Weekly Newsletter Newsletter-Equity 13/12/2010
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Weekly Newsletter Contents Market Wrap Market Performance NSE Gainers NSE Losers NIFTY Five Days Up World Indices Indian Equity Market Technical Analysis Nifty Spot Bank Nifty Future
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MARKET WRAP Indian market ended down 2.30%, Nifty lost 135 pts while Sensex sliced 458 pts. Oct IIP data up at 10.8% vs. 4.4% (m/m) & Apr-Oct IIP at 10.3% vs. 6.90% (y/y). Global markets ended in green, S&P up 15 pts and DAX ended above 7k at 7006.
Indian markets ended down 2.3% this week despite positive global markets though better than expected IIP data helped market to recover. Nifty lost 135 pts or 2.26% to end the week at 5857 & touched weekly low of 5721 while Sensex sliced 458 pts to settle at 19508 after testing the 19k level. Bank Nifty was worst hit losing 907 pts or 7.32% to end at 11500. In financials, SBI crashed 11% while ICICI, HDFC & Axis bank slipped 5-7%. Realty index cracked 6.5% while Auto & capital goods indices fell 3 - 4%.
India’s October Index of industrial production came better than expected, up at 10.80% vs. 4.40% (m/m), fastest in last three months while April - October IIP is up at 10.30% vs. 6.9% (y/y). Sector-wise, Capital goods growth was up at 22% vs. 10.90% while manufacturing sector was at 11.30% vs. 10.80%. Auto sales number too jumped up 9% though consumer goods saw de-growth, down at 9.60% vs. 11.40%. Food price index jumped up to 8.69% vs. 8.60% while fuel price inflation was unchanged at 9.99%.
Global equity markets ended due to numbers of better than expected economic data supporting the economic recovery hopes. DJIA ended up 28 pts at 11410 while S&P ended stronger for 2nd consecutive week gaining 1.28% to end at 1240. U.S unemployment claims came better than expected at 421K vs. 438K complimented by positive trade balance & import prices. European markets ended positive with FTSE up 67 pts to end at 5812 while DAX ended above the crucial 7k level at 7006 as German WPI & Industrial production (m/m) came up at 0.7% and 2.9% respectively. www.capitalheight.com
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MARKET PERFORMANCE NSE GAINERS Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Blue Coast Hotels Hexaware Tech ACC Core Projects Kirloskar Ind
239.40 97.35 1075.20 264.25 398.35
207.45 88.05 975.90 242.25 368.95
31.95 9.30 99.30 22.00 29.40
15.40 10.56 10.18 9.08 7.97
Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Money Matters Weizmann Shree Ashtavinayak Parekh Aluminex Sujana Metals
206.65 24.70 15.95 227.90 19.90
670.00 76.10 48.45 565.20 44.05
-463.35 -51.40 -32.50 -337.30 -24.15
-69.16 -67.54 -67.08 -59.68 -54.82
NSE LOSERS
NIFTY - 5 DAYS UP Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
5 Days Return (%)
ACC Wipro Ambuja NTPC BHEL
1,075.20 450.95 142.00 192.40 2,287.80
975.90 430.65 137.00 187.05 2,238.65
99.30 20.30 5.00 5.35 49.15
10.18 4.71 3.65 2.86 2.20
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WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
10-Dec-10
23,162.91
-157.61
-0.68
Jakarta Composite
Indonesia
10-Dec-10
3,747.71
51.45
1.39
Nikkei 225
Japan
10-Dec-10
10,211.95
33.63
0.33
Malaysia
10-Dec-10
1,507.28
6.30
0.42
Singapore
10-Dec-10
3,185.42
12.98
0.41
South Korea
10-Dec-10
1,986.14
28.88
1.48
FTSE 100
United Kingdom
10-Dec-10
5,812.95
67.63
1.18
Nasdaq
United States
11-Dec-10
2,637.54
46.08
1.78
DJIA
United States
11-Dec-10
11,410.32
28.23
0.25
S&P 500
United States
11-Dec-10
1,240.40
15.69
1.28
KLSE Composite Straits Times Seoul Composite
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
5,857.35 11,500.75 19,508.89
-135.45 -907.90 -458.04
-2.26 -7.32 -2.29
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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDEX
R4
R3
R2
R1
P
S1
S2
S3
S4
NIFTY
6930
6581
6232
6044
5883
5695
5534
5185
4836
OUTLOOK Trend:- Consolidate Resistance:- 5975 5975, 6120 Support:- 5720, 55640 Strategy:- Sell on highs NIFTY WEEKLY
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BANK NIFTY WEEKLY PIVOT INDEX
R4
BANK NIFTY 15991
R3
R2
R1
P
S1
S2
S3
S4
14552
13113
12306
11674
10867
10235
8796
7357
OUTLOOK Trend:- Consolidate Resistance:- 11880 11880, 12240 Support:- 11040,, 110650 Strategy:- Sell on highs BANK NIFTY WEEKLY
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