WEEK AHEAD REVIEW

Geopolitical tensions, progress of monsoon to decide near term trend

The focus of investors will shift on progress of monsoon and geopolitical situation in Iraq and Ukraine in the coming week, amid lack of major domestic macro economic data next week.

Trend in investment by foreign portfolio investors (FPIs), trend in global markets, trend in other global emerging markets, the movement of rupee against the dollar and crude oil price movements hold key.

Progress of monsoon will be closely tracked by the investors. The India Meteorological Department (IMD) on 12 August 2013, said that the rainfall during August is likely to be normal (96 ± 9% of LPA) as was forecasted in June. The rainfall during the second half of the 2014 southwest monsoon

FREE WEEKLY BANKNIFTY FORECAST REPORT – FROM 7-5-12 TO 11-5-12 – WWW.MARKETCALLS.NET

This week focus on quarterly earnings, debate in parliament on Finance Bill 2012

Last week Banknifty lost -414 points and closed at 9793.90. Banknifty slide down majorly due to three  reasons. 1. GAAR 2. INR Devaluation and 3. BASEL III guide lines issued by RBI. Due to these reasons, we saw heavy panic base selling in the all around the market. Specially we saw that bank stocks are heavily effected. But looking to chart of banknifty we can see that since last five weeks it was trading flat. Now on closing basis banknifty is having good support at 9700-9535 and resistance at 9980. 

KEEP STRICT SL IN EVERY TRADE NOW FOR NEW POSITIONS AND KEEP SL IN SYSTEM NOT IN YOUR MIND. BEFORE YOU TRADE ON SYSTEM FIRST DECIDE THE SL AND THEN TRADE.

BANKNIFTY WEEKLY CHART

BANKNIFTY CHART ON WEEKLY BASIS

WEEKLY BANKNIFTY SUPPORT 9700-9535 AND RESISTANCE 9980

BANKNIFTY FUT. (9793)
Buy above 10020 Target 10160-10290
Sell below 9680 Target 9538-9410

-Always Remember, put SL in your every trade.
- Weekly Levels are Closing Basis, so follow on closing time.

-How to follow our calls on Click Here
-Read Disclaimer at Click Here

Rupesh Yatesh Dalal
Head Research Department


Website : www.marketcalls.net
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FREE WEEKLY MARKET FORCAST REPORT 7-5-12 TO 11-5-12 From : www.marketcalls.net

This week focus on quarterly earnings, debate in parliament on Finance Bill 2012

Last week Sensex lost 303 points or -1.77% to 16831 and Nifty lost -104 points or -2.00% to 5086 in the week ended 04-05-2012.  Looking to weekly chart of nifty future, since last 8 weeks we can see in the chart nifty was trying to break the trend line towards down side. But bulls came and gave support to nifty and at the end of week again bears are coming to drag down the nifty.

On last Friday we saw that heavy selling pressure came  due to GAAR and BASEL III guidelines, and nifty closed below 5100 level.  Now nifty stands on the border of the trend breaking line. If nifty breaks this level for two days then we may see 4950-4900 in coming days. On clsoing basis nifty is having good support at 5050 & 4982 and resistance at 5189.

KEEP STRICT SL IN EVERY TRADE NOW FOR NEW POSITIONS AND KEEP SL IN SYSTEM NOT IN YOUR MIND. BEFORE YOU TRADE ON SYSTEM FIRST DECIDE THE SL AND THEN TRADE.

WEEKLY INDEX SUMMARY

INDEX	LAST WEEK 04-05-2012	PREVIOUS WEEK 27-4-2012	PERCENTAGE % (+/-)	POINTS (+/-)
SENSEX	16831.08	17134.25	-1.77%	-303
NIFTY	5086.85	5190.60	-2.00%	-104

Investors are closely watching India Inc’s Q4 March 2012 and year ending March 2012 (FY 2012) earnings. Focus is on the guidance provided by the management for the year ending March 2013 (FY 2013) to gauge the earnings outlook. The results announced so far have been mixed.

Housing finance major HDFC announces FY 2012 results on Monday, 7 May 2012. Hindalco and Asian Paints unveil Q4 results on Tuesday, 8 May 2012. Kotak Mahindra Bank and Infrastructure Development Finance Company (IDFC) unveil FY 2012 results on the same day. Punjab National Bank and Ranbaxy Laboratories unveil quarterly results on Wednesday, 9 May 2012. NTPC announces FY 2012 results on Thursday, 10 May 2012. Cipla announces Q4 results on the same day. Dr Reddy’s Laboratories announces FY 2012 results on Friday, 11 May 2012.

The current weakness of the rupee against the dollar will benefit exporters and impact importers adversely — a weak rupee makes imports costlier. A weak rupee boosts revenue of IT firms in rupee terms as the sector derives a lion’s share of revenue from exports. A weak rupee will increase the competitiveness of Indian merchandise exports.

The Finance Bill 2012 is scheduled to be debated and passed in Parliament next week. In his Budget 2012-13, Finance Minister Pranab Mukherjee proposed tax-avoidance legislation viz. General Anti-Avoidance Rules (GAAR). He also has proposed to amend the Income Tax Act, 1961 with retrospective effect to bring into tax net overseas mergers and acquisitions involving domestic assets.

India Inc. and multinational companies alike have been complaining about the provision in GAAR that puts the onus of proof that a transaction was not undertaken to avoid tax on the company or investor concerned. GAAR is aimed at curbing tax avoidance by structuring a business or effecting a transaction with the objective of avoiding the tax liability instead of rational commercial considerations. For instance, the creation of a shell company in a tax haven like Mauritius to invest in India will come under the provisions of GAAR. It empowers the tax authorities to distinguish transactions aimed at avoiding tax from those driven by commercial consideration. Foreign institutional investors are also worried that GAAR will override India’s tax treaty with Mauritius, which exempts capital gains from being doubly taxed. Most foreign funds invest in the Indian stock markets through the Mauritius route.

The Indian government is considering a review of its tax avoidance treaty with Mauritius as it looks to boost revenue, junior Finance Minister S.S. Palanimanickam said Friday, 4 May 2012. There has been unwillingness on the part of Mauritius to cooperate in addressing this problem, he said. Palanimanickam said that consistent efforts are being made by the Indian government to find mutually acceptable solutions for addressing India’s concerns.

The Finance Bill 2012 has also proposed retrospective changes that will empower the government to tax transactions that have taken place outside the country, but involve underlying assets located in India, a move prompted by a Supreme Court verdict that went against the government. The proposal will have the power to tax retroactively. If this retroactive tax is approved, it would hurt the sentiment of foreign investors toward India.

Worried over the impact of the proposed retrospective tax amendment in Finance Bill 2012, Dutch unit of Vodafone has served a legal notice to the Indian government threatening to drag India to international arbitration on the issue.

On the macro front, the government will unveil industrial production data for March 2012 on Friday, 11 May 2012. Industrial production rose 4.1% in February 2012.   (Data Source: Capitalmarket)

NIFTY WEEKLY CHART


WEEKLY NIFTY SUPPORT 5050-4982 AND RESISTANCE 5189

NIFTY FUT. (5097)
Buy above 5140 Target 5182-5229-5277
Sell below 5045 Target 5002-4949-4903

- Always Remember, put SL in your every trade.
- Weekly Levels are Closing Basis, so follow on closing time.

-How to follow our calls on Click Here
-Read Disclaimer at Click Here

Rupesh Yatesh Dalal
Head Research Department

Website : www.marketcalls.net
Facebook : www.facebook.com/marketcalls.net
Twitter : @marketcallsnet
Yahoo Messenger : rupeshydalal@yahoo.com
Email : info@marketcalls.net

FREE WEEKLY MARKET FORCAST REPORT 30-5-11 TO 3-6-11 From : www.marketcalls.net

This week market may continue on upper side

 

Last week Sensex lost 60 points or -0.33% to 18266 and Nifty lost 10 points or -0.19% to 5476 in the week ended 27-05-2011. After 34 days of negative closing, nifty is closing on positive side since last 2 days. Now nifty should reverse from bottom. On closing basis nifty should not close below 5400 level otherwise we may see new down side. FII are also net buyer side since last two days. Forget Europe

FREE WEEKLY MARKET FORECAST REPORT 04-10-10 TO 08-10-10 From : www.marketcalls.net

This week market may continue making new high

Last week Sensex gained 400 points or +1.99% to 20445 and Nifty gained 125 points or +2.08% to 6143 in the week ended 01-10-2010. Continiously Nifty 5th week closing on green side, very good FII fund input, Good results, Good Tax paying figtures market still looks very strong in coming days. We see previous high in nifty at 6300 and above also very soon. If nifty close above 6292 then only nifty may come to 6500-6700.

Last week very good rollover done after so many months we are now watching F&O ban in so many scripts. We advise dont listen to anybody for penny stock, only invest in good front line companies. In this coming week we see more new high with high volatility. Dont remain in short till chart made reversal. From 15th  Oct.2nd qtr results are starting, these results may kick up more...

KEEP STRICT SL IN EVERY TRADE NOW FOR NEW POSITIONS AND KEEP SL IN SYSTEM NOT IN MIND. BEFORE YOU TRADE ON SYSTEM FIRST DECIDE THE SL AND THEN ONLY TRADE.

WEEKLY INDEX SUMMRY

INDEX	LAST WEEK 01-10-2010	PREVIOUS WEEK 24-09-2010	PERCENTAGE % (+/-)	POINTS (+/-)
SENSEX	20445.04	20045.18	+1.99%	+400
NIFTY	6143.40	6018.30	+2.08%	+125

The market may extend gains next week with foreign investors pouring in money into Indian stocks, tempted by the country's rapid economic growth. The widely tracked BSE Sensex galloped past 20,000 points recently and is a few points away from an all-time peak of 21,206.77.

Foreign institutional investors (FIIs) bought shares worth a staggering Rs 2,496.39 crore on Thursday, 30 September 2010, as per the provisional data from the stock exchanges. FII inflow in September 2010 totaled Rs 23612.43 crore, as per data from the stock exchanges. FII inflow in the calendar year 2010 totaled Rs 43107.53 crore (till 30 September 2010).
Net equity inflow in 2010 now stands at a record $18.37 billion, above last year's $17.45 billion, as per data from the Securities & Exchange Board of India. The Sebi data includes FII inflow through primary and secondary market route.
The US is trying hard to ward off a double-dip recession, while Europe is hoping that the overstretched banking system does not go bust. The outlook for world trade is subdued and economies that depend on exports to drive growth could face pain.
India's $1.3-trillion economy thrives on vast domestic consumption. According to recent, International Monetary Fund forecast, Indian economy will expand 9.4% in 2010. It is this growth potential that is attracting foreign investors. India's low reliance on exports and a widening savings investment gap also makes it attractive for foreign investors.
The domestic financial institutions have been taking money off the table. Retail investors are not participating in this rally in a big way because the bitter memory of the 2008 slump is still fresh in their mind.
For the near term, a section of the market is concerned that the large initial public offer (IPO) of state-run Coal India in mid-October 2010 would soak liquidity from the secondary equity markets. The government plans to raise about Rs 15000 crore to Rs 16000 crore from divestment of 10% stake in Coal India. The IPO is billed as the country's largest issue ever.
The next major trigger for the market is Q2 September 2010 results of India Inc. Software bellwether Infosys Technologies will kick start Q2 result season on 15 October 2010.  (Data Source: Capitalmarket)

NIFTY WEEKLY CHART


WEEKLY NIFTY SUPPORT 6048 AND RESISTANCE 6190

NIFTY FUT. (6176)
Buy above 6191 Target ????
Sell below 6090 Target ???? 
For SL and Targets Levels - SUBSCRIBE Nifty Calls AT : www.marketcalls.net
and enjoy many more things....  (See Subscribe menu to subscription details)
-Always Remember, put SL in your every trade.
- Weekly Levels are Closing Basis, so follow on clsoing time.
-How to follow our calls on Click Here
-Read Disclaimer at Click Here
Rupesh Yatesh  Dalal
Head Research Team

www.marketcalls.net

FREE WEEKLY MARKET FORECAST REPORT 27-9-10 TO 1-10-10

This week market may rise with high volatility.

Last week Sensex gained 451 points or +2.30% to 20045 and Nifty gained 134 points or +2.27% to 6018 in the week ended 24-9-2010. Last week we saw high volatility in the market. Still retail investor is waiting for correction. No one looks happy with 32 months new high, because this time rally is stock specific, so retail investor is waiting for their stock's price rise. Now we can see slowly nifty is rising

FREE WEEKLY MARKET FORECAST REPORT 13-9-10 TO 17-9-10

This week market may trade on both side with high volatility.

Last week Sensex gained 561 points or +3.08% to 18799 and Nifty gained 154 points or +2.81% to 5640 in the week ended 10-9-2010. As we told last week, if nifty cross 5543 then buy nifty, enjoy good profit with us. Still Nifty is having space to cross 5700 level. On Last Thursday nifty made high of

FREE WEEKLY MARKET FORECAST REPORT 6-9-10 TO 10-9-10

This week market may consolidate near current level

Last week Sensex gained 223 points or +1.24% to 18221 and Nifty gained 108 points or +1.31% to 5479 in the week ended 3-9-2010. Last week nifty bounce back from bottom but still nifty could not cross previous high of 5543. On weekly basis nifty is having strong support at 5334 and resistance at 5543.

Last week GDP data showed good strength. Auto sector and Cement sector also showed good

FREE WEEKLY MARKET FORECAST REPORT 23-08-10 TO 27-08-10 From : www.marketcalls.net

This week in market may rise with stock specific movement

Last week Sensex gained +234 points or +1.29% to 18401 and Nifty gained +78 points or +1.44% to 5530 in the week ended 20-8-2010. Last week we saw bulls entered in the market and took the full charge and nifty crossed 5500 level and nifty closed at 5523

FREE WEEKLY MARKET FORECAST REPORT 02-08-10 TO 06-08-10 From : www.marketcalls.net

This week in market may rise with stock specific movement

Last week Sensex lost -262 points or -1.45% to 17868 and Nifty lost -82 points or -1.50% to 5367 in the week ended 30-7-2010. Last week after good result of Reliance and Good announcement of RBI, but we saw profit booking on higher level. Due to result season market is trading very choppy way. Still we hope on Reliance, If RIL moves then nifty will go above 5500 very fast. Till 5230 we are on bull side. No need to panic in market. Nifty resistance at 5455 and 5476. If nifty close above then hold long positoins.

WEEKLY INDEX SUMMRY

INDEX	LAST WEEK 30-07-2010	PREVIOUS WEEK 23-07-2010	PERCENTAGE % (+/-)	POINTS (+/-)
SENSEX	17868.29	18130.98	-1.45%	-262
NIFTY	5367.60	5449.10	-1.50%	-82

Stock-specific activity is likely to continue in the near term based on first quarter result announcement or expectations about first quarter results of individual firms. Many front line companies such as State Bank of India, Bharti Airtel, Tata Motors and Tata Steel, are still to announce their results.

Private sector bank ICICI Bank reports first quarter results on Saturday, 31 July 2010. On Monday, 2 August 2010, gas transmission and distribution firm GAIL India unveils first quarter results, to be followed by copper and aluminium major Hindalco Industries on Tuesday, 3 August 2010 and Infrastructure Development Finance (IDFC) on Wednesday, 4 August 2010. Power Grid Corporation reports first quarter results on Friday, 6 August 2010.

The results announced so far have been a mixed bag. The combined net profit of a total of 1,085 companies declined 12.6% to Rs 47280 crore on 23.1% increase in sales to Rs 609368 crore in Q1 June 2010 over Q1 June 2009.

Auto and cement stocks will be in focus early next week as companies announce sales volumes for July 2010. On the macro front, HSBC's manufacturing Purchasing Manager's Index (PMI) for July 2010 will be out on Monday, 2 August 2010. The index had declined to 57.3 in June 2010, from 59 in May 2010.

During the week ahead, HSBC will also unveil the services sector PMI for July 2010. The index, which shows business activity in the services sector had reached a two-year high of 64 last month.

There are concerns of sharper monetary action going ahead following hawkish comments by a central bank official on Thursday, 29 July 2010. Current interest rates would not tame inflation and aggressive action is needed, an RBI official said on Thursday. The Reserve Bank of India (RBI) at its Q1 monetary policy on Tuesday, 27 July 2010, raised its key short term interest rates for the fourth time this year to curb surging inflation. The central bank also raised its economic growth and inflation forecasts.

On the flip side, the revival of monsoon rains in the crucial sowing month of July 2010 augurs well for the Indian economy which is driven by strong domestic demand. The annual monsoon rains were 38% above normal in the week to 28 July 2010, bouncing back from a 17-percent deficit in the previous week. Heavy, well-distributed showers in the past week helped total rainfall rise to normal during July, the most important month for planting rice, corn, soybean and cane.

The Southwest monsoon was active over Andaman & Nicobar Islands, Vidarbha, Andhra Pradesh, Karnataka and Kerala during past 24 hours, the India Meteorological Department (IMD) said in its daily update on Thursday, 29 July 2010. The weather office expects fairly widespread rainfall over west coast, northwest, east and northeast India in the near term.

The south west monsoon is important for India as about 60% of the country's farmlands are rain-fed and more than half of the workforce is employed in the agriculture sector. The weather office expects this year's monsoon rains to be at 102% of the long-period average. Good monsoon rains would help raise farm output, boost rural incomes and lower food inflation.

Meanwhile, the government is trying to persuade truckers not to go on strike from 6 August 2010 to press their demand for lower toll tax. Truckers lobby group, the All India Motor Transport Congress (AIMTC), has called for lower toll tax failing which it plans to take nearly 62 lakh trucks off roads from 6 August 2010, and halt movement of goods across the country.

Coming back to stocks, ITC turns ex-bonus from Tuesday, 3 August 2010. The cigarette major has announced a liberal 1:1 bonus.

Foreign funds continue to mop up Indian stocks. Foreign funds have bought shares worth a net Rs 8109.64 crore this month (till 29 July 2010), absorbing selling by domestic institutional investors. Domestic funds have sold shares worth a net Rs 6193.15 crore this month (till 29 July 2010), as per data from the stock exchanges.

Foreign funds had pumped in Rs 7713.97 crore in equities in June 2010, absorbing selling by domestic funds in that month. Domestic funds had dumped shares worth a net Rs 4777.05 crore in June 2010.

Asia ex-Japan equity funds absorbed more than $1 billion in the week ended 28 July 2010, their biggest inflow in 14 weeks, according to data from global fund tracking firm EPFR Global. Indian equity funds posted an eighth consecutive week of inflows and China stock funds recorded the biggest weekly intake since mid-April, EPFR said. (Data Source: Capitalmarket)

NIFTY WEEKLY CHART

WEEKLY NIFTY SUPPORT 5325 AND RESISTANCE 5455-76

NIFTY FUT. (5376)
Buy above 5455 Target ????
Sell below 5355 Target ????

For SL and Targets Levels - SUBSCRIBE Nifty Calls AT : www.marketcalls.net
and enjoy many more things.... (See Subscribe menu to subscription details)

-Always Remember, put SL in your every trade.

- Weekly Levels are Closing Basis, so follow on clsoing time.
-How to follow our calls on Click Here
-Read Disclaimer at Click Here

Rupesh Yatesh Dalal
Head Research Team

www.marketcalls.net

FREE WEEKLY MARKET FORECAST REPORT 26-07-10 TO 30-07-10 From : www.marketcalls.net

This week in market may rise with stock specific movement

Last week Sensex gained +175 points or +0.98% to 18130 and Nifty gained +56 points or +1.02% to 5449 in the week ended 23-7-2010. Last week market ends with minor gain. But in last week nifty made new high of last 2.5 years. Normally we found breakout or new high with good volumes with proper margin. But so many issues are pending and last for F&O expiry market is trading very choppy way. Next week RBI Meet for CRR and RESERVE REPO RATE, RIL result of 1st Qtr, and Finally last week for F&O Expiry. So, looking to these issues market will be highly volatile or too choppy means range bound. We Strictly advise please remain neutral till next Thursay. Nifty resistance at 5476 and 5492.

WEEKLY INDEX SUMMRY

INDEX	LAST WEEK 23-07-2010	PREVIOUS WEEK 16-07-2010	PERCENTAGE % (+/-)	POINTS (+/-)
SENSEX	18130.98	17955.82	+0.98%	+175
NIFTY	5449.10	5393.90	+1.02%	+56

The results of the stress test of European banks due late on Friday, 23 July 2010, will set the tone for global equity markets early next week. Closer home, investors will watch for any surprises in central bank's monetary policy review on Tuesday, 27 July 2010. The market has already discounted a 25 basis points rate hike in key short term rates by the Reserve Bank of India.

Volatility may rise as traders roll over positions in the derivatives segment from the near-month July 2010 contracts to August 2010 contracts ahead of the expiry of the near-month July 2010 derivatives contracts on Thursday, 29 July 2010.

On the global front, European Union regulators are examining the strength of 91 banks to determine if they can survive potential losses from both a recession and a decline in the value of their government- bond holdings. The tests are being used to reassure investors about the health of financial institutions from Germany's WestLB AG and Bayerische Landesbank to Spanish savings banks as the debt crisis pummels the bonds of Greece, Spain and Portugal.

Back home, among the key corporate results, Maruti Suzuki India will announce its Q1 result on Saturday, 24 July 2010. Sterlite Industries and NTPC will announce Q1 results on Monday, 26 July 2010. Larsen & Toubro, Reliance Industries and Hindustan Unilever's Q1 results are due on Tuesday 27 July 210. DLF, Mahindra & Mahindra and Jindal Steel & Power's Q1 results are due on 28 July 2010. Hero Honda Motors and ONGC will be announcing Q1 result on Thursday, 28 July 2010.

The first quarter results announced by the companies so far have been decent. The combined net profit of a total of 303 companies rose 25.5% to Rs 20510 crore on 17.7% rise in sales to Rs 133828 crore in Q1 June 2010 over Q1 June 2009.

Investors are closely monitoring the progress of the monsoon rains. The annual monsoon rains were 17% below normal in the week to 21 July 2010, improving after a 24% deficit in the previous week, the India Meteorological Department said on Thursday, 22 July 2010. The seasonal monsoon rains during 1 June to 22 July 2010 were 12% below normal, the weather office added.

Southwest monsoon was vigorous over Sub-Himalayan West Bengal & Sikkim and active over Bihar, West Uttar Pradesh, Uttarakhand, Himachal Pradesh, Punjab, Konkan & Goa, Vidarbha, Telangana, Coastal & South Interior Karnataka and Kerala during past 24 hours, the weather office said in its daily report on Thursday 22 July 2010.

The south west monsoon is important for India as about 60% of the country's farmlands are rain-fed and more than half of the workforce is employed in the agriculture sector. The weather office expects this year's monsoon rains to be at 102% of the long-period average. Good monsoon rains would help raise farm output, boost rural incomes and lower food inflation.

Investors poured money into equity funds focused on India and China in the week ended 21 July 2010 as concern about economic growth spurred withdrawals from developed-market stocks, global fund tracker EPFR Global said. India funds received a net $187 million, the most in 51 weeks, while China money managers took in $138 million, EPFR said.

Foreign funds have bought Indian equities worth a net Rs 6053.03 crore this month so far, till 22 July 2010, as per data from the stock exchanges. Foreign funds had pumped in Rs 7713.97 crore in equities in June 2010.

Domestic funds have sold shares worth a net Rs 3539.31 crore this month so far, till 22 July 2010. They had sold equities worth a net Rs 4777.05 crore in June 2010. (Data Source: Capitalmarket)

NIFTY WEEKLY CHART

WEEKLY NIFTY SUPPORT 5383 AND RESISTANCE 5476

NIFTY FUT. (5444)
Buy above 5479 Target ????
Sell below 5380 Target ????

For SL and Targets Levels - SUBSCRIBE Nifty Calls AT : www.marketcalls.net
and enjoy many more things.... (See Subscribe menu to subscription details)

-Always Remember, put SL in your every trade.

- Weekly Levels are Closing Basis, so follow on clsoing time.
-How to follow our calls on Click Here
-Read Disclaimer at Click Here

Rupesh Yatesh Dalal
Head Research Team

www.marketcalls.net

FREE WEEKLY MARKET FORECAST REPORT 12-07-10 TO 16-07-10 From : www.marketcalls.net

This week in market may rise with stock specific movement

Last week Sensex gained +373 points or +2.13% to 17833 and Nifty gained +115 points or +2.20% to 5352 in the week ended 09-7-2010. Last week market ends with good gain, Looks like Bulls take the charge finally. In this week we may see stock specific movement due to 1st quarter results announcement. This week nifty closed near previous high. Now more chances are to jump for new high. Now on this week keep your eyes on 5378 and 5398, If nifty close above these levels then we may see new high very soon. Nifty support at 5218 on closing basis. If nifty close below 5218 then we advise to exit from long positions. Till nifty 5218 we are on bull side.

WEEKLY INDEX SUMMRY

INDEX	LAST WEEK 09-07-2010	PREVIOUS WEEK 02-07-2010	PERCENTAGE % (+/-)	POINTS (+/-)
SENSEX	17833.54	17460.95	+2.13%	+373
NIFTY	5352.45	5237.10	+2.20%	+115

Stocks may extend gains next week as companies start disclosing their results for the first quarter ended June 2010. Though a few results will start trickling from Monday, the real action will kick off with the Infosys earnings on Tuesday, 13 July 2010.

Some prominent results next week include, Infosys Technologies, Exide Industries and Hotel LeelaVenture on Tuesday, 13 July 2010, HDFC and South Indian Bank on Wednesday, 14 July 2010, TCS, Axis Bank, LIC Housing Finance, Castrol India on Thursday, 15 July 2010 and Chambal Fertilizers & Chemicals, BASF India and Honeywell Automation on Friday, 16 July 2010.

Advance tax collections for the first quarter of the current financial year point to a strong growth in corporate sector profits. Advance tax payments by companies during the April-June quarter account for 15% of the total advance tax payable in the fiscal year. Corporate advance tax for the first quarter stood at Rs 26,876 crore, against Rs 20,456 crore in the year-ago period, a rise of 31.4%, the fastest since 2005.

Auto firms are seen reporting strong Q1 results on the back of healthy volume growth. However, margins could be under pressure due to higher input costs. Improved lending growth will spur bottom line growth of banks whereas healthy order book will drive earnings of capital goods and engineering giants L&T and Bharat Heavy Electricals (Bhel). Higher sales realisation would boost boom line of metal firms.

As far as the IT sector is concerned, the focus is on whether the IT bellwether Infosys revises its annual guidance when it announces the first quarter results on 13 July 2010. The IT bellwether will issue guidance for the second quarter ending September 2010 at the time of announcing the first quarter results.

On macro front, the major economic data due next week includes the industrial production data and monthly inflation report. Industrial production data for May 2010 will be released on Monday, 12 July 2010, while the inflation data will be released on Wednesday, 14 July 2010

The Reserve Bank of India (RBI) on 2 July 2010, hiked the repo rate by 25 basis points to 5.5% from 5.25%, with immediate effect. It also hiked the reverse repo rate, at which it absorbs excess cash from the banking system, by an equal 25 basis points to 4% from 3.75%. The central bank said the latest rate hike is a part of the calibrated exit from the expansionary monetary policy.

Two-thirds of WPI inflation in May 2010 was contributed by non-food items, suggesting that inflation is now very much generalised and that demand-side pressures are evident, the central bank said in a statement. WPI inflation increased to 10.2% in May 2010, up from 9.6% in April 2010.

In its April 2010 policy review, the Reserve Bank projected real GDP growth for 2010-11 at 8% with an upside bias. More recent data suggest that the upside bias has largely materialized, thecentral bank said. The growth projection will be reviewed in the first quarter review on 27 July 2010, RBI said.

Analysts expect another 25 basis points rate hike by the central bank at its quarterly review on 27 July 2010.

Investors are also closely watching the progress of the monsoon rains. Rains have revived after weak monsoon last month. Crop planting suffered last month as rainfall was 16% below normal, but rainfall deficit for the country as a whole has narrowed down to 10% for the period 1 June-8 July after heavy rains in the past few days. Rains were 2% above normal in the week ended 8 July 2010.

The south west monsoon is important for India as about 60% of the country's farmlands are rain-fed and more than half of the workforce is employed in the agriculture sector. The south-west monsoon usually covers the entire country by mid-July. The weather office expects this year's monsoon rains to be at 102% of the long-period average. Good monsoon rains would help raise farm output, boost rural incomes and lower food inflation.

Last week, the International Monetary Fund (IMF) raised its world output forecast for 2010, citing solid growth in the first half, especially in Asia, but warned of significant downside risks flowing from Europe. The IMF revised its 2010 world gross domestic product forecast to 4.6%, up from a previous forecast in April of 4.2%. The 2011 GDP forecast was unchanged at 4.3%.

The IMF raised India's growth forecast for 2010 to 9.5%, stating that favourable financing conditions and robust corporate profits will accelerate economic expansion. The IMF expects India's economy to grow 8.5% in 2011.

On the global front, US earnings season kicks off Monday, 12 July 2010, night when Alcoa reports results. Besides the earnings season, retail sales excluding autos, inflation figures, industrial production data and minutes of Federal Open Market Committee (FOMC) meeting are due next week. And from China, the Q2 GDP data is due next week. Market participants are expecting the data to show China's economic growth slowed to around 10% in the second quarter from the previous quarter's 11.9%. (Data Source: Capitalmarket)

NIFTY WEEKLY CHART

WEEKLY NIFTY SUPPORT 5218 AND RESISTANCE 5378-98

NIFTY FUT. (5354)
Buy above 5380 Target ????
Sell below 5216 Target ????

For SL and Targets Levels - SUBSCRIBE Nifty Calls AT : www.marketcalls.net
and enjoy many more things.... (See Subscribe menu to subscription details)

-Always Remember, put SL in your every trade.

- Weekly Levels are Closing Basis, so follow on clsoing time.
-How to follow our calls on Click Here
-Read Disclaimer at Click Here

Rupesh Yatesh Dalal
Head Research Team

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FREE WEEKLY MARKET FORECAST REPORT 05-07-10 TO 09-07-10 From : www.marketcalls.net

This week in market may decide its trend

Last week Sensex lost -114 points or -0.65% to 17460 and Nifty lost -32 points or -0.61% to 5237 in the week ended 02-7-2010. Last week market ends flat, Bulls and Bears fight well, but nobody wins and market ends neutral on weekly basis. RBI raise the REPO Rate and REVERSE REPO Rate to control the inflation. Now from end of this week 1st quater results will come, these results may give trend to market. Since last two weeks market is trying sustain on top. Nifty is having good chance to reach on new high, but market is waiting for some proper announcements. Now on this week keep your eyes on 5378 and 5398, If nifty close above these levels then we may see very new high very soon. Nifty support at 5218 on closing basis. If nifty close below 5218 then nifty may touch upto 5109 and more so we advise to exit from longs. Till nifty 5218 we are on bull side.

WEEKLY INDEX SUMMRY

INDEX	LAST WEEK 02-7-2010	PREVIOUS WEEK 25-6-2010	PERCENTAGE % (+/-)	POINTS (+/-)
SENSEX	17460.95	17574.53	-0.65%	-114
NIFTY	5237.10	5269.05	-0.61%	-32

The next major trigger for the market is Q1 June 2010 results of India Inc, which will start trickling in from the second week of July 2010. Advance tax collections for the first quarter of the current financial year point to a strong growth in corporate sector profits. Advance tax payments by companies during the April-June quarter account for 15% of the total advance tax payable in the fiscal year.

Investors will also closely watch the progress of the monsoon rains. The India Meteorological Department (IMD) on Thursday, 1 July 2010, forecast that there could be some improvement in the monsoon situation over north India next week. The IMD further announced that the northern limit of the monsoon, which had been remaining stationary since June 18, moved slightly northwards in north Madhya Pradesh covering Bhopal and its neighbourhood.

The monsoon was 16% below normal in June 2010. The situation was the worst in the central and the north-west parts of the country, with deficiencies of 26% and 18%. Uttar Pradesh had the maximum shortfall, with the western part of the state recording a deficiency of 82% and the eastern part 72%.

The south west monsoon is important for India as about 60% of the country's farmlands are rain-fed and more than half of the workforce is employed in the agriculture sector. The south-west monsoon usually covers the entire country by mid-July. The weather office expects monsoon rains to be at 102% of the long-period average for the current monsoon season. Good monsoon rains would help raise farm output, boost rural incomes and lower food inflation.

The Reserve Bank of India (RBI) is widely expected to increase interest rates at its policy review on 27 July 2010. It raised rates by 25 basis points each in March and in April. RBI Deputy Governor Subir Gokarn on 1 July 2010 said India's economic recovery has been strongly consolidated in the early part of 2010, but the central bank is also watching European developments in the context of its policy making.

The government's latest decision to raise fuel prices will stoke inflation, maintaining pressure on the Reserve Bank of India to tighten monetary policy. The government on 25 June 2010, raised petrol price by Rs 3.50 a litre, diesel price by Rs 2 litre, kerosene by Rs 3 litre and LPG by Rs 35 per cylinder.

The government has decided to decontrol petrol prices. The government will also eventually decontrol diesel prices, Oil Secretary S. Sundareshan said on 25 June 2010. The government will, however, continue to subsidize kerosene and LPG.

The government will unveil industrial production data for May 2010 on 12 July 2010. On 14 July 2010, the government will unveil wholesale price index data for June 2010.

The initial public offer of Hindustan Media Ventures, the publisher of Hindi daily Hindustan, opens for bidding on Monday, 5 July 2010. The company has set Rs 162-175 per share price band for the IPO. The IPO, through which the media house plans to raise up to Rs 270 crore, closes on 7 July 2010. (Data Source: Capitalmarket)

NIFTY WEEKLY CHART

WEEKLY NIFTY SUPPORT 5218 AND RESISTANCE 5378

NIFTY FUT. (5251)
Buy above 5380 Target ????
Sell below 5216 Target ????

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Rupesh Yatesh Dalal
Head Research Team

www.marketcalls.net

FREE WEEKLY MARKET FORECAST REPORT 21-06-10 TO 25-06-10 From : www.marketcalls.net

This week in market may reach to new high

Last week Sensex gained +506 points or +2.96% to 17570 and Nifty gained +142 points or 2.80% to 5262 in the week ended 18-6-2010. Last week market ends with good gain. As we told last week that bulls will take charge and see market ends on green side. Now we see nifty at previous high and more very soon. Keep your eyes on 24th June, US govt will declare meets for FED Rate. Also we advise the this the last week of F&O so safe trader sit in side or trade with strict sl only. Market will rise with very high volatility. If nifty close above 5303 then 5398 is sure and may rise more. Overall next week will be on positive side.

WEEKLY INDEX SUMMRY

INDEX	LAST WEEK 18-6-2010	PREVIOUS WEEK 11-6-2010	PERCENTAGE % (+/-)	POINTS (+/-)
SENSEX	17570.82	17064.95	+2.96%	+506
NIFTY	5262.60	5119.35	+2.80%	+142

Inflow from foreign funds will continue to dictate the trend on the domestic bourses next week as traders roll over positions in the derivatives segment from June 2010 series to the July 2010 series ahead of the expiry of the near-month June 2010 contracts on Thursday, 24 June 2010. The key global event next week is a meeting of the US Federal Reserve on interest rates.

Easing of euro zone debt worries boosted world stocks over the past few days, with Indian stocks scaling 1-1/2 month highs. Foreign funds stepped up inflows into emerging market stocks. Foreign funds bought Indian equities worth a net Rs 3250.05 crore in six trading sessions from 10 June 2010 to 17 June 2010, as per data from the stock exchanges. The net inflow totaled Rs 2161.35 crore in June 2010 so far (till 17 June 2010) compared to a massive outflow of Rs 12071.13 crore in May 2010.

Emerging-market equity funds received the second-largest net inflows this year in the week to 16 June 2010, according to the latest data from global fund tracker EPFR Global. Emerging equities funds got $2.5 billion, while emerging bond funds received $659 million in the week ended 16 June 2010.

Global risk appetite holds key with regard with inflow of foreign funds into emerging market equities. An increase in risk appetite normally triggers inflows whereas risk aversion triggers outflows. Euro zone debt worries have receded after a successful Spanish government bond auction on Thursday, 17 June 2010.

Meanwhile, the US Federal Reserve is seen reiterating its commitment to keep interest rates exceptionally low for an extended period at the end of a two-day policy meet on 22-23 June 2010.

Closer home, the progress of the monsoon will be keenly watched. Annual monsoon rains were 8% below normal in the week to 16 June 2010, the India Meteorological Department (IMD) said on 17 June 2010. The south west monsoon is important for India as about 60% of the country's farmlands are rain-fed and more than half of the workforce is employed in the agriculture sector. The south-west monsoon usually covers the entire country by mid-July. The weather office late April 2010 said rainfall is likely to be 98% of the long-term average. Good monsoon rains would help raise farm output, boost rural incomes and lower food inflation.

The market sentiment remains firm, with most Indian firms paying higher advance tax in Q1 June 2010 over Q1 June 2009. Higher advance tax payment normally indicates higher profits for the period under review. Advance tax payments by companies during the April-June quarter account for 15% of the total advance tax payable in the fiscal year.

Global rating agency Fitch recently raised India's local currency rating outlook to stable from negative as the rating agency forecast a decline in government debt to GDP ratio to 80% by March 2011 from 83% at the end of March 2010. It also upgraded India's growth forecast to 8.5% in the year to March 2011 from earlier forecast of 7% growth. (Data Source: Capitalmarket)

NIFTY WEEKLY CHART

WEEKLY NIFTY SUPPORT 5118 AND RESISTANCE 5303

NIFTY FUT. (5261)
Buy above 5304 Target ????
Sell below 5118 Target ????

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Rupesh Yatesh Dalal
Head Research Team

www.marketcalls.net

FREE WEEKLY MARKET FORECAST REPORT 07-06-10 TO 11-06-10 From : www.marketcalls.net

This week market may consolidate near current levels

Last week Sensex gained 254 points or +1.51% to 17117 and Nifty gained 69 points or +1.36% to 5135 in the week ended 4-6-2010. Last week nifty showed very good gain and closed above 5100 at 5120. Still nifty is having very big hurdle at 5120 and 5165. If nifty close above 5165 level then we may see 5300-5400 level very soon. But nifty clould not close above these levels, now in next week nifty may trade between 4900 to 5100 level. Currently nifty is having support at 5055 and 4995 level. Next week's opening may be with negative side and end may be on positive.

WEEKLY INDEX SUMMRY

INDEX	LAST WEEK 4-6-2010	PREVIOUS WEEK 28-5-2010	PERCENTAGE % (+/-)	POINTS (+/-)
SENSEX	17117.69	16863.06	+1.51%	+254
NIFTY	5135.50	5066.55	+1.36%	+69

Indian stocks scaled three-week highs on Friday, 4 June 2010, as strong automobile and cement sales in May 2010 indicated that domestic demand remains strong. The barometer index BSE Sensex jumped 1,095.21 points or 6.8% in eight trading sessions to settle at 17,117.69 on 4 June 2010 from a recent low of 16,022.48 on 25 May 2010. A recovery in world stocks aided the strong rebound on the domestic bourses. India's economy is expected to grow 8.5% in the current fiscal year that started on 1 April 2010, after expanding 7.4% in the previous year.

World stocks are hovering near 2-week highs, having recovered from a recent sell-off caused by escalating euro zone debt worries. US non-farm payroll data for May 2010 is widely expected to show recovery is gathering pace in the world's largest economy.

On tap at the beginning of next week is a meeting of an empowered group of ministers (EGoM) on Monday, 7 June 2010, to consider the Kirit Parikh committee recommendations on decontrol of fuel prices. Shares of state-run oil market companies have risen sharply over the past few days on expectations that the government may partially decontrol fuel prices. The Kirit Parikh committee had in February 2010 recommended freeing pump prices of petrol and diesel and raising kerosene prices by Rs 6 a litre and cooking gas prices by Rs 100 a cylinder.

Shares of Hindustan Unilever may remain in focus ahead of a board meeting on 11 June 2010 to consider buyback of equity shares.

Investors will eye the first installment of the corporate advance tax payment which will give some clue about Q1 June 2010 corporate results. The first installment of corporate advance tax falls due on 15 June. The combined net profit of a total of 3,556 companies rose 13.7% to Rs 87239 crore on 24.7% rise in sales to Rs 927084 crore in the quarter ended March 2010 over the quarter ended March 2009.

On the macro front, the government will unveil industrial production data for April 2010 on 11 June 2010. Industrial output in March 2010 grew in double digits for the sixth straight month, rising an annual 13.5%. The government will unveil data on inflation based on wholesale prices for May 2010 on 14 June 2010.

The progress of the monsoon will be keenly watched. The south west monsoon is important for India as about 60% of the country's farmlands are rain-fed and more than half of the workforce is employed in the agriculture sector.

Monsoon rains were 11% below normal in the week to 2 June 2010, the weather office said on Thursday, 3 June 2010. The June-September monsoon rains hit Kerala on 31 May 2010, a day ahead of schedule. The south-west monsoon usually covers the entire country by mid-July. The weather office in late April 2010 said rainfall is likely to be 98% of the long-term average. Good monsoon rains would help raise farm output, boost rural incomes and lower food inflation. The quantum of rainfall in the crucial sowing month of July and distribution of rainfall during the monsoon season holds key.

Meanwhile, a revenue bounty for the government from the sale of telecom spectrum would help bring down fiscal deficit in the current financial year. The pan-India bid license for Broadband Wireless Access (BWA) spectrum touched Rs 8980 crore on Thursday, 3 June 2010, the ninth day of the auction, which translates into revenue of Rs 26940 crore for the government from the sale of three slots. At this bid price, the total revenue for the government from the 3G and BWA auctions will amount to Rs 94659 crore.

Coming back to stocks, global risk appetite holds key for Indian equities. Euro zone debt worries caused massive outflow of foreign funds from India recently as investors shunned risk. Foreign funds sold shares worth a net Rs 286.77 crore in the first three trading sessions this month, as per data from the stock exchanges. Foreign institutional investors (FIIs) had dumped shares worth a net Rs 12071.14 crore in May 2010.

Domestic funds have bought stocks worth a net Rs 454.79 crore in the first three days this month. Domestic funds bought stocks worth a net Rs 6361.17 crore in May 2010. (Data Source: Capitalmarket)

NIFTY WEEKLY CHART

WEEKLY NIFTY SUPPORT 4920 AND RESISTANCE 5168

NIFTY FUT. (5120)
Buy above 5168 Target ????
Sell below 4996 Target ????

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- Weekly Levels are Closing Basis, so follow on clsoing time.
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Rupesh Yatesh Dalal
Head Research Team

www.marketcalls.net

FREE WEEKLY MARKET FORECAST REPORT 12-04-10 TO 16-04-10 From : www.marketcalls.net

This week market may continue its rally with high volatility

Last week Sensex gained +237 points or +1.36% to 17933 and Nifty gained +71 points or +1.35% to 5361 in the week ended 9-4-2010. This week again market made new high after year 2008. Continously 9th week market is closing on positive side. Market took good bull run as we predicted. Now 5300 is the good support for nifty on closing basis. On Wednesday holiday for Dr. Ambedkar Jayanti. Now from current level nifty may rise upto 5492 level and more with high volatility due to 4th quarter results will be announced.

WEEKLY INDEX SUMMRY

INDEX	LAST WEEK 9-4-2010	PREVIOUS WEEK 1-4-2010	PERCENTAGE % (+/-)	POINTS (+/-)
SENSEX	17933.14	17692.62	+1.36%	+237
NIFTY	5361.75	5290.50	+1.35%	+71

The market is entering an important period of quarterly earnings, with IT bellwether Infosys kickstarting the reporting season on Tuesday, 13 April 2010. The Q4 March 2010 results and management commentary on outlook could result in revision in earnings estimates of individual firms from analysts for the year ending March 2011 (FY 2011). The market sentiment remains firm due to sustained buying by foreign funds.

The key economic data on tap is industrial production for February 2010 on Monday, 12 April 2010, to be followed by inflation for March 2010 on Wednesday, 14 April 2010.

The stock market has already priced in a rate hike of at least 25 basis points in April 2010. However, a substantially stronger-than-expected industrial production data and higher-than-expected rise in inflation may fuel expectations for a 50-basis-point hike in policy rates when the central bank reviews policy on 20 April 2010. Industrial production is seen rising 16% in February 2010 from a year earlier, a tad lower than an annual rise of 16.7% in January 2010. The headline inflation for March 2010 is expected at above 10%, topping February's 9.89% rise. The Reserve Bank of India, citing inflationary pressures and an improving economy, hiked key rates by 25 basis points last month.

Foreign institutional investors (FIIs) continue to mop up Indian stocks. As per data from the stock exchanges, FIIs bought equities worth a net Rs 1535.15 crore in the first few days this month on the top of a heavy inflow of Rs 14792.32 crore last month.

Funds investing in emerging-market stocks attracted the highest inflows in six months in the week ended 7 April 2010, garnering $3.27 billion, according to EPFR Global. All four big fund groups in this category took in fresh cash, with Asia ex-Japan funds helped by gains to China equity funds which had their best week since late January 2010. China equity funds drew $190 million.

Coming back to fourth quarter results, automobile firms are seen reporting strong Q4 March 2010 results on a healthy volume growth. However, the sector is witnessing a headwind of rising input costs. Recently, Maruti Suzuki raised car prices due to a surge in input costs and shift to new emission norms from 1 April 2010. M&M, too, hiked utility vehicles prices recently.

The Society of Indian Automobile Manufacturers (Siam) expects vehicle sales in India to grow 10-15% in the fiscal year to March 2011 (FY 2011). A total of 12.3 million vehicles were sold in the country in the year ended March 2010 in FY 2010, up 26.4%, Siam data showed.

An abnormally high loan growth at the fag end of March 2010 may underpin Q4 March 2010 earnings from the banking sector. However, huge treasury gains in Q4 March 2009 could negatively impact bottom line growth due to a base effect.

As far as Q4 results of the cement sector is concerned, a positive impact of higher cement prices may be partially negated by higher power and fuel costs arising from increase in prices of domestic and imported coal, higher incidence of excise as the government increased excise duties in the Union Budget 2010-11 and higher freight cost as prices of diesel increased post budget.

Steel firms are seen reporting strong Q4 results on the back of a sharp increase in realizations and low base effect as volumes in Q4 March 2009 were hit by the global economic slowdown. Volumes at Tata Steel and JSW Energy will get additional boost from expansion in capacity.

Non-ferrous metal manufacturers, too, are seen reporting strong Q4 results due to low base effect and substantially higher realizations. However, increase in input costs could weigh on bottom line growth on a sequential basis.

Improving macro-economic environment and buoyancy in advertisement spends is expected to drive earnings growth for the media sector. Telecom, FMCG and automobiles continue to lead spending on advertisement

NIFTY WEEKLY CHART

Weekly NIFTY SUPPORT 5245 AND RESISTANCE 5402

NIFTY FUT. (5365)
Buy above 5403 Target ????
Sell below 5244 Target ????

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Rupesh Yatesh Dalal
Head Research Team

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FREE WEEKLY MARKET FORECAST REPORT 05-04-10 TO 09-04-10 From : www.marketcalls.net

This week market may continue its bullish trend

Last week Sensex gained +134 points or +0.76% to 17692 and Nifty gained +30 points or +0.57% to 5290 in the week ended 1-4-2010. This week market made new high after year 2008. As we told we are bullish on market and see nifty crossed 5303 level and reached to 5344. Now from current level nifty may rise upto 5492 level with high volatility due to 4th quater results will be announced.

Stock-specific action may rule the roost in the near term based on expectations of Q4 March 2010 results. IT bellwether Infosys kickstarts the reporting season on 13 April 2010. Strong foreign fund flows may support the market. As per data from the stock exchanges, foreign institutional investors (FIIs) bought stocks worth a net Rs 14,792.31 crore in March 2010.

At the beginging of the week Asian investors will react to the influential US non-farm payrolls data for March 2010 due on Friday, 2 April 2010, when the world stock markets are closed on account of Good Friday. Data on Wednesday, 31 March 2010, showed private-sector employment declined in the month. Asian stocks rose to an 11-week high on Thursday, 1 April 2010, as China's manufacturing industry picked up and foreign buying boosted the technology-heavy markets of Taiwan and South Korea.

Closer home, cement and steel stocks will be in focus as companies from these sectors announce their March 2010 sales figures.

Telecom stocks will also be in focus ahead of 3G spectrum auction. All the nine players, including Bharti Airtel and Reliance Communications, who had applied for participating in 3G spectrum auction, have been cleared for the financial bidding. Before the final auction on 9 April 2010, there will mock auctions on 5 April and 6 April 2010. Operators, however, can start commercial launch post 1 September 2010 only.

The forecast for the southwest monsoon for 2010 is the next major trigger for the market. Good rains this year after last year's drought will boost farm output and rural incomes. But another monsoon failure will add to inflationary pressure which in turn may hamper the current strong economic rebound.

Tokyo-based Research Institute for Global Change has predicted normal monsoon rains in India for the current year. Agriculture secretary Prabeer Kumar Basu had also told media in Delhi last week that the monsoon rains for the year will be normal. The Indian Meteorological Department (IMD) issues a monsoon forecast, usually in the second half of April after considering weather observations in different parts of the world and extrapolating statistical data.

A weakening El Nino is a positive sign for the monsoon, Ajit Tyagi, director general at the India Meteorological Department, said on 18 March 2010. The cyclical heating of the Pacific Ocean known as El Nino will continue to fade, US forecasters said this month. The weather event, which occurs every four to seven years, brings more rain to South America and less precipitation to Asia. (Curtsy : Capital market)

INDEX (WEEKLY)	THIS WEEK CLOSE 1-4-10	PREVIOUS WEEK CLOSE 25-3-10	PERCENTAGE CHANGE (%)
SENSEX	17692.62	17558.85	+0.76%
NIFTY	5290.50	5260.40	+0.34%

NIFTY WEEKLY CHART

Weekly NIFTY SUPPORT 5245 AND RESISTANCE 5345

NIFTY FUT. (5307)
Buy above 5369 Target ????
Sell below 5240 Target ????

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Rupesh Yatesh Dalal
Head Research Team

www.marketcalls.net

FREE WEEKLY MARKET FORECAST REPORT 15-03-10 TO 19-03-10 From : www.marketcalls.net

This week market may consolidate current level

Last week Sensex gained +172 points or +1.01% to 17166 and Nifty gained +49 points or +0.95% to 5137 in the week ended 12-3-2010. This week market susitained on positive side. As we told our target of 5168 is pefactly achieved. Technically from here nifty looks bullish side. we see very quickly 5240 and 5305. Nifty may touch previous top very soon.

The figures of advance tax payment by top Indian firms and inflation data for February 2010 will be in focus after strong post-Budget gains on the domestic bourses this month. Performance of global stocks will continue to have their bearing on Indian equities.

Investors will eye figures of advance tax payment by top Indian firms which will give an indication of fourth quarter March 2010 earnings. The fourth and the last installment of advance tax is due on 15 March 2010.

After the latest data showing a surge in industrial production in January 2010, the next major data is of monthly inflation for February 2010 on Monday, 15 March 2010. The headline inflation is seen surging to near 10% mark in February 2010 from a rise of 8.56% in January 2010. Food prices will be keenly watched in coming weeks for the second and third round impacts of last month's fuel price hike.

A rate hike before the next scheduled policy review in April 2010 is, however, unlikely after RBI deputy governor Subir Gokarn recently said it would be premature to take any mid-term policy action. Market men see a 25 basis points hike in the repo and reverse repo rate each by the Reserve Bank of India (RBI) at the April-2010 policy review. Higher interest rates may impact corporate and consumer confidence.

Indian equities will continue to take cues from global stocks. Investors are awaiting further insight into the state of the US economic recovery on Friday, 12 March 2010 when data on US retail sales and consumer sentiment figures will be out. The numbers are expected to indicate how big an appetite Americans have for spending.

Indian stocks witnessed a good post-Budget rally driven by sustained buying by foreign funds since the presentation of the Union Budget 2010-2011 on 26 February 2010. As per data from the stock exchanges, foreign institutional investors (FIIs) bought stocks worth a net Rs 7815.98 crore this month, till 11 March 2010.

The stock market has applauded the Union Budget 2010-2011 due to its thrust on infrastructure development, government's pledge to reduce fiscal deficit over the next three years, a smaller-than-expected 2% hike in excise duties, and reduction in taxes for individuals which will boost disposable income. The Finance Minister has assumed a modest GDP of about 8% and inflation of about 4.5% for 2010-2011.

Going ahead, the key triggers for the stock market are structural reforms such as decontrol of petrol and diesel prices, targeting of food subsidies, and financial sector reforms such as increase in foreign direct investment in insurance sector. (Curtsy : Capital market)

INDEX (WEEKLY)	THIS WEEK CLOSE 15-3-10	PREVIOUS WEEK CLOSE 5-3-10	PERCENTAGE CHANGE (%)
SENSEX	17166.62	16994.49	+1.01%
NIFTY	5137.00	5088.70	+0.95%

NIFTY WEEKLY CHART

Weekly NIFTY SUPPORT 5092 AND RESISTANCE 5240

NIFTY FUT. (5145)
Buy above 5170 Target ????
Sell below 5122 Target ????

For SL and Targets Levels - SUBSCRIBE Nifty Calls AT : www.marketcalls.net
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-Always Remember, put SL in your every trade.

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Rupesh Yatesh Dalal
Head Research Team

www.marketcalls.net