Weekly Equity Report By Money CapitalHeight 06-02-2012 TO 10-02-2012

* Indian market ends significantly up with gain of 2.3% throughout the week. * U.S. Unemployment rate came at 8.3%; Nonfarm employment change at 243K. * Global markets made gains; Asian ranging 0 to 1.3%, US ranging 1.6% to 3.2%.

Indore, India (prHWY.com) February 6, 2012 - MARKET WRAP OF WEEKLY EQUITY

* Indian market ends significantly up with gain of 2.3% throughout the week.
* U.S. Unemployment rate came at 8.3%; Nonfarm employment change at 243K.
* Global markets made gains; Asian ranging 0 to 1.3%, US ranging 1.6% to 3.2%.

It was another positive week for the markets with both benchmark indices closing with robust gains. Realty, metal, auto and IT remained the lead performers while oil & gas and power, too, supported the indices well. FII inflows will be another crucial factor to keep on one's radar. Technically if Nifty would be able to keep itself above its upward resistance level this week then it may test its high in the coming months; It has taken support of its 200DMA, Nifty may ranges the level of 5150-5500 next week.

The rupee touched a three-month high versus US dollar, with the sentiment getting a boost from robust FII inflows and continued rally in domestic stocks. A series of positive economic data in recent times have brought global investors back into riskier assets like emerging market equities and currencies. The Government on Tuesday revised its GDP growth estimate for fiscal year 2011-12 to 8.4% from 8.5% projected earlier. And government has discontinued weekly inflation data it would now came on monthly basis.

A surge in hiring in the world's largest economy last month drove US stocks higher. The broad-based gains on solid trading volume also sent the major indices near year high. European markets made significant gains ranging 3% to 4% with DAX leading; U.S markets were also green with DJIA gaining 1.6%, S&P 500 ended 2.2& higher, NASDAQ ending 3.2% up. Asian markets were green with Hang Seng up 1.2%, Nikkei & Strait times ended flat, Jakarta & KLSE made moderate gains.

Technical Views

NIFTY
Trend: - Consolidate
Resistance: - 5420, 5550
Support: - 5180, 5000
Strategy: - Buy on dips

BANK NIFTY
Trend: - Consolidate
Resistance: - 10400, 10800
Support: - 9750, 9400
Strategy: - Buy on dips

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