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

Weekly Newsletter13/12/2010

Weekly Newsletter-Equity

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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%.

India’s 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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Weekly NewsLetter Equity 13/12/2010 – 17/12/2010

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