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Weekly Newsletter Newsletter-Equity 25/10/2010

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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 ended in flat, Nifty below 6100 at 6066 & Sensex at 20165. TCS Q2 net profit up 14% at `2106 Cr. & BOI Q2 net profit up 116% at `697.14 Cr. DJIA up for 3rd week, German IFO business climate index at a 42 month high.

Indian equity markets ended flat for the week with a positive bias as Nifty ended up 3.4 pts or 0.6% to end below the crucial level of 6100 at 6066 while Sensex added 40 pts or 0.2% to settle below 20250 at 20165. Nifty saw huge profit booking at 6100-6150 level and 5950 acted as crucial support. It is ranged in 6150-5950 for the week. Bank nifty future ended down marginally at 12424, down 12 pts and touched weekly high of 12620.

India’s food price inflation eased down to 15.53% vs. 16.37% & fuel price inflation index was unchanged at 11.14%. In results, TCS posted Q2 net profit up 14% at `2106 Cr. & its sales were up 13% at `9285 Cr. while Wipro Q2 net profit was down 2.56% at `1284.9 Cr. In financials, Bank of India posted net profit of `697.14 Cr., up 116%. Pharmaceutical major Piramal healthcare posted a consolidated net profit of `12540 Cr.

DJIA posted third weekly gain with US stocks in upward momentum due to better than expected quarterly earnings of major Wall Street cos. and QE2 for equity markets. DJIA added 69.78 pts to end at 11132 & NASDAQ too consecutively ended up 10 pts at 2479. European markets ended in green with FTSE up 68 pts at 5741 & DAX settled at 6605 as German flash services, mfg. PMI & PPI came better than expected complimented by IFO business climate at 42 month high, up at 107.6. In Asian markets, Hangseng ended down 240 pts & Nikkei shred 73 pts as CNY industrial production slipped down to 13.3%, Q3 GDP slowed down to 9.6% y/y & unexpected hike in interest rates due to worries over inflation and asset prices. www.capitalheight.com


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MARKET PERFORMANCE NSE GAINERS Company Name

Current(Rs.)

Prev. Close (Rs.)

Change (Rs.)

Change (%)

Cura Technologies Jay Bharat Maruti Rane Madras Tilaknagar Ind Steel Strips Wheels

269.65 106.45 186.60 99.75 391.30

190.00 81.75 145.30 78.45 311.20

79.65 24.70 41.30 21.30 80.10

41.92 30.21 28.42 27.15 25.74

Company Name

Current(Rs.)

Prev. Close (Rs.)

Change (Rs.)

Change (%)

Ganesh Forging Ramsarup Ind Gallantt Metal Times Guaranty Zenith Birla

10.05 42.70 25.60 53.00 12.00

15.25 60.40 35.80 71.30 16.05

-5.20 -17.70 -10.20 -18.30 -4.05

-34.10 -29.30 -28.49 -25.67 -25.23

NSE LOSERS

NIFTY - 5 DAYS UP Company Name

Current(Rs.)

Prev. Close (Rs.)

5 Days ago (Rs.)

5 Days Return (%)

Cipla Sun Pharma RIL TCS BPCL

345.25 2120.90 1081.65 986.20 720.95

331.70 2039.55 1040.35 950.30 695.15

13.55 81.35 41.30 35.90 25.80

4.09 3.99 3.97 3.78 3.71

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WORLD INDICES Indices

Country

Date

Index

Net Change

Change (%)

Hang Seng

Hong Kong

22-Oct-10

23,517.54

-240.09

-1.01

Jakarta Composite

Indonesia

22-Oct-10

3,597.75

0.72

0.02

Nikkei 225

Japan

22-Oct-10

9,426.71

-73.54

-0.77

Malaysia

22-Oct-10

1,490.64

0.78

0.05

Singapore

22-Oct-10

3,173.57

-30.70

-0.96

South Korea

22-Oct-10

1,897.31

-4.98

-0.26

FTSE 100

United Kingdom

22-Oct-10

5,741.37

38.00

0.67

Nasdaq

United States

23-Oct-10

2,479.39

10.62

0.43

DJIA

United States

23-Oct-10

11,132.56

69.78

0.63

S&P 500

United States

23-Oct-10

1,183.08

6.89

0.59

KLSE Composite Straits Times Seoul Composite

INDIAN EQUITY MARKET INDICES

VALUE

CHANGE

% CHANGE

NIFTY BANK NIFTY SENSEX

6,066.05 12424.30 20,165.86

3.40 -12.40 40.81

0.06 -0.10 0.20

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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES

R4

R3

R2

R1

P

S1

S2

S3

S4

NIFTY

6536

6375

6214

6140

6053

5979

5892

5731

5570

OUTLOOK Trend:- Consolidate Resistance:- 6190 190, 6300 Support:- 5960, 55880 Strategy:- Buy on dips NIFTY WEEKLY

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BANK NIFTY WEEKLY PIVOT SCRIPT

R4

R3

R2

R1

P

S1

S2

S3

S4

BANK NIFTY

13648

13238

12828

12626

12418

12216

12008

11598

11188

OUTLOOK Trend:- Consolidate Resistance:- 12680 680, 12880 Support:- 12240,, 12060 Strategy:- Buy on dip dips BANK NIFTY WEEKLY

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