Weekly Equity Recommendation

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Nifty and Sensex were closed red; lost 0.54%, 0.39% resp. this week. Existing Home Sales 5.04M and US Unemployment Claims at 361K. US & Euro markets were mixed; Asian markets too were also mixed last week.

Transcript of Weekly Equity Recommendation

  • Weekly Newsletter-Equity

    24-Dec-2012

    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 0.54%, 0.39% resp. this week. Existing Home Sales 5.04M and US Unemployment Claims at 361K. US & Euro markets were mixed; Asian markets too were also mixed last week.

    Indian markets ended down on Friday due to profit booking, this week Sensex and Nifty were red, slipping marginally around by 0.5% each. Major sectors which were down like Realty, Oil & Gas. Top looser were HDIL (down 7.6%) Unitech (down 2.1%), Cairn India (down 3.9%).Technically Nifty may expected to drop from this point or a short term range bound movement this week; Nifty this week may range 6100-5630.

    It's been an eventful week outside the market this week. The Reserve bank of India in its mid-quarter review of monetary policy kept policy rates unchanged on Tuesday. The cash reserve ratio of scheduled banks unchanged at 4.25 per cent of their net demand and time liabilities; and keep the policy repo rate under the liquidity adjustment facility unchanged at 8.0 per cent and the Bank Rate at 9.0 per cent. On the political front Narendra Modi has won the Gujarat assembly elections for the third time in a row.

    The S&P 500 has positive this weeks on Thursday after a Republican proposal for averting the "fiscal cliff" failed to pass, dissipating hopes that a deal would be reached soon in Washington. The major indices showed this week a consolidate trend, with the Dow jones raised nearly by 1.07 percent, and the Nasdaq Composite Index gained 58.23 pts or 1.95 percent to end at 3050.39.The rupee has depreciated from 54.04 to 55.15. The Euro & GBP crosses with Indian rupee today has tested an all time high of 73.05 & 89.70 resp.IMF for an additional aid of 31.1bn euros with conditions attached.

  • MARKET PERFORMANCE

    NSE GAINERS

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

    Polar Industries 6.20 3.30 2.90 87.88

    Ganesh Housing Co. 122.45 82.55 39.90 48.33

    TVS Electronics 20.75 15.70 5.05 32.17

    Eurotex Inds.&Exp. 21.20 16.60 4.60 27.71

    Sujana Universal 2.10 1.65 0.45 27.27

    NSE LOSERS

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

    GTL Infrastructure 4.05 5.60 -1.55 -27.68

    Taksheel Solutions 9.25 12.45 -3.20 -25.70

    Assam Company In. 6.00 7.35 -1.35 -18.37

    Bilpower 14.80 17.90 -3.10 -17.32

    JIK Industries 3.15 3.80 -0.65 -17.11

    VOLUME TOPPERS

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

    (000s)

    Unitech 32.65 34.10 -4.25 5439.58

    Suzlon Energy 18.25 18.60 -1.88 3326.81

    HDIL 106.95 113.35 -5.65 3276.18

    Reliance Power 91.70 96.00 -4.48 3191.41

    Reliance Comm 72.55 74.45 -2.55 2146.66

  • SECTORIAL INDICES

    Indices Country Date Index Net Change Change (%)

    Hang Seng Hong Kong 24-Dec-2012 22659.78 214.20 0.95

    Jakarta Composite Indonesia 24-Dec-2012 4254.82 -65.37 -1.51

    Nikkei 225 Japan 24-Dec-2012 10039.33 296.60 3.04

    KLSE Composite Malaysia 24-Dec-2012 1658.85 6.10 0.37

    Seoul Composite South Korea 24-Dec-2012 1976.09 -26.68 -1.33

    Strait Times Singapore 24-Dec-2012 3163.56 -4.87 -0.15

    FTSE 100 United Kingdom 24-Dec-2012 5958.30 28.70 0.48

    Nasdaq United States 24-Dec-2012 3050.39 58.23 1.95

    DJIA United States 24-Dec-2012 13311.72 141.00 1.07

    S&P 500 United States 24-Dec-2012 1443.69 24.24 1.71

    INDIAN EQUITY MARKET

    INDICES VALUE CHANGE % CHANGE

    NIFTY 5847.70 -31.90 -0.54

    BANK NIFTY 12347.35 -182.65 -1.46

    SENSEX 19242.00 -75.25 -0.39

  • TECHNICAL VIEW NIFTY

    WEEKLY PIVOT

    INDICES R4 R3 R2 R1 P S1 S2 S3 S4

    NIFTY 6219 6103 5986 5917 5870 5801 5754 5638 5521

    OUTLOOK

    Trend: -Consolidate

    Resistance: - 6000, 6100

    Support: -5730, 5630

    Strategy: - Sell On High

    NIFTY WEEKLY

  • BANK NIFTY

    WEEKLY PIVOT

    SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

    BANK NIFTY 13516 13146 12776 12562 12406 12192 12036 11666 11296

    OUTLOOK

    Trend:- Consolidate

    Resistance: - 12850, 13320

    Support: - 12000, 11600

    Strategy: - Sell On High

    BANK NIFTY WEEKLY

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