Weekly Equity Market Report For 14 May

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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.

Transcript of Weekly Equity Market Report For 14 May

  • Weekly Newsletter

    14 MAY 2012

    EQUITY ANALYSIS

    ly Newsletter-Equity

    EQUITY ANALYSIS - DAILY

    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.

    India's 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 will be crucial, while March readings on industrial production.

  • MARKET PERFORMANCE

    NSE GAINERS

    COMPANY NAME CURRENT PREV. CLOSE(RS) CANG.(RS) CHAG.(%)

    Kothari Sugars 8.90 6.30 2.60 41.27

    Guj. Lease Fin 3.35 2.40 0.95 39.58

    M & B Switchgears 75.70 56.95 18.75 32.92

    Nu Tek India 0.70 0.55 0.15 27.27

    Chemplast Sanmar 14.55 11.55 3.00 25.97

    NSE LOSERS

    COMPANY NAME CURRENT PREV. CLOSE(RS) CANG.(RS) CHAG.(%)

    REI Six Ten Retail 6.10 9.85 -3.75 -38.07

    Bartronics India 25.55 33.85 -8.30 -24.52

    Sanwaria Agro Oils 24.75 32.50 -7.75 -23.85

    Global Vectra 10.05 13.05 -3.00 -22.99

    Jubilant Ind 206.95 266.75 -59.80 -22.42

    VOLUME TOPPERS

    COMPANY NAME CURRENT PREV. CLOSE(RS) CHAG.(%) Volume in

    (000s)

    Lanco Infratech 12.15 12.40 -2.02 33442.26

    Suzlon Energy 18.95 19.45 -2.57 27866.25

    HDIL 64.40 62.95 2.30 26957.30

    JP Associate 62.90 60.30 4.31 23335.25

    Unitech 20.45 21.15 -3.31 21022.88

  • SECTORIAL INDICES

    Indices Country Date Index Net Change Change (%)

    Hang Seng Hong Kong 20-May-10 20227.28 -858.72 -4.07 Jakarta

    Composite Indonesia 21-May-10 4133.63 -83.05 -1.97

    Nikkei 225 Japan 21-May-10 9009.65 -370.60 -3.95

    KLSE Composite Malaysia 21-May-10 1588.06 -2.98 -0.19

    Seoul Composite South Korea 21-May-10 1944.93 -44.22 -2.22

    Strait Times Singapore 20-May-10 2883.40 -107.19 -3.58

    FTSE 100 United Kingdom 21-May-10 5544.00 -111.06 -1.96

    Nasdaq United States 22-May-10 2933.64 -22.70 -0.77

    DJIA United States 22-May-10 12855.04 -183.23 -1.41

    S&P 500 United States 22-May-10 1357.99 -11.11 -0.81

    INDIAN EQUITY MARKET

    INDICES VALUE CHANGE % CHANGE

    NIFTY 4931.00 -167.00 -3.28

    BANK NIFTY 9379.00 -415.00 -4.24

    SENSEX 16293.00 -538.00 -3.20

  • TECHNICAL

    WEEKLY PIVOT

    INDICES R4 R3

    NIFTY 5710 5470 5230

    OUTLOOK

    Trend: - Consolidate

    Resistance: - 5100

    Support: - 4800, 4

    Strategy: - Sell on High

    ECHNICAL VIEW NIFTY

    R2 R1 P S1 S2

    5230 5081 4990 4841 4750

    Consolidate

    0, 5250

    4640

    Sell on High

    NIFTY WEEKLY

    S3 S4

    4510 4270

  • WEEKLY PIVOT

    SCRIPT R4 R3

    BANK NIFTY 11504 10841

    OUTLOOK

    Trend: - Consolidate

    Resistance: - 9700

    Support: - 9100, 865

    Strategy: - Sell on High

    BANK NIFTY

    R2 R1 P S1 S2

    10841 10178 9778 9515 9115 8852

    Consolidate

    9700, 10200

    8650

    Sell on High

    BANK NIFTY DAILY

    S2 S3 S4

    8852 8189 7526

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