Technical Call

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Aug 24, 2010

Technical Call

Technical Call | 1www.nirmalbang.com

Nifty traded within a tight range throughout the day and ended on a very flat note. Nifty has shown spectacular rally in past

few days therefore we might witness consolidation taking place in the absence of fresh trigger. The trend remains very

strong until Nifty holds above 5,475 in the near term. The 5 and 20 DMA of Nifty at 5,498 and 5,449 respectively could act

as an immediate support and strong resistance continues to be at 5,555. Fresh momentum could be seen only if Nifty holds

above 5,555 till then stock specific action continues to be the street limelight.

MARKET REVIEW

NIFTY TECHNICAL OUTLOOK

The markets consolidated throughout the day and ended on a very flat note. Huge buying was seen in Oil & Gas counters

while Banking, Metal and It counters ended on flat note. The BSE Sensex closed at 18,409 up 7 points after making a high

of 18,454 and the NSE Nifty closed at 5,543 up 12 points after hitting an intra-day high of 5,549. The Nifty August futures

ended at 9 points discount. The midcap and small cap indices were up by 0.94% and 0.84% respectively. The breadth of

the market was strong and the total turnover recorded at Rs.1,17,248 Cr.

MOVING AVERAGES (TREND INDICATORS)

5 DAY SIMPLE MOVING AVERAaGE 5498 POSITIVE

20 DAY SIMPLE MOVING AVERAGE 5449 POSITIVE




NIFTY FUTURES CHART

CLOSE : 5,534 - TREND POSITIVE

Comment : Nifty hold firmly above the 5,500

mark after a strong breakout

above the 5,475 level. Trend is

Positive buy on decline and hold

with a stop-loss 5,445 for a

target of 5,585 / 5,620 / 5,700.

Trend will turn negative only

below 5,416.


Aug 24, 2010

Technical Call


BHEL FUT

CMP : 2,502

Comment : Buy and hold from a short term

trading perspective keeping a

stop-loss of 2,470. Huge

volumes witnessed and the

structure looks very positive. The

technical oscillators RSI and

Stochastic are giving a positive

indication of a rally emerging.

Immediate target 2570 / 2660.

Stop-loss: 2470

Action : Short term trading call

Targets : 2570 / 2660

JSW STEEL FUT

CMP : 1,164

Comment : Buy and hold with a short term

trading perspective keeping a

stop-loss of 1148 / 1137.

Volumes are picking up and the

stock is showing signs of revival.

Immediate target could be 1185 /

1205 / 1230.

Stop-loss: 1148 / 1137

Action : Short term trading Call

Targets : 1185 / 1205 / 1230


Aug 24, 2010

Technical Call


Disclaimer: This Document has been prepared by Nirmal Bang Research (A Division of Nirmal Bang Securities PVT LTD). The information, analysis and estimatescontained herein are based on Nirmal Bang Research assessment and have been obtained from sources believed to be reliable. This document is meant for the use of theintended recipient only. This document, at best, represents Nirmal Bang Research opinion and is meant for general information only. Nirmal Bang Research, its directors,officers or employees shall not in anyway be responsible for the contents stated herein. Nirmal Bang Research expressly disclaims any and all liabilities that may arise frominformation, errors or omissions in this connection. This document is not to be considered as an offer to sell or a solicitation to buy any securities. Nirmal Bang Research,its affiliates and their employees may from time to time hold positions in securities referred to herein. Nirmal Bang Research or its affiliates may from time to time solicitfrom or perform investment banking or other services for any company mentioned in this document.

DAILY UPDATE August 24, 2010

s

BSE NSE

Open 18400.3

Open 5531.2 High 18454.4 High 5549.8 Low 18371.0 Low 5519.4 Close 18409.4 Close 5543.5 Change 7.5 Change 12.9 Volume (Lacs) 4533 Volume(Lacs) 6925 Turnover (Rs.inCr) 5677

Turnover(Rs.in Cr) 13928

World Markets 23-Aug 20-Aug Pt. Chg Var(%) MARKET PREVIEW Equities: US:- Stocks declined on Tuesday as speculation that the economy may slip into another recession offset investor optimism. Housing, which brought the U.S. out of seven of the last eight recessions, may help kill the recovery as home sales collapse after a federal tax credit for buyers expired in April. Sales of existing homes in July tumbled 12.9 percent from June; the biggest monthly loss of 2010, a report tomorrow by the National Association of Realtors will probably show, according to the median estimate of economists surveyed by Bloomberg. Asia:- Asian stocks fell, as Japan’s Nikkei 225 Stock Average entered a bear market, on speculation a U.S. home sales report due later today will provide more evidence the world’s largest economy is faltering. Canon Inc., which gets 28 percent of its revenue from the Americas, declined 1.4 percent in Tokyo as a strengthening yen threatened to erode Japan’s export earnings. BHP Billion Ltd., the world’s largest mining company, sank 1.4 percent in Sydney as oil and metal prices declined. The MSCI Asia Pacific Index sank 0.7 percent to 117.55. Indian:- Sensex ended Monday's choppy session marginally in the green at 18,409.35, up 7.35 points or 0.04%. The 30-share BSE index saw a high of 18,454.38 versus a low of 18,371.02 intraday. For today we expect market to open on a negative note on the back of anticipation of weak economic data from the US. Economy:-. Housing led the U.S. out of seven of the last eight recessions. This time, it may kill the recovery. Home sales collapsed after a federal tax credit for buyers expired in April. Since then, the manufacturing-led expansion, which began in the second half of 2009, has been waning, with jobless claims rising and factory orders falling. Spending on home construction and items such as furniture and stoves accounted for about 15 percent of gross domestic product in the second quarter, according to West Chester, Pennsylvania-based Moody’s Analytics. Currency: The Indian rupee was largely steady on Monday afternoon as mild gains in shares and broadly strong regional peers helped sentiment, but further gains were capped amid sustained risk aversion globally. Commodity- Oil stayed close to a six-week low below $74 a barrel as bulging U.S. inventories and a lack of hurricane activity in the Gulf of Mexico countered a weaker dollar. The market gained support from the weaker U.S. dollar, which makes oil cheaper for holders of other currencies, and from a firmer start to trading by European equities.

Dow 10174 10214 -39.2 -0.38% Dow Futures 10130 10157 -27.0 -0.27% Nasdaq 2160 2180 -20.1 -0.92% FTSE 5235 5195 39.6 0.76% Nikkei 9009 9117 -107.9 -1.18% Hang Seng 20800 20889 -88.8 -0.42% SGX CNX Nifty 5520 5534 -14.0 -0.25% Straits Singapore 2924 2926 -2.2 -0.07% South Korea 1760 1768 -7.3 -0.41% Taiwan 7963 7976 -13.4 -0.17% Brasil Bovespa 65982 66677 -695.3 -1.04% Commodity Prices 23-Aug 20-Aug Chg. Var(%) Copper ($/MT) 7255 7260 -5.0 -0.1% Alumin ($/MT) 2040 2066 -26.0 -1.3% Zinc ($/MT) 2044 2058 -14.0 -0.7% Tin ($/MT) 20460 20650 -190.0 -0.9% Gold ($/Ounce) 1226.9 1229.0 -2.10 -0.2% Silver ($/Ounce) 18.01 18.04 -0.03 -0.2% Light Crude ($/bbl) 73.10 73.82 -0.72 -1.0% N G ($/mmbtu) 4.12 4.19 -0.07 -1.7% Sugar ($/MT)-Aug'07 579.30 575.00 4.30 0.7% Rubber (Rs./kg) 173.50 174.00 -0.50 -0.3% Baltic Dry Index 2841 2756 85.00 3.1% FII All Activity (Rs. Cr) Buy Sell Net 17-Aug-10 2782 2223 558 18-Aug-10 3153 2637 516 19-Aug-10 NA 20-Aug-10 7201 4546 2655 23-Aug-10 2622 1908 714 Month to date-August 47969 37292 10677 FII (Pro) (Rs. Cr) Buy Sell Net 17-Aug-10 3143 2739 404 18-Aug-10 3119 2444 675 19-Aug-10 3030 2209 821 20-Aug-10 2611 1948 663 23-Aug-10 2412 2094 318 Month to date-August 44880 37533 7347 DII (Prov.) (Rs. Cr) Buy Sell Net 17-Aug-10 1188 1588 (400) 18-Aug-10 1579 1693 (114) 19-Aug-10 1303 1088 215 20-Aug-10 1122 1224 (102) 23-Aug-10 1250 1409 (160)

Month to date-August 19223 22532 (3309)


FII Derivative Transactions (Rs. In Cr) Contracts Purchase Sell Net Open Interest (OI) OI(Previous day) Change Contract Value Contract Value Value Contract Value Contract Value Contract Value Index Future 136319 3769 158472 4379 -610 683443 18915 677264 18684 6179 231 Index Option 229695 6204 147636 3978 2225 2643965 73284 2546406 70416 97559 2869 Stock Future 243029 6894 240745 6806 88 1419199 39683 1412139 39395 7060 289 Stock Option 10356 350 10496 351 -1 66564 2051 67315 2061 -751 -11 Total 619399 17217 557349 15514 1702 4813171 133933 4703124 130555 110047 3377.6 BSE Index Watch 23-Aug 20-Aug Var (%) CORPORATE

Mahindra signs MoU to acquire Ssangyong Mahindra & Mahindra (M&M) has signed an agreement to acquire a majority stake in beleaguered South Korean auto manufacturer Ssangyong Motor Company (SYMC). The country’s largest sport utility vehicle (SUV) maker, which was declared as the preferred bidder by SYMC earlier this month, said it would conduct a detailed due diligence process and also finalise on definitive agreements for the purchase. (BS)

Tata Global Beverages may diversify into food business Tata Global Beverages (TGB), previously known as Tata Tea, may diversify into food business. The company is looking at a $5 billion sales revenue and 15 percent Earnings Before Interest and Tax (BIT) by 2015. The company is looking at growing in the core tea market in the ongoing financial year (2010-11) and build scale in the US and Russia. It is also planning to expand across beverage categories in India. (ET)

ONGC-OIL-Gail may counter Vedanta offer State-owned ONGC, OIL and Gail may make a joint bid to counter Vedanta Resources’ $8.48 billion offer for majority stake in Cairn India, and have already got $10 billion in loan committments from international banks for the move. Oil Ministry is believed to be uncomfortable with billionaire Anil Agarwal-owned Vedanta Group buying 51-60 per cent of Cairn India for $8.48 to $9.6 billion and has asked Oil and Natural Gas Corp (ONGC), Oil India (OIL) and Gail to cobble up a joint bid to rival the London-listed miner. (BS)

NTPC to float global offer to acquire equity stakes in coal assets Instead of going out and hunting for coal assets, the country’s largest power producer, NTPC, has decided to invite offers from foreign miners that may be on the lookout for strategic investors. The change in strategy comes after NTPC’s efforts to acquire strategic coal assets overseas through negotiated equity and acquisition deals have not seen much success. The company will soon float a global offer to acquire equity stakes in coal assets through an expression of interest (EoI). (ET)

Cairn India strikes oil, gas in K-G basin Cairn India Ltd has struck oil and gas in an onshore block in the Krishna-Godavari basin, in Andhra Pradesh. The discovery of oil and gas in the Nagayalanka-1z well in block KG-ONN-2003/1 has been notified to upstream regulator Director General of Hydrocarbons. The above block was awarded under the fifth round of New Exploration Licensing Policy. Cairn Energy India Pty Ltd (CEIPL), a wholly-owned subsidiary of Cairn India, is the operator of the block with a 49 per cent participating interest while ONGC holds the remaining 51per cent. (BS)

SENSEX 18,409 18,402 0.04% MIDCAP 7,887 7,821 0.84% SMLCAP 9,968 9,876 0.94% AUTO 8,915 8,875 0.46% BANKEX 12,598 12,527 0.56% Capital Goods 14,965 14,888 0.52% FMCG 3,340 3,375 -1.04% Health Care 5,647 5,611 0.65% IT 5,548 5,517 0.56% METAL 15,482 15,426 0.36% Oil & Gas 10,230 10,209 0.21% Power 3,115 3,096 0.60% Realty 3,701 3,695 0.16% Market Breadth BSE % NSE % Advance 1738 57% 842 59% Decline 1216 40% 551 39% Unchanged 99 3% 38 3% Market Turnover 23-Aug 20-Aug Var (%) BSE Cash 5677 5231 8.5% NSE Cash 13928 14197 -1.9% NSE F & O 97657 93077 4.9% Total (Rs.in Cr) 117262 112505 4.2% Index PE 23-Aug Yr. High Yr. Low Sensex 21.86 22.68 19.09 Nifty 23.29 23.59 19.68 Support/ Resistance Sensex Nifty Support 18369 5518

18328 5503 Resistance 18452 5546 Volatility Index 23-Aug-10 20-Aug-10 Volatility Index 17.14 16.70 Top 5 Nifty Gainers 23-Aug 20-Aug Var(%) BPCL 776 699 11.07% JINDALSTEL 710 689 2.96% CIPLA 317 310 2.32% BHARTIARTL 317 310 2.27% ONGC 1283 1259 1.91% Top 5 Nifty Losers 23-Aug 20-Aug Var(%) RELINFRA 1045 1070 -2.35% JPASSOCIAT 121 124 -2.18% ITC 160 163 -1.97% HINDALCO 176 179 -1.68% HDFC

630 640 -1.62%


Currency Exchange Rate 23-Aug 20-Aug Net Larsen and Turbo bags Rs 1195 cr deal from ONGC Engineering and construction major Larsen and Turbo (L&T) on Monday said it has won two projects worth Rs 1,195 crore from state-run Oil and Natural Gas Corporation to upgrade infrastructure at its Hazira and Uran complexes in Gujarat. The project involves setting up of additional processing units to enhance the gas production at the Uran unit by five million metric standard cubic meter per day (MMSCMD) and the Hazira unit by 5.6 MMSCMD. (ET)

Greaves Cotton to set-up plant in Aurangabad Greaves Cotton, one of India's leading engineering companies, is setting up a state-of-the-art greenfield plant in Shendra, an industrial area of Aurangabad in Maharashtra. The initial investment in the plant of Rs 60-crore will go up to Rs 100 crore in stages and the plant will have a capacity of 80,000 engines per annum which will eventually be scaled-up to meet industry demands. (ET)

ECONOMY

Plancom wants rethink on coal e-auctioning Exceptionally high prices are being realised at e-auction due to increasing shortfall in supply. Exceptionally high prices being realised at e-auction of coal due to an increasing shortfall in supply have forced the Planning Commission, the government’s apex advisory body, to push for a rethink on the e-auctioning. The mechanism of allocating coal through e-auction was introduced by the government over four years back with a view to ensure adequate coal supply to the non-core sector and traders at “market-determined price”. (BS)

Nationalised banks accounted for 50.5% of credit in 2008-09 Nationalised banks accounted for 50.5 per cent of the total credit given out by scheduled commercial banks in the country at over Rs 14,36,769 crore in 2008-09, says a report by the Reserve Bank. According to a report by the Reserve Bank, while the share of nationalised banks in total credit went up, that of the foreign banks went down to 5.9 per cent as on March 31, 2009, from 6.7 per cent in the previous fiscal. (ET)

JNNURM expansion stalled as Plan panel cites resource constraints The Union urban development ministry’s bid to expand the government’s flagship Jawaharlal Nehru National Urban Renewal Mission (JNNURM) has been stalled by the Planning Commission. Though the ministry wanted to extend the scheme to 28 more cities, the Plan panel cited “resource constraints” due to various big-ticket projects in the social and rural sectors. The Planning Commission has also directed that further expansion of JNNURM be put off for the next five-year plan (2012-17) rather than during the remaining period of the 11th Plan. (BS)

Govt extends sops, confident of $200 bn exports in FY-11 The government on Monday extended sops worth Rs 1,052 crore to exporters, particularly for the labour-intensive textile, handicrafts and leather sectors, to help them see through the fragile economic recovery globally. Releasing the annual supplement to the Foreign Trade Policy 2009-14, he said the revenue implication of these measures would be Rs 1,052 crore. The government made it clear that the popular Duty Entitlement Pass Book (DEPB) scheme, which has been in vogue for over a decade, is being extended for the last time. (ET)

Rs./$ rate 46.65 46.67 -0.04% Rs./ Euro 59.14 59.34 -0.33% Rs./Chines Yuan 6.88 6.86 0.29% Yen /$ rate 85.07 85.35 -0.33% $ US/Euro 1.26 1.27 -0.65% Dollar Index 23-Aug 20-Aug Net Dollar Index 83.38 83.12 0.31% NSE USD Futures 23-Aug 20-Aug Net Apr Expiry (Rs./$) 46.70 46.71 -0.02% May Expiry (Rs./$) 46.89 46.92 -0.06% Total Turnover (Rs. Cr.) 9151.00 10375.0 -11.8% 10 year G-Sec Yield 23-Aug 20-Aug US 2.58% 2.60% Japan 0.93% 0.94% India 8.04% 7.93% UK 2.97% 2.98% Libor 3 Months 0.48% 0.48% India Economic Data Current Previous Var Forex Reserve US $ in bn (6/08/10) 287.3 281.9 0.9% Inflation % (15/07/10) 9.97 10.55 5.8% India GDP Q4FY10 Q3FY10 FY10 Growth (%) 8.6 6.0 7.4 Index of Industrial Production Growth -% June-10 June-09

Apr10-June10

IIP 7.1% 8.3% 11.6 % Mining 9.5% 14.2% 10.4% Manufacturing 7.3% 8.0% 12.2% Electricity 3.5% 8.0% 5.6% US Economy Data Current Previous Inflation (%) 2.3 2.0 Unemployment (%) 9.5 9.7 Interest Rate (%) Current Previous Fed Rate 0.0%-0.25% 0.0%-0.25% ECB rate 1.00% 1.00% US GDP Q2CY10 Q1CY10 Growth 2.4% 2.7% Japan Economy Data June May CPI 99.7 99.7 Inflation (%) -0.7 -1.20 Japan GDP Q1CY10 Q4CY09 Growth 4.8% 3.8% Japan Interest Rate Current Previous Overnight rate 0.10% 0.10% Schedule Date Indian GDP Data 31st Aug, 2010 Indian IIP Data 10th Sep, 2010 RBI Policy Meeting 2nd Nov., 2010 Fed Reserve Meeting 21th Sept.,2010 US Inflation Data 17th Sep,2010 US GDP 27th Aug,2010 Japan Mon Policy Meet 7th Sept.,2010 Japan Inflation 27th Aug,2010 Japan GDP 10th Sept.,2010


ADR Price Movement

Company Price Volume Previous Volume Change No. of Share ADR Price BSE Variance (US$) Day Price (%) Per ADR (Rs.) Price (%) Infosys Tech 59.4 990413 59.6 951068 -0.34% 1 2769.6 2792.4 -0.81% MTNL 2.8 21707 2.8 36316 1.79% 2 132.5 65.6 1.06% Patni Com. 22.5 77527 22.8 35462 -1.27% 2 1050.1 531.0 -1.11% Tata Motors 22.3 1242678 22.7 1774863 -1.63% 1 1040.8 1015.4 2.50% Tata Comm. 14.4 24563 14.7 59611 -1.70% 2 672.7 339.5 -0.91% Wipro 13.3 153273 13.4 211821 -0.22% 1 621.4 412.2 50.75% Satyam 4.6 424985 4.6 409948 1.32% 2 215.5 84.6 27.38% Dr.Reddy's 28.4 252186 28.3 335619 0.35% 1 1322.5 1332.0 -0.71% ICICI Bank 42.7 2226504 42.5 1693322 0.35% 2 1991.0 1010.2 -1.45% HDFC Bank 163.4 162326 165.8 190683 -1.46% 3 7621.2 2196.4 15.66% Sterlite 13.4 1043603 13.6 1328429 -1.18% 1 156.74 158.6 -1.14%

GDR's (US$) as on 24/08/10 INTERNATIONAL Housing Slide in U.S. Threatens to Drag Economy Into Recession Housing led the U.S. out of seven of the last eight recessions. This time, it may kill the recovery. Home sales collapsed after a federal tax credit for buyers expired in April. Since then, the manufacturing-led expansion, which began in the second half of 2009, has been waning, with jobless claims rising and factory orders falling. “If foreclosures continue to mount and depress home prices, that could send the economy back into a recession,” said Celia Chen, an economist who tracks the industry for Moody’s Analytics Inc. “Spending on home construction and items such as furniture and stoves accounted for about 15 percent of gross domestic product in the second quarter.(Bloomberg) Asia Slowdown to Have `Serious' on Affect Europe, Economy Chief Rehn Says Slower economic growth in China, India or other Asian economies would have a “serious negative impact” on Europe’s growth, the European Union’s economic chief said. Olli Rehn, the EU commissioner for economic and monetary affairs, said that a slowdown in the U.S. recovery and turmoil in the sovereign debt markets also could cause concern in Europe. Strengthening global growth helped Europe’s economy show the fastest expansion in four years in the second quarter after the Greek budget crisis earlier damped confidence in the euro currency. (Bloomberg) Greek Banks Pressured to Merge as Economic Slump Hurts Profits Greek banks are under growing political pressure to merge as second-quarter earnings probably slumped on rising loan losses and worsening asset quality in the debt-burdened country. National Bank of Greece SA, EFG Eurobank Ergasias SA, Alpha Bank SA and Piraeus Bank SA, which will report results within the next week, have been called upon to consider partnerships by Greek Finance Minister George Papaconstantinou and Bank of Greece Governor George Provopoulos. Profits at the lenders probably fell more than 60 percent, according to analysts’ estimates.(Bloomberg)

Prices Previous Change Variance L&T 40.74 39.33 1.41 3.59% RIL 42.30 42.49 -0.19 -0.45% SBI 120.00 118.25 1.75 1.48%

Sector Price Earning Detail Sectors - Last Friday TTM* Auto 20.51 Auto Ancillary 19.79 Banking 13.13 Engineering 28.49 Cement 12.70 Diamonds & Jewellery 10.77 Entertain.Cont.Prov. 53.37 Entertain.Elec.Media 60.02 Hotels 43.81 Housing Finance 21.30 Infrastructure & Const 29.59 Logistic 28.20 Metals-Aluminium 20.39 Metal - Steel 13.80 Oil & Gas 19.02 Oil Expl. 19.70 Pharma 24.31 Power – Gen. Supp. 22.28 Power - Transmission 14.14 Information Tech. 21.86 Sugar 15.72 Telecom Serv. Prov. 33.86 Tyres 8.14


Company Name Record Date Purpose

Balrampur Chini 24/08/2010 Scheme of Arrangement Indo Gulf Inds. 24/08/2010 Reduction of Capital Zodiac Cloth. Co 24/08/2010 1:2 Bonus Issue of Equity Shares Bank of Rajasth. 25/08/2010 Scheme of Amalgamation Centum Electron 25/08/2010 Scheme of Amalgamtion ICICI Bank 25/08/2010 Scheme of Amalgamation Samruddhi Cem. 25/08/2010 Scheme of Amalgamation Solectron EMS 25/08/2010 Scheme of Amalgamation UltraTech Cem. 25/08/2010 Scheme of Amalgamation Anukaran Commerc 28/08/2010 5:1 Bonus Issue of Equity Shares Lupin 30/08/2010 Stock Split from Rs 10/- to Rs 2/- Indian Hume Pipe 31/08/2010 Stock Split from Rs 10/- to Rs 2/- Apollo Hospitals 03/09/2010 Stock Split from Rs. 10/- to Rs. 5/- K C P 03/09/2010 Stock Split from Rs 10/- to Rs 1/- Dhanuka Agritech 04/09/2010 Stock Split NRB Bearings 06/09/2010 1:1 Bonus Issue of Equity Shares UV Boards 07/09/2010 Reduction of Capital Britannia Inds. 09/09/2010 Stock Split from Rs.10/- to Rs. 2/- Kotak Mah. Bank 14/09/2010 Sub-Division of eq. Shares

Company Name Board Meeting Date Purpose Jupiter Bioscience Limited 24/08/2010 Allotment of equity shares Venus Remedies Limited 24/08/2010 Issue of Fully Convertible Warrants Teesta Agro Industries Limited 28/08/2010 Preferential Issue of shares ACIL Cotton Industries Limited 31/08/2010 Stock split South Indian Bank Limited 31/08/2010 Stock split

NOTES

Securities in ban period for 24th August, 2010- F&O segment

ICSA, Suzlon, ISPATIND

Disclaimer This Document has been prepared by Nirmal Bang Research (Nirmal Bang Securities PVT LTD).The information, analysis and estimates contained herein are based on Nirmal Bang Research assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only. This document, at best, represents Nirmal Bang Research opinion and is meant for general information only. Nirmal Bang Research, its directors, officers or employees shall not in anyway be responsible for the contents stated herein. Nirmal Bang Research expressly disclaims any and all liabilities that may arise from information, errors or omissions in this connection. This document is not to be considered as an offer to sell or a solicitation to buy any securities. Nirmal Bang Research, its affiliates and their employees may from time to time hold positions in securities referred to herein. Nirmal Bang Research or its affiliates may from time to time solicit from or perform investment banking or other services for any company mentioned in this document.

Season Event Update

Scrip Code Scrip Name Client Name Deal Quantity Price 513335 Ahmednagar Forg OLYMPIA BUILDERS PVT LTD B 202284 123.1531678 Anand Credit BHAVESH SHANTILAL TRIVEDI B 50001 57.75531678 Anand Credit PARESH RAMJIBHAI CHAUHAN B 100000 57.75531678 Anand Credit RAMESHBHAI LAHERCHAND SHAH S 200000 57.75531678 Anand Credit VIPUL VIRENDRAKUMAR PATEL B 50000 57.75500023 Asian Hotels ASIAN HOLDING (P) LTD B 270164 468500023 Asian Hotels DSO LIMITED S 1667640 450500023 Asian Hotels FOREX FINANCE LIMITED S 540328 468500023 Asian Hotels SARAF INDUSTRIES LIMITED S 1189165 450500023 Asian Hotels SHIV KUMAR JATIA B 569264 472.2500023 Asian Hotels SUSHIL KUMAR GUPTA S 299100 476500023 Asian Hotels YANS ENTERPRISES (HK) LIMITED B 2856805 450533227 ASIAN HTL E ASIAN HOLDING (P) LTD S 315000 395533227 ASIAN HTL E DSO LIMITED S 1667640 395533227 ASIAN HTL E FOREX FINANCE LIMITED B 880494 403.72533227 ASIAN HTL E SARAF INDUSTRIES LIMITED B 4147715 395533227 ASIAN HTL E SHIV KUMAR JATIA S 266394 398533227 ASIAN HTL E SUSHIL KUMAR GUPTA S 299100 418533227 ASIAN HTL E YANS ENTERPRISES (HK) LIMITED S 2480075 395533221 ASIAN HTL W CHAMAN LAL GUPTA & SONS B 172128 315533221 ASIAN HTL W DSO LIMITED B 3669240 315533221 ASIAN HTL W FOREX FINANCE LIMITED S 540328 315533221 ASIAN HTL W SARAF INDUSTRIES LIMITED S 1189165 315533221 ASIAN HTL W SHIV KUMAR JATIA S 266394 315533221 ASIAN HTL W SUSHIL KUMAR GUPTA B 634594 315533221 ASIAN HTL W YANS ENTERPRISES (HK) LIMITED S 2480075 315532995 Avon Corp DELIGHT FINANCIAL ADVISOR PVT LTD B 647403 6.74511607 Birla Shloka DEVKANT SYNTHETICS INDIA PVT.LTD S 279030 43.81590076 Camson Bio AARKEN ADVISORS PRIVATE LIMITED B 100000 195590076 Camson Bio SHIVANAND SINGH S 70000 193.09531900 CCL Intl MOHAN LAL GUPTA HUF S 50000 154.15511696 Chartered Cap DHARMESH KANAIYALAL PANAGAR S 45732 35.5511696 Chartered Cap MAZDA LTD B 45732 35.5531989 Deccan Poly VSL SECURITIES PVT LTD B 12050 15.92513579 Foundry Fuel BAL BINODE BAJORIA B 32291 13.62531601 Gujarat Capital SANJAY AGARWAL HUF B 75000 132.5530141 Gyan Developers CHIMANLAL MANEKLAL SECURITIES PVT.LTD B 15132 31.03530141 Gyan Developers SHREE PADMAVATI EQUITIES PRIVATE LIMITED S 15000 31.05511682 IFL Promoters INDER PAL DOGRA B 66000 16.73517370 Incap BHARATHI YADAV M S 45980 20.54524400 Ishita Drugs KAMLESH SHANTILAL JHAVERI B 18000 21.72514312 Jaihind Syn JAYESH VINODCHANDRA SHAH S 25000 37.18514312 Jaihind Syn PRAMOD PAJIYAR B 50000 37.07530405 Jindal Capital GAURAV DOSHI B 18004 24.13590111 MASTER MALLIKHARJUNARAO V S 36250 50.58503685 Mediaone Global REGENT FINANCE CORPORATION PRIVATE LIMITED B 80000 97.8503685 Mediaone Global SILVER GOLDEN PROPERTY DEVELOP FIN INVESTMENT LIMITED S 80000 97.8533220 MIDFIELD AMAN TIEUP PRIVATE LIMITED B 256990 201.34533220 MIDFIELD BUDDHISAGAR SHARES AND SERVICES PRIVATE LIMITED B 100000 229.54533220 MIDFIELD GHANTAKARNA SHARES AND SERVICES PRIVATE LIMITED B 200000 229533220 MIDFIELD JHAVERI TRADING AND INVESTMENT PVT LTD S 78000 191.95533220 MIDFIELD KALPDISH JAGDISH SHARAN S 87500 229533220 MIDFIELD MERCURY FUND MANAGEMENT COMPANY LIMITED B 100013 221.06533220 MIDFIELD PARTH TUSHARKUMAR JHAVERI B 144325 198.15533220 MIDFIELD POOJAN TRADECOM PRIVATE LIMITED B 100154 210.09533220 MIDFIELD RAVINDER REDDY NANDI S 100000 200533220 MIDFIELD REAL MARKETING PVT LTD B 100000 229.96533220 MIDFIELD RICHRD JOHNBHAI SHAH B 200000 229.27531843 MYM Tech J V STOCK BROKING PRIVATE LIMITED B 34523 8.26531843 MYM Tech RADHAKRISHNAMURTHY THOTA B 43500 8.53530557 NCL Research SILVERPEARL TRADING PRIVATE LIMITED B 37500 170.01531598 Nimbus Foods BP FINTRADE PRIVATE LIMITED S 343121 5.89531598 Nimbus Foods ELCON INVESTMENT B 500000 5.89531598 Nimbus Foods JMP SECURITIES PVT LTD B 470500 5.92531598 Nimbus Foods NIMBUS AUTO FAST-O-FORGE PRIVATE LIMITED S 1500000 5.89531496 Omkar Overseas DHIRENDRA GIRISH CHAKRAVARTY S 56914 19.5505525 Parichay Invest DHIRENKUMAR DHARAMDAS AGARWAL S 18650 53.92505525 Parichay Invest NILESH RASIKLAL PANDYA S 10000 55.1530923 Passari Cellu APURVA COMMODITIES PRIVATE LIMITED S 35248 60530923 Passari Cellu PARAM COMMODITIES PRIVATE LIMITED S 50000 60530923 Passari Cellu SPAN STOCK PVT LTD B 85000 60

Bulk Deal - BSE on 23/08/2010

503873 Priyadarshini Spn JAG PAR SECURITIES LTD B 60415 79.54530111 Raj Packaging ARCADIA SHARE & STOCK BROKERS PVT. LTD B 25000 62.87530111 Raj Packaging CHIMANLAL MANEKLAL SECURITIES PVT.LTD S 20500 60.15530111 Raj Packaging HARSHA MAYURBHAI SHETH B 20000 62.9530111 Raj Packaging HITESH SHASHIKANT JHAVERI S 27693 60.37530111 Raj Packaging JAYESH KESHAVJI VORA B 33000 61.9530111 Raj Packaging KENISHA ENTERPRISES PRIVATE LIMITED S 50000 62.7530111 Raj Packaging MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED S 21390 59.54530111 Raj Packaging PRINCE JOSEPH S 32000 57530111 Raj Packaging RAVIKIRAN DAMANI B 28000 57530111 Raj Packaging URMIL ASHWIN DESAI S 25000 62.9590077 Ranklin Sol MALLIKHARJUNARAO V S 38408 133.29507508 Riga Sugar SANTOSH KUMAR SIKARIA S 30000 26.57507508 Riga Sugar THE BELSUND SUGAR AND INDUSTRIES LTD. B 30000 26.57511076 Sat Inds SHRENI SHARES PRIVATE LTD S 215933 44.66526843 Seax Global DARSHAN FISCALS PVT LTD S 105278 43.21532886 SEL Mfg Company JMP SECURITIES PVT LTD B 348773 47.14505075 Setco Auto HARISH KIRITBHAI SHETH B 200000 122505075 Setco Auto SNEHA HARISH SHETH S 200000 122517166 SPEL Semi SUSHIL KUMAR AGARWAL B 292117 18.33522296 SS Forgings RASHMI S 50000 5.6522296 SS Forgings UKANI BRIJESHKUMAR P B 50000 5.6504960 Stewarts & Lloyds KIRAN Z NAGDA B 16300 143.47531950 Vertex Sec MESSRS SHREEKANT PHUMBHRA S 75000 223.05531950 Vertex Sec SANDEEP CHOUDHRY B 75000 223.05530627 Vipul Dye Chem BHARTI PARAG SHETH B 28000 35.26512279 Visisth Merc MESSRS SHREEKANT PHUMBHRA B 20000 188.5

Scrip Code Scrip Name Client Name Deal Quantity Price BANKRAJAS Bank Of Rajasthan Ltd DEUTSCHE SECUTIRITES MAU LTD BUY 841280 210.65JINDALPHOT Jindal Photo Limited HERITAGE CAPITAL INDIA MASTER FD LTD BUY 75000 238.37JINDALPOLY Jindal Poly Films Limited RADHE SHYAM SARAF BUY 134224 734.92MANGLMCEM Mangalam Cement Ltd JAY SHREE TEA & INDUSTRIES LTD SELL 820500 165.4MANGLMCEM Mangalam Cement Ltd KESORAM INDUSTRIES LTD BUY 820500 165.4

Bulk Deal - NSE on 23/08/2010

Disclaimer This Document has been prepared by N.B.Research(Nirmal Bang Securities PVT LTD).The information, analysis and estimates contained hereinare based on N.B.Research assessment and have been obtained from sources believed to be reliable. This document is meant for the use of the intended recipient only. This document, at best, represents N.B.Research opinion and is meant for general information only. N.B.Researchs, itsdirectors, officers or employees shall not in anyway be responsible for the contents stated herein. N.B.Research expressly disclaims any and all liabilities that may arise from information, errors or omissions in this connection. This document is not to be considered as an offer to sell, or asolicitation to buy any securities. N.B.Research, its affiliates and their employees may from time to time hold positions in securities referred toherein. N.B.Research or its affiliates may from time to time solicit from or perform investment banking or other services for any companymentioned in this document.

Technical Call

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