Weekly Equity Recommendation

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Weekly Newsletter-Equity 24 - Dec - 2012 EQUITY ANALYSIS - WEEKL Y

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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

  • 1. Weekly Newsletter-Equity 24-Dec-2012EQUITY ANALYSIS - WEEKLY

2. Weekly NewsletterContents Market Wrap Market Performance NSE Gainers NSE Losers Volume Toppers World Indices Indian Equity Market Technical Analysis Nifty Spot Bank Nifty Future 3. 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 Niftywere red, slipping marginally around by 0.5% each. Major sectors which were down likeRealty, 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 termrange bound movement this week; Nifty this week may range 6100-5630.Its been an eventful week outside the market this week. The Reserve bank of India inits mid-quarter review of monetary policy kept policy rates unchanged on Tuesday. Thecash reserve ratio of scheduled banks unchanged at 4.25 per cent of their net demandand time liabilities; and keep the policy repo rate under the liquidity adjustment facilityunchanged at 8.0 per cent and the Bank Rate at 9.0 per cent. On the political frontNarendra 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 foraverting the "fiscal cliff" failed to pass, dissipating hopes that a deal would be reachedsoon in Washington. The major indices showed this week a consolidate trend, with theDow jones raised nearly by 1.07 percent, and the Nasdaq Composite Index gained58.23 pts or 1.95 percent to end at 3050.39.The rupee has depreciated from 54.04 to55.15. The Euro & GBP crosses with Indian rupee today has tested an all time high of73.05 & 89.70 resp.IMF for an additional aid of 31.1bn euros with conditions attached. 4. MARKET PERFORMANCENSE GAINERSCOMPANY NAMECURRENT PREV. CLOSE(RS) CANG.(RS) CHAG.(%)Polar Industries 6.203.30 2.90 87.88 Ganesh Housing Co. 122.4582.5539.90 48.33 TVS Electronics 20.7515.70 5.05 32.17 Eurotex Inds.&Exp.21.2016.60 4.60 27.71Sujana Universal 2.101.65 0.45 27.27 NSE LOSERSCOMPANY NAMECURRENT PREV. CLOSE(RS) CANG.(RS) CHAG.(%) GTL Infrastructure4.055.60 -1.55-27.68 Taksheel Solutions9.25 12.45 -3.20-25.70 Assam Company In. 6.007.35 -1.35-18.37Bilpower 14.8017.90 -3.10-17.32 JIK Industries3.153.80 -0.65-17.11VOLUME TOPPERSCOMPANY NAMECURRENT PREV. CLOSE(RS)CHAG.(%) Volume in (000s)Unitech32.65 34.10-4.255439.58 Suzlon Energy 18.25 18.60-1.883326.81HDIL 106.95 113.35-5.653276.18 Reliance Power91.70 96.00-4.483191.41 Reliance Comm 72.55 74.45-2.552146.66 5. SECTORIAL INDICESIndices CountryDateIndexNet ChangeChange (%)Hang SengHong Kong24-Dec-2012 22659.78214.20 0.95 JakartaIndonesia 24-Dec-2012 4254.82 -65.37-1.51CompositeNikkei 225 Japan24-Dec-2012 10039.33296.60 3.04KLSEMalaysia24-Dec-2012 1658.856.100.37CompositeSeoul South Korea24-Dec-2012 1976.09 -26.68-1.33CompositeStrait Times Singapore24-Dec-2012 3163.56 -4.87 -0.15 UnitedFTSE 10024-Dec-2012 5958.30 28.700.48Kingdom UnitedNasdaq24-Dec-2012 3050.39 58.231.95 States United DJIA 24-Dec-2012 13311.72141.00 1.07 States United S&P 50024-Dec-2012 1443.69 24.241.71 StatesINDIAN EQUITY MARKET INDICESVALUE CHANGE % CHANGENIFTY5847.70 -31.90 -0.54 BANK NIFTY12347.35 -182.65 -1.46 SENSEX19242.00-75.25 -0.39 6. TECHNICAL VIEWNIFTYWEEKLY PIVOTINDICESR4 R3R2R1 PS1 S2 S3 S4 NIFTY6219 610359865917 5870 5801 5754 5638 5521OUTLOOKTrend: -ConsolidateResistance: - 6000, 6100Support: -5730, 5630Strategy: - Sell On HighNIFTY WEEKLY 7. BANK NIFTYWEEKLY PIVOTSCRIPTR4R3 R2R1 P S1S2S3S4BANK NIFTY 13516 1314612776 12562 12406 12192 12036 11666 11296OUTLOOKTrend:- ConsolidateResistance: - 12850, 13320Support: - 12000, 11600Strategy: - Sell On High BANK NIFTY WEEKLY 8. DisclaimerThe information and views in this report, our website & all the service we provide are believed to be reliable, but we do notaccept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suitsthem the most.Sincere efforts have been made to present the right investment perspective. The information contained herein is based onanalysis and up on sources that we consider reliable.This material is for personal information and based upon it & takes no responsibilityThe information given herein should be treated as only factor, while making investment decision. The report does notprovide individually tailor-made investment advice. 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