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
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.
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.
NSE GAINERS COMPANY NAME
Birla Power Solution Shree Ashtavinayak
Super Spinning Mills
Sujana Metal REI Six Ten Retail
VOLUME TOPPERS CURRENT
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
Jindal Steel & Power
SECTORIAL INDICES Indices
INDIAN EQUITY MARKET INDICES
TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES NIFTY
OUTLOOK Trend: - BEARISH Resistance: - 5820, 5965 Support: - 5500, 5350 Strategy: - SELL ON HIGH
BANK NIFTY WEEKLY PIVOT SCRIPT BANK NIFTY
OUTLOOK Trend: - BEARISH Resistance: - 11645, 12000 Support: - 11055, 10800 Strategy: - SELL ON HIGH BANK NIFTY WEEKLY
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