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Weekly Newsletter Newsletter-Equity 08/11/2010

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Weekly Newsletter Contents Market Wrap Market Performance NSE Gainers NSE Losers NIFTY Five Days Up Technical Analysis Nifty Spot Bank Nifty Future

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MARKET WRAP Indian market touched all time high, Nifty above 6300 and Sensex above 21K. RBI hikes repo rate by 25 bps to 6.25% and reverse repo by 25 bps to 5.25%. Global equity markets ended up as fed reserve unleashed QE worth $600 Bn.

Indian equity markets breached its all time high with Nifty ending above 6300 at 6312 while Sensex breached the 21k level to end at 21004. Nifty touched an all time high of 6338 while Sensex hit 21108. The Bank nifty future too rallied and touched an all time high of 13314. The gainers were major frontline stocks this week. SBI touched an all time high of 3515 while ICICI touched 1279. In metals, Hindalco touched all time high of 239. In Pharmaceutical space, Sun Pharma touched an all time high of 2296.

India’s food price inflation eased down for third consecutive week in a row. Food price inflation in late Oct came down at 12.85% vs. 13.75% as prices of vegetables and pulses fell. The fuel price inflation came down at 10.67% vs. 11.25%. Reserve bank of India in its monetary policy review met this week has hiked the Repo, STLR by 25 BPS to 6.25% while Reverse repo, STBR has been hiked by 25 bps to 5.25%. India’s factory PMI in October rose sharply to 57.2 vs. 55.1 in Sept.

Global equity markets ended positive after crucial fed reserve meet on quantitative easing and ahead of G20 meet as well. DJIA ended at a two year high as Fed reserve unveiled the $600 bn plan to boost the economy by purchasing Treasury bond’s in open market. The Standard & Poor’s index gained 1.7% as well. Dow futures rallied 260 pts and touched the high of 11426 to settle at 11372. The global markets ended in green as it was also complimented by the FOMC meet that kept the rates unchanged and upbeat US economic data like non-farm unemployment coming better than expected. www.capitalheight.com


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MARKET PERFORMANCE NSE GAINERS Company Name

Current(Rs.)

Prev. Close (Rs.)

Change (Rs.)

Change (%)

Sujana Metal Northgate Tech Nitin Fire Sri Adhikari Bros Delta Corp

43.50 24.05 88.40 52.50 117.45

31.90 17.85 66.32 40.30 92.45

11.60 6.20 22.08 12.20 25.00

36.36 34.73 33.29 30.27 27.04

Company Name

Current(Rs.)

Prev. Close (Rs.)

Change (Rs.)

Change (%)

Celebrity Fashions Glory Polyfilms TRF Ramsarup Ind Transwarranty

15.20 11.25 638.75 39.30 37.75

31.95 16.50 922.70 54.05 51.25

-16.75 -5.25 -283.95 -14.75 -13.50

-52.43 -31.82 -30.77 -27.29 -26.34

NSE LOSERS

NIFTY - 5 DAYS UP Company Name

Current(Rs.)

Prev. Close (Rs.)

5 Days ago (Rs.)

5 Days Return (%)

JP Assocites Ambuja R Power Tata Motors Sterlite Ind

138.15 163.60 172.10 1269.25 186.15

133.90 151.65 164.90 1244.95 181.70

124.20 150.85 160.10 1185.55 176.50

11.23 8.45 7.50 7.06 5.47

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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES

R4

R3

R2

R1

P

S1

S2

S3

S4

NIFTY

7007

6753

6499

6405

6245

6151

5991

5737

5483

OUTLOOK Trend:- Bullish Resistance:- 6415 6415, 6600 Support:- 6225, 66150 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

15589

14730

13781

13569

13012

12710

12153

11294

10435

OUTLOOK Trend:- Bullish Resistance:- 13560 13560, 13780 Support:- 13040, 12880 Strategy:- Buy on dip dips BANK NIFTY WEEKLY

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