Weekly Newsletter Newsletter-Equity 01/11/2010
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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 marginally, Nifty down 48 pts & Sensex down 133 pts. ICICI bank Q2 net profit up 21.8% at `1395 Cr. & NPA down at 1.4% vs. 2.2%. Global equity markets ended mixed this week despite hopeful economic data.
Indian
equity markets ended marginally down this week but closed above their
psychological levels. Nifty lost 48 pts to end above 6k at 6017 after testing the major support level of 5950 & Sensex shred 148 pts to settle above 20k at 20032. Nifty is ranged between 5960-6100 and need a trigger to break its current range. Bank nifty post ICICI bank Q2 results recovered and ended with a minor loss of 52 pts at 12372.
ICICI bank posted its Q2 result beating estimates, up 21.8% at `1395 Cr vs. `1145 Cr. while its NPA declined to 1.2%. In Automobile space, Hero Honda posted disappointed Q2 result down 15% at `506 Cr. vs. `597 cr. while its sales were up 11.65% at `4511 Cr. vs. `4040 Cr. India’s food price inflation eased down to 13.75% vs. 15.53% & fuel price inflation was up at 11.25% vs. 11.14%. With WPI inflation inched up to 8.62% in Sep, RBI in its monetary policy review meet on Nov 2 may hike rates by 25 BPS.
Global equity markets ended
mixed despite encouraging economic data with DJIA
ending down 30 pts at 11102 & NASDAQ ending up 1.13% or 28 pts at 2507 driven by expectations of Fed monetary easing. US jobless claims came well than expected, down at 434k and new home sales were up at 307k. US economy grew slack as its GDP came at 2.0% vs. 2.1%. European markets ended down in red with FTSE worst at 5675, down 66 pts or 1.15% as HPI m/m came negative at (-) 0.7% despite prelim GDP q/q up at 0.8% vs. 0.4% .
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MARKET PERFORMANCE NSE GAINERS Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Vijay Textiles Digjam Indbank Merchant ABG Shipyard Uniphos Enterprise
35.25 15.55 21.55 470.75 46.80
25.00 11.55 16.40 360.40 35.95
10.25 4.00 5.15 110.35 10.85
41.00 34.63 31.40 30.62 30.18
Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Celebrity Fashions Ramsarup Ind Glory Polyfilms Indo Asian Fusegear XL Telecom
15.95 38.40 10.80 92.80 30.90
29.45 59.90 14.95 127.75 41.95
-13.50 -21.50 -4.15 -34.95 -11.05
-45.84 -35.89 -27.76 -27.36 -26.34
NSE LOSERS
NIFTY - 5 DAYS UP Company Name
Current(Rs.)
Prev. Close (Rs.)
5 Days ago (Rs.)
5 Days Return (%)
M&M Maruti Dr Reddys ICICI Bank Cipla
733.70 1551.60 1659.60 1163.00 352.95
733.05 1534.80 1645.90 1089.05 350.15
701.60 1503.30 1609.50 1131.85 344.35
4.58 3.21 3.11 2.75 2.50
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WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
29-Oct-10
23,096.32
-421.22
-1.79
Jakarta Composite
Indonesia
29-Oct-10
3,635.32
37.57
1.04
Nikkei 225
Japan
29-Oct-10
9,202.45
-224.26
-2.38
Malaysia
29-Oct-10
1,505.66
15.02
1.01
Singapore
29-Oct-10
3,142.62
-30.95
-0.98
South Korea
29-Oct-10
1,882.95
-14.36
-0.76
FTSE 100
United Kingdom
29-Oct-10
5,675.16
-66.21
-1.15
Nasdaq
United States
30-Oct-10
2,507.41
28.02
1.13
DJIA
United States
30-Oct-10
11,102.40
-30.16
-0.27
S&P 500
United States
30-Oct-10
1,182.66
-0.42
-0.04
KLSE Composite Straits Times Seoul Composite
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
6,017.70 12,372.15 20,032.34
-48.35 -52.15 -133.52
-0.80 -0.42 -0.66
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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES
R4
R3
R2
R1
P
S1
S2
S3
S4
NIFTY
6677
6463
6249
6133
6035
5919
5821
5607
5570
OUTLOOK Trend:- Consolidate Resistance:- 61500, 6300 Support:- 5960, 55880 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
14227
13597
12967
12670
12337
12040
11707
11077
10447
OUTLOOK Trend:- Consolidate Resistance:- 126220, 12880 Support:- 12180,, 12060 Strategy:- Buy on dip dips BANK NIFTY WEEKLY
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