Weekly Newsletter-Equity 18 -Feb-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; lost 0.27%, 0.09% resp. this week. Core Retail Sales m/m 0.2% and US Unemployment Claim at 341K. US & Euro markets were green; Asian markets were mixed last week.
Indian equity markets benchmark ended red on Friday; on this week the Sensex and Nifty were bearish trend. Major sector which were down like Realty sector (down 5.4%), Metal Sector (down 1.4%), Oil & Gas Index (down 1%), and Top looser are Dishman Pharma (down 15.2%),Hindustan Oil (down 13.6%), Chennai Petroleum (down 9.8%), Orchid Chem (down 8.3%) and Maruti Suzuki (down 7.4%). Technically Nifty may expected to up from this point or a short term range bound movement this week; Nifty this week may range 6200-5600.
IIP for the month of December contracted 0.6%. The dreary IIP came on the back of last weekâ€™s GDP estimate that Indiaâ€™s economic growth be of 5% this fiscal. The macro economic data hurt hopes of a recovery in economic growth but strengthened the case for a rate cut by RBI. The current account deficit hit an all-time high of 5.4 % of gross domestic product in July-September due to slowing exports and heavy oil and gold imports. Petrol & diesel prices are hiked by Rs.1.5/lit & Rs. 0.45/lit. Union budget will be the major news in coming week.
The S&P 500 index is still up more than 6 percent so far this year and is hovering near its highest level since November 2007 this week up by 0.79%. The major indices showed this week a consolidated trend, with the Dow Jones up nearly by 0.21 percent, and the Nasdaq Composite Index gained 1.06 percent to end at 3198.66. The rupee resumed lower at 54.22 a dollar as against the last closing of 53.44 at the Interbank Foreign Exchange (Forex) Market. The rupee is likely to appreciate somewhat, perhaps toward 52-53/USD.
MARKET PERFORMANCE NSE GAINERS COMPANY NAME
Amarjothi Spg. Mills
Ess Dee Aluminium
Aarvee Denims & Ex.
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: - 6030, 6200 Support: -5750, 5600 Strategy: - Sell On High
BANK NIFTY WEEKLY PIVOT SCRIPT BANK NIFTY
OUTLOOK Trend:-Consolidate Resistance: - 12700, 13000 Support: - 12150, 11800 Strategy: - Sell On High BANK NIFTY WEEKLY
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