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Weekly Newsletter31/01/2011
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 down 3.25%, Nifty down 185 pts and Sensex down 612 pts.
RBI’s move, repo and reverse repo rate up by 25 BPS, CRR unchanged at 6%.
Global markets ends marginally down post weaker than expected economic data
Indian equity market ended down for third consecutive week taking Nifty below its
crucial 200 DMA and markets into an oversold zone with RSI at 29.6. Nifty saw another
round of selling pressure from FII’s and DII’s shredding 185 pts to end at 5512 while it
tested the crucial support of 5460 and Sensex sliced down 612 pts to end at 18396.
Bank nifty was down 261 pts ending at 10636. In Indexes, realty index was down 9%,
metals were down 5% and healthcare was down 6%.
RBI in its recent credit policy review meet hiked the rates as expected by 25 BPS
taking Repo and reverse repo rate to 6.5 and 5.5 BPS while it has kept CRR unchanged
at 6%. It is not enough to tame the worrying inflation as RBI is expected to hike rates in
next policy meet in March 2011. Food inflation came up at 15.57% vs. 15.52% w/w
while Fuel price index eased to 10.87% vs. 11.53% w/w. SBI Q3 net profit came 14.08%
up at Rs. 2828 Cr. While ICICI bank Q3 net profit came 30.5% up at Rs. 1437 Cr.
Global equity markets ended down marginally post weaker than expected major
economic data. DJIA ended down 48 pts at 11823.7 while S&P shredded 7 pts at 1276.
U.S advance GDP q/q came down at 3.2% vs. 3.5% and unemployment claims came
much higher than expected at 454K vs. 407k. In Euro zone, FTSE and CAC
ended down 15 pts at 5881 and 4002 respectively. DAX managed to end in green, up
40 pts at 7102 post better German consumer climate, up at 5.7 and import prices up at
2.3% vs. 1.3%..
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MARKET PERFORMANCE
NSE GAINERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Info-Drive Software 24.45 18.20 6.25 34.34
Andhra Cements 10.35 8.50 1.85 21.76
TTK Prestige 1798.80 1503.80 295.00 19.62
Atlas Cycles 248.80 212.65 36.15 17.00
TCI Finance 107.35 92.65 14.70 15.87
NSE LOSERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Spectacle Infotek 22.85 47.40 -24.55 -51.79
Jupiter Bioscience 31.00 53.25 -22.25 -41.78
Murli Industries 38.65 62.95 -24.30 -38.60
IVRCL Infra 91.80 126.55 -34.75 -27.46
Ansal Properties 44.05 60.40 -16.35 -27.07
NIFTY - 5 DAYS UP
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) 5 Days Return
(%)
BPCL 632.45 636.70 590.90 7.03
ONGC 1132.90 1113.80 1105.55 2.47
Tata Steel 637.45 650.10 629.55 1.25
Ambuja Cements 127.95 132.15 126.55 1.11
NTPC 191.95 194.80 189.95 1.05
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WORLD INDICES
Indices Country Date Index Net Change Change (%)
Hang Seng Hong Kong 28-Jan-11 23,617.02 -259.84 -1.09
Jakarta Composite
Indonesia 28-Jan-11 3,487.61 108.07 3.20
Nikkei 225 Japan 28-Jan-11 10,360.34 85.82 0.84
KLSE Comp. Malaysia 28-Jan-11 1,521.89 -25.54 -1.65
Straits Times Singapore 28-Jan-11 3,229.69 45.09 1.42
Seoul Comp. South Korea 28-Jan-11 2,107.87 37.95 1.83
FTSE 100 United Kingdom 28-Jan-11 5,881.37 -14.88 -0.25
CAC 40 France 28-Jan-11 4,002.32 -15.13 -0.38
DAX Germany 28-Jan-11 7,102.80 40.38 0.57
Nasdaq United States 29-Jan-11 2,686.89 -2.65 -0.10
DJIA United States 29-Jan-11 11,823.70 -48.14 -0.41
S&P 500 United States 29-Jan-11 1,276.34 -7.01 -0.55
INDIAN EQUITY MARKET
INDICES VALUE CHANGE % CHANGE
NIFTY 5,512.15 -184.35 -3.24
BANK NIFTY 10,636.00 -260.85 -2.39
SENSEX 18,395.97 -611.56 -3.22
TECHNICAL
WEEKLY PIVOT
INDEX R4 R3
NIFTY 6617 6275
OUTLOOK
Trend:- Bearish
Resistance:- 5690
Support:- 5380, 5
Strategy:- Sell on highs
ECHNICAL VIEW
NIFTY
R2 R1 P S1 S2
5933 5723 5591 5381 5249
5690, 5810
5210
Sell on highs
NIFTY WEEKLY
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S3 S4
5249 4907 4565
WEEKLY PIVOT
INDEX R4 R3
BANK NIFTY 13023 12284
OUTLOOK
Trend:- Consolidate
Resistance:- 1112
Support:- 10350, 1
Strategy:- Sell on highs
BANK NIFTY
R2 R1 P S1 S2
12284 11545 11091 10806 10352 10067
Consolidate
20, 11400
, 10071
Sell on highs
BANK NIFTY WEEKLY
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S2 S3 S4
10067 9328 8589
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