Weekly NewsLetter Equity 13/12/2010 – 17/12/2010

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Indian market ended down 2.30%, Nifty lost 135 pts while Sensex sliced 458 pts. Oct IIP data up at 10.8% vs. 4.4% (m/m) & Apr-Oct IIP at 10.3% vs. 6.90% (y/y). Global markets ended in green, S&P up 15 pts and DAX ended above 7k at 7006.

Transcript of Weekly NewsLetter Equity 13/12/2010 – 17/12/2010

  • Weekly Newsletter13/12/2010

    Weekly Newsletter-Equity

    www.Capitalheight.com

    Capitalheight.com

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    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

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    MARKET WRAP Indian market ended down 2.30%, Nifty lost 135 pts while Sensex sliced 458 pts. Oct IIP data up at 10.8% vs. 4.4% (m/m) & Apr-Oct IIP at 10.3% vs. 6.90% (y/y). Global markets ended in green, S&P up 15 pts and DAX ended above 7k at 7006.

    Indian markets ended down 2.3% this week despite positive global markets though better than expected IIP data helped market to recover. Nifty lost 135 pts or 2.26% to end the week at 5857 & touched weekly low of 5721 while Sensex sliced 458 pts to settle at 19508 after testing the 19k level. Bank Nifty was worst hit losing 907 pts or 7.32% to end at 11500. In financials, SBI crashed 11% while ICICI, HDFC & Axis bank slipped 5-7%. Realty index cracked 6.5% while Auto & capital goods indices fell 3 - 4%.

    Indias October Index of industrial production came better than expected, up at 10.80% vs. 4.40% (m/m), fastest in last three months while April - October IIP is up at 10.30% vs. 6.9% (y/y). Sector-wise, Capital goods growth was up at 22% vs. 10.90% while manufacturing sector was at 11.30% vs. 10.80%. Auto sales number too jumped up 9% though consumer goods saw de-growth, down at 9.60% vs. 11.40%. Food price index jumped up to 8.69% vs. 8.60% while fuel price inflation was unchanged at 9.99%.

    Global equity markets ended due to numbers of better than expected economic data supporting the economic recovery hopes. DJIA ended up 28 pts at 11410 while S&P ended stronger for 2nd consecutive week gaining 1.28% to end at 1240. U.S unemployment claims came better than expected at 421K vs. 438K complimented by positive trade balance & import prices. European markets ended positive with FTSE up 67 pts to end at 5812 while DAX ended above the crucial 7k level at 7006 as German WPI & Industrial production (m/m) came up at 0.7% and 2.9% respectively.

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    MARKET PERFORMANCE

    NSE GAINERS

    Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)

    Blue Coast Hotels 239.40 207.45 31.95 15.40 Hexaware Tech 97.35 88.05 9.30 10.56

    ACC 1075.20 975.90 99.30 10.18 Core Projects 264.25 242.25 22.00 9.08 Kirloskar Ind 398.35 368.95 29.40 7.97

    NSE LOSERS

    Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)

    Money Matters 206.65 670.00 -463.35 -69.16 Weizmann 24.70 76.10 -51.40 -67.54

    Shree Ashtavinayak 15.95 48.45 -32.50 -67.08 Parekh Aluminex 227.90 565.20 -337.30 -59.68

    Sujana Metals 19.90 44.05 -24.15 -54.82

    NIFTY - 5 DAYS UP

    Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) 5 Days Return

    (%)

    ACC 1,075.20 975.90 99.30 10.18 Wipro 450.95 430.65 20.30 4.71

    Ambuja 142.00 137.00 5.00 3.65 NTPC 192.40 187.05 5.35 2.86 BHEL 2,287.80 2,238.65 49.15 2.20

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    WORLD INDICES Indices Country Date Index Net Change Change (%)

    Hang Seng Hong Kong 10-Dec-10 23,162.91 -157.61 -0.68

    Jakarta Composite Indonesia 10-Dec-10 3,747.71 51.45 1.39

    Nikkei 225 Japan 10-Dec-10 10,211.95 33.63 0.33

    KLSE Composite Malaysia 10-Dec-10 1,507.28 6.30 0.42

    Straits Times Singapore 10-Dec-10 3,185.42 12.98 0.41

    Seoul Composite South Korea 10-Dec-10 1,986.14 28.88 1.48

    FTSE 100 United Kingdom 10-Dec-10 5,812.95 67.63 1.18

    Nasdaq United States 11-Dec-10 2,637.54 46.08 1.78

    DJIA United States 11-Dec-10 11,410.32 28.23 0.25

    S&P 500 United States 11-Dec-10 1,240.40 15.69 1.28

    INDIAN EQUITY MARKET INDICES VALUE CHANGE % CHANGE

    NIFTY 5,857.35 -135.45 -2.26 BANK NIFTY 11,500.75 -907.90 -7.32

    SENSEX 19,508.89 -458.04 -2.29

  • TECHNICAL

    WEEKLY PIVOT

    INDEX R4 R3

    NIFTY 6930 6581

    OUTLOOK

    Trend:- Consolidate

    Resistance:- 5975

    Support:- 5720, 5

    Strategy:- Sell on highs

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    ECHNICAL VIEW NIFTY

    R2 R1 P S1 S2

    6232 6044 5883 5695 5534

    Consolidate

    5975, 6120

    5640

    Sell on highs

    NIFTY WEEKLY

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    S3 S4

    5534 5185 4836

  • WEEKLY PIVOT

    INDEX R4 R3

    BANK NIFTY 15991 14552

    OUTLOOK

    Trend:- Consolidate

    Resistance:- 11880

    Support:- 11040, 1

    Strategy:- Sell on highs

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    BANK NIFTY

    R2 R1 P S1 S2

    14552 13113 12306 11674 10867 10235

    Consolidate

    11880, 12240

    , 10650

    Sell on highs

    BANK NIFTY WEEKLY

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    S2 S3 S4

    10235 8796 7357

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