Weekly Equity News Letter by CapitalHeight 20-12-2010
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Transcript of Weekly Equity News Letter by CapitalHeight 20-12-2010
Weekly Newsletter20/12/2010
Weekly Newsletter-Equity
www.Capitalheight.com
Capitalheight.com
www.capitalheight.com
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
www.capitalheight.com
Phone- (0731)4295950
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%.
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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
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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
TECHNICAL
WEEKLY PIVOT
INDEX R4 R3
NIFTY 6380 6220
OUTLOOK
Trend:- Consolidate
Resistance:- 6040
Support:- 5865, 5
Strategy:- Buy on dips
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
WEEKLY PIVOT
INDEX R4 R3
BANK NIFTY 12941 12441
OUTLOOK
Trend:- Consolidate
Resistance:- 11880
Support:- 11040, 1
Strategy:- Buy on dips
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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Phone- (0731)4295950
S2 S3 S4
10941 10441 9941
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