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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

Current(Rs.)

Prev. Close (Rs.)

Change (Rs.)

Change (%)

Aftek CCL Products Nahar Poly HOV Services Consolidated Finvest

17.30 344.95 48.90 145.60 105.00

13.35 266.70 38.20 116.40 86.75

3.95 78.25 10.70 29.20 18.25

29.59 29.34 28.01 25.09 21.04

Company Name

Current(Rs.)

Prev. Close (Rs.)

Change (Rs.)

Change (%)

Asian Hotels Saregama Ramsarup Ind Harrisons State Bank of Mysore

289.55 109.10 57.25 90.85 921.85

456.50 150.90 74.35 117.10 1163.57

-166.95 -41.80 -17.10 -26.25 -241.72

-36.57 -27.70 -23.00 -22.42 -20.77

NSE LOSERS

NIFTY - 5 DAYS UP Company Name

Current(Rs.)

Prev. Close (Rs.)

5 Days ago (Rs.)

5 Days Return (%)

HUL HDFC Ranbaxy Wipro Maruti

303.30 729.30 564.90 443.15 1458.60

281.80 683.65 534.00 420.25 1388.35

21.50 45.65 30.90 22.90 70.25

7.63 6.68 5.79 5.45 5.06

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WORLD INDICES Indices

Country

Date

Index

Net Change

Change (%)

Hang Seng

Hong Kong

24-Sep-10

22,119.43

148.57

0.68

Jakarta Composite

Indonesia

24-Sep-10

3,394.40

9.75

0.29

Nikkei 225

Japan

24-Sep-10

9,471.67

-154.42

-1.60

Malaysia

24-Sep-10

1,451.19

-15.78

-1.08

Singapore

24-Sep-10

3,092.68

16.31

0.53

South Korea

24-Sep-10

1,846.60

19.25

1.05

FTSE 100

United Kingdom

24-Sep-10

5,598.48

90.03

1.63

Nasdaq

United States

25-Sep-10

2,381.22

65.61

2.83

DJIA

United States

25-Sep-10

10,860.26

252.41

2.38

S&P 500

United States

25-Sep-10

1,148.67

23.08

2.05

KLSE Composite Straits Times Seoul Composite

INDIAN EQUITY MARKET INDICES

VALUE

CHANGE

% CHANGE

NIFTY BANK NIFTY SENSEX

6,018.30 12,295.65 20,045.18

133.35 189.20 450.43

2.27 1.56 2.30

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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES

R4

R3

R2

R1

P

S1

S2

S3

S4

NIFTY

6437

6285

6133

6075

5980

5923

5828

5676

5523

OUTLOOK Trend:- Bullish Resistance:- 6110 110, 6190 Support:- 5880, 5940 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

13077

12797

12517

12406

12237

12127

11957

11677

11398

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

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