Weekly Newsletter-Equity 24 -June-2013
EQUITY ANALYSIS - WEEKLY
Weekly Newsletter Contents Market Wrap Market Performance NSE Gainers NSE Losers Volume Toppers World Indices Indian Equity Market Technical Analysis Nifty Spot Bank Nifty Future
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MARKET WRAP Nifty and Sensex were closed red; down 1.63%, 1.37% prov. this week. US Existing Home Sales 5.18M and US Unemployment Rate at 354K. Euro Red & U.S markets were red; while Asian markets were also red last week.
Indian
equity markets ended flat on Friday; on this week the Sensex and Nifty
were in bearish trend. Major sector which were down like FMCG Index, banking Index, Realty Sector and Top looser are Birla Power (down 33.33%), Shree Ashtavinayak (down 29.41%), S Mobility (down 27.29%), Super Spinning (down 26.09%), Jai Balaji Inds. (down 24.17%), Aqua Logistics (down 23.08%), LT Foods (down 17.52%) & GTL (down 14.93%). Technically Nifty may expected to down from this point or a short term range bound movement this week.
Rupee started to trade in Indian exchanges from August 2008, at that time it was trading at Rs. 44.00 for every dollar. Soon after its launch we witnessed it 1st robust volatility and hit the first low of 52.50 to USD in March 2009. However in 2009 to 2011 rupee retraced to trade again in range of 43 to 46. In the month of august 2011 the dupe again started its downtrend and plunged to new low of 57.30 in June 2012. The huge deficit of close to 120mm is fulfilled through imports. Crude oil import in India now stands at close to 33% of the total imports.
The Reserve Bank of India in its latest policy review has kept policy rates unchanged in-line with expectations. RBI had no choice but to maintain status quo on account of the 9% depreciation in the rupee since the beginning of May. Our current Account deficit which was close to USD 193bn for FY13 is been funded by large FII and FDI inflows in Equity and bond market. If the global investor starts to lose the gain that they have made in the years time by the depreciation of rupee they may start to move out. On the other hand if we see India has huge exports of Textile, IT and Pharmaceuticals.
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MARKET PERFORMANCE
NSE GAINERS COMPANY NAME
CURRENT
PREV. CLOSE(RS)
CANG.(RS)
CHAG.(%)
Birla Power Solution Shree Ashtavinayak
0.20 1.10
0.15 0.85
0.05 0.25
33.33 29.41
S Mobility
38.95
30.60
8.35
27.29
Glodyne Technoserve
11.35
9.00
2.35
26.11
Super Spinning Mills
5.80
4.60
1.20
26.09
COMPANY NAME
CURRENT
PREV. CLOSE(RS)
CANG.(RS)
CHAG.(%)
JCT Electronics
0.25
0.40
-0.15
-37.50
Dhanus Technology
0.10
0.15
-0.05
-33.33
Tijaria Polypipe
3.95
5.40
-1.45
-26.85
Sujana Metal REI Six Ten Retail
0.75 1.25
1.00 1.65
-0.25 -0.40
-25.00 -24.24
NSE LOSERS
VOLUME TOPPERS CURRENT
PREV. CLOSE(RS)
CHAG.(%)
Volume in (‘000s)
Future Retail Unitech Reliance Comm
98.60 20.65 119.55
147.00 21.05 124.40
-32.93 -1.90 -3.90
45118.15 8092.82 33606.87
JP Associate
57.65
58.65
-1.71
15619.86
Jindal Steel & Power
204.45
221.95
-7.88
35675.24
COMPANY NAME
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SECTORIAL INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
21-Jun-13
20263.31
-1575.12
-7.21
Jakarta Composite
Indonesia
21-Jun-13
4515.37
-485.85
-9.71
Nikkei 225
Japan
21-Jun-13
13230.13
326.11
2.53
KLSE Composite
Malaysia
21-Jun-13
1755.85
-13.75
-0.78
Seoul Composite
South Korea
21-Jun-13
1822.83
-136.36
-6.96
Strait Times
Singapore
21-Jun-13
3124.45
-69.06
-2.16
FTSE 100
UK
21-Jun-13
6116.17
-219.93
-3.47
Nasdaq
US
21-Jun-13
3357.25
-66.80
-1.95
DJIA
US
21-Jun-13
14799.40
-241.22
-1.60
S&P 500
US
21-Jun-13
1588.19
-34.37
-2.12
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY
5,667.65
-213.35
-3.63
BANK NIFTY
11346.90
-880.45
-7.20
SENSEX
18,774.24
-654.99
-3.37
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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES NIFTY
R4 6456
R3 6209
R2 5962
R1 5814
P 5715
OUTLOOK Trend: - BEARISH Resistance: - 5820, 5965 Support: - 5500, 5350 Strategy: - SELL ON HIGH
NIFTY WEEKLY
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S1 5567
S2 5468
S3 5221
S4 4974
BANK NIFTY WEEKLY PIVOT SCRIPT BANK NIFTY
R4 13913
R3 13116
R2 12319
R1 11833
P 11522
OUTLOOK Trend: - BEARISH Resistance: - 11645, 12000 Support: - 11055, 10800 Strategy: - SELL ON HIGH BANK NIFTY WEEKLY
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S1 11036
S2 10725
S3 9928
S4 9131
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