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Weekly Newsletter-Equity

02/03/2010

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Weekly Newsletter
Contents:-
Market Wrap
Market Performance
NIFTY Gainers
NIFTY Losers
5 Days Up
World Indices
Indian Equity Market
Technical Analysis
Nifty Spot
Bank Nifty Future

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MARKET WRAP
Markets cheer the Union Budget 2010-11
Rail Stocks take a beating after the Rail Budget
Best month since Nov for US stocks

As expected the markets moved in a narrow range in the first half of the week prior to
the Rail Budget, Expiry and the Union Budget. On Friday markets reacted buoyantly to
the Union Budget 2010-11, Nifty saluted the Union Budget 2010 unveiled by Finance
Minister Pranab Mukherjee and rallied almost 135 points. Though Nifty closed above the
4900 mark the market seemed to have discounted the budget by the close as many of
the heavyweights had come off their day’s high and stood at almost 50 % of the day’s
gains. Some positives of the budget were gradual reduction in fiscal deficit, cut in
surcharge, more allocation for infrastructure development, increase in FY11 divestment
target, increase in personal tax slab and the negatives were hike in excise duties,
increase in petrol-diesel prices, etc.

On Wednesday, when the Rail Budget was presented, almost all rail stocks crashed
and many were down by more than 5 % on intraday basis and these stocks have shown
no signal of any sort of a recovery from then on.

US stocks had their best month since Nov 2009 as the GDP figures for the fourth
quarter came a little better than expected (5.9 % v/s 5.7 % as expected last month) and
the weakening dollar also helped the stocks to gain some momentum.

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MARKET PERFORMANCE
NIFTY GAINERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Larsen & Toubro 1,535.60 1,478.45 57.15 +3.87
Infosys 2,617.35 2,532.40 84.95 +3.35
Jindal Steel 626.15 608.40 17.75 +2.92
Idea Cellular 59.75 58.25 1.50 +2.58
Ranbaxy 453.80 442.40 11.40 +2.58

NIFTY LOSERS

Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Bharti Airtel 276.25 322.90 -46.65 -14.45
Reliance Comm 154.70 174.75 -20.05 -11.47
HUL 235.20 259.35 -24.15 -9.31
Reliance Capital 727.70 788.60 -60.90 -7.72
NTPC Ltd 200.10 216.50 -16.40 -7.58

5 DAYS UP

Company Name Current(Rs.) Prev. Close (Rs.) 5 Days ago 5 Days


(Rs.) Return(%)
Hindalco 161.25 153.00 149.75 7.68
Maruti 1,463.55 1,401.05 1,370.30 6.81
Larsen & Toubro 1,566.85 1,536.85 1,475.30 6.21
Hero Honda 1,772.15 1,687.95 1,679.75 5.50
ICICI 871.85 851.40 830.50 4.98

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WORLD INDICES
Indices Country Date Index Net Change Change (%)

Hang Seng Hong Kong 26-Feb-2010 20608.70 +714.68 +3.53

Jakarta Indonesia 26-Feb-2010 2549.03 -5.35 -0.20


Composite
Nikkei 225 Japan 26-Feb-2010 10126.03 +2.45 +0.02

KLSE Malaysia 26-Feb-2010 1270.78 +13.11 +1.04


Composite
Straits Times Singapore 26-Feb-2010 2750.86 -6.28 -0.22

Seoul South Korea 26-Feb-2010 1594.58 +0.68 +0.04


Composite
FTSE 100 United 26-Feb-2010 5354.52 +1.35 +0.02
Kingdom
Nasdaq United 27-Feb-2010 2238.26 -5.61 -0.25
States
DJIA United 27-Feb-2010 10325.26 -77.09 -0.74
States
S&P 500 United 27-Feb-2010 1104.49 -4.68 -0.42
States

INDIAN EQUITY MARKET


INDICES VALUE CHANGE % CHANGE
NIFTY 4922.30 +77.40 +1.59
BANK NIFTY 8740.45 +257.25 +3.03
SENSEX 16429.55 +237.92 +1.46

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TECHNICAL VIEW
NIFTY
WEEKLY PIVOT
INDICES R4 R3 R2 R1 P S1 S2 S3 S4
NIFTY 5392 5233 5074 4998 4915 4839 4756 4598 4439

OUTLOOK
Trend:- Consolidate

Resistance:- 5085,5185
085,5185

Support:- 4785,4680
4680

Strategy:- Buy on dips

NIFTY WEEKLY

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BANK NIFTY

WEEKLY PIVOT
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
BANK NIFTY 9944 9523 9103 8921 8683 8501 8262 7842 7421

OUTLOOK
Trend:- Consolidate

Resistance:- 8875,
8875,9010

Support:- 8550,8270
0,8270

Strategy:- Buy on dips

BANK NIFTY WEEKLY

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