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
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Published on Jul 15, 2013
Indian equity markets ended green on Friday; on this week the Sensex and Nifty were in bullish trend. Major sector which were up like IT I...