Weekly Newsletter13/09/2010

Weekly Newsletter-Equity

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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%.

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MARKET PERFORMANCE

NSE GAINERS

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

Axis IT&T 134.70 84.35 50.35 59.69

Parekh Aluminex 499.15 315.65 183.50 58.13

Energy Development 58.90 40.60 18.30 45.07

KRBL 36.95 25.55 11.40 44.62

Manali Petrochem 15.45 10.75 4.70 43.72

NSE LOSERS

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

Surana Telecom 19.10 62.95 -43.85 -69.66

Ramsarup Ind 66.55 115.40 -48.85 -42.33

Sakthi Finance 13.00 19.65 -6.65 -33.84

Asian Hotels 344.05 459.70 -115.65 -25.16

Sesa Goa 311.40 377.00 -65.60 -17.40

NIFTY - 5 DAYS UP

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

(Rs.)

5 Days Return

(%)

Tata Steel 593.65 540.95 52.70 9.74

ACC 980.90 896.65 84.25 9.40

Ambuja 136.50 125.95 10.55 8.38

Idea 76.75 71.30 5.45 7.64

SBI 2984.05 2773.40 210.65 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

KLSE Composite

Malaysia 9-Sep-10 1,437.78 2.11 0.15

Straits Times

Singapore 9-Sep-10 3,022.28 19.72 0.66

Seoul Composite

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

INDIAN EQUITY MARKET

INDICES VALUE CHANGE % CHANGE

NIFTY 5,640.05 160.65 2.93

BANK NIFTY 11,388.20 410.50 3.74

SENSEX 18,799.66 578.23 3.17

TECHNICAL

WEEKLY PIVOT

INDICES R4 R3

NIFTY 6093 5925 5757

OUTLOOK

Trend:- Bullish

Resistance:- 5680

Support:- 5550, 5

Strategy:- Buy on dips

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ECHNICAL VIEW

NIFTY

R2 R1 P S1 S2

5757 5698 5589 5531 5421

80, 5770

, 5475

Buy on dips

NIFTY WEEKLY

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S3 S4

5253 5085

WEEKLY PIVOT

SCRIPT R4 R3

BANK NIFTY 12478 12075

OUTLOOK

Trend:- Bullish

Resistance:- 11530

Support:- 11240,

Strategy:- Buy on dips

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BANK NIFTY

R2 R1 P S1 S2

12075 11671 11530 11268 11126 10864

11530, 11670

, 11000

Buy on dips

BANK NIFTY WEEKLY

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S2 S3 S4

10864 10460 10057

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