This weekly newsletter provides a market wrap of the week's performance in the Indian equity market. Key points include: - The Nifty and Sensex ended the week down 2.5% each, with the indices at their lowest point since January. - Global markets also had a volatile week and ended lower. - Top gainers and losers are listed from the NSE, along with volume top performers and sectoral indices performances. - Technical analysis indicates the trends in the Nifty and Bank Nifty are consolidating, with noted resistance and support levels.

1. Weekly Newsletter
ly Newsletter-Equity
07 MAY 2012
EQUITY ANALYSIS - DAILY

2. Weekly Newsletter
Contents
Market Wrap
Market Performance
NSE Gainers
NSE Losers
Volume Toppers
World Indices
Indian Equity Market
Technical Analysis
Nifty Spot
Bank Nifty Future

3. MARKET WRAP
A volatile week ended red with Nifty and Sensex both down 2.5 %.
India is considering a review of Double Taxation Avoidance Treaty with Mauritius.
This week has given a weak ending for almost all international markets.
Indian market this week traded within a tight band for the most part until Friday when
the indices broke out of the narrow range and proceeded downwards breaching all
important levels. The benchmark indices were at the lowest point since January end this
year with infrastructure being among the top losing sectors. Nifty ended the week in red
as it closed below its 200 DMA at 5087 and Sensex shredding 2.5% to end at 16831.
Negative cues from domestic and global markets made the markets vulnerable.
RBI eases norms to encourage foreign currency flows it has hiked rate of foreign
currency deposits for NRI’s by 75-175 basis points to 200 bps for maturity period of one
year to less than 3 years and to 300 bps for maturity period of 3-5 years. RBI has
deregulated the celiling rate on export credit in foreign currency. With this, banks are
now free to determine their own rate of interest on export credit in foreign currency.
It was a volatile week for global markets, Wall Street ended its worst week this year
with a sharp selloff on Friday after a slowdown in job creation in the world's top
economy raised the biggest question mark yet about the prospects for US growth. The
implications of French and Greek elections for the region's drive to impose fiscal
austerity will be crucial, while March readings on industrial production.

4. MARKET PERFORMANCE
NSE GAINERS
COMPANY NAME CURRENT PREV. CLOSE(RS) CANG.(RS) CHAG.(%)
Kaushalya Infra Dev 8.80 6.65 2.15 32.33
Chemplast Sanmar 11.55 9.10 2.45 26.92
KPIT Cummins 104.30 85.25 19.05 22.35
Shrenuj & Company 81.40 66.55 14.85 22.31
SRHHL Industries 5.20 4.30 0.90 20.93
NSE LOSERS
COMPANY NAME CURRENT PREV. CLOSE(RS) CANG.(RS) CHAG.(%)
IRB Infra 128.75 168.55 -39.80 -23.61
Varun Industries 31.75 40.85 -9.10 -22.28
Almondz Global Sec 7.30 9.30 -2.00 -21.51
Parenteral Drugs 83.00 99.00 -16.00 -16.16
Hind Dorr-Oliver 31.65 37.70 -6.05 -16.05
VOLUME TOPPERS
COMPANY NAME CURRENT PREV. CLOSE(RS) CHAG.(%) Volume in
(‘000s)
Lanco Infratech 12.90 13.20 -2.27 46953.73
Suzlon Energy 22.05 21.60 2.08 23481.82
IRB Infra 128.75 149.70 -13.99 20180.28
Ashok Leyland 28.40 29.70 -4.38 19583.49
HDIL 73.40 78.00 -5.90 16140.91

5. SECTORIAL INDICES
Indices Country Date Index Net Change Change (%)
Hang Seng Hong Kong 20-May-10 21086.00 -163.53 -0.77
Jakarta
Indonesia 21-May-10 4216.68 -7.32 -0.17
Composite
Nikkei 225 Japan 21-May-10 9380.25 29.30 0.31
KLSE
Malaysia 21-May-10 1591.04 7.87 0.50
Composite
Seoul
South Korea 21-May-10 1989.15 -5.96 -0.30
Composite
Strait Times Singapore 20-May-10 2990.59 -10.35 -0.35
United
FTSE 100 21-May-10 5655.06 -111.44 -1.93
Kingdom
United
Nasdaq 22-May-10 2956.34 -67.96 -2.25
States
United
DJIA 22-May-10 13038.27 -168.32 -1.27
States
United
S&P 500 22-May-10 1369.10 -22.47 -1.61
States
INDIAN EQUITY MARKET
INDICES VALUE CHANGE % CHANGE
NIFTY 5098.00 -134.00 -2.56
BANK NIFTY 9794.00 -241.00 -2.40
SENSEX 16831.00 -188.00 -1.10

6. TECHNICAL VIEW
NIFTY
WEEKLY PIVOT
INDICES R4 R3 R2 R1 P S1 S2 S3 S4
NIFTY 5772 5563 5354 5221 5145 5012 4936 4727 4518
OUTLOOK
Trend: - Consolidate
Resistance: - 5200 5350
0,
Support: - 4950, 4
4800
Strategy: - Sell on High
NIFTY WEEKLY

7. BANK NIFTY
WEEKLY PIVOT
SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4
BANK NIFTY 11816 11203 10590 10192 9977 9579 9364 8751 8138
OUTLOOK
Trend: - Consolidate
Resistance: - 10050 10400
50,
Support: - 9500, 9
9100
Strategy: - Sell on High
BANK NIFTY DAILY

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