Equity Reports for the Week (4th October '10)

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    W E E K L Y

    STOCKS

    REPORT

    www.capitalvia.com

    04th Oct 2010 to 09th Oct 2010

    R E S EA R C H

    Celebrat ion Cont inues Market Head Higher!

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    Indian equity benchmarks rallied for f if th consecutive week on back of consistent inf low of f unds from foreign institutional investors (FIIs). The Niftyadded 734.7 points (13.58% ) and the Sensex 2446.63 points (13.59% ) during the same period.

    The Nifty closed above another psychologically important level - 6100 on buying across the sectors; even it touched 6150 in an intraday trade. FIIswere net buyers to the tune of more than Rs 27,500 crore since September 6, 2010, including Thursday's provisional data.

    FII inflow in September 2010 totaled Rs 23612.43 crore, as per data from the stock exchanges. FII inflow in the calendar year 2010 totaled Rs43107.53 crore (ti ll 30 September 2010).

    WEEK WRAP

    The MSCI index of Asia Pacific stocks outside Japan was up 0.34 percent compared with a rise of 0.24 before the release of China's PurchasingManagers Index. The index gained more than 17 percent in the last quarter.

    Japan's deflation moderated and the unemployment rate fell, indicating the nation's recovery remains intact as policy makers consider stimulusmeasures to support t he economy against damage from a strengthening yen.

    Chinese manufacturing picked up steam in September after a mid-year lull, easing concerns of a renewed downturn in global growth, althoughother leading Asian economies showed some signs of softer business activity. The off icial purchasing managers' index rose to 53.8 f rom 51.7 inAugust.

    Indonesia's inf lation slowed in September for the first t ime in six months, easing pressure on policy makers to raise interest rates when they meetnext week.

    ASIAN & EMERGING MARKET

    U.S. stock-index futures rose, indicating the 'Standard & Poors 500 Index will trim its first weekly decline since August, as better-than-estimated

    growth in Chinese manufacturing spurred optimism that t he global economic recovery is intact

    The dollar f ell to the weakest since March versus the euro amid speculation the Federal Reserve will take addit ional steps to shore up the faltering U.S.

    recovery.

    Treasury Secretary Timothy F. Geithner played down the danger of a trade war over China's currency policy after U.S. lawmakers took a step toward

    approving a bill designed to protect against Chinese imports.

    Oil rose for a third day, headed for its biggest weekly gain since July, after economic data from t he U.S. and China bolstered optimism that demand is

    growing in the world's two largest consumers of the fuel.

    Gold firmed on Friday and heldnear a record high struck the previous day, but a drop in ETholdings suggested some investors might be booking

    profits.

    US MARKET

    04th Oct to 09th Oct 2010

    Indian bond yields hit six-week lows on Friday, as market sentiment was boosted by the government's decision to trim its October-March marketborrowing and raise the foreign investment cap on debt.

    The Indian rupee posted its best weekly gain in three months on Friday and rose to a four-month peak, boosted by robust f oreign capital inf lows intoAsia's third-largest economy on the back of strong grow th prospects.

    Foreigners have moved $4.5 billion into Indian shares this month, taking net investment so far in 2010 to $17.4 billion and helping the index gain14.8 percent.

    MICRO ECONOMIC FRONT

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    Weekly Open

    Weekly Low

    Weekly High

    Weekly Close

    Weekly Chg%

    Weekly Chg Points

    NIFTY Propert ies

    20475.45

    Close

    6018.30

    Shanghai Comp. 2655.66

    DOW Jones 10788.05

    5548.60

    9369.35

    3715.18

    WorldIndices

    Sensex

    Nifty

    FTSE

    Nikkei

    CAC 40

    World Indices

    BANK NIFTY

    CNX NIFTY JUNIOR

    S&P CNX 500

    12739.70

    12323.45

    12857.55

    12579.95

    CN XIT

    6018.30 6153.10

    6654.70 6768.60

    CNX MIDCAP

    CNX 100

    9285.95 9327.55

    6008.20 6096.60

    Sector ial Indices

    Indices Open

    Nifty

    6018.30

    5963.60

    6153.10

    6143.40

    +2.07%

    +125.10

    Values

    Weekly ChgPoints

    +430

    +125.10

    +27.69

    -24

    -24.08

    -234

    -50.98

    % CHG

    +2.14%

    +2.07%

    +1.05%

    -0.22

    -0.44

    -2.43%

    -1.37

    12564.85

    12163.35

    12846.35

    12556.75

    5963.60 6143.40

    6532.15 6759.15

    9116.35 9323.55

    5919.30 6089.60

    High Low Close

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    04th Oct to 09th Oct 2010

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    SUJANA TOWER

    XL TELECOM

    92.65 43.97

    37.90 41.15

    MANJEERACONS 126.05 34.02

    PNBGILTSLTD 41.25 42.98

    NU TEK INDIA 46.05

    64.35

    26.85

    94.05

    28.85

    33.55 37.25

    Gainers

    DALMIACEMENT

    KOUTONS RETA

    MOTORGEN.FIN

    172.35

    63.05

    49.25

    MANGLMTIMBER 25.40

    AGRO DUTCH 22.95

    297.20

    240.25

    60.05

    30.70

    27.70

    -42.00

    -73.75

    -17.98

    -17.26

    -17.14

    Losers

    29-Sep-2010 3541.40

    28-Sep-2010 3669.60

    2646.50

    2362.50

    894.80

    1307.20

    27-Sep-2010 4286.50 2947.80 1338.70

    FIIs Investments

    28-Sep-2010

    27-Sep-2010

    467

    462.70

    1034.90

    1074

    -567.90

    -611.30

    Scrip Current Close Change Chg %

    Scrip Current Close Change Chg %

    Indices Buy Value Sell Value Net Value

    DIIs Investments

    Indices Buy Value Sell Value Net Value

    04th Oct to 09th Oct 2010

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    Figure: 1 Nifty Weekly

    Week Ahead - Spot Nifty

    NIFTY FUTURE HAD FORMED A GOOD SUPPORT NEAR 5940 LEVELS AND HAS CLOSED ON A VERY STRONG NOTE ON

    FRIDAYS SESSION ABOVE 6150 LEVELS AND LOOKING TECHNICALLY STRONG FOR MORE FRESH UPMOVES. THE NEXT

    TECHNICAL RESISTANCE FOR NIFTY FUTURE SEEMS CLOSE TO THE LEVEL OF 6205 AND 6245 LEVELS. DECISIVE

    CLOSING ABOVE THIS RESISTANCE ZONE MAY TAKE UP NIFTY FUTURE TO THE LEVELS OF 6292/6336 IN NEAR FUTURE.

    STRONG SUPPORT FOR NIFTY FUTURE IS AT 5940. DECISIVE CLOSING BELOW THIS SUPPORT ZONE MAY TAKE IT TO

    LEVELS OF 5895 TO 5900 IN NEAR RUN.

    Technicals

    6150 6080 6205 6245Values

    Support 1 Support 2 Resistance 1 Resistance 2Properties

    04th Oct to 09th Oct 2010

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    Figure: 1 Bank Nifty Weekly

    Week Ahead - Bank Nif ty

    BANK NIFTY FUTURE HAS CLOSED ON A VERY STRONG NOTE AGAIN ON THE LAST TRADING SESSION AND IS STILL

    LOOKING TO MOVE AHEAD FOR MORE GAINS IN COMING WEEK. SUPPORT FOR BANK NIFTY FUTURE IS AT 12399-

    12350 LEVELS. TECHNICALLY LOOKING FOR MORE GAINS FROM HERE. THE NEXT TECHNICAL RESISTANCE FOR BANK

    NIFTY FUTURE SEEMS CLOSE TO THE ZONE OF 12680 AND 12750 LEVELS. DECISIVE CLOSING ABOVE THIS RESISTANCE

    ZONE MAY TAKE UP IT TILL THE LEVEL OF 12950 IN NEAR FUTURE. DECISIVE CLOSING BELOW 12350 MAY DRAG IT

    DOWN TO THE LEVELS OF 12200/12050 IN NEAR FUTURE.

    Technicals

    12494 12450 12620 12705Values

    Support 1 Support 2 Resistance 1 Resistance 2Properties

    04th Oct to 09th Oct 2010

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    Symbol COROMANDEL(NSE)

    STOCK

    OFTHEWEEK

    COROMANDEL INTERNATIONAL

    Company Name COROMANDEL INTERNATIONAL LTD

    Change Rs. 5.75

    Volume 66830

    52 Week High 675.70

    % From High -1.65%

    Day High 634.00

    % of DAV 190%

    EPS 38.21

    Price Rs.623.55

    BUY

    04th Oct to 09th Oct 2010

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    W H Y C A N S L I M ?

    CAN SLIM is a formula created byWilliam J. O'Neil, who is the founder ofthe Investor' s Business Daily and authorof the book How t o Make Money inStocks - A Winning System in GoodTimes or Bad.

    Each letter in CAN SLIM stands for one

    of the seven chief characteristics thatare commonly found in the greatestwinning stocks. TheC-A-N-S-L-I-M.

    characteristics are often present prior toa stock making a significant rise in price,and making huge profits for theshareholders!

    O'Neil explains how he conducted anintensive study of 500 of the biggestwinners in the stock market from 1953to 1990. A model of each of thesecompanies was built and studied. Againand again, it was noticed that almost allof the biggest stock market winnershad very similar characteristics just

    before they began their big moves.

    Current Quarter Earning per Share. The Higher The Bett er.

    Prim ary Fact or s

    Source: sihl.in

    Annual Earnings Increases: Look for a signif icant grow th.

    Prim ary Fact or s

    New Products, New M anagement, New Highs, Buying atRight Time.

    Prim ary Fact or s

    Supply and Demand: Shares Outstanding Plus Big Volume

    Demand.

    Prim ary Fact or s

    Leader or Laggard: Which is your stock?

    Prim ary Fact or s

    Insti tu tional Sponsorship: Follow the Leaders.

    Prim ary Fact or s

    Market Direction

    Prim ary Fact or s

    C

    A

    N

    S

    L

    I

    M

    Almost 47.98% increase fromprevious QoQ Earnings.

    Annual Earnings showed annominal growth of 13.41% YoY.

    COROMANDEL INTERNATIOAL LTD is

    near to its High and chances to have a

    good breakout after a long

    consolidation phase.

    COROMANDEL INTERNATIOAL LTD alarge cap stock consisting of Rs. 8300crores Shares Outstanding (TotalPublic Shareholding)

    COROMANDEL INTERNATIOAL LTD aleading stock with a relative strengthabove 81.11 % in Weekly and 65.37% in Daily.

    Approximately 3.82% Share heldby the Institutional Investors(FII s,Mutual Funds)

    If Market continues to remain in asecular uptrend, hence overallconditions are appropriate to

    initiate long position in the stock:A Big plus for the Stock

    Key Stat ist ics

    04th Oct to 09th Oct 2010

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    Stock of the Week

    COROMANDEL INTERNATIONAL IS TRADING IN A SIDEWAYS RANGE AND IS MAKING A ROUNDING BOTTOM

    PATTERN. IT WILL BE BULLISH ABOVE THE MAJOR SUPPLY ZONE OF 637 AND CAN SEE A GOOD UPMOVE UPTO 655

    AND 675 LEVELS. SO ONE CAN BUY COROMANDEL INTERNATIONAL IN CASH IN NSE ABOVE 637 WITH SL BELOW

    620, FOR TGTS OF 654.90,675.

    Technicals

    Technical Picture

    Support

    637

    Resistance

    620COROMANDEL INTERNATIONAL

    Indices

    R E S E A R C H

    04th Oct to 09th Oct 2010

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    04th Oct to 09th Oct 2010