Global Research Limited

EQUITY
Market
Week : 01st to 05th August 2011

REPORT

WEEKLY
Analyst Speak

Nifty Capped Off below 5500 at Expiry, Major Support at 5440

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Week : 01st to 05th August 2011

Week : 01st to 05th August 2011

Global Market News

Weekly Wrap
Markets ended on a flat note after swinging between gains and losses through the day as concerns over US debt deal deadlock and losses in heavyweight Reliance Industries weighed. The Nifty opened in the red following weak global cues, but managed to swing back into the green, to a high of 5,520 in the morning session. Upbeat results by largest private bank, ICICI Bank pulled the Nifty higher in the afternoon session, but losses in heavyweight Reliance Industries dragged the index in the last leg of the trade. Finally, the Nifty ended at 5,482, down 6 points and the BSE benchmark Sensex closed at 18,197, down 12 points. Markets across the globe were jittery after rating agency Moody's put Spain's government bond on a review for a possible downgrade, raising concerns that a resolution over Greece was not enough to stop the debt crisis from spreading to other countries in the Euro-zone. European indices CAC, DAX and FTSE 100 were down, between 0.7-0.8% each.

Global Market Analysis

NIFTY
NIFTY Properties Weekly Open Weekly High Weekly Low Weekly Close Weekly Chg Points Weekly Chg% Values 5633.80 5702.25 5453.95 5482.00 -151.80 -2.69%

World Indices
World Indices Sensex Nifty DOW Jones Shanghai Comp. Nikkei CAC 40 FTSE Close 18197.20 5482.00 12143.24 27770.79 9833.03 3671.28 5815.19 Weekly Chg Points -549.86 -151.80 -537.92 +49.38 -299.08 -171.42 -119.08 % Chg -2.93% -2.69% -4.24% +1.75% -2.95% +4.46% -2%

Asian & Emerging

Asian stock markets sink over US debt fears: HONG KONG:Asian stocks sank Thursday as U.S. lawmakers struggled for another day to come up with a compromise that would prevent a debt default in the world's biggest economy. Oil fell below $97 a barrel. The dollar weakened against the yen and strengthened against the euro. Investors were growing increasingly anxious as the U.S. government came another day closer to an Aug. 2 deadline to raise the country's $14.3 trillion borrowing limit. Nikkei falls below 200-day average as US debt woes fester : TheNikkei stock average fell sharply on Thursday to close below its 200-day moving average, as the market grew increasingly nervous about whether a deadlock in talks on the U.S. debt ceiling could be solved to avoid default before next week's deadline.

Sectorial Indices
Indices BANK NIFTY CNX NIFTY JUNIOR S&P CNX 500 CN XIT CNX MIDCAP CNX 100 Open 11286.25 11258.55 4544.20 6426.30 8153.50 5545.95 High 11433.10 11387.55 4591.35 6470.50 8245.00 5609.05 Low 10758.40 10862.10 4419.60 6264.75 8149.95 5378.80 Close 10893.65 10910.20 4424.05 6335.10 8017.35 5391.25

US Market
Wall Street posts worst week in year on US debt woes : Stocks ended the worst week in a year as time runs out on Washington to reach agreement before the US government loses its ability to borrow money. The S&P 500 fell every day this week and was down 3.9 per cent for the week as legislators failed to work out an agreement to raise the federal borrowing limit, which expires on Tuesday. Investors also worry about the likelihood of a US credit downgrade. TheDow Jones industrial average was down 96.87 points, or 0.79 per cent, at 12,143.24. The Standard & Poor's 500 Index was down 8.39 points, or 0.65 per cent, at 1,292.28. The Nasdaq Composite Index was down 9.87 points, or 0.36 per cent, at 2,756.38.

Gainers
Scrip MARUTI SUZUK ICICI BANK INFOSYSTECHN BAJAJ AUTO Current Close 1,207.90 1,037.75 2,766.80 1,461.50 437.00 Change 1,186.45 1,017.55 2,747.40 1,443.15 430.85 Chg % 21.45 20.20 19.40 18.35 6.15

Losers
Scrip BHUWALKA STL KARMA ISPAT READYM.STEEL TINNAOVRSEAS JAYBHAR.TEXT Current Close 27.35 178.10 40.95 24.45 157.80 Change 55.40 257.65 56.85 33.22 208.55 Chg % -50.63 -30.88 -27.97 -26.40 -24.33

US President Barack Obama told Republicans and Democrats to find a way "out of this mess." The United States will be unable to borrow money to pay its bills if Congress does not raise the debt limit by Aug. 2.

BHARTI AIRTE

Micro Economic Front

Food inflation fell to its lowest level in 20 months at 7.33% for the week ended July 16 on the back of cheaper pulses, even as other items grew more expensive. Food inflation, as measured by Wholesale Price Index (WPI), stood at 7.58% in the previous week. The decline could also be attributed to the high inflation figure of 18.56% for the corresponding year-ago period, a phenomenon dubbed the 'high base effect' in economic parlance. The latest figure is the lowest since separate data for food inflation was first released in November, 2009.

Mutual Fund Investment

Indices 21-Jul-2011 20-Jul-2011 19-Jul-2011 18-Jul-2011 Buy Value 696.20 634.20 393.50 382.00 Sell Value 490.00 651.10 502.00 302.50 Net Value 206.20 -17.00 -108.50 79.50

FIIs Investment
Indices 29-Jul-2011 28-Jul-2011 27-Jul-2011 26-Jul-2011 25-Jul-2011 Buy Value 4120.90 2797.30 2485.10 2605.30 2723.20 Sell Value 3703.80 2688.70 2527.40 2365.00 2198.50 Net Value 417.10 108.60 -42.30 240.20 524.70

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Week : 01st to 05th August 2011

Week : 01st to 05th August 2011

Weekly Analysis
Spot Nifty

Observation

Expert

Stock Of The Week

Observation

Expert

TECHNICAL OVERVIEW Nifty Futures shut stop at 5490.55 down by -8.15 or -0.15 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5440 else above resistance level of 5530 it would be in an upward trend.

TECHNICAL LEVELS
Properties Support 1 Support 2 Resistance 1 Resistance 2 Values 5440 5330 5710 5530

Weekly Chart

AXIS BANK

BUY
AXIS BANK
Symbol
AXISBANK

Bank Nifty

Company Name
AXIS BANK LTD.

Price
`1341

Change
`39.50

Volume
1850972

52 Week High
1608.50

% From High
-16.63%

Day High
1342

EPS
87.10

Weekly Chart

Stock Analysis
TECHNICALS AXIS BANK IS IN UP TREND AFTER GOOD QUARTERLY RESULT AND CLOSED NEAR TO ITS CRUCIAL RESISTANCE LEVEL OF 1342 .IF IT MANAGES 1342 LEVEL, IT WILL TAKE UP MOVE .WE RECOMMEND BUY AXIS BANK ABOVE 1342 TARGET 1360,1380 WITH STOP LOSS OF 1320.
Indices
AXIS BANK

TECHNICAL OVERVIEW Bank Nifty Futures shut stop at 10926.50 up by 62 points or 0.57 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10760 else above resistance level of 10980 it would be in an upward trend.

TECHNICAL LEVELS
Properties Support 1 Support 2 Resistance 1 Resistance 2 Values 10760 10600 11130 10980

Support Resistance

1320 1342

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Week : 01st to 05th August 2011

Week : 01st to 05th August 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 AXIS BANK LTD. is a large cap stock consisting of Rs.54923.91 crores Shares Outstanding (Total Public Shareholding)

L
Leader or Laggard: Which is your stock?
Primary Factors AXIS BANK LTD. is a leading stock with a relative strength above 54.15% in Weekly and 60.40% in Daily.

KEY STATISTICS

C
Current Quarter Earning per Share. The Higher The Better.
Primary Factors Almost 7.62% decrease in Q o Q Earnings.
Sources: sihl.in

I
Institutional Sponsorship: Follow the Leaders.
Primary Factors Approximately 41.18% 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 34.76% 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 AXIS BANK LTD. is set to have a breakout as it is being consolidating with positive biasness from last many trading sessions.

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