Weekly newsletter equity 01 oct2012

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Weekly New EQUITY AN wsletter-Equity 01 - Oc NALYSIS - WEEK ct - 2012 KL Y

Transcript of Weekly newsletter equity 01 oct2012

Page 1: Weekly newsletter equity 01 oct2012

Weekly Newsletter

EQUITY ANALYSIS

ly Newsletter-Equity

01-Oct

EQUITY ANALYSIS - WEEKL

Oct-2012

WEEKLY

Page 2: Weekly newsletter equity 01 oct2012

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

Page 3: Weekly newsletter equity 01 oct2012

MARKET WRAP

Nifty and Sensex gains marginally; up 0.2% to 0.1% this week.

U.S. Unemployment claims came at 359K; Pending home sales m/m at (-) 2.6%.

U.S. & Euro market were red; Asian markets too were in losses this week.

Indian equity indices managed to extend the current winning streak, belying

expectations of some softening, as FII inflows continued unabated. The Government too

carried forward its reforms agenda by announcing relief package for the debt-ridden

power sector; the rupee rose versus the US dollar to touch a five-month high, while the

stock indices hit 16-month highs. Technically Nifty this week may consolidate although it

is in bull run and may continue the bull run; Nifty this week may range 5530-5880.

India will borrow Rs 2 lakh crore through bonds in the second half of the current fiscal

year, in line with the budget estimate this year. Government has stuck to its FY13

market borrowing programme for second half of the ongoing fiscal year and ruled out

additional borrowings during the remainder of FY13. Economists are still skeptical that

the Government will be able to meet its fiscal deficit forecast of 5.1% of GDP for FY13.

Already, the Government's subsidy burden is running higher than budget estimates.

U.S markets closed its best third quarter since 2010 after a wave of central bank

actions sparked a dramatic reversal in equity markets, but signs of weakness in the

economy drove stocks lower , Traders expect October to give the markets a scare,

starting with news on the economy and jobs in the week ahead. Japanese

manufacturers released with the production data showed that companies expect output

to fall 2.9% in September before flattening in October.

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MARKET PERFORMANCE

NSE GAINERS

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

Pioneer Distilleries 38.70 27.10 11.60 42.80

Birla Corporation 282.45 210.25 72.20 34.34

ARSS Infra Project 60.00 45.15 14.85 32.89

Vardhman Polytex 82.20 62.30 19.90 31.94

Mukand Engineers 32.45 24.70 7.75 31.38

NSE LOSERS

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

Kilitch Drugs(India) 41.50 70.90 -29.40 -41.47

20 Microns 111.40 136.50 -25.10 -18.39

MTNL 32.35 38.05 -5.70 -14.98

Tulip Telecom 45.60 53.25 -7.65 -14.37

Pan India Corp. 0.30 0.35 -0.05 -14.29

VOLUME TOPPERS

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

(‘000s)

JP Associate 82.25 80.55 2.11 15926.45

Tata Motors 267.55 259.80 2.98 11540.21

Hindalco 120.70 116.50 3.61 10678.47

DLF 233.25 236.40 -1.33 9687.17

ITC 272.40 266.95 2.04 9445.97

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SECTORIAL INDICES

Indices Country Date Index Net Change Change (%)

Hang Seng Hong Kong 28-Sep-2012 20840.38 105.44 0.51

Jakarta Composite

Indonesia 28-Sep-2012 4262.56 17.94 0.42

Nikkei 225 Japan 28-Sep-2012 8870.16 -239.84 -2.63

KLSE Composite

Malaysia 28-Sep-2012 1636.66 12.96 0.80

Seoul Composite

South Korea 28-Sep-2012 1996.21 -6.16 -0.31

Strait Times Singapore 28-Sep-2012 3060.34 -17.89 -0.58

FTSE 100 United

Kingdom 28-Sep-2012 5742.07 -110.55 -1.89

Nasdaq United States

28-Sep-2012 3116.23 -63.73 -2.00

DJIA United States

28-Sep-2012 13437.13 -142.34 -1.05

S&P 500 United States

28-Sep-2012 1440.67 -19.48 -1.33

INDIAN EQUITY MARKET

INDICES VALUE CHANGE % CHANGE

NIFTY 5703.30 12.15 0.21

BANK NIFTY 11513.75 118.35 1.04

SENSEX 18762.74 9.91 0.05

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T

WEEKLY PIVOT

INDICES R4 R3

NIFTY 5983 5886 5789

OUTLOOK

Trend: - Bullish

Resistance: - 5880

Support: - 5530, 5

Strategy: - Buy on Dips

TECHNICAL VIEW

NIFTY

R2 R1 P S1 S2

5789 5746 5692 5649 5595

0, 6080

5320

Buy on Dips

NIFTY WEEKLY

S3 S4

5498 5401

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WEEKLY PIVOT

SCRIPT R4 R3

BANK NIFTY 12299 12026

OUTLOOK

Trend: - Bullish

Resistance: - 1175

Support: - 11100,

Strategy: - Buy on dips

BANK NIFTY

R2 R1 P S1 S2

12026 11753 11633 11480 11360 11207

50, 12200

, 10700

Buy on dips

BANK NIFTY WEEKLY

S2 S3 S4

11207 10934 10661

Page 8: Weekly newsletter equity 01 oct2012

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