Weekly Newsletter Newsletter-Equity 17/01/2011
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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 slaughtered for second consecutive week, Nifty slips below 5700. Dec WPI inflation came up at 8.43 vs. 7.48%, food price inflation up at 16.91%. Global markets ends up; Asian markets down post China’s monetary tightening.
Indian equity market ended down in red for second consecutive week despite positive global cues as investor’s jitters over weaker IIP data, rising inflation and RBI’s expected monetary tightening. Nifty slipped below 5700 and tanked 250 pts to end at 5654.55 while Sensex shredded 831 pts to end below 19k at 18860.44. Bank nifty future was worst hit; shredding 610 pts or 5.52% to end below 10k at 10439.55. Nifty junior, CNX midcap, Metals and Realty space were down 3% - 7%.
India’s Dec WPI inflation came up at 8.43% vs. 7.48% m/m while Food price inflation accelerated to 16.91% y/y and fuel price inflation jumped to 11.53%. Nov IIP data came down at 2.7% vs. 11.3% m/m, at its 18 month low while consumer goods saw a degrowth of (-) 3.1 vs. 10.1% y/y. It is expected to see a rate hike in RBI’s monetary review meet on Jan 25. In quarterly results, IT space bellwether, Infosys posted its Q3 results which lagged estimates, up just 2.5% at Rs. 1780 Cr. vs. Rs. 1737 Cr.
Global equity markets ended in green post stronger quarterly earnings of JP Morgan and steady rise in U.S retail sales while CPI was unchanged signaling modest recovery on the track with little price pressures. Dow Jones ended up 112 pts at 11787 while S&P rose 1.7% or 21.7 pts to end at 1294. Euro zone edged up with CAC up 3% or 117.7 pts at 3984, DAX up 1.84% or 127 pts at 7075.7 while FTSE gained 17 pts to end at 6002. Asian markets ended down post China’s monetary tightening raising bank reserve rates to tighten credit in the economy. www.capitalheight.com
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MARKET PERFORMANCE NSE GAINERS Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Tata Coffee TCI Finance PVP Ventures Tamil Nadu Petro Harrisons Malayalam
557.50 72.50 13.90 19.70 89.25
457.10 59.55 12.05 17.15 77.95
100.40 12.95 1.85 2.55 11.30
21.96 21.75 15.35 14.87 14.50
Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Spectacle Infotek Jupiter Bioscience Money Matters PTL Enterprises Murli Industries
24.55 33.90 103.20 23.70 46.45
71.25 61.55 177.25 33.20 63.30
-46.70 -27.65 -74.05 -9.50 -16.85
-65.54 -44.92 -41.78 -28.61 -26.62
NSE LOSERS
NIFTY - 5 DAYS UP Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
5 Days Return (%)
Suzlon Energy Bharti Airtel HCL Tech Sterlite Ind ACC
52.35 343.75 470.60 177.40 1003.90
52.70 346.65 464.75 183.10 1038.10
51.05 338.50 465.25 176.15 1002.30
2.55 1.55 1.15 0.71 0.16
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WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
14-Jan-11
24,283.23
596.60
2.52
Jakarta Composite
Indonesia
14-Jan-11
3,569.14
-62.31
-1.72
Nikkei 225
Japan
14-Jan-11
10,499.04
-42.00
-0.40
KLSE Comp.
Malaysia
14-Jan-11
1,569.89
-2.32
-0.15
Straits Times
Singapore
14-Jan-11
3,245.96
-15.39
-0.47
Seoul Comp.
South Korea
14-Jan-11
2,108.17
21.97
1.05
FTSE 100
United Kingdom
14-Jan-11
6,002.07
17.74
0.30
CAC 40
France
14-Jan-11
3983.28
117.70
3.04
DAX
Germany
14-Jan-11
7075.70
127.86
1.84
Nasdaq
United States
15-Jan-11
2,755.30
52.13
1.93
DJIA
United States
15-Jan-11
11,787.38
112.62
0.96
S&P 500
United States
15-Jan-11
1,293.24
21.74
1.71
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
5,654.55 10,439.55 18,860.44
-250.05 -610.45 -831.37
-4.23 -5.52 -4.22
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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDEX
R4
R3
R2
R1
P
S1
S2
S3
S4
NIFTY
6535
6268
6001
5827
5734
5560
5467
5200
4933
OUTLOOK Trend:- Bearish 5790, 5910 Resistance:- 5790 Support:- 5550, 55360 Strategy:- Sell on highs NIFTY WEEKLY
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BANK NIFTY WEEKLY PIVOT INDEX
R4
BANK NIFTY 12507
R3
R2
R1
P
S1
S2
S3
S4
11954
11401
11064
10848
10511
10295
9742
9189
OUTLOOK Trend:- Bearish Resistance:- 110220, 11250 Support:- 10300,, 110075 Strategy:- Sell on highs BANK NIFTY WEEKLY
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