Weekly Newsletter Newsletter-Equity 06/09/2010
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Weekly Newsletter Contents Market Wrap Market Performance NSE Gainers NSE Losers NIFTY 5 Days Up World Indices Indian Equity Market Technical Analysis Nifty Spot Bank Nifty Future
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MARKET WRAP Indian markets ended up 1.20% this week, Nifty up 68 pts & Sensex up 158 pts. India’s Q1 GDP at 8.8% vs. 8.6% & at market price restated to 10.02% vs. 3.7%. Global markets surge 2% - 3% on best major economic data in last two weeks.
Indian equity markets ended up 1.20% this week with Nifty gaining 68 points to settle above 5450 at 5479 and Sensex surged 158 pts to end above 18K level at 18221. Nifty was positive mostly during the week but ended on negative basis. It touched weekly high of 5513 & support of 5350. Nifty junior and CNX midcap gained 2.2% - 2.8%. In pharmaceuticals, Ranbaxy gained 7% while Sun pharma was down 2.6%. Reliance Infra, Ambuja & ICICI surged 3% - 5%. In metals, Tata steel was up 6%.
India’s Q1 Gross Domestic Product came better than expected at 8.80% vs. 8.6%. Q1 GDP is also revised at 10.02% from 3.70% because of wrong calculations. Manufacturing sector jumped 12.4% while Farm sector expanded 2.80%. India’s exports rose for 9th straight month in July, grew at annual 13.2% to USD 16.24 bn & imports are up 34.30% at USD 29.17 bn. Food price inflation accelerated to 10.86% & fuel price inflation is up at 12.86% vs. 12.57%.
Global markets rallied this week due to better US & Europe economic data ending fears of double dip recession. It was best economic data posted in last two weeks. DJIA surged 297 pts ending at 10447 & S&P gained 39 pts and is at 1104. The US consumer confidence came better at 53.5, Non-farm employment is down at (-)54K vs. (-)101K, Pending home sales jumped to 5.2% vs. (-)1.3% & ISM manufacturing PMI is up at 56.3 vs. 53.2. European markets too ended higher with FTSE surging 226 pts settling at 5428 while DAX & CAC is up at 6134 & 3672 respectively. www.capitalheight.com
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MARKET PERFORMANCE NSE GAINERS Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Vindhya Telelinks EIH Associated Birla Ericsson Hercules Hoists Kesar Enterprises
352.40 209.05 23.25 343.65 73.80
235.45 143.65 16.40 258.45 56.00
116.95 65.40 6.85 85.20 17.80
49.67 45.53 41.77 32.97 31.79
Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Ramsarup Industries Harrisons Malayalam Blue Bird Bartronics India Asian Hotels
67.85 90.85 10.05 103.20 395.35
103.10 133.05 14.60 141.55 503.75
-35.25 -42.20 -4.55 -38.35 -108.40
-34.19 -31.72 -31.16 -27.09 -21.52
NSE LOSERS
NIFTY - 5 DAYS UP Company Name
Current(Rs.)
Prev. Close (Rs.)
5 Days ago (Rs.)
5 Days Return (%)
Suzlon Tata Steel Hindalco Airtel Sterlite
51.30 544.05 173.65 334.10 160.65
47.70 510.15 164.00 316.10 152.05
3.60 33.90 9.65 18.00 8.60
7.55 6.65 5.88 5.69 5.66
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WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
03-Sep-10
20,971.50
374.15
1.82
Jakarta Composite
Indonesia
03-Sep-10
3,164.28
59.55
1.92
Nikkei 225
Japan
03-Sep-10
9,114.13
123.07
1.37
Malaysia
03-Sep-10
1,435.67
24.62
1.74
Singapore
03-Sep-10
3,002.56
63.82
2.17
South Korea
03-Sep-10
1,780.02
50.46
2.92
FTSE 100
United Kingdom
03-Sep-10
5,428.15
226.59
4.36
Nasdaq
United States
04-Sep-10
2,233.75
80.12
3.72
DJIA
United States
04-Sep-10
10,447.93
297.28
2.93
S&P 500
United States
04-Sep-10
1,104.51
39.92
3.75
KLSE Composite Straits Times Seoul Composite
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
5,479.40 10,977.70 18,221.43
70.70 236.00 223.02
1.31 2.20 1.24
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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES
R4
R3
R2
R1
P
S1
S2
S3
S4
NIFTY
5943
5778
5612
5546
5447
5381
5282
5117
4952
OUTLOOK Trend:- Consolidate Resistance:- 5550 5550, 5675 Support:- 5350,, 55210 Strategy:- Buy on dips NIFTY WEEKLY
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BANK NIFTY WEEKLY PIVOT SCRIPT
R4
R3
R2
R1
P
S1
S2
S3
S4
BANK NIFTY
11940
11584
11229
11103
10873
10748
10518
10162
9807
OUTLOOK Trend:- Consolidate Resistance:- 11110 11110, 11230 Support:- 10630,, 10300 Strategy:- Buy on dips BANK NIFTY WEEKLY
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