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WEEKLY 07th Feb - 11th Feb 2011

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WEEK WRAP
The 30-share BSE Sensex plunged 441.16 points or 2.39%, to close at 18,008.15 and the 50-share NSE Nifty tanked 131 points or 2.37%, to settle at 5,395.75.
However, European markets were trading 0.5% higher, at the time of closing of Indian equities. Nikkei was up 1% while other Asian markets were shut.

Anil Dhirubhai Ambani Group companies' shares Reliance Capital, Reliance Infrastructure, Reliance Power and Reliance Communications were down 1-4%.

ACC from cement space was down 1% and Ambuja Cements down 4%. Cipla, Dr Reddy's Labs and Ranbaxy Labs from healthcare segment declined 1-2%.

In midcap space, Jain Irrigation, HMT, Blue Star, S Kumars Nationwide and Peninsula Land rallied 3.5-9% while SpiceJet, Kingfisher Airlines, Nava Bharat, Man
Infra and Raymond fell 8-13%.

ASIAN & EMERGING MARKET

Japan's Nikkei gained 1.14% or 118.66 points at 10,550.02.

U.S. Calls China's Progress on Currency Gains 'Insufficient': The U.S. declined to brand China a currency manipulator while saying its No. 2 trading partner has
made “insufficient” progress on allowing the Yuan to rise.

The RBA raised its forecast for 2011 growth to 4.25 percent, from a November prediction of 3.75 percent. Consumer prices will rise 3 percent, from a previous
estimate of 2.75 percent, it said. The nation's currency surged to a one-month high as investors raised bets the central bank, which has left its benchmark
interest rate unchanged at 4.75 percent for the past two meetings, will resume increasing borrowing costs.

US MARKET
The Dow Jones industrial average closed up 29.89 points, or 0.25%, at 12,092.15, while the Standard & Poor's 500 Index finished up 3.77 points, or 0.29%, at
1,310.87. The Nasdaq Composite Index rose 15.42 points, or 0.56%, at 2,769.30.

US crude oil prices fell nearly USD 2 in volatile trade on talk that Egyptian President Hosni Mubarak was about to step down. The speculation was based on a
television report that later appeared to be unfounded, but oil prices, which had been rising this week on the unr est in Egypt, remained lower.

e job gains were only one quarter of the 145,000 economists had expected, but the jobless rate was better than the forecast that it would tick up to 9.5%.

The dollar also gained against other major currencies, with the US Dollar Index up 0.38%. Against the Japanese yen, the greenback strengthened 0.77% to 82.22.

MICRO ECONOMIC FRONT

Prime Minister Manmohan Singh called for wide-ranging systemic reforms to tackle rising food prices and said inflation was a “serious threat to the growth
momentum”, on a day the markets betrayed similar concerns.

India's food inflation accelerated for the second straight week on rising prices of onions, putting pressure on headline inflation and reinforcing expectations of
more monetary action this year to tame inflationary expectations.

India's coal imports are likely to jump 70% in the next fiscal, higher than the previous estimate of a 25% rise, as delays in environmental clearances has hit
mining projects, coal minister Sriprakash Jaiswal said. The country is likely to import 142 million tonnes in 2011-12, much larger than the 104 million tonnes
shortfall indicated by the minister just two months back.

1 | JANUARY 2011 | www.capitalvia.com

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WEEKLY 07th Feb - 11th Feb 2011

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NIFTY WORLD INDICES

NIFTY Properties Values World Indices Close Weekly Chg Points % Chg

Weekly Open 5452.55 Sensex 18008.15 -227.3 -1.24%

Weekly High 5556.30 Nifty 5395.75 -56.08 -1.04%

Weekly Low 5369.05 DOW Jones 12092.15 +264.85 +2.19

Weekly Close 5395.75 Shanghai Comp. 2799.40 +46.65 +1.69

Weekly Chg Points -56.8 Nikkei 10543.52 +183.18 +1.76%

Weekly Chg% -1.04% CAC 40 4047.21 +44.89 +1.12%

FTSE 5997.38 +115.98 +1.97%

SECTORIAL INDICES
Indices Open High Low Close

BANK NIFTY 10444.35 10772.45 10385.90 10433.85

CNX NIFTY JUNIOR 10767.70 10990.90 10604.15 10727.85

S&P CNX 500 4394.85 4460.35 4322.75 4339.55

CN XIT 6990.75 7063.30 6824.20 6850.65

CNX MIDCAP 7781.05 7971.45 7723.55 7751.30

CNX 100 5362.60 5458.55 5282 5305.65

GAINERS LOSERS
Scrip GAINERS
Current Close Change Chg % Scrip Current Close Change Chg %

C MAHENDRA 170.05 133.40 27.47 OSWALCHEM FRT 32.70 45.55 -28.21

SAK SOFT 63.65 51.25 24.19 SRI CHAM.SUG 43.60 59.90 -27.21

AGRE DEVELOP 62.40 51.35 21.51 KIRL.BRO.INV 538.85 720.25 -25.18

RS SOFTWARE 49.00 40.45 21.13 NELCAST 84.85 109.20 -22.29

RUCHI INFRAST 24.30 20.30 19.70 JAIN IRRIGATN 177.70 228.25 -22.14

DII’S INVESTMENTS FII’S INVESTMENTS

Indices Buy Value Sell Value Net Value Indices Buy Value Sell Value Net Value

27-Jan-2011 599.50 907.20 -307.70 04-Feb-2011 2669.40 2007.60 661.80

02-Feb-2011 914.50 449.00 465.50 03-Feb-2011 3087.10 3133.20 -46.10

01-Feb-2011 421.10 643.80 -222.70 02-Feb-2011 3453.70 3879.40 -425.70

01-Feb-2011 2592.50 3493.00 -900.50

1 | DECEMBER 2010 | www.capitalvia.com

2 | JANUARY 2011 | www.capitalvia.com
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WEEKLY 07th Feb - 11th Feb 2011

Global Research Limited

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WEEK AHEAD SPOT NIFTY

TECHNICALS
Figure: 1 Nifty Weekly

Properties Values
Support 1 5350
Support 2 5300
Resistance 1 5566
Resistance 2 5622

NIFTY Futures closed at 5382, down 156.95 or 2.83 %. It is looking bearish in the coming trading session if it manages to break the
support level of 5350 else above 5566 it would be in a bullish trend.

WEEK AHEAD BANK NIFTY

TECHNICALS
Figure: Bank Nifty Weekly

Properties Values
Support 1 10385
Support 2 10272
Resistance 1 10760
Resistance 2 10850

Bank Nifty Futures closed at 10404, down 297.70 points or 2.78 %.In bank sector majority of stocks was down by 2%- 3%, Vijay bank,
Syndicate Bank and ICICI bank lead the row. It is looking bearish in the coming trading session if it manages to trade below the support
of 10385 else it has resistance at 10760 above this level it would be bullish in trend.

3 | JANUARY 2011 | www.capitalvia.com

>>
WEEKLY 07th Feb - 11th Feb 2011

Global Research Limited

STOCKS REPORT>>
MARKET Markets Plunge -
this Week No Respite from Bears

Stock of the
Week >> ICICI BANK LTD.
SELL

Symbol ICICIBANK (NSE)

Company Name ICICI BANK LTD.

Price ` 996

Change ` -31

Volume 3506122

52 Week High 1279

% From High -3.75%

Day High 1034.75

EPS 40.88

TECHNICAL PICTURE
TECHNICALS
Indices ICICI BANK FUTURE
Support 988

Resistance 1012

ICICI Bank Future is technically weak in the charts. 988 is the important support level on the downside which if broken it can see

further downfall. We recommend to Sell ICICI Bank Future below 988 for targets of 971/955 with stop loss of 1012.

4 | JANUARY 2011 | www.capitalvia.com

>>
WEEKLY 07th Feb - 11th Feb 2011

Global Research Limited

STOCKS REPORT>>
MARKET Markets Plunge -
this Week No Respite from Bears

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