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Weekly Newsletter Newsletter-Equity

27/09/2010

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

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MARKET WRAP
Indian markets extend gains for 3rd week, Nifty up 133 pts & Sensex up 450 pts. Aug food price inflation up at 15.46% & Fuel price inflation unchanged at 11.48%. Global markets ended positive on better economic data and hope for QE II.

Indian markets extended the last week rally due to inflow of FIIs funds and ended the
week on positive basis as Nifty closed above 6k level and Sensex settled above 20k. Nifty gained 133 points or 2.27% to settle at 6018 & Sensex added 450 pts ending at 20045. Nifty is ranged between 5950 – 6050. Bank Nifty rallied 185 points as frontliners like SBI, HDFC, Axis and ICICI bank hits new 52 weeks high. In FMCG, HUL shot up 11% while ITC gained 7%. In Auto space, Maruti and Hero Honda rallied 6-7%.

India’s food

inflation accelerated from 15.10% to 15.46% & fuel price inflation was

unchanged at 11.48% in the year to Sept 11. Govt. has increased the foreign institutional investment limit in Govt. & corporate bonds by USD 5 billion each. Govt. has also cut the borrowing bill for the 2nd half of this fiscal year by Rs. 10000 Cr to Rs.1.63 lakh Crore. Aug oil sales declined an annual 0.3%, its first decline since March.

Global

markets ended positive this week despite mixed bag of economic data.

Dow Jones rallied on Friday to end the week up 250 points or 2.38% at 10,860 and S&P added 23 pts to end at 1,148. The rally was owed to durable goods orders up at 2.0%, existing home sales up at 4.13M vs. 3.84M and also fed chairman Bernanke’s ponder over second QE to keep economic recovery firm. European markets also ended positive with FTSE up 90 pts at 5598 on better German IFO business climate data at 106.8. German DAX added 113 pts later in the week to end at 6298.

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MARKET PERFORMANCE
NSE GAINERS
Company Name
Aftek CCL Products Nahar Poly HOV Services Consolidated Finvest

Current(Rs.)
17.30 344.95 48.90 145.60 105.00

Prev. Close (Rs.)
13.35 266.70 38.20 116.40 86.75

Change (Rs.)
3.95 78.25 10.70 29.20 18.25

Change (%)
29.59 29.34 28.01 25.09 21.04

NSE LOSERS
Company Name
Asian Hotels Saregama Ramsarup Ind Harrisons State Bank of Mysore

Current(Rs.)
289.55 109.10 57.25 90.85 921.85

Prev. Close (Rs.)
456.50 150.90 74.35 117.10 1163.57

Change (Rs.)
-166.95 -41.80 -17.10 -26.25 -241.72

Change (%)
-36.57 -27.70 -23.00 -22.42 -20.77

NIFTY - 5 DAYS UP
Company Name
HUL HDFC Ranbaxy Wipro Maruti

Current(Rs.)
303.30 729.30 564.90 443.15 1458.60

Prev. Close (Rs.)
281.80 683.65 534.00 420.25 1388.35

5 Days ago (Rs.)
21.50 45.65 30.90 22.90 70.25

5 Days Return (%)
7.63 6.68 5.79 5.45 5.06

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WORLD INDICES
Indices
Hang Seng Jakarta Composite Nikkei 225 KLSE Composite Straits Times Seoul Composite FTSE 100 Nasdaq DJIA S&P 500

Country
Hong Kong Indonesia Japan Malaysia Singapore South Korea United Kingdom United States United States United States

Date
24-Sep-10 24-Sep-10 24-Sep-10 24-Sep-10 24-Sep-10 24-Sep-10 24-Sep-10 25-Sep-10 25-Sep-10 25-Sep-10

Index
22,119.43 3,394.40 9,471.67 1,451.19 3,092.68 1,846.60 5,598.48 2,381.22 10,860.26 1,148.67

Net Change
148.57 9.75 -154.42 -15.78 16.31 19.25 90.03 65.61 252.41 23.08

Change (%)
0.68 0.29 -1.60 -1.08 0.53 1.05 1.63 2.83 2.38 2.05

INDIAN EQUITY MARKET
INDICES
NIFTY BANK NIFTY SENSEX

VALUE
6,018.30 12,295.65 20,045.18

CHANGE
133.35 189.20 450.43

% CHANGE
2.27 1.56 2.30

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TECHNICAL VIEW
NIFTY WEEKLY PIVOT
INDICES
NIFTY

R4
6437

R3
6285

R2
6133

R1
6075

P
5980

S1
5923

S2
5828

S3
5676

S4
5523

OUTLOOK
Trend:- Bullish Resistance:- 6110 6190 110, Support:- 5880, 5940 Strategy:- Buy on dips NIFTY WEEKLY

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BANK NIFTY WEEKLY PIVOT
SCRIPT
BANK NIFTY

R4
13077

R3
12797

R2
12517

R1
12406

P
12237

S1
12127

S2
11957

S3
11677

S4
11398

OUTLOOK
Trend:- Bullish Resistance:- 12520 12800 520, Support:- 12065, 11870 , Strategy:- Buy on dips BANK NIFTY WEEKLY

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