x Weekly Newsletter-Equity 15 –JULY-2013
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 green; up 2.40%, 2.26% resp. this week. US Unemployment Rate at 360K and AU Home loans m/m 1.8%. Euro & U.S markets were green; while Asian markets were also green last week.
equity markets ended green on Friday; on this week the Sensex and Nifty
were in bullish trend. Major sector which were up like IT Index, Pharma Index, Banking Index and Top gainers are Infosys (up 14.17%), HCL Techn.(up 8.41%), Kotak Mahindra Bank (up 7.89%), Reliance Infra (up 7.05%), TCS (up 5.21%), Sun Pharma (up 7.04%), Sesa Goa (up 6.81%) Larsen & Tourbo(up 5.99%) & BHEL (up 5.34%) Technically Nifty may expected to up from this point or a short term range bound movement this week; Nifty this week may range 5800-6300.
On the economic front, the Index of Industrial Production (IIP) for the month of May 2013 as reported by the Central Statistics Office .The Index for the month of May 2013 stands at 167.6, which is 1.6% lower as compared to the level in the month of May 2012. The cumulative growth for the period April-May 2013-14 over the corresponding period of the previous year stands at 0.1%.
The government has drawn up a plan to remove bottlenecks holding back investment in manufacturing at the state level, a move aimed at revitalising the flagging sector by aligning statesâ€™ approach with the long-term strategy of the Centre. The rupee depreciation is likely to hurt the inflation fight and restrict the Reserve Bank from cutting its policy rates at the forthcoming monetary policy review by month end, says ratings agency Crisil.
MARKET PERFORMANCE NSE GAINERS COMPANY NAME
Dhanus Technology Ashco Niulab Inds
MMTC Zylog Systems
Volume in (‘000s)
Unitech JP Associate Reliance Power
20.25 52.40 76.80
20.55 54.20 74.65
-1.46 -3.32 2.88
26238.82 20379.63 15201.19
NSE LOSERS COMPANY NAME
VOLUME TOPPERS COMPANY NAME
SECTORIAL INDICES INDICES
INDIAN EQUITY MARKET INDICES
TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES NIFTY
OUTLOOK Trend:- CONSOLIDATE Resistance:- 6150, 6290 Support:- 5760, 5620 Strategy:- BUY ON DIPS
WEEKLY PIVOT SCRIPT BANK NIFTY
OUTLOOK Trend: - CONSOLIDATE Resistance: -12045, 12300 Support: - 11325, 11040 Strategy: - BUY ON DIPS BANK NIFTY WEEKLY
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.