Weekly newsletter equity 30 july2012
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- 1. Weekly Newsletterly Newsletter-Equity 30 July2012JuEQUITY 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 both ended with significant losses this week down 2%. U.S. Unemployment claims came at 353K; New home sales m/m came at 350K. U.S. & Euro markets were almost flat while Asian markets were negative.Indianmarkets had another bad week amid a plethora of quarterly earnings, withFMCG being the only sector that managed to close positive, even as concerns prevailedover the precarious state of the euro-zone and its negative fallout on the globaleconomy. Sensex was down 1.9% and Nifty lost 2% over the week. Technically Nifty isdrifting near its 200DMA & is in correction mode, it may range 4950-5250 this week withprice action most of the time turning into indecision having support at lower levels.Indiais mainly facing lack of revival in southwest monsoon coupled with theGovernments constant dithering over pending reforms also dampened the sentiment.The persistent weakness in the rupee and FII outflows added to the jitters. This weekRBI policy review will be announced, central bank most probably wont tinker with policyrates with inflation (both WPI and CPI) proving to be sticky. Weak monsoon, large twindeficits & depressed domestic fuel prices are other factors that will play on RBIs minds.EuropeanCentral Bank (ECB) will take necessary measures to protect the eurocommon currency, President Mario Draghi said on Thursday. His comments sparked aglobal rally in risky assets amid expectations that the ECB will intervene in markets torein in spiraling borrowing costs. Markets rallied across Europe and US after Draghisaid central bank would do to take necessary steps to protect eurozone from collapse,raising hopes to ease strains for highly indebted member states like Spain and Italy. 4. MARKET PERFORMANCE NSE GAINERSCOMPANY NAMECURRENTPREV. CLOSE(RS) CANG.(RS) CHAG.(%)OMDC41599.5031251.50 10348.00 33.11Ashapura Mine20.10 15.85 4.25 26.81 The United Nilgiri181.00155.00 26.00 16.77Geometric83.75 72.1011.65 16.16 MTNL29.25 25.20 4.05 16.07 NSE LOSERSCOMPANY NAMECURRENTPREV. CLOSE(RS) CANG.(RS) CHAG.(%)Glodyne Tech 219.40364.00 -144.60 -39.73 Gokul Refoils 49.65 81.40-31.75-39.00 Sumeet Inds 12.60 20.00 -7.40-37.00Amar Remedies88.45 140.10 -51.65-36.87Parsvnath Dev37.00 58.00-21.00-36.21VOLUME TOPPERSCOMPANY NAMECURRENTPREV. CLOSE(RS)CHAG.(%) Volume in(000s)Lanco Infratech12.2012.10 0.83 31280.05Pipavav Defence55.7562.25-10.4430308.03 HDIL75.7073.10 3.56 23307.45Reliance Comm54.0556.10 -3.6515507.50Parsvnath Dev37.0046.20-19.9114819.66 5. SECTORIAL INDICESIndices Country DateIndexNet Change Change (%)Hang SengHong Kong 27-Jul-2012 19274.96182.33 0.95 JakartaIndonesia27-Jul-2012 4084.21 64.541.61CompositeNikkei 225 Japan 27-Jul-2012 8566.64-157.48 -1.81KLSEMalaysia 27-Jul-2012 1624.94 -1.44-0.09CompositeSeoul South Korea 27-Jul-2012 1829.16 16.270.90CompositeStrait Times Singapore 27-Jul-2012 2998.492.930.10 UnitedFTSE 100 27-Jul-2012 5627.21 -38.92 -0.69Kingdom UnitedNasdaq 27-Jul-2012 2958.09 49.621.71 States United DJIA27-Jul-2012 13075.66298.57 2.34 States United S&P 500 27-Jul-2012 1362.665.880.43 StatesINDIAN EQUITY MARKET INDICESVALUE CHANGE% CHANGENIFTY5099.85 -105.25 -2.02 BANK NIFTY10206.50-303.45 -2.89 SENSEX16839.19-319.25 -1.86 6. TECHNICAL VIEWNIFTYWEEKLY PIVOTINDICESR4 R3R2 R1 PS1 S2 S3 S4 NIFTY5494 53625230 5165 5098 5033 4966 4834 4702OUTLOOKTrend: - ConsolidateResistance: - 5250 5400 0,Support: - 4950, 4 4800Strategy: - Sell on HighsNIFTY WEEKLY 7. BANK NIFTYWEEKLY PIVOTSCRIPTR4R3 R2R1 P S1 S2 S3 S4BANK NIFTY 11479 1106710655 10430 10243 10018 9831 9419 9007OUTLOOKTrend: - ConsolidateResistance: - 1055 10900550,Support: - 10000, 9700,Strategy: - Sell on Highs 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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