Weekly Newsletter Newsletter-Equity 18/10/2010
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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 equity market ended in red due to profit booking, Nifty down 40 pts at 6062. India’s Wholesale Price Index headline inflation marginally up at 8.62% vs. 8.50%. Global markets ended the week in green with DJIA up 56 pts & hangseng up 3%.
Indian markets ended negative for the week due to profit booking on 32 month highs dragging Nifty down 40 pts or 0.67% to 6062 after touching high of 6284. Sensex dipped 125 pts to settle at 20125, down 0.62%. Markets shred its early gains as Nifty sliced 172 pts & Sensex lost 563 pts in last two trading days. Bank nifty too slipped on profit booking losing 93 pts to end at 12436 after touching a new all time high of 12885.
India’s wholesale price Index headline inflation came marginally up at 8.62% for the month of September vs. 8.50% in August while Food price inflation came up at 16.37% vs. 16.24% (WoW) & Fuel price inflation climbed to 11.14% vs. 10.73%. In Q2 results, Infosys posted net profit of Rs. 1737 Cr. vs. 1488 Cr., up 16.37% (QoQ) and a growth of 12.08% in net sales. In financials, Axis bank posted a net profit of Rs. 735.1 cr. vs. Rs. 536.60 Cr. (YoY)
Global equity markets ended positive for the week with Dow Jones up 56 pts or 0.51% at 11062 after shredding gains in later part of the week on concerns over growing foreclosures in financials. NASADAQ shot up 66.86 for the week or 2.78% to end at 2468 as Google quarterly results beat Wall Street expectations. US economic data came mixed with Unemployment claims up at 462k while PPI came better than expected at 0.4% and Empire state mfg. index up at 15.1 vs. 7.1. In Asian market, Hangseng surged 800 pts, up 3.55% while Nikkei was down 88 pts or 0.92% on weak industrial production data at (-) 0.5%. www.capitalheight.com
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MARKET PERFORMANCE NSE GAINERS Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
BLB Ltd Khaitan Electricals Binani Industries Uflex XPRO India
16.80 201.80 235.45 307.65 82.10
10.05 137.65 168.40 229.25 61.45
6.75 64.15 67.05 78.40 20.65
67.16 46.60 39.82 34.20 33.60
Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Jupiter Bioscience Mangalam Timber Ramsarup Ind Gallantt Metal Todays Writing
84.25 22.55 46.95 30.05 12.20
118.10 31.30 64.10 39.65 15.80
-33.85 -8.75 -17.15 -9.60 -3.60
-28.66 -27.96 -26.76 -24.21 -22.78
NSE LOSERS
NIFTY - 5 DAYS UP Company Name
Current(Rs.)
Prev. Close (Rs.)
5 Days ago (Rs.)
5 Days Return (%)
Sesa Goa Tata Motors Sterlite Wipro GAIL
374.200 1,156.05 178.35 473.45 499.85
374.90 1,183.25 182.20 490.45 503.65
350.15 1,102.95 174.00 462.50 490.15
6.87 4.81 2.50 2.37 1.98
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WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
15-Oct-10
23,757.63
813.45
3.55
Jakarta Composite
Indonesia
15-Oct-10
3,597.03
50.08
1.41
Nikkei 225
Japan
15-Oct-10
9,500.25
-88.63
-0.92
Malaysia
15-Oct-10
1,489.86
8.45
0.57
Singapore
15-Oct-10
3,204.27
50.93
1.62
South Korea
15-Oct-10
1,902.29
5.22
0.28
FTSE 100
United Kingdom
15-Oct-10
5,703.37
45.76
0.81
Nasdaq
United States
16-Oct-10
2,468.77
66.86
2.78
DJIA
United States
16-Oct-10
11,062.78
56.30
0.51
S&P 500
United States
16-Oct-10
1,176.19
11.04
0.95
KLSE Composite Straits Times Seoul Composite
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
6,062.65 12,436.70 20,125.05
-40.80 -93.85 -125.21
-0.67 -0.75 -0.62
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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES
R4
R3
R2
R1
P
S1
S2
S3
S4
NIFTY
6834
6600
6366
6214
6132
5980
5898
5664
5430
OUTLOOK Trend:- Consolidate Resistance:- 6190 190, 6360 Support:- 5960, 55880 Strategy:- Sell on highs NIFTY WEEKLY
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BANK NIFTY WEEKLY PIVOT SCRIPT
R4
R3
R2
R1
P
S1
S2
S3
S4
BANK NIFTY
14018
13537
13056
12746
12575
12265
12094
11613
11132
OUTLOOK Trend:- Consolidate Resistance:- 12800 800, 13060 Support:- 12240,, 12060 Strategy:- Sell on highs BANK NIFTY WEEKLY
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