Professional Documents
Culture Documents
STOCKS
R E P O R T
BEARS HAD UPPER HAND, BULLS TRY TO SNEAK !!
WEEK WRAP
The markets received a battering during the week as the policy action by the RBI resurrected lurking fears of unbriddled inflation and its effect on India Inc.
Bajaj Auto which was also the top loser in the auto pack, corrected by 9.8% at Rs 1319. Reliance Infra, Sterlite and Bharti Airtel lost around 7% each.
In the midcap space, Triveni Engineering plunged by 61% at Rs 39, SKS Microfinance corrected by 27% at Rs 331 and OnMobile Global lost 19.4% at Rs 112. And
the smallcap space saw the likes of Allied Digital plunging by 26% at Rs 66, Mastek losing 19% at Rs 94 and Money Matters losing 15% at Rs 52.
China's main stock index ended down 0.3 per cent on Friday at a more than two-month low, weighed down by energy shares as investors cut positions after a
sharp sell-off in commodities.
Australia Prepares to Tighten Fiscal Policy in Hit to Consumers Aiding RBA: Australia's government next week will unveil spending cuts aimed at assuring a return
to a budget surplus, helping the nation's central bank contain inflation at the expense of growth in the economy's 20th year of expansion.
US MARKET
The US equity markets declined as investors took profits ahead of a key government jobs report on Friday, and as energy shares extended losses after crude oil
plunged below USD 100 a barrel.
It was carnage across the commodity space, oil collapsed into free-fall diving more than 10% & the Nymex crude prices slipping below the USD 100 a barrel
mark. The resurgent dollar, coupled with demand concerns & disappointing economic da ta weighed on sentiment. Brent prices too dropped to USD 111 a barrel
levels.
Copper too nosedived more than 3% to its lowest level since December as fears about sputtering global growth and growing inflation risk triggered a vicious
cross-commodity crash.
Fruits and protein-based items continued to become more costly. Fruits became dearer by 32.69% year-on-year, while milk was up by 5.16% and eggs, meat and
fish by 5.13%.
Basu-led panel on inflation to meet tomorrow: Amid rising prices, the inter- ministerial group (IMG) on inflation will meet tomorrow to review the price rise
situation in the country. "The IMG will meet tomorrow," Chief Economic Advisor Kaushik Basu, who chairs the panel, said.
WEEKLY REPORT
09th May - 13th May 2011
SECTORIAL INDICES
Indices Open High Low Close
BANK NIFTY 11509.30 11543.35 10677.30 11145.10
CNX NIFTY JUNIOR 11385.05 11435.50 10746.70 10993.70
GAINERS LOSERS
Scrip GAINERS
Current Close Change Chg % Scrip Current Close Change Chg %
BHARAT RASYAN 145.90 87.70 66.36 TRIVENI ENG 39.95 108.80 -63.28
MAN INDS 98.40 78.80 24.87 SHILPI CABLE 24.50 34.80 -29.59
PAPER PRODUCT 68.80 57.15 20.38 SHRIRAM TRNS 608.60 809.05 -24.77
WEEKLY REPORT
09th May - 13th May 2011
TECHNICALS
Properties Values
Support 1 5415
Support 2 5310
Resistance 1 5595
Resistance 2 5730
The Nifty futures closed and settled finally at 5555, down by 96.60 or -1.77 %. It is looking bullish in the coming trading session if it
manages to trade above the resistance level of 5595 else below support level of 5415 it would be in a downward trend.
TECHNICALS
Properties Values
Support 1 10788
Support 2 10520
Resistance 1 11775
Resistance 2 12050
Figure: Bank Nifty Weekly
Bank Nifty Futures shut stop at 11143.90 up by 395.45 points or 3.68 % It is looking bullish in the coming trading session if it
manages to trade above the resistance level of 11775 else below support level of 10788 it would be in a downward trend.
WEEKLY REPORT
09th May - 13th May 2011
TECHNICAL PICTURE
MCLEOD RUSSEL IS IN CONSOLIDATION PHASE FROM LAST FEW TRADING SESSION. IF IT MANAGES TO SUSTAIN ABOVE 269 IT WILL
TAKE UP MOVE .WE RECOMMEND TO BUY MCLEOD RUSSEL IN CASH ABOVE 269 TARGET 273,278 WITH STOP LOSS OF 262.90.
Price `267.50
Change `5
Volume 148390
52 Week High 286.70
% From High -6.69%
Day High 269
EPS 21.40
WEEKLY REPORT
09th May - 13th May 2011
KEY STATISTICS
Primary Factors
Almost 32.69% decrease in Q o Q Earnings.
Sources: Sihl.in
WEEKLY REPORT
09th May - 13th May 2011
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.
Investment in Stocks has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is
based on analysis and up on sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is
for personal information and we are not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or
loss which may arise from the recommendations above.
The stock price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and
forecasts, can change without notice.
CapitalVia does not purport to be an invitation or an offer to buy or sell any financial instrument.
Analyst or any person related to CapitalVia might be holding positions in the stocks recommended.
It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for
which either the site or its owners or anyone can be held responsible for.
Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by
us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
Any surfing and reading of the information is the acceptance of this disclaimer.
Contact Number:
Hotline: +91-91790-02828
Landline: +91-731-668000
Fax: +91-731-4238027
C O N TA C T U S
Corporate Office Address:
India: No. 99, 1st Floor, Surya Complex
CapitalVia Global Research Limited R. V. Road, Basavangudi
No. 506 West, Corporate House Opposite Lalbagh West Gate
169, R. N. T. Marg, Near D. A. V. V. Bangalore - 560004
Indore - 452001
Singapore:
CapitalVia Global Research Pvt. Ltd.
Block 2 Balestier Road
#04-665 Balestier Hill
Shopping Centre
Singapore - 320002