Weekly Equity News Letter by CapitalHeight 20-12-2010

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Weekly New 20/12/2010 wsletter-Equity www.Capita alheight.com

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Weekly Newsletter-Equity 20/12/2010 www.Capitalheight.comCapitalheight.com Market Wrap Market Performance NSE Gainers NSE Losers NIFTY Five Days Up World Indices Indian Equity Market Technical Analysis Nifty Spot Bank Nifty Future Contents [email protected] Phone- (0731)4295950 www.capitalheight.com

Transcript of Weekly Equity News Letter by CapitalHeight 20-12-2010

Page 1: Weekly Equity News Letter by CapitalHeight 20-12-2010

Weekly Newsletter20/12/2010

Weekly Newsletter-Equity

www.Capitalheight.com

Capitalheight.com

Page 2: Weekly Equity News Letter by CapitalHeight 20-12-2010

www.capitalheight.com

[email protected]

Phone- (0731)4295950

Weekly Newsletter

Contents

Market Wrap

Market Performance

NSE Gainers

NSE Losers

NIFTY Five Days Up

World Indices

Indian Equity Market

Technical Analysis

Nifty Spot

Bank Nifty Future

Page 3: Weekly Equity News Letter by CapitalHeight 20-12-2010

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MARKET WRAP

Indian market ended up 1.5%, Nifty above 5900, up 91 pts & Sensex up 356 pts.

WPI inflation came down at 7.48 vs. 8.58% m/m while food inflation up at 10.67%.

Global markets ended in green, US jobless claims fall & Industrial activity fastens.

Indian equity market ended the last week sell off as Nifty ended up 1.56% and Sensex

up 1.82%. Nifty ended the week above the crucial level of 5900 gaining 91.40 points

and touched weekly high of 5956 while Sensex rallied 355.96 points to end near 20k

level at 19864.75. The buying came later in the week post RBI credit policy meet as it

kept base rate on hold. Bank nifty ended the week on a flat note at 11473.75.

Frontline stocks like Tata Motors, RIL, Tata steel, IT & Bank stocks were major gainers.

India’s Wholesale Price Index for the month of November came better than expected,

easing down to 7.48% vs. 8.58% (m/m). Food price inflation jumped up to 9.46% vs.

8.69% & Fuel price inflation climbed to 10.67% vs. 9.99%. Primary article inflation came

down at 13% vs. 16.68%. RBI in its credit policy meet kept the base rates unchanged

while it has eased down the liquidity by keeping SLR at 24% vs. 25%. RBI will also

conduct OMO in next four weeks by buying bonds worth up to Rs.12000 Cr. each week.

Global equity markets ended positive as world’s largest economy came up with a

number of positive economic data signaling economic recovery intact. DJIA ended up

81.59 pts at 11491 while S&P gained for third consecutive week, up at 1243.91.

The U.S jobless claims came down at 420k while Philly fed manufacturing index jumped

up to 24.3. Retail sales jumped to 0.8% while housing stats lagged at 0.53m. FTSE

ended up 58.8 pts at 5871 & DAX ended below 7k at 6982, down 24 pts. Asian markets

ended down with Jakarta comp. down 4.5% and Hangseng down almost 2%.

Page 4: Weekly Equity News Letter by CapitalHeight 20-12-2010

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MARKET PERFORMANCE

NSE GAINERS

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

Crest Animation 84.15 62.75 21.40 34.10

Prime Securities 37.20 27.80 9.40 33.81

Rama Newsprint 23.30 17.70 5.60 31.64

Arvind 64.00 48.80 15.20 31.15

K S Oils 47.30 37.15 10.15 27.32

NSE LOSERS

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

Weizmann 20.20 77.25 -57.05 -73.85

Money Matters 186.15 703.55 -517.40 -73.54

Shree Ashtavinayak 13.05 48.10 -35.05 -72.87

Parekh Aluminex 219.30 546.45 -327.15 -59.87

Sujana Metal 16.20 40.25 -24.05 -59.75

NIFTY - 5 DAYS UP

Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) 5 Days Return

(%)

Tata Motors 1347.00 1247.60 99.40 7.97

Tata Steel 660.40 619.00 41.40 6.69

SAIL 188.25 176.50 11.75 6.66

R Infra 829.30 780.15 49.15 6.30

TCS 1140.70 1074.90 65.80 6.12

Page 5: Weekly Equity News Letter by CapitalHeight 20-12-2010

www.capitalheight.com

[email protected]

Phone- (0731)4295950

WORLD INDICES

Indices Country Date Index Net Change Change (%)

Hang Seng Hong Kong 17-Dec-10 22,714.85 -448.06 -1.93

Jakarta Composite

Indonesia 17-Dec-10 3,581.56 -166.15 -4.43

Nikkei 225 Japan 17-Dec-10 10,303.83 91.88 0.90

KLSE Composite

Malaysia 17-Dec-10 1,499.88 -7.40 -0.49

Straits Times

Singapore 17-Dec-10 3,153.01 -32.41 -1.02

Seoul Composite

South Korea 17-Dec-10 2,026.30 40.16 2.02

FTSE 100 United

Kingdom 17-Dec-10 5,871.75 58.80 1.01

Nasdaq United States 18-Dec-10 2,642.97 5.43 0.21

DJIA United States 18-Dec-10 11,491.91 81.59 0.72

S&P 500 United States 18-Dec-10 1,243.91 3.51 0.28

INDIAN EQUITY MARKET

INDICES VALUE CHANGE % CHANGE

NIFTY 5,948.75 91.40 1.56

BANK NIFTY 11,473.75 -27.00 -0.23

SENSEX 19,864.85 355.96 1.82

Page 6: Weekly Equity News Letter by CapitalHeight 20-12-2010

TECHNICAL

WEEKLY PIVOT

INDEX R4 R3

NIFTY 6380 6220

OUTLOOK

Trend:- Consolidate

Resistance:- 6040

Support:- 5865, 5

Strategy:- Buy on dips

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ECHNICAL VIEW

NIFTY

R2 R1 P S1 S2

6060 6005 5900 5845 5740

Consolidate

6040, 6150

5790

Buy on dips

NIFTY WEEKLY

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S3 S4

5740 5580 5420

Page 7: Weekly Equity News Letter by CapitalHeight 20-12-2010

WEEKLY PIVOT

INDEX R4 R3

BANK NIFTY 12941 12441

OUTLOOK

Trend:- Consolidate

Resistance:- 11880

Support:- 11040, 1

Strategy:- Buy on dips

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BANK NIFTY

R2 R1 P S1 S2

12441 11941 11708 11441 11208 10941

Consolidate

11880, 12240

, 10700

Buy on dips

BANK NIFTY WEEKLY

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S2 S3 S4

10941 10441 9941

Page 8: Weekly Equity News Letter by CapitalHeight 20-12-2010

www.capitalheight.com

[email protected]

Phone- (0731)4295950

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