Weekly Newsletter10/01/2011

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

Indian market ended down despite positive global markets, Nifty down 229 pts.

Food price inflation came up at 18.32% & fuel price inflation came at 11.63%.

Global markets ends up, Nasdaq up 50 pts, DJIA up 97 pts & FTSE up 84.3 pts

Indian equity market ended the first week of 2011 negative despite positive global cues

as FII offloaded their exposure while DII were major buyers. Nifty sliced down 229 pts or

3.75% to end at 5904, below 6k while Sensex slipped below 20k shredding 817 pts or

3.98% to settle at 19691.80. Bank nifty was worst hit though made a double bottom at

11040 to end at 11081, down 758 pts. Bankex, Auto, and realty were down 5 - 7% while

metal stocks were down 3 - 4%. Oil, FMCG & Healthcare were marginally down 1 - 2%.

India’s food price inflation accelerated this week to 18.32% vs. 14.40% while fuel

price inflation was unchanged at 11.63% y/y. The primary articles index came up

at 20.20% vs. 17.24%. The WPI inflation is at 7.48% while it is expected to

accelerate above 8% which may put pressure on RBI for further monetary

tightening and increase key policy rates. In a recent survey, India’s factory PMI

in Dec slipped to 56.7 vs. 58.4 while Services PMI in Dec slipped to 57.7 vs. 60.1 m/m.

Global equity markets ended in green due to positive economic data as major global

indices ends near their 52 weeks high on recovery hopes though weaker U.S retail

sales & jobless data hampered gains. DJIA ended up 97 pts at 11674.7 & NASDAQ

climbed to 2703.3, up 50.3 pts or 1.90%. In Euro zone, FTSE was up 84.3 pts to end at

5984 and DAX gained 34 pts to end at 6947.8 and CAC ended up at 3865.

Asian markets ended up with Hangseng up 2% & Nikkei up 3%.

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MARKET PERFORMANCE

NSE GAINERS

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

Compuage Infocom 230.75 190.90 39.85 20.87

Bhartiya Int 96.30 80.85 15.45 19.11

Delta Magnets 54.25 46.30 7.95 17.17

G M Breweries 124.80 107.70 17.10 15.88

TCI Finance 54.10 47.45 6.65 14.01

NSE LOSERS

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

Spectacle Infotek 31.60 128.45 -96.85 -75.40

Money Matters 113.40 228.95 -115.55 -50.47

Jupiter Bioscience 46.50 66.55 -20.05 -30.13

Sujana Metal 15.45 22.05 -6.60 -29.93

Weizmann 19.25 27.35 -8.10 -29.62

NIFTY - 5 DAYS UP

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

(%)

GAIL 524.45 527.15 512.65 2.30

Cairn India 340.15 341.70 332.75 2.22

HCL Tech 465.25 477.70 456.25 1.97

Tata Power 1389.25 1399.30 1365.55 1.74

Sun Pharma 493.35 500.00 484.95 1.73

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WORLD INDICES

Indices Country Date Index Net Change Change (%)

Hang Seng Hong Kong 07-Jan-11 23,686.63 651.18 2.83

Jakarta Composite

Indonesia 07-Jan-11 3,631.45 -72.06 -1.95

Nikkei 225 Japan 07-Jan-11 10,541.04 312.12 3.05

KLSE Composite

Malaysia 07-Jan-11 1,572.21 53.30 3.51

Straits Times

Singapore 07-Jan-11 3,261.35 71.31 2.24

Seoul Composite

South Korea 07-Jan-11 2,086.20 35.20 1.72

FTSE 100 United

Kingdom 07-Jan-11 5,984.33 84.39 1.43

Nasdaq United States 08-Jan-11 2,703.17 50.30 1.90

DJIA United States 08-Jan-11 11,674.76 97.25 0.84

S&P 500 United States 08-Jan-11 1,271.50 13.86 1.10

INDIAN EQUITY MARKET

INDICES VALUE CHANGE % CHANGE

NIFTY 5,904.60 -229.90 -3.75

BANK NIFTY 11,081.00 -758.00 -6.40

SENSEX 19,691.81 -817.28 -3.98

TECHNICAL

WEEKLY PIVOT

INDEX R4 R3

NIFTY 6883 6585

OUTLOOK

Trend:- Consolidate

Resistance:- 6120

Support:- 5790, 5

Strategy:- Sell on highs

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ECHNICAL VIEW

NIFTY

R2 R1 P S1 S2

6287 6096 5989 5798 5691

Consolidate

6120, 6180

5670

Sell on highs

NIFTY WEEKLY

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S3 S4

5691 5393 5095

WEEKLY PIVOT

INDEX R4 R3

BANK NIFTY 14104 13189

OUTLOOK

Trend:- Consolidate

Resistance:- 11450

Support:- 10800, 1

Strategy:- Sell on highs

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BANK NIFTY

R2 R1 P S1 S2

13189 12274 11677 11359 10762 10444

Consolidate

1450, 11680

, 10620

Sell on highs

BANK NIFTY WEEKLY

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S2 S3 S4

10444 9529 8614

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