• Vol. 3 • Issue : 23 • Date : 01-08-2010 to 07-08-2010 • Editor : Narendra Joshi • Sub.

Editor : Sharad Kotak • Mobile:9825065387 •

•• Address : 115/991, Nirmal Apartment, Telephone Exchange Road, Naranpura, Ahmedabad -380013 • Phone : 27451449 ••

SENSEX CRUCIAL NOW THERE IS TIME TO

CANDLESTICKS
SUPPORT IS 17594 AND PLAY TO T 20 AGAIN IN
AND OVERALL 3 RESISTANCE IS 18160 11 NIFTY NOTHING WILL 17
TECHNICAL NIFTY TREND DECIDER IS HAPPEN NIFTY RANGE
5285 AND 5451 REMAIN 5180-5400
PICTURE
Astromoney guru Rocking Tips Maker Dhanwin
ONE MORE SLUGGISH WEEK
31/07/2010. port at the trendline T E C H N I C A L LY 17868. The Sensex lost Sensex and Nifty have 17373 and Nifty 5210.
It was the week af- which was at 5347 for SPEAKING. 262 points on a weekly formed a black body One need not worry
ter the breakout but the Nifty. In case the The Sensex opened basis. Similarly Nifty candle on the weekly about the medium
once again disappoint- Nifty breaches and the week at 18056, opened the week at charts. term as long as the
ment awaited the mar- closes below the 5 4 4 6 , The short term level of 17373 for the
ket as it managed to higher bottom at made a trend will be in danger Sensex and 5210 for
close near the lower Nifty 5353 and high of only if the Sensex the Nifty remains in-
support level, prima- Sensex closes be- 5468, a closes below the tact. This support is
rily due to lack of fol- low the higher bot- low of higher bottom of closely aided by the
low up buying. The tom at 17848, a 5349 and 17848 and Nifty below 50dma which falls at
market lacks strength short term down closed 5353. In such a case a Sensex 17451 and Nifty
on the upside and as a trend will be trig- the week short term down trend 5237.
result sluggishness is gered. Market will at 5367. will be triggered and Momentum oscilla-
visible at higher levels. then head towards The Nifty the market will then tors like the MACD and
On Friday the market next major higher bot- made a high of 18194, too closed with the head towards next ma- ROC have given sell
went lower and just tom which is at Sensex a low of 17838 and week with a loss of 82 jor higher bottom
managed to take sup- 17373 and Nifty 5210. closed the week at points. As a result both which is at Sensex Continue on ....7

Weekly Review for the Week Nifty 5477 look fancy to be Top-
Markets has tendency of topping out
July 2nd to 8th 2010 in the first month of every quarter
Nifty: (5368) as long as 5350 holds… expiry week could not Nifty (5387) has these levels doesn’t Markets has a ten-
Sensex: (17868) next logical technical sustain the higher closed Negative - cross market to face dency of topping out in
30.07.10 targets being 5493- levels and closed in 81points making this selling pressure but the first month of ev-
We said 5511-5558’ the red but taking biggest los- ery quarter October
care to see that it has ing week in A.K. 2009 5181 was
Weekly closed above the previous breached in Janu-

Review
crucial support of
5350…
10weeks Prabhakar ary2010 5310 and
NIFTY 5477 Equity Analyst next high was made
Now the market Website:
PRAKASH GABA looks fancy info@akprabhakar.com in April2010 5399
CFT, MSTA (Londen) looks a bit to be a Top akprabhakar.equity@gmail.com and now July2010
A professional Technical Analyst and a uncomfortable on weekly www.akprabhakar.com high of 5477 has to
Trader based in Bombay & Runs his own despite closing above closing basis 5449 was close below 5350 be watched. Breaking
consultancy http:// www.prakashgaba.com the crucial support of
Email:prakashgaba@hotmail.com last week close so till would be important. Continue on .......7
Tel : 093222-10907 5350 and I would say
that the market has a
‘ Technically on Technically our selling pressure in 09825065387
Indicators front, the targets are achieved the upper regions
weakness still as the market has and the market still is GET LIVE STOCKMARKET
continues, but seen a high at 5478 sluggish in the
looking at price the very close to our coming weeks and ADVISE BY SMS
chart reveals that the target of 5493…the level of even 5225- RS. 1000 PER MONTH,
trend is still intact up market in the F&O Continue on ........8 VISIT http://www.theeconomicrevolution.com/subscription
 2 01-08-2010 to 07-08-2010

BANKING / FINANCIAL & OIL & GAS

sectors WILL OUT PERFORM THIS WEEK
2 nd - 6 th August Sagittarius, Neptune segment. HOUSING
2010 in Aquarius, Jupiter FINANCE SECTOR SUCCESSFUL PREDICTION
Weekly planetary & Uranus in Pisces. deserve special
position: During the During the week attention. (11th July ) With the blessings of Lord Ganesha, it was predicted on
week, Moon will be FINANCIAL sector OIL & GAS sector 11th July 10 on our website & on moneycontrol.com”Next week FINAN-
transiting in Aries & will continue to get would be getting CIAL sector will continue to get strong ASTROLOGICAL support. In this
strong ASTRO sector watch for HDFC, GIC HSG, M&M FINANCIAL, LIC HSG, BOI, INDIAN
support & watch for BANK etc. HOUSING FINANCE sector will out perform. In Watches sector
ASTROLOGY & INDIAN OIL, HPCL & – buy TITAN on every dip. “
STOCK MARKET BPCL etc in this During this period, in BANKING – UCO, VIJAYA, BOI, YES BANK, AXIS,
OBC etc went up by 6-11%. It was predicted that HOUSING FINANCE
space.
SATISH GUPTA D E F E N C E sector will out perform & in that segment HDFC appreciated by 4%, LIC
PRODUCTION sector HSG & GRUH FINANCE by 8%, DEWAN & GIC HOUSING by 12% & CANFIN
http://www.astrostocktips.in HOME by 14%. TITAN was the star performer & gained 10.7%.
will getting ASTRO
e mail:astrostocktips@rediffmail.com support for next 4 Sectors which get strong ASTRO support are not normally affected by
MOBILE : weeks & buy BEL, downfall in the market.
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09811738366 - 09810018438 BEML & NELCO on 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123
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Ta u r u s . Sun in s t r o n g
dips.
WATCHE S sector
BE EXTRA CAUTIOUS
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C a n c e r, Ket u i n ASTROLOGICAL will also continue to 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123
New Samvat 2067 (Hindu New Year) have started from 16th march
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Gemini, Mercury in support & watch for get strong ASTRO 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123
2010. Whenever New Samvat starts, based on planetary position /
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Leo, Venus, Saturn & HDFC, LIC HOUSING, support & buy TITAN conjunction & aspect among planets, some new sectors commence
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out performing & many sectors, which were in momentum during last
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Mars in Virgo, Rahu SBI, OBC & DEWAN & TIMEX WATCHES 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123
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& Pluto in HOUSING etc in this on every decline. samvat start under performing.
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It has been observed many times that investors / traders (not
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knowing this fact) keep investing /trading in such sectors,( whose
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LAST WEEK’S PREDICTION: 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123
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astrological support is over) – resulting in losses.
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For example, SUGAR stocks (which were predicted by us 15
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months back) have been in down trend after the New Samvat started,
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As predicted FINANCIAL sector continued to out perform & in 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123
whereas Nifty is making new 130 weeks high. Similarly, despite all
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BANKING – BOB, UCO BANK, ALLHABAD BANK, CENTRAL BANK & 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123
possible support & great future plans /huge investments by government
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in INFRASTRUCTURE, substantial orders, excellent results- this
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OBC etc appreciated by 4- 13%. In HOUSING FINANCE – DEWAN HSG 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123
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sector under performed during last samvat.
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& LIC HOUSING went up by 7-11%. Among LIQUOR space GLOBUS 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123
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It is advised to be extra cautious every year, when new samvat
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went up by 9%, MILENNIUM BEER by 10%, GM BREWRIES by 13% 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123
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starts & consult your financial astrologer before taking any investment/
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UNITED BREWERIES by 14% & PIONEER DISTILERY shot up by 23%. trading decisions about sectors.
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TITAN moved up by 5.3%. PAPER SECTOR WILL OUT PERFORM DURING PRESENT
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SAMVAT.
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1) HDFC (2981.25 ) the upper side first term support at 2794 stop loss of 1792 on target is 756 then 2776 and buy with
:- target is 877 then and buy with the the upper side first Rs. 764 - 772 to 780. the stop loss of
In this scrip near Rs. 884 - 893 to 908. stop loss of 2781 on target is 1824 then 9) PNB 2768 on the upper
term support at 4) COLGATE the upper side first Rs. 1836 – 1852 to (1069.00 ) :- In side first target is
2972 and buy with (841.10) :- target is 2812 then 1865 . this scrip near term 2797 then Rs. 2812
the stop loss of 2964 In this scrip near Rs. 2827 - 2840 to 8) DIVIS LAB support at 1061 and - 2825 to 2844.
on the upper side term support at 833 buy with the stop 12) ASIS BANK
first target is 2996 and buy with the loss of 1054 on the (1345.40 ) :-
then Rs. 3009 - 3023 stop loss of 826 on upper side first In this scrip near
to 3040. the upper side first target is 1077 then term support at
2) GRASIM. target is 850 then Rs. 1089 - 1102 to 1336 and buy with
( 1833.45 ) :- Rs. 858 - 867 to 1117. the stop loss of 1329
In this scrip near 875. 10) BEL. on the upper side
term support at 5) MUNDRA (1808.80 ) :- first target is 1356
1824 and buy with ( 724.45 ) :- In this scrip near hen Rs. 1365 - 1374
the stop loss of 1817 In this scrip near term support at 1802 to 1388.
on the upper side term support at 718 and buy with the 13) OIL
first target is 1845 and buy with the stop loss of 1795 on (1408.45 ) :-
then Rs. 1853 – 1868 stop loss of 707 on the upper side first In this scrip near
to 1877 . the upper side first target is 1815 then term support at 1401
3) ABAN target is 736 then 2864 . (749.45 ) :- Rs. 1828 -1842 to and buy with the
( 869.05 ) :- Rs. 745 - 753 to 768 7) HERO HONDA In this scrip near 1859 . stop loss of 1394 on
In this scrip near . ( 1815.40 ) :- term support at 742 11) INFOSYS the upper side first
term support at 860 6) TITAN In this scrip near and buy with the ( 2788.85 ) :- target is 1416 then
and buy with the ( 2802.40 ) :- term support at 1806 stop loss of 734 on In this scrip near Rs. 1427 - 1438 to
stop loss of 853 on In this scrip near and buy with the the upper side first term support at 1454

GUJARATI HARD COPY AVAILABLE IN MUMBAI & GUJARAT

01-08-2010 to 07-08-2010 3

Candlesticks and Over- 5350 to 5460 range

all Technical Picture crucial for markets,
Candlesticks fit into willing to take even the
the overall technical
picture, but it should
view
Passive candlestick short term charts and
trades that may not go
break to provide trend
traders are more Nifty has closed stock has formed a stops above Rs 193.
be known that familiar with and entirely with the
candlestick chart “candlestick creed.” lower with 81 point double top at Rs 196 TECHM
typically favor other loss at 5367 in this levels and it is ex- (Rs 700):- This
patterns are just one methods of technical Little confirmation is
part of a wide array of needed for these week and for the stock has closed
traders who like the month of July it at 9-week low
simplicity to the more has gained by 57 Hot Talk and has seen a
complex forms of points. Nifty was
rangebound be-
Tanmay G gap-down this
week but so far
technical analysis.
The overall tween 5350 and PurohitCFA there hasn't
5460 this week, Ph: 98506 95994 been follow-up
picture break of the EMail: tgp81@in.com buying to close
Whether you are a range is awaited Web Blog : www.tanmaygopal.com this gap level.
candlestick purist or to give further The stock looks
technical analyst, trend. Break below pected to move lower weak to reach much
there is something in 5200 would be very in coming weeks lower levels.
analysis than chart candlestick charts for negative for this up given bearish pattern. Sell Rs 705-710 for
studies that fit into patterns. This group of
technical analysis. everyone. Full-time trend. Sell Rs 186-188 for target Rs 675, keep
investors is made up of day trading requires a IDFC (Rs 186):- The target Rs 175, keep stops above Rs 725.
Technical analysis those who prefer 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123
spans all chart analysis, full arsenal of trading 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123
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computer generated 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123
and it is even applied
to some fundamental
technical analysis to
the 18th century style
tools and information,
thus adding Nifty
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candlesticks can bring 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123
analysis statistics. 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123
Candlesticks are
of candlestick trading. some benefits. Some
use candlesticks to
Sup. 5280
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trade opening gaps or 123456789012345678901234567890121234567890123456789012345678901212345678901234567890123

the late day breakouts, NIFTY VIEW

but all investors can Nifty has support at 5280 & 5220 resistance at 5410 & 5455. In
agree that they do play the beginning of the week if nifty move to 5410 then do not take
some role in predicting
fresh buy position in nifty & wait for short selling.
future prices.
Keeping a SOME STOCKS FOR POSITIONAL BUY
balance
B a l a n c i n g STOCKS SUP. S. L TARGET
candlesticks and other BHUSANSTL 1520 1480 1600….1620
forms of technical HINDALCO 155 150 170
usually traded actively analysis is a solid way
The passive to produce consistent HCC 128 126 140
or passively, but few candlestick trader is
traders deny their profits. A professional ICICIBK 890 880 920…930
usually an active, trader is likely to favor
influence, especially JPPOWER 70 68 73…75
professional trader either candlesticks to
those that use with a more complex RELCAP 780 760 820
technical analysis in the bulk of technical
trading style than analysis or vice versa, TATACHEM 330 326 345
favor of traditional most. This group is
investing. Some but usually picks up the TISCO 520 510 570..580
made up of people who
traders like to use second place TULIP 184 180 192
trade candlesticks
candlesticks as the sole preference as a critical ULTRACE 84 820 880…910
casually while putting
buying and selling confirmation. A
more influence on WELCORP 245 240 260
signals, while others other indicators. comprehensive
blend them in with a trading plan should SHORT SELL ONRISE
few other technical The active outline the roles of
indicators to refine view both forms of analysis EDUCOM SHORT SELL 620 STOP LOSS 640 TARGET 580
their trading. Day and give preference to SINTEX 380 STOP LOSS 385 TARGET 360…350
traders and swing The active
one. Your plan should
traders are much more candlestick trader act as your own
keeps a close tab on FOR ACCURATE STOCK MARKET PREDICTIONS
likely to use screener, finding the
candlestick patterns each developing chart. good trades and
than investors, but that Bottoms and tops are
is due largely because marked by candlestick
leaving the bad. No http//www.astrostocktips.in
matter the type of
of the difference in patterns rather than
investing ideologies. their price. Active
trader, there is plenty TEL NO
to benefit in learning a
The passive candlestick traders are new indicator.
9810018438- 9810056543
VISIT : www.theeconomicrevolutiohn.com for latest infromation
 4 01-08-2010 to 07-08-2010

2-6 August - Low Volatility

confirms beginning of Long
Market shed some gain on the
term Down trend
Nifty - weekly close different strike price of perform index, resulting
5368 (5449) - First two various expiries with cumulative effect of -
hawkish statement by central bank days most of time help of Volatility Index. 20% on Index. 50,100 and
BSE Sensex (17868.30) and Nifty (5367.60) closed down market remains below Volatility Index is now 200 days Moving Average
1.4% and 1.5% respectively last week.Nifty Future August our weekly trading point at 20, which means that will help us in separating
was quoting at 3.40 points premium..Nifty Call Option 5440 and above stock according to
August 5400 was very active.Support for Sensex is at 17620. weekly stop loss their strength.
Resistance for Sensex is at 18100 .Support for Nifty is at 5410 in spite of For Next week - This
5280 and resistance at 5440. RBI policy, blue week market trading
Monsoon rains were satisfactory last week.ICICI chip results. range will be between
Bank,GAIL,Hindalco,IDFC and Power Grid will announce Q1 Wednesday 5080 - 5680 i.e. trend
results next week. noon profit point of 5380, and
RIL and SBI added Open Interest in August series.Huge booking took weekly range with +/-
position was build up at RIL August Call Option Strike Price market below 300. 20, 50, 100, 200
1020.Good build up was also seen at SBI August Call Option our weekly stop days EMA support for
Strike Price 2500. loss 5410, Nifty, which are at 5370,
Strategy for Futures Option players. turning daily, weekly 5290, 5210, 5040. Traders
1)Idea(70.60) Lot Size-4000 Shares trend negative. NIFTY SUTRA to exit their long position
Buy One Call Option of August Strike Price 70@2.30 Rs Thursday market at respective trigger
Sell One Call Option of August Strike Price 75@0.85 Rs. again closes at our market will move 20% in levels in fall. Re-enter
Premium .Paid=2.30*4000= 9200.00.00 Rs. weekly stop loss 5410 either direction during trade again later at
Premium Received=0.85*4000= 3400.00 Rs. due to Derivative expiry next year. Considering trigger or lower level.
Net Premium Paid==9200.00-3400.00=5800.00 Rs. and rollover pull back. negative technical Thus Trigger helped us
Maximum Profit==75.00-70.00==5*4000=20000.00- Friday saw month end indicator and Gann fan to protect, maximize
5800.00=14200.00 Rs. profit booking by FII, resistance as stop loss, profit and hold position.
Maximum Loss= 5800.00 Rs. DII, thus week closes we expect NIFTY to NIFTY trend and its
Break Even Price=71.45 with loss of 80 points. move at least -20% i.e. beginning as per 20
2)HDFC Bank(2118) August Future-Lot Size 125 Market again fails to 1100 point down from SMA line direction on
shares. break Gann fan here to 4400. Index different charts are as
Buy One Lot August Future @2118.00 Rs resistance strongly with stocks will move in follows:- 30 minute -
Sell One Call Option of August Strike Price 2150@34.10 channel support at range of +20% to -60% (- DOWN, 5400; 90 minute
Rs. Premium Received=34.10*125= 4262.50 Rs 5000. Traders can took 20% +/- 40%) depending - DOWN, 5400; Daily -
Maximum Profit=2150.00-2118.00=32.125=4000.00+ position in option with on their strength to flat, 5000; Weekly - UP,
4262.50=8262.50 Rs. Max Loss=Unlimited. buying/short selling under perform or over 5100.
Trading Idea Dinu's SAR -Trend and Stop-loss Table for Nifty -
1)Vijaya Bank(72.50)Buy this stock in decline and
trade. Investor Chart trade Beta Trend From Stop Gain
2)Tata Chem(336.8) Buy this stock in decline and trade type type % loss
Derivative Daily 20 (+1.2) DOWN 5440 5390 + 70
TREND OF MAJOR STOCKS Swing trade Weekly 20 (1-1.2) DOWN 5400 5380 + 30
STOCK TREND NO OF Weekly Monthly Short term Bi-weekly 20 (1) UP 5050 5350 + 310
DAYS Trend Trend Medium term Monthly 20 (1-0.8) UP 5100 5310 + 260
BHEL.NS Bearish 1 Rising Rising Mutual Fund Quarterly 10 (-0.8) UP 5000 5180/5340** + 260
ICICIBANK.NS Bearish 1 Rising Falling
Long Term Yearly 10 (-0.8) UP 3670 4600/5200** +1690
INFOSYSTC.NS Bearish 1 Falling Rising
ITC.NS Bulllish 7 Rising Rising (Daily stop-loss + close)/ 2 will give trader next day’s stop-loss and trend for
MARUTI.NS Neutral 2 Falling Rising NIFTY. Traders to exit below trigger** and re-enter trend at trigger** or lower level.
SBIN.NS Bulllish 1 Rising Rising
TATASTEEL.NS Neutral 3 Rising Falling Trading Guide Cont. from Pg. 14
TCS.NS Bearish 2 Rising Falling
long term investment. the next target area at GBP/USD:- The overall
Technical indicators of major Stocks YESBANK:- This scrip has 1.3310. Initial support bias remains bullish for
MFI=Money Flow Index * RSI=Relative Strength Index been trice in a year. In banking comes at 1.3045, followed 1.5775-5830 with an initial
ADX=Directional Momentum Index support around 1.5570 and
sector, better price growth by the crucial 1.2960. An
STOCK CLOSE MFI-21 RSI-14 ADX-14 rate than others. Better option eventual break below crucial area around 1.5520.
BHEL.NS 2437.9 57.17 52.27 11.28 for long term investment. 1.2960 will state that the The intraday bias is neutral
ICICIBANK.NS 904.9 65.5 53.92 10.67 There are some strong uptrend since 1.2731 is over while the pair is capped at
INFOSYSTC.NS 2788.4 45.21 51.4 12.69 1.5662 in a minor
ITC.NS 308.75 52.06 65.14 22.43
supports like 587/275/260 and and a top is place. There are consolidation phase. There
MARUTI.NS 1198.6 11.66 28 41.39 resistants like 304/312/326. some strong supports like are some strong supports
SBIN.NS 2502.9 74.15 63.52 34.44 EUR/USD:- There are no 1.3045/1.2731/1.2150 and like 1.5570/1.5118/1.4226 and
TATASTEEL.NS 537 81.1 63.02 23.52 signs of a reversal, so our resistants like 1.3120/ resistants like 1.5690/1.5830/
TCS.NS 839.8 76.96 62.78 29.03 outlook remains bullish for 1.3310/1.3850. 1.6460.

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01-08-2010 to 07-08-2010 5

CAN NIFTY BREACH 5100 IN THIS WEEK

RELIANCE HEADING TOWARDS 970
The Sensex had August ushers in Index put-call ratio have already gone by, preferred range on more likely than a
just begun to flap its sluggishness in the moved lower as it is time to briefly numerous occasions, lower one.
wings to soar above stock markets, traders utilised the revisit our yearly it has shown Although the long-
the 18,200 barrier probably because weakness to close outlook for Sensex remarkable resilience term outlook is
when it was checked some countries have some of their short published on January in holding way above beginning to turn
abruptly by the RBI’s summer holidays in positions. Open 3 this year. the 12,000 mark; that positive, we continue
policy rate hike. Our prognosis was our lower to advise caution
E a r n i n g s then had been, “Our boundary. As we have from a medium-term
disappointments preferred view is that pointed out earlier, perspective because
from some of the top- the index will move a the intermediate- of the strong
rung companies made little higher from term range within resistance around
the index retract current levels in the which the index is 18,000. Key medium-
further to close 263 early part of the year moving over the last term support is 17,400
points lower. Though before turning nine months has and breach of this
the index did not choppy or even going higher troughs and level will imply a
collapse last week, into deeper decline. peaks, indicating a possible fall to 16,850
yet another failure to The levels within bullish undercurrent. or even below in this
breach the above- which the index is That has resulted period.
mentioned barrier this month. So a interest for August expected to move in moving the lower The short-term
does no good to the spectacular rally or a series opens above Rs next year are 12,000 boundary for the year trend has also
morale of market crash seems 1,20,000 crore; and 18,500. The upper higher to 15,500. Next reversed lower since
participants. e x t r e m e l y probably the highest limit for the year is support zone for this the recent peak at
E a r n i n g s improbable in ever series-opening 20,772 and the lower year is also moved 18,237. The doji star
announcements will immediate future. in India. limit is 9,800. We will higher to that indicated last week
continue to dictate D e r i v a t i v e The Sensex has not revisit the long-term between 14,300 and proved to be a short-
stock price volumes spiked made any headway in counts if these limits 14,850. What is more term peak and the
movement in the higher close to expiry the month of July and are breached.” important is that this index is moving with
week ahead. It while the cash closed with modest Although the pattern suggests that a negative bias since
however needs to be segment recorded 167-points gain. Since index closed in on the an upward break-out then.
borne in mind that moderate volumes. seven months of 2010 upper end of the from this range is Continue on ......8

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 6 01-08-2010 to 07-08-2010

STRESS TES
TESTT IN INDIAN MARKET
MARKETSS IS
ON
ON…… SUR VIVE OR SETB
SURVIVE SETBAACK
Fireworks for the in last week and 06.08.10):
week 02nd AUG 2010 - continuous inflow This week 17964 & WEEKLY TRADING PICKS
06th AUG 2010 from FII’S given good 17726 will act as “KEY
MARKET OUTLOOK support to markets on LEVELS” – if it
(02nd AUG - 06th AUG 2010)
FOR THE WEEK back end… maintains above
SCRIP CLOSE SUPPORTS RESIST
STRESS TEST IN Finally we should 17964 or maintains
INDIAN MARKETS IS monitor, Q1 numbers below 17726 levels ANCES
will decide the trend AXISBANK 1345 1335,1320 1370,1385
of market in next BAJAJHIND 115 114,113 119,122
week… BHARTI 307 305,302 318,325
SUPPORTS: 17726, BHEL 2440 2430,2421 2455,2470
17577, 17442 &
17294… DLF 301 297,292 312,319
RESISTANCES: DIVISLAB 750 742,735 757,762
17964, 18057, 18261 & EDUCOMP 609 605,600 618,623
18456… HDFC 2982 2974,2959 3007,3030
SENSEX FOR THE
DAY 02.08.10: HDIL 266 257,252 272,279
Today, if SENSEX HINDALCO 160 158,157 163,166
maintains above IBREALEST 163 159,154 166,169
ON… SURVIVE OR from companies who 17921 will give upside IDFC 186 182,177 191,196
SETBACK are yet to announce target of 18012-18057
JINDALSTEL 623 617,610 634,645
As we hinted last results, Global Cues levels… Or else it may
week, Euro Markets & and FII’s stand… slide up to 17673- JSWSTEEL 1117 1108,1095 1145,1160
other Global Cues Whether FII’s will 17614 levels… L&T 1797 1793,1780 1820,1835
witnessed a mild sell continue investing SUPPORTS: 17789, M&M 659 653,644 665,680
off… money into the 17726, 17673 &
MPHASIS 590 588,585 600,605
RBI increased in markets or taking back 17614…
Repo Rate by 25BPS & – has to be closely R E S I S TA N C E S : RANBAXY 449 445,442 459,468
Reverse repo rate by monitored… 17921, 17964, 18012 & RCOM 178 176,175 184,187
50BPS without If we don’t find 18057… RELIANCE 1010 1005,990 1045,1060
touching CRR – any major surprise or NIFTY 5367 SAIL 204 200,197 208,211
Forecasted an upward positive news for TECHNICAL VIEW
bias WPI growth from markets, then bears (Week 02.08.10 – SESAGOA 361 357,354 367,372
8 to 8.5% and hinted will control the 06.08.10): SIEMENS 700 690,685 708,717
that they are looking markets for few This week 5396 & STERLITE 175 173,170 177,180
forward further days… 5324 will act as “KEY TATASTEEL 537 534,531 542,547
tightening in policy SENSEX 17868 LEVELS” – if it
rates… TECHNICAL VIEW maintains above 5396 VIDEOIND 211 209,208 217,220
A better monsoon (Week 02.08.10 – Continue on .......8 WIPRO 411 408,405 416,419

CHART PATTERN OF INDEX MAJORS TURNING WEAK

STOCK TALK FOR good. A bounce can be
THE SHORT TERM expected from
RELIANCE: This anywhere between
market heavyweight 995-1005 level.
has been a drag on the BPCL: Around
markets for the past crucial support of 620-
weeks. It had been 625. The scrip is in
facing tough resistance corrective phase after
around 1100 on the the steep rise it had
upside and support seen from around 545
around 1050. It finally to 718 levels. Crucial
broke below its support for BPCL is
support of 1050 on 28/ around 620-625. On
07/2010. The stock is break of this support
oversold and has a the scrip could easily
trendline support lose minimum Rs.30-35
around these levels. in few trading
Initial indications are sessions. Keep a close
that the trendline watch on its price
support should hold movement.
HINDPETRO: This oil 50DMA which is around 2065-2075 the but we can definitely
marketing counter is currently placed scrip has failed to help you improve your
also around its crucial around 404. participate in any rally own performance.
support of 426. Failure TATASTEEL: Chart and seen one way DISCLAIMER: The
to hold on to its support structure for the scrip slide since then. stock price projections
i s 200DMA of the scrip is shown are not
positive. around 1790 which is necessarily indicative
In a stable also a crucial support. of future price
market it Break below 1790 performance. The
can see would be bearish for information herein,
upside to the scrip and it could
together with all
565 in the come to 1650 in short
s h o r t term. estimates and
t e r m . Though all sincere forecasts, can change
would have bearish Minor support for the efforts are done to without notice. This
implications for the scrip is around 526. provide good quality report does not
scrip in the short term. HEROHONDA: The recommendations, purport to be an
Below 425-426 the scrip is intermediate our past performance invitation or an offer to
scrip is expected to get term downtrend. After does not guarantee buy or sell any
support around its making double top future performance, financial instrument.

AVAILABLE IN ENGLISH AND GUJARATI LANGUAGE

01-08-2010 to 07-08-2010 7
Lion’s Roar Cont. from Pg. 1
signals. The RSI (52) is a negative. The MFI Both Sensex and If we look at trendline top and the 5300 on the lower side
even though above 50, has moved lower indi- Nifty have given a bull- broader picture, then 78.6% retracement to 5600 on the higher
is moving lower. The cating the selling pres- ish pattern breakout we are still correcting levels are very near to side for the August
Stochastic oscillator sure at higher levels. and as a result mini- the fall of the Sensex each other and hence series.
from 21206 to 7697 Sensex and Nifty are Sensex has strong
and Nifty from 6357 likely to find diffi- trendline resistance
to 2252. Since both culty in crossing over which is also the ris-
INDEX LEVELS : the indices have 18315-18393 and ing channel top, falls
managed a close 5478-5519 respec- at 18393. The
S3 S2 S1 CLOSE R1 R2 R3
above their 61.8% tively. trendline support for
Nifty 5210 5269 5314 5367 5416 5478 5519 retracement levels, The O.I.PCR is the Sensex is at
Sensex 17373 17546 17712 17868 18047 18200 18393 the next possible tar- quite healthy at 1.40. 17790.
get will be Sensex Highest Open Interest Nifty has strong
has given a sell signal The OBV continues mum target for that 18315 and Nifty 5478 build up is seen at trendline resistance
which are the 78.6% 5300 strike Put and which is also the ris-
LAST WEEK’S RECOMMENDATIONS retracement levels of hence it is expected ing channel top at
Except for SBi and BEL most of the stocks managed to reach their the entire previous to provide strong sup- 5319. The trendline
targets. The star performers were Bank of Baroda and SKF. fall. Nifty has man- port in the short term. support for the Nifty
123456789012345678
123456789012345678 aged to reach 5478 in Strong Call writing is is at 5315.
123456789012345678
123456789012345678 the week before last. visible at the strike of For the week
123456789012345678
123456789012345678
STOCK
123456789012345678 Rec. Tgt Reached Lot Profit
123456789012345678 Since last October, 5600, followed by ahead, Sensex will
123456789012345678 price size
123456789012345678
123456789012345678 the market is moving 5500. As a result the find Support at 17712-
123456789012345678
Buy SBI 2496 2532 2522 125 Rs.3,250
123456789012345678
123456789012345678
123456789012
123456789012 in a rising channel and level of 5600 will act 17546-17373 and will
123456789012
Buy BoB 725 754 764 500 Rs.19,500
123456789012
123456789012 the channel top has as strong resistance. find Resistance at
123456789012
Buy BeL 1848 1879 1875 125 123456789012
Rs.3,375
123456789012
123456789012
123456789012 provided strong re- As a result of the Call 18047-18200-18393.
Buy Bharti 313 321 324 1000 Rs.11,000
123456789012
123456789012 sistance to the mar- writing at 5600 and For the week
123456789012
123456789012
Buy SKF 529 544 557 500 Rs.14,000
123456789012
123456789012 ket and that supply Put writing at 5300, ahead, Nifty will find
123456789012
Total 123456789012
Rs.51,125
123456789012 trendline top falls at the data clearly sug- Support at 5314-5269-
123456789012
Sensex 18393 and gests that the Nifty is 5210 and will find Re-
but % K is in oversold with its buy mode. will be Sensex - 18465 Nifty 5519. Both the likely to move in a sistance at 5416-5478-
zone. The ADX at 27 A short term and Nifty – 5522. Be- rising channel trading range from 5519.
continues to maintain uptrend will be re- sides that one more
the strength of claimed once the high pattern i.e. bullish flag Prabhakar Vyuh Cont. from Pg. 1
below 5350 we can 5days which can derail KG-D6 basin till 2013
THIS WEEK’S RECOMMENDATIONS : possibly see 5240 & reforms and Common- so which is negative
5100 on the downside. wealth game which for RIL as no visible
STOCK CMP SL Tgt-1 Tgt-2 Nifty long term moving should have boosted growth in next 2years
Buy BoB 752 742 768 785 average supporting Indian image Globally but this would benefit
Buy BoI 410 403 419 428 market 200DMA on contrary has thrown PETRONETLNG in a
Buy M&M 661 651 675 692 which 5117 and bad light, with corrup- big way. Domestic
100DMA is 5207 with- tion, delay and contro- gas supply: In the next
Buy JainIrrig 1235 1222 1253 1272 out close below 5222 versy. Adding to that 2-3 years, there is no
Buy SpiceJet 62 60 66 71 for 2-3days major Maoists pose major major new source of
weakness not threat for growth in gas while demand will
uptrend. The Direc- of Sensex - 18237 and formation has been
seen Results season is mining sector and continue to increase
tional Indicators even Nifty – 5478 is crossed. completed, and the
almost coming to an Bloomberg data says would benefit
though in buy target for that
end with results below business risk could be PETRONETLNG.
mode, are con- will be Sensex –
verging towards WATCH OUT FOR 18732 and Nifty –
analyst expectation In- $78billion and now Support-5340-
each other which 5609.
dia valuation looks election result in 5280-5210
stretched and correc- Telangana has again Resistance-
tion stock specific can opened the burning is- 5430-5485-5525
be very high. Nifty sue. Positive side Mon- Stock – APIL Cmp
trading around P/E of soon has been very Rs.703 Buy on Dips
22.31 while CNX500 good and Indian Cor- Rs.690-700 have a stop
P/E=19.92 trailing porate sales growth below 674 and target
12months has priced has been 22% so far Rs.740-750
future growth. We are and fall in Net profit is
LT Cmp Rs.1794
mentioning about (any due to bad government
use rally to exit long po-
disappointment on Po- policy on Oil subsidy.
litical, Corporate re- Stock Talk- sition stock next support
sults or reforms (Oil PETRONETLNG Rs.1680 & 1630 which
free pricing) could trig- Cmp Rs.90 would is 100DMA &
ger a correction) now benefit as Govern- 200DMA
there are signs and in ment has indicated ABB Cmp Rs.811
every front we (India) that RELIANCE is not use rally to stock looks
could fail as parliament in a position to ramp weak target below
session was stalled for up Gas supply from Rs.750 can be possible

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 8 01-08-2010 to 07-08-2010
Buy & Sell Cont. from Pg. 6 Weekly Review Cont. from Pg. 1
or maintains below R E S I S TA N C E S : maintains above 5383 levels …
5100 is not ruled out… 17850-17500-16950
5324 levels will 5396, 5423, 5487 & levels – then it will SUPPORTS: 5343,
The crucial and strong resistance
decide the trend of 5544… give upside target of 5324, 5307 & 5292…
support for the Nifty at 18000
market in this week… NIFTY FOR THE DAY 5412-5423 levels… R E S I S TA N C E S :
is 5350-5225- 5100 and From a trading
SUPPORTS: 5324, 02.08.10: Otherwise it may 5383, 5396, 5412 &
strong resistance at point of view I would
5279, 5238 & 5193… Today, if NIFTY slide up to 5307-5292 5423…
5493 The support continue to book
for the Sensex is at profits on the way up…
WHAT WE DID WITH LAST WEEK HOLDINGS (TABLE 1)
Market Priview Cont. from Pg. 5
SCRIP ENTRY SL ENTRY TGT POSITION Oscillators in the 5,550 indicated last
NIFTY FUT SHORT 5460-5465 5487 23-JUL OPEN TGT HOLDING. MADE LOW 5369 30-JULY daily chart week. Reversal from
corroborate this here can pull the index
BANKNIFTY SHORT 10050 10080 26-JUL 9975-9950 BOOKED @ 9985 INTRADAY weak outlook. down to 5,050 or
The 10-day rate of below over the
DLF SHORT 320 325 26-JUL 311-306 BOOKED @ 313 INTRADAY change oscillator has medium-term.
declined in to the Conversely a strong
IFCI 65 CA BUY 0.25 NIL 26-JUL OPEN BOOKED @ 0.80-0.90 ON 27-JUL negative zone and the move beyond this
SBIN 2450 PA BUY 23 12 26-JUL 45-50 BOOKED @ 50 INTRADAY 14-day relative zone can take the
strength index index to 5,780.
HINDPETRO BUY 437 432 27-JUL 445-450 MADE TGT 445 ON 28-JULY positioned at 52, is on Global benchmarks
the verge of moving gave up some of the
RIL 1050 PA BUY 10 N.A 27-JUL 24-37 BOOKED @ 37 ON 29-JULY in to bearish zone. gains in the later part
Outlook for the of the week to end on
DLF FUT SHORT 320 325 27-JUL 311-306 BOOKED @ 306 ON 29-JULY week ahead is a flat note.
BANKNIFTY SHORT10105-1012010155 28-JUL 9975-9950 MADE LOW 10005 INTRADAY bearish. The index is The iffy movement
currently hovering in European and
SAIL FUT SHORT 207 210 28-JUL 200-195 BOOKED @ 202-203 ON 29-JULY around the short- American indices
term support at maintains a question
SAIL 200 PA BUY 0.25 NIL 28-JUL 4-5 BOOKED @ 1 ON 29-JULY 17,900, where the 21- mark over the reversal
day simple moving of the medium-term
BANKNIFTY SHORT 10170 10225 CB 29-JUL OPEN HOLDING average is also downtrend from the
BHEL FUT SHORT 2470 2490CB 29-JUL 2400-2350 MADE LOW 2442 30-JUL, HOLDING positioned. The April peak. In other
Sensex can however words, sharp declines
COX & KINGS BUY 490 480 29-JUL 510-515-522 MADE 515 ON 30-JULY decline below this from current levels will
level to 17,716 or mean that the third leg
JSWSTEEL SHORT 1155 1165 29-JUL 1140-1125 BOOKED @ 1140 INTRADAY 17,395 in the near- down of the down-
term. Resistances for move from April highs
IDFC FUT SHORT 188 193 30-JUL 180-177 HOLDING the week would be at is in progress.
IDFC 180 PA BUY 2.50 1 30-JUL 6-9 HOLDING 18,084 and 18,237. CBOE VIX inched up
The Nifty (5,367.6) gradually over the
KFA C/F BUY 53 51 30-JUL 57-60 HOLDING too could not overtake week but it recorded
the recent peak of a sharp decline from
KFA 55 CA 1.50 0.50 30-JUL 4-5-6 HOLDING 5,477 and declined to the intra-week peak
the intra-week low of of 27.3 on Friday.
MPHASIS SHORT 594-597 605 30-JUL 575 MADE LOW 585 INTRADAY 5,350 instead. The Traders were perhaps
NIFTY 5400 PE BUY 92 75 30-JUL 145-150 MADE HIGH 114 INTRADAY near-term trend in the happy to see market’s
index is down and indifference to
immediate supports decelerating GDP
Note: In the above tables C/F stands for, recommended both Cash and Fut are at 5,381, 5,321 and growth in the US.
based on client's trading choice… 5,225. Since the index
The Dow reversed
is hovering around the
We made small Gain made in Axisbank (Rs.10-12), Denabank (Rs.2-3), Jindalsaw first support, short-
lower from the intra-
(Rs.2-3), Sesagoa (Rs.3-4) & Siemens (Rs.5-6) short positions & NIFTY 5400 PE… term traders can wait week peak of 10,585.
for a firm move below We maintain that key
We made loss in ChambalFert 70 CA Rs.0.90, PowerGrid 110 CA Rs.1, BOB resistance for this
5,350 before divesting
short (Rs.2), HDFCBANK short (Rs.3) their long positions. An index stays at 10,650.
upward reversal early The index needs to
Cont. from Pg. 11 next week can take the close above this level
Panik & Profit to signal the reversal
index to 5,480 or 5,505.
HEDGING cash levels –exit if future Target 1200 Traders ought to in the medium-term
Sell 1 lot of tata close above 542 in Sell 1 lot of 1200 Hold on to nifty fu tread cautiously as down-trend.
steel future cash segments. put option hedging strategy and long as the Nifty trades Inability to do so
Target 500 Stop loss 1265-in nifty option hedging below the key can drag the index
Sell 1 lot of 520
(5) ONGC FUTURE cash levels-exit if strategy which has medium-term down to 10,000 or
strick put option close above 1265 in
Stop loss 542-in WITH HEDGING been given in the last resistance zone even below over the
Sell 1 lot of ongc cash segments weekly market report between 5,450 and ensuing weeks.

MORE THAN 4.5 LACS READER WORLD WIDE

01-08-2010 to 07-08-2010 9
ABOVE 5423 WE MAY SEE
5452,5486,5515… BELOW 5324,WE
MAY SEE 5290,5247,5225….
Between Volatality also We may see
Last week we had will able to give you
strong upside in
given all levels of
nifty future…..but
good profits……
From last week's
reco
selected stocks…
due to very very our stock future
range bound recommendations, in delivery at 314 &
touched 339, Tata Hot Midcaps/Smallcaps In Short Term For Week
market…nifty future Hind Zinc moved to
had not given break 1045 from our reco motors fut reco at 772 (02.08.10 To 06.08.10) :-
out on either side… price 991, Uniphos touched 848, DLF fut No. Company Name BSE Code CMP Stoploss Target 1 Target 2
in last week we had moved to 187 from reco at 283 touched
1 DCB 532772 49.15 - 55 62
seen huge our reco price 181 & 315, S Kumar reco in
delivery at 75 2 Andrew Yule 526173 36.40 - 44 49
volatility….. We had BPCL moved to 657 3 Suryachakra Power 532874 17.40 - 20 23
seen a high of from our reco price touched 88, Godrej
5463.55 & a low of 635…… Consumer reco in 4 Tata Communication 500483 270.50 - 280 293
5 Nagarjuna Ferti. 500075 30.45 - 34 37
6 Spice Jet 500285 62.40 - 68 73
Trade On Break Out Side Only 7 ASCL 532853 74.90 - 82 89
8 NMDC 526371 260.25 Above 265278 295
To Get Benifited By Trend. 9 KFA 532747 52.95 - 59 64
10 S Kumar 514304 83.45 - 91 98
5369.10 in last Some of our past delivery at 350 11 BEL 500049 1808.80 - 1888 1960
week…. Due to performances……..for touched 396,ICICI fut 12 R Power 532939 163.75 - 172 183
ending of July future your ready reco at 837 touched 13 Kajaria Ceramics 500233 68.40 - 77 82
series we had seen a references….. 919,IB real fut reco at
14 Onmobile Global 532944 273.10 - 286 304
lots of volatility….. In Uniphos Fut touched 155 touched
170+……Polaris reo in 15 Videocon 511389 211.10 - 224 234
coming days also we 187 from our reco 16 J.P.Power 532627 69.80 Above 74 7 9 84
may see huge price 175, Sesagoa Fut delivery at 179
volatility….but many touched 370 from our touched 218,Lakshmi 17 Batliboi 522004 39.10 - 48 59
scripts may rise & reco price 338, Cairn vilas bank reco at 90 18 Timex 500414 30.65 - 34 39
in delivery touched Will give details informations here is
Nifty Future's Prediction for Week (02.08.10 To 06.08.10):- 104, Edserve reco in through phone calls in good faith
Index Closing Price Support Stoploss Target 1 Target 2 Target 3 delivery at 198 only….. only….so everytime
Nifty 5374.30 5324 5290 5423 5452 5486 touched 234, BEL reco We are giving this investors has to
in delivery at 1724 information based take their own
touched 1880… on our decisions while
Hot Positional Stock Futures For Week (02.08.10 To 06.08.10) We are now research,sources & taking positions
concentrating more news…. Everybody
Sr. Company Closing Support Stoploss Target 1 Target 2 from any of the calls
on PMS(Portfolio should take care of
No. Name Price recommended in
M a n a g e m e n t their position of buy/
1 Uniphos 184.30 182 180 194 203 our articles…We had
Services)… So those sell according to
2 M&M 657.55 646 638 671 680 interested in PMS can performed almost
their financial
3 SCI 163.05 161 160 167 171 contact us after at the success rate
capacity… & should
4 Cairn 337.00 334 330 347 352 market hours. No take decisions at of 95%+…..but this is
5 Welcorp 249.25 245 243 261 270 queries on emails their end only…..We stock market…
will be entertained…. are giving all Anyway all the best.

Hot Weekly Stock Futures For Week (02.08.10 To 06.08.10) ATTENTION

The material contained in the Economic Revolution is based on Fundamental
Sr. Company Closing Support Stoploss Target 1 Target 2 and Technical analysis & other scientific methods and also the knowledge and
No. Name Price belief of author. Error can not to be rulled out. The information given is of advisory
1 Titan 2812.60 2788 2765 2870 2923 nature only. The Editor, the Publisher and the Author does not take any conse-
quences arising out of it. All rights reserved. Reproducing to whole or in part of any
2 Century Textile 448.90 442 437 460 473 matter including featurs without permision is not permitted. Legal jurisdiction is
3 BPCL 643.25 631 620 683 719 Ahmedabad only.
The material given in the Economic Revolution is the views of author only, it
4 Sesagoa 359.45 355 350 370 383 not means that Editor is agree with it, so Editor, the Publisher and the printer is
5 Sail 204.60 201 198 212 217 not resposible for the contains in writers article.
Narendra Joshi Editor,

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 10 01-08-2010 to 07-08-2010

Momentum & Swing trading

In trending market, backward reaction with for newcomers most appropriate. resistance. They and apply new
fast-moving stock’s follows each forward and part-timers. Novice traders analyze chart pattern methods to exploit
prices attract attention impulse. Novice The right approach enter small price characteristics to them. However, as its
and awaken great traders fail to consider to swing trading is swings on the false indicate short-term core, swing trading is
excitement. Many this action-reaction always going for stocks assumption that the market inefficiencies. not the opposite of
novice traders fever cycle when they enter of larger companies, action represents a The swing trading momentum trading.
with these hot plays. momentum positions. otherwise known as new breakout for a 12345678901234567890123456789
12345678901234567890123456789
The financial press They blindly execute Large Cap stocks. They major trend. Although
these errors may not 12345678901234567890123456789
12345678901234567890123456789
incur large losses, they 12345678901234567890123456789
Nifty for 02/08/2010 to 06/08/2010:
12345678901234567890123456789
damage equity and 12345678901234567890123456789
Nifty CMP-5367 [ Key for down trend
12345678901234567890123456789
confidence at the same 12345678901234567890123456789
is now 5330-5300 then target 5250-
time. 12345678901234567890123456789
Some traders, in 12345678901234567890123456789
5220. for up move from here 5420] -
12345678901234567890123456789
Trend FLAT/Bearish.
the other hand, may 12345678901234567890123456789
appreciate the
market ’s complexity strategy is a time frame During the times that
and realize that i n d e p e n d e n t strong price
trading mastery methodology. Some m o v e m e n t
requires many diverse traders are able to characterizes a market,
are likely to show skills. As price usually apply this strategy by d i s c i p l i n e d
Scripts +ve side : greater fluctuations. cycles through regular never holding a momentum strategy
IRB, COX&King, The choice of the right phases, strategy needs position overnight. becomes the
stock is an inseparable to adapt quickly to Nowadays, the preferred swing trade.
Elgiequipment, M&M and part of swing capitalize on the revolution in high- In this way, modern
Tatachemicals trading strategies. current crowd. So, speed trade execution swing traders can apply
Investment : Reliance First, the trader needs swing trading, that opens swing strategies the principles of risk
to follow a certain execute right near that last for minutes management and price
Scripts –ve side : Bank stocks. stock for some time support or resistance, instead of days. boundaries and use
before he decides to is a powerful Dependable price momentum’s greed to
makes these more trades that rely on a buy them. In case this alternative. This classic patterns appear on their advantage.?
danger with frantic common but stock reverses its trading style requires charts in all time If u want to know
reporting of big dangerous trending- trend, the trader more precise planning frames, swing setups about Technical
gainers and losers. But following strategy, simply fixes his than momentum. offer the short-term analysis classes
attention to another However, it allows charts the same conducted by me, send
stock. measurable risk and opportunities that the details about you to
Another chief highly consistent appear on longer-term tipssbsense@yahoo.in
Previous Week factor behind swing rewards. charts. I will revert back with
performance trading profits is the Swing traders seek Swing trading course details. Please
right market condition. to exploit direct price provides a natural mention the reference
Nifty for 26/07/2010 to 30/07/2010: As mentioned before, thrusts as they enter framework to identify as THE ECONOMIC
Nifty CMP-5441 [ Key for down trend the market that is positions at support or changing conditions REVOLUTION
rising or falling is least
is now 5400-5380 then target 5250- suited for swing trade
5200. for up move from here 5516- since in such a market
5530] - Trend FLAT/Profit Booking. most stocks will move SENSEX —— (SUP- Nifty future Target and cash and future for
SCRIPTS on +ve side : Bataindia, in a single direction. PORT—17713/17585— Stop loss for clients short term. Target and
The best strategy for —RESISTANCE—17926/ only. Stop loss only for Cli-
BEL, PURVA, such markets is long-
Result : Actual High 5466 and low 18157) Technically INFOSYS LIMITED ents.
term trading. Swing sensex looking side- (SUPPORT—2649—— HDFC LIMITED (SUP-
5349 trading happens best ways for coming days. PORT—2821——
in comparatively The next major Resis- RESISTNCE—3079)——
stable markets where tance level of sensex BUY Stock is looking great
gaining profits by then trend reversals the short-term is 18157. Target and to buy for short term trad-
momentum trading appear suddenly. changes are reflected Stop loss for clients
ers and investors. Traders
requires great skill and Swing trading is in the rise and the fall can Buy cash and future.
only. Target and Stop loss only
discipline. preferred by some of the index even NIFTY —— (SUP-
Typically, price people over other when their value for Clients.
PORT—5289/5166—— SHORT TERM TRADING
seeks equilibrium. forms of trading remains roughly the RESISTANCE—5426/ CALL
When unsettling because: same. In such market 5486) Technically Nifty RESISTANCE—2963)— STRONG TECHNICAL
events destabilize a 1. Low Risk. conditions, at first the is also looking side- —BUY Stock looking BREAKOUT — KEEP
market, counter-trend 2. Shorter indices rise and then ways for coming days. strong Technically. In- STOPLOSS ALSO BUY——
force emerges quickly Investment Period fall for some days in an The next major Strong dicators showing good ( BSE CODE—511016 )
to put it to a stable involved. alternate manner. This Resistance in the nifty up move for next few PREMIER CAPITAL SER-
state. This inevitable 3. Easier to deal is where swing trade is is above 5486 mark. days. Traders can Buy VICES LTD

IF NOT AVAILABLE IN MUMBAI CALL OUR DISTRIBUTOR : PHONE (022)30224757

01-08-2010 to 07-08-2010 11

SENSEX CRUCIAL SUPPORT IS 17594

AND RESISTANCE IS 18160 NIFTY
TREND DECIDER IS 5285 AND 5451
Mix Sign Of Global And Some Stock Strong Support Of 378 ROCKING CALL Stock Is 34.77. With Printing,
Market, Quarterly Specific Movement In To Get Target 408 And Company ’s Yearly Publishing And
Result Of Indian it. SENSEX Crucial 425. If It Close Above IDEA (BSE CODE And Quarterly Result Stationary Business.
Companies And Support 17594 And 408 Then Target Will 532822) (70.25) — Are Medium. Long The Company Also
Expiry Of JULY Future Crucial Resistance Is Be 425. End Of Week Buy At Any Declines Term Investors Can Produced And Selling
Series So Last Week 18160 When NIFTY The Stock Create On Rate Near 68 for
SENSEX And NIFTY Crucial Support 5311 Chart Symmetrical Objective of 78 and 82
Again Closed Below And Crucial Triangle In Up Trend. area. If it Close above
18000 And 5400 Resistance Is 5426 For
Levels. Last Week We Next Week.
Given A SENSEX
Recommendation Of

Buy It In Limited To Wide Range Cards,

Quantity. Short Term Stationary, Gifs
Investors Book Profit Items. The Company
At Every High. Produced 3 Lakh
Who Gives A Sign Of 78 Then Should Stock ARCHIES (BSE Above Cards Daily. Its
P o s i t i v e Lead at 82 area Strict Recent Book Value Is
Consolidation With Stop Loss At. 65 Area.
CODE 532212) 130.96 Who Is Above
DABUR Future Given (17868.29)— Positive Movement. Promoted With BIRLA (118.70)- Buy At Any Form Recent Price.
2 % Above Return. 17956 ABOVE Weekly Chart Create Group And Set Up In Declines Rate Near Company PE Ratio Is
Long Term To Short 18064, 18160, 18268 A Pattern Of Bull Flag Gandhinagar(Gujarat). 115 for Objective of 9.11 % Who Is Below
T e r m AND 18404. WHEN In Up Trend. Who The Company 129 and 137 area. If it From Industrial PE
Recommendation 17798 BELOW 17690, Gives A Sign Of Buy At Concerted With Close above 129 Then Ratio 21.98 %. Long
Also Given Good 17594, 17476 AND Every Declines. On Telecommunication Should Stock Lead at Term Investors Can
Return. Like INDAG 17344 WILL BE SHOW. Quarterly Chart The Business Since 14 137 area. Strict Stop Buy It In Limited
VENTURE,TEMPTATION NIFTY Stock Create March 1995. Company Loss At 110 Area. Set Quantity. Short Term
FOODS And Ascending Triangle In PE Ratio Is 20.31 %. Up In New Delhi The Investors Book Profit
CROMPTEN GREVES
(5367.60)— Recent Book Value Of Company Concerted At Every High.
Up Trend Format.
When On Long Term
Chart Create
Symmetrical Triangle
MOMENTUM
In Up Trend Who
Gives A Sign Of CALLS (02/08/2010)
Bullish Trend For Long As per Gann series triangle and head and
T ime. End Of Week
OPTION
of time I expect in Traders can buy head and shoulder
Future Positive Open august month market has been broken
5000 strick put option
Interest Has Been Traders can buy 160
11.31 %. strick put option close
Fundamentally Also at 0.85 maximum loss
Stock Are Good. 1700 per lot and profit
They All Are Given 3
5384 ABOVE 5409, Company ’s Yearly un limited.
%, 3 % And 1 % Return
5426, 5451 AND 5476 And Quarterly Result (3) TATA
In Short T ime. Last
Week In SENSEX WHEN 5353 BELOW Are Very Good. The
5335, 5311, 5285 AND Company Gives 350 % STEEL
262.69 Points When Traders can buy 500
In NIFTY 81.50 Points 5260 WILL BE SHOW. Dividend Regularly
Every Years.Long strick put option close
Declines Looked ROCKING at 7 maximum loss
From Ago Week. Term Investors Invest
Where SENSEX
FUTURE CALL In Limited Quantity. 3500 per lot and
HCL Short Term Investors will see blood –bath. maximum profit un
Closed At 17868.29 close at 18 maximum
Book Profit At Every Sensex may correct limited
And NIFTY Closed At TECHNOLOGIES loss 900 per lot and
5367.60. High. 3000 points and nifty profit un limited. (4) TATA STEEL
Next Week Market (392.00) SHORT TERM may correct 1000 (2) RELIANCE FUTURE WITH
Can Be Start With Buy Decline points. COMMUNICATION
Some Positive Points Around 385 With TO LONG TERM (1) NIFTY On daily chart Continue on ........8

WE WEL COME ADVERTISE FOR THIS PLACE

 12 01-08-2010 to 07-08-2010
DR. DIPESH GOHIL
Mo. 9727990980 OUR PERFORMANCE
veenmoney@gmail.com STOCKS REC. HIGH TGT
PRICE /LOW
NIFTY 5443 5369 1 TAR. ACHVD.
BANK NIFTY 10060 10198 3 TAR. ACHVD.
GAIL 465 436 3 TAR. ACHVD.
NAME : NIFTY HCC 134 127 2 TAR. ACHVD.
BUY ABOVE : 5374 PFC 317 323 1 TAR. ACHVD.
RES-1 : 5410 PTC 112 108 1 TAR. ACHVD.
RES-2 : 5450
RES-3
SELL BELOW
: 5480
: 5374
NIFTY APPEARS EXHAUSTED WE CAN
SUP-1
SUP-2
: 5350
: 5336
SEE A LARGE CORRECT
SUP-3 : 5280 Market View for the Week
Dinesh Nifty has been witnessing selling
on its upper end of channel. Nifty
NAME : BANK NIFTY
BUY ABOVE : 10126 Nagpal appears to be exhausted after a 8
weeks rally and with a large
RES-1 : 10181 percentage of results inline and below
RES-2 : 10198 Ph: 9830039085
EMail: bluechips4u@gmail.com expectations, it is advisable not to be
RES-3 : 10220 long at these levels. Accumulate Nifty
SELL BELOW : 10126
SUP-1 : 10095 OTM puts on rise as the
SUP-2 : 10025 correction below 5350 can be very
SUP-3 : 9951 steep. Support for the week
comes in at 5340 / 5310 / 5275.
Resistance comes in at 5405 /
NAME : CESC 5440 / 5470
BUY ABOVE : 395
RES-1 : 403 Stock Picks for the
RES-2 : 408
RES-3 : 411 week.
SELL BELOW : 395 Jindal Steel (622.45)
SUP-1 : 390
The stock is trading below all its
SUP-2 : 385
key moving averages and looks
SUP-3 : 379
weak in charts. Short for a target
of 580 with a stop loss of 638.
NAME : CIPLA
BUY ABOVE : 326 RCOM (178.70)
RES-1 : 330
The stock has broken down
RES-2 : 333
from a descending triangle. Short
RES-3 : 341
on a rise for a target of 160 with a
SELL BELOW : 326
stop loss of 192.
SUP-1 : 323
SUP-2 : 320
SUP-3 : 314
Engineers India FPO subscribed over 13 times
The QIB segment Friday was the last day Government.
NAME : CAIRN was subscribed by for Retail and Non- Retail investors will
BUY ABOVE : 335 more than 23 times institutional Investors. get a 5% discount on
RES-1 : 338 and for them the issue The price band for the issue price, which
RES-2 : 342 closed on Thursday the Engineers India will be discovered
RES-3 : 346 itself. Today is the last FPO was fixed at through the 100% book
SELL BELOW : 335 day for Retail and Non- Rs270-290 per share. building process.
SUP-1 : 331 institutional Investors. The stock closed at The Government
The Engineers India Rs323, down Rs7 or 2% holds 90.4% stake in
SUP-2 : 326 Ltd. FPO was
SUP-3 : 321 on the NSE. It earlier EIL, which provides
subscribed 13.35 touched a high of design and
times, according to Rs335 and a low of engineering services
NSE data at 7:00 PM on Rs321 after opening at for petroleum, power
NAME : PATNI Friday. The company
BUY ABOVE : 469 received bids for Rs329. and fertiliser
RES-1 : 474 449.68mn shares as A Group of companies. Post FPO,
RES-2 : 477 against 33.69mn shares Ministers, headed by the Centre's stake in
RES-3 : 511 on offer. Finance Minister EIL will fall to 80.4%.
The QIB segment Pranab Mukherjee, set ICICI Securities, HSBC
SELL BELOW : 469 Securities, IDFC Capital
was subscribed by the price band for the
SUP-1 : 465 Engineers India FPO, and SBI Capital are the
SUP-2 : 458 more than 23 times
and for them the issue which includes a 10% book-running lead
SUP-3 : 452 closed on Thursday. stake sale by the manager for the FPO.

WE WEL COME ADVERTISE FOR THIS PLACE

01-08-2010 to 07-08-2010 13
Madhav Ranade Trading levels WEEKLY SUPPORT AND RESISTANCE LEVELS
(M) 09371002943 or GET ONE DAY FREE TRIAL FROM 02 Aug. TO
email : 2nd / 6th SEND SMS ON MOBILE 9992012310 07 Aug. 2010
sumamura@dataone.in YOUR NAME, MOBILE NO. ,EQUITY OR
August 2010 COMMODITY anuraghsr@yahoo.com
Email :
Indian markets are in a very tight
trading range for more than two series on hand and let us see ANURAG GUPTA MOBILE : 9255191643
weeks now. Imperative the range how it plays out.
If you want nifty intra / SYMBOL CLOSE TREND RES2 RES1 TREND SUPP1 SUPP2
will be broken in a few days time - LEVEL
either way. weekly trading levels you will
have to become paid member NF AUG FUT 5374.30 BEARISH 5496.77 5435.53 5402.32 5341.08 5307.87
There is 80 % chance that the ABB FUTURE 806.50 BEARISH 916.63 861.57 828.78 773.72 740.93
break-out will be on the downside of NIFTY group.
Please remember CAPITAL ACC FUTURE 832.40 BULLISH 871.47 851.93 830.47 810.93 789.47
as lots of key NIFTY heavyweights BANKBARODA FUTURE 744.25 BULLISH 770.42 757.33 734.42 721.33 698.42
are showing weakness on weekly is always scarce and needs to
be respected. BEL FUTURE 1815.35 BEARISH 1914.45 1864.90 1827.45 1777.90 1740.45
as well as daily charts. BHEL FUTURE 2450.45 BEARISH 2504.82 2477.63 2452.82 2425.63 2400.82
The best way to play such THE NEW NIFTY GROUP
HAS BECOME A PAID GROUP BPCL FUTURE 643.25 BULLISH 674.32 658.78 641.47 625.93 608.62
eventuality is thru bear spread CANBK FUTURE 481.25 BEARISH 508.22 494.73 480.32 466.83 452.42
which was explained yesterday on FROM 9TH APRIL.
h t t p : / / CENTURYTEX FUTURE 448.90 BEARISH 473.17 461.03 453.77 441.63 434.37
yahoo messenger when index was CIPLA FUTURE 327.40 BULLISH 334.93 331.17 328.13 324.37 321.33
closer to 5390. finance.groups.yahoo.com/
group/sumamura-nifty/ DABUR FUTURE 198.00 BEARISH 226.07 212.03 204.27 190.23 182.47
I expect NIFTY to move to range DLF FUTURE 303.50 BEARISH 332.37 317.93 310.07 295.63 287.77
of 5270/5280 in next few trading I am now available on yahoo
messenger on most of the DIVISLAB FUTURE 753.20 BEARISH 795.57 774.38 760.87 739.68 726.17
sessions unless Reliance makes a DRREDDY FUTURE 1355.50 BEARISH 1432.60 1394.05 1338.20 1299.65 1243.80
sharp u turn. trading days and you can add
me on your yahoo messenger. EDUCOMP FUTURE 594.05 BEARISH 644.15 619.10 605.20 580.15 566.25
As expected RBI policy was a GAIL FUTURE 441.35 BEARISH 479.72 460.53 450.22 431.03 420.72
non-event. My feeling is that RBI has My yahoo id is madhavranade1
Please call me if you have GRASIM FUTURE 1816.95 BEARISH 1884.42 1850.68 1822.37 1788.63 1760.32
virtually become a part of Finance HCLTECH FUTURE 392.00 BULLISH 408.33 400.17 385.33 377.17 362.33
Ministry since Mr Subbarao has any doubts or you need levels
for some other stock. I am HDFC FUTURE 2988.35 BEARISH 3095.18 3041.77 2964.08 2910.67 2832.98
become the RBI Governor. HDFCBANK FUTURE 2121.50 BULLISH 2219.13 2170.32 2101.18 2052.37 1983.23
We have interesting August available on 09371002943 or
on sumamura@dataone.in HDIL FUTURE 267.40 BULLISH 282.27 274.83 263.92 256.48 245.57
HEROHONDA FUTURE 1788.95 BEARISH 1997.12 1893.03 1834.02 1729.93 1670.92
BSE Indices HINDUNILVR FUTURE 251.20 BEARISH 272.60 261.90 255.80 245.10 239.00
IDFC FUTURE 187.25 BEARISH 199.95 193.60 188.95 182.60 177.95
posn trading lvls date 2nd / 6th aug 2010 IDBI FUTURE 119.85 BEARISH 125.32 122.58 119.72 116.98 114.12
stock / index go entry targets stoploss IFCI FUTURE 63.00 BULLISH 67.57 65.28 62.57 60.28 57.57
BSE SENSEX short 17950 17910/760/610/460 18120 HINDPETRO FUTURE 435.85 BEARISH 455.15 445.50 436.35 426.70 417.55
long 18120 18160/250/330/410/500 17950 ICICIBANK FUTURE 898.60 BEARISH 936.53 917.57 907.28 888.32 878.03
BSE auto index short 8450 x 8530 INDIACEM FUTURE 107.25 BULLISH 109.82 108.53 106.42 105.13 103.02
long 8530 x 8450 INFOSYSTCH FUTURE 2785.60 BULLISH 2866.00 2825.80 2796.65 2756.45 2727.30
BSE bank index short 11550 x 11670 IOC FUTURE 363.90 BEARISH 378.10 371.00 364.00 356.90 349.90
long 11670 x 11550 ITC FUTURE 309.10 BULLISH 318.80 313.95 307.20 302.35 295.60
BSE capital goods short 14550 x 14685 IVRCLINFRA FUTURE 172.65 BEARISH 192.72 182.68 176.07 166.03 159.42
long 14685 x 14550 JSWSTEEL FUTURE 1126.70 BEARISH 1237.43 1182.07 1152.08 1096.72 1066.73
BSE FMCG index short 3230 x 3265 LT FUTURE 1795.95 BEARISH 1996.12 1896.03 1843.92 1743.83 1691.72
long 3265 x 3230 M&M FUTURE 657.55 BULLISH 688.72 673.13 646.22 630.63 603.72
BSE health index short 5580 x 5630 MARUTI FUTURE 1204.00 BEARISH 1369.57 1286.78 1236.22 1153.43 1102.87
long 5630 x 5580 MTNL FUTURE 67.85 BULLISH 70.88 69.37 67.88 66.37 64.88
BSE metal index short 15400 x 15550 ONGC FUTURE 1248.25 BEARISH 1305.68 1276.97 1251.48 1222.77 1197.28
long 15550 x 15400 ORIENTBANK FUTURE 397.80 BULLISH 432.33 415.07 385.73 368.47 339.13
BSE oil & gas INDEX short 10080 x 10180 PUNJLLOYD FUTURE 127.40 BEARISH 139.20 133.30 130.05 124.15 120.90
long 10180 x 10080 PFC FUTURE 319.65 BEARISH 328.15 323.90 319.45 315.20 310.75
BSE PSU index short 9540 x 9590 PATNI FUTURE 472.95 BEARISH 540.62 506.78 489.17 455.33 437.72
long 9590 x 9540 RANBAXY FUTURE 453.05 BULLISH 466.15 459.60 451.85 445.30 437.55
BSE realty index short 3390 x 3525 RELINFRA FUTURE 1115.25 BEARISH 1182.75 1149.00 1130.25 1096.50 1077.75
long 3460 x 3525 RELCAPITAL FUTURE 782.40 BEARISH 815.23 798.82 786.98 770.57 758.73
RELMEDIA FUTURE 212.05 BEARISH 224.42 218.23 213.32 207.13 202.22
comodities RELIANCE FUTURE 1018.10 BEARISH 1089.83 1053.97 1032.98 997.12 976.13
ROLTA FUTURE 170.50 BEARISH 182.70 176.60 173.35 167.25 164.00
all rates in US dollars RPOWER FUTURE 165.15 BEARISH 177.32 171.23 167.92 161.83 158.52
commodity weekly levels 2nd / 6th aug 2010 unit RNRL FUTURE 41.90 BEARISH 45.50 43.70 42.70 40.90 39.90
type go entry targets stoploss SBIN FUTURE 2494.80 BULLISH 2576.10 2535.45 2470.35 2429.70 2364.60
gold short 1160 1150/42/34/26 1165 troy ounce TATAMOTORS FUTURE 836.35 BULLISH 874.95 855.65 836.50 817.20 798.05
long 1165 1172/84/96/1208 1160 TATAPOWER FUTURE 1308.00 BEARISH 1363.20 1335.60 1319.30 1291.70 1275.40
silver short 17.42 17.33/17.16/16.99/16.82 17.5 troy ounce TCS FUTURE 843.80 BULLISH 866.93 855.37 846.93 835.37 826.93
long 17.5 17.64/17.86/18.08/18.3 17.42 TATASTEEL FUTURE 537.90 BULLISH 553.73 545.82 537.03 529.12 520.33
crude short 79.58 79.15/78.5/77.85/77.25/76.6/75.95/75.3 79.81 barrel
TITAN FUTURE 2812.60 BULLISH 2946.87 2879.73 2810.87 2743.73 2674.87
long 79.81 80.72/81.86/83 79.58 TATACOM FUTURE 272.10 BEARISH 296.17 284.13 276.67 264.63 257.17
copper short 3.27 3.18/3.09/3.0 3.33 pound
UNITECH FUTURE 81.65 BEARISH 87.08 84.37 82.88 80.17 78.68
long 3.33 3.38/3.43/3.48/3.53 3.27
natural gas short 4.79 4.76/4.6/4.43 4.86 mmbtu WIPRO FUTURE 413.90 BULLISH 425.30 419.60 414.80 409.10 404.30
long 4.93 4.95/5.1/5.25 4.86 ZEEL FUTURE 297.40 BEARISH 308.07 302.73 298.67 293.33 289.27
sugar short 570 567/56/46/35 577 tonne PLEASE UNDERSTAND BEFORE YOU TRADE
long 577 582/95/607/20 570 TRADING GUIDELINES (or how to trade using this sheet):
World indices 1. This model is based on the premise that the TREND LEVEL is the most important price level that decides
the intraday trend. Much like how the door or a window hangs by a hinge and sways in the wind, the intraday
world indices weekly levels 2nd / 6th aug 2010 trend also hangs by this TREND LEVEL and swings because of the demand-supply, volatility and market
index go entry targets stoploss sentiments prevailing in the market. Hence its importance in intraday trading.
dow jones index short 10430 10330/230/130/030 10525
long 10525 10660/790 10430 2. Opening Price is considered around close of previous day. Avoid BUYING if Prices open abnormally High
nasdaq composit short 2260 2240/20/2200/2180/60/40 2280 and Avoid SELLING if prices open too low.
long 2280 2300/320/340/360/380/400 2260 3. If the market price is stable above the TREND LEVEL, then GO LONG. and book profit near the
s&p 500 short 1098 1080/62/44 1106 resistant level (res1 and res2)
long 1114 1130/45/59/74 1106 4. If the market price is stable below the TREND LEVEL, then GO SHORT. and book profit near the
FTSE short 5315 5270/225/180/135/5090/45/5000 5360 support level (sup1 and sup2)
long 5360 5405/450/495/540 5315 5. STOP LOSS: Since you are aware of the ‘potential returns’ at the time of initiating an intraday trade
nikkei 225 short 9690 9550/410/270/130 9830 (difference between the entry price and profit targets), you should set up an appropriate STOP LOSS
long 9830 9970/10110/250 9690 around 1% above below of the trade price to protect yourself if the market turns and goes against you.
australia ordinary short 4500 4435/4370/4305 4530 6. ALTERNATE STRATEGY: If you have already initiated a trade with clear-cut profit targets and a stop loss
long 4530 4555/4580/4605/4630 4500 level, and find during the course of the trading day that the market turns and goes the other way and crosses the
hang seng short 21240 21115/20890/665/440 21340
long 21340 21410/580/750 21240 TREND LEVEL, then trade again: .For instance, if your first trade was a LONG trade and the market price drops
shanghai composit short 2645 2600/2555/510 2670 through the TREND LEVEL to lower price levels, then GO SHORT.. And, if your first trade was a SHORT trade,
long 2690 2735/80/2825 2670 and the market price rises through the TREND LEVEL to higher price levels, then GO LONG.
 14
NIFTY CLOSED –VE: SHORT
COVERING AT START OF WEEK
Some huge selling 8.5% for the year
pressure and ending March 2011.
correction was there in Realty stocks have
previous week. As we declined sharply in
see movement and afternoon trade.
stochastic, some short I n f o r m a t i o n
covering will come in technology, power,
stargin of week up to automobile and capital
5400/5465. So, if a goods stocks are
trader wants to do among the other
short sell, than just prominent losers.
wait and watch up to Select consumer
weekend. The Sensex durables, bank,
is down 65 points or healthcare and metal
0.37% at 17,927 and the stocks are finding
Nifty is down with a modest support. Oil,
loss of 24.40 points or FMCG and PSU stocks
0.45% at 5384.50 at are exhibiting a mixed
weekend. Though trend. Bharti Airtel has
corporate results have lost 3.4% at Rs 306.
been fairly good, Hero Honda is down
investors appear nearly 3% at Rs 1815.
highly reluctant to Tata Motors has lost
build up positions due almost 2% at Rs 849.
to concerns about the DLF, ICICI Bank,
Hindustan
Unilever,
Reliance
Infrastructure,
Sterlite
Industries
a n d
Infosys
Technologies
have lost
1% - 1.5%.
T a t a
Consultancy
Services,
Wipro,
Reliance
global economy. The Communications,
recent hike in bank BHEL, ACC and Tata
rates has raised fears Power are also trading
about a possible pause weak. ABB is down
in growth, although nearly 4% at Rs 814.35.
the Apex bank has Siemens, GAIL India,
forecast a growth of Reliance Power, IDFC,
01-08-2010 to 07-08-2010
Ambuja Cements, Aditya Birla Nuvo Ltd will be some short 818 and resistants like
Unitech and Axis Bank has posted a net profit covering and will give 851/863/876.
are also down with of Rs 648.20 million for aain chance to sell on TATASTEEL:-
notable losses. HCL the quarter ended h i g h e r
Technologies rules June 30, 2010 where as levels.
firm with a gain of over the same was at net There are
3%. Ranbaxy loss of Rs (22.10) s o m e
Laboratories is up 2.6% million for the quarter s t r o n g
at Rs 543.50. Mahindra ended June 30, 2009. supports
& Mahindra, State Bank Total income is Rs like 5302/
of India, Tata Steel, 13258.20 million for 5249/5191
a n d
resistants
like 5467/
5512/5587.
Sell on
h i g h e r
levels i.e.
a b o v e
5400. Looks bullish for
TATAMOTORS:- next week, around 560/
Overall positive 575. Short term
trend as pre price investor can buy above
HDFBA, Hindalco, the quarter ended
Punjab National Bank, June 30, 2010 where as
Idea Cellular, Kotak the same was at Rs
Bank, Reliance Capital, 10130.10 million for
Suzlon Energy and the quarter ended
Power Grid June 30, 2009. The stock
Corporation are also is up 1% at Rs 783.
movement. Stochastic 540 for next week for
become zig zag and medium gain. There
MACD become in are some strong
overbought. But still supports like 531/522/
traded above averages 508 and resistants like
trading firm. Reliance NIFTY SPOT:- and supports. There 541/555/569. This scrip
Industries, HDFC and Do not short sell on are some strong is better option for
ITC are up marginally. starting of week. There supports like 841/832/ Continue on ........4
A MULTY ANALYST WEEKLY ON LINE
01-08-2010 to 07-08-2010
Some Important definitions
Appreciation A currency is said to appre-
Technical Analysis ciate when price rises in re-
for Traders sponse to market demand;
www.stockacademy.co.in an increase in the value of
Mo. No. 09820920530 an asset.
Arbitrage Taking advantage of
Sanjay Lad, (Mumbai) countervailing prices in dif-
ferent markets by the purchase or sale of an instrument and
simultaneous taking of an equal and opposite position in a re-
lated market to profit from small price differentials.
Ask, Offer The price, or rate, that a willing seller is prepared to sell at.
Balance of A record of a nations claims of transactions with the rest of
Payments the world over a particular time period. These include merchan-
dise, services and capital flows.
Base Currency The currency in which an investor or issuer maintains its book of
accounts; the currency that other currencies are quoted against.
In the forex market, the US Dollar is normally considered the
‘base‘ currency for quotes, meaning that quotes are expressed
as a unit of $1 USD per the other currency quoted in the pair.
Basis Point One hundredth of a percent.
Bear An investor who believes that prices/the market will decline.
Bear Market A market distinguished by a prolonged period of declining prices
accompanied with widespread pessimism
BID The price that a buyer is prepared to purchase at; the price
offered for a currency.
Broker An individual, or firm, that acts as an intermediary, putting to-
gether buyers and sellers usually for a fee or commission. In con-
trast, a ‘dealer‘ commits capital and takes one side of a position,
hoping to earn a spread (profit) by closing out the position in a
subsequent trade with another party.
Bull An investor who believes that prices/the market will rise.
Bull Market A market distinguished by a prolonged period of rising prices.
(Opposite of bear market)
Capital Markets for medium to long term investment (usually over
Markets 1 year). These tradable instruments are more international than
the ?money market? (i.e. Government Bonds and Eurobonds).
Central Bank A government or quasi-governmental organization that man-
ages a country’s monetary policy a prints a nations currency. For
example, the US central bank is the Federal Reserve, others in-
clude the ECB, BOE, BOJ.
Chartist An individual who uses charts and graphs and interprets histori-
cal data to find trends and predict future movements. Also re-
ferred to as Technical Trader.
Clearing The process of settling a trade.
Closed Exposures in Foreign Currencies that no longer exist. The
Position process to close a position is to sell or buy a certain amount of
currency to offset an equal amount of the open position. This will
‘square’ the position.
Commission A transaction fee charged by a broker.
Confirmation A document exchanged by counterparts to a transaction that
confirms the terms of said transaction.
Contract The standard unit of trading
Counter Party The participant, either a bank or customer, with whom the fi-
nancial transaction is made.
Cross Rate An exchange rate between two currencies. The cross rate is said
to be non-standard in the country where the currency pair is
quoted. For example, in the US, a GBP/CHF quote would be con-
sidered a cross rate, whereas in the UK or Switzerland it would
be one of the primary currency pairs traded.
Currency Any form of money issued by a government or central bank and
used as legal tender and a basis for trade.
Currency Pair The two currencies that make up a foreign exchange rate. For
Example, EUR/USD
Currency Risk The risk of incurring losses resulting from an adverse change in
exchange rates.
Day Trading Opening and closing the same position or positions within the
same trading session.
Dealer An individual or firm that acts as a principal or counterpart to a
transaction. Principals take one side of a position, hoping to earn
a spread (profit) by closing out the position in a subsequent trade
with another party. In contrast, a broker is an individual or firm
that acts as an intermediary, putting together buyers and sellers
for a fee or commission.
Depreciation A decline in the value of a currency due to market forces.
GET SUCCESS IN STOCKMARKET, VISIT OUR WEB
15
Derivative A contract that changes in value in relation to the price move-
ments of a related or underlying security, future or other physical
instrument. An Option is the most common derivative instru-
ment.
Devaluation The deliberate downward adjustment of a currency’s price, nor-
mally by official announcement.
End Of Day Traders account for their positions in two ways: accrual or mark-
(Mark-to-Market) to-market. An accrual system accounts only for cash
flows when they occur, hence, it only shows a profit or loss when
realized. The mark-to-market method values the trader‘s book
at the end of each working day using the closing market rates or
revaluation rates. Any profit or loss is booked and the trader will
start the next day with a net position.
Euro The currency of the European Monetary Union (EMU) which re-
placed the European Currency Unit (ECU).
Execution Date The date on which a trade occurs.
Fixed ExchangeAn official exchange rate set by monetary authorities for one or
Rate more currencies. In practice, even fixed exchange rates fluctu
(Representative Rate)ate between definite upper and lower bands, leading to
intervention.
Flat To be neither long nor short is the same as to be flat or square.
(Square, Balanced) One would have a flat book if he has no positions or if all the
positions cancel each other out.
Forex - Foreign Exchange
The simultaneous buying of one currency and selling of another
in an over-the-counter market. Most major FX is quoted against
the US Dollar.
Fundamental Analysis Analysis of economic and political information with the
objective of determining future movements in a financial market.
Futures Contract An obligation to exchange a good or instrument at a set price
on a future date. The primary difference between a Future and a
Forward is that Futures are typically traded over an exchange
(Exchange- Traded Contacts - ETC), versus forwards, which are
considered Over The Counter (OTC) contracts. An OTC is any con-
tract NOT traded on an exchange.
G5 The five leading industrial countries, being US, Germany, Japan,
France, UK.
G7 The seven leading industrial countries, being US, Germany, Ja-
pan, France, UK, Canada, Italy
GDP - Gross Domestic Product Total value of a country's output, income or
expenditure produced within the country's physical borders.
GNP - Gross National Product GNP - Gross National Product - Gross domestic
product plus income earned from investment or work abroad.
GTC - Good-Till-Cancelled An order left with a Dealer to buy or sell at a fixed
price. The GTC will remain in place until executed or cancelled.
Hedge A position or combination of positions that reduces the risk of
your primary position
High/Low Usually the highest traded price and the lowest traded price for
the underlying instrument for the current trading day.
IMF - International Monetary Fund The IMF is an international organization of
184 member countries. It was established to promote interna-
tional monetary cooperation, exchange stability, and orderly
exchange arrangements; to foster economic growth and high
levels of employment; and to provide temporary financial assis-
tance to countries to help ease balance of payments adjustment.
Inflation An economic condition where there is an increase in the price of
consumer goods, thereby eroding purchasing power.
Initial Margin The initial deposit of collateral required to enter into a position
as a guarantee on future performance.
Leading Indicators Economic variables that are considered to predict future
economic activity (i.e. Unemployment, Consumer Price Index,
Producer Price Index, Retail Sales, Personal Income, Prime Rate,
Discount Rate, and Federal Funds Rate).
Leverage Also called margin. The ratio of the amount used in a transaction
to the required security deposit.
Limit Order An order with restrictions on the maximum price to be paid or
the minimum price to be received. As an example, if the current
price of USD/YEN is 117.00/05, then a limit order to buy USD
would be at a price below 117. (ie 116.50)
Liquidation The closing of an existing position through the execution of an
offsetting transaction
Liquidity The ability of a market to accept large transaction with minimal
to no impact on price stability.
Long A position to purchase more of an instrument than is sold, hence,
an appreciation in value if market prices increase.
Long Position A position that appreciates in value if market prices increase.
When the base currency in the pair is bought, the position is said
Continue on ........16
 16 01-08-2010 to 07-08-2010
Tech Ana. Cont. from Pg. 15 CAPACITY ADDITION
New Delhi, Sravana 6, Ltd., Rosa TPS, Ph-I, U-2 ing the month of June,
to be long. 1932 (300 MW) of Rosa Power 2010 after commissioning
Lot A unit to measure the amount of the deal. The value of the deal July 28, 2010 Co. Ltd., Barsingsar TPP, of Sewa-II H.E. Project, U-
always corresponds to an integer number of lots. Thermal capacity of U-1 (125 MW) of NLC, 1 (40 MW) of NHPC Ltd.
Margin The required equity that an investor must deposit to collateral- 975 MW has been added Raichur TPS Extn., U-8 In the transmission sec-
ize a position. during the month of June, (250 MW) of KPCL and tor,295CKMof220kVAClines,
Market Maker dealer who regularly quotes both bid and ask prices and is ready 2010. The projects com- Konaseema CCPP ST (165 434 CKM of 400 kV AC lines,
to make a two-sided market for any financial instrument. missioned during the MW) of Konaseema Gas 253 CKM of +/- 500 kV HVDC
Market Order An order to buy/sell at the best price available when the order month are Wardha Power Ltd. lines and 63 CKM of 765 kV
reaches the market. Warora TPP, U-I (135 MW) Hydro capacity of 40 AC lines have been laid dur-
Open order An order that will be executed when a market moves to its desig- of M/s Wardha Power Co. MW has been added dur- ing the month of June, 2010
nated price. Normally associated with Good 'til Cancelled Or-
ders.
Open Position An active trade with corresponding unrealized P&L, which has
Release of “Guidelines for Selection of
Options
not been offset by an equal and opposite deal.
An agreement that allows the holder to have the option to buy/
New Grid Connected Solar Projects”
sell a specific security at a certain price within a certain time. Speech of Shri Sushilkumar Shinde
Two types of options - call and put. A call is the right to buy while Hon’ble Union Minister for Power
a put is the right to sell. One can write or buy call and put options. Hotel Ashok, New Delhi ate the implementation of MNRE, the guidelines for
Order An order is an instruction, from a client to a broker to trade. An 25th July, 2010 Jawaharlal Nehru National which were issued by MNRE
order can be placed at a specific price or at the market price. My distinguished col- Solar Mission, my Minis- some time back during Feb-
Also, it can be good until filled or until close of business. league Minister of New and try and the Ministry of New ruary, 2010.
Overnight Position A trade that remains open until the next business day. Renewable Energy, Senior and Renewable Energy In line with the UPA
Points, Pips The term used in currency market to represent the smallest in- Officers from the Central have been closely working Government's mandate of
cremental move an exchange rate can make. Depending on con- and the State Governments, together to finalise the 'Power for All by 2012', my
text, normally one basis point (0.0001 in the case of EUR/USD, Esteemed delegates, Ladies "Guidelines for Selection of Ministry has taken up a
GBD/USD, USD/CHF and .01 in the case of USD/JPY). and Gentlemen, New Grid Connected Solar challenging capacity addi-
Position A position is a trading view expressed by buying or selling. It can We are here to witness Projects" under Phase-1, tion target for 11th Plan.
refer to the amount of a currency either owned or owed by an a key milestone in the which has a target of 1000 Though coal will continue
investor. implementation of the ob- MW of solar power con- to be the mainstay of power
Premium In the currency markets, it is the amount of points added to the jectives of the Jawaharlal nected to the grid, by the generation in the country
spot price to determine a forward or futures price. Nehru National Solar Mis- year 2013. in the near term, we are
Profit/Loss (P&L) The actual "realized" gain or loss resulting from trad- sion, one of the eight Mis- We received a number looking for a sizeable share
ing activities on Closed Positions, plus the theoretical "unreal- sions under the National of suggestions from Solar of renewable sources in the
ized" gain or loss on Open Positions that have been Mark-to- Action Plan on Climate Power Developers and oth- future in our energy mix.
Change (NAPCC), launched ers over the past few As the mission has set
Market. by Hon'ble Prime Minister months. These suggestions a target of 20,000 MW of
Quote An indicative market price; shows the highest bid and/or lowest in June 2008. The have been carefully solar power by 2020, the
ask price available on a security at any given time. Jawaharlal National Solar analysed and considered indigenous manufacturing
Rally A recovery in price after a period of decline. Mission aims to tap the by both the Ministries be- capacity for solar power
Range The difference between the highest and lowest price of a future vast resource of clean en- fore finalising the guide- equipment is going to be vi-
recorded during a given trading session. ergy that the Sun provides lines. After considerable tal. The mission also aims
Resistance A term used in technical analysis indicating a specific price level to India. You are all aware deliberations the guide- to enhance the indigenous
at which a currency will have the inability to cross above. Recur- that we have one of the lines have been finalised in manufacturing base which
ring failure for the price to move above that point produces a highest insolation in the true spirit for the success will cater to the increasing
pattern that can usually be shaped by a straight line. world. Today we will move of the National Solar Mis- domestic needs and the
Risk Management To hedge one's risk they will employ financial analysis a step closer towards our sion. growing export markets.
and trading techniques. endeavour to promote eco- The NTPC Vidyut We are also aware that
Roll-Over Process whereby the settlement of a deal is rolled forward to logically sustainable Vyapar Nigam Limited with the greater thrust on
another value date. The cost of this process is based on the inter- growth which is an impera- (NVVN), a wholly owned development and deploy-
est rate differential of the two currencies. tive in today's world. To subsidiary of NTPC, is the ment of renewable energy
Settlement The process by which a trade is entered into the books and records make solar power more af- nodal agency for entering sources, we will face addi-
fordable in the first phase into PPA with Solar Power tional challenges on the
of the counterparts to a transaction. The settlement of currency of the programme, we Developers. It shall shortly grid management front due
trades may or may not involve the actual physical exchange of agreed to blend it with an be inviting project develop- to the infirm nature of
one currency for another equal amount of Thermal ers to participate in the power from renewable re-
Short To go `short` is to have sold an instrument without actually own- Power. Request for Selection (RFS) sources. To address these
ing it, and to hold a short position with expectations that the The Jawaharlal Nehru for development of Solar issues and to enhance effi-
price will decline so it can be bought back in the future at a profit. National Solar Mission Projects under this scheme. ciency and reliability of the
Short Position An investment position that benefits from a decline in market provides a blueprint for the The release of the guide- grid, we have initiated the
price. When the base currency in the pair is sold, the position is Solar Power Development lines today commences the development of the "Smart
said to be short. in India. The key objective process of selecting the de- Grid" and my Ministry has
Spot A transaction that occurs immediately, but the funds will usually of the mission is to estab- velopers who will help our recently launched the
change hands within two days after deal is struck. lish India as a global country in developing so- "Smart Grid Forum of In-
Spot Price The current market price. Settlement of spot transactions usu- leader in solar energy. We lar power at a fast pace. dia". I firmly believe that a
ally occurs within two business days. need to put in concerted ef- I am confident that the well defined roadmap as
Spread The difference between the bid and offer (ask) prices; used to forts so that the targets of solar developers will take spelt out in the Jawaharlal
measure market liquidity. Narrower spreads usually signify high the mission are achieved maximum advantage of Nehru National Solar Mis-
as per the timelines. To this this opportunity by partici- sion will help us achieve
liquidity. end, an enabling frame- pating in the development the expeditious develop-
Stop Loss Order An order to buy/sell at an agreed price. One could also have a work addressing the issues of solar power projects ment of Solar Power in the
pre-arranged stop order, whereby an open position is automati- related to Solar Power De- under this Mission. We country. This will not only
cally liquidated when a specified price is reached or passed. velopment has been put in would like to see India as a help in tapping an abun-
Support Levels A technique used in technical analysis that indicates a specific place. This enabling frame- global leader in solar dant and clean source of
price ceiling and floor at which a given exchange rate will auto- work will provide the nec- power. energy but also provide a
matically correct itself. Opposite of resistance. essary impetus for expedi- I am given to under- new dimension to India's
Swap A currency swap is the simultaneous sale and purchase of the tious implementation of stand that NVVN has also energy security. I wish ev-
same amount of a given currency at a forward exchange rate. the provisions of finalised the list of Solar eryone associated with the
Technical Analysis An effort to forecast prices by analyzing market data, i.e. Jawaharlal Nehru National Power Developers who Jawaharlal Nehru National
historical price trends and averages, volumes, open interest, etc. Solar Mission. have participated under the Solar Mission the very best!
In our effort to acceler- Migration Scheme of the Thank you, Jai Hind!

IF NOT AVAILABLE IN MUMBAI CALL OUR DISTRIBUTOR : PHONE (022)30224757

01-08-2010 to 07-08-2010 17
NOW THERE IS TIME TO PLAY TO T 20 AGAIN IN NIFTY NOTH-
ING WILL HAPPEN NIFTY RANGE REMAIN 5180-5400
DEAR FRIENDS OF ARE NOT THAT 1140 NOW HOW LONG LOOSING STEAM LAST WEEK WE SAID TO AIRTEL AND CUMMINS
THE ECONOMIC ENCOURAGING THIS RANGE WILL AGAIN NOW WHAT TO GO SHORT ON NIFTY CHECK THOSE RATES
REVOLUTION, MARUTI IS FACING REMAIN THAT ONLY DO BUT I SAID I ASKED AND LT AND WE ASKED YOU WILL COME TO
NIFTY NAMASKAR, ROYALTY ISSUE AND TIME WILL TELL WHAT I YOU TO BUY PSU YOU TO BUY BHARTI KNOW.
FRIENDS WE HAD HERO HONDA IS HAVE TO ASK YOU ALL BANKS WHY YOU
DISSCUSED EARLIAR TALKING ABOUT City Discovery Targets
THAT THERE WILL BE NO SMALLY INVENTORY
FUN DURING JULY END PROBLEM OTHER SIDE Indian Tourists
New Delhi, India, July 30th 2010. The rise of the
AND OUR RANGE WILL ACC AND ONGC ALSO Indian middle class brings a new exciting challenge
REMAIN 5180-5400 NOT THAT MUCH for City Discovery, a leading e-travel company special-
AND CONSOLIDATION ENCORAGING YES izing in sightseeing tours. More of India’s new middle
WILL CONTINUE THERE IS HAPPY classes are traveling outside their country, notably to
FRIENDS THE WAY WE SURPRISE IN IT popular destinations like Singapore, Dubai, USA and
Europe.
ARE LOOKING AT SECTOR BUT LT OR The price-savvy Indian market has also adapted to
today’s new way of traveling. Where the previous mode
of travel is to book all-in-one packaged tours, they
FRIENDS WE HAD DISSCUSE THAT SHOULD WE GET BOUGHT TATA STELL now prefer to compare prices and book flight tickets,
EARLIER BUY SELECTED PSU OUT OF THE MARKET BUT SIR WE DON'T SAW hotel accommodations and sightseeing tours sepa-
BANK STOCKS JUST CHECK SO MANY TIMES I HAVE ANY DECLINE IN PSU rately.
WHERE ALL THE STOCKS ARE City Discovery expects the trend to continue and is
HEARD THAT BUY ON BANK STOCKS WHERE concentrating on expanding the range and coverage of
TRADING LIKE OBC BANK DIPS STAY FOCUS AND WE WILL BUY NOW their day trips and half-day sightseeing products.
ALLAHBAD BANK SYNDICATED BUY ON DIPS BUT ONE THIS IS WHAT REALLY While online bookings are still not the norm in India,
BANK. OF READERS CALLED HAPPENS IN STOCK City Discovery foresees growth especially as the
AND SAID WE MARKET YOU HAVE TO country’s middle class continues to gain more eco-
nomic spending power. “The growth of e-commerce,
MARKET IT WILL RELIANCE HAS NOT THOUGHT TATA STEEL BE STOCKS SPECIFIC increasing access to credit cards and the emergence
REMAIN IN GIVEN SUCH KIND OF CORRECTED FROM 680 AND THERE IS ONLY of a large middle class eager to travel are essential
C O N S O L I D AT I O N RESULT THAT WE HAVE I CAN BUY ATLEAST AT ONE WAY YOU CAN factors in the development strategy of City Discovery
MODE MARKET ITSELD TO RERATE MARKET 540 BUT IT WENT UPTO BEAT and World Airport Transfer,” says Emmanuel Issaurat
DON'T KNOW WHERE AND NIFTY WILL 480 NOW AGAIN NIFTY THIS MARKET IS CEOThe and co-founder of the company.
company also strongly believes that in the fu-
TO GO ONE WE ARE TOUCH FROM 5400 TO CAME BACK UPTO 5450 M O N E Y ture, majority of Indian tourists will book online. Tour-
TALKING ABOUT FII 5700 WE KNOW THAT AND TATA STEEL CAME MANAGEMENT THERE ists will choose to travel with smaller groups and book
FLOWS BUT OTHERE RELIANCE RANGE IS TO 540 NOW AGAIN IS NO OTHER WAY JUST one or two short originals tours instead of buying a
QUARTERLY RESULTS VERY CLEAR 960-1120 LOOKS LIKE MARKET IS FOLLOW OUR LEVELS pre-set package.
City Discovery’s sister website, World
Airport Transfer adapts a similar ap-
TRADING LEVEL -31-July-2010 proach. Covering over 400 airports all over
the world, it allows consumers to pre-book
Sr_ Scrip Close Trade Price Tgt 1 Tgt 2 Tgt 3 Stop airport ground transportation without be-
ing tied to a particular tour or flight pur-
No Name Price Type Range Loss chase.
In India, City Discovery is looking to
1 NIFTY 5367 BUY 5340-5360 5380 5400 5420 5310 penetrate the market through online book-
2 NIFTY 5367 SELL 5430-5450 5410 5380 5350 5460 ings and by working closely with its Travel
Agent and Tour Operator partners in the
4 ABB 8 11 SELL 810-820 800 795 780 834 country. Its Affiliation and White Label pro-
5 ACC 831 BUY 828-834 840 848 860 818 gram lets any agency, big or small, pro-
pose more than 5,000 sightseeing tours
6 ANDHRA BANK 1 4 3 BUY 141-143 145 147 151 137 and activities all over the world. The pro-
7 AURO PHARMA 9 6 9 BUY 950-960 970 980 992 935 gram also scales and can be customized
to a specific partners’ market or destina-
8 BHARAT FORGE 3 2 6 BUY 317-320 324 327 331 314 tion coverage.
The main goal and strategy is to ulti-
9 BHEL 2437 BUY 2410-2430 2460 2480 2510 2385 mately maximize the booking options for
10 DABUR 197 BUY 194-196 198 201 205 191 travelers, but still guarantee quality and
offer more diversity than traditional offline
11 DR REDDY 1354 BUY 1330-1348 1361 1374 1388 1318 booking methods. By booking individual
12 GAIL 438 BUY 428-432 436 440 445 425 sightseeing short tours, customers have the
freedom to decide where they want to go
13 G E SHIPPING 288 BUY 285-287 291 293 295 281 and not just follow a pre-set tour program.
In Paris, for example, they can choose
14 HCL TECH 395 BUY 389-393 398 401 405 384 a two-night stay at a French castle, to ex-
15 HDFC 2980 BUY 2950-2970 3010 3040 3100 2918 plore Paris’ secret places in traditional
French car, take a cruise on the Seine, or a
16 INFOSYS 2788 BUY 2740-2760 2785 2810 2840 2710 romantic dinner at the Eiffel Tower fol-
17 KOTAK BANK 771 BUY 760-766 774 781 790 748 lowed by the Moulin Rouge show.
“Our customers value unique experi-
18 PNB 1070 BUY 1055-1065 1080 1090 11 0 0 1042 ences. They like to discover something new
and original. Our main challenge is to pro-
19 SYNDICATE BANK1 0 6 BUY 103-105 107 109 111 99 vide them with as many options as pos-
20 TATA STEEL 537 BUY 527-531 535 539 555 519 sible,” says Wladimir Guez, Vice President
and Co-founder of City-Discovery.

WE WEL COME ADVERTISE FOR THIS PLACE

 18 01-08-2010 to 07-08-2010

THIS IS THE INVESTMENT OPPORTUNITY, MUST APPLY.

tive FMCG market. market share.
capital in Parwanoo and

I P O
BAJAJ CORP LIMITED market Dehradun. Company POSITIVE Bajaj Corp manufac-
Incorporated in 2006, on Aug also expect to open a o Market leader in tures and markets five
Bajaj Corp Ltd is one of 02, 2010 third company-operated light hair oil segment major brands. The flag-
India’s leading FMCG w i t h facility at Paonta Sahib. with 50% market share. ship brand, Bajaj Almond
company with major public is- By completing this 3,500 o Strong brand equity Drops, is the market
brands in Hair care cat- sue of 4,500,000 equity price band Rs. 630 - Rs. square meter facility in - known for reliability, leader in the light hair oil
egory., is entering the shares of Rs 5 in the 660 Per Equity Share Paonta Sahib, Bajaj ex- quality and competitive segment with 50% mar-
through book pect their production ca- price. ket share. Other product
BAJAJ CORP LIMITED building process.
. All details is as
pacity for light hair oil to
increase from 39 million
o Established distribu-
tion net work.
includes Bajaj Brahmi
Amla, Bajaj Amla
Issue Open: Aug 02, 2010 to Aug 05, 2010 follow... Shikakai and Bajaj Jas-
Issue Type: 100% Book Built Issue liters per annum to 74 o Experienced, effi-
PROMOTORS million liters per annum. cient and professional mine Hair Oil and oral
(Initial Public Offer IPO) PROFILE In addition, they also en- care products under the
Issue Size : 4,500,000 Equity Shares management.
C OMPANY ' S gage third-party manu- o IPO grade - 4 by brand name Bajaj Kala
Rs. 283.50 - 297.00 Crore C O R P O R AT E facturers at Parwanoo, Dant Manjan.
Face value of the shar: Rs.05 CRISIL.
PROMOTER: Himachal Pradesh for BUSINESS: FINANCIALS:
Offer price : Rs. 630 - Rs. 660 Per Equity Share 1. Bajaj hair oils and Udaipur, In 9MFY10, the
Minimum Shares : 10 Bajaj Corp primarily
Consumer Care Rajasthan to produce our operates in only one busi- company's net revenues
Manimum Subscription : Rs. 6600 Limited oral care products. These ness line - hair oils. Oral were Rs 2.08.cr and
Miximum Shares : 150 C OMPANY ' S third-party facilities have care forms a very small PAT margin was at
Maximum Subscription : Rs.99,000 INDIVIDUAL PRO- a combined installed ca- part of the overall busi- 27.2%.
Promotors : President of India MOTERS: pacity of 9 million liters ness. The oldest brand is VALUATION:
Registered Office : Bajaj Corp Limited 1.Mr. Shishir per annum. As of Decem- Bajaj Brahmi Amla, in ex- The EPS for the FY10
2nd Floor, Bld No. 2, Solitaire Bajaj; ber 31, 2009, the com- istence since 1953. The is Rs 33.57. At the higher
Corporate Park, 2 M r s . bined production capac- other brands include end of the price band, the
167, Guru Hargovind Marg, ity for all company and Bajaj Amla Shikakai, Bajaj P/E is around 20 times.
Minakshi Bajaj; third-party operated pro-
Chakala, Andheri (E), Mumbai – 3 . M r . Jasmine Hair Oil and Compares favorably with
400 093 duction facilities was 83 Bajaj Kala Dant Manjan. other established FMCG
Kushagra Bajaj; million liters per annum. players like Colgate (30
Phone: + (91 22) 66919477 / 78 and Bajaj Corp is the third
Fax: + (91 22) 66919476 NEGATIVE FOR largest producer of hair PE), Dabur India (38 PE)
4 . M r . INVESTMENT and Hindustan Unilever
Email: complianceofficer@bajajcorp.com Apoorv Bajaj. oils and the largest pro-
Website: http://www.bajajcorp.com o The company de- ducer of light hair oils. (27 PE). A sure winner
COMPANY’S pends heavily on 'Almond from the Bajaj stable.
Registrar INTRO-
Karvy Computershare Private Limited Drops'. Almond Drops Bajaj Corp derives There is every thing in the
DUCTION hair oil contributed majority of its revenues company that an inves-
Karvy House, 46, Avenue 4, Street No. 1, Incorporated
Banjara Hills, Hyderabad - 500 034 92.0% and 92.7% of the from a single product, tor looking for. Grab it.
in 2006, Bajaj total sales and gross Bajaj Almond Drops. It is IPO investment opportu-
Andhra Pradesh, India Corp Ltd is one nity of the year. INVEST
profit, respectively, for value-added light hair oil
Phone: +91-40-23312454 of India’s lead- the nine month period RECOMMEN-
Fax: +91-40-2331196 and commands a pre-
ing FMCG com- ended Dec -09. mium. Bajaj Almond DATIONS:
Email: bajajcorp.ipo@karvy.com pany with major o The company oper- Drops is the market This is the invest-
Website: http://karisma.karvy.com brands in Hair ates in a highly competi- leader in the light hair oil ment opportunity, must
care category. segment with a 50% apply.
Lead Managers: Bajaj Corp Ltd is
1. Kotak Mahindra Capital Company Limited part of Shishir
Cheque Drawn In Favour Of Prakash Steelage Limited Cont. from Pg. 19
Bajaj Group of
"Escrow Account - Bajaj Corp Public Issue - R" For Retail companies (the (Gujarat) with total in- come on behalf of him- TIONS
Bidders "Bajaj Group"). stalled production capac- self and his related indi- Based on the capac-
Listing : BSE, NSE Through its sub- ity of 12200 MTPA. viduals/group companies/ ity expansion from12,
sidiaries, the The company is also concerns, which included 200 tonnes to 19,000
Bajaj Group operates a government recognized the Company. Under tonnes, the company is
OBJECTS OF THE ISSUE: businesses in the con-
sumer goods, sugar,
export house, exporting
to more than 40 coun-
which, tax paid on the un
declared income was Rs.
likely to achieve a CAGR
around 30% for FY 11.
The objects of the issue are: power generation and in- tries. The company ca- 2,70,96,896/- The company specializes
1. Promote future products; frastructure development ters to diverse set of in- " The company in meeting specific re-
2. Acquisitions and other strategic initiatives; and industries throughout In- dustries, including oil and experienced a negative quirements of customers
dia. gas, power, pharmaceu- Operating Cash Flow and offers complete so-
3. General Corporate Purposes.
ticals, petrochemicals, from activities in the Fi- lution for stainless steel
Bajaj Corp sells the automobiles, sugar and nancial Year 2008-09, welded & seamless pipes
IPO GRADING / RATING Bajaj Almond Drops,
Amla Shikakai, Brahmi
dairy. 2007-08, 2006-07 and
2005-06.
and tubes, for which
CRISIL has assigned an IPO Grade 4 to Bajaj NEGATIVE FOR there is growing demand.
Amla and Jasmine Hair Oil INVESTMENT FINANCIALS: On the post issue
Corp Ltd IPO. This means as per CRISIL brands. Bajaj Almond The company
" Corporate gov- capital of Rs 17.50cr, the
company has 'Above Average Fundamen- Drops is the key product ernance -The income-tax achieved a turnover of Rs
tals'. CRISIL assigns IPO grading on a scale company is likely to post
of the company. It also authorities have carried 440 cr and net profit af- an EPS of Rs 15/. At Rs
of 5 to 1, with Grade 5 indicating strong fun- produces oral care prod- out search and seizure ter tax of Rs 17.50 cr for 100-110 the issue is at-
damentals and Grade 1 indicating poor fun- ucts under the brand operations in the pre- the year ended March 31, tractively priced. Com-
damentals. name Bajaj Black Tooth mises of the Company 2010. The figures for the pares favorably with
Powder. and during this operation FY 09 were Rs 322.47cr other established and
ISSUE ALLOCATION Mr. Prakash C. Kanugo and Rs 7.49cr respec- listed entities like Zenith
Bajaj manufac- has made certain volun- tively. Birla and Ratnamani Met-
Institutional HNI Retail Employee ture their products tary disclosures in rela-
2,700,000 450,000 1,350,000 0 VALUTION AND als and Tubes. APPLY
at two company- tion to undisclosed in-
operated facilities RECOMMENDA-

A MULTY ANALYST WEEKLY ON LINE

01-08-2010 to 07-08-2010 19
DR. FAROOQ ABDULLAH AND SHRI SUSHILKUMAR
APPLY FOR SHORT TERM SHINDE JOINTLY UNVEIL GUIDELINES FOR NEW SO-
LAR PROJECTS UNDER JAWAHARLAL NEHRU NA-
TIONAL SOLAR MISSION

I P O
PRAKASH t h e
STEELAGELIMITED price Dr. Farooq Abdullah, under the policy released chase solar power gener-
Incorporated in band of Union Minister for New today. ated by independent so-
1991, Prakash Steelage RsRs. and Renewable Energy The new and Renew- lar power producers, at
Limited (PSL) is an ISO 100 - and Shri SushilKumar able Energy Minister also rates fixed by the Central
9001: 2008 and PED cer- Rs. 110 Per through book Shinde , Union Minister acknowledged the effort Electricity Regulatory
building process.All de- for Power today jointly put in by both the Secre- Commission(CERC) and
tified Company, engaged manufacturing of seam- unveiled the guidelines
tails is as follow... taries and their team of for a period of 25 years.
in the manufacturing of less & welded stainless for selection of new so- officers, scientists and ex- For 2010 -11 the CERC
seamless & welded stain- COMPANY’S
INTRODUCTION steel Pipes, Tubes and U- lar power projects under perts involved in the pro- has fixed the rate of Rs.
less steel Pipes, Tubes the 1000 MW solar cess for operationalising 17.91 per Unit for PV and
and U-tubes) is entering Incorporated in 1991, tubes. Company carry power scheme in the first
their production through the Mission in record Rs 15.31 per unit for so-
the capital market on Prakash Steelage Limited phase of the Jawaharlal time. lar thermal power
Aug 05, 2010 with pub- (PSL) is an ISO 9001: two state-of- the-art pro- Nehru National Solar Speaking on the occa- projects. The rates will be
lic issue of 6,250,000 eq- 2008 and PED certified duction units situated at Mission. This would put sion, Shri Shinde said that applicable for Solar PV
uity shares of Rs 10 in Company, engaged in the Silvasa and Umbergaon India in league with the guidelines have been projects commissioned by
(Gujarat) with
countries like Germany, finalised after consider- March 2012 and Solar
total installed Spain and Japan who are
PRAKASH STEELAGE LIMITED production ca- leaders in harnessing so- able deliberations in true Thermal projects com-
Issue Open: Aug 05, 2010 to Jul 07, 2010 spirit for the success of missioned by March
pacity of 12200 lar power. the National Solar Mis- 2013. Government will
Issue Type: 100% Book Built Issue MTPA. Shri Bharatsinh sion. He said that the provide equivalent MW
(Initial Public Offer IPO) PSL is also a Solanki, Minister of State NTPC Vidyut Vyapar of power from the
Issue Size : 6,250,000 Equity Shares “Govt. Recog- for Power, also graced Nigam Limited (NVVN), a unallocated quota of
Rs. 62.50 - 68.75 Crore nized Star Ex- the function held in New wholly owned subsidiary NTPC for bundling with
Face value of the shar: Rs.10 port House” ex- Delhi to mark the devel- of NTPC, is the nodal solar power. NVVN will
Offer price : Rs, 100 - Rs. 110 Per Equity Share porting to sev- opment. Shri B.K agency for entering into select projects to set up
Minimum Shares : 60 eral MNC’s into Chaturvedi, Member, PPA with Solar Power De- about 1000MW capacity
Manimum Subscription : Rs. 6,600 more than 40 Planning Commission, velopers and will shortly of solar power plants
Miximum Shares : 900 countries across Shri. Deepak Gupta, Sec- be inviting project devel- based on solar thermal
Maximum Subscription : Rs.99,000 the Globe. To retary MNRE and Shri. opers to participate in and photovoltaic tech-
Promotors : 1. Mr. Prakash C. Kanugo, (56 years) is meet the in- P. Uma Shankar, Secre- the Request for Selection nologies. The utilities will
the Promoter, Chairman & Managing Di creasing de- tary Power were also (RFS) for development of be able to account for
rector of the Company. mand, they pro- present. Solar Projects under this purchase of solar power
pose a back- Speaking on the occa- scheme. against their RPO obliga-
2. Mr. Ashok M. Seth, (36 years) is the sion , Dr. Farooq Abdullah Shri Bharatsinh tions.
Promoter Director of the Company. ward integration
said that he is commit- Solanki said that to Government has also
Registered Office :Prakash Steelage Ltd cum expansion ted to adding 1100 MW
achieve the target of announced guidelines to
701, Mahalaxmi Chambers, of manufactur- of grid connected solar 20,000 MW of solar en- encourage domestic
Dr. Bhulabhai Desai Road, ing facilities at power by the end of the ergy by 2022 we need to manufacture. Dr
Mumbai- 400026 their existing first phase of the Mission put in concerted efforts Abdullah has invited glo-
Phone: +91-022-2352 6513 / 6514 unit in and this will only be pos- and the indigenous bal solar companies to
Fax: +91-022- 2352 6576 U m b e r g a o n , sible if all activities are manufacturing of solar invest in India.
Email: cs@prakashsteelage.com Gujrat. carried out with clock- power equipment will be Today NVVN also
Website: http://www.prakashsteelage.com PROMOTORS work precision. of paramount impor- signed MoU with 16
Registrar PROFILE The Minister in- tance in achieving this Project developers to set
1. Mr. formed the gathering goal. Shri B.K. up to 84 MW capacity so-
Bigshare Services Pvt. Ltd
Bigshare Services Pvt. Ltd.E-2, Prakash C. that a tremendous ex- Chaturvedi, in his ad- lar power projects. Un-
Kanugo, (56 citement both domesti- dress, termed the occa- der Migration 54 MW ca-
Ansa Industrial Estate,
years) is the Pro- cally and internationally sion a reflection of syn- pacity will be through so-
Saki-Vihar Road,
moter, Chairman about our National Solar ergy between the two lar PV and balance 30
Sakinaka,Mumbai - 400 072.
& Managing Di- Mission was evident Ministries to take India MW through solar ther-
Phone: +91-22-2847 0652
rector of the from the fact that the ahead in achieving target mal technology .These
Fax: +91-22-2852 5207 Company. small grid connected set under the Mission. He projects are expected to
Email: babu@bigshareonline.com plants scheme that was also assured all support be commissioned by
2. Mr. Ashok recently launched at-
from Planning Commis- middle of next year.
Website: http://www.bigshareonline.com M. Seth, (36 tracted nearly 400 MW sion. Earlier this year, on
Lead Managers: years) is the Pro- worth of applications- Shri Uma Shankar re- 16th of June , 2010, Minis-
1. Keynote Corporate Services Ltd moter Director nearly 4 times the avail- affirmed the commitment try of New and Renew-
Listing : BSE, NSE of the Company. able capacity. He said of Ministry of Power to the able Energy had an-
BUSINESS that he has asked IREDA Mission and also spoke of nounced the guidelines
Prakash Steelage to ensure that it should
OBJECTS OF THE ISSUE: Limited (PSL) is a flag- announce the list of eli-
the efforts being taken to
overcome the barriers
for providing support for
off gid solar applications
1. Expansion of existing manufacturing facility ship company of Prakash gible projects selected such as high cost of solar and also small grid con-
at Umbergaon, Gujarat; Group. The company in- under the scheme latest power and payment secu- nected solar power
2. Meet the additional working capital require- corporated in 1991 is en- by August 15, 2010. rity etc. plants of 100kW to 2 MW
gaged in the manufac- Dr. Abdullah antici- Earlier, Shri Deepak capacities.
ment;
turing of seamless & pated a similarly large Gupta delivered the wel- The Ministry has now
3. General corporate purpose; welded stainless steel response in the large come address. released the guidelines
4. Meet the issue expenses; and Pipes, Tubes and U- grid-connected power Under the Jawaharlal concerning all the three
5. List the equity shares of the company on the tubes. The company has plants as well and ex- Nehru Mational Solar major deployment
stock exchanges. state of the art produc- pressed hope that NVVN Mission, NTPC Vidyut programmes under the
will now take immediate Vyapar Nigam (NVVN), Jawaharlal Nehru Na-
tion units situated steps to bring out the ex-
ISSUE ALLOCATION which is the power trad- tional Solar Mission to
at Silvasa and pression of interest, in- ing arm of the NTPC has fully operationalise the
Institutional HNI Retail Employee U m b e r g a o n vite applications and se- been designated as the deployment related ac-
3,075,000 922,500 2,152,500 100,000 Continue on ......18 lect eligible developers nodal agency to pur- tivities

GUJARATI HARD COPY AVAILABLE IN GUJARAT AND MUMBAI

 20 01-08-2010 to 07-08-2010
IF NIFTY DECISIVELY SURVIVE ABOVE 5477 WITH Speech by Hon’ble Minister of State
VOLUMES NEXT UPPER LEVELS CAN BE 5702-5904 for Power, Shri Bharatsinh Solanki
30-July-2010 recting. Current rally nifty fall below this
Nifty View for next started from 25-May level for a while and On the occasion of release of
60 Days from the bottom of made low of 5349.20 ,
Close : 5367.60 4786 and made new 52 finally resting at “Guidelines for Selection of New
Nifty looks a bit un- week high of 5477 on 5367.60.
It is but natural that Grid Connected Solar Projects” Un-
SHARAD once , vital resistance
level is achieved, sell- der Phase-1 of the Jawaharlal Nehru
KOTAK ing pressure is must to
emerge. Current National Solar Mission
slugishness may pesist
for a long if Nifty close 25th July, 2010 change, Government standalone basis.
below 5350. In both Hon’ble Minister of of India launched Na- Considering the im-

S
STTO C K
(M)09825068211
email: : below 5350
sharad_kotak2000@yahoo.com
comfortable above
crucial resistance level
of 5477. If you remem-
ber, we predicted this
level on 06-Jul-2010.
Nifty tested exactly
this level in the month
of July and started cor-
ON TOP DOWN UNDER - RED AUSTRALIA
SELLS FOR AUD 353 MILLION (•243 MILLION)
London, 30 July, 2010 -
After impressive growth,
Retail Decision’s (ReD) Aus-
tralian fuel card and pre-
paid businesses have ex-
panded from modest min-
nows to market leading
enterprises. The an-
nouncement of the sale of
ReD’s Australian concerns
to US fleet and corporate
card specialist Wright Ex-
press Corporation for AUD
353 million reflects the
substantial progress made
under ReD’s leadership and
expertise, to its value today
as a highly lucrative and
desirable acquisition.
In the ten years since
ReD bought the Australian
fuel card business, the
company has flourished,
with its management team
steering it to increasing lev-
els of profitability and im-
pressive business growth,
to become the premier
multi-branded fuel card
service in the country. This
success was matched with
the energising of the pre-
23-Jul-2010 consuming
around 60 trading
days.Untill Nifty do not
close below crucial
support of 5350, we
shall term it as on go-
ing rally, however, on
last day of Jul-2010
paid card business ReD
bought five years ago, with
the company taking it from
loss-maker to the fast grow-
ing and profitable market
leader that it is today.
The value of these mar-
ket-leading assets under
ReD’s management is
recognised with this move.
Meanwhile, ReD will con-
tinue to concentrate on its
proven expertise in fraud
prevention across the
globe, including Australia.
As one of the world’s
foremost providers of pay-
ment fraud prevention, ReD
will continue to develop
and internationalise its
business, and is excited by
the prospect of on-going ex-
pansion into emerging
markets in the future, us-
ing the same expertise
which nurtured ReD Austra-
lia to its current value.
Carl Clump, CEO of ReD,
said: “The astounding
growth of our businesses
in Australia is a credit to
all our staff over the years,
the cases , Support and
probable resistance
levels would be as un-
der. A - If Nifty Close
Next Lower Levels
to watch would be
5050-5050 and at low-
est 4786. B - If Nifty de-
cisively survive above
5477 with volumes
Next upper levels can
be 5702-5904 and at
the top 6166 within
next 60 days..
and I would like to thank
them all very publicly. Un-
der ReD’s management our
Australian Fuel Card busi-
ness has gone from being
the number three multi-
branded fuel card to being
the market leader. Addi-
tionally, its profitability
has increased some 15 fold
over that ten year period.
Since 2005, when ReD
bought its pre-paid busi-
ness in Australia, the busi-
ness has grown from a
small loss-making concern
to a profitable and rapidly
growing market leader with
a dominant market share.
These are two excellent as-
sets which will continue to
go from strength to strength
under Wright Express’s
ownership. ReD will now
put all its efforts behind its
renowned, international
payments fraud prevention
business. We are very ex-
cited about the opportuni-
ties ahead of us on a global
basis for our fraud preven-
tion activities”
Power
Sushilkumar Shinde,
Hon’ble Minister of
Shri tional Action Plan on
Climate Change
(NAPCC) which com-
New and Renewable prises amongst others,
Energy, Dr. Farooq the Jawaharlal Nehru
Abdullah, , Shri B. K. National Solar Mission.
Chaturvedi, Member The objective of this
(Planning Commis- mission is to make In-
sion), Shri Deepak dia a leader in solar
Gupta Secretary, Min- energy.
istry of New and Re- A very ambitious
newal Energy, Shri P. target of 20,000 MW of
Uma Shankar Secre- solar energy by 2022
tary, Ministry of Power has been set in the so-
I am happy to be lar mission. We need
present today at the to put in concerted ef-
release of the guide- forts to achieve this
lines for selection of target and the indig-
new Grid Connected enous manufacturing
Solar Power Projects. of solar power equip-
Last month on 16th June ment will be of para-
2010 also I got the op- mount importance in
portunity to be achieving this goal.
present at the launch India receives abun-
of guidelines for off dant solar energy in
grid and decentralized most of the days of the
solar application and year and solar energy
Rooftop and other so- has several benefits -
lar power plants. for example by dis-
As the world makes placing fossil fuels it
a new shift towards promotes energy secu-
low carbon and carbon rity and brings down
free energy sources, emission levels and
the role of renewable can be adopted for
energy has become various scales starting
very important. The from a few KWs to MW
countries around the scale in the modular
globe are increasingly and standardized de-
giving thrust to in- sign. Further, the solar
crease the share of re- energy can be used for
newable energy in almost all the applica-
their basket of energy tions domestic, indus-
consumption. trial processes, agricul-
As a response to the tural, commercial etc.
issue of climate in an integrated or
portance and potential
of the National Solar
Mission, the develop-
ers of solar power are
getting attracted to-
wards the programme.
Since the guidelines,
regulations and the cri-
teria for
selection as well as
award of putting up of
Solar Power units are
new and Multiple
agencies like Ministry
of Power, MNRE,
IREDA, NVNN and CERC
are associated in
implementation of
various scheme, there
is a need to post the
consolidated updated
information in the
public domain i.e. on
the respective
websites as well as
through publications
in English, Hindi, and
other regional lan-
guage. It will be also be
useful to have the
helpdesk and interac-
tive website for satis-
fying frequently asked
question.
I happy that both
Ministry of Power and
MNRE are working
closely to ensure the
timely and successful
implementation of this
most crucial, mission
launched by Hon’ble
Prime Minister in June
2008. I wish great suc-
cess for the mission