equity reports for the week (1st - 5th november - 2010)

8/8/2019 Equity Reports for the Week (1st - 5th November - 2010)

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M ARKETS TURN -TOOK SUPPORT AT LOWER LEVELS

18th Oct 2010 to 23rd Oct 2010

Japan's Nikkei average fell 1.8 percent to a seven-week closing low on Friday as disappointing

earnings hit shares of companies such as Sharp (6753.T); with downward momentum accelerating after the index breached a key

technical support level.

Data from China showed the world's f astest growing major economy touched the brakes in the third quarter. Annual GDPgrowtheased to 9.6 percent f rom 10.3 percent in the second quarter. Inflation ticked higher and overall the data was broadly in line withexpectations.

Asian stocks fell for a second week, paring the benchmark index's second consecutive monthly gain, on concern earnings growth will

slow and p ossible asset pur chases by the Federal Reserve may disappoint in vestors.The MSCI Asia Pacific Index fell 0. 4 percent th is week to 129. 36, extendin g last week' s 0.9 percent drop. The gauge rose 2.4 percent inOctober, it s second consecutive gain since Federal Reserve Chairman Ben S. Bernanke on Aug. 27 said more securities purchases may bewarranted if U.S. growth slows

U.S. stocks ended on a flat note on Friday, wrapping up another strong month driven

flood the economy wit h cash next w eek.

Stocks and commodities rose in October, Treasuries fell for the first time since March

against the yen as investors bet the Federal Reserve will act to boost growth and corpor

Treasury 30-year bond yields climbed the most in 10 months in October as U.S.

purchases by the Federal Reserve will reignite inflation.

For the mont h of October, though, it was a solid upswing, with the S&P500 gaining

percent and t he NASDAQ jumped 5.9 percent, U.S. economic growth edged up as prto chip away at high unemployment or change expectations of more monetary easing

Inflat ion remained low wit h the third quarter personal consumptio n expenditure (P

since 1962, reinforcing expectations that policymakers will try to reflate the econo

quarter core PCEindex, an inflati on index favored by the Federal Reserve, argued fo

reflate the economy.

Indian federal bond yields and overnight indexed swaps eased on Friday after soft infdata on Thursday weakened t he case for a rate hike at Tuesday's review.

The benchmark 10-year bond yield closed down 3 basis points at 8.11 percent afterintra-day.

The Indian rupee snapped a three-day losing streak on Friday buoyed by a late rise ihopes for more f oreign fund inf lows, but broad dollar strength capped further gainclosed at 44.43/44 per dollar, 0.2 percent stronger t han its 44.52/53 previous close. It

Annual food price inflation eased to 15.53% in early October but remains stubborn

incomes increase.

The finance ministry has agreed to give an additional cash subsidy of 30 billion rupeeselling fuel at government-set cheaper rates, the oil secretary said on Saturday.

Indian equities bounced back on Friday snapping earlier losses. The Sensex ended the choppy session on a higher note as it witnessed asharp recovery aided by ICICI scrip which came out with stellar result. Finally, the index closed on a buoyant note after hitting a high of20,080.33. Banking and FMCG stocks were in the forefront, whereas metal, realty and power lost ground.

Total t raded tur nover on exchanges stood at Rs 1, 40, 478, 28 cror e. This included Rs 16,710.25 crore from NSE cash segment, Rs1,18,781.91 crore from NSEF&O and the rest of Rs 4,986.12 crore from BSEcash segment.

WEEKWRAP

ASIAN &EMERGINGMARKET

1 | NOVEMBER 2010 | www.capitalvia.com

NIFTY WORLD IND

Shanghai Comp.

DOW Jones

20032.34

6101.25

2978.83

11118.49

5675.16

9202.46

3833.50

Sensex

Nifty

FTSE

Nikkei

CAC 40

Weekly Open

Weekly Low

Weekly High

Weekly Close

Weekly Chg%

Weekly Chg Points

NIFTY Properti es

6101.25

5937.10

6151.30

6017.70

-83.55

-1.36%

Values CloseWorld Indices We

USMARKET

MICROECONOMIC

FRONT

GLOBAL RESEARCH LIMITED

WE E K L Y S T O C K

S R E P O R T

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Nifty Future bounce back after taking support of 5965 level and

close above psychological level of 6000.if it m anages this level we

can see some up move in short near term up side resistance for nifty

future is 6100/6140 and support for nifty future 6005/5966. One

should go for long position in nifty f uture above 6100.

Bank nifty witnessing sharp recovery after good result of icici bank

and closed near to its good resistance level , w e can see some more

recovery in coming trading session resistance for bank nifty is

12500/12635 and support is 12215/12005

WEEK AHEAD BANK NIFTY

SOFT PROSYSTE

ABG SHIPYARD

349.90

470.75

UNIPHOSENT 46.80

AVT NATURAL 139.90

VIJAYES.TEXT 35.25

224.70

325.10

34.75

94.20

25.90

55.71

44.80

34.67

48.51

36.10

GAINERS

BEDMUTHA IND

TRF

BHARAT GEAR

SASKEN COMMU

TULSI EXTRUS

661.65

174.10

71.00

188.85

66.70

860.90

278.40

88.10

229.15

78.75

-23.14

-37.46

-19.40

-17.58

-15.30

29-Oct-2010 5503.90 6061.70

28-Oct-2010 2774.50 2676.80

27-Oct-2010 3178.60 2479.90

26-Oct-2010 3080.40 1942.20

25-Oct-2010 3878.80 2499.80

FII’SINVESTMENTS

-557.70

97.70

698.70

1138.20

1379.00

Scrip Current Close Change Chg %

LOSERS

Scrip Current Close Change Chg %

28-Oct-2010

27-Oct-2010

26-Oct-2010

25-Oct-2010

1,001.10

483.30

484.20

846.30

1,081.50

859.50

828.10

751.30

-80.40

-376.10

-343.90

95.10

DII’SINVESTMENTS

Indices Buy Value Se ll Va lu e Ne t Va lu e Indices Buy Value Sell Va lue N et Va lue

BANK NIFTY

CNX NIFTY JUNIOR

S&PCNX 500

CN XIT

CNX MIDCAP

CNX 100

13221.15

12423.35

5038.00

6785.70

9486.10

6080.45

13277.50

12580.50

5077.60

6827.10

9558.60

6128.70

13030.00

12330.75

12880.15

11955.55

4915.10

6554.40

9254.80

5922.85

4972.95

6613.55

9360.70

5999.35

Indices Open High Low Close

SECTORIAL INDICES

WEEK AHEAD SPOT NIFTY

R E S E A R C H

Su

Su

Re

Re

Pr

Su

Su

Re

Re

Pr



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W

H Y

C A N

S L I M

?

“ CAN SLIM is a formulacreated by William J. O'Neil,who is the founder of theInvestor's Business Daily andauthor of the book How toMake Money in Stocks - AWinning System in GoodTimes or Bad.

Each lett er in CAN SLIM standsfor one of the seven chiefcharacterist ics that are

commonly found in thegreatest winning stocks. TheC-A-N-S-L-I-M .

characteristics are oftenpresent prior to a stock makinga significant rise in price, andmaking huge profits for theshareholders!

O'Neil explains how heconducted an intensive studyof 500 of the biggest winnersin the stock market from 1953to 1990. A model of each ofthese companies was built andstudied. Again and again, itwas noticed that almost all of

the biggest stock marketwinners had very similarcharacteristics just before theybegan their big moves.”

Primary Factors

Almost 0.91 % decline in Q o Q Earnings.

KEY STATISTICS

CCurrent Quarter Earning per Share. The Higher The

Primary Factors

Annual Earnings showed an increase of 38.27% Y o Y.A

Primary Factors

AXISBANK LTD. is expected to t ake an up rally aft ertaking a good support.

N

Primary Factors

AXISBANK LTD. is a large cap stock consisting of Rs.59729 crores Shares Outstanding (Total PublicShareholding)

S Supply and Demand: Shares Outstanding Plus Big VoDemand.

Primary Factors

AXISBANK LTD. is a leading stock w ith a relativestrength above 61.24% in Weekly and 46.32% inDaily.

LLeader or Laggard: Which is your stock?

Primary Factors

Approximately 46.83% of Shares are held by theInstituti onal Investors (FII” s, Mutual Funds etc.)

IInstitutional Sponsorship: Follow the Leaders.

Primary Factors

If Market continues to remain in a secular uptrend,hence overall conditions are appropriate to initiatelong positio n in the stock: A Big plus for the Stock

M

Market Direction

Annual Earnings Increases: Look for a significant gro

New Products, New Management, New Highs, BuyinRight Time.

A X I S B A N K

TECHNICAL PICTURE

Company Name

52 Week High

% From High

Axis bank from the past few sessions has been in

continuous downtrend. The stock has declined from

its 1600 levels and now has taken supports at lower

range of around 1430. The stock has immediate

resistance at 1480; sustenance of the stock above thislevel can take it to 1495/1523/1550, support for the

stock exists at 1459. Thus, one can go long in t he stock

above 1475 for tgt of 1495/1523/1550 wit h stop loss

of 1459.

TECHNICALS

Suppo rt

Resistan ce

1475

1459

AXIS BANKIndices

STOCK OF THE WEEK

R E S E A R C H

BUY

Symbol

Change

Volume

Day High

EPS

AXIS BANK LTD.

1608.50

-8.61%

AXISBANK ( NSE)

Rs. 25.20

209283

1483

70.79

Rs.1470Price



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