Weekly Newsletter

Newsletter-Equity
17/05/2010

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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
Market to take direction from EU’s rescue package implementation & monsoon
Inflation stood at 9.59% v/s 9.90% (MoM)
SBI Q4 net profit down 32%, declares 300% dividend
Dow closes just above 10600 as gold breaks all shackles

Nifty remained range bound this week without crossing the high & low of the previous
week. Nifty closed at 5093.50 falling heavily on Friday while Sensex closed at 16994.60.
Market may remain ranged till a clear picture regarding the EU’s implementation of $
1trillion rescue package as differences start to appear in EU towards the PIIGS bailout
package. Monsoon also holds the key to influence the market & provide the much
needed direction. Inflation eases of and stood at 9.59% in April showing effectiveness of
RBI measures to curb it and there could be further tightening of interest rates in near
future.

SBI Q4 net profit dips by 32% as its NPA increased by 674 cr. Investors worry as one
of the largest PSU bank provisioning coverage was 59%, 11% less than RBI’s stipulated
norms. On the other hand Hindalco posted a strong result as Net profit doubled due to
increased metal prices. Revenues from all India 3G auction to cross Rs 62000 crores
that for sure will help in reducing the fiscal deficit surprisingly.

In the International Market, dollar after a dull week surged on Friday with Dow ending
just above 10600. Euphoria gave way to concerns as Euro breakup talks send
shockwaves across global financial markets and concerns build up on their ability to
provide financial prudence and survival to the Euro. Gold prices in physical market
touched all time high in Mumbai at Rs. 18325 per 10 grams.

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MARKET PERFORMANCE
NSE GAINERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
STI India 12.2 7.55 4.65 61.59
California Software 54.7 41.1 13.6 33.09
Pudumjee Pulp & Pape 27.75 22.1 5.65 25.57
Hotel Rugby 12.55 10.05 2.5 24.88
Broadcast Initiative 20.65 16.75 3.9 23.28

NSE LOSERS

Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Kesar Enterprises 58.05 122.5 -64.45 -52.61
Panoramic Universal 163.8 254 -90.2 -35.51
Aban Offshore 832.25 1,243.35 -411.1 -33.06
Zandu Realty 2,727.05 3,974.00 -1,246.95 -31.38
Usha Martin Education 40.8 56.75 -15.95 -28.11

5 DAYS UP

5 Days ago 5 Days Return

Company Name Current(Rs.) Prev. Close (Rs.)
(Rs.) (%)
Axis Bank 1,295.75 1,311.55 1,191.15 8.78
Tata Motors 816.25 830.85 762.75 7.01
Infrastructure Develop. 165.2 166.1 154.55 6.89
M&M 559.8 566.7 524 6.83
Kotak Bank 758.1 776.65 712.35 6.42

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

Hang Seng Hong Kong 14-May-10 20,145.43 225.14 1.13

Jakarta
Indonesia 14-May-10 2,858.39 119.06 4.35
Composite
Nikkei 225 Japan 14-May-10 10,462.51 97.92 0.94
KLSE
Malaysia 14-May-10 1,339.30 6.41 0.48
Composite
Straits
Singapore 14-May-10 2,855.21 38.00 1.35
Times
Seoul
South Korea 14-May-10 1,695.63 48.13 2.92
Composite
United
FTSE 100 14-May-10 5,262.85 139.83 2.73
Kingdom
United
Nasdaq 15-May-10 2,346.85 81.21 3.58
States
United
DJIA 15-May-10 10,620.16 239.73 2.31
States
United
S&P 500 15-May-10 1,135.68 24.80 2.23
States

INDIAN EQUITY MARKET

INDICES VALUE CHANGE % CHANGE
NIFTY 5,093.50 75.45 1.50
BANK NIFTY 9,573.80 280.35 3.02
SENSEX 16,994.60 225.49 1.34

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TECHNICAL VIEW
NIFTY
WEEKLY PIVOT
INDICES R4 R3 R2 R1 P S1 S2 S3 S4
NIFTY 5669 5483 5297 5195 5111 5009 4925 4739 4553

OUTLOOK
Trend:- Consolidate

Resistance:- 5185
185, 5310

Support:- 4925, 4695

Strategy:- Sell on highs

NIFTY WEEKLY

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BANK NIFTY

WEEKLY PIVOT
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
BANK NIFTY 11024 10546 10069 9821 9591 9344 9114 8637 8159

OUTLOOK
Trend:- Consolidate
solidate

Resistance:- 9785, 9920

Support:- 9350, 9075

Strategy:- Sell on highs

BANK NIFTY WEEKLY

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