Weekly newsletter equity 08 oct2012

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Indian Government’s reforms drive has been powering the rally in Indian shares for the past few sessions. The same story was repeated this week as well, with the BSE Sensex crossing 19,000 and the NSE Nifty surpassing 5,800. US presidential election, leadership change in China and Gujarat election are the other important events to keep on one’s radar in the coming weeks and months. Technically Nifty is expected to remain consolidate or may continue the bull run; Nifty this week may range 5600-5880.

Transcript of Weekly newsletter equity 08 oct2012

  • 1. Weekly Newsletterly Newsletter-Equity 08-OctOct-2012EQUITY ANALYSIS - WEEKLYWEEKL

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 WRAPNifty and Sensex gains moderately; up 1% each this week.U.S. Unemployment claims came at 367K; Unemployment rate 7.8%.U.S. & Euro market were green; Most Asian markets too made gains this week.Indian Governments reforms drive has been powering the rally in Indian shares for thepast few sessions. The same story was repeated this week as well, with the BSESensex crossing 19,000 and the NSE Nifty surpassing 5,800. US presidential election,leadership change in China and Gujarat election are the other important events to keepon ones radar in the coming weeks and months. Technically Nifty is expected to remainconsolidate or may continue the bull run; Nifty this week may range 5600-5880.India cabinet approved bills for foreign investment in insurance and pensions. Underthe bills cleared by the cabinet, the cap on foreign money in insurance companies wouldrise to 49 percent, and not give details of the pension bill. Corporate earnings andmanagement commentary will be keenly analyzed for clues on meaningful improvementin business sentiment. In terms of data points, watch out for the latest IIP and inflationnumbers apart from the Governments policy action(s).The IMF will lower its forecast for global economic growth to 3.3% this year and 3.6%in 2013,fromearlier projectionsof 3.4% and3.9%,respectivelyThe IMF expects the eurozone economy to shrink by 0.4% this year before recoveringto a 0.2% growth in 2013, Chinas GDP growth for 2013 has been pegged at 8.2%,versus a previous forecast of 8.4%, while Indias GDP growth is seen at 6% as opposedto a previous forecast of 6.6%. Brazils growth has been projected at 4% versus 4.7% 4. MARKET PERFORMANCE NSE GAINERSCOMPANY NAME CURRENT PREV. CLOSE(RS) CANG.(RS) CHAG.(%) Antarctica 0.250.20 0.05 25.00 Teledata Tech Soln.0.250.20 0.05 25.00Essar Oil 60.6552.50 8.15 15.52 Paras Petrofils0.400.35 0.05 14.29Inox Leisure78.5070.00 8.50 12.14 NSE LOSERSCOMPANY NAME CURRENT PREV. CLOSE(RS) CANG.(RS) CHAG.(%)FCS Software Soltns.0.350.40 -0.05-12.50Raj Oil Mills 7.208.10 -0.90-11.11 EmkayGlobal31.0534.50 -3.45-10.00 Finl.Ser Cura Technologies35.0038.80 -3.80-9.79 Dhanus Technology1.852.05 -0.20-9.76VOLUME TOPPERSCOMPANY NAME CURRENT PREV. CLOSE(RS)CHAG.(%) Volume in(000s) HDFC 749.95 789.05 -4.9659757.41 Lanco Infratech15.90 15.70 1.27 52792.51 IVRCL Ltd. 44.80 47.70 -6.0837891.01HDIL108.55 106.80 1.64 36430.53Unitech 25.55 25.85 -1.1630613.49 5. SECTORIAL INDICESIndices Country Date Index Net Change Change (%)Hang SengHong Kong 5-Oct-2012 21012.38 172.00 0.83 JakartaIndonesia5-Oct-2012 4311.3148.751.14CompositeNikkei 225 Japan 5-Oct-2012 8863.30-6.86-0.08KLSEMalaysia 5-Oct-2012 1660.2323.571.44CompositeSeoul South Korea 5-Oct-2012 1995.17-1.04-0.05CompositeStrait Times Singapore 5-Oct-2012 3107.8747.531.55 UnitedFTSE 100 5-Oct-2012 5871.02128.95 2.25Kingdom UnitedNasdaq 5-Oct-2012 3136.1919.960.64 States United DJIA5-Oct-2012 13610.15 173.02 1.29 States United S&P 500 5-Oct-2012 1460.9320.261.41 StatesINDIAN EQUITY MARKET INDICESVALUECHANGE % CHANGENIFTY5746.95 55.800.98 BANK NIFTY11575.75 180.351.58 SENSEX18938.36 185.530.99 6. TECHNICAL VIEWNIFTYWEEKLY PIVOTINDICESR4 R3R2 R1 PS1 S2 S3 S4 NIFTY8264 73376410 6078 5483 5151 4556 3629 2702OUTLOOKTrend: - BullishResistance: - 5880 6080 0,Support: - 5600, 5 5400Strategy: - Buy on DipsNIFTY WEEKLY 7. BANK NIFTYWEEKLY PIVOTSCRIPTR4R3 R2R1 P S1S2S3S4BANK NIFTY 12772 1238011988 11782 11596 11390 11204 10812 10420OUTLOOKTrend: - BullishResistance: - 1175 12200 50,Support: - 11100, 10700,Strategy: - Buy on dips 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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