- The key Indian stock market indices closed lower, with the BSE Sensex down 1.3% and the NSE Nifty down 1.4%. The banking sector saw larger losses, with the NSE Bank Nifty falling 3.2%. - Top gainers included IDEA (+3.3%) and RELIANCE (+3.2%), while top losers were RPOWER (-9%) and RELINFRA (-7.6%). - The broader market saw negative sentiment, with more stocks declining than advancing on both the NSE and BSE.

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.
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