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THE RAGING BULL vs THE FORMIDABLE BEAR !!
WEEK WRAP
All the sectoral indices were in the green, with the FMCG index rallying 2.3% to 3,803. BSE healthcare, auto and bankex were also in the green.
FMCG heavyweight, ITC, jumped 3.3% to Rs 190. Hindustan Unilever gained 2% to Rs 307. Among other FMCG gainers were Tata Global, Nestle, Marico and
Colgate Palmolive.
Metal indices gained 1.5% on bargain hunting. JSW Steel jumped 2.7% to Rs 935. Jindal Steel and Bhushan Steel added over 2% each. Sesa Goa, Tata Steel,
Hindalco and Sail advanced 1-2% each in trades today.
Beijing late Thursday said it would raise the amount of money banks must hold in reserve for the fifth time this year, effectively limiting the amount they can
lend.
The move is the latest by China as it struggles with rising prices. It came a day after data showed inflation at 5.3 percent in April, slightly off March's 5.4 percent -
- which was a 32-month high -- but still well above the government's four percent target.
US MARKET
Stocks fell about 1 per cent on Friday as a strengthening in the dollar due to global uncertainty caused a drop in commodity-related and financial shares.
The euro fell against the dollar as investors refocused on euro zone debt before meetings by finance officials in Brussels and as the Federal Reserve moved
closer to ending a stimulus program. The dollar gained 0.9 per cent against a basket of currencies.
US crude futures lost 0.9 per cent and the S&P energy index lost 0.7 per cent. Financials were among the hardest hit on the fears the euro zone debt crisis could
worsen. The KBW Bank index dropped 1.7 per cent, weighed down by 2 per cent drop in JPMorgan Chase & Co to $43.06.
Yahoo Inc shares fell 4.3 per cent to $16.44 after it said the Alibaba Group restructured the ownership of Alipay, one of China's largest online payment
businesses, without the knowledge of Yahoo and Softbank, two of its stakeholders.
In the previous week, annual food and fuel inflation stood at 8.53% and 13.53%, respectively.
The primary articles price index was up 11.96%, compared with an annual rise of 12.11% a week earlier.
The RBI raised interest rates last week -- its ninth rate hike since March 2010 -- by a sharper-than-expected 50 basis points and said fighting inflation was its
priority, even at the expense of short-term growth.
WEEKLY REPORT
16th May - 20th May 2011
SECTORIAL INDICES
Indices Open High Low Close
BANK NIFTY 11194.45 11213.50 10838.15 11020.95
CNX NIFTY JUNIOR 11026.60 11244.20 10951.65 11185.40
GAINERS LOSERS
Scrip GAINERS
Current Close Change Chg % Scrip Current Close Change Chg %
BHARAT RASYAN 195.00 150.15 29.87 KWALITY DAIRY 108.35 144.35 -24.93
SHREE GAN.JEW 269.25 214.60 25.46 ALLIED DIGIT 58.60 77.85 -24.72
MAN INDS 111.30 92.85 19.87 SUMEET INDS 29.60 37.45 -20.96
WEEKLY REPORT
16th May - 20th May 2011
TECHNICALS
Properties Values
Support 1 5465
Support 2 5385
Resistance 1 5625
Resistance 2 5730
The Nifty futures closed and settled finally at 5558.90, up by 77.55 or 1.41 %. It is looking bullish in the coming trading session if it
manages to trade above the resistance level of 5625 else below support level of 5465 it would be in a downward trend.
TECHNICALS
Properties Values
Support 1 10780
Support 2 10690
Resistance 1 11240
Resistance 2 11726
Figure: Bank Nifty Weekly
Bank Nifty Futures shut stop at 11032.75 up by 157.45 points or 1.45 % It is looking bullish in the coming trading session if it
manages to trade above the resistance level of 11240 else below support level of 10780 it would be in a downward trend.
WEEKLY REPORT
16th May - 20th May 2011
TECHNICAL PICTURE
ROLTA INDIA IS IN CONSOLIDATION PHASE FROM LAST FEW TRADING SESSION. .IF IT MANAGES TO SUSTAIN ABOVE 138.10 IT WILL
TAKE UP MOVE .WE RECOMMEND TO BUY ROLTA IN CASH ABOVE 138.10TARGET 141.40 /143.90/146 WITH STOP LOSS OF 133.40.
Price `136.60
Change `1.50
Volume 485691
52 Week High 188.70
% From High -27.60%
Day High 137.45
EPS 30.74
WEEKLY REPORT
16th May - 20th May 2011
KEY STATISTICS
Primary Factors
Almost 48.27% decline in Q o Q Earnings.
Sources: Sihl.in
WEEKLY REPORT
16th May - 20th May 2011
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