Weekly Newsletter06/09/2010

Weekly Newsletter-Equity

Capitalheight.com

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Weekly Newsletter

Contents

Market Wrap

Market Performance

NSE Gainers

NSE Losers

NIFTY 5 Days Up

World Indices

Indian Equity Market

Technical Analysis

Nifty Spot

Bank Nifty Future

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MARKET WRAP

Indian markets ended up 1.20% this week, Nifty up 68 pts & Sensex up 158 pts.

India’s Q1 GDP at 8.8% vs. 8.6% & at market price restated to 10.02% vs. 3.7%.

Global markets surge 2% - 3% on best major economic data in last two weeks.

Indian equity markets ended up 1.20% this week with Nifty gaining 68 points to settle

above 5450 at 5479 and Sensex surged 158 pts to end above 18K level at 18221.

Nifty was positive mostly during the week but ended on negative basis.

It touched weekly high of 5513 & support of 5350. Nifty junior and CNX midcap gained

2.2% - 2.8%. In pharmaceuticals, Ranbaxy gained 7% while Sun pharma was down

2.6%. Reliance Infra, Ambuja & ICICI surged 3% - 5%. In metals, Tata steel was up 6%.

India’s Q1 Gross Domestic Product came better than expected at 8.80% vs. 8.6%.

Q1 GDP is also revised at 10.02% from 3.70% because of wrong calculations.

Manufacturing sector jumped 12.4% while Farm sector expanded 2.80%. India’s exports

rose for 9th straight month in July, grew at annual 13.2% to USD 16.24 bn & imports are

up 34.30% at USD 29.17 bn. Food price inflation accelerated to 10.86% & fuel price

inflation is up at 12.86% vs. 12.57%.

Global markets rallied this week due to better US & Europe economic data ending

fears of double dip recession. It was best economic data posted in last two weeks. DJIA

surged 297 pts ending at 10447 & S&P gained 39 pts and is at 1104. The US consumer

confidence came better at 53.5, Non-farm employment is down at (-)54K vs. (-)101K,

Pending home sales jumped to 5.2% vs. (-)1.3% & ISM manufacturing PMI is up at 56.3

vs. 53.2. European markets too ended higher with FTSE surging 226 pts settling at

5428 while DAX & CAC is up at 6134 & 3672 respectively.

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MARKET PERFORMANCE

NSE GAINERS

Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)

Vindhya Telelinks 352.40 235.45 116.95 49.67

EIH Associated 209.05 143.65 65.40 45.53

Birla Ericsson 23.25 16.40 6.85 41.77

Hercules Hoists 343.65 258.45 85.20 32.97

Kesar Enterprises 73.80 56.00 17.80 31.79

NSE LOSERS

Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)

Ramsarup Industries 67.85 103.10 -35.25 -34.19

Harrisons Malayalam 90.85 133.05 -42.20 -31.72

Blue Bird 10.05 14.60 -4.55 -31.16

Bartronics India 103.20 141.55 -38.35 -27.09

Asian Hotels 395.35 503.75 -108.40 -21.52

NIFTY - 5 DAYS UP

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

(Rs.)

5 Days Return

(%)

Suzlon 51.30 47.70 3.60 7.55

Tata Steel 544.05 510.15 33.90 6.65

Hindalco 173.65 164.00 9.65 5.88

Airtel 334.10 316.10 18.00 5.69

Sterlite 160.65 152.05 8.60 5.66

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WORLD INDICES

Indices Country Date Index Net Change Change (%)

Hang Seng Hong Kong 03-Sep-10 20,971.50 374.15 1.82

Jakarta Composite

Indonesia 03-Sep-10 3,164.28 59.55 1.92

Nikkei 225 Japan 03-Sep-10 9,114.13 123.07 1.37

KLSE Composite

Malaysia 03-Sep-10 1,435.67 24.62 1.74

Straits Times

Singapore 03-Sep-10 3,002.56 63.82 2.17

Seoul Composite

South Korea 03-Sep-10 1,780.02 50.46 2.92

FTSE 100 United

Kingdom 03-Sep-10 5,428.15 226.59 4.36

Nasdaq United States 04-Sep-10 2,233.75 80.12 3.72

DJIA United States 04-Sep-10 10,447.93 297.28 2.93

S&P 500 United States 04-Sep-10 1,104.51 39.92 3.75

INDIAN EQUITY MARKET

INDICES VALUE CHANGE % CHANGE

NIFTY 5,479.40 70.70 1.31

BANK NIFTY 10,977.70 236.00 2.20

SENSEX 18,221.43 223.02 1.24

TECHNICAL

WEEKLY PIVOT

INDICES R4 R3

NIFTY 5943 5778 5612

OUTLOOK

Trend:- Consolidate

Resistance:- 5550

Support:- 5350, 5

Strategy:- Buy on dips

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ECHNICAL VIEW

NIFTY

R2 R1 P S1 S2

5612 5546 5447 5381 5282

Consolidate

5550, 5675

, 5210

Buy on dips

NIFTY WEEKLY

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S3 S4

5117 4952

WEEKLY PIVOT

SCRIPT R4 R3

BANK NIFTY 11940 11584

OUTLOOK

Trend:- Consolidate

Resistance:- 11110

Support:- 10630,

Strategy:- Buy on dips

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BANK NIFTY

R2 R1 P S1 S2

11584 11229 11103 10873 10748 10518

Consolidate

11110, 11230

, 10300

Buy on dips

BANK NIFTY WEEKLY

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S2 S3 S4

10518 10162 9807

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