Weekly Newsletter Newsletter-Equity 22/11/2010
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 market ends down for 2nd consecutive week, Nifty ends below 5900 at 5890 India’s food inflation eases to 10.30 vs.12.30% and fuel inflation down at 10.57%. Global markets ended mixed with Dow Jones & S&P ending with moderate gains.
Indian equity markets ended down for second consecutive week as Nifty sliced down 3% and shredded 181.35 pts to settle below the crucial level of 5900 to settle at 5890 while Sensex sliced down 571 pts to settle at 19585. Nifty touched the weekly low of 5863 while Sensex tested 19500. Bank nifty was worst hit as it plunged 3.59 and lost 450 pts to settle at 12086 after testing the crucial support of 12020. Bankex slipped down 3.40% while realty was worse hit, down 9.20%
India’s food price inflation eased for fifth consecutive week as it came down at 10.30% vs. 12.30% while fuel price inflation came down at 10.57% vs. 10.67% earlier. The headline WPI inflation was 8.58% which is expected to further ease down owing to new arrivals of crops, also, the prices of crucial elements of WPI like rice, milk, vegetables and pulses eased. The recent govt. data showed imports in Oct slipped to its lowest level in seven years as it came down by 6.8% at $27.7 Bn.
Global equity markets ended mixed post China’s long expected rate hike to control inflation. The major indices like DJIA ended with moderate gains adding 22 pts to settle at 11203.55 while S&P ended up at 1199.73. Though, US core CPI & industrial production came flat. Hangseng slipped to 23605, down 616 pts or 2.55%. In Euro zone, FTSE ended at 5732, down 64 pts while CAC ended at 3860 despite positive Zew economic sentiment, up at 13.8 & GBP CPI up at 3.2% vs. 3.1%.
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
MARKET PERFORMANCE NSE GAINERS Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Educomp Sah Petroleums Hindustan Dorr Amtek India Idea Cellular
604.90 26.95 135.55 65.25 73.90
508.95 23.85 125.95 61.00 69.55
95.95 3.10 9.60 4.25 4.35
18.85 13.00 7.62 6.97 6.25
Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Agro Dutch Ind TRF Hitachi Home Celebrity Fashions Shreyans Ind
16.75 578.35 227.95 24.80 32.00
27.40 860.90 313.15 34.00 43.75
-10.65 -282.55 -85.20 -9.20 -11.75
-38.87 -32.82 -27.21 -27.06 -26.86
NSE LOSERS
NIFTY - 5 DAYS UP Company Name
Current(Rs.)
Prev. Close (Rs.)
5 Days ago (Rs.)
5 Days Return (%)
Airtel Hero Honda L&T Power Grid GAIL
328.45 1944.50 2048.60 101.90 490.40
309.65 1833.80 2038.35 101.40 489.15
18.80 110.70 10.25 0.50 1.25
6.07 6.04 0.50 0.49 0.26
www.capitalheight.com
info@capitalheight.com Phone- (0731)4295950
WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
19-Nov-10
23,605.71
-616.87
-2.55
Jakarta Composite
Indonesia
19-Nov-10
3,725.05
59.20
1.61
Nikkei 225
Japan
19-Nov-10
10,022.39
297.58
3.06
Malaysia
19-Nov-10
1,506.05
6.24
0.42
Singapore
19-Nov-10
3,197.37
-54.63
-1.68
South Korea
19-Nov-10
1,940.96
27.84
1.46
FTSE 100
United Kingdom
20-Nov-10
5,732.83
-64.04
-1.10
Nasdaq
United States
20-Nov-10
2,518.12
-0.09
0.00
DJIA
United States
20-Nov-10
11,203.55
10.97
0.10
S&P 500
United States
20-Nov-10
1,199.73
0.52
0.04
KLSE Composite Straits Times Seoul Composite
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
5,890.30 12,086.70 19,585.44
-181.35 -450.40 -571.45
-2.99 -3.59 -2.84
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
6994
6714
6434
6253
6154
5973
5874
5594
5314
OUTLOOK Trend:- Consolidate Resistance:- 5975 5975, 6075 Support:- 5780, 5680 Strategy:- Sell on highs 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
14775
13955
13135
12611
12315
11791
11495
10675
9855
OUTLOOK Trend:- Consolidate Resistance:- 12350 12350, 12520 Support:- 11840,, 11700 Strategy:- Sell on highs 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