Weekly Newsletter Newsletter-Equity 27/12/2010
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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 1.0%, Nifty above 6k, up 62.8 pts & Sensex up 208.8 pts. Food price inflation came up at 12.13% while fuel price inflation up at 10.74% y/y. Global markets at 2 year high on upbeat economic data, DJIA up 81 pts at 11573.
Indian equity market ended up for 2nd consecutive week due to positive global cues. Nifty ended the week above the crucial level of 6k at 6011, up 62.8 pts while Sensex settled itself above 20k at 20073, up 208.8 pts. Bank nifty ended added 60 pts to end at 11533. Nifty is in a range of 6050 – 5900 where to see further upside it must break 6050 efficiently while on downside 5965 & 5910 are its crucial support. Sugar & fertilizer stocks were among major gainers while Dr reddy’s, Tata motors & BPCL declined 3-5%.
Food price inflation came up at 12.13% vs. 9.46% with primary articles price index up at 15.35% vs. 13.25% y/y. Fuel price inflation too came up at 10.74% vs. 10.67%. The crucial WPI inflation this month came down at 7.48% vs. 8.58% m/m. The sudden jump in food price inflation is due to rise of prices in crucial article like onion. This may also prompt Reserve bank of India to hike key interest rates in its policy review meet in coming January. The November oil refinery output came down at 3.7% y/y.
Global equity markets held their two year high level and ended in green driven by another week of upbeat economic data from US. DJIA added 81.5 pts to end the week at 11573.4 while S&P added 12.8 pts to end at 1256.7. U.S jobless claims came down at 420k and durable goods order came up at 2.4% vs. 1.7%. In Euro zone, FTSE added 137 pts to end up at 6008.9 & CAC ended up at 3900 & DAX up almost 70 pts at 7057. French consumer spending came up at 2.8% vs. 0.5%. In Asian markets, Nikkei & Straits ended down marginally. www.capitalheight.com
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MARKET PERFORMANCE NSE GAINERS Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Oswal Chemicals Jindal Photo Almondz Global Saksoft KLG Systel
37.55 232.60 55.75 52.65 87.50
26.00 172.55 41.80 39.50 67.80
11.55 60.05 13.95 13.15 19.70
44.42 34.80 33.37 33.29 29.06
Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Shree Ashtavinayak Money Matters Spectacle Infotek Ackruti City DCM
10.20 144.30 52.45 256.95 79.50
43.65 533.80 162.55 429.45 130.65
-33.45 -389.50 -110.10 -172.50 -51.15
-76.63 -72.97 -67.73 -40.17 -39.15
NSE LOSERS
NIFTY - 5 DAYS UP Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
5 Days Return (%)
R Com Sterlite Ind Sesa Goa Hindalco Sun Pharma
141.95 184.95 316.15 239.60 473.30
126.85 168.40 288.85 223.95 443.25
15.10 16.55 27.30 15.65 30.05
11.90 9.83 9.45 6.99 6.78
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WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
24-Dec-10
22,833.80
118.95
0.52
Jakarta Composite
Indonesia
23-Dec-10
3,611.53
29.97
0.84
Nikkei 225
Japan
24-Dec-10
10,279.19
-24.64
-0.24
Malaysia
24-Dec-10
1,511.58
11.70
0.78
Singapore
24-Dec-10
3,143.80
-9.21
-0.29
South Korea
24-Dec-10
2,029.60
3.30
0.16
FTSE 100
United Kingdom
24-Dec-10
6,008.92
137.17
2.34
Nasdaq
United States
24-Dec-10
2,665.60
22.63
0.86
DJIA
United States
24-Dec-10
11,573.49
81.58
0.71
S&P 500
United States
24-Dec-10
1,256.77
12.86
1.03
KLSE Composite Straits Times Seoul Composite
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
6,011.60 11,533.85 20,073.66
62.85 60.10 208.81
1.06 0.52 1.05
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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDEX
R4
R3
R2
R1
P
S1
S2
S3
S4
NIFTY
6244
6164
6084
6047
6004
5967
5924
5844
5764
OUTLOOK Trend:- Consolidate Resistance:- 6090 090, 6150 Support:- 5910, 55865 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
11550
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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