Weekly Newsletter Newsletter-Equity 29/11/2010
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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 Indian market ends down for third consecutive week, Nifty ended down 138 pts. LIC housing scam involving various banks puts further sell off pressure in market. Global markets ended down with DJIA down 111 pts due to European debt woes.
Indian equity markets ended down for third consecutive week due to global sell off on Euro-debt woes, monetary tightening in China, Korean fears and recent LIC housing scam exposed left the market in red. Nifty slipped below 5700 and touched weekly low of 5690 while Sensex touched 18950. Nifty ended at 5751 & Sensex shut shop at 19136. Bank Nifty lost 368 pts or down 3% ending the week at 11718. 14 days RSI of Nifty is down at 51.84 vs. 56.65 earlier while Support for Nifty is at 5640 & 5540.
India’s food price inflation till year came down at 10.15% vs. 10.30% (y/y) while the Fuel price inflation was unchanged at 10.57%. Though, primary articles index came up at 13.38% vs. 13.30% (w/w). Oct refinery output came down at 4.8% (y/y), down for third straight month. Housing finance scam unearthed by CBI includes giant cos. like LIC, BOI and PNB that has exposure in realty sector worth `388 Cr. In coming weeks, crucial trigger for the market will be the July-Sept GDP data and closely watched IIP data.
Global equity markets ended down due to global economic instability on concerns over European debt worries, Korean fears and monetary tightening in China. DJIA sustained the 11k mark but ended down 111 pts or 1% at 11092 and S&P was down 10.8 pts, below 1200 at 1189. European markets ended lower with FTSE down 64 pts at 5668 & DAX ended at 6848. Asian markets ended mixed as Hangseng was down 3% while Nikkei ended up 17 pts due to bargain hunting as Dollar’s recent recovery against the Japanese Yen. www.capitalheight.com
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MARKET PERFORMANCE NSE GAINERS Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Murli Industries Sangam India EL Forge Crew B.O.S. Kanoria Chemicals
110.75 57.30 25.70 175.70 34.95
77.50 46.00 21.85 155.60 31.25
33.25 11.30 3.85 20.10 3.70
42.90 24.57 17.62 12.92 11.84
Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Agro Dutch Orbit Corporation TRF Cons. Finvest Hitachi Home
16.00 80.60 573.50 91.00 220.20
28.15 122.00 860.35 135.30 322.40
-12.15 -41.40 -286.85 -44.30 -102.20
-43.16 -33.93 -33.34 -32.74 -31.70
NSE LOSERS
NIFTY - 5 DAYS UP Company Name
Current(Rs.)
Prev. Close (Rs.)
5 Days ago (Rs.)
5 Days Return (%)
HCL Tech Bajaj Auto TCS Infosys Wipro
392.00 1613.25 1047.25 3042.05 407.50
385.75 1633.75 1021.80 3064.35 406.25
377.00 1562.45 1015.40 2963.80 400.85
3.98 3.25 3.14 2.64 1.66
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WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
26-Nov-10
22877.25
-728.46
-3.09
Jakarta Composite
Indonesia
26-Nov-10
3642.50
-82.55
-2.22
Nikkei 225
Japan
26-Nov-10
10039.56
17.17
0.17
Malaysia
26-Nov-10
1492.05
-14.00
-0.93
Singapore
26-Nov-10
3159.37
-38.00
-1.19
South Korea
26-Nov-10
1901.80
-39.16
-2.02
FTSE 100
United Kingdom
26-Nov-10
5668.70
-64.13
-1.12
Nasdaq
United States
27-Nov-10
2534.56
16.44
0.65
DJIA
United States
27-Nov-10
11092.00
-111.55
-1.00
S&P 500
United States
27-Nov-10
1189.40
-10.33
-0.86
KLSE Composite Straits Times Seoul Composite
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
5751.95 11718.00 19136.61
-138.35 -368.70 -448.83
-2.35 -3.05 -2.29
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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES
R4
R3
R2
R1
P
S1
S2
S3
S4
NIFTY
6810
6480
6150
5951
5820
5621
5490
5160
4830
OUTLOOK Trend:- Consolidate Resistance:- 5910 10, 6040 Support:- 5625, 55540 Strategy:- Sell on highs NIFTY WEEKLY
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BANK NIFTY WEEKLY PIVOT SCRIPT
R4
R3
R2
R1
P
S1
S2
S3
S4
BANK NIFTY
14903
13893
12883
12307
11873
11297
10863
9853
8843
OUTLOOK Trend:- Consolidate Resistance:- 1202 020, 12420 Support:- 11440, 11110 Strategy:- Sell on highs BANK NIFTY WEEKLY
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