VCPL EQUITY RESEARCH

W E E K LY REPORT

VA R DH A M A N CA P I TA L P V T.LT D .
* N S E
30TH JUNE,2012

*BS E

* M C X

*N SDL *

Movement of Major Indian Indices for the week ended 29th June 2012

Movement of Major Global Indices for the week ended 29th June 2012

INDEX Nifty Sensex RS VS $ Brent Crude

OPEN 5158.50 17038.77 57.13 91.36

HIGH 5286.25 17448.48 57.25 98.25

LOW 5095.50 16815.87 55.50 89.62

CLOSE 5278.90 17429.98 55.51 97.62

% CHANGE 2.58 2.70 -2.84 6.82

INDEX Dow Nasdaq Dax Shanghai

OPEN 12536.00 2863.89 6234.80 2253.51

HIGH 12903.00 2935.13 6416.50 2253.51

LOW 12445.50 2818.19 6096.50 2188.72

CLOSE 12880.09 2935.05 6416.28 2225.43

% CHANGE 1.89 1.47 2.44 -1.57

Weekly Review - Nifty

We stated in our report dated 23rd June, 2012 that market had bias towards bullishness with high volatility. The range of the market was 50005200. Nifty remain in this range during four trading sessions of the week and
Nifty Support and Resistance for the forthcoming week

after giving Doji like pattern on Wednesday and Thursday took a powerful rally and shoot up by 130 points on positive move by European Summit and favourable comments on GAAR by the Finance Minister.

Comments & Outlook

R2 5411

S2 5029

S1 5154

PIVOT 5220

R1 5345

Technical calls for the week 2nd July to 6th July 12 (Amount in Rs.)

STOCKS

STRATEGY

ENTRY

STOP LOSS

TARGET

EXPECTED RETURN (%)

DCB (42.80) HITACHI (115.50) BHEL (232.45) HDFCBANK (563.55)

BUY

42.00

40.50

46.00

9.52

BUY BUY BUY

115.00 232.00 563.00

110.00 223.00 552.00

125.00 247.00 580.00

8.70 6.47 3.02

Use Trailing Stop Loss Concept

Nifty crossed its last weeks resistance level two of 5274, made high of 5286 and closed at 5278.90. Nifty decisively crossed its range bound movement (50005200) of last 16 sessions and closed far above than its 200 days EMA which was at 5148. Now 5190 should be a good support for Nifty. In this move it has potential to achieve the targets of 5380, 5500 & 5630 over a period of time in case it holds 5200 for few sessions. Nifty opened with a gap on Friday and the gap from 5159 to 5189 remained unfilled. Therefore this area

should be an intraday support area for Nifty in its downward move. Nifty is likely to go up further in the coming week. Weekly RSI is in normal range at 55.75 and Stochastic Oscillator is in overbought area at 95.53.

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Institutional Turnover_ Cash Segment for the week ended 29th June 2012

FII Derivatives Statistics for the week ended 29th June 2012

Particulars Total FII (Rs. in cr.) Total DII (Rs. in cr.)

Buy 13342.57 5498.44

Sell 11156.22 5320.72

Net 2186.35 177.72

Particulars Total Net (Rs. in cr.) Total OI (Rs. in cr.)

Index Futures 2963.23

Index Options 4709.51

Stock Futures -1187.29

Stock Options 65.78

73349.00 213803.36 118909.30 4478.98

OI = Open Interest

FII = Foreign Institutional Investor DII = Domestic Institutional Investor

F&O Trends

Long Build UP: Rise in Price Rise in OI

Long Unwinding: Fall in Price Fall in OI

Company Name NCC GMRINFRA JINDALSTEL TVSMOTOR

Change in Price 13.10 8.93 8.51 7.13

Change in OI 11.25 6.89 1.45 8.44 -

Company Name

Change in Price -

Change in OI -

Short Covering: Rise in Price Fall in OI

Short Build Up: Fall in Price Rise in OI

Company Name RECLTD STER BHEL INDIANB

Daily Change on Friday in %

Change in Price 5.10 4.92 4.87 4.76

Change in OI -3.93 -0.08 -0.02 -3.14

Company Name ONMOBILE CAIRN PETRONET BPCL

Change in Price -7.50 -3.84 -0.86 -0.75

Change in OI 68.43 99.06 23.89 17.51

Weekly Top Gainers on Nifty Stocks

Weekly Top Losers on Nifty Stocks

Co_Name Tata Power Co. Jindal Steel Maruti Suzuki ICICI Bank Tata Steel

Close (29.06.12) (Rs.) 104.70 470.35 1169.75 899.50 441.45

Close (22.06.12) (Rs.) 94.50 433.95 1102.10 851.70 418.60

% Movement 10.79 8.39 6.14 5.61 5.46

Co_Name Cairn India BPCL Tata Motors Bharti Airtel Hind. Unilever

Close (29.06.12) (Rs.) 307.55 743.95 242.45 305.05 454.50

Close (22.06.12) (Rs.) 326.10 763.15 247.10 310.90 460.30

% Movement -5.69 -2.52 -1.88 -1.88 -1.26

VARDHAMAN CAPITAL PVT.LTD.

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Sector Indices Movement vis--vis The BSE Sensex

To study the participation of various sectors in the recent rally of the market, we have analyzed the movement of the sectoral indices in comparison to the movement in BSE Sensex which will give a fair idea of sectors which the market has fancied and others which were not able to drive the attention of investors.

Front Runners
The BSE Sensex moved up by 2.70% in a week (From 22nd June - 29th June 2012), whereas the sectoral indices like Power, Metal, Bankex and CG in the same period went up by 4.96%, 4.26%, 3.01% and 2.95% respectively. Hence, these indices have outperformed in comparison to Sensex.

Laggards
The BSE HC, FMCG, PSU, Oil & Gas, Realty, IT, Teck, Auto and CD indices rose by a marginal figure of 2.60%, 2.39%, 2.38%, 2.29%, 2.27%, 1.79%, 1.54%, 1.28% and 0.54% respectively in the period of 22nd June - 29th June 2012, while BSE Sensex showed an upward move of around 2.70%. In other word, these indices were underperformer in comparison to Sensex.

Disclaimer: All reasonable care has been taken to ensure that the information contained herein is not misleading or untrue at the time of publication, but we make no representation as to its accuracy or completeness. All information is for the private use of the person to whom it is provided without any liability whatsoever on the part of VCPL, any associated company, or employee thereof. Nothing contained herein should be construed as an offer to buy or sell or a solicitation of an offer to buy or sell. The value of any investment may fall as well as rise. Past performance is no guide to the future.

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