Weekly newsletter equity 03 sep2012

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Weekly New EQUITY AN wsletter-Equity 03 - Se NALYSIS - WEEK ep - 2012 KL Y

Transcript of Weekly newsletter equity 03 sep2012

Page 1: Weekly newsletter equity 03 sep2012

Weekly Newsletter

EQUITY ANALYSIS

ly Newsletter-Equity

03-Sep

EQUITY ANALYSIS - WEEKL

Sep-2012

WEEKLY

Page 2: Weekly newsletter equity 03 sep2012

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 03 sep2012

MARKET WRAP

Nifty and Sensex both lost significantly; down 2.4% -2.9% this week.

U.S. Unemployment claims came at 374K; Core PCE index at 0.0%.

U.S. & Euro markets have been red; with Asian markets too were red.

Indian stocks have broken a four-week winning streak amid growing worries that policy

paralysis will continue due to heightened political tension over controversial CAG report

on coal block allocations. Even if the political temperature cools down a little, chances of

any meaningful reforms are quite dim. Technically this week would be crucial for Nifty

as it is having support at lower levels and is expected to face resistance at higher levels,

this week it may consolidate in range; Nifty may range 5100-5460 this week.

India's economy expanded at a better-than-expected pace in the first quarter of the

current fiscal year, effectively ruling out any further monetary easing by the Reserve

Bank of India (RBI) in the near term. Gross Domestic Product (GDP) grew by 5.5% in

the April to June quarter of 2012 versus expectations of a 5.3% growth. The estimated

growth rates in other economic activities are: 2.9% in ‘Agriculture, Forestry & Fishing’,

0.1% in ‘Mining & Quarrying’, 0.2% in ‘Manufacturing’, 6.3% in ‘Electricity, Gas etc.

US stocks rose after Federal Reserve Chairman Ben Bernanke said the central bank

stood ready to act to bolster the economy, although he stopped short of giving a clear

signal of monetary easing. While the strong global liquidity has lifted the main indices of

late, the trend may not be sustainable in the face of strong and persistent macro-

economic headwinds. Globally, markets will move to the beats of the Jackson Hole

summit, ECB and FOMC policy meetings, a German court’s decision on ESM.

Page 4: Weekly newsletter equity 03 sep2012

MARKET PERFORMANCE

NSE GAINERS

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

Plethico Pharma. 253.00 173.25 79.75 46.03

Pan India Corp. 0.35 0.25 0.10 40.00

Shilpi Cable Tech. 20.60 15.55 5.05 32.48

Horizon Infra 211.35 164.55 46.80 28.44

Sanghi Industries 18.05 14.10 3.95 28.01

NSE LOSERS

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

Net 4 India 65.90 139.70 -73.80 -52.83

Spanco Ltd 32.10 49.95 -17.85 -35.74

Gemini Comm 8.50 12.65 -4.15 -32.81

DCM 129.50 183.50 -54.00 -29.43

Alok Inds 11.85 15.55 -3.70 -23.79

VOLUME TOPPERS

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

(‘000s)

MTNL 37.10 40.30 -7.94 28425.29

Kingfisher Airlines 9.00 8.20 9.76 26442.79

IFCI 25.60 27.20 -5.88 20399.78

HDFC 735.30 726.60 1.20 20084.29

JP Associate 64.55 65.60 -1.60 19012.85

Page 5: Weekly newsletter equity 03 sep2012

SECTORIAL INDICES

Indices Country Date Index Net Change Change (%)

Hang Seng Hong Kong 31-Aug-2012 19482.57 -397.46 -2.00

Jakarta Composite

Indonesia 31-Aug-2012 4060.33 -85.07 -2.05

Nikkei 225 Japan 31-Aug-2012 8839.91 -230.85 -2.54

KLSE Composite

Malaysia 31-Aug-2012 1646.11 -2.11 -0.13

Seoul Composite

South Korea 31-Aug-2012 1905.12 -14.69 -0.77

Strait Times Singapore 31-Aug-2012 3025.46 -25.03 -0.82

FTSE 100 United

Kingdom 31-Aug-2012 5711.48 -65.12 -1.13

Nasdaq United States

31-Aug-2012 3066.96 -2.83 -0.09

DJIA United States

31-Aug-2012 13090.84 -67.13 -0.51

S&P 500 United States

31-Aug-2012 1406.58 -4.55 -0.32

INDIAN EQUITY MARKET

INDICES VALUE CHANGE % CHANGE

NIFTY 5258.50 -128.20 -2.38

BANK NIFTY 10070.70 -296.25 -2.86

SENSEX 17541.64 -241.57 -1.36

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T

WEEKLY PIVOT

INDICES R4 R3

NIFTY 5781 5620 5459

OUTLOOK

Trend: - Consolidate

Resistance: - 5460

Support: - 5100, 4900

Strategy: - Sell on High

TECHNICAL VIEW

NIFTY

R2 R1 P S1 S2

5459 5359 5298 5198 5137

Consolidate

0, 5600

4900

Sell on High

NIFTY WEEKLY

S3 S4

4976 4815

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WEEKLY PIVOT

SCRIPT R4 R3

BANK NIFTY 11359 10951

OUTLOOK

Trend: - Consolidate

Resistance: - 1050

Support: - 9800, 9

Strategy: - Sell on High

BANK NIFTY

R2 R1 P S1 S2

10951 1543 10306 10135 9898 9727

Consolidate

00, 10820

9470

Sell on High

BANK NIFTY WEEKLY

S2 S3 S4

9727 9319 8911

Page 8: Weekly newsletter equity 03 sep2012

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