Weekly Newsletter Newsletter-Equity 13/09/2010
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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 Markets maintained uptrend, Nifty rallied up 160 pts & Sensex surged 578 pts. July IIP growth at 13.8% vs. 5.8 m/m & manufacturing sector up at 15% vs. 7.4%. DJIA & S&P posts seventh gains in eight sessions on good economic data.
Nifty hit the weekly high of 5647 & Sensex hit 18820 after two and a half years as Indian equity markets sustained the uptrend for 3rd week. Nifty gained 160 pts settling at 5640 & Sensex rallied 578 pts to settle at 18799. Bank nifty made a new all time high of 11409 to settle at 11388. ICICI bank is up 5.2% while SBI jumped 7.5%. Cement cos. stocks saw concrete gains as Ambuja & ACC gained 8-9%. In metals, Tata steel was up 10% and Hindalco rose 7% this week.
India’s
July Index for Industrial production output rose faster than expected, up at
13.80% on yearly basis while higher than previous month’s 7.1%. Manufacturing sector is up at 15% vs. 7.4% earlier while mining sector came at 9.7% vs. 8.7%. August food price inflation is up at 11.47% vs. 10.86% & fuel price index is unchanged at 12.71%. India’s vital monsoon rains were 26% above normal in the week to Sept 8 that may ease down food inflation.
US & European equity markets rallied this week lifting the global markets along on the back of a turnaround in economic recovery boosted by good economic numbers. DJIA & S&P closed the week with their seventh gain in eight sessions as DJIA settled at 10462 & S&P at 1109, though this rally was with lightest trading volumes of the year so far. The bull run was owed to lower unemployment claims at 451K vs. 470K and trade balance at (-)42.8B vs. (-)49.8B signaling the economic recovery. In euphoria, FTSE gained 73 pts to settle at 5501, up 1.35%. www.capitalheight.com
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MARKET PERFORMANCE NSE GAINERS Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Axis IT&T Parekh Aluminex Energy Development KRBL Manali Petrochem
134.70 499.15 58.90 36.95 15.45
84.35 315.65 40.60 25.55 10.75
50.35 183.50 18.30 11.40 4.70
59.69 58.13 45.07 44.62 43.72
Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Surana Telecom Ramsarup Ind Sakthi Finance Asian Hotels Sesa Goa
19.10 66.55 13.00 344.05 311.40
62.95 115.40 19.65 459.70 377.00
-43.85 -48.85 -6.65 -115.65 -65.60
-69.66 -42.33 -33.84 -25.16 -17.40
NSE LOSERS
NIFTY - 5 DAYS UP Company Name
Current(Rs.)
Prev. Close (Rs.)
5 Days ago (Rs.)
5 Days Return (%)
Tata Steel ACC Ambuja Idea SBI
593.65 980.90 136.50 76.75 2984.05
540.95 896.65 125.95 71.30 2773.40
52.70 84.25 10.55 5.45 210.65
9.74 9.40 8.38 7.64 7.60
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WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
10-Sep-10
21,257.39
285.89
1.36
Jakarta Composite
Indonesia
7-Sep-10
3,230.89
66.61
2.11
Nikkei 225
Japan
10-Sep-10
9,239.17
125.04
1.37
Malaysia
9-Sep-10
1,437.78
2.11
0.15
Singapore
9-Sep-10
3,022.28
19.72
0.66
South Korea
10-Sep-10
1,802.58
22.56
1.27
FTSE 100
United Kingdom
10-Sep-10
5,501.64
73.49
1.35
Nasdaq
United States
11-Sep-10
2,242.48
8.73
0.39
DJIA
United States
11-Sep-10
10,462.77
14.84
0.14
S&P 500
United States
11-Sep-10
1,109.55
5.04
0.46
KLSE Composite Straits Times Seoul Composite
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
5,640.05 11,388.20 18,799.66
160.65 410.50 578.23
2.93 3.74 3.17
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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES
R4
R3
R2
R1
P
S1
S2
S3
S4
NIFTY
6093
5925
5757
5698
5589
5531
5421
5253
5085
OUTLOOK Trend:- Bullish Resistance:- 5680 80, 5770 Support:- 5550,, 55475 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
12478
12075
11671
11530
11268
11126
10864
10460
10057
OUTLOOK Trend:- Bullish Resistance:- 11530 11530, 11670 Support:- 11240,, 11000 Strategy:- Buy on dips BANK NIFTY WEEKLY
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