NEXT WEEKLY VIEW Last Week was……………… ·         Stocks continue to gain momentum on FII support and "no bad news". Indices closed the week just 2% below the 2010 peak. The market sentiment also got a push from possible settlement deal between the two brothers who represent India's largest listed groups. ·         FII turned positive on Indian markets following a semblance of normalcy in global markets and revised outlook to stable by rating agencies of India. FII were net buyers in both the cash and the derivatives segment. DII were marginal sellers. Market Level:- ·         BSE SENSEX (17571) Support seen @17251-17389-17536 Resistance stands @ 17647-177781-7995. Minimum Target seen @ 17778 for next week ·         NSE : NIFTY (5263 ) Support seen @5179-5213-5250 Resistance stands @ 5294-5332-5382. Minimum Target seen @ 5332 for next week. Stock to watch for next Week: ABAN               CMP : 0730          TGT : 0748-0765-0790         SL : 0704 AXISBANK        CMP : 1209          TGT : 1225-1245-1257          SL : 1193 HINDALCO       CMP : 0145          TGT : 0150-0153                   SL : 0142 ICICIBANK        CMP : 0867          TGT : 0883-0906                   SL : 0842 STER                CMP : 0679           TGT : 0696-0708-0734         SL : 0659 Hot Call for next week: TATA STEEL(474) : KEEP STOP LOSS OF 465 TARGET WILL BE 484-496. BHATIYA PARESH J

Take Care in Rollover as there is change in lot size of almost 169 underlying stock in future & option Stock where lot size change by 1.50 times are listed blow where action can be seen in next month or months to come.   SYMBOL     JUNE JULY CHANGE RCOM       700 2000 -1300 TV-18      1825 4000 -2175 BHARTIARTL 500 1000 -500 TATACOMM   525 1000 -475 ONMOBILE   550 1000 -450 PRAJIND    2200 4000 -1800 RELCAPITAL 276 500 -224 NATIONALUM 575 1000 -425 GVKPIL     4750 8000 -3250 BALRAMCHIN 2400 4000 -1600 FINANTECH  150 250 -100 ICSA       1200 2000 -800 MUNDRAPORT 300 500 -200 RELMEDIA   600 1000 -400 GTLINFRA   4850 8000 -3150 MOSERBAER  2475 4000 -1525 GMRINFRA   2500 4000 -1500 DISHTV     5150 8000 -2850 FORTIS     1300 2000 -700 GODREJIND  1300 2000 -700 HINDPETRO  650 1000 -350 IBREALEST  1300 2000 -700 NAGARFERT  5250 8000 -2750 HAPPY INVESTING..............   CALL ON 9327411860 for more details........

MARKET UPDATE :-   FIIs bought 783.92 cr in cash and DII sold 170.76 cr On Daily chart , Advance Block pattern formed and Stochastic is also in overbought Zone ( Above 95 ). Which suggest that correction is over due in market and it's time to book profit at higher level. Res @ 5255. Above it may touch 5275-5295-5316. Use it to book profit. Support @ 5215 - 5200. Below it may slide to 5140-5100. DRV @ 5109 which come up day by day. BHATIYA PARESH J

TARGET ACHIVED.........ENJOY.............. Monday, May 31, 2010 BGR ENERGY SYSTEMS Ltd. CMP Rs.594, Upgraded to Accumulate, with a target of Rs.705 BGR Energy has reported excellent set of numbers for the quarter ended March'10 which was way above our expectations, with Revenue and PAT increasing by 131% YoY and 130% YoY to Rs.16597 million and 1083 million. OUTLOOK & VALUATION BGR Energy is one of the leading players in the BOP space. Increasing thrust to augment power capacities coupled with huge investment outlay by the government over the next 8-10 years would provide huge opportunities to players like BGR. Healthy order-book position which stands at ~3.3x its FY10 sales along with pick-up in the execution of two large EPC contracts provides strong revenue visibility over the next few years. Strong performance by the Company in FY10 has mitigated our concerns on its execution capabilities. At the CMP of Rs.594, the stock is quoting at 16.3x and 12.5x its FY11E and FY12E EPS of Rs.36.3 and Rs.47.0 respectively. Hence considering dynamic industry scenario, healthy order-book position coupled with its strong execution capabilities, we upgrade our rating on the stock from 'HOLD' to 'ACCUMULATE' with a target price of Rs.705. BHATIYA PARESH J

Govt to inject Rs 6211 crore in 5 state-run banks The government will inject Rs 62.11 billion into five state-run banks to help meet their capital and lending needs, a government statement said on Saturday.   The support would be given to Bank of Maharashtra, Central Bank of India, IDBI Bank, UCO Bank and Union Bank of India, the statement said.   "These Banks would be able to leverage this capital and lend an additional approximate amount of Rs.77,637 crore to the productive sectors of the economy giving a push to all round economic activity besides paying additional dividends and tax revenues to the Government," it said.   BHATIYA PARESH J

Kalanithi Maran buys 37.75% in SpiceJet at Rs 47.25/share Sun TV Promoter Kalanithi Maran has acquired 37.75% in low-cost carrier SpiceJet at Rs 47.25 per share amounting to Rs 750 crore. As per the deal, Maran's aviation company will acquire the stake from promoters Wilber Ross and Bhupendra Kansagara. Maran will make an open offer for 20% at around Rs 57 per share, reports CNBC TV18. The open offer is likely to be made on Monday. While, Ernst and Young (E&Y) were M&A advisors to Maran in the SpiceJet deal, it was Edelweiss which was advising WL Ross and B Kansagara. BHATIYA PARESH J

Govt sets 25% minimum float for listed firms   The government on Friday set out new rules requiring listed companies to have a public float of at least 25%, a move which could prompt tens of billions of dollars in share sales and further crowd the pipeline for new issues. Listed companies with a free float of less than 25% must increase it by a minimum of 5% a year, the government said in a statement     Among companies in the 30-share benchmark Bombay Stock Exchange (BSE) Index, realty firm DLF, power producer NTPC and software services firm Wipro have a public float of less than 25%, according to BSE data.   BHATIYA PARESH J