MARKET ENDED 07.05.2010 FRIDAY

WERE TODAY'S INDEX GAINERS

MARKET ENDED 07.05.2010 FRIDAY

SENSEX 16769.11 -218.42

NIFTY 5018.05 -72.80

NASDAQ 2402.29 -21.96

DJIA 10868.12 -58.65

RS/$ 44.40 -00.53

The Indian stock market ended in the negative territory on Friday, as bearish sentiments in global markets with concerns of sovereign debt crisis in the Europe were spiked with a sharp sell-off in the US.
Back home, the fall in benchmarks was capped as investors bought shares of index heavyweight Reliance Industries after the company won the gas dispute case against RNRL. Meanwhile, shares of Anil Ambani Group were beaten down badly.
The three-member bench presided by Chief Justice KG Balakrishnan passed the judgment that the Memorandum of Understaning between the Mukesh Ambani and Anil Ambani is not legally binding. The bench has asked the two parties to renegotiate the gas price in next 6 weeks time.
We reiterate our Buy on RIL with a 12-month SOTP based price target of Rs 1200. We note that our current price target does not include the potential upside from the court case nor does it include the cash flows from the recently closed Atlas JV with NPV of ~US$2.2 bn or Rs 33/share.
National Stock Exchange’s Nifty ended at 5018.05, down 72.80 points or 1.43 per cent. The index touched a high of 5085.65 and low of 4984.60 in today’s trade.
Bombay Stock Exchange’s Sensex closed at 16769.11, down 218.42 points or 1.29 per cent. The index touched intra-day high of 16939.58 and low of 16684.13.
Market is near major support of 4800-5000. There are chances that it will bounce back near these levels. Investors should look for investments opportunities in frontline stocks while traders should avoid taking contrarion calls and follow the market trend

BSE Midcap Index was down 2.54 per cent and BSE Smallcap Index moved 3.01 per cent lower.
Amongst the sectoral indices, BSE Realty Index was down 4.32 per cent, BSE Bankex fell 3.26 per cent and BSE IT Index was down 2.31 per cent. BSE Oil&Gas Index was up 0.69 per cent.
Reliance Infrastructure (-7.01%), Tata Motors (-6.40%), DLF (-4.41%), SBI (-3.61%) and Sterlite Industries (-3.46%) led the Sensex decline.
RNRL is showing a lot of weakness and should be avoided whereas Reliance Power is a buy at current levels. The stock has managed to sustain Rs 130 levels. One can take investment call in the stock at current levels.
Shares of Reliance Power were hit as it was relying on RNRL for gas supply. Now it will have to buy the gas at higher price to run the plant.
Reliance Infrastructure is weak and near to its major support of Rs 950. If it breaks this support then it can even slip to Rs 800 levels
Reliance Industries (2.27%), HUL (0.99%), M&M (0.76%) and ONGC (0.23%) were the only Sensex gainers.
RIL has shown good buying support at Rs 980 levels. It is going to outperform in next 2-3 months. The stock can touch Rs 1150 on higher side if the market holds above 4800-5000 levels
Market breadth was negative on the NSE with 2,332 declines against 537 advances.

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

Email:makin_97@yahoo.com

Email:rakeshmakin@yahoo.com

Blog :http://wwwmakin97-nse.blogspot.com/

PERF: http://makin97researchservices.blogspot.com/

Home page: http://in.groups.yahoo.com/group/makin97NSEtips

Group mail id: makin97NSEtips@yahoogroups.co.in

RNRL-RIL HEARING

Highlights of the judgment .
KEY POINTS
* Justice Sathasivam says Production Sharing Contract to overwrite
all pacts ,Govt owns all gas assets till it reaches user.Ambani brothers' MoU not

binding
*Chief Justice signs Justice Sathasivam's verdict as delivered.
.
OTHER HIGHLIGHTS
Judges to separately deliver orders in RIL-RNRL gas case Justice Sathasivam says not feasible to restrain govt powers on gas can take only cognisance of Ambanis' MoU brothers' MoU not binding ,Nation's' assets, incl gas, belongs to people RIL, RNRL must renegotiate in 6 wks,RIL, RNRL must renegotiate or go to cos' court RIL-RNRL should renegotiate under govt rules ,govt regulation must dictate renegotiation plan Govt's power to decide gas price, valuation * Justice Reddy delivers
dissent to Justice Sathasivam verdict

Shares in Reliance Natural Resources tumbled more than a quarter on Friday afternoon after the Supreme Court delivered a verdict against the company in a gas dispute. The apex court on Friday ruled in favour of Mukesh Ambani, who controls Reliance Industries, in the dispute, closing a chapter on a five-year battle that now gives the government control over setting prices. At 12:04 p.m., Reliance Natural shares were down 25.7 percent at Rs 50.80, while the main stock index BSE was down 1.2 percent. The RNRL counter had clocked the best monthly gain in April in over a year on anticipation of the Supreme Court verdict. RIL shares, which dipped below the Rs 1,000-level in the morning trade, recovered after the SC started delivering verdict on the year-long gas dispute between the two brothers. The dispute between Reliance Industries and RNRL, the companies led by billionaire brothers Mukesh Ambani and Anil Ambani, is over supply of 28 million cubic meter of gas a day to RNRL by RIL.

PREMARKET & INTRADAY CALLS FOR 07.05.2010 FRIDAY

GOOD MORNING & Have a Nice DAY

BREAKING NEWS

The Dow plunged nearly 1,000 points before paring those losses, apparently triggered by a trader error. Sources told CNBC a trader entered a "b" for billion instead of an "m" for million in a trade possibly involving Procter & Gamble.

Nasdaq cancels trades made over 20-min. period

PREMARKET & INTRADAY CALLS FOR 07.05.2010

FRIDAY

Sell GESHIP Below 305 SL 310 TGT 298-295

Buy RNRL 68.55 TGT 69.40 -70 SL 67.10

SHORT TIME INVESTMENTCALLS 07.05.2010

Buy SUZLON 71.80 TGT 73.50- 75 SL 70

MARKET VIEW 07.05.2010 FRIDAY

Nifty made the closing below the level of 5100 today and now could continue this selling pressure and could drag till the lower level of 4950 in near term. As we had already mentioned in our previous report that one could go for sell on nifty future below 5100 for target of 5025 to 5030 today it did.

NIFTY RESISTANCE-5115-5139-5180 SUPPORT-5066-5043-5000
SENSEX Resistance-17059-17130-17250 SUPPORT-16915-16845-16727

Today Results 07.05.2010 FRIDAY

Aditya Birla Nuvo Dividend, Results Geodesic Buy Back of Shares, Results Panasonic Home Dividend, Results Advani Hotels Results
Gujarat Foils Preferential Issue of shares Piramal Health Dividend, Result

Aeonian Invest Dividend, Results Hindustan Dorr Dividend, Results Pratibha Indus Dividend, Results Aftek Results
Hindustan Org Results Prism Info Dividend, Results
Amalgamated Electricity co Results ICSA India Results
Priyadarshini Spn Results Artson Engineering Results
Infomedia 18 Results Rubra Med Results
Assam Co Results ITI Results
Sam Leaseco Results Assam Petro Results
J Kumar Infra Dividend Shyamal Hold Results
Asutosh Enter Results JMG Corp Results
SRF Dividend, Results Bank of India Dividend, Results
Kemrock Inds General Sunshield Chem Results
BCC Finance Results KPIT Cummins Dividend, Results
Suraj Stainl Results Best & Crompton Results
Lloyds Finance Results Tata Metaliks Results
Biopac India Results Mahalaxmi Rub General
Tea Time Results Carnation Inds Results
MANJEERA Results Tinplate Co Dividend, Results
Cheviot Co Dividend, Results Marksans Pharma Results
Torrent Power Dividend, Results Cifco Finance Results
NIIT Dividend, Results Trigyn Tech Results
Cipla Results Nitta Gelatin Dividend, Results
Tulsi Extr Increase in Authorised Capital Daikaffil Chem Dividend, Results Northern Proj Results Uflex Results
Dhanlaxmi Fab Results Novartis India Dividend, Results
Vardhman Tex Dividend, Results Digjam Results
Oracle Fin Dividend, Results Voltamp Trans Dividend, Results
Ekam Leasing Results Orient Bev Results
Financial Eyes Results Panacea Bio Dividend, Results

US has breached important levels downwards.

Dow Jones fall almost 1000 points in intraday

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997, 9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

Email:makin_97@yahoo.com

Email:rakeshmakin@yahoo.com

Blog :http://wwwmakin97-nse.blogspot.com/

Blog : http://makin97researchservices.blogspot.com/

Home page: http://in.groups.yahoo.com/group/makin97NSEtips

Group mail id: makin97NSEtips@yahoogroups.co.in

WISH U ALL HAPPY & SAFE TRADING

Disclaimer

These recommendations are based on the theory of technical analysis and personal observations. This does not claim for profit. We are not responsible for any losses made by traders. It is only the outlook of market with reference to it's previous performance. You are advised to take your positions with your sense and judgment. We are trying to consider fundamental validity of stocks as far as possible, but demand and supply affects with vision, variation. [Our subscribers have positions in the above recommended scripts

MARKET ENDED 06.05.2010 THURSDAY

WERE TODAYS GAINERS

MARKET ENDED 06.05.2010 THURSDAY

SENSEX 16987.53 -100.43

NIFTY 5090.85 -34.05

NASDAQ 2402.29 -21.96

DJIA 10868.12 -58.65

RS/$ 44.87 -00.31

Equities continued their losing streak on Thursday, with the indices ending below psychological support levels. Market has been correcting along with other global peers on concerns of economic crisis widening in the Europe.
Indices opened in the red and slipped further due to lack of buying support. However, some short covering emerged near crucial support levels and benchmarks recovered most of intra-day losses. Capital goods, metals and IT stocks were the worst hit while pharma and PSU stocks bucked the trend.
Bombay Stock Exchange’s Sensex ended at 16,987.53, down 100.43 points or 0.59 per cent. The index touched an intraday low of 16,823 after opened at 17,080.47.
National Stock Exchange’s Nifty closed at 5090.30, down 34.60 points or 0.68 per cent. The broader index touched a low of 5037.75 from a high of 5124.90.
After breaking 50-DMA the market is moving to 200-DMA. Nifty is likely to find support at 4960 level. At the moment we are moving in a narrow range between 5000 and 5100. We would advise traders to buy on dips rather than booking profits. Banks and auto look good while real estate and sugar stocks are looking weak

The BSE Midcap Index was down 0.50 per cent and BSE Smallcap Index slipped 0.08 per cent.
Amongst the sectoral indices, BSE Capital Goods Index was down 1 per cent and BSE Metal Index fell 0.98 per cent. BSE Healthcare Index advanced 1.40 per cent and BSE PSU Index moved 0.64 per cent higher.
Suzlon Energy (5.39%), Cipla (3.22%), Ranbaxy Laboratories (3%), BPCL (2.73%) and Sun Pharma (2.28%) were the top Nifty gainers.
Jindal Steel (-4.16%), ABB (-4.03%), Ambuja Cement (-3.75%), Tata Motors (-2.62%) and Cairn India (-2.41%) were amongst the major index losers.
Suzlon Energy shot up after ET NOW reported that India’s largest wind turbine supplier may soon bag orders worth $3 billion from the UK. The company is likely to enter a pact with UK's Caparo Group, ET NOW reported citing sources.
Shares of Cipla surged after ET NOW broke source-based story that the pharmaceutical major is in talks with Pfizer for a strategic partnership.
Market breadth was negative on the BSE with 1,440 losers against 1,356 gainers.
European markets bounced back to positive territory ahead of ECB meet. US stock futures also indicated a positive start. At 4:30 pm IST, Dow Jones stock futures was up 0.25 per cent, S&P 500 advanced 0.36 per cent and Nasdaq 100 declined 0.18 per cent.

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

Email:makin_97@yahoo.com

Email:rakeshmakin@yahoo.com

Blog :http://wwwmakin97-nse.blogspot.com/

PERF: http://makin97researchservices.blogspot.com/

Home page: http://in.groups.yahoo.com/group/makin97NSEtips

Group mail id: makin97NSEtips@yahoogroups.co.in

MARKET ENDED05.05.2010 WEDNESDAY

WERE TODAYS GAINERS

FOR TODAYS GIVEN CALLS PERFORMANCE BY BLOG & INTRADAY CALLS VISIT: http://makin97researchservices.blogspot.com/

MARKET ENDED 05.05.2010 WEDNESDAY

SENSEX 17087.96 -49.18

NIFTY 5124.90 -23.60

NASDAQ 2424.25 -74.49

DJIA 10926.77 -225.06

RS/$ 44.56 -00.12

Indian equity benchmarks ended with minimum losses Wednesday, after staging a strong recovery in the last one hour of trade. IT, healthcare and pharmaceutical sectors ended with smart gains while capital goods, realty and metals ended off lows.
Indices bounced back sharply at the end of the session following recovery in the European markets. Earlier, equities opened weak in line with others peers as concerns of sovereign debt crisis in the Europe dampened sentiments.
Lack of selling after the gap-down opening forced the day-traders to cover short positions. Until the Nifty closes above 5200, the market trend is weak and the Nifty is likely to lose 200-300 points.

Bombay Stock Exchange’s Sensex ended at 17,087.96, down 49.18 points or 0.29 per cent. The index hit a low of 16858.23 and high of 17121.66
National Stock Exchange’s Nifty closed at 5124.90, down 23.60 points or 0.46 per cent. The index touched a low of 5056.50 and high of 5148.35.
BSE Midcap Index was up 0.30 per cent and BSE Smallcap Index edged 0.24 per cent lower.
Amongst the sectoral indices, BSE IT Index advanced 0.92 per cent and BSE Healthcare Index moved 0.62 per cent higher. BSE Metal Index slipped 1.07 per cent and BSE Realty Index declined 1.03 per cent.
Bharti Airtel (1.82%), BPCL (1.67%), Ranbaxy Laboratories (1.33%), Kotak Bank (1.12%) and HCL Tech (1.10%) were amongst the top Nifty gainers.
Jaiprakash Associates (-4.43%) Jindal Steel (-4.31%), Sterlite Industries (-2.91%), Reliance Infrastructure (-2.33%) and Unitech (-2.25%) led the index decline.
It will be advisable to take positions in contrarion sectors like FMCG and pharma right now. Stocks like Lupin, Glenmark, Divis Labs and ITC are likely to buck the downtrend
Market breadth was negative on the BSE with 1,717 declines against 1,144 advances and 83 stocks unchanged.
Meanwhile, European markets were in the red but off lows. US stock futures suggested another weak day of trade ahead. At 5 pm IST, Dow Jones stock futures was down 0.17 per cent, S&P 500 slipped 0.14 per cent and Nasdaq 100 declined 0.24 per cent.

Regards,

RAKESH MAKIN

Chugh securities Pvt Ltd

+91 9915684997,9041667797(DIRECT)

OFF 0172-4657997

PANCHKULA (Haryana).

Email:makin_97@yahoo.com

Email:rakeshmakin@yahoo.com

Blog :http://wwwmakin97-nse.blogspot.com/

PERF: http://makin97researchservices.blogspot.com/

Home page: http://in.groups.yahoo.com/group/makin97NSEtips

Group mail id: makin97NSEtips@yahoogroups.co.in