Daily Newsletter-Equity 24/02/2012

Page 1

Daily Newsletter-Equity 24/02/2012

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MARKET WRAP Indian equity market down on profit booking on F&O expiry, Nifty below 5500. BBA mortgage approvals came better than expected; up at 38.1K vs. 37.3K. Euro markets were mixed ahead of crucial U.S unemployment claims data.

Indian equity markets ended down on the back of profit booking on F&O expiry with Nifty slipping below 550 to end at 5483; down 35 pts while Sensex shredded 67 pts to settle just above 18K at 18078. European markets were mixed with FTSE up 12 pts, CAC down 2 pts and DAX down 38 pts while Dow future was marginally up with 20 pts.

MARKET PERFORMANCE NIFTY GAINERS COMPANY NAME BPCL Hindustan Unilever

CURRENT 656.35 388.20

PREV. CLOSE(RS) 623.65 378.50

CHANG.(RS) 32.70 9.70

CHAG.(%) 5.24 2.56

Power Grid BHEL NTPC

112.65 311.90 185.05

109.95 306.50 182.80

2.70 5.40 2.25

2.46 1.76 1.23

NIFTY LOSERS COMPANY NAME

CURRENT

PREV. CLOSE(RS)

CHANG.(RS)

CHAG.(%)

JP Associate

74.55

80.05

-5.50

-6.87

Sesa Goa

227.25

236.45

-9.20

-3.89

Sterlite

115.05

119.55

-4.50

-3.76

Mahindra & Mahindra

723.50

742.80

-19.30

-2.60

Ambuja Cement

161.25

165.45

-4.20

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SECTORIAL INDICES INDEX

P. CLOSE

OPEN

HIGH

LOW

LAST

% CHANGE

S&P CNX NIFTY

5,505.35

5,490.05

5,537.40

5,460.80

5,483.30

-0.40

CNX NIFTY JUNIOR

10,425.95

10,424.70

10,477.60

10,242.50

10,411.55

-0.14

INDIA VIX

26.80

26.80

26.80

24.13

24.33

-9.22

CNX 100

5,371.05

5,358.35

5,401.20

5,320.05

5,351.75

-0.36

S&P CNX DEFTY

3,873.55

3,862.15

3,900.80

3,842.35

3,865.15

-0.22

S&P CNX 500

4,340.85

4,332.40

4,360.55

4,294.35

4,322.90

-0.41

CNX MIDCAP

7,676.80

7,676.60

7,706.50

7,527.65

7,646.15

-0.40

NIFTY MIDCAP 50

2,335.15

2,327.50

2,344.10

2,272.25

2,318.50

-0.71

BANK NIFTY

10,747.15

10,693.75

10,852.65

10,621.80

10,713.35

-0.31

CNX ENERGY

8,220.80

8,220.45

8,346.05

8,202.40

8,270.70

0.61

CNX FMCG

10,528.05

10,529.30

10,652.05

10,529.30

10,604.45

0.73

CNX INFRA

2,693.55

2,679.85

2,712.40

2,641.55

2,675.25

-0.68

CNX MNC

5,157.90

5,152.55

5,183.80

5,116.25

5,148.35

-0.19

CNX PHARMA

4,804.05

4,805.60

4,837.10

4,777.95

4,794.70

-0.19

CNX PSE

3,075.00

3,077.75

3,104.70

3,059.45

3,081.20

0.20

CNX PSU BANK

3,615.15

3,610.10

3,681.20

3,579.55

3,598.65

-0.46

CNX REALTY

273.30

273.85

275.35

261.10

266.65

-2.43

CNX SERVICE

6,741.40

6,712.55

6,784.25

6,683.80

6,720.60

-0.31

CNX IT

6,718.70

6,693.45

6,778.70

6,678.90

6,704.50

-0.21

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NSE STATS ADVANCES DECLINES UNCHANGED

16 34 00

INDEX MOVERS (PULLING IT UP) COMPANY NAME Hindustan Unilever Reliance Industries BHEL TCS NTPC

CONTRIBUTION 10.96 10.66 5.54 5.21 4.17

INDEX MOVERS (PULLING IT DOWN) COMPANY NAME

CONTRIBUTION

Mahindra & Mahindra Infosys Larsen & Toubro Bharti Airtel ICICI Bank

-9.52 -10.40 -14.33 -14.43 -18.58

CORPORATE ACTIONS (22-Feb-2012) COMPANY NAME Bacil Pharma

Maruti Suzuki

Network 18 Media & Invst

India Tourism Dev

Media Matrix

Rhodia Specialty Chem

Kuwer Indus

TV18 Broadcast

-

-

-

-

-

-

-

-

-

-

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FII TRADING ACTIVITY (NSE & BSE) In Crores CATEGORY

DATE

BUY VALUE

SELL VALUE

NET VALUE

FII

23-FEB-2012

4069.92

3965.37

104.55

DII TRADING ACTIVITY (NSE & BSE) In Crores CATEGORY

DATE

BUY VALUE

SELL VALUE

NET VALUE

DII

23-FEB-2012

1453.70

2094.63

-640.93

F&O TRADE STATISTICS PRODUCT Index Futures Stock Futures Index Options Stock Options F&O Total

NO OF CONTRACTS 974529 1340534 6760165 246672 9321900

TURNOVER. IN RS. CR. 25686 39264 186354 7466 258771

PUT CALL RATIO 1.13 0.66 1.11

ASIAN MARKETS Name

Open

High

Low

Current Value

Change

% Chg

Nikkei 225

9549.77

9609.84

9513.65

9595.57

41.57

0.43

Hang Seng

21356.53

21428.50

21325.56

21380.99

-168.29

-0.79

Taiwan

7981.92

7991.92

7935.42

7937.30

-64.38

-0.81

KOSPI

2016.46

2016.46

2001.25

2007.80

-20.85

-1.04

Jakarta

3994.66

3994.66

3953.43

3958.81

-36.21

-0.91

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TECHNICAL VIEW NIFTY DAILY PIVOT SCRIPT NIFTY

R4 5722

R3 5646

R2 5570

R1 5526

P 5494

S1 5450

S2 5418

S3 5342

S4 5266

OUTLOOK Trend: - Consolidate Resistance: - 5537, 5630 Support: - 5460, 5380 Strategy: - Buy on dips

NIFTY DAILY

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BANK NIFTY DAILY PIVOT SCRIPT BANK NIFTY

R4 11444

R3 11209

R2 10974

R1 10844

P 10739

S1 10609

S2 10504

S3 10269

S4 10034

OUTLOOK Trend: - Consolidate Resistance: - 10880, 11065 Support: - 10590, 10350 Strategy: - Buy on dips BANK NIFTY DAILY

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Stock Recommendation CapitalHeight’s stock recommendation for 24/02/12 is Housing Development Infrastructure Limited (HDIL). HDIL has been in overall uptrend and stock is in overdue correction phase now. Today as well the stock witnessed profit booking and ended down shredding more than 6% to end at 112.55. With Nifty in a correction phase, we expect HDIL to correct further and test the level of 108 in 2-3 days and if breaks that then can fall to 103-104 levels in near term.

Our recommendation on Housing Development is SELL below 112 for Tg of 110 & 107.

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