MARKET OPENED 19/07/2010

We maintain our view that the indices are likely to test 18500 – 18700 / 5500 – 5570 levels based on “Flag

pattern” breakout on the Daily chart. The said pattern would only negate once indices trade below, 17335 / 5200

levels.

Hence, we reiterate our view that traders can hold on to their long positions as long as Nifty holds 5200 level.

Quarterly Results 17/07/2010

Godrej Prop
INDIAN MET
Ishita Drugs
Canara Bank
Dev Credit Bank
Dynemic Prod
Key Corp
Reliance Indl Infra
Sandu Pharma
Shiva Cement
Sir Shadi Lal
Srinivasa Hatch
Sterlite Tech
Vardhman Tex

BUY PFC 16/07/2010

BUY PFC CMP 313-314 STOP-LOSS 308 TARGET 323

Quarterly Results 16/07/2010

Honeywell Auto

Karuturi Global

Nava Bharat Ventures

State Bank Travancore

Supreme Industries

Zydus Wellness

BANKNIFTY FOR SUPPORT 16/07/2010

BANKNIFTY (2nd Resistance) 10038.3

(1st Resistance) 9983.7

Pivot point 9924.3

(1st Support) 9869.7

(2nd support) 9810.3

NIFTY FOR SUPPORT 16/07/2010

NIFTY (2nd Resistance) 5429.03

(1st Resistance) 5405.32

Pivot point 5383.78

(1st Support) 5360.07

(2nd support) 5338.53

BUY APOLLOTYER

BUY APOLLOTYER CMP64.50-65 STOP-LOSS 62.35  TARGET1 67.55 TARGET2 69.40 FOR 3-4 DAY

BUY SESAGOA

BUY SESAGOA CMP 341-342 STOP-LOSS 332  TARGET1 361 TARGET2 376 FOR 3-4 DAY

Buy Skumars Nationwide 15/07/2010

6 - 8 Days Buy Skumars Nationwide    77.00  -  76.00  Stop-loss    73.75 Tgt: 86.00

Buy Nifty 15/07/2010

Buy Nifty July futs.  5392.00 - 5382.00  Stop-Loss  5372.30  Tgt 5420.00

BUY EDUCOMP 15/07/2010

BUY EDUCOMP 611.00 - 610.00 Stop-Loss 599.80 Tgt 623.00

BUY HAVELLS 15/07/2010

Call for Day traders BUY HAVELLS 656.00 - 655.00 Stop-Loss 651.00 Tgt 670.00

BUY RECLTD 15/07/2010

Call for Day traders BUY RECLTD 301.20 - 300.25 Stop-Loss 298.65 Tgt 307.50

BANKNIFTY FOR SUPPORT 15/07/2010

BANKNIFTY (2nd Resistance) 10076.4

(1st Resistance) 10003.8

Pivot point 9952.4

(1st Support) 9879.8

(2nd support) 9828.4

NIFTYFOR SUPPORT 15/07/2010

NIFTY (2nd Resistance) 5483.52

(1st Resistance) 5435.98

Pivot point 5406.12

(1st Support) 5358.58

(2nd support) 5328.72

Quarterly Results 15/07/2010

Axis Bank Quarterly Results

Castrol India Quarterly Results

Colgate Quarterly Results

IL & FS Investment Quarterly Results

LIC Housing Finance Quarterly Results

Polaris Quarterly Results

TCS Quarterly Results

UTV Software Quarterly Results

Zensar Technology Quarterly Results

BUY PNB 14/07/2010

We have observed strong buildup in PNB before

4-5 trading sessions and stock is moving around

those levels. We expect a positive move in the

counter up-to Rs1085. Therefore, traders can trade

with positive bias in the stock with the stop loss of

Rs1045.

MARKET OPENED 14/07/2010

Markets opened on a flat note and witnessed a minor correction in an early hour of trade but recovered lost

ground to close in the positive territory. On the daily chart , we are observing that markets are hovering near the

resistance of 18000 / 5400 levels. We maintain our view that once indices convincingly trade and close above

18000 / 5400 levels then they are likely to test the higher levels of 5450 – 5475 / 18120 - 18200 in coming trading

sessions. On the downside,5360 – 5335 / 17890 - 17800 levels may act as support for the day.

BUY PATNI 14/07/2010

Significant short positions exist in PATNI and the

stock is showing strong support around Rs505-510.

Positive move of Rs550 cannot be ruled out.

Positional traders can form long around 510-515,

with the stop loss of Rs500.

BUY DENA BANK 12/07/2010

Pick Of The Season : Dena Bank 93.45 Buy, Technical Tgt 106, 4-6weeks, Fundamental Tgt 115