The document provides a market summary for May 12, 2010. It reports that key indices like the BSE Sensex and NSE Nifty closed lower by around 1%. It identifies top gainers and losers. It recommends intraday trading strategies and provides technical analysis on various stocks, including support and resistance levels. It also includes updates on two companies, IVRCL Infra securing new orders and Glenmark settling a patent dispute over a cholesterol drug.

1. May 12, 2010
Indices Closed Change % Change
BSE Sensex 17142 -189 -1.1%
NSE NIFTY 5136 -57 -1.1%
NSE Bank NIFTY 9626 -30 -0.3%
CNX IT 5834 -57 -1.0%
CNX MIDCAP 7820 -112 -1.4%
Top Gainers % Top Losers %
Change Change
M&M +1.3% IDEA -5.2%
AXIS BANK +0.8% RELINFRA -5.0%
HDFC 0.7% RCOM -4.8%
BANK
Market Outlook:
*Nifty stocks
The broader index S&P CNX Nifty opened on
Market Breadth negative note and stayed in negative territory all
through the trading session. Finally, it settled at
NSE BSE
5136 lower by 57 points. Telecom, metal and realty
Advances 387 1100 stocks were the major losers for the day. Market
breadth was negative with more than two losers
Declines 926 1760 against a single gainer.
After a surge in Monday’s session index failed to
breach 5200 level and closed near to its day’s low
NIFTY Levels
in yesterday’s session. As per today’s session we
S2 S1 LTP R1 R2 expect index to stay with volatility with support at
Spot 5070 5100 5136 5170 5200 5100 and resistance above 5170 level. A slip below
the support level may enable index to test 5070
Future 5066 5096 5133 5170 5202 level.
Nifty intraday strategy:
Sector to watch 1) Buy above 5170 for a target of 5200 with a stop
Positive Negative loss of 5155.
Auto Tele Communication 2) Sell below 5100 for a target of 5070 with 5115 as
stop loss.

2. May 12, 2010
Script Name Entry Range Target Stop Loss
TataMotors Sell <795 783-780 802
BHEL Sell <2390 2368-2362 2402
M&M Buy >567 579-582 563
L&T Sell <1536 1518-1513 1545
*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 -8.19% Hold for a target of 67-76 with 51.5 as SL
Parsvnath Developers 27-Apr 121 -4.13% Exited at 116
Tata Chemicals 26-Apr 344 -2.14% Hold for a target of 375-390 with 325 as SL
Great Offshore Ltd 26-Apr 450 0.14% Hold for a target of 499 with 424 as SL
Medium Term Calls
Scripr Name Initiated On Entry Price Returns Action
Reliance Power 10-May 147 -1.67% Hold for a target of 190 with 125 as SL
HDIL 10-May 250 -1.20% Hold for a target of 310

3. May 12, 2010
Major support & resistance levels for the day
Name S3 S2 S1 Mid-point R1 R2 R3
A.C.C. 856.75 866.00 880.50 889.75 904.25 913.50 928.00
BHARAT PETRO 525.25 530.40 535.70 540.85 546.15 551.30 556.60
BHEL 2269.43 2328.32 2359.23 2418.12 2449.03 2507.92 2538.83
CAIRN 285.88 290.97 294.48 299.57 303.08 308.17 311.68
DLF 274.75 283.65 289.20 298.10 303.65 312.55 318.10
GRASIM IND. 2511.67 2558.33 2581.67 2628.33 2651.67 2698.33 2721.67
HDFC BANK 1881.02 1897.13 1922.77 1938.88 1964.52 1980.63 2006.27
HERO HONDA 1844.00 1864.50 1878.75 1899.25 1913.50 1934.00 1948.25
HINDUNILVR 230.45 231.90 234.45 235.90 238.45 239.90 242.45
HOUS DEV FIN 2708.33 2730.67 2755.33 2777.67 2802.33 2824.67 2849.33
ICICI BANK 880.00 894.00 906.00 920.00 932.00 946.00 958.00
INFOSYS TECH 2597.33 2616.67 2635.83 2655.17 2674.33 2693.67 2712.83
ITC 250.72 254.13 256.47 259.88 262.22 265.63 267.97
LT EQ 1509.10 1522.60 1532.90 1546.40 1556.70 1570.20 1580.50
MAH & MAH 535.40 543.20 552.10 559.90 568.80 576.60 585.50
MARUTI 1218.33 1241.67 1253.33 1276.67 1288.33 1311.67 1323.33
NSE NIFTY 5022.30 5074.40 5102.50 5154.60 5182.70 5234.80 5262.90
ONGC CORP. 989.87 1005.33 1018.67 1034.13 1047.47 1062.93 1076.27
PNB 989.33 997.87 1007.93 1016.47 1026.53 1035.07 1045.13
RANBAXY LAB. 424.90 437.50 445.25 457.85 465.60 478.20 485.95
RCOM 133.20 139.60 143.20 149.60 153.20 159.60 163.20
REL.CAPITAL 671.67 686.33 693.67 708.33 715.67 730.33 737.67
REL.I.INFRAS 764.83 786.47 797.73 819.37 830.63 852.27 863.53
RELIANCE 1031.58 1047.47 1057.23 1073.12 1082.88 1098.77 1108.53
SIEMENS 633.93 654.47 664.73 685.27 695.53 716.07 726.33
STATE BANK 2207.05 2244.10 2264.85 2301.90 2322.65 2359.70 2380.45
STEEL AUTHOR 198.65 204.95 208.40 214.70 218.15 224.45 227.90
STER EQ 691.23 711.22 721.43 741.42 751.63 771.62 781.83
SUZLON 64.20 65.95 66.95 68.70 69.70 71.45 72.45
TATA POWER 1273.00 1291.00 1312.00 1330.00 1351.00 1369.00 1390.00
TATACOMM 239.32 247.93 252.47 261.08 265.62 274.23 278.77
TATASTEEL 539.40 559.20 569.20 589.00 599.00 618.80 628.80
UNITECH LTD 71.87 74.13 75.37 77.63 78.87 81.13 82.37

4. May 12, 2010
IVRCL INFRA :
The company secured three orders aggregating Rs 822.81 crore.
One of the three orders valued at Rs 525.97 crore is from National Automotive Testing and R&D
Infrastructure Project (NATRIP), New Delhi for construction of automotive test tracks at
Pithampur, Indore and at Chennai, Tamil Nadu. The second order worth Rs 234.71 crore is from
Drinking Water & Sanitation Department, Jharkhand for construction of intake well cum raw
water pump house. The project is to be executed within a period of 30 months.
Glenmark Pharma :
The company settled a patent dispute with Merck & Company on cholesterol drug Zetia.
Under the agreement, Glenmark will be able to launch their product on December 12,2016 or
earlier under certain circumstances, ahead of the April 25,2017 expiration of Merck’s patent
exclusivity for ZETIA. This settlement effectively ends the lawsuit involving a challenge by
Glenmark, which sought to launch a generic version of ZETIA before the April 2017 expiration
of the patent exclusivity covering ZETIA
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.
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