Weekly Newsletter-Equity 24/10/2011 ;
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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 with significant loss of more than 1.6% throughout the week. U.S Unemployment claims came at 403K v 401K; Core CPI m/m came at 0.1%. Global markets ended mixed with Asian losing 0-3% & US with (-) 1.1% to 1.4%.
Indian markets closed in negative territory this week with all sectoral indices closing in the red. Capital goods remained the worst performer during the week. Nifty and Sensex both lost more than 1.6%. In the coming week, overall markets may remain tepid, however, the euro summit, RBI policy meet, corporate results and F&O expiry will make trade a tad more volatile. Nifty is having an important resistance at 5170 breaking which may test the level of 5320-5400, while its support is at around 4920.
Food
inflation rose to double digit 10.60% for the week ended October 8
from 9.32% in the previous week, mainly due hike in the rate of price for some of the items on a week-on-week basis. Inflation in primary articles recorded at 11.18% compared to 10.60% in the previous week. Non-food articles, which include fibers, oil seeds and minerals, recorded 9.59% inflation less from 10.77% in the previous week. Fuel inflation rose 15.17% vs. 15.10% in the previous week.
Global stocks and the euro rallied as Euro zone leaders, who are struggling to cope with the region's deepening debt crisis, have reportedly scheduled a second meeting no later than Oct 26. European markets were mixed this week (-)1.4% to .4% with CAC worst while U.S markets were in between 1.4% to (-)1.2% with NASDAQ ending 1.4% down, DJIA up 1.4% & S&P 500 up 1.1%. Asian markets were mostly red this week with Hang Seng worst at 2.6% down followed by Jakarta losing 1.2% and Nikkei 0.8%.
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MARKET PERFORMANCE NSE GAINERS Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Pradip Overseas
87.65
65.85
21.80
33.11
Indiabulls Whole
4.85
3.70
1.15
31.08
Jaypee Infratech
63.90
50.50
13.40
26.53
Gallantt Metal
29.50
23.45
6.05
25.80
Cronimet AlloysIndia
158.90
127.75
31.15
24.38
Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Shriram Trans. Fin
606.00
993.91
-387.91
-39.03
Soma Textiles
4.35
6.00
-1.65
-27.50
Zenith Infotech
63.45
81.85
-18.40
-22.48
Hotel Rugby STL Global
4.75 2.95
6.05 3.75
-1.30 -0.80
-21.49 -21.33
NSE LOSERS
NIFTY - 5 DAYS UP Company Name
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
Bajaj Auto
1641.30
1613.55
27.75
1.72
Maruti Suzuki
1094.55
1077.45
17.10
1.59
Siemens
822.70
811.05
11.65
1.44
Hero Moto
2052.30
2030.05
22.25
1.10
BHEL
320.10
317.80
2.30
0.72
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INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
5049.95 9695.35 16785.64
-82.35 34.95 -297.05
-1.60 0.36 -1.74
Index Watch INDEX
14.10.2011
21.10.2011
W/W CHANGE
% RETURN
S&P CNX NIFTY
5132.30
5049.95
-82.35
-1.60
CNX NIFTY Jr.
9895.00
9682.65
-212.35
-2.15
CNX IT
6119.65
5948.45
-171.20
-2.80
BANK NIFTY
9660.40
9695.35
34.95
0.36
INDIA VIX
25.98
26.30
0.32
1.23
CNX 100
5021.25
4936.40
-84.85
-1.69
S&P CNX DEFTY
3625.50
3496.15
-129.35
-3.57
S&P CNX 500
4090.70
4024.65
-66.05
-1.61
CNX MIDCAP
7135.95
7008.05
-127.90
-1.79
NIFTY MIDCAP 50
2111.85
2064.25
-47.60
-2.25
CNX INFRA
2645.75
2554.25
-91.50
-3.46
CNX REALTY
247.10
240.15
-6.95
-2.81
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WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Asian Markets Hang Seng
Hong Kong
21-Oct-11
18025.72
-476.07
-2.57
Jakarta Composite
Indonesia
21-Oct-11
3620.66
-44.02
-1.20
Nikkei 225
Japan
21-Oct-11
8678.89
-69.07
-0.79
KLSE Composite
Malaysia
21-Oct-11
1438.83
-3.60
-0.25
Straits Times
Singapore
21-Oct-11
2712.41
-31.76
-1.16
Seoul Composite
South Korea
21-Oct-11
1838.38
2.98
0.16
European Markets FTSE 100
United Kingdom
21-Oct-11
5488.65
22.29
0.41
CAC 40
France
21-Oct-11
3171.34
-46.55
-1.45
DAX
Germany
21-Oct-11
5970.96
3.76
0.06
U.S.A. Markets Nasdaq
United States
21-Oct-11
2637.46
-30.39
-1.14
DJIA
United States
21-Oct-11
11808.79
164.30
1.41
S&P 500
United States
21-Oct-11
1238.25
13.67
1.12
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TECHNICAL VIEW WEEKLY PIVOT INDICES
R4
R3
R2
R1
P
S1
S2
S3
S4
NIFTY
5521
5372
5223
5136
5074
4987
4925
4776
4627
OUTLOOK Trend: - Consolidate Resistance: - 5200, 5400 Support: - 4850, 4700 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
11870
10474
10078
9882
9682
9486
9286
8890
8494
OUTLOOK Trend: - Consolidate Resistance: - 9900, 10200 Support: - 9300, 8950 Strategy: - Sell on High BANK NIFTY WEEKLY
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