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Transcript of 30.08.2010 weekly equity report
Weekly Newsletter30/08/2010
Weekly Newsletter-Equity
Capitalheight.com
Capitalheight.com
www.capitalheight.com
Phone- (0731)4295950
Weekly Newsletter
Contents
Market Wrap
Market Performance
NSE Gainers
NSE Losers
NIFTY 5 Days Up
World Indices
Indian Equity Market
Technical Analysis
Nifty Spot
Bank Nifty Future
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Phone- (0731)4295950
MARKET WRAP
Indian equity markets sliced 2.2% this week with Nifty at 5408 & Sensex at 17998.
Food price inflation eased by 0.3% at 10.05% & fuel price index same at 12.57%.
Global markets down on fear of economy slowdown despite better GDP data.
Indian equity markets sliced down last week gains as Nifty shredded 122 points settling
above 5400 at 5408 while Sensex cut 403 points below psychological level of 18k at
17998. Nifty was bearish throughout the week with marginal gains and is now in range
of 5350 – 5450. It touched weekly high of 5449 and low of 5392.
On the sectoral front, Bankex lost 2% or 278 points, down at 10741. HDFC, ICICI &
Kotak Bank lost 3%-4% while in metals, Hindalco, Sterlite & Sail lost 8%, 4.5% & 3%
respectively.
India’s food price index eased down 0.30% at 10.05% vs.10.35% while Fuel price index
remains unchanged at 12.57% for the year till mid August. With this, RBI sees headline
WPI inflation gauge easing down from 9.97% Govt. has announced stimulus for its
foreign trade policy 09-14, this stimulus will be worth Rs. 1050 Cr. & prospects to
achieve $ 200 billion export in FY11.
Dow Jones & S&P fell for third consecutive week. Dow Jones is down 0.60% still
above 10k at 10150 & S&P down 0.70% at 1064. NASDAQ too gave up 1.2%, down 26
pts at 2153. Dow Futures was sliced 90 points this week but in the end gained 170
points on better prelim GDP data at 1.6% vs. 1.5% & also lower job claims at 473k vs.
500k. European markets also ended positive with CAC at 3500 & DAX at 5950. FTSE
gained marginally up 0.12% or 6 pts at 5201 due to revised GDP q\q at 1.2% vs. 1.1%.
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MARKET PERFORMANCE
NSE GAINERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Pearl Polymers 23.75 17.90 5.85 32.68
MSP Steel 51.45 40.05 11.40 28.46
Ind-Swift Lab 126.65 99.65 27.00 27.09
Camlin 51.90 41.05 10.85 26.43
FDC 105.00 86.05 18.95 22.02
NSE LOSERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Surana Telecom 17.35 52.25 -34.90 -66.79
Ramsarup Ind 68.10 104.95 -36.85 -35.11
Tanla Solutions 23.15 33.80 -10.65 -31.51
HBL Power 22.85 32.20 -9.35 -29.04
REI Agro 19.95 27.85 -7.90 -28.37
NIFTY - 5 DAYS UP
Company Name Current(Rs.) Prev. Close (Rs.) 5 Days ago
(Rs.)
5 Days Return
(%)
BPCL 776.40 763.65 698.70 11.12
ONGC 1318.20 1289.85 1259.05 4.70
Airtel 316.10 321.55 310.30 1.87
NTPC 196.45 198.55 193.25 1.66
Power Grid 104.35 105.45 103.20 1.11
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WORLD INDICES
Indices Country Date Index Net Change Change (%)
Hang Seng Hong Kong 27-Aug-10 20,597.35 -384.47 -1.83
Jakarta Composite
Indonesia 27-Aug-10 3,104.73 -12.99 -0.42
Nikkei 225 Japan 27-Aug-10 8,991.06 -188.32 -2.05
KLSE Composite
Malaysia 27-Aug-10 1,411.05 16.03 1.15
Straits Times
Singapore 27-Aug-10 2,938.74 2.26 0.08
Seoul Composite
South Korea 27-Aug-10 1,729.56 -45.98 -2.59
FTSE 100 United
Kingdom 27-Aug-10 5,201.56 6.28 0.12
Nasdaq United States 28-Aug-10 2,153.63 -26.13 -1.20
DJIA United States 28-Aug-10 10,150.65 -62.97 -0.62
S&P 500 United States 28-Aug-10 1,064.59 -7.10 -0.66
INDIAN EQUITY MARKET
INDICES VALUE CHANGE % CHANGE
NIFTY 5,408.70 -121.95 -2.20
BANK NIFTY 10,741.70 -278.40 -2.53
SENSEX 17,998.41 -403.41 -2.19
TECHNICAL
WEEKLY PIVOT
INDICES R4 R3
NIFTY 5924 5766 5608
OUTLOOK
Trend:- Consolidate
Resistance:- 5550
Support:- 5350, 5
Strategy:- Buy on dips
ECHNICAL VIEW
NIFTY
R2 R1 P S1 S2
5608 5508 5450 5351 5292
Consolidate
5550, 5675
, 5210
Buy on dips
NIFTY WEEKLY
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S3 S4
5134 4977
WEEKLY PIVOT
SCRIPT R4 R3
BANK NIFTY 12068 11662
OUTLOOK
Trend:- Consolidate
Resistance:- 11110
Support:- 10630,
Strategy:- Buy on dips
BANK NIFTY
R2 R1 P S1 S2
11662 11256 10999 10849 10592 10443
Consolidate
11110, 11255
, 10300
Buy on dips
BANK NIFTY WEEKLY
www.capitalheight.com
Phone- (0731)4295950
S2 S3 S4
10443 10037 9630
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Phone- (0731)4295950
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