Weekly Newsletter-Equity 28 -Jan-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; gained 0.17%, 0.32% resp. this week. Existing Home Sales 4.94M and US Unemployment Claim at 330K. US & Euro markets were green; Asian markets were mixed last week.
Indian equity markets benchmark ended High on Friday; on this week the Sensex and Nifty were consolidated. Major gainers like IT Index (up 0.2%), Oil & Gas Index (down 0.4%), Realty Sector (down 5.4%) and Top gainers are Larsen & Toubro (up 4.8%), ITC (up 4.3%), Maruti Suzuki (up 3.4%), Bharti Airtel (up 3.3%) and Wipro (up 2.6%). Technically Nifty may expected to up from this point or a short term range bound movement this week; Nifty this week may range 6230-5650.
The Reserve Bank of India allowed exporters to access the foreign exchange market without having to first exhaust funds in their foreign currency accounts. In the telecom industry Bharti Airtel and Idea Cellular Ltd. have increased their call rates by 100%. Airtel increased the call rates from 1Re/min to Rs.2/minute while Idea has increased the tariff from 1.2p/second to 2p/second, said the reports. HUL posted higher profit Rs. 8713.60 mn for the quarter ended December 31, 2012.
The S&P 500 has Positive this weekâ€™s it was a hair below its five-year closing high on Thursday but was still poised to eke out a weekly increase of 1.93 percent. The major indices showed this week a bullish trend, with the Dow jones up nearly by 2.90 percent, and the Nasdaq Composite Index gained 0.93 percent to end at 3130.38. Rupee trades at 53.75-76 versus its previous close of 53.6650-6750. Traders trim short dollar positions ahead of the long weekend. Forex and debt markets will remain closed on Friday as banks are shut for a local holiday.
MARKET PERFORMANCE NSE GAINERS COMPANY NAME
Uttam Galva Steels
Pan India Corp.
Zenith Birla (India)
Volume in (‘000s)
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: - 6180, 6280 Support: -5930, 5800 Strategy: - Buy On Dips
BANK NIFTY WEEKLY PIVOT SCRIPT BANK NIFTY
OUTLOOK Trend:- Consolidate Resistance: - 13120, 13550 Support: - 12450, 12000 Strategy: - Buy On Dips BANK NIFTY WEEKLY
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