Weekly ly Newsletter Newsletter-Equity 14 MAY 2012
EQUITY ANALYSIS - DAILY
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 A bad week ended red with Nifty and Sensex both down more than 3.2 %. U.S. Unemployment claims came at 367K; Trade Balance came at (-) 51.8B. This week has given a weak ending for almost all international markets.
This was a dismal week for the Indian market which saw almost all sectoral indices end in the red. Infrastructure took the most beating, followed by technology, metals and banks. The range for the indices shifted further down and next week it is expected that this will continue to be choppy and negative. Nifty this week has closed below its psychological level of 5000 to end at 4929 and Sensex shredding 3.2% to end at 16293. Negative cues from domestic and global markets made the markets vulnerable.
industrial output unexpectedly contracted 3.5% in March compares with
February's annual increase of 4.1%, government data showed. Manufacturing, which constitutes about 76% of industrial production, shrank an annual 4.4% from a year earlier. The overall output grew 2.8% in the fiscal year that ended on March 31, much slower than 8.2% in the year-ago period. India's economy has slowed considerably due to surging inflationary pressures, which have resulted in high interest rates.
It was a volatile week for global markets, Global cues remained cheerless as concerns over Greece continued to haunt traders. Wall Street ended its worst week this year with a sharp selloff on Friday after a slowdown in job creation in the world's top economy raised the biggest question mark yet about the prospects for US growth. The implications of French and Greek elections for the region's drive to impose fiscal austerity
MARKET PERFORMANCE NSE GAINERS COMPANY NAME
Guj. Lease Fin
M & B Switchgears
Nu Tek India
REI Six Ten Retail
Sanwaria Agro Oils
Volume in (‘000s)
SECTORIAL INDICES Indices
INDIAN EQUITY MARKET INDICES
TECHNICAL VIEW NIFTY WEEKLY PIVOT INDICES NIFTY
OUTLOOK Trend: - Consolidate Resistance: - 51000, 5250 Support: - 4800, 44640 Strategy: - Sell on High
BANK NIFTY WEEKLY PIVOT SCRIPT BANK NIFTY
OUTLOOK Trend: - Consolidate Resistance: - 9700 9700, 10200 Support: - 9100, 865 8650 Strategy: - Sell on High BANK NIFTY DAILY
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