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Weekly Newsletter Newsletter-Equity 13/09/2010

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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 Markets maintained uptrend, Nifty rallied up 160 pts & Sensex surged 578 pts. July IIP growth at 13.8% vs. 5.8 m/m & manufacturing sector up at 15% vs. 7.4%. DJIA & S&P posts seventh gains in eight sessions on good economic data.

Nifty hit the weekly high of 5647 & Sensex hit 18820 after two and a half years as Indian equity markets sustained the uptrend for 3rd week. Nifty gained 160 pts settling at 5640 & Sensex rallied 578 pts to settle at 18799. Bank nifty made a new all time high of 11409 to settle at 11388. ICICI bank is up 5.2% while SBI jumped 7.5%. Cement cos. stocks saw concrete gains as Ambuja & ACC gained 8-9%. In metals, Tata steel was up 10% and Hindalco rose 7% this week.

India’s

July Index for Industrial production output rose faster than expected, up at

13.80% on yearly basis while higher than previous month’s 7.1%. Manufacturing sector is up at 15% vs. 7.4% earlier while mining sector came at 9.7% vs. 8.7%. August food price inflation is up at 11.47% vs. 10.86% & fuel price index is unchanged at 12.71%. India’s vital monsoon rains were 26% above normal in the week to Sept 8 that may ease down food inflation.

US & European equity markets rallied this week lifting the global markets along on the back of a turnaround in economic recovery boosted by good economic numbers. DJIA & S&P closed the week with their seventh gain in eight sessions as DJIA settled at 10462 & S&P at 1109, though this rally was with lightest trading volumes of the year so far. The bull run was owed to lower unemployment claims at 451K vs. 470K and trade balance at (-)42.8B vs. (-)49.8B signaling the economic recovery. In euphoria, FTSE gained 73 pts to settle at 5501, up 1.35%. www.capitalheight.com


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MARKET PERFORMANCE NSE GAINERS Company Name

Current(Rs.)

Prev. Close (Rs.)

Change (Rs.)

Change (%)

Axis IT&T Parekh Aluminex Energy Development KRBL Manali Petrochem

134.70 499.15 58.90 36.95 15.45

84.35 315.65 40.60 25.55 10.75

50.35 183.50 18.30 11.40 4.70

59.69 58.13 45.07 44.62 43.72

Company Name

Current(Rs.)

Prev. Close (Rs.)

Change (Rs.)

Change (%)

Surana Telecom Ramsarup Ind Sakthi Finance Asian Hotels Sesa Goa

19.10 66.55 13.00 344.05 311.40

62.95 115.40 19.65 459.70 377.00

-43.85 -48.85 -6.65 -115.65 -65.60

-69.66 -42.33 -33.84 -25.16 -17.40

NSE LOSERS

NIFTY - 5 DAYS UP Company Name

Current(Rs.)

Prev. Close (Rs.)

5 Days ago (Rs.)

5 Days Return (%)

Tata Steel ACC Ambuja Idea SBI

593.65 980.90 136.50 76.75 2984.05

540.95 896.65 125.95 71.30 2773.40

52.70 84.25 10.55 5.45 210.65

9.74 9.40 8.38 7.64 7.60

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WORLD INDICES Indices

Country

Date

Index

Net Change

Change (%)

Hang Seng

Hong Kong

10-Sep-10

21,257.39

285.89

1.36

Jakarta Composite

Indonesia

7-Sep-10

3,230.89

66.61

2.11

Nikkei 225

Japan

10-Sep-10

9,239.17

125.04

1.37

Malaysia

9-Sep-10

1,437.78

2.11

0.15

Singapore

9-Sep-10

3,022.28

19.72

0.66

South Korea

10-Sep-10

1,802.58

22.56

1.27

FTSE 100

United Kingdom

10-Sep-10

5,501.64

73.49

1.35

Nasdaq

United States

11-Sep-10

2,242.48

8.73

0.39

DJIA

United States

11-Sep-10

10,462.77

14.84

0.14

S&P 500

United States

11-Sep-10

1,109.55

5.04

0.46

KLSE Composite Straits Times Seoul Composite

INDIAN EQUITY MARKET INDICES

VALUE

CHANGE

% CHANGE

NIFTY BANK NIFTY SENSEX

5,640.05 11,388.20 18,799.66

160.65 410.50 578.23

2.93 3.74 3.17

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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES

R4

R3

R2

R1

P

S1

S2

S3

S4

NIFTY

6093

5925

5757

5698

5589

5531

5421

5253

5085

OUTLOOK Trend:- Bullish Resistance:- 5680 80, 5770 Support:- 5550,, 55475 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

12478

12075

11671

11530

11268

11126

10864

10460

10057

OUTLOOK Trend:- Bullish Resistance:- 11530 11530, 11670 Support:- 11240,, 11000 Strategy:- Buy on dips BANK NIFTY WEEKLY

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