weekly newsletter equity 30 july2012
TRANSCRIPT
Weekly Newsletter
EQUITY ANALYSIS
ly Newsletter-Equity
30 Ju
EQUITY ANALYSIS - WEEKL
July2012
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 both ended with significant losses this week down 2%.
U.S. Unemployment claims came at 353K; New home sales m/m came at 350K.
U.S. & Euro markets were almost flat while Asian markets were negative.
Indian markets had another bad week amid a plethora of quarterly earnings, with
FMCG being the only sector that managed to close positive, even as concerns prevailed
over the precarious state of the euro-zone and its negative fallout on the global
economy. Sensex was down 1.9% and Nifty lost 2% over the week. Technically Nifty is
drifting near its 200DMA & is in correction mode, it may range 4950-5250 this week with
price action most of the time turning into indecision having support at lower levels.
India is mainly facing lack of revival in southwest monsoon coupled with the
Government’s constant dithering over pending reforms also dampened the sentiment.
The persistent weakness in the rupee and FII outflows added to the jitters. This week
RBI policy review will be announced, central bank most probably won’t tinker with policy
rates with inflation (both WPI and CPI) proving to be sticky. Weak monsoon, large twin
deficits & depressed domestic fuel prices are other factors that will play on RBI’s minds.
European Central Bank (ECB) will take necessary measures to protect the euro
common currency, President Mario Draghi said on Thursday. His comments sparked a
global rally in risky assets amid expectations that the ECB will intervene in markets to
rein in spiraling borrowing costs. Markets rallied across Europe and US after Draghi
said central bank would do to take necessary steps to protect eurozone from collapse,
raising hopes to ease strains for highly indebted member states like Spain and Italy.
MARKET PERFORMANCE
NSE GAINERS
COMPANY NAME CURRENT PREV. CLOSE(RS) CANG.(RS) CHAG.(%)
OMDC 41599.50 31251.50 10348.00 33.11
Ashapura Mine 20.10 15.85 4.25 26.81
The United Nilgiri 181.00 155.00 26.00 16.77
Geometric 83.75 72.10 11.65 16.16
MTNL 29.25 25.20 4.05 16.07
NSE LOSERS
COMPANY NAME CURRENT PREV. CLOSE(RS) CANG.(RS) CHAG.(%)
Glodyne Tech 219.40 364.00 -144.60 -39.73
Gokul Refoils 49.65 81.40 -31.75 -39.00
Sumeet Inds 12.60 20.00 -7.40 -37.00
Amar Remedies 88.45 140.10 -51.65 -36.87
Parsvnath Dev 37.00 58.00 -21.00 -36.21
VOLUME TOPPERS
COMPANY NAME CURRENT PREV. CLOSE(RS) CHAG.(%) Volume in
(‘000s)
Lanco Infratech 12.20 12.10 0.83 31280.05
Pipavav Defence 55.75 62.25 -10.44 30308.03
HDIL 75.70 73.10 3.56 23307.45
Reliance Comm 54.05 56.10 -3.65 15507.50
Parsvnath Dev 37.00 46.20 -19.91 14819.66
SECTORIAL INDICES
Indices Country Date Index Net Change Change (%)
Hang Seng Hong Kong 27-Jul-2012 19274.96 182.33 0.95
Jakarta Composite
Indonesia 27-Jul-2012 4084.21 64.54 1.61
Nikkei 225 Japan 27-Jul-2012 8566.64 -157.48 -1.81
KLSE Composite
Malaysia 27-Jul-2012 1624.94 -1.44 -0.09
Seoul Composite
South Korea 27-Jul-2012 1829.16 16.27 0.90
Strait Times Singapore 27-Jul-2012 2998.49 2.93 0.10
FTSE 100 United
Kingdom 27-Jul-2012 5627.21 -38.92 -0.69
Nasdaq United States
27-Jul-2012 2958.09 49.62 1.71
DJIA United States
27-Jul-2012 13075.66 298.57 2.34
S&P 500 United States
27-Jul-2012 1362.66 5.88 0.43
INDIAN EQUITY MARKET
INDICES VALUE CHANGE % CHANGE
NIFTY 5099.85 -105.25 -2.02
BANK NIFTY 10206.50 -303.45 -2.89
SENSEX 16839.19 -319.25 -1.86
T
WEEKLY PIVOT
INDICES R4 R3
NIFTY 5494 5362 5230
OUTLOOK
Trend: - Consolidate
Resistance: - 5250
Support: - 4950, 4
Strategy: - Sell on Highs
TECHNICAL VIEW
NIFTY
R2 R1 P S1 S2
5230 5165 5098 5033 4966
Consolidate
0, 5400
4800
Sell on Highs
NIFTY WEEKLY
S3 S4
4834 4702
WEEKLY PIVOT
SCRIPT R4 R3
BANK NIFTY 11479 11067
OUTLOOK
Trend: - Consolidate
Resistance: - 1055
Support: - 10000,
Strategy: - Sell on Highs
BANK NIFTY
R2 R1 P S1 S2
11067 10655 10430 10243 10018 9831
Consolidate
550, 10900
, 9700
Sell on Highs
BANK NIFTY WEEKLY
S2 S3 S4
9831 9419 9007
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