30.08.2010 weekly equity report

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Transcript of 30.08.2010 weekly equity report

  • Weekly Newsletter30/08/2010

    Weekly Newsletter-Equity

    Capitalheight.com

    Capitalheight.com

  • www.capitalheight.com

    info@capitalheight.com

    Phone- (0731)4295950

    Weekly Newsletter Contents

    Market Wrap

    Market Performance

    NSE Gainers

    NSE Losers

    NIFTY 5 Days Up

    World Indices

    Indian Equity Market

    Technical Analysis

    Nifty Spot

    Bank Nifty Future

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    Phone- (0731)4295950

    MARKET WRAP Indian equity markets sliced 2.2% this week with Nifty at 5408 & Sensex at 17998.

    Food price inflation eased by 0.3% at 10.05% & fuel price index same at 12.57%.

    Global markets down on fear of economy slowdown despite better GDP data.

    Indian equity markets sliced down last week gains as Nifty shredded 122 points settling

    above 5400 at 5408 while Sensex cut 403 points below psychological level of 18k at

    17998. Nifty was bearish throughout the week with marginal gains and is now in range

    of 5350 5450. It touched weekly high of 5449 and low of 5392.

    On the sectoral front, Bankex lost 2% or 278 points, down at 10741. HDFC, ICICI &

    Kotak Bank lost 3%-4% while in metals, Hindalco, Sterlite & Sail lost 8%, 4.5% & 3%

    respectively.

    Indias food price index eased down 0.30% at 10.05% vs.10.35% while Fuel price index

    remains unchanged at 12.57% for the year till mid August. With this, RBI sees headline

    WPI inflation gauge easing down from 9.97% Govt. has announced stimulus for its

    foreign trade policy 09-14, this stimulus will be worth Rs. 1050 Cr. & prospects to

    achieve $ 200 billion export in FY11.

    Dow Jones & S&P fell for third consecutive week. Dow Jones is down 0.60% still

    above 10k at 10150 & S&P down 0.70% at 1064. NASDAQ too gave up 1.2%, down 26

    pts at 2153. Dow Futures was sliced 90 points this week but in the end gained 170

    points on better prelim GDP data at 1.6% vs. 1.5% & also lower job claims at 473k vs.

    500k. European markets also ended positive with CAC at 3500 & DAX at 5950. FTSE

    gained marginally up 0.12% or 6 pts at 5201 due to revised GDP q\q at 1.2% vs. 1.1%.

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    MARKET PERFORMANCE

    NSE GAINERS

    Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)

    Pearl Polymers 23.75 17.90 5.85 32.68

    MSP Steel 51.45 40.05 11.40 28.46

    Ind-Swift Lab 126.65 99.65 27.00 27.09

    Camlin 51.90 41.05 10.85 26.43

    FDC 105.00 86.05 18.95 22.02

    NSE LOSERS

    Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)

    Surana Telecom 17.35 52.25 -34.90 -66.79

    Ramsarup Ind 68.10 104.95 -36.85 -35.11

    Tanla Solutions 23.15 33.80 -10.65 -31.51 HBL Power 22.85 32.20 -9.35 -29.04 REI Agro 19.95 27.85 -7.90 -28.37

    NIFTY - 5 DAYS UP

    Company Name Current(Rs.) Prev. Close (Rs.) 5 Days ago

    (Rs.)

    5 Days Return

    (%)

    BPCL 776.40 763.65 698.70 11.12

    ONGC 1318.20 1289.85 1259.05 4.70

    Airtel 316.10 321.55 310.30 1.87

    NTPC 196.45 198.55 193.25 1.66

    Power Grid 104.35 105.45 103.20 1.11

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    WORLD INDICES Indices Country Date Index Net Change Change (%)

    Hang Seng Hong Kong 27-Aug-10 20,597.35 -384.47 -1.83

    Jakarta Composite

    Indonesia 27-Aug-10 3,104.73 -12.99 -0.42

    Nikkei 225 Japan 27-Aug-10 8,991.06 -188.32 -2.05

    KLSE Composite

    Malaysia 27-Aug-10 1,411.05 16.03 1.15

    Straits Times

    Singapore 27-Aug-10 2,938.74 2.26 0.08

    Seoul Composite

    South Korea 27-Aug-10 1,729.56 -45.98 -2.59

    FTSE 100 United

    Kingdom 27-Aug-10 5,201.56 6.28 0.12

    Nasdaq United States 28-Aug-10 2,153.63 -26.13 -1.20

    DJIA United States 28-Aug-10 10,150.65 -62.97 -0.62

    S&P 500 United States 28-Aug-10 1,064.59 -7.10 -0.66

    INDIAN EQUITY MARKET INDICES VALUE CHANGE % CHANGE

    NIFTY 5,408.70 -121.95 -2.20 BANK NIFTY 10,741.70 -278.40 -2.53

    SENSEX 17,998.41 -403.41 -2.19

  • TECHNICAL

    WEEKLY PIVOT

    INDICES R4 R3

    NIFTY 5924 5766 5608

    OUTLOOK

    Trend:- Consolidate

    Resistance:- 5550

    Support:- 5350, 5

    Strategy:- Buy on dips

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    ECHNICAL VIEW NIFTY

    R2 R1 P S1 S2

    5608 5508 5450 5351 5292

    Consolidate

    5550, 5675

    , 5210

    Buy on dips

    NIFTY WEEKLY

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    Phone- (0731)4295950

    S3 S4

    5134 4977

  • WEEKLY PIVOT

    SCRIPT R4 R3

    BANK NIFTY 12068 11662

    OUTLOOK

    Trend:- Consolidate

    Resistance:- 11110

    Support:- 10630,

    Strategy:- Buy on dips

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    BANK NIFTY

    R2 R1 P S1 S2

    11662 11256 10999 10849 10592 10443

    Consolidate

    11110, 11255

    , 10300

    Buy on dips

    BANK NIFTY WEEKLY

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    info@capitalheight.com

    Phone- (0731)4295950

    S2 S3 S4

    10443 10037 9630

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