Weekly Newsletter Newsletter-Equity 04/07/2011
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Weekly Newsletter Contents Market Wrap Market Performance NSE Gainers NSE Losers NIFTY 5 Days Up Indian Equity Market Index Watch World Indices Technical Analysis Nifty Spot Bank Nifty Future
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MARKET WRAP Indian market ends up for second consecutive session, Nifty up 156 pts at 5627. Food inflation fell to 7.78% w/w & primary articles inflation came down to 11.84%. Global equity markets rallies 3- 4% on the back of crucial positive economic data.
Indian equity market ended up for second consecutive week and ended in green due to positive global markets cues and continuous flows of FII. Nifty added 156 pts to end above the crucial level of 5600 at 5627 while Sensex rallied 522 pts to settle at 18762. Bank nifty future was major gainer on index front adding 415 pts or 3.8% to settle at 11295. Nifty has stiff resistance at around 5700-5740 while it has support of 5540-5500.
India’s food price inflation fell to one and a half month low of 7.78% vs. 9.13% in the previous week due to decline in the prices of pulses while crucial primary articles inflation fell to 11.84% vs. 12.62% in the previous week. HSBC’s India’s Markit PMI June slides to nine month low of 55.3. India’s May exports came up by 56.9% y/y to 25.9 Billion while Imports for the fourth month rose to 54.10% to 40.91 Billion. Fitch cuts India’s FY12 GDP forecast to 7.70% vs. 8.30% earlier.
Global equity markets ended up with major indices rallying on the back of positive economic data. U.S unemployment claims came down by 1k at 428K while ISM manufacturing PMI came much better than expected, up at 55.3 vs. 51.9. DJIA added 5.4% to end at 12582 while Nasdaq surged more than 6% to end at 2816. In Euro zone, French CAC leaded the region gaining 5.95 to end at 4008 while DAX was up 4.1% at 7420 and FTSE was up 5.1% at 5990. Asian markets ended in green with Hangseng gaining most, up 5.8% while Jakarta Comp., Nikkei and KLSE ended up gaining 1.5% to 3%. www.capitalheight.com
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MARKET PERFORMANCE NSE GAINERS Company Name Deep Industries Polar Industries Peacock Inds Shilpi Cable Tech Shree Ashtavinayak
Current(Rs.)
Prev. Close (Rs.)
Change (%)
Change (Rs.)
79.40 5.95 3.75 18.05 5.15
55.20 4.20 2.80 14.05 4.05
43.84 41.67 33.93 28.47 27.16
24.20 1.75 0.95 4.00 1.10
Current(Rs.)
Prev. Close (Rs.)
Change (%)
Change (Rs.)
61.75 30.95 6.55 23.95 46.00
88.30 38.85 7.95 28.65 55.00
-30.07 -20.33 -17.61 -16.40 -16.36
-26.55 -7.90 -1.40 -4.70 -9.00
Current(Rs.)
Prev. Close (Rs.)
Change (%)
Change (Rs.)
135.05 187.00 582.45 110.25 170.10
124.15 172.85 540.90 103.65 160.50
8.78 8.19 7.68 6.37 5.98
10.90 14.15 41.55 6.60 9.60
NSE LOSERS Company Name Timbor Home Sanwaria Agro Oils Zenith Birla Refex Refrigerants Mudra Lifestyle
NIFTY - 5 DAYS UP Company Name IDFC Hindalco Rel. Capital Power Grid Ster.Ind
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INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
5627.20 11295.50 18762.80
155.95 414.70 522.12
2.85 3.81 2.86
Index Watch INDEX
24.06.2011
01.07.2011
W/W CHANGE
% RETURN
S&P CNX NIFTY
5471.25
5627.20
155.95
2.85
CNX NIFTY Jr.
10995.15
11291.75
296.60
2.70
CNX IT
6499.10
6674.75
175.65
2.70
BANK NIFTY
10854.50
11255.00
400.50
3.69
INDIA VIX
19.32
18.21
-1.11
-5.75
CNX 100
5389.35
5541.60
152.25
2.83
S&P CNX DEFTY
4218.05
4374.50
156.45
3.71
S&P CNX 500
4392.20
4522.05
129.85
2.96
CNX MIDCAP
7799.10
8026.10
227.00
2.91
NIFTY MIDCAP 50
2365.55
2427.15
61.60
2.60
CNX INFRA
3021.15
3109.80
88.65
2.93
CNX REALTY
265.80
275.20
9.40
3.54
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WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Asian Markets Hang Seng
Hong Kong
1-Jul-11
22398.10
1226.15
5.79
Jakarta Composite
Indonesia
1-Jul-11
3927.10
78.54
2.04
Nikkei 225
Japan
1-Jul-11
9868.07
189.36
1.96
KLSE Composite
Malaysia
1-Jul-11
1582.94
18.28
1.17
Straits Times
Singapore
1-Jul-11
3139.01
72.16
2.35
Seoul Composite
South Korea
1-Jul-11
2125.74
34.93
1.67
European Markets FTSE 100
United Kingdom
1-Jul-11
5989.76
292.04
5.13
CAC 40
France
1-Jul-11
4007.35
222.55
5.88
DAX
Germany
1-Jul-11
7419.44
298.06
4.19
U.S.A. Markets Nasdaq
United States
1-Jul-11
2816.03
163.14
6.15
DJIA
United States
1-Jul-11
12582.77
648.19
5.43
S&P 500
United States
1-Jul-11
1339.67
71.22
5.61
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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES
R4
R3
R2
R1
P
S1
S2
S3
S4
NIFTY
6404
6132
5861
5744
5589
5472
5318
5046
4774
OUTLOOK Trend: - Consolidate Resistance: - 5740 740, 5940 Support: - 5500, 5390 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
12762
12225
11688
11492
11121
10955
10614
10077
9540
OUTLOOK Trend: - Consolidate Resistance: - 11440 440, 11750 Support: - 11040,, 110850 Strategy: - Buy on dips BANK NIFTY WEEKLY
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