The weekly newsletter provides a market wrap of the week's performance of key indices. Nifty ended lower ahead of the RBI's credit policy review. Inflation for March was below 10% while GDP was around 8.6% for the last quarter. US stocks fell after SEC charged Goldman Sachs with fraud. World indices mostly ended lower by 1% except for China's economy growing at 11.9% for the quarter. Nifty and Bank Nifty ended lower by 0.21% and 3.1% respectively on profit booking in banking stocks. Technical outlook suggests Nifty may consolidate between support at 5180-5075 and resistance at 5310-5395.

1. Weekly Newsletter
Newsletter-Equity
19/04/2010
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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
Nifty breaks 9 weeks of gain ahead of RBI’s credit policy review
Inflation at 9.9% for March
SEC’s suit against Goldman sachs checks Dow
Nifty ended the week at 5262.60 as profit booking was seen specially in banking
stocks at higher levels ahead of the credit policy review by RBI which is due on
Tuesday. In all likelihood there will be a moderate hike of 25-30 basis points in repo and
reverse repo rates but the CRR is unlikely to be changed as the officials feel that
inflation has peaked and any further rise may choke the economic recovery.
Inflation for March came just below the double digit mark at 9.9% and the GDP for the
last quarter is around 8.6%, pointing to the figure of 7.2% for 2009-2010. Infosys
announced it’s result with a growth of 1.14% and a robust growth forecast of 16-18% in
dollar revenue.
US stocks witnessed heavy sell-off on Friday after Goldman Sachs was charged with
fraud by SEC and corporate earnings fell short of heightened expectations. Goldman fell
12% to USD 162.86 after the Securities and Exchange Commission alleged it
committed fraud in the structuring and marketing of a debt product tied to subprime
mortgages, which cost investors more than USD 1 billion. Dow future June retreated
sharply after it touched 11100 on Thursday. Meanwhile China’s economy roared at
11.9% for the first quarter of the calendar year whereas the inflation came down at 2.4%
as against 2.7% for the quarter.
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MARKET PERFORMANCE
NSE GAINERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
ZODIAC-JRD-MKJ 36 25.5 10.5 41.18
KAMAT HOTELS 124.3 94.05 30.25 32.16
PIONEER EMBROID. 24.65 19.35 5.3 27.39
BLUE DART EXPRESS 955.9 754.5 201.4 26.69
GANGOTRI TEXTILES 10.3 8.3 2 24.1
NSE LOSERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Zee News 17.9 61.15 -43.25 -70.73
Blue Bird 16.65 23.3 -6.65 -28.54
NMDC 292.5 362.15 -69.65 -19.23
PVP Ventures 18.05 22 -3.95 -17.95
Goldstone Technology 27.85 33.7 -5.85 -17.36
5 DAYS UP
Company Name Current(Rs.) Prev. Close (Rs.) 5 Days ago 5 Days Return
(Rs.) (%)
UNITECH 81.05 80.25 75.9 6.79
INFOSYS 2,788.60 2,801.60 2,676.20 4.20
TCS 815.1 821.7 791.6 2.97
TATA STEEL 695.7 686.1 676.2 2.88
HUL 227 225.45 221.35 2.55
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WORLD INDICES
Indices Country Date Index Net Change Change (%)
Hang Seng Hong Kong 16-Apr-10 21,865.26 -292.6 -1.3
Jakarta
Indonesia 16-Apr-10 2,878.67 -21.86 -0.8
Composite
Nikkei 225 Japan 16-Apr-10 11,102.18 -171.6 -1.5
KLSE
Malaysia 16-Apr-10 1,332.77 -6.06 -0.5
Composite
Straits Times Singapore 16-Apr-10 3,007.19 -9.75 -0.3
Seoul
South Korea 16-Apr-10 1,734.49 -9.42 -0.5
Composite
United
FTSE 100 16-Apr-10 5,743.96 -81.05 -1.4
Kingdom
Nasdaq United States 17-Apr-10 2,481.26 -34.43 -1.4
DJIA United States 17-Apr-10 11,018.66 -125.9 -1.1
S&P 500 United States 17-Apr-10 1,192.13 -19.54 -1.6
INDIAN EQUITY MARKET
INDICES VALUE CHANGE % CHANGE
NIFTY 5,262.60 -11 -0.21
BANK NIFTY 9365.35 -299.8 -3.10
SENSEX 17,591.18 -48.08 -0.27
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TECHNICAL VIEW
NIFTY
WEEKLY PIVOT
INDICES R4 R3 R2 R1 P S1 S2 S3 S4
NIFTY 5728 5583 5439 5351 5294 5206 5150 5005 4860
OUTLOOK
Trend:- Consolidate
Resistance:- 5310
10,5395
Support:- 5180,5075
075
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 10674 10264 9854 9610 9444 9200 9034 8624 8214
OUTLOOK
Trend:- Consolidate
Resistance:- 9550
550,9780
Support:- 9210,8980
8980
Strategy:- Sell on highs
BANK NIFTY WEEKLY
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