Markets opened 12/01/2010

Markets were unable to sustain higher levels, despite having a gap up opening. On the daily charts, we are

witnessing a range bound activity and there is no clear pattern that suggests a trend. On the upside if indices

trade convincingly above 17777 / 5287 levels then it is likely to test 17880 – 17980 / 5315 – 5343levels. On the

downside 17500 – 17322 / 5200 – 5160 may act as support for the day.

News Analysis

䀂Cement demand picks up in AP

䀂TVS Motor hopes to ride on Jive, Wego for growth

䀂Infosys 3QFY10 Result Preview

milan kanabar: Economic and Political News

䀂Aska Cooperative to pay Rs1,700 per tonne to sugarcane farmers

䀂Govt may extend white sugar import deadline

䀂Environment panel to look into green nod for power projects

䀂Bonds yields may ease

Corporate News

䀂Ministry plans special SAIL arm for overseas buys

䀂L&T plans 6,500 Mw power generation capacity in 4 yrs

䀂Nalco to get Potangi bauxite mining lease

䀂Speciality Restaurants plans Rs150cr expansion

䀂M&M to launch motorcycle this year

RELIANCE INDS

RELIANCE INDS. (1103) - BULLISH

The Call was flashed on Odin terminal dated 7th JAN, 2010

Buying Range : Rs. 1112.00 - Rs. 1100.00

Stop - loss : RS. 1058.00

Target : Rs. 1240.00

Time frame : 5 - 6 weeks.

Reliance Inds: The stock has given a trendline breakout with

rising volumes on the weekly charts. Further, RSI and the

stochastic oscillators are positively poised. This suggests further

upside in the coming weeks.

RELIANCE CAPITAL

RELIANCE CAPITAL (905) - BULLISH

The Call was flashed on Odin terminal dated 8th JAN, 2010

Buying Range : Rs. 910.00 - Rs. 900.00

Stop - loss : Rs. 865.00

Target : Rs. 1030.00

Time frame : 4 - 6 weeks.

Reliance Capital: The stock is witnessing an upward

momentum with rising volumes on the weekly charts. Further,

ADX has given a positive crossover and momentum oscillators

viz. RSI and the stochastic are positively poised. This suggests

breakout from the Triangular Pattern in coming weeks.

milan kanabar: Short-term Picks

JYOTI STRUCTURES

JYOTI STRUCTURES (185) - BULLISH

The Call was flashed on Odin terminal dated 7th JAN, 2010

Buying Range : Rs. 174.00 - Rs. 170.00

Stop - loss : RS. 161.50

Target : Rs. 212.00

Time frame : 4 - 6 weeks.

Jyoti Structures: The stock has given the trendline breakout

with rising volumes on the weekly charts. . Further, RSI and the

Stochastic oscillators are positively poised. This suggests further

upside in the coming weeks.

Indian ADRs Update 11/01/2010

INFOSYS Up0.14 (0.26%), WIPRO Up0.19 (0.86%), SATYAM Up0.22 (4.25%), ICICI BANK Down 0.80 (2.07%) , HDFC BANK Up0.41 (0.30%), MTNL Down 0.07 (1.92%)

Global Markets update 11/01/2010

DJIA Up 11.33 (0.11%) NSDQ Up 17.12 (0.74%) FTSE 100 +7.52 (0.14%) Asian Markets as on 8.30 AM NIKKEI +116.66 (1.09%) HANG SENG +262.11 (1.18%) SGX NIFTY 14.5

Markets for the second11/01/2010

Markets for the second consecutive trading session was unable to sustain higher levels as profit booking dragged the indicies to close in red. The coming trading session is likely to witness some consolidation / correction. On the downside if indices trade convincingly below 17509 / 5235 levels then it is likely to test 17400 – 17330 / 5210 – 5185 levels. On the upside 17620 - 17720 /5270 - 5294 levels may act as the resistance for the day

BANKNIFTY SUPPORT 08/01/2010

BANKNIFTY Support 1 9100.55

Support 1 9139.6

Pivot Point 9177.3

Resistance 1 9216.35

Resistance 2 9254.05

NIFTY SUPPORT 08/01/2010

NIFTY Support 1 5220.32

Support 1 5243.33

Pivot Point 5268.17

Resistance 1 5291.18

Resistance 2 5316.02

Markets opened 08/01/2010

Markets opened on a flat note ,traded with negative bias throughout the day to close in the negative territory. On the daily charts , we are witnessing a bearish Evening star candlestick pattern .The highest high of the three candlestick i.e 17790 / 5310 levels would now act as the near term resistance for the markets. On the downside if indices trade convincingly below 17567 / 5245 levels then it is likely to test 17334 – 17188 / 5177 – 5133 levels, where the markets are expected to take support, as the intermediate bullish trend remains intact.

Markets opened07/01/2010

Markets opened on a positive note, but were unable to sustain higher levels which pulled the indices to close on

a flat note. On the daily charts, we are witnessing a doji formation which shows that supply and demand are

evenly balanced in the market. There are no apparent signs of weakness on the charts. On the upside if indices

trade convincingly above 17791 / 5311 levels then it is likely to test 17930 - 17990 / 5360 - 5380 levels. On the

downside 17630 – 17584 / 5255 – 5238 may act as support for the day. Stock specific activity mainly in Midcap

and Small cap is likely to continue.

Global Markets update07/01/2010

DJIA Up 1.66 (0.02%) NSDQ Down 7.62 (0.33%) FTSE 100 +7.54 (0.14%) Asian Markets as on 8.30 AM NIKKEI +7.09 (0.07%) HANG SENG -12.30 (-0.05%) SGX NIFTY 0

Global Markets update 06/01/2010

DJIA Down 11.94 (0.11%) NSDQ Up 0.29 (0.01%) FTSE 100 +22.16 (0.40%) Asian Markets as on 8.30 AM NIKKEI +44.30 (0.41%) HANG SENG +112.81 (0.51%) SGX NIFTY 22

Market gapped up 06/01/2010

Market gapped up, traded in a narrow range throughout the day to close in the positive territory. The coming trading session is likely to trade with positive bias. On the upside if indices trade convincingly above 17730 / 5290 levels then it is likely to test 17830 – 17950 / 5320 – 5360 levels. On the downside 17590 – 17550 / 5244 – 5229 may act as support for the day. Since we are approaching the major resistance levels of 17800 -17960 / 5300 -5360, traders who have gone long at lower levels are advised to book partial profits in the range of the above mentioned resistance levels.

BANKNIFTY SUPPORT 05.01.10

BANKNIFTY Support 1 8978.42

Support 1 9045.83

Pivot Point 9092.42

Resistance 1 9159.83

Resistance 2 9206.42

NIFTY SUPPORT 05.01.10

NIFTY Support 1 5195.27

Support 1 5217.53

Pivot Point 5232.27

Resistance 1 5254.53

Resistance 2 5269.27

Market opened 05/01/2010

Market opened on a flat note, traded in the positive territory throughout the day to close near day’s high. The coming trading session is likely to trade with positive bias. If indices trade convincingly above 17583 / 5239 levels then it may test 17620 – 17680 / 5300 – 5320 levels .On the downside 17490 – 17410 / 5200 - 5160 levels may act as a support for the day

Global Markets update05/01/2010

DJIA Up 155.91 (1.50%) NSDQ Up 39.27 (1.73%) FTSE 100 +87.46 (1.62%) Asian Markets as on 8.30 AM NIKKEI +101.63 (0.95%) HANG SENG +315.51 (1.45%) SGX NIFTY 53.5

Indian ADRs Update 05/01/2010

INFOSYS Up1.49 (2.70%), WIPRO Up0.35 (1.57%), SATYAM Up0.19 (4.12%), ICICI BANK Up1.05 (2.78%), HDFC BANK Up3.38 (2.60%), MTNL Up0.23 (7.49%)