The weekly newsletter provides a market wrap of the Indian equity markets for the past week. Key points include: - The Nifty and Sensex gained 2.7% and 2.45%, respectively, posting their best weekly gains since March 6. - Standard Chartered Bank's first Indian IDR was oversubscribed 2.2 times. - Global markets ended lower for the week as Fitch downgraded Spain's credit rating. - Technical analysis indicates the markets may consolidate with resistance at 5180 and 5305 for Nifty, and support at 4940 and 4690.

1. Weekly Newsletter
Newsletter-Equity
31/05/2010
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Weekly Newsletter
Contents
Market Wrap
Market Performance
NIFTY Gainers
NIFTY Losers
5 Days up
World Indices
Indian Equity Market
Technical Analysis
Nifty Spot
Bank Nifty Future
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MARKET WRAP
Nifty up 2.7% and Sensex up 2.45% this week, best gains after 6th March10.
The 1st IDR of StanChart subscribed 2.2 times as FII & Inst. Investors steps in.
Dow, S&P and FTSE ends red as Fitch downgrades Spain’s credit rating.
The Indian markets saw huge sell off pressure in early week due to global worries &
Euro zone debts. It was later half of the week that brought back greenery to the market
as Nifty & Sensex gained 2.7% and 2.4% respectively posting best weekly gains since
March 6. The markets surged on the back of positive global cues & better volumes that
were complimented with strong results posted by Sail, net profit up 40% & ONGC 71%.
1st Indian IDR of Standard Chartered bank is subscribed 2.2 times jumping to 450 mn
as against 240 mn while the QIB portion is subscribed 4 times. The monsoon is on time
in India which will be vital for farm outputs, rural incomes, and demand of various
manufactured products, also a positive trigger for the markets.
Global markets in early part of the week were positive as international positive cues
were coming continuously. The US Sec Geithner called for a careful global approach for
Euro debt crisis. China ended the rumor of reviewing its Euro zone holdings and
assured of diversifying its Forex reserves with EU zone which is an important factor.
The week though ended red as Fitch downgraded Spain’s credit rating by 1 as ECB
warns of contagion. With this, it was the worst month for DJIA in 70 years.
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MARKET PERFORMANCE
NIFTY GAINERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Unitech 73.50 67.55 5.95 8.81
Sterlite 681.70 636.45 45.25 7.11
JP A 127.20 118.80 8.40 7.07
Tata Motors 749.50 706.95 42.55 6.02
ITC 283.20 268.05 15.15 5.65
NIFTY LOSERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Idea 50.20 63.15 -12.95 -20.51
Tata Steel 496.85 624.35 -127.50 -20.42
Ambuja Cements 108.95 123.80 -14.85 -12.00
Reliance Capital 646.80 730.90 -84.10 -11.51
Airtel 260.70 293.80 -33.10 -11.27
5 Days up
Day’s Closing 5 Days Ago 5 Days Return
Company Name Prev. Close (Rs.)
Price(Rs.) (Rs.) (%)
R Comm 147.45 139.20 133.40 10.53
JP Associate 126.85 124.20 117.70 7.77
Reliance Infra 1,056.25 1,056.60 988.45 6.86
Sterlite 681.90 644.80 641.75 6.26
Tata Motors 748.00 742.90 710.30 5.31
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WORLD INDICES
Indices Country Date Index Net Change Change (%)
Hang Seng Hong Kong 28-May-10 19766.71 220.88 1.13
Jakarta
Indonesia 27-May-10 2713.92 90.70 3.46
Composite
Nikkei 225 Japan 28-May-10 9762.98 -21.56 -0.22
KLSE
Malaysia 27-May-10 1269.16 -16.57 -1.29
Composite
Straits
Singapore 27-May-10 2739.70 38.50 1.43
Times
Seoul
South Korea 28-May-10 1622.78 22.60 1.41
Composite
United
FTSE 100 28-May-10 5188.43 125.50 2.48
Kingdom
United
Nasdaq 29-May-10 2257.04 28.00 1.26
States
United
DJIA 29-May-10 10136.63 -56.76 -0.56
States
United
S&P 500 29-May-10 1089.41 1.72 0.16
States
INDIAN EQUITY MARKET
INDICES VALUE CHANGE % CHANGE
NIFTY 5,066.55 135.40 2.75
BANK NIFTY 9,216.85 69.95 0.76
SENSEX 16,863.06 417.45 2.54
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TECHNICAL VIEW
NIFTY
WEEKLY PIVOT
INDICES R4 R3 R2 R1 P S1 S2 S3 S4
NIFTY 5849 5558 5268 5167 4977 4876 4686 4395 4104
OUTLOOK
Trend:- Consolidate
Resistance:- 5180, 5305
Support:- 4940, 4690
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 10532 10057 9582 9400 9107 8925 8632 8157 7682
OUTLOOK
Trend:- Consolidate
Resistance:- 9370, 9595
Support:- 8975, 8560
Strategy:- Buy on dips
BANK NIFTY WEEKLY
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