Equity News Letter

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Weekly Newsletter-Equity

08/03/2010

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Weekly Newsletter
Contents:-
Market Wrap
Market Performance
NSE Gainers
NSE Losers
5 Days Up
World Indices
Indian Equity Market
Technical Analysis
Nifty Spot
Bank Nifty Future

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MARKET WRAP
Markets remain buoyant after the Budget
PM gives a positive outlook on growth, inflation remains a concern
Wall St rallies on US jobs data, consumer credit

In the week after the Union Budget, Indian markets reacted positively ending the week
more than 3% up. Nifty was up by 3.38%, Sensex by 3.43% while Bank Nifty was up
almost 3.60%. All the stocks in Nifty closed in the green except for BPCL and ONGC
which closed 6.86 & 3.47% down compared to the last week.

Prime Minister Manmohan Singh said the economy would grow by at least 8 percent in
the year that begins April 1. Asia's third largest economy would expand 7.2-7.5 percent
in 2009/10. PM also raised concern over the rising inflation which stands at almost 18%
compared to Feb 2009.

US stocks jumped and the Nasdaq hit an 18-month closing high on Friday as US
employers cut fewer jobs than expected last month and consumers showed signs of
shedding their penny-pinching ways. The broader market got a lift from smaller-than-
expected job losses, after U.S. data showed nonfarm payrolls shed 36,000 jobs in
February compared with expectations for a loss of 50,000.

News that consumer credit rose USD 4.96 billion in January, its first increase in a year
and the largest for any month since mid-2008, according to Federal Reserve data,
boosted financial stocks. The Nasdaq was up by almost 4%, S&P by 3% and Dow by
2.33% as compared to last week. Dow and S&P closed above their 6 week high.

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MARKET PERFORMANCE
NSE GAINERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Tricom India 18.60 13.45 5.15 +38.29
Harita Seating 108.90 85.65 23.25 +27.15
Jet Airways 488.85 403.50 85.35 +21.15
United Breweries 274.75 226.90 47.85 +21.09
Pearl Polymers 14.40 12.00 2.40 +20.00

NSE LOSERS

Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Shree Ashtavinayak 12.80 23.35 -10.55 -45.18
Dharani Sugars 62.90 102.20 -39.30 -38.45
Rama Newsprint 20.10 31.95 -11.85 -37.09
Kernex Microsystems 126.65 186.15 -59.50 -31.96
Kwality Dairy 138.05 200.00 -61.95 -30.98

5 DAYS UP

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


(Rs.) Return(%)
Tata Motors 795.30 811.65 711.05 11.85
JP Associate 146.15 144.00 132.25 10.51
Tata Power 1,331.60 1,333.40 1,212.95 9.78
Tata Steel 618.00 617.45 573.65 7.73
Bharti Airtel 298.55 293.10 279.25 6.91

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WORLD INDICES
Indices Country Date Index Net Change Change (%)

Hang Seng Hong Kong 05-Mar-2010 20787.97 +179.27 +0.86

Jakarta Indonesia 05-Mar-2010 2578.77 +29.74 +1.16


Composite
Nikkei 225 Japan 05-Mar-2010 10368.96 +242.93 +2.39

KLSE Malaysia 05-Mar-2010 1299.78 +29 +2.28


Composite
Straits Times Singapore 05-Mar-2010 2790.29 +39.43 +1.43

Seoul South Korea 05-Mar-2010 1634.57 +39.99 +2.50


Composite
FTSE 100 United 05-Mar-2010 5599.76 +245.24 +4.58
Kingdom
Nasdaq United 06-Mar-2010 2326.35 +88.09 +3.93
States
DJIA United 06-Mar-2010 10566.20 +240.94 +2.33
States
S&P 500 United 06-Mar-2010 1138.70 +34.21 +3.09
States

INDIAN EQUITY MARKET


INDICES VALUE CHANGE % CHANGE
NIFTY 5088.70 +166.40 +3.38
BANK NIFTY 9054.80 +314.35 +3.59
SENSEX 16994.49 +564.94 +3.43

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TECHNICAL VIEW
NIFTY
WEEKLY PIVOT
INDICES R4 R3 R2 R1 P S1 S2 S3 S4
NIFTY 5597 5414 5231 5160 5048 4976 4864 4681 4498

OUTLOOK
Trend:- Bullish

Resistance:- 5185
5185,5300

Support:- 4945,4785

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 9912 9600 9288 9171 8976 8859 8664 8352 8040

OUTLOOK
Trend:- Bullish

Resistance:- 9160,9360

Support:- 8880,85
8550

Strategy:- Buy on dips

BANK NIFTY WEEKLY

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