Weekly Newsletter-Equity

24-Dec-2012

EQUITY ANALYSIS - 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 closed red; lost 0.54%, 0.39% resp. this week.

Existing Home Sales 5.04M and US Unemployment Claims at 361K.

US & Euro markets were mixed; Asian markets too were also mixed last week.

Indian markets ended down on Friday due to profit booking, this week Sensex and Nifty

were red, slipping marginally around by 0.5% each. Major sectors which were down like

Realty, Oil & Gas. Top looser were HDIL (down 7.6%) Unitech (down 2.1%), Cairn India

(down 3.9%).Technically Nifty may expected to drop from this point or a short term

range bound movement this week; Nifty this week may range 6100-5630.

It's been an eventful week outside the market this week. The Reserve bank of India in

its mid-quarter review of monetary policy kept policy rates unchanged on Tuesday. The

cash reserve ratio of scheduled banks unchanged at 4.25 per cent of their net demand

and time liabilities; and keep the policy repo rate under the liquidity adjustment facility

unchanged at 8.0 per cent and the Bank Rate at 9.0 per cent. On the political front

Narendra Modi has won the Gujarat assembly elections for the third time in a row.

The S&P 500 has positive this week’s on Thursday after a Republican proposal for

averting the "fiscal cliff" failed to pass, dissipating hopes that a deal would be reached

soon in Washington. The major indices showed this week a consolidate trend, with the

Dow jones raised nearly by 1.07 percent, and the Nasdaq Composite Index gained

58.23 pts or 1.95 percent to end at 3050.39.The rupee has depreciated from 54.04 to

55.15. The Euro & GBP crosses with Indian rupee today has tested an all time high of

73.05 & 89.70 resp.IMF for an additional aid of 31.1bn euro’s with conditions attached.

MARKET PERFORMANCE

NSE GAINERS

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

Polar Industries 6.20 3.30 2.90 87.88

Ganesh Housing Co. 122.45 82.55 39.90 48.33

TVS Electronics 20.75 15.70 5.05 32.17

Eurotex Inds.&Exp. 21.20 16.60 4.60 27.71

Sujana Universal 2.10 1.65 0.45 27.27

NSE LOSERS

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

GTL Infrastructure 4.05 5.60 -1.55 -27.68

Taksheel Solutions 9.25 12.45 -3.20 -25.70

Assam Company In. 6.00 7.35 -1.35 -18.37

Bilpower 14.80 17.90 -3.10 -17.32

JIK Industries 3.15 3.80 -0.65 -17.11

VOLUME TOPPERS

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

(‘000s)

Unitech 32.65 34.10 -4.25 5439.58

Suzlon Energy 18.25 18.60 -1.88 3326.81

HDIL 106.95 113.35 -5.65 3276.18

Reliance Power 91.70 96.00 -4.48 3191.41

Reliance Comm 72.55 74.45 -2.55 2146.66

SECTORIAL INDICES

Indices Country Date Index Net Change Change (%)

Hang Seng Hong Kong 24-Dec-2012 22659.78 214.20 0.95

Jakarta Composite

Indonesia 24-Dec-2012 4254.82 -65.37 -1.51

Nikkei 225 Japan 24-Dec-2012 10039.33 296.60 3.04

KLSE Composite

Malaysia 24-Dec-2012 1658.85 6.10 0.37

Seoul Composite

South Korea 24-Dec-2012 1976.09 -26.68 -1.33

Strait Times Singapore 24-Dec-2012 3163.56 -4.87 -0.15

FTSE 100 United

Kingdom 24-Dec-2012 5958.30 28.70 0.48

Nasdaq United States

24-Dec-2012 3050.39 58.23 1.95

DJIA United States

24-Dec-2012 13311.72 141.00 1.07

S&P 500 United States

24-Dec-2012 1443.69 24.24 1.71

INDIAN EQUITY MARKET

INDICES VALUE CHANGE % CHANGE

NIFTY 5847.70 -31.90 -0.54

BANK NIFTY 12347.35 -182.65 -1.46

SENSEX 19242.00 -75.25 -0.39

TECHNICAL VIEW

NIFTY

WEEKLY PIVOT

INDICES R4 R3 R2 R1 P S1 S2 S3 S4

NIFTY 6219 6103 5986 5917 5870 5801 5754 5638 5521

OUTLOOK

Trend: -Consolidate

Resistance: - 6000, 6100

Support: -5730, 5630

Strategy: - Sell On High

NIFTY WEEKLY

BANK NIFTY

WEEKLY PIVOT

SCRIPT R4 R3 R2 R1 P S1 S2 S3 S4

BANK NIFTY 13516 13146 12776 12562 12406 12192 12036 11666 11296

OUTLOOK

Trend:- Consolidate

Resistance: - 12850, 13320

Support: - 12000, 11600

Strategy: - Sell On High

BANK NIFTY WEEKLY

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