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Transcript of Stock Tips | Free Stock Tips | Commodity Tips
Weekly Newsletter17/01/2011
Weekly Newsletter-Equity
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Capitalheight.com
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Phone- (0731)4295950
Weekly Newsletter
Contents
Market Wrap
Market Performance
NSE Gainers
NSE Losers
NIFTY Five Days Up
World Indices
Indian Equity Market
Technical Analysis
Nifty Spot
Bank Nifty Future
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MARKET WRAP
Indian market slaughtered for second consecutive week, Nifty slips below 5700.
Dec WPI inflation came up at 8.43 vs. 7.48%, food price inflation up at 16.91%.
Global markets ends up; Asian markets down post China’s monetary tightening.
Indian equity market ended down in red for second consecutive week despite positive
global cues as investor’s jitters over weaker IIP data, rising inflation and RBI’s expected
monetary tightening. Nifty slipped below 5700 and tanked 250 pts to end at 5654.55
while Sensex shredded 831 pts to end below 19k at 18860.44. Bank nifty
future was worst hit; shredding 610 pts or 5.52% to end below 10k at 10439.55.
Nifty junior, CNX midcap, Metals and Realty space were down 3% - 7%.
India’s Dec WPI inflation came up at 8.43% vs. 7.48% m/m while Food price inflation
accelerated to 16.91% y/y and fuel price inflation jumped to 11.53%. Nov IIP data came
down at 2.7% vs. 11.3% m/m, at its 18 month low while consumer goods saw a de-
growth of (-) 3.1 vs. 10.1% y/y. It is expected to see a rate hike in RBI’s monetary
review meet on Jan 25. In quarterly results, IT space bellwether, Infosys posted its Q3
results which lagged estimates, up just 2.5% at Rs. 1780 Cr. vs. Rs. 1737 Cr.
Global equity markets ended in green post stronger quarterly earnings of JP Morgan
and steady rise in U.S retail sales while CPI was unchanged signaling modest recovery
on the track with little price pressures. Dow Jones ended up 112 pts at 11787 while S&P
rose 1.7% or 21.7 pts to end at 1294. Euro zone edged up with CAC up 3% or 117.7 pts
at 3984, DAX up 1.84% or 127 pts at 7075.7 while FTSE gained 17 pts to end at 6002.
Asian markets ended down post China’s monetary tightening raising bank reserve rates
to tighten credit in the economy.
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MARKET PERFORMANCE
NSE GAINERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Tata Coffee 557.50 457.10 100.40 21.96
TCI Finance 72.50 59.55 12.95 21.75
PVP Ventures 13.90 12.05 1.85 15.35
Tamil Nadu Petro 19.70 17.15 2.55 14.87
Harrisons Malayalam 89.25 77.95 11.30 14.50
NSE LOSERS
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) Change (%)
Spectacle Infotek 24.55 71.25 -46.70 -65.54
Jupiter Bioscience 33.90 61.55 -27.65 -44.92
Money Matters 103.20 177.25 -74.05 -41.78
PTL Enterprises 23.70 33.20 -9.50 -28.61
Murli Industries 46.45 63.30 -16.85 -26.62
NIFTY - 5 DAYS UP
Company Name Current(Rs.) Prev. Close (Rs.) Change (Rs.) 5 Days Return
(%)
Suzlon Energy 52.35 52.70 51.05 2.55
Bharti Airtel 343.75 346.65 338.50 1.55
HCL Tech 470.60 464.75 465.25 1.15
Sterlite Ind 177.40 183.10 176.15 0.71
ACC 1003.90 1038.10 1002.30 0.16
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WORLD INDICES
Indices Country Date Index Net Change Change (%)
Hang Seng Hong Kong 14-Jan-11 24,283.23 596.60 2.52
Jakarta Composite
Indonesia 14-Jan-11 3,569.14 -62.31 -1.72
Nikkei 225 Japan 14-Jan-11 10,499.04 -42.00 -0.40
KLSE Comp. Malaysia 14-Jan-11 1,569.89 -2.32 -0.15
Straits Times Singapore 14-Jan-11 3,245.96 -15.39 -0.47
Seoul Comp. South Korea 14-Jan-11 2,108.17 21.97 1.05
FTSE 100 United Kingdom 14-Jan-11 6,002.07 17.74 0.30
CAC 40 France 14-Jan-11 3983.28 117.70 3.04
DAX Germany 14-Jan-11 7075.70 127.86 1.84
Nasdaq United States 15-Jan-11 2,755.30 52.13 1.93
DJIA United States 15-Jan-11 11,787.38 112.62 0.96
S&P 500 United States 15-Jan-11 1,293.24 21.74 1.71
INDIAN EQUITY MARKET
INDICES VALUE CHANGE % CHANGE
NIFTY 5,654.55 -250.05 -4.23
BANK NIFTY 10,439.55 -610.45 -5.52
SENSEX 18,860.44 -831.37 -4.22
TECHNICAL
WEEKLY PIVOT
INDEX R4 R3
NIFTY 6535 6268
OUTLOOK
Trend:- Bearish
Resistance:- 5790
Support:- 5550, 5
Strategy:- Sell on highs
ECHNICAL VIEW
NIFTY
R2 R1 P S1 S2
6001 5827 5734 5560 5467
5790, 5910
5360
Sell on highs
NIFTY WEEKLY
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S3 S4
5467 5200 4933
WEEKLY PIVOT
INDEX R4 R3
BANK NIFTY 12507 11954
OUTLOOK
Trend:- Bearish
Resistance:- 1102
Support:- 10300, 1
Strategy:- Sell on highs
BANK NIFTY
R2 R1 P S1 S2
11954 11401 11064 10848 10511 10295
20, 11250
, 10075
Sell on highs
BANK NIFTY WEEKLY
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S2 S3 S4
10295 9742 9189
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