1. May 10, 2010
Indices Closed Change % Change
BSE Sensex 16769 -218 -1.3%
NSE NIFTY 5018 -73 -1.4%
NSE Bank NIFTY 9276 -306 -3.2%
CNX IT 5727 -141 -2.4%
CNX MIDCAP 7769 -186 -2.3%
Top Gainers % Top Losers %
Change Change
IDEA +3.3% RPOWER -9.0%
RELIANCE +3.2% RELINFRA -7.6%
M&M +1.6% TATA -6.2%
MOTORS
Market Outlook:
*Nifty stocks
The broader index S&P CNX Nifty opened on a
Market Breadth negative note and in the mid-session it slipped
below 5000 level to hit the day’s low of 4984.
NSE BSE
Finally, Nifty recovered some of its losses and
Advances 138 537 settled at 5018 lower by 73 points. Market breadth
was negative with nearly nine losers against a
Declines 1200 2345 single gainer.
Nifty managed to hold above 5000 level on the last
trading session. As per today’s session we expect
NIFTY Levels
index to get support above 4980 level. The
S2 S1 LTP R1 R2 resistance for the day would be above 5050. The
Spot 4940 4980 5018 5050 5080 short-term trend for Nifty may become further
negative if it happens to settle below its 200-Day
Future 4938 4976 5020 5052 5084 moving average of 4960.
Nifty intraday strategy:
Sector to watch 1) Buy above 5050 for a target of 5080 with a stop
Positive Negative loss of 5035.
FMCG IT, Bank 2) Buy around 4980 for a target of 5020 with 4960
as stop loss.

2. May 10, 2010
Script Name Entry Range Target Stop Loss
Maruti Buy >1288 1304-1308 1278
M&M Buy >530 537-540 526
Cipla Sell <340 336-334 342.3
TataPower Sell <1274 1256-1251 1284
*calls valid for first 1 hour of trade
Script Name Entry Range Action
No Recommendations for the day
This table contains the carry-over positions featured under the “delivery calls” column. Stocks recommended
here are with the short-term outlook. The action column clearly depicts the position of the recommendation
everyday.
Scripr Name Initiated On Entry Price Returns Action
BalajiTele 28-Apr 58 -10.00% Hold for a target of 67-76 with 51.5 as SL
Parsvnath Developers 27-Apr 121 -1.74% Hold for a target of 133 with 116 as SL
Tata Chemicals 26-Apr 344 -4.07% Hold for a target of 375-390 with 325 as SL
Great Offshore Ltd 26-Apr 450 -0.11% Hold for a target of 499 with 424 as SL
SREI 09-Apr 81.5 -6.99% Exited at 75.8

3. May 10, 2010
Major support & resistance levels for the day
Name S3 S2 S1 Mid-point R1 R2 R3
A.C.C. 836.33 844.17 852.33 860.17 868.33 876.17 884.33
BHARAT PETRO 503.23 519.07 533.03 548.87 562.83 578.67 592.63
BHEL 2301.47 2325.73 2361.17 2385.43 2420.87 2445.13 2480.57
CAIRN 271.08 275.07 280.03 284.02 288.98 292.97 297.93
DLF 268.35 275.50 280.50 287.65 292.65 299.80 304.80
GRASIM IND. 2431.00 2483.00 2521.50 2573.50 2612.00 2664.00 2702.50
HDFC BANK 1790.00 1813.00 1829.00 1852.00 1868.00 1891.00 1907.00
HERO HONDA 1803.70 1827.85 1856.70 1880.85 1909.70 1933.85 1962.70
HINDUNILVR 222.63 226.32 230.63 234.32 238.63 242.32 246.63
HOUS DEV FIN 2641.87 2666.18 2699.17 2723.48 2756.47 2780.78 2813.77
ICICI BANK 843.67 856.33 866.67 879.33 889.67 902.33 912.67
INFOSYS TECH 2563.78 2585.42 2602.08 2623.72 2640.38 2662.02 2678.68
ITC 248.07 250.83 255.42 258.18 262.77 265.53 270.12
LT EQ 1450.67 1467.33 1500.67 1517.33 1550.67 1567.33 1600.67
MAH & MAH 488.37 496.88 511.67 520.18 534.97 543.48 558.27
MARUTI 1221.33 1235.67 1259.33 1273.67 1297.33 1311.67 1335.33
NSE NIFTY 4880.13 4932.37 4981.18 5033.42 5082.23 5134.47 5183.28
ONGC CORP. 986.45 1005.80 1022.90 1042.25 1059.35 1078.70 1095.80
PNB 971.33 988.77 999.93 1017.37 1028.53 1045.97 1057.13
RANBAXY LAB. 425.00 436.30 442.40 453.70 459.80 471.10 477.20
RCOM 143.65 146.50 150.55 153.40 157.45 160.30 164.35
REL.CAPITAL 648.90 662.50 672.80 686.40 696.70 710.30 720.60
REL.I.INFRAS 698.40 739.20 767.10 807.90 835.80 876.60 904.50
RELIANCE 906.67 941.33 990.67 1025.33 1074.67 1109.33 1158.67
SIEMENS 588.33 604.47 636.73 652.87 685.13 701.27 733.53
STATE BANK 2123.75 2171.05 2197.20 2244.50 2270.65 2317.95 2344.10
STEEL AUTHOR 196.37 199.73 203.77 207.13 211.17 214.53 218.57
STER EQ 692.33 701.17 707.33 716.17 722.33 731.17 737.33
SUZLON 61.57 64.13 65.87 68.43 70.17 72.73 74.47
TATA POWER 1230.80 1247.40 1266.70 1283.30 1302.60 1319.20 1338.50
TATACOMM 252.70 255.85 257.50 260.65 262.30 265.45 267.10
TATASTEEL 534.78 543.62 551.33 560.17 567.88 576.72 584.43
UNITECH LTD 65.53 68.42 70.93 73.82 76.33 79.22 81.73

4. May 10, 2010
RIL:
Supreme Court ruled in favour of the company in gas dispute with Reliance Natural Resources.
A three-member Supreme Court bench, headed by Chief Justice of India K.G. Balakrishnan,
ruled in favour of RIL by 2:1.
Ramco Systems:
The company secured an overseas order for one of its software products for an undisclosed sum.
Dubai based Tradeline LLC, a trading and manufacturing group, has selected Ramco Systems'
human capital management (HCM) and payroll management solutions for its trading, shipping
and iron & steel manufacturing business units.
Sun Pharma:
The company's unit received approval from the US drug regulator to sell memantine tablets,
which are used for treating moderate to severe Alzheimer's disease. Sun Pharmaceutical
Industries' unit received approval from the US Food and Drug Administration to sell 5-milligram
(mg) and 10-mg tablets of memantine. The company believes 5-mg and 10-mg strengths of
memantine have combined annual sales of about $1.2 billion in the US.
The views expressed in this report are based on technical analysis. The stop-loss levels mentioned should be strictly followed. There
is risk of loss in trading.
This report is for the personal information of the authorized recipient and does not construe to be any investment, legal or taxation
advice to you. Navia Markets Limited (hereinafter referred as Navia) is not soliciting any action based upon it. This report is not for
public distribution and has been furnished to you solely for your information and should not be reproduced or redistributed to any
other person in any form.
The report is based upon information that we consider reliable, but we do not represent that it is accurate or complete, and it should
not be relied upon such. Navia or any of its affiliates or employees shall not be in any way responsible for any loss or damage that
may arise to any person from any inadvertent error in the information contained in this report.
Navia and/or its affiliates and/or employees may have interests/ positions, financial or otherwise in the securities mentioned in this
report.
Please forward you queries to research@naviamarkets.com
© Navia Markets Limited, Ganga Griha, 4th & 5th Floor, #9, Nungambakkam High Road, Chennai-34.
Phone: 044 –39189418
Website: www.naviamarkets.com