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RESEARCH

WEEKLY
STOCKS REPORT
Markets Tumble In Line With Global Peers

24th May 2010 to 29th May 2010

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 Weekly Report Stocks
Weekly
24th May to 29th May 2010 Agri Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

WEEK WRAP
At 15.33 hrs IST, the benchmark index Nifty ended on a flat note after a Values
gap down opening of 100 points. The US markets shed 4% on Thursday
NIFTY Properties
on negative economic data. The Indian markets recouped its entire losses
in today's trade shrugging off US markets jitters. Weekly Open 5093.90
The total turnover for the day was Rs 139752.05 crore. NSE F&O Weekly Low 4842.30
contributed Rs 120722.67 crore. In the cash segment, NSE Cash recorded
turnover of Rs 14697.09 crore while BSE Cash clocked Rs 4332.29 crore
The Sensex was down 85.36 points or 0.52% at 16434.32, and the Nifty Weekly High 5105.20
down 16.45 points or 0.33% at 4931.15. About 847 shares advanced,
2096 shares declined, and 352 shares were unchanged. Weekly Close 4931.15
The rupee recovered from its lowest level in six-and-a-half months on
Friday helped by dollar selling by exporters but losses in domestic shares
Weekly Chg% -3.19
and the U.S. unit's gains against some majors continued to weigh.
Weekly Chg Points -162.75
ASIAN & EMERGING MARKET
Asian stocks fell this week, dragging down the MSCI Asia Pacific Index by
the most since February 2009, after U.S. jobless claims unexpectedly rose
and concern grew that Europe will fail to stop its debt crisis from
spreading. World Weekly Chg
Close % CHG
Indices Points
Asian currencies slumped this week, with India's rupee and Malaysia's
ringgit sliding the most since the 1990s, as investors dumped emerging- Sensex 16445.61 -548.99 -3.23
market assets on concern Europe's debt crisis will derail the global
economic recovery.
Nifty 4931.15 -162.75 -3.19
Japan's 20-year bonds rose the most in 17 months as concern Europe's
fiscal crisis is worsening boosted demand for the relative safety of
DOW Jones 10193.39 -426.77 -4.02
government debt.

Bank of Japan Governor Shirakawa backed the European Central Bank's Shanghai Comp. 2583.52 -113.11 -4.19
efforts to defuse the sovereign-debt crisis while signaling it will “take
time” for the region's policy makers to calm unsettled markets.
Nikkei 9784.54 -677.97 -6.48
China's stocks gained, reversing earlier losses, as investors speculated the
government may hold off from raising interest rates as a slower U.S. CAC 40 3430.74 -129.62 -3.64
recovery and Europe's debt crisis threaten economic growth.

Japanese stocks fell, dragging key indexes to their biggest weekly drops in
FTSE 5062.93 -199.92 -3.80
more than a year, as rising U.S. unemployment and a deepening split in
Europe spurred concern the global economic recovery will stall.

Japan's Topix index will rebound to 1,150 by the end of this year as
concerns over Europe, the U.S. and China ease, said Kenichi Kubo, senior
US MARKET
fund manager at Tokio Marine Asset Management Co.
Federal Reserve Bank of New York President William Dudley said that while
the economic recovery is slower than desired he sees the start of
MICRO ECONOMIC FRONT substantial growth in employment.

India's foreign exchange reserves <INFXR=ECI> fell to $273.300 billion as The U.S. Treasury Department, majority owner of General Motors Co.,
of May 14, from $276.238 billion a week earlier, the central bank said in its selected Lazard Ltd. for advice on selling its investment, according to an
weekly statistical supplement on Friday. agreement made public today by the federal agency.

Mark Kurland, a co-founder of New Castle Funds LLC, was ordered to

India's M3 money supply <INM3MS=ECI> rose an annual 14.7 percent as
on May 7, unchanged from April 23, the central bank said on Friday.
India's central bank bought 6.02 billion rupees of bonds and sold 5.99
billion rupees of debt in the week to May. 14, it said in its weekly statistical
supplement on Friday.
serve 27 months in prison after pleading guilty in the Galleon Group LLC
insider-trading case, becoming the first defendant in the scheme to be
sentenced.
Wall Street banks, surprised that the Senate's financial overhaul passed
with language that could curtail their derivatives trading, are now hoping
the rule can be killed in Congressional negotiations.

India's federal government had outstanding loans of 307.52 billion rupees

from the central bank in the week ending May 14, the Reserve Bank of
India said in its weekly statistical supplement on Friday.

Indian bank loans <INLOAN=ECI> rose 17.2 percent on year as of May 7,

the central bank's weekly statistical supplement (WSS) showed on Friday
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 Weekly Report Stocks
Weekly
24th May to 29th May 2010 Agri Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Sectorial Indices
Indices Open High Low Close

BANK NIFTY 9485.35 9572.05 8969.20 9135.70

CNX NIFTY JUNIOR 10826.40 10975.85 10358.75 10507.10
S&P CNX 500 4192.10 4246.25 4044.65 4101.60
CN XIT 5827.40 5827.40 5554.00 5606.45
CNX MIDCAP 7825.75 7962.20 7505.35 7581.90
CNX 100 5027.50 5083.50 4822.00 4903.50

Gainers
Scrip Current Close Change Chg %
Bank of Rajasthan Ltd. 131.30 79.65 64.84
Whirlpool of India Ltd. 269.15 205.80 30.78
Zandu Pharma Wrk 3662.55 2838.35 29.03
Windsor Machines Ltd. 55.50 43.40 27.88
Gabriel India Ltd. 58.15 46.85 24.11

Losers
Scrip Current Close Change Chg %
Aban Offshor Ltd. 689.80 1017.05 -32.17
Nitesh Estates Ltd. 39.60 51.40 -22.95
Uttam Sugar Mills Ltd. 49.70 64.20 -22.58
Hydro S&S Industries Ltd. 52.60 67.90 -22.53
Educomp Solutions Ltd. 503.45 627.50 -19.76

DII’s Investments
Indices Buy Value Sell Value Net Value
19-MAY-2010 633.30 1045.90 -412.70
18-MAY-2010 797.90 703.20 94.60
17-MAY-2010 688.30 732.00 -43.60

FII’s Investments
Indices Buy Value Sell Value Net Value
21-MAY-2010 2153.00 2863.70 -710.70
20-MAY-2010 2433.30 3907.00 -1473.70
19-MAY-2010 2143.20 2582.20 -439.00
18-MAY-2010 1784.00 2815.60 -1031.60

17-MAY-2010 2262.60 2467.60 -204.90

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 Weekly Report Stocks
Weekly
24th May to 29th May 2010 Agri Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

WEEK AHEAD - Spot Nifty

Figure: 1 Nifty Weekly

TECHNICALS
NIFTY IS IN SHORT TERM DOWN TREND AND ON THE LAST
Properties Values
DAY IT MANAGED TO CLOSE ABOVE THE LEVEL OF 4900.
IN THIS WEEK WE MIGHT EXPECT SHORT TERM PULL BACK Support 1 4830
FROM THE CURRENT LEVELS AND COULD TAKE UP TILL
Support 2 4700
5100 TO 5110. BUT THIS WOULD NOT BE THE TREND
REVERSAL IT JUST COULD BE A SHORT TERM COUNTER Resistance 1 5120
RALLY. OVERALL STILL IT IS LOOKING TO DRAG TILL THE
Resistance 2 5215
LOWER LEVELS OF 4770 TO 4800 IN SHORT TERM. SO ONE
NEED TO WATCH OUT THE LEVEL OF 5100 AND 5200 AS
CRUCIAL RESISTANCE IF IT CLOSES ABOVE IT THE WE
COULD EXPECT SOME TREND REVERSAL IN IT.

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 Weekly Report Stocks
Weekly
24th May to 29th May 2010 Agri Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

WEEK AHEAD - Bank Nifty

Figure: 1 Bank Nifty Weekly

TECHNICALS
BANK NIFTY HAS FORMED THE SHORT TERM REVERSAL
Properties Values
CANDLESTICK FORMATION IN LONG TIME FRAME CHART
AND AS PER THE PRESENT TREND OF IT WE COULD EXPECT Support 1 8960
THE RANGE BOUND MOVEMENT IN IT FOR A WHILE WITH
Support 2 8825
SOME POSITIVE BIASNESS. ONE COULD SEE THE 9400 IS
THE KEY HURLDE FOR IT IN UPSIDE AND IN THE DOWNSIDE Resistance 1 9255
8950 TO 8960 LOOKING THE IMMIDIATE SUPPORT FOR IT.
Resistance 2 9400

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 Weekly Report Stocks
Weekly
24th May to 29th May 2010 Agri Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

STOCK OF THE
WEEK

HEG
LL
S E

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 Weekly Report Stocks
Weekly
24th May to 29th May 2010 Agri Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Technical Picture

Stock

TECHNICALS
STOCK CONTINUOUSLY FACING THE RESISTANCE ON Indices HEG
HIGHER LEVELS AND IN THIS WEEK IT MADE THE CLOSING
BELOW THE 200 DMA ALSO WHICH WAS THE GOOD Support 305
SUPPORT FOR THE STOCK. IN THE DOWNSIDE STOCK
Resistance 332
COULD MAKE THE MORE DOWNSIDE MOVES BELOW THE
LEVEL OF 305. WE RECOMMEND SHORT POSITION IN IT
BELOW 305 FOR THE TARGETS OF 300/295/285.

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 Weekly Report Stocks
Weekly
24th May to 29th May 2010 Agri Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

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