Weekly Equity News Letter by CapitalHeight 20-12-2010

Page 1

Weekly Newsletter Newsletter-Equity 20/12/2010

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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 up 1.5%, Nifty above 5900, up 91 pts & Sensex up 356 pts. WPI inflation came down at 7.48 vs. 8.58% m/m while food inflation up at 10.67%. Global markets ended in green, US jobless claims fall & Industrial activity fastens.

Indian equity market ended the last week sell off as Nifty ended up 1.56% and Sensex up 1.82%. Nifty ended the week above the crucial level of 5900 gaining 91.40 points and touched weekly high of 5956 while Sensex rallied 355.96 points to end near 20k level at 19864.75. The buying came later in the week post RBI credit policy meet as it kept base rate on hold. Bank nifty ended the week on a flat note at 11473.75. Frontline stocks like Tata Motors, RIL, Tata steel, IT & Bank stocks were major gainers.

India’s Wholesale Price Index for the month of November came better than expected, easing down to 7.48% vs. 8.58% (m/m). Food price inflation jumped up to 9.46% vs. 8.69% & Fuel price inflation climbed to 10.67% vs. 9.99%. Primary article inflation came down at 13% vs. 16.68%. RBI in its credit policy meet kept the base rates unchanged while it has eased down the liquidity by keeping SLR at 24% vs. 25%. RBI will also conduct OMO in next four weeks by buying bonds worth up to Rs.12000 Cr. each week.

Global equity markets

ended positive as world’s largest economy came up with a

number of positive economic data signaling economic recovery intact. DJIA ended up 81.59 pts at 11491 while S&P gained for third consecutive week, up at 1243.91. The U.S jobless claims came down at 420k while Philly fed manufacturing index jumped up to 24.3. Retail sales jumped to 0.8% while housing stats lagged at 0.53m. FTSE ended up 58.8 pts at 5871 & DAX ended below 7k at 6982, down 24 pts. Asian markets ended down with Jakarta comp. down 4.5% and Hangseng down almost 2%. www.capitalheight.com


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MARKET PERFORMANCE NSE GAINERS Company Name

Current(Rs.)

Prev. Close (Rs.)

Change (Rs.)

Change (%)

Crest Animation Prime Securities Rama Newsprint Arvind K S Oils

84.15 37.20 23.30 64.00 47.30

62.75 27.80 17.70 48.80 37.15

21.40 9.40 5.60 15.20 10.15

34.10 33.81 31.64 31.15 27.32

Company Name

Current(Rs.)

Prev. Close (Rs.)

Change (Rs.)

Change (%)

Weizmann Money Matters Shree Ashtavinayak Parekh Aluminex Sujana Metal

20.20 186.15 13.05 219.30 16.20

77.25 703.55 48.10 546.45 40.25

-57.05 -517.40 -35.05 -327.15 -24.05

-73.85 -73.54 -72.87 -59.87 -59.75

NSE LOSERS

NIFTY - 5 DAYS UP Company Name

Current(Rs.)

Prev. Close (Rs.)

Change (Rs.)

5 Days Return (%)

Tata Motors Tata Steel SAIL R Infra TCS

1347.00 660.40 188.25 829.30 1140.70

1247.60 619.00 176.50 780.15 1074.90

99.40 41.40 11.75 49.15 65.80

7.97 6.69 6.66 6.30 6.12

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WORLD INDICES Indices

Country

Date

Index

Net Change

Change (%)

Hang Seng

Hong Kong

17-Dec-10

22,714.85

-448.06

-1.93

Jakarta Composite

Indonesia

17-Dec-10

3,581.56

-166.15

-4.43

Nikkei 225

Japan

17-Dec-10

10,303.83

91.88

0.90

Malaysia

17-Dec-10

1,499.88

-7.40

-0.49

Singapore

17-Dec-10

3,153.01

-32.41

-1.02

South Korea

17-Dec-10

2,026.30

40.16

2.02

FTSE 100

United Kingdom

17-Dec-10

5,871.75

58.80

1.01

Nasdaq

United States

18-Dec-10

2,642.97

5.43

0.21

DJIA

United States

18-Dec-10

11,491.91

81.59

0.72

S&P 500

United States

18-Dec-10

1,243.91

3.51

0.28

KLSE Composite Straits Times Seoul Composite

INDIAN EQUITY MARKET INDICES

VALUE

CHANGE

% CHANGE

NIFTY BANK NIFTY SENSEX

5,948.75 11,473.75 19,864.85

91.40 -27.00 355.96

1.56 -0.23 1.82

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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDEX

R4

R3

R2

R1

P

S1

S2

S3

S4

NIFTY

6380

6220

6060

6005

5900

5845

5740

5580

5420

OUTLOOK Trend:- Consolidate Resistance:- 6040 6040, 6150 Support:- 5865, 55790 Strategy:- Buy on dips NIFTY WEEKLY

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BANK NIFTY WEEKLY PIVOT INDEX

R4

BANK NIFTY 12941

R3

R2

R1

P

S1

S2

S3

S4

12441

11941

11708

11441

11208

10941

10441

9941

OUTLOOK Trend:- Consolidate Resistance:- 11880 11880, 12240 Support:- 11040,, 110700 Strategy:- Buy on dips BANK NIFTY WEEKLY

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