Weekly Report

MACRO ECONOMIC FACTORS
Inflation figures stood at 3.79 % at the end of this week compared with 3.50% last week.
The yield on the 10-year G – Sec has dropped down to 6.77%.
Crude oil price stood at US$90.57 per barrel by the end of the week. Over the week crude oil prices
hovering around US$90.13-94.2 per barrel.
Rs per US$ exchange rate closed at 39.30 by the end of the week. Exchange rate Rs/US$ continued to
trade around Rs.39.26 to 39.31.

Nifty
Market closed weak on a weekly basis. On weekly charts we have a bearish pattern in place indicating the
bearish trend in the market. The market opened the week on a strong selling pressure at higher level. Market failed
to show any strength of bounce back. Market is likely to remain volatile this week and is likely to oscillate in a range
of 5575 on the down side and 5865 on the upper side. Major support for Nifty is at 5575, 5395and 5101. And major
resistances are at 5865, 6050 and 6340.