Indian market got a positive start but selling pressures at higher
levels made the session extremely volatile, although Indices traded
above the dotted line throughout the day. OIL-GAS, PHARMA and BANKING
attracted buying while AUTO and REALITY appeared weak.SENSEX
closed at 16519, up 111 points and NIFTY at 4947, up 27 points from the
previous close. CNX MIDCAP index was up 0.1% and BSE SMALLCAP index was
down 0.6%. The market breadth was negative with advances at 486 against
declines of 785 on the NSE. Top gainers included ONGC, PIRHEALTH,
LICHSGFIN, IOC, HPCL, CIPLA, SBIN, STER, RELINFRA and BPCL. Top losers
are listed as DLF, JAIPRA, GRASIM, MARUTI, TATAPOWER, IDFC, HCLTECH and
UNITECH.

Next Day Trading Session:

In the next session, NIFTY if sustained above 4962-4970 range, it may
attract buying targeting 5014-5022; heavy selling pressure is expected
at this range. Trading below 4925 may drag NIFTY to 4865 and 4833
levels. PSU-BANKING STOCKS along with IT may attract buying while
METALS and REALITY may appear weak.

Fundamental View: Fairwealth Research Team

Weekly Techno-Funda Calls We are not providing Techno Funda Calls for
this week because of uncertain market conditions. Whenever we find the
market conducive for investors/traders we will again come up with these
calls

Fundamental Picks Investors having a horizon of 6-12 months can buy the
following companies. The companies have a potential to give higher
returns than index over a long term.

Corporate Highlights

The equity shareholders meeting of PVR will be held on 29 May 2010 to
consider the scheme of amalgamation between Leisure World and PVR.

Gulf Oil Corporation has entered into a joint development agreement with Hinduja Realty Ventures for development of the
39 acres 27 guntas of the company's Bengaluru (Yelahanka) land.

Zensar Technologies has achieved Platinum Partner status in the Oracle
PartnerNetwork (OPN). By attaining Platinum Level membership, Oracle
has recognized Zensar for its in-depth expertise in delivering
enterprise applications and providing unique and differentiated
solutions for addressing the challenges of joint customers.

Caliber point Business Solutions, subsidiary of Hexaware Technologies
has announced the launch of Republic, their multitenant HR Services
Delivery Solution, at the IHRIM 2010 Conference and Technology
Exposition in Las Vegas held between 2nd May and 5th May 2010. This
ready to use platform will cater to multiple clients under a secure and
shared environment and is built on the Oracle E-Business Suite Release
12.

Disclaimer: The above mentioned ideologies are based on the research
done at Fairwealth research department. Fairwealth securities (P) Ltd
will not be responsible for any kind of losses incurred by any
parteither directly or indirectly based on our research results, though
we have presented to the best of our knowledge.