Weekly ly Newsletter Newsletter-Equity 01-Oct Oct-2012
EQUITY ANALYSIS - WEEKLY WEEKL
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
MARKET WRAP Nifty and Sensex gains marginally; up 0.2% to 0.1% this week. U.S. Unemployment claims came at 359K; Pending home sales m/m at (-) 2.6%. U.S. & Euro market were red; Asian markets too were in losses this week.
Indian
equity indices managed to extend the current winning streak, belying
expectations of some softening, as FII inflows continued unabated. The Government too carried forward its reforms agenda by announcing relief package for the debt-ridden power sector; the rupee rose versus the US dollar to touch a five-month high, while the stock indices hit 16-month highs. Technically Nifty this week may consolidate although it is in bull run and may continue the bull run; Nifty this week may range 5530-5880.
India will borrow Rs 2 lakh crore through bonds in the second half of the current fiscal year, in line with the budget estimate this year. Government has stuck to its FY13 market borrowing programme for second half of the ongoing fiscal year and ruled out additional borrowings during the remainder of FY13. Economists are still skeptical that the Government will be able to meet its fiscal deficit forecast of 5.1% of GDP for FY13. Already, the Government's subsidy burden is running higher than budget estimates.
U.S markets closed its best third quarter since 2010 after a wave of central bank actions sparked a dramatic reversal in equity markets, but signs of weakness in the economy drove stocks lower , Traders expect October to give the markets a scare, starting with news on the economy and jobs in the week ahead. Japanese manufacturers released with the production data showed that companies expect output to
fall
2.9%
in
September
before
flattening
in
October.
MARKET PERFORMANCE NSE GAINERS COMPANY NAME
CURRENT
PREV. CLOSE(RS)
CANG.(RS)
CHAG.(%)
Pioneer Distilleries
38.70
27.10
11.60
42.80
Birla Corporation
282.45
210.25
72.20
34.34
ARSS Infra Project
60.00
45.15
14.85
32.89
Vardhman Polytex
82.20
62.30
19.90
31.94
Mukand Engineers
32.45
24.70
7.75
31.38
COMPANY NAME
CURRENT
PREV. CLOSE(RS)
CANG.(RS)
CHAG.(%)
Kilitch Drugs(India)
41.50
70.90
-29.40
-41.47
20 Microns
111.40
136.50
-25.10
-18.39
MTNL
32.35
38.05
-5.70
-14.98
Tulip Telecom
45.60
53.25
-7.65
-14.37
Pan India Corp.
0.30
0.35
-0.05
-14.29
COMPANY NAME
CURRENT
PREV. CLOSE(RS)
CHAG.(%)
Volume in (‘000s)
JP Associate
82.25
80.55
2.11
15926.45
Tata Motors
267.55
259.80
2.98
11540.21
Hindalco
120.70
116.50
3.61
10678.47
DLF
233.25
236.40
-1.33
9687.17
ITC
272.40
266.95
2.04
9445.97
NSE LOSERS
VOLUME TOPPERS
SECTORIAL INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
28-Sep-2012
20840.38
105.44
0.51
Jakarta Composite
Indonesia
28-Sep-2012
4262.56
17.94
0.42
Nikkei 225
Japan
28-Sep-2012
8870.16
-239.84
-2.63
KLSE Composite
Malaysia
28-Sep-2012
1636.66
12.96
0.80
Seoul Composite
South Korea
28-Sep-2012
1996.21
-6.16
-0.31
Strait Times
Singapore
28-Sep-2012
3060.34
-17.89
-0.58
FTSE 100
United Kingdom
28-Sep-2012
5742.07
-110.55
-1.89
Nasdaq
United States
28-Sep-2012
3116.23
-63.73
-2.00
DJIA
United States
28-Sep-2012
13437.13
-142.34
-1.05
S&P 500
United States
28-Sep-2012
1440.67
-19.48
-1.33
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY
5703.30
12.15
0.21
BANK NIFTY
11513.75
118.35
1.04
SENSEX
18762.74
9.91
0.05
TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES NIFTY
R4 5983
R3 5886
R2 5789
R1 5746
P 5692
OUTLOOK Trend: - Bullish Resistance: - 58800, 6080 Support: - 5530, 55320 Strategy: - Buy on Dips
NIFTY WEEKLY
S1 5649
S2 5595
S3 5498
S4 5401
BANK NIFTY WEEKLY PIVOT SCRIPT BANK NIFTY
R4 12299
R3 12026
R2 11753
R1 11633
P 11480
OUTLOOK Trend: - Bullish Resistance: - 117550, 12200 Support: - 11100,, 10700 Strategy: - Buy on dips BANK NIFTY WEEKLY
S1 11360
S2 11207
S3 10934
S4 10661
Disclaimer The information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making investment decision. The report does not provide individually tailor-made investment advice. TheEquicom recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. TheEquicom shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of NSE and BSE. The share price projections shown are not necessarily indicative of future price performance. The information herein, together with all estimates and forecasts, can change without notice. Analyst or any person related to TheEquicom might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in Commodity and equity market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above. TheEquicom does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken.