Weekly Newsletter-Equity 19-Nov-2012
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; lost 1.97%, 2.00% respectively this week. Retail Sales m/m was at -0.30%.and US Unemployment Claims at 439K. US & Euro markets were red; Asian markets too were also red last week.
in all sectors, major sectors like Banks, Pharma, Cement & finance closed red. Top losers in Market were Tata motors (-5.56%), ultratech cement (-5.36%), Tata Steel (-5.24%), Ambuja Cement (-5.19%), Grasim Industries (-5.42%), Ranbaxy Labs (3.90%). and ITC (-3.2%). Technically Nifty may expected to drop from this point or a short term range bound movement this week; Nifty this week may range 5300-5740.
Growth rates have slowed down everywhere. Our exports have shrunk and the fiscal deficit has gone up on account of a variety of factors. Growth decelerated to 6.5 per cent last year and may be only around 6 per cent in the current year. As per “usebased” classification there have been negative growths in capital goods (-12.2%) and consumer durables (-1.7%) whereas positive growths have been achieved in basic goods (3.5%), intermediate goods (1.8%) and consumer non-durables (1.1%).
The S&P 500 has weakened this week’s on Thursday as bearish. The major indices declined sharply for this week showing a bearish trend, with the Dow jones down nearly by 3.02 percent. The Oil marketing companies have reduced the price of petrol by 95 paisa per litre with effect from midnight. Reports stated that Petrol prices were last revised on October 27 when they were raised by 29 paisa (to Rs. 68.19 per litre in Delhi) after the government increased the commission paid to petrol pump dealers.
MARKET PERFORMANCE NSE GAINERS COMPANY NAME
Money Matters Fin
Pritish Nandy Com.
Volume in (‘000s)
Unitech L&T Finance Holdings TV18 Broadcast
JP Associate Lanco Infratech
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: - 5740, 5920 Support: -5450, 5300 Strategy: - Sell on High
BANK NIFTY WEEKLY PIVOT SCRIPT BANK NIFTY
OUTLOOK Trend:- Consolidate Resistance: - 11800, 12220 Support: - 11100, 10600 Strategy: - Sell on High BANK NIFTY WEEKLY
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Published on Nov 18, 2012
Indian markets ended with red on Friday, shows a continuing decline in all sectors, major sectors like Banks, Pharma, Cement & finance close...