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RESEARCH

WEEKLY
STOCKS REPORT
Suspicion Continues-
Market Rally Fizzles Out On Euro Concerns

17th May 2010 to 22nd May 2010


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Weekly Report Stocks
Weekly
17th May to 22nd May 2010 Agri Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

WEEK WRAP
Nifty witnessed huge selling pressure in the second half of trade, NIFTY Properties Values
especially after European markets opening. The Index closed the
session below the 5100 mark. The Sensex also shed 271 points to
Weekly Open 5080.00
close below the psychological 17000 level

Almost the all major sectoral indices dragged the markets down.
Weekly Low 5058.20
The BSE Metal Index tumbled 3.5%. Realty, Oil & Gas, Bank,
Capital Goods, Auto and IT indices declined 1-2.5%. Weekly High 5218.00

Weekly Close 5083.65


ASIAN & EMERGING MARKET
The MSCI Asia Pacific Index rose about 1.6 percent to 120.00 Weekly Chg% -0.07
this week, the most since the period ended April 4. The index has
fallen about 7.1 percent from a 20-month high on April 15, as Weekly Chg Points -3.65
Europe's debt crisis and concern China will quell inflation eroded
confidence in the global economic recover.

Japan's Nikkei 225 Stock Average fell the most this week after
Sony Corp. forecast profit that missed analyst estimates, the euro
and dollar weakened against the yen and commodity prices World Weekly Chg
Close % CHG
declined. Indices Points

Hong Kong's economy expanded 8.2 percent in the first quarter, Sensex 16994.6 -225.49 -1.34
the fastest pace in four years, as exports and retail spending
rebounded from the global crisis. Nifty 5083.65 -3.65 -0.07

Asian currencies appreciated this week, led by Malaysia's ringgit DOW Jones 10620.16 -239.73 -2.31
and South Korea's won, on signs the region's economic growth is
gathering pace, bolstering demand for emerging-market assets. Shanghai Comp. 2696.63 -8.25 -0.31
Shanghai Composite Index entered a so-called bear market
after having lost 21 percent from its Nov. 23 high on concern Nikkei 10462.51 -97.92 -0.94
China intensified steps to cool its property market. Consumer
prices rose in April at the fastest pace in 18 months, and property CAC 40 3560.36 -167.77 -4.95
prices jumped a record 12.8 percent, China's statistics bureau said
this week. FTSE 5262.85 -139.85 -2.73

MICRO ECONOMIC FRONT


India will set up a $11 billion dollar fund to upgrade its creaking US MARKET
infrastructure, refinance high cost debt and develop the debt market
by issuing more long-term paper, a planning commission adviser said. U.S. stocks fell, paring a weekly rally that's the biggest in two
India has possibly grown 7.2 percent in the fiscal year which ended in months, as concern Europe's debt crisis is destabilizing its currency
March and is expected to grow around 8.5 percent in the fiscal year overshadowed stronger-than- estimated reports on retail sales
2010-11. and industrial production.
India's wholesale price index (rose an annual 9.59 percent in April, The S&P 500 lost 1.9 percent to 1,135.68 at 4 p.m. in New York,
driven by high food and fuel prices, government data showed on
trimming its weekly advance to 2.2 percent. The Dow Jones
Friday.
Industrial Average dropped 162.79 points, or 1.5 percent, to
India's wholesale price inflation is unlikely to touch double digits from 10,620.16. Seven stocks declined for every one that rose on U.S.
now, the chief economic adviser in the finance ministry said on Friday. exchanges.

India's foreign exchange reserves fell to $276.238 billion as of May 7, Retail sales and industrial production in the U.S. climbed more
from $279.633 billion a week earlier, the central bank said. than forecast in April, indicating the economic recovery gained
momentum at the start of the second quarter.
The Reserve Bank of India expects India's economy to expand 8% in
the year ending March 2011 (FY 2011) with an upward bias, assuming
a normal monsoon this year and sustenance of good performance of
the industrial and services sectors on the back of rising domestic and
external demand.

India's inflation will ease and food inflation was showing slow but
steady decline, the chief economic adviser to the finance ministry said
on Friday. www.capitalvia.com | 2
Weekly Report Stocks
Weekly
17th May to 22nd May 2010 Agri Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Sectorial Indices
Indices Open High Low Close

BANK NIFTY 9419.50 9849.05 9402.05 9589.05


CNX NIFTY JUNIOR 10732.20 11074.60 10699.90 10895.30
S&P CNX 500 4229.25 4311.90 4219.85 4236.65
CN XIT 5780.80 5972.35 5772.90 5839.75
CNX MIDCAP 7852.00 7995.20 7745.40 7912.00
CNX 100 5044.30 5180.50 5044.30 5068.15

Gainers
Scrip Current Close Change Chg %
Hydros & Sinds 67.90 45.85 48.09
PudmjepulP&P 29.15 21.65 34.64
Bajaj Finser 511.85 398.10 28.57
Sejal Archit 89.15 73.40 21.45
Aqua Logisti 428.90 359.90 19.17

Losers
Scrip Current Close Change Chg %
Kesar Entpr 57.25 122.90 -53.41
Rel.Nat.Reso 49.60 68.50 -27.59
Panacebiotec 179.10 235.05 -23.80
Panor.Univer 171.45 218.85 -21.65
Syncom Healt 49.15 60.25 -18.42

DII’s Investments
Indices Buy Value Sell Value Net Value
13-MAY-2010 826.50 633.20 193.30
12-MAY-2010 574.60 702.90 -128.30
11-MAY-2010 439.20 636.00 -196.80
10-MAY-2010 825.60 702.10 123.50

FII’s Investments
Indices Buy Value Sell Value Net Value
14-MAY-2010 2514.70 2428.80 85.90
13-MAY-2010 2181.10 2347.00 -165.90
12-MAY-2010 2548.20 2400.00 148.30
11-MAY-2010 3407.20 2709.80 697.40

10-MAY-2010 2856.30 4446.20 -1589.90

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Weekly Report Stocks
Weekly
17th May to 22nd May 2010 Agri Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

WEEK AHEAD - Spot Nifty

Figure: 1 Nifty Weekly

TECHNICALS
NIFTY WITNESSED THE CORRECTION FROM HIGHER
Properties Values
LEVELS CLOSE TO 5200 AND MADE CLOSING BELOW
5100. AS WE HAD MENTIONED IN OUR PREVIOUS REPORT Support 1 5009
THAT ONE COULD GO FOR SELL ON RISE IN NIFTY FUTURE
Support 2 4924
FOR THE TG OF 5075 TO 5080 TODAY IT DID. NOW AS PER
THE CANDLESTICK CHARTS STUDY IT IS LOOKING THAT Resistance 1 5195
MARKET MAY MORE CORRECT FROM THE CURRENT
Resistance 2 5297
LEVELS. IN THE DOWNSIDE THE TWO CRUCIAL SUPPORTS
SEEMS TO BE AT THE LEVELS OF 4950 & 4820. SO WE
RECOMMEND THAT TRADERS COULD HOLD THE SHORTS
FOR SOME MORE TIME.THOSE TRADERS WHO LIKE TO
INITIATE NEW SHORTS COULD DO BELOW 4975 FOR THE
TG OF 4825 TO 4830.

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Weekly Report Stocks
Weekly
17th May to 22nd May 2010 Agri Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

WEEK AHEAD - Bank Nifty

Figure: 1 Bank Nifty Weekly

TECHNICALS
BANK NIFTY ALSO LOOKING WEEK AS THE MAJOR
Properties Values
STOCKS OF IT LIKE SBI, ICICI LOOKING WEEK AND MAY
WITNESS MORE CORRECTION FROM THE CURRENT Support 1 9377
LEVELS. IN THIS WEEK WE MAY SEE THE LOWER LEVELS OF
Support 2 9166
9200 TO 9230 IN BANK NIFTY. ONE COULD GO FOR SELL
ON RISE IN IT. IN THE DOWNSIDE THE 8980 TO 9000 IS THE Resistance 1 9824
KEY SUPPORT BASE
Resistance 2 10060

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Weekly Report Stocks
Weekly
17th May to 22nd May 2010 Agri Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

STOCK OF THE
WEEK

Deccan Chronicle
Holding
LL
S E

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Weekly Report Stocks
Weekly
17th May to 22nd May 2010 Agri Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

Technical Picture

Stock

TECHNICALS
Deccan Chronicle is looking very weak on long term charts Indices DECCAN CHRONICLE HOLDING
and has been consistently weak since last 1 month and is
not sustaining at any higher levels. 140 is a very important Support 1 140
support level for this stock which if broken will further
Support 2 135
confirm bearishness in the stock and the stock can further
correct up to the levels of 135/131.50/126.55. Resistance 1 148.05
So Traders can Short Deccan Chornicle below 140 with SL
Resistance 2 157
of 148.05 for targets of 135/131.50/126.55.

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Weekly Report Stocks
Weekly
17th May to 22nd May 2010 Agri Report
1st March to 6th Mar 2010
RESEARCH
RESEARCH

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