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Weekly Newsletter-Equity 24 -June-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

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MARKET WRAP Nifty and Sensex were closed red; down 1.63%, 1.37% prov. this week. US Existing Home Sales 5.18M and US Unemployment Rate at 354K. Euro Red & U.S markets were red; while Asian markets were also red last week.

Indian

equity markets ended flat on Friday; on this week the Sensex and Nifty

were in bearish trend. Major sector which were down like FMCG Index, banking Index, Realty Sector and Top looser are Birla Power (down 33.33%), Shree Ashtavinayak (down 29.41%), S Mobility (down 27.29%), Super Spinning (down 26.09%), Jai Balaji Inds. (down 24.17%), Aqua Logistics (down 23.08%), LT Foods (down 17.52%) & GTL (down 14.93%). Technically Nifty may expected to down from this point or a short term range bound movement this week.

Rupee started to trade in Indian exchanges from August 2008, at that time it was trading at Rs. 44.00 for every dollar. Soon after its launch we witnessed it 1st robust volatility and hit the first low of 52.50 to USD in March 2009. However in 2009 to 2011 rupee retraced to trade again in range of 43 to 46. In the month of august 2011 the dupe again started its downtrend and plunged to new low of 57.30 in June 2012. The huge deficit of close to 120mm is fulfilled through imports. Crude oil import in India now stands at close to 33% of the total imports.

The Reserve Bank of India in its latest policy review has kept policy rates unchanged in-line with expectations. RBI had no choice but to maintain status quo on account of the 9% depreciation in the rupee since the beginning of May. Our current Account deficit which was close to USD 193bn for FY13 is been funded by large FII and FDI inflows in Equity and bond market. If the global investor starts to lose the gain that they have made in the years time by the depreciation of rupee they may start to move out. On the other hand if we see India has huge exports of Textile, IT and Pharmaceuticals.

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MARKET PERFORMANCE

NSE GAINERS COMPANY NAME

CURRENT

PREV. CLOSE(RS)

CANG.(RS)

CHAG.(%)

Birla Power Solution Shree Ashtavinayak

0.20 1.10

0.15 0.85

0.05 0.25

33.33 29.41

S Mobility

38.95

30.60

8.35

27.29

Glodyne Technoserve

11.35

9.00

2.35

26.11

Super Spinning Mills

5.80

4.60

1.20

26.09

COMPANY NAME

CURRENT

PREV. CLOSE(RS)

CANG.(RS)

CHAG.(%)

JCT Electronics

0.25

0.40

-0.15

-37.50

Dhanus Technology

0.10

0.15

-0.05

-33.33

Tijaria Polypipe

3.95

5.40

-1.45

-26.85

Sujana Metal REI Six Ten Retail

0.75 1.25

1.00 1.65

-0.25 -0.40

-25.00 -24.24

NSE LOSERS

VOLUME TOPPERS CURRENT

PREV. CLOSE(RS)

CHAG.(%)

Volume in (‘000s)

Future Retail Unitech Reliance Comm

98.60 20.65 119.55

147.00 21.05 124.40

-32.93 -1.90 -3.90

45118.15 8092.82 33606.87

JP Associate

57.65

58.65

-1.71

15619.86

Jindal Steel & Power

204.45

221.95

-7.88

35675.24

COMPANY NAME

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SECTORIAL INDICES Indices

Country

Date

Index

Net Change

Change (%)

Hang Seng

Hong Kong

21-Jun-13

20263.31

-1575.12

-7.21

Jakarta Composite

Indonesia

21-Jun-13

4515.37

-485.85

-9.71

Nikkei 225

Japan

21-Jun-13

13230.13

326.11

2.53

KLSE Composite

Malaysia

21-Jun-13

1755.85

-13.75

-0.78

Seoul Composite

South Korea

21-Jun-13

1822.83

-136.36

-6.96

Strait Times

Singapore

21-Jun-13

3124.45

-69.06

-2.16

FTSE 100

UK

21-Jun-13

6116.17

-219.93

-3.47

Nasdaq

US

21-Jun-13

3357.25

-66.80

-1.95

DJIA

US

21-Jun-13

14799.40

-241.22

-1.60

S&P 500

US

21-Jun-13

1588.19

-34.37

-2.12

INDIAN EQUITY MARKET INDICES

VALUE

CHANGE

% CHANGE

NIFTY

5,667.65

-213.35

-3.63

BANK NIFTY

11346.90

-880.45

-7.20

SENSEX

18,774.24

-654.99

-3.37

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TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES NIFTY

R4 6456

R3 6209

R2 5962

R1 5814

P 5715

OUTLOOK Trend: - BEARISH Resistance: - 5820, 5965 Support: - 5500, 5350 Strategy: - SELL ON HIGH

NIFTY WEEKLY

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S1 5567

S2 5468

S3 5221

S4 4974


BANK NIFTY WEEKLY PIVOT SCRIPT BANK NIFTY

R4 13913

R3 13116

R2 12319

R1 11833

P 11522

OUTLOOK Trend: - BEARISH Resistance: - 11645, 12000 Support: - 11055, 10800 Strategy: - SELL ON HIGH BANK NIFTY WEEKLY

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S1 11036

S2 10725

S3 9928

S4 9131


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Weekly newsletter equity 24 june 2013  

Indian equity markets ended flat on Friday; on this week the Sensex and Nifty were in bearish trend. Major sector which were down like FM...

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