Weekly Equity Report by CapitalHeight.com – 28 March to 01 April

Weekly Newsletter28/03/2011

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 equity market ends up 5.2%, Nifty above 5600 & Sensex nears 19000.

India’s foreign exchange reserves surged by USD 1.67 Bn to USD 303.51 Bn.

Global markets rebounds, DJIA & Nasdaq up 3% & European markets up 3-4%.

Indian equity market ended up on the back of positive global cues complimented by

short covering, FII & DII’s buying and technical break out in Nifty. Nifty surged 280 pts to

end above 5600 at 5654 while Sensex surged 936 pts to end at 18815. The next crucial

resistance will be 200 DMA at 5700 while on the downside 5550 will be strong support.

Bank Nifty future rallied 695 pts to end above 11K mark at 11451. In frontline stocks,

Infosys, SBI, Tata Motors, ICICI and RIL were major gainers.

India’s foreign exchange reserves surged by USD 1.67 Bn to USD 303.51 Bn on the

back of healthy increase in foreign currency assets (FCA) in the week ended on 19th

March. Food inflation snapped the downtrend and came up at 10.05% vs. 9.42% w/w

while Fuel price inflation was unchanged at 12.79%. The headline WPI inflation is

at 8.31%. As per the new banking bill; anyone seeking to acquire 5% or more share

capital would need a nod from RBI.

Global equity markets rebounded and posted the best week of the year. Dow Jones

gained 3% to end above 12K at 12221 while Nasdaq surged 100 pts to end at 2743.

U.S final GDP q/q came up at 3.1% vs. 2.8% as against expected at 3.0% while

unemployment claims came down at 382K vs. 388K. In European markets, DAX added

282 pts to end at 6947 while FTSE gained 182 pts to end at 5901 & CAC gained 162

pts to settle at 3973. In Asian markets, Nikkei & Jakarta Comp rallied 3.5% while

Hangseng & Straits Times surged 4 - 5%



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MARKET PERFORMANCE

NSE GAINERS

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

Kamat Hotels 106.65 80.85 25.80 31.91

Batliboi 24.00 19.15 4.85 25.33

Glodyne Tech 441.90 360.65 81.25 22.53

Atlanta 89.25 73.10 16.15 22.09

Deccan Chronicle 79.85 65.80 14.05 21.35

NSE LOSERS

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

Parenteral Drugs 139.55 220.00 -80.45 -36.57

Blue Coast Hotels 168.45 255.00 -86.55 -33.94

Shah Alloys 13.00 17.50 -4.50 -25.71

Tulsyan NEC 49.00 65.16 -16.16 -24.80

Khaitan 28.30 36.70 -8.40 -22.89

NIFTY - 5 DAYS UP

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

(%)

JP Associates 90.40 83.00 7.40 8.92

BHEL 2090.95 1920.15 170.80 8.90

ICICI 1091.10 1003.60 87.50 8.72

IDFC 155.65 143.35 12.3 8.58

Hindalco 206.65 190.7 15.95 8.36



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WORLD INDICES

Indices Country Date Index Net Change Change (%)

Hang Seng Hong Kong 25-Mar-11 23,158.67 858.44 3.85

Jakarta Composite

Indonesia 25-Mar-11 3,607.11 113.04 3.24

Nikkei 225 Japan 25-Mar-11 9,536.13 329.38 3.58

KLSE Comp. Malaysia 25-Mar-11 1,515.55 11.66 0.78

Straits Times Singapore 25-Mar-11 3,070.84 135.06 4.60

Seoul Comp. South Korea 25-Mar-11 2,054.04 72.91 3.68

FTSE 100 United Kingdom 25-Mar-11 5,900.76 182.63 3.19

CAC 40 France 25-Mar-11 3,972.38 162.16 4.25

DAX Germany 25-Mar-11 6,946.36 281.96 4.23

Nasdaq United States 26-Mar-11 2,743.06 99.39 3.76

DJIA United States 26-Mar-11 12,220.59 362.07 3.05

S&P 500 United States 26-Mar-11 1,313.80 34.60 2.70

INDIAN EQUITY MARKET

INDICES VALUE CHANGE % CHANGE

NIFTY 5,654.25 280.55 5.22

BANK NIFTY 11,451.10 695.00 6.46

SENSEX 18,815.64 936.83 5.23

TECHNICAL

WEEKLY PIVOT

INDEX R4 R3

NIFTY 6517 6197

OUTLOOK

Trend:- Consolidate

Resistance:- 5800

Support:- 5490, 5

Strategy:- Buy on dips


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ECHNICAL VIEW

NIFTY

R2 R1 P S1 S2

5877 5765 5557 5445 5237

ate

800, 5970

5300

Buy on dips

NIFTY WEEKLY



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S3 S4

5237 4917 4597

WEEKLY PIVOT

INDEX R4 R3

BANK NIFTY 13610 12810

OUTLOOK

Trend:- Consolidate

Resistance:- 11720

Support:- 11040,

Strategy:- Buy on dips


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BANK NIFTY

R2 R1 P S1 S2

12810 12010 11730 11210 10930 10410

Consolidate

720, 12050

, 10720

Buy on dips

BANK NIFTY WEEKLY



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S2 S3 S4

10410 9610 8810



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Weekly Equity Report by CapitalHeight.com – 28 March to 01 April

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