Weekly ly Newsletter Newsletter-Equity 10-Sep Sep-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 both gain significantly; up 0.8% -1.6% this week. U.S. Unemployment claims came at 365K; Unemployment rate at 8.1%. U.S. & Euro markets have been green; Asian markets were mixed.
Indian stock indices gained 1.5% during the week, mainly due to a powerful rally on Friday, after the ECB President delivered on the promise made by him recently in its fight against the three-year-old debt turmoil. It may be recalled that Indian indices had snapped a four-week winning streak last Friday on worries that policy paralysis will continue to be a major headwind for the Indian economy and markets. Technically Nifty is having support at lower levels, Nifty may range 5150-5500 this week.
India's government said it has not taken any call on hiking the fuel prices, including petrol, as has been reported in some section of the press in the past couple of days. Next week will be an important one again, as markets will react to the latest IIP and WPI inflation numbers. Globally, the key event to keep on one’s radar will be the two-day FOMC policy meeting. ECB President Draghi has kept its promise on monetary stimulus.
European Central Bank's pledge to buy the debt of troubled eurozone countries this week the Fed is widely expected to introduce new stimulus measure in the form of more bond buying (positive vibrations generated by the ECB monetary stimulus and the impending QE3 from the Federal Reserve) when it closes its two-day meeting on Thursday. While the strong global liquidity has lifted the main indices of late, China's passenger vehicle sales continued to recover third-highest yoy growth in 20 months.
MARKET PERFORMANCE NSE GAINERS COMPANY NAME
CURRENT
PREV. CLOSE(RS)
CANG.(RS)
CHAG.(%)
Classic Diamonds (I)
5.55
3.70
1.85
50.00
Vadilal Industries
249.00
176.80
72.20
40.84
Rama Newsprint
12.70
9.05
3.65
40.33
Gyscoal Alloys
15.10
11.15
3.95
35.43
Mangalam Timber
27.95
20.70
7.25
35.02
COMPANY NAME
CURRENT
PREV. CLOSE(RS)
CANG.(RS)
CHAG.(%)
Antarctica
0.15
0.25
-0.10
-40.00
Kavveri Telecom
169.35
221.65
-52.30
-23.60
Kemrock Inds
89.35
115.40
-26.05
-22.57
Amar Remedies
43.40
56.00
-12.60
-22.50
BIL Energy Systems
59.60
74.00
-14.40
-19.46
COMPANY NAME
CURRENT
PREV. CLOSE(RS)
CHAG.(%)
Volume in (‘000s)
Cals Refineries
0.16
0.15
6.67
11290.54
Transgene Biotek
10.36
10.26
0.97
7107.85
Jain Irrigation Sys
59.90
61.10
-1.96
3125.66
Kingfisher Airlines
9.11
9.19
-0.87
2978.24
HDIL
71.50
68.80
3.92
2942.13
NSE LOSERS
VOLUME TOPPERS
SECTORIAL INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
7-Sep-2012
19802.16
319.59
1.64
Jakarta Composite
Indonesia
7-Sep-2012
4143.68
83.35
2.05
Nikkei 225
Japan
7-Sep-2012
8871.65
31.74
0.36
KLSE Composite
Malaysia
7-Sep-2012
1624.55
-21.56
-1.31
Seoul Composite
South Korea
7-Sep-2012
1929.58
24.46
1.28
Strait Times
Singapore
7-Sep-2012
3011.70
-13.76
-0.45
FTSE 100
United Kingdom
7-Sep-2012
5794.80
83.32
1.46
Nasdaq
United States
7-Sep-2012
3136.42
69.46
2.26
DJIA
United States
7-Sep-2012
13306.64
215.80
1.65
S&P 500
United States
7-Sep-2012
1437.92
31.34
2.23
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY
5342.10
83.60
1.59
BANK NIFTY
10139.85
69.15
0.69
SENSEX
17683.73
142.09
0.81
TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES NIFTY
R4 5697
R3 5565
R2 5433
R1 5388
P 5301
OUTLOOK Trend: - Consolidate Resistance: - 55000, 5650 Support: - 5150, 4900 Strategy: - Buy on Dips
NIFTY WEEKLY
S1 5256
S2 5169
S3 5037
S4 4905
BANK NIFTY WEEKLY PIVOT SCRIPT BANK NIFTY
R4 10894
R3 10616
R2 10338
R1 10238
P 10060
OUTLOOK Trend: - Consolidate Resistance: - 105000, 10820 Support: - 9800, 99470 Strategy: - Sell on High BANK NIFTY WEEKLY
S1 9960
S2 9782
S3 9504
S4 9226
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