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TRW WEEKLY REPORT FOR 4TH-7TH MAY 2010.

HAPPY WORKERS DAY. Hope you all had a nice holiday.

Market activities for the month of April closed with mixed reactions as the NSE ASI only gained 1.88% (last poor rally seen in February), due to weak Financial End of Year scorecards that hit the market.

From a Daily technical perspective, All Indexes are in a Major corrective mode and we expect full corrections this week.

TECHNICAL VIEW

Below are technical RSI readings of all Indexes showing various trend movements.

So far only the INSURANCE & the OIL & GAS sectors have confirmed a Bullish rally. While other sectors are about to cross the BULL line.

From my table readings I will take some profits when RSI hits the Bullish lines and go LONG when a Breakout with heavy volume occurs above the Bullish lines.

INDEX	CURRENT	SIDEWAYS	BULLISH
NSE ASI	49.05	50.91-62.03	70.09-92.00
NSE 30	52.33	33.77-54.58	55.97-89.28
NSE BANKING	43.94	27.88-55.15	59.24-82.41
NSE FB&T	58.72	56.39-70.38	70.38-89.45
NSE INSURANCE	48.57	6.91-29.85	43.90-69.15
NSE OIL & GAS	73.32	17.90-47.81	59.03-92.60

OUTLOOK

So what does the month of MAY have installed for us?

Watching NSE index trend for 12 years from 1998 till date, the month of MAY has a positive ratio of 8:4 and this Bullish trends last till late JUNE and early JULY periods. (TAKE NOTE)

With Positive 1st Quarter financials hitting the market we expect to see similar chart patterns repeat itself.

USE OUR TRW MULTIPLE TIME FRAME TABLE AS A GUIDE

HAVE A LOVELY TRADING WEEK.

Ticker	Date	Previous	Price	WTD	MTD
NSE	30/04/2010	27400.21	26453.20	-3.46	1.88
NSE 30	30/04/2010	1115.53	1083.94	-2.83	4.20
NSE BANKING	30/04/2010	439.09	418.9	-4.60	-4.22
NSE F&B	30/04/2010	817.68	809.20	-1.04	10.45
NSE INS	30/04/2010	206.84	204.97	-0.90	-5.48
NSE O&G	30/04/2010	410.26	404.46	-1.41	32.20

WEEKLY GAINERS

Ticker	Date	Previous	Price	Weekly
CONTINSURE	30/04/2010	1.09	1.36	24.77
BERGER	30/04/2010	7.94	8.33	4.91
SKYEBANK	30/04/2010	7.15	7.50	4.90
WEMABANK	30/04/2010	1.05	1.10	4.76
FLOURMILL	30/04/2010	71.50	73.99	3.48
NB	30/04/2010	68.99	70.14	1.67
UAC-PROP	30/04/2010	23.37	23.73	1.54
AP	30/04/2010	40.00	40.60	1.50
AGLEVENT	30/04/2010	3.80	3.85	1.32
CHAMS	30/04/2010	0.79	0.80	1.27

WEEKLY LOSERS

Ticker	Date	Previous	Price	Weekly
UBA	30/04/2010	15.79	11.77	-25.46
GLAXOSMITH	30/04/2010	25.8	20.85	-19.19
NEM	30/04/2010	0.68	0.57	-16.18
INTENEGINS	30/04/2010	0.69	0.59	-14.49
NIGERINS	30/04/2010	1.39	1.20	-13.67
FIDSON	30/04/2010	3.30	2.86	-13.33
BIGTREAT	30/04/2010	1.00	0.87	-13.00
DAARCOMM	30/04/2010	1.25	1.09	-12.80
FCMB	30/04/2010	8.85	7.73	-12.66
AFRIBANK	30/04/2010	2.61	2.29	-12.26
CCNN	30/04/2010	21.90	19.22	-12.24
JBERGER	30/04/2010	60.00	53.01	-11.65
BAGCO	30/04/2010	3.40	3.03	-10.88
ASOSAVINGS	30/04/2010	0.57	0.51	-10.53
AIICO	30/04/2010	1.56	1.40	-10.26
OCEANIC	30/04/2010	2.00	1.80	-10.00
INTBREW	30/04/2010	5.71	5.15	-9.81
FTNCOCOA	30/04/2010	1.02	0.92	-9.80
7UP	30/04/2010	47.00	42.42	-9.74
UNITYBNK	30/04/2010	1.14	1.03	-9.65
UNHOMES	30/04/2010	0.98	0.89	-9.18
LASACO	30/04/2010	0.56	0.51	-8.93
PLATINUM	30/04/2010	1.48	1.36	-8.11
GUINNESS	30/04/2010	165.11	152.08	-7.89
IBTC	30/04/2010	9.70	8.99	-7.32
UACN	30/04/2010	54.20	50.31	-7.18
CRUSADER	30/04/2010	0.95	0.89	-6.32
INTERCONT	30/04/2010	1.74	1.63	-6.32
PZ	30/04/2010	31.94	30.03	-5.98
TANTALIZER	30/04/2010	1.2	1.13	-5.83
HMARKINS	30/04/2010	0.53	0.50	-5.66
FIDELITYBK	30/04/2010	3.01	2.84	-5.65
DANGFLOUR	30/04/2010	23.00	21.74	-5.48
COSTAIN	30/04/2010	8.85	8.37	-5.42
NAHCO	30/04/2010	12.74	12.05	-5.42
MBENEFIT	30/04/2010	0.57	0.54	-5.26
NASCON	30/04/2010	8.90	8.46	-4.94
UNIC	30/04/2010	0.81	0.77	-4.94
UPL	30/04/2010	8.30	7.89	-4.94
JAPAULOIL	30/04/2010	1.63	1.55	-4.91
OANDO	30/04/2010	126.00	120.00	-4.76
NSE BANKING	30/04/2010	439.09	418.9	-4.60
ABCTRANS	30/04/2010	1.10	1.05	-4.55
CORNERST	30/04/2010	0.78	0.75	-3.85
FIRSTBANK	30/04/2010	16.90	16.27	-3.73
UNILEVER	30/04/2010	28.01	27.00	-3.61
NSE	30/04/2010	27400.21	26453.2	-3.46
ACCESS	30/04/2010	9.53	9.21	-3.36
WAPCO	30/04/2010	42.28	41.00	-3.03
BCC	30/04/2010	65.97	64.05	-2.91
NSE 30	30/04/2010	1115.53	1083.94	-2.83
VITAFOAM	30/04/2010	6.66	6.50	-2.40
ZENITHBANK	30/04/2010	15.80	15.43	-2.34
REDSTAREX	30/04/2010	4.07	3.99	-1.97
ASHAKACEM	30/04/2010	21.40	210	-1.87
UBN	30/04/2010	6.00	5.90	-1.67
GUARANTY	30/04/2010	18.48	18.20	-1.52
NSE O&G	30/04/2010	410.26	404.46	-1.41
STARCOMMS	30/04/2010	2.15	2.12	-1.40
DIAMONDBNK	30/04/2010	8.17	8.08	-1.10
WAPIC	30/04/2010	0.94	0.93	-1.06
NSE F&B	30/04/2010	817.68	809.200	-1.04
NSE INS	30/04/2010	206.84	204.97	-0.90
CILEASING	30/04/2010	3.65	3.62	-0.82
DANGSUGAR	30/04/2010	18.80	18.66	-0.74
NBC	30/04/2010	34.30	34.21	-0.26
CONOIL	30/04/2010	56.14	56.13	-0.02

For 30/04/2010 the closing price was 26,453.19. NSE INDEX

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

The projected upper bound is: 27,422.54.

The projected lower bound is: 25,619.41.

The projected closing price is: 26,520.98.

Note: these price projections are for reference only, and can be easily exceeded by the market.

For 30/04/2010 the closing price was 1,083.93 NSE 30

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

The projected upper bound is: 1,126.70.

The projected lower bound is: 1,047.75.

The projected closing price is: 1,087.23

Note: these price projections are for reference only, and can be easily exceeded by the market.

For 30/04/2010 the closing price was 418.90.NSE BANKING

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

The projected upper bound is: 440.58

The projected lower bound is: 398.66

The projected closing price is: 419.62

Note: these price projections are for reference only, and can be easily exceeded by the market.

For 30/04/2010 the closing price was 809.20.NSE FBT

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

The projected upper bound is: 849.37.

The projected lower bound is: 777.52

The projected closing price is: 813.44

Note: these price projections are for reference only, and can be easily exceeded by the market.

For 30/04/2010 the closing price was 204.97.NSE INS

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 211.97.

The projected lower bound is: 197.70.

The projected closing price is: 204.83

Note: these price projections are for reference only, and can be easily exceeded by the market.

For 30/04/2010 the closing price was 404.46.NSE OIL & GAS

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

The projected upper bound is: 424.33.

The projected lower bound is: 389.02.

The projected closing price is: 406.67.

Note: these price projections are for reference only, and can be easily exceeded by the market.

MULTIPLE TIME FRAME FOR TRADING

Ticker	Date	MA-140	MA-60	MA-8	Overall Trend	Trend Phase	Comments
7UP	30/04/2010	+	+	+	Up Trend	Initial	Stay With The Trend
ABCTRANS	30/04/2010	+	-		No Trend	Initial	live to trade another day
ACCESS	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
AFRIBANK	30/04/2010	-	-	-	Down Trend	Progress	Watch Trend
AGLEVENT	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
AIICO	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
AP	30/04/2010	+	+	- -	No Trend	Initial	Risk for short term reversal
ASHAKACEM	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
ASOSAVINGS	30/04/2010	-	-	-	Down Trend		Watch Trend
BAGCO	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
BCC	30/04/2010	+	+	+	Up Trend	Progress	Stay With The Trend
BERGER	30/04/2010	+	+	+	Up Trend	Initial	Stay With The Trend
BIGTREAT	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
CCNN	30/04/2010	+	+	- -	No Trend	Progress	Risk for short term reversal
CHAMS	30/04/2010	-	+	-	No Trend	Initial	trading range-avoid
CILEASING	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
CONOIL	30/04/2010	+	+ +	+ + +	Up Trend	Initial	Stay With The Trend
CONTINSURE	30/04/2010	-	+	+	No Trend	Initial	live to trade another day
CORNERST	30/04/2010	-	+	-	No Trend	Progress	trading range-avoid
COSTAIN	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
CRUSADER	30/04/2010	-	-	-	Down Trend	Progress	Watch Trend
CUSTODYINS	30/04/2010	+	+	+	Up Trend	Initial	Stay With The Trend
DAARCOMM	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
DANGFLOUR	30/04/2010	+	+	- -	No Trend	Initial	Risk for short term reversal
DANGSUGAR	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
DIAMONDBNK	30/04/2010	-	+	-	No Trend	Initial	trading range-avoid
FCMB	30/04/2010	+	-	-	No Trend	Initial	live to trade another day
FIDELITYBK	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
FIDSON	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
FIRSTBANK	30/04/2010	+	+	+	Up Trend	Initial	Stay With The Trend
FIRSTINLND	30/04/2010	-	-	-	Down Trend	Mature	Mature trend with risk of bubble
FLOURMILL	30/04/2010	+ +	+ +	+	Up Trend	Initial	Stay With The Trend
FTNCOCOA	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
GLAXOSMITH	30/04/2010	-	-	- - -	Down Trend	Initial	Watch Trend
GUARANTY	30/04/2010	+	+	+	Up Trend	Progress	Stay With The Trend
GUINEAINS	30/04/2010				Down Trend	Initial	Watch Trend
GUINNESS	30/04/2010	+	+ +	- - -	No Trend	Initial	Risk for short term reversal
HMARKINS	30/04/2010				Down Trend	Initial	Watch Trend
IBTC	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
INTBREW	30/04/2010	+	+	+	Up Trend	Initial	Stay With The Trend
INTENEGINS	30/04/2010	-	-	-	Down Trend	Initial	Watch Trend
INTERCONT	30/04/2010	-	-	-	Down Trend	Mature	Mature trend with risk of bubble
JAPAULOIL	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
JBERGER	30/04/2010	+	+ +	- - -	No Trend	Initial	Risk for short term reversal
LASACO	30/04/2010	-	-	-	Down Trend	Initial	Watch Trend
MBENEFIT	30/04/2010	-	-	-	Down Trend	Progress	Watch Trend
MULTIVERSE	30/04/2010				Down Trend	Initial	Watch Trend
NAHCO	30/04/2010	+	+	- -	No Trend	Initial	Risk for short term reversal
NASCON	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
NB	30/04/2010	+	+	+	Up Trend	Initial	Stay With The Trend
NBC	30/04/2010	+	+	- - -	No Trend	Initial	Risk for short term reversal
NEM	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
NESTLE	30/04/2010	+ + +	+ + +	+ + +	Strong Up Trend	Progress	Stay With The Trend
NIGERINS	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
NSE	30/04/2010	+ + +	+ + +	- - -	No Trend	Initial	Risk for short term reversal
NSE 30	30/04/2010	+ + +	+ + +	- - -	No Trend	Initial	Risk for short term reversal
NSE BANKING	30/04/2010	+	+ +	- - -	No Trend	Initial	Risk for short term reversal
NSE F&B	30/04/2010	+ + +	+ + +	- - -	No Trend	Initial	Risk for short term reversal
NSE INS	30/04/2010	- - -	-	- -	Down Trend		Watch Trend
NSE O&G	30/04/2010	+ + +	+ + +	+ + +	Strong Up Trend	Initial	Stay With The Trend
OANDO	30/04/2010	+	+ +	-	No Trend	Initial	Risk for short term reversal
OCEANIC	30/04/2010	-	-	-	Down Trend	Mature	Mature trend with risk of bubble
PLATINUM	30/04/2010	-	-	-	Down Trend	Mature	Mature trend with risk of bubble
PZ	30/04/2010	+	+	-	No Trend	Progress	Risk for short term reversal
REDSTAREX	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
SKYEBANK	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
SOVRENINS	30/04/2010				Down Trend	Mature	Mature trend with risk of bubble
STARCOMMS	30/04/2010	-	+	-	No Trend	Initial	trading range-avoid
TANTALIZER	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
UAC-PROP	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
UACN	30/04/2010	+	+	- -	No Trend	Initial	Risk for short term reversal
UBA	30/04/2010	-	-	- -	Down Trend	Initial	Watch Trend
UBN	30/04/2010	-	-	-	Down Trend	Initial	Watch Trend
UNHOMES	30/04/2010	-	-	-	Down Trend	Progress	Watch Trend
UNIC	30/04/2010	-		-	Down Trend	Initial	Watch Trend
UNILEVER	30/04/2010	+	+	-	No Trend	Progress	Risk for short term reversal
UNITYBNK	30/04/2010	-	-	+	No Trend	Initial	Risk for short term reversal
UPL	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
VITAFOAM	30/04/2010	+	+	-	No Trend	Initial	Risk for short term reversal
WAPCO	30/04/2010	+	+	- -	No Trend	Initial	Risk for short term reversal
WAPIC	30/04/2010	-	-		Down Trend	Initial	Watch Trend
WEMABANK	30/04/2010	-	-	+	No Trend	Initial	Risk for short term reversal
ZENITHBANK	30/04/2010	+	-	-	No Trend	Initial	live to trade another day

This commentary is not a recommendation to buy or sell, but rather a guideline to interpreting the specified indicators. This information should only be used by investors who are aware of the risk inherent in securities trading. TRW accepts no liability whatsoever for any loss arising from any use of this expert or its contents.

INVEST FOR A GOLDEN TOMORROW