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Weekly Newsletter18/04/2011

Weekly Newsletter-Equity

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Weekly Newsletter

Contents

Market Wrap

Market Performance

NSE Gainers

NSE Losers

NIFTY 5 Days Up

Indian Equity Market

Index Watch

World Indices

Technical Analysis

Nifty Spot

Bank Nifty Future


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MARKET WRAP

Indian equity markets ended flat on negative bias as Nifty slips below 5850.

WPI March inflation m/m came up at 8.98% vs. 8.31% against expected at 8.38%.

Global equity markets ended down marginally, French CAC hit worst; down 88 pts

Indian equity market ended flat on negative bias due to quiet global cues, profit

booking, disappointing Infosys Q4 results and higher WPI inflation. Nifty slipped below

5850 shredding trivial 18 pts to end the week at 5824.55 while Sensex ended down 64

pts to settle at 19386.82. Bank nifty future was up marginally, on expectations of better

quarterly results, up 50 pts at 11761.65. IT index plunged 4.5% while weekly gainers

were Hero Honda, Airtel, JP Associates and L&T.

India’s crucial inflation gauge, WPI inflation for the month of March came up at 8.98%

vs. 8.31% in Feb as against expected at 8.38%. Primary articles index was up at

12.96% vs. 11.49% m/m. Though easing news came in was food price index which

came down to year’s low at 8.28% vs. 9.18% w/w as prices of essential items declined.

Infosys disappointed with poor Q4 numbers as net profit was up 2.15% at Rs. 1818 cr.

While EPS guidance for FY12 was much lower than expected at Rs. 126 – 128.

Global equity markets ended flat on negative bias due to rising inflation worries in

DM’s and EM’s and undershoot expectations results of key companies. DJIA ended

down 38 pts & Nasdaq was down 15 pts as TIC long term purchases came much lower

at 26.9B while industrial prod. m/m was up at 0.8% vs. 0.5%. In Euro zone, FTSE was

down 59 pts, DAX was down 38 pts & CAC was down 87 pts despite better core CPI; up

at 1.3% and CPI at 2.7%. Asian markets ended down 2-3% as Chinese central bank

hinted of monetary tightening to continue in near term period to curb inflation.


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MARKET PERFORMANCE

NSE GAINERS

Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)

Saregama India 87.10 66.10 21.00 31.77

Southern Petro 23.00 18.60 4.40 23.66

Kanoria Chemicals 41.20 33.75 7.45 22.07

VST Industries 846.10 695.10 151.00 21.72

Pudumjee Ind 22.00 18.35 3.65 19.89

NSE LOSERS

Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)

Alembic 22.50 63.20 -40.70 -64.40

TCI Finance 64.70 82.55 -17.85 -21.62

Sri Adhikari Bros 61.50 76.30 -14.80 -19.40

Rajesh Exports 101.80 118.55 -16.75 -14.13

Money Matters 75.45 85.50 -10.05 -11.75

NIFTY - 5 DAYS UP

Company Name Current(Rs.) Prev. Close (Rs.) 5 Days ago

(Rs.)

5 Days Return

(%)

Hero Honda 1831.75 1735.15 1663.45 10.12

JP Associates 99.50 98.20 94.35 5.46

ITC 191.50 190.10 183.75 4.22

L&T 1727.65 1717.80 1678.45 2.93

Airtel 372.40 367.45 361.90 2.90


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INDIAN EQUITY MARKET

INDICES VALUE CHANGE % CHANGE

NIFTY 5824.55 -17.45 -0.30

BANK NIFTY 11761.65 50.05 0.43

SENSEX 19386.82 -64.63 -0.33

Index Watch

INDEX 08.04.2011 15.04.2011 W/W CHANGE % RETURN

S&P CNX NIFTY 5842.00 5824.55 -17.45 -0.30

CNX NIFTY Jr. 11544.35 11606.20 61.85 0.54

CNX IT 7168.80 6842.15 -326.65 -4.56

BANK NIFTY 11673.25 11735.65 62.40 0.53

INDIA VIX 20.54 21.59 1.05 5.11

CNX 100 5739.10 5729.40 -9.70 -0.17

S&P CNX DEFTY 4590.65 4539.20 -51.45 -1.12

S&P CNX 500 4684.50 4679.80 -4.70 -0.10

CNX MIDCAP 8288.30 8317.85 29.55 0.36

NIFTY MIDCAP 50

2592.60 2582.40 -10.20 -0.39

CNX INFRA 3139.75 3175.00 35.25 1.12

CNX REALTY 329.30 322.60 -6.70 -2.03


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WORLD INDICES

Indices Country Date Index Net Change Change (%)

Asian Markets

Hang Seng Hong Kong 15-Apr-11 24008.07 -388.00 -1.59

Jakarta Composite

Indonesia 15-Apr-11 3730.51 -11.30 -0.30

Nikkei 225 Japan 15-Apr-11 9591.52 -176.56 -1.81

KLSE Composite

Malaysia 15-Apr-11 1521.94 -35.55 -2.28

Straits Times

Singapore 15-Apr-11 3153.30 -34.01 -1.07

Seoul Composite

South Korea 15-Apr-11 2140.50 12.53 0.59

European Markets

FTSE 100 United

Kingdom 15-Apr-11 5996.01 -59.74 -0.99

CAC 40 France 15-Apr-11 3974.48 -87.43 -2.15

DAX Germany 15-Apr-11 7178.29 -38.73 -0.54

U.S.A. Markets

Nasdaq United States 16-Apr-11 2764.65 -15.77 -0.57

DJIA United States 16-Apr-11 12341.83 -38.22 -0.31

S&P 500 United States 16-Apr-11 1319.68 -8.49 -0.64

TECHNICAL

WEEKLY PIVOT

INDICES R4 R3

NIFTY 6392 6204 6016

OUTLOOK

Trend: - Bullish

Resistance: - 5940

Support: - 5690, 5

Strategy: - Buy on dips

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ECHNICAL VIEW

NIFTY

R2 R1 P S1 S2

6016 5920 5828 5732 5640

0, 6140

, 5540

Buy on dips

NIFTY WEEKLY


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S3 S4

5452 5264

WEEKLY PIVOT

SCRIPT R4 R3

BANK NIFTY 13165 12699

OUTLOOK

Trend: - Bullish

Resistance: - 12040

Support: - 11440, 1

Strategy: - Buy on dips

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BANK NIFTY

R2 R1 P S1 S2

12699 12233 12002 11767 11536 11301

2040, 12300

, 11260

Buy on dips

BANK NIFTY WEEKLY


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S2 S3 S4

11301 10835 10370


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