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Weekly Newsletter14/02/2011
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 markets ended in red for 3rd consecutive week, Nifty slips below 5200 level.
Dec IIP at 1.60% vs. 2.7%; capital goods came in red at (-) 13.7% vs. 42.9% y/y.
U.S and European markets ends positive, Asian markets post biggest weekly fall.
Indian equity market ended down for third consecutive week dragging Nifty below 5200
to make a new 8-month low of 5177.7. Nifty ended down 1.6% or 85.75 pts but
managed to end above 5300 at 5310 on short covering while Sensex sliced down 280
pts to end at 17728. Bank nifty ended in green adding just 40 pts to settle at 10463.
Metal shares were down 5-6% while R Comm, R-infra and Hindalco fell 10-15% while
Unitech tanked 20%. In Midcaps, Parsvanath fell 37% & Punj Lloyd fell 20%.
India’s December IIP came in line with expectations as it slipped to 1.60% vs. 2.7% w/w
signaling economic slowdown. Manufacturing sector grew at 1% vs. 19.6%, mining
sector at 3.8% vs. 11.1%, consumer non durable at (-) 1.1% 3% and capital goods at (-)
13.7% vs. 42.9% y/y. Food price inflation came down at 13.07% vs. 17.05% while fuel
price index was unchanged at 11.61%. The primary articles price index was up 16.24%
in the latest week, compared with an annual rise of 18.44% a week earlier.
American and European markets ended positive on number of positive economic data
and economic stability in Egypt. Dow Jones added 181 pts to end at 12273 while S&P
added 18.3 pts to settle at 1329, up 1.4%. U.S jobless claims came down at 383K vs.
411K while Fed budget balance came at (-) 49.8B vs. (-) 78.1B. In Euro zone, DAX
surged to 7370, up 2.1%, FTSE up 1.1% & CAC gained 1.4% on better GBP PPI o/p
m/m and German WPI & CPI m/m data. Asian markets ended down with Hangseng
down 4.5%, Jakarta Comp. down 3% and Straits Times ended down 4.1%.
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MARKET PERFORMANCE
NSE GAINERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Gitanjali Gems 226.05 199.50 26.55 13.31
Page Industries 1517.40 1349.00 168.40 12.48
Vinyl Chemicals 12.00 10.70 1.30 12.15
TVS Srichakra 269.50 243.00 26.50 10.91
Oswal Chemicals 34.20 31.05 3.15 10.14
NSE LOSERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Parsvnath Developers 26.25 55.20 -28.95 -52.45
Murli Industries 28.80 51.85 -23.05 -44.46
Spectacle Infotek 15.35 27.15 -11.80 -43.46
Jupiter Bioscience 20.40 35.20 -14.80 -42.05
IVRCL Infra 66.40 114.35 -47.95 -41.93
NIFTY - 5 DAYS UP
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) 5 Days Return
(%)
Kotak Bank 378.10 363.00 359.75 5.10
DLF 247.65 245.90 237.10 4.45
HDFC 623.15 595.85 604.15 3.14
Bajaj Auto 1255.90 1209.90 1226.80 2.37
HDFC Bank 2059.30 2015.85 2017.75 2.06
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WORLD INDICES
Indices Country Date Index Net Change Change (%)
Hang Seng Hong Kong 11-Feb-11 22,828.92 -1,080.04 -4.52
Jakarta Composite
Indonesia 11-Feb-11 3,391.77 -104.40 -2.99
Nikkei 225 Japan 11-Feb-11 10,605.65 62.13 0.59
KLSE Comp. Malaysia 11-Feb-11 1,494.52 -37.30 -2.44
Straits Times Singapore 11-Feb-11 3,077.27 -133.85 -4.17
Seoul Comp. South Korea 11-Feb-11 1,977.19 -94.84 -4.58
FTSE 100 United Kingdom 11-Feb-11 6,062.90 65.52 1.09
CAC 40 France 11-Feb-11 4,101.31 54.10 1.34
DAX Germany 11-Feb-11 7,371.20 154.99 2.15
Nasdaq United States 12-Feb-11 2,809.44 40.14 1.45
DJIA United States 12-Feb-11 12,273.26 181.11 1.50
S&P 500 United States 12-Feb-11 1,329.15 18.28 1.39
INDIAN EQUITY MARKET
INDICES VALUE CHANGE % CHANGE
NIFTY 5,310.00 -85.75 -1.59
BANK NIFTY 10,462.75 39.95 0.38
SENSEX 17,728.61 -279.54 -1.55
TECHNICAL
WEEKLY PIVOT
INDEX R4 R3
NIFTY 6090 5830
OUTLOOK
Trend:- Consolidate
Resistance:- 5440
Support:- 5240, 5
Strategy:- Sell on highs
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ECHNICAL VIEW
NIFTY
R2 R1 P S1 S2
5570 5440 5310 5180 5050
Consolidate
440, 5550
5170
Sell on highs
NIFTY WEEKLY
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S3 S4
5050 4790 4530
WEEKLY PIVOT
INDEX R4 R3
BANK NIFTY 11087 11317
OUTLOOK
Trend:- Consolidate
Resistance:- 10650
Support:- 10170,
Strategy:- Sell on highs
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BANK NIFTY
R2 R1 P S1 S2
11317 10827 10643 10337 10153 9847
Consolidate
650, 10960
, 10030
Sell on highs
BANK NIFTY WEEKLY
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S2 S3 S4
9847 9357 8867
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