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Weekly Newsletter Newsletter-Equity 11/10/2010

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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 markets ended in red due to profit booking, Nifty down 39.95 pts. HSBC market PMI slips to 55.1 & food inflation eases down to 16.24 % vs. 16.4%. Global markets ended in green, DJIA above 11k & Asian stocks at a 2-year high.

Indian

markets ended negative for the week ending the one month consecutive

uptrend. Nifty touched the new 33 month high of 6223 while Sensex touched the high of 20706. Nifty lost 39.95 pts or 0.65% to end at 6103 holding the 6100 level while Sensex sliced 194.78 pts or 0.95% to settle at 20250. Nifty is ranged between 6050-6200. Bank nifty futures sliced 104 pts ending at 12530 after touching an all time high of 12787.

India’s food inflation in the year till Sep 25 eased down to 16.24% vs. 16.44% last week as price of wheat, pulses, and cereals fell, also, improved supplies. The Reserve bank of India has relaxed the guidelines on restructured loans given to corporate, granting more time to repay their shares funds to bank. HSBC market PMI, an indicator of manufacturing expansion in India declined for 2nd straight month to 55.1; it’s lowest in 10 month while market business activity index fell to a 10 month low as well.

Global equity markets ended positive led by positive economic data of US & European economy. Dow Jones ended above 11k gaining 176 pts for the week ending at 11006 owing to expectations that Fed reserve may do more quantitative easing as US jobless claims came almost flat at 445k and average hourly earnings flat at 0.0% vs. 0.3%. NASDAQ gained 31 pts to end above 2400. Euro markets ended positive for the week with FTSE gaining 64 pts to settle at 5657. German DAX ended at 6291 as industrial production came better at 1.7% vs. 0.1%. Asian markets ended positive with HANGSENG & Nikkei leading the region. www.capitalheight.com


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MARKET PERFORMANCE NSE GAINERS Company Name

Current(Rs.)

Prev. Close (Rs.)

Change (Rs.)

Change (%)

Kinetic Motor Vimta Labs Reliance Media Glory Polyfilms Tainwala Chem

39.95 44.90 283.00 19.10 26.25

24.05 32.45 213.60 14.75 20.75

15.90 12.45 69.4 4.35 5.50

66.11 38.37 32.49 29.49 26.51

Company Name

Current(Rs.)

Prev. Close (Rs.)

Change (Rs.)

Change (%)

Dalmia Bharat PTL Enterprises Gallantt Metal Mangalam Timber Andhra Pradesh

54.90 38.50 31.75 24.10 181.25

222.75 53.35 41.25 30.85 228.9

-167.90 -14.85 -9.50 -6.75 -47.65

-75.35 -27.84 -23.03 -21.88 -20.82

NSE LOSERS

NIFTY - 5 DAYS UP Company Name

Current(Rs.)

Prev. Close (Rs.)

5 Days ago (Rs.)

5 Days Return (%)

JP Associates R Capital Suzlon R Com Dr Reddy's

135.15 852.25 57.90 178.15 1,553.00

124.00 800.40 54.40 167.90 1,484.55

11.15 51.85 3.50 10.25 68.45

8.99 6.48 6.43 6.10 4.61

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WORLD INDICES Indices

Country

Date

Index

Net Change

Change (%)

Hang Seng

Hong Kong

08-Oct-10

22,944.18

586.01

2.62

Jakarta Composite

Indonesia

08-Oct-10

3,546.95

-0.16

0.00

Nikkei 225

Japan

08-Oct-10

9,588.88

184.65

1.96

Malaysia

08-Oct-10

1,481.41

15.09

1.03

Singapore

08-Oct-10

3,153.34

22.44

0.72

South Korea

08-Oct-10

1,897.07

20.34

1.08

FTSE 100

United Kingdom

08-Oct-10

5,657.61

64.71

1.16

Nasdaq

United States

09-Oct-10

2,401.91

31.16

1.31

DJIA

United States

09-Oct-10

11,006.48

176.80

1.63

S&P 500

United States

09-Oct-10

1,165.15

18.91

1.65

KLSE Composite Straits Times Seoul Composite

INDIAN EQUITY MARKET INDICES

VALUE

CHANGE

% CHANGE

NIFTY BANK NIFTY SENSEX

6,103.45 12,530.55 20,250.26

-39.95 -65.95 -194.78

-0.65 -0.52 -0.95

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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES

R4

R3

R2

R1

P

S1

S2

S3

S4

NIFTY

6599

6443

6287

6195

6131

6039

5975

5819

5663

OUTLOOK Trend:- Bullish Resistance:- 6225 25, 6360 Support:- 6020, 59 5900 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

13560

13238

12916

12723

12594

12401

12272

11950

11628

OUTLOOK Trend:- Bullish Resistance:- 12800 800, 13080 Support:- 12340,, 12060 Strategy:- Buy on dips BANK NIFTY WEEKLY

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