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GLOBAL RESEARCH LIMITED

W E E K L Y R E P O R T - E Q U I T Y M A R K E T
2 3 R D M AY - 2 7 T H M AY

Bears Got Slaughter, Bulls Won the Game !

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W E E K L Y R E P O R T - E Q U I T Y M A R K E T

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Markets moved higher due to short covering and rally in Larsen & Tourbo, boosted by brokerages upgrades after the
WEEK WRAP engineering conglomerate reported a 17% jump in the net quarterly net pr ofit.
The index touched a high of 5517 in the afternoon trades, but profit booking seeped in during the last leg of the day
after FMCG major ITC reported flattish quarterly earnings. The S&P CNX Nifty closed up 58 points, at 5,486 and the
benchmark Sensex ended up 185 points, at 18,326.
L&T, the bellwether engineering firm whose shares were trading sideways for the past few months saw continuous
buying interest after the result announcement was made yesterday afternoon. The stock surged over 10% in past two
sessions and closed near the day's high ar Rs 1656. According to reports, Royal Bank of Scotland put a buy rating from
hold and Goldman Sachs raised the target price to Rs 2,006 from Rs 1,987.

ASIAN & Asian stocks mostly rise, weak yen lifts Tokyo: Asian stocks were mixed on Friday with Tokyo suffering a late sell-off as
EMERGING traders grew nervous over the nation's utility companies and the state o f the economy.
MARKET
Nikkei edges higher in thin trade, BOJ meeting eyed: The Nikkei stock average edged up in thin trade on Friday but most
investors stuck to the sidelines ahead of the end of a Bank of Japan policy review, keen to see if there would be more
hints of central bank action to help the quake-hit economy.
Seoul shares bounce 0.8 pc, but foreign selling persists : Seoul shares rebounded on Friday after sharp falls in the
previous session, but a seventh straight session of foreign selling capped gains.

US stocks slip on euro-zone debt worries; Dow down 93 pts : US stocks fell on Friday on euro-zone debt worries that
US could spill over into next week's trading with a bearish note, while retailers lost ground after a weak profit outlook
MARKET
from Gap.
The S&P 500 remains hemmed in between technical support at 1,330 and resistance at 1,340, suggesting a lack of
direction and keeping the market vulnerable to events such as the uncertain outcome of the euro zone's debt
problems.
“The economic recovery and macro picture do seem to indicate a more protracted slow economic recovery long term,"
Trunow said. "Unless we see a great deal of positive surprises on economic indicators, I think some of these negative
events will continue to weigh on the market."

CPI at 106 points in April fruits, protein-based items up: Fruits and protein-based items became more expensive
MICRO
during April, though the overall Consumer Price Index (CPI) based on retail prices remained stable at 106 points
ECONOMIC
FRONT during the month.
Oil Ministry orders Reliance gas for core users: Rejecting the plea of steel makers, the Oil Ministry has ordered natural
gas produced from Reliance Industries' KG-D6 field to be first allotted to core users in power and fertiliser sector,
asserting it is competent to take such a decision.
Crude may affect growth, inflation under 8% by Aug: TCA Anant: The country's Chief Statistician T C A Anant toda y
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said high global crude prices could impact India's economic gr owth in 2011-12 and projected that the GDP is likely to
grow by around 8.5% during the fiscal. He also said that headline inflation will f all below the 8% mark by August-
September if the country receives a normal monsoon.

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NIFTY Properties Values World Indices Close Weekly Chg Points % Chg

WO R L D I N D I C E S
Weekly Open 5441.70 Sensex 18326.09 -205.19 -1.10%

Weekly High 5541.80 Nifty 5486.35 +44.45 +0.81%


NIFTY

Weekly Low 5401.25 DOW Jones 12572.04 -83.7 -0.66%

Weekly Close 5486.35 Shanghai Comp. 2858.38 -12.65 -0.44%

Weekly Chg Points +44.45 Nikkei 9607.08 -41.69 -0.43%


Weekly Chg% +0.81 CAC 40 3990.85 -28 -0.69%

FTSE 5948.49 +22.59 +0.38%

Indices Open High Low Close


S E CTO R I A L I N D I C E S

BANK NIFTY 10975 10975.15 10524.35 10664.10


CNX NIFTY JUNIOR 11191.35 11244.50 10222.70 11001.10

S&P CNX 500 4469.00 4469.00 4362.45 4411.90

CN XIT 6601.05 6640.15 6527.35 6615.40

CNX MIDCAP 8039 8047 7516 7873

CNX 100 5462.90 5462.90 5330.95 5402.45

Scrip Current Close Change Chg % Scrip Current Close Change Chg %

SHALIMR PAINT 476.50 327.10 45.67 EMPEE SUGAR 27.20 51.55 -47.23
GAINERS

LOSERS

SABERO ORGN 80.50 57.85 39.15 KWALITYDAIRY 72.25 106.20 -31.96

OSWAL CHEMFRT 81.90 68.50 19.56 TRF 409.00 574.25 -28.77

AMAR REMEDIE 109.85 92.35 18.94 SUMEET INDS 26.65 37.00 -27.97

BAL PHARMA 30.80 26.10 18.00 EXCEL CROP 174.50 239.20 -27.04

Indices Buy Value Sell Value Net Value Indices Buy Value Sell Value Net Value
D I I ’ S I N V E S T M E N TS

F I I ’ S I N V E S T M E N TS

11-May-2011 539.30 395.80 143.50 20-May-2011 2,112.10 2,119.20 -7.10

10-May-2011 456.80 321.30 135.50 19-May-2011 2,458.30 2,718.20 -259.90

09-May-2011 273.70 376.80 -103.20 18-May-2011 3,831.80 4,074.00 -242.30

16-May-2011 2,300.70 6,007.10 -3,706.40


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Week Ahead Spot Nifty

Figure: 1 Nifty Weekly


The Nifty futures closed and settled finally at 5484.60, up by 59.80 points or 1.10 %. It is Properties Values

looking bullish in the coming trading session if it manages to trade below the support level TECHNICALS Support 1 5385
Support 2 5310
of 5385 else above resistance level of 5540 it would be in an upward trend.
Resistance 1 5540
Resistance 2 5625

Week Ahead Bank Nifty


Figure: Bank Nifty Weekly

Figure: 2 Bank Nifty Weekly

Properties Values
TECHNICALS

Bank Nifty Futures shut stop at 10666.25 up by 120.65 points or 1.14 %. It is looking
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Support 1 10510
bullish in the coming trading session if it manages to trade above the resistance level Support 2 10370
of 10745 else below support level of 10510 it would be in a downward trend. Resistance 1 10745
Resistance 2 10980

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GLOBAL RESEARCH LIMITED

S t o c k o f t h e W e e k

B H U S H A N S T E E L LT D .

Buy
Symbol Company Name Price Change Volume 52 Week High % From High Day High EPS

BHUSANSTL (NSE) BHUSHAN STEEL LTD. `453.95 `9.35 254724 527.90 -14.01% 456 48.65

BHUSHAN STEEL IS IN CONSOLIDATION PHASE FROM LAST FEW TRADING SESSION.


TECHNICALS

Indices BHUSHAN STEEL

.IF IT MANAGES TO SUSTAIN ABOVE 460 IT WILL TAKE UP MOVE .WE RECOMMEND TO Support 453
Resistance 460
BUY BHUSHAN STEEL IN CASH ABOVE 460 TARGET 464.90,471,480 WITH STOP LOSS
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OF 453 .

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CAN SLIM
CAN SLIM
KEY STATISTICS

C Current Quarter Earning per Share. The Higher The Better.


WHY CAN SLIM?

Primary Factors
Almost 2.65% increase in Q o Q Earnings.

A Annual Earnings Increases: Look for a significant growth.


Primary Factors
Annual Earnings showed an increment of 100.75% Y o Y.

N New Products, New Management, New Highs, Buying at


Right Time.
Primary Factors
BHUSHAN STEEL LTD. is set to have a breakout as it is being
consolidating with positive biasness after a bearish trend
previously.
“CAN SLIM is a formula created by
William J. O'Neil, who is the founder
of the Investor's Business Daily and
author of the book How to Make S Supply and Demand: Shares Outstanding Plus Big Volume
Demand.
Money in Stocks - A Winning System Primary Factors
in Good Times or Bad.
BHUSHAN STEEL LTD. is a mid cap stock consisting of Rs. 6731.12
crores Shares Outstanding (Total Public Shareholding)
Each letter in CAN SLIM stands for
one of the seven chief
characteristics that are commonly
found in the greatest winning
stocks. The C-A-N-S-L-I-M.
L Leader or Laggard: Which is your stock?
Primary Factors
BHUSHAN STEEL LTD. is a leading stock with a relative strength
above 51.79% in Weekly and 42.27% in Daily.
characteristics are often present
prior to a stock making a significant
rise in price, and making huge
profits for the shareholders! I Institutional Sponsorship: Follow the Leaders.
Primary Factors
Approximately 69.15% of Shares are held by the Institutional
O'Neil explains how he conducted Investors (FII”s, Mutual Funds etc.)
an intensive study of 500 of the
biggest winners in the stock market
from 1953 to 1990. A model of each
of these companies was built and
M Market Direction
Primary Factors
studied. Again and again, it was
noticed that almost all of the If Market continues to remain in a secular uptrend, hence overall
biggest stock market winners had conditions are appropriate to initiate long position in the stock: A Big
very similar characteristics just plus for the Stock.
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before they began their big moves.”

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