Weekly Newsletter Newsletter-Equity 16/05/2011
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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 mixed, Nifty holds 5500 level and Sensex ends at 18531.28. March IIP was above expectations at 7.3 vs. 3.7%, Mfg. prod. came down at 7.9% U.S markets ends down on concerns over fed’s easy money drive will soon end.
Indian
equity market ended mixed with Nifty holding the crucial level of 5500.
Nifty lost trivial 7 pts to end at 5545 while Sensex added 13 pts to settle at 18532. Nifty consolidated throughout the week between 5450 – 5600 as positive IIP data and easing food inflation weren’t able to give positive trigger for market. Nifty is likely to consolidate between the same until it breaks the resistance of 5640. Bank Nifty future lost 1% or 112 pts to end at 11033.
March IIP data came much better than expected beating street expectations; up at 7.3% vs. 3.7% m/m though IIP’s major constituent, manufacturing production growth was down at 7.9% vs. 16.4% y/y. India’s food price inflation eased down to 7.70% vs. 8.53% w/w while primary articles inflation was down at 11.96% vs. 12.11% w/w and fuel price inflation at 12.25% vs. 13.53%. With this, India’s headline inflation gauge, WPI is likely to stay below 9% which was 8.98% in March.
Global equity markets ended down with major indices of U.S and Europe in red as investors woke up to the fact that Fed’s easy money drive will come to end in near term and with U.S inflation at 2 ½ years peak could further dampen economic recovery. DJIA ended down 43 pts at 12596 despite positive prelim UoM consumer sentiment up at 72.4. European markets ended in red as EURO slides to 6 week low and Greece woes. FTSE ended down 51 pts at 5926, CAC down 40 pts at 4019 while DAX was hit worst, down 89 pts at 7404. www.capitalheight.com
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MARKET PERFORMANCE NSE GAINERS Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
2719.15 200.85 207.05 47.75 103.75
3.67 177.23 18.32 13.36 30.23
2044.20 153.95 166.25 38.95 85.15
33.02 30.46 24.54 22.59 21.84
Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Empee Sugars Kwality Dairy Nu Tek India Acropetal Tech TRF
37.15 108.55 6.35 27.85 429.45
77.39 464.58 177.02 224.95 10.60
54.35 148.05 8.35 35.85 548.00
-31.65 -26.68 -23.95 -22.32 -21.63
CMC Bharat Rasayan Genesys Intl Vaibhav Gems Renaissance Jewell
NSE LOSERS
NIFTY - 5 DAYS DOWN Company Name
Current(Rs.)
Prev. Close (Rs.)
5 Days ago (Rs.)
5 Days Return (%)
Ranbaxy HUL DLF Airtel ITC
490.15 306.65 232.95 367.75 189.00
916.21 1721.68 3902.41 6620.17 7017.59
430.15 275.90 219.50 350.95 183.60
13.95 11.15 6.13 4.79 2.94
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INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
5544.75 11032.75 18531.28
-6.70 -111.15 12.47
-0.12 -1.00 0.07
Index Watch INDEX
06.05.2011
13.05.2011
W/W CHANGE
% RETURN
S&P CNX NIFTY
5551.45
5544.75
-6.70
-0.12
CNX NIFTY Jr.
10993.70
11185.40
191.70
1.74
CNX IT
6627.00
6609.55
-17.45
-0.26
BANK NIFTY
11145.10
11020.95
-124.15
-1.11
INDIA VIX
20.97
20.63
-0.34
-1.62
CNX 100
5455.40
5465.45
10.05
0.18
S&P CNX DEFTY
4294.90
4280.25
-14.65
-0.34
S&P CNX 500
4460.45
4470.35
9.90
0.22
CNX MIDCAP
7965.40
8034.90
69.50
0.87
NIFTY MIDCAP 50
2459.05
2496.65
37.60
1.53
CNX INFRA
2903.80
2923.60
19.80
0.68
CNX REALTY
276.30
289.20
12.90
4.67
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WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Asian Markets Hang Seng
Hong Kong
13-May-11
23276.27
117.13
0.51
Jakarta Composite
Indonesia
13-May-11
3832.02
33.47
0.88
Nikkei 225
Japan
13-May-11
9648.77
-210.43
-2.13
KLSE Composite
Malaysia
13-May-11
1540.74
25.24
1.67
Straits Times
Singapore
13-May-11
3163.68
59.88
1.93
Seoul Composite
South Korea
13-May-11
2120.08
-27.37
-1.27
European Markets FTSE 100
United Kingdom
13-May-11
5925.87
-50.90
-0.85
CAC 40
France
13-May-11
4018.85
-39.16
-0.97
DAX
Germany
13-May-11
7403.31
-88.94
-1.19
U.S.A. Markets Nasdaq
United States
13-May-11
2828.47
0.91
0.03
DJIA
United States
13-May-11
12595.75
-42.99
-0.34
S&P 500
United States
13-May-11
1337.77
-2.43
-0.18
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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES
R4
R3
R2
R1
P
S1
S2
S3
S4
NIFTY
5939
5806
5673
5609
5540
5476
5407
5274
5141
OUTLOOK Trend: - Consolidate Resistance: - 56400, 5770 Support: - 5440,, 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
12312
11884
11456
11244
11028
10816
10600
10172
9744
OUTLOOK Trend: - Consolidate Resistance: - 11290 290, 11740 Support: - 10700,, 110440 Strategy: - Sell on highs BANK NIFTY WEEKLY
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