Weekly Newsletter Newsletter-Equity 20/06/2011
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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 down more than 2% on negative global cues & higher inflation data. May WPI inflation came up at 9.06%, RBI ups repo & reverse repo rate by 25 BPS Global equity markets ends mixed after last week’s sell-off, DAX ends 1.30% up.
Indian equity market ended down shredding more than 2% due to number of negative news coming into market, also, FII’s pullout. Nifty discounted factors like higher Inflation, Negative global cues and RBI’s monetary move to curb rising inflation. Nifty lost 120 pts to end below 5400 at 5366 while Sensex shredded nearly 400 pts to settle below 18K at 17871. Nifty has a crucial support at 5340 & 5310, which if broken, then we can see further downtrend of 2 – 3% while its upward resistance is at around 5540-5600.
RBI in its recent monetary policy review meet hiked the base rates by 25 BPS to curb rising inflation. Reverse repo rate is now at 6.5% and repo rate is up at 7.5% while CRR is unchanged at 6%. India’s crucial headline WPI inflation in the month of May came up at 9.06% vs. 8.66% in April. The price index of manufactured products for May rose 7.27 percent while food jumped 8.37 percent. In a recent IMF report, Indian economy is expected to grow at 8.2% vs. 10.40% growth witnessed in 2010.
Global equity markets ended mixed after last week sell off though Greek debt fears and global economic slowdown capped markets upside. DJIA added trivial 53 pts while Nasdaq sliced 27 pts as US industrial production m/m came down at 0.1% vs. 0.3% and TIC long term purchase down at 30.6B vs. 45.3B. In Euro zone, FTSE ended down 51 pts as Claimant count change came down up at 19.6K vs. 7.1K while CAC added trivial 19 pts and DAX added 94 pts or 1.3%. Asian markets ended down with Hangseng down 3.2% and Nikkei and Jakarta Comp. down 1.7% as well/ www.capitalheight.com
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MARKET PERFORMANCE NSE GAINERS Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (%)
Change (Rs.)
0.60 172.75 77.40 53.30 7.00
0.45 134.70 60.55 41.70 5.65
33.33 28.25 27.83 27.82 23.89
0.15 38.05 16.85 11.60 1.35
Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (%)
Change (Rs.)
SE Investments Tilaknagar Inds GTL Antarctica South.Ispat
10.90 36.10 338.30 0.25 9.20
15.55 45.60 409.25 0.30 11.00
-29.90 -20.83 -17.34 -16.67 -16.36
-4.65 -9.50 -70.95 -0.05 -1.80
Current(Rs.)
Prev. Close (Rs.)
Change (%)
Change (Rs.)
580.80 630.90 320.90 95.20 545.95
544.40 605.90 311.45 92.60 532.60
6.69 4.13 3.03 2.81 2.51
36.40 25.00 9.45 2.60 13.35
Resurgere Mines Shriram EPC Money Matters Fin Oswal Minerals Ashima
NSE LOSERS
NIFTY - 5 DAYS UP Company Name R Infra BPCL HUL R Com R Capital
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INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
5366.40 10622.60 17870.53
-119.40 -72.35 -398.01
-2.18 -0.68 -2.18
Index Watch INDEX
10.06.2011
17.06.2011
W/W CHANGE
% RETURN
S&P CNX NIFTY
5485.80
5366.40
-119.40
-2.18
CNX NIFTY Jr.
11278.45
11051.25
-227.20
-2.01
CNX IT
6653.45
6357.10
-296.35
-4.45
BANK NIFTY
10714.25
10598.25
-116.00
-1.08
INDIA VIX
18.54
20.27
1.73
9.33
CNX 100
5424.50
5307.95
-116.55
-2.15
S&P CNX DEFTY
4248.65
4141.00
-107.65
-2.53
S&P CNX 500
4442.80
4357.75
-85.05
-1.91
CNX MIDCAP
7992.05
7921.15
-70.90
-0.89
NIFTY MIDCAP 50
2476.10
2438.80
-37.30
-1.51
CNX INFRA
2987.20
2995.40
8.20
0.27
CNX REALTY
284.70
281.05
-3.65
-1.28
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WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Asian Markets Hang Seng
Hong Kong
17-Jun-11
21695.26
-725.11
-3.23
Jakarta Composite
Indonesia
17-Jun-11
3722.30
-65.35
-1.73
Nikkei 225
Japan
17-Jun-11
9351.40
-163.04
-1.71
KLSE Composite
Malaysia
17-Jun-11
1563.43
6.74
0.43
Straits Times
Singapore
17-Jun-11
3005.28
-73.07
-2.37
Seoul Composite
South Korea
17-Jun-11
2031.93
-14.74
-0.72
European Markets FTSE 100
United Kingdom
17-Jun-11
5714.94
-50.86
-0.88
CAC 40
France
17-Jun-11
3823.74
18.65
0.49
DAX
Germany
17-Jun-11
7164.05
94.15
1.33
U.S.A. Markets Nasdaq
United States
17-Jun-11
2616.48
-27.25
-1.03
DJIA
United States
17-Jun-11
12004.36
52.45
0.44
S&P 500
United States
17-Jun-11
1271.50
0.52
0.04
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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES
R4
R3
R2
R1
P
S1
S2
S3
S4
NIFTY
5909
5744
5579
5472
5414
5307
5249
5084
4919
OUTLOOK Trend: - Consolidate Resistance: - 5490 490, 5600 Support: - 5240,, 55190 Strategy: - Sell on high NIFTY WEEKLY
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BANK NIFTY WEEKLY PIVOT SCRIPT
R4
R3
R2
R1
P
S1
S2
S3
S4
BANK NIFTY
11606
11292
10980
10801
10668
10489
10356
10044
9732
OUTLOOK Trend: - Consolidate Resistance: - 10960 0960, 11280 Support: - 10330,, 110030 Strategy: - Sell on high BANK NIFTY WEEKLY
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