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Weekly Newsletter24/01/2011

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

Nifty consolidates in a tight range of 5600 - 5750, up 49 pts & Sensex up 147 pts.

Food inflation eases down to 15.52% & fuel price inflation unchanged at 11.53%.

Global markets ends mixed, DJIA up 84 pts while Nasdaq plunges 55 pts or 2.4%.

Indian equity market ended on a positive note as it consolidates in a tight range of

5600-5750 ahead of crucial RBI meet and F&O expiry next week. Nifty added 41.9 pts

this week to settle at 5696.50 while Sensex added 147 pts to settle just above 19K at

19007.5. Bank nifty was major gainer as it added 457.3 pts to end at 10896.85 post

better quarterly results of major banks. In frontline stocks, SBI, ICICI and Kotak bank

gained 4 - 5% while HCL tech and TCS rallied 6-8% post better quarterly earnings.

India’s Dec food price inflation eased down to 15.52% vs. 16.91% w/w while fuel

price inflation was unchanged at 11.53%. The headline WPI inflation is up at 8.43% vs.

7.48%. The RBI in its credit policy review meet on 25th Jan may hike rates by 75 BPS.

In quarterly earnings, TCS Q3FY11 net sales were up 4.05% at Rs. 9663.35 Cr. vs.

9286.39 Cr. While its net profit jumped 9.24% to Rs. 2369.83 Cr. while Wipro came up

with decent numbers with net profit up 3.4% at Rs. 1319 Cr. vs. Rs. 1276 Cr.

Global equity markets ended mixed with DJIA gaining 84 pts post better economic data

supported by robust G.E earnings. The jobless claims fell to 404k vs. 441k w/w and

home sales came up at 5.28m vs. 4.70m. NASDAQ plunged 2.40% post China’s rate

hike to tame inflation. The Euro markets too ended mixed with CAC up 34 pts at 4017

while DAX was down 13 pts at 7062 & FTSE was worst hit, down 105 pts or 1.75% at

5896 due to retail sales down at (-) 0.8% m/m. Asian markets ended in red with

Hangseng down 1.67%, Nikkei down 2.15% and Jakarta comp. worst hit, down 5.3%.


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MARKET PERFORMANCE

NSE GAINERS

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

LIC Housing 194.05 151.30 42.75 28.26

TCI Finance 92.65 76.15 16.50 21.67

Tata Coffee 715.60 593.35 122.25 20.60

Ajanta Pharma 217.30 181.00 36.30 20.06

Shyam Telecom 56.35 47.55 8.80 18.51

NSE LOSERS

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

Jupiter Bioscience 31.50 53.90 -22.40 -41.56

Murli Industries 39.80 62.25 -22.45 -36.06

Jai Balaji 195.55 258.90 -63.35 -24.47

HEG 214.05 277.75 -63.70 -22.93

Pondy Oxides 32.10 41.50 -9.40 -22.65

NIFTY - 5 DAYS UP

Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) 5 Days Return

(%)

TCS 1211.65 1212.20 1120.15 8.17

Axis Bank 1287.05 1285.10 1201.60 7.11

HCL Tech 499.55 510.85 470.60 6.15

ICICI Bank 1065.55 1050.55 1009.20 5.58

Bajaj Auto 1313.30 1300.20 1246.80 5.33


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WORLD INDICES

Indices Country Date Index Net Change Change (%)

Hang Seng Hong Kong 21-Jan-11 23,876.86 -406.37 -1.67

Jakarta Composite

Indonesia 21-Jan-11 3,379.54 -189.60 -5.31

Nikkei 225 Japan 21-Jan-11 10,274.52 -224.52 -2.14

KLSE Comp. Malaysia 21-Jan-11 1,547.43 -22.46 -1.43

Straits Times Singapore 21-Jan-11 3,184.60 -61.36 -1.89

Seoul Comp. South Korea 21-Jan-11 2,069.92 -38.25 -1.81

FTSE 100 United Kingdom 21-Jan-11 5,896.25 -105.82 -1.76

CAC 40 France 21-Jan-11 4,017.45 34.17 0.86

DAX Germany 21-Jan-11 7,062.42 -13.28 -0.19

Nasdaq United States 22-Jan-11 2,689.54 -65.76 -2.39

DJIA United States 22-Jan-11 11,871.84 84.46 0.72

S&P 500 United States 22-Jan-11 1,283.35 -9.89 -0.76

INDIAN EQUITY MARKET

INDICES VALUE CHANGE % CHANGE

NIFTY 5,696.50 41.95 0.74

BANK NIFTY 10,896.85 457.30 4.38

SENSEX 19,007.53 147.09 0.78

TECHNICAL

WEEKLY PIVOT

INDEX R4 R3

NIFTY 6061 5937

OUTLOOK

Trend:- Bearish

Resistance:- 5790

Support:- 5620, 5

Strategy:- Sell on highs

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ECHNICAL VIEW

NIFTY

R2 R1 P S1 S2

5813 5755 5689 5631 5565

5790, 5910

5540

Sell on highs

NIFTY WEEKLY


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S3 S4

5565 5441 5317s

WEEKLY PIVOT

INDEX R4 R3

BANK NIFTY 12385 11835

OUTLOOK

Trend:- Consolidate

Resistance:- 11180

Support:- 10510, 1

Strategy:- Sell on highs

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BANK NIFTY

R2 R1 P S1 S2

11835 11285 11091 10735 10541 10185

Consolidate

180, 11400

, 10300

Sell on highs

BANK NIFTY WEEKLY


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S2 S3 S4

10185 9635 9085


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