Weekly Newsletter-Equity 24-Dec-2012
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
MARKET WRAP Nifty and Sensex were closed red; lost 0.54%, 0.39% resp. this week. Existing Home Sales 5.04M and US Unemployment Claims at 361K. US & Euro markets were mixed; Asian markets too were also mixed last week.
Indian markets ended down on Friday due to profit booking, this week Sensex and Nifty were red, slipping marginally around by 0.5% each. Major sectors which were down like Realty, Oil & Gas. Top looser were HDIL (down 7.6%) Unitech (down 2.1%), Cairn India (down 3.9%).Technically Nifty may expected to drop from this point or a short term range bound movement this week; Nifty this week may range 6100-5630.
It's been an eventful week outside the market this week. The Reserve bank of India in its mid-quarter review of monetary policy kept policy rates unchanged on Tuesday. The cash reserve ratio of scheduled banks unchanged at 4.25 per cent of their net demand and time liabilities; and keep the policy repo rate under the liquidity adjustment facility unchanged at 8.0 per cent and the Bank Rate at 9.0 per cent. On the political front Narendra Modi has won the Gujarat assembly elections for the third time in a row.
The S&P 500 has positive this week’s on Thursday after a Republican proposal for averting the "fiscal cliff" failed to pass, dissipating hopes that a deal would be reached soon in Washington. The major indices showed this week a consolidate trend, with the Dow jones raised nearly by 1.07 percent, and the Nasdaq Composite Index gained 58.23 pts or 1.95 percent to end at 3050.39.The rupee has depreciated from 54.04 to 55.15. The Euro & GBP crosses with Indian rupee today has tested an all time high of 73.05 & 89.70 resp.IMF for an additional aid of 31.1bn euro’s with conditions attached.
MARKET PERFORMANCE NSE GAINERS COMPANY NAME
CURRENT
PREV. CLOSE(RS)
CANG.(RS)
CHAG.(%)
Polar Industries
6.20
3.30
2.90
87.88
Ganesh Housing Co.
122.45
82.55
39.90
48.33
TVS Electronics
20.75
15.70
5.05
32.17
Eurotex Inds.&Exp.
21.20
16.60
4.60
27.71
Sujana Universal
2.10
1.65
0.45
27.27
CURRENT
PREV. CLOSE(RS)
CANG.(RS)
CHAG.(%)
GTL Infrastructure
4.05
5.60
-1.55
-27.68
Taksheel Solutions
9.25
12.45
-3.20
-25.70
Assam Company In.
6.00
7.35
-1.35
-18.37
Bilpower
14.80
17.90
-3.10
-17.32
JIK Industries
3.15
3.80
-0.65
-17.11
CURRENT
PREV. CLOSE(RS)
CHAG.(%)
Volume in (‘000s)
Unitech
32.65
34.10
-4.25
5439.58
Suzlon Energy
18.25
18.60
-1.88
3326.81
HDIL
106.95
113.35
-5.65
3276.18
Reliance Power
91.70
96.00
-4.48
3191.41
Reliance Comm
72.55
74.45
-2.55
2146.66
NSE LOSERS COMPANY NAME
VOLUME TOPPERS COMPANY NAME
SECTORIAL INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
24-Dec-2012
22659.78
214.20
0.95
Jakarta Composite
Indonesia
24-Dec-2012
4254.82
-65.37
-1.51
Nikkei 225
Japan
24-Dec-2012
10039.33
296.60
3.04
KLSE Composite
Malaysia
24-Dec-2012
1658.85
6.10
0.37
Seoul Composite
South Korea
24-Dec-2012
1976.09
-26.68
-1.33
Strait Times
Singapore
24-Dec-2012
3163.56
-4.87
-0.15
FTSE 100
United Kingdom
24-Dec-2012
5958.30
28.70
0.48
Nasdaq
United States
24-Dec-2012
3050.39
58.23
1.95
DJIA
United States
24-Dec-2012
13311.72
141.00
1.07
S&P 500
United States
24-Dec-2012
1443.69
24.24
1.71
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY
5847.70
-31.90
-0.54
BANK NIFTY
12347.35
-182.65
-1.46
SENSEX
19242.00
-75.25
-0.39
TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES NIFTY
R4 6219
R3 6103
R2 5986
R1 5917
P 5870
OUTLOOK Trend: -Consolidate Resistance: - 6000, 6100 Support: -5730, 5630 Strategy: - Sell On High
NIFTY WEEKLY
S1 5801
S2 5754
S3 5638
S4 5521
BANK NIFTY WEEKLY PIVOT SCRIPT BANK NIFTY
R4 13516
R3 13146
R2 12776
R1 12562
P 12406
OUTLOOK Trend:- Consolidate Resistance: - 12850, 13320 Support: - 12000, 11600 Strategy: - Sell On High BANK NIFTY WEEKLY
S1 12192
S2 12036
S3 11666
S4 11296
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