Weekly Newsletter Newsletter-Equity 09/05/2011
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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 markets ends down more than 3%, Nifty slips below 5600, down 198 pts. Food inflation eased to 8.53% while fuel price inflation is unchanged at 13.53%. Global markets ends down on global economic uncertainty, DJIA ends down 1.4%
Indian equity market ended down for second consecutive week on weak global cues and FII’s pull out funds as nifty slipped below crucial level of 5400 and tested a crucial support of 5440. Nifty shredded more than 3% or 198 points to settle at 5551.45 while Sensex sliced 617.15 pts to settle at 18518.81. Bank nifty future ended down 368 pts to end at 11144. In Frontline stocks, R-Comm, R-Cap, Axis, and IDFC sliced 16% - 20%.
RBI in its credit policy meet on 3rd May hiked the base rates to curb rising inflation by hiking reverse repo & repo rate by 50 BPS to 6.25% and 7.25% respectively while CRR is kept unchanged at 6%. India’s food price inflation eased down to 8.53% vs. 8.76% w/w while fuel price inflation was unchanged at 13.53% which is expected to hike as petrol & diesel prices are set to hike post assembly polls. India’s headline WPI inflation is expected to remain below 9% on easing of food price inflation.
Global
equity markets ended down on global economic uncertainty as Greece
economic woes and higher jobless claims in U.S hits investors’ sentiments. Jobless claims came up by 49K at 474K while ADP non-farm employment claims came at 179K vs. 200K. DJIA ended down 1.4% while Nasdaq slipped 1.6%. European markets ended down due to concerns over Greece leaving the Euro zone could cascade problems for Euro and weaker data like German factory orders down at (-) 4% vs. 1.9% and EUR retail sales down at (-) 1.0%. Asian markets ended down in red with Hangseng & Straits times hit worst, down 2.4%. www.capitalheight.com
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MARKET PERFORMANCE NSE GAINERS Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Man Industries Vaibhav Gems Carol Info Services Federal-Mogul Sri Adhikari Bros
98.40 38.65 168.30 271.85 70.05
83.00 32.75 143.75 242.60 64.05
15.40 5.90 24.55 29.25 6.00
18.55 18.02 17.08 12.06 9.37
Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Alembic Triveni Engineering Sanwaria Agro Atlanta Money Matters
21.10 39.95 78.95 74.50 53.25
71.40 101.20 130.23 120.15 77.70
-50.30 -61.25 -51.28 -45.65 -24.45
-70.45 -60.52 -39.38 -37.99 -31.47
NSE LOSERS
NIFTY - 5 DAYS DOWN Company Name
Current(Rs.)
Prev. Close (Rs.)
5 Days ago (Rs.)
5 Days Return (%)
Rcomm IDFC R Capital Axis Bank JP Associates
89.05 134.95 519.10 1209.85 84.45
112.25 163.05 625.80 1424.75 97.90
-23.20 -28.10 -106.70 -214.90 -13.45
-20.67 -17.23 -17.05 -15.08 -13.74
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INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
5551.45 11143.90 18518.81
-198.05 -367.85 -617.15
-3.44 -3.20 -3.23
Index Watch INDEX
29.04.2011
06.05.2011
W/W CHANGE
% RETURN
S&P CNX NIFTY
5749.50
5551.45
-198.05
-3.44
CNX NIFTY Jr.
11376.70
10993.70
-383.00
-3.37
CNX IT
6718.35
6627.00
-91.35
-1.36
BANK NIFTY
11483.75
11145.10
-338.65
-2.95
INDIA VIX
19.58
20.97
1.39
7.10
CNX 100
5649.25
5455.40
-193.85
-3.43
S&P CNX DEFTY
4497.40
4294.90
-202.50
-4.50
S&P CNX 500
4615.30
4460.45
-154.85
-3.36
CNX MIDCAP
8200.95
7965.40
-235.55
-2.87
NIFTY MIDCAP 50
2545.05
2459.05
-86.00
-3.38
CNX INFRA
3022.70
2903.80
-118.90
-3.93
CNX REALTY
289.30
276.30
-13.00
-4.49
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WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Asian Markets Hang Seng
Hong Kong
06-May-11
23159.14
-561.67
-2.37
Jakarta Composite
Indonesia
06-May-11
3798.55
-21.07
-0.55
Nikkei 225
Japan
06-May-11
9859.20
9.46
0.10
KLSE Composite
Malaysia
06-May-11
1515.50
-19.45
-1.27
Straits Times
Singapore
06-May-11
3103.80
-76.06
-2.39
Seoul Composite
South Korea
06-May-11
2147.45
-44.91
-2.05
European Markets FTSE 100
United Kingdom
06-May-11
5976.77
-93.13
-1.53
CAC 40
France
06-May-11
4058.01
-48.91
-1.19
DAX
Germany
06-May-11
7492.25
-22.21
-0.30
U.S.A. Markets Nasdaq
United States
06-May-11
2827.56
-45.98
-1.60
DJIA
United States
06-May-11
12638.74
-171.80
-1.34
S&P 500
United States
06-May-11
1340.20
-23.41
-1.72
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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES
R4
R3
R2
R1
P
S1
S2
S3
S4
NIFTY
6586
6254
5922
5737
5590
5405
5258
4926
4594
OUTLOOK Trend: - Consolidate Resistance: - 56900, 5770 Support: - 5410,, 55310 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
14265
13240
12215
11679
11190
10654
10165
9140
8115
OUTLOOK Trend: - Consolidate Resistance: - 11520 520, 11740 Support: - 10700,, 110260 Strategy: - Sell on highs BANK NIFTY WEEKLY
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