Weekly Newsletter

EQUITY ANALYSIS

ly Newsletter-Equity

30 Ju

EQUITY ANALYSIS - WEEKL

July2012

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 both ended with significant losses this week down 2%.

U.S. Unemployment claims came at 353K; New home sales m/m came at 350K.

U.S. & Euro markets were almost flat while Asian markets were negative.

Indian markets had another bad week amid a plethora of quarterly earnings, with

FMCG being the only sector that managed to close positive, even as concerns prevailed

over the precarious state of the euro-zone and its negative fallout on the global

economy. Sensex was down 1.9% and Nifty lost 2% over the week. Technically Nifty is

drifting near its 200DMA & is in correction mode, it may range 4950-5250 this week with

price action most of the time turning into indecision having support at lower levels.

India is mainly facing lack of revival in southwest monsoon coupled with the

Government’s constant dithering over pending reforms also dampened the sentiment.

The persistent weakness in the rupee and FII outflows added to the jitters. This week

RBI policy review will be announced, central bank most probably won’t tinker with policy

rates with inflation (both WPI and CPI) proving to be sticky. Weak monsoon, large twin

deficits & depressed domestic fuel prices are other factors that will play on RBI’s minds.

European Central Bank (ECB) will take necessary measures to protect the euro

common currency, President Mario Draghi said on Thursday. His comments sparked a

global rally in risky assets amid expectations that the ECB will intervene in markets to

rein in spiraling borrowing costs. Markets rallied across Europe and US after Draghi

said central bank would do to take necessary steps to protect eurozone from collapse,

raising hopes to ease strains for highly indebted member states like Spain and Italy.

MARKET PERFORMANCE

NSE GAINERS

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

OMDC 41599.50 31251.50 10348.00 33.11

Ashapura Mine 20.10 15.85 4.25 26.81

The United Nilgiri 181.00 155.00 26.00 16.77

Geometric 83.75 72.10 11.65 16.16

MTNL 29.25 25.20 4.05 16.07

NSE LOSERS

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

Glodyne Tech 219.40 364.00 -144.60 -39.73

Gokul Refoils 49.65 81.40 -31.75 -39.00

Sumeet Inds 12.60 20.00 -7.40 -37.00

Amar Remedies 88.45 140.10 -51.65 -36.87

Parsvnath Dev 37.00 58.00 -21.00 -36.21

VOLUME TOPPERS

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

(‘000s)

Lanco Infratech 12.20 12.10 0.83 31280.05

Pipavav Defence 55.75 62.25 -10.44 30308.03

HDIL 75.70 73.10 3.56 23307.45

Reliance Comm 54.05 56.10 -3.65 15507.50

Parsvnath Dev 37.00 46.20 -19.91 14819.66

SECTORIAL INDICES

Indices Country Date Index Net Change Change (%)

Hang Seng Hong Kong 27-Jul-2012 19274.96 182.33 0.95

Jakarta Composite

Indonesia 27-Jul-2012 4084.21 64.54 1.61

Nikkei 225 Japan 27-Jul-2012 8566.64 -157.48 -1.81

KLSE Composite

Malaysia 27-Jul-2012 1624.94 -1.44 -0.09

Seoul Composite

South Korea 27-Jul-2012 1829.16 16.27 0.90

Strait Times Singapore 27-Jul-2012 2998.49 2.93 0.10

FTSE 100 United

Kingdom 27-Jul-2012 5627.21 -38.92 -0.69

Nasdaq United States

27-Jul-2012 2958.09 49.62 1.71

DJIA United States

27-Jul-2012 13075.66 298.57 2.34

S&P 500 United States

27-Jul-2012 1362.66 5.88 0.43

INDIAN EQUITY MARKET

INDICES VALUE CHANGE % CHANGE

NIFTY 5099.85 -105.25 -2.02

BANK NIFTY 10206.50 -303.45 -2.89

SENSEX 16839.19 -319.25 -1.86

T

WEEKLY PIVOT

INDICES R4 R3

NIFTY 5494 5362 5230

OUTLOOK

Trend: - Consolidate

Resistance: - 5250

Support: - 4950, 4

Strategy: - Sell on Highs

TECHNICAL VIEW

NIFTY

R2 R1 P S1 S2

5230 5165 5098 5033 4966

Consolidate

0, 5400

4800

Sell on Highs

NIFTY WEEKLY

S3 S4

4834 4702

WEEKLY PIVOT

SCRIPT R4 R3

BANK NIFTY 11479 11067

OUTLOOK

Trend: - Consolidate

Resistance: - 1055

Support: - 10000,

Strategy: - Sell on Highs

BANK NIFTY

R2 R1 P S1 S2

11067 10655 10430 10243 10018 9831

Consolidate

550, 10900

, 9700

Sell on Highs

BANK NIFTY WEEKLY

S2 S3 S4

9831 9419 9007

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