Stock Market Reports for the Week (13th - 17th December - 2010)
4
RESEARCH PLUNGING CONTINUES: SOME RESPITE ON STRONG IIP NO.'S 18th Oct 2010 to 23rd Oct 2010 China's inflation accelerated to the fastest pace in 28 months in November, building the case for Premier Wen Jiabao to raise interest rates again. Japan's Nikkei 225 Stock Average rose 0.3 percent this week. Gross domestic product grew at an annualized 4.5 percent rate in the three months ended Sept. 30, faster than the 3.9 percent reported last month, the Cabinet Office said Dec . 9. The median forecast of 19 economists surveyed by Bloomberg News was for a 4.1 percent expansion. Hong Kong's Hang Seng Index retreated 0.7 percent. China's Shanghai Composite Index fell less than 0.1 percent. Taiwan's Taiex index rose 1.1 percent and South Korea's Kospi index rose 1.5 percent. University of Michigan preliminary index of consumer sentiment rose to 74.2 from 71.6 at the end of November. A Commerce Department report showed the U.S. trade deficit shrank more than forecast in October to $38.7 billion as growing economies overseas propelled exports to a two-year high. The figure is at odds with Labor Department data last week that showed November unemployment rose to 9.8 percent, the highest since April and close to a 26-year high. The economy gener ated 39,000 jobs after 172,000 a month earlier. The S&P 500 rose 1.3 percent to 1,240.40, extending its 2010 gain to 11 percent. The Dow Jones Industrial Average climbed 28.23 points, or 0.3 percent, to 11,410.32. The Russell 2000 Index of small U.S. companies climbed 2.7 percent to 776.83, the highest level since December 2007. Since reaching a one-year high on June 7, the dollar has fallen 6.6 percent against a trade-weighted basket of currencies. The drop makes American goods cheaper to buyers abroad and will keep spurring manufacturing, which expanded for a 16th consecutive month in November. India's annual industrial output in October grew at its fastest clip in three months, powered by demand for consumer durable goods such as cars, though the data is unlikely to prompt the Reserve Bank to raise interest rates next week. India's food price index rose 8.69%, while the fuel price index climbed 9.99% in the year to November 27, government data on Thursday showed. In the prior week, a nnual food and fuel inflation stood at 8.60% and 9.99%, respectively. The primary articles price index was up 12.66% in the latest week compared with an annual rise of 12.72 % a week e arlier. The wholesale price index, the most widely watched gauge of prices in India, rose 8.58% in October from a year earlier compared with 8.62% in September. High wholesale price index inflation numbers has been a major cause of concern. And, Reserve Bank of India (RBI) governor Duvvuri Subbarao says though inflation is coming down, it is still above its tolerance level and that the economic growth has been encouraging.RBI projects the economy to grow at 8.5% in the fiscal year ending March 2011. Subbarao says the bank would revisit GDP numbers at its quarterly policy in January. The benchmark index of the Bombay Stock Exchange (BSE) Sensex rose 1.4% on Friday , snapping a three-session losing streak, on better-than-expected industrial output growth and bargain buys. The main 30-share BSE index closed 1.39% higher, or 267 points, at 19508.89 points, its best percentage daily gain in a week, with 22 of its components rising. The index, however, ended the week 2.3% lower. The Reserve Bank of India (RBI) expressed concerns over inflation and may further distance itself from its accommodative monetary policy stance to tackle it. The industrial production, which crossed 15 per cent in July, dipped to 6.91 per cent in August and further to 4.4 per cent in S eptember. It again entered the double-digit growth figure of 10.8 per cent in October, up from 10.1 per c ent in the same month a year ago. WEEK WRAP ASIAN & EMERGING MARKET 1 | DECEMBER 2010 | www.capitalvia.com 2 | DECEMBER 2010 | www.capitalvia.com NIFTY WORLD INDICES Shanghai Comp. DOW Jones 19508.89 5857.35 2841.04 11410.32 5813 10211.95 3857.35 Sensex Nifty FTSE Nikkei CAC 40 -458.04 -173.30 -1.39 +28.23 +67.7 +33.63 +106.80 -2.29% -2.92% -0.04% +0.24% +1.17% +0.33% +2.84% Weekly Open Weekly Low Weekly High Weekly Close Weekly Chg% Weekly Chg Points NIFTY Properties 6033.65 5721.15 6069.45 5857.35 -2.92% -173.30 Values Close World Indices Weekly C hg P oints % Chg US MARKET MICRO ECONOMIC FRONT GLOBAL RESEARCH LIMITED W E E K L Y S T O C K S R E P O R T 1 3 t h D e c - 1 8 t h D e c 2 0 1 0
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PLUNGING CONTINUES:SOME RESPITE ON STRONG IIP NO.'S
18th Oct 2010 to 23rd Oct 2010
China's inflation accelerated to the fastest pace in 28 months in November, building the case for Premier Wen Jiabao to raise interest
rates again.
Japan's Nikkei 225 Stock Average rose 0.3 percent this week. Gross domestic product grew at an annualized 4.5 percent rate in the
three months ended Sept. 30, faster than the 3.9 percent reported last month, the Cabinet Office said Dec . 9. The median forecast of 19
economists surveyed by Bloomberg News was for a 4.1 percent expansion.
Hong Kong's Hang Seng Index retreated 0.7 percent. China's Shanghai Composite Index fell less than 0.1 percent. Taiwan's Taiex index
rose 1.1 percent and South Korea's Kospi index rose 1.5 percent.
University of Michigan preliminary index of consumer sentiment rose to 74.2 from 7
Department report showed the U.S. trade deficit shrank more than forecast in Octob
overseas propelled exports to a two-year high.
The figure is at odds with Labor Department data last week that showed Novembe
highest since April and close to a 26-year high. The economy gener ated 39,000 jobs af
The S&P 500 rose 1.3 percent to 1,240.40, extending its 2010 gain to 11 percent. T
28.23 points, or 0.3 percent, to 11,410.32. The Russell 2000 Index of small U.S. com
highest level since December 2007.
Since reaching a one-year high on June 7, the dollar has fallen 6.6 percent against a
drop makes American goods cheaper to buyers abroad and will keep spurring ma
consecutive month in November.
India's annual industrial output in October grew at its fastest clip in three months, p
goods such as cars, though the data is unlikely to prompt the Reserve Bank to raise inte
India's food price index rose 8.69%, while the fuel price index climbed 9.99% in the
Thursday showed. In the prior week, a nnual food and fuel inflation stood at 8.60% an
The primary articles price index was up 12.66% in the latest week compared with an
wholesale price index, the most widely watched gauge of prices in India, rose 8.58%
with 8.62% in September.
High wholesale price index inflation numbers has been a major cause of concern.
Duvvuri Subbarao says though inflation is coming down, it is still above its tolerance le
encouraging.RBI projects the economy to grow at 8.5% in the fiscal year ending Mrevisit GDP numbers at its quarterly policy in January.The benchmark index of the Bombay Stock Exchange (BSE) Sensex rose 1.4% on Friday , snapping a three-session losing streak, on
better-than-expected industrial output growth and bargain buys. The main 30-share BSE index closed 1.39% higher, or 267 points, at
19508.89 points, its best percentage daily gain in a week, with 22 of its components rising. The index, however, ended the week 2.3%
lower.
The Reserve Bank of India (RBI) expressed concerns over inflation and may further distance itself from its accommodative monetary
policy stance to tackle it.
The industrial production, which crossed 15 per cent in July, dipped to 6.91 per cent in August and further to 4.4 per cent in S eptember.
It again entered the double-digit growth figure of 10.8 per cent in October, up from 10.1 per c ent in the same month a year ago.
WEEKWRAP
ASIAN &EMERGINGMARKET
1 | DECEMBER 2010 | www.capitalvia.com
NIFTY WORLD IND
Shanghai Comp.
DOW Jones
19508.89
5857.35
2841.04
11410.32
5813
10211.95
3857.35
Sensex
Nifty
FTSE
Nikkei
CAC 40
Weekly Open
Weekly Low
Weekly High
Weekly Close
Weekly Chg%
Weekly Chg Points
NIFTY Properties
6033.65
5721.15
6069.45
5857.35
-2.92%
-173.30
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
1 3 t h D
e c -1 8 t h D e c
2 0 1 0
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NIFTY FUTURE HAS BEEN SHORT PULL BACK AFTER TAKING SUPPORT OF
5748 LEVEL ,IF MANAGES TO SUSTAIN ABOVE 5960 LEVEL WE CAN SEE
SOME MORE UP MOVE FROM HERE AND IN DOWN SIDE IF IT MANAGES TO
SUSTAIN BELOW 5750 LEVEL WE CAN SEE MORE CORRECTION IN IT . ONE
SHOULD TAKE POSITION AFTER PROPER BREAK OUT IN BOTH THE SIDE
RESISTANCE FOR NIFTY FUTURE IS AT 5980/6038 AND SUPPORT IS AT THE
LEVEL OF 5750/5670.
BANK NIFTY FUTURE SAW SHORT COVERING IN LAST TRADING SESSION
AFTER TAKING SUPPORT OF 11040 LEVELS. IF BANK NIFTY FUTURE
MANAGES TO SUSTAIN ABOVE 11700 LEVEL WE CA N SEE SOME MORE UP
MOVE FROM HERE .ONE SHOULD GO FOR BUYING ABOVE 11700 LEVEL
.RESISTANCE FOR BANK NIFTY IS AT 11700/11860 AND SUPPORT IS AT
11275/11045 LEVELS.
WEEK AHEAD BANK NIFTY
10-Dec-2010 3781.40 4978.50
09-Dec-2010 2493.90 3791.70
08-Dec-2010 3008.90 3428.50
07-Dec-2010 2932.40 2855.40
FII’S INVESTMENTS
-1197.10
-1297.80
-419.70
76.90
09-Dec-2010 32.50 39.40 -7.00
DII’S INVESTMENTS
Indices Buy Value S ell Va lu e Ne t Va lu e Indices Buy Value Sel l Value Net Value
BANK NIFTY
CNX NIFTY JUNIOR
S&P CNX 500
CN XIT
CNX MIDCAP
CNX 100
12525.80
12427.95
4898.20
6870.25
9069.25
5971.70
12610.15
12429.45
4932.65
6957.90
9102.40
6009.35
11470.35
10977.90
4600.70
5799.65
8290.40
5636.40
11763.10
11447
4713.30
6869.10
8511.55
5768.60
Indices Open High Low Close
SECTORIAL INDICES
WEEK AHEAD SPOT NIFTY
R E S E A R C H
SADBHAV ENG
WEIZMANN
PAREKH ALUM
DCM
COM.ENGINEER
26.00
137.95
239.75
70.85
42.60
82.00
1,414.05
508.35
125.55
74.70
-68.29
-90.24
-52.84
-43.57
-42.97
Scrip Current Close Change Chg %
LOSERS
TCI FINANCE
CAROL INFO
46.65
99.50
COREEMBALAGE 35.90
BLUE COA.HOT 228.00
FAME INDIA 82.30
39.70
90.00
33.00
201.30
75.15
17.51
10.56
8.79
13.26
9.51
GAINERS
Scrip Current Close Change Chg %
Su
Su
Re
Re
Pro
Su
Su
Re
Re
Pro
3 | DECEMBER 2010 | www.capitalvia.com
WE E K L Y S T O C K
S R E P O R T
1 3 t h D e c -1 8 t h D e c
2 0 1 0
06-Dec-2010 3217.70 2675.50 542.20
08-Dec-2010 722.60 756.20 -33.60
07-Dec-2010 510.30 889.80 -379.50
06-Dec-2010 676.50 565.10 111.40
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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 letter in CAN SLIM standsfor one of the seven chiefcharacter i s t i cs 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 1.10% of increase in Q o Q Earnings.
KEY STATISTICS
CCurrent Quarter Earning per Share. The Higher The B
Primary Factors
Annual Earnings showed a decline of 56.78% Y o Y.
A
Primary Factors
VIDEOCON INDUSTRIES LTD. is set to break out its after a good consolidation phase.
N
Primary Factors
VIDEOCON INDUSTRIES LTD. is a large cap stockconsisting of approx Rs. 6092 crores SharesOutstanding (Total Public Shareholding)
S Supply and Demand: Shares Outstanding Plus Big VoDemand.
Primary Factors
VIDEOCON INDUSTRIES LTD. is a leading stock with arelative strength 39.73% in Weekly and 41.37% inDaily.
L
Leader or Laggard: Which is your stock?
Primary Factors
Approximately 16.96% of Shares are held by theInstitutional 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 position 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.
TECHNICAL PICTURE
Company Name
52 Week High
% From High
Videocon has seen smart pull back after its recent correction
in last week. The stock is now showing strength and looks
good above 215.50. Level the stock can head towards
225/230 levels whereas support for the stock is seen at 207.
TECHNICALS
Support
Resistance
207
215.50
VideoconIndices
STOCK OF THE WEEK
R E S E A R C H
BUY
Symbol
Change
Volume
Day High
EP S
VIDEOCON INDUSTRIES LTD.
295
-27.97%
VIDEOCON (NSE)
Rs. 13.70
1419956
214.35
20.50
Rs.212.50Price
5 | NOVEMBER 2010 | www.capitalvia.com
WE E K L Y S T O C K
S R E P O R T
1 3 t h D e c -1 8 t h D e c
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VIDEOCON INDUSTRIES LTD.
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