Invest 2 Success

Weekly News Letter 19.04.2010.

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MARKETS OUT-LOOK

Some key corporate results which are due next week could provide near-term direction for
the stock markets which have corrected after hitting their highest level in more than 2 years
at the beginning of this month. A hike in the key policy rates is in the offing when the
central bank announces its annual monetary policy for the year ending March 2011 on
Tuesday, 20 April 2010.

Dalal Street and Wall Street seem to be heading in different directions. While the Dow
Jones, S&P 500 and NASDAQ have crossed key psychological milestones, the Sensex and
Nifty are facing some resistance after touching two-year peaks. The Nifty has come close to
breaching 5400 but hasn't been able to do it due to lack of follow-up buying amid concerns
over valuations. Looks like investors want the Q4 earnings and other events like the RBI
annual policy to get over before taking a fresh plunge. The central bank is likely to jack up
policy rates only the size of the hike is not known. Since this will be the annual policy, the
RBI will also have a lot to say on a range of issues. So, the commentary from the central
bank will be crucial for markets next week. The official monsoon forecast will also be out
next week and could have some influence on the sentiment. As always, external factors will
play a role too in shaping the market's direction. Given the uncertain and volatile conditions
it would not be a bad idea to stay on the sidelines for a while and wait for more clarity.

TECHNICALLY

Market is likely to drift down from a technical perspective. There is a high conviction in
Nifty trade on the downside. The Nifty was in a trading range, locked between 5300 and
5400. Since it was in an uptrend, we assume that the breakout would be on the upside. But
that didn’t happen. The Nifty convincingly fell out of the range in last two trading session.
Once the Nifty decides to breakdown from it, we must respect the wisdom of the market. In
spite of all this volatility - intraday or otherwise - we are slowly going to drift on the
downside.
NIFTY FUTURE

The intermediate trend for Nifty Futures has turned down. Short positions at 5320 can be
held with a trailing Stop-loss of 5236 for an initial target of 5120………….Second Target only
for paid customers.

BANKNIFTY FUTURES

Short position at 9500 can be held with a trailing Stop-loss of 9520 for an initial target of..
HDIL FUTURE

Sell HDIL FUT below 293.5 stop-loss 306 Target only for paid customers.

GRASIM FUTURE

Sell GRASIM FUT below 2802 Stop-loss 2870 Target only for paid customers.
JP ASSOCIAT

Sell JP ASSOCIAT FUT below 147 Stop-loss 153 Target only for paid customers.

HCL TECH

Sell HCL TECH FUT below 350 Stop-loss 358 Target only for paid customers.
 PREVIOUS WEEK CALLS

STOP LOT
DATE STOCK CALL PRICE LOSS TGT 1 TGT 2 SIZE

12.04.201
0 NIFTY BUY 5388 5307 CALL NOT MAT 50
12.04.201
0 HDFC BUY 2847 2735 SL TRIGGERED 150 -16500
12.04.201
0 SESA GOA SELL 458 478 447 TGT ACHIEVED 1500 16500
0

STOP LOT
DATE STOCK CALL PRICE LOSS TGT 1 TGT 2 REMARKS SIZE P/L

13.04.201
0 NIFTY SELL 5320 5380 5250 OPEN CALL 50 3000
13.04.201
0 BANK NIFTY SELL 9500 9690 9350 OPEN CALL 50 7500
13.04.201
0 VIJAYA BANK SELL 49 51 OPEN CALL 6900 0
13.04.201
0 GAIL SELL 411 432 401 TGT ACHIEVED 1125 11250
13.04.201
0 REL CAPITAL SELL 772 800 750 TGT ACHIEVED 276 6072
13.04.201
0 BOB SELL 641 671 631 619 TGT ACHIEVED 700 15400

43222

STOP LOT
DATE STOCK CALL PRICE LOSS TGT 1 TGT 2 REMARKS SIZE

15.04.201
0 NIFTY SELL 5250 5395 OPEN CALL 50 0
15.04.201
0 HDFC SELL 2750 2842 2655 TGT ACHIEVED 150 14250
15.04.201 IDFC SELL 167 176 162 TGT ACHIEVED 2950 14750
0

29000

Disclaimer: These calls are based on the theory of technical analysis and personal observations and are not recommendations to any person to
buy or sell any securities. The information is derived from sources that are deemed to be reliable but its accuracy and completeness are not
guaranteed. Readers of this column who buy or sell securities based on the information in this column are solely responsible for their actions
and profit or loss. It is only the outlook of the market with reference to its previous performance. You are advised to take your position with
your sense and judgment. We are trying to consider the fundamental validity of stocks as far as possible, but Stock market is highly
unpredictable and demand and supply affects it. And author won't be liable or responsible for any legal or financial losses made by anyone.