WEEKLY NEWSLETTER-EQUITY 22Oct

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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 22Oct

  • Weekly Newsletter

    EQUITY ANALYSIS

    ly Newsletter-Equity

    22-Oct

    EQUITY ANALYSIS - WEEKL

    Oct-2012

    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 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 days 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 & RBIs 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.

    Indias core inflation index was estimated to have risen 5.56 percent in September from a year earlier, unchanged compared with the estimated 5.56 percent gain in Aug. The headline wholesale price index, India's 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 cent during 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 underway in Brussels. After the first day of the summit wrapped up, Top leaders in Europe announced progress in Greece toward meeting its austerity targets but also said that Greeces institutional lenders were still reviewing the countrys situation. Euro area BoP represented a decrease of 176 billion in net liabilities in comparison with the revised data for the first quarter of 2012.

  • MARKET PERFORMANCE

    NSE GAINERS

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

    Aarvee Denims 55.85 41.15 14.70 35.72

    Bhartiya Internatl. 87.15 65.30 21.85 33.46

    Pan India Corp. 0.40 0.30 0.10 33.33

    TV18 Broadcast 32.40 25.05 7.35 29.34

    Tulip Telecom 44.50 35.20 9.30 26.42

    NSE LOSERS

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

    Pradip Overseas 51.35 76.55 -25.20 -32.92

    Zylog Systems 220.35 289.10 -68.75 -23.78

    Plethico Pharma. 213.20 260.40 -47.20 -18.13

    Dhanus Technology 1.35 1.60 -0.25 -15.63

    Quintegra Solutions 1.90 2.20 -0.30 -13.64

    VOLUME TOPPERS

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

    (000s)

    Unitech 26.45 27.00 -2.04 25288.24

    HDIL 102.75 105.55 -2.65 14708.64

    JP Associate 93.50 95.05 -1.63 14419.56

    ITC 297.50 291.60 2.02 13483.14

    TV18 Broadcast 32.40 31.20 3.85 13474.20

  • SECTORIAL INDICES

    Indices Country Date Index Net Change Change (%)

    Hang Seng Hong Kong 19-Oct-2012 21551.76 415.33 1.96 Jakarta

    Composite Indonesia 19-Oct-2012 4331.25 19.86 0.46

    Nikkei 225 Japan 19-Oct-2012 9002.68 468.56 5.49

    KLSE Composite Malaysia 19-Oct-2012 1666.35 12.99 0.79

    Seoul Composite South Korea 19-Oct-2012 1943.84 10.58 0.55

    Strait Times Singapore 19-Oct-2012 3051.53 9.78 0.32

    FTSE 100 United Kingdom 19-Oct-2012 5896.15 102.83 1.77

    Nasdaq United States 19-Oct-2012 3005.62 -38.49 -1.26

    DJIA United States 19-Oct-2012 13343.51 14.66 0.11

    S&P 500 United States 19-Oct-2012 1433.19 4.60 0.32

    INDIAN EQUITY MARKET

    INDICES VALUE CHANGE % CHANGE

    NIFTY 5684.25 8.20 0.14

    BANK NIFTY 11505.45 81.65 0.71

    SENSEX 18682.31 7.13 0.04

  • T

    WEEKLY PIVOT

    INDICES R4 R3

    NIFTY 6043 5925 5807

    OUTLOOK

    Trend: - Bullish

    Resistance: - 5820

    Support: - 5550, 5

    Strategy: - Buy on Dips

    TECHNICAL VIEW NIFTY

    R2 R1 P S1 S2

    5807 5746 5689 5628 5571

    0, 6000

    5400

    Buy on Dips

    NIFTY WEEKLY

    S3 S4

    5453 5335

  • WEEKLY PIVOT

    SCRIPT R4 R3

    BANK NIFTY 12467 12139

    OUTLOOK

    Trend: - Bullish

    Resistance: - 1175

    Support: - 11200,

    Strategy: - Buy on dips

    BANK NIFTY

    R2 R1 P S1 S2

    12139 11811 11658 11483 11330 11155

    50, 12000

    , 10800

    Buy on dips

    BANK NIFTY WEEKLY

    S2 S3 S4

    11155 10827 10499

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