Equity Reports for the Week(13th - 17th September '10)

8/8/2019 Equity Reports for the Week(13th - 17th September '10)

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13th Sep 2010 to 18th Sep 2010

R E S EA R C H

Escalation Cont inues- Indices Head Mult i Month Highs!


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The benchmark Nifty maintained positive momentum throughout the week and gained more than 160 points on the back of strong liquidity. Itsustained above another milestone - 5600 level but failed t o cross 5650 on Thursday.

The 30-share BSE Sensex closed at 18,799.66, up 132.95 points or 0.71% and the 50-share NSE Nifty rose 32.20 points or 0.57% to sett le at5,640.05. For the week, both benchmarks rallied 3% each.

Cement companies' shares wit nessed huge buying interest: ACC shot up 9.5% , Ambuja Cements up 8.5% and Jaiprakash Associates up 6%.Among frontliners, Idea surged 7.5% ; IDFC was up 5.3% and JSPL up 4.7% .

Financials were the leaders on Thursday; the BSE Bankex rose 2.2% might be ahead of RBI meeting, which is likely in next week. India's largest banks- SBI and HDFC Bank rall ied 3% each; ICICI Bank was up 2.2% . Kotak Mahindra Bank and IDFC gained 2% each.

Foreign intstitutional investors (FIIs) have been bought more than Rs 40,000 crore since June and Rs 60,000 crore in calendar year 2010.

WEEK WRAP

Asian stocks rose for a second day and crude oil gained as fewer people applied for jobless benefits in the U.S. and Japan boosted it s estimate for

second- quarter economic growth. The yuan strengthened as China posted a third straight t rade surplus of more than $20 bill ion.

China posted a third straight trade surplus of more than $20 billion in August even as import s leaped, highlight ing f riction with t he U.S. over claims

that the nation's currency is undervalued.

Japan's economy slowed less than ini tially estimated in the second quarter as companies boosted capital spending, indicating the nation' s recovery

was intact before a surge in the yen threatened to stunt export gains.

A victory by power broker Ichiro Ozawa in the leadership race for Japan's ruling party next week raises the risk that the central bank's next policy

move will be to buy more government bonds -- something it has long resisted.

China's property prices rose 9.3 percent in August from a year earlier, signaling off icials may extend a crackdown on speculators and mult iple home

purchases.

ASIAN & EMERGING MARKET

New U.S. claims for unemployment benefits fell more than expected last week to a two-month low, while the trade deficit narrowed sharply in July,

hopeful signs for the stut tering economic recovery.

U.S. stocks rose on Thursday as stronger-than-expected jobs and trade data helped lift optimism about the economic recovery, although sentiment

was fragile as investors frett ed over European banks

Oil extended gains on Thursday, while metals cut earlier losses aft er stronger than expected U.S. jobs data helped of fset negative sentiment linked to

a sharp fall in Chinese commodity markets.

Gold edged down on Friday, heading for it s first weekly decline in more than a month as stock markets gained, but bargain hunting could cushion

the fall, with sentiment in the financial markets still fragile.

The dollar rose against major currencies on Friday, staging a small rebound against the yen and the Swiss franc following a rise in U.S. bond yields,while the yen slipped against commodity currencies

U.S. Treasuries fell on Thursday aft er jobs and trade data suggested the economy wasn' t as weak as feared, boosting riskier assets such as stocks and

hurting demand at the government' s long-bond auction.

US MARKET

13th Sep to 18th Sep 2010

India's industrial output in July rose at a faster-than-expected 13.8 percent f rom a year earlier, sharply higher than the previous month's 7.1 percent,government data showed on Friday.

India's wholesale price index in August probably rose 9.6 percent f rom a year earlier, easing from a rise of 9.97 percent in July.India's vital monsoon rains were 26 percent above normal in the week to Sept. 8, compared with 16 percent above normal in the previous week, theweather of fice said on Thursday

The Indian rupee ended at day's high on Thursday, boosted by gains in Asian peers, strong capital inf lows and weak dollar overseas.The partiallyconvertible rupee ended at 46.47/48 per dollar, after moving in a wide 46.4700-46.6050 band

MICRO ECONOMIC FRONT


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13th Sep t o 18th Sep 2010

R E S E A R C H

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Weekly Open

Weekly Low

Weekly High

Weekly Close

Weekly Chg%

Weekly Chg Points

NIFTY Propert ies

18799.66

Close

5640.05

Shanghai Comp. 2656.35

DOW Jones 10415.24

5494.16

9098.93

3722.15

WorldIndices

Sensex

Nifty

FTSE

Nikkei

CAC 40

World Indices

BANK NIFTY

CNX NIFTY JUNIOR

S&P CNX 500

12126.20

11033.60

12335.40

11468.75

CN XIT

4655.10 4750.70

6125.60 6316.20

CNX MIDCAP

CNX 100

8987.50 9118.60

5503.85 5635.85

Sector ial Indices

Indices Open

Nifty

5479.55

5647.45

5479.55

5640.05

+2.92%

+160.50

Values

Weekly ChgPoints

+578.23

+160.50

+0.96

-32.69

+66.01

-15.2

+49.95

% CHG

+3.17%

+2.92%

+0.04%

-0.31%

+1.22%

-0.16%

+1.36%

12126.20

11033.60

12295.35

11446.70

4651.45 4740.35

6125.60 6302.00

8974.55 9085.25

5503.85 5629.70

High Low Close



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Vindhaya Tele In

Axis It & T

397.45 62.42

127.75 51.54

Parekh Alum 433.05 40.23

Krbl 36.20 54.37

Lt Foods 77.70

244.70

84.30

308.80

23.45

52.80 47.15

Gainers

Prakash Steel

Prakash Indus

Pearl Polymer

156.30

162.20

24.30

Asian Hotel 352.95

Harrison Malay 87.50

177.55

215.80

27.15

390.35

95.70

-11.96

-24.83

-10.49

-9.58

-8.56

Losers

09-Sep-2010 2424.90

08-Sep-2010 2650.10

1962.30

2448.80

462.70

201.30

07-Sep-2010 2758.90

06-Sep-2010 2172.50

1719.40

1686.30

1039.60

486.20

FIIs Investments

08-Sep-2010

07-Sep-2010

06-Sep-2010

476.30

657.70

883.40

581.60

626.30

529.10

-105.30

31.40

354.30

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


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Figure: 1 Nifty Weekly

Week Ahead - Spot Nifty

Last week we had a great market with Nifty future finally breaching its important resistance level of 5550 and confirmed

the strength of bulls in the market. As we had discussed earlier that if Nifty future does not breaks its important support

level of 5350, market will remain bullish and it almost exactly bounced from the level of 5350 and crossed 5640 mark.

Technically Nifty future had a breakout from a rising trend channel and further confirmed its strength and for next week if

the uptrend continues we can expect levels of 5700, 5750 & 5800. So, traders with weak sentiments should start

rethinking about their strategies now.

Technicals

5595 5560 5710 5750Values

Support 1 Support 2 Resistance 1 Resistance 2Properties


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Figure: 1 Bank Nifty Weekly

Week Ahead - Bank Nif ty

Bank Nifty future continued its bull run last week to close at 11388.20. Bank Nifty future is also trading in a rising trend

channel and it has a resistance of channel trend line near to 11500. With Nifty supporting the uptrend, it can see further

rise too but 11500 will be major resistance in it which if crossed we can expect further levels of 11700,12000. On the

downside short term weakness can be seen if it breaks below the level of 11250.

Technicals

11250 11000 11500 11700Values

Support 1 Support 2 Resistance 1 Resistance 2Properties


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Symbol ANANTRAJ (NSE)

STOCK

OFTHEWEEK

ANANTRAJ INDUSTRIES

Company Name ANANTRAJ INDUSTRIES

Change Rs. 0.60

Volume 539381

52 Week High 163.80

% From High -1.43%

Day High 143.8

% of DAV 88%

EPS 7.22

Price Rs.141.75

BUY


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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 57.13% increase fromprevious QoQ Earnings.

Annual Earnings showed a declineof 53.30% YoY.

ANANTRAJ INDUSTRIES is near to its

52 Week High and chances to have a

good breakout after a long

consolidation phase.

ANANTRAJ INDUSTRIES a large capstock consisting of Rs. 4088 croresShares Outstanding (Total PublicShareholding)

ANANTRAJ INDUSTRIES a leadingstock with a relative strength above59.45 % in Weekly and 64.00 % inDaily.

Approximately 29.20 % Shareheld by the InstitutionalInvestors(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


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Stock of the Week

Anantraj Industries is trading in a range of a long term ascending triangle and it can have a very good breakout above

145 which will signify a bullish run in it and then it can move up to 148,151,154.50.

So we recommend,

BUY ANANTRAJ INDUSTRIES IN CASH IN NSE ABOVE 145.05 WITH SL OF 140 FOR TARGETS OF 148,151,154.50.

Technicals

Technical Picture

Support

145

Resistance

130ANANTRAJ IANDUSTRIES

Indices

R E S E A R C H


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Equity Reports for the Week(13th - 17th September '10)