Dear Sir/Madam,
Kindly find attached the Weekly Fundamental and Weekly Technical Reports.
OUTLOOK
Indian market is likely to move on clues from Automobiles and Cement numbers to be released in the first week of May. Indian Corporate results for quarter ending April 2012 and FY12 would hog the limelight. Nifty at 13XFY13 earnings may act cushion against any sharp falls and may trade between 5100-5300 during the week. Funds may also hold on to stocks in anticipation of declining inflation which has remained high for two consecutive years. The consumption theme is shifting gears with bathroom fitting companies likely to benefit on lifestyle changes. BUY Hindustan Sanitaryware and Cera Sanitaryware.
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020