Weekly Newsletter Newsletter-Equity 10/01/2011
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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 despite positive global markets, Nifty down 229 pts. Food price inflation came up at 18.32% & fuel price inflation came at 11.63%. Global markets ends up, Nasdaq up 50 pts, DJIA up 97 pts & FTSE up 84.3 pts
Indian equity market ended the first week of 2011 negative despite positive global cues as FII offloaded their exposure while DII were major buyers. Nifty sliced down 229 pts or 3.75% to end at 5904, below 6k while Sensex slipped below 20k shredding 817 pts or 3.98% to settle at 19691.80. Bank nifty was worst hit though made a double bottom at 11040 to end at 11081, down 758 pts. Bankex, Auto, and realty were down 5 - 7% while metal stocks were down 3 - 4%. Oil, FMCG & Healthcare were marginally down 1 - 2%.
India’s
food price inflation accelerated this week to 18.32% vs. 14.40% while fuel
price inflation was unchanged at 11.63% y/y. The primary articles index came up at 20.20% vs. 17.24%. The WPI inflation is at 7.48% while it is expected to accelerate above 8% which may put pressure on RBI for further monetary tightening and increase key policy rates. In a recent survey, India’s factory PMI in Dec slipped to 56.7 vs. 58.4 while Services PMI in Dec slipped to 57.7 vs. 60.1 m/m.
Global equity markets ended in green due to positive economic data as major global indices ends near their 52 weeks high on recovery hopes though weaker U.S retail sales & jobless data hampered gains. DJIA ended up 97 pts at 11674.7 & NASDAQ climbed to 2703.3, up 50.3 pts or 1.90%. In Euro zone, FTSE was up 84.3 pts to end at 5984 and DAX gained 34 pts to end at 6947.8 and CAC ended up at 3865. Asian markets ended up with Hangseng up 2% & Nikkei up 3%.
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MARKET PERFORMANCE NSE GAINERS Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Compuage Infocom Bhartiya Int Delta Magnets G M Breweries TCI Finance
230.75 96.30 54.25 124.80 54.10
190.90 80.85 46.30 107.70 47.45
39.85 15.45 7.95 17.10 6.65
20.87 19.11 17.17 15.88 14.01
Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Spectacle Infotek Money Matters Jupiter Bioscience Sujana Metal Weizmann
31.60 113.40 46.50 15.45 19.25
128.45 228.95 66.55 22.05 27.35
-96.85 -115.55 -20.05 -6.60 -8.10
-75.40 -50.47 -30.13 -29.93 -29.62
NSE LOSERS
NIFTY - 5 DAYS UP Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
5 Days Return (%)
GAIL Cairn India HCL Tech Tata Power Sun Pharma
524.45 340.15 465.25 1389.25 493.35
527.15 341.70 477.70 1399.30 500.00
512.65 332.75 456.25 1365.55 484.95
2.30 2.22 1.97 1.74 1.73
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WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
07-Jan-11
23,686.63
651.18
2.83
Jakarta Composite
Indonesia
07-Jan-11
3,631.45
-72.06
-1.95
Nikkei 225
Japan
07-Jan-11
10,541.04
312.12
3.05
Malaysia
07-Jan-11
1,572.21
53.30
3.51
Singapore
07-Jan-11
3,261.35
71.31
2.24
South Korea
07-Jan-11
2,086.20
35.20
1.72
FTSE 100
United Kingdom
07-Jan-11
5,984.33
84.39
1.43
Nasdaq
United States
08-Jan-11
2,703.17
50.30
1.90
DJIA
United States
08-Jan-11
11,674.76
97.25
0.84
S&P 500
United States
08-Jan-11
1,271.50
13.86
1.10
KLSE Composite Straits Times Seoul Composite
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
5,904.60 11,081.00 19,691.81
-229.90 -758.00 -817.28
-3.75 -6.40 -3.98
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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDEX
R4
R3
R2
R1
P
S1
S2
S3
S4
NIFTY
6883
6585
6287
6096
5989
5798
5691
5393
5095
OUTLOOK Trend:- Consolidate Resistance:- 6120 6120, 6180 Support:- 5790, 55670 Strategy:- Sell on highs NIFTY WEEKLY
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BANK NIFTY WEEKLY PIVOT INDEX
R4
BANK NIFTY 14104
R3
R2
R1
P
S1
S2
S3
S4
13189
12274
11677
11359
10762
10444
9529
8614
OUTLOOK Trend:- Consolidate Resistance:- 11450 1450, 11680 Support:- 10800,, 110620 Strategy:- Sell on highs BANK NIFTY WEEKLY
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