Weekly ly Newsletter Newsletter-Equity 08-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 moderately; up 1% each this week. U.S. Unemployment claims came at 367K; Unemployment rate 7.8%. U.S. & Euro market were green; Most Asian markets too made gains this week.
Indian Government’s reforms drive has been powering the rally in Indian shares for the past few sessions. The same story was repeated this week as well, with the BSE Sensex crossing 19,000 and the NSE Nifty surpassing 5,800. US presidential election, leadership change in China and Gujarat election are the other important events to keep on one’s radar in the coming weeks and months. Technically Nifty is expected to remain consolidate or may continue the bull run; Nifty this week may range 5600-5880.
India cabinet approved bills for foreign investment in insurance and pensions. Under the bills cleared by the cabinet, the cap on foreign money in insurance companies would rise to 49 percent, and not give details of the pension bill. Corporate earnings and management commentary will be keenly analyzed for clues on meaningful improvement in business sentiment. In terms of data points, watch out for the latest IIP and inflation numbers apart from the Government’s policy action(s).
The IMF will lower its forecast for global economic growth to 3.3% this year and 3.6% in
2013,
from
earlier
projections
of
3.4%
and
3.9%,
respectively
The IMF expects the eurozone economy to shrink by 0.4% this year before recovering to a 0.2% growth in 2013, China's GDP growth for 2013 has been pegged at 8.2%, versus a previous forecast of 8.4%, while India's GDP growth is seen at 6% as opposed to a previous forecast of 6.6%. Brazil's growth has been projected at 4% versus 4.7%
MARKET PERFORMANCE NSE GAINERS COMPANY NAME
CURRENT
PREV. CLOSE(RS)
CANG.(RS)
CHAG.(%)
Antarctica
0.25
0.20
0.05
25.00
Teledata Tech Soln.
0.25
0.20
0.05
25.00
Essar Oil
60.65
52.50
8.15
15.52
Paras Petrofils
0.40
0.35
0.05
14.29
Inox Leisure
78.50
70.00
8.50
12.14
COMPANY NAME
CURRENT
PREV. CLOSE(RS)
CANG.(RS)
CHAG.(%)
FCS Software Soltns.
0.35
0.40
-0.05
-12.50
Raj Oil Mills EmkayGlobal Finl.Ser Cura Technologies
7.20
8.10
-0.90
-11.11
31.05
34.50
-3.45
-10.00
35.00
38.80
-3.80
-9.79
Dhanus Technology
1.85
2.05
-0.20
-9.76
COMPANY NAME
CURRENT
PREV. CLOSE(RS)
CHAG.(%)
Volume in (‘000s)
HDFC
749.95
789.05
-4.96
59757.41
Lanco Infratech
15.90
15.70
1.27
52792.51
IVRCL Ltd.
44.80
47.70
-6.08
37891.01
HDIL
108.55
106.80
1.64
36430.53
Unitech
25.55
25.85
-1.16
30613.49
NSE LOSERS
VOLUME TOPPERS
SECTORIAL INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
5-Oct-2012
21012.38
172.00
0.83
Jakarta Composite
Indonesia
5-Oct-2012
4311.31
48.75
1.14
Nikkei 225
Japan
5-Oct-2012
8863.30
-6.86
-0.08
KLSE Composite
Malaysia
5-Oct-2012
1660.23
23.57
1.44
Seoul Composite
South Korea
5-Oct-2012
1995.17
-1.04
-0.05
Strait Times
Singapore
5-Oct-2012
3107.87
47.53
1.55
FTSE 100
United Kingdom
5-Oct-2012
5871.02
128.95
2.25
Nasdaq
United States
5-Oct-2012
3136.19
19.96
0.64
DJIA
United States
5-Oct-2012
13610.15
173.02
1.29
S&P 500
United States
5-Oct-2012
1460.93
20.26
1.41
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY
5746.95
55.80
0.98
BANK NIFTY
11575.75
180.35
1.58
SENSEX
18938.36
185.53
0.99
TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES NIFTY
R4 8264
R3 7337
R2 6410
R1 6078
P 5483
OUTLOOK Trend: - Bullish Resistance: - 58800, 6080 Support: - 5600, 55400 Strategy: - Buy on Dips
NIFTY WEEKLY
S1 5151
S2 4556
S3 3629
S4 2702
BANK NIFTY WEEKLY PIVOT SCRIPT BANK NIFTY
R4 12772
R3 12380
R2 11988
R1 11782
P 11596
OUTLOOK Trend: - Bullish Resistance: - 117550, 12200 Support: - 11100,, 10700 Strategy: - Buy on dips BANK NIFTY WEEKLY
S1 11390
S2 11204
S3 10812
S4 10420
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