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Weekly Newsletter Newsletter-Equity 20/09/2010

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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 Markets posted best week of the year with Nifty up 244 pts & Sensex up 795 pts. Aug WPI inflation down at 8.51% vs. 9.78% while as per older gauge it’s at 9.5%. Global markets ended the week positive though cautious as deflation fear lingers.

Indian equity markets posted the best week of the year till date as Nifty rallied over 244 points or 4.34% settling at 5885 & Sensex surged 795 points or 4.23% to end at 19594. Nifty broke its range and touched a new 32 month high of 5901 while Sensex breached 19500 levels. Nifty is strongly holding the 5850 mark and is now ranged between 5800-5900. Bank Nifty touched an all time high of 12246.10 this week. Financials were the major gainers this week as Axis, HDFC and Kotak bank jumped 10% each. In realty space, Suzlon, DLF, Unitech & ABB rallied 7-9%.

RBI in its recent credit policy meet hiked the repo rate by 25 BPS to 6% while reverse repo rate by 50 BPS to 5% and decision is said to be aggressive to tame the inflation which is a major concern in economy. The AUG WPI inflation came at 8.51% as per new series vs. 9.78% while as per old gauge it is at 9.5%. The food price index rose 15.10% while the fuel price index jumped 11.48% in the year to Sept 4.

Global markets ended the week on positive basis tracking the major economies data. Dow Jones for the week ended up 1.40% or 140 pts at 10607 and S&P is up 1.50% at 1125. The economic data this week was mixed as unemployment claims came better than expected at 450k & TIC long term purchases at 61.2b while Philly fed manufacturing index came in negative at (-)0.7 vs. 0.9. Global markets shred its gains in the end as US core CPI and German PPI came at 0.00% keeping fears of deflation alive and spurring bets on further monetary easing. www.capitalheight.com


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MARKET PERFORMANCE NSE GAINERS Company Name

Current(Rs.)

Prev. Close (Rs.)

Change (Rs.)

Change (%)

Berger Paints Rama Newsprint Apcotex Atlanta Eurotex Ind

118.35 19.80 158.55 426.15 44.25

99.95 16.80 135.20 364.65 38.00

18.40 3.00 23.35 61.50 6.25

18.41 17.86 17.27 16.87 16.45

Company Name

Current(Rs.)

Prev. Close (Rs.)

Change (Rs.)

Change (%)

Asian Hotels Ramsarup Ind Bilpower VLS Finance Pioneer Emb

315.75 60.70 205.25 24.50 25.35

446.05 83.10 253.20 30.10 30.90

-130.30 -22.40 -47.95 -5.60 -5.55

-29.21 -26.96 -18.94 -18.60 -17.96

NSE LOSERS

NIFTY - 5 DAYS UP Company Name

Current(Rs.)

Prev. Close (Rs.)

5 Days ago (Rs.)

5 Days Return (%)

Maruti Wipro Siemens HDFC Bank Sun Pharma

1,397.30 423.45 757.25 2,395.30 1,838.60

1,328.15 403.2 721.55 2,282.45 1,754.50

69.15 20.25 35.70 112.85 84.10

5.21 5.02 4.95 4.94 4.79

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WORLD INDICES Indices

Country

Date

Index

Net Change

Change (%)

Hang Seng

Hong Kong

17-Sep-10

21,970.86

713.47

3.36

Jakarta Composite

Indonesia

17-Sep-10

3,384.65

153.76

4.76

Nikkei 225

Japan

17-Sep-10

9,626.09

386.92

4.19

Malaysia

17-Sep-10

1,466.97

29.19

2.03

Singapore

17-Sep-10

3,076.37

54.09

1.79

South Korea

17-Sep-10

1,827.35

24.77

1.37

FTSE 100

United Kingdom

17-Sep-10

5,508.45

6.81

0.12

Nasdaq

United States

18-Sep-10

2,315.61

73.13

3.26

DJIA

United States

18-Sep-10

10,607.85

145.08

1.39

S&P 500

United States

18-Sep-10

1,125.59

16.04

1.45

KLSE Composite Straits Times Seoul Composite

INDIAN EQUITY MARKET INDICES

VALUE

CHANGE

% CHANGE

NIFTY BANK NIFTY SENSEX

5884.95 12106.45 19594.75

244.90 718.25 795.09

4.34 6.31 4.23

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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES

R4

R3

R2

R1

P

S1

S2

S3

S4

NIFTY

6596

6334

6071

5978

5809

5716

5546

5284

5021

OUTLOOK Trend:- Bullish Resistance:- 6015 6015, 6115 Support:- 5760, 5595 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

14349

13543

12737

12422

11931

11616

11125

10319

9513

OUTLOOK Trend:- Bullish Resistance:- 12420 12420, 12750 Support:- 11840,, 11440 Strategy:- Buy on dips BANK NIFTY WEEKLY

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