22 Jan 2011

COMMODITY MARKET
 Refined Soya Oil
o Symbol (NCDEX)- SYOREFIDR
o Last Traded Price:Rs.665.75
o Weekly Change:+33.10
o Season: Not a particular

News this week:

MavjiHari Financial Services

Analysts said increased buying by speculators on the rise in demand in the spot market helped
refined soya oil prices to trade higher at futures market this week.
Our call for next week: Hold
Next Week Price Movement: R-675 R-700 S-645 S-635

 Rapeseed-Mustard seed
o Symbol(NCDEX)-RMSEEDJPR
o Last traded price:Rs.554
o Weekly Change:+5.25
o Season: Growing season

News this week:

Mustardseed futures prices hardened due to speculative buying support by traders in line with
high spot markets sentiments. Market analysts said pick up in demand from edible oil making
industries against restricted supply in spot markets mainly brought down the rise in futures trade.
Our call for next week: Hold
Next Week Price Movement: R-562 R-580 S-547 S-538

 Silver
o Symbol(MCX)-SILVERM
o Last Traded price:Rs.42744
o Weekly Change: -1506

Silver this week:

Silver rose for first three days of the week due to positive sentiments about the recovery of the
US economy which lead to decline in value of dollar and metals where good alternate investment
options. Even the rise in demand of precious metals was due to ongoing marriage season in local
market. Concerns that the European sovereign-debt crisis may linger also raised demand for
precious metals as a alternate investment. But last three sessions saw some weak trends due to
reduced off take at prevailing higher levels and amid weak global trends.  

Our Call for next week: Sell

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 22 Jan 2011

Next Week Price Movement: R-43667 R-44358 S-42537 S-40660

 Gold
o Symbol(MCX)-GOLDM
o Last Traded Price: Rs.20085
o Weekly Change:-186

MavjiHari Financial Services

Gold this week:
Last week the yellow metal had fallen down due to china’s tightening rates and the hopes of EU
to stabilize again but Gold saw some recovery this week in initial sessions. Reasons for recovery
were, Firstly, February is a marriage season in local market which might increase the demand of
gold. Secondly, EU stability is yet a big question mark which has again led to investment in
precious metals. Thirdly, winter harvesting season is expected to be good farmers which will end
up with high disposable income with them which ends up in demanding gold. But last 2 session
were somewhat dicey due to weakening global trend and some profit booking by short term retail
investors. Demand for gold is going to increase in spot market due to marriage season in India
starting from next month.

Our call for next week: Sell

Next Week Price Movement: R-20381 R-20600 S-19971 S-19727

 Crude
o Symbol(MCX)-CRUDE
o Last Traded Price: Rs.4099
o Weekly Change: -64

Crude this week:

Crude Oil globally seems to have up price movement due to inflation. Global market analyst are
suggesting a up move for a crude oil may be till $120/barrel. Short term investors can have crude
as an investment opportunity. But the crude was negative this week in future trading due to some
weak global economies such as EU which made speculators to offset their positions in Crude.

Our Call for next week: Sell

Next Week Price Movement: R-4244 R-4368 S-4020 S-3982

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 22 Jan 2011

EQUITY MARKET
 NIFTY Outlook:
o Closing:5696.50
o Weekly Change: +41.95 points

MavjiHari Financial Services

o FII: Net seller- Rs.1682.75 Crores
o DII: Net buyers-Rs.1301.61 Crores

NIFTY was trading range bound this week between 5624-5747. Mixed sentiment were
prevailing in the market this week which was the reason for range bound trading. Many analysts foresees
market to touch 5500 once while Good results of some companies such as TCS, Axisbank, PNB etc led to
positive moments and sentiments. RIL results were out on Friday eve with slightly above the market
estimates. It seems market is waiting for changes in monetary policy by RBI on 25 th Jan. It is expected
that market has discounted the change of 25bps but if the change is more than market may see the levels
of 5550-5600 before this expiry.

Next Week Techical of Nifty

R-5815 R-5884 S-5625 S-5520

 NIFTY-50 Stock Picks:

SESAGOA
a. Last Price: Rs.336.60
b. Industry: Metal and Minning
c. Sector: Iron and Steel

News Updates:
Sesa Goa Ltd has informed BSE that a meeting of the Board of Directors of the Company will be
held on January 24, 2011, for taking on record Unaudited Financial Results for the Quarter ended
December 31, 2010 (Q3).

CNBC TV-18’s Expectation of the result:

 Revenues are seen up at Rs 2379 crore versus Rs 918.34 crore.

 EBIDTA is seen at Rs 1307.98 crore versus Rs 303.4 crore.
 Net profit is seen up at Rs 1272.5 crore versus Rs 387.9 crore.

Call is to BUY: T-345 T-367 T-392 SL-320

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 22 Jan 2011

Jindal Steel and Power

o Symbol: JINDALSTEL
o Last Price:Rs.699.85
o Industry: Metals and Mining
o Sector: Iron and Steel

News Updates:

MavjiHari Financial Services

Jindal Steel & Power Ltd has informed BSE that a meeting of the Board of Directors of the
Company will be held on January 24, 2011, inter alia, to consider and approve, standalone and
consolidated un-audited financial results (provisional) for the quarter / nine months ended on
December 31, 2010 (Q3).

CNBC TV 18’s Expectations:

 Revenues are seen up at Rs 3426.55 crore versus Rs 3082.99 crore, quarter-on-quarter, QoQ.
 EBIDTA is seen up at Rs 1682.1 crore versus Rs 1501.68 crore, QoQ.
 Net profit is seen up at Rs 1078.35 crore versus Rs 894.24 crore, QoQ.

Call is to BUY: T-735 T-758 T-790 SL-667

Disclaimer: The ideas expressed are purely the things that we do or would do with our investment and trading, anyone who follows what we do will be
doing it at their risk and knowingly.
Source of News and information: Moneycontrol.com, nseindia.com, bseindia.com, ncdex.com, mcxindia.com