Weekly Newsletter Newsletter-Equity 03/01/2011
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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 equity market gained 2% in last week of 2010, Nifty up 122.9 pts at 6134.5. Indian market added 18% in 2010, Nifty up 933.5 pts & Sensex gained 3045.5 pts. Global markets ended mixed with major indices in red, Asian markets ended firm.
Indian equity market ended the last week of 2010 on positive bias with Nifty ending above 6100. As we said in our last weekly report, Nifty broke the crucial resistance of 6040 to end the week at 6134.5. Nifty added 122.9 pts while Sensex added 435.43 pts to settle above 20500 at 20509. Bank nifty gained 305 pts or 2.65% to end near 12k at 11839. In banking, SBI jumped 2.3% while positive buying was seen in Realty, Auto, Telecom and Power cos. Anil ambani’s companies surged 2% - 5% on new identity.
India’s food inflation accelerated to 10-month high, up at 14.44% vs. 12.13% while Fuel price inflation index too climbed to 11.63% vs. 10.74% y/y. Primary articles index is up at 17.24% vs. 15.35%. The head WPI inflation gauge is down at 7.48% vs. 8.58% while it is expected to jump up due to rising food prices and supply shortages that will put pressure on RBI for another round of rate hike. The infrastructure o/p in Nov grew 2.3% y/y while annual industrial o/p growth jumped up to 108% vs. 4.4%.
Global
equity markets ended mixed as major global indices ended negative while
Asian markets ended firm. DJIA ended flat at 11577, up 4 pts while NASDAQ ended in red after two weeks at 2652, down 12.7 pts. Though crucial data like jobless claims came down at 388k and pending home sales & Chicago PMI came up at 3.5% and 68.6 respectively. FTSE ended down 1.8% or 108.9 pts at 5899.4 and DAX down at 6914 due to beaten down EURO. Asian markets ended positive with Hangseng up 0.8% & Jakarta composite up 2.5%. www.capitalheight.com
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MARKET PERFORMANCE NSE GAINERS Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Binani Industries PVP Ventures Ruchira Papers Parekh Aluminex Carol Info Services
223.85 11.05 22.05 329.00 147.75
165.90 8.60 18.10 270.55 122.25
57.95 2.45 3.95 58.45 25.50
34.93 28.49 21.82 21.60 20.86
Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Spectacle Infotek Weizmann Money Matters Sujana Metal Glodyne Tech
40.70 20.70 130.95 16.05 686.50
162.65 82.00 295.80 28.40 1092.25
-121.95 -61.30 -164.85 -12.35 -405.75
-74.98 -74.76 -55.73 -43.49 -37.15
NSE LOSERS
NIFTY - 5 DAYS UP Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
5 Days Return (%)
Suzlon R Com HDFC Bank R Infra HUL
54.70 145.35 2346.35 843.20 312.90
50.70 137.00 2213.70 797.30 296.25
4.00 8.35 132.65 45.90 16.65
7.89 6.09 5.99 5.76 5.62
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WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
31-Dec-10
23035.45
201.65
0.88
Jakarta Composite
Indonesia
30-Dec-10
3703.51
91.98
2.55
Nikkei 225
Japan
30-Dec-10
10228.92
-50.27
-0.49
Malaysia
30-Dec-10
1518.91
7.33
0.48
Singapore
31-Dec-10
3190.04
46.24
1.47
South Korea
30-Dec-10
2051.00
21.40
1.05
FTSE 100
United Kingdom
31-Dec-10
5899.94
-108.98
-1.81
Nasdaq
United States
01-Jan-11
2652.87
-12.73
-0.48
DJIA
United States
01-Jan-11
11577.51
4.02
0.03
S&P 500
United States
01-Jan-11
1257.64
0.87
0.07
KLSE Composite Straits Times Seoul Composite
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
6134.50 11839.00 20509.09
122.90 305.15 435.43
2.04 2.65 2.17
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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDEX
R4
R3
R2
R1
P
S1
S2
S3
S4
NIFTY
6580
6416
6252
6193
6088
6029
5924
5760
5596
OUTLOOK Trend:- Bullish 225, 6310 Resistance:- 6225 Support:- 6070, 55940 Strategy:- Buy on dips NIFTY WEEKLY
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BANK NIFTY WEEKLY PIVOT INDEX
R4
BANK NIFTY 13056
R3
R2
R1
P
S1
S2
S3
S4
12609
12162
12001
11715
11554
11268
10821
10374
OUTLOOK Trend:- Bullish Resistance:- 12050 12050, 12350 Support:- 11440,, 111150 Strategy:- Buy on dips BANK NIFTY WEEKLY
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