Weekly newsletter equity 22 oct2012

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Indian markets ended with losses on Friday wiping out almost half of previous day’s gains on account of some selling pressure seen in the Power, Metals, Capital Goods, Auto and the Banking stocks. This week profit booking was seen wiping all the gains, further global market actions & RBI’s stance at its month-end policy review can decide the short term movement. Technically Nifty may is expected to remain consolidate or a short term range bound movement this week; Nifty this week may range 5550-5820.

Transcript of Weekly newsletter equity 22 oct2012

  • 1. Weekly Newsletterly Newsletter-Equity 22-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 WRAP Nifty and Sensex were almost flat; gains 0.1% each this week. U.S. Unemployment claims came at 388K; existing home sales at 4.75M. U.S. & Euro market were green; Asian markets were consolidating last week.Indian markets ended with losses on Friday wiping out almost half of previous daysgains on account of some selling pressure seen in the Power, Metals, Capital Goods,Auto and the Banking stocks. This week profit booking was seen wiping all the gains,further global market actions & RBIs stance at its month-end policy review can decidethe short term movement. Technically Nifty may is expected to remain consolidate or ashort term range bound movement this week; Nifty this week may range 5550-5820.Indias core inflation index was estimated to have risen 5.56 percent in September froma year earlier, unchanged compared with the estimated 5.56 percent gain in Aug. Theheadline wholesale price index, Indias main inflation gauge, rose 7.81 percent in Sep,faster than expectations for 7.70 percent, Inflation in diesel shot up to 8.94 per centduring the month, from 0.36 per cent, following government raising prices of the petro-product by over Rs 5 per litre on Sep. manufactured items category was 6.26 per cent.Market participants are cautious as a two-day European Union summit got underwayin Brussels. After the first day of the summit wrapped up, Top leaders in Europeannounced progress in Greece toward meeting its austerity targets but also said thatGreeces institutional lenders were still reviewing the countrys situation. Euro area BoPrepresented a decrease of 176 billion in net liabilities in comparison with the reviseddataforthefirst quarter of2012. 4. MARKET PERFORMANCE NSE GAINERSCOMPANY NAME CURRENT PREV. CLOSE(RS) CANG.(RS) CHAG.(%) Aarvee Denims55.8541.1514.70 35.72 Bhartiya Internatl.87.1565.3021.85 33.46 Pan India Corp.0.400.30 0.10 33.33 TV18 Broadcast 32.4025.05 7.35 29.34 Tulip Telecom44.5035.20 9.30 26.42 NSE LOSERSCOMPANY NAME CURRENT PREV. CLOSE(RS) CANG.(RS) CHAG.(%)Pradip Overseas 51.3576.55-25.20-32.92 Zylog Systems 220.35289.10 -68.75-23.78Plethico Pharma. 213.20260.40 -47.20-18.13 Dhanus Technology1.351.60 -0.25-15.63 Quintegra Solutions1.902.20 -0.30-13.64VOLUME TOPPERSCOMPANY NAME CURRENT PREV. CLOSE(RS)CHAG.(%) Volume in(000s)Unitech 26.45 27.00 -2.0425288.24HDIL102.75 105.55 -2.6514708.64JP Associate93.50 95.05 -1.6314419.56ITC 297.50 291.60 2.02 13483.14 TV18 Broadcast 32.40 31.20 3.85 13474.20 5. SECTORIAL INDICESIndices Country Date Index Net Change Change (%)Hang SengHong Kong19-Oct-2012 21551.76 415.33 1.96 JakartaIndonesia 19-Oct-2012 4331.2519.860.46CompositeNikkei 225 Japan19-Oct-2012 9002.68468.56 5.49KLSEMalaysia19-Oct-2012 1666.3512.990.79CompositeSeoul South Korea19-Oct-2012 1943.8410.580.55CompositeStrait Times Singapore19-Oct-2012 3051.53 9.780.32 UnitedFTSE 10019-Oct-2012 5896.15102.83 1.77Kingdom UnitedNasdaq19-Oct-2012 3005.62-38.49 -1.26 States United DJIA 19-Oct-2012 13343.51 14.660.11 States United S&P 50019-Oct-2012 1433.19 4.600.32 StatesINDIAN EQUITY MARKET INDICESVALUECHANGE % CHANGENIFTY5684.25 8.20 0.14 BANK NIFTY11505.4581.650.71 SENSEX18682.317.13 0.04 6. TECHNICAL VIEWNIFTYWEEKLY PIVOTINDICESR4 R3R2 R1 PS1 S2 S3 S4 NIFTY6043 59255807 5746 5689 5628 5571 5453 5335OUTLOOKTrend: - BullishResistance: - 5820 6000 0,Support: - 5550, 5 5400Strategy: - Buy on DipsNIFTY WEEKLY 7. BANK NIFTYWEEKLY PIVOTSCRIPTR4R3 R2R1 P S1S2S3S4BANK NIFTY 12467 1213911811 11658 11483 11330 11155 10827 10499OUTLOOKTrend: - BullishResistance: - 1175 12000 50,Support: - 11200, 10800,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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