Weekly Newsletter Newsletter-Equity 30/05/2011
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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 market ends flat, Nifty holds 5400 while Sensex edges above 18K level. Tata motors Q4FY11 consolidated net profit came at Rs. 9274 cr. vs. Rs. 2571 cr. Global equity markets ends down on Euro debt worries & weaker economic data.
Indian equity market ended flat as Nifty managed to hold 5400 level and ended down with trivial loss of 10 pts at 5476.10 while Sensex managed to end above 18K at 18266.10. Indian markets recovered on the first day of June series contracts while Nifty took support of its long standing support trendline drawn from troughs of June 2006 and its
neckline
while
it
is
still
in
its
uptrend
channel
on
weekly
Chart.
Bank Nifty future shredded trivial 28 pts to end the week at 10638.55
In
quarterly results, Tata motors Q4 consolidated net profit came at Rs. 9274 Cr.
vs. 2571 Cr., its JLR EBITDA margins declined by 160BPS q/q to 15.8%. On standalone basis, its margins were below expectations at 8.8% while its volumes jumped by 27% q/q. India’s food inflation on weekly basis rose to 8.55% vs. 7.47% a week earlier while primary articles category saw inflation at 11.60%. In a survey by RBI, India’s GDP growth in FY12 is seen at 8.2% instead of 8.5% expected earlier.
Global
equity markets ended down due to weaker cues and negative sentiments
amongst investors. Europe debt fears and a number of weaker economic data pulled global equity markets down. In Euro zone, DAX & CAC ended down more than 1% while DJIA ended down with a loss of 70 pts and Nasdaq shredded 7 pts. U.S consumer spending came down at 0.4% vs. 0.6% while unemployment claims came higher at 424K vs. 403K. In Asian markets, Straits times and Jakarta Composite shredded more than 1% while Nikkei lost 85 pts & Hangseng shredded 82 pts. www.capitalheight.com
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MARKET PERFORMANCE NSE GAINERS Company Name Winsome Yarns Aanjaneya Lifecare Oswal Chem TeleDaTec Manjeera Constrn.
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
4.45 311.10 93.20 0.40 115.50
0.90 29063.47 4459.15 713.89 0.00
2.40 234.00 80.05 0.35 103.00
85.42 32.95 16.43 14.29 12.14
Current(Rs.)
Prev. Close (Rs.)
Change (Rs.)
Change (%)
81.25 50.65 4.95 22.35 113.75
457.91 702.58 5.59 5.50 8.02
90.25 55.50 5.40 24.35 123.60
-9.97 -8.74 -8.33 -8.21 -7.97
NSE LOSERS Company Name Sabero Organics Tilaknagar Ind Software Tech Global Vectra Compuage Infocom
NIFTY - 5 DAYS UP Company Name
Current(Rs.)
Prev. Close (Rs.)
5 Days ago (Rs.)
5 Days Return (%)
Kotak Bank PNB Ambuja ONGC Hindalco
438.10 1076.50 135.90 282.95 197.55
573.56 224.91 1463.69 10306.31 5082.65
416.95 1033.55 130.95 273.95 192.10
5.07 4.16 3.78 3.29 2.84
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INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY BANK NIFTY SENSEX
5476.10 10638.55 18266.10
-10.25 -27.70 -59.99
-0.19 -0.26 -0.33
Index Watch INDEX
20.05.2011
27.05.2011
W/W CHANGE
% RETURN
S&P CNX NIFTY
5486.35
5476.10
-10.25
-0.19
CNX NIFTY Jr.
11001.10
11149.05
147.95
1.34
CNX IT
6615.40
6507.60
-107.80
-1.63
BANK NIFTY
10664.10
10722.65
58.55
0.55
INDIA VIX
19.45
17.25
-2.20
-11.31
CNX 100
5402.45
5406.05
3.60
0.07
S&P CNX DEFTY
4229.20
4197.50
-31.70
-0.75
S&P CNX 500
4411.90
4409.80
-2.10
-0.05
CNX MIDCAP
7873.15
7875.35
2.20
0.03
NIFTY MIDCAP 50
2442.05
2449.60
7.55
0.31
CNX INFRA
2967.60
2928.40
-39.20
-1.32
CNX REALTY
275.65
274.95
-0.70
-0.25
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WORLD INDICES Indices
Country
Date
Index
Net Change
Change (%)
Asian Markets Hang Seng
Hong Kong
27-May-11
23118.07
-81.32
-0.35
Jakarta Composite
Indonesia
27-May-11
3832.38
-40.57
-1.04
Nikkei 225
Japan
27-May-11
9521.94
-85.14
-0.88
KLSE Composite
Malaysia
27-May-11
1548.69
7.66
0.49
Straits Times
Singapore
27-May-11
3135.52
-33.02
-1.04
Seoul Composite
South Korea
27-May-11
2100.24
-11.26
-0.53
European Markets FTSE 100
United Kingdom
27-May-11
5938.87
-9.62
-0.16
CAC 40
France
27-May-11
3950.58
-40.27
-1.01
DAX
Germany
27-May-11
7163.47
-103.35
-1.42
U.S.A. Markets Nasdaq
United States
27-May-11
2796.86
-6.46
-0.23
DJIA
United States
27-May-11
12441.58
-70.46
-0.56
S&P 500
United States
27-May-11
1331.3
-1.97
-0.15
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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES
R4
R3
R2
R1
P
S1
S2
S3
S4
NIFTY
5901
5744
5587
5531
5430
5374
5273
5116
4959
OUTLOOK Trend: - Consolidate Resistance: - 5590 590, 5700 Support: - 5380,, 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
11533
11203
10873
10755
10543
10425
10213
9883
9553
OUTLOOK Trend: - Consolidate Resistance: - 10960 0960, 11280 Support: - 10330,, 110030 Strategy: - Sell on high BANK NIFTY WEEKLY
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