Global Research Limited

EQUITY
Market
Week : July 25th to 29th July 2011

REPORT

WEEKLY
Analyst Speak

Nifty Hovered Around 55505650, Major Hurdle At 5670

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Week : July 25th to 29th July 2011

Week : July 25th to 29th July 2011

Global Market News

Weekly Wrap
The markets ended on an upbeat note following positive news of Greece bail out by European Union and gains in banking shares after Axis Bank reported better than expected results. The Nifty opened in the green at 5,577 and moved steadily higher, underpinned by rally in front-line banking stocks - Axis Bank, ICICI Bank and Punjab National Bank. The index touched a high of 5,642 in the afternoon session and ended near day's high at 5,634, up 92 points. The Sensex rallied 286 points, at 18,722. On the global front, the second bail out of Greece by European Union at $1.57 billion pepped up risk appetitive for equities and indices across Asia notched over 1% gains. Japan's Nikkei Stock Average gained 1.2%, Hong Kong's Hang Seng Index jumped 2.1% and China's Shanghai Composite surged 0.2%.

Global Market Analysis

NIFTY
NIFTY Properties Weekly Open Weekly High Weekly Low Weekly Close Weekly Chg Points Weekly Chg% Values 5581.75 5645.40 5532.70 5633.95 +52.2 +0.93%

World Indices
World Indices Sensex Nifty DOW Jones Shanghai Comp. Nikkei CAC 40 FTSE Close 18722.30 5633.95 12681.61 2770.79 10132.11 3842.70 5935.02 Weekly Chg Points -160.38 +52.02 -201.88 +49.38 +157.64 +116.11 +91.32 % Chg -0.86% +0.93% -1.61% +1.75% +1.58% +3.11 +1.56%

Asian & Emerging

Asian stocks down amid US debt, euro uncertainty : Asian stock markets were mostly down Thursday as uncertain traders watched for progress in raising the U.S. government debt limit and talks on Europe's debt crisis. Nikkei holds gains around 10,000 before EU summit : The Nikkei stock average on Thursday held on to most of the strong gains made the day before, bolstered by hopes that a debt deal for Greece will be struck at an EU leaders' summit but capped near 10,000 by worries about the U.S. debt ceiling. China shares end up 0.2 pc, cautious mood prevails : China's main share index closed up 0.2 percent on Friday in thin volume, underlining investors' cautious mood over a slowing economy although securities companies were strong.

Sectorial Indices
Indices BANK NIFTY CNX NIFTY JUNIOR S&P CNX 500 CN XIT CNX MIDCAP CNX 100 Open 11275.00 11399.75 4515.00 6351.10 8175.60 5512.40 High 11385.35 11485.65 4560.30 6368.55 8247.95 5570.40 Low 10941.30 11123.20 4469.95 6286.50 8035.05 5451.40 Close 11234.55 11278.45 4544.30 6438.50 8153.90 5546.05

US Market
Wall Street: US stocks edge lower on Caterpillar earnings miss : A big earnings miss from Caterpillar halted a stock rally that brought the Dow Jones industrial average close to its highest level of the year. The Dow has gained more than 200 points this week. It opened Friday 86 points below its high for the year of 12,810.54, which came on April 29. China's stocks were hurt by a report Thursday that Chinese manufacturing activity fell to a 28-month low in July following repeated rate hikes and other measures to cool an overheated economy. HSBC Corp.'s

Gainers
Scrip TTK HEALTH ATLAS CYCLE RUBY MILLS OCL IRON Current Close 641.45 410.80 1,076.95 53.85 379.40 Change 406.95 269.65 741.60 39.30 285.95 Chg % 57.62 52.35 45.22 37.02 32.68

Losers
Scrip RALLIS INDIA ORICON ENTER HDFC BANK CRAVATEX BHUWALKA STL Current Close 145.15 59.80 496.30 375.75 28.75 Change 1,523.75 304.45 2,515.65 778.15 52.60 Chg % -90.47 -80.36 -80.27 -51.71 -45.34

Micro Economic Front

Food inflation slips to 7.58% for July 9 week : Food inflation fell to a three-week low of 7.58% for the week ended July 9 on the back of cheaper pulse prices and a high base last year. According to Ministry of Statistics and Programme Implementation's latest analysis of 560 such projects worth over Rs 150 crore under review, the anticipated cost would be Rs 1,24,616.11 crore higher than the original estimates. A foreign retailer, however, will have to commit at least $100 million investment, and 50% of FDI component have to be deployed in the back-end infrastructure, like warehousing and cold storage, sources said.

AVT NATURAL

DIIs Investment
Indices 21-Jul-2011 20-Jul-2011 19-Jul-2011 18-Jul-2011 Buy Value 696.20 634.20 393.50 382.00 Sell Value 490.00 651.10 502.00 302.50 Net Value 206.20 -17.00 -108.50 79.50

FIIs Investment
Indices 22-Jul-2011 21-Jul-2011 20-Jul-2011 19-Jul-2011 18-Jul-2011 Buy Value 1,952.90 1,880.70 1,981.80 1,969.50 1,656.80 Sell Value 2,124.90 1,911.80 1,564.30 2,022.20 1,511.90 Net Value -171.90 -31.10 417.50 -52.70 144.90

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Week : July 25th to 29th July 2011

Week : July 25th to 29th July 2011

Weekly Analysis
Spot Nifty

Observation

Expert

Stock Of The Week

Observation

Expert

TECHNICAL OVERVIEW Nifty Futures shut stop at 56445.55 up by 101.35 or 1.83 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5670 else below support level of 5570 it would be in a downward trend.

TECHNICAL LEVELS
Properties Support 1 Support 2 Resistance 1 Resistance 2 Values 5570 5490 5670 5790

Weekly Chart

ANALYST RECOMMEND

BUY
EVERONN EDUCATION
Symbol
EVERONN (NSE)

Bank Nifty

Company Name
EVERONN EDUCATION LTD.

Price
`557.50

Change
`5.25

Volume
177042

52 Week High
756

% From High
-26.25%

Day High
563.80

EPS
38.34

Weekly Chart

Stock Analysis
TECHNICALS
EVERONN EDUCATION IS IN CONSOLIDATION PHASE FROM LAST
Indices
EVERONN EDUCATION

TECHNICAL OVERVIEW Bank Nifty Futures shut stop at 11310.60 up by 243.15 or 2.20 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11405 else below support level of 11110 it would be in a downward trend.

TECHNICAL LEVELS
Properties Support 1 Support 2 Resistance 1 Resistance 2 Values 11110 10975 11405 11500

WEEK AND FORMING HIGHER BOTTOM PATTERN, IF IT MANAGES TO SUSTAIN ABOVE 563. IT WILL TAKE UP MOVE .WE RECOMMEND TO BUY EVERON EDUCATION IN NSE IN CASH ABOVE 563 TARGET 553 WITH STOPLOSS OF 574,581.

Support Resistance

553 563

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Week : July 25th to 29th July 2011

Week : July 25th to 29th July 2011

CAN SLIM
WHY CAN SLIM?
CAN SLIM is a formula created by William J. O'Neil, who is the founder of the Investor's Business Daily and author of the book How to Make Money in Stocks - A Winning System in Good Times or Bad. Each letter in CAN SLIM stands for one of the seven chief characteristics that are commonly found in the greatest winning stocks. The C-A-N-S-L-I-M. characteristics are often present prior to a stock making a significant rise in price, and making huge profits for the shareholders! O'Neil explains how he conducted an intensive study of 500 of the biggest winners in the stock market from 1953 to 1990. A model of each of these companies was built and studied. Again and again, it was noticed that almost all of the biggest stock market winners had very similar characteristics just before they began their big moves.

S
Supply and Demand: Shares Outstanding Plus Big Volume Demand.
Primary Factors EVERONN EDUCATION LTD. is a mid cap stock consisting of Rs. 1054 crores Shares Outstanding (Total Public Shareholding)

L
Leader or Laggard: Which is your stock?
Primary Factors

EVERONN EDUCATION LTD. is a leading stock with a relative strength above 47.97% in Weekly and 58.07% in Daily.

KEY STATISTICS

C
Current Quarter Earning per Share. The Higher The Better.
Primary Factors Almost 29.92% increase in Q o Q Earnings.

I
Institutional Sponsorship: Follow the Leaders.
Primary Factors Approximately 29.17% of Shares are held by the Institutional Investors (FIIs, Mutual Funds etc.)

M A
Annual Earnings Increases: Look for a significant growth.
Primary Factors Annual Earnings showed an increment of 68.11% Y o Y.

Market Direction
Primary Factors If Market continues to remain in a secular uptrend, hence overall conditions are appropriate to initiate long position in the stock: A Big plus for the Stock.

Disclaimer
The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most.

N
New Products, New Management, New Highs, Buying at Right Time.
Primary Factors EVERONN EDUCATION LTD. is set to have a breakout as it is being consolidating with positive biasness from last many trading sessions

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