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Weekly Newsletter Newsletter-Equity 17/01/2011

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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 market slaughtered for second consecutive week, Nifty slips below 5700. Dec WPI inflation came up at 8.43 vs. 7.48%, food price inflation up at 16.91%. Global markets ends up; Asian markets down post China’s monetary tightening.

Indian equity market ended down in red for second consecutive week despite positive global cues as investor’s jitters over weaker IIP data, rising inflation and RBI’s expected monetary tightening. Nifty slipped below 5700 and tanked 250 pts to end at 5654.55 while Sensex shredded 831 pts to end below 19k at 18860.44. Bank nifty future was worst hit; shredding 610 pts or 5.52% to end below 10k at 10439.55. Nifty junior, CNX midcap, Metals and Realty space were down 3% - 7%.

India’s Dec WPI inflation came up at 8.43% vs. 7.48% m/m while Food price inflation accelerated to 16.91% y/y and fuel price inflation jumped to 11.53%. Nov IIP data came down at 2.7% vs. 11.3% m/m, at its 18 month low while consumer goods saw a degrowth of (-) 3.1 vs. 10.1% y/y. It is expected to see a rate hike in RBI’s monetary review meet on Jan 25. In quarterly results, IT space bellwether, Infosys posted its Q3 results which lagged estimates, up just 2.5% at Rs. 1780 Cr. vs. Rs. 1737 Cr.

Global equity markets ended in green post stronger quarterly earnings of JP Morgan and steady rise in U.S retail sales while CPI was unchanged signaling modest recovery on the track with little price pressures. Dow Jones ended up 112 pts at 11787 while S&P rose 1.7% or 21.7 pts to end at 1294. Euro zone edged up with CAC up 3% or 117.7 pts at 3984, DAX up 1.84% or 127 pts at 7075.7 while FTSE gained 17 pts to end at 6002. Asian markets ended down post China’s monetary tightening raising bank reserve rates to tighten credit in the economy. www.capitalheight.com


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MARKET PERFORMANCE NSE GAINERS Company Name

Current(Rs.)

Prev. Close (Rs.)

Change (Rs.)

Change (%)

Tata Coffee TCI Finance PVP Ventures Tamil Nadu Petro Harrisons Malayalam

557.50 72.50 13.90 19.70 89.25

457.10 59.55 12.05 17.15 77.95

100.40 12.95 1.85 2.55 11.30

21.96 21.75 15.35 14.87 14.50

Company Name

Current(Rs.)

Prev. Close (Rs.)

Change (Rs.)

Change (%)

Spectacle Infotek Jupiter Bioscience Money Matters PTL Enterprises Murli Industries

24.55 33.90 103.20 23.70 46.45

71.25 61.55 177.25 33.20 63.30

-46.70 -27.65 -74.05 -9.50 -16.85

-65.54 -44.92 -41.78 -28.61 -26.62

NSE LOSERS

NIFTY - 5 DAYS UP Company Name

Current(Rs.)

Prev. Close (Rs.)

Change (Rs.)

5 Days Return (%)

Suzlon Energy Bharti Airtel HCL Tech Sterlite Ind ACC

52.35 343.75 470.60 177.40 1003.90

52.70 346.65 464.75 183.10 1038.10

51.05 338.50 465.25 176.15 1002.30

2.55 1.55 1.15 0.71 0.16

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WORLD INDICES Indices

Country

Date

Index

Net Change

Change (%)

Hang Seng

Hong Kong

14-Jan-11

24,283.23

596.60

2.52

Jakarta Composite

Indonesia

14-Jan-11

3,569.14

-62.31

-1.72

Nikkei 225

Japan

14-Jan-11

10,499.04

-42.00

-0.40

KLSE Comp.

Malaysia

14-Jan-11

1,569.89

-2.32

-0.15

Straits Times

Singapore

14-Jan-11

3,245.96

-15.39

-0.47

Seoul Comp.

South Korea

14-Jan-11

2,108.17

21.97

1.05

FTSE 100

United Kingdom

14-Jan-11

6,002.07

17.74

0.30

CAC 40

France

14-Jan-11

3983.28

117.70

3.04

DAX

Germany

14-Jan-11

7075.70

127.86

1.84

Nasdaq

United States

15-Jan-11

2,755.30

52.13

1.93

DJIA

United States

15-Jan-11

11,787.38

112.62

0.96

S&P 500

United States

15-Jan-11

1,293.24

21.74

1.71

INDIAN EQUITY MARKET INDICES

VALUE

CHANGE

% CHANGE

NIFTY BANK NIFTY SENSEX

5,654.55 10,439.55 18,860.44

-250.05 -610.45 -831.37

-4.23 -5.52 -4.22

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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDEX

R4

R3

R2

R1

P

S1

S2

S3

S4

NIFTY

6535

6268

6001

5827

5734

5560

5467

5200

4933

OUTLOOK Trend:- Bearish 5790, 5910 Resistance:- 5790 Support:- 5550, 55360 Strategy:- Sell on highs NIFTY WEEKLY

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BANK NIFTY WEEKLY PIVOT INDEX

R4

BANK NIFTY 12507

R3

R2

R1

P

S1

S2

S3

S4

11954

11401

11064

10848

10511

10295

9742

9189

OUTLOOK Trend:- Bearish Resistance:- 110220, 11250 Support:- 10300,, 110075 Strategy:- Sell on highs BANK NIFTY WEEKLY

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