Weekly Newsletter Newsletter-Equity 04/10/2010
www.Capitalheight.com Capitalheight.com
info@capitalheight.com Phone- (0731)4295950
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
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET WRAP Indian equity markets rally 2% this week extending gains for 5th consecutive week. Food price index rises to 16.44% & Fuel index was down at 10.73% vs. 11.48%. Global markets ended mixed with Asian markets in green and DJIA ended in red.
Indian markets extended the gains for fifth consecutive week led by spurt in buying on the expiry and huge FIIs inflow seen at 6000 level. Indian markets recorded the highest ever volume turnover standing at Rs. 2, 36,128.71 Crore. Nifty added 125 pts or 2.08% to settle at 6143 after hitting a new 32 month high of 6153 while Sensex surged 399 pts or 2% ending at 20445. Bank nifty made a new all time high of 12619.80 and settled at 12596.50. In sectoral space, major gainers were metal, auto and realty sectors.
India’s food inflation in the year till Sep 18 accelerated to 16.44% vs. 16.46% in last week while fuel price inflation rose to 0.73%, slower than previous week’s 11.48%. India’s fiscal deficit from Apr-Aug was at a 3 month high of Rs. 1.51 trillion. With this India’s August exports were up 22.55% at USD 16.64 Bn while imports for the month rose 32.205 to USD 29.70 Bn. ADB forecasts India to grow 8.7% in FY11 vs. 8.5% this year.
Global markets ended mixed on weekly basis due to mixed bag of data from major economies. The Euro economy saw unemployment rate higher at 10.1% while GBP manufacturing PMI came down at 53.4 vs. 53.7. The US unemployment rate came down at 453K vs. 469K & ISM manufacturing PMI was unchanged. The inflation expectation data was at 2.2%, suggesting more fed easing. With this, Dow Jones recovered in the end to lose 30 pts ending at 10,829. Asian markets ended in green due to stronger than expected revival in Chinese manufacturing PMI. www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET PERFORMANCE NSE GAINERS Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Parenteral Drugs Orchid Chemicals DCM PNB Gilts STI India
296.20 267.30 132.55 45.25 19.55
224.20 212.95 107.20 36.75 16.05
72.00 54.35 25.35 8.50 3.50
32.11 25.52 23.65 23.13 21.81
Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Mangalam Timber Times Guaranty Gallantt Metal Andhra Pradesh Jupiter Bioscience
24.15 63.10 33.25 189.55 91.10
32.60 77.95 39.85 224.30 107.20
-8.45 -14.85 -6.60 -34.75 -16.10
-25.92 -19.05 -16.56 -15.49 -15.02
NSE LOSERS
NIFTY - 5 DAYS UP Company Name
Current(Rs.)
Prev. Close (Rs.)
5 Days ago (Rs.)
5 Days Return (%)
SAIl Siemens BHEL Jindal Steel Axis Bank Ltd
223.55 834.35 2590.70 731.85 1574.85
206.90 785.50 2467.60 699.10 1507.15
16.65 48.85 123.10 32.75 67.70
8.05 6.22 4.99 4.68 4.49
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
30-Sep-10
22,358.17
238.74
1.08
Jakarta Composite
Indonesia
01-Oct-10
3,547.11
152.71
4.50
Nikkei 225
Japan
01-Oct-10
9,404.23
-67.44
-0.71
Malaysia
01-Oct-10
1,466.32
15.13
1.04
Singapore
01-Oct-10
3,130.90
38.22
1.24
South Korea
01-Oct-10
1,876.73
30.13
1.63
FTSE 100
United Kingdom
01-Oct-10
5,592.90
-5.58
-0.10
Nasdaq
United States
02-Oct-10
2,370.75
-10.47
-0.44
DJIA
United States
02-Oct-10
10,829.68
-30.58
-0.28
S&P 500
United States
02-Oct-10
1,146.24
-2.43
-0.21
KLSE Composite Straits Times Seoul Composite
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
6,143.40 12,596.50 20,445.04
125.10 300.85 399.86
2.08 2.45 1.99
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES
R4
R3
R2
R1
P
S1
S2
S3
S4
NIFTY
6655
6466
6276
6210
6087
6020
5897
5708
5518
OUTLOOK Trend:- Bullish Resistance:- 6270 270, 6350 Support:- 6040, 59 5910 Strategy:- Buy on dips NIFTY WEEKLY
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
BANK NIFTY WEEKLY PIVOT SCRIPT
R4
R3
R2
R1
P
S1
S2
S3
S4
BANK NIFTY
13784
13345
12905
12751
12466
12311
12026
11586
11147
OUTLOOK Trend:- Bullish Resistance:- 12750 750, 12900 Support:- 12350,, 12180 Strategy:- Buy on dips BANK NIFTY WEEKLY
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. Capitalheight recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Capitalheight shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to Capitalheight might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in Commodity and equity market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above. Capitalheight does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.
www.capitalheight.com