INVEST WEEKLY

23 AUGUST - 27 AUGUST 2010

WEEKLY UPDATES

Billionaire financier George Soros has reportedly

picked up a 4 percent holding in the Bombay Stock INDEX
Exchange for about $35 million. The deal values
BSE at over $ 800 million. The price at which he WEEKLY NEWS UPDATES - PG 1
bought the share is believed to be between Rs 375
and 380. TECHNICAL OUTLOOK - PG 1
Vedanta Group announced that it will acquire Cairn MARKET ROUND UP - PG 2
India Ltd in an all cash deal totaling about $ 9.6
Billion. Nearly 60% of the company will be acquired COMMODITY TECHNICAL - PG 3
by the group. About 20% of the deal will be through
Sesa Goa, which will have to pay up to Rs. 15,000
TECHNICAL STOCK PICKS - PG 3
Crores for the stake.

Sebi is likely to increase the investment limit by retail FUNDAMENTAL PICKS - PG 3

investors in public issues from Rs 1 lakh to Rs 2 lakh.
The retail participation in IPOs/ FPOs has been
falling over a period of time and several issues which
have received good institutional participation have
received poor response in the Retail category.

Sebi has banned use of Options by Mutual Funds.

They will now not be able to write or buy options from
October 1st, 2010. At present MFs have about Rs
3000 Crores in options mainly for hedging or in
Index Funds.

MMTC will be soon be coming out with a follow-on

public offer as the Government will be putting on
sale an additional 10% of its equity. At present the
Government owns over 99% of the equity of the
company.

Indiainfoline promoters are reported to be in talks

with Barclays Capital to sell 12% stake in the
company. Many foreign banks are also believed to
be scouting for acquisition of brokerage houses and
other diversified financial services firms.

TECHNICAL OUTLOOK

Nifty (spot) gained with an addition of 76 points WOW

basis. Nifty opened at 5452 level made a high of 5546
and a low of 5397 which finally closed at 5528 level. Nifty
managed to gave a return of 1.39 % WOW basis.
Looking at the weekly chart, Nifty (Spot) is trading in a
Diagonal Price Channel which is a consolidation
pattern. The pattern suggest an upside channel
resistance at 5550 level and support at 5000 level.
Currently, Nifty is consolidating above the horizontal
support of 5340 level (Green horizontal line on Weekly
Chart) while 5550 level acting as a major profit booking
zone. Any breach below 5350 level will be treated as a
weekly reversal and the downside support will be 5240
& 5000 levels respectively. For next week, Nifty
expected trading range will be 5550 and 5400 as August
F&O expiry is due on Thursday. But since the market
momentum is Bullish, a breakout above 5550 could
trigger for a fresh short covering rally which will push
Nifty towards its final channel resistance of 5680 level.

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 23 AUGUST - 27 AUGUST,2010

SENSEX Vs NIFTY INSTITUTIONAL ACTIVITIES - FII Vs DII

Net Purchase/ Sales On Weekly Basis
BSE NSE
FII (Rs.)Cr. DII (Rs.)Cr.
18500 5560
5540 3500
18400 ` 2962.6 6 Cr.
5520 3000
18300 5500
5480 2500
18200 5460 2000
18100 5440 ` 1303.9 8 Cr..
1500
5420
18000 5400 1000
5380
17900 500
5360
17800 5340 0
-500 09 A ugust - 13 A ugust,10 16 A ugust - 20 A ugust,10
-1000 ` (630.2 9) Cr.
-1500 ` (1218.7 3) Cr.

EQUITY INDICES - 16 AUGUST - 20 AUGUST,10

Close of Close of
Name of Index % Return
13/08/2010 20/08/2010
Sensex 18167.03 18401.82 1.29
Nifty 5452.10 5530.65 1.44
BSE FMCG 3279.41 3375.01 2.92
BSE Bankex 12196.08 12527.49 2.72
CNX Midcap 8710.55 8930.85 2.53
BSE Healthcare 5516.65 5610.65 1.70
BSE 500 7349.17 7469.14 1.63
CNX 100 5442.00 5524.25 1.51
BSE 100 9713.90 9850.83 1.41
BSE Capital goods 14689.79 14887.65 1.35
BSE Auto 8776.41 8874.83 1.12
BSE Oil & Gas 10137.67 10208.56 0.70
BSE Metals 15338.02 15426.31 0.58
BSE Realty 3675.30 3695.27 0.54
CNX Realty 483.25 485.45 0.46
BSE PSU 9675.39 9707.19 0.33
CNX IT 6116.70 6128.60 0.19
BSE IT 5514.02 5517.00 0.05
BSE Consumer
5705.88 5691.76 -0.25
Durable
CNX Infrastructure 3477.95 3468.05 -0.28
BSE Teck 3441.83 3430.30 -0.33
BSE Power 3122.06 3096.47 -0.82

TOP GAINERS TOP LOSERS

Companies Name 13/06/2010 20/06/2010 Return in % Companies Name 13/06/2010 20/08/2010 Return in %

RANBAXY 442.00 492.40 11.40 SUZLON 56.60 49.50 -12.54

HINDALCO 166.70 178.90 7.32 IDEA CELLULAR 72.70 70.00 -3.71
RELIANCE COMMUNICATION
HDFC BANK 2088.00 2239.80 7.27
VENTURES 167.80 162.60 -3.10
HDFC 598.00 640.00 7.02
UNITECH 87.80 85.15 -3.02
AMBUJA CEMENTS 116.10 122.00 5.08 CAIRN 354.20 344.05 -2.87
JINDAL STEEL 660.60 689.75 4.41 TATA POWER 1327.05 1290.00 -2.79
PNB 1142.00 1186.60 3.91 BHARTI AIRTEL 318.15 309.90 -2.59
ITC 156.40 162.50 3.90 SBI 2857.00 2784.00 -2.56
L&T 1809.40 1872.50 3.49 TATA STEEL 527.80 518.15 -1.83
ACC 840.85 870.00 3.47 NTPC 195.90 193.00 -1.48

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 23 AUGUST - 27 AUGUST,2010

COMMODITY OUTLOOK - CRUDE OIL

NYMEX Crude oil October futures have given a strong

break-out on the lower side after trading in a sideways
consolidating pattern for about 3-months.

A sustained close below $74 today, we expect more

selling in prices towards targets of $69.7 and $65.5.

On the indicators, Volumes & Open Interest have

increased with declining prices, showing signs of Built
up in short-positions on futures.
14-day RSI too has breached its trend line from above
and trading below 30 levels, indicating further
bearishness in prices in the near term.

Prices are trading well below the Short-term Simple

Moving Average (SMA)
30-day SMA 78.37
50-day SMA 77.90

*All prices above are in US$ per barrel.

OUTLOOK
In (INR) terms, considering Rupee average at `46.63
per dollar, we would see Crude oil prices plunging
towards `3,250 and `3,060 levels.

TECHNICAL STOCK PICKS

AREVA T&D INDIA LIMITED: BUY EXIDE INDUSTRIES LIMITED: BUY

CMP: `295.45 CMP: `147.60
STOP LOSS: Below `288.00 STOP LOSS: `140.00
TARGET PRICE : `325.00 TARGET PRICE : `170.00

The stock was consolidating in a slightly down wards The stock is in strong bullish mode making higher highs
inclined channel since June 2009. Before long and higher lows. Since last four weeks, it is consolidating
consolidation, it was in a bullish mode. Generally stock sideways in the range of 139 and 147. On the last Friday ,
alternates in a phase of contraction and expansion. The it has given a breakout from the consolidation. This
consolidation phase was contraction and after its breakout may push it upwards towards 170.
completion we can expect expansion. On the last Friday
, the stock has given breakout from downward inclined
channel. This breakout may be the sign of completion of
sideways movement and hence we can expect an
expansion on the upper side.

FUNDAMENTAL STOCK PICKS

PHOENIX MILLS: BUY RUCHI SOYA : BUY

CMP:`246.65 CMP: `119.20
TARGET PRICE: `285.00 TARGET PRICE: `131.00

This is a strong real estate and retail play and have
leased out a large area in the flagship property of High
Street Phoenix, Mumbai. It has also effectively
diversified in many mini-metro cities such as Indore,
Pune, Lucknow etc. The company is also likely to
complete its five star hotel in the current financial year.
The company's greater focus on FMCG products like
soaps is likely lead to improved margins. Its expansion
and the recent acquisitions are likely to give substantial
boost to the top-line as well as the EPS in the current
quarter.

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 23 AUGUST - 27 AUGUST,2010

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