Global Research Limited

EQUITY
Market
Week : 28th Nov to 02nd Dec'2011

REPORT

WEEKLY
Analyst Speak

Fear Sparked On D-street, Last Support For Nifty At 4630

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Week : 28th Nov to 02nd Dec'2011

Week : 28th Nov to 02nd Dec'2011

Global Market News

Weekly Wrap
Markets ended near the day's lows after a volatile trading session Friday as foreign institutional investors remained sellers tracking weakness in Europe and Asia.

Global Market Analysis

NIFTY
NIFTY Properties Weekly Open Values

World Indices
World Indices Sensex Nifty DOW Jones Shanghai Comp. Nikkei CAC 40 FTSE Close 15,695.43 4710.05 11231.78 2397.55 8160.01 2856.97 5164.60 Weekly Chg Points -601.10 -163.75 -563.77 -19.18 -189.04 -124.82 -198.30 % Chg -3.38% -3.36% -4.78% -0.79% -2.26% -4.18% -3.69%

4873.80 4873.80 4639.10 4710.05

-163.75 -3.36%

The BSE benchmark index dropped once again to a low of 15,645 and finally ended at 15,695 - down 163 points. Nifty ended down 46 points at 4,710. For the week ended November 25, the Sensex and the Nifty were both down nearly 4% each. Asian markets slipped as the Euro fell to seven-week lows. Investors took to selling safer assets such as gold and government bonds in Japan, as doubts continued to plague the market on the Euro Zone debt crisis. On Thursday, euro zone's three biggest nations ruled out calling on the European Central Bank to intervene and help tackle region's sovereign debt crisis. Nikkei ended flat at 8,160. Hang Seng, Taiwan Weighted, Straits Times and Seoul Composite slumped around 1% each.

Weekly High Weekly Low Weekly Close Weekly Chg Points Weekly Chg%

Asian & Emerging

Asian shares, euro fall to 7-week low on Europe's debt crisis: Asian shares and the euro fell to seven-week lows on Friday

Sectorial Indices
Indices BANK NIFTY CNX NIFTY JUNIOR Open 8806.70 9267.05 3851.65 5981 6639.65 4757.90 High 8806.70 9267.05 3851.65 6049.35 6660.45 4757.90 Low 8240.45 8802.90 3672.55 5739 6398.15 4528.80 Close 8488.60 9083 3742.20 5797.45 6597.70 4608.30

as European officials failed to soothe investor fears that the euro zone's debt crisis could trigger a damaging credit crunch if funding costs run out of control.

MSCI's broadest index of Asia Pacific shares outside Japan slumped as much as 1.6 per cent to its lowest level since early October and was set to post a weekly loss of 5.5 per cent, a fourth consecutive week of declines. HSBC Holdings, Europe's largest bank, slumped to its lowest since May 2009, dragging down the Hang Seng Index . Japan's Nikkei closed down 0.1 per cent after earlier touching a two-and-a-half-year low.

S&P CNX 500 CN XIT CNX MIDCAP CNX 100

US Market
Wall St Week Ahead: Europe bond yields to keep stocks spellbound: US investors came to the Thanksgiving holiday table on Thursday mostly thankful that the week was a short one, or losses could have been larger. As another round of news and bond auctions from Europe begins next week, traders will watch closely sovereign bond yields that have kept markets on edge. After a shortened session, the Dow Jones industrial average finished down 25.77 points, or 0.23 per cent, at 11,231.78. The Standard & Poor's 500 Index was down 3.12 points, or 0.27 per cent, at 1,158.67. The Nasdaq Composite Index lost 18.57 points, or 0.75 per cent, at 2,441.51 Global markets: Stocks end worst week in 2 months; euro at 7-week low: US stocks fell for a seventh straight session on

Gainers
Scrip PARABO.DRUGS PANTALOON INDLINVTRUST PATNI COMPUT STERLING BIO Current Close 36.70 201.20 204.25 448.20 67.80 Change 29.65 169.50 175.90 388.85 60.20 Chg % 23.78 18.70 16.12 15.26 12.62

Losers
Scrip BEDMUTHA IND PARSVNATH AMTEKINDIA KWALITYDAIRY KERNEX MICRO Current Close 44.05 36.00 78.35 70.10 60.65 Change 91.95 73.00 133.45 111.95 90.25 Chg % -52.09 -50.68 -41.29 -37.38 -32.80

Friday, leading global equity markets to their worst week in two months on fear that Europe's debt crisis is dragging on without a credible solution.

Micro Economic Front

FinMin clears 18 FDI proposals worth Rs 2,126 cr: The Finance Ministry today approved 18 FDI proposals, including that of

Mutual Fund Invesement

Indices 24-Nov-2011 23-Nov-2011 22-Nov-2011 21-Nov-2011 Buy Value 732.90 693.60 828 605.80 Sell Value 581.10 469.80 355 392.90 Net Value +151.80 +223.80 +473 +212.80

FIIs Investment
Indices 25-Nov-2011 24-Nov-2011 23-Nov-2011 22-Nov-2011 21-Nov-2011 Buy Value 2106.50 1726.30 1758.90 1893.90 1798.20 Sell Value 3212.90 2797.10 2621.10 2495.10 2553.70 Net Value -1106.40 -1070.70 -862.20 -601.10 -755.50

Dish TV and MCX, envisaging foreign investment of Rs 2,126 crore, while referring the application of Unitech Wireless to Cabinet. The proposals were cleared following recommendations of Foreign Investment Promotion Board (FIPB).
India to see 6.9% economic growth in Sep qtr: Nomura: India is expected to see a real GDP growth of 6.9% in September quarter while the "downside risk" for the economy has increased amid prolonged turbulence in the global financial markets, says a report. "We expect real GDP growth to remain below potential and inflation to moderate as tight monetary policy and weaker global growth cap demand," global financial services group Nomura has said.

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Week : 28th Nov to 02nd Dec'2011

Week : 28th Nov to 02nd Dec'2011

Weekly Analysis
Spot Nifty

Observation

Expert

Stock Of The Week

Observation

Expert

TECHNICAL OVERVIEW Markets ended near the day's lows after a volatile trading session Friday as foreign institutional investors remained sellers tracking weakness in Europe and Asia. The NSE benchmark index dropped once again to a low of 4693.10 and finally ended at 4767.30 - down 46.40 points. For the week ended November 25, the Sensex and the Nifty were both down nearly 4% each.

TECHNICAL LEVELS
Properties Support 1 Support 2 Resistance 1 Resistance 2 Values 4630 4530 4780 4880

Weekly Chart

ANALYST RECOMMEND

BUY
PUNJAB NATIONAL BANK
Symbol
PNB (NSE)

Bank Nifty

Company Name
PUNJAB NATIONAL BANK

Price
Rs. 882.70

Change
Rs. -2.30

Volume
431784

52 Week High
1,324.90

% From High
-33.38%

Day High
893

EPS
145.22

Weekly Chart

Stock Analysis
Punjab National Bank is moving under a consolidation phase after a sharp fall .It can give good recovery in coming day. If it sustain above 895 levels it will take up rally till 814.we recommend Buy Punjab National Bank in NSE cash above 895 targets 905, 914 with the stop loss of 885.
TECHNICALS
Indices Punjab National Bank

TECHNICAL OVERVIEW Bank Nifty Futures shut stop at 4710.95 up by -70.65 points or -1.48 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 8350 else above resistance level of 8550 it would be in an upward trend.

TECHNICAL LEVELS
Properties Support 1 Support 2 Resistance 1 Resistance 2 Values 8350 8230 8550 8720

Support Resistance

885 895

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Week : 28th Nov to 02nd Dec'2011

Week : 28th Nov to 02nd Dec'2011

CAN SLIM
WHY CAN SLIM?
CAN SLIM is a formula created by William J. O'Neil, who is the founder of the Investor's Business Daily and author of the book How to Make Money in Stocks - A Winning System in Good Times or Bad. Each letter in CAN SLIM stands for one of the seven chief characteristics that are commonly found in the greatest winning stocks. The C-A-N-S-L-I-M. characteristics are often present prior to a stock making a significant rise in price, and making huge profits for the shareholders! O'Neil explains how he conducted an intensive study of 500 of the biggest winners in the stock market from 1953 to 1990. A model of each of these companies was built and studied. Again and again, it was noticed that almost all of the biggest stock market winners had very similar characteristics just before they began their big moves.

S
Supply and Demand: Shares Outstanding Plus Big Volume Demand.
Primary Factors PUNJAB NATIONAL BANK is a large cap stock consisting of Rs. 27808.63 crores Shares Outstanding (Total Public Shareholding)

L
Leader or Laggard: Which is your stock?
Primary Factors PUNJAB NATIONAL BANK is a leading stock with a relative strength above 35.01% in Weekly and 35.72% in Daily.

KEY STATISTICS

C
Current Quarter Earning per Share. The Higher The Better.
Primary Factors Almost 9.06% increase in Q o Q Earnings.

I
Institutional Sponsorship: Follow the Leaders.
Primary Factors Approximately 36.55 % of Shares are held by the Institutional Investors (FIIs, Mutual Funds etc.)

M A
Annual Earnings Increases: Look for a significant growth.
Primary Factors Annual Earnings showed an increase of 13.52% Y o Y.

Market Direction
Primary Factors If Market continues to remain in a secular uptrend, hence overall conditions are appropriate to initiate long position in the stock: A Big plus for the Stock

Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.

N
New Products, New Management, New Highs, Buying at Right Time.
Primary Factors PUNJAB NATIONAL BANK is set to have a breakout as it is being consolidating with positive biasness from last many trading sessions.

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