Weekly ly Newsletter Newsletter-Equity 30 July2012 Ju
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 ended with significant losses this week down 2%. U.S. Unemployment claims came at 353K; New home sales m/m came at 350K. U.S. & Euro markets were almost flat while Asian markets were negative.
Indian
markets had another bad week amid a plethora of quarterly earnings, with
FMCG being the only sector that managed to close positive, even as concerns prevailed over the precarious state of the euro-zone and its negative fallout on the global economy. Sensex was down 1.9% and Nifty lost 2% over the week. Technically Nifty is drifting near its 200DMA & is in correction mode, it may range 4950-5250 this week with price action most of the time turning into indecision having support at lower levels.
India
is mainly facing lack of revival in southwest monsoon coupled with the
Government’s constant dithering over pending reforms also dampened the sentiment. The persistent weakness in the rupee and FII outflows added to the jitters. This week RBI policy review will be announced, central bank most probably won’t tinker with policy rates with inflation (both WPI and CPI) proving to be sticky. Weak monsoon, large twin deficits & depressed domestic fuel prices are other factors that will play on RBI’s minds.
European
Central Bank (ECB) will take necessary measures to protect the euro
common currency, President Mario Draghi said on Thursday. His comments sparked a global rally in risky assets amid expectations that the ECB will intervene in markets to rein in spiraling borrowing costs. Markets rallied across Europe and US after Draghi said central bank would do to take necessary steps to protect eurozone from collapse, raising hopes to ease strains for highly indebted member states like Spain and Italy.
MARKET PERFORMANCE NSE GAINERS COMPANY NAME
CURRENT
PREV. CLOSE(RS)
CANG.(RS)
CHAG.(%)
OMDC
41599.50
31251.50
10348.00
33.11
Ashapura Mine
20.10
15.85
4.25
26.81
The United Nilgiri
181.00
155.00
26.00
16.77
Geometric
83.75
72.10
11.65
16.16
MTNL
29.25
25.20
4.05
16.07
COMPANY NAME
CURRENT
PREV. CLOSE(RS)
CANG.(RS)
CHAG.(%)
Glodyne Tech
219.40
364.00
-144.60
-39.73
Gokul Refoils
49.65
81.40
-31.75
-39.00
Sumeet Inds
12.60
20.00
-7.40
-37.00
Amar Remedies
88.45
140.10
-51.65
-36.87
Parsvnath Dev
37.00
58.00
-21.00
-36.21
COMPANY NAME
CURRENT
PREV. CLOSE(RS)
CHAG.(%)
Volume in (‘000s)
Lanco Infratech
12.20
12.10
0.83
31280.05
Pipavav Defence
55.75
62.25
-10.44
30308.03
HDIL
75.70
73.10
3.56
23307.45
Reliance Comm
54.05
56.10
-3.65
15507.50
Parsvnath Dev
37.00
46.20
-19.91
14819.66
NSE LOSERS
VOLUME TOPPERS
SECTORIAL INDICES Indices
Country
Date
Index
Net Change
Change (%)
Hang Seng
Hong Kong
27-Jul-2012
19274.96
182.33
0.95
Jakarta Composite
Indonesia
27-Jul-2012
4084.21
64.54
1.61
Nikkei 225
Japan
27-Jul-2012
8566.64
-157.48
-1.81
KLSE Composite
Malaysia
27-Jul-2012
1624.94
-1.44
-0.09
Seoul Composite
South Korea
27-Jul-2012
1829.16
16.27
0.90
Strait Times
Singapore
27-Jul-2012
2998.49
2.93
0.10
FTSE 100
United Kingdom
27-Jul-2012
5627.21
-38.92
-0.69
Nasdaq
United States
27-Jul-2012
2958.09
49.62
1.71
DJIA
United States
27-Jul-2012
13075.66
298.57
2.34
S&P 500
United States
27-Jul-2012
1362.66
5.88
0.43
INDIAN EQUITY MARKET INDICES
VALUE
CHANGE
% CHANGE
NIFTY
5099.85
-105.25
-2.02
BANK NIFTY
10206.50
-303.45
-2.89
SENSEX
16839.19
-319.25
-1.86
TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES NIFTY
R4 5494
R3 5362
R2 5230
R1 5165
P 5098
OUTLOOK Trend: - Consolidate Resistance: - 52500, 5400 Support: - 4950, 44800 Strategy: - Sell on Highs
NIFTY WEEKLY
S1 5033
S2 4966
S3 4834
S4 4702
BANK NIFTY WEEKLY PIVOT SCRIPT BANK NIFTY
R4 11479
R3 11067
R2 10655
R1 10430
P 10243
OUTLOOK Trend: - Consolidate Resistance: - 1055 550, 10900 Support: - 10000,, 9700 Strategy: - Sell on Highs BANK NIFTY WEEKLY
S1 10018
S2 9831
S3 9419
S4 9007
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