31 August, 2010

AUGUST 20’ 2010

INVICTUS RESEARCH
DAILY EQUITY BULLETIN

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 MARKET STATISTICS

INDEX Close Change Institutional Activity (Rs. Cr.)

(Provisional) 31.08.10
Buy Sell Net
SENSEX 17971.12 -0.34% FII 3120.17 2832.29 287.88
NIFTY 5402.40 -0.24% DII 1199.03 1794.36 -595.33

Advances 372 Declines 1031 Unchanged 29

Security Name Close Change OI Ch. %

NIFTY (SEP) 5398.90 -27.30 34,976,950 -0.50

Nifty Top Gainers Nifty Top Losers

Scrip Close Gain % Scrip Close Loss %
Mah and Mah 626.70 2.85 Jaiprakash Asso 109.05 -3.54
Ambuja Cem 125.55 2.62 Reliance Comm 156.05 -3.37
ITC 163.15 2.42 Reliance 919.20 -3.03
Tata Motors 1,010.35 2.07 HCL Tech 382.55 -2.73
Ranbaxy Labs 490.65 1.93 Jindal Steel 684.25 -2.42

MOST ACTIVE CONTRACTS

No of Contract
% Open
Symbol Expiry Cont. Value Close
Change Interest
Traded (Rs. lakhs)
TATAMOTORS 30-Sep-10 40,951 205,465.50 1,011.90 1.56% 14,462,000
RELIANCE 30-Sep-10 47,074 109,488.24 922.50 -3.26% 31,714,500
TATASTEEL 30-Sep-10 30,464 79,771.51 525.50 -0.90% 23,106,500
SBIN 30-Sep-10 22,975 79,199.13 2,755.00 -1.41% 4,952,375
ICICIBANK 30-Sep-10 19,196 46,459.60 975.95 0.70% 17,074,000

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 MARKET OUTLOOK

The domestic key benchmark indices opened lower and ended the volatile trade on a negative note on selling pressures across
the selective indices. The markets opened low due to weak cues from US economy and Asian Markets. US markets recovered
on Friday due to news of good economic numbers and on Fed’s statement to spur growth in future but US markets again
tumbled down on the concerns of future stability of growth.

Moreover, the negative opening of European markets made the domestic markets to see selling pressures and as a result of this
domestic markets fell reaching its strong support of 5360. After a negative opening, the domestic markets continue to fall due
to skepticism among people about US economy but we saw some buying pressures & volume coming in the last half an hour
of trading. The market is still considered to be skeptical but we can see a pullback in near future.

Out of the 13 indices of BSE only 4 ended in green, the ones which were on the buyers’ radar were FMCG (1.58%), Auto
(0.83%), IT (0.03%), and Techk (0.01%).

MARKET TECHNICALS

S&P CNX NIFTY:

Nifty opened low today and closed

13.05 points lower than previous
close due to plunge in Asian & US
markets. It is making a strong
resistance at 5500 and strong support
at 5360.

Overall Nifty seems to have taken

corrections on weak global cues and
has a potential of going upwards
further in near future as a result of
positive cues from Indian economy
and consistent interest of FIIs in
domestic markets.

Trend: UP

Strategy: Go long on Nifty Futures at

5400 and hedge investment in options
market by buying a put option at
5350.

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 BSE SENSEX:

Sensex also opened on a negative note with

making a low of 17819.99 and closed 60.99
points higher than its previous close. It is
making strong resistance at 18500 and strong
support at 17900.

Overall trend of Sensex is upwards and can

break its all highs if it will break its upper
trendline.

Strategy: Go long on Sensex above 18300.

STOCK OF THE DAY

POWER FINANCE CORPORATION (PFC):

POWER FINANCE made an upward move of 13.30 points in a day making a new high of 356.40 and a low of 343.10 and
its making a strong support at 335 with a resistance at 356.40 & has a potential to go to 370-380 in near-medium term.

Trend: Strongly Bullish in nature.

Positional Call for 2-3 days: Buy PFC@345-347 with a stop loss of 333 and a target of 365-370.

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DISCLAIMER
The guidelines expressed above are the views of the Experts, and not a recommendation to buy or sell. Only those
investors who are aware of the risks inherent in securities trading should use this information. The Experts does not
accept any liability whatsoever arising from the use of any of the above guidelines or its contents.
Due care caution has been taken in compilation of data. The views and investment tips expressed by investment
experts herein are their own, and not that of the company or management. INVICTUS RESEARCH advises users to
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accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the
results obtained from the use of such information. INVICTUS RESEARCH especially states that it has no financial
liability whatsoever to any user on account of the use of information here.

Disclosure: It is to be noted that the analyst or the organization may have outstanding positions in any or all of the securities mentioned herein.

Research Desk:

Contact# 9717766817

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