Vol. 3 Issue : 14 Date : 30-05-2010 to 05-06-2010 Editor : Narendra Joshi Sub.

Sub.Editor : Sharad Kotak Mobile:9825065387 Address : 115/991, Nirmal Apartment, Telephone Exchange Road, Naranpura, Ahmedabad -380013 Phone : 27451449

FINANCIAL, SHIPPING & LIQUOR STOCKS WILL OUT PERFORM THIS WEEK.

10 MONTH OLD UP TREND CHANNEL SUPPORT AT 4860

WHAT HAS HAPPENED IN GREECE TILL NOW

13

Astrology & Market

Nifty sutra

Dinesh Nagpal

PROMISING START TO JUNE SERIES

29/05/2010. The May series ended on a positive note as our market rallied near the expiry backed by strong global markets. The market took support on the demand trendline at lower end of the rising channel in which the market is moving for the past six months. Both Sensex and Nifty after trading below the 200dma for a few days rebounded and closed the week above their respective 200dma

Money Flow Index (MFI)

Introduction The Money Flow Index (MFI) is a momentum indicator that is similar to the Relative Strength Index (RSI). BUT, MFI is a more rigid indicator and is therefore a good measure of the strength of money flowing in and out of a security. It compares positive money flow to negative money flow to create an indicator The MFI can be interpreted much like the in that it can Technical Analysis RSI signal diverfor Traders gences and www.stockacademy.co.in o v e r b o u g h t / Mo. No. 09820920530 oversold condiSanjay Lad,(Mumbai) tions. Divergences the strength or weakPositive and negative ness of a trend. Like the RSI, the MFI is mea- divergences between sured on a 0 - 100 scale the stock and the MFI and is often calculated can be used as buy and sell signals respectively using a 14 day period. Use Continue on .......8 that can be compared to price in order to identify

(Sensex 16765 and Nifty 5001); which is a positive sign. Currently the market is correcting the recent fall and is in pullback mode. Now it is headed to test the resistances at 100dma (Sensex 17053 and Nifty 5104) and then 50dma (Sensex 17316 and Nifty 5188). Only on close above the 50dma, the medium term trend

will turn up. BILLIONAIRE BROTHERS PATCH UP.

scrap the contentious NonCompete agreement

The decision by Ambani Bros to dump their differences and

was almost like an anti-climax to one of

Continue on .....7

Global Market to drag Indian markets soon Sugar & Realty to show strength.
Nifty has closed positive +135 points this week after making panic low of 4786 which looks fancy and rebounded and 5095 forms a important level as it is 50% retracement of the down move from 5399 to 4786 and 200DMA(Simple) 5095 would be important level to watch. Recovery was due to ued any recovery can see selling pressure as Global crisis is refusing to fade a w a y with Fitch down-

Weekly Review for the Week May 31st to June 4th 2010
and close around the 5000 mark until F&O Nifty: (5067) expiry but 4830 Sensex: is a strong sup(16863) port to with 28.05.10 The market We said unfolded yet Technically PRAKASH GABA gain as exthe market is CFT, MSTA (Londen) pected and has still weak but A professional Technical Analyst and a closed above can bounce Trader based in Bombay & Runs his own consultancy http:// www.prakashgaba.com the 5000 mark. from here due Email:prakashgaba@hotmail.com to F&O expiry Tel : 093222-10907 Continue on 7

A.K. Prabhakar
Website: info@akprabhakar.com akprabhakar.equity@gmail.com www.akprabhakar.com

Equity Analyst

Weekly Review

short covering and positive global cues as market if fully val-

grading Spain rating. Monsoons Arrival in

2
recovered almost 300 points from the trend reversal date so this is the power of analysis if you trade blindly then you will loose money. Now what next in I assume from 18048 to 15960 sensex has complete first down wave and this is second corrective structure up and sensex can rise till 17250 to 17450 and thereafter we may see again correction. NIFTY I assume from 5398 to 4786 nifty has complete first down wave and this is second corrective structure up and nifty can rise till 5200 to 5250 and thereafter we may see again correction. TIME SERIES ANALYSIS As per time series next turning point are on 1st Jun, 4th Jun if market dose not fall on or before this date then next turning date will be 13th Jun DOW JONES Based on weekly chart wave formation down jones has complete 3 up and 2 wave down structure and now in a-b-c flat correction and has also breached last lower bottom of 9835 now can rise in corrective structure but rise will be limited to below 11258. FTSE Based on weekly chart wave formation FTSE has complete 3 up and 2 wave down structure and now in a-b-c flat correction and has also breached last lower bottom of 5033 now can rise in corrective structure but rise will be limited to below 5834

30-05-2010 to 05-06-2010

sensex can rise till 17250 to 17450 and thereafter we may see again correction
W E E K L Y REPORT USA AND E U R O P E MARKET IN a-b-c flat correction rise will be limited

In my last weekly report I have given analysis based on TIME SERIES and it was clearly written as per time series on 26th may market may take U turn and sensex recovered almost 1000 points and nifty

market? Let me give you analysis based on short term wave structure levels and time series trend reversal dates. SHORT TREM W A V E STRUCTURE SENSEX

123456789012345678901234567890 123456789012345678901234567890 123456789012345678901234567890 MOMENTUM CALLS 123456789012345678901234567890 123456789012345678901234567890 123456789012345678901234567890 Below are some option strategies for vola123456789012345678901234567890 tile and neutral movement of market and car123456789012345678901234567890 123456789012345678901234567890 ries significant risk and traders should not take 123456789012345678901234567890 123456789012345678901234567890 exposure in all strategy but trade in any one. 123456789012345678901234567890 (1) FIRST STRATEGY-for neutral market 123456789012345678901234567890 123456789012345678901234567890 movements. 123456789012345678901234567890 Buy one lot of nifty 5000 call option CMP 123456789012345678901234567890 123456789012345678901234567890 146 123456789012345678901234567890 Buy one lot of nifty 5200 call option CMP 51 123456789012345678901234567890 123456789012345678901234567890 Sell two lot of nifty 5100 call option CMP 91 123456789012345678901234567890 Breakeven levels up side above 5185/down 123456789012345678901234567890 123456789012345678901234567890 side below 5015 123456789012345678901234567890 123456789012345678901234567890 (2) SECOND STRATEGY-for volatile 123456789012345678901234567890 market movements. 123456789012345678901234567890 123456789012345678901234567890 Buy 1 lot of nifty 5100 call option CMP 91 123456789012345678901234567890 123456789012345678901234567890 Buy 1 lot of nifty 4900 put option CMP 83 123456789012345678901234567890 Breakeven levels up side above 5274/down 123456789012345678901234567890 123456789012345678901234567890 side below 4726 123456789012345678901234567890 (3) THIRD STRATEGY for volatile mar123456789012345678901234567890 123456789012345678901234567890 ket movements. 123456789012345678901234567890 123456789012345678901234567890 Buy 1 lot of nifty 5000 call CMP 113 123456789012345678901234567890 Buy 1 lot of nifty 5000 put CMP 147 123456789012345678901234567890 123456789012345678901234567890 Breakeven levels up side above 5260/down 123456789012345678901234567890 123456789012345678901234567890 side below 4740

Metal stock to move up

As per Astro economics this week is represented by planet known as Jupiter. This week of (wef 31st May. 2010 to 04th June 2010).This week Mars in Singh Rashi. Saturn is in Kanya, Sun Varashab, and Jupiter will be in Meen Rashi. All these combinations of different planets indicating volatile but positive movement in Indian stock market. Our advance predictions made in previous week about volatility but positive movement in Indian stock market once again proved correct. Recommended stock Mahindra & Mahindra , ABB were among top news whole week . Hope all my readers must have enjoyed big profit. Please compare financial astrology and other system of market analysis. Financial astrology dont support any market view with if and but. Previous whole week all Tv channel and market expert were saying that due to Europe for daily recommendation and watch online personal TV channel every day for intraday trading. Now this week Indian stock market is expected to show positive movement in banking, power, and fertilizer stocks may see buying interest. . It is time to trade in sectors specific rather then keep eyes on nifty levels. Following stocks may consider for short term investment only on dip. Now as per financial astrology following stocks may be kept under observations from Tuesday onward for short term trading (1) NFL (2) Sterlite Ind (3) Hind copper (4) RCF(5) Suzlone energy Ltd(6) SBI This week may bring positive news for Varshab

GDP data and Monsoon to be next triggers, Spain downgrade to impact negatively
Nifty has closed to go past this level started showing big higher by 135 points would bring selling once volumes and shortthis week at 5066 and again into play. Nifty term bounce looks poslast 3 sessions pullback breaking 4900 would be sible. Buy around Rs 244-247 for target Rs rally has been strong. a panic situation. 267-270, keep stops But going ahead below Rs 230. global worries C A N A R A would pressurize BANK (Rs 398):the markets The stock trades negatively and CFA below important rally may not susPh: 98506 95994 short-term moving tain for a long EMail: tgp81@in.com averages and next time. Spain has support would be been down- Web Blog : www.tanmaygopal.com graded by Fitch and TATACOMM (Rs only 200DEMA at Rs the widely anticipated 247):- The stock has 370. Stock is failing to downgrade followed a been in steady move higher even in warning by a Euro- downtrend for the last market pullback and pean Central Bank one year and so far it looks weak. Sell Rs policymaker that hasnt participated in 397-399 for target Rs Europes predicament the overall market rally 370. Keep stops above could spread to other also. Now the stock has Continue on ....5 regions while labor unions threatened FOR ASTROLOGICAL PREDICTIONS ON strikes and investSTOCK MARKET - PLEASE VISIT AT ment banks were hurting. Nifty as long http//www.astrostocktips.in as remains below 5200 the trend would TEL NO remain as a pullback 9810018438- 9810056543 rally only and failure

Hot Talk Tanmay G Purohit

factor Indian market may see big down ward move and nifty may break levels 4500 and below . But financial astrology said that Indian stock market looks volatile but positive .Now result is with you. You are advised to visit my web site www.stromoneyguru.com a n d www.futurebazaronline.com

AVAILABLE IN ENGLISH AND GUJARATI LANGUAGE

30-05-2010 to 05-06-2010

3
resulting in financial losses, depending on its position in i n d i v i d u a l h o r o s c o p e . Persons with Gemini, Virgo & Libra rashi need to be extra vigilant. BE CAUTIOUS : Heavy volatility to continue. During the week FINANCIAL sector will be getting

FINANCIAL, SHIPPING & LIQUOR STOCKS WILL OUT PERFORM THIS WEEK
31st May-5th June 2010 W e e k l y planetary position: During the week , Moon will be transiting in Sagittarius, Capricorn & Aquarius, Mercury in Aries, Venus in Gemini, Mars in Leo. Ketu in Gemini, Saturn in Virgo, Rahu & Pluto in Sagittarius, Neptune in Aquarius, Jupiter & Uranus in Pisces. P L A N E T MERCURY, which controls our mind, will be transiting in Aries from 30th March 10 to 6th June 10. During this period it will be in retrograde position from 18th April to 12th May. Be CAUTIOUS, as one is likely to take wrong decisions, s t r o n g ASTROLOGICAL SUPPORT. Buy TITAN & MCDOWEL good demand in FINANCIAL & PHARMA stocks. In BANKING FEDERAL, YES BANK, ANDHRA BANK, BOB, UCO, INDIAN BANK, SOUTH INDIAN appreciated by 6-8%. Among FINANCE, LIC HSG, HDFC & DEVAN HSG by 27%. BSE BANKEX was the best performing indices on 27th May. In PHARMA- BIOCON, LIPIN, Dr REDDY, DEVIS LAB, IPCA & PIRAMAL HEALTH appreciated by 2-8%.

ASTROLOGY & STOCK MARKET SATISH GUPTA

http://www.astrostocktips.in e mail:astrostocktips@rediffmail.com

MOBILE : 09811738366 - 09810018438

support. In this segment one can watch for, LIC HOUSING, GIC HOUSING, HDFC, INDIAN BANK, HDFC BANK, YES BANK, UCO etc. 1st JUNE 2010 is favorable day for this sector. SHIPPING sector will also be getting strong ASTRO support. Keep close watch on GE S H I P P I N G , SHIPPING CORPN & PIPAVAV SHIPYARD etc. WATCHES & LIQUOR sectors will be getting extra ordinary ASTRO on dips. PHARMA will continue to get strong ASTRO support. LAST WEEKS PREDICTION : As predicted, there was

BE EXTRA CAUTIOUS
New Samvat 2067 (Hindu New Year) have started from 16th march 2010. Whenever New Samvat starts, based on planetary position / conjunction & aspect among planets, some new sectors commence out performing & many sectors, which were in momentum during last samvat start under performing. It has been observed many times that investors / traders (not knowing this fact) keep investing / trading in such sectors,( whose astrological support is over) resulting in losses. For example, SUGAR stocks (which were predicted by us 12 months back) have been in down trend after the New Samvat started, whereas Nifty is making new 52 weeks high. Similarly, despite all possible support & great future plans /huge investments by government in INFRASTRUCTURE, substantial orders, excellent results- this sector under performed during last samvat. It is advised to be extra cautious every year, when new samvat starts & consult your financial astrologer before taking any investment/ trading decisions about sectors. PAPER SECTOR WILL OUT PERFORM DURING PRESENT SAMVAT

ACCURATE PREDICTION:
With the blessings of Lord Ganesha, it was predicted by us on 15th April 2010 WATCHES stocks will out perform, carry long position in TITAN. Despite heavy volatility with down ward bias & panic like situation TITAN appreciated by 19.4% in one month. On 14th May 2010, when NIFTY was down by 100 points, it made new high & closed positive by 1.5%. Sectors which get strong ASTRO support are not normally affected by downfall in the market.

Thank God, May is over!

Well, almost. Only a day left for us while for Western nations, its finally over. Our indices are down almost 4% for the month while for others it has been far worse. Most of the global indices are down anywhere between 6-8% with S&P 500 down slightly more than 8%. But, important question is whether the worst is over? While global situation continues to be tricky as Spain also gets a thumbs down from rating agencies, locally things have been getting better through last few weeks. But since, we are also a part of one big global village we have also been afflicted by this pullout syndrome. FIIs have been fleeing stocks even as domestic institutions continue to lap up bargains from amongst the heavyweights. Technically, 48004840 support has held thus far though this level was severely tested during the week. Domestic support as well as short covering helped in pulling out Nifty from lows are concerned, we may continue to flirt around lows so far as global situation remains tricky. As of now immediate Equity Star support Website: is seen www.equitystrategists.com a r o u n d Mob: 9899252034 4980 and t h e n around 2.5%. We have been 4930-40. While nothing advocating strong cannot be ruled out support around 4800 completely it seems for past couple of unlikely that we would weeks and it has held breach 4830-4850 so far. We believe that again in near future. while we may have F inancial sector has seen worst as far as turned out to be the just below 4800 to above 5050 for a weekly gain of over

Jatinder Sharma

strongest one during the corrective phase and its likely that we might see continued outperformance from stock from this sector. Some stocks that are looking strong are LIC Hsg, Federal bank, Andhra Bank, Uco and Vijaya Bank. Healthcare is another that held its ground and here certain stocks like Biocon, DrReddys, SunPharma and Ranbaxy are looking good. Reliance pack saw significant development over last week and there are certain stocks like RIL and Reliance Infra that

might come out of the under-performing spell and could give significant returns over next 6-8 weeks. One could accumulate both these stocks on bad days. Metals remain in a tricky territory despite witnessing most damage during this correction. Global situation would continue to keep them in volatile territory and whilst most metal front liners may have seen the worst, the trading pattern might remain fragile. Investors with slightly higher risk profile
Continue on .....8

GUJARATI HARD COPY AVAILABLE IN MUMBAI & GUJARAT

30-05-2010 to 05-06-2010

SENSEX MOVE TO A NEW BOTTOM

Indias Famous To Last Any High Levels. 185 To Get Target 159 Now. Short Term Strong Sign Of M&M Where SENSEX Can Be And Global Markets (Short Company 147. Keep Traders Book Profit At Covering),Compromise Declared To Take Part Create A New Bottom. Continue A Sell Every Declines. Between Ambani About 55.2 % In A Un Expectable Some Position. If It Break 159 SHORT TERM TO Brothers, Little Produced To Electric High Levels Will Look In So Will Looking Big LONG TERM ROCKING Reduction In Inflation Car Company REVA. Value Buy Stocks In Correction In It And CALL To And Future Expiry Of According ELECON ENG (BSE May So Last Week Pull Agreement M&M Will CODE 505700)(78.10) Raily Has Been In Indian Buy Equity Part From Buy At Any Declines Stock Market. In Promoters Of REVA Rate Near 73 for SENSEX 417.45 Points Electrical Car Company Objective of 85 and 100 And NIFT 135.40 Points And Invest More 45 area. If it Close above Good Add Up Looked At Crore In Company. 85 Then Should Stock Last Week. Last Week After Of This Deal Will Lead at 100 area. Strict We Said Clearly By Change Name Of REVA Stop Loss At 67 Area. Head Line If NIFTY And Re Name Will Be The Company Reva Next Duration. SENSEX Stock Will Be Go At 147 Concerted With Heavy Break Its Crucial Mahindra Vehicle Crucial Support 16381 Level. Technically Stock Engineering Sector. Support Of 4836 In Electrical Middle So Every Small Company Ltd. This New And Crucial Resistance Shows Weakness In Company Produced All High Will Looking Big Starting Of M&M Will Is 17267 When NIFTY Short Term Charts. The The Type Of Selling Pressure But Approve A Very Very Crucial Support 4979 Stock Create Mechanical Handling NIFTY Did Not Break Important In Electrical And Crucial Resistance Symmetrical Triangle In Equipment Like Is 5128 For Next Week. A Down Trend Format Bucket, That Crucial Support Car Market. Elevators, Economic Problem Now Its Advisable For In End Of Week. On Belts, Cavorts, Gravity And Create Bullish Trend From There. Last Week NIFTY LAST WEEK RECOMODATIONS THUNDER PERFORMANCE Achieved Our Both STOCKS RETURN TIME NOTE Side All UNION BANK 7 % Above Just Two Days Investor Got A First Target When Sell It At Targets. Last (299 To 276) Every High To See A Movement Of Market. W e e k MANALI PETRO 1 % Above Just One Day Last Your Long Term Investment. Invest At S E N S E X (9.69 TO 9.84) Every Declines. Closed At LINCOLN (31 TO 32) 3 % Above Just Two Days Ignore To Market And Hold 1 6 8 6 3 . 0 6 PHARMA Your Long Term Investment. Any Time Stock And NIFTY Will Be Rocking. C l o s e d Continue In Euro Zone Long Term Investors To Weekly Chart Stock Roars, Beg Filling 5066.55. Both Side Keep Your Investment Create Symmetrical Machine, Stacking And Biggest Group Of And Country Ambani Movement Of Global Some Limited. Triangle In A Up Trend Over Head Chair S E N S E X With Short Covering Converse Etc. Company Brothers Mukesh Equity Market But Ambani And Anil Between In This ( 1 6 8 6 3 . 5 5 ) 1 6 9 5 4 Format. Monthly Chart Yearly And Quarterly Amabani Re Again Situation GOLD Rate ABOVE 17060, 17168, Create Rectangle Result Are Good. Shake Hand With A New Gone At TOP For Last 17267 AND 17355 Triangle In A Down Company Pay Every And Simple Week. Where Gold Per .WHEN 16757 BELOW Trend Format. When Year 75 % Dividend Agreement. Supreme 10 Grams Crossed 16649, 16543, 16381 Head Shoulder As A Regularly. Company Court Given Time Of 16 19000 Levels In Indian AND 16185 WILL BE Reversal In A Up Trend Also Given 1:2 Bonus In Weeks To Compromise Market And Silver Also LOOKING Recently Format On Long Term 2007. NIFTY (5066.55) Charts. Small High Company PE Ratio Is But Both Brothers Crossed 30000 Levels. Next Week Market 5077 ABOVE 5103, 5128, Levels Looked By Short 10.95 % It Is Below From Compromised In Just 16 Days And Given Un Can Be Start With 5147 AND 5181 WHEN Covering In This Stock Industrial 23.07 PE Expected And Happy Negative Figure When 5048 BELOW 5023, 4997, In End Of Week But End Ratio. Company Has A Wonder To Corporate First Day Of Week 4979 AND 4957 WILL BE Of Week Negative Good Cash On Hand. World. All The Stock Of Some Volatility Will LOOKING. Open Interest Was -2.35 Technically Stock Short Reliance Pack Has Been Look Also. Some High ROCKING FUTURE Around Who Shows Term Chart Create Bullish From This News Levels Also Looking In CALL Weakness Of Stock. Its Positive Consolidation At Starting Of Week But Middle Of Week. If N A G A R J U N A Not Advisable To Structure. Companys We Thing Technically NIFTY Break Crucial C O N S T R U C T I O N Invest In Construction Main Point Is Mr Keep Your Investment Support Of 4947 In (172.00) Sell At Any And Contracting Stocks Chirayu Amin Is With Limited Quantity Second Day Of Week So High Near 177 With For Short Term And Including Board Of It Can Be Very Difficult Important Resisatce Long Term Investors Directors Who Is In ADAG Group. Appointed In IPL As A Chairman Recently. The Stock On Long Term Chart Create A Bull Flag In A Up Trend Format. Who Shows Good Bullish Sign For Long Term In This Stock. Keep Your Long Term Investment In Limited Quantity. Short Term Investors Book Profit At Every High. VADILAL IND (BSE CODE 519156)(86.00) Buy At Any Declines Rate Near 82 for Objective of 98 and 107 area. If it Close above 98 Then Should Stock Lead at 107 area. Strict Stop Loss At. 78 Area. The Company Concerted With IceCream, Candy, Frozen Fruits And Vegetables From 12 June 1961. Company Main Office Set Up In Ahemdabad (Gujarat). Company Yearly And Quarterly Result Are Good. Good Advancement Looking Day To Day In Companys Operating Profit. Company PE Ratio Is 10.75 % It Is Below From Industrial 36.26 PE Ratio. Every Year Company Pays 12% Above Dividend Regularly. Big Bulls Rakesh JunJunWala Has Big Part In This Company. Technically Stock Create Bullish Trend Movement On Short Term Chart. When Long Term Chart Create Symmetrical Triangle In A Up Trend Format. Who Gives Sign To Invest For Short To Long Term Investment. Short Term To Long Term Investors Can Invest In Just Limited Quantity. Short Term Investors Book Prfoit At Every High.

ITS OPPORTUNITY FOR F&O PLAYERS TO MAKE

A LOT OF MONEY IN THIS BOTH SIDE MOVEMENT OF MARKET

MORE THAN 4.5 LACS READER WORLD WIDE

30-05-2010 to 05-06-2010

5
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Gold will stick around higher Nifty level where base metal should Sup. 4920 remain range bound
Last week gold remained range bound on international market , where on the mcx it has kissed new record level ,crude oil bounce from lower level ,as expected for target of 18622 to 18788 .all in all we may see range between 18350 to 18850.

Silver
International silver may test $18.66 ,closing above $18.70 will

pull back possible to $77.10,some swing trading range between $70.50 to $77.50 for short term. On mcx it may test 3392 level ,and from there some bounce to 3470-3530

NIFTY VIEW Nifty has support at 4920 resistance at 5070 market is script wise positive but nifty is in overbought region & also it is weekly bearish so trader should buy on decline.

SOME STOCKS FOR BUYING

SCRIPT EDUCOM TECHM HDIL TISCO PUNJLLOYED ABAN CMP 482.50 644 228.95 496.85 137.40 716 SUP. 440 630 200 470 125 650 SL 420 610 180 450 110 600 TARGET 580 700 250 540 150 800

some technical bounce back ,and some more recovery possible ,but its still uncertain for medium term.

Gold:
International gold may move further to $1224 -$1243 ,where watch $1250 for resistance ,maintain long position with support of $1188,buy on dips would be strategy ,some slow upside will remain for short term .on mcx October contract one should watch for support around 18350 ,where initiate buy around this level

take further rally towards $19.25 ,in down side support around $17.95,on mcx some positional support around 28500 ,one may consider going long in silver at lower level, where on the upside to watch for 29470-29780 ,upside resistance around 30000, all in all the range seems to be 28500-30000.

level, for the short term one may consider buying at decline and selling at rises.

SOME STOCKS FOR SHORT SELLING

SCRIPT
SESA GOA SAIL TATAMOTERS UNION BK WIPRO ZEEL

Copper
In copper we may see some range bound trading between 318-328 ,on the lower side watch support around 317,buy on dips would be strategy for next week , medium term is still uncertain ,some up move to 328 level possible ,if it cross the level and hold means more upside to 332335 level in short term.

SHORT PRICE
380 210 760 295 665 285

STOP LOSS
400 220 780 310 680 300

TARGET
250 170 650 260 600 240

Crude
International crude may go down to $71.80 ,from where it may find support around that level and some

Hot Talk
Rs 410. TATA STEEL (Rs 497):- The stock has broken major support at Rs 520 and now

Cont. from Pg. 2

shows more downside ahead. It is trading at 6-month low and below Rs 473 next major support would be only at Rs 433. Sell on rally towards Rs 502-507 with stop loss above Rs 525 for targets below Rs 470.

NOW SOME PAGES OF THE ECONOMIC REVOLUTION IS AVAILABLE ON MONDAY ON THIS WEB AND WHOLE ISSUE WILL BE AVAILABLE ON TUESDAY ONLY. IF YOU WANT WHOLE ISSUE ON MONDAY EARLY MORNING IN YOUR E MAIL

SUBSCRIPRION Y RS.1000 ONL ONLY

PER YEAR, WITH THIS ISSUE GE T GUJARA TI VERSION FREE GET GUJARATI

30-05-2010 to 05-06-2010

10 month old UP trend channel support at 4860

progress of the monsoon will decide the trend
BSE Sensex (16863.10) and Nifty (5066.55) closed up by 2.5% and 2.7% respectively last week.Nifty Future June was quoting at 29.90 points discount..Nifty Call Option June 5100 was very active.Support for Sensex is at 16570. Resistance for Sensex is at 17180 .Support for Nifty is at 4980 and resistance at 5170. M & M will announce Q4 results next week.GDP data to be declared by the Government next week for Q4 will also be watched carefully. Tata Motors and Tata Steel added Open Interest in June series.Huge position was build up at IFCI June Call Option Strike Price 55.Good build up was also seen at Tata Steel June Call Option Strike Price 520. Nifty - weekly close 5067 (4931) Market fail to cross our weekly trading point 4960 on positive news rally. Tuesday saw huge selling to break channel support 4850 and make a new low below 4800. Wednesday pull back manage to cross our daily stop loss. Derivative expiry and weekend witness pullback rally. Week closes with gain of 140 points. Weekly top 5080 is also 50% level of previous fall. Market again manages to close in 10 month long 700 pt range channel started at 4400. Investor type Derivative Swing trade Short term Medium term Mutual Fund Long Term Chart type Daily Weekly Bi-weekly Monthly Quarterly Yearly Weekly close below channel support line at 4860 will confirm trend reversal with next support at 4500 i.e. our yearly up trend stop 5340 i.e. trend point of 5040, and weekly range with +/- 300. 20 and 50 days EMA support / resistance for Nifty, which are at 5040, 5100. Traders to exit their long position at respective trigger levels in fall. Re-enter trade again later at trigger or lower level. Thus Trigger helped us to protect, maximize profit and hold position. NIFTY trend and its beginning as per 20 SMA line direction on different charts are as follows:- 30 minute UP, 5250 ; 90 minute - flat , 5300 ; Daily DOWN , 5300; Weekly DOWN, 5000. Stop loss 5020 5040 + 70 5090 4970 4530/5090** Gain +110 + 80 +100 +110 +1400

NIFTY SUTRA
loss. For Next week This week market trading range will be between 4740 trade Beta % 20 (+1.2) 20 (1-1.2) 20 (1) UP 20 (1-0.8) 10 (-0.8) 10 (-0.8) Trend UP UP 5000 DOWN UP UP

Strategy for Futures Option players. 1)CIPLA(320.35) Lot Size-1250 Shares

Buy One Call Option of June Strike Price 320@11.00 Rs Sell One Call Option of June Strike Price 340@3.30 Rs. Premium .Paid=11.00*1250= 13750.00 Rs. Premium Received=3.30*1250= 4125.00 Rs. Net Premium Paid==13750.00-4125.00=9625.00 Rs. Maximum Profit==340-320==20*1250=25000.009625.00=15375.00 Rs. Maximum Loss= 9625.00 Rs. Break Even Price=327.70

Dinu's SAR -Trend and Stop-loss Table for Nifty From 4860 4990 5030 5160 4960 3670

2)IFCI(52.50) June Future-Lot Size 7880 shares.

Buy One Lot June Future @52.50 Sell One Call Option of June Strike Price 52.50@2.45 Rs. Premium Received=2.45*7880= 19306.00 Rs Maximum Profit=19306.00 Rs. Max Loss=Unlimited.

(Daily stop-loss + close)/ 2 will give trader next days stop-loss and trend for NIFTY. Traders to exit below trigger** and re-enter trend at trigger** or lower level.

The next major Resistance level of sensex is 17451

SENSEaX S U P P O R T- - 1 6 7 2 4 / 16465---R E S I S TA N C E - 17212/17451) Technically sensex looking sideways for coming days. The next major Resistance level of sensex is 17451. Future Target and Stop loss for clients only. NIFTY SUPPORT--4994/ 4864---RESISTANCE--5122/ 5245) Technically Nifty is also looking sideways for coming days. The next major Strong Resistance in the nifty is above 5245 mark. Nifty future Target and Stop loss for clients only. RELIANCE LIMITED SUPPORT--974----RESISTANCE--1154)----BUY Stock looking strong TechStock is looking great to buy for short term traders and investors. Traders can Buy cash and future. Target and Stop loss only for Clients.

Trading Idea
1)BIOCON(290.7)Buy this stock in decline and trade. 2)SAIL(205.85) Buy this stock in decline and trade

TREND OF MAJOR STOCKS

STOCK BHEL.NS ICICIBANK.NS INFOSYSTC.NS ITC.NS MARUTI.NS SBIN.NS TATASTEEL.NS TCS.NS TREND Bulllish Bulllish Bulllish Bulllish Bulllish Bulllish Bulllish Bulllish NO OF DAYS 2 3 3 3 2 2 2 3 Weekly Trend Falling Falling Rising Rising Rising Falling Falling Rising Monthly Trend Rising Rising Rising Rising Falling Rising Falling Falling

SURE SHOT SHORT TERM TRADING CALL

STRONG TECHNICAL BREAKOUT -- STOCK WILL BLAST IN SHORT TERM. BUY STOCK AND SEE THE PROFIT STRONG BUY-----

Technical indicators of major Stocks MFI=Money Flow Index * RSI=Relative Strength Index ADX=Directional Momentum Index STOCK BHEL.NS ICICIBANK.NS INFOSYSTC.NS ITC.NS MARUTI.NS SBIN.NS TATASTEEL.NS TCS.NS CLOSE 2318.95 864.75 2677.45 283.2 1225.2 2239.4 496.85 750.8 MFI-21 40.56 39.22 41.37 65.7 41.8 47.45 32.28 48.58 RSI-14 43.46 45.13 53.59 64.96 40.76 51.84 31.01 49.91 ADX-14 20.22 15.11 17.55 18.15 53.35 20.99 35.84 21.77

nically. Indicators showing good up move for next few days. Traders can Buy cash and future for short term. Target and Stop loss only for Clients. BHARTI LIMITED SUPPORT 245---RESISTNCE 277 BUY

( BSE CODE--505530 )

PRISM INFORMATICS LTD &

RAS PROPACK LAMIPACK LTD

BSE CODE--500361

We have given BUY call to our Clients already at very low rate.

SUBSCRIBE TER, A MULTY ANALYST WEEKLY TO GET SUNDAY MIDNIGNT, SUBSCRIPTION IS ONLY RS. 1000 PER YEAR

30-05-2010 to 05-06-2010
Lions Roar
the U.S. is out of the woods. The most likely scenario is that the U.S. and E.U. will face a double dip recession and after that S3 S2 S1 CLOSE R1 R2 R3 a long period Nifty 4908 4966 5017 5066 5105 5160 5214 of economic Sensex 16373 16551 16704 16863 17028 17276 17493 stagnation. This in itself be an scrapping of the Non- Monday, but weak Greece is seen by will Compete agreement global markets made many as a forceful and opportunity for country like ours to 12345678901234567890123456789012123456789012345678 12345678901234567890123456789012123456789012345678 outperform 12345678901234567890123456789012123456789012345678 and grow. 12345678901234567890123456789012123456789012345678 PAIR STOCK Rec. Tgt Reached Lot size Profit ROLLOVER 12345678901234567890123456789012123456789012345678 NO. .price 12345678901234567890123456789012123456789012345678 ANALYSIS. 12345678901234567890123456789012123456789012345678 1 Buy PFC 288 294 295 1200 Rs. 8,400 The Nifty 12345678901234567890123456789012123456789012345678 12345678901234567890123456789012123456789012345678 Sell TataPow 1259 1196 1190 200 Rs. 13,800 R o llovers 12345678901234567890123456789012123456789012345678 2 Buy GAIL 453 461 460 1125 Rs. 7,875 12345678901234567890123456789012123456789012345678 were 65% as 12345678901234567890123456789012123456789012345678 Sell BomDye 514 483 475 1150 Rs. 44,850 compared to 12345678901234567890123456789012123456789012345678 3 Buy Strides 357 369 365 1000 Rs. 8,000 12345678901234567890123456789012123456789012345678 t h r e e 12345678901234567890123456789012123456789012345678 Sell Pantaloon 384 361 353 850 Rs. 26,350 m o n t h s 12345678901234567890123456789012123456789012345678 Profit Rs.1,09,275 12345678901234567890123456789012123456789012345678 of 12345678901234567890123456789012123456789012345678 average 70%. Low rollover lesser may be an indication sure that our market regressive step as it indicates of the beginning of closed near the low of has been taken under number of short Nifty the fresh business the day. The Nifty lost p o l i t i c a l positions have been rolled over to the June series. Banking THIS WEEKS RECOMMENDATIONS : and Financial sector along with IT sector STOCK CMP SL Tgt-1 Tgt-2 have shown low rollovers as Buy BGR Energy 593 582 611 632 compared to metal Buy BalramChini 80 78 84 88 sector. Strong short Buy ApolloTyres 70 68 74 78 rollovers have been Buy DivisLab 732 722 750 769 seen in Sterlite Ind, Buy AlstomProj 588 582 602 615 IDBI, Bharat Forge, Renuka and HDiL. In rivalry as both the more than 110 points u n w i l l i n g n e s s . case the bounce back Eventually, the Greek continues, one can groups can now enter from the top. contagion may expect short covering into each others the above spread across in territory or it can various nations mentioned stocks. be perceived as a T EC H N I C A L LY like Spain, positive step EURO PROBLEMS - Portugal, Ireland and SPEAKING. towards reconciliation The Sensex opened TERM many more, which will in the long running LONG result in serious the week at 16494 , global financial made a high of 16891, breakdown and a low of 15960 and many more bail- closed the week at outs. The U.S. too 16863 . The Sensex will have to work gained 418 points on a basis. its way out of weekly Nifty serious problems, Similarly because the opened the week at massive stimuli 4944, made a high of which has 5077, a low of 4786 and propelled its GDP closed the week at growth, is 5066 . The Nifty too temporary. It will take closed with the week feud between the PROBLEM. It will be plain years and years of with a gain of 135 billionaire brothers. The market took the wishful thinking that consolidation before points. the most keenly watched corporate war ever. The announcement positively and opened with a gap up on the debt problems of Europe are under control. The bailout of

7
Cont. from Pg. 1
On the weekly charts both Sensex Sensex rise from 13219 to 18047 and

INDEX LEVELS :

LAST WEEKS RECOMMENDATIONS

WATCH OUT FOR

and Nifty have formed Bullish Harami pattern which is a bullish reversal pattern. The long lower shadow formed on the weekly candle is because of the strong bounce seen from the lows. On the daily charts both the indices have formed a bullish reversal pattern in the last three days called Three White Soldiers indicating a trend reversal in the immediate term. Oscillators like MACD and ROC, even though in the negative territory is on the verge of giving a buy signal. The RSI along with MFI has given a buy signal and is moving up. The Stochastic Oscillator has given a Buy signal and so has the OBV. The Directional Indicators continue in their Sell mode but the DI is now moving towards the +DI. Market rebounded last week after Sensex made a low of 15960 and Nifty 4786. The market is now in a pull back mode and the pull-back levels for the Sensex are 16757-17003-17250 and those for the Nifty are 5020-50925165. From slightly longer term view we are looking at the correction of

the correction levels are 1620315633-15063. Similarly one has to consider the Nifty rise from 3918 to 5399 and for that the correction levels are 4833-4659-4484. Both Sensex and Nifty corrected more than 38.2% correction level before bouncing back; Sensex bounced back from 15960 and Nifty from 4786. Nifty OI PCR is quite healthy at 1.34 suggesting that some stability has returned to the market. For June series strong Call writing is seen at 5100 and 5200 strikes. Similarly Put writing is seen at 4800 strike. One can expect the market to find support around 4800 and resistance around 5100-5200. For the week ahead, Sensex will find Support at 16704-16551-16373 and will find Resistance at 1702817276-17493. For the week ahead, Nifty will find Support at 50174966-4908 and will find Resistance at 5105-5160-5214.

VISIT : www.theeconomicrevolutiohn.com for latest infromation

8
Tech. Anal.
Overbought/Oversold A stock is considered overbought if

30-05-2010 to 05-06-2010
Cont. from Pg. 1
the MFI indicator reaches 80 and above (a bearish reading). On the other end of the spectrum, a bullish reading of 20 and below suggests a stock is oversold.

Treding Guide
position below 1620 with the stoploss of 1661. There are some strong supports like 1620/1587/ 1559 and resistants like 1655/1688/ 1705. Over all trend is bearish. TATAMOTORS:Risk takers can make short

Cont. from Pg. 15

stochastic indicator, we will see some selling pressure in next week. EUR/USD:Optimism triggered yesterday by stocks was not enough to push euro above 1.2440/60 key resistance area, and pair lost some ground, thus still positive in the day; despite this report tends to focus in the short term, long term should not be ignored: Italy and Spain workers aim for big strikes, Germany banned the naked short selling of bonds, the sovereign debt issues are far from solved, and in general, Euro remains strongly pressured. Hourly charts show indicators still slightly bearish thus above their midlines, while current candle low rebounded in the 20 SMA, limiting the falls at this point. 4 hours chart on contrary, remain bullish suggesting pair could retest the daily high. There are some strong supports like 1.1230/1.2290/1.2250 and resistants like 1.2400/1.2450/ 1.2490. GBP/USD:Pound holds a bullish tone ahead of Wall Street opening, consolidating past Thursday gains. Hourly indicators are slightly bullish at this point, thus 20 SMA has lost momentum, and turned flat, diluting previous strength. Bigger time frames show flat indicators with price above 20 SMA, and a higher consolidative range, supporting further recoveries ahead. There are some strong supports like 1.4520/14460/1.4410 and resistants like 1.4610/1.4650/1.4690. USD/JPY:Consolidating above 91.00, pair is turning bearish in the hourly chart, thus pointing more for a limited bearish correction rather than a stronger fall; 200 SMA in the daily around 91.00 should act as first support level for the pair, thus movement could extend to 90.60 area; under this last, pair will confirm further falls dulling chances of more rises in next week. There are some strong supports like 91.00/90.60/90.20 and resistants like 91.40/91.80/92.20. USD/CHF:Heading higher pair seems ready to regain bullish momentum, as approaching to 1.1545 strong resistance level; with indicators heading higher and price above 20 SMA, above that level pair could extend the rally to the 1.1600 area, as only under 1.1450, base of past days range, could signal a stronger downside rally. There are some strong supports like 1.1510/1.1480/1.1450 and resistants like 1.1545/1.1600/ 1.1640.

Weekly Review
Technically the down move in the market seems arrested and looks like it should now climb towards 51505200 zones with some corrections on the way up and technically it

Cont. from Pg. 1

would be Ok as long as 5000 holds and 5000 is a crucial support to deal with The support for the Nifty is 5030-5000 and strong resistance at 5150-5200 The support for the Sensex is at 17600 and strong resistance at 17250 From a trading point of view I would continue long as long as 5000 holds

A.K. Prabhakar
India Said to be delayed after Tropical Cyclone Laila would boost Sugar stocks and negative for Auto and FMCG stocks. Support-50354960-4850 Resistance-50975155-5220

Cont. from Pg. 1

Positive StocksNHPC, TATACOMM, OILINDIA Negative StockA . C . C , JINDALSTEEL, CANARABANK Stock for the weekMSKPROJECT Cmp Rs.180 Target Rs.195-200, Stock has started to outperform index in recent time and still holding above medium and long term moving average and trading near all time high of Rs.200 which shows the strength in the stock. position below 745 with the stoploss of 801. There are some strong supports like 746/728/704 and resistants like 759/781/797. If at the starting of the week, this scrip will close below 745, make short position for positional. GOLD MCX:Overall trend is bullish. Do not

Equity star
could accumulate Tata Steel, Sterlite, JSPL and JSW Steel on bad days. Certain other stocks that have shown technical strength are Nagarjuna Constructions, LITL and Oil mktg companies. Last weeks
Pink Elephant is recognized as an ITIL Licensed Software Assessor, by the APM group. Wipro Infotech, the India and Middle East IT Business of Wipro Ltd and a leading provider of IT and business transformation services today announced that its eHelpline tool has been certified by Pink Elephant, the worlds leading consulting and training provider in the IT Infrastructure Library (ITIL) best practices framework. eHelpline version 3.0 becomes the first ITSM tool from the Asia-Pacific region to be successfully assessed for PINK Verify 3.1 for the 3 key processes I n c i d e n t Management(IM), Problem Management (PM) and Change Management (CM) by the Pink Elephant corporation for its adher-

Cont. from Pg. 3

recommendations (RIL, JSPL, Tata Motors) were up 3.5% to 5.5% though two of them marginally (Rs3-Rs5) breached Stop losses during panic selling. This week we suggest buying in LIC Hsg, Biocon and Nagarjuna
ence to ITIL V3 standards, capabilities for its automation and documentation standards. eHelpline has also been successfully assessed for the Bronze level OGC SWIRL (Office of government of Commerce U.K) Certificate by APM Group. It is also among the first 5 ITSM products that are currently certified on the latest PINK Verify 3.1 toolset. Pink Elephant is recognized as an ITIL Licensed Software Assessor, by the APM group. With its decade-plus track record of independent tool assessment experience, PinkVerify is the most mature and rigorous tool certification program in the world that objectively assesses a software tools enabling applications against the definitions and workflow requirements of the follow-

Constructions. Buying band for LIC Hsg is Rs 925-940, Rs 284-288 for Biocon and Rs 165-168 for Nagarjuna. Targets suggested are Rs 985/ 1020( LIC), Rs308/318( Biocon) and Rs 178/184( Nagarjuna). Happy investing!
ing ITSM processes. Pink Certification for eHelpline 3.0 means the tool is in compliance with all the ITIL V3 norms, methodologies and recommendations. eHelpline has also been assessed for capabilities on automation and user documentation for getting certified on OGC Swirl an ITIL body. With this prestigious certification, eHelpline 3.0 would be positioned along with the leading ITSM tools in the market. Over 150 customers are serviced by Wipros homegrown eHelpline tool. This is indeed an important milestone for us and reiterates our commitment to provide our customers IT best practices that are recognized globally, said Mr. Ramkumar Balasubramanian, General Manager - Practice & Business Development, Manage IT, Wipro Infotech.

Wipro achieves Pink Verify certification for its eHelpline tool

go short until it breaks below 18000 level. There are some strong supports like 18250/18159/

17977 and resistants like 18460/ 18585/18715. SILVER MCX:Overall trend is bullish. Do not go short until it breaks below 28999 level. There are some strong supports like 29150/28965/ 28841 and resistants like 29310/ 29490/29605. As per seeing

A MULTY ANALYST WEEKLY ON LINE

30-05-2010 to 05-06-2010

ABOVE 5090 WE MAY SEE 5121,5159,5193 BELOW 4976,WE MAY SEE 4941,4921,4900.

Last week in clear cut words & v e r y ve r y bo l dly told u all that, below 4842 in nifty future we may see 4797,4775. What happened to that ??? Nifty future had made a low of 4786.45 & touched

5020.. Just see what happened???.......... Nifty future had touched a high of 5054.65 above 5020 with huge huge short covering& buying at lower levels. What else u all want????..........Our

In Volatality We may see stock specific rise in many stocks in Coming Days.
F r o m last weeks our stock future recommendations, JSW Steel moved to 1111 from our reco price 1085, Rolta moved to 176 from our reco price

Hot Midcaps/Smallcaps In Short Term For Week (31.05.10 To 04.06.10) :Sr. Company No. Name 1 2 3 4 5 6 7 8 NHPC Hind Oil Bartronics KRBL Kalyani Steel MRPL Radico Take Bse Code 533098 500186 532694 530813 500235 500109 532497 532890 532894 500108 514304 503699 520057 532286 532873 Closing Price Target 1 Target 2 Target 3 32 196 151 27 95 79 133 32 55 61 88 122 21 671 239 34 207 162 30 106 90 144 36 63 68 101 135 23 686 248 29.10 184.20 140.10 23.90 82.65 66.50 -

Trade On Break Out Side Only To Get Benifited By Trend.

our second target almost What else u all want.??? Further we had said that, from lower level we may see sharp bounce back due to heavy shortcovering & valuebuying.. & due to this we may se e 5 076 above paid clients had made a lots of money in nifty future on both side as per our guidance. Join our paid services to get perfect calls in nifty future o n intraday,btst,stbt,positional basis..Contact us after mkt.hours. 171, Lupin moved to 1846 from our reco price 1821,Mcdowell moved to 1204 from our reco price 1166, TCS moved to 739 from our reco price 718, Bajaj Auto moved to 2179 from our reco price 2108, Aban moved to 729 from our reco price

122.50 27.05 47.95 55.95 -

9 Indowind 10 MTNL 11 S Kumar 12 Geodesic 13 Sona Koya 14 Jindal Steel 15 HDIL

74.90 105.20 18.45 653.65 228.90 -

Nifty Future's Prediction for Week (31.05.10 To 04.06.10):Index Nifty Closing Price 5041.00 Support 4976 Stoploss 4941 Target 1 Target 2 5090 5121 Target 3 5159

Hot Positional Stock Futures For Week (31.05.10 To 04.06.10)

Sr. No. 1 2 3 4 5 Company Name Bajaj Auto Tisco Sesagoa TCS Patni Closing Price 2166.45 498.60 365.05 737.15 552.65 Support 2144 493 354 729 546 Stoploss 2125 486 343 720 540 Target 1 2210 514 392 763 572 Target 2 2239 527 413 781 590

678, Sesagoa moved to 368 from our reco price 342 What else u all want??. Our paid clients had made a lots of money in stock future as per our guidance. Join our paid services to get perfect calls in stock fut u re s o n i n t ra d a y, btst, stbt, positional basis.. Contact us after mkt.hours. From our last

weeksdeliverybased recommendations, Videocon moved to 208 from our reco price 201, Renuka moved to 61 from our reco price 53, Suzlon moved to 61 from our reco price 58, Polaris moved to 180 from our reco price 172, KRBL moved to 27 from our reco price 25 & Guj.NRE moved to 64 from our reco price 57 What else

u all want???.. Our paid clients had made a lots of money in Deliverybased investment as per our guidance. Join our paid services to get perfect calls in Deliverybased investment on short,medium,long term basis.. Contact us after mkt.hours.

ATTENTION
Hot Weekly Stock Futures For Week (31.05.10 To 04.06.10)
Sr. Company No. Name
1 2 3 4 5 Videocon Suzlon Educomp RIL BEL

Closing Support Stoploss Target 1 Target 2 Price

205.25 61.40 483.25 1039.05 1713.80 200 59 475 1027 1694 196 57 465 1018 1675 224 66 505 1058 1807 239 72 520 1071 1940

The material contained in the Economic Revolution is based on Fundamental and Technical analysis & other scientific methods and also the knowledge and belief of author. Error can not to be rulled out. The information given is of advisory nature only. The Editor, the Publisher and the Author does not take any consequences arising out of it. All rights reserved. Reproducing to whole or in part of any matter including featurs without permision is not permitted. Legal jurisdiction is Ahmedabad only. The material given in the Economic Revolution is the views of author only, it not means that Editor is agree with it, so Editor, the Publisher and the printer is not resposible for the contains in writers article. Narendra Joshi Editor,

VISIT : www.theeconomicrevolutiohn.com for latest infromation

10

30-05-2010 to 05-06-2010

MOMENTUM AND TREND

BY looking at the net increase in prices over the number of days designated by an n-day momentum indicator, intermediate fluctuations are ignored, and the pattern in price trend can be seen. The longer span between the observed points, the smoother the results. This is equivalent to faster and slower moving averages. To use momentum as a trend indicator, the momentum span is selected and plotted. A buy signal occurs whenever the value of the momentum turns from negative to positive, and a sell signal is when the opposite occurs. If a band is used to establish a neutral position or a crosses above the signal line, or when momentum moves above its entry level. To find the best choice of a momentum span, a sampling of different values could be tested for optimum performance, or a chart could be examined for ing with Power Ratings involves looking for instances when traders are too pessimistic toward strong stocks (with high Short Term Power Ratings) and too optimistic toward weak stocks (typically with low Short Term Power Ratings).

Nifty for 31/5/2010 to 04/06/2010: Nifty CMP-5066 [ Key for down trend is now 5022-5000 then target 4865-8840. for up move from here 5090-5100 then 51655190] - Trend Flat/bearish
some natural price cycle. Identify the significant tops and bottoms of any bar chart, and average the number of days between Indicator Techniques Use Trend and Momentum As the use of computers has become more common place

ematical formulae or algorithms have become common place. Most of the prevalent and now traditional algorithm techniques employ trending and momentum indicators. These indicators can be categorized in three groups: trending indicators, first derivative, and second derivative indicators. Simply put, the trending indicators, with their first and second derivative indicators,

are similar to distance, velocity and acceleration. The latter two categories are lumped into the general catch-all of momentum. Trending indicators include moving averages and similar indicators such as the DMI. First derivative momentum indicators include all simple oscillators and other measures such as stochastic and RSI. The MACD histogram is a very good example of a

second derivative indicator as it is the difference between an oscillator and its own average. If u want to know about Technical analysis classes conducted by me, send the details about you to tipssbsense@yahoo.in I will revert back with course details. Please mention the reference as THE ECONOMIC REVOLUTION

Previous Week performance

Nifty for 24/5/2010 to 28/05/2010: Nifty CMP-4931 [ Key for down trend is now 4818-4800 then target 4666-4625. for up move from here 4965-4990 then 5125-5150] - Trend Flat/bearish Weekly high 5077 and Low 4786 [predicted 4800] commitment zone, it should be drawn around the horizontal line representing the midpoint momentum value, usually zero. Buy and sell signals that occur sooner and are likely to be stopped out more often, use a signal line created by smoothing the momentum values, in this case using a simple 3-day moving average. Once the momentum value moves above a threshold level of, for example, 70, a sell occurs when the momentum crosses below the signal line. The position may he stopped out when the momentum these cycles, or find the number of days that would closely approximate. Momentum and trend traders tend to look for consensus, instances when the will of buyers or sellers in the marketplace simply overwhelms the other side of the trade, either instantaneously in the form of a breakout, or over time in the form of a new, sustained trend. Swing trading stocks as they revert to the mean rely on instances when traders are leaning too far in one direction at the wrong time. Our approach to swing tradthroughout the sixties, seventies and eighties, the use of indicators in technical analysis has become increasingly popular. Before the early seventies, most technical analysis and trading was done based on chart patterns, be they either bar patterns (like closing point reversal), or larger geometric formations such as wedges and flags. With the advent of the hand held calculator in the mid to late seventies and the PC early in the eighties, the use of indicator techniques which employ math-

Nifty to touch 5,1505,200 in the short-term

The pullback rally continued for the third straight session and the markets clocked another steady session with no signs of volatility. The Nifty to touch 5,150-5,200 in the short-term. The rally will depend on the monsoons.That s a big question mark and the answer to that would be known Scrips Name TV-18 IBSEC FCH MTNL TATA STEEL RELIANCE REL MEDIA BRANDHOUSE JETKING BUY BUY BUY BUY BUY BUY BUY BUY BUY only in first week or may be in the middle of July. So, expect the markets to r e m a i n rangebound till then. Thereafter, depending on the progress of the monsoon, we could see this range being broken either on the upside CURRENT PRICE 77.5 30.5 149 56 496 1036 172 46 143

RAJESH KOTHARI (M) 09892145335

CRACKERS
or downside. Buy Retail,Oil & Gas & Entertainment S e c t o r. B u y Reliance,TV-18 & Jetking. TGT 2 STOP LOSS 88 38 165 68 535 1088 190 54 158 75 28 145 51 485 1015 165 44 137

TGT 1 82 34 155 62 515 1050 180 50 152

GUJARATI HARD COPY AVAILABLE IN MUMBAI & GUJARAT

30-05-2010 to 05-06-2010
DR. DIPESH GOHIL
Mo. 9727990980

11

OUR PERFORMANCE
STOCKS NIFTY BANK NIFTY HDIL SCI MARUTI CESC 1) TATA POWER ( 1271.65 ) :- In this scrip near term support at 1264 and buy with the stop loss of 1258 on the upper side first target is 1280 then Rs. 1292 - 1305 to 1311. 2) ORACLE. ( 2086.00 ) :- In this scrip near term support at 2075 and buy with the stop loss of 2067 on the upper side first target is 2097 then Rs. 2106 2117 to 2135. 3) KEC ( 480.80 ) :- In this scrip near term support at 474 and buy with the stop loss of 467 on the upper side first target is 486 then Rs. 493 502 to 511. 4) LNT ( 1626.10 ) :- In this scrip near term support at 1618 and buy with the stop loss of 1607 on the upper side first target is 1635 then Rs. 1648 - 1662 to 1684. 5) DR.REDDY ( 1362.50 ) :- In this scrip near term support at 1355 and buy with the stop loss State run Indian Oil Corporation (IOC) is likely to go for a follow-on-offer (FPO). BM Bansal, chairman of the company has said on CNBC-TV18 that it might go for FPO at appropriate time to fund its upcoming projects. However he says that launching a FPO is difficult without transREC. PRICE 4930 9135 214 154 1238 365 HIGH /LOW 5077 9292 201.70 167 1248 350 TGT 2 3 1 2 1 2 TAR. TAR. TAR. TAR. TAR. TAR. ACHVD. ACHVD. ACHVD. ACHVD. ACHVD. ACHVD.

veenmoney@gmail.com

NAME BUY ABOVE RES-1 RES-2 RES-3 SELL BELOW SUP-1 SUP-2 SUP-3

: NIFTY : 5040 : 5080 : 5110 : 5180 : 5040 : 4990 : 4930 : 4890

NAME : BANK NIFTY BUY ABOVE : 9210 RES-1 : 9250 RES-2 : 9290 RES-3 : 9354 SELL BELOW : 9210 SUP-1 : 9170 SUP-2 : 9120 SUP-3 : 9047 NAME : TATATEA BUY ABOVE : 1060 RES-1 : 1069 RES-2 : 1075 RES-3 : 1090 SELL BELOW : 1060 SUP-1 : 1048 SUP-2 : 1026 SUP-3 : 1018 NAME BUY ABOVE RES-1 RES-2 RES-3 SELL BELOW SUP-1 SUP-2 SUP-3 NAME BUY ABOVE RES-1 RES-2 RES-3 SELL BELOW SUP-1 SUP-2 SUP-3 NAME BUY ABOVE RES-1 RES-2 RES-3 SELL BELOW SUP-1 SUP-2 SUP-3 : : : : : : : : : : : : : : : : : : : : : : : : : : : GAIL 450 455 461 469 450 445 441 432 REC 280 287 290 294 280 273 270 266 CAIRN 290 295 300 312 290 284 281 276

of 1347 on the upper side first target is 1371 then Rs. 1382 - 1396 to 1414 . 6) ONGC ( 1130.95 ) :- In this scrip near term support at 1123 and buy with the stop loss of 1116 on the upper side first target is 1138 then Rs. 1152 - 1165 to 1172. 7) MNM ( 545.05 ) :- In this scrip near

term support at 541 and buy with the stop loss of 534 on the upper side first target is 553 then Rs. 561568 to 577 . 8) BHEL ( 2319.00 ) :- In this scrip near term support at 2311 and buy with the stop loss of 2304 on the upper side first target is 2327 then Rs. 2338 - 2352 to 2368 . 9) Jsw ( 1713.95 ) :- In this scrip near parent fuel price policy. The company is implementing projects worth USD 10.1 billion. The company has reported net profit of Rs 5557 crore in Q4FY10 as against Rs 6623 crore in same period of last year. Net sales jumped to Rs 66,116 crore from Rs

term support at 1706 and buy with the stop loss of 1698 on the upper side first target is 1722 then Rs. 1735 - 1748 to 1756. 10) BOMBAY DYE. ( 502.25 ) :In this scrip near term support at 497 and buy with the stop loss of 491 on the upper side first target is 513 then Rs. 520 525 to 532 . 11) ACC ( 826.90 ) :- In this scrip near term support at 821 and buy with the stop loss of 815 on the upper side first target is 834 then Rs. 842 - 849 to 862. 12) REL ( 1056.25 ) :- In this scrip near term support at 1048 and buy with the stop loss of 1042 on the upper side first target is 1064 hen Rs. 1073 1087 to 1098 13) BAJAJ FIN. ( 462.10 ) :- In this scrip near term support at 456 and buy with the stop loss of 451 on the upper side first target is 468 then Rs. 473 480 to 486. 59,596.7 crore (YoY). Bansal said the company adjusted Rs 10,690 crore cash subsidy in Q4. Domestic product sales rose to 16.6 mt in Q4 versus 16.5 mt (YoY). Exports jumped to 1.1 mt versus 0.9 mt while refinery throughput declined to 13.3 mt versus 14.8 mt (YoY).

IOC likely to go for FPO to fund projects

WE WEL COME ADVERTISE FOR THIS PLACE

12
Madhav Ranade (M) 09371002943 or email : sumamura@dataone.in
Markets worldwide played to my script. They lost considerable ground on first two days and made a fairly smart recovery on following days getting closer or beyond 200 DMA. US and UK markets are closed on Monday and our operators will seize such an opportunity with alacrity . Spain downgrade late Friday evening means Asia and Europe will be under pressure on Monday but there is every possibility that our bull operators will ramp-up the market sometime during the day. I will use this bump-up to lighten my stuck longs. Overall the week will be dominated by global cues and FII flows. Our improved macro picture is a long term positive but in the short term immediate triggers prevail. Last week I had suggested to buy some stocks for investment. 7% to 10 % with in a week is fabulous return and wherever you have less conviction ( autos for me ) some profit booking can be considered. If you want nifty intra / weekly trad-

30-05-2010 to 05-06-2010

Trading levels for 31st May / 4th June 2010

ing levels you will have to become paid member of NIFTY group. Please remember CAPITAL is always scarce and needs to be respected. THE NEW NIFTY GROUP HAS BECOME A PAID GROUP FROM 9TH APRIL. h t t p : / / finance.groups.yahoo.com/ group/sumamuranifty/ I am now available on yahoo messenger on most of the trading days and you can add me on your yahoo messenger. My yahoo id is madhavranade1 Please call me if you have any doubts or you need levels for some other stock. I am available on 09371002943 or on sumamura@dataone.in

WEEKLY SUPPORT AND RESISTANCE LEVELS

anuraghsr@yahoo.com ANURAG GUPTA MOBILE : 9255191643
SYMBOL NF MAY FUTURE ABB FUTURE ACC FUTURE BANKBARODA FUTURE BEL FUTURE BHEL FUTURE BPCL FUTURE CANBK FUTURE CENTURYTEX FUTURE CIPLA FUTURE DABUR FUTURE DLF FUTURE DIVISLAB FUTURE DRREDDY FUTURE EDUCOMP FUTURE GAIL FUTURE GRASIM FUTURE HCLTECH FUTURE HDFC FUTURE HDFCBANK FUTURE HDIL FUTURE HEROHONDA FUTURE HINDUNILVR FUTURE IDFC FUTURE IDBI FUTURE IFCI FUTURE HINDPETRO FUTURE ICICIBANK FUTURE INDIACEM FUTURE INFOSYSTCH FUTURE IOC FUTURE ITC FUTURE IVRCLINFRA FUTURE JSWSTEEL FUTURE LT FUTURE M&M FUTURE MARUTI FUTURE MTNL FUTURE ONGC FUTURE ORIENTBANK FUTURE PRAJIND FUTURE PUNJLLOYD FUTURE PFC FUTURE PATNI FUTURE RANBAXY FUTURE RELINFRA FUTURE RELCAPITAL FUTURE RELMEDIA FUTURE RELIANCE FUTURE ROLTA FUTURE RPOWER FUTURE RNRL FUTURE SBIN FUTURE TATAMOTORS FUTURE TATAPOWER FUTURE TATATEA FUTURE TCS FUTURE TATASTEEL FUTURE TITAN FUTURE TATACOM FUTURE UNITECH FUTURE WIPRO FUTURE ZEEL FUTURE CLOSE 5041.00 867.50 822.30 690.35 1713.80 2321.40 566.55 400.80 449.70 321.05 185.10 280.65 730.75 1361.85 483.25 449.55 1852.55 374.05 2779.60 1882.20 229.45 1890.25 234.15 153.45 111.85 52.85 358.85 850.80 110.85 2665.90 342.20 273.45 156.80 1094.65 1627.65 545.45 1221.80 56.35 1130.35 321.90 79.55 137.40 290.70 552.65 428.15 1065.45 648.75 172.20 1039.05 164.25 156.75 52.70 2222.25 749.80 1261.50 1060.85 737.15 498.60 2219.50 320.80 73.60 664.20 283.90 TREND BULLISH BULLISH BEARISH BULLISH BEARISH BEARISH BULLISH BEARISH BULLISH BULLISH BULLISH BULLISH BULLISH BULLISH BEARISH BEARISH BEARISH BULLISH BULLISH BULLISH BULLISH BULLISH BULLISH BULLISH BULLISH BULLISH BULLISH BULLISH BULLISH BULLISH BULLISH BULLISH BULLISH BULLISH BULLISH BULLISH BEARISH FLAT BULLISH BULLISH BEARISH BULLISH BULLISH BULLISH BULLISH BULLISH BULLISH BULLISH BULLISH BEARISH BULLISH BULLISH BEARISH BEARISH BULLISH BEARISH BULLISH BEARISH BEARISH BULLISH BULLISH BULLISH BEARISH RES2 5228.90 910.30 903.30 740.78 1813.17 2405.63 591.92 437.80 477.93 330.68 190.80 299.52 776.12 1450.08 546.65 470.42 2066.28 392.05 2913.87 1974.03 251.95 1963.05 240.85 165.22 118.92 55.32 379.62 911.47 115.68 2786.80 368.73 290.32 172.53 1205.75 1705.95 585.08 1294.03 60.02 1198.05 346.20 86.35 147.40 305.43 577.02 446.45 1161.55 739.38 192.57 1086.65 180.75 168.75 61.17 2391.42 832.73 1316.97 1176.28 778.55 548.70 2357.83 350.80 80.60 693.47 309.17 RES1 TREND SUPP1 LEVEL 5134.95 4960.70 4866.75 888.90 854.60 833.20 862.80 834.90 794.40 715.57 694.53 669.32 1763.48 1711.82 1662.13 2363.52 2297.88 2255.77 579.23 563.32 550.63 419.30 402.30 383.80 463.82 442.18 428.07 325.87 317.93 313.12 187.95 182.75 179.90 290.08 272.87 263.43 753.43 721.22 698.53 1405.97 1331.48 1287.37 514.95 478.30 446.60 459.98 448.57 438.13 1959.41 1871.15 1764.28 383.05 367.45 358.45 2846.73 2726.87 2659.73 1928.12 1857.98 1812.07 240.70 221.40 210.15 1926.65 1883.30 1846.90 237.50 231.55 228.20 159.33 150.47 144.58 115.38 110.47 106.93 54.08 51.92 50.68 369.23 351.62 341.23 881.13 842.47 812.13 113.27 110.23 107.82 2726.35 2613.25 2552.80 355.47 338.18 324.92 281.88 270.42 261.98 164.67 154.23 146.37 1150.20 1068.45 1012.90 1666.80 1609.55 1570.40 565.27 536.43 516.62 1257.92 1217.58 1181.47 58.18 56.47 54.63 1164.20 1111.15 1077.30 334.05 320.65 308.50 82.95 79.00 75.60 142.40 134.20 129.20 298.07 288.03 280.67 564.83 548.77 536.58 437.30 420.45 411.30 1113.50 1059.75 1011.70 694.07 664.68 619.37 182.38 171.42 161.23 1062.85 1023.20 999.40 172.50 167.15 158.90 162.75 152.90 146.90 56.93 52.52 48.28 2306.83 2224.42 2139.83 791.27 731.33 689.87 1289.23 1242.12 1214.38 1118.57 1059.28 1001.57 757.85 725.60 704.90 523.65 498.85 473.80 2288.67 2201.83 2132.67 335.80 316.00 301.00 77.10 71.15 67.65 678.83 652.27 637.63 296.53 283.27 270.63 SUPP2 4692.50 798.90 766.50 648.28 1610.47 2190.13 534.72 366.80 406.43 305.18 174.70 246.22 666.32 1212.88 409.95 426.72 1676.02 342.85 2539.87 1741.93 190.85 1803.55 222.25 135.72 102.02 48.52 323.62 773.47 104.78 2439.70 307.63 250.52 135.93 931.15 1513.15 487.78 1141.13 52.92 1024.25 295.10 71.65 121.00 270.63 520.52 394.45 957.95 589.98 150.27 959.75 153.55 137.05 43.87 2057.42 629.93 1167.27 942.28 672.65 449.00 2045.83 281.20 61.70 611.07 257.37

GET ONE DAY FREE TRIAL SEND SMS ON MOBILE 9992012310 YOUR NAME, MOBILE NO. ,EQUITY OR COMMODITY

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BSE Indices
posn trading lvls stock / index BSE SENSEX BSE auto index BSE bank index BSE capital goods BSE FMCG index BSE health index BSE metal index BSE oil & gas INDEX BSE PSU index BSE realty index go short long short long short long short long short long short long short long short long short long short long date entry 16800 17050 7580 7655 10515 10615 13625 13750 2918 2953 5380 5430 15250 15510 9930 10120 8900 8980 3110 3150 31st may / 4th june 2010 targets stoploss 16550/300/050 16925 17300/550 16925 x 7655 x 7580 x 10615 x 10515 x 13750 x 13625 x 2953 x 2918 x 5430 x 5380 x 15380 x 15380 x 10120 x 9930 x 8980 x 8900 x 3150 x 3110

comodities
all commodity type gold silver crude copper natural gas sugar rates weekly go short long short long short long short long short long short long in levels entry 1199 1211 18.18 18.31 72.1 72.7 3.13 3.17 4.35 4.4 470 476 US dollars 31st may / 4th june 2010 targets 1193/87/81/75/69/63 1214/23/32/41/50 17.81/17.45/17.07 18.62/18.93/19.24/19.55 71.6/70.9/70.2/69.5/68.8/68.1/67.4 73.4/74.3/75.2/76.1/77/77.9/78.8/79.7 3.09/3.05/3.01/2.97 3.21/3.25/3.29/3.33 4.3/4.25/4.2/4.15 4.45/4.5/4.55/4.6 464/58/52/46/40 482/88/94/500 unit stoploss 1211 1199 18.31 18.18 72.7 72.1 3.17 3.13 4.4 4.35 476 470 troy ounce troy ounce barrel pound mmbtu tonne

PLEASE UNDERSTAND BEFORE YOU TRADE TRADING GUIDELINES (or how to trade using this sheet):
1. This model is based on the premise that the TREND LEVEL is the most important price level that decides the intraday trend. Much like how the door or a window hangs by a hinge and sways in the wind, the intraday trend also hangs by this TREND LEVEL and swings because of the demand-supply, volatility and market sentiments prevailing in the market. Hence its importance in intraday trading. 2. Opening Price is considered around close of previous day. Avoid BUYING if Prices open abnormally High and Avoid SELLING if prices open too low. 3. If the market price is stable above the TREND LEVEL, then GO LONG. and book profit near the resistant level (res1 and res2) 4. If the market price is stable below the TREND LEVEL, then GO SHORT. and book profit near the support level (sup1 and sup2) 5. STOP LOSS: Since you are aware of the potential returns at the time of initiating an intraday trade (difference between the entry price and profit targets), you should set up an appropriate STOP LOSS around 1% above below of the trade price to protect yourself if the market turns and goes against you. 6. ALTERNATE STRATEGY: If you have already initiated a trade with clear-cut profit targets and a stop loss level, and find during the course of the trading day that the market turns and goes the other way and crosses the TREND LEVEL, then trade again: .For instance, if your first trade was a LONG trade and the market price drops through the TREND LEVEL to lower price levels, then GO SHORT.. And, if your first trade was a SHORT trade, and the market price rises through the TREND LEVEL to higher price levels, then GO LONG.

World indices
world indices index dow jones index nasdaq composit s&p 500 FTSE nikkei 225 australia ordinary hang seng shanghai composit weekly go short long short long short long short long short long short long short long short long levels entry 10130 10240 2248 2272 1084 1093 5200 5245 9750 9900 4480 4550 19920 20150 2645 2675 31st may / 4th june 2010 targets 10030/9900/9770/9640/9510/9380 10300/410/530/640 2224/2200/2176/52/28/04 2296/2320/44/68 1073/63/53/43/33 1103/12/22/31/41/50/60 5160/115/5085/40/5000 5285/5330/70/5415/55 9600/450/300/150/9000 10030/160/290/420/550 4430/390/350/310/270/230 4600/640/680/720/760/800 19590/19260/18930 20500/20850/21200 2605/2565/25/2485/45/05 2715/55/95/2835/75 stoploss 10240 10130 2272 2248 1093 1084 5245 5200 9825 9825 4515 4515 20150 19920 2675 2645

30-05-2010 to 05-06-2010

13

What has happened in GREECE till now

Greece is swamped by 300bn euros of debt. Greeces public debt would stabilize above 150% of its GDP and 3% in terms of Euro GDP. The European Union has approved of a $1 trillion emergency rescue package. The largest financial rescue of a nation from bankruptcy will involve credit of 80 billion euro from the 15 other euro zone nations and 30 billion euro from the International Monetary Fund. IMPENDING DISASTER common Euro in 1998. With time many joined, Greece swapped for the Euro in 2001. Euro is a currency based on a monetary union, with a European Central Bank, but not a fiscal union. That means that each government of each Euro zone country decides its own government spending (ie fiscal policy), and therefore whether it runs a deficit and needs to borrow money. Normally, a country needs to manage both monetary and fiscal policy to manage its economy, and in of GDP even without a Greek default. At that stage, Italy would have a 126% debt-toGDP ratio, actually higher than Greece at 116%, and followed by Belgium at 109%, Portugal at 102%, France at 1 0 0 % Ireland at 89% and Spain at 81%. Even Germany, Ph: 9830039085 the richest EMail: bluechips4u@gmail.com economy in Euro zone g o v e r n m e n t , that was looked to for (an scrapping some 6,000 bailouts s e m i - o f f i c i a l opportunity it has o p e r a t i o n s . effectively declined), Thousands of board weighs in at 74%. members will be out While the IMFnext three years. Not renewing tens of thousands of contracts in the public sector. To close down or merge hundreds of publicsector organizations. Shrinking local times government revenues. The Greek crisis will likely force other weak economies in the euro zone to get their deficits under control, with a corresponding reduction in demand. Europe could experience a doubledip recession, possibly again slipping into a contraction in 2010. It could also lead to a stagnation scenario, much like the one Japan has experienced for the past 20 years. India ships about a fifth of its exports to the European Union, and if those falter, the resulting pain would move along tightly knit supply chains and manufacturing networks. Companies will have a tough time in getting QIP funds and FCCB redemption pressure will be maximum. China which has over US$ 2 trillion in forex reserves was over a year working on reducing US$ positions with that of Euro. Not only is that idea shelved it has also announced that this years target of 10% export jump is ruled out. E q u i t y markets have seen a 80% rise in from lows of 2009. The Greece debt spread can cause a 10 20% correction in the next 6 months. USA has seen improvement in consumption with reduction in imports and increase in exports in 2009-10. The strong EURO will help them further their cause. However, a strong US Dollar can hurt US exports and make imported goods cheaper thereby e f f e c t i n g employment. India has a very high fiscal deficit and political motives can disrupt reforms and imbalance further the GDP: Fiscal Deficit. Moreover, Indias dependence on Foreign Investments is very high. Any disruption in flow will have damaging consequences in the chain of growth. RBI has plans to exit from stimulus which maybe stalled / delayed due to the current turmoil.

Dinesh Nagpal

Why the Greece crises is different from all other crises

Germany Retirement Age 58 -ve Population Poor due to lanGrowth guage and limited Immigration resources.

Greece
50 -ve Poor due to language and limited resources.

India
58 +ve High Population has effectively supported brain drain.

USA
65 Stable Stringent yet sees millions of immigrants moving in.

The current crises is similar to the 1931 Great Depression crises countries are having similar high debt and default crises. During that time money flowed into US Bonds and Gold which lead to fall in US$ and thereby massive correction in EQUITY markets. This deficit did not occur overnight. It has been rising since a decade. Mismanaged financial governance, excessive spending on debt with poor internal resources are key triggers. The Greek Govt had been underreporting fiscal spending uptil October 2009 until the ministry changed and disclosed. The creation and emergence of EURO Euro was created in the late 90s and came into full effect by 2001. The major European countries Germany, France, Belgium took the initiative of swapping their currencies for 1 particular to get out of recession while managing inflation. The design of the EMU did not create a formal procedure for something they thought would rather not happen, that doesnt mean it wont happen. This was one of the reasons Britain decided not to join the single currency. They feared if a country or few would run much larger deficits than were allowed. The result would be a colossal mess. Measures taken by GREECE so far. Pass a new tax law to help slash deficit. Agree to slash $38 billion from the state budget over the of jobs. Has already passed an Act which increases the retirement age of females, discourage early retirement and reduction in interest in pensions funds, higher for those seeking voluntary retirement. Damages beyond GREECE Spain has merged 4 of its banks in order to save them from the crises and go bankrupt. Germany has threatened to withdraw from the Euro if weakened nations dont take harsh measures. According to estimates that by 2014, total Eurozone debt will exceed 88% World Bank model suggests is a healthy debt level for a strong economy; 50% of GDP, two times exports and three

Standard Chartered IDR subscribed over 2 times

The StanChart issue got bids for more than 449mn IDRs as against 204mn IDRs on offer. The Indian Depository Receipts (IDR) issue of Standard Chartered Plc received a muted response and was eventually subscribed more than two times on Friday, which was the last day of the bookbuilding. The issue opened for general subscription on May 25. The StanChart issue got bids for more than 449mn IDRs as against 204mn IDRs on offer. Retail investors and eligible employees subscribing to IDRs under the retail and the employee portion respectively, and whose bid amount does not exceed Rs100,000, will benefit from a further 5% discount to the final issue price. Ten IDRs will represent one underlying share of StanChart and the new shares issued in aggregate would constitute 1.16% of the post-issue paid-up capital of the company. The Anglo-Asian bank offered ~240mn IDRs at Rs100 to Rs115 each. It sold 15% of the offering to so-called anchor investors including ICICI Prudential Asset Management Co. and Reliance Capital Ltd. for Rs104 a share.

IF NOT AVAILABLE IN MUMBAI CALL OUR DISTRIBUTOR : PHONE (022)30224757

14

30-05-2010 to 05-06-2010

NIFTY MIGHT BE IN 000000000 A RANGE WITH HIGH UPS N DOWN AND THE RANGE COULD BE 4950-5150
DEAR READER OF THE ECONOMIC REVOLUTION , N I F T Y NAMSKAR, SO FRIENDS ON TUESDAY IT SEEMS THAT WORLD IS OVER NIFTY WILL TOUCH 4500 VERY SOON MAY BE NEXT DAY DAY 100 POINT UP SECOND DAY 100 POINT DOWN WHO IS MAKING MONEY IN THIS KIND OF TRADE IF I LOOSE THIS MONEY THEN CAN I BE ABLE TO SLEEP IN NIGHT IF YOU GET THE ANWILL OUT OF THE MARKET. NOW LETS TALK ABOUT NIFTY IT HAD GIVEN CLOSE OF 5066 NOW WHAT WE CAN EXPECT FROM THIS AS PER ARE VIEW VOLATILITY TO CONTINUE FOR A WHILE ON THE DOWNSIDE 4900 4950 AND ON THE UPSIDE 5050 5100 SO NIFTY WILL REMAIN IN RANGE FOR A WHILE TO MAKE NEW MOVE AND THAT IS GOOD FOR ALL OF US OTHER WISE MARKET WILL GIVE BIG WHIPSAWS THAT WILL NOT ABLE TO DIGEST BY TRADERS AND INVESTOR AND IF TALK ABOUT SECTORS THEN BANKING STILL LOOKS GOOD SOME OF THE PHARMA STOCKS LIKE DR REDDY AND BIOCON LOOKING REALLY GOOD SO BET ON THAT IF YOU GET SOME CORRECTION AND STILL IF YOU WANT TO TRADES THEN WE HAD GIVEN LEVELS HERE ALMOST 95% ACCURACY IS THERE IF YOU ARE FOLLOWING VERY CAREFULLY.

AS WE HAD DISCUSSED EARLIER THAT METALS WILL LEAD THE RALLY ON THE UPSIDE DID YOE SAW WHAT HAPPENED TO STERLITE HINDALCO AND SESA GOA.
HOW WAS YOUR WEEK ENJOYED ?? LAST WEEK WE TOLD YOU THAT YOU WILL SEE BOTH SIDE MOVEMENTS UP OR DOWN EVERYONE WAS IN HURRY TO BUY ON MONDAY FOR WHAT REASON I DONT WANT TO DISCUSS AND HEY WHAT HAPPENED AND THERE IS U TURN IN THE MARKET NIFTY CAME BACK ALMOST UPTO 5100 THIS IS MARKET FOR YOU REALLY VERY EXICITING YES ONLY FOR THOSE WHO ARE ACTIVE KNOWS THIER RISK AND THEN PLAYING THE MARKET OTHERSWISE ONE

MARKET ENVIRONMENT THAT ONLY MARKET

SWER YES THEN ONLY TRADE OTHERWISE THERE IS

TRADING
Sr_ No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Scrip Name Close Price NIFTY 5066 NIFTY 5066 Bank Nifty 9312 Bank Nifty 9312 ACC 826 APPOLLO TYERS 7 0 . 5 BANK OF INDIA 3 2 5 BEL 1708 BHEL 2318 CHEENAI PETRO 2 4 5 CIPLA 320 CUMMINS INDIA 5 6 2 G E SHIPPING 296 HCL TECH 377 ICICI BANK 864 IDBI BANK 111.5 IFCI 52.45 INFOSYS 2677 ONGC 11 3 2 OFSS 2086 PATNI 554 RANBAXY 427

Religare Securities (RSL), one of the largest broking houses by market share, plans to go pubKNOWS. WHAT I NO NEED OF ALL lic in the next 12-18 months, its Chief Executive CAN SAY IS ASK THIS YOU WILL Officer, Mr Gagan Randev, has said. The broking KNOW house is looking at this timeline to give itself YOUR SELF BE- NEVER FORE MAKING ANY THAT WHEN YOU some room to restructure itself for the initial public offering (IPO) and also ensure that its new focus areas fully play out in this period, Mr Randev told Business Line here. Trade Price Tgt 1 Tgt 2 Tgt 3 Stop RSL, whose turnover primarily Type Range Loss comes from retail, aims to emerge in the next five years as the clear numSELL BELOW 5045 5020 4995 4975 5085 ber 1 by a wide margin compared to BUY 4920-4950 4975 5020 5060 4880 any other broking house, said Mr SELL BELOW 9250 9200 9160 9100 9410 Randev, who took charge as Chief ExBUY 8990-9020 9100 9150 9230 8980 ecutive Officer of the company a few BUY 818-824 830 838 840 808 months ago. RSL is now a whollyowned subsidiary of Religare EnterBUY 65-68 70 72 75 62 prises Ltd, a listed entity with diversiBUY 318-321 325 328 334 312 fied financial services interests. BUY 1680-1700 1720 1734 1758 1668 The big vectors of growth for RSL BUY 2280-2300 2320 2345 2360 2265 would be to focus on expanding the market and look at non-traditional BUY 242-245 248 251 255 238 products like gold exchange traded BUY 316-319 322 325 328 312 funds (ETFs), Mr Randev said. BUY 555-558 563 565 570 548 RSL also sees buying and selling of BUY 290-293 297 300 303 287 mutual funds through exchanges as a BUY 370-373 376 380 384 366 big driver of growth and something that the company would be focusing on in BUY 822-830 838 844 852 815 the coming days. Currently, we have BUY 108-110 105 11 5 11 8 120 350 branches. But, we are not going to BUY 51.50-52 52.8 53.5 54 50.6 be as aggressive in opening up BUY 2610-2625 2655 2685 2700 2550 branches as in the past. The big growth for us is going to come from franchises. BUY 1100-1110 11 2 2 11 3 3 11 4 5 1095 That (building franchises) is the model BUY 2040-2060 2080 2100 2122 2075 we are going to be focusing on big time. BUY 548-552 560 565 574 542 We currently have 1,200 business partBUY 418-422 428 433 440 412 ners, Mr Randev said.

IF WE TALK ABOUT SECTOR SPECIFIC THEN THERE IS STILL LOT STEAM LEFT IN BANKS CONSUMER DURABLES AND PHARMA SECTOR.

Religare Securities plans public issue next year

LEVEL

-29-May-2010

A MULTY ANALYST WEEKLY ON LINE

30-05-2010 to 05-06-2010

Buy & Sell

15 Pg. 4 Cont. from

NIFTY RECOVERED: LONG POSITION ONLY ABOVE 5100 SPOT

As previously indicated that nifty will have some short covering and will have some bounce back below 4900 level. Now the long position can following a buoyant close on Wall Street overnight and the strong opening on the European bourses keep the bulls rooted to the ring this afternoon. T h e reaffirmation by the Chinese government that it remains a have posted strong gains, lifting the BSE Metal index up by nearly 3.5%. Realty stocks are also in strong demand in previous week. Mirroring their surge, the Realty index is up nearly 3% at present. Consumer durables, FMCG, automobile, power and PSU stocks are also up with sharp gains. Bank, oil and capital goods stocks are a bit subdued. Even as buying remains a bit selective Mahindra, ended March 31, 2009. the top gainer in the & Metal index. SAIL, JSW Jaiprakash Associates, Total income of the Steel, Welcorp, Jindal Reliance Communica- company increased Saw, NMDC, Hindustan tions, Tata Power, ITC from Rs 605998.00 milZinc and Nalco are also and NTPC are up 1% - lion for the quarter up with impressive 2%. BHEL, Tata Motors, ended March 31, 2009 gains. Realty stock DLF ONGC, HDFC, Hero to Rs 791001.20 million Tata for the quarter ended is up nearly 2% at Rs Honda, 275.60. Unitech is up Consultancy Services, March 31, 2010. At Rs with a gain of 2.3%. Infosys Technologies, 342, the Indian Oil HDIL has gained 6.3% at State Bank of India and stock is up by about Rs 223.60. India Bulls Reliance Industries are 0.6% at present. Real Estate, Orbit Cor- also trading firm. In- Among other stocks in poration, Peninsula dian Oil Corporation the Oil & Gas index, Land, Anant Raj Indus- has posted a net profit Hindustan Petroleum tries, Parsvnath Devel- of Rs 55567.70 million Corporation, Essar Oil, opers, Ackruti City, for the quarter ended Cairn India and ReliSunteck Realty and DB March 31, 2010 as com- ance Natural ReRealty are also up with pared to Rs 66229.60 sources are trading sharp gains. Mahindra million for the quarter firm. NIFTY SPOT:supports like 845/831/816 and On this starting of the week, if resistants like 877/890/939. Risk the nifty spot will be closed below takers can make positional short 5080 level, risk takers can make position below 845 for around 780 level. TATASTEEL:-

be possible only above

INTERNATIONAL INSTRUMENTS

5100 level as per spot basis with the stoploss of 4890 level for the same upward gain up to 5300 level. In previous week, With several blue chip stocks moving higher thanks to some frenzied buying in mid afternoon trade, the market remains high up in positive territory. A firm trend in Asian markets

long term investor in Europe helped buoy up sentiment on Wall Street on Thursday and Asian markets took cues and moved higher in previous week, setting up the stage for the bulls back home. Metal stocks are on a roll thanks to a firm trend in global metal markets. A host of stocks from the metal space

in large cap space, several midcap and smallcap stocks are trading firm with handsome gains. Jindal Steel, the top gainer in the Sensex, is up 4.2% at Rs 649.50. Sterlite Industries is up 3.8% at Rs 669.20. Hindalco and Tata STeel are up 1.75% and 1.1% at Rs 151 and Rs 488.50 respectively. Sesa Goa (up 8.2%) is

short position below 4980 level with the stoploss of 5100 level for the same downward level of up to 4700/4500 level. And if crosses and sustains above 5100 level, investors can make long position with the stoploss of 4890 for the level up to 5300 as per spot level basis. There are some strong supports like 4980/ 4890/4787 and resistants like 5100/ 5185/5290. ICICIBANK:B u y p o s t o in a l a b o v e 890 with the s t o p o ls s o f 845 for the same u p w a r d level of 945. There are some strong

There are some chances to touch 520 level from this level. Risk takers can buy this stock only for this week. Overall trend is bearish for this scrip. There are some strong supports like 491/479/ 463 and resistants like 501/517 /533. SUNPHARMA:-

Risk takers can make short

Continue on .....8

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30-05-2010 to 05-06-2010

Changing demographics favour noodle market as FMCG majors and Retailers vie for market space along independent manufacturers
Hyderabad, May 26, 2010: Two and a half decades since its launch, 2 minute Maggi noodles still dominates the instant noodles market in India. This Nestl brands runaway success can be regarded quite a feat, especially in a country where most packaged products struggle to make their presence felt. Taking a cue from Maggis success, a number of manufactures launched their own instant noodles in the early 90s but failed to create a dent in its market share. Even today, Maggi enjoys a market share of over 70%, despite the presence of a number of other brands. This decade old dominance, however, is set to be shaken up. Apart from a couple of new launches by independent instant food manufacturers, the last two years have also seen the entry of organized retailers and FMCG majors in this market. While Hindustan Unilever and GSK recently extended their Knorr and Horlicks brand into the noodles category, ITC is speculated to launch its own instant noodles under the Sunfeast brand. Amidst this jostle for market share, the lure of better margins have pushed organized retailers to go as far as reducing shelf space for FMCG brands to make space for their own private labels. So whats behind this sudden rush of interest in such an age old product? These launches represent a smart move by manufacturers to capitalize on the fundamental shifts in socio-economic patterns of the Indian society, rather than a me-too strategy. The manufacturers are trying to tap the potential, this change has to offer, answers Ankit Bansal, consultant with Datamonitor, Consumer Markets team. According to Datamonitor estimates, the instant noodle market in India is worth over Rs 1,300-crore and is growing at a phenomenal rate of over 1720% per year. Chief reasons responsible for this growth include a rise in the number of working professionals living away from parents, lack of time, and premium placed by consumers on convenient food options, says Bansal. One key reason for instant noodles always being a hit with the Indian consumers is the ease & speed with which it can be cooked. Some manufactures have further enhanced the convenience quotient by coming up with innovative packaging that does away with the need for a cooking stove and utensils. Noodles sold in a cup can be eaten right away after adding hot water; perfect for onthe-go consumption. Apart from the traditional positioning for kids, manufacturers are now targeting the adult consumers as well by leveraging on the convenience aspect which has become more important given the changing employment patterns. Over the last decade, several Indians have relocated to satellite towns and tier-2 cities in search for better job opportunities. This, coupled with increasing employment of women in the workforce has led to a manifold increase in households with no parents at home to act as caretakers. As a result, working couples and bachelors alike who lack the time and skills to cook for themselves, seek refuge in ready to cook food offerings. Consequently, noodles which so far have served primarily as a snack for relinquishing betweenmeal hunger pangs are now being adopted as a complete meal in themselves. Given the increasing competition, manufacturers are constantly innovating with their product offerings to stay abreast of changing cons u m e r psychographics. Even the market leader Nestl has adapted itself with time to maintain its robust sales growth. The best example is the launch of whole wheat Atta Maggi, a variant to avert health conscious mothers from switching brands or even giving up the purchase of noodles altogether in favour of healthier food choices for their kids. Playing on this trend, there have been numerous attempts by marketers to ride on the health and wellness wave that has swept the urban Indian consumers. Foodles from Horlicks is a step ahead of other brands in market, and claims to have a multi-grain formulation fortified with vital nutrients. It remains to be seen however if the likes of Foodles can grab a sizable share of the market by banking on the health food image, in a category which so far has only been an indulgent snack. Bansal is a bit skeptical of Foodles potential for success. He states, Foodles will do well only as long as consumers accept and like its taste, especially that of the multi-grain variety. Though healthier alternatives have been doing well, the flagship curryflavoured Maida noodles are still the largest selling variant by a huge margin. There is certainly a lot of scope for new and exotic flavours though, that can appeal to different ethnicities in India. New flavours are likely to see greater adoption among working class consumers who are open to experimenting with new cuisines and have also adopted noodles as a regular meal item. Moreover, taste differentiation is the only practical option for independent players who are unable to compete either on marketing prowess or selling price, says Bansal. Growth opportunities for noodles are not restricted to urban areas alone as several FMCG companies have increased their reach in the rural markets as well. Nestl already targets rural/semi-urban markets with a low priced iron-fortified variant of Maggi noodles. Thus, to sum up, the competition in this space is set to sizzle while providing diverse consumer segments with an ever increasing set of options to suit their unique preferences.

Kalpataru Power Q4 net profit jumps 147%

Revenue for the quarter has increased by 50.14 % to Rs. 8.38bnas compared to Rs 5.58bn in the corresponding period last year. Kalpataru Power Transmission Ltd, a leading global EPC player in power T&D sector has reported a robust hike of 147.73 % in PAT, amounting to Rs. 574mn for the quarter ended March 2010 as against Rs 231.7mn in the corresponding period of previous fiscal. Revenue for the quarter has increased by 50.14 % to Rs. 8.38bnas compared to Rs 5.58bn in the corresponding period last year. The Board of Directors at its meeting held here took on record annual financial results for the fourth quarter and full year ended March 31, 2010. The Board of Directors has recommended a dividend of Rs 7.50 per equity share of Rs 10 each on increased capita base of 30692114 equity shares after QIP issue. Kalpataru Power Transmission Ltds net profit for the year ended March 31, 2010 stood at Rs 1.70bn, up by 80.55 % from Rs 944.1mn in the last financial year. The Revenue for the year ended on March 31, 2010 rose by 37.80 % to Rs 25.97bn as against Rs 1884.81 crore last year. Earnings per share (EPS)Basic & diluted is at Rs 64.32 as against Rs 35.63. The consolidated Revenue of the company rose by 23 % to Rs 40.08bn for the year ended March 31, 2010 as against Rs 3259.00 crore in the previous fiscal. The consolidated PAT for the year ended March 31, 2010 was Rs 1.95bn, up by 52.46 % as against Rs 1.28bn in the previous financial year. Consolidated Earnings per share (EPS)-Basic & Diluted is at Rs 67.05 as against Rs 41.87. Commenting on the results, Mr. Manish Mohnot, Executive Director, Kalpataru Power Transmission Limited said, KPTL posted a healthy growth on the back of companys impressive order book and excellent execution capability. The outlook for the current financial year is positive with renewed emphasis on BOOT orders and governments thrust on speeding up of UMPPs and power generation plans of various SEBs. Major Achievements of the Company: Standalone Revenue crossed Rs. 25 bn Consolidated Revenue stood at above Rs. 40 bn International revenues above Rs. 10 bn Order backlog is above Rs 50bn excluding L1 bids. Received 1st IPTC BOOT Project from HVPNL in consortium with Techno. Adding tower manufacturing capacity of 30000 MT at Raipur to make total production capacity to 138000 MT

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30-05-2010 to 05-06-2010

17
each. This was primarily due to the above reasons. Sources said the government is keen on PSU issues being evenly paced and better timed. The government now hopes for better investor response to sell-offs. Other PSU sell-offs will also benefit from the CCEAs decision. C N B C TV18 learns that Coal India IPO is a sensitive issue in the West Bengal civic polls. Civic polls in West Bengal will be held on May 30. Coal India is headquarters is in Kolkata. Now, that the bankers can be appointed before the entire preIPO work will be done. When the Cabinet s approval comes in August, Coal India will be able to hit the markets.

Coal India IPO gets a leg up

The initial public offering of Coal India has got a shot in the arm, after the Cabinet Committee on Economic Affairs (CCEA) shortens the process for appointment of investment bankers. The Coal India issue is on track for August 2010, sources told C N B C - T V 1 8 s Aakansha Sethi. Public sector undertakings (PSUs) can now appoint investment banks/advisors prior to CCEA nod. Earlier, I-Banks could only be appointed post CCEAs nod. Only then would the process of preparation of the draft red herring prospectus start. This would take a lot of time. For instance, Sutlej Jal Vidyut Nigam was not ready to hit the market due to accounting standards and board composition of the board, i.e. they did not have enough independent directors. All of that starts after the

Cabinets approval is through. Now the CCEA has allowed investment bankers, advisors, and other intermediaries to be appointed before the nod is through. This will mean that the DRHP can be prepared and the issues can be timed in a better way. For instance, the NTPC, REC and NMDC issues hit the markets within a gap of a month

Emmar MGF to reduce Rs 3850cr IPO size by 20%: Sources

The global market turmoil seems to have transcript of her comments on CNBC-TV18. Also see the accompanying video. Typically, a company does not have to re-file its prospectus with the Sebi if it reduces its issue size by 10%. But since it plans to reduce its issue size by 20%, the company will have to seek Sebis clarification on whether it needs to re-file a new prospectus or not. At present, the company feels that it does not have to file a new prospectus. CNBC-TV18 learns that the company will take a decision on the timing of the IPO by mid-June on account of the volatility in markets. It is in no immediate hurry for funds and its funds situation is comfortable till October. The company has to repay USD 120 million to foreign investors by October, so they are comfortable if the IPO comes out by October. The other reason why it plans to reduce its issue size is because the intended purpose for the IPO proceeds has come down. The company has been able to lower its debt by Rs 1,700-1,800 crore to Rs 5,000 crore. Sources attribute this to the internal cash generated by the 7-8 successful launches in the last six months.

taken its toll on Emaar MGFs initial public offer (IPO) plans, sources told CNBC-TV18s Nayantara Rai. Sources indicate that the company is likely to reduce the size of the Rs 3,850 crore issue by about 20%. Emaar MGF got approval from the Securities Exchange Board of India (Sebi) for its IPO in March. Here is a verbatim

and the euro fell on Friday after a downgrade of Spain's credit rating sent a new chill through markets already worried about the European debt crisis. The downgrade by Fitch Ratings ignited fresh selling in equities that were already lower after lackluster U.S. economic data sparked caution ahead of long holiday weekends in the United States and the UK. The euro was on track for a hefty 7.7 percent decline against the dollar in May, in what would be the biggest percentage drop since January 2009. On Wall Street, the Dow and the Standard & Poor's 500 registered their worst monthly percentage losses since February 2009. Fitch downgraded Spain's credit rating one notch from its coveted AAA status, saying it expects Spain's rate of economic growth to be materially reduced over the medium term as it adjusts to a lower level of debt. Fitch cited an inflexible labor market and a restructuring of regional and local savings banks as hindrances to the pace of adjustment. "It definitely spooked the market, no doubt about it," said Terry Morris, senior equity manager for National Penn Investors Trust Company in Reading, Pennsylvania. "Up until now it's been mostly Greece and the threat of Spain and Portugal and Ireland. With Fitch actually downgrading Spain, it seems as if it is no longer a hypothetical, the contagion is now real." The euro fell 0.82 percent to $1.2266 , putting it on track for its sixth consecutive monthly drop. The euro also declined versus the yen , and was last down 0.9 percent at 111.59 yen. "We see multiple downgrades

Fitch downgrades spain; US stocks, euro tumble World equities slid ahead for Spain," said wether Apple Inc manWin Thin, senior currency strategist at Brown Brothers Harriman in New York. "Indeed, Spain is the 800-pound gorilla in the room. Greece and Portugal are small countries, but Spain is about five times their size with regards to GDP." He said his firm remains negative on the euro. "We think this is going to be a multi-year bear trend for the euro," he said. Major U.S. stock indexes shed more than 1 percent, and U.S. Treasury debt slightly extended gains, hitting session highs as investors sought safe haven assets after the Fitch downgrade. Benchmark 10year Treasury notes climbed 21/32 in price, with their yields dropping to 3.29 percent from 3.36 percent on Thursday. The Dow Jones industrial average fell 122.36 points, or 1.19 percent, to 10,136.61. The Standard & Poor's 500 Index shed 13.65 points, or 1.24 percent, to 1,089.41 and the Nasdaq Composite Index declined 20.64 points, or 0.91 percent, at 2,257.04. For the month, the Dow fell 7.9 percent, the S&P shed 8.2 percent and the Nasdaq lost 8.3 percent. The declines were the worst for the Dow and S&P since February 2009 while the Nasdaq suffered its worst monthly drop since November 2008. Markets had been pressured early in the day after a Commerce Department report that U.S. consumer spending failed to rise in April after six straight months of gains, cast a cloud over the outlook for the consumer-driven U.S. economy. Traders were particularly cautious ahead of the long holiday weekends in London and New York, and ready to step back and take profits after a strong equities rally on Thursday. Technology bell-

aged to buck the downtrend, after Asian and European customers mobbed stores as the iPad tablet computer debuted outside the United States. Apple shares rose 1.4 percent. Bank of America Merrill Lynch raised its price target on Apple by $25 to $325 and kept its "buy" rating. Financial and energy shares were among the day's biggest decliners. The S&P financial indexlost 2.14 percent and the S&P energy index shed 2 percent. Equities measured by the MSCI All-Country World Index fell 0.17 percent after earlier hitting a one-week high. The index is down about 9 percent in May and on track for its worst monthly loss since February 2009. In Europe, markets closed ahead of the downgrade of Spain's credit ratings. The pan-European FTSEurofirst 300 index fell 0.3 percent, with energy shares falling along with a drop in crude oil prices. "It looked quite bullish earlier, but investors are taking risk off the table going into the weekend and also holidays in the U.S. and the UK on Monday," said Matthew Brown, sales trader at ETX Capital. "They are not keen to hold equities." Tokyo's Nikkei average closed up 1.3 percent in its best one-day performance in two weeks as exporter shares climbed on a halt in the yen's advance. In energy and commodities, U.S. light sweet crude oil fell 58 cents, or 0.78 percent, to settle at $73.97 per barrel, and gold rose $2.71, or 0.22 percent, $1213.80. The Reuters-Jefferies CRB index has declined 8.3 this month as Europe's debt crisis pushed the commodities benchmark to its worst monthly return since November 2008.

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18
Marvellous Research
and sustenance of good performance of the industrial and services sectors on the back of rising domestic and external demand. The RBI at its annual policy review on 20 April 2010 said it will continue to monitor macroeconomic conditions, particularly the price situation closely and take further action as warranted. The monsoon rains are likely to hit the countrys southern coast in three to four days, the India Meteorological Department said in its latest forelands are rain-fed and more than half of the workforce is employed in the agriculture sector. The quantum of rainfall in the crucial sowing month of July and distribution of rainfall during the monsoon season also holds key. The fourth quarter corporate results are almost over. The combined net profit of a total of 2,668 companies rose 10.90% to Rs 77238 crore on 25.80% rise in sales to Rs 812809 crore in the quarter ended March 2010 over the quarter The key benchmark indices rebounded on Wednesday, 26 May 2010 from 3-1/2 month lows hit on Tuesday, 25 May 2010, tracking recovery in world stocks triggered by bargain hunting after a sharp slide. The BSE 30-share Sensex rose 365.36 points or 2.28% to 16,387.84. clusion soon for a gas supply agreement between Mukesh Ambanis RIL and younger brother Anils Reliance Natural Resources (RNRL). The scrapping of the non-compete agreement between the two groups means RIL can enter financial services, telecom and infrastructure sectors whereas the Anil Dhirubhai Ambani group (ADAG) can enter petroleum and petrochemical businesses. The settlement comes two weeks after the Supreme Court ruled in Mukesh Ambanis favour in a bitter public dispute over gas pricing. The court on 7 May 2010 ordered the brothers to renegotiate within six weeks a private natural gas supply contract between Reliance Industries and Reliance Natural Resources. The new contract must abide by a government price of $4.2 per million metric British thermal unit (mmBtu), compared with $2.34 per mmBtu the brothers agreed on in 2005 for a 17-year period. Meanwhile, RIL during market hours on Friday, 28 May 2010 said it made a fifth oil discovery in Cambay basin in Gujarat. Shares of Anil Dhirubhai Ambani group spurted. Reliance Natural Resources (up 17.75%), Reliance Power (up 12.97%), Reliance Communications (up 10.53%), Reliance Infrastructure (up 6.26%), Reliance Capital (up 6.26%), jumped. Indias largest cigarette maker by sales ITC rose 3.9%. The scrip hit an all time high of Rs 283.10 on Friday, 28 May 2010. ITC said at the time of announc-

30-05-2010 to 05-06-2010
Cont. from Pg. 19
ing Q4 March 2010 results on Friday, 21 May 2010, that a meeting of the board of directors will be held on 18 June 2010 to consider issue of bonus shares. The cigarette majors profit rose 27% to Rs 1028.22 crore in Q4 March 2010 over Q4 March 2009. The company announced the result during market hours on Friday, 21 May 2010. Indias largest steel maker by sales Tata Steel slipped 2.6%. Tata Sons, the main investment firm of the Tata Group, is likely to inject around Rs 1,350 crore in Tata Steel through a preferential share-cum-warrant issue to part-finance the steel maker s future growth plans. The Tata Steel board on Thursday, 27 May 2010, decided to make the preferential allotment of 1.5 crore equity shares along with a 1.2 crore warrant issue to Tata Sons. The warrants can be converted into equity shares at a later stage at a pre-determined price. Indias top truck maker by sales Tata Motors jumped 5.31%. The company reported a consolidated net profit of Rs 2571.06 crore in the year ended March 2010 as against a net loss of Rs 2505.25 crore in the year ended March 2009. Net sales rose 30.7% to Rs 91893.45 crore in the year ended March 2010 over in the year ended March 2009. Surge in consolidated net profit was helped by rising sales and profitability at its Jaguar Land Rover (JLR) unit. The result was announced after market hours on 27 May 2010. Indias largest tractor maker by sales Mahindra & Mahindra rose 1.04%. The company on Wednesday, 26 May 2010, said it has entered into high growth electric car segment by acquiring a majority 55.2% equity stake in Reva Electric Car Company. The company announces its Q4 result on Saturday, 29 May 2010. Indias largest small car maker by sales Maruti Suzuki India lost 1.53%. Sterlite Industries (up 6.26%), Tata Consultancy Services (up 4.21%), DLF (up 4.05%), Larsen & Toubro (up 1.12%), rose. Overall the market wide OI on Friday increased by 5.97 crore shares to 175.05 crore shares as compared to the previous day. The stock option segment witnessed aggressive OI addition during Friday. The previous week spike cannot be assumed to be a trend reverser as the market still depends on the global market, which continues to be highly volatile and weak. The market may resume its downward spiral during the proceeding week as the mood still continues to be bleak. The GDP figure that the RBI is expected to announce during the next week will be closely watched as far as domestic trigger is concerned. So in the absence of any significant positive developments the market mood still remains bearish. MOST OF RESULTS FOR 2010 MARCH WILL PUBLISHED UP TO 31 MAY SO MARKET MAY BE HIGH VOLATILE DURING MONDAY AND TUSDAY BECAUSE IT CLOSE ABOVE 200 DMA

BULLS BACK

ARE

Bulls were back with a bang as the key benchmark indices surged for the second straight day on Thursday, 27 May 2010, on firm global stocks after

LONG TERM GOOD PICKS

DUNCAN INDUSTRIES :- (RS.12.82) BUY WITH SL OF 2 RS. AND ADD MORE ABOVE 13.65 TGT 27-30 WITHIN 5/6 MONTH FACOR ALLOY (RS.5.45) BUY WITH SL OF RS.1/- WITH TGT 25-30 IN AYAER MARKET INDICATE CLEARLY THAT 5500-5600 WILL BE TESTED WITHIN 3-4 MONTHS ON CHARTS .UNDER CURRANT IS BULLISH ON INDIAN MARKETS. OK GOOD BUY cast on Thursday, 27 May 2010. Conditions are becoming favourable for onset of southwest monsoon over Kerala during next 3-4 days, the weather office said. The weather office had said late last week that rains were on track to hit the countrys southern coast on 30 May 2010, and the Laila cyclone in the Bay of Bengal would not derail the vital June-September rainfall. The India Meteorological Department (IMD) in late April 2010 said rainfall is likely to be 98% of the long-term average. Good monsoon rains would help raise farm output, boost rural incomes and lower food inflation. The south west monsoon is important for India as about 60% of the countrys farmended March 2009. The key benchmark indices settled marginally higher on Monday, 24 May 2010, giving away strong intraday gains, as European stocks and US index futures fell. The BSE 30share Sensex rose 23.94 points or 0.15% to 16,469.55 on Monday. China signalled support for the euro zone. The BSE 30-share Sensex rose 278.56 points or 1.76% to 16,666.40 on that day. Stocks extended gains for the third straight session on Friday, 28 May 2010, as world equities rose. The BSE 30-share Sensex was up 196.66 points or 1.18% to 16,863.06.

HIGHER BOTTOM FORMED

The key benchmark indices tumbled on Tuesday, 25 May 2010 to their lowest level in more than three months as world stocks slumped amid tensions in Korea as well as anxiety over global debt levels and sovereign default fears. The BSE 30-share Sensex fell 447.07 points or 2.71% to 16,022.48, its lowest closing level since 10 February 2010.

FINALY MARKET CLOSE ABOVE 200 DMA

Index heavyweight Reliance Industries (RIL) rose 3.83% in the week after the feuding Ambani brothers Mukesh and Anil on Sunday, 23 May 2010, ended non-compete agreements in a move they hoped would lead to cooperation between the two groups. Both the groups said they aim to reach a con-

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30-05-2010 to 05-06-2010

19

The Week gone with strome

The key benchmark indices rebounded from 3-1/2 month lows hit early in the week, tracking recovery in global stocks. The S&P CNX Nifty regained the psychological 5,000 mark after falling below that mark in the preceding week. The market gained in 4 out of 5 trading sessions in the week ended Friday, 28 May 2010. from the stock exchanges. They had bought stocks worth a temporary facility. Besides, the central bank has decided to c o n d u c t t w o rounds of liquidity adjustment facility (LAF) operations till 2 July 2010. Through LAFs, that are conducted at least once a day, banks can avail of funds through the repo window or park surplus cash through the reverse repo route. China, India, Brazil and Russia are powering ahead, the Organisation for Economic Cooperation and Development (OECD) said on Wednesday, 26 May 2010, revising upwards its growth outlook for all four largest emerging economies. The OECD revised Indias GDP growth forecast for 2010 to 8.2% from its earlier estimate of 7.3%. It also raised the growth forecast for 2011 to 8.5% from its earlier estimate of 7.6%. The OECD also said that underlying inflationary pressures are likely to persist given the strong outlook for demand. ment on the back of strong corporate profitability, rising business confidence and favourable financing conditions, were other factors cited by IMF for its prediction of strong growth in Indias economy. Monday, 24 May 2010, said inflation is showing signs of moderating and the government expects to achieve a medium term target of 10% GDP growth annually. The Prime Minister said he expects inflation to expects 8.5% GDP growth in the year ending March 2011 (FY 2011). The RBI expects Indias economy to expand 8% in the year ending March 2011 (FY 2011) with an upward bias, assuming a nor-

what in cominig Week ?

Market mood still remains bleak, as the global mar ket is volatile and weak But it is opp. to go long with strickt stop-loss of 16690 and 5000
The previous week spike cannot be assumed to be a trend reverser as the market still epends on the global market, which continues to be highly volatile and weak During the previous week ended 28th May 2010, the global market positive mood swing resulted in short covering in the Indian market thus spiking the index considerably during the week ended 28th May 2010. For the full week under review the S&P nifty rose 135.30 points to close at 5066.45 on Friday Above its 200 DMA.. The key benchmark indices rebounded from 3-1/2 month lows hit early in the week, tracking recovery in global stocks. The S&P CNX Nifty regained the psychological 5,000 mark after falling below that mark in the preceding week. The market gained in 4 out of 5 trading sessions in the week ended 28 May 2010. However the nifty June future closed at a significant discount of 25.45 points to the underlying. Major spike in the Prime Minister Manmohan Singh on index during the previous week was due to short covering in the May F&O series and as the expiry approached some fresh long buildup was witnessed in some of the front-line stock futures. Nifty future closing at a discount suggests that there are short positions built-up there. The global market conditions will dictate the trend in the market going forward as the Euro zone crises still remain tense and is only expected to deteriorate further. Hence the turnaround during the previous week cannot be taken on face value as cautiousness still remains. The Nifty June open interest (OI) increased 1.90 crore shares during the week under review and the total OI stood at 2.59 crore shares. During the full week the stock futures also added significant OI. Fresh longs were witnessed in the stock futures; however nifty future OI addition still seems to be on the short side. During the week gone by Reliance June future added 97.56 lakh shares in OI, while Tata Steel and Tata Momoderate to 5-6% by December 2010. Singh tors June future added 1.66 crore shares and 64.50 lakh shares in OI. Unitech added 2.80 crore shares in OI, while ICICI Bank and DLF added 70.02 lakh shares and 1.09 crore shares in OI. In the nifty option segment however the indicators were positive, as the 5100, 5200 and 5300 strike call witnessed addition of OI due to fresh buying, while the 4900, 5000 and 5100 strike put witnessed fresh writing of OI. During the week under review the 5100, 5200 and 5300 strike call added 36.07 lakh shares, 24.64 lakh shares and 18.36 lakh shares in OI to take their total OI to 53.50 lakh shares, 46.99 lakh shares and 38.23 lakh shares respectively, while the above mentioned most active puts added 24.21 lakh shares, 13.94 lakh shares and 5.24 lakh shares respectively to take their total OI to 45.14 lakh shares, 37.13 lakh shares and 18.90 lakh shares. . The roll over of the stock and index future to the June series remained at decent levels. mal monsoon this year
Continue on ........18

CHARTS SHOWING RECOVERY ON CARD MAY HIT 5500-5600 IN AUGSEPT.

The BSE Sensex rose 417.45 points or 2.54% to 16,863.06. The S&P CNX Nifty gained 135.40 points or 2.74%

net Rs 2667.35 crore last month. Domestic funds have bought stocks worth a net Rs 6092.31 crore so far this month, till 27 May 2010. The Reserve Bank of India (RBI) on Wednesday, 26 May 2010, eased rules to

to 5,066.55. The BSE Mid-Cap index rose 1.01% and the BSE Small-Cap index gained rose 0.94%. Both the indices underperformed the Sensex. The Sensex had slumped to 15960.15 (near 3-1/2 month lows of 15651.99) on Tuesday, 25 May 2010, on sustained selling by foreign funds triggered by risk aversion amid euro zone debt worries. Foreign institutional investors (FIIs) have sold Indian shares worth a net Rs 13,067.32 crore so far this month, till 27 May 2010, according to data

boost liquidity at banks to avoid a cash crunch because of payments for corporate advance tax and license fees for thirdgeneration mobilephone spectrum. As per RBIs circular released on 26 May 2010, banks can borrow as much as 0.5% of their deposits from the central bank under the repurchase agreement till 2 July 2010. In addition, RBI said that as an ad hoc measure, banks can seek a waiver for any shortfall in maintenance of the prescribed 25% statutory liquidity ratio (SLR) while availing the

INDIAS GROTH

GDP

In its World Economic Outlook in April 2010, the International Monetary Fund (IMF) pegged Indias GDP growth forecast at 8.75% in calendar 2010 and 8.5% in calendar 2011. IMFs optimism was based on expectations of strengthening of domestic demand as the labour market improves. Expectations of increase in invest-

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