Weekly Equity Newsletter - 21 March to 25 March

Weekly Newsletter21/03/2011

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 down 1.70%, Nifty slips below 5400, down 72 pts.

RBI hikes repo & reverse repo rate by 25 BPS to 6.75 & 5.75% respectively.

Global markets ends down, Euro markets melts down 2-5%, Nikkei plunges 10%.

Indian equity market ended down due to negative global cues and rebound in crude oil

prices as Nifty slipped below 5400 & Sensex nosedived below 18K. Nifty sliced 72 pts to

end a range bound session at 5374 while Sensex shredded 296 pts to end at 17878.

Bank nifty future ended flat despite RBI’s recent rate hike. Nifty is likely to witness range

bound session in coming week between 5200- 5500 while crude & inflation will be

crucial trigger. India VIX ended well above 25 signaling a bearish mark.

RBI in its recent credit policy review meet hiked the policy rates and kept reserve ratios

unchanged. RBI hiked repo and reverse repo rate by 25 BPS to 6.75% and 5.75%

respectively while CRR is unchanged at 6% & SLR at 24%. This has put a pressure on

banks to hike interest rates as well. Feb headline WPI inflation came trivially up at

8.31% vs. 8.23% m/m and well above expected at 7.79%. Food price inflation eased

down to 9.42 vs. 9.52% w/w and Fuel price inflation jumped to 12.79% vs. 9.48% w/w.

Global equity markets ended down due to rising Nuke concerns of Japan’s, rising

Japanese Yen, rebound in crude oil prices and global economic instability. DJIA ended

below 111k at 11858 while Nasdaq lost 2.65% to end at 2644. European markets hit

hard as DAX sliced 4.5% to end at 6645, CAC lost 3% to settle at 3811 and FTSE down

2% at 5719. Nikkei plunged 10% but recovered nearly 6% to end at 9207 as G&

pledged to intervene to stop rising Yen. Hangseng ended down 4% at 22300 on recent

rate hike by 50 BPS, 3rd this year, to deal with liquidity crisis.



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MARKET PERFORMANCE

NSE GAINERS

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

Fame India 63.55 41.60 21.95 52.76

Pondy Oxides 34.00 24.75 9.25 37.37

IFB Industries 153.45 122.35 31.10 25.42

Andhra Cements 14.20 11.50 2.70 23.48

Parsvnath 37.70 30.75 6.95 22.60

NSE LOSERS

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

MphasiS 384.45 659.45 -275.00 -41.70

Twilight Litaka 47.45 80.75 -33.30 -41.24

Parenteral Drugs 142.80 237.70 -94.90 -39.92

Kalindee Rail 91.85 143.70 -51.85 -36.08

Pioneer Distilleries 47.20 73.35 -26.15 -35.65

NIFTY - 5 DAYS UP

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

(%)

R Capital 576.15 583.30 512.15 12.50

R Com 104.60 106.60 96.30 8.62

Ambuja 132.45 131.75 125.75 5.33

R Infra 627.70 653.10 604.65 3.81

Sun Pharma 434.70 435.30 420.55 3.36



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WORLD INDICES

Indices Country Date Index Net Change Change (%)

Hang Seng Hong Kong 18-Mar-11 22,300.23 -949.55 -4.08

Jakarta Composite

Indonesia 18-Mar-11 3,494.07 -48.16 -1.36

Nikkei 225 Japan 18-Mar-11 9,206.75 -1,047.68 -10.22

KLSE Comp. Malaysia 18-Mar-11 1,503.89 8.27 0.55

Straits Times Singapore 18-Mar-11 2,935.78 -107.71 -3.54

Seoul Comp. South Korea 18-Mar-11 1,981.13 25.59 1.31

FTSE 100 United Kingdom 18-Mar-11 5,718.13 -110.54 -1.90

CAC 40 France 18-Mar-11 3,810.22 -118.46 -3.02

DAX Germany 18-Mar-11 6,664.40 -317.09 -4.54

Nasdaq United States 19-Mar-11 2,643.67 -71.94 -2.65

DJIA United States 19-Mar-11 11,858.52 -185.88 -1.54

S&P 500 United States 19-Mar-11 1,279.20 -25.08 -1.92

INDIAN EQUITY MARKET

INDICES VALUE CHANGE % CHANGE

NIFTY 5,373.70 -71.75 -1.32

BANK NIFTY 10,756.10 -18.60 -0.17

SENSEX 17,878.81 -295.28 -1.62

TECHNICAL

WEEKLY PIVOT

INDEX R4 R3

NIFTY 5942 5770

OUTLOOK

Trend:- Consolidate

Resistance:- 5490

Support:- 5300, 5

Strategy:- Sell on highs


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ECHNICAL VIEW

NIFTY

R2 R1 P S1 S2

5598 5486 5426 5314 5254

Consolidate

490, 5600

5170

Sell on highs

NIFTY WEEKLY



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S3 S4

5254 5082 4910

WEEKLY PIVOT

INDEX R4 R3

BANK NIFTY 12158 11718

OUTLOOK

Trend:- Consolidate

Resistance:- 1110

Support:- 10400,

Strategy:- Sell on highs


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BANK NIFTY

R2 R1 P S1 S2

11718 11278 11027 10838 10587 10398

Consolidate

00, 11300

, 10040

Sell on highs

BANK NIFTY WEEKLY



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S2 S3 S4

10398 9958 9518



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Weekly Equity Newsletter - 21 March to 25 March

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