE THE DOWNSIDE MOVES FROM THE
Resistance 2 9685
CURRENT LEVELS AND COULD DRAG TO THE DOWNSIDE.

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 Stocks Weekly Report
19th April to 24th Apr 2010
RESEARCH

STOCK OF THE WEEK

SIEMENS
INDIA

L L
SE

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 Stocks Weekly Report
19th April to 24th Apr 2010
RESEARCH

Technical Picture

Stock

TECHNICALS
Indices SIEMENS INDIA
STOCK IS NOT SUSTAINING AT HIGHER LEVELS AND
LOOKING TO LOOSE ITS UPSIDE STRENGTH NOW AND WE Support 720
COULD SEE THE DOWNSIDE MOVES IN STOCK. THE
TECHNICAL INDICATORS LIKE MACD ALSO LOOKING TO
Resistance 766
CROSS THE SIGNAL LINE TO DOWNSIDE AND THE DECLINE
IN VOLUME ALSO INDICATING THAT THIS RALLY COULD BE
WEAKEN. IN THE STOCK WE RECOMMEND SHORT BELOW
THE LEVEL OF 720 FOR THE TG OF 710/700.

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 Stocks Weekly Report
19th April to 24th Apr 2010
RESEARCH

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